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www.reddit.com/r/Bitcoin/comments/38pnfl/overstock_will_issue_a_private_bond_powered_by/
Wtf?
Does anyone else feel cheated?. I stuck with counterparty all this time, promoting it, evangelizing it and even recomennding it based on ovwrstock partnership while the price slid downhill consistently. Because if the news was true as implied the potential is still there long term regardless of the price now. Byrne and co pulled a fast one on counterparty investors with earlier hyperbolic statements and never had the balls to make a clear ststatement admitting those announcements are now false and likely have been for some time. Up until not so long ago byrne and Bagley were still talking about counterparty and nl they fkat out deny any involvement.
Whatever happened to this?
https://mobile.twitter.com/OverstockCEO/status/520254771890884608
Whatever happened to counterparty devs and byrne on stage together at inside bitcoins conference?
I watched probably a dozen interviews and presentations where it was confirmed counterparty was being implemented in some way. Why was a formal statement never made revealing ties had now been severed??
Counterparty devs were complicit in reassuring investors the deal is still on the table. Today we find out the 'rumors' were true all along: they did a 180 some time
ago, now we are up against them and NASDAQ. Bet insiders privvy to this were dumping whilst everyone else was excited over the hypeto. No wonder it crashed like it did despite apparent huge future promise based on earlier press releases, it was being pumped. Those relying on what they assumed were accurate and up to date public information were at a huge disadvantage and got burned big time.
Never expected this, thought this one was different from the usual dirty pump dump scheme but here we are
Wtf?
Does anyone else feel cheated?. I stuck with counterparty all this time, promoting it, evangelizing it and even recomennding it based on ovwrstock partnership while the price slid downhill consistently. Because if the news was true as implied the potential is still there long term regardless of the price now. Byrne and co pulled a fast one on counterparty investors with earlier hyperbolic statements and never had the balls to make a clear ststatement admitting those announcements are now false and likely have been for some time. Up until not so long ago byrne and Bagley were still talking about counterparty and nl they fkat out deny any involvement.
Whatever happened to this?
https://mobile.twitter.com/OverstockCEO/status/520254771890884608
Whatever happened to counterparty devs and byrne on stage together at inside bitcoins conference?
I watched probably a dozen interviews and presentations where it was confirmed counterparty was being implemented in some way. Why was a formal statement never made revealing ties had now been severed??
Counterparty devs were complicit in reassuring investors the deal is still on the table. Today we find out the 'rumors' were true all along: they did a 180 some time
ago, now we are up against them and NASDAQ. Bet insiders privvy to this were dumping whilst everyone else was excited over the hypeto. No wonder it crashed like it did despite apparent huge future promise based on earlier press releases, it was being pumped. Those relying on what they assumed were accurate and up to date public information were at a huge disadvantage and got burned big time.
Never expected this, thought this one was different from the usual dirty pump dump scheme but here we are
Um, Robby Dermody and Evan Wagner left the Medici project back in February. Did you miss that news?: http://www.coindesk.com/lead-developers-leave-overstocks-medici-project/
Different guy but I am equally as bemused at the news. I had read that coindesk article before and did not think too much of it because it contained some positive pieces.
my background is as an OSTK investor who decided to invest also in CounterParty, as a first cryptographic currency after reading the following:
that news you linked article clearly states:
Quote
Overstock director of communications Judd Bagley indicated that the move coincides with a shift in Medici's development that will help the company build on a wider variety of protocols and blockchains in addition to Counterparty.
Quote
Bagley indicated that the remainder of the Medici team is still in place, with new replacements hired by Dermody and Wagner taking over as the lead developers.
Which seems fairly reassuring. but that cannot be right? They hired competitors and made the following statements afterwards?
There is a bit of confusion in the air with regards to some of the recent quotes by the Overstock CEO and the various interpretations of them. It's arguable that they do seem to be getting progressively vague and I can see why some might get the idea this is Byrne distancing himself, while others adopt the mindset it's business as usual in the background and recent price action is just an excuse to take advantage of a price dip based on skewed info. I'd expect the developers to be under some sort of NDA preventing them from saying too much beyond what's already said so I don't think you will be able to rely on full clarifications right now.
It's a shame to see hot/cold snippets trickle down into the news then waves of buying or selling based simply on said snippets, although it's not as if you would expect market participants to not react to them. A binary yes or no, or no news at all would be preferable. However Let's not forget CounterParty has great value potential since far before Medici was ever announced, has continued to show great promise more than a year later with incredible unexpected additions like turing complete scripting language, multisig, to name just two. Hope that we don't stay in a cycle of ups and downs with everything revolving around the currently non-existant Medici
It's a shame to see hot/cold snippets trickle down into the news then waves of buying or selling based simply on said snippets, although it's not as if you would expect market participants to not react to them. A binary yes or no, or no news at all would be preferable. However Let's not forget CounterParty has great value potential since far before Medici was ever announced, has continued to show great promise more than a year later with incredible unexpected additions like turing complete scripting language, multisig, to name just two. Hope that we don't stay in a cycle of ups and downs with everything revolving around the currently non-existant Medici
Yes, the situation is unclear---sorry, we just can't say much at the moment. There'll be some relevant (positive) announcements very soon, though! Suffice it to say that Evan, Robby and I will all be working on Counterparty for the forseeable future.
Please explain to me how this announcement is positive.
Obviously I wasn't talking about Evan and Robby leaving Overstock. And Overstock is still using Counterparty for Medici. (This has been reaffirmed publicly very recently.) I'm advising them personally on their technical design.
Can someone explain medici?
Medici is to stocks and shares what bitcoin is to money.
edit: bitcoin with a lower case b, as both use the Bitcoin network.
So it's like asset exchange on Next? Forgive my ignorance
Counterparty has its own asset exchange. Medici brings regulatory compliance, user interfaces, professional services, off-chain stuff, etc., so that users can trade shares of public companies, e.g., (on Counterparty) legally and easily. Counterparty is the primary technological platform; Medici is an application and service. (Think Bitcoin/Coinbase.)
Surely not.? So either OSTK was hiding the truth from them or the devs here were embellishing things. Because The above quotes seems to go at odds with Judd Bagley's latest statement on reddit.
Now I'm wondering if what I assumed was a troll post here: http://www.reddit.com/r/Bitcoin/comments/2z5ilv/overstock_10k_during_2014_we_acquired_a_249/cpg82tn?context=3
by username MediciCTO was actually someone in a senior position at Overstock, whether there was some personal beef and as a result whether we have been looking at a story which is has been significantly embellished by developers here in order to prop up share price. Or whether the burden lies on the cloudy communication from OSTK. I think it is a disaster. I have learned that this environment is a wild west where anybody can and will tell you anything to try and move the market so it would not surprise me. Much like penny stock markets or the dotcom boom.
some will make a killing while some will lose out. I'm very much in the latter camp now and don't see any way out of the hole unless colored coins has a fatal weakness that pushes OSTK to come back. CEO can be a hot head so if it's a personal beef the two companies had I would rule that one out permanently
