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Messages - werneo

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301
General Discussion / Re: Decentralized Autonomous Charity
« on: April 06, 2014, 07:31:31 pm »

Hmm I would maybe give 30% to charity, maybe 5% to shareholders and 65% to players but I would just call it a normal lottery and advertise the charity element strongly.

Then we can say we give more than regular lotteries to everybody! We give more to charity (and directly to charity not via government which is a big plus), more to players and more to shareholders, all made possible by efficiency savings!

 +5% this.

I would add that use of the phrase "political cover" in this context could be interpreted as cynicism.

302
General Discussion / Re: Draft Talk for NYC [VIDEO]
« on: April 04, 2014, 02:08:28 am »
Good job on getting out the draft!

Having talked with people from all different backgrounds I can assure you that when it comes to monetary policy and the theory of money it is almost a religion.  Everyone thinks they understand money and from this builds objections that are insurmountable.

Did you ever stop to think about why there is so much confusion over the nature of money?  The entire system depends upon the masses not understanding the nature of money.  Henry Ford once said:

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

The general population has been intentionally confused with a million conflicting ideas. 
If people don’t even agree on what money is, why it has value, or what properties are desirable in a currency, how in the world are we going to get them to understand Bitcoin or the new technologies that go beyond bitcoin?

I don't like the bit in bold. How about replacing all of that quote with:

Quote
Having talked with people from all different backgrounds I can assure you that when it comes to monetary policy and the theory of money everyone clings to their convictions. Everyone seems to think they understand money.... For instance, .. [to-the-point sentence about deflation/inflation here]

If people don’t even agree on what money is, why it has value, or what properties are desirable in a currency, how in the world are we going to get them to understand Bitcoin or the new technologies that go beyond bitcoin?

His initial response was, “Oh, I like that!  Now I understand what you are doing, but you still have the problem that it would be extremely deflationary!”   At which point I interrupted him so we could avoid going down the monetary theory rathole and reminded him, “these are shares in companies where the shareholders want to increase the equity-per-share”.   Immediately his objection was stopped in its tracks because Dave, like most people, understand stocks and what gives them value.   After all the powers that be have not spent any effort attempting to confuse the issue of stocks. For the first time, after hours of debates by the water cooler Dave and I were on the same page and all it took was a 3 minute explanation and a different metaphor.

Nice punch-graph :) Again, no need for the bold part.

 +5%

Excellent speech, bytemaster. 

303
Keyhotee / Keyhotee plugin: tax accounting software
« on: April 01, 2014, 10:28:49 pm »
IRS bitcoin guidance: every transaction must be reported annually as capital gain or loss.

http://www.irs.gov/pub/irs-drop/n-14-21.pdf?utm_source=3.31.2014+Tax+Alert&utm_campaign=3.31.14+Tax+Alert&utm_medium=email

If Keyhotee is my wallet, then it could track my payments and run an IRS-compliant program that calculates my capital gain or loss at the time of sale. At the end of the year, I can print out a full accounting report and use it for tax preparation.

Lemons to lemonade.

304
General Discussion / Re: March Newsletter
« on: March 25, 2014, 02:46:41 am »
Please get a high-school English teacher or some other really nitpicky type to review the newsletter for things like its/it's. You guys have been pretty consistently bad about those kinds of basic spelling/grammar things. A huge portion of the population really cares, and will immediately write you off for making these kinds of mistakes. In official Invictus communications, it's just completely inexcusable to be making these kinds of errors. Please please please have someone who knows all the rules proofread it!

++this

Software developers are notorious for willfully mixing up it's and its

It's very simple:

"It's" is a contraction.  "it's" = "it is"

examples of improper use of it's:

2. It’s “shares” go up in value as it earns more profits - not just because of transient “hype”.
3. It’s shares represent a chance to receive promotional shares in all future clones derived from it

It's just a little thing, but it makes a difference to people who know the difference.

Other than that, please keep up the good work. I am an investor and expect to be insanely wealthy someday quite soon.

305
General Discussion / Re: Private keys vs. wallet address
« on: February 27, 2014, 02:26:08 am »
My BitShares-PTS wallet shows only the wallet address.... PiunA5mHJkWYKRcyjT2jVwAefRQqD4NwGf

I don't know where the private keys are, but I assume I will need them after March 15.

So the question is: how will I get my wallet's private keys to do the bs-pts to bs-x conversion?

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