Welcome

If we keep moving at this pace, I hope to have the first Stealth testnet online for public testing in less than 6 weeks. This will include the new core, the api with functional UI, and conversion of most of the Rust code for our "trustless setup" algo.
 
I know 6 weeks sounds like an eternity, but I want this to be done right. The UI/UX has to be perfect too, or else we will never get any mass adoption. First impressions are everything.

Awesome update kenCode. Especially looking forward to this

 

Quote from: fav on February 04, 2017, 01:31:34 pm

ETA on token issue?

Hello there. I would like to have some info too, I cannot see any so far.
Could you please update Us about the ETA on bitgate tokens?

Thanks for your time 

We are working on an ICO update now. ETA on ICO distribution is Soon (TM).. Super busy times, but good news so far: We got a lot of investor interest on OsloFintech Fest: The Future of Fintech and Banking, so we'll go for the Invesdor crowdfund with equity; and we also won the Fintech Newcomer of the Year Award at the event, so we're super happy about that!

because it scales and you gotta aim high, ya 

slay dragons ---

Why not post here 8 days ago ? i just missed the bonus scheme 

We posted on Steemit first, and within the 24 hours we reached our goal, and the bonuses were taken, so we were thinking about what to do. We decided on keeping the crowdfund running, but adding 1% for each 10 BTC after 50 BTC to have an upper limit on marketcap. Now we are now moving to focus on FintechFest February 9th, Oslo Norway.

Hey lil_jay! Thanks for the comments 

So by my count... If you want 20btc for 5% of of the company, you are valuing yourself at about $360,000.

Yes, we are already valued higher.

Since pretty much every UIA in the bitshares ecosystem has over valued themselves and crushed early investors, why is yours going to be different?

We practically have network effect in Norway for the whole crypto-ecosystem here. As Peter Theil would say, dominate a small market first.

Unless he is going to act as a market maker of sorts, which I doubt he has the risk management resources much less the funding, I don't see how recruiting him to trade brings any value to your company.

That is exactly it. He is a liquidity provider, as the majority of all Bitcoin <-> NOK volume in Norway goes through him. This means that we do not rely on BitShares asset liquidity in our MVP at all. Sturle is also an exceptionally talented and reputable person in the Bitcoin and cryptocurrency community here.

Your real competition appears to be Openledger. Why follow that model when it seems to not work?  What projects do you expect to see a return from within 6 months after the crowdsale ends?

We have a great relationship with Ronny, as we are really all in this together. The BitShares platform, if it is successful, can serve as financial infrastructure for innumerable business models. Returns from NOK <-> BTC is more or less guaranteed, but the main game here is positioning ourselves for the future as the Norwegian (and beyond) Gateway to the CryptoEconomy (think ISP for the internet of value). Solving the problem here in Norway paves the way for scaling internationally. We believe 2017 will be all about bridging the gap.

I've noticed the typical group of BTS peeps chasing this investment... Kind of like they chased every other investment offered by someone in the community.  So far nearly all those investments are well below their initial offerings.   Why invest in this one, which already has no first mover advantage?

I think timing is more important than first-mover advantage in this case. BitShares was brilliant even two years ago, but it was somehow ahead of its time. We believe the time is now to revive the gateway idea. The cryptoeconomy is developing quickly as an exponential information-technology, but the hard work is integrating the innovation and solutions with the gritty human world of regulations, emotion-based politics, and outdated existing infrastructure.