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Author Topic: Bitshares oligarchy rearing it's head  (Read 4634 times)
TaunSew
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March 03, 2015, 05:29:05 PM
 #41



Hilarious  Cheesy

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
barwizi
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March 03, 2015, 05:39:18 PM
 #42

BTS is in trouble, and unless something radical happens it's going to keep taking hits and die.

Lucky we sold out early
brekyrself
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March 03, 2015, 07:16:37 PM
 #43

Awhile back there was a scare among the community of dev's that big brother was looking into them and going to have a field day.  Did anyone think for a second that these steps are legal precautions where every word may now be monitored and used against them in a court of law?  Perhaps those letters did get mailed and this is a lawyers reaction?
Este Nuno
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March 03, 2015, 07:48:04 PM
 #44

Awhile back there was a scare among the community of dev's that big brother was looking into them and going to have a field day.  Did anyone think for a second that these steps are legal precautions where every word may now be monitored and used against them in a court of law?  Perhaps those letters did get mailed and this is a lawyers reaction?

I don't understand why they're doing this in the US. That seems like an extremely poor choice of venue for a project like this. Even if they try to do everything by the book I wouldn't be surprised if it's costing them hundreds of thousands of dollars in legal fees.

Ethereum moved to Switzerland I believe. There's probably quite a few good places in Asia that would be much better suited for this type of project I think. The cost/benefit to staying in the US seems off to me, but maybe there's something I'm not considering.
brekyrself
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March 03, 2015, 08:20:26 PM
 #45

Awhile back there was a scare among the community of dev's that big brother was looking into them and going to have a field day.  Did anyone think for a second that these steps are legal precautions where every word may now be monitored and used against them in a court of law?  Perhaps those letters did get mailed and this is a lawyers reaction?

I don't understand why they're doing this in the US. That seems like an extremely poor choice of venue for a project like this. Even if they try to do everything by the book I wouldn't be surprised if it's costing them hundreds of thousands of dollars in legal fees.

Ethereum moved to Switzerland I believe. There's probably quite a few good places in Asia that would be much better suited for this type of project I think. The cost/benefit to staying in the US seems off to me, but maybe there's something I'm not considering.

Developers need to watch their steps carefully, freedom and support of entrepreneurship is long gone.  Most countries have shifted financially to guilty until proven innocent.  However sad this situation is, there may be no alternative until crypto becomes a widely support positive business.

The world is getting smaller:
http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act


Countries (politicians) have become more worried about getting votes by speaking of highly controversial topics instead of pushing for job creation.  Hard to imagine why a country, perhaps one that is struggling financially, has not been an advocate of crypto and would back investors who create jobs around this field.
TaunSew
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March 03, 2015, 11:46:09 PM
 #46

Awhile back there was a scare among the community of dev's that big brother was looking into them and going to have a field day.  Did anyone think for a second that these steps are legal precautions where every word may now be monitored and used against them in a court of law?  Perhaps those letters did get mailed and this is a lawyers reaction?

I don't understand why they're doing this in the US. That seems like an extremely poor choice of venue for a project like this. Even if they try to do everything by the book I wouldn't be surprised if it's costing them hundreds of thousands of dollars in legal fees.

Ethereum moved to Switzerland I believe. There's probably quite a few good places in Asia that would be much better suited for this type of project I think. The cost/benefit to staying in the US seems off to me, but maybe there's something I'm not considering.

Developers need to watch their steps carefully, freedom and support of entrepreneurship is long gone.  Most countries have shifted financially to guilty until proven innocent.  However sad this situation is, there may be no alternative until crypto becomes a widely support positive business.

The world is getting smaller:
http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act


Countries (politicians) have become more worried about getting votes by speaking of highly controversial topics instead of pushing for job creation.  Hard to imagine why a country, perhaps one that is struggling financially, has not been an advocate of crypto and would back investors who create jobs around this field.

That is not why Ethereum moved to Switzerland.  They did an initial IPO and accepted BTC back in January (20140 but then the Ontario Government (Canada) came at them for running an illegal crowd fund and they had to shut it down.  

However to resurrect the same IPO, months later, in another country isn't going to absolve them of a crime in the long run once Ethereum gets too big

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
brekyrself
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March 03, 2015, 11:57:04 PM
 #47

Awhile back there was a scare among the community of dev's that big brother was looking into them and going to have a field day.  Did anyone think for a second that these steps are legal precautions where every word may now be monitored and used against them in a court of law?  Perhaps those letters did get mailed and this is a lawyers reaction?

I don't understand why they're doing this in the US. That seems like an extremely poor choice of venue for a project like this. Even if they try to do everything by the book I wouldn't be surprised if it's costing them hundreds of thousands of dollars in legal fees.

Ethereum moved to Switzerland I believe. There's probably quite a few good places in Asia that would be much better suited for this type of project I think. The cost/benefit to staying in the US seems off to me, but maybe there's something I'm not considering.

Developers need to watch their steps carefully, freedom and support of entrepreneurship is long gone.  Most countries have shifted financially to guilty until proven innocent.  However sad this situation is, there may be no alternative until crypto becomes a widely support positive business.

The world is getting smaller:
http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act


Countries (politicians) have become more worried about getting votes by speaking of highly controversial topics instead of pushing for job creation.  Hard to imagine why a country, perhaps one that is struggling financially, has not been an advocate of crypto and would back investors who create jobs around this field.

That is not why Ethereum moved to Switzerland.  They did an initial IPO and accepted BTC back in January (20140 but then the Ontario Government (Canada) came at them for running an illegal crowd fund and they had to shut it down.  

However to resurrect the same IPO, months later, in another country isn't going to absolve them of a crime in the long run once Ethereum gets too big


Ethereum is just an example of the political landscape around crypto.  Bitshares with Bytemaster being very well known in the USA might be facing legal hurdles, hence everything flowing through a PR guy on the opposite side of the world.

Looking at recent history this starts to make sense as Bytemaster has never been one to back away from public discussions.  I've browsed their forum since day one and he was never shy to post crazy topics with idea's that got everyone up in arms!
DecentralizeEconomics
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March 04, 2015, 07:05:31 AM
 #48

BitShares has a very wide range of supporters with differing ideas about how things should be done.
Some want it run like a professional company, some want it run like a movement, some want it run like a technical society.  Most of us don't want it to be "run" by anybody.  It is a decentralized company, after all.

Translation:

Bitshares has a very wide range of gullible individuals whose opinions don't matter and we do what we want regardless.  Isn't that obvious?
It really is a (professional?) company, it's not a movement, but we try to convince people that it is.  I threw in that "technical society" jargon to try to get gullible geeks to give me their BTC.  Our company is really run by myself, Dan (my son) and affiliated business interests originating out of Communist China.  We like to claim it's a "decentralized company" in hopes of avoiding US Federal prosecution because I have repeatedly stated that "Bitshares(TM) is a company" and we are "selling shares".  I'm in charge of "legal compliance"!  Don't worry!

We believe we should respect these various interests, and give their leaders some time to work out a consensus that will be suitable for everybody.  If you want to participate, get in contact with others who think like you and participate in discussion groups that have been ongoing since the issue was first raised.  Or ask Fuzzy to help you set up a your own public or private discussion session where you can invite others you agree or disagree with to exchange views and help guide the consensus that is forming.

Translation:

We're trying to figure out the best way to maximize the amount of money we can remove from your pockets and put in ours.  I think that will be most suitable for us.  Feel free to mindlessly babble with other suckers who believe we give a crap about their opinions.  Once in a while I will post a Snoopy cartoon and yell "Libertarian".

From what I have seen, the consensus that seems to be forming goes nowhere near the extreme strawman arguments that some have been trying to raise here. 

Translation:

HOLY $H!T THEY'RE ON TO US!

The challenge is to find the most fair and reliable process for disseminating information in a way that prevents market-moving misunderstandings.  The discussions are looking for ways that ideas can be openly discussed without causing rumor-induced panics that harm investors who don't have time to track the day to day discussions that now take place everywhere at everytime. 

Translation:

The challenge is to find the most believable story to tell you pawns to convince you that it's in your best interest to have information withheld from you.  If we start telling you what is really going on, you'd have to be brain dead not to rush to the nearest exchange to sell these worthless tokens that I keep claiming represent real value when they aren't redeemable for pocket lint.  Hopefully, we can keep this show going long enough that Dan and I can unload the buckets of BTS we have for multimillions of fiat.

Dan and I are trying to avoid biasing these discussions so that new leaders get a chance to represent the many BitShares stakeholders who will be the ultimate keys to its success.

Everybody knows what we think already.  Its been published everywhere.  Time to let some new voices make their case to the BitShares community.  That's what is happening now.   Smiley

Translation:

Dan and I are being told to be quiet because obviously whenever we open our mouths, we dig the hole even deeper.  We're going to parade some trained stooges in front of you and hope you believe that they are independent actors.

We hired a Chinese PR firm to convince the Chinese that Bitshares is the next Bitcoin.  We've decided to target the Chinese because most of them don't speak or read English and therefore can't understand the words coming out of my mouth or read this forum to uncover the truth.  Plus, those Chinese are used to being told what to do by Chairman Mao and are used to being controlled.  That's what is happening now.  Smiley

"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
Daedelus
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March 11, 2015, 02:43:14 PM
 #49

Where do these hordes get their news and discuss Bitshares? Presumably there would be millions of posts in Chinese somewhere.
robrigo
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March 11, 2015, 03:54:24 PM
 #50

Where do these hordes get their news and discuss Bitshares? Presumably there would be millions of posts in Chinese somewhere.

They use Weibo and QQ mostly. Some of their news & info portals:

http://www.bts.hk/
http://www.aboutbts.com/

Twitter: @robrig0

In Detroit? Want to learn more about BitShares? RSVP for the meetup! http://www.meetup.com/bitshares-worldwide/
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