8888 DAC

8888 numbers to choose from in a daily lottery.
88.88 BTC guaranteed prize pool!
100% payout! No fees!

@ Midnight ET daily!

(*Opening month promotion, 1% betting fees thereafter & the guaranteed prize pool may be reduced.)

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This is a daily lottery so it won't be in competition with the other.

IMO, a lottery DAC needs 2 elements.

1. Better odds
2. A lucrative prize pool

I think I've solved no. 2 with very little risk and think the 8888 DAC (which will receive 1% of all bets after month 1) will be worth 5000 BTC+ conservatively at the end of 30 days.

Thoughts

Record companies already have contracts in place with artists and have admin & accounting systems in place that manage and process various revenue streams (record & concerts sales, merchandising etc.) which are then partly distributed to the artist based on the contract terms. (The record companies are kept 'fairly' honest in this regard by auditors and because if they were cooking the books too much other artists wouldn't sign with them.)

While it's possible for investors to buy shares in some of these record labels if they are publicly listed, it's not really accessible for fans. It also hasn't been practical till now to issue shares for individual artists, albums or songs.

POS share systems change everything!

Record companies in agreement with their artists can now reduce their risk, raise capital & get fans interested & involved not just in consuming but marketing their artists too! 

The record company will issue a POS, with a contract attached, in which they agree to distribute X % of various revenue streams as dividends to the POS much the same way they already pay their artists.
(As I said the degree to which they are perceived to hold up the agreement will determine how willing fans/investors are to support future POS artists, albums and songs issued by said record label.)

This model will also have a big application in funding movies in the future too.

Personally I would recommend maybe contacting Hollywood Stock Exchange HSX.com as they have a nice interface and userbase already used to do something similar for fun. (If we work in combination we might be able to become the youtube/itunes of this space & require each new IPO distributes % share to Bitshares Music holders.)

Whether or not Bitshares gets involved here I can see quite clearly that this is the future. (For the benefits I mentioned, reduce risk, raise capital, and the completely new USP (which Bitshares Music already identified) of have invested fans actively marketing their favourite artists.)

(The benefit of this vs. existing Bitshares Music is this gives access to already established artists, multiple incl. offline revenue streams (Album Sales, concerts, merchandise) & companies who will establish a track record of honouring contracts across a range of offerings, not just a small share of a specific online revenue stream from largely unknown artists who will if successful have to sign with a centralised management/record label anyway. Plus the record labels already have a huge marketing machine in place that will be complimentary to the viral and network marketing the fans will be engaged in.)

Just read the article on Coindesk about the Saxo bank CEO.

He's apparently libertarian leaning and fairly positive about Bitcoin.

Christensen acknowledged he has not only bought bitcoins, but that his online investment company is currently exploring bitcoin’s potential use.

“I thought what happened in Cyprus was a pretty shocking thing and probably an omen of what is to come more and more often in the future

“I think there’s an opportunity there for banks that are early adopters. [...] The bitcoin community is fairly enthusiastic one, so I’m sure there’s some business to be won and some goodwill to be achieved, plus some interesting opportunities for other clients.”

Saxo Bank offers customers the ability to trade 179 forex currency pairs, more than 2,500 investment funds and futures contracts in currencies, gold and oil, among other offerings.

http://www.coindesk.com/danish-investment-bank-owner-bitcoin-exploration/

The thing that interested me more, in terms of Bitshares though is that on Wikipedia I see,

In January 2014, Saxo Bank launched a beta version of a transformed TradingFloor.com, a community portal re-launched into the first multi-asset social trading platform. The site, still in its testing phase, encourages users to share information, tips and strategies publicly and does not have a traditional chatroom function. The bank's founders said they want the site to make financial trading easily accessible to all and serve those who do not wish to engage with salespeople at banks. "We want to set free the peer-to-peer power of traders around the globe," they said in a joint statement.[55]

He understands the potential value of Bitcoin, he understand the risk of future bank deposit/investment confiscation, they've just launched a peer to peer, community trading portal.

I think Bitshares is exactly the kind of thing that may appeal to him. It is perhaps even an offering they could consider adding in some way to tradingfloor.com. It would also give their clients an opportunity to hold some of their funds, demominated in various bit-assets outside the traditional financial system which is something he seems to be open to.

Anyway, probably difficult to get in touch with but  I definitely think he is someone Bitshares could consider reaching out to.

In general I think trying to forge relationships at this stage with people who 'get it' in various sectors, will be very helpful to Bitshares.   

Edit: It might be more realistic to reach out to tradingfloor.com, getting them to cover an article on Bitshares and maybe do a poll might be something that would be positive for a 'peer to peer' focused community trading portal and Bitshares in terms of publicity and then from the results of that it could maybe be pushed higher on their radar.

The process of sending money to AGS then being issued a stake in Bitshares which can be traded plus also receive interest at some point is similar to the way people send money to crowdfunded business & are issued a stake in a new company which they hope to be able to trade and also maybe earn a dividend on at some point.

It seems that the AGS to Bitshares allocation model would work much better than the current crowdfunding model, allowing investors to trade their stakes in a transparent decentralised POS share system after the crowdfunding period is over and even receive dividends.

There was >5 $Billion raised through crowdfunding in 2013 the same year Cryptocurrency became a >5 $Billion business, why not join the two?

Invictus & AGS/PTS could get a stake in new companies they liked in exchange for providing & managing the POS template and bringing the crypto-community market to the crowdfunding market.

At the moment it seems only crypto-currency or related businesses have taken this approach but why shouldn't the next new exciting beverage/fashion/toy business be listed as a POS?

I've discovered a fatal technical flaw with MemoryCoin.

Mathematical Proof

1. Elephants never forget. Fact! - So elephant's don't need Memorycoin!

2. The biggest land animal in the world is an elephant. Fact!




Therefore the biggest market in the world won't use memorycoin!  

Hi, I woke up in a cold sweat last night, as I said in a previous post I'm a newbie to bitshares, can you please explain how my following train of thought is wrong...

People take the price for gold from the Comex which we all know is a scam because Comex owns and trades very little of the underlying asset, gold. It allows nefarious actors to manipulate and suppress the gold price by taking massive Comex short positions even though in the real world they would have no hope of getting enough of the underlying to cover that position.

So how did the 'Majority' become dumb enough to trust the Comex price? Is it the same way they may become dumb enough to trust the Bitshares price?

Right now as a Bitshares video points out, BTC's value is different on all exchanges, depending on many factors. So it would be very useful if there a way to derive a true decentralized value for BTC? Wallah! Bitshares!

At first Bitshares will give an accurate price for BTC that reflects available information, so in a short time people will start to trust that the best idea of BTC price is derived from bitshares and not from a particular centralized exchange.

However people are taking long/short positions on BTC via bitshares without owning the underlying BTC?  So pretty soon nefarious actors, (Gov and traditional banks) will be able to influence and suppress the BTC price by taking massive positions. And by then even if the core BTC community knows the bitshare price is a sham (like Comex) there will be enough mainstream BTC adopters that still believe bitshares is a fair reflection of available BTC information.

Should we be praying for the future of cryptos and humanity that bitshares fails spectacularly?