though I'm also a little bit disappoint about the Cost 45k which I think the feature already exist in BTS0.x but now need to re-paid. I prefer to get this done ASAP because this is really important to the huge fund get into the system. huge fund don't want their operation display to the public.

Huge fund will likely develop a private chain and pay CNX to help them do it unless there is a compelling reason to join the public chain.

personally I don't care CNX get paid and this will be used to other projects because currently CNX is the bitshares.

Exactly. While it looks like CNX makes all the money and takes none of the risk keep in mind that consulting firms live and die by their reputation. As much as Bitshares is their lab it is also the flagship in their portfolio. Every consulting project, or worker proposal in our case, has defined terms. If you don't like CNX's offer then make a counter proposal that's agreeable to them and the community and try and get it voted in.

In business you don't get what you deserve you get what you negotiate.

Quote from: DestBest on November 21, 2015, 05:54:57 pm

Quote from: fuzzy on November 21, 2015, 07:09:37 am

#btstip "DestBest" 200 BROWNIE.PTS

Thanks bro 

Btw...where did MUSE get their badass logo?

@cass of course. Though I think the concept was someone else's.

Woho!

The fees are high compared to other crypto exchanges but their model is different. They issue IOU's in exchange for cheaper fees because the trading is all done off chain with the promise to honor the transactions (assuming they don't get robbed). Our trades are done on chain, no trust required, and therefore cost more. When compared to traditional exchange businesses we are insanely cheap. Best price the average consumer can get on the NYSE is about $7/trade - and that's not even "on chain".

So we can target the tiny crypto market or make it a fertile ground for people to run their businesses on and go after the "real" markets.

this is the reason why it is to complicated. I dont get it why not everything is converted into shares, so it is easier to decide for investors to chip in.

After thinking about it more it looks like these shares are not equity stake but a profit sharing bond of sorts. The amount of funding desired is therefore meaningless in determining valuation - only IPO price.

Thank you tonky and shentist. I still think it's a great project and a good buy in price - just not as straightforward to evaluate as I had first thought.

@Shentist I think you too are conflating revenue splitting with valuation. There are 250k shares for everyone at $0.18/share. How the revenue is then divided up is a different set of numbers. Since there isn't any revenue yet there's no way to add that into the mix.

I think you're making it more confusing than it needs to be. I think your conflating valuation with revenue splits?

$9000 from 50k shares is $0.18/share.

250k shares @ $0.18/share = $45,000

Quote from: fuzzy on November 14, 2015, 09:16:26 pm

Quote from: Akado on November 14, 2015, 08:28:01 pm

What if the 9k isn't reached, let's say you get 5k, will the 50k sharebits be distributed through the donators as well? meaning each person who donated gets more share bits?

One thing I might have missed or you didn't mention, people don't need to tip ShareBits, they will be able to tip bitUSD, bitAsset BEER, bitAsset COFFEE, bitCNY, etc, right?

Yes, you will be able to tip any bitshares UIA or bitassets.

You missed the first question.

Answered in the first post after the ANN. Donations post $9k will be returned to sender in about a week.