I remember the incredible sense of excitement I felt playing around in the cli for the first time after compiling the client. The combination of price-stable currencies, 10 second consensus, and anonymity was a revelation.
It was like my own interface to an open-source version of swift or something - felt very dark-web and empowering.
That excitement was probably matched by shock, when the community chose the "bts as equity rather than currency" model to continue funding itself. To me using inflation/dilution made us no better than central-banks and there was a loss of legitimacy.
I never sold - but stopped investing at that point.
Pretty similar to me, except I have sold excl. merger allocation.
I always understood, Bytemaster's DAC vs. Money idea and the advantages of the former lacked the understanding imo that DACs require increased trust in others when the very problem BTC solved was how to reduce trust required. (Despite increased transparency, due to lack of legal fallback and anonymity, DACs are actually inferior even to their centralised counterparts and are a regression in this area, and mainly offer added value if you want to target business models that operate in legal grey areas because of the difficulty in shutting them down but this is something BTS has thus far shyed away from and the witness system is not necessarily ideally suited to either.)
When he combined the concept of currency & a DAC on one platform though, I thought the man's a genius, the market will love this and it did, it was also exactly the right time for it, right place, right time, I thought two years from now this man will be richer than Satoshi and make more of a positive impact on the world.
If he expands his focus and tries to answer the question again now, 'how can I create a currency that is superior to what's on the market, in that it requires less trust, has less waste, is better distributed, can reach consensus on blockchain upgrades but not supply - unpossible? , has BitAssets and has some funding to put into that and marketing, example referral system. Then he may find some success easily again because I think the market knows Bitcoin is structurally flawed and may not be the dominant currency 5 years from now.
BTS will have to hit on a profitable product or perhaps be adopted by a larger player like for example overstock to grow considerably in value next year while the way it's looking atm POW currencies should have a strong 2016 despite their waste.
Nothing wrong with creating the successor to Bitcoin and the World's most successful DAC.
Topic: POLL: Why are you still hodling BTS? (Read 16808 times)
