Quote from: TPTB_need_war on January 11, 2016, 01:08:15 PM

Stan, I suggest you not sell the future as you have done in the prior post. Because all this selling the future is potentially getting you in deep trouble with the SEC. Both you and Dan are US citizens as I am, correct. The other flaw of PoS, and especially DPOS and Dash masternodes (as pointed out by smooth et al) is you are paying yourselves via the shares from an enterprise that issued unregistered investment securities. I can't fathom how you convinced yourself that you are not going to jail in the future or end having to lick the boots of the SEC as Erik Voorhees did to wiggle out of jail time.

As of now what you have is:

Quote from: StanLarimer on January 11, 2016, 12:35:24 PM

BitShares meets all our threshold design objectives for a practical engineering solution to a secure self-governing real-time blockchain.

You and Dan are intelligent and good with bending words. I am good at drilling down between the lines. What the above sentence means is that you think crypto currency is politics and governance. Others of us think it is permissionless commerce.

If you guys become more aligned to reality and stop the delusion, then I would be more inspired (say to work with you or build apps on top of what you are doing). But for one thing I can't even fathom to support your operation because it appears to be illegal according to the Howey test.

Non sequitur. We are not designing a cryptocurrency. We are designing blockchain based accounting software for businesses that offer a variety of financial products. Some need a self-governing model. You continue to project your preconceptions on our products and then expect us to comply with them. They only have to meet the business needs of entrepreneurs who choose to use our free software. There is no intent or need to comply with your particular philosophy - which we agree is valid, but not exclusive.

We are totally aware of the Howey test and have scrupulously avoided engaging in any business governed by it. Our only activity is developing an open source software toolkit which others have used or are using to deploy their own applications including BitShares, MUSE, PLAY and Identabit. We do not operate any of these businesses or pay ourselves anything. We do accept contracts to provide and maintain software for other manned and unmanned entities. At no time have we sold anything.