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Messages - bitcoinba

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76
Muse/SoundDAC / Re: Website name. Brainstorming
« on: April 30, 2014, 05:41:52 pm »
I thought this project had a name: Zenith Music ?  Did something change?

77
General Discussion / Re: Email service DAC for the use by other DACs ?
« on: April 29, 2014, 02:30:48 pm »
Keyhotee?

78
To stick with the DAC paradigm..

thoughts?

https://en.wikipedia.org/wiki/Credit_union

I think you are on the right track. This  actually a very interesting way to describe it.

This part is intriguing (from wikipedia):

"Not-for-profit status

In the credit union context, "not-for-profit" is not the same as for a "non-profit" charity or similar organization.[19] Credit unions are "not-for-profit" because their purpose is to serve their members rather than to maximize profits.[20][21][22] But, unlike charities and the like, credit unions do not rely on donations, and are financial institutions that must perforce make what is, in economic terms, a small profit (i.e., in non-profit accounting terms, a "surplus") to remain in existence.[23][24] According to the World Council of Credit Unions (WOCCU), a credit union's revenues (from loans and investments) must exceed its operating expenses and dividends (interest paid on deposits) in order to maintain capital and solvency[25] and "credit unions use excess earnings to offer members more affordable loans, a higher return on savings, lower fees or new products and services".[citation needed] WOCCU's position is deeply rooted in global credit union history. F.W. Raiffeisen, the founder of the global movement, wrote in 1870 that credit unions "are, according to paragraph eleven of the German law of cooperatives, 'merchants' as defined by the common code of commerce. They accordingly form a sort of commercial business enterprise of which the owners are the Credit Unions' members""

Bytemaster, considering the above perspective could you see all DACs then defined as (of course for conversation sake) "not-for-profit"?


79
General Discussion / Re: MaidSafe IPO on Mastercoin
« on: April 22, 2014, 03:27:48 pm »
""Representatively fair"?  The implied exchange rate between MSC and BTC was very clear.  If you can't do the math, it's your own fault.

I feel bad for MSC buyers who got stuck with them.  They are the ones who got screwed here.

Fortunately, I did not partake in this little charade, but now I understand why the AngelShares/BitShares fundraiser/IPO was so convoluted, with a set amount sold per day in an "auction" format.  It may have been hard to understand at the time, but now I see the wisdom of it."

From: https://bitcointalk.org/index.php?topic=577149.200

80
Just wanted to point out this job fair.  It's May 3rd in silicon valley for people looking for jobs in the bitcoin industry.

http://bitcoinjobfair.com/
http://www.coindesk.com/silicon-valley-job-fair-match-bitcoin-professionals/

It seems to me like getting the message of BitShares out to potential developers like people looking for a job in the industry could be even more important than getting the message to typical investors.

Maybe an idea to have a presence at this job fair?  Even if you don't find someone to hire, it might not hurt.  just a thought.

 +5%


81
It was weird. There was nothing substantive at all. It was like they woke up on the wrong side of the bed that day and decided to badmouth bitshares. I really like LTB but that episode was super sketchy. Kind of disappointing.

1 - Sovryn Tech is not Let's Talk Bitcoin, or on the LTB network.

2 - At Toronto the whisper was "Mastercoin is preparing to pay a big fine for taking less than a million USD in fundraising, and if they had taken more than 1 million it would be not possible to pay the fine and instead has harsher repercussions"  - Nobody wants to cause a panic, I suspect Brian was hedging his bets so if something happens to invictus he can say "Well I warned you" but not lock himself into saying the sky is falling if nothing winds up happening.   This message is definitely being stoked by the Ethereum people who feel it is a competitive advantage to have set up in Switzerland with whom they have good government contacts.

The problem with Bitshares is they started selling a product before they had one, and have had no problem taking money all along the way promoting whatever is currently being worked on.  As such, there are many people who feel they were sold a false bill of goods.  Those people can upturn the apple cart pretty badly if they sue Invictus, which will make the project very difficult to complete.

The problem of course with Invictus is there is no escape valve for the funds invested in the venture, so they don't care about investors. They already have the funds.  They just want to be left alone to work, which would be fine except they're still taking time to promote and network and pivot the vision based on what they think is right, but it's very seat-of-the-pants and makes me nervous. 

Mostly though, I think a lot of us feel like we are trapped.  Whether in PTS or AGS, selling now is to your detriment and Invictus can keep this up for as long as they want, individual supporters have no option but to wait.

Hey Adam, do you have a link to the Mastercoin issue? I don't really understand that quote.

82
Maybe they could post on here what they were concerned about? So we can have a constructive discussion.

 +5%

84
General Discussion / Re: Let's Talk Bitcoin: Too Many Coins?
« on: April 05, 2014, 06:12:53 pm »
Pull yourself together community. This is clearly our loss. And even if this instance wasn't our fault, we might as well assume that it is. Ethereum has almost 30 meetups across the globe. We have none. Just contact him ASAP as Adam suggests, and keep up the work to grow our community and improve our presence.

You'll notice that there are almost no one in the Facebook group linked to in the article who has any real understanding of Bitshares. I am sure Adam has noticed such things in many other fora, and this is why we keep pointing this out.

 +5%

85
General Discussion / Re: Draft Talk for NYC [VIDEO]
« on: April 03, 2014, 02:19:16 pm »
'I agree with IRS' - that should go down well :D

Its very interesting how you explain Bitcoins. In your view if you have to design a currency how would you go about it? Or, since as you said, anything can be used as a currency, you wouldn't bother?

I think this quote is something you should take note of. It is made by an active member.
May be you should consider promoting the golden goose more than knocking bitcoin. Obviously this is a criticism but not meant in a harsh way. You speak well and with authority over your subject, however, you are their to make friends (investors, players) and catch some publicity. 

Most of the people you will be speaking to will be heavily invested in bitcoin and wont want to hear it knocked despite your points being correct. If i was you i would be using the time to explain what bitusd can do and then telling people if they what to learn more to visit the website.

If you still feel its necessary to knock bitcoin then at least point out that it still has the properties of gold as a store of wealth and is easier to transport. There was a quote on Bloomberg recently saying if bitcoin took 10% of the gold market it would be worth 100 times its current value. Now, if that's what bitcoin could be worth without the ability to be used easily as a currency what could bitshares be worth with the ability to carry out evey day transactions in bitusd?

however you decide to play it, good luck.  I wish i could b there.

 +5%

Just a thought;

The potential issue I see is that you risk  that the majority of the audience will only hear "bitcoin competitor". I believe that the criticisms of bitcoin may be accurate, however I just do not believe that the majority of those who are listening will be able to fully grasp and appreciate this perspective. 

In my opinion use the positive points of Bitcoin to position Bitshares as a compliment to it that can only improve the ecosystem by adding stability and functionality that is needed in the market.

86
General Discussion / Re: Beyond Bitcoin Reddit (update)
« on: April 02, 2014, 12:52:50 pm »
This event has been postponed unless we can find a partner in the industry to take over running it.  With the recent events in Bitcoin we felt the ROI was too risky and would take away from a more effective internet effort using the same resources.   Brian is preparing an official announcement soon.

 +5%

87
General Discussion / Re: A Call to the Truthcoin Prediction Market
« on: April 01, 2014, 03:32:17 am »
So Paul (or Bitcoinfan),

What would you need to roll your project into Bitshares assuming Bytemaster agrees to said needs?

I have a genuine interest in the develop of this type of business on this platform. Feel free to use PMs if the forum venue is too public.

I just think it would be valuable to know exactly it would take to get to the next step, and see what you and other potential DAC developers really want in order to combine forces.

88
General Discussion / Re: Decentralized Autonomous Jedi Mind Tricks
« on: March 30, 2014, 02:48:03 pm »
Sorry guys I'm not getting it.
What is this post supposed to say?

We should call a DAC a DAC?
A long explanation why we shouldn't use mining?
Or is it just a way to explain The DAC concept?

 +5%

89
General Discussion / Re: Profits, Performance, Trust & Efficiency
« on: March 30, 2014, 02:58:02 am »
We are certainly entering overkill range at this point, but what the hell?

Block Agent
Secretary
Block Administrator

90
General Discussion / Re: Profits, Performance, Trust & Efficiency
« on: March 29, 2014, 10:39:01 pm »
"A notary is a lawyer or person with legal training who is licensed by the state to perform acts in legal affairs, in particular witnessing signatures on documents. The form that the notarial profession takes varies with local legal systems.[1]"
http://en.wikipedia.org/wiki/Notary

I don't think this is a good choice. In the US notaries are relatively innocent and provide a basic function, however outside the US in some countries they act as government officials and wield an enormous amount of power.





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