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I've been following your company on hn for awhile. I'm still iffy on whether crypto will really change the world but if it does I'd rather see your offering bea

I've been following your company on hn for awhile. I'm still iffy on whether crypto will really change the world but if it does I'd rather see your offering beat out libre. FB et al shouldn't be creating a coin but join with companies like yours who have a solid footing and create new stuff within existing ecosystems.

muneeb 7y ago
I agree with you that the crypto industry in general over-hypes, and everything is a "revolution." The scalable infrastructure and developers tools still require a lot of work and getting "killer apps" is a whole new phase of traction. With that said, I'm optimistic as all signs seem to point to the fact that security and privacy are going to become more and more critical. Facebook Libra is a great example. Even FB wants to enter this space and rightly so. They have the userbase and are trying to build a decentralized (well federated really) network. Blockstack is open vs. permissioned (Libra). We've done 4+ years of R&D work and are now in the developer traction phase. We want thousands of experiments to happen and organic usage of apps to emerge.
- steveharman 7y ago
  Will you be opening your documentation and legals (where possible), so that others might follow a similar regulatory path with the SEC? Thanks
  - muneeb 7y ago
    Yep, the filing is already public and available through the SEC Edgar website. See also https://stackstoken.com/circular https://stackstoken.com/circular Our hope is that the work we've done (and the $1.8M legal and accounting fees that we've paid!) helps other projects as well. That would take some sting out of the legal/accounting costs of doing this :-)
    - steveharman 7y ago
      Fantastic, thanks for your efforts and also for taking the time to reply.
rolltiide 7y ago
> FB et al shouldn't be creating a coin but join with companies like yours who have a solid footing and create new stuff within existing ecosystems. Its easy to say that while completely ignoring the lopsided economic incentives of launching your own thing If there is a single 1 incompatible thing then the team and network wont let you launch on their network, wont give you any of the partner tokens or subsidies And you did all that when you could have just used your clout to launch your own thing collecting literally 8, 9 or 10 figures of USD and the majority ownership of a precreated asset you granted yourself. 50 years of salary, taxed way lower, for any software engineering founder. If you’re ignoring this just because “crypto”, while working on someone else’s adtech has-been, you are doing yourself a disservice. The issuer side of all markets is heavily misunderstood. But especially in crypto markets. People view the whole concept from the speculator’s side.

muneeb 7y ago

I agree with you that the crypto industry in general over-hypes, and everything is a "revolution." The scalable infrastructure and developers tools still require a lot of work and getting "killer apps" is a whole new phase of traction. With that said, I'm optimistic as all signs seem to point to the fact that security and privacy are going to become more and more critical. Facebook Libra is a great example. Even FB wants to enter this space and rightly so. They have the userbase and are trying to build a decentralized (well federated really) network. Blockstack is open vs. permissioned (Libra). We've done 4+ years of R&D work and are now in the developer traction phase. We want thousands of experiments to happen and organic usage of apps to emerge.

steveharman 7y ago
Will you be opening your documentation and legals (where possible), so that others might follow a similar regulatory path with the SEC? Thanks
- muneeb 7y ago
  Yep, the filing is already public and available through the SEC Edgar website. See also https://stackstoken.com/circular https://stackstoken.com/circular Our hope is that the work we've done (and the $1.8M legal and accounting fees that we've paid!) helps other projects as well. That would take some sting out of the legal/accounting costs of doing this :-)
  - steveharman 7y ago
    Fantastic, thanks for your efforts and also for taking the time to reply.

rolltiide 7y ago

> FB et al shouldn't be creating a coin but join with companies like yours who have a solid footing and create new stuff within existing ecosystems. Its easy to say that while completely ignoring the lopsided economic incentives of launching your own thing If there is a single 1 incompatible thing then the team and network wont let you launch on their network, wont give you any of the partner tokens or subsidies And you did all that when you could have just used your clout to launch your own thing collecting literally 8, 9 or 10 figures of USD and the majority ownership of a precreated asset you granted yourself. 50 years of salary, taxed way lower, for any software engineering founder. If you’re ignoring this just because “crypto”, while working on someone else’s adtech has-been, you are doing yourself a disservice. The issuer side of all markets is heavily misunderstood. But especially in crypto markets. People view the whole concept from the speculator’s side.