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Messages - progmac

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1
I invested in Angelshares before the 2-28 deadline and received BTS-X. I've got that setup in my wallet. So this one doesn't mean anything to me, right?

2
How is the UI not pretty? I think it's very well done.
The wallet makes basically no sense to a normal person. I gather that's to be expected at this point.

3
General Discussion / Re: Who's the target market?
« on: October 17, 2014, 02:59:57 pm »
From what I heard and read from marketing, they are targeting non-crypto users with easy on/off ramps.  This is a different approach than most coins.
I think that's great. It's easy to get stuck in a little bubble of technically-oriented people and not realize it.

4
General Discussion / Who's the target market?
« on: October 17, 2014, 01:12:16 pm »
A simple question that I've been thinking over, particularly in light of the recent conversations on the UI and user-friendliness.

Who is the target market for BTS-X? BitAssets?

5
General Discussion / Re: why is bitUSD trading at a discount?
« on: August 29, 2014, 11:39:51 am »
i was going to try buying bitusd from within the app yesterday. it was crashing all over the place (os x). so i moved on to other things. I'm sure there are a lot of people like me.

6
Looks like a 20% correction.  Yay.
looks more like a 35% atm  :(
I hate how captivated i am by the stupid btsx price. I think everyone was waiting for someone to flinch. The question is now whether there is enough underlying value for it to pick back up. Of course, there is :)

7
August 27th, 1am EST. Why so soon? Because when it looks like there is money to be made, people are crazy!

8
BitShares AGS / Re: Should I be doing something?
« on: August 22, 2014, 12:01:35 pm »
well last night i finally 'did something.'
i created a new account, transferred my genesis stake, registered the new account, and then made another new account, sent it all to that account, and registered that account, and backed the whole thing up to a removable drive. hopefully i did that right.   it took a minute but fortunately i had the time last night.

9
BitShares AGS / Re: Should I be doing something?
« on: August 13, 2014, 06:39:10 pm »
You can still sit this out but ... the long term plan is to have a 5% inactivity fee for stakes that have not been moved for more then 365 days .. just a fyi
What constitutes "moving a stake?"

You need in the next 360 day to import your wallet and then you need to move your Btsx tokens from one account to another too.
I'm glad that I asked. I'll make sure to get on this before I forget and a year goes by.

10
BitShares AGS / Re: Should I be doing something?
« on: August 13, 2014, 06:28:09 pm »
You can still sit this out but ... the long term plan is to have a 5% inactivity fee for stakes that have not been moved for more then 365 days .. just a fyi
What constitutes "moving a stake?"

11
BitShares AGS / Should I be doing something?
« on: August 13, 2014, 06:14:03 pm »
I have a handful of AGS from before the Feb. 28 snapshot. I understand that this entitles me to some BTS X and maybe future projects.  I don't have any interest in liquidating or trading anything. I haven't downloaded the BTS X wallet etc.

Do I need to be actively doing anything or can I just sit here indefinitely?

12
i think that many people thought it was more along the lines of 'external auditing,' which is, i think, what people are actually looking for. generally the industry standard (at least in my industry) is that external audits provide third-part verification. from my perspective, using a consultant accountant does not constitute third-party verification.
Well, in fairness to Stan, he did say external accountant, not auditor, although he did say they audit the books. Which I think they do in this case, since they review the transactions made from the AGS funds. Anyways, the financial debacle of recent years has surely shown pretty clearly that external auditing isn't an absolute guarantee of anything anyways I suppose, although it makes me feel better.

For the amount of money involved, what Invictus is currently providing as verification seems like a reasonable level to me. Now, if we started getting a lot more AGS donations, I think we would need to revisit this topic. The good thing here is that the records don't go away, so any past action can't be easily fudged away, so there's a strong incentive to "play it straight".

I agree with everything you're saying and I'm still in the mode of giving them a wide berth to do their thing. I consider this is a very high-risk, venture type investment at this point -- meaning that there is some likelihood that nothing of value will ever be delivered. It isn't like we invested in GE.

I do think everyone is acting in good faith.

13
i think it is a reasonable point to bring up.

Quote
from bitcountant website:
We take care of all that accounting and compliance stuff that must be done—from bookkeeping through financial reporting, to project valuation and regulatory compliance—so that you can focus on doing what it is that consumes your imagination and compelled you to get into this business.

so what 'external accounting' means in this case is more akin to 'contract accounting.' basically bitshares hired a consultant to do the books.

i think that many people thought it was more along the lines of 'external auditing,' which is, i think, what people are actually looking for. generally the industry standard (at least in my industry) is that external audits provide third-part verification. from my perspective, using a consultant accountant does not constitute third-party verification.

14
General Discussion / Re: BitShares bashing on reddit/r/bitcoin
« on: April 14, 2014, 01:21:42 pm »
until there is an actual product, it is impossible to defend against this kind of bashing. a lot of people have paid for a promise. there is certainly a possibility (whether you think it is an "off-chance" or "50/50" or "most likely") that there will never be a product.

15
Since some people here are equating Dan to Steve Jobs and I3 to Apple, I am going to ask:

Do you think Steve Jobs would've shown up to the West Coast Computer Faire in 1977 without a finished Apple II computer just to network and spend* the company's secured finances?
If he was sitting on this kind of cash, sure he would have.

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