Quote from: smooth on June 15, 2016, 11:52:53 PM

Quote from: iamnotback

And especially after he had basically talked me out of thinking that Bitshares might be a credible team to partner with.

I don't remember ever discussing Bitshares with you or anyone else. It seems unlikely because with one small exception I have always been entirely ignorant about Bitshares, something that even today puts me at a disadvantage in understanding Steem (since it is based closely on Bitshares). The exception is that I was pretty sure their original model of pegged assets was catastrophically unstable and would not work. They later added a price feed, which improved it somewhat.

It may be that I made some general remarks that could be interpreted as arguing against the success of Bitshares model, but I don't know.

Thanks for the explanation.

I'll refresh your memory.

It was after I had announced Zero Knowledge Transactions and it was clear that Monero had a competitive solution RingCT and I was shopping ZKT around to potentially BBR and also I approached Bitshares briefly. Thus that must have been roughly Aug or Sept. There is a post from AnonyMint user name at the Bitshares forum as evidence.

I was discussing with you in private about the merits of ICOs and making money from launching a coin in what ever means. And you were trying to tell me that there is basically no money in it and that is why Monero's plan is the best, because the XMR devs just do it as a hobby or labor of love and don't take it too seriously as a way to generate income. You were always in general coaxing me away from any concept of making money from developing and launching CC, and to the open source hobbyist Monero way.

And I mentioned Bitshares as an example with their significant marketcap which had been as high as $40 million at one point for afair the ProtoShares. And had also mentioned Dash. That is when you instructed me about how all the mcaps are fake and you made me aware that insiders buy from themselves to make it appear that the volume is real.

I said okay maybe for Dash, but Bitshares seems to have legit technology and theirs might be real. And you said that look how Bitshares is trying to sell services (at that time in 2015) because they are basically cash strapped and aren't earning hardly anything from creating CCs.

In short, you were trying to discourage me from pursuing making a CC if I expected to earn any $ from doing so. That is not to say you were discouraging me from creating a CC if not for expectation of a payday. That is not to say you were wishing for me to fail if I did attempt to. I think you felt you were just giving sound feedback.

To be fair, you were aware of my illness and perhaps you were concerned and felt I might be better off to take employment, get medical insurance, and have a more stable and less risky source of potential income and funding for health care.

But I just know that before that discussion, I never thought about the altcoin market as being one giant scam and being entirely fake. I really bought into your take on that. But now in hindsight, I think you are not entirely correct. Seems people who have produced less technology than I am working on, having reaped some significant paydays.

Waves raised ~$15 million and referred to IOHK's open source without apparently having developed anything at all. It was apparently purely a marketing campaign. Heck I never expected even a $million, so with better tech than they have, why shouldn't I be able to get my $500,000 and also do some good for the CC community.

When I respect someone, it means I listen intently to what they have to say.