Put on your seatbelts on....

This would work great inside of a wallet app like MoonStone, Especially if there was a messaging function. That's what FaceBook is doing. Turning the messenger app into its own platform.

 

As much as I want too, I haven't told too many people in my personal circle about BitShares yet.  Real people outside of Crypto are not going to understand all that is involved in creating this. So until we have a solid product I will hold off. It's real easy to overstate what's going on and I don't want to have to constantly apologize for things not working as I said they would.

Quote from: Thom on March 23, 2015, 03:50:08 pm

Have I missed something regarding the whole minebitshares pool concept?

I thought this pool was targeted towards people with mining hardware, mostly those who got into it before the bitcoin mega-miners put the little guys with their GPU or 1st gen ASIC hardware out of the practical competition of producing bitcoin through mining. I know the pool is mining the alt coins, allowing them to be effective miners thru the pool in that space.

If that is still the target audience of minebitshares, it seems like a very small audience to me. It is mostly those with above average tech skills who have invested in mining hardware. Or is the utility being proposed here aiming at the low end hash rate hardware like GPU / CPU? Even so, how many non-techies (the ones that care about Taylor Swift for example) have the know how or desire to setup their hardware to mine in this pool?

I just don't get the optimism of this thread for mining every day things like pizza & CDs. As for the benefit to the crypto-currency ecospace, I do see the stimulus for that and the good will it engenders to the altcoin fanboys, just can't make the connection to a broader appeal or the bridge into mining everyday "stuff" if it's predicated on owning mining hardware.

I actually agree with you on your point about Pizza and CD's, but I also have to disagree with you on another point:  Multipools essentially allow you to put sell pressure on the highest value cryptocurrencies at any given time and get paid out in the crypto of your choice.  So MineBitShares actually has three primary purposes:
1) to give miners an incentive to mine bitshares (instead of hating it because it is not something they can use their high-price equipment to mine)
2) taxable income for miners is calculated at the time you mine the coin (so the value at the time you mined it).  Seeing as most altcoins go down in value, mining things that actually track real world assets' value gives miners one heck of a valuable protection mechanism from the tax man.
3) a reason to hold something whose value will be less volatile and will pay interest, which helps bitshares---especially if people decide not to sell.  Or better yet, they decide to trade bitAssets for other bitAssets and BTS.

It also helps add some liquidity to our market.

You are not investing in a xompany, you pre-ordering a product.

I wouldn't keep large amounts in it, but its nice to have one place to deal with all your crypto.

Couldn't we use Bitshares as a tool for funding  PACs in the US?

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