Topic: | STRATIS | The first blockchain developed for businesses |Full POS - page 760. (Read 1891311 times)

Here's a quote regarding that question from the unofficial Stratis AMA on reddit:

“The first principle of Stratis is to make things easier on the business customers that they are targeting. So, if you are a company who decides they need a blockchain, or a blockchain app, you may not know anything about how to securely set up a blockchain, or what coin software to clone. Furthermore, you may have no idea what to do if there is a bug in your blockchain code. So you have a barrier to entry: you need to find and hire blockchain developers. Because this is a new field, you are going to have difficulty finding developers who are experienced in blockchain development in your area, and the ones you do find may be very expensive to hire. However, you probably as a company have some general c# developers that can understand basic bank account style operations - checking balance, sending money, receiving money.

Now, once you have chosen your blockchain software, you have to set up servers that run the software, and if they are insecure, someone could mess with your blockchain. If you build a blockchain that is mission critical, say a decentralized clearing house between two fintech companies, then this could have economic consequences if your blockchain setup has a security problem.
So given these risks and costs, it is appealing to have a product that promises to be secure and easy. Now you just pay some money and the blockchain is created for you with Stratis, and your developers can focus on building the application that uses the blockchain.
And yes, if you use Stratis, you'll have some example code that does some things that you need, and whenever Stratis releases new features, your sidechain will be able to pull those code changes in. So you let Stratis worry about developing new chain features and security of the blockchain, and you focus on your apps.”




Again I quote a reply from the AMA which answers a question similar to yours:

"The main purpose of Stratis is to make it easy for businesses to use the blockchain. The plan for this is to (1) use C# language, which is dominant in businesses, instead of c++ like bitcoin (2) make it so that businesses don't have to handle the details of setting up a blockchain because they can do it on a simple website (3) provide consultancy support, so that businesses have experts to turn to for help.

When they are successful at getting businesses to use the platform, the business will need to purchase Stratis to give value to the side chains that they want to create.
So right now there is a total of around 98 million Stratis in circulation. If a company wants to have a side chain with 1 million tokens on it, they need to have 1 million Stratis, they lock it, and these tokens are moved to the side chain. If the side chain remains running permanently, these tokens will be out of circulation permanently.
So, the point I am making is that the more businesses that create side chains, the less stratis there will be in circulation, which would create a scarcity effect.

This might result in a situation where every time a new business deal with Stratis and a new company is announced, the price of Stratis spikes in expectation of increased scarcity.
If you consider where the money is, alt coin investors is a small amount of money, but business deals can be a large amount of money, measuring in millions of dollars for technology based solutions."

If you want to read more from the AMA here is the link:

https://www.reddit.com/r/stratisplatform/comments/5fdmr4/ama_stratis_questions_and_answers_about_stratis/

Hats off to you good sir, thanks for the discussion I appreciate your personal opinions and thoughts.

enlighten me then, because let's say one day stratis makes it big, their tech/services get implemented with big name companies etc etc, guess what you're trying to say here, will be moot

You obviously have no clue.  I was that way once.  You'll learn.  I think you have it in you.

Awesome post.
I'm not lying when I say that you are one of the smart people.
You obviously are looking through the window with the blinders rolled up.

Still didn't answer the question though but gave it a good try.
Holding a good chunk of Stratis obviously.  You have to be diplomatic to protect your investment.

Rule number one when it comes to exposing scams.
It really is a rock solid rule.

Coin developer remains anon.


Who's Stratis developer Mr Chris Tree.  You can find lots of info about him on the internet and it all good, he has also made several interviews, in which clearly he knows what he is talking about. He a public person.

So Mr scam buster, you could not be more wrong about this coin, even pros fumble and this fumble you made, this.massive.mistake just cost you the super bowl.

And talking about public person, who are you? You are too afraid to be public and you have good reason, if I was a coin dev that is genuine, hard working and honest and you started throwing accusations like this around, I'd sue you, make no mistake about that.

Something else either you had an oversight on or don't get the concept:
 
Also, by forking Stratis code base and utilizing it internally they do not benefit from the security and the decentralization provided by the Strat blockchain so they may may as well just use SQL.

Privatizing the blockchain using their own devs doesn't provide security measure of a decentralized network. Regardless if they know/can code C# or any other language for that matter.

You miss the point, it's about how it's used on the application level where the dominant corporate business software language is in C#, Therefore it makes rapid application development to port to bitcoin much more efficient and secure for the service the blockchain is provided for. Why try porting Java applications to C++, rather than Java to Java, so and so forth. like you said don't reinvent the wheel, it's not reinventing, it's adapting

I just want to say Personally I think your awesome, really you've straight up slayed some real douche bags in the past.

I'll try and answer you the best I can, honestly you can ask the CEO directly on the Slack I think a lot of what you question has been asked and discussed with him. The team is really approachable, you can even follow the  #csharp_development on slack with Nic and Chris and dangershoney. And they take suggestions openly.

You bring IMO one of crypto's real undiscussed problems is how in the hell are all these open source projects going to make investors in coins that have 20million - 100 million coins profitable?? Is there a single coins yet that has achieved this? I think Factom is on the way, but it's really hard to get the data to back it up publicly.

One thing that is not mentioned are the personal business networks, FCT obviously had good connections in the real world and are able to turn these into real business.

I think, and this is just my observation from hanging out on the slack and assuming Dorirer has insane connections lol, i get the feeling (i know how reassuring is that)  this team in real life is very well connected in London. Outside of that I don't know.

How Chris plans on making the coins and tech viable he has expressed several times that he is obsessed with the notion.
The sidechains will cost, the 1 way and two way pegging will cost in stratis. (I'm really bad at this part so bare with me I'll post a reddit link to the Q&A) Also a major part of their business plan is consulting fees with clients. Yes there will always be ppl that will just fork, kind of like how i'll just fix my own car. But there will always be ppl who don't want any hassle and they will hire the source company to roll it out for them. He's expressed that there will be basically commissions or a kind of dividend to the holders.

The world is full of managers who just get paid to make things happen, these ppl hire who they perceive "are the best" or whomever they can afford.

Of course this stage of the crypto adoption is 99% speculation in terms of will the real world use it brings, i'm not an idiot lol.
In the world of speculation i'm betting this team has got what it takes based on years of being around coins and teams and progress.

Please give them a chance before you write them off just off the WP, things have progressed a lot since it was published the scope of the project is bigger.

Come to the slack be civil ask them some tuff questions then make a judgement.

Mind if I ask which coins you think are winners?  

p.s some really great ppl around this coin too

https://www.reddit.com/r/stratisplatform/comments/5fdmr4/ama_stratis_questions_and_answers_about_stratis/

Why use an existing chain when it's open source?  Answer that question.  You can't. 

No answer because one doesn't exist.

Bring some sanity to crypto

To tell the truth

Why are you here? 

None.  
Do you actually believe that any of these ICO projects will ever be anything more than a transfer of wealth?

So which project do you see worth investing in, if Stratis is just scam?

I'll bring this back up to remind people of my previous warnings.

900+ BTC
Where did it go?

You've been had.  I laid out the facts.  If you can't see them you're blind.

You're obviously naive.   C# is one of the easiest OOP languages to learn.  There are hundreds of thousands of people more than capable of programming in C# just in the state of New York.  It's nothing special.  The reason nobody's ported bitcoin to C# is because they're making money doing other things.  You could make a bitcoin daemon in Fortran.  It doesn't mean it's any better than what's already out there.  There is already a coin written in Pascal.  And I bet if someone wanted to waste the time they could do it in many other languages.  Pascal is one that comes to mind because there is a coin written in that language.  It doesn't make it any kind of game changer.
I don't see the need for a bitcoin client written in C#.  You can run the current bitcoin daemon and access it with RPC calls.  Why reinvent the wheel?  A C# implementation of the bitcoin daemon achieves basically nothing.
Nothing to see here.  But feel free to contribute your bitcoin for nothing.  Might as well just book a flight to Las Vegas and play Roulette.  Because your're not investing your gambling.
  

Simple not all companies will have a tech team to fork and develop their own version. So they'll want to hire in this case Stratis Consultancy to develop/administer/support the Blockchain/app at the technical level, rather than hiring their own in-house team. Many companies contract 3rd parties for various company projects and goals. It's significantly cheaper hiring an outside Service Provider than having someone internally on the company payroll.

Here is the meat and potato's.  Stratis is open source as it should be.  I'm not denigrating the technology.  Dorier is a spectacular developer.  He's awesome.  There is no denying his coding skills.  They are proven.  I'm not disputing that fact.  What I am disputing is any financial gain from holding Stratis coins.  Why would any company, and they claim-to be targeting the corporate market, buy coins from the bag holders when they can fork the open source solution and amend it to their needs?

What possible incentive do they have to even bother with the existing chain?  Think about that.  That logic applies to all of the other open source platforms that these scammers are shilling.  Why use an existing chain when it's open source?  Answer that question.  You can't.  
You can speculate on some altcoin exchange but the reality is that any entity adopting blockchain technology is just going to fork an existing solution leaving your holdings on one chain meaningless.  How am I wrong with my assertions? It's not just Stratis but all of the other so called revolutionary platforms for financial, data storage, historical data, etc..  Most are open source and if adopted by any entity will do nothing to bring value to any existing chains.

Glad to see good things are still happening here, just posting to show my appreciation!

Good work guys, keep it up