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Messages - Shentist

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31
thanks dan for your thoughts.

call me naive, but i believed this stuff "we had to sell for pay our staff " thing etc. so i didn't considered this
kind of ANN on April 1.

sorry, maybe you know more, because you get more information from the inner circles, but for me as an outsider it was not a well placed move. If i had BTS as an interest i would have done it differently, i think we as a community deserved better.

not one big move was discussed openly and we just had to swollow anything. Maybe it is a good thing that now new blood is stepping up, but it will cost 1-2 year time for adaption. i didn't see this happen.

32
All you naysayers are just pissing in the wind, while the others are building better ships.

It's been the same way for a long time now, a handful of visionary giants being dogged by a gaggle of myopic treasure hunters who should have never left shore, but simply invested in Apple stock and sucked down more diet coke while watching the 10 o'clock news and imagining themselves to be masters of their own destiny.

Ranting here about how you were victimized while backing a project on the bleeding edge of human imagination is just pathetic.

Some people build ships that cross oceans with their bare hands... and some passengers take masochistic delight in lamenting how their ship hasn't yet arrived in the promised land and that the ocean is vast and filled with terrifying mysteries, but the blame is never with them, always with some other hand controlling their fate, the captain, pirates, or the ocean itself.

Once upon a time the whole lot of you would be keel-hauled.  Nowadays you have the luxury of stinking up the decks with your own vomit.  Let's see where that gets you.

i found this story in my fairytale book:

It was promised to build a great ship, but the builders needed more funds to make their dream a reality. So they looked for supporters and donors and took their funds with the promise to build this great ship. Many of these people believed in this vision and invested their own money in this project.

- so the first ship was built it worked and many of the builders started to build their own ships and promised to give the investors portions of everything they will find

- the headbuilder then decided to destroy all other ships and make a bigger, greater ship, because it would serve as a one unity better then more smaller ships
- the investors could just follow, because the believed the whole project would be fall apart without the headbuilder

- so the great ship got bigger and some investors started to build some attachments to it BUT then

- the headbuilder suprised everyone that he and his friends built a better ship in secret and left the first, great ship behind
- the attachment builders where left behind, because nothing the builded worked with the new ship
- the new ship was not for free, the investors gave up their promise to get 10% of everything, because the headbuilder argued he build the second ship on his own

- many things where promised and everyone where exited again, BUT
- many advantages got chanceled because of time

- after it was clear that nothing will be done in the future without the approval of the community, the headbuilder left the project, because the ship was "ready"
- he builded "again" a better ship, but this time he left most of the investors behind and took some friends with him.

"You are better on your own, everything is ready nothing is left i promised, so i want to do new things"

- the people on the second shipped realized that most of the stuff of the headbuilder left in secret from the cargo. More and more people left the second ship, some swam to the third ship, but most took the rest they had and looked for better builders outside, because they wanted to be a part of something special, but could
not build on their own.
Parts of this story sound familiar, but one glaring fallacy is "most of the stuff of the headbuilder left in secret from the cargo". Steem doesn't compete with BitShares: as has been pointed out already, it only supports trading its own fixed set of assets (Steem and Steem-backed dollars).

There's also the implicit fallacy that no one else but the "headbuilder" could upgrade the ship. BitShares is an open-source project and there are plenty of people capable of updating the BitShares code base. SVK continues to do wonders at advancing the web wallet. One of the original developer's of the blockchain code, Nathan, is working on integration with it now. BlockTrades is also supporting the code base (we developed the peer-to-peer networking code it uses and we just recently fixed an issue in the memo encryption code).

It's true there's not a lot of working going on in the core code right now, but that's mainly because we think adding support for more tradeable assets and improvements to the UI are higher priority tasks at the moment than adding new features to the blockchain code. Nevertheless, there are plans to add some new features to BitShares: we're starting to work now on a mechanism for paying dividends to UIA holders via new operations as an early part of the peerplays effort.

hi dan,

with "cargo" i meant the sold BTS in secret for month.

It is true that many people can take over, but do you really believe that when Vitalik would leave ETH it will not hurth the market and the potential of ETH? People would look into his new "baby" and would ETH leave behind, because they would suspect it will be much better then ETH.

In my eyes the core founder leaving BTS activly behind is just killing for 1 year at least.

33
All you naysayers are just pissing in the wind, while the others are building better ships.

It's been the same way for a long time now, a handful of visionary giants being dogged by a gaggle of myopic treasure hunters who should have never left shore, but simply invested in Apple stock and sucked down more diet coke while watching the 10 o'clock news and imagining themselves to be masters of their own destiny.

Ranting here about how you were victimized while backing a project on the bleeding edge of human imagination is just pathetic.

Some people build ships that cross oceans with their bare hands... and some passengers take masochistic delight in lamenting how their ship hasn't yet arrived in the promised land and that the ocean is vast and filled with terrifying mysteries, but the blame is never with them, always with some other hand controlling their fate, the captain, pirates, or the ocean itself.

Once upon a time the whole lot of you would be keel-hauled.  Nowadays you have the luxury of stinking up the decks with your own vomit.  Let's see where that gets you.

i found this story in my fairytale book:

It was promised to build a great ship, but the builders needed more funds to make their dream a reality. So they looked for supporters and donors and took their funds with the promise to build this great ship. Many of these people believed in this vision and invested their own money in this project.

- so the first ship was built it worked and many of the builders started to build their own ships and promised to give the investors portions of everything they will find

- the headbuilder then decided to destroy all other ships and make a bigger, greater ship, because it would serve as a one unity better then more smaller ships
- the investors could just follow, because the believed the whole project would be fall apart without the headbuilder

- so the great ship got bigger and some investors started to build some attachments to it BUT then

- the headbuilder suprised everyone that he and his friends built a better ship in secret and left the first, great ship behind
- the attachment builders where left behind, because nothing the builded worked with the new ship
- the new ship was not for free, the investors gave up their promise to get 10% of everything, because the headbuilder argued he build the second ship on his own

- many things where promised and everyone where exited again, BUT
- many advantages got chanceled because of time

- after it was clear that nothing will be done in the future without the approval of the community, the headbuilder left the project, because the ship was "ready"
- he builded "again" a better ship, but this time he left most of the investors behind and took some friends with him.

"You are better on your own, everything is ready nothing is left i promised, so i want to do new things"

- the people on the second shipped realized that most of the stuff of the headbuilder left in secret from the cargo. More and more people left the second ship, some swam to the third ship, but most took the rest they had and looked for better builders outside, because they wanted to be a part of something special, but could
not build on their own.


34
General Discussion / Re: State of Stealth ?
« on: May 23, 2016, 04:37:24 pm »
In a nutshell:

BM's team delayed work on STEEM to build Stealth for Onceuponatime.
They completed that effort as specified.
They concluded that more work would need to be done to make it truly usable by the public (i.e. profitable).
BM refunded what Onceup paid (ate the cost of development himself) and received the useless tokens in exchange.
Onceup arranged with BitShares Munich to buy BM's tokens and finish the task with their own funds.

i don't get this point. i thought bytemaster worked alone on steem?

in hinside it looks to me that way

- STEALTH is not working and will never work that way it was promised!
- i think @tonyk s points are right. It is just a false feature to get the prices longer elevated.

35
General Discussion / Re: State of Stealth ?
« on: May 22, 2016, 05:56:53 pm »
i do not understand. so when oneuponatime didn't paid for stealth who did it? dan from his own pokets?

I think to compensate onceuponatime for his "loan" he was in Dan's words: "well taken care of" (read: included in the inner circle, advance notice of Steem, etc.). Seems that the devs and their inner circle spent the so-called delayed months caused by the Stealth development to heavily dump most of their remaining BTS from various large accounts.

would love to hear what "really" happened fromb @bytemaster or @onceuponatime , because i was under the impression, that he paid for the STEALTH and was not aware of the reversed FBAs to Bytemaster.

So, from the allocation right now, Bytemaster is the biggest holders of the FBA STEALTH.

36
General Discussion / Re: State of Stealth ?
« on: May 22, 2016, 04:33:22 pm »
i do not understand. so when oneuponatime didn't paid for stealth who did it? dan from his own pokets?

37
General Discussion / State of Stealth ?
« on: May 22, 2016, 06:34:03 am »
i would like to ask 2 questions

1. is stealth now working for "normal" people on the GUI?
2. the distribution of stealth http://cryptofresh.com/a/STEALTH seems akwared. i thought all the funds are holded from onceuponatime and not dan?
did i miss something?

38
in general the idea is good, but why only 20% of the crowdsale is going into the buying of ICOs?

i am better of on my own.

39
General Discussion / Re: METAFEES owners discussion
« on: May 21, 2016, 07:51:25 am »
just a headsup guys!

if you are wondering why not all pairs available on metaexchange.

Paul and i decided to close the service. we will now convert everything into BTC and then will start to buyback the outstanding METAFEES.

We expect to need a couple of days to finish the sells and then we will share more information what will happen in the future with the funds
of the liquidity pool. If you look into the last buyback reports you can expect a good return for your investment.

cheers
shentist

I've never fully understood how the buybacks work.

What do I have to do to ensure I get my METAFEES bought back? Put up an order at a certain amount? Wait until buyback day and see how high the price spikes and try to time it right? What's the best strategy here for somebody whose clueless?

don't worry! we will publish more details in the future.
we are now in the process and convert all pool holdings into BTC. this will need a couple of days, we want a good exchange rate. after this we will just buy every METAFEES back with a fix rate.

to get a feeling where this rate will be take a look into the last buyback reports https://bitsharestalk.org/index.php/topic,20150.60.html
last month the NAV of the pool was 38 METAFEES each BTC. We will publish the exact rates after we could convert everything into BTC.

Thanks so far for your support!

40
General Discussion / Re: METAFEES owners discussion
« on: May 20, 2016, 06:37:35 pm »
just a headsup guys!

if you are wondering why not all pairs available on metaexchange.

Paul and i decided to close the service. we will now convert everything into BTC and then will start to buyback the outstanding METAFEES.

We expect to need a couple of days to finish the sells and then we will share more information what will happen in the future with the funds
of the liquidity pool. If you look into the last buyback reports you can expect a good return for your investment.

cheers
shentist

41
General Discussion / Re: The DAO price discussion thread.
« on: May 14, 2016, 08:53:56 am »
i think i'll pass .
I have much nightmare about putting my money on programmers and let them spend it to invest on something they thought was cool .   :P :P :P

AGS/PTS/JL777 .......

i think your understanding of the DAO is not clear.
at the moment the DAO is in creation phase and after the creation is done, anyone can make a proposal and get funded. this will be probably done first
from slock.it, because they are the creators of the smartcontracts the DAO is using.

if you want your ETH back you can everytime split and your ETH is returned to you, so it much less risk then with AGS, JL777, ETH or any other crypto project so far.

Hmm......So that means DAO's token price will certainly higher than or equals the marketcap of the Ether it holds ? 
And as long as we assume Ether can not go lower ...... investing in DAO will have no chance of losing money but winning as long as not much money are spent in the fund ?

Sounds like too good .......If that's the case , it explains why people who were not selling their Ether in the first place is now investing crazy in DAO ......because they can purely bet on the token price of DAO before significant money spent from the fund without any risk ?

It just sounds too good .

as far as i know you can only split form the DAO if a vote is done and you do not vote. if you vote yes or no you will hold your DAO and got the rewards from the proposal. personally i think this will be a upgraded and better version of our worker proposals.

in short you are still in control of your ETH as long as they are not spend. in my eyes this is really the first DAO ever published. now over 13.000 accounts pooled 94 million USD and the creationphase is running for 14 days.

42
as far as i see the crowdsale is going slow. how long will tier1 and tier2 run if you not sell everything?

- and what will happen to the remaining PEERPLAYS from this tiers?
- how much do you need to start this project or will it start with or without this ICO met his target?

43
General Discussion / Re: The DAO price discussion thread.
« on: May 14, 2016, 08:17:21 am »
i think i'll pass .
I have much nightmare about putting my money on programmers and let them spend it to invest on something they thought was cool .   :P :P :P

AGS/PTS/JL777 .......

i think your understanding of the DAO is not clear.
at the moment the DAO is in creation phase and after the creation is done, anyone can make a proposal and get funded. this will be probably done first
from slock.it, because they are the creators of the smartcontracts the DAO is using.

if you want your ETH back you can everytime split and your ETH is returned to you, so it much less risk then with AGS, JL777, ETH or any other crypto project so far.

45
I read some replies above and i had misunderstanding of tiers and value of solcerts too.
I need to have refund my BTS.
There are no rest time to wait till crowd sale ends.
I have sent 292,465.60358 BTS on March 26, 2016, 6:45:24 PM.
Waiting reply.

are you not a little bit to late? your period is already over for weeks. They are already in the next phase.

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