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Messages - bitmeat

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1051
General Discussion / Re: Airdrop concerns with Lottoshares
« on: May 27, 2014, 04:05:41 pm »
Also there is a way to make this provably fair, and not have to use his own seed, which he can control. If I was running this coin, that would be my priority.

1052
General Discussion / Re: Airdrop concerns with Lottoshares
« on: May 27, 2014, 04:03:15 pm »
So if he has 200k MMC that's what now? Out of 6M MMC it's a tiny fraction and out of 10% of that, I don't think this is really anywhere close to the issues MMC had in the beginning. That's 0.3% of LottoShares. Unless I have the numbers wrong. What I do take an issue with is the hastiness, end of May snapshot lockdown. What's the point of that deadline being so soon if most donations will be locked down between 3 and 15 months after the snapshot?

1053
General Discussion / Re: Gitshares: Gitchain based on Bitshares
« on: May 26, 2014, 05:28:43 pm »
I've suggested this before as well. It is a great idea. To me a DAC is not fully decentralized if running it requires use of: government controlled domain name, public server that hosts necessary files.

A fully decentralized platform would provide it's own decentralized DNS and hosting. We have bitshares DNS in the works. We also need MaidSafe equivalent.

1054
Technical Support / Re: AGS potential security issue
« on: May 26, 2014, 05:24:34 pm »
The more times a private key is used to sign, the easier it is to hack the address. That's why Satoshi in his original paper recommends creating a new change address every time a transaction is signed. Real security is achieved if you ONLY sign things ONCE per private key.

1055
MemoryCoin / Re: MMC -> LottoShares
« on: May 26, 2014, 05:20:25 pm »

How can we cash in those Lottoshares?

 +5%

Make sure to hold your MemoryCoin at an address where you control the private key at the end of this month.

To prevent AGS, PTS, MMC holders from immediately dumping their shares on the market, the distributions are vested and mature at a random dates between 3 and 15 months from launch.

FreeTrade, this is confusing and you need to clarify. When you say "dumping their shares" do you mean their LottoShares?

I.e. LottoShares will be issues based on snapshot as of end of May, however they will not be spendable until some random date? Or is it that they will have to hold their MMC, PTS, etc. from end of May till the vesting date?

1056
General Discussion / Re: MaidSafe IPO on Mastercoin
« on: May 26, 2014, 05:16:54 pm »

They only COMMITED to do thing ...
Imho thats work close to nothing unless things get real

Reminder: If not mistaken, MaidSafe set aside 15% of the funding they received to pay those developers.

1057
General Discussion / Re: MaidSafe IPO on Mastercoin
« on: May 26, 2014, 05:16:51 pm »

They only COMMITED to do thing ...
Imho thats work close to nothing unless things get real

Reminder: If not mistaken, MaidSafe set aside 15% of the funding they received to pay those developers.

1058
MemoryCoin / Re: MMC -> LottoShares
« on: May 25, 2014, 02:57:17 pm »

Yes. Snapshot date remains the same.

LOL!!! So, most people have their funds in BTER and I doubt they check the forums often. So they will never get their share. Clearly you only care about YOUR shares getting in the genesis block.

I would say this is quite disrespectful to the community you started.

1059
General Discussion / Re: Siren Music
« on: May 24, 2014, 07:54:37 pm »

Leads to question if we really need a leadership for bitshares .. who is strat. leader of nxt?

The Bitshares software ecosystem, once launched, does not need a CEO, nor is Daniel it's CEO.

Daniel is the CEO of Invictus Innovations, which is a virginia based real life corporate entity that has investors and is the trustee of funds invested via angelshares.  There will always be a CEO of Invictus, but it wasn't always and doesn't always need to be Daniel whose skills seem better suited for other roles.

Right, that's why I said it is also my preference to see strategic leadership, however the way Dan works (and most developers are like that Dan is no exception) is that he does iterations of trial and error which is very agile and can produce amazing results. However in an agile environment you can't really force it "strategically" as much, since the only way to advance is through the projects natural progression.

Also why if I was running this project I would make sure people like Dan can cooperate and compete at the same time and just have fun in the lab. While their result is being used in a more strategic manner.

In fact I can still do that, since everything all these coins and developers invent is open source. I'm in a wait and see mode at the moment.

1060
MemoryCoin / Re: MMC -> LottoShares
« on: May 24, 2014, 07:11:00 pm »
I think he suspended the project moments ago.

1061
MemoryCoin / MMC -> LottoShares
« on: May 24, 2014, 05:10:36 pm »
I am glad FreeTrade will be donating to MMC with the new LottoShares. However I am a bit surprised that the snapshot will be end of May (less than a week away).

I am also surprised he did not announce anything on this board. If you don't move your MMC out of BTER by end of May, you will lose participation in the snapshot. (according to FreeTrade's announcement)

I would suggest that FreeTrade extends the deadline to a more reasonable time like end of June, in order for people to become aware of the value MMC will create for them.

Cheers!

1062
MemoryCoin / Re: [ANN] Planned Hard-Fork
« on: May 24, 2014, 05:07:08 pm »
It seems that coinplorer.com/MMC hasn't updated in 2 months, most likely due to not updating their fork.

1063
General Discussion / Re: Siren Music
« on: May 24, 2014, 03:53:48 pm »
I agree that Bytemaster is best at focusing on the technical issues and he is doing that very well. However I think that if there is a different CEO in place even though I would love to see that happen, will take away from bytemaster's passion in the project and there might even be power struggle. Because the CEO will not be able to just pick a strategic direction, he will also have to convince Bytemaster that his decisions are the correct ones.

1064
General Discussion / Re: Siren Music
« on: May 23, 2014, 11:26:31 pm »
I suggested that there is a way to do it in that order, but community backfired saying they would rather have it done right, and other argument was that it would introduce technical challenges when trying to switch from one to the other. Which is complete BS because you can just update the source code and make it a rule that after say block 10,000 or whatever we are comfortable with you start using he new algo.

1065
LottoShares / Re: Effect on MemoryCoin price
« on: May 23, 2014, 08:47:43 pm »
FreeTrade gave only a week notice without any whitepaper. This is very different from any other DAC. In fact it will hurt FreeTrade and his MMC. Potential MMC buyers will miss the opportunity to get in.

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