imagine there is a app developed on your apple phone or Android phone which allows you make international calls by depositing any bitassets; for eg, pts or bitshares.

Pretty much needed DAC if developed. Pay by bitassets, btc or bts. Works better on international calls rather than local i guess.

Quote from: Troglodactyl on March 22, 2014, 03:53:28 pm

If we partly mirror the Insurance DAC structure, with loan officers rather than insurance adjusters, I think this could work.  If it's as efficient as it should be, existing banks will be able to adopt it and act as loan officers within the DAC, competing for trust on a level playing field with any individual acting as a loan officer.

Quote from: delulo on March 30, 2014, 07:43:56 pm

Accurate. I think that is the reality of it. What it needs though is soft convincing of the current btc community (meaning soft (non arrogant) transitioning of their romantic believes to a competitive open source world where realizing of idealistic goals is possible but not simply by propagating them but by providing the tools that incentive transparency for example or empower people). There are a lot of good developers there!
The real world reason why the currency analogy is less appropriate than the company analogy is that there is competition between open source ownership networks unlike with a "traditional" (or "modern") understanding of "currency" which is thought of as issued as the only legal tender by a central authority.

This all should be easier to see, when new DACs do something other than issue shares called altcoins.

"Distributed Autonomous Company" is to the 21^st Century what "horseless carriage" (automobile), "moving picture" (silent movie), "talking picture" (movie), and "information superhighway" (Internet) were to the 20^th Century, and "iron horse" (locomotive) and "steam shovel" (excavator) were to the 19^th Century. It's an attempt to convey some salient feature with familiar images.

Quote from: bytemaster on April 01, 2014, 04:41:34 am

Quote from: voldemort628 on April 01, 2014, 04:40:03 am

I read from the newsletter that toast is joining I3 fulltime .
Is it permanent ? I mean, is it a long-term contract or he is only with I3 fulltime for as long as creating bitshares DNS takes?

Nothing in life is permanent, but toast has made the plunge into the crypto space full time and we are helping him make the transition to become an independent DAC developer with his own funding.

Worst case, toast will get some stories out of all this that will last a lifetime. Excellent move.

You always have the option of passing your days under fluorescent lights in someone else's cubicle later.

The opportunity to be in Storm Central during a technology gold rush comes along only rarely.

Quote from: oco101 on April 01, 2014, 01:23:21 am

Quote from: Empirical1 on March 31, 2014, 09:44:03 pm

Wow, I just read your thread on Bitcointalk!

Bitshares is all about helping to bring exciting, profitable DAC's to market. Bithshares, via AGS has already raised circa $5 million and PTS is valued circa $9 million, more importantly those funds come from a community of investors already in the thousands that are specifically interested in investing in and supporting DAC's. Besides BitsharesX and Keyhotee, they also already have 4/5 exciting projects in the pipeline. So IMO, if there's anyone whose attention you'd want to get that could both understand and then help in every aspect of bringing Truthcoin to market, it would be Bitshares and ideally, specifically, Bytemaster. 

So what do you do when you actually manage to attract Dan's attention and he goes out his way to interact with you, even unnecessarily prefacing his comment with...

"This is a good discussion and I do not want to derail the work presented in the OP as it is good work.   Here are some general concepts to consider:"

https://bitcointalk.org/index.php?topic=475054.40

Well somehow, you still managed to be so unbelievably freaking dumb (sorry but it's true) as to think that Dan would in a million years,  need to take time out of his very busy day to promote Bitshares on your 3 page bitcointalk post!?   

"Mr Larimer, I respectfully request that you keep any comments you make here related in some way to Truthcoin. I do not feel that your comment sets a good example of relevance. I realize that you'd like to talk about your project, but you have whole websites for that and I just have this one thread."

"..it has nothing to do with Truthcoin and is therefore completely off topic." "Finally, as I already explained..."

"This reads like a BitShares advertisement, when my intent was merely to answer a question regarding a comparison. Truthcoin does not have margin calls and cannot force any trades, whereas BitShares can, as you restate here for some reason."

Personally I love the concept and think it has HUGE value if it works. But the fact that you've so poorly misjudged such a basic social interaction and showed such terrible business acumen in the process (by potentially slightly alienating one of your most influential leads) makes it hard to believe as an investor, that you've considered all the business/social variables that would go into making the concept work in practice. I do hope to be proved wrong though.

I did read too the bitcointalk post. Although I agree that Bytemaster was not promoting Bitshares it could be interpreted that way. I thinks tough  harsh  comments are unnecessary. This post it is about a project that seeks to work with 3I it is not a war of ideology. The bitcointalk post was meant to expose a different take on PM and it was a pretty interesting debate. Bytemaster will be the better judge if this project will work as a DAC or something else. I really hope it will.
 I did't not finish the whitepaper but this seems  very interesting, I'll will like to welcome  AsymmetricInformation in our community  those kind of ideas and brilliant people could only straighten our community and bring huge value like you said.

Didn't see the purpose of this post either. Collaboration is always welcome if it makes sense.  Might be a good fit there!

Only downside I see with p2p is that it's 3 syllables.

Quote from: yellowecho on March 26, 2014, 02:41:08 pm

88888888 ?  BLEH, I hate it. 
Just make it 8,000,000.  That's easily divisible and ratios are easily calculated in BTS, BTS, AGS, etc.

Ya all the 8s are a bit much. I just spoke to a Chinese friend and she says the 8s are a sign of 'new money'. More of a gambling thing. So maybe just the one 8 is fine. 8,000,000.