(Hint: You especially want to mention this to their Chinese community or at least on the Chinese boards here.)
Those guys would literally burn their own money to reduce inflation.
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Only allowing wealthy investors fund your project, -8 points.
Kickstarter such that normal people get NO equity in your business, -7 points.
Forking BitShares code without mentioning BitShares explicitly even once, -8 points.
Not honoring the BitShares consensus of 10/10 to PTS/AGS holders, -6 points.
Screen shots that look horribly designed, -7 points.
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First altcoin based on BitShares technology! Will definitely look out for this one.
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BitShares investors ( anyone who holds BTSX) might want BitShares to issue new shares to attract new users, either by giving away these new shares for free or giving it to someone who can promote or develop something to make BitShares more popular. At the moment, investors are hesitant to issue new shares because it dilutes their stake, and they have the mentality, like most crypto currency people, that this is a bad thing. Eventually I think people will realize that BitShares is not a currency, but a business on a blockchain ( DAC) that needs capital to grow in the early days (and this is how businesses do it, they issue new shares in return for capital). In any case, if investors will do so or not is decided by vote. The way BitShares works is that there are tons and tons of Delegates to vote for (anyone can become a Delegate) and the top 101 get paid according to their publicly set pay-rate. If investors vote for Delegates that have a low pay-rate, then BitShares will be deflationary, and no new shares will be issued, if they vote for Delegates that have a high pay-rate, then BitShares will be inflationary, and new shares will be issued. Again, anyone who holds BTSX can vote. In each case, investors will not vote for a high-pay Delegate unless they are convinced, via an announcement in the forum or a website or whitepaper, that this particular Delegate will bring more value than they spend creating it.
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I'd like to know more about this game.
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What do you guys think would have happened to Bitcoin were the 500ish million dollars given out to miners (10% inflation) used for hiring developers and getting the word out to people all around the world? What if each person holding Bitcoin could vote in a completely decentralized manner for how much and how to spend this money, adapting to changing reputations and circumstance continuously?
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Best idea i've seen yet involving music. Following this.
Agree. This gets more interesting the more I look into it.
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Why are not many posts in here about the BTSX? Are you guys all over on your forum?
Yeah, we usually stick to BitSharesTalk.org
There are some big plans for marketing, but not really aimed internally at the crypto community. Setting aside BitShares products like Vote, Music, DNS, and Play, the three main developments are these: 1. BitShares X wallet will both become more user friendly and have a market section that measures up to leading financial software. 2. It will soon be possible to exchange USD for bitUSD with credit cards, wire transfers, and even sms. 3. We have a referral program being planned that should help bitAssets go viral in a big way.
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Do any of the exchanges confirm that they will settle the snapshot for users?
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Can't blame Daniel Larimer for sneering just a little bit, when he has published and educated people on his idea for over a year, and along comes the hype of "something Nu" that aims to accomplish something similar but is developed entirely in secret, leaving him unable to even evaluate it, during the most critical phase of his own project.
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I think the awakening will come when say, Bitcoin reaches 30 billion, and something like the BitShares products reach say, 5 billion dollars collectively. Then not only will bitcoin be spending 2-3 billion dollars a year on mining, but a comparatively tiny market share system like BitShares would by comparison be using the fees from transactions to pay something like 10% interest on deposits and several hundred thousand dollars to each of the couple hundred delegates that help develop and promote the ecosystem.
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People who ignore this problem are in denial.
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BitShares X no doubt because of the way the on chain market tracks the price of real world assets. Most people didn't understand it, and among those intelligent few who did, the majority didn't believe it would work.
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Where can I see total donated to the ICO? Preferably in USD or BTC.
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Can the real James please stand up?
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I predict BitShares will rise as soon as people realize that the bitAssets are working, that this is a huge invention, and that bitAssets with interests are going to be enabled soon.
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Yup that's huge. I suggest people get in now if ever.
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