BitShares and Mastercoin - a comparison

[joeykrug]

What about colored coins?  They had a client out last I saw that didn't involve sending btc to an address to get generated "shares" like angelshares, but the assets were backed by actual bitcoin that weren't just donated to an address like Invictus. And the reality distortion actually seems stronger with bytemaster... I mean if I created a DAC what incentive do I have to give 10% to generated angelshares holders who donated to invictus and another 10% to protoshares holders?

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[pgbit]

What about colored coins?  They had a client out last I saw that didn't involve sending btc to an address to get generated "shares" like angelshares, but the assets were backed by actual bitcoin that weren't just donated to an address like Invictus. And the reality distortion actually seems stronger with bytemaster... I mean if I created a DAC what incentive do I have to give 10% to generated angelshares holders who donated to invictus and another 10% to protoshares holders?

As I understand it, any DAC is free to divide up the assets as desired at inception. I suspect, though, that the suggested protoshare allocation is a smart way to get a giant band of loyal followers, on your side from the start. Angelshares fund accelerated development for DAC as needed, as I understand it each DAC may create their own Angelshares type system to kickstart development for their own DAC, not for Invictus.

[Boshen1011]

Ethereum and some other projects I'm working on are going to completely replace the need for keyhotee and bitshares.  

Why? How? When?  Good Luck for you!

Users will make final call !

I have one suggestion that let us work harder together to grow the industry first.

[charleshoskinson]

I have one suggestion that let us work harder together to grow the industry first.

I would love to work with the Invictus movement Bo and I will engage the people in your community very actively as many of them came specifically because of my initial involvement. I love bringing a set of diverse minds and setting an agenda of innovation back by the necessary resources. But a word of advice, please make a suggestion to your CEO not to attack my veracity. I never signed an NDA and you know this for a fact. You also know the equity distribution for a fact as you participated in the decision process. I am willing to let this matter drop if you are. I don't think anyone wants to fight. I think we want to make the cryptocurrency movement stronger and more versatile.

[Boshen1011]

Great! Now I have your words on both sides.

Please hit me badly, and take me down first next time before...    

One day seems like one year in the math-based ecosystem these days.

Yes. Let us move forward instead of looking back.


 

[charleshoskinson]

Great! Now I have your words on both sides.

No, I started project Invictus back in June of 2013 prior to any investments or people as a call to arms to resolve the fiat to Crypto problem:

https://bitcointalk.org/index.php?topic=229315.msg2423000#msg2423000

This is Invictus the movement and it is divorced from people and global in scope. My belief is that BitShares and DomainShares as independent blockchains are unnecessary once Ethereum is released and they can simply be deployed upon the Ethereum blockchain. This is why I say they are unnecessary in their current form. I don't look at things Bo as sum zero with winners or losers rather rising tides of what is good for the movement in general.

It makes no sense to me to see all the innovation done by mutually exclusive blockchains each competing for resources and attention. Rather build a single, beautiful and powerful foundation that is sufficiently abstract and modular to accommodate all innovation. Whatever social contracts you want to establish on top is the business of particulars and not of the protocol. This really works well for assurance launched proof of stake style subcurrencies like BitShares for example. This also works well for colored coins as the color kernels can be arbitrary and don't compete.

I really have no problem with the ecosystem Invictus has attracted and the people in it. I do have a problem with your CEO attacking my veracity, ignoring the innovations I brought to the company including the very idea of protoshares (IPOCoin) and the manner in which I was totally divested without any debate or a proper board resolution. These are not issues for the community to be involved in nor productive to rehash.

[erpalum]

Great! Now I have your words on both sides.

No, I started project Invictus back in June of 2013 prior to any investments or people as a call to arms to resolve the fiat to Crypto problem:

https://bitcointalk.org/index.php?topic=229315.msg2423000#msg2423000

This is Invictus the movement and it is divorced from people and global in scope. My belief is that BitShares and DomainShares as independent blockchains are unnecessary once Ethereum is released and they can simply be deployed upon the Ethereum blockchain. This is why I say they are unnecessary in their current form. I don't look at things Bo as sum zero with winners or losers rather rising tides of what is good for the movement in general.

It makes no sense to me to see all the innovation done by mutually exclusive blockchains each competing for resources and attention. Rather build a single, beautiful and powerful foundation that is sufficiently abstract and modular to accommodate all innovation. Whatever social contracts you want to establish on top is the business of particulars and not of the protocol. This really works well for assurance launched proof of stake style subcurrencies like BitShares for example. This also works well for colored coins as the color kernels can be arbitrary and don't compete.

I really have no problem with the ecosystem Invictus has attracted and the people in it. I do have a problem with your CEO attacking my veracity, ignoring the innovations I brought to the company including the very idea of protoshares (IPOCoin) and the manner in which I was totally divested without any debate or a proper board resolution. These are not issues for the community to be involved in nor productive to rehash.

Charles, i studied erp systems chronicles and come to paradoxical conclusion that Oracle Erp being more advanced system than SAP AG still could not win the market,
SAP have 199x era "engine" and very outdated architecture, but being first on market, SAP just made itself strong as brand and as solution for their customers (who just need system that suit their needs and often cannot understand difference among tech architectures).

[coinrevo]

What is the total volume in these markets? Anywhere I can look this up?

[nightengale]

But bit shares is essentially stock in a company right? If Invictus fails, then protoshares and bitshares will be essentially worthless... Or am I missing something?

[delulo]

But bit shares is essentially stock in a company right? If Invictus fails, then protoshares and bitshares will be essentially worthless... Or am I missing something?

Protoshares (which you can buy atm) is stock in every DAC Invictus will release. Bitshares is the flagship DAC and PTS holders get 50% in this one. 

[nightengale]

But bit shares is essentially stock in a company right? If Invictus fails, then protoshares and bitshares will be essentially worthless... Or am I missing something?

Protoshares (which you can buy atm) is stock in every DAC Invictus will release. Bitshares is the flagship DAC and PTS holders get 50% in this one. 

But again, it's more like a stock, right? If Invictus fails protoshares (and thus bitshares) won't be worth anything, right?

[delulo]

But bit shares is essentially stock in a company right? If Invictus fails, then protoshares and bitshares will be essentially worthless... Or am I missing something?

Protoshares (which you can buy atm) is stock in every DAC Invictus will release. Bitshares is the flagship DAC and PTS holders get 50% in this one.  

But again, it's more like a stock, right? If Invictus fails protoshares (and thus bitshares) won't be worth anything, right?

That is true. But that is the same with Mastercoin. Bitshares as well as Mastercoin are not functional yet. If the whole mastercoin team suddenly vanishes it will also be worthless. Every coin/DAC is a stock in its services... In that respect they are the same. With Protoshares you also get a share in every further DAC/coin invictus puts out and they have a lot of more plans, see https://bitsharestalk.org/index.php?board=9.0
Bitshares developement is further i would say but that is hard to guess. I also just read the bitsharers forum. See https://bitsharestalk.org/index.php?topic=1890.0;all

[nightengale]

But bit shares is essentially stock in a company right? If Invictus fails, then protoshares and bitshares will be essentially worthless... Or am I missing something?

Protoshares (which you can buy atm) is stock in every DAC Invictus will release. Bitshares is the flagship DAC and PTS holders get 50% in this one.  

But again, it's more like a stock, right? If Invictus fails protoshares (and thus bitshares) won't be worth anything, right?

That is true. But that is the same with Mastercoin. Bitshares as well as Mastercoin are not functional yet. If the whole mastercoin team suddenly vanishes it will also be worthless. Every coin/DAC is a stock in its services... In that respect they are the same. With Protoshares you also get a share in every further DAC/coin invictus puts out and they have a lot of more plans, see https://bitsharestalk.org/index.php?board=9.0
Bitshares developement is further i would say but that is hard to guess. I also just read the bitsharers forum. See https://bitsharestalk.org/index.php?topic=1890.0;all

Thanks for the links!

[delulo]

But bit shares is essentially stock in a company right? If Invictus fails, then protoshares and bitshares will be essentially worthless... Or am I missing something?

Protoshares (which you can buy atm) is stock in every DAC Invictus will release. Bitshares is the flagship DAC and PTS holders get 50% in this one.  

But again, it's more like a stock, right? If Invictus fails protoshares (and thus bitshares) won't be worth anything, right?

That is true. But that is the same with Mastercoin. Bitshares as well as Mastercoin are not functional yet. If the whole mastercoin team suddenly vanishes it will also be worthless. Every coin/DAC is a stock in its services... In that respect they are the same. With Protoshares you also get a share in every further DAC/coin invictus puts out and they have a lot of more plans, see https://bitsharestalk.org/index.php?board=9.0
Bitshares developement is further i would say but that is hard to guess. I also just read the bitsharers forum. See https://bitsharestalk.org/index.php?topic=1890.0;all

Thanks for the links!

you are welcome. here is their introduction to bitshares/protoshares thread https://bitsharestalk.org/index.php?topic=889.0

[91porn]

But bit shares is essentially stock in a company right? If Invictus fails, then protoshares and bitshares will be essentially worthless... Or am I missing something?

You are right,dont give a shit

[bytemaster]

So can we revise the comparison with MSC now that BTSX has actually launched?

http://bitshares-x.info/

The confirmation times are absolutely impressive, I guess until we see the actual BitUSD implemented as originally intended we won't know for sure how well it works. But I'm liking what they've delivered so far: speed & privacy.

BitUSD is implemented and ready to go.  It will be put through one last round of testing on our next test net and then integrated with BTS X by September.   

To speed & privacy I would like to add ease-of-use.... users will not have to see an address or public key unless they want to do advanced things. 

[immortality]

... I am well aware of the lies you have been spreading since you left and would warn everyone that Charles is a salesman that tells everyone what they want to hear and has no compulsion with stretching the truth to absurd lengths or telling outright lies.   Fortunately for Charles, I will abide by the NDA when it comes to discussing what actually happened. 

People are still interested in what actually happened. What about NDA ? Is it still valid ?