XCP guys seem to be rather hardcore. They're finally hiring someone for PR and decide to just pay it out of their own pocket rather than explicitly asking for community funding.

makes sense.

http://venturebeat.com/2013/06/06/apple-files-imoney-patent-for-virtual-currency-digital-wallet-and-free-stuff/

Here a small explanation of Proof of Burn with a link to a larger wiki.

http://www.economicsofbitcoin.com/2012/12/the-economics-of-avoiding-real-resource.html

With proof of work you waste energy for no other reason than proving commitment. Proof of Burn doesn't consume energy. The 2124 BTC that were 'burned' weren't wasted: their value was distributed amongst all bitcoin holders. (thanks to Counterparty your BTC is now worth 0.017257947% more)

Apart from that it is a way of 'investing' in a concept without needing to trust the developer. If the Mastercoin team had decided to make a run for it they'd all be left with a villa on the Caymans. If the Counterparty team had decided to make a run for it they'd be left with 5000$ in change and the 'best prank in the universe' award.

Yes, it paid a dividend to BTC holders but how does paying a dividend to the BTC holders help either the developers of Counterparty or the new stake holders of Counterparty?   

It did not. I think its the lesser evil. It did however make possible a fair IPO. It also negotiated the risk of scamming by the dev team and it was a well executed test of faith for the investors. I burned 80$, but some burned ten-thousands. Now that takes balls.

@clout: its already functional but not finished and not yet user friendly (command line only, GUI eta 2 weeks)

EDIT: On my way to the loo I realized the burning of 2124 BTC has a ritualistic touch to it. I sacrificed part of my wealth for something that I believe in. Others will infer that no sane person would make this sacrifice unless they really believed they had something to gain from it. This significantly increases the credibility of the project. Benefiting both zealots and developers since donations will pour in as the project becomes more popular.

If someone could front the 300.000$ for a 100KW turbine I'm sure Freetrade will gladly offer his backyard. MMC would be the first sustainable cryptocoin.

Not a typo but still. The windmills portrayed on http://invictus.io/keyhotee.php are the windmills at Kinderdijk, Netherlands.

A more historically correct (and more relevant) photo would depict the windmills in La Mancha, Spain.

for example:

http://blog.davidmcguffin.com/wp-content/uploads/2011/06/IMG_0901-300x224.jpg

My 3 cents:

Start is good, gripping and comprehensible (the part that ends with the blue Invictus Cube). Afterwards it gets messy. You are trying to squeeze far too much into a 1 minute video.
What follows are 3 seemingly unrelated and unexplained topics (Dacs, Bitshares and Keyhotee) in a completely different style of design, glued together without a 'bridge'. You can't explain Invictus, Dacs, Bitshares and Keyhotee in 60 seconds of video. Accept that.

Since the start is so completely awesome, I think you should stick with it. Don't make a cut after the blue Invictus cube stops rolling at 0:15. Fade the text out and let the cube continue to roll to the left. Put a keyword on every corner until you arrive at Bitshares (make the cube stop again, zoom in and put some text next to it). Let it roll again in the same fashion until you arrive at Keyhotee (stop, zoom, text) Let the cube continue to roll whilst zooming out, showing the three cubes, the path they took and how they relate to each other.

A 60 sec. video like this serves just one purpose:  to make people listen to what you have to say. You can explain it to them afterwards. You're trying to communicate a new world order here and trying to put everything into a 60 seconds video is like trying to cram the King James Bible into a radio commercial.

So, I think the start is absolutely beautiful and you should continue the video in the same fashion.
May this criticism be of use and if Gregory would be kind enough to supply me with his PTS address I'll tip him 2 pints of beer and a bowl of peanuts.

Following up on the rubber vagina's on FTC's marketplace and the Dominatrix on Litecoin's marketplace, I think we have a good 3rd 'Most worthless crypto product of the 21st century' contender here.

Remind me of actually making that website.