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Folks, lets be honest here. Of all the people that bought DNS on an exchange, how many of you were waiting for the coinmarketcap listing so you can flip it and make a buck?
To the guy who bought DNS at 400 satoshi - you panic bought on no news after seeing a massive price rise, and your fear of missing out greedily caused you to make a poor decision. Sucks for you, don't do that again. Its a lesson every investor will eventually learn, whether the easy way, or the hard way (myself included).
To the guy who said he wouldn't sell DNS until it was worth more than Namecoin.......how long were you planning on waiting? As of now, DNS is a rebranded BitShares fork with no other features beyond an IOU future implementation of good ideas. There is no product.
And Toast, I know you're pissed, but why the hell did you rush to release a product with no features? Why were you in a such a hurry to make your ideas tradable to the point where you're doing midnight emergency builds by yourself?
Placing value on ideas is a risky business. You can make a lot of money, and you can also get badly burned. If you're crying, you invested money you can't afford to lose. Investor life lesson number 2.
What was the estimated market cap of DNS before the crash, 4 million? For a BitShares fork with a new splash screen? Does that sound like a proper valuation for a company with a cloned tradable token and no features, run by a recent college grad with limited life experience and real world business knowledge, on a project that is devoid of critical manpower and infrastructure? If you ask me, bytemasters proposal is more than fair, to the point its sane. Ideas don't realize themselves, they requires competent handlers to execute.
Disclaimer: I own a substantial amount of DNS through AGS. I also own BTSX, PTS, and eventually NOTES.
Interesting,
I think the reason the philosophy flows in this discussion on voting, is because we're in a problem space that includes much of what it means to operate as a human being. How do you come to fair and honest decisions in a world where every actor has different realities, opinions, values? And really, this question exists inside, outside, and between humans. It exists between groups of humans, it exists in every exchange a human makes. The solution, IMO, is to find ways to unlock the genius of nature, and harness the wisdom of crowds.
I think a lot can be understood by extrapolating out from our biological imperatives. Our nature is directing what we find interesting, pleasurable, exciting, worthy, etc. Our biological machinery rewards us for doing things that help the species. A major reason why people solve problems. Think about it. Someone who writes a DAC, a farmer, an artist, a policeman, a politician, or even a guy who joins a hate group, someone who drills for oil, works at the NSA, etc., are all interpreting how to help the species and getting paid in pleasure by their biological machinery.
The problems being solved here are the same problems that all biological systems have to solve.
Its *PRIVACY*... that the government says is legitimate. The most challenged politically challenging issue with crypto is the *PRIVACY* it allows... and now with the voting DAC the same people that advocate against financial privacy are now in favor of developing the exact same technology for VOTING privacy.
.
I trust it. there's bound to be some bumps along the way, but I think BM and friends have thought out most of the possibilities. There's bound to be continued loss of value in btsX while it's development is left idle however. 
to everyone in this thread. This voting DAC is very interesting. The process of conducting a vote can be mapped across the same problem space as crypto, DACs, etc. It's trust, it's ledgers, it's double-spending, it's transparency, it's auditable records, it's consensus. Some of you are saying we basically control our reality with how to we choose to look at things, right?
I don't think I agree.
Children are the ultimate optimists, not having been corrupted by negative influences already at work in the world. Terrible things happen to them all the time.
Also, that terrible things exist to begin with is evidence that we don't control things with our world view. If, in the beginning, people looked at the world as children and nothing but good, then how in human history did negativity get introduced to begin with? When did it start to spiral into the world we see today?
Maybe I'm just not understanding.
The children are not separate from you. Only from your point of view have you labeled the things that happened to them terrible and presume they felt the same way. If the children were fully enlightened they would not experience the terrible situation the same way you would. Thus you are projecting your feelings on the situation on the children.
We control how we interpret things... and that makes all the difference.
I must have missed something. Are these guys honoring the BitShares Social Consensus? No? With all due respect to Fuzz and all your wonderful, unsung efforts to improve this world, if Cinni is walking off with this technology without thanking this community, then screw 'em. There are times to be touchy-feely-friendly and cooperate with other coin communities. And there are times to stand up for this community and demand greater respect.
Two choices, Cinni:
(1) Drop 10%+ each on AGS and PTS holders, honoring the BitShares Social Consensus and respecting the developers/investors who have put in their time, money, and determination to help build this toolkit.
OR
(2) Float your coin as an asset on the BitShares X chain.
You do neither, then I don't care if you're using DPoS. You're not a part of BitShares and you don't deserve any help with your shitcoin from us. That's not me being selfish or nasty. That's me standing up for this community, which I think deserves real respect from you.
They are honoring the social consensus: ----
There's your answer. (caveat: he seems to have made a math error and his exact numbers need to be corrected to hit 10%/10%, but I think that was just oversight.)
To all the rest of the angry BitShares people who have been so hostile towards Cinni, please think about what you're doing! Whether Cinni turns out to be innovative or not, it is pioneering the process of forking BitShares and doing it exactly right: they're honoring the social consensus. If the very first consensus-honoring BitShares fork is turned away with tribalistic sneers and jeers and allegations of "scam" and "shitcoin," why do you think any other dev would waste his or her time honoring the social consensus?
Cinni is setting an important precedent for BitShares forks: Honor the Social Consensus.
BitShares community, Please do not set a precedent of hostility towards coins that freely offer to honor the social consensus!
If he had shown up with anything else than a shitcoin (well, shitshares), he would have been welcomed with fireworks. Here, he whales himself 80% of the shares of a bitshares X clone with no apparent value, and doesn't even try to justify his project. That doesn't deserve a strong support of the community, because it quite obviously has no value.
Have whatever opinion you want but I can't possibly agree with you. First, you are throwing around numbers which are certainly inaccurate, possibly severely misleading. You say the cinni dev is getting 80% of the stake, but that is certainly false since he's not the only holder of cinnicoin. You're making accusations based only on numbers that you made up.
Second, how can you possibly know that the project has no value? At the very least, it will be another instance of DPOS on a differently-distributed DAC, which will be invaluable as a test bed. The more instances of DPOS, the more we learn about delegate management, voter participation, and possibly attacks - we need to learn all we can.
What justifies your scorn of bitshares clones? What do we possibly have to lose here?
Sent from my SCH-S720C using Tapatalk 2
Show some love. The more exposure for bitshares tech, the better. cinni has a different user base, so the end result is that new minds are being primed with the idea of delegation as a way to run an efficient block chain. Plus he is honoring the snapshot, and choosing to align himself with the bitshares brand. This project only builds value for the bitshares brand.
