Listen to that part of the show.  It was a discussion of the community and their views on DPOS. IIRC the partnership was along the lines of trying to sell Vitalik on DPOS. 

Vitalik doesn't like the politics of DPOS, but mining pools are having politics/votes but it is just never talked about. Listen to the show. 

Anything I've heard from Dan is very respectful, but that doesn't mean there isn't some cognitive dissonance going on in certain circles.

I believe it would be highly accurate to call it a crypto-bank, especially after listening to this hangout.

"Centralized bank"  that is a new one.  Thats even worse than claiming NXT has 23 stakeholders !

Someone pointed out to me that BitShares is #4 and not #3.  I don't consider Ripple a crypto-currency.  So BitShares is #3 after BTC and LTC.

Anyone disagree ?

Anyone interested in what is happening with the #3 crypto-currency by market cap.  This is an interesting show that might have you reassessing your investments.

https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-dan-talks-about-new-marketing-2014-11-07

0:00 Dan Larimer starts off talking about meeting with John Underwood and the remittance business. Talk about the snapshot for BTS timeframes. What has happened this week.
2:12 Bytemaster talks about the new vision for marketing and the ways in which BTS will be pitched. He goes into discussion on how the vision has changed and where we're currently at. The future of banking!
11:00 Legal concerns about issuing stocks on the blockchain and the different approachs one might take to hopefully remain within the letter of the law.
13:30 A user asks about diverging away from traditional crypto-anarchists views. The difference between currencies, stocks, and assets.
17:45 Value of a company being able to invest in public on the blockchain?
19:56 More discussion about what Bitshares is and isn't and how it relates to the masses.
23:10 Sending value over phone text messages? Security issues and how it relates to the different class of BitShares users? Those who own shares in a bank versus those who use the bank.
26:35 Discussion on civil asset forfeiture.
28:45 How do we differentiate what Bitshares provides vs. the banking industry ?
32:34 Is there possible to have a reputation system that is not tied into a real life identity ?
35:25 How does working for a DAC work within the traditional banking system ?
37:02 What about loans and credit that are available from traditional banks? How does this play into marketing?
38:40 Discussion of negative interest rates at banks in Europe. Are banking fees comparable to negative interest?
41:00 What about the possibility of crypto-currencies being blocked at the router level ?
45:33 On-ramps ?
47:00 Changes in marketing in the near term ?
51:05 Any estimation on block # for the hardfork for BTS switchover?
52:41 Lets talk about the status and issues with the forums.
1:01:37 Lets talk about Proof of Waste !
1:03:05 Sidechains?
1:06 What about the analogy of mining? Discussion of Ethereum and Dan gives a high level analogy that points out wonky logic.

I was aware of the rule but it slipped my mind.  Thank you for not locking/deleting the thread. 

If anyone here does not yet know, Bitshares X - Bank and Exchange (BTSX) is live and trading on bter.com and btc38.com.

The client needs a little bit of work and can be rough around the edges, but BTSX are tradeable.  

If you are interested, the easiest way to get started is http://wiki.bitshares.org/index.php/Bitshares-x-how-to

For info on what BitShares X is visit http://wiki.bitshares.org/index.php/Bitshares_X

Currently bter is requiring a registered account to withdraw.  That means you will need to have BTSX to register an account before you can withdraw.  Since giveaways are not allowed, please visit https://bitsharestalk.org/index.php?topic=6106.0 and someone will be happy to give a few BTSX.

Please be patient.  People are having varying results with the client but the transactions are secure.  The next release should be real soon and significantly improved.

Only 2 hours left...  throw in something !  Get your piece now !

The github link is probably a better choice.  The wiki is an extra layer.  We're coming up here on the last few hours to get some AGS !

The snapshot taken on Feb 28th was for Bitshares X so anyone who invested in AGS up until that date will get their stake.

I have to disagree about it not being well thought out.  I would argue that this has been thought out far more than any other crypto-currency.  Many of the results have  been from a deeper inspection of what is actually going on.

For example - I don't read here as much as I used to, but I recently read a thread with complaining about a TV talking head suggesting making BTC be constantly inflationary.  Everyone starts comparing it to doge.  I'm pretty sure I'll be dead and long forgotten by the time Bitcoin stops inflating the money supply.  No one even stops to examine the underlying premise - that a currency needs inflation to remain secure.

ROFL.  What a complex and wonderful question.

The basic problem is that due to innovation chains need to be separate.  If they were all the same chain it ends up like Bitcoin or Mastercoin/XCP.  The blockchain is seen as a metaphor to a company, so these are all individual companies that you can invest in.

Protoshares allows you to have a stake in any future DAC (Where the DAC honors the social consensus.)  AGS was a way for them to do crowdfunding.  You keep your private key to redeem stakes going forward.  It is never intended to be made liquid.

Bitshares X is the first and most ambitious product.  Unfortunately the genesis block was already been decided, but shares will be on the open market soon enough.  Bitshares X has market pegging of assets using something akin to a prediction market.

Next we will see p2p that implements namecoin.

THere is no crypto asset named Bitshares.  Thats pretty much just the term to refer to the ecosystem as a whole, which will be based off the bitshares toolkit and completely open source.

The point here is every asset has its own function like a company.  If they were all on the blockchain nothing would ever get done because of competing requirements.  Also, it would never work with the distribution of shares.  This lets entrepreneurs innovate just like a real company.

Well I need to check it out.  I have to assume it still requires downloading the full bitcoin chain ?

I believe with Bitshares X the main exchange will not have cheap assets in order to keep out the clutter/scams, so I don't think the early versions of the exchange will be competitive in regards to the creation of cheap assets.

I once wanted to download CounterParty and it needed a full bitcoin node.  They're neat technology but they are hamstrung by their reliance on Bitcoin IMO.  I agree, if you have to rely on any currency it is best BTC.  

It is even better yet to have your own currency like NXT/Bitshares X.

I misspoke when I called them weird...  I just find the 2 hard to categorize.  I just don't think either can innovate very well because they have to rely on bitcoin.  I'm a big fan of innovation in this sphere, so I like Bitshares.  Sounds corny, I know.

The source is out on github.  The team of developers is public and not anonymous people on the internet. 

http://wiki.bitshares.org/index.php/Videos_and_Audio  Is a great place if you want to see the development team. 

IMO it is a lot more like NXT than either Mastercoin or Counterparty.  Both of which have to piggyback on Bitcoin and face the inherent limitations.

The source code has a public testnet that is quite active.  The initial release is soon which will make BTSX liquid.

The "IPO" aka donation period has been going on for 198ish days now.  It wasn't a flash sale.

I think investing in PTS has a lot better shot at paying off than 99%+ of crypto-currencies.  The reasoning is that it has a whole ecosystem behind it being developed.  It isn't like a singular bitcoin fork trying to make a name for itself.  The economics are sound.

My whole life I've never tied my wagon to much of anything.  BitShares has been different.  Make of that what you wish.

BTSX is a no brainer.  Even if the chances of failure are somewhat high, the upside makes up for it.  Take a flyer and put a few bucks into it at least.  I have more to gain if you don't invest early as it will screw up the price, but I'm not here to mislead, only inform.

 644.1390368116966299

I can't speak to NXT, but I can speak a bit about BitShares.  My understanding is they had someone in the  Carnegie Mellon CS PHD program quit to work on Bitshares along with other extremely talented folks.  This isn't just some random anonymous people on the internet.  I'm not even sure what you're talking about "IPO coin".  The bitsharestalk.org has about 5000 accounts, and a lot of them are Chinese.  There wouldn't even be a need for "mule accounts" as you use your private key to redeem the fruits of your donation.

I'd prefer POS over Bitcoin's POW which is charging users 10% inflation just for network security.  Actually if Bitshares followed that model, the initial inflation would be approaching infinity at the start.  We forget how bad it was in the early days.

Why do you want your money supply inflated to pay for network security ?

I do not know the answer to this question, except both parties work together closely.  So they're not completely separate but I do not know who is an employee of Invictus and who isn't.  Invictus was the original company but they've restructured since then.

Share supply is 2 billion.

Initially there will only be a small number of assets to guarantee market depth.  As it grows, one should expect more assets to become available.  BitUSD is the asset that tracks USD, BitBTC tracks BTC etc. 

I think the current plan is 2 main assets BitGold and BitUSD.  I want to say there will be a third one tied into oil or CNY but I am not entirely  sure.  The wiki is a constant work in progress, but the product itself is a work in progress.

Aren't we ALL !?   

I have a strong feeling it will be sooner than later.