Thanks for posting these. It helps me understand BTS better and see what the future plans are.

Is this the hard fork for the transition from BTSX to BTS?

It's sad expectation management is not taught at school  . I have been crypto obsessed for 2 months now, and already invested more than I should have... but I see it as a "50% probability I'll lose everything I invested, 50% I'll get rich". Every new info I get, every mumble session or hint by BM or Brian grow my confidence in it. I don't trade, I just stockpile.

1$ per BTS in the next two years would be +5000% at current price... that's a hell of an investment, and it's completely plausible. I'll consider myself rich at 1$ .

That is exactly my mindset. I am fine investing a little bit into it with the potential to lose it all or get rich. In my opinion 2 things will happen with BTS.

Either:
1) It will die and fail
2) It will change the world of banking, finance, business, and contracts.

If we all work hard together as a community we can help it grow a lot faster with marketing and word of mouth.

Quote from: lord_potatoe on November 10, 2014, 08:31:06 pm

Quote from: MeTHoDx on November 10, 2014, 08:03:27 pm

I think it's a mistake to "officially" drop the company metaphor. If Satoshi described Bitcoin as "p2p money", BitShares can be described as a "p2p company". It's a decentralized company on a blockchain that's censorship resistant and cannot be controlled by governments.

I fail to see why dropping the company metaphor is at all useful.

It's only useful in that it doesn't immediately draw attention from the governments claiming to be resistant against. You can call it a "company" or a "community", use "tokens" or something instead of "shares" and "distribution" instead of "dividend", "rewards" instead of "interest" etc... but a duck is a duck. Pretty wimpy move IMO. Also a major flip flop of what has been marketed and constantly pushed since bitshares started.

Actually with the SEC what you call it matters more than what it is... I originally adopted the company metaphor based upon the "duck is a duck" mentality... but sadly that is not the case with regulators.   They care about whether or not you are attempting to use terms the public places trust in to persuade others to part with their money.  If you can convince someone to part with their money for a stake in a community then it is very different than selling a share in a company despite the economic result being the same.

Why do we care about the SEC? Bitshares is a decentralized worldwide platform which they cannot really stop.
Why must we conform to their regulations?

PTS still alive = more confusion and less people focused on a single product. That's not good for marketing.
I don't really care about PTS being kept alive, AlphaBar can do what he wants to, but by doing so it's obvious to me that he goes against the interests of BTS holders. PTS has nothing of value to offer now : 1) it doesn't represent the founders anymore (since so many people sold them), and 2) it has no useful functionality. If I am wrong on these 2 points, I'd be happy to reconsider. But if PTS don't represent people that helped build the ecosystem anymore, then they don't mean anything, and should be worthless.

As a newbie myself it took me a few hours to figure it all out. Its extremely confusing and if 3rd parties start releasing share drops to PTS then it would hurt BTS in the long run.

Why can't we just do 3rd party drops to BTS? PTS is pretty much dead as no miners are mining it anymore. It would also be nice because you would give the new blood coming in a chance instead of locking it to a small group of people. By dropping shares into BTS you will get wider distribution so more users. I really do not see the point in giving away shares to a defunct system that is owned largely by early adopters.

*Not trying to be disrespectful to the "early adopters" but I think we are all early adopters, and I think that by just sticking to BTS for share drops it will do 2 things

1) Bigger userbase and testers for your new 3rd party DAC which means less hoarding by just a few individuals.
2) Eliminates the confusion to new users and will give the new "early adopters" a chance to get in on the action.

Just my personal opinion

Does anyone think that the price of BTSX will rise once it merges with BTS? It seems like most people and exchanges do not even know it is happening.

What kind of future does BTS have?

Is there any way to securely keep your BTSX safe? Is there a way you can put it in cold storage?

Thanks.