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KeyID / Re: Lets keep it alive!!!
« on: October 27, 2014, 10:04:20 pm »
I hope this won't cause too much tension here, we've had enough... but I like the idea
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So plan A it is. PeerTracks needs to plug into SOMETHING and there is a lot of work left to be done there.
Is this work happening ?
Do you have developers outside of I3 team that could work on the backend(if not merged) ?
Is there work in progress on the Front-end(PeerTracks) ?
It would be cool if some more information will be given on the status of development or some kind of timeline. This will reassure investor that there is a solid plan, etc, especially important in pre-sale in my opinion.
french translation of www.bitshares-x.info online now!!!
Thx for contributing
Sweet! Please dump so I can buy. What exchange?
Broken promises is much MUCH better than a failed product... Every broken promise had a rational justification and increased our chance of getting BTS to the top.
That attitude sucks. The aims do not justify the means.
If you break promises it means you can't be trusted. And trust is what cryptocurrencies are about.
Btw, there is no proof that the product would have failed without breaking promises. Actually, a couple of days ago everyone was quite happy with the products.
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.
That's the meat of it right there. There are a couple things to keep in mind regarding all of this "merger" business.
One is that it involves a certain number of "rich" or "powerful" people whose support I3 needs. All the proposals are designed to placate these people first. Small players have no power, and so have little say in the merger.
Two is that buying DNS on an exchange was a pure gamble. In the interest of your long term trading success, It would have been better to get burned and learn the lesson, than to expect to be made whole when you speculate and lose. ( I lost some too :-/)
Three I3 giving their 10% in DNS to the traders was a pr move to buy goodwill from the community, showcase their integrity, and their lack of inside trading. They would've had to do this, and likely will have to do more to get the fishy smell off of them. They have shaken people's confidence and the integrity of their word with this change of plans. The reality is that although this "merger" is probably an inprovement, I3 still broke promises to it's supporters, It sold a bill of goods that was not delivered.
Fourth these company f*ckups highlight some of the recurring problems with I3. Broken promises is one. Remember keyhotee? Lack of communication. It can be really hard to find the relevant information/ press releases etc. Unnecessary complication. It feels sometimes like complexity is being showcased, not hidden. If DACs are going to be mainstream and loved there, people can't be privy to even a hint of confusion. There must be a zen-like ease of usage, people want cognitive ease and security above all else.
The tech is great, but pure tech is not enough. Pure talent is not enough. (The same way that many great bands never get famous.) These weaknesses have to be addressed and soon. The bitshares brand needs to be so smooth and simple that it slips into people's minds with no resistance. People want a way out of the banks, but if they cannot be sold on it in 5 seconds or less, most won't.