Author Topic: Hi Dan, it is approaching Feb. 28 . Any detail plan for future 3i's DAC chains  (Read 11995 times)

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Offline Kyune

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We cannot make any promises of allocation; however, we theorize that market forces will conspire to honor recommendations we make even in the extreme case of our team being killed in a plane crash and someone else is left to finish the software.
Could you (or anyone else) explain a little more about the reasoning behind the bolded statement (emphasis added), or point me to a document where you have already explained it?  I'm trying to understand why, in theory, economic forces would enforce this "social contract" even with respect to third-party DACs.  I'm guessing someone has already written about this elsewhere, but I'm having trouble finding it.
https://bitsharestalk.org/index.php?topic=2876.0
Thank you.

At first glance I don't fully agree with all the assertions made therein, but the link gives me a good starting point for thinking about it.

Offline bytemaster

We cannot make any promises of allocation; however, we theorize that market forces will conspire to honor recommendations we make even in the extreme case of our team being killed in a plane crash and someone else is left to finish the software.
Could you (or anyone else) explain a little more about the reasoning behind the bolded statement (emphasis added), or point me to a document where you have already explained it?  I'm trying to understand why, in theory, economic forces would enforce this "social contract" even with respect to third-party DACs.  I'm guessing someone has already written about this elsewhere, but I'm having trouble finding it.

https://bitsharestalk.org/index.php?topic=2876.0
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Kyune

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We cannot make any promises of allocation; however, we theorize that market forces will conspire to honor recommendations we make even in the extreme case of our team being killed in a plane crash and someone else is left to finish the software.
Could you (or anyone else) explain a little more about the reasoning behind the bolded statement (emphasis added), or point me to a document where you have already explained it?  I'm trying to understand why, in theory, economic forces would enforce this "social contract" even with respect to third-party DACs.  I'm guessing someone has already written about this elsewhere, but I'm having trouble finding it.

Offline sschechter

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There really is no such thing as an "expert" only people that are pretty knowledgeable and even then it doesn't mean they are always right. Where were all the economic experts who didn't prevent the expansion and implosion of the housing bubble?

This statement carries the underlying assumption that this wasn't an intended goal.
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PTS: PvBUyPrDRkJLVXZfvWjdudRtQgv1Fcy5Qe

Offline Overthetop



I have found that viewing your life as an epic adventure makes it more fun to live.  So I often view myself as Frodo carrying the Ring of power to be thrown into the fire of decentralization.  We are being fought on all sides by those who would enslave man kind and the all seeing eye is watching our every move.   



Living an epic life is just more fun even if you end up dieing  for the cause. 


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The story of MT.Gox has told us the Ring of power should be thrown into the fire .
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Offline jae208

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Whoa, let's come back to reality. We all have our hopes and dreams for BTS, but comparing Dan and I3 whom haven't released a single product yet to Jobs and Apple is borderline delusional. Why don't we wait a few years before we start comparing things on such a grand scale. You sound juvenile.

Oh yeah, and don't forget, Jobs wasn't the technical mastermind behind Apple. He was the salesman, entrepreneur and vision of Apple.
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Well we'll see wont we  ;)
I spend all day analyzing listed companies for a living. This is by far the company with the largest possible upside i've come across.

What are you doing here? It seems you have it figured out. Why don't you sell you analyzing skills with a 100% guarantee since you seem to think you know how to pick winners and losers of the stock market with certainty? I am sure MS, GS or JPM would pay good money for your stock picking skills.

Or wait, you're just full of shit. Just because you spend all day at Edward Jones or wherever you are analyzing something does make you an expert in something else completely not related. As a matter of fact it doesn't even mean you are an expert in the area of what you are analyzing.

There really is no such thing as an "expert" only people that are pretty knowledgeable and even then it doesn't mean they are always right. Where were all the economic experts who didn't prevent the expansion and implosion of the housing bubble?
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Offline jae208

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Please please please get a spokesperson.  Presentation is important [snipped the rest]

On the contrary, Dan did a great job presenting this. One of the things that attracted me to Invictus is that its stated aims are clear, and its development is done in an open and transparent way. I dont want some slick salesman giving me BS, and this video reminded me exactly why investing in Dan's company was a great thing to do. Also, think of Dan's feelings before you write something offensive again.

+1

Knowing who is behind the product/idea creates trust and is, compared to most competitors, unique in the crypto space. Listening to the one that created and understands the product creates way more trust than a slick guy speaking perfectly without a clue of what he is talking about. Dan is def. a good speaker.
Also much comes from not having endless time on everything. You can see how he read the text from a screeen or something. But consider that there are so many things that have to be done atm. Many of which we are probably not so aware of. So I find it perfectly fine. And being comfortable infront of a camera is a matter of parctice only like public speaking is.

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Offline unimercio

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While explaining to my business partners how BTS,PTS and AGS worked I had to create this infographic to explain it. The infographic on page one inspired me to share mine with the community. There are some differnces in how the X chains are distributed from the first infographic so I am wondering which one is correct. In mine I assumed that BitsharesX/XT would work like a tree, in which BTS -> BTSXI and BTS -> BTSXVI, some clarification would be nice.



fullsize:
http://i.imgur.com/VIJR9iz.jpg

Excellent infographic  +5%
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Offline bytemaster

Follow the code commit history... if V uses code from I then it should inherit positions from I and not XT.
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline cryptosig

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While explaining to my business partners how BTS,PTS and AGS worked I had to create this infographic to explain it. The infographic on page one inspired me to share mine with the community. There are some differnces in how the X chains are distributed from the first infographic so I am wondering which one is correct. In mine I assumed that BitsharesX/XT would work like a tree, in which BTS -> BTSXI and BTS -> BTSXVI, some clarification would be nice.



fullsize:
http://i.imgur.com/VIJR9iz.jpg

Great info graphic...  we would like to avoid any confusion about Corporations which are legal entities and DACs which are software with no legal standing or definition. 

Second... we are very interested in having the wide spread understanding our role is to produce software, the communities role is to allocate stake and launch the software.   We cannot make any promises of allocation; however, we theorize that market forces will conspire to honor recommendations we make even in the extreme case of our team being killed in a plane crash and someone else is left to finish the software.
I completely understand from a legal point of view what you mean.

My goal was to make business people understand the system in a way they understand. PTS and AGS is not venture capital, but can be thought of as similar rolls that VC would play in getting equity in a corp they invest in. Similarly the DACs don't have products, but people understand that corporations make products and they get equity out of those products.

The invictus inovations section was also never meant to indicate products I3 would release directly just the software and the 50%/50% stake in future software created by i3 that was discussed previously.

Also can you shed some light on how the BTS will be distributed in chains. Is it like the first graphic, where the snapshots are taken from the previous chain:
BTS>BTSXI>BTSXV

or is it more like mine, where all bts chains derive the snapshot from holders of BTSX at the time of genesis:

        BTSX
          |
--------|----------
|         |           |
XI      VI         XC
BTSX: wallet_approve_delegate cryptosig
KEYID: wallet_approve_delegate delegate-cryptosig

Offline NewMine

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I don't think you understand the implications of this technology. Apple and Steve Jobs are a jokes when compared to the utility of this advancement in consensus technology. This isn't about money, this isn't about companies, this is about changing the traditional economic and governing systems through the most immediate and accurate forms of consensus and decision making possible. There is no point in debating this, you simply do not understand enough to engage with on this topic.

Nice logic there! How big of you.

Lets wait a few weeks (maybe a few years) and see what happens when the network jumps from a few beta testers to a mass amount of users if it makes it that far.  You may be right and I hope you are! You are still counting your ducks before they hatch and living amongst the cloud(t)s.

Offline bytemaster

While explaining to my business partners how BTS,PTS and AGS worked I had to create this infographic to explain it. The infographic on page one inspired me to share mine with the community. There are some differnces in how the X chains are distributed from the first infographic so I am wondering which one is correct. In mine I assumed that BitsharesX/XT would work like a tree, in which BTS -> BTSXI and BTS -> BTSXVI, some clarification would be nice.



fullsize:
http://i.imgur.com/VIJR9iz.jpg

Great info graphic...  we would like to avoid any confusion about Corporations which are legal entities and DACs which are software with no legal standing or definition. 

Second... we are very interested in having the wide spread understanding our role is to produce software, the communities role is to allocate stake and launch the software.   We cannot make any promises of allocation; however, we theorize that market forces will conspire to honor recommendations we make even in the extreme case of our team being killed in a plane crash and someone else is left to finish the software.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline cryptosig

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While explaining to my business partners how BTS,PTS and AGS worked I had to create this infographic to explain it. The infographic on page one inspired me to share mine with the community. There are some differnces in how the X chains are distributed from the first infographic so I am wondering which one is correct. In mine I assumed that BitsharesX/XT would work like a tree, in which BTS -> BTSXI and BTS -> BTSXVI, some clarification would be nice.



fullsize:
http://i.imgur.com/VIJR9iz.jpg
BTSX: wallet_approve_delegate cryptosig
KEYID: wallet_approve_delegate delegate-cryptosig

Offline bytemaster

I am flattered by such comparisons as Steve Jobs was always a hero of mine growing up and someone whom I admired.    I am but one man who strives to do his best, but like everyone else is terribly flawed in many ways.   What makes this project a success is the community and the principles we stand for. 

I have found that viewing your life as an epic adventure makes it more fun to live.  So I often view myself as Frodo carrying the Ring of power to be thrown into the fire of decentralization.  We are being fought on all sides by those who would enslave man kind and the all seeing eye is watching our every move.   



Living an epic life is just more fun even if you end up dieing  for the cause. 

So while comparing us to Apple in 2010 is not appropriate,  I do feel that viewing this movement like Apple in the 1970's may be appropriate. 




For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

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I don't think you understand the implications of this technology. Apple and Steve Jobs are a jokes when compared to the utility of this advancement in consensus technology. This isn't about money, this isn't about companies, this is about changing the traditional economic and governing systems through the most immediate and accurate forms of consensus and decision making possible. There is no point in debating this, you simply do not understand enough to engage with on this topic.