Author Topic: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC  (Read 4747 times)

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Offline oco101

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Re: Proposal: To Relaunch KeyID as new BitShares DNS DAC
« Reply #15 on: November 01, 2014, 05:24:03 pm »
Well the idea has merits, but it may not be the right time to do it.
Call it KeyID or call it DNS as a third party DAC but please don't associated with the original Bitshares DNS. Right now Is is already confusing as is it and will hurt your DAC and it will hurt Bitshare too.

Actually third parties DAC forked from Bithsare toolkit is what we want   because this was the original vision of I3,  so KeyID and PTS DPOS are welcomed, but probably this is the worst moment because it will only add more to the panic and confusion.
Please keep working on this and when the time comes we all be all ready to welcome you  KeyID.  So keep on doing the good job bitcoinerS, you got toast support this is great.

Offline nomoreheroes7

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #16 on: November 01, 2014, 05:37:23 pm »
Well the idea has merits, but it may not be the right time to do it.
Call it KeyID or call it DNS as a third party DAC but please don't associated with the original Bitshares DNS. Right now Is is already confusing as is it and will hurt your DAC and it will hurt Bitshare too.

Actually third parties DAC forked from Bithsare toolkit is what we want   because this was the original vision of I3,  so KeyID and PTS DPOS are welcomed, but probably this is the worst moment because it will only add more to the panic and confusion.
Please keep working on this and when the time comes we all be all ready to welcome you  KeyID.  So keep on doing the good job bitcoinerS, you got toast support this is great.


 +5% The merger is necessary to alleviate confusion, and random changes like this only further confuse...

Offline neo1344

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #17 on: November 01, 2014, 05:38:45 pm »
 what s happening, are we goxxxed?

Offline CoinHoarder

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #18 on: November 01, 2014, 05:43:41 pm »
We foresee BitShares DNS DAC accepting some BitAssets from the main BitShares DAC, such as BitUSD as payment for offered services, adding liquidity to the main BitShares DAC.

This is apparently not possible, and was one of the biggest reasons for the merger.

+5% this is getting silly now.
I prefer the word ridiculous, but +5%

1. If the DNS DAC is withdrawing from the merger, they should not be share dropped in the BTS merger.
2. Stop changing things on a whim.
3. This is another thing I HATE about the merger.. it is an incredibly bad practice to release a cryptocurrency, snapshot it, then move to a new chain and deem the old tokens as being extinct. There are many dynamics of why this is bad and I don't care to spend hours explaining it as I feel like it should be common sense.
4. As mentioned previously, there is nothing stopping other DACs from implementing your features. This is another reason for the merger. Other DACs were going to copy BTSX's bitasset feature, there is nothing stopping BTS from doing the same.
5. I thought Toast was doing the DNS DAC, what is Bitcoiners/Toast's relation to the project? This just adds another layer of confusion..
6. Bitshares is starting to look more like a circus than a company. I am not here for entertainment. I am not surprised people are selling BTSX, I am very close to doing so myself. Please don't push me over that line that I am hovering around.
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Offline nomoreheroes7

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #19 on: November 01, 2014, 05:50:01 pm »
We foresee BitShares DNS DAC accepting some BitAssets from the main BitShares DAC, such as BitUSD as payment for offered services, adding liquidity to the main BitShares DAC.

This is apparently not possible, and was one of the biggest reasons for the merger.

+5% this is getting silly now.
I prefer the word ridiculous, but +5%

1. If the DNS DAC is withdrawing from the merger, they should not be share dropped in the BTS merger.
2. Stop changing things on a whim.
3. This is another thing I HATE about the merger.. it is an incredibly bad practice to release a cryptocurrency, snapshot it, then move to a new chain and deem the old tokens as being extinct. There are many dynamics of why this is bad and I don't care to spend hours explaining it as I feel like it should be common sense.
4. As mentioned previously, there is nothing stopping other DACs from implementing your features. This is another reason for the merger. Other DACs were going to copy BTSX's bitasset feature, there is nothing stopping BTS from doing the same.
5. I thought Toast was doing the DNS DAC, what is Bitcoiners/Toast's relation to the project? This just adds another layer of confusion..
6. Bitshares is starting to look more like a circus than a company. I am not here for entertainment. I am not surprised people are selling BTSX, I am very close to doing so myself. Please don't push me over that line that I am hovering around.

Dang CoinHoarder, laying down the law. But I agree completely. This is a terrible idea right now, when BTS is already awash in mass panic dumping and confusion. All this does is hurt the brand as a whole.

I almost wish there were some way to destroy the old tokens that are getting airdropped BTS...they're getting airdropped for a reason, and competing with the old tokens is not in anyone's best interest.

Offline Rune

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #20 on: November 01, 2014, 06:01:02 pm »
This is not the official DNS team at all! this is completely unrelated to the bitshares team! If people are getting nervous from this thread having been posted, it should be deleted. Chinese people might understand only parts of it and think that DNS is getting restarted and the plans have changed again。

Offline graffenwalder

Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #21 on: November 01, 2014, 06:09:11 pm »
This is not the official DNS team at all! this is completely unrelated to the bitshares team! If people are getting nervous from this thread having been posted, it should be deleted. Chinese people might understand only parts of it and think that DNS is getting restarted and the plans have changed again。
This might be a third party DAC, but they are proposing using the current DNS as proto shares.
So this will have implications for DNS and BTSX. So effectively it's no different from DNS restarting.

Offline toast

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #22 on: November 01, 2014, 06:33:51 pm »
Well looks like the response is overwhelmingly negative!

Exchanges want to kill it too.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline lovejoy

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #23 on: November 01, 2014, 07:43:31 pm »
If one really takes the time to grok the OP, and understand it's intent, then all subsequent post would look very different.
It's the English to English translation which concerns me more than anything.

Let's examine this proposal on it's merits, not on all subsequent assumptions being made.  In general I find this community to be a very enlightened bunch, but there are some rather alarmist sentiments (assumptions) being expressed here in this thread.

If there are issues which need to be addressed, let's do that.  Not let the whole thread become a wash of rumor and conjecture.

I'm bits, and at the moment I'm here to help articulate team bitcoinerS position on the matter.  I'm personally dedicated to BTS, and focused on grassroots marketing for BTS, but here I will be able to act in a support capacity for team bitcoinerS and attempt to clear up any misunderstandings.

If the proposal 'as it actually exists' is not desirable, or impossible to articulate, then so be it, it will be modified or laid to rest.

I will now attempt to address your concerns one by one, and then let's see where we are at.

Thanks for your calm consideration.  More to follow.

Offline lovejoy

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Re: Proposal: To Relaunch KeyID as new BitShares DNS DAC
« Reply #24 on: November 01, 2014, 07:51:24 pm »
+1  I support this if it can be executed smoothly.

What do you want to do with dev fund? Are there any other developers working with you?

To my knowledge there are a handful of devs who have expressed interest in working on a DNS related project.
I will let bitcoinierS address this himself, I am not a developer.  As to dev fund, my own personal feeling is that would be your call Toast, this would be a new story, and that money was tucked away for the previous iteration, so it seems more like BTS funding to me, for KeyID, but that's just my opinion.

Offline lovejoy

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #25 on: November 01, 2014, 07:57:55 pm »
Hmmm....so will this in effect be competing with the SuperDAC's implementation of DNS? Sounds confusing to me...

Notice in the OP it says:
BitShares DNS DAC will aim to reach a complementary development path with BitShares, each working on features beneficial to the other, but focusing on different applications and user groups within this large field.

DNS is a huge huge space, there is potential to advance together while maintaining autonomous positions.

Offline lovejoy

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #26 on: November 01, 2014, 08:06:04 pm »
:s  I don't understand.  DNS holders have just been airdropped BTS to include them and some of the 3i team spent their own funds compensating DNS holders who got a raw deal.  Now you're going back on it?  So DNS will have its own competing shares and delegates?  Will you snapshot BTS?  Have an IPO? This is insane.  The market is in turmoil and people just keep changing things.

I3 did what they felt was needed to to make things right for the community.  They have acted to keep the core devs under one umbrella and on the same blockchain.  This is supported in the OP.  Team BitcoinerS is advocating the continuation of independent, co-evolutionary development.  Not looking to compete with BTS.

So who is it exactly who is now 100% focused on BTS?  Sorry but I don't know who you are bitcoinerS.

Team Bitcoiners is a delegate in the BTS community, with support from a loose group of developers who have expressed interest in advancing DNS services.  BitcoinerS is friends with delegate team Bits, I'm more focused on rolling out grassroots marketing efforts for BTS, but provide backup technical support and copywriting for bitcoinerS.

0
It's a relief to see you will use bitassets from BTS at least.  I don't know how that will work, won't holders of DNS want you to use their own in house bitassets to increase DNS value

The goal is to make the whole ecosystem stronger.  If this proposal advanced without regard to mutually beneficial development, who would that help?
Team bitcoinerS is talking about an alliance.


I follow everything that is said on this forum and I still have no idea what is going on.  What does "a different regulation and oversight profile" mean?

It means DNS is exposed to different degrees of scrutiny and will face different battles, Team bitcoinerS is suggesting that in this instance two separate allied entities will be both more effective and resilient than just one.

This is what happens when there are no contracts, developers just do whatever they want and don't finish things.

If DNS can just splinter off, what's stopping VOTE doing the same thing?  I thought these were things BM had agreed with you.

BM and Toast and others can still be focused and undivided in their allegiance and efforts to make BTS every more amazing.  This wouldn't be a splinter.  It's a friendly alliance between groups with mutual interests.  That language, 'splinter', is in itself damaging to further understanding the OP's original intent, and is found nowhere in any of the ideas expressed there.

Offline GaltReport

Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #27 on: November 01, 2014, 08:07:21 pm »
Big time, energy, resource suck if you ask me.  Have fun.  Hope you don't hurt too many people in the process...but I suspect you will anyway.

Offline lovejoy

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Re: Proposal: To Relaunch KeyID as new BitShares DNS DAC
« Reply #28 on: November 01, 2014, 08:13:58 pm »
Really? This is just what we need right now. DNS getting a pump, and BTSX losing some more value.

I still support the Bitshares community, but Al these sudden announcements/proposals could be interpreted as some cheeky money scams.

Buy up DNS at all time low, then announce/propose to continue.

Yeah its almost as if new proposals are made deliberately to spread confusion.

This is the exact opposite sentiment of the OP.  "Almost as if" [malicious assumption] = opposite of helpful.

We recognize that our community has been through quite a whirlwind as of late, and we are mindful of not causing additional concerns. To that end we will make every effort to present a clear picture of what we hope to achieve and why.

Offline lovejoy

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Re: Proposal: To Relaunch KeyID as new (third-party) BitShares DNS DAC
« Reply #29 on: November 01, 2014, 08:20:08 pm »
Big time, energy, resource suck if you ask me.  Have fun.  Hope you don't hurt too many people in the process...but I suspect you will anyway.

I'm on the fence myself, but I understand that the intent is not to 'suck' any of those things.  If after people understand the idea fully, they are able to articulate why this is an unhelpful development, that will shape the outcome.  I'm hoping for more than 'have fun', though I totally understand your concerns.