Bitshares X inflating due to bugs and hacks

[NEM minnow]

I just listened to this podcast http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-156-the-moolah-story

It tells the story about how Moolah and Mintpal were run and created by a scam artist.

A few people tried to say it was a scam but were screamed at and trolled endlessly by people that invested and thought they were going to make money off from it.  Many of these people defending Moolah probably honestly believed in it.  Had they know it was a scam, they wouldn't have invested in the first place.

I don't own any Bitshares, but I have followed it for 9 months and in that time have watched as time after time the plan for Bitshares has changed and things haven't happened as planned.

And now this thread reads just like the podcast states happened for Moolah.  

It may or may not be a scam.  I don't know, but there is definitely "some writing on the wall" of things not going right.  

I'll admit the concept seems kind of neat, but this exact Bitshares platform has enough questionable factors in it for me not to invest.

For me, I am going to take the long approach of wait and see.  If I come back in a year or two and things are great, I'll be convinced it is good. 

My experience shows that if it is not legitimate, it won't last two years for sure.

[1714893455]

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[1714893455]

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[TinEye]

It should be noted that most of what tinyeye has stated is based on a very small amount of truth.

Finally someone stops deflecting and admits that it is the truth.

I'll admit the concept seems kind of neat, but this exact Bitshares platform has enough questionable factors in it for me not to invest.

Exactly what I feel. It has very neat features, and the tech is incredible.

NXT and Bitshares are both very innovative and are being eaten by greedy investors. Contrast to Counterparty who went ahead with their work and have now made a big breakthrough.

[NEM minnow]

Exactly what I feel. It has very neat features, and the tech is incredible.

NXT and Bitshares are both very innovative and are being eaten by greedy investors. Contrast to Counterparty who went ahead with their work and have now made a big breakthrough.

CounterParty burned all the Bitcoin initially donated to them too.  It was impossible for them to run off with the money or scam people because they weren't ever able to see the money in the first place.  Another good sign that somebody isn't trying to scam you and that it isn't a pump is when the devs don't get anything up front and aren't rich on day 1 of an unproven tech. 

[CLains]

Daniel Larimer, Bytemaster, main coder and man behind BitShares has 1383 posts right here on Bitcointalk registered July 27, 2010. He has 7186 posts on Bitsharestalk registered november 03, 2013. All his contributions are transparently available at Github. He goes to events holding presentations and is discussing openly with the competition. Go visit them at Virginia tech if you want.

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If there is an issue here, *trust* seems to be very low on the list. You know, it really is possible to disagree with a person or system without losing trust in them. There are lots of ideologically motivated people in this community who I would trust deeply, without therefore wanting to invest in their economically unsound projects.

[NEM minnow]

Yes.  He is very public.  We know who he is. 

Here is a video of him speaking.  http://cointalk.ca/cointalk-015-btcmiami-debate-featuring-ethereum-mastercoin-and-bitshares/

I saw this video when it first came out and this was the fist way I was introduced to Bitshares.

Three guys are speaking

Charles from Ethereum - current status - Charles left Ethereum, a big reorganization and Ethereum is still very much in question.  Took lots of money.  Hasn't delivered much.

J. R. - Mastercoin - current status - Mastercoin is just about dead.  It has been killed by Counterparty.  Mastercoin had a huge IPO which made J.R. rich and had a famous Maidsafe scam.

Dan - Bitshares - current status - It is working.  There is some controversy though I don't really understand either Bitshares or or the controversy so I can't speak to it. 

The point of this video is that being a dev that is public doesn't guarantee that a dev will stick around or that the platform will be successful. 

Its also interesting to see how these projects were proposed and what they are today. 

[brekyrself]

Its also interesting to see how these projects were proposed and what they are today.  

Exactly this.  Look at any real world successful company, they all change and adapt to the current environment.  I have been following BitShares closely, along with the other 2.0 projects, and all "changes" have benefited the community as a whole over the last 12 months (started with PTS).

Out of the major alts, the BitShares team has been the most up front and transparent.  I also like how the lead dev Dan is not afraid to speak his mind, does not hide behind a forum handle, and looks for community feedback on major issues.

We can not compare crypto technologies with fortune 500 companies, this is the wild west and were all in for a wild ride.  https://bitsharestalk.org/index.php?topic=10747.0