Quote from: miragecash on August 25, 2015, 07:33:47 AM

I don't see how BitShares's "distributed autonomous companies" will work without
strong A.I. I think it is a great idea but a bit ahead of its time. I mean,
let's say that you have an "autonomous company" with a set of rules, right?
However, the employees are all taking siestas and not taking their jobs
seriously. The autonomous company fires them because the corporate rules mandate
it due to not meeting quota, but the next batch of monkies, er employees are
just as lazy! A human would walk through the factory floor and talk to the
employees to figure things out, but an autonomous company can't, not without
strong A.I. anyways.

The DAC is not firing people on its own. Its the shareholders that feel their
needs are not met and thus fire people. Hence, you can establish a
trust-relation ship with shareholders over time. But if you fuck with the
shareholders once, they may not be willing to give a 2nd chance.

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studied the website and it makes no mention of time it will take to clear a
transaction. Dash takes "seconds" using "supernodes". Bitcoin can take an hour
for 30 to 60 confirmations.

Shareholders are able to decide the block confirmation time. As we use DPOS,
there is absolutely no variance in the block times. Hence, as we start with a 5
sec block conf time, your transaction is cleared withing 5 seconds at most, and
2.5 seconds on average.

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Also, lack of an installed wallet on my computer or
mobile device, just an online wallet. so does that mean that the online wallet
is "decentralized"?

There is a "core" (backbone) and a GUI (frontend). You can chose to run only the
GUI and connect to a public core (Crypto stuff happens in the GUI locally) or
you choose to go more decentralized and run your own core client.

This has also nothing to do with "centralization" because the number of block signers
is what gives the "decentralization". .. and with BTS2 we will start of with 101
of them.

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Does one developer control that wallet? and can run off
with all the money like the Mt Gox guy?

Nop.

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Also, no place to spend it. Not one.

Where could you spend Bitcoin back in 2009? Name one!

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How to write smart contracts? Is there a coding for dummies?
Or a GUI so I
don't have to code to make smart contracts?

Just because BitShares is a smart contracts platform does not imply you can put
your stuff in there as simple as in ethereum. Smart contracts have to be
developed carefully because they need shareholder approval to get integrated.
Not just plug and "play" as in ethereum.

tmpxeroc

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