Overstock - big media attention!

Sending dividends in another currency is easy to implement.

You just need to change in the code:

  • the internal version number used to encode the currency addresses and private keys
  • the default config file name of the currency daemon
  • probably some texts mentioning Peercoin

The currency must have a daemon with the following RPC commands:

  • importprivkey
  • sendmany

River, how about this then…

  • Peershares can easily be converted to distribute dividend payments in other cryptocurrencies, but Peercoin was chosen as the default because of its role as a strong backbone currency and long-term store of value.

+1

Good job guys, keep it up! ;D

[quote=“Sentinelrv, post:22, topic:2732”]River, how about this then…

  • Peershares can easily be converted to distribute dividend payments in other cryptocurrencies, but Peercoin was chosen as the default because of its role as a strong backbone currency and long-term store of value.[/quote]

Maybe just intended role…

Thanks sigmike.

If it sounds too much like “marketing speak” then someone will just delete it. That’s what happened when I copied stuff over from the website. For now I just changed it to “Automated dividend distribution with Peercoin or other cryptocurrency” and removed it as a disadvantage.

By the way, I just realized that one of the people making false edits about Peershares seems to be a counterparty lead dev*. He hasn’t disputed anything after I changed them back though. edit: *possibly

Do you know who it is?

Well yeah, I think so. Maybe I shouldn’t have brought it up. These things are bound to happen when you open up a wiki to rival cryptos. I’m sure Overstock must realize this. It’s just kind of petty. Anyway, It’s fixed now.

I’m curios to know more about this. Which diff are you referring to; this https://o.info/index.php?title=How_to_issue_a_cryptosecurity&diff=644&oldid=643 ?

I’m curios to know more about this. Which diff are you referring to; this https://o.info/index.php?title=How_to_issue_a_cryptosecurity&diff=644&oldid=643 ?[/quote]

No, I’ll send you a message.

I just tweeted Patrick Byrne…

https://twitter.com/PeercoinPPC/status/495185288541794304

[quote=“Sentinelrv, post:30, topic:2732”]I just tweeted Patrick Byrne…

https://twitter.com/PeercoinPPC/status/495185288541794304[/quote]

Time to buy some more peercoins :wink: :smiley:

EDIT:
now
114 followers https://twitter.com/officialnubits
174 readers http://www.reddit.com/r/nubits

If it sounds too much like “marketing speak” then someone will just delete it. That’s what happened when I copied stuff over from the website. For now I just changed it to “Automated dividend distribution with Peercoin or other cryptocurrency” and removed it as a disadvantage.[/quote]

I only half-understand this thread, but want to say that I think River is right with his above judgement

It seems like this was worthwhile for drawing attention to Peershares. Even some in the Bitshares community think Peershares is a better fit for Overstock :wink:

https://bitsharestalk.org/index.php?topic=9209.0

[quote=“river333, post:33, topic:2732”]It seems like this was worthwhile for drawing attention to Peershares. Even some in the Bitshares community think Peershares is a better fit for Overstock :wink:

https://bitsharestalk.org/index.php?topic=9209.0[/quote]
On 6 October the second Peershares-based implementation after Nubits will be announced by Overstock. Dividends will be paid in Peercoins. Overstock will accept NuBits on the same date.
One can dream 8)

[quote=“Cybnate, post:34, topic:2732”][quote=“river333, post:33, topic:2732”]It seems like this was worthwhile for drawing attention to Peershares. Even some in the Bitshares community think Peershares is a better fit for Overstock :wink:

https://bitsharestalk.org/index.php?topic=9209.0[/quote]
On 6 October the second Peershares-based implementation after Nubits will be announced by Overstock. Dividends will be paid in Peercoins. Overstock will accept NuBits on the same date.
One can dream 8)[/quote]

You had me going there for a sec :stuck_out_tongue:

Is there anybody who keep in touch with Overstock on behalf of Peershares?

I heard that even 3I(BTSX) developer bet on Peershares win Overstock.

[quote=“lg15x, post:36, topic:2732”]Is there anybody who keep in touch with Overstock on behalf of Peershares?

I heard that even 3I(BTSX) developer bet on Peershares win Overstock.[/quote]

I don’t think they would want to be the first ones to try it out though. Isn’t the way NuBits handles it far different from the standard Peershares implementation? It’s mixed in with a lot of other stuff, so I don’t know. Overstock would just use a single blockchain, without all the NuBits stuff attached.

Ref: http://www.coindesk.com/overstock-hires-counterparty-developers-build-cryptosecurity-stock-exchange

Byrne said that while he had considered other platforms, he ultimately felt that the Counterparty team and its underlying use of the bitcoin protocol provided the best opportunity to bring his ideas to light.
“The block chain has been pounded on by all these hackers around the world,” he said. “It’s the most secure.”

Wow, a rather surprising lack of insight here… did Byrne not get the memos on Heartbleed and Shellshock? I have the utmost respect for Bitcoin developers, but I think it’s a bit foolhardy to just assume there’s a lot of “pounding” going that automatically makes Bitcoin’s blockchain the most secure.

Oh well, a corporate buyout of Peershares is not something I would have liked to have seen anyway.

I believe this has played out in the mind of Byrne:

  • Peershares is run by an anonymous community
  • He is not interested in decentralization - he’s primarily interested in profit and being in control within a new market

Overstock.com Seeks To Build New Stock Market

http://cryptoanalysts.com/overstock-com-seeks-to-build-new-stock-market/