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Offline ElRageO

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I win !
« on: May 11, 2015, 09:45:05 AM »

For those of you that done know me here is back story. I Spent all of my bit coin which was just  under 5 btc  on bts. I did it on a blind bet I work at sea and was never even able to download the client. I got in at a bout 2k sat per share. I invest as a hobby. Been worried about the price and due to limited bandwidth was never able to download the client till to day. So a blind investment..

Now got I got sick of trying to micro trade and was looking for the  NBT so I went all in blind here. After getting the client lol man I seriously think I scored a home run. Active devs and community to boot! Its gonna be a complete market! My investment has gone down but thats not the point these guys continue at this rate I only know my investment is going to go wayyyy beyond my initial investment. So for a long term I think I scored an ace :)

The client is still not version 1 it will only get better so :) Im kicking and grinning. I think I found the place and investment that is NOT pnd and I think considering where i invested im gonna make out great! My opinion is dont worry about the price lol I invested without even seeing the client till today. I was impressed with it and holy crap there will be some issues but a full exchange , wallet integrated. ... now if I can link this to a bank account this is a bit coin killer and I made a hell of an investment! Just my opinion if I lose it all dont care this is a great concept ant I think when it takes off its gonna go like a rocket!
Later
Rage


Offline cass

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Re: I win !
« Reply #1 on: May 11, 2015, 09:54:47 AM »
Welcome aboard ElRageO!

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Offline xeroc

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Re: I win !
« Reply #2 on: May 11, 2015, 10:02:34 AM »
So for a long term I think I scored an four aces :)
fixed it for you .. can thank me later :D
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline ElRageO

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Re: I win !
« Reply #3 on: May 11, 2015, 10:21:28 AM »
 :D Seriously it was way more than i was expecting and to see what is going on is monumental at this point. If the devs can make it happen it will be just awesome.

Offline Ben Mason

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Re: I win !
« Reply #4 on: May 11, 2015, 10:50:48 AM »
So for a long term I think I scored an four aces :)
fixed it for you .. can thank me later :D

Lol!

Great positive sentiments Rage

Offline BunkerChain Labs

Re: I win !
« Reply #5 on: May 11, 2015, 11:58:41 AM »
For those of you that done know me here is back story. I Spent all of my bit coin which was just  under 5 btc  on bts. I did it on a blind bet I work at sea and was never even able to download the client. I got in at a bout 2k sat per share. I invest as a hobby. Been worried about the price and due to limited bandwidth was never able to download the client till to day. So a blind investment..

Now got I got sick of trying to micro trade and was looking for the  NBT so I went all in blind here. After getting the client lol man I seriously think I scored a home run. Active devs and community to boot! Its gonna be a complete market! My investment has gone down but thats not the point these guys continue at this rate I only know my investment is going to go wayyyy beyond my initial investment. So for a long term I think I scored an ace :)

The client is still not version 1 it will only get better so :) Im kicking and grinning. I think I found the place and investment that is NOT pnd and I think considering where i invested im gonna make out great! My opinion is dont worry about the price lol I invested without even seeing the client till today. I was impressed with it and holy crap there will be some issues but a full exchange , wallet integrated. ... now if I can link this to a bank account this is a bit coin killer and I made a hell of an investment! Just my opinion if I lose it all dont care this is a great concept ant I think when it takes off its gonna go like a rocket!
Later
Rage

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Offline Permie

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Re: I win !
« Reply #6 on: May 11, 2015, 12:01:16 PM »
I share your enthusiasm!

Although I'm not not sure that BitShares is a 'bitcoin killer'.
I've come to the conclusion that bitcoin and bts fulfill separate niches of the financial sector.

I see bitcoin's trustless-ness as too valuable to give up, so I see it becoming the stable store of value comparable to gold. The BitShares DAC will track the value of btc and other stores of value but it can never be 100% trustless, else it wouldn't be able to have a price feed or make informed human decisions with Delegates.

In the current system, you might hold gold to preserve some of your wealth - but you wouldn't expect to be able to use it to trade financial derivatives. It takes businesses and humans to operate the financial ecosystem that allows the trading of value.
Businesses will indeed tack-on to bitcoin to provide these services - but can they be decentralized? I think the answer is yes, but that the conclusion you come to when designing the best system to handle this decentralization is BitShares. And then it turns out that it's faster and more efficient to run these services on a separate purpose-built blockchain and avoid inefficiently scanning the bitcoin blockchain for meta-data.
Trust is the crux. Financial derivatives need trust and the ultimate store of value will avoid trust wherever possible.

Bitcoin the store of value and BitShares the financial ecosystem are complimentary and I don't think either will eclipse the other.
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jakub

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Re: I win !
« Reply #7 on: May 11, 2015, 12:56:28 PM »
Bitcoin the store of value and BitShares the financial ecosystem are complimentary and I don't think either will eclipse the other.
My first thought was: I fully agree with it.
But my second thought was this: How can Bitcoin store value if it burns so much value in the mining process? We have this paradox: the more Bitcoin appreciates the more ineffective it is as a store of value. So its price is doomed to be low or its efficiency is doomed to be at an absurd level.
« Last Edit: May 11, 2015, 01:04:34 PM by jakub »

Offline Permie

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Re: I win !
« Reply #8 on: May 11, 2015, 02:14:32 PM »
Are you saying that the market might not value trustless vs a tiny tiny bit of trust spread over 101 Delegates?
Bitcoin vs BitShares.
The way I see it the only advantage bitcoin has is that is requires no trust at all (if you have access to sufficient hashing power.)

I really like that BM has repeatedly suggested that BitShares must adapt to remain the perfect embodiment of a decentralized asset exchange, else someone else will fork and take the market with them. So I believe in the capable people currently coding BitShares to stick to that premise which should mean that my investment will always be in the most efficient system most likely to succeed.

The argument given for DPOS vs POS regarding centralization of producing blocks given on BM's blog is compelling and is a key reason I have confidence in BitShares long term.

http://bytemaster.bitshares.org/article/2015/01/07/The-Most-Decentralized-Proof-of-Stake-System/

DPOS vs POW (Bitshares vs Bitcoin) is also another great read to instill confidence in BTS.

http://bytemaster.bitshares.org/bitshares/2015/01/04/Delegated-Proof-of-Stake-vs-Proof-of-Work/

I think the only reason that the price of bts is so low right now is that it takes a lot of effort to read around to find all the information and due to our products not ready for mainstream release just yet.
As soon as people are presented with clear and simple reasons they should use or invest in bitshares the price should rocket - and suddenly Delegate pay goes through the roof and BitShares can fund x100's more development and complimentary services to the network. The bigger bitshares gets, the faster it grows!
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