Equity crowdfunding is another possibility a la something like Kickstarter

Let me try to clear a few of these up:

1.  Invictus ran out of donated BTC at the end of last year.  All PTS was returned on advice of our accountants.
2.  During recent months 100% delegates have earned about 4277 BTS * $0.006 = $25 per day.  (BitShares paid for 1/2 hour every day)
(Enough for them to answer a few questions or fix a simple bug every day or so.)
3.  By dipping into our BTS reserves set aside for legal, accounting, and government contingencies, I3 was able to provide a small stipend for some of them amounting to about 3 paid hours per day.  To meet the rest of their living expenses, they were forced to live off their savings from last year.
4.  This left them somewhere around 8 unpaid hours a day as independent agents.  With this time, the team continued to provide essential updates for BitShares and worked on Graphene with the hope of producing something of value that could be used to recover all their sacrificed pay.  This was a huge gamble.  It would have been smarter to take a job at Google, use their new salaries to buy up cheap BTS.  Instead they stuck with it.   Net cash flow during all this time was from the developers to BitShares, not the other way around.
5.  When it became clear that Graphene would be a success, the team decided to build a new company to monetize it and recover their painful losses.
6.  ALL of the current stakeholders in Cryptonomex are members of the global BitShares community who invested their own time and/or money to make Graphene possible.
7.  It is CNX intention to use the results of these risky investments to raise additional capital and capture new revenue streams.  To do that, we need to have a company that owns something that merits such investment.  That's why we have the license structure you see.  Failure to assert those IP rights would mean that BitShares would need to find developers able to take Graphene the rest of the way for $25/day.  We were, alas, not able to find anybody willing to continue doing that.
8.  For the foreseeable future we expect to continue using such outside investments to grow the BitShares ecosystem in a way that incentivizes investment in CNX.
9.  Please observe the complete series of announcements we make this summer before you judge our commitment to BitShares success. 

 

As a shareholder i prefer to see supreme effort focused on core value propositions, which in our case as BTS is a p2p asset exchange. That's what the DAC does well, and if this merger brings better tech to make the user/customer experience better, then i fully support it. it sounds like there's potential to reduce added value propositions as the org grows, but i'd take better focus and resources on the core capability any day over losing options for future tangential ventures...ESPECIALLY when we're in a bear market that kicked the shyt out of our market cap. It's time to buckle down, scrape for available synergistic resources (like CNX), and press hard on making our core business better. After trolling all these heated threads today, i'd just like to say i think the merger looks like the right move. There's no reason why other DAC ventures can't evolve from this same community after BTS really succeeds and we can pay for our lattes w/bitUSD!

Quote from: cylonmaker2053 on June 12, 2015, 02:20:29 pm

Just FYI, it took almost two days for my BTC deposit to hit my CCEDK account. Hopefully this is just part of the growing pains of a new exchange and smooths out in future. I'm very excited to try out the Nanocard when it arrives!

Hello Cylon, can only say this is not normal at all, and wish you to have this experience only once, I can asure you.

Rgds

Ronny

I imagine it won't be the norm, really excited about what you guys are doing...

Quote from: robrigo on June 12, 2015, 04:50:41 pm

Can you explain the reason United States users can't verify identity to unlock higher limits? Is there any strategic direction or work around being pursued to enable this or are U.S. laws simply too draconian?

Sent from my LG-H811 using Tapatalk

Because Uncle Sam and the IRS are hellbent on keeping Americans prisoners to their greed.

http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act

People have been giving up their US citizenship because of this, well now the cost to do so has more than quadrupled
http://money.cnn.com/2014/12/10/pf/taxes/expat-passport-citizenship-renounce/

"Earlier this year, the government increased the renunciation fee to $2,350, more than four times what it used to cost.

On top of that, some U.S. citizens are slapped with a giant "exit tax" bill -- sometimes millions of dollars -- when they renounce."


Such police state, wow.

It's increasingly becoming a liability to be owned by the US government.

A direct spend ability using bitUSD, or any of the other bitassets, is exactly what we need for the BTS project to explode (in a good way)!

Just FYI, it took almost two days for my BTC deposit to hit my CCEDK account. Hopefully this is just part of the growing pains of a new exchange and smooths out in future. I'm very excited to try out the Nanocard when it arrives!