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Messages - fuzzy

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General Discussion / Re: Angel Shares Feedback Requested
« on: December 15, 2013, 05:44:46 pm »

It doesn't matter what you want to do, it matters what you committed to.  Deliver on your promises then try to change the deal.   If every time you get a good idea you modify the arrangement NOBODY WILL TRUST THE ARRANGEMENT BECAUSE IT IS ALWAYS CHANGING.  The whole advantage of crypto is it takes out the arbitrary

sheesh, you're a brilliant guy but it seems like you're just not getting this.

Once again lighthouse...SPOT on. 

General Discussion / Re: Angel Shares Feedback Requested
« on: December 15, 2013, 05:40:22 pm »
What about giving PTS 1.0 holders more of  whatever comes next? Release PTS 2.0, but honor all PTS 1.0 holders in a way every PTS 1.0 holder thinks it would be fair. Those who invested early should get "more" than everybody else who got in late(r). The earlier you get in, the more you invest in an idea. That should be honored. Investing in Apple 1980 got you more than investing in 2010. Investing in PTS november 5th 2013 should give you more than investing in 01/2014 when everybody wants to because the word spread.

Only issue with that is that people like me invested early...but then bought through exchanges over time after the cost of mining went up.  Opening up that can of worms can upset a large number of people and make newcomers feel the game is fixed and out of their favor.  Those people will not want to invest and will likely be more than willing to spread that message.

General Discussion / Re: Angel Shares Feedback Requested
« on: December 15, 2013, 05:12:13 pm »
Pts has helped in all of the viral growth.  It taught us a lot about pow and invictus did manage to raise some money via pts. 

If we sold our pts at these low prices to fund development we would end up owning nothing and burn our wad.   We would also crash the price.

We want to increase pts value to maximize the gains pts provides without crashing the price.  Reallocating waisted resources seemed to be the best way to accomplish both goals.

It is very sad that burning wealth is seen as beneficial because of class envy and a desire to prevent anyone but amazon, power companies, and botnet operators from gaining.   

The movement against centralized powers needs all of the funding it can get and our whole community is shooting itself in the foot by burning our capital in non productive activity. 

We would use the funds in a transparent manner.  Not to pad our personal bank accounts. 

Sent from my iPhone using Tapatalk

Why do I not hear about the leveraging of a resource invictus has literally infinite FREE supply of?  Founder ID's (or perhaps newly minted alternative ID's that carry with them a sense of prestige) for getting the talent you need? 

If I am a student or professional with great talent who is just starting would be a smart play to increase the value of my future work if I have a provable and prestigious contact ID through Invictus that PROVES I was instrumental in their success.  We sometimes need to stop thinking about the "Money" and remember that the value of "money" is a simple psychological perception. 

I have spoken with others (who I trust) and they tell me it is not possible, even if the blockchain code is forked, but I want to float it to the community just in case they were incorrect.

General Discussion / Re: Angel Shares Feedback Requested
« on: December 15, 2013, 05:01:44 pm »
Bytemaster, you have explained that this move would be an effort to increase value for current shareholders. That value is set by market forces not energy costs. If new investors can't be lured into your ecosystem PTS lose their value. I have been purchasing Protoshares under the assumption that Protoshares were only the beginning and that the vast majority of stake in future projects would still up for grabs. Newcomers like me drive the price of PTS up. Energy costs have nothing to do with it.

Precisely.  Everyone acknowledges this increases the fundamental value of PTS (reducing supply without changing existing holdings) but that's not really necessarily or even desirable.   To succeed the project needs to be inclusive because inclusion is growth is value.

To the extent that mining grows the network effect, this does add value to the coin.    So put yourself in the shoes of the DAC that is PTS and ask yourself how much equity you should give away for free through a process that destroys $100K per day?

Which is why I'm not advocating mining, I'm advocating contests or giveaways.  Have a flash game created that walks you through the value proposition of PTS and Bitshares, when they complete the game and provide a PTS address they get a small amount of PTS, use to create giveaways that are easy to manage, yield data for Invictus, encourage viral spreading of the message and run them every week or two.

There are lots of ways you can do this without the inefficiencies of mining, I agree it's a waste of money but the purpose it serves is anyone can waste their money equally and most aren't consciously doing it (just running their or multiple computers, which is percieved as a cost you already incur with or without mining)

I really like what lighthouse is saying here. 

General Discussion / Re: Angel Shares Feedback Requested
« on: December 15, 2013, 01:47:29 pm »
Waste of electricity/carbon print of mining is the main global issue of cryptos today.

Yes...and also a central theme governments around the world are attempting to use to control their people.  "Carbon", and "Global Warming," along with the newly minted "Transpacific Partnership" Trojan Horse mean to destroy each country's sovereignty and instate a new, global, order.  <--- A good video (from a LIBERAL news site, mind you, that talks about this)

General Discussion / Re: Angel Shares Feedback Requested
« on: December 15, 2013, 01:38:09 pm »
True, the legal ramifications would be difficult in this scenario. If Invictus did all the paperwork, there wouldn't be any problems from the government. The real problems would be people that are afraid that Invictus is being controlled by the government.
but not by "the" government...but by ANY government ;)

General Discussion / Re: Bitshares, Mastercoins, Colored Coins
« on: December 13, 2013, 08:31:52 pm »
Considering what PTS are and that there are only 2 mio PTS ever (whenever), 1.1 already mined... a value of currently just ~$20 each MUST be the result of bad marketing and/or lack of explanation. 1 PTS could be worth 10 BTC right now.
Of course, there are just "promises" backing PTS at the moment... but "believe" is what keeps Bitcoin alive and rising. So I really believe that if the message of PTS is spread and there will be good(!) software following that, PTS will go "to the moon" (speaking in btc-e trollbox terms).

Yes, it is due to bad marketing and that is going to be changed very quickly.   We have received commitments and investment as well has bringing Super3 on full time.   Hold on to your horses.. err PTS...


General Discussion / Re: Datacoin is a DAC for Cloud Storage
« on: December 13, 2013, 12:47:36 pm »
bitcointalk thread:
Official site:

What are your thoughts on this project? It is definitely limited in use by the fact that you can only store 128KB files at the most, but it's definitely an interesting idea. It could have a few different uses, one being the sharing of torrent trackers. Instead of hosting torrents and posting them on the Pirate Bay, people could upload the torrent trackers to the Datacoin blockchain. It may also be possible to expand the file size limits through "personal chains".

 I like the idea...and I also like the competition with Namecoin.  People often forget that competing versions of altcoins also make it more difficult to destroy the cryptocurrency market as a whole.  If nation-states (and their puppet-masters) decide to destroy namecoin with a MASSIVE buy and dump...or some other unforeseen attack, if another system exists to serve a similar function, the people will move to the one that still exists...and the devs will learn from the weaknesses in the dead crypto

General Discussion / Re: Bitshares, Mastercoins, Colored Coins
« on: December 13, 2013, 09:53:49 am »
Good call ByteMaster...I'm assuming you have more bullets in your gun with Keyhotee launched?

General Discussion / Re: Bitshares, Mastercoins, Colored Coins
« on: December 13, 2013, 06:57:38 am »
What I would like to see is bounties that give special Keyhotee ID's to developers who successfully complete bounties for projects that the ProtoShares community choose...there could even be competitions (like zuckerberg did when searching for talented fb coders).

This model would be free for Invictus yet provides a real incentive as otherwise these people would have to pay 10 PTS to get the ID.  Yet the value their input gives to the projects would increase the value in Invictus' as a whole (not to mention bounty collectors' PTS rewards/holdings), thus providing a net benefit for both parties at little-to-no "cost" for Invictus. 

This would also incentivise individuals working on projects to advertise their work through their own personal networks...which serves as free advertising...

This exact same model could be used for numerous bounties...especially those that serve to increase the Crypto-Communities' respect for Invictus and Invictus' Name recognition through "buzz" campaigns.  Imagine if Protoshares had the buzz that Quark has...

It would be #3 on coinmarketcap easily.

General Discussion / Re: Bitshares, Mastercoins, Colored Coins
« on: December 13, 2013, 06:50:45 am »
I would love to hear your perspective on what makes our development model different.   What do you like or dislike about it?

The major difference is there's a company behind these ideas, while Bitcoin and other altcoin projects are purely volunteer based.

This seems to be a hybrid approach between BTC  and Ripple; The way I see it, no mining, thus unfair control of total money supple, was the key reason for the lack of interest in Ripple.

For many OS projects, it's difficult to ask dev team to contribute a lot of hours without proper incentive (i.e. donation), causing slow progress and stagnation of code base.

I like the company model better because it should be relatively easy to get things done; however cryptocurrency open source projects are special (because money is directly involved), it's tricky to strike the right balance between contributing to the community and benefiting from it, especially when you have the dominant power and control.

fair assessment all around bitcool.

General Discussion / Re: Bitshares, Mastercoins, Colored Coins
« on: December 13, 2013, 06:49:11 am »
Each of these initiative is a big undertaking, I'm afraid you are over extended.

This is a real concern.  We have laid out a grand vision and will not be able to get there in a single day.   We are working one item at a time and hope others will join us.

others will not even know this exists without good media buzz...and the twitter feed is looking weak.  I mean seriously... only three tweets?  Not complaining...just trying to provide some information worth considering when moving forward.

BitShares PTS / Re: [VOTING] NEW Protoshare Logo (YES/NO)
« on: December 10, 2013, 11:11:17 pm »
I think the new one's similarity to GameCube's Logo will actually help us gain recognition.  The question is...what kind?  I voted yes, but that is only because I think the newly created logo is beautiful and i'd like it.  You wont get bad recognition from this guy for using it.

The old one, however, is FINE. 

General Discussion / Re: Search Engine, DAC
« on: December 07, 2013, 11:13:54 pm »
[Users could submit a transaction that asks a question and includes a 'bounty' for the answer. 
Other users could submit answers that risk money to submit.
Other users could bet on which answer would be accepted.]-Quote
I am not one to gamble often, this appears to be something I would have a hard time with unless risk was minimal.

I personally like the idea of giving everyone who contributes a chance to win (I really like YahooAnswers).  The trick would be to find some way to award people points for asking the question, answering it.  That something could be like Cryptsy and Yahoo points where activity is rewarded, then have them be redeemable for coins (like BitCoin, LiteCoin, SecureCoin...etc from sponsors).  If there is a flood of users because of the great influx of different currencies, then so be brings more activity to the ecosystem (which adds to the network effect anyway).  If someone cheats to get correct answers to people...that are voted up by the community...then I don't care about cheating, because in the system the right answer wins.  Accepting multiple currencies would add free cash flow and would give incentive to learn about different coins before choosing them as payment.  Algorithms would need to be created/utilized to calculate weighted differences in prices for different coins or it could even offer the option of being put in the genesis block of the most important code forks and provide vanity that come with that level of trust.  A good way to model incentives is to look back to good ol' psychology 101: .     

I have no idea how to keep cheating out of the picture, some minds will always look for a way to get an edge by cheating.

If there can be a way to make cheating add something to the economy it would help negate the downsides.  Potentially, a bounty could be put out on finding "ways to cheat"...anyone who can prove it first and give a provable means of establishing a baseline for the economic energy stolen from the community from them maximizing their profits from cheating will receive a reward 2x what they would make in a year of cheating.  That would give incentive for people to find new ways of cheating, to submit tickets and give their search urgency. 

Also...are all DACs connected to project Keyhotee?  As in, you need a Keyhotee ID to invest in a DAC or utilize the services of a DAC? Is Keyhotee a kind of a Fork in the Web?  Sometimes I think we are moving in that direction...and if we are, then DACs could give their own Keyhotee ID benefits to people who earn great levels of trust in the system. 

General Discussion / Re: SportsDAC
« on: December 06, 2013, 11:29:42 am »
I think there is a pony in there somewhere.

That pony was lovely.  There is such a Huge Market for people who play fantasy sports that an even more in-depth version that rewards you for numerous stats.  Allows you to bet on games...or pony races.  Very interesting concept.

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