Author Topic: NOTES are listed ar CMC  (Read 8055 times)

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Offline Russ Hanneman

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Offline christo

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Re: NOTES are listed ar CMC
« Reply #46 on: June 03, 2015, 12:01:32 am »
That would be worse. This is not only the way it should have been done, but after fundraising for a separate blockchain and spending all the money, you're suggesting they don't even build it and we all should have been using the original BitShares blockchain all along!?
If whatever PEETRACKS is doing with blockchain was already possible with BitShares I would agree ... But I don't think it is ..
Also, IIRC and they are going to offer streaming in the MVP already .. then they will need to do alot of development at the frontend and server tech too .. The Peertracks business is NOT just a blockchain .. it's more than that .. and does cost money to develop and maintain .. independent of the ACTUAL blockchain

Disclaimer: I am not defending the secrecy around Peertracks and MUSIC .. I'd rather point out to you that Peertracks is not just a blockchain ..

I'm not saying Peertracks is not just a blockchain, I'm saying the opposite. Peertracks not a blockchain at all.

In the April update Cob said

Quote
The front end (the PeerTracks web app MVP) is complete and is being readied to plug into the music blockchain. A few pioneer artists will be able to create their profile and token as soon as the blockchain is completed!
The blockchain itself is being built as you read this. Most of it is complete and we are approaching testing phase.

Great the testing phase must surely be here by now since that was almost two months ago. The front-end is done (that's the bit that is privately owned by Peertracks) and the Blockchain is "being built as you read this". Well I guess since we're still reading this it's still being built.

When will it be released? "When it's done". Can we see evidence of progress? "No". Can we have detailed info on the process or the work? "No." What about some hint about the way the money has been spent? "No."

The consolation prize is that people can "sell their notes". Well guess what? I happen to actually care about the purpose of the project, the creation of an alternative system for music distribution and commerce.

I'm not saying they owe me this. I'm saying my personal assessment of their prospects is based on a demonstrated record of software releases and their response to questions like these (or lack thereof) - not to the number of PR events they report.

Perhaps some more of you should consider this method of assessment for this and all crypto projects. Or perhaps you're blinded by sunk cost fallacy.

The only reason I'm posting this is because I'm surprised there is so little evidence-based appraisal of the health of this project on a forum that is totally dominated by this project's claims in absence of proof.

edits: added strikethrough on a couple of grammatical and typo errors
« Last Edit: June 03, 2015, 01:06:38 am by christo »

Offline oco101

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Re: NOTES are listed ar CMC
« Reply #47 on: June 03, 2015, 12:42:18 am »
That would be worse. This is not only the way it should have been done, but after fundraising for a separate blockchain and spending all the money, you're suggesting they don't even build it and we all should have been using the original BitShares blockchain all along!?
If whatever PEETRACKS is doing with blockchain was already possible with BitShares I would agree ... But I don't think it is ..
Also, IIRC and they are going to offer streaming in the MVP already .. then they will need to do alot of development at the frontend and server tech too .. The Peertracks business is NOT just a blockchain .. it's more than that .. and does cost money to develop and maintain .. independent of the ACTUAL blockchain

Disclaimer: I am not defending the secrecy around Peertracks and MUSIC .. I'd rather point out to you that Peertracks is not just a blockchain ..

I'm not saying Peertracks is not just a blockchain, I'm saying the opposite. Peertracks not a blockchain at all.

In the April update Cob said

Quote
The front end (the PeerTracks web app MVP) is complete and is being readied to plug into the music blockchain. A few pioneer artists will be able to create their profile and token as soon as the blockchain is completed!
The blockchain itself is being built as you read this. Most of it is complete and we are approaching testing phase.

Great the testing phase must surely be here by now since that was almost two months ago. The front-end is done (that's the bit that is privately owned by Peertracks) and the Blockchain is "being built as you read this". Well I guess since we're still reading this it's still being built.

When will it be released? "When it's done". Can we see evidence of progress? "No". Can we have detailed info on the process or the work? "No." What about some hint about the way the money has been spent? "No."

The consolation prize is that people can "sell their notes". Well guess what? I happen to actually care about the purpose of the project, the creation of an alternative system for music distribution and commerce.

I'm not saying they owe me this. I'm saying my personal assessment of their prospects is based on a demonstrated record of software releases and their response to questions like these (or lack thereof) - not to the number of PR events they report.

Perhaps some more of you should consider this method of assessment for this and all crypto projects. Or perhaps you're blinded by sunk cost fallacy.

The only reason I'm posting this is because I'm surprised there is so little evidence-based appraisal of the health of this project on a forum that is totally dominated by this project's claims in absence of proof.

+1 +1 +1  I totally agree. Somehow I'm still believing in this project and I'm still trusting this team for now....
Without revealing any of the secret sauce, they could still answer a lot of questions, I'm not saying that they should spend their time in this forum, but some of the question raised are important and easy to address, why they are not doing it hard to understand it is pretty sad ...... I will add one more question to the list : Is Eddie Corral still on the team ?

Offline toast

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Re: NOTES are listed ar CMC
« Reply #48 on: June 03, 2015, 01:17:42 am »
There's still a proper update vetted by cedric/eddie coming but some of this speculation needs to be addressed:

* There is still a blockchain. We will gradually increase the size of test net iterations until it's at a point where we start preserving balances and/or state across version. That's a summary of what all we want to reveal until we have more information after midem.
* Notes will still have voting power and will try to capture income.
* Eddie is still on the team and is the main reason the project is worth anything IMO.
* The *secret sauce* is a centralized monetization strategy for a service which DAC cannot supply directly. It shouldn't be an excuse for anything.
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Offline clayop

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Re: NOTES are listed ar CMC
« Reply #49 on: June 03, 2015, 02:38:02 am »
* The *secret sauce* is a centralized monetization strategy for a service which DAC cannot supply directly. It shouldn't be an excuse for anything.

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Offline Ben Mason

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Re: NOTES are listed ar CMC
« Reply #50 on: June 03, 2015, 06:15:58 am »
There's still a proper update vetted by cedric/eddie coming but some of this speculation needs to be addressed:

* There is still a blockchain. We will gradually increase the size of test net iterations until it's at a point where we start preserving balances and/or state across version. That's a summary of what all we want to reveal until we have more information after midem.
* Notes will still have voting power and will try to capture income.
* Eddie is still on the team and is the main reason the project is worth anything IMO.
* The *secret sauce* is a centralized monetization strategy for a service which DAC cannot supply directly. It shouldn't be an excuse for anything.
with all due respect to eddie, if a person is the main reason this project is worth anything, then it sounds as though something has gone terribly wrong.  The disruptive technology which enabled a new music distribution platform was supposed to be where the value was. I hate to say it, but christo's concerns seem to be more justified than my faith. I wish I could get a straight answer for why midem means anything?  I suspect it's because peertracks is not the gateway to a viral decentralized music platform that I bought into. I hope this update from Eddie and Cob is thorough, now is the time for complete transparency.

Offline liondani

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Re: NOTES are listed ar CMC
« Reply #51 on: June 03, 2015, 07:28:18 am »
* Eddie is still on the team and is the main reason the project is worth anything IMO.

"stil" ? 
Are you?

... so the project has only one point of failure? Must we pray that nobody from the big players on Midem make him a better offer...?

Offline .yoshi

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Re: NOTES are listed ar CMC
« Reply #52 on: June 03, 2015, 03:17:31 pm »
c'mon guys, is it really that surprising that eddie, an incumbent in an industry known for exclusivity, plays a critical role on this project?

dan was the only reason bitshares was worth anything for a long time. hth

Tuck Fheman

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Re: NOTES are listed ar CMC
« Reply #53 on: June 03, 2015, 09:25:47 pm »
dan was the only reason bitshares was worth anything for a long time. hth

Stan's meme's are what brought me here, and it's the reason I stay.

If you haven't noticed, meme's are today's market makers. Meme's are what's moving this entire crypto-economy.

Basically, if your coin is not meme'ing, it's going to die soon. I've tried to keep the meme hashrate up while Stan's mememiner is off, but I will need some help soon or we're all doomed.

Secret sauce and actual coding can only take a project so far, meme's take it the rest of the way! So fire up that mememiner Stan and help me raise the meme hashrate back up to desirable levels so we can move this price to teh m00n!

Offline Ander

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Re: NOTES are listed ar CMC
« Reply #54 on: June 03, 2015, 09:46:47 pm »
That would be worse. This is not only the way it should have been done, but after fundraising for a separate blockchain and spending all the money, you're suggesting they don't even build it and we all should have been using the original BitShares blockchain all along!?


Consider the following two options:

Option A:  Do everything on the bitshares blockchain.  Everyone who likes the project keeps buying BTS with their fiat and bitcoin, supporting the Bitshares market cap.

Option B: Make a new blockchain, and ask for funding.  Everyone who likes the project dumps their BTS, and spends their fiat and bitcoin on your fundraiser, thus sending BTS into a downtrend.  Take their money.


Clearly option B is better! 

PLAY managed to improve upon this plan even further, with the addition of "Panic dump the bitcoin donations you received on the very hour of the absolute low in the bitcoin price".  This brilliant addition means that not only do you hurt the Bitshares market cap with your fundraiser, but you also get hardly anything out of it!  Amazing!


This gives me an incredible idea! 

I will create a new blockchain called Bitshares BURN.  Its going to be AWESOME.

I will hold a crowdfund for it that lasts forever and ever, in BTC.  You can dump your BTS for BTC and donate it to my Bitshares BURN ICO fund.  Then, I'll just take the BTC and burn it!  This way, BTS market cap can dwindle to ever lower and lower depths!  Isnt that awesome!?



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Offline christo

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Re: NOTES are listed ar CMC
« Reply #55 on: June 04, 2015, 03:54:29 am »
Ander I honestly have no idea what you're talking about.

Offline Ander

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Re: NOTES are listed ar CMC
« Reply #56 on: June 04, 2015, 11:03:12 pm »
Ander I honestly have no idea what you're talking about.

I'm saying BTS price went down because of the endless number of things the community decided to throw their money at that arent BTS.
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Tuck Fheman

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Re: NOTES are listed ar CMC
« Reply #57 on: June 04, 2015, 11:17:21 pm »
I'm saying BTS price went down because of the endless number of things the community decided to throw their money at that arent BTS.

Like Qora, when you (most likely) doubled up on it?  :P

If I'm not moving my crypto around in opportune times, I feel like I'm doing it wrong.

Offline .yoshi

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Re: NOTES are listed ar CMC
« Reply #58 on: June 05, 2015, 06:23:04 pm »
dan was the only reason bitshares was worth anything for a long time. hth

Stan's meme's are what brought me here, and it's the reason I stay.

If you haven't noticed, meme's are today's market makers. Meme's are what's moving this entire crypto-economy.

Basically, if your coin is not meme'ing, it's going to die soon. I've tried to keep the meme hashrate up while Stan's mememiner is off, but I will need some help soon or we're all doomed.

Secret sauce and actual coding can only take a project so far, meme's take it the rest of the way! So fire up that mememiner Stan and help me raise the meme hashrate back up to desirable levels so we can move this price to teh m00n!

calling all memesters! the next few days are critical. we need your help