I thought people gave up on the Ripple idea? The Bitshare bullshit is taking a difficult to understand concept, for the general public, and turning it into an impossible to understand concept. Why won't developers and designers learn when it's time to stop and just promote. Let Bitcoin become fully entrenched before you mindfuck the public with yet another complicated system. So when I have tokens do I have coins and shares or do I need coins to get shares and tokens or shares of the tokens of coins? Oy vey!
If you've looked at coinmarketcap lately you see the Ripple idea has very much not been given up on, but that's not the topic of the video. It's about user issued assets rather than IOUs. The complexity isn't a problem because the existing financial system is extremely complex and people don't care. As long as it works the general public don't need to understand it. Developers + designers should not stop innovating. Bitcoin is opening up a world of opportunities. The best discoveries lead to more discoveries, just like the best questions lead to more questions. It's growth of the crypto industry. Please lets keep this on topic of what could be done with blockchain based UIAs (user issued assets). Ok, Bitcoin is seen as too complex and difficult to use for most people I know. Banks are closing individual accounts if they are used for Bitcoins. Businesses are only accepting btc if BitPay converts them to dollars immediately. If not for individuals, do you expect only banks, finance companies and businesses to use UIAs when they won't even accept Bitcoin or hold it for long? UIAs are a great idea who's time hasn't arrived yet. Bitcoin adoption should come first. I never said stop developing new ideas, just learn to pace them more effectively. Ever heard of Microsoft Bob? Not every idea under development is golden. Bitcoin adoption spreading definitely helps simplify things, as it forges ahead, carving out avenues to crypto-friendly businesses. Bitcoin adoption is like a port into the crypto world, making it easier for merchants to then accept other cryptos, as there is a lot of overlap in the intellectual overhead, legal, technical implementation etc. But the main reasons merchants don't hold onto bitcoin is the volatility, which has since been solved by bitUSD. Merchants don't accept that either yet, far fewer do infact as its much newer. It depends what your aiming for. If its global bitcoin adoption then innovation from other cryptos will may outpace it, if its global crypto adoption, growth in all directions is best! |
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I thought people gave up on the Ripple idea? The Bitshare bullshit is taking a difficult to understand concept, for the general public, and turning it into an impossible to understand concept. Why won't developers and designers learn when it's time to stop and just promote. Let Bitcoin become fully entrenched before you mindfuck the public with yet another complicated system. So when I have tokens do I have coins and shares or do I need coins to get shares and tokens or shares of the tokens of coins? Oy vey!
If you've looked at coinmarketcap lately you see the Ripple idea has very much not been given up on, but that's not the topic of the video. It's about user issued assets rather than IOUs. The complexity isn't a problem because the existing financial system is extremely complex and people don't care. As long as it works the general public don't need to understand it. Developers + designers should not stop innovating. Bitcoin is opening up a world of opportunities. The best discoveries lead to more discoveries, just like the best questions lead to more questions. It's growth of the crypto industry. Please lets keep this on topic of what could be done with blockchain based UIAs (user issued assets). |
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Interesting thoughts from both of them however like he said, we use this stuff everyday and it's not crucial or a big benefit in any of the current scenarios (flyer miles, credit points etc).
Some of the scenarios are a big benefit, like the stock market having much lower trading fees (10-100x lower fees). For the issuance as mere tokens there isn't as big a difference. I don't know what the kind of savings would be for a company issuing flyer myles. It could still be a decent saving. I'm curious of much smaller businesses, or other uses like insurance. They make great freebies or as providing access to services. You could get access to stuff if you own a coin, a bit like a security clearance. Rather than paying someone, the token they could allow access like a members club. |
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A stateless currency is a huge benefit to the world. The separation of state + currency is soon to come, much like the separation of state + religion. It's just part of the evolution of society and bitcoin is a really important part of that.
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Developers also get to experience the awesomeness of being one of the first ever to be employed directly by a blockchain  |
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There is every chance that bitAssest like BitShares will do money transport better.
> If Ripple can more efficiently empower small to medium sized banks, good for them.
Let's do away with old style banks and make something that is sustainable and more about people than institutions..
+1 |
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Of course ripple aren't a scam, they are just a centralised solution that is a great innovation but far from Satoshi's ideals. Ripple aren't the only Crypto to talk to a government. BitShares, which is even more decentralised than bitcoin, met with Californian government officials a week or two ago about their open source voting platform 'followmyvote', to allow provably fair elections. http://followmyvote.com/california-joint-new-law-workshop-recap/ |
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The first step towards having a country on a blockchain! Amazing.
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New blog post from BitShares founder, Daniel Larimer (aka bytemaster). What is BitShares? - Dec 18th"Answering the question “What is BitShares?” has been one of the most difficult challenges I have faced. BitShares is so many things to different people and there are a thousand different ways of understanding what BitShares is. This post will tell you what BitShares is to me, its founder. Before getting into the long-answer to this question, let me give you the executive summary. BitShares is one of the most important tools that any community can use to secure their freedom; an idea whose time has come. After reading this post I bet you will agree." Read the post: https://bytemaster.github.io/update/2014/12/18/What-is-BitShares.html |
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Bitshares.tv launched! Check it out, there a few useful videos there already. It has started with an accompanying Bitshares 101 guidebook available from Amazon. This is a big deal, especially the Bitshares 101 book. It's a very accessible explanation of Bitcoin, BitShares + crypto 2.0 as a whole. Everyone in this space should read a copy. |
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I'm not sure, no one ever knows apart from the whale(s) that are causing it, if they are. bitUSD makes a great lifeboat in times like these. Who knows that 2015 will bring. Lots of excitement I expect.
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