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102
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Economy / Services / Re: Herp Rating Agency
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on: March 24, 2014, 09:24:16 PM
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This is probably the best analysis of Mastercoin vs Ethereum vs Counter Party that I've run into
Herp - do you mind connecting? I will PM you
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106
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Economy / Economics / Re: Should I go public and accept Bitcoin or Create my own coin?
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on: March 21, 2014, 05:06:12 AM
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I think we're looking at this the wrong way - it's the value of the business that will set the currency, rather than the 'free-market' system determining altcoin prices today.
The reason I bring up all this back story is to say that well, yes, sometimes the value of the business is what sets the value of the stock, with traditional stocks. But I think you're setting up enough road blocks in the way of your potential investors that human psychology is going to make it unlikely for a lot of people to buy "stock" in the currency, even if it's a great business. For people to be willing to invest in your company, they have to a) have bitcoins (I presume that's what you'll be selling the shares for), and b) think your business is awesome, and c) be willing download a second alt-coin blockchain to their computer and maintain it in order to buy and sell their shares. The code's open source, you're free to ignore me and setup your own altcoin / counterparty system for your business if you like, I'm just saying I'd be surprised if you get a lot of investors. That read somewhat like an academic paper - thank you. Downloading an alt-coin blockchain is indeed a pain and for that reason I don't even want to update the bitcoinqt on my macbook air. I like the Counter Party system but after reading the thread I am not sure where they are with OP_RETURN and prunable transactions. If you've been following some Bitcoin news recently, you may find that there is indeed investment for what I'm talking about: http://www.coindesk.com/1-million-grabs-texas-bitcoin-conference-hackathon/ |
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107
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Alternate cryptocurrencies / Altcoin Discussion / Re: Masterchest Wallet Alpha Testing Thread
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on: March 21, 2014, 04:29:46 AM
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So, after about 3 days of sync'ing the wallet I tried to do a send of TMSC. The response was that there's not enough funds in my wallet to cover the tx fee.
I got about 0.0004 BTC in that address.. What is the tx fee set to? 0.001?
There are additional costs beyond just the miners fee (which is set at 0.00011) for funding the outputs for the transaction. The library currently requires an unspent output >the total fee (~0.00035-0.00040 BTC) in order to send a transaction. I actually wrote an appendix regarding the cost of Master Protocol messages, you can read it here if you're interested https://github.com/mastercoin-MSC/spec#appendix-e---understanding-the-cost-of-master-protocol-messagesThanks  Zathras Zathras - Thanks for pointing this out, as I wasn't sure how the Miners fees were being handled with MSC transactions |
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108
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Alternate cryptocurrencies / Altcoin Discussion / Metacoins?
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on: March 21, 2014, 04:21:10 AM
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With the creation of these Distributed Exchanges from Mastercoin, Counter Party, NXT, XRP, Ethereum and more - we will likely see the creation of a subset of intelligent metacoins
what will become of these metacoins?
this is an open discussion, your thoughts are welcome
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110
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Economy / Trading Discussion / Re: Coinex ?
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on: March 21, 2014, 04:02:47 AM
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Have been trying to log into Coinex and waiting for it to come back online, I had no idea that they got hacked
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112
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Economy / Economics / Re: Should I go public and accept Bitcoin or Create my own coin?
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on: March 21, 2014, 03:49:07 AM
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Use Counterparty : https://www.counterparty.co/You can create your shares and raise bitcoins on top of Bitcoin protocol, with much lower fees than bitfundr would have charged. Ask in the forum for technical help. Everybody will be glad to help you. Thanks! will consider this - it's pretty close to the Mastercoin protocol so we'll take a look and evaluate I don't understand the advantage over issuing stock. All you're doing is allowing people to purchase equity in your company. A lot of Bitcoin users are hostile to alt-coins so I would say sticking with stock is a better option. The alt-coin market is already incredibly diluted anyway.
I'm totally with CurbsidePropher on this one, as is probably obvious by my earlier posts. The other advantage to sticking with Bitcoin is that a lot more people use Bitcoin than any of the altcoins, probably than all of them combined, I'd wager. Besides, if you know how to program (or are willing to pay someone to program for you), you could probably just program something for your company to setup a one-company stock system for you. All you'd need is a) a database listing: the total number of shares, an "IPO" stock price. That and a user login system, and you could set it up so that people could login, buy shares, sell shares, etc. After the initial / IPO share price is set by you, the share prices thereafter would just be set by stock owners demand. It's an interesting enough project that I'd be willing to program it myself, if I weren't in the middle of graduate school. If you do decide to go the alt-coin method, I think Counterparty would be a great way to do it. Just be aware that there will likely be a lot less demand if you go that way than if you go with Bitcoin itself. I think we're looking at this the wrong way - it's the value of the business that will set the currency, rather than the 'free-market' system determining altcoin prices today. |
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113
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Economy / Economics / Re: Should I go public and accept Bitcoin or Create my own coin?
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on: March 19, 2014, 12:44:54 AM
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Thanks - using a Distributed Exchange is exactly what I'm thinking of
Looking to give users of my coin a stake in the company, and that way I only track the coins and not the shareholders
They can trade their coins and thereby trade their ownership rights
I can issue different classes of coins for different dividend or voting rights
I'm thinking of using Mastercoin - but this is also the one I'm closest to so I'm not sure whether this is the best platform for what I'm looking for
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115
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Economy / Economics / Re: Should I go public and accept Bitcoin or Create my own coin?
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on: March 17, 2014, 10:22:50 PM
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Thanks for the feedback and I'll check out that site! Appreciate the input on whether to raise using Bitcoin or create a currency instead, I think that it would require some time and effort in the beginning to create the currency but afterwards it may be easier to just push data out to my users to receive a dividend instead of having to use real names and identities the same old fashioned brokerage way
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116
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Economy / Economics / Should I go public and accept Bitcoin or Create my own coin?
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on: March 17, 2014, 08:54:32 PM
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I'm launching a company and since Bitfundr closed down I'm looking for alternatives at raising capital, disseminating equity, and finding equity investors. Theres cryptostocks.com allowing companies to list on their site but I'm not familiar with their process and reviews. Maybe someone can help shed some light on this? I've also been evaluating different protocols as I like the idea of being able to create my own currency to achieve the same goal, and then I don't have to deal with an exchange. The concept is: Create 1M tokens, each token is 1 share or 1 equity stake in the company Dividends would be distributed through the currency similar to how its described here: https://github.com/mastercoin-MSC/spec#pay-dividends-send-allIs it better to just list on cryptostocks? Looking for feedback here |
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120
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Bitcoin / Project Development / The BITCOINREGIME.COM is looking for your opinion!
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on: March 10, 2014, 12:52:25 AM
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The Bitcoin Regime is the source for Bitcoin News, Bitcoin and Litecoin mining posts, the Cryptocurrency business, and the politics of Bitcoin. We are happy to announce that this site is moving out of Beta and we are now planning the evolution of the Bitcoin Regime. Our plans include a sophisticated monthly release of The Bitcoin Regime publication. Our goal is to provide objective, relevant information on the topic of Bitcoin, Bitcoin Mining, and Cryptocurrency. We are putting a call out to all Bitcoin experts and writers out there who would like to contribute to disseminating information, opinion, and analysis on the topic of Bitcoin and Cryptocurrency.Your writing will reach at least 700 people per day, they are readers like you who have a regular job, own a cellphone, use a computer too often, and found themselves on Bitcoin Regime because they were curious about this thing called Bitcoin. As a contributor your work will be published next to the only working index of Bitcoin Mining information – we are recording everything that has ever been posted about Bitcoin mining on our servers. Almost all of our traffic is from search engines, we have not paid for google ads and we don’t plan to. Our News Bot is busy sourcing the latest Bitcoin news and Mining feeds even as you are reading this. Contact us at https://www.bitcoinregime.com/write-for-us/Vires in Numeris |
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