There's still a proper update vetted by cedric/eddie coming but some of this speculation needs to be addressed:

* There is still a blockchain. We will gradually increase the size of test net iterations until it's at a point where we start preserving balances and/or state across version. That's a summary of what all we want to reveal until we have more information after midem.
* Notes will still have voting power and will try to capture income.
* Eddie is still on the team and is the main reason the project is worth anything IMO.
* The *secret sauce* is a centralized monetization strategy for a service which DAC cannot supply directly. It shouldn't be an excuse for anything.

The operating system analogy will be much better once there is any kind of onchain scripting. Ethereum is the only working thing that looks anything like an OS, maybe codius

I just talked to cedric about the need for another update specifically to discuss the roadmap, maybe during or before midem. We will also probably release at least a summary of what we said to the public at midem.

Quote from: clayop on May 25, 2015, 01:31:38 am

Quote from: toast on May 25, 2015, 12:41:50 am

Quote from: clayop on May 25, 2015, 12:35:05 am

Should we ask Bter and Btc38 to add NOTE?

Disclaimer: I'm not afraid about speculators

Sure, you can be the official liaison who helps them coordinate all the subsequent migrations they'll have to do

Did you mean mutiple snapshots?

I read it as, "Go ahead but it's a premature move that will result in more work than it's worth down the road so be prepared to field that mess too".

 

Multiple snapshots are possible but obviously not desirable. We will make an update outlining the roadmap for notes and associated blockchain(s), including which components are undecided.

and by the way I have also another concern..

When will the expired short orders will be filled and the BTS collateral will be released? Are these filled in order of expiry when someone is buying Bitusd at price feed? Does this mean that in order for all the expired orders to release collateral bitusd should fall below usd? What happens if bitusd never falls below usd because of small orders above the bitusd usd peg? Will the collateral from the expired orders remain blocked forever? Can I cover my self one of my expired order somehow?

You should be able to manually cover expired orders with no regard to other bids on the market

Go ahead

There is a market for liquidity that we have yet to tap into.  Do you want a piece of it or not?  This proposal is all about taping into this LIQUIDITY market.  Because up until now we have decided not to participate.  Your competitors are participating, so I suggest that we do as they are doing.

I actually suspect the currency market might be better without traders, and supported by issuers with an income motive.

Yes.. Good thing nubits didn't get sufficient momentum to steal this before having to deal with economic realities. Someone is going to eat your lunch and have easy instant crypto usd, cny, and gold.