[ANN] Cryptonomex Begins Licensing BitShares 2.0 Technology To Partner Chains

[BunkerChainLabs-DataSecurityNode]

But wait! 
                 There's more! 
                                           If you act now...

PeerTracks News Release, Part 2

Awesome.. and shared. 

[emailtooaj]

But wait! 
                 There's more! 
                                           If you act now...

PeerTracks News Release, Part 2

This can't come quick enough! Lol
So stoked!


Sent from my iPhone using Tapatalk

[Stan]

But wait! 
                 There's more! 
                                           If you act now...

PeerTracks News Release, Part 2

[donkeypong]

[Empirical1.2]

Cant read a thing on that board ... too bad [emoji14]

It is all about perspective...

The fanboys will spin it like this - 'The map was covered by the first (Graphine) Invisible Cloth' like this: http://www.cam.ac.uk/research/news/building-invisible-materials-with-light

And the cynics like me will say - 'Well, at least the map is much clearer (and thought out ) than he profit generation scheme of PeerTracks.... "

Haven't seen you since October last year.

What do you think of BTS 2.0 & CNX? Are you buying BTS?

[Simeon II]

Cant read a thing on that board ... too bad [emoji14]

It is all about perspective...

The fanboys will spin it like this - 'The map was covered by the first (Graphine) Invisible Cloth' like this: http://www.cam.ac.uk/research/news/building-invisible-materials-with-light

And the cynics like me will say - 'Well, at least the map is much clearer (and thought out ) than he profit generation scheme of PeerTracks.... "

[Stan]

You should read this announcement very carefully ...

[sumantso]

Not necessarily and probably won't. They only have to pay BM and co. for the license.

I'd call this statement "far fetched" .. BM stated already that they will need define the "cost of a license" on an per-case basis and that sharedropping onto BTS will make it easier ..

But I agree that this may force BM to make "difficult" decisions ..
Though, keep in mind that any project that wants to run graphene and sharedrops ontop of BTS will basically hand out free money!! (no one should be forced to do so .. kind of)

We have seen that sharedropping for the 'network effect' hasn't been popular. Lets say someone approaches BM and co. for licensing Graphene, and offers some amount in cash, or half of the amount and another half in sharedrop. In that case it makes sense to choose the first option.

Like it or not, and while I do understand the need for CNX, the interests of BTS and CNX are not exactly aligned. CNX only needs BTS to demonstrate functionality.

They can license graphene to whomever but have committed to only doing so if it won't damage existing Blockchains like Bitshares.

The same commitment that the Counterparty devs had? If you look through the thread on Bitcointalk you will see pages after pages being dedicated to how awesome and selfless those devs were.

[xeroc]

Not necessarily and probably won't. They only have to pay BM and co. for the license.

I'd call this statement "far fetched" .. BM stated already that they will need define the "cost of a license" on an per-case basis and that sharedropping onto BTS will make it easier ..

But I agree that this may force BM to make "difficult" decisions ..
Though, keep in mind that any project that wants to run graphene and sharedrops ontop of BTS will basically hand out free money!! (no one should be forced to do so .. kind of)

[sumantso]

But MUSE is not a new partner, they have really been partners for 18 months already.

Yes. I think we are looking forward to the _other_ partners.

"Several new “Bitcoin 2.0” blockchains are expected to adopt the same great technology this fall"

Exactly.  And those blockchains should sharedrop onto BTS, when they come.  (If they are using their own blockchain with Graphene).

Not necessarily and probably won't. They only have to pay BM and co. for the license.

[phillyguy]

Okay, understand now that Peertracks picking up Graphene is new, thanks.  Also forgot about the SEO element, so that makes sense too.

[cube]

So if someone wants to license Graphene for a private chain, can they just buy the license from Cryptonomex, or do they have to buy it AND share drop on BTS holders? Or is share dropping on BTS not required, but could get them a discount on the license?

Even if some of the deals turned out to be a private one, it may not be bad to bts holders.  The licensing fees to CNX means more funding for the development of bts.  This is good for bts holders.

有个卵用 来来去去都是这些人
so what

Not when we have other partners joining us.

[Krills]

有个卵用 来来去去都是这些人
so what

[amatoB]

Here's the corresponding press released mentioned above:

http://www.pressadvantage.com/story/3298-peer-tracks-announces-new-music-site-that-runs-on-cryptonomex-blockchain-technology

Excellent article w/ top-notch content. Unfortunately, the writing has quite a few typos and grammatical issues. I really hope they can hire a good PR professional soon.

[Stan]

You should read this announcement very carefully before you say there's nothing new here.

But even if it was all known to you, the goal is assemble everything we've got going on into a web of news releases and links where people can find it and attract investors and new partners who haven't been hanging out here on this forum.  Each new item calls attention to all the previous and future items and is worth doing for that reason alone.  This is a Google search engine optimization problem, so we have to mix in all the facts that will help, even if some are known to some of you already.

Anyhow, this is another piece of the puzzle.
If you don't like puzzles, wait till the end of Summer and see what it looks like then.

[Ben Mason]

Stan's announcement is new, welcome information....peertracks did not have to use graphene.

Cryptonomex tries to take a very open policy to licensing its technology everywhere we can without impacting our existing chains.

They can license graphene to whomever but have committed to only doing so if it won't damage existing Blockchains like Bitshares. Also, if a different project wants Graphene for a different use case, they might sharedrop depending on their community support expectations/requirements/funding ambition.

[phillyguy]

So if someone wants to license Graphene for a private chain, can they just buy the license from Cryptonomex, or do they have to buy it AND share drop on BTS holders? Or is share dropping on BTS not required, but could get them a discount on the license?

Cryptonomex is a private co so they can make any deals they want for Graphene licenses and don't have disclose anything to "us" anyway.

This whole announcement seems like more kicking the can/dangling yet another carrot/just generally keeping the BTS community on the hook to me. Announcement for the sake of an announcement.

[Ander]

But MUSE is not a new partner, they have really been partners for 18 months already.

Yes. I think we are looking forward to the _other_ partners.

"Several new “Bitcoin 2.0” blockchains are expected to adopt the same great technology this fall"

Exactly.  And those blockchains should sharedrop onto BTS, when they come.  (If they are using their own blockchain with Graphene).

[cube]

But MUSE is not a new partner, they have really been partners for 18 months already.

Yes. I think we are looking forward to the _other_ partners.

"Several new “Bitcoin 2.0” blockchains are expected to adopt the same great technology this fall"

[38PTSWarrior]

AGS was the best thing I ever bought.. :-)

[topcandle]

Ok this is still not right...

Peertracks will license BTS2.0 from cryptonomex, which current bitshares holders paid for.  But they will only sharedrop on people who held some token from I3 called PTS/AGS.

So basically cryptonomex benefits, peertracks benefits, and an obscure/obsolete token benefits... but the people who paid for graphene with delegate pay from bts 0.X get screwed. 

I am really starting to see why some long term members like Tonyk don't like the direction bts is going in.

If this is what happens on future chains, then yes I agree.

However, MUSIC was sharedropped WAY long ago, not just way before 2.0, but before the december merger.  The NOTES have been trading for months already prior to this announcement. 


In the future, new partners that are actually new partners should sharedrop on BTS if they create their own blockchain, imo.  But MUSE is not a new partner, they have really been partners for 18 months already.

Yeah this is not an announcement.  It's just a rehash of old stuff and selling it as new.  I'd be more worried they took the distribution for Notes now and re-dropped it again, diluting the previous owners shares.  This is a ominous precedent.  Moreover, offering sharedrop is not a requirement to be a licensee.  The CNX team can determine whatever requirements to get BTS2. 

[Ander]

Ok this is still not right...

Peertracks will license BTS2.0 from cryptonomex, which current bitshares holders paid for.  But they will only sharedrop on people who held some token from I3 called PTS/AGS.

So basically cryptonomex benefits, peertracks benefits, and an obscure/obsolete token benefits... but the people who paid for graphene with delegate pay from bts 0.X get screwed. 

I am really starting to see why some long term members like Tonyk don't like the direction bts is going in.

If this is what happens on future chains, then yes I agree.

However, MUSIC was sharedropped WAY long ago, not just way before 2.0, but before the december merger.  The NOTES have been trading for months already prior to this announcement. 


In the future, new partners that are actually new partners should sharedrop on BTS if they create their own blockchain, imo.  But MUSE is not a new partner, they have really been partners for 18 months already.

[lil_jay890]

Ok this is still not right...

Peertracks will license BTS2.0 from cryptonomex, which current bitshares holders paid for.  But they will only sharedrop on people who held some token from I3 called PTS/AGS.

So basically cryptonomex benefits, peertracks benefits, and an obscure/obsolete token benefits... but the people who paid for graphene with delegate pay from bts 0.X get screwed. 

I am really starting to see why some long term members like Tonyk don't like the direction bts is going in.

[MJK]

OK, i need some clarification please.
I own only BTS. Does this announcement mean that i will get share dropped on because i own BTS or do i need to own something else?
Thanks

The sharedrop was almost a year ago, and it was on AGS/PTS, not BTS.  This was back before BTS was suppoed to be the main sharedrop target.

If you want some NOTES, you can buy them on the internal BTS market.  Price is in the .13 to .16 BTS per NOTE range.  (So you get aobut 6-7 NOTES per BTS).  Make sure you get the right asset, it should have lots of volume. 

Here is the current orderbook:
https://bitsharesblocks.com/asset/orderbook?asset=NOTE

Thanks ander.

[Ander]

OK, i need some clarification please.
I own only BTS. Does this announcement mean that i will get share dropped on because i own BTS or do i need to own something else?
Thanks

The sharedrop was almost a year ago, and it was on AGS/PTS, not BTS.  This was back before BTS was suppoed to be the main sharedrop target.

If you want some NOTES, you can buy them on the internal BTS market.  Price is in the .13 to .16 BTS per NOTE range.  (So you get aobut 6-7 NOTES per BTS).  Make sure you get the right asset, it should have lots of volume. 

Here is the current orderbook:
https://bitsharesblocks.com/asset/orderbook?asset=NOTE

[MJK]

ANNOUNCEMENT 7 - Cryptonomex Begins Licensing BitShares 2.0 Technology To Partner Chains

The industrial grade blockchain technology of BitShares 2.0 has put it in a class by itself, but that won’t last for long.  Several new “Bitcoin 2.0” blockchains are expected to adopt the same great technology this fall, and the crypto world will never be the same.

On June 8th, 2015 Cryptonomex shocked the crypto-currency world by introducing its third generation of blockchain technology code-named Graphene™.  Graphene averages transaction confirmations in 1 second compared to what can take Bitcoin more than an hour.   And with 100,000 transactions per second compared to Bitcoin’s current 7 tps, Graphene is able to support a host of new features, like a NASDAQ-class asset exchange, with enough throughput left over to upgrade Bitcoin and most of the 600+ other altcoins to a common interoperable cryptocurrency network.  All this is old news at bitshares.org.

What’s new is that soon BitShares will not be the only blockchain showcasing Graphene technology.

In most cases, it makes more sense for digital asset developers to build directly on top of the BitShares blockchain to take advantage of interoperability, shared network effect, deeper markets, and common services like BanxShares and BunkerShares decided to do.  It also costs money and time to market to bootstrap a new chain rather than one that already has a support infrastructure and a working ecosystem.

But there can be good reasons why some potential partners might need independent chains.  Sometimes there’s a compelling philosophical incompatibility, or differences in business model, global parameters, rule set, governance system, privacy policy, dilution, fee structure or developer vision.  Perhaps a different distribution is needed to capture support from essential partners, funding sources or other user demographics.  And of course everyone has different perceptions of the risks and benefits of sharing a common block chain.
 

Bytemaster did a riff on this in today's weekly beyondbitcoin.org press conference.

For all these reasons, and a genuine desire to grow the industry, Cryptonomex tries to take a very open policy to licensing its technology everywhere we can without impacting our existing chains.  (It certainly doesn’t want to stand in the way of its supporters getting share drops for great ideas that won’t fit on the BitShares blockchain for some reason.)

Our offer to provide access to Graphene technology
to compatible partners willing to share drop on the BitShares community
is a key value proposition of BitShares that should not be forgotten.

The first of these won’t be a big surprise to any active member of the BitShares community, but it is certainly worthy of a syndicated news release calling attention to our BitShares Graphene technology and encouraging other new and existing coins to consider what that technology might mean to them!

So, with a subtle foreshadowing more such deals to come, Cryptonomex and PeerTracks are announcing a renewed and much stronger partnership to jointly develop and promote BitShares and MUSE.  Cryptonomex will support PeerTracks with innovative cryptoeconomics technology and PeerTracks will support Cryptonomex with fund raising and business development.  This will let us share costs and provide increased development resources and public awareness for both projects.

You can read today’s joint press release about the expanded partnership here.

MUSE easily qualified for a Graphene license for at least these reasons:

•   It does not compete directly with BitShares.
•   It share-dropped 70% on the BitShares community.
•   It has good reasons for maintaining a separate chain.
•   We have a long-standing agreement to support them.

This agreement is the result of a recent summit meeting where Eddie Corral spent two solid days brainstorming with us at Cryptonomex World Headquarters in Virginia.  We liked the comprehensive joint plan we came up with so much, we just had to record it for historical purposes.

OK, i need some clarification please.
I own only BTS. Does this announcement mean that i will get share dropped on because i own BTS or do i need to own something else?
Thanks

[donkeypong]

I think this Cryptonomex arrangement could work well. Love the licensing and sharedrop combination.

[Ben Mason]

Excellent news! I was really hoping to hear something along those lines soon.  Roll on the next partnership! All aboard!! 

[Ander]

When/How did Muse share drop on the community?

Last october, on PTS/AGS.

I think that it should be noted that it was on PTS/AGS holders.  Anyone who bought bitshares didn't receive any part of this drop, and the post is misleading.

The initial sharedrops precede BTS. If you started more recently, then I'd suggest you load up on NOTEs while they're still cheap.

Indeed, NOTES are down over 50% from ipo price, so if you missed the sharedorp is a good time to get them, before MUSE releases.

[jaran]

You can start discovering artists and trading individual artist-branded Notes early this fall.

  sounds like things are going good and they are close

[brownie.pts]

Our offer to provide access to Graphene technology
to compatible partners willing to share drop on the BitShares community
is a key value proposition of BitShares that should not be forgotten.

Need HUG from @brownie.pts

If partner chains want to sharedrop in accordance with the amount of money invested, they will use BTS.
But if they want to sharedrop in accordance with the efforts for BitShares, they will use Brownie Points.

cough, cough, ahem...

If partner chains want to sharedrop in accordance with the amount of money invested, they will use BTS.
But if they want to sharedrop in accordance with Bytemaster's subjective appreciation of select community members, they will use me :-).

HUGS!

[donkeypong]

When/How did Muse share drop on the community?

Last october, on PTS/AGS.

I think that it should be noted that it was on PTS/AGS holders.  Anyone who bought bitshares didn't receive any part of this drop, and the post is misleading.

The initial sharedrops precede BTS. If you started more recently, then I'd suggest you load up on NOTEs while they're still cheap. 

[Stan]

Here's the corresponding press released mentioned above:

http://www.pressadvantage.com/story/3298-peer-tracks-announces-new-music-site-that-runs-on-cryptonomex-blockchain-technology

[Stan]

When/How did Muse share drop on the community?

Last october, on PTS/AGS.

I think that it should be noted that it was on PTS/AGS holders.  Anyone who bought bitshares didn't receive any part of this drop, and the post is misleading.

At the time of the NOTES share drop, PTS and AGS were the correct vehicles for sharedropping on the BitShares community.  Only after the November merger did PTS and AGS get rolled up into the current BTS target.

[fav]

 

[clayop]

Our offer to provide access to Graphene technology
to compatible partners willing to share drop on the BitShares community
is a key value proposition of BitShares that should not be forgotten.

Need HUG from @brownie.pts

If partner chains want to sharedrop in accordance with the amount of money invested, they will use BTS.
But if they want to sharedrop in accordance with the efforts for BitShares, they will use Brownie Points.

[lil_jay890]

When/How did Muse share drop on the community?

Last october, on PTS/AGS.

I think that it should be noted that it was on PTS/AGS holders.  Anyone who bought bitshares didn't receive any part of this drop, and the post is misleading.

[Ander]

When/How did Muse share drop on the community?

Last october, on PTS/AGS. 

[btswildpig]

When/How did Muse share drop on the community?

Muse was the new name of Note.....Note sharedroped on AGS/PTS

[lil_jay890]

When/How did Muse share drop on the community?

[JA]

Just use that tech they're always using on CSI. You know, the one that scans a crappy image and magically increases the resolution so you can see who the bad guy was. 

[38PTSWarrior]

Congrats from your Amsterdam outpost!

[nomoreheroes7]

Cant read a thing on that board ... too bad [emoji14]

yea i tried to zoom in but no chance 

Just use that tech they're always using on CSI. You know, the one that scans a crappy image and magically increases the resolution so you can see who the bad guy was. 

As to the announcement...hmm...I kind of feel like we already knew this was in the pipeline. Good way for the devs to make more money, I guess. Hopefully we can see that money make its way back into BTS somehow.

[JA]

Cant read a thing on that board ... too bad [emoji14]

yea i tried to zoom in but no chance 

[xeroc]

Cant read a thing on that board ... too bad [emoji14]

[BunkerChainLabs-DataSecurityNode]

FIRST!! 

[Stan]

ANNOUNCEMENT 7 - Cryptonomex Begins Licensing BitShares 2.0 Technology To Partner Chains

The industrial grade blockchain technology of BitShares 2.0 has put it in a class by itself, but that won’t last for long.  Several new “Bitcoin 2.0” blockchains are expected to adopt the same great technology this fall, and the crypto world will never be the same.

On June 8th, 2015 Cryptonomex shocked the crypto-currency world by introducing its third generation of blockchain technology code-named Graphene™.  Graphene averages transaction confirmations in 1 second compared to what can take Bitcoin more than an hour.   And with 100,000 transactions per second compared to Bitcoin’s current 7 tps, Graphene is able to support a host of new features, like a NASDAQ-class asset exchange, with enough throughput left over to upgrade Bitcoin and most of the 600+ other altcoins to a common interoperable cryptocurrency network.  All this is old news at bitshares.org.

What’s new is that soon BitShares will not be the only blockchain showcasing Graphene technology.

In most cases, it makes more sense for digital asset developers to build directly on top of the BitShares blockchain to take advantage of interoperability, shared network effect, deeper markets, and common services like BanxShares and BunkerShares decided to do.  It also costs money and time to market to bootstrap a new chain rather than one that already has a support infrastructure and a working ecosystem.

But there can be good reasons why some potential partners might need independent chains.  Sometimes there’s a compelling philosophical incompatibility, or differences in business model, global parameters, rule set, governance system, privacy policy, dilution, fee structure or developer vision.  Perhaps a different distribution is needed to capture support from essential partners, funding sources or other user demographics.  And of course everyone has different perceptions of the risks and benefits of sharing a common block chain.
 

Bytemaster did a riff on this in today's weekly beyondbitcoin.org press conference.

For all these reasons, and a genuine desire to grow the industry, Cryptonomex tries to take a very open policy to licensing its technology everywhere we can without impacting our existing chains.  (It certainly doesn’t want to stand in the way of its supporters getting share drops for great ideas that won’t fit on the BitShares blockchain for some reason.)

Our offer to provide access to Graphene technology
to compatible partners willing to share drop on the BitShares community
is a key value proposition of BitShares that should not be forgotten.

The first of these won’t be a big surprise to any active member of the BitShares community, but it is certainly worthy of a syndicated news release calling attention to our BitShares Graphene technology and encouraging other new and existing coins to consider what that technology might mean to them!

So, with a subtle foreshadowing more such deals to come, Cryptonomex and PeerTracks are announcing a renewed and much stronger partnership to jointly develop and promote BitShares and MUSE.  Cryptonomex will support PeerTracks with innovative cryptoeconomics technology and PeerTracks will support Cryptonomex with fund raising and business development.  This will let us share costs and provide increased development resources and public awareness for both projects.

You can read today’s joint press release about the expanded partnership here:

Press Release - Part 1
Press Release - Part 2

MUSE easily qualified for a Graphene license for at least these reasons:

•   It does not compete directly with BitShares.
•   It share-dropped 70% on the BitShares community.
•   It has good reasons for maintaining a separate chain.
•   We have a long-standing agreement to support them.

This agreement is the result of a recent summit meeting where Eddie Corral spent two solid days brainstorming with us at Cryptonomex World Headquarters in Virginia.  We liked the comprehensive joint plan we came up with so much, we just had to record it for historical purposes.