ANNOUNCEMENT 8 - IDentabit Will Sharedrop on BitShares Community

[Ander]

Brownie up like 200%, haha.

[jakub]

The only thing I don't like is the name itself - "IDentabit" sounds a bit strange for me.

like toothpaste

Is "IDentabit" going to be the final brand name?

[jakub]

You've got an unfortunate repetition on your website:

The first identity based, decentralized identity based currency

[Stan]

What exactly does 'share drop' mean? is iDentabit going to have its own blockchain or be a UIA on ours? Or something altogether different?

Its going to be its own chain, and will give us coins in the genesis block.

It needs to be its own chain because it has fundamentally different privacy/identity functions as Bitshares.

BitShares Sharedrop Theory

[Empirical1.2]

The only thing I don't like is the name itself - "IDentabit" sounds a bit strange for me.

like toothpaste

Anonymous dentistry has arrived! Maintaining personal privacy and a great smile is finally possible with IDentabit! 

'We couldn't even identify him from his dental records'

[sumantso]

The only thing I don't like is the name itself - "IDentabit" sounds a bit strange for me.

I agree. 


So regarding the sharedrop, it seems that it is 10% of total supply (20% of initial released supply) to BTS.  And another 10% of total supply (20% of released) to "contributing members of bitshares community", which we dont know how that will be determined or who will qualify.  Also, how will it avoid sybil attacks?

Brownie.pts

Its their chain so they can distribute to whoever they wish, but appeasing BM favoured members is very wrong, IMHO.

[Ander]

What exactly does 'share drop' mean? is iDentabit going to have its own blockchain or be a UIA on ours? Or something altogether different?

Its going to be its own chain, and will give us coins in the genesis block.

It needs to be its own chain because it has fundamentally different privacy/identity functions as Bitshares.

[cylonmaker2053]

What exactly does 'share drop' mean? is iDentabit going to have its own blockchain or be a UIA on ours? Or something altogether different?

[Ander]

The only thing I don't like is the name itself - "IDentabit" sounds a bit strange for me.

I agree. 


So regarding the sharedrop, it seems that it is 10% of total supply (20% of initial released supply) to BTS.  And another 10% of total supply (20% of released) to "contributing members of bitshares community", which we dont know how that will be determined or who will qualify.  Also, how will it avoid sybil attacks?

[cylonmaker2053]

awesome, good luck to those Aussies. glad they chose our network...

[infovortice2013]

yeah hope coin has other name moar comercial, but sounds helpfull for bitshares to cover full spectrum posibilities

just the news sharedrops come back to bitshares



Goodluck !

[JA]

The only thing I don't like is the name itself - "IDentabit" sounds a bit strange for me.

like toothpaste

[jakub]

The only thing I don't like is the name itself - "IDentabit" sounds a bit strange for me.

[jakub]

Apart from the sharedrop, I see the good news in this: every piece of ecosystem infrastructure (e.g. mobile wallet) written for BTS can be easily forked to work with IDentabit.

So IDentabit can act as a legal safety net for money invested in building BitShares ecosystem.
I can go to my investor and say this: "Invest in my BitShares-based company now and if things get unsafe in legal terms we have a solid Plan B: we can always switch to IDentabit".
Sounds like a good argument to me.

[Stan]

What Google knows about IDentabit so far...


https://www.google.com/search?q=idenabit&oq=idenabit&aqs=chrome..69i57.1622j0j1&sourceid=chrome&es_sm=93&ie=UTF-8#q=identabit