Overstock.com Assembles Coders to Create a Bitcoin-Like Stock Market

Started by CLains, October 06, 2014, 10:38:53 PM

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xeroc


Shentist

Quote from: roadkill on October 07, 2014, 09:42:08 PM
Quote from: toast on September 22, 2014, 07:31:10 PM
$10 says they're gonna use peershares

Has anyone gotten their 10 bitUSD from toast yet?

i think he is in vegas to make it big or go broke, to pay us all 10 bitUSD  :)

roadscape

http://cryptofresh.com  |  witness: roadscape

xeroc


matt608

It gives counterparty a moment in the limelight.  Bitshares-X's time to shine is yet to come. 

Riverhead

Quote from: roadkill on October 07, 2014, 09:29:20 PM
BTS will be the best DAC launchpad, and DACs are the future.


Once someone is a gazillionair from DACs they can do a hostile takeover of OverStock and point their crypto strategy in the right direction.

roadscape

This news feels like a bummer, but when I think about it:

  • Them picking NXT would be truly insulting
  • They fight legal issues while BTSX breaks down borders
  • DACs will prevail, and that's why they're not really a competitor

    • Plot twist: Byrne already knows this

I'm not necessarily here for DPOS or a specific DAC. I'm here because BTS will be the best DAC launchpad, and DACs are the future.
http://cryptofresh.com  |  witness: roadscape

ticklebiscuit

Quote from: Shentist on October 07, 2014, 08:51:15 PM
what to expect?

in the first announcement both sides Overstock and Counterparty are as far away as possible. So i am thinking they have already problems in their realtionsship.
Medici will not be open source - i could bet on that.
It is nice done from Counterparty to take this big fish.

This is an easy task since xcp is the only 2.0 that doesn't threaten bitcoin and the mining cartels.  How many moves ahead is byrnes and team thinking in this game of chess?

Shentist

what to expect?

in the first announcement both sides Overstock and Counterparty are as far away as possible. So i am thinking they have already problems in their realtionsship.
Medici will not be open source - i could bet on that.
It is nice done from Counterparty to take this big fish.

xeroc

Quote from: theFu.. on October 07, 2014, 08:43:53 PM
is there anything keeping them from "upgrading" counterparty's tech in some way that xcp is no longer really counterparty...and then keeping the name for brand recognition?
technically that's nothing more than 100% airdop on XCP using i.e. DPOS .. however, they need to find community consensus amongst counterparty users ..
once overstook is in .. that might be close to impossible (IMHO)

fuzzy

Quote from: valzav on October 07, 2014, 07:55:18 PM
This is what PhantomPhreak (Adam Krellenstein) wrote here https://bitcointalk.org/index.php?topic=395761.msg9115341#msg9115341 :
Quote
Everybody, there is an enormous amount of misinformation going around in the press. We're working to fix that ASAP. In the meantime, please help us correct errors as you see them!

For the record:

1) Overstock.com and Counterparty are partnering to build a platform (Medici) for trading stocks on Counterparty and using Counterparty's decentralized exchange.

2) I, along with Ouziel (JahPowerBit), will continue working on the Counterparty protocol full-time. Robby and Evan will continue to work on Counterparty full-time because Medici is a front-end for Counterparty.

The Wired and Coindesk articles make it sound as though we are abandoning this project. Nothing could be further from the truth!

Thank you,
Adam

I think this is good news for our community, as Bytemaster pointed out in this thread, Counterparty platform is too slow and transactions cost is too high to be a real competitor for BitSharesX. The work on the legal side they are going to do should benefit entire crypto finance industry.

is there anything keeping them from "upgrading" counterparty's tech in some way that xcp is no longer really counterparty...and then keeping the name for brand recognition?

WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

valzav

This is what PhantomPhreak (Adam Krellenstein) wrote here https://bitcointalk.org/index.php?topic=395761.msg9115341#msg9115341 :
Quote
Everybody, there is an enormous amount of misinformation going around in the press. We're working to fix that ASAP. In the meantime, please help us correct errors as you see them!

For the record:

1) Overstock.com and Counterparty are partnering to build a platform (Medici) for trading stocks on Counterparty and using Counterparty's decentralized exchange.

2) I, along with Ouziel (JahPowerBit), will continue working on the Counterparty protocol full-time. Robby and Evan will continue to work on Counterparty full-time because Medici is a front-end for Counterparty.

The Wired and Coindesk articles make it sound as though we are abandoning this project. Nothing could be further from the truth!

Thank you,
Adam

I think this is good news for our community, as Bytemaster pointed out in this thread, Counterparty platform is too slow and transactions cost is too high to be a real competitor for BitSharesX. The work on the legal side they are going to do should benefit entire crypto finance industry.

xeroc

Quote from: liondani on October 07, 2014, 07:20:06 PM
can they not do identical "mistakes" with bitshares?

edit:
PS  sometimes I wish we had a name like ebay.shares   :P
lol

you CAN by bitcoin.shares in bitshares ... it's called bitBTC  ;D

Ander

Quote from: xeroc on October 07, 2014, 06:03:07 PM

reminds me of darkcoin going crazy because people think it's related to darkwallet :)

Oh is THAT why Darkcoin made that big move up?  I never knew.  I just sold my darkcoin and bought bitshares when it happened. :D
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

liondani

Quote from: xeroc on October 07, 2014, 06:03:07 PM
Quote from: Shentist on October 07, 2014, 06:01:20 PM
the spikes in "counterparty" are like the twitter mistake on the exchanges. just some people buying without understanding anything.
reminds me of darkcoin going crazy because people think it's related to darkwallet :)

can they not do identical "mistakes" with bitshares?

edit:
PS  sometimes I wish we had a name like ebay.shares   :P
[url="https://www.steempeak.com/@liondani"]https://www.steempeak.com/@liondani[/url]