Topic: The final 2 days of Bitshares crowd funding. Don't miss out !! (Read 2455 times)

The snapshot taken on Feb 28th was for Bitshares X so anyone who invested in AGS up until that date will get their stake.

I have to disagree about it not being well thought out.  I would argue that this has been thought out far more than any other crypto-currency.  Many of the results have  been from a deeper inspection of what is actually going on.

For example - I don't read here as much as I used to, but I recently read a thread with complaining about a TV talking head suggesting making BTC be constantly inflationary.  Everyone starts comparing it to doge.  I'm pretty sure I'll be dead and long forgotten by the time Bitcoin stops inflating the money supply.  No one even stops to examine the underlying premise - that a currency needs inflation to remain secure.

I was under the impression that an investment in AGS would get you a stake in all DACs. Either way, it's not a well thought out way of doing things. I think I put .25BTC into AGS a while back, let's see what happens.

ROFL.  What a complex and wonderful question.

The basic problem is that due to innovation chains need to be separate.  If they were all the same chain it ends up like Bitcoin or Mastercoin/XCP.  The blockchain is seen as a metaphor to a company, so these are all individual companies that you can invest in.

Protoshares allows you to have a stake in any future DAC (Where the DAC honors the social consensus.)  AGS was a way for them to do crowdfunding.  You keep your private key to redeem stakes going forward.  It is never intended to be made liquid.

Bitshares X is the first and most ambitious product.  Unfortunately the genesis block was already been decided, but shares will be on the open market soon enough.  Bitshares X has market pegging of assets using something akin to a prediction market.

Next we will see p2p that implements namecoin.

THere is no crypto asset named Bitshares.  Thats pretty much just the term to refer to the ecosystem as a whole, which will be based off the bitshares toolkit and completely open source.

The point here is every asset has its own function like a company.  If they were all on the blockchain nothing would ever get done because of competing requirements.  Also, it would never work with the distribution of shares.  This lets entrepreneurs innovate just like a real company.

No, actually. Its instantaneous, even faster than the new NXT client (which much faster than its old client).

Why do these guys feel the need to issue 500 different cryptoassets? Bitshares, Bitshares-X, Bitshares PTS, AGS, I mean for fucks sake.

+5% for XCP !!!

Yeah I'd be interested in that too, I still haven't unlocked my proof of burn XCP because of the hassle. Will be great if it's simple.

Also don't forget all the other exchanges can only offer user issued assets, BitShares X will have market pegged assets. BitGold, BitUSD etc.

Oh and bump only 30 hours left of AGS 200 donation period! (After that you'll have to buy BitShares PTS to get a stake in future DAC's and the X DAC I mentioned above was already allocated on 28/02/14 but is pre-trading on bter & BTC38 under the symbol BTSX)

Here's the BitShares latest video if you want to learn about DAC's coming up - http://vimeo.com/100551015

(This is their previous behind the scenes 2 min video from couple of weeks ago - http://vimeo.com/98988328 )

Well I need to check it out.  I have to assume it still requires downloading the full bitcoin chain ?

I believe with Bitshares X the main exchange will not have cheap assets in order to keep out the clutter/scams, so I don't think the early versions of the exchange will be competitive in regards to the creation of cheap assets.

Just for your future reference the new Counterwallet is hands down the easiest wallet software I've ever seen. You can create assets for a fraction of the cost of NXT and the idea of being able to trade anything for anything seems to be a bit more doable there.

Having your username be the password is a pretty awesome idea even if its 12 words long.

From what I've read Bitshares is taking the idea of implementing crypto in real-world business to a whole new level, but all 3 platforms are elevating the reputation of the alt scene by succeeding at being innovative, IMHO.

I once wanted to download CounterParty and it needed a full bitcoin node.  They're neat technology but they are hamstrung by their reliance on Bitcoin IMO.  I agree, if you have to rely on any currency it is best BTC.  

It is even better yet to have your own currency like NXT/Bitshares X.

I misspoke when I called them weird...  I just find the 2 hard to categorize.  I just don't think either can innovate very well because they have to rely on bitcoin.  I'm a big fan of innovation in this sphere, so I like Bitshares.  Sounds corny, I know.

Heh "weird things." Hey, relying on the goodwill of Bitcoin is better than relying on any other cryptocurrency out there.

The only reason why more people aren't using Counterparty is because they are indeed a weird introverted bunch, but their product is more amazing than weird.

I am interested in Bitshares though because it sounds like maybe I can win the race to develop Skynet first.

Bump. Only two days of AGS donations left!

http://www1.agsexplorer.com/

I missed this.  Yes, I do get carried away at times.

There are 2 main reasons you want to get into Bitshares.

The potentially huge Bitshares X decentralized exchange.  NXT AE is the closest thing currenctly.  Mastercoin and XCP are weird things that rely on the good will of Bitcoin.  NXT AE is pretty nice, but there lacks any of the market pegging/bitasset type functionality.  BitAssets will allow people to invest/speculate in all manner of commodities without being in a centralized exchange system.  No borders.  Huge potential.  In order to invest in this you have to buy BTSX.

The other reason to invest in Bitshares is that you like their technological approach to created Decentralized Autonomous Entities.  Bitshares people call them D.A. Companies, but it is the same thing.  Bitshares will have a lean system with low barrier of entry.  So either donate to Angelshares in this last week or buy and hold Protoshares.

Ipo is dropping price rather than unceasing after final day it can be even - 50% at the end. Seriously
today no one knows...
I will hold for POS in long therm:
BlackCoin: (constantly evolving )
Bitshares: (new economy system - good to see how idea works )
NEM: (NXT with better distribution - i won't invest in NXT because of that )

Bitshares looks interesting but when we see at attention on them is dropping share price.
Lets see what will be with them.

I invest in NXT because I invest in Daniel Larimer when I invest in BitShares, and he holds that NXT is a good investment. Make no mistake, if not soon, then someday soon both NXT and BitShares will be 10-20x what they are now.

Yhea .. need to install a reminder for that

LOL.  You better remember to turn it off.  The end is right around the corner.

you know what:

I set a cronjob to spend PTS towards AGS *every* fu%%ing day

BAM!

Transactions speed (reduced to 15 second blocks and 1 block confirmation - will be reduced to 10 perhaps 5 second blocks). Transactions load (10 tps initially). Scalablity (can scale to size of visa). Stabile assets (bitAssets allow people to pass on volatility to those with higher risk tolerance). Name registration and anonymous transacitons (referred to as TITAN or Transfer Invisibly To Any Name - automated stealth address creation). Fastest and most active development team in the business.

NXT also very innovative and has great community.
Unfortunately NXT has very bad initial distribution.
Personally I prefer BitShares.