That is indeed great news...for factom that is.
It was not enough that peertracks are ripping the benefits of moonstone and not paying a dime, but now we have a new project that is milking Bitshares.
Indeed. if that depends on the success of the moonstone wallet, why won't those projects fund the $130,000 you need? It's in their best interest to do so.
Might aswell add a powered by BitShares mark on Factom since it's squeezing BTS funds
I don't know what this fuss is about. This is what the blog post says:
They are now building an identity management system backed up by Factom’s API for Moonstone.
Looks like Bitsapphire has chosen Factom’s technology to enhance the new Moonstone wallet - what's wrong with that? Factom is not a competitor for us.
I assume that Factom customers will not be using the wallet - but even if they do, it might be beneficial for us in the long term.
And Bitsapphire is not using BTS funds, they are just fund raising using the tools we have created for this purpose: BitShares UIA. Again, what's wrong with that?
(and it just happens that the cause of their fundraising, i.e. their new wallet, might be good for us)
Last I heard, BitShares is going to support whitelisting for UIAs natively, and BitSapphire wasn't particularly working with the core devs to make anything compatible. Funding, making, and marketing a new wallet that relies on a tangle of other blockchains to support the basic features of our blockchain seems inefficient, at best.
Two very important points indeed.
1) Who's going to pay for the Factom/Moonstone integration (please prove it), and
2) Factom is a data layer for the
Bitcoin blockchain, NOT for the BitShares blockchain.
I like Paul Snow (Factom), I've had long skype calls with him, he is a brilliant guy. I do want to make sure that we are not opening BitShares up to KYC/AML tyranny though. We really don't need to bridge to the Bitcoin POW blockchain either. The Moonstone footprint will only grow at that point too, not good. I'll have a chat with Taulant about this and report back here...