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I'm avoiding publishing the link publicly here so a troll can't delete it.I've finished some more designs and included them with the others. I've made a sound wave in the shape of an "M" and an "N", liondani and feedthemcake's PTS and Play crossover designs and some mixes between "n" and "N" with musical notes including kickky's idea. Let me know what you guys think.
Now that you mention it, they should probably GTFO from the US ... and incorporate somewhere else. Like Switzerland.
Some of us have family and kids keeping us here.
The company could be incorporated in Switzerland even if you live in the US .. but these days I do think being an American and/or living in US soil is a big liability on many fronts. In light of recent events it should not be necessary to elaborate.
But yeah, I worry about Cryptonomex being a US company. Among other things, the government there can force you guys not to disclose to us any backdoors they decide to implement, they can lock you all in jail under any pretext, seize laptops and servers on US soil, freely intercept your non-encrypted communications.. plant bugs with near impunity, etc.
BitShares, especially in the 2.0 incarnation (once again, well done.. if the code matches the announcements, it'll be BIG!), is going to majorly piss some old, fat sharks.. sharks with millions of dollars and plenty of friends high up.
Being incorporated in a jurisdiction where frivolous litigation is the rule, a tendency for too much regulation, a clearly established oligarchic system, and to top it off an increasingly totalitarian government with an unhealthy appetite for tax dollars and curbing personal freedom (of which BTS 2.0 with privacy will bring plenty).. you get the picture.
Lol "BitMeister". Did you see that the new architecture will have Privatized BitAssets that allow users to configure the parameters?
Will being the key word. The wikipedia article claims that this IS now. Fact is that it isn't. Just saying. If the article said, "BitShares has the ambition to..." then I would wholeheartedly agree with it.
Hey if they can deliver more power to them. But fact is, until there is a solid documentation, security threat tree, protocol definition, etc. No one is going to take this work seriously in the crypto community. Any big player would hire an expert to assess the tech before they commit to it.
I keep reiterating these points, because I think they are doable, and I hope they do it right this time. Enough of this day dreaming, let's have community and devs focus on deliverables, roadmaps and what's viable, doable, etc.
Aren't BitAssets technically a financial smart contract?
Smart contract is an overloaded term, but to me it means that anyone can negotiate the terms and write their own rules in some script. e.g. Ethereum, Eris would satisfy that. So far BitAssets have not only been in full control of the devs, but aside from being hard coded and not customizable, the rules have been constantly changing. One minute you can short indefinitely, the next there is a 30 day window to cover, then there is interest rate, then there isn't, etc.
So until they have a proposal with clearly defined protocol, and an implementation that follows it and works flawlessly, I'm going to call this a wishful thinking.
Don't get me wrong BitAssets are better in my mind than NuBits, but could have been so much better.
The issue is BitMeister wants to invent everything and control everything. I would've liked to see BitAssets be freely defined by users in a way that people can compete as to which formula tracks an asset the best. All of these discussions could've been competing smart contracts, instead of the whole community waiting on one man to come up with the holy grail.
Just my 2 bits.
Please proofread the submitted draft at the link below; it can take up to 3 weeks to be reviewed so we have plenty of time to do some more edits.
https://en.wikipedia.org/wiki/Draft:BitShares
BitShares is a decentralized, industrial-grade financial smart contract wannabe platform.
There - fixed it for you.
