cryptsy the best

i like the darkwallet project, seems promising

There seems to be alot of allegations and attacks agains memorycoin and freetrade going on in bitcointalk, especially regarding a massive pre-mine freetrade owns. I hope these allegations can be refuted.

Would love to participate in keyhotee and get a Founder ID registration, i'm completely sold on the Invictus innovation idea and vision.

Is there a way for a true believer to sign up at this stage ?

Quote from: smiley35 on January 11, 2014, 07:55:45 am

These are all great points. When thinking about the other side of the argument I have visions of FUD in the form of

"centralized"

"they changed what they originally sold shares for"

"they can't be trusted"

Just for reference what are we talking about here Dan? Like an MVP in Feb as opposed to a full product at the end of march? Where do you guys think our competitors will be along this timeline?

Our competitors haven't even realized the problems they have to overcome.  Anything based upon mining will be destroyed in the market because mining is an expense that eats the profitability of the DACs and ultimately centralizes control.   This means that everyone will end up having to change their designs to replace mining to stay competitive.   Mining also slows block production and is not viable for blockchains with markets built in because the 'miner' has the power to control what transactions get in the block. 

Our competitors are all based upon 'one blockchain to rule them all' mentality which is a side effect of the mining mentality.  These systems will not scale in the end.  They may spring up quickly, but will die once reality hits that a 'market' is different than a 'currency' in terms of transaction volume.

Mastercoin has so many inefficiencies, and baggage from being layered on top of Bitcoin and the original designer isn't even working on the project any more.  I wish them well, but they too will end up having to move to their own blockchain and this will set them back in development.

In other words, I am not aware of any competitor that actually understands the nuances of DACs, blockchains, and the like at the level I do today and their lack of understanding is going to set them back dramatically in the long run.

I am sure I have things I do not yet fully appreciate or grasp, but what I do get shows me that the competition is far behind.

The FUD and legal risk arguments are the primary argument against MVP.   However, FUD is just a profit opportunity for those who can see through it because in the end FUD has no substance.

I believe that a MVP that is command line / JSON-RPC based where the 'consensus' algorithm as a Unique Node List of 1 will be viable especially once I lay the mental framework that demolishes the false decentralization offered by Bitcoin, Ripple, and other mining based systems.    Bitcoin is effectively centralized in GigaHash + 1,  Ripple is centralized in the inner circle cartel that makes up the Unique Node List.   The only thing that is required to eliminate the need to 'trust' is to eliminate the potential of cheating and getting away with it.  The only thing required to be decentralized is market competition and elimination of barriers of entry.   

I think our marketing will begin to shape the narrative in a way that our competitors will have a hard time escaping from.

In conclusion I think a MVP may be the best way to go as a stepping stone to realizing the final goal.   When can such a MVP be available, I cannot say for certain but probably sooner than may think and later than I would estimate.

i think an MVP is a great idea too but as long as the time gap between MVP and the final / other major infrastructure development/launches is not large imo.

Quote from: luckybit on January 11, 2014, 11:01:48 am

Quote from: AdamBLevine on January 11, 2014, 10:25:59 am

I think a DAC platform makes a ton of sense for this niche, but trying to get these licenses is a bit of a killer.  The process is arbitrary, subject to change at any time and expensive.   I support a DAC platform for trading DACs but I think it should ignore licenses because it is not a structure intended to be constrained by such licenses.

Consider that the goal isn't to attract trend setters and early adopters like us but to get to the masses.  The masses require regulation, which requires licenses and following arbitrary rules. It's the only way to get fiat into the ecosystem.

I think since the operation is centralized the main concern will be if it doesn't toe the line precisely then it will be shut down. How can you make it extremely difficult to shut down despite being centralized while also attracting the mainstream?

I think we should take a unique approach to this problem. Perhaps some sort of franchising mechanism but I don't know.

You misunderstand me.  This is a practical concern, getting those licenses and going through the processes required to achieve regulatory permission is too expensive to undertake to the point of being Moot.  Invictus could put all the money they've raised so far behind this and wait a year at least to see the result, which could still be "No".

Quote from: Markus on January 11, 2014, 12:50:51 pm

51 of the 52 licences you mentioned are for the US. Wouldn't it be easier to not be based there? Or start up somewhere else and try to get the US licences as a second step.

I support this as a decentralized version that operates in whatever jurisdiction in the world is most advantageous to the purposes of the DAC.  If you tell me you want to spend DAC money on licenses in the US, something has gone horribly awry and we are not appreciating the flexibility a DAC grants you for things like this.

Think Bitstamp - Huge US customer base, in Slovenia

i understand in the united state getting appropriate licenses will be v expensive and exhaust I3 resources. I was also thinking maybe set it up outside the states, slovenia maybe a good option not sure about taxes though, im sure we can do some good research about the location if this idea receives serious backing.

Thnx for the video v helpful

Sent from my Nexus 4 using Tapatalk

Quote from: bitbro on January 08, 2014, 10:06:14 pm

Great thinking. I gotta get me some more BitShares PTS before this news gets out!

I just exchanged all my PTS for BitShares PTS^TM at the rate 1:1!

You are kidding about this right?