[Announce] Project Quixote - BitShares, BitNames and 'BitMessage' - page 7.

QuantPlus

sr. member

Activity: 280

Merit: 250

Quote from: bitcoindigi on September 06, 2013, 10:30:04 AM

Quote from: charleshoskinson on September 05, 2013, 03:32:51 PM

as a result of our recent censorship we will be moving this discussion to a more effective medium. hang tight

kinda sad though. what medium are you going to use?

You guys are waaaay underestimating the power of Alt Coin to launch.

You basically got Ripple on a blockchain minus the venture capital...
And biggest problem you'll face is bootstrapping it to several 100 REGULAR users...
Which OpenCoin has totally failed to do in 6 months.

If you maintain a good image in the Alt Coin Forum and keep this thread near Page 1...
You will EASILY bootstrap it from here like a fucking rocket.

bitcoindigi

full member

Activity: 238

Merit: 100

Quote from: charleshoskinson on September 05, 2013, 03:32:51 PM

as a result of our recent censorship we will be moving this discussion to a more effective medium. hang tight

kinda sad though. what medium are you going to use?

charleshoskinson

legendary

Activity: 1134

Merit: 1008

CEO of IOHK

as a result of our recent censorship we will be moving this discussion to a more effective medium. hang tight

bitcoindigi

full member

Activity: 238

Merit: 100

any news?

jedunnigan

sr. member

Activity: 279

Merit: 250

Daniel what happened to your LTB post? I didn't get to read it before it was deleted....

favdesu

legendary

Activity: 1764

Merit: 1000

Yeah, an IRC channel would be great too.

bytemaster

hero member

Activity: 770

Merit: 566

fractally

Quote from: becoin on September 03, 2013, 01:20:06 AM

Quote from: charleshoskinson on September 02, 2013, 02:19:48 PM

Quote

What money they'll lose?

They can lose only BitUSD. They can't lose FedUSD because you have no access to their FedUSD. The value of BitUSD is absolute zero if losing BitUSD doesn't automatically inflict losing the "real" stuff (FedUSD)!

First you never lose BitUSD, their value decreases relative to another asset such as BitShares or Bitcoin. Second, this statement would also assume Bitcoin have no value whatsoever because they are not directly pegged to the USD.

Bitcoin is pegged to Bitcoin while bitUSD is pegged to FedUSD! BitUSD is a derivative of FedUSD that allows exchange rate and interest rate exposure to the instrument it is derived from by doing nothing but just holding it. If you tell BitUSD/FedUSD market participants that they will never lose their BitUSD while BitUSD is pegged to FedUSD, you're killing the incentive of having a market.

Could you please elaborate on this because it makes no sense to me.

They can never lose their BitUSD because it is an unspent output in the blockchain only spendable by a signature. There is no margin call for BitUSD. So perhaps you mean something different?

*edit*

Ok, I see what I missed... why would there be a BitUSD / FedUSD market? It would be a very narrow trading range which is exactly the goal because it means that BitUSD will be almost as fungible as FedUSD and the volatility will be entirely on changes in the perceived risks of BitUSD, the expected dividends, and the premium required to convince BitUSD holders to sell a dividend paying position for a non-dividend paying position, and the transaction fees associated with using the traditional banking system.

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: charleshoskinson on September 02, 2013, 02:19:48 PM

Quote

What money they'll lose?

They can lose only BitUSD. They can't lose FedUSD because you have no access to their FedUSD. The value of BitUSD is absolute zero if losing BitUSD doesn't automatically inflict losing the "real" stuff (FedUSD)!

First you never lose BitUSD, their value decreases relative to another asset such as BitShares or Bitcoin. Second, this statement would also assume Bitcoin have no value whatsoever because they are not directly pegged to the USD.

Bitcoin is pegged to Bitcoin while bitUSD is pegged to FedUSD! BitUSD is a derivative of FedUSD that allows exchange rate and interest rate exposure to the instrument it is derived from by doing nothing but just holding it. If you tell BitUSD/FedUSD market participants that they will never lose their BitUSD while BitUSD is pegged to FedUSD, you're killing the incentive of having a market.

AnonyMint

hero member

Activity: 518

Merit: 521

I wouldn't worry about being moved. If you produce the coin that people are clamoring for, they will be beating down your door.

It is all about getting the feature set correct. On that point, I think I can beat you Wink

...we will see...

Sincerely good luck. I hope you produce something that really solves the problems I have with Bitcoin.

jedunnigan

sr. member

Activity: 279

Merit: 250

Quote from: charleshoskinson on September 02, 2013, 07:10:37 PM

Quote

The decision should be appealed (if at all possible).

No it cannot and this points out one of the core problems with centralization. We are very glad to be in the business of building tools that make things like this not happen to future entrepreneurs. Censorship and FUD are the tools of a losing side.

I would like to thank everyone who has posted here. We have read some amazing comments and I am really proud of the raw intellectualism and depth of this community. You guys are great. I hope we can keep this dialogue going for as long as possible. And I hope we can keep it going in increasingly more effective channels.

Beside the new forums and the subreddit, would you like any other means of connecting and collaborating with us?

If I had to guess, an IRC channel at some point down the line. Maybe after some more traction has been gained...

Quote from: bytemaster on September 02, 2013, 07:09:38 PM

Quote from: jedunnigan on September 02, 2013, 07:07:00 PM

Quote from: charleshoskinson on September 02, 2013, 06:48:54 PM

Mastercoin, namecoin and Bitmessage all get to stay and we don't. It is a very dark day.

The decision should be appealed (if at all possible).

Don't worry, these kinds of things will no longer be a problem once we decentralized the forums... but one thing at a time.

Haha, fair enough.

charleshoskinson

legendary

Activity: 1134

Merit: 1008

CEO of IOHK

Quote

The decision should be appealed (if at all possible).

No it cannot and this points out one of the core problems with centralization. We are very glad to be in the business of building tools that make things like this not happen to future entrepreneurs. Censorship and FUD are the tools of a losing side.

I would like to thank everyone who has posted here. We have read some amazing comments and I am really proud of the raw intellectualism and depth of this community. You guys are great. I hope we can keep this dialogue going for as long as possible. And I hope we can keep it going in increasingly more effective channels.

Beside the new forums and the subreddit, would you like any other means of connecting and collaborating with us?

bytemaster

hero member

Activity: 770

Merit: 566

fractally

Quote from: jedunnigan on September 02, 2013, 07:07:00 PM

Quote from: charleshoskinson on September 02, 2013, 06:48:54 PM

Mastercoin, namecoin and Bitmessage all get to stay and we don't. It is a very dark day.

The decision should be appealed (if at all possible).

Don't worry, these kinds of things will no longer be a problem once we decentralized the forums... but one thing at a time.

jedunnigan

sr. member

Activity: 279

Merit: 250

Quote from: charleshoskinson on September 02, 2013, 06:48:54 PM

Mastercoin, namecoin and Bitmessage all get to stay and we don't. It is a very dark day.

The decision should be appealed (if at all possible).

charleshoskinson

legendary

Activity: 1134

Merit: 1008

CEO of IOHK

Quote

thread is doomed now since it has been moved to the most ignored subforum in history. Please, begging you one more time, open a reddit or something!

Reddit and our own forums are on the way. It is beyond belief we were moved after mastercoin, namecoin and bitmessage got to stay.

Quote

I just have a major problem with other people deciding for me what I should see to promote their own political agendas. If this had been buried earlier, I wouldn't have seen it, and I've been very interested in Bitshares from its beginning announcement, along with all the other p2p exchange proposals.

I agree and it deeply disappoints me. We are planning on at least 100k worth of community bounties to help us build BitShares and friends. Being buried in this subforum means we have to offer the bounties through different channels and to a different community. Ultimately this decision- done with no notice or debate- has only hurt the Bitcoin talk community.

Quote

Very active threads such as this should not be moved, period. This has consistently been at or near the top for the last few days since it started, as has Mastercoin. I could see categorizing it when activity and interest die down, but not now.

Mastercoin, namecoin and Bitmessage all get to stay and we don't. It is a very dark day.

jedunnigan

sr. member

Activity: 279

Merit: 250

Quote from: td services on September 02, 2013, 03:48:38 PM

I just have a major problem with other people deciding for me what I should see to promote their own political agendas. If this had been buried earlier, I wouldn't have seen it, and I've been very interested in Bitshares from its beginning announcement, along with all the other p2p exchange proposals.

That's not a good reason to put it back in PD.

It appears to be moved on the basis that the Bitshares protocol enables 'polymorhic digital assets', a feature mods seem to think implies an exclusive relationship with alternative cryptocurrencies. This perspective sheds light on the limited understanding many have of BitShares. Not to mention, by that logic, as bytemaster pointed out, Mastercoin belongs here as well.

In reality the move seems to have some alternative motive/bias, as gmaxwell came in the thread earlier and pointed out he thinks it should be moved. He may have motivated theymos to move the thread (not that I really care, just pointing it out). If they are intent on moving it out of PD they should at least not stuff it somewhere it doesn't belong--if anything they should create a new subsection dedicated to layers on top of/as adjuncts to Bitcoin.

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

I just have a major problem with other people deciding for me what I should see to promote their own political agendas. If this had been buried earlier, I wouldn't have seen it, and I've been very interested in Bitshares from its beginning announcement, along with all the other p2p exchange proposals.

cryptrol

hero member

Activity: 637

Merit: 500

There is so much alt coin hate around here, can't really blame anyone considering the massive amount of crap coins out there.

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Very active threads such as this should not be moved, period. This has consistently been at or near the top for the last few days since it started, as has Mastercoin. I could see categorizing it when activity and interest die down, but not now.

bytemaster

hero member

Activity: 770

Merit: 566

fractally

Quote from: favdesu on September 02, 2013, 02:50:11 PM

thread is doomed now since it has been moved to the most ignored subforum in history. Please, begging you one more time, open a reddit or something!

Our own forums are almost ready. Is it just me or is it biased to move bitshares threads to this sub forum and not move master coin.

favdesu

legendary

Activity: 1764

Merit: 1000

thread is doomed now since it has been moved to the most ignored subforum in history. Please, begging you one more time, open a reddit or something!

Topic: [Announce] Project Quixote - BitShares, BitNames and 'BitMessage' - page 7. (Read 48297 times)