Okay yes I remember that. It seemed at the time Bitshares was going through a lot of turmoil, which included seeking alternate sources of funding such as building custom systems for banks (not clear that they ever got any takers). I still don't know the details of it, but it seems that project model has not worked out very well ultimately, just as I said at the time. It appears that Dan sold his remaining coins at a much-reduced price and moved on, though it isn't entirely clear whether he may contribute to it in some manner in the future. All in all I can't see how that is called a great success of a project; you might disagree.
Although perhaps an accurate summary of some facets and appreciably sobering, I think this is indicative of too pessimistic or one-sided perspective which needs more balance.
He may have profited earlier during the ProtoShares, which may have kept him motivated to keep trying. And then eventually he lands on the Steem project. There Butterfly Effects and serendipity is beyond our omniscience. We stay engaged so we are ready to have breakthrough moment, such as this morning when I awoke and realized the killer app for smart block chains.
The Bitshares model was not replicated when Dan went and started his new project Steem, which to my mind means someone who knows a lot more about that model than I do also didn't think much of it. Now he's tried another (stealth-mine) model, which I also don't think has really worked out all that well either (though the jury is still out on that one objectively).
Well I am very glad he tried it before I did, so I can learn not to try it. Nature meanders and all the noise is integral to (essential element of) the process of decentralized annealing to the optimum fitness.
My analysis/opinion thus far is that the challenge for Steemit thus far is the investment and usership model:
https://bitcointalk.org/index.php?topic=1505886.msg15233793#msg15233793
So maybe you have your own ideas how to launch a coin and make money. If you have new approaches, good for you.
No comment.
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.
That's exactly right, and I think I said so at the time. I even suggested that you take up on some offers that you had for paying work to get your personal finances in better shape (so you could at least afford to take a trip to a developed country for medical evaluation and potentially treatment).
That fucking Chronic Fatigue Syndrome delirium scrambled egg brain fog health crap has been a 4 year DAILY (1460+ days!) fucking albatross around my neck! Good grief Mr. Nature/Universe/God, please give me a break! I want to code!
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.
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.
Well if you think you can raise money without having developed anything at all on the basis of, for example, very questionable claims about members of the IOHK team being on their team or being advisors (which IOHK denied) and you think that isn't a scam, go for it. I don't think that path leads anywhere except putting some money into the organizers pockets, and maybe a token that can be pumped. I don't believe the $15 million number either, but I'd believe they did raise some.
Of course I will not copy their methodology. I will not launch vaporware and instead something with real technological and marketing innovation that can withstand peer review.
But I am also not going to criticize them other than noting what they did. I'll let the speculators decide how they play the game. I'll be trying to observe and understand what all the players in this altcoin arena game are doing. I'd rather understand, than delude myself into thinking I have any control over others.
Any influence I have will most significantly only be due to any great accomplishments, if any.
And fluffypony commented in this thread. And he has more great accomplishment in altcoins than I, so I am humbled. Apologies i am so loud mouthed. Just replying to all your points.