151
General Discussion / Re: BitShares X Status Update
« on: April 20, 2014, 10:35:06 pm »We are testing now and have working transfers. Working toward your goal of being liquid ASAP.Great!
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152
General Discussion / Re: BitShares X Status Update
« on: April 19, 2014, 01:02:03 pm »No, I don't know my returns are gonna be huge, especially calculated in BTC. There are a ton of reasons why this can end up not be the case, the world is a very complex place, it's not because some smart people tell you they are gonna change the world and make you rich that that will actually happen.The biggest problem right now is the 28 Feb snapshot. As we get farther away from the date, it keeps looking worse (and is generating a lot of heartache amongst investors) and creating more pressure on Dan and co.Yep, it really annoys me.
Having value trap in a black hole during an undetermined period of time was not part of the deal. Having value stuck is reeeeally annoying, especially in the cryptospace where things move very fast. If I didn't mind having my value be illiquid I would have buy more AGS, my portfolio was skewed toward PTS for a reason.
Is having your AGS being illiquid for 2-3 months really the end of the world? You know your returns are going to be huge once the product is released. The only thing Im annoyed about is that I didnt donate more.
Like I said if I don't mind having value illiquid I would have buy AGS instead of PTS. But I bought PTS, and my value is illiquid. That's really annoying.
Stan your parents probably responded to you "yeah soon" even when that wasn't true, but your investors are not person that you should feel comfortable treating like child.
Beside that, it raises the question: how have you end up underestimate so much the time you needed? Did you really think you could do in 15 days (February 28th => Ides of March) something you actually cannot do in maybe 45+ days? Should we always mentally triple the time when you speak about something in the future?
153
General Discussion / Re: BitShares X Status Update
« on: April 17, 2014, 07:46:51 pm »The biggest problem right now is the 28 Feb snapshot. As we get farther away from the date, it keeps looking worse (and is generating a lot of heartache amongst investors) and creating more pressure on Dan and co.Yep, it really annoys me.
Having value trap in a black hole during an undetermined period of time was not part of the deal. Having value stuck is reeeeally annoying, especially in the cryptospace where things move very fast. If I didn't mind having my value be illiquid I would have buy more AGS, my portfolio was skewed toward PTS for a reason.
154
General Discussion / Re: BitShares X Status Update
« on: April 15, 2014, 02:30:36 pm »Interesting fact: when a product/project is delayed, the probability of further delays increases. The more time past without a release since the initial deadline, the more the probability of an actual release decrease.I3 gathered tons of money from investors,then what?I CAN'T SEE ANY SOLID PRODUCT RIGHT NOW.
DELAY AND DELAY AND DELAY AND DELAY.
infinite DELAY..
TIL that 1 month=Infinite.
Sent from my SCH-S720C using Tapatalk 2
Source: Taleb in Black Swan.
155
General Discussion / Re: What would recommend your bum-friend to do with $1000?
« on: April 11, 2014, 04:54:05 pm »BTC isn't perfect and it's normal that wannabe competitors shed light on its shortcoming. But when you step back you see that BTC is still a wonderful force of freedom and will change the world for the better. How people in the cryptocommunity can end up downplaying Bitcoin is beyond me.BTS is highly speculative, BTC isn't. BTC is the surest way to become really rich. BTC is by far the core position in my cryptoportfolio, I would give him an advice that I follow for myself.I would say him to buy at least 1 BTC with his 1000$. By 2020 he sould be fine financially.
Why tell him to invest in BTC? He should invest in BTS or BitBTC when the time is right.
I sincerely disagree. There is great potential for Bitcoin's value to drop heavily as new communities form around other "altcoins"--especially ones with vision (like BTS). Bitcoin is a highly centralizing force now and mining equipment, aside from being expensive, serves only to create a new block of "elites" who rule over the rest of those who did not get the first-mover's advantage.
Add onto this the IRS ruling and their taxation of coins mined into existence, and you begin to see a scene that begins to look a whole lot like the banking cartels did...only 2.0. This does not bode well for Bitcoin's price moving forward...as long as the communities are honest with themselves and do not let greed override their own good sense. We must remember not all "profit" can be quantified with numbers...sometimes it is worth far more to us individually to sacrifice the numbers on a screen for something of substance in the real world. That is where true value grows organically and self-perpetuates.
I personally only buy Bitcoin so I can invest in Angelshares, nxt, peercoin and other projects that make me believe we can change the world for the better. If I lose "money" in the end, but the infrastructure enables the production of free energy, near-free food production and freely shared entertainment...then I say f the money---I'll be richer than I've ever known!
Far better to be a citizen in a world of plenty than a King in a World of Ash.
Also I don't understand how Bitcoin end up being associate with greed since Satoshi do what he did during his free time and probably destroy his keys, meanwhile every other altcoin developpers explain how they need incentives to make the world a better place.
The truth is their is no competition between Bitcoin and others. Others compete between themselves. Nobody will invent the currency of the future, the currency of the future was released on January 3rd, 2009. I think I3 have a shot to revolutionnize the world too, but it won't be by overthrowing BTC, but by making BTC better and more useful, and do stuff BTC can't do.
156
General Discussion / You should read this
« on: April 10, 2014, 02:00:26 pm »
https://bitcointalk.org/index.php?topic=563925.0
Basically the idea is to fork Ethereum and distribute it to BTC owners.
This is the same idea why I3 explain 3rd party dev should honor AGS/PTS: to maximize the user base. And if they don't want to, we fork it and do it anyway.
But BTC holders >>>> PTS/AGS holders. So basically I3 will loose that game.
Peter R's idea is genius. That will change the crypto landscape forever. Note that BTSX and any DAC that I3 will produce can be forked and be distributed to BTC holders. If I3 was right about user base = value, then that idea is a game changer for every body.
Basically the idea is to fork Ethereum and distribute it to BTC owners.
This is the same idea why I3 explain 3rd party dev should honor AGS/PTS: to maximize the user base. And if they don't want to, we fork it and do it anyway.
But BTC holders >>>> PTS/AGS holders. So basically I3 will loose that game.
Peter R's idea is genius. That will change the crypto landscape forever. Note that BTSX and any DAC that I3 will produce can be forked and be distributed to BTC holders. If I3 was right about user base = value, then that idea is a game changer for every body.
157
General Discussion / Re: MaidSafe IPO on Mastercoin
« on: April 09, 2014, 11:46:17 pm »4) How can you increase the value of a token without also having the services paid for with that token become more expensive (for example storage)?Yeah they seem to not provide any explanation on why their coin will have any value. They basically have no business model.
I don't see why one should give them BTC or run a node to have a worthless coin.
158
General Discussion / Re: BitShares X Status Update
« on: April 09, 2014, 07:39:44 pm »
So now that NYC is over, when BTSX will be make liquid?
159
General Discussion / Re: What would recommend your bum-friend to do with $1000?
« on: April 09, 2014, 03:52:47 pm »BTS is highly speculative, BTC isn't. BTC is the surest way to become really rich. BTC is by far the core position in my cryptoportfolio, I would give him an advice that I follow for myself.I would say him to buy at least 1 BTC with his 1000$. By 2020 he sould be fine financially.
Why tell him to invest in BTC? He should invest in BTS or BitBTC when the time is right.
160
General Discussion / Re: A Call to the Truthcoin Prediction Market
« on: March 31, 2014, 02:44:10 am »I think I need to clarify something very important. Decentralization is a means, not an end. I want to create an entire video addressing this concept because decentralization is kind of a religion that has taken on a life of its own and become an end to itself.There is a good blog post on that subject, that's worth reading it : http://bitcoinism.blogspot.fr/2014/03/decentralized-applications-its-time-for.html
161
General Discussion / Re: A Call to the Truthcoin Prediction Market
« on: March 31, 2014, 02:37:44 am »
This is very interesting.
162
General Discussion / Re: What would recommend your bum-friend to do with $1000?
« on: March 30, 2014, 07:55:29 pm »
I would say him to buy at least 1 BTC with his 1000$. By 2020 he sould be fine financially.
163
General Discussion / Re: Profits, Performance, Trust & Efficiency
« on: March 28, 2014, 10:41:58 pm »
What's the difference between this method and the transparent forging of NXT? That's looks very similar.
164
General Discussion / Re: Contingency Planning?
« on: March 26, 2014, 08:01:10 pm »
I agree that BitsharesX is not striclty speaking a prediction market.
I think it can be more accuratly defined like a decentralized bucket shop.
I think it can be more accuratly defined like a decentralized bucket shop.
165
General Discussion / Re: 20 % for AGS/PTS? Graded alternatives?
« on: March 25, 2014, 11:05:47 pm »If one of the I3 DAC is a big succes, then AGS owners will be see like "rich guys" by the crypto-community. Give them free shares instead of give theses shares to "poorer people" may end up being a very bad PR move.I imagine that people might refuse to honor AGS/PTS if they don't need anything from I3 and the comunity (no funding, no consulting with Dan, ho office space, no marketing/exposure) and just use the open source Tapos code and other Tools.
The AGS/PTS community could fork their appraoches which would be an arguement to honor PTS/AGS. But if a lot of developers take the TaPOS code and fork it the community might have a hard time re-forking all of their specific applications. Then 20% might feel too much to them...
So what do you think. Would it be a good thing for the long Term value of AGS/PTS if we downgrade the 20% to 10% or 5% or something if they just use the software tools and code?
Think of AGS being a targeted marketing email list of all the people in the industry who can prove they are willing to donate to advance the cause.
Now, as a developer you have some promotional shares to give away. Do you give them to the people on the Proven Donor Mailing List or do you hand them out at random to people who will mostly just dump them for quick cash.
We have to stop thinking of AGS as merely an obligation to be avoided by not using what the donors have built for everybody and instead remind everybodyIt's a List of Proven Donors!
People pay good money for a nice targeted mailing list for a prized demographic like AGS holders..
Who else would be better to recruit as supporters?
