Patrick Byrne - Bitcoin Conference Announcements

[arhag]

It is cheaper and better but stock holders usually have investments in tens and even hundreds of different entities - each of them having its own system is not most convenient and  most likely not the cheapest solution for the investor. When exchanges  do become available offering the same benefits as those in-house solutions as the Overstock/IBM ones, it will be hard justifying using only their in house exchange.

 

It would be annoying (and can add up in fees) to use cross-chain trading to move currency from one company's stock exchange to another all the time for a trader.

In addition, with a blockchain cryptostock that the company has full control over, it ends up being no different than a centralized exchange solution: you need to trust your currency held in the exchange (whether to buy the stock or the money received from selling it) with the company running that exchange. The whole point of the decentralized exchange is that we no longer need to trust companies with our money in order to trade. Also, it is not clear that the company would want to deal with the added liability of safely holding the trader's funds.

I think there would be multiple stock exchanges DACs (for scalability reasons) but not too many because of the inconvenience of doing atomic cross-chain trading of BitCurrencies from one blockchain to another.

[tonyk]

I suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.

This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.

You and (if toast is serious too)  think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.

It's cheaper and better for their shareholders. It's not a matter of long term necessarily in the business world.

I don't know how Overstock is run but most corporations just want to profit.

It is cheaper and better but stock holders usually have investments in tens and even hundreds of different entities - each of them having its own system is not most convenient and  most likely not the cheapest solution for the investor. When exchanges  do become available offering the same benefits as those in-house solutions as the Overstock/IBM ones, it will be hard justifying using only their in house exchange.

[fuzzy]

I suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.

This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.

You and (if toast is serious too)  think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.

It's cheaper and better for their shareholders. It's not a matter of long term necessarily in the business world.

I don't know how Overstock is run but most corporations just want to profit.

%5

[luckybit]

I suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.

This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.

You and (if toast is serious too)  think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.

It's cheaper and better for their shareholders. It's not a matter of long term necessarily in the business world.

I don't know how Overstock is run but most corporations just want to profit.

[tonyk]

I suspect that Overstock is going to fork the code and announce their own platform. This would explain why they are querying the community about how to build one. There is a clue I found where they were seeking to hire an expert programmer with a resume a lot like Dan.

This isn't to say that Dan is involved but that Overstock is seeking someone with a skillset which is remarkable in similarity. It leads me to believe they are going to build their own platform and why not? They have the money to do it.

You and (if toast is serious too)  think that own blockchain belonging to a huge company is good idea and the best solution. And while I understand how this will be better then the current state of affairs in a lot of ways; I fail too see how in the long run it will be better for them to use their own centralized solution instead of a public/decentralized one, when such decentralized platforms are readily available.

[carpet ride]

How many dedicated people do we have on the marketing team?

It would be nice to start making a push into all demographics at the Vegas conference

[Method-X]

Peershares has done a good job explaining that it is a foundation for custom blockchain solutions, while bitshares is still synonymous with btsx for most of the world

Sent from my SCH-I535 using Tapatalk

IMO we have to get prof. hand outs / Broschures or whatever for

- Investors (What, when, why)
- Companies (Individual Blockchain/public+intern etc.)

Honestly i like the way ripple do this ... they have presentations for all target groups…

  This guy gets it. All target demographics.

[cass]

Peershares has done a good job explaining that it is a foundation for custom blockchain solutions, while bitshares is still synonymous with btsx for most of the world

Sent from my SCH-I535 using Tapatalk

IMO we have to get prof. hand outs / Broschures or whatever for

- Investors (What, when, why)
- Companies (Individual Blockchain/public+intern etc.)
- exchanges
- enduser
- trader
…

Honestly i like the way ripple do this ... they have presentations for all target groups…

[luckybit]

I highly doubt Overstock will announce a particular platform they are going with in 10 days.   When we talked with them they were very early in the process.

It could be that they only had those talks to acquire strategic information on how to build a system using their own programmers (Bill Gate's, Steve Jobs, Xerox). Then they would be able to launch their own decentralized stock exchange and use the technology and ideas without giving credit to the Bitshares and other communities. They could bank on the fact that they are a well known credible centralized company that people trust.

Using their own chain they don't have to pay fees to Bitcoin either. So I don't see why a company would go to Counterparty.

[willaim]

it's well known that one of the most advantageous points for chinese company is to customise a new solution (here is a blockchain customization) with the fastest speed. you may remember the same story in film <2012> while the chinese factory finished a new ship during 2 weeks. yes, peershares generated it quickly with full controlled power by overstock. However, this blockchain will be "single computer and die" chain if only peershares and overstock use it.
the second company would like to be the second overstock, so a new blockchain will be copyed and generated for the next company.......

it seems that customized user-assert (such as overstockcoin) is better solution.

It is very reasonable to want to issue shares onto a blockchain you have full control over

I don't know much about PeerShares, but if PeerShares and the BitShares Toolkit are both open source projects written by other people, why would one give Overstock more control over the other?

[bytemaster]

I highly doubt Overstock will announce a particular platform they are going with in 10 days.   When we talked with them they were very early in the process. 

[Gentso1]

I think some of the overstock talks may have been slightly exaggerated.

 

[tonyk]

6/10 is in just 2 weeks, not too much waiting left to learn more...
In the mean time, I have this post https://bitsharestalk.org/index.php?topic=8832.0 ,so in my world BM is truly not aware what Overstock is thinking...


As for this :'It is very reasonable to want to issue shares onto a blockchain you have full control over', I tend to think toast is joking.

[willaim]

it's well known that one of the most advantageous points for chinese company is to customise a new solution (here is a blockchain customization) with the fastest speed. you may remember the same story in film <2012> while the chinese factory finished a new ship during 2 weeks. yes, peershares generated it quickly with full controlled power by overstock. However, this blockchain will be "single computer and die" chain if only peershares and overstock use it.
the second company would like to be the second overstock, so a new blockchain will be copyed and generated for the next company.......

it seems that customized user-assert (such as overstockcoin) is better solution.

It is very reasonable to want to issue shares onto a blockchain you have full control over

I don't know much about PeerShares, but if PeerShares and the BitShares Toolkit are both open source projects written by other people, why would one give Overstock more control over the other?

[bluebit]

So is the rumor now that Overstock and Peershares might be working together?