Bitcoin Forum

Anyone interested in what is happening with the #3 crypto-currency by market cap.  This is an interesting show that might have you reassessing your investments.

https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-dan-talks-about-new-marketing-2014-11-07 (https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-dan-talks-about-new-marketing-2014-11-07)

0:00 Dan Larimer starts off talking about meeting with John Underwood and the remittance business. Talk about the snapshot for BTS timeframes. What has happened this week.
2:12 Bytemaster talks about the new vision for marketing and the ways in which BTS will be pitched. He goes into discussion on how the vision has changed and where we're currently at. The future of banking!
11:00 Legal concerns about issuing stocks on the blockchain and the different approachs one might take to hopefully remain within the letter of the law.
13:30 A user asks about diverging away from traditional crypto-anarchists views. The difference between currencies, stocks, and assets.
17:45 Value of a company being able to invest in public on the blockchain?
19:56 More discussion about what Bitshares is and isn't and how it relates to the masses.
23:10 Sending value over phone text messages? Security issues and how it relates to the different class of BitShares users? Those who own shares in a bank versus those who use the bank.
26:35 Discussion on civil asset forfeiture.
28:45 How do we differentiate what Bitshares provides vs. the banking industry ?
32:34 Is there possible to have a reputation system that is not tied into a real life identity ?
35:25 How does working for a DAC work within the traditional banking system ?
37:02 What about loans and credit that are available from traditional banks? How does this play into marketing?
38:40 Discussion of negative interest rates at banks in Europe. Are banking fees comparable to negative interest?
41:00 What about the possibility of crypto-currencies being blocked at the router level ?
45:33 On-ramps ?
47:00 Changes in marketing in the near term ?
51:05 Any estimation on block # for the hardfork for BTS switchover?
52:41 Lets talk about the status and issues with the forums.
1:01:37 Lets talk about Proof of Waste !
1:03:05 Sidechains?
1:06 What about the analogy of mining? Discussion of Ethereum and Dan gives a high level analogy that points out wonky logic.

Proof of Waste.

Finally it has been put into words.

Someone pointed out to me that BitShares is #4 and not #3.  I don't consider Ripple a crypto-currency.  So BitShares is #3 after BTC and LTC.

Anyone disagree ?

Bitshares is not a crypto currency but a centralized bank.

#3 Crypto is Doge / NXT tied

"Centralized bank"  that is a new one.  Thats even worse than claiming NXT has 23 stakeholders !

lol bitshares is not a centralized bank. Thats silly

Bitshares actually contains crypto currencies, bitUSD and bitCNY, as well as crypto asset bitGLD

And. yes, Bithsares has some aspects of a bank (and of an exchange), but it is definitely no more centralized than bitcoin or Doge.

I believe it would be highly accurate to call it a crypto-bank, especially after listening to this hangout.

What wonky logic about Ethereum did Dan point? I remember at one time Bitshares wanted a partnership with Ethereum. Why if it's got wonky logic?

Listen to that part of the show.  It was a discussion of the community and their views on DPOS. IIRC the partnership was along the lines of trying to sell Vitalik on DPOS. 

Vitalik doesn't like the politics of DPOS, but mining pools are having politics/votes but it is just never talked about. Listen to the show. 

Anything I've heard from Dan is very respectful, but that doesn't mean there isn't some cognitive dissonance going on in certain circles.