[Announce] Project Quixote - BitShares, BitNames and 'BitMessage'

[cosurgi]

this thread is a bit old now, but I wanted to ask: did it work?

Under development.

Thanks for your reply, and sorry for using bigger font.

I remember that you planned to release a working miner few weeks ago (I had it written down in my calender . Did you release it? If yes - then what kind of proof-of-work do you use? (scrypt, sha-256 ?) I ask because of the problems outlined in https://bitcointalk.org/index.php?topic=279771.msg2996823#msg2996823

short link to the answer would suffice. Sorry for not searching myself I suppose that you can give a link without too much hassle

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[r3wt]

this thread is a bit old now, but I wanted to ask: did it work?

Under development.

Thanks for your reply, and sorry for using bigger font.

I remember that you planned to release a working miner few weeks ago (I had it written down in my calender . Did you release it? If yes - then what kind of proof-of-work do you use? (scrypt, sha-256 ?) I ask because of the problems outlined in https://bitcointalk.org/index.php?topic=279771.msg2996823#msg2996823

short link to the answer would suffice. Sorry for not searching myself I suppose that you can give a link without too much hassle

they are using a proprietary(yet obviously still open source algorithm). i think i remember seeing it around page 3 or 4, though it could have changed by now.

[charleshoskinson]

they are using a proprietary(yet obviously still open source algorithm). i think i remember seeing it around page 3 or 4, though it could have changed by now.

The algorithm is called momentum and was carefully designed by Dan to accomplish several goals:

https://bitcointalk.org/index.php?topic=313479.0

[bytemaster]

I have just announced a new request for proposals to add Dividends on top of Bitcoin:  https://bitcointalk.org/index.php?topic=321187.msg3439533#msg3439533 

There is a $5000 budget to help integrate BitShares ideas into the Bitcoin codebase.  Please tell anyone with skills or interest in BitShares to check it out.

[bytemaster]

Anyone following BitShares and DACs will want to follow my most recent article on letstalkbitcoin: http://letstalkbitcoin.com/dac-revisited

[cunicula]

https://bitcointalk.org/index.php?topic=75029
Thread on the topic of 'DACs' from April 2012.

Anyone following BitShares and DACs will want to follow my most recent article on letstalkbitcoin: http://letstalkbitcoin.com/dac-revisited

You could look in the above thread from April 2012 if you were serious about "giving credit where credit is due."

Of course you are a disingenuous fraudster, so...

[okie_freemen]

https://bitcointalk.org/index.php?topic=75029

Anyone following BitShares and DACs will want to follow my most recent article on letstalkbitcoin: http://letstalkbitcoin.com/dac-revisited

You could look in the above thread if you were serious about "giving credit where credit is due."

Of course you are a disingenuous fraudster, so...

Well i find it very discouraging that bytemaster response to cunicula is that bitgold will just magically track real gold price even though it is backed by nothing. Bytemaster can not explain away the obvious and significant problem that bitGold will not track the price of real gold. Bitshares is  fatally flawed and bytemaster ignores any one that proves that it is. Bitshares is just trading fake digital assets to suckers dump enough to convert usd into bitshares in a ponzi that will collapse the moment cash flow into bitshares can not support the ratio of the bitshares: bitasset:usd to real world asset.

Also bytemaster,  i believe you owe cunicula an apology for stealing his work, Unregulated Corporation Cryptocurrency, and claiming it as your idea.

[klee]

https://bitcointalk.org/index.php?topic=75029

Anyone following BitShares and DACs will want to follow my most recent article on letstalkbitcoin: http://letstalkbitcoin.com/dac-revisited

You could look in the above thread if you were serious about "giving credit where credit is due."

Of course you are a disingenuous fraudster, so...

Well i find it very discouraging that bytemaster response to cunicula is that bitgold will just magically track real gold price even though it is backed by nothing. Bytemaster can not explain away the obvious and significant problem that bitGold will not track the price of real gold. Bitshares is  fatally flawed and bytemaster ignores any one that proves that it is. Bitshares is just trading fake digital assets to suckers dump enough to convert usd into bitshares in a ponzi that will collapse the moment cash flow into bitshares can not support the ratio of the bitshares: bitasset:usd to real world asset.

Also bytemaster,  i believe you owe cunicula an apology for stealing his work, Unregulated Corporation Cryptocurrency, and claiming it as your idea.

Link?

[dots]

I really want to see this coin pick up. I'm digging the idea.

[allwelder]

nothing new.

[tonyk]

Overleveraged here refers to self-reinforcimg effects of a loss in confidence in bitBTC on the price of bitshares.

....
Suppose 50% of bitshares are tie up in bitBTC and we have the same panic. This results in a 50% increase in the supply of bitshares and is likely to cause a substantial drop in the price of bitshares relative to BTC. The drop in value of bitshare collateral reinforces the loss of confidence in bitBTC. Causing more people to sell bitBTC causing the price of bitshares to drop further. You have a full on panic. Everyone rushes for the exit at once. Poof bitshares are worthless.

Stability requires limited outstanding stocks of bitBTC. You are building a system in which outstanding stocks of bitBTC tend to grow over time (because they offer above market interest a la Charles Ponzi). This will lead to increasing instablility and eventual catostrophic collapse.
...

While I am far from being in any way convinced that bytemaster’s idea will actually work, I am definitely happy to see one Keynesian* at a total loss trying to prove it won’t.


Keynesian* - voodoo ‘scientist’ trying to come with whatever arguments possible to justify its own existence… for no other aim or logic other than proving itself right.

[brekyrself]

nothing new.

Quite the opposite.  Not much is being updated on this forum however check out www.bitsharestalk.org  They have launched several test networks and are making great progress towards the official BTS chain using the DPOS algorithm.

This is an exciting time for BitShares and the future of Protoshares holders.

[ShapeShift.io]

ShapeShift.io is pleased to announce that we have added BTS and BitUSD to our instant exchange site! They have been added to a list of over 15 altcoins to be exchanged on ShapeShift.io. No account needed. Instant and easy.

[fluxer555]

You might want to start a new topic... this topic is severely outdated.

[Support81WorldWide]

You might want to start a new topic... this topic is severely outdated.

very interesting coin....cant wait for 2.0 platform to drop.


For anyone who does not know, Bitshares has now partnered up with BanX ...im not sure exactly how but google it and you will find out more!

[testz]

You might want to start a new topic... this topic is severely outdated.

very interesting coin....cant wait for 2.0 platform to drop.


For anyone who does not know, Bitshares has now partnered up with BanX ...im not sure exactly how but google it and you will find out more!

Blog: https://bitshares.org/blog
Forum: https://bitsharestalk.org
BTT ANN thread: https://bitcointalk.org/index.php?topic=1084460.0