Issue decentralized securities using Peershare

[Ben]

@Jordan: I just saw this over on Hacker News and figured I'd share it in case you haven't come across it yet.

https://news.ycombinator.com/item?id=7190592

[Yurizhai]

Anything an average Joe can do to help out at the moment Jordan?

[JordanLee]

Ok, so you aren't asking for funding from the community to protect your own self interests. This is fine and completely understandable. But, please stop with the BS that it's about anything but that. Ok? I wish you well with the project and I'm still very interested in investing.

Actually we are happy to receive funding from the community, we just can't give anything back directly to anyone who provides funding on this open source software, so we haven't asked.

Allow me to wax a bit philosophical here. Good relationships, whether business or personal, will protect and enhance the selfish interests of everyone involved. Do the relationships I am building around the Peershare project protect my own selfish interests? Yes, they do. Do these same relationships also protect the selfish interests of the people on the other side of each relationship? Apparently, yes. Will Peershare protect the selfish interests of any business that chooses to implement it? I certainly hope so. If it can't protect the selfish interests of a business, it won't and shouldn't be adopted. Will Peershare protect the selfish interests of a large number of shareholders of a variety of businesses? Yes. Will Peershare protect the selfish interests of Peercoin holders? Certainly.

So, Peershare isn't about protecting just my selfish interests. Its about finding a way to enhance and advance the selfish interests of many, many people without harming the selfish interests of anyone directly involved.

I think what you are really complaining about is that you can't find a way to have Peershare meet your own selfish interests at this time. That is understandably frustrating. I can't figure out a way to invite investment from the public at this time in a way that meets public expectations for disclosure without compromising the probability of our extension of Peershare succeeding.

This is worth repeating: Because a business owner using Peershare must purchase Peercoins before he can distribute them as dividends, Peershare will certainly increase demand for Peercoins. So, if you are bullish on Peershare, buying Peercoins is the right trade.

[JordanLee]

Anything an average Joe can do to help out at the moment Jordan?

Spread the word about our job openings for C++ developers and QA people. Let businesses that could benefit from using Peershares know about it. Finally, buy Peercoins so that the value of our development fund rises.

[JakeThePanda]

Everyone is here for the their own selfish interests.

Anyway, of course I own Peercoins. Good luck and I will be watching this thread for my own personal gain. ;D If I could help in any way, I would, but I barely know how to turn a computer on.

[JordanLee]

We have added yet another team member to the Peershares team: Ben, as he is known on this forum. He will be helping with quality assurance needs, documentation and (eventually) community outreach and training. He learned about the opportuity through this thread, so no referral fee will be paid.

For now, Ben and fishwich will fill out our QA needs. However, we are still looking for C++ developers.

[iheartcryptocoin]

Hey Jordan do you have any Legal or Banking background folks involved in the project right now? It could be wise to make sure your functionality designs are implemented in a way that will make the service easily compatible with different tax/securities regulations gov't might seek to enforce on end users. Even absent gov't action, some of those regs really just codify 'best practices' designed to help prevent fraud and could be really useful to keep in mind.

[Sentinelrv]

Jordan, I got Fuzzy to create the Peershares board that we talked about. Check it out. He said that if we outgrow this particular board, he can give Peershare its own section with multiple boards.

[JakeThePanda]

I wonder why someone gave me -2 Karma? It's not like I denounced Jordan and the project. I was actually expressing my confidence and appreciation for what he's doing by willing to invest at such an early stage.

[shadowduck]

@Jordan Lee

I introduced a friend to this project.
He will contact you by bitmessage.

[cryptog1]

Hi Jordan.
Here cryptog1 from Tokyo.
It looks like a promising project.
Will try to spread the word out in Japan about Peershare.

PS: I am a believer in PeerCoin.

[JordanLee]

I am very pleased with the progress the Peershare team has made in our first week and thought I would outline our accomplishments:

There has been a flurry of commits on GitHub from myself, FuzzyBear and sigmike. We have completed about half of the coding tasks in Phase Two this last week.
We have worked out a branching and merging strategy that will help us produce quality code.
We have begun to manage development tasks with GitHub issues.
We have established Bitmessage as the team standard for internal communication.
A Peershares.net website is on its way with the help of CoinHash and Ben.
We now have a dedicated Peershares section on Peercointalk.org.
FuzzyBear has set up a couple of VPSs for team use, particularly testing.
A build of completed Phase One code that creates a genesis block has been built and is ready for testing.
I have created a new thread "Everyday team coordination, progress reports and help request" which I am proposing team members use in the way I describe in the original post. For others, this is the thread to read if you want to understand what the team is doing and how we are progressing.

[wantrepreneur]

coinPPC.com
coinXPM.com

reserved both these domains to serve as an additional FAQ/QA area.

[JordanLee]

David has joined the Peershares team to help with marketing, particularly of our implementation of Peershares. You will be hearing more about this as we move forward. I'm excited to have him on the team and look forward to the time when we unveil more details about our implementation of Peershares.

[Sentinelrv]

David has joined the Peershares team to help with marketing, particularly of our implementation of Peershares. You will be hearing more about this as we move forward. I'm excited to have him on the team and look forward to the time when we unveil more details about our implementation of Peershares.

That's great news!

[JetJet13]

Hey guys,

Correct me if I'm wrong, but after spending some time reading about this project, it appears to be a lot like NXT. I say this because the project is

• Designed to be pure POS
• All the shares are generated in the genesis block
• Shares are distributed by purchasing from the holder/founder.

I guess my point is that Peershares is using some of the NXT features but in a way in that makes sense for everyone involved. If this turns out the way that is expected, it would be safe to say that Peershares is using NXT features the way they were meant to be used.

[JordanLee]

Hey guys,

Correct me if I'm wrong, but after spending some time reading about this project, it appears to be a lot like NXT. I say this because the project is

• Designed to be pure POS
• All the shares are generated in the genesis block
• Shares are distributed by purchasing from the holder/founder.

I guess my point is that Peershares is using some of the NXT features but in a way in that makes sense for everyone involved. If this turns out the way that is expected, it would be safe to say that Peershares is using NXT features the way they were meant to be used.

Strangely, it appears that both NXT and Peershares were both publicly announced for the first time on September 28th 2013. I was unaware of NXT when designing Peershares, so I wouldn't say that we have taken any ideas from it. Still, there are some limited similarities which you have articulated. There are probably more differences than similarities in regard to the market needs served by the two projects.

[KyLin]

That's a good idea

[deliciousowl]

Would there be any possible way to connect Peershares and Counterparty (XCP) http://counterparty.co in the future?

XCP is built on top of BTC, and Peershares are built on top of PPC if I understand it correctly.

It seems that the objectives are similar, and this would greatly benefit both systems.

[JordanLee]

Would there be any possible way to connect Peershares and Counterparty (XCP) http://counterparty.co in the future?

XCP is built on top of BTC, and Peershares are built on top of PPC if I understand it correctly.

It seems that the objectives are similar, and this would greatly benefit both systems.

First of all, the way that Counterparty and Bitcoin is quite different from the way Peershares and Peercoin interact. Counterparty uses the Bitcoin network to process its transactions, whereas a Peershares blockchain stands on its own for transaction processing.

Peershares and Counterparty both support appending 80 bytes of arbitrary data to transactions. This could be used to cross reference public addresses, hashes or transactions across the two systems thereby linking them. While I am sure there are use cases for this, it probably doesn't represent the low hanging fruit in the cryptoeconomy.