The final 2 days of Bitshares crowd funding. Don't miss out !!

[nutildah]

 Mastercoin and XCP are weird things that rely on the good will of Bitcoin.  

Heh "weird things." Hey, relying on the goodwill of Bitcoin is better than relying on any other cryptocurrency out there.

The only reason why more people aren't using Counterparty is because they are indeed a weird introverted bunch, but their product is more amazing than weird.

I am interested in Bitshares though because it sounds like maybe I can win the race to develop Skynet first.

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[FriendsOfBitshares]

Mastercoin and XCP are weird things that rely on the good will of Bitcoin.  

Heh "weird things." Hey, relying on the goodwill of Bitcoin is better than relying on any other cryptocurrency out there.

The only reason why more people aren't using Counterparty is because they are indeed a weird introverted bunch, but their product is more amazing than weird.

I am interested in Bitshares though because it sounds like maybe I can win the race to develop Skynet first.

I once wanted to download CounterParty and it needed a full bitcoin node.  They're neat technology but they are hamstrung by their reliance on Bitcoin IMO.  I agree, if you have to rely on any currency it is best BTC.  

It is even better yet to have your own currency like NXT/Bitshares X.

I misspoke when I called them weird...  I just find the 2 hard to categorize.  I just don't think either can innovate very well because they have to rely on bitcoin.  I'm a big fan of innovation in this sphere, so I like Bitshares.  Sounds corny, I know.

[nutildah]

I once wanted to download CounterParty and it needed a full bitcoin node.  They're neat technology but they are hamstrung by their reliance on Bitcoin IMO.  I agree, if you have to rely on any currency it is best BTC.  

Just for your future reference the new Counterwallet is hands down the easiest wallet software I've ever seen. You can create assets for a fraction of the cost of NXT and the idea of being able to trade anything for anything seems to be a bit more doable there.

Having your username be the password is a pretty awesome idea even if its 12 words long.

From what I've read Bitshares is taking the idea of implementing crypto in real-world business to a whole new level, but all 3 platforms are elevating the reputation of the alt scene by succeeding at being innovative, IMHO.

[FriendsOfBitshares]

I once wanted to download CounterParty and it needed a full bitcoin node.  They're neat technology but they are hamstrung by their reliance on Bitcoin IMO.  I agree, if you have to rely on any currency it is best BTC.  

Just for your future reference the new Counterwallet is hands down the easiest wallet software I've ever seen. You can create assets for a fraction of the cost of NXT and the idea of being able to trade anything for anything seems to be a bit more doable there.

Having your username be the password is a pretty awesome idea even if its 12 words long.

From what I've read Bitshares is taking the idea of implementing crypto in real-world business to a whole new level, but all 3 platforms are elevating the reputation of the alt scene by succeeding at being innovative, IMHO.

Well I need to check it out.  I have to assume it still requires downloading the full bitcoin chain ?

I believe with Bitshares X the main exchange will not have cheap assets in order to keep out the clutter/scams, so I don't think the early versions of the exchange will be competitive in regards to the creation of cheap assets.

[FandangledGizmo]

I once wanted to download CounterParty and it needed a full bitcoin node.  They're neat technology but they are hamstrung by their reliance on Bitcoin IMO.  I agree, if you have to rely on any currency it is best BTC.  

Just for your future reference the new Counterwallet is hands down the easiest wallet software I've ever seen. You can create assets for a fraction of the cost of NXT and the idea of being able to trade anything for anything seems to be a bit more doable there.

Having your username be the password is a pretty awesome idea even if its 12 words long.

From what I've read Bitshares is taking the idea of implementing crypto in real-world business to a whole new level, but all 3 platforms are elevating the reputation of the alt scene by succeeding at being innovative, IMHO.

Well I need to check it out.  I have to assume it still requires downloading the full bitcoin chain ?

I believe with Bitshares X the main exchange will not have cheap assets in order to keep out the clutter/scams, so I don't think the early versions of the exchange will be competitive in regards to the creation of cheap assets.

Yeah I'd be interested in that too, I still haven't unlocked my proof of burn XCP because of the hassle. Will be great if it's simple.

Also don't forget all the other exchanges can only offer user issued assets, BitShares X will have market pegged assets. BitGold, BitUSD etc.

Oh and bump only 30 hours left of AGS 200 donation period! (After that you'll have to buy BitShares PTS to get a stake in future DAC's and the X DAC I mentioned above was already allocated on 28/02/14 but is pre-trading on bter & BTC38 under the symbol BTSX)

Here's the BitShares latest video if you want to learn about DAC's coming up - http://vimeo.com/100551015

(This is their previous behind the scenes 2 min video from couple of weeks ago - http://vimeo.com/98988328 )

[13cardz]

Just for your future reference the new Counterwallet is hands down the easiest wallet software I've ever seen. You can create assets for a fraction of the cost of NXT and the idea of being able to trade anything for anything seems to be a bit more doable there.

Having your username be the password is a pretty awesome idea even if its 12 words long.

From what I've read Bitshares is taking the idea of implementing crypto in real-world business to a whole new level, but all 3 platforms are elevating the reputation of the alt scene by succeeding at being innovative, IMHO.

+5% for XCP !!!

[Brilliantrocket]

Why do these guys feel the need to issue 500 different cryptoassets? Bitshares, Bitshares-X, Bitshares PTS, AGS, I mean for fucks sake.

[nutildah]

Well I need to check it out.  I have to assume it still requires downloading the full bitcoin chain ?

No, actually. Its instantaneous, even faster than the new NXT client (which much faster than its old client).

[FriendsOfBitshares]

Why do these guys feel the need to issue 500 different cryptoassets? Bitshares, Bitshares-X, Bitshares PTS, AGS, I mean for fucks sake.

ROFL.  What a complex and wonderful question.

The basic problem is that due to innovation chains need to be separate.  If they were all the same chain it ends up like Bitcoin or Mastercoin/XCP.  The blockchain is seen as a metaphor to a company, so these are all individual companies that you can invest in.

Protoshares allows you to have a stake in any future DAC (Where the DAC honors the social consensus.)  AGS was a way for them to do crowdfunding.  You keep your private key to redeem stakes going forward.  It is never intended to be made liquid.

Bitshares X is the first and most ambitious product.  Unfortunately the genesis block was already been decided, but shares will be on the open market soon enough.  Bitshares X has market pegging of assets using something akin to a prediction market.

Next we will see p2p that implements namecoin.

THere is no crypto asset named Bitshares.  Thats pretty much just the term to refer to the ecosystem as a whole, which will be based off the bitshares toolkit and completely open source.

The point here is every asset has its own function like a company.  If they were all on the blockchain nothing would ever get done because of competing requirements.  Also, it would never work with the distribution of shares.  This lets entrepreneurs innovate just like a real company.

[Brilliantrocket]

Why do these guys feel the need to issue 500 different cryptoassets? Bitshares, Bitshares-X, Bitshares PTS, AGS, I mean for fucks sake.

ROFL.  What a complex and wonderful question.

The basic problem is that due to innovation chains need to be separate.  If they were all the same chain it ends up like Bitcoin or Mastercoin/XCP.  The blockchain is seen as a metaphor to a company, so these are all individual companies that you can invest in.

Protoshares allows you to have a stake in any future DAC (Where the DAC honors the social consensus.)  AGS was a way for them to do crowdfunding.  You keep your private key to redeem stakes going forward.

Bitshares X is the first and most ambitious product.  Unfortunately the genesis block was already been decided, but shares will be on the open market soon enough.  Bitshares X has market pegging of assets using something akin to a prediction market.

Next we will see p2p that implements namecoin.

THere is no crypto asset named Bitshares.  Thats pretty much just the term to refer to the ecosystem as a whole, which will be based off the bitshares toolkit and completely open source.

The point here is every asset has its own function like a company.  If they were all on the blockchain nothing would ever get done because of competing requirements.  Also, it would never work with the distribution of shares.  This lets entrepreneurs innovate just like a real company.

I was under the impression that an investment in AGS would get you a stake in all DACs. Either way, it's not a well thought out way of doing things. I think I put .25BTC into AGS a while back, let's see what happens.

[FriendsOfBitshares]

I was under the impression that an investment in AGS would get you a stake in all DACs. Either way, it's not a well thought out way of doing things. I think I put .25BTC into AGS a while back, let's see what happens.

The snapshot taken on Feb 28th was for Bitshares X so anyone who invested in AGS up until that date will get their stake.

I have to disagree about it not being well thought out.  I would argue that this has been thought out far more than any other crypto-currency.  Many of the results have  been from a deeper inspection of what is actually going on.

For example - I don't read here as much as I used to, but I recently read a thread with complaining about a TV talking head suggesting making BTC be constantly inflationary.  Everyone starts comparing it to doge.  I'm pretty sure I'll be dead and long forgotten by the time Bitcoin stops inflating the money supply.  No one even stops to examine the underlying premise - that a currency needs inflation to remain secure.