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Offline SuanBing

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First post: Hello world,Hello ME
« on: March 17, 2014, 04:53:21 PM »

 :) +5%
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Offline muse-umum

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Re: First post: Hello world,Hello ME
« Reply #1 on: March 17, 2014, 05:02:24 PM »
卧槽,真快啊

genisis block found,let’s bitshares

Offline Overthetop

Re: First post: Hello world,Hello ME
« Reply #2 on: March 17, 2014, 05:03:02 PM »
 +5%
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Offline yellowecho

Re: First post: Hello world,Hello ME
« Reply #3 on: March 17, 2014, 05:27:26 PM »
Soooo.... What're ya'll looking forward to the most with BTS Me?  How will ya'll be using it?   8)
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Offline toast

Re: First post: Hello world,Hello ME
« Reply #4 on: March 17, 2014, 06:00:55 PM »
I will be using it to sell consulting time. I doubt anyone will buy it, but I'll selling it =P
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline ffwong

Re: First post: Hello world,Hello ME
« Reply #5 on: March 17, 2014, 06:06:22 PM »
Please educate me. What can be sold via BitShares ME? Services or physical item? What criteria allow the service or item to be traded? I don't quite get it.
Cast me some votes. I am running:
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Offline toast

Re: First post: Hello world,Hello ME
« Reply #6 on: March 17, 2014, 06:30:08 PM »
You just issue IOUs. It's just an asset backed by a promise, just like mastercoin or counterparty. You can have it mean whatever you want.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline yellowecho

Re: First post: Hello world,Hello ME
« Reply #7 on: March 17, 2014, 06:32:45 PM »
I will be using it to sell consulting time. I doubt anyone will buy it, but I'll selling it =P
That's a good idea!  I play music and have considered BTS Me for selling tickets to our shows.. seems do-able  8)
696c6f766562726f776e696573

Offline ffwong

Re: First post: Hello world,Hello ME
« Reply #8 on: March 17, 2014, 06:50:25 PM »
You just issue IOUs. It's just an asset backed by a promise, just like mastercoin or counterparty. You can have it mean whatever you want.

Suppose I issued an IOU and someone bought it, but I don't fulfill my promise (scam in other words). What happen next (to me and to buyer)? My IOU value drop to zero?

But how a buyer can "buy" my IOU? with XTS? or with BitsharesME shares?



Cast me some votes. I am running:
- dragonball for Bitshares 2.0 net
- delegate.fftt for PTS (DPOS) net

Offline toast

Re: First post: Hello world,Hello ME
« Reply #9 on: March 17, 2014, 06:52:30 PM »
You just issue IOUs. It's just an asset backed by a promise, just like mastercoin or counterparty. You can have it mean whatever you want.

Suppose I issued an IOU and someone bought it, but I don't fulfill my promise (scam in other words). What happen next (to me and to buyer)? My IOU value drop to zero?

But how a buyer can "buy" my IOU? with XTS? or with BitsharesME shares?

It's up to you, the customer, and the public to resolve un-honored IOUs. You could also theoretically do something really fancy like have a piece of hardware that requires ownership of the asset on Me to work, so then your asset could effectively be traded as a title for that piece of hardware.

Buyers buy the asset on the exchange within Me, using other Me assets or the core Me asset (XME?)
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline luckybit

Re: First post: Hello world,Hello ME
« Reply #10 on: March 17, 2014, 08:38:22 PM »
You just issue IOUs. It's just an asset backed by a promise, just like mastercoin or counterparty. You can have it mean whatever you want.

Suppose I issued an IOU and someone bought it, but I don't fulfill my promise (scam in other words). What happen next (to me and to buyer)? My IOU value drop to zero?

But how a buyer can "buy" my IOU? with XTS? or with BitsharesME shares?


Your IOU should be backed by collateral. Put some Bitshares in escrow which track the value of each purchase. If the escrow isn't big enough then you shouldn't be able to issue IOU's to people who don't want to deal with anyone not backed by collateral.

You can do IOU without collateral but if you have collateral then even if you are a scam you don't get to keep our money, we get our money back at any time by redeeming the IOU for what is held in escrow.

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Offline phoenix

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Re: First post: Hello world,Hello ME
« Reply #11 on: March 17, 2014, 08:42:14 PM »
The big use for this that I see is selling stock in a company. This would make issuing stock much easier for smaller businesses, allowing them to generate capital through crypto-currencies with minimal difficulty
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Offline CWEvans

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Re: First post: Hello world,Hello ME
« Reply #12 on: March 17, 2014, 09:18:05 PM »
The big use for this that I see is selling stock in a company. This would make issuing stock much easier for smaller businesses, allowing them to generate capital through crypto-currencies with minimal difficulty

And, if not stock, then debt.  A zero-coupon bond is a promise to pay X units of currency on a given future date. The market determines the price, and the return is calculated from the other three variables.

Offline phoenix

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Re: First post: Hello world,Hello ME
« Reply #13 on: March 17, 2014, 09:24:08 PM »
The big use for this that I see is selling stock in a company. This would make issuing stock much easier for smaller businesses, allowing them to generate capital through crypto-currencies with minimal difficulty

And, if not stock, then debt.  A zero-coupon bond is a promise to pay X units of currency on a given future date. The market determines the price, and the return is calculated from the other three variables.

Crowd-funding is about to get a whole lot easier  8)
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Offline santaclause102

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Re: First post: Hello world,Hello ME
« Reply #14 on: March 17, 2014, 09:56:27 PM »
How expensive would it be to issue my IOU shares?
When my noodle stand company is worth 1 million USD and I issue 1 million NS-Shares each at 1 USD with BTS ME. How much would I roughly have to pay? What are the costs specifically?

 

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