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Messages - lil_jay890

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16
General Discussion / Re: BlockPay in Serious Trouble
« on: June 06, 2017, 01:51:04 pm »
And another issue... I got this from the state of the network report

"In this weeks Bitshares Hangout, [member=30868]kenCode[/member] and [member=49]onceuponatime[/member] have revealed that Bitshares Stealth utilizing CA (Confidential Assets) is in active development and should be seeing this tech hit the testnet in the next couple of months. Big thanks to [member=49]onceuponatime[/member] who has taken it upon himself to fund the remaining development of Stealth and ensure Ken and the team have the runway required to finalise the project."

Does this mean blockpay is not going to enjoy the benefits from stealth?

If stealth becomes a core functionality of the BTS network, why should BlockPay be not able to benefit from it/use it? Am I missing some obvious thing?

Stealth developement is being paid for by blockpay investors... The investors in blockpay should see a direct return from stealth transactions.  [member=30868]kenCode[/member] or [member=38926]Chris4210[/member] needs to clarify how blockpay investors will be compensated for funding stealth.

From the steemit post I quoted, it almost sounds like there is rogue stealth development happening.  Obviously bitshares holders who don't own blockpay couldn't care less who developes stealth, but this should be at the forefront of concerns for blockpay holders.

17
Successful people do not respond to criticism the way this guy does as they live to be competitive and prove their worth...

I have only seen two of his pitches, the mission 2 from a month back and this one yesterday, however they just scream too good to be true.  If he really wants to grab the attention of blockchain users there has to be more hard hitting details of such plan before asking for 50k cash...  Both video's still leave me in the air on exactly what his game plan is.

[member=6]Stan[/member] Since you have been working with them, can you help us connect the dots?

Well, no one ever let us fully develop the concept.
Perhaps I'll blog about it when I get a few spare hours.
Using bitshares to hold someone's payment for gold in the ground as escrow to borrow heros against to pay for mining it is the basic idea.
It's a way to solve the counterparty problem for all sorts of asset backed coins.
There are tons of illiquid assets out there, and using hero technology to secure them is a promising use case.

Successful people quickly recognize when they encounter intractable obstacles and cut their losses.
It's not thinned skin rage, its simple pragmatic realism.


Thanks for the follow up Stan, we do appreciate everything your doing. 

I honestly believe the way Matt presented and pulled out of the Steemit post so quickly left a sour taste for many.  It was near impossible to connect the dots on where the project was headed before he started asking for 50k investments.

No doubt there are cultural mismatches.  No excuse for always assuming the worst about people.  "They'll be time enough for judging, when the dealin's done" - Kenny Rodgers

Kenny Rogers never sang that lyric, unless you intentionally meant to spell his name wrong

18
General Discussion / Re: BlockPay in Serious Trouble
« on: June 05, 2017, 08:09:38 pm »
And another issue... I got this from the state of the network report

"In this weeks Bitshares Hangout, [member=30868]kenCode[/member] and [member=49]onceuponatime[/member] have revealed that Bitshares Stealth utilizing CA (Confidential Assets) is in active development and should be seeing this tech hit the testnet in the next couple of months. Big thanks to [member=49]onceuponatime[/member] who has taken it upon himself to fund the remaining development of Stealth and ensure Ken and the team have the runway required to finalise the project."

Does this mean blockpay is not going to enjoy the benefits from stealth?

19
General Discussion / Re: BlockPay in Serious Trouble
« on: June 04, 2017, 01:38:13 pm »
Something else to note here... One of blockpays largest investors, in fact the largest investor prior to the OPENPOS dilution, has been significantly cutting their stake over the last couple days.

I'm not sure if info about blockpay is being posted anywhere... steemits bitshares-munich account has been silent for 2 months and  kencodes steemint has made no mention of anything either.

Couple that with todays price drop and things seem fishy...

Also, why the hell is the market fee to trade 2%?? That's crazy high...

20
General Discussion / Re: BlockPay in Serious Trouble
« on: May 27, 2017, 02:59:15 am »
I think the solution here is obvious... Time to remove Chris from the equation and redistribute a new blockpay token without Chris.  Ken can do this by creating a new token... Whatever value blockpay had has been destroyed by Chris for what seems no good reason.

I would trust ken, the man who I bought the OPENPOS token from and has shown me real results, over some scammer kid who's Daddy is a lawyer

21
General Discussion / Re: Bitshares price discussion
« on: May 26, 2017, 06:55:58 pm »
Make that 40%

3rd worst performing crypto out of the top 20 over the last week

22
General Discussion / Re: Bitshares price discussion
« on: May 26, 2017, 05:59:43 pm »
Off 30% in the last 2 days... Crashing with the rest of the crypto space.

23
General Discussion / Re: Bitshares price discussion
« on: May 26, 2017, 12:18:11 am »
Hope everyone enjoyed being rich for a week

24
General Discussion / Re: MUSE update ?
« on: May 25, 2017, 03:41:54 pm »
Yeah whats up with MUSE? I put like 24BTC into the crowdsale and now I'm just waiting for like 2 years. or was it more? It looks alive still... sorta.

http://peertracks.com/ -  the website works.

Their twitter hasn't been updated since Oct 2016

Case study from bitsapphire says that its an almost finished product. https://bitsapphire.com/peertracks-case-study/

Muse can be huge, I think bigger than steemit. So what's the holdup? Did they run out of money?

They spent your $65,000 on parties and networking. 

25
General Discussion / Re: BlockPay in Serious Trouble
« on: May 24, 2017, 06:30:28 pm »
I got tired of wondering what's going on with stealth, so I asked [member=30868]kenCode[/member] what the deal is and he said his team resumed work on it some time ago and the public testnet is probably less than a month away.  That was really great to hear! 

Not to mention, apparently libsnark has been replaced by Confidential Assets (CA).  This is fantastic because with CA, transactions are much faster than with libsnark (which apparently slow down transactions by at least 40 seconds).  Also, with CA there is no "trusted setup" issue like zcash and other libsnark implementations have.  Anyone who has followed the "trusted setup" controversy even a little bit knows that it's a big deal.  So this is a very positive development for Bitshares!

https://blockstream.com/2017/04/03/blockstream-releases-elements-confidential-assets.html

Quoted the entire thing because it's that important. Also is it time for a happy dance or do I need to reel myself in?

Why would blockpay, Ken, Chris, and whoever else is in charge over their leave investors completely in the dark about this?  They missed out at a massive opportunity to increase the value of the blockpay token... [member=38926]Chris4210[/member] mentioned in a previous mumble that the purpose of the blockpay token may be changing, what is the status with that?

While it's good to hear that Ken is still working on this, Blockpay investors shouldn't have to hear this "through the grapevine".

26
Openledger / Re: Requesting new Stakeholder Vote:
« on: May 23, 2017, 06:01:13 pm »
with the price rise of OBITS, I think it's about time for a new vote.

1. Keep Buyback and Burn

2. 50/50 Buyback and Burn / Dividends

[member=23432]ccedk[/member] any objections? can you set a vote up?

a pure dividend model makes sense at a much higher price range in my opinion.

Personally I prefer the buyback and burn, since 100% of the profits are used as buying power on the Obits token.  Also it's less of an issue in regards to taxes, since dividends are typically taxed.

Granted ICOO has seen strong price appreciation and that is a dividend based asset.

27
General Discussion / Re: Bitshares price discussion
« on: May 22, 2017, 05:57:31 pm »
Bitshares has grown in value by 2500% over three months.

That's really amazing.

It is .. but what are the fundamentals for this astronomical rise?

I think we could easily x50 with STEALTH in the picture from here ..

Considering that the anonymous coins are outperforming mostly everything, I would say you are correct... We still haven't heard anything out of blockpay regarding stealth or their current issues.  Golden opportunity that was missed by the blockpay team.

28
General Discussion / Re: BlockPay in Serious Trouble
« on: May 21, 2017, 11:27:50 pm »
What is the status of the ongoing blockpay issues?  No update here or on steem.  Blockpay is severely under performing almost all other currencies/assets.  Stealth was suppose to be ready (at least public testing) by now and should have been caught up in the Anonymous coin pump... Huge missed opportunity and very concerning with the lack of updates.

29
In my opinion the worker proposal system is fine the way it is... It is similar to the way many companies compensate their employees, via stock options.  It provides incentive for the developers to do good work and promote the ecosystem.

Startups provide stock based compensation because it works.  It brings in the best talent, because it promotes greed.  Also, it's not like this recent price pump didn't factor in the worker proposal system.  The market knew that the dev's would get a dramatic bump in salary but bought anyway. 

30
General Discussion / Re: The Hero from BitShares Island
« on: May 11, 2017, 02:05:49 pm »
Stan invoking Jesus Christ to incite FOMO...

Pretty extreme even by Stan's standards

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