The report is long on FUD, but look at the table on cost savings.

For what it is worth, I am less concerned with conveying my worldview than I am with asking everyone to live by the precepts that he or she advocates for others. Since early adulthood, I have referred to this as 'metarchy' from 'meta-' in the sense of self-referential analysis, and '-archy'.

In this way, rather than try to convince anyone to see the world as I do, I would ask only that academic communists be forbidden to hold property, that supporters of the social welfare society be taxed at very high rates, that racists be forbidden to live near or work among individuals of different ethnicities, that anti-immigrationists be denied passports, etc.

Help the helpful, be kind to the kind, police the police, judge the judges, tolerate the tolerant, sneer at the arrogant, and stay off my lawn.

Adding more developers will not help.  Bytemaster must think, test, observe, discuss, adjust, test, observe, think...  until he is confident that all known attacks can be stopped.  This will take time and he has developed a step by step test plan that minimizes risk to holders of XTS.

Adding more people to this would make no difference.

Also known as Brooks's Law, from the author ofThe Mythical Man-Month, who observed, "Adding manpower to a late software project makes it later."

"Nine women can't make a baby in one month."
—Frederick Brooks

Songspace is a much better name than Bitshares music.

For a service provider, yes. BitShares Music is a good brand for Dan's underlying technology, but appending "Bit" and "coin" to one's retail brand is starting to feel as groovy ".com".

With regard to the attack suggested above, I met with some Haitian-Americans here in Miami a month or so ago, who told me that some artists in Haiti have huge fan bases, but that they do not have enough money to pay for a doctor's visit. While the temptation to ninja a Madonna song might be high, one would have to be a real unpleasant-person to rip off some guy in a tent city trying to scratch together a living.

I met with unimercio for lunch yesterday, and we discussed releasing these in Spanish, Portuguese, and French, as well as English. We also have a native Russian speaker lurking around here.

We also talked about starting a BitShares Meetup group in Miami/Ft. Lauderdale.

The model is similar to fraternal societies and lodges that were very popular until the establishment of the social welfare society.

"From Mutual Aid to Welfare State"

Bytemaster I have to take my hat off to you. This idea could change society for the better and is even bigger than Bitshares.

Credit and insurance are two things that those of us in OECD member states take for granted that something like 6 billion humans do not have access to. If BitInsurance—or whatever it is called—reaches only 0.1% of them, that's still 6 million served.

Why can't we start with this community? We'll all join in and find out if it works in practice.
Isn't that the purpose of our community? To help develop and test these new DACs?

I think we should be bold and go straight for health insurance. We all will grow old someday and we will all need it. The other insurance we will all need is something to protect us from theft. You and I both know that theft is a major concern and will only get worse.

If not conventional health insurance, maybe medical tourism.

Recently, I met with some of the Haitian diaspora here in Miami, who are really jazzed about the BitMusic thing, in large measure because some very popular musicians in Haiti do not have enough money to go to the hospital when they are injured.

When I was thinking about economic allegiance systems I was thinking that this is one of the sort of things you could do. I think insurance is really just the tip of the iceberg really for the kinds of organizations you can build.

We have to start somewhere though and insurance is a great place to start.

Insurance and credit. Crack those two nuts, and the idea of the Developing World could become as anachronistic as the horseless carriage.

Also, think of people who may already be in Vegas.

Penn Jillette