Topic: Bitshares oligarchy rearing it's head (Read 4636 times)

Where do these hordes get their news and discuss Bitshares? Presumably there would be millions of posts in Chinese somewhere.

BitShares has a very wide range of supporters with differing ideas about how things should be done.
Some want it run like a professional company, some want it run like a movement, some want it run like a technical society.  Most of us don't want it to be "run" by anybody.  It is a decentralized company, after all.

We believe we should respect these various interests, and give their leaders some time to work out a consensus that will be suitable for everybody.  If you want to participate, get in contact with others who think like you and participate in discussion groups that have been ongoing since the issue was first raised.  Or ask Fuzzy to help you set up a your own public or private discussion session where you can invite others you agree or disagree with to exchange views and help guide the consensus that is forming.

From what I have seen, the consensus that seems to be forming goes nowhere near the extreme strawman arguments that some have been trying to raise here. 

The challenge is to find the most fair and reliable process for disseminating information in a way that prevents market-moving misunderstandings.  The discussions are looking for ways that ideas can be openly discussed without causing rumor-induced panics that harm investors who don't have time to track the day to day discussions that now take place everywhere at everytime. 

Dan and I are trying to avoid biasing these discussions so that new leaders get a chance to represent the many BitShares stakeholders who will be the ultimate keys to its success.

Everybody knows what we think already.  Its been published everywhere.  Time to let some new voices make their case to the BitShares community.  That's what is happening now.   

That is not why Ethereum moved to Switzerland.  They did an initial IPO and accepted BTC back in January (20140 but then the Ontario Government (Canada) came at them for running an illegal crowd fund and they had to shut it down.  

However to resurrect the same IPO, months later, in another country isn't going to absolve them of a crime in the long run once Ethereum gets too big

Developers need to watch their steps carefully, freedom and support of entrepreneurship is long gone.  Most countries have shifted financially to guilty until proven innocent.  However sad this situation is, there may be no alternative until crypto becomes a widely support positive business.

The world is getting smaller:
http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act


Countries (politicians) have become more worried about getting votes by speaking of highly controversial topics instead of pushing for job creation.  Hard to imagine why a country, perhaps one that is struggling financially, has not been an advocate of crypto and would back investors who create jobs around this field.

I don't understand why they're doing this in the US. That seems like an extremely poor choice of venue for a project like this. Even if they try to do everything by the book I wouldn't be surprised if it's costing them hundreds of thousands of dollars in legal fees.

Ethereum moved to Switzerland I believe. There's probably quite a few good places in Asia that would be much better suited for this type of project I think. The cost/benefit to staying in the US seems off to me, but maybe there's something I'm not considering.

Awhile back there was a scare among the community of dev's that big brother was looking into them and going to have a field day.  Did anyone think for a second that these steps are legal precautions where every word may now be monitored and used against them in a court of law?  Perhaps those letters did get mailed and this is a lawyers reaction?

This class of shareholder will henceforth be referred to as _________________________.

I will personally send 1000 BTS as a marketing bounty to my favorite answer

Dan is a coward for freedom to bow to his new Chinese overlords.


You're right, that is a bit confusing.  They should simply claim to be the employees of a company that is for sale to the highest bidder.  A purely capitalist enterprize.  If Hitler's spawn bought $10k in BitShares and told Dan to __________________insert non-Libertarian action__________ then precident dictates that he would continue to sell his soul.

So in order to eliminate investor confusion Stan, I believe that both you and Dan should quit confusing your investors with your political ideologies and either shut up about your political opinions or align them with those of the top shareholders because you are no longer men, but corporate slaves like the rest of us who toil for big business.

Your free market coin was bought by corpratists, and you will tow the line.  Speaking of Libertarianism from here on out is no different than you releasing insider information about a merger before your PR release officially happens.  In other words:

If you are going to shut your mouth on important stuff, then keep it shut!  Your wants, hopes, and dreams for the future of BitShares and your Libertarian Utopia will no longer be taken seriously.  They would only be hypocracy.  

In a Libertarian free market Utopia, he would be fired for such brazen treason to core ideals, however, in this corporatocracy, I don’t see how he could lose his highest paid delegate status because he has supported his Chinese lords (who obviously have voting power) plans to create a sub-class of individuals who are to be kept without knowledge until the upper class (those with the knowledge) decides to give the knowledge to the lower class sub-humans.

So now we have Libertarian Stan who was getting paid to spout Libertarian ideals, but can’t anymore because the strategic political direction of the company has obviously changed.  Will Stan continue to collect the largest possible paycheck (which he was already collecting at the shareholders expense).

YES

I think that you are straying from the topic of the OP which is a simple reporting of the fact, not fear, that the planet can now be divided into 2 distinct types of people:

1. Those who know the BitShares news before the official PR report is published.  The OP refers to this group affectionately as the "Oligarchs," but the term "capitalist insider" could fit as well, or you could call them simply "the informed," or "keepers of secrets," whatever, but it does not change the fact that these particular humans are now permanently distinguished as different if not more privileged (who would not want to be like them?) than the other class of humans that has now been created which is conversely:

2. Everybody else, or the uninformed, or ____insert "discriminatory" (not to be confused with "derogatory") term to effectively (or unaffectionately) label this particular type of human being as being "different" than the first class___.

Nobody is disputing or afraid of this simple fact that some BitShares holders are now "different" than others, and I do believe that everybody who learns of this fact will intuitively understand exactly which class of people that they belong to.  The message has been clearly portrayed.  If you want to discuss something pertaining to the topic of the OP, then why don't you tell me what name you will give to this class of humans (should we still refer to them as humans?) who are now considered "different"

Please  discuss, I would love to hear what clever marketing you have up your sleeve.

This class of shareholder will henceforth be referred to as _________________________.

I will personally send 1000 BTS as a marketing bounty to my favorite answer

Incidentally, an ancient definition of the word "fear" is "that which is created the moment something is named or labelled," that is why the Dao or Tao is nameless.  That which is nameless cannot be possessed.  Slave class citizens are property. 

Speaking of fun facts, the market cap of all USA Slaves prior to emancipation exceeded that of all USA real estate, or USA bank balance sheets, or total capital sunk into any USA business sector.  The total capital business book value of all the USA slaves was larger than the total capital book value of any other industry in the US.  Therefore, it is not without free market capitalist precedent that some anonymous BitShare holders (no community vote occurred) have voted to harvest a new slave class of __________(insert 1000 BTS prizewinner)_____.  Now that BitShares, the corporation, has harnessed the power of corporate slavery which has been proven most lucrative, its market cap will surely be sustained at these levels, but at what cost?  The cost of freeing the slaves would be that there would have been some cheap shares on the market as soon as the slave driving Chinese sold their shares in disgust at Dan's refusal to create 2 separate classes of shareholder. 

I would have bought some of those cheap shares and stood proudly beside you my fearless freedom fighter, but instead, you sold me into slavery my friend, and I'm sitting here ralphing my guts out regretting the time I wasted fighting for a coward.  My own personal historical horror show will endlessly loop within my subconscious afterlife as the sinister realization of the heinous punchline that not only did I condone slavery, but championed the whip as well.  What a soul sucking learning experience this has been for me.

I thought that we would fight fearlessly to the death together, but instead, I'm betrayed.  Such is my destiny.

The topic of this thread is not weather or not anybody is embarrassed by this fact, or intends to do anything about the perfectly legal insider trading that can now occur prior to an "official BitShares PR"; this thread is simply designed to enlighten the world to this freshly created crypto fact.

"Back in the day, buying a slave was like buying a Ferrari.  Congratulations on your purchase BitShare holders.  Drive it with pride!"

I receive 4060 BTS for each 10 hour day which works out to about $4.35 per hour at current BTS price.
(This is 1/3 of what I could make at McDonalds.)

My delegate job description may be found here: Stan's Delegate Duties in a thread where the BitShares community debated the value of my particular delegate role.

As you can see, my BitShares job description has nothing to do with "PR".

I answer polite questions here in my spare time -- just because I love you guys.

learning when to keep our mouths shut.