if we capitalise the D then we would be seen as a dental implement, thank you but the good thing, is it makes sure people spell IDentabit with an A so it works for that reason.

Yeah, the capital "D" is DISTRACTING

You only capitalize the "D" if you are going to actually "abbreviate" the word.  The english is not even correct, what of the translation?  Anyway, good luck, I'm sure that you will be competing with slick marketing models like "Ripple" and "Ethereum" with multiples your market cap for reasons so simple that even a luddite (your target market) can understand.

HOw do you abbreviate the word "identity"?  "identi"  or "identa" ?

Identibit?

Identabit?

WTFabit?

What happened to KISS?  Not "Kiss" (we all know what happened to them)



The "branding" should have been the easy part

What was going to win "VHS" or "beta" ?

The one that didn't sound like a premature (alpha or beta) release of a new tech.

Who cares that beta was better tech.

Quote from: Erlich Bachman on August 12, 2015, 11:40:55 pm

The people at the apex of the banking pyramid desire control, but the other 99 % of the bankers are paid according to how much profits they generate. 

I believe that the current system is utterly corrupt from the top down. In trying to get to grips with the implications of underwun's proposal, I'm trying to comprehend how gaining network effect ahead of the bankers can be achieved whilst preserving core attributes of Bitshares...consensus defined constitutions that ultimately decentralise power.

the banks will end up sacrificing the control they have now.

not "sacrificing" 

"decentralizing"

In order to gain the network effect of decentralized communities (where the individual holds the power), any company must ultimately yeild to the power of the individual in order to participate.  Once they participate, then they can make profits by expanding the network further.  The Bank's power is in their brand name recognition which can lure new users in to the system effectively leveraging the customer base of the larger banks which will of course be more reluctant to integrate.  But once the smaller banks integrate and show profits and begin gaining market share on the large banks, then you can guess what happens next:

The big banks must either publicly fight a blockchain that champions absolute transparency and strict regulatory adherance, or they join in the enevitable evolution of humanity by adopting the modern technology that Identabit made easy for Grandma to use.

You can't fight the light!

And this coin promises to be the most absolutely transparent of all time!

I get that ID = Identification
bit=bitcoin
but what is the "enta"?

Quote from: Erlich Bachman on August 12, 2015, 11:40:55 pm

I thought that the banks desired "profits"

I thought they desired systemic control.... currency control isn't the only means.  You make a very interesting point about the difference between ripple & Bitshares. Also, there will be those who want to profit and will betray the beast. There may even be some good in them.....though I've not felt it's presence!

The people at the apex of the banking pyramid desire control, but the other 99 % of the bankers are paid according to how much profits they generate.  Do you know what the "entry level" banking position is?

Teller?

no

Salesman!

All new tellers are fired if they cannot sell.  All positions are eliminated if they cannot hit their financial targets.

The politicians who accept bitcoins:

are they the top dogs (obama?)

no, they are the 99%

Will Baron Von Rothschild adopt IDentalbit?  hell no, but will his minions defect when they realize that they can keep their jobs for another few quarters by driving customers to DPOS?

In other words, how many lower level bankers do you think are truly willing to take a bullet (give up free money, fame, sex, blow, & riches to take a financial hit for daddy Warbucks?

If you believe your logic, then you think that there is still honor among thieves, and that's OK, but I know thieves, and on average, they are more selfish rather than less as you believe.  But that's ok, you can trust thieves, but I will not, and I will plan my investment strategy under the assumption that bankers would rather keep their job than ensure that their bosses boss gets his next million dollar bonus, but, hey, that's just me. 

Bankers may be the most honorable sacrificial altruistic and noble people willing to die for their collective beliefs that central control must be strictly and exclusively adopted.

But I think that they are just as cowardly and afraid of real free market competition as their bosses, and will act in their own self interest as those whom they serve.

So, no, I still don't believe that all bankers will unite to take a bullet for their bosses.

http://247wallst.com/banking-finance/2015/05/29/a-new-wave-of-bank-layoffs-with-more-to-come/

You might be the honorable type of person to accept the layoff graciously so that your boss can afford his third vacation home, but I'm the type who would rather embrace new technology to hit my profit target to keep my family fed for another year.  We are just different people that's all.

The exaggerated tin foil hat meme that all bankers are collectively evil on all levels and ready to die for their beliefs is oversimplified and distracting from the complicated reality of life on earth.

why would the banks go for it? Surely, they will go with Ripple because it delivers exactly what they desire.

I thought that the banks desired "profits"

you know...money  $$$$

What is it that you thought that they desired?

I'm just wondering why would banks or other big entities go for this over Ripple. Not to mention Ripple is already known and already has deals with some big banks

Because IDentabit has a larger network of users and gives banks a percentage of the transaction costs generated by their own business.  Did you forget about the referral incentives already?

DPOS is profitable not only for the chain owners but for the businesses that use it.

Ripple takes all profits.  DPOS shares them with the big banks.  Why?  Because the blockchain tech is so brutally disintermediating (takes profits from so many middlemen) that the profits can be shared (redistributed) among more of the new players than just the miners or coin owners.  DPOS shares "Satoshi's disintermediating money" with all participants.

So you thought that the banks would be happy working "for" Ripple instead of obtaining a significant "ownership" stake in this new technology.  Silly you...

In a nutshell: DPOS is nore generous with it's profits than Ripple is.

and if you think that banks are more concerned with anything other than "making cash money" as their top priority, then I don't know what to tell you.  Ever hear the phrase "follow the money"?

How soon we forget what motivates ($$$)

Your (financial) incentives have been magically aligned with those of the artist

You are now the artist's Manager (one of many) "magically". 

I guess Satoshi was just a "magician" after all.

ELI5: Muse is like magic beans

http://www.coindesk.com/eris-coo-private-and-public-blockchains-need-to-co-exist/

Yes, none other than the bitMarmot Man himself:

ttp://prestonbyrne.com/2014/08/17/dont-walk-away-run/

Here is his new website:

https://erisindustries.com/

I wonder how much further along in his development process he would be if he had not wasted 6 months of his life bashing BitShares?  Why did he suddenly change his tune? I guess we'll never know.  First he laughed at us, then fought us... now:

Who is getting into crypto now?  People who want to be managers of their own space.

TLDR:  Robotic laws and governance is technological progress because it is scientifically provable to be 100% fair.  Each and every time, certain parts of the law will never change.  This is a human scientific evolution, not a political choice.  Those who know crypto speak future survival in a robotic world tomorrow.

provable

The question is now when will the next few billion fiat bucks hop into crypto and everybody quits bitching about cash because the latest blockchain technology is busy blowing everyone's mind who is not starving.  The Greece thing would have blown bitcoin to mooooooon.  So if a potential Greek bond default leads to a rise in all crypto, and QE bailouts change the golden ratio, then when? 

Hopefully before it's worthless, and I can no longer purchase any bitBalogna

http://bitsharestalk.org/Smileys/aaron/5percent.png

This may not be related, but better get used to seeing the same tech elsewhere as CNX will be licensing the software if BTS 2.0 can demonstrate Graphene's usability.

I hope their phone is ringing off the hook!




Hell yeah, and the bigger Graphene gets, the bigger our development team balloons

We will be curing cancer and shit

A modern day Berkshire Hathaway of accounting:  An accounting company providing service to many companies.  Providing an efficient service at or below current market rate.  Why? because we can operate like this at a profit (for now).

I rue the day our fullpay-scale worker delegate solves the telomere problem we had him working on the past year with zero progress, we had been busting their balls the whole time...

and you're a BTS high ro-la

can't wait to get my hands on these tools!

There is still such an immense value of commodity wealth in the world, and this blockchain accounting business can do anything that accountants & managers of my money can do because who else should manage your money !

and just as I know the value of this money, so do I also know the value of that money as well.  Those who can't see the value of this money can surely not see the value in that money.  bitPorkBellies

BitShares is robotic disintermediation of jobs for humans.  More starving people, that our blockchain will raise funds for, and fewer of us able to accumulate for when we are physically incapacitated.  We need to teach crypto to the masses fast!  We need to reduce regulation and let the small entrepreneur compete based on his reputation alone.  Because the individual entrepreneur cares about the environment when they work from home!  The blockchian is transparent.  Fool us once shame on us.  While there is still some stored wealth in the world, let's spend it on scientific evolution, maybe we can discover cheap energy to keep the party going just a little bit longer.  Money into this public blockchain goes to public works like that, because those will help us survive more sustainably.  Our species survival depends on our cooperation and charity to those who are our slow learning friends who will need teaching.  Someone like whom you know that the computer language called blockchain just sent an industry of hungry humans packing. 

and offer me a greater range of values in which to base my currency choices on.  They always told you to be diversified.  I don't want to own just bitPeanutButter, but bitJelly too.

more value selective currency - free market floats eventually wagging the dog and becoming the "go to" lie detector for global commodity market pricing.  Oops, did we just give that one away.  These are not my ideas, these are my discovery with my eyes.  I did nothing but open them and look ahead at which "western industry destroying financial unemployment social starving disaster" that our "free access to computers for all" right has inevitably brought.  We are at the front of technological discovery.  All our "altruistic" free-knowledge to the "global population."  Individual-rights to "learn whatever you choose" has brought us this choice between perfectly equal austerity and robotic emulation (in order to survive)

9 out of the last 10 times when I was an unemployed entrepreneur working out of my home, I was technically unemployed.

It's not that the jig is up, it's that the accountants, will no longer be needed, and the general service clerks, or the cooks.  China just got pissed that it had to print so much on their turn (every nation cries when it's their turn)(what's a Trillion now a days)(6% of it went directly into Google, why?  Because either people are using Google more or more people are using Google.

Our turn at QE is next, because if we don't print overt QE5, then we really get to see exactly just how much real collateral is in these non-transparent systems when the asset price deflation hits. If it's a headfake before the ultimate deflationary crash, then they will be so far ahead by the time we catch up..Oh, wait, we are already here.  Where are any other low risk currency options besides, fiat, real gold, and crypto(including smart-commodities)?

Crypto encompasses the other 2, and picks up the entire COMEX.
 
Maybe we'll find that the telomere problem was solved long ago!
 
My job got taken by a robot, now I'm broke.  Living in America you never had it that hard, its going to get harder.

https://www.youtube.com/watch?v=7Pq-S557XQU#t=2m16s

Better learn to speak robot.  Now everybody now, this storm is approaching, no one will be spared from the Terminators.  This is the human race vs the mechanical machines.  Ain't nobody got time for humans vs humans no more.  Humans attacking other humans can no longer occur when a superchain is near.

The future is awesome for those who can afford it, so save for a rainy day because when that robot takes all the jobs in your industry, what new physical conditions will you be adapting to over time?


TLDR maybe we can get a job translating for our new robot masters if you can't grow food.

Blockchain is Robot for immutable calculator.  Pity the accountants.  This tech is far too valuable to the corporations to allow government to ban now.  Who is wagging who here, remember?

If it's not BitShares, then it's going to be some other brand that we all will be interested in allowing it to improve our lives.

BitShares is not a revolution, it's an evolution.  Your new robot masters are inevitable as and dependable gravity

in crypto, every free blockchain is a nation which is united under Satochi's global crypto laws of fair and honest value transaction integrity.

And with that rant gentlemen.... may this thread sink into the great abyss...

https://www.youtube.com/watch?v=iko4s3CfBi0#t=13s

"In our next article, we will layout the future of content distribution and rights management. We’ll see how that can benefit content creators and consumers in ways never before possible. Stay tuned."

"stay tuned" until Eddie and Cob make public their revenue model.  Next thing you know, they will be advertising 116,000 TPS.  But it's about freakin time that the record industry started competing for content creators and consumers.  Nice find.

From their white paper:

"A DDRM (distributed digital right management) solution incentivizes legal content usage over illegal content usage by rewarding legitimate exchanges and transactions while discouraging illegitimate transactions.   If the exact same effort is required to interact with content legally versus illegally it is reasonable to assume that people will choose the legal means."


1.
Content provider seeds incentivized data.

2.
Transactions are recorded securely using a blockchain ledger.

3.
Nodes are used for distributing files and reporting distribution.

4.
Consumer helps confirm delivery reporting information.

This system enables the distribution of content that is measured by the demand for the content
and successful fulfillment of delivery requests. This creates an open market for the storage and
distribution of data based on the nature of the content it contains. Content with varying data
requirements can be served by appropriate storage providers who are incentivized
proportionately to demand. All transactions are automatically verified and distributed.

So, yeah Tuck, it looks to me like these guys want to use a blockchain for storing and distributing (music) data (like maidsafe).  Pretty advanced idea, though, I don't see how they are going to pull it all off exclusively (without a centralized website for flow) in either a light or heavy wallet or client software.  Cob realizes that he needs Peertracks as a centralized front end, but if the byzantine team can create a decentralized blockchain for music storage/delivery, then we could fork it and then we would have a blockchain not only for consumer fun coin trading, but for the artist's music as well.