BitShares Forum
Other => Graveyard => Muse/SoundDAC => Topic started by: cob on October 22, 2015, 08:32:46 pm
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Very basic place to point people to.
www.MUSEblockchain.com
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Who designed that site? The graphics remind me of eighties arcade games. Where is the quarter slot for this site?
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Who designed that site? The graphics remind me of eighties arcade games. Where is the quarter slot for this site?
+5%
Yes now just add a game with the Peertracks icon eating all the artistcoins and we are good to go...hahaha
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There is lots of good info on the website. +5% Quite exciting!
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MUSE is a Membership Organisation where its members are comprised of anyone and everyone that chooses to hold MUSE Core Units. The Blockchain itself is made up of 2 Billion Core Units, 1.5 Billion of which are in the hands of a global community of users and the 500 million remaining are in the Blockchain’s reserve fund.
fuck cob
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Very basic place to point people to.
www.MUSEblockchain.com
Nice. Do you want typos/edit requests sent anywhere in particular? Is this site on github somewhere?
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the other cool part is how members get to vote on what to do with the 500,000,000 MUSE reserve fund that the DAC starts out with (in the unbreakable blockchain bank)
Give the developers a bonus and then...
(https://thinkingbinary.files.wordpress.com/2012/03/e-grizzly-and-the-joker-burning-money.jpg)
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One of these comments is not like the others. Can you guess which one?
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MUSE is a Membership Organisation where its members are comprised of anyone and everyone that chooses to hold MUSE Core Units. The Blockchain itself is made up of 2 Billion Core Units, 1.5 Billion of which are in the hands of a global community of users and the 500 million remaining are in the Blockchain’s reserve fund.
It's a shame...
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MUSE is a Membership Organisation where its members are comprised of anyone and everyone that chooses to hold MUSE Core Units. The Blockchain itself is made up of 2 Billion Core Units, 1.5 Billion of which are in the hands of a global community of users and the 500 million remaining are in the Blockchain’s reserve fund.
fuck cob
+5% +5% +5%
Any volume change on MUSE Core Units should have been informed before the note IPO. Otherwise，it's the rogue behavior!
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2 Billion ？？？？
fuck cob
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@Cob stated in this post that the supply could change if the shareholders VOTE on it. https://bitsharestalk.org/index.php/topic,9387.msg121713.html#msg121713
I am pretty sure whats going on is...due to the changes in bitshares 2 they have to set the max possible supply, and thus shareholders could VOTE to dilute up to an additional 500 million. which means the max possible supply is 2 billion.
Its not a given that shareholders will dilute...and he stated before the crowdfund that dilution was possible
Please correct me if im wrong
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It's the same as BTS 2.0 system. BTS 2.0.has 3.7 billion max supply but only circulate 2.5 billion. Total initial supply of MUSE will be 1.5 billion I believe.
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Why increase the supply of five hundred million?
This is not fair to IPOer.
I think this is a tragedy
:-X :-X :-X
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Why increase the supply of five hundred million?
This is not fair to IPOer.
I think this is a tragedy
:-X :-X :-X
In reserved fund, as like bts 2.0. So it does not increase supply actually
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It's the same as BTS 2.0 system. BTS 2.0.has 3.7 billion max supply but only circulate 2.5 billion. Total initial supply of MUSE will be 1.5 billion I believe.
clayop - what is aMUSEing ?
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Why increase the supply of five hundred million?
This is not fair to IPOer.
I think this is a tragedy
:-X :-X :-X
In reserved fund, as like bts 2.0. So it does not increase supply actually
BTS paid dearly for increasing the supply and thus the structure in BTS2.0 .
Now I assume Muse wants to do the same as BTS2.0 but not expecting to pay the same price ? Hence the silent tips of the supply change ?
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I really don't understand why so many people are upset about this. If you don't trust shareholders to responsibly spend or burn funds what reason do you have to buy into this selfgoverning chain anyways? Even without reserve fund there would be enough opportunities for stakeholders to f*** up.
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I really don't understand why so many people are upset about this. If you don't trust shareholders to responsibly spend or burn funds what reason do you have to buy into this selfgoverning chain anyways? Even without reserve fund there would be enough opportunities for stakeholders to f*** up.
It's the whole merger discussion again.
Ask yourself this: Do you want a DAC that can fund its own development or not?
People complaining about the reserve fund either haven't understood what that fund is or don't see that it is needed for a DAC to grow in its initial phase ..
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Let them leave, less competition for the available tokens.
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A little history and perspective to the rescue!
Invictus Innovations said anyone could use their tech as long as they sharedropped 10% to PTS holders and 10% to AGS holders. Leaving 80% of the chain to PeerTracks.
PeerTracks inc. would allocate that 80% as they saw fit, x% to pre-sale of Notes, y% to this, z% to that.
If you recall, that was the original proposal, which got shot down quite quickly.
We replaced that "centralized beginning model" with something that harnesses the power of DPOS and we all agreed it was much fairer:
Just 10% to PeerTracks but allow dilution, which would be in the control of ALL stakeholders, not just PeerTracks.
This made everyone happy since, it removed centralization, and put the funding and development into the hands of everyone instead of just one corporation (PeerTracks). It also did not guarantee there would ever even be a need to dilute, unlike the original proposal.
So until Graphene there were 1.5 billion MUSE Core Units with infinite stakeholder-approved dilution.
The only thing that changed with Graphene is that we have put a CAP on dilution to a nice round number 500 million, making TOTAL possible MUSE Core Units to be 2 billion.
So what we basically did is go from infinite possible dilution to a hard coded max possible dilution of 25%. Your welcome.
And once again, don't like the reserve fund? Vote to burn it all!
So to clarify!
The 500 million Reserve Fund is not in the hands of PeerTracks inc.
It's in the hand of the stake holders. It's the MUSE blockchain's own reserves.
The PeerTracks Stake is 10% of the original 1.5 Billion. Some 150 Million Shares NOT the 500 million reserve fund that might never even see the light of day before workers burn it all haha.
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Very basic place to point people to.
www.MUSEblockchain.com
Nice. Do you want typos/edit requests sent anywhere in particular? Is this site on github somewhere?
PM me the typos please.
Site not on Github yet.
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3 days to go.... :)
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Those of you criticizing Cob don't seem to remember that 500M was part of the allocation. You know, if Kanye or Apple want in, then you give them a cut.
But that doesn't mean we can't burn it if everyone votes to do so.
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A little history and perspective to the rescue!
Invictus Innovations said anyone could use their tech as long as they sharedropped 10% to PTS holders and 10% to AGS holders. Leaving 80% of the chain to PeerTracks.
PeerTracks inc. would allocate that 80% as they saw fit, x% to pre-sale of Notes, y% to this, z% to that.
If you recall, that was the original proposal, which got shot down quite quickly.
We replaced that "centralized beginning model" with something that harnesses the power of DPOS and we all agreed it was much fairer:
Just 10% to PeerTracks but allow dilution, which would be in the control of ALL stakeholders, not just PeerTracks.
This made everyone happy since, it removed centralization, and put the funding and development into the hands of everyone instead of just one corporation (PeerTracks). It also did not guarantee there would ever even be a need to dilute, unlike the original proposal.
So until Graphene there were 1.5 billion MUSE Core Units with infinite stakeholder-approved dilution.
The only thing that changed with Graphene is that we have put a CAP on dilution to a nice round number 500 million, making TOTAL possible MUSE Core Units to be 2 billion.
So what we basically did is go from infinite possible dilution to a hard coded max possible dilution of 25%. Your welcome.
And once again, don't like the reserve fund? Vote to burn it all!
So to clarify!
The 500 million Reserve Fund is not in the hands of PeerTracks inc.
It's in the hand of the stake holders. It's the MUSE blockchain's own reserves.
The PeerTracks Stake is 10% of the original 1.5 Billion. Some 150 Million Shares NOT the 500 million reserve fund that might never even see the light of day before workers burn it all haha.
+5% excellent.
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Thanks cob... So far you kept everything easy and logical and always replied to criticism...
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you ask permission "of" anyone not "to" anyone down in the black text on white background section with the pillars
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Yeah I dont see the problem with this, if everyone rejects the idea of having +500M like they reject the concept of dilution all they have to do is vote no. Those 500M will not circulate against the will of the shareholders, so what's the problem here? lol
Shareholders angry because they don't want a dilution only themselves can cause. #cryptosceneslogic
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don't like the reserve fund? Vote to burn it all
fuck you cob!
i vote to spend the dev fund on hookers and blow for MUSE holders!
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don't like the reserve fund? Vote to burn it all
fuck you cob!
You must not have read the last half of this thread. No more foul language is needed. But you still have your fingers if you need them for gestures. ;)
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Good idea. I like it. Just do it!
Well done Cob, you finally get the secret weapon from bytemaster.
Inflation and dilution is the only way of taking muse to success. I sold most of my notes at the price of around 0.02~0.008 CNY each , now I think I can buy them back at 0.001 CNY. The great profit really excites me!
Love you, Cob. :-* :-* :-*
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sounds good Cob. you have been very kind/generous to BTS community. +5%
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A little history and perspective to the rescue!
Invictus Innovations said anyone could use their tech as long as they sharedropped 10% to PTS holders and 10% to AGS holders. Leaving 80% of the chain to PeerTracks.
PeerTracks inc. would allocate that 80% as they saw fit, x% to pre-sale of Notes, y% to this, z% to that.
If you recall, that was the original proposal, which got shot down quite quickly.
We replaced that "centralized beginning model" with something that harnesses the power of DPOS and we all agreed it was much fairer:
Just 10% to PeerTracks but allow dilution, which would be in the control of ALL stakeholders, not just PeerTracks.
This made everyone happy since, it removed centralization, and put the funding and development into the hands of everyone instead of just one corporation (PeerTracks). It also did not guarantee there would ever even be a need to dilute, unlike the original proposal.
So until Graphene there were 1.5 billion MUSE Core Units with infinite stakeholder-approved dilution.
The only thing that changed with Graphene is that we have put a CAP on dilution to a nice round number 500 million, making TOTAL possible MUSE Core Units to be 2 billion.
So what we basically did is go from infinite possible dilution to a hard coded max possible dilution of 25%. Your welcome.
And once again, don't like the reserve fund? Vote to burn it all!
So to clarify!
The 500 million Reserve Fund is not in the hands of PeerTracks inc.
It's in the hand of the stake holders. It's the MUSE blockchain's own reserves.
The PeerTracks Stake is 10% of the original 1.5 Billion. Some 150 Million Shares NOT the 500 million reserve fund that might never even see the light of day before workers burn it all haha.
Thank you cob. You have always been transparent and responsive to the concerns of the minority shareholders. +5%
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can you PLEASE change the logo?
The webpage looks horrible :(
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can you PLEASE change the logo?
The webpage looks horrible :(
+5% web site looks too heavy :(
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ugly website
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Can I vote to use some of this 500 million to redo the website?
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i vote to spend the dev fund on hookers and blow for MUSE holders!
(http://40.media.tumblr.com/tumblr_m7zs8eH1fv1rtef2wo1_1280.jpg)
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ugly website
(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fbathroomreader.com%2Fwp-content%2Fuploads%2F2014%2F01%2FGolden_Raspberry_Award_rev.jpg&sp=217dfa257170d94081dfd6368245b58a)
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Are they purchasable on CCEDK? What are they listed as?
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CCEDK is where I heard they would be. But I've looked and haven't yet seen any MUSE on there.
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Changes coming soon.
And yeah, we can always turn it over to the community. Workers are one thing that make Graphene awesome afterall
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you ask permission "of" anyone not "to" anyone down in the black text on white background section with the pillars
its still there, in the "sturdy foundation section"
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jikol | Sunday, Jan. 24th | View on www.cointelegraph.com
lol if there was a working software to jump on... the webpage is a joke and people will be laughing when they try to join peertracks
Sad, but I guess that`s the average impression of potential investors.