Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Topics - progmac

Pages: [1]

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?

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?

General Discussion / Creating a DAC that sells juice

« on: February 24, 2014, 05:55:32 pm »

I should start off by saying that my general knowledge on DACs and Cryptocurrency is nothing compared to the regulars here. I have no special technical abilities or knowledge whatsoever. Just a guy trying to wrap his head around big ideas.

Say someone wants to start a juice factory (I figured I could leave the term 'widget' to my college text books). Could they create a DAC wherein the service giving value is the demand of the juice?

If I am Mr. JuiceDreamer, would I start JuiceCoin (company A) and then start JuiceCoinTalk (company B)? On JuiceCoinTalk maybe I'd discuss how Avocado-Sweet Potato Juice will overtake the industry. People might think, yes, I believe this juice will be popular and then maybe they'd invest in some JuiceCoin.

After people seem intrigued by JuiceCoin, would Mr. JuiceDreamer then use some of his JuiceCoin profits to start JuiceEnterprises (company C)? Say the Juice Factory needs 1000BTC in capital and start-up inventory to create its first box of juice. Say further that JuiceCoin holders believe Mr. JuiceDreamers ideas and want to contribute to the project. How do we get from individuals holding JuiceCoins to individuals having some kind of interest in JuiceEnterprises?

What big picture ideas am I missing? What is BitShares roll in all of this? Could a DAC sell juice? Would Mr JuiceDreamer end up in jail?

BitShares AGS / donating to AGS: "Then what?"

« on: February 10, 2014, 07:27:05 pm »

I have noticed a question pop up now and again on here, the PTS forum, reddit, and similar places.

The question is basically, "so I donate my PTS (or BTC) to the Angelshares address, then what?"

I have been considering this. And it brings me to the most remarkable concept of this technology. A concept that those of us on forums like this already take for granted.

Fundamentally, we just aren't used to this. When I pay my landlord rent in cash, I trust that he will not forget that I gave him his rent, lose the money, or outright lie. When I buy an Apple LISA on ebay, I trust that the person on the other end really is a person with an old computer and that they will send it to the address that I provide.

So how is it that I 'simply donate' my PTS or BTC for AGS? It doesn't compute. Shouldn't I be providing an email address? Shouldn't you be giving me a receipt? Or something? So I donate, and then what?

THERE IS NO THEN WHAT.

And that's why this tech can change everything.