Sounds like you are just rediscovering the exact problems with the existing legal and financial system.

Quote from: Riverhead on November 13, 2014, 01:50:59 AM

Quote from: Stan on November 13, 2014, 01:01:13 AM

I'm impressed.

You guys have come up with even more good reasons to do this than we did.

(But by remaining silent we get to take credit for them all.)

:)

This speaks to one of the great reasons I3, and BitShares in general, have been and will continue to be successful. A depth and breadth of varying talents. Clearly they have benefited from your corporate experience.

Nothing like a good ole circle jerk right?

Quote from: luckybit on November 11, 2014, 07:21:39 PM

Quote from: lord_potatoe on November 11, 2014, 07:17:37 PM

Quote from: Ander on November 11, 2014, 06:58:16 PM

Quote from: lord_potatoe on November 11, 2014, 06:50:00 PM

Up until your devs realize that they can get in trouble for enabling/creating anonymous digital dollars. Just like all the fear with the SEC etc.

Also BitUSD... let's break that down. Bit...United States Dollar. What an insult to the whole idea of cryptocurrency.

Oh look, you are the guy who said the peg was 'failing hard' because someone traded three cents worth on bter for only .61 cents per bitUSD.  Even though thousands of dollars are traded on the BTSX client itself within a penny of 1.00.

Are these the best things you can find to try and FUD bitshares? 
Why are you so desperate.  Is it because you sold low and are desperately trying to get the price back down so you can buy?   Or are you trying to push a different coin on us?

Im not desperate and I havnt invested a dime into bitshares, I could really not care less. I dont buy or invest in cryptocurrency at all, I only get paid for work in it. I  just find the constant circlejerks here amusing and arguing/debating on the internet is fun. Just providing a different perspective, but im not immune to ignorance.

Do you mind telling us who you work for?

I work for myself, I am a freelance programmer.

Quote from: Ander on November 11, 2014, 06:58:16 PM

Quote from: lord_potatoe on November 11, 2014, 06:50:00 PM

Up until your devs realize that they can get in trouble for enabling/creating anonymous digital dollars. Just like all the fear with the SEC etc.

Also BitUSD... let's break that down. Bit...United States Dollar. What an insult to the whole idea of cryptocurrency.

Oh look, you are the guy who said the peg was 'failing hard' because someone traded three cents worth on bter for only .61 cents per bitUSD.  Even though thousands of dollars are traded on the BTSX client itself within a penny of 1.00.

Are these the best things you can find to try and FUD bitshares? 
Why are you so desperate.  Is it because you sold low and are desperately trying to get the price back down so you can buy?   Or are you trying to push a different coin on us?

Im not desperate and I havnt invested a dime into bitshares, I could really not care less. I dont buy or invest in cryptocurrency at all, I only get paid for work in it. I  just find the constant circlejerks here amusing and arguing/debating on the internet is fun. Just providing a different perspective, but im not immune to ignorance.

Quote from: nomoreheroes7 on November 11, 2014, 06:48:00 PM

Quote from: lord_potatoe on November 11, 2014, 06:45:41 PM
No chance. Think about it, a lot of people that understand bitcoin very well do not even understand most of bitshares and are confused. The vast majority of the world population has either never heard of or has no understanding of bitcoin and its been 6 years now. What makes you think everyone is going to suddenly "get" bitshares and pour their life savings into it in only 5 years?

Hmm...which coin are you pushing?

*looks into post history*

Carry on...

Potatocoin, stay tuned for our whitepaper and IPO in two weeks. We are doing for potatoes what bitcoin does for money!

Quote from: Ander on November 11, 2014, 06:36:13 PM

Quote from: lord_potatoe on November 11, 2014, 06:29:51 PM
What makes you think the US government is going to allow a mutated version of the US dollar that they cant control hijack the real USD? You guys are brutal....

The fact that its on a blockchain and they cant stop it. :)

Up until your devs realize that they can get in trouble for enabling/creating anonymous digital dollars. Just like all the fear with the SEC etc.

Also BitUSD... let's break that down. Bit...United States Dollar. What an insult to the whole idea of cryptocurrency.

No chance. Think about it, a lot of people that understand bitcoin very well do not even understand most of bitshares and are confused. The vast majority of the world population has either never heard of or has no understanding of bitcoin and its been 6 years now. What makes you think everyone is going to suddenly "get" bitshares and pour their life savings into it in only 5 years?

What makes you think the US government is going to allow a mutated version of the US dollar that they cant control hijack the real USD? You guys are brutal....

Quote from: bytemaster on November 10, 2014, 08:41:23 PM

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.

Yeah sure, until they change their mind spontaneously. What do you do when they come after people involved in BitShares even though you insist that it is purely "community" and not business and investment? Just shut the whole project down to prevent any harm to yourself? It sounds like this project is *very* prone to censorship and regulator interference if pre-emptive moves like this are being made. There is a good reason Satoshi is anonymous you know...

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.

Quote from: bytemaster on November 10, 2014, 02:14:45 PM

Quote from: FreeTrade on November 10, 2014, 02:12:56 PM
Off the top of my head too -

I think the 'Bitshares is to corporation as Bitcoin is to currency' is going to be a helpful paradigm for the press to explain Bitshares when the time comes. Keep DAC.

The last thing we want is for the press to say BitShares is a corporation.

Translation: you want to change up all the language used in BitShares because you realized you might get in trouble with the feds for using language like corporation, shares, interest, investment, securities etc and you are scared. Seems like a cop out to me, you should have just stayed anonymous man. All you are doing is just confusing people even more.

Quote from: fluxer555 on November 05, 2014, 04:52:42 PM
The price on Bter is not 'the peg'. The price of the internal BTSX market is where the strong peg is.

Check this out for peg status:

Fair enough, I did not realize this. Thanks

So, I have made it a habit recently of checking up on the BitUSD price almost every day just out of curiosity, and because you guys constantly claim about how you have this awesome pegging system that "works extremely well". So far, really not impressed. Every single time I look at the price, its anywhere from 97 cents to the dollar... to currently 61 cents!!. Now tell me, why in the hell would I want to use BitUSD as a currency when due to the price volatility I would be losing anywhere from 3% to almost 40% (on either the consumer or the merchant side, or both)!  Frankly, that is just pathetic. Especially when you go around making marketing claims like "its better than a swiss bank!" lol ok then

Prediction: 1 week from now 1 BitUSD will crash down to 40 cents after this "merger" and incoming legal stuff.

PS: Is there even any exchanges where you can deposit *actual* US dollars and buy BitUSD with them? Because if not it is even more useless than I thought..