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KeyID / Re: DNS-Pinky-Promise Bounties
« on: March 22, 2014, 02:17:31 am »
Thats the way I understood it. But this justs dilutes DNS holders... Which would be ok to me because it is used for DNS developement...
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Another way to put it: Would you pay a premium to have this team snowball right now, over a 50/50 AGS/PTS team sometime in the future? How much?Yes! Whatever you think is efficient to grow AGS/PTS value long tern.
Any reasonable DAC idea must convince the market to succeed and attempts to substitute convincing the market with convincing Invictus or even a majority of AGS shareholders is to take shortcuts that will undermine the necessary due diligence of the market.
They may be able to convince me they are trustworthy, but how can I know? Why should I fund any DAC that I believe is inferior to ones I have in my queue?
On the flipside, why should a reasonable DAC idea that convinces more people than Invictus and the majority of AGS holders allocate 20%+? AGS/PTS holders + Invictus should act as optimal VC's. When the overall market has already decided that their idea is viable they will value their DAC idea higher and give us an equivalent lower stake (for a higher price) in their DAC. Optimal VC's capitalize on their superior insight into the idea they invest in; they see before the overall market that it's worth investing in. You are the optimal VC in this space.
There's no point in alienating half the political spectrum - just give them the tool that changes their reality and they will learn from that positive. Challenge what they hold dear and you'll scare them into wondering what viewpoint they are supporting.
Polls which dont require the participants to use actual money are worth nothing
Aw lighten up, it's just a fun toy. Sure, some people will be naive enough to think that the results are really meaningful, but I think most people on the forum are intelligent enough to understand the results for what they are.
Just to make sure. There is no problem with donating to AGS from an electrum wallet?
You can set the electrum wallet to create new addresses everytime you receive or send. So this doesnt let me look up my balance. But that souldnt matter for the ability to claim BTS with the private keys provided by the electrum wallet?
I think it is ok to claim the xts with electrum wallet,seems the qt,electrum ,MultiBit and Armory wallet are supported currently . it does not matter even if the electrum is not supported, you could export your private key and import to other wallet.
Narrative circa Newsletter 2...
Free Space - The Ever-Receding Frontier
The jurisdiction of governments has always been defined by the land
mass they control by force. Out beyond the "three-mile" limit of their
shores is traditionally viewed as international waters. No government
has sovereignty out there, though many have tried to exert such control.
Their success has been limited to their ability to project power, whether
they have an internationally recognized right to do so or not.
We view the Internet as lying in international waters as well.
Governments and other nefarious enterprises try to exert power by exploiting items of value that
must pass through their control or by seducing or coercing service providers that must
themselves remain exposed in the physical world. But what of the etherial constructs of cryptospace?
Ghost ships that don’t show up on any earthy radar and have no ports of call where they
can be interdicted? Ships with crypto-graphical cloaking devices that can carry their cargo
across the digital high seas with impunity, immune while pirates and tyrants huff and puff in
frustration. Many will want to control this new frontier. But unlike the past frontiers of
freedom, this time they will fail.
When Daniel Boone and Davy Crocket strode into the American Old West they were entering the
Free Space frontier of their day. But soon “civilization” began to encroach and their offspring
fled further West. The Eagles once lamented, “there is no more new frontier, we have got to
make it here”. We disagree. In Free Space, freedom can still flourish - by design.
Bitcoin has opened a portal to Free Space - a land of opportunity.
Bitcoin is just a digital currency worth billions. But the technology behind it is beyond the control of
any government on the planet. There is no central point where tyranny can seduce or coerce the people
who have learned to use it. Instead they interact peer to peer, with no corruptible middlemen. Bitcoin
just works. And it has paved our way to digital freedom. A next generation Internet.
In Free Space, no one can read your mail.
In Free Space, no one can track your purchases.
In Free Space, no one can steal your identity.
In Free Space, no one can inflate away your savings.
In Free Space, no one can confiscate your wealth.
In Free Space, your wealth is all in your head.
Anyone able to infringe on even one of these freedoms has too much power.
The tools needed to defend Free Space are emerging, but the arms race will probably never end.
I would pay the least possible. So I'd definitely be able to get more from the guy selling for $5 than you selling at $100.I think we both agree on this. Bitshares can be a game changer if it works but that is not neccesarily determining the short term price.
If I had unlimited money, I would pay up to $500 per BTS. The reason why is the price I pay to get into BTS isn't so important because if it works as intended I could lock my profits in BitUSD. I don't have to worry about the volatility like I do with Bitcoin. So the initial price doesn't matter, what matters is that I cannot lose money so whatever I paid I would seek to lock in. I would not sell for less than I paid, and I would just buy Bitshares at $200 for instance and then quickly store it as BitUSD at $200 knowing that at some point in the future that $200 will get paid dividends.If you take all your BTS and buy BitUSD with it it is like selling it for USD at whatever price BTS is at at that point except that the USD are issued by the Bitshares system. You dont have any BTS then anymore and can not profit from the value increase of BTS.
You'll have to look around for those comments on lawyers. But I have seen at least three references that I can remember. As far as Invictus' status as a corporation, I am only reporting what I have read and understood second hand, but my understanding is that it's not going to become nonprofit, but it is acting more as a facilitator for all these DACs by setting up the basic code and then seeking partners or developers to take on the activity itself.