I disagree that the funds must be entirely in control of Invictus. But that's just me. My point is they have not actually decentralized the funding itself.

http://www.coindesk.com/new-decentralized-crowdfunding-platform-reshape-bitcoin-landscape/

This is quite inspiring approach.

I think Invictus should allow some % (if not most) of the funds raised by AGS holders to go towards tasks the community wants done. It is their money, they should be allowed to invest in projects they feel are important for the bitshares community.

e.g. If I am a developer and create a fancy UI trading platform that handles BTS X and need more funds to finish it, AGS holders should be allowed to fund me.

In fact there is always space for more than one implementations of the same problem, and it would breed a healthy competition.

Instead we wait for I3 to hire the right person, and *hope* it turns out well. Which even if they do everything right, it's nice to hedge our bets and again - to have a competitive environment.

Again I know I may sometimes come off criticizing or FUD (or even frustrated), but it's only because I have a vision and designs that are major improvements and I would like to see happen. I actually have huge respect for what I3 is doing, I just think that they are somewhat limiting themselves by trying to build an eco-system while maintaining full control of its funding.

This would also really raise confidence in the ecosystem and attract talent, who otherwise might not be interested in participating.

Thoughts? Comments? Would you like to be able to vote with your AGS on what gets developed to help the ecosystem?

Ok. I'll start a separate discussion and a poll, plus this thread seems to cover everything but MaidSafe IPO now.


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Perhaps I am not explaining this well. Here is all that is needed: collection of digitally signed transactions to be collected somewhere and included in the new genesis address. How is the regulatory environment preventing that from happening?


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If he's trying to profit from their brand, they could in theory make that claim. But my point is that we need to shift the mentality as well as the technology away from patent/trademark wars. I believe they get in the way of progress and creativity.


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Ponder on this... If bitshares is successful especially BTS X and Bitshares DNS then domain names would not mean anything. So whether successful or not domain names are worthless. Also is bitshares not a trademarked brand name owned by Invictus?


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The cost of doing a digital signature is practically free. There is no way this will need a top notch computer. That's the whole point - delegates put money upfront to reserve their spot, sort of like a license to print money haha but there are checks and balances that if they do something nefarious they would lose the license and the money they put up.


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When designing a DPOS you have to assume that at some point the delegates may decide to act together and coordinate in their own interest and misrepresent information. Are there mechanisms in place to prevent that from happening?


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