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Offline Simeon II

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Back to observer, not a poster
« on: July 25, 2014, 05:32:28 AM »

I know this will be buried deep under a ton of post before morning, but I will write it anyway.

I was inspired to write this, before turning back to mainly observer (instead of active poster), by those 2 posts:
https://bitsharestalk.org/index.php?topic=5982.msg80316#msg80316
https://bitsharestalk.org/index.php?topic=5982.msg80789#msg80789

Firstly, I completed my sale transaction of BTSX by giving the buyer a discount on the negotiated price in exchange for him paying the deference between the negotiated price and the current price of 0.0000160, instead of actual delivery. In other words we turn it from a sale into a bet.

What this means for everybody: (everybody is winning, I hope)
-For me , I get my gains and do not have to import my wallets and then transfer the amounts using software that is still pretty unstable. Additionally I do not have to go to the exchange and buy significant amounts of BTSX. You are right donkeypong , buying such amounts at this point in time will most likely move the price of BTSX up, at least temporarily.
-The other party gets a discount compared to going through with the transaction, as initially negotiated.
-All of you, especially the one that still vote –‘I am buying’ - The ‘whale’ did not move the price up for you. Feel free to go and buy at those low prices!


Which leads to another one of my reason to post this.
You all are brave and believe in BTSX. My 2c are that the current price offers a great level to get in or add to your position.
But be advised, if you do not go and do not actually buy some BTSX, we will probably see my initial expectation come true. And they were 8-15 Mil market cap.

Do what is best for you of course, but understand that the current demand is kind of pathetic!

S II

Offline puppies

Re: Back to observer, not a poster
« Reply #1 on: July 25, 2014, 06:28:33 AM »
Take care Simeon. 
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Offline tonyk

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Re: Back to observer, not a poster
« Reply #2 on: July 25, 2014, 07:08:35 AM »

I am nothing, if not follower of your ideas.

The philanthropic advice you offer

For not much, but ridicule

Will forever bewilder me.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline fuzzy

Re: Back to observer, not a poster
« Reply #3 on: July 25, 2014, 06:38:27 PM »
Simeon, ive always enjoyed reading your posts.  Please do not allow people who disagree with in some way you to keep you from posting.  If it must be that way, then let it be so, but please reconsider.  We all have important roles to play
WhaleShares==DKP; BitShares is our Community! 
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Offline Empirical1

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Re: Back to observer, not a poster
« Reply #4 on: July 27, 2014, 04:58:48 PM »
Which leads to another one of my reason to post this.
You all are brave and believe in BTSX. My 2c are that the current price offers a great level to get in or add to your position.
But be advised, if you do not go and do not actually buy some BTSX, we will probably see my initial expectation come true. And they were 8-15 Mil market cap.

Do what is best for you of course, but understand that the current demand is kind of pathetic!

S II

I concede you are the winner here, I would never have believed it! (Got an order filled at 0.000013 yesterday.)

merockstar

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Re: Back to observer, not a poster
« Reply #5 on: July 27, 2014, 07:52:56 PM »
I've appreciated your insights. Just been silent about it.

Offline bitmeat

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Re: Back to observer, not a poster
« Reply #6 on: July 27, 2014, 11:07:29 PM »
Respect! Can't wait for 0.00001250 and 0.00000955 to load up a bit more. Highly doubt it will get any cheaper than 0.000008, but you never know with markets.

Offline Simeon II

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Re: Back to observer, not a poster
« Reply #7 on: July 28, 2014, 01:36:42 AM »
I logged in to post.
And I will promise you to do so in the future!  ONLY if/when need arises, though!

1st I do appreciate the support you show above, bit it is totally, unnecessary! Again, highly appreciated and totally unnecessary.
2nd  BM did post a pretty important thread/post today. Unfortunately it was turned in completely deferent direction due to a post by of one of the ‘blue balloons full of themselves’ personalities here.

3rd My post is mainly regarding said topic in 2 – I know BM is as smart, as he is hard headed. (A86 is the only one, I know of, able to deliver his ideas to BM real fast). As I do not have this ability I will just say what needs to be done… and I do not know…. in a week or a month, BM will wake up and will be sure his sleep gave him that vision. And that's is all I am hoping to achieve with this post.

Caps on price movement are necessary weather delegates provide feeds or not!
Caps as in – ‘per block’, ‘per hour’, ‘per day’- restrictions on price movement. Hitting such caps should result in not trades being made above those cups (meaning halting trade for period of time up to a day)



S II
« Last Edit: July 28, 2014, 01:47:55 AM by Simeon II »

Offline bytemaster

Re: Back to observer, not a poster
« Reply #8 on: July 28, 2014, 03:16:54 PM »
I logged in to post.
And I will promise you to do so in the future!  ONLY if/when need arises, though!

1st I do appreciate the support you show above, bit it is totally, unnecessary! Again, highly appreciated and totally unnecessary.
2nd  BM did post a pretty important thread/post today. Unfortunately it was turned in completely deferent direction due to a post by of one of the ‘blue balloons full of themselves’ personalities here.

3rd My post is mainly regarding said topic in 2 – I know BM is as smart, as he is hard headed. (A86 is the only one, I know of, able to deliver his ideas to BM real fast). As I do not have this ability I will just say what needs to be done… and I do not know…. in a week or a month, BM will wake up and will be sure his sleep gave him that vision. And that's is all I am hoping to achieve with this post.

Caps on price movement are necessary weather delegates provide feeds or not!
Caps as in – ‘per block’, ‘per hour’, ‘per day’- restrictions on price movement. Hitting such caps should result in not trades being made above those cups (meaning halting trade for period of time up to a day)

S II

I agree and have already implemented that feature.   I maintain a 24 hour moving average and don't allow any trades to execute at more than 50% above or 33% below those prices.   

I really hope I am not *that* hard headed :)    Agent86 is also smart and hard-headed.  It makes for good discussion and I am grateful for all of the smart and hard-headed people out there. 

It is really amazing the difference in the quality of discourse going on in these forums compared to some of the others I have visited. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline jae208

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Re: Back to observer, not a poster
« Reply #9 on: July 28, 2014, 10:38:02 PM »
I logged in to post.
And I will promise you to do so in the future!  ONLY if/when need arises, though!

1st I do appreciate the support you show above, bit it is totally, unnecessary! Again, highly appreciated and totally unnecessary.
2nd  BM did post a pretty important thread/post today. Unfortunately it was turned in completely deferent direction due to a post by of one of the ‘blue balloons full of themselves’ personalities here.

3rd My post is mainly regarding said topic in 2 – I know BM is as smart, as he is hard headed. (A86 is the only one, I know of, able to deliver his ideas to BM real fast). As I do not have this ability I will just say what needs to be done… and I do not know…. in a week or a month, BM will wake up and will be sure his sleep gave him that vision. And that's is all I am hoping to achieve with this post.

Caps on price movement are necessary weather delegates provide feeds or not!
Caps as in – ‘per block’, ‘per hour’, ‘per day’- restrictions on price movement. Hitting such caps should result in not trades being made above those cups (meaning halting trade for period of time up to a day)

S II

I agree and have already implemented that feature.   I maintain a 24 hour moving average and don't allow any trades to execute at more than 50% above or 33% below those prices.   

I really hope I am not *that* hard headed :)    Agent86 is also smart and hard-headed.  It makes for good discussion and I am grateful for all of the smart and hard-headed people out there. 

It is really amazing the difference in the quality of discourse going on in these forums compared to some of the others I have visited.


That's because you ARE agent! Lol
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Offline bytemaster

Re: Back to observer, not a poster
« Reply #10 on: July 28, 2014, 10:40:21 PM »
I logged in to post.
And I will promise you to do so in the future!  ONLY if/when need arises, though!

1st I do appreciate the support you show above, bit it is totally, unnecessary! Again, highly appreciated and totally unnecessary.
2nd  BM did post a pretty important thread/post today. Unfortunately it was turned in completely deferent direction due to a post by of one of the ‘blue balloons full of themselves’ personalities here.

3rd My post is mainly regarding said topic in 2 – I know BM is as smart, as he is hard headed. (A86 is the only one, I know of, able to deliver his ideas to BM real fast). As I do not have this ability I will just say what needs to be done… and I do not know…. in a week or a month, BM will wake up and will be sure his sleep gave him that vision. And that's is all I am hoping to achieve with this post.

Caps on price movement are necessary weather delegates provide feeds or not!
Caps as in – ‘per block’, ‘per hour’, ‘per day’- restrictions on price movement. Hitting such caps should result in not trades being made above those cups (meaning halting trade for period of time up to a day)

S II

I agree and have already implemented that feature.   I maintain a 24 hour moving average and don't allow any trades to execute at more than 50% above or 33% below those prices.   

I really hope I am not *that* hard headed :)    Agent86 is also smart and hard-headed.  It makes for good discussion and I am grateful for all of the smart and hard-headed people out there. 

It is really amazing the difference in the quality of discourse going on in these forums compared to some of the others I have visited.


That's because you ARE agent! Lol

Chicago pic proves I am not :)
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline jae208

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Re: Back to observer, not a poster
« Reply #11 on: July 28, 2014, 10:42:01 PM »
I know this will be buried deep under a ton of post before morning, but I will write it anyway.

I was inspired to write this, before turning back to mainly observer (instead of active poster), by those 2 posts:
https://bitsharestalk.org/index.php?topic=5982.msg80316#msg80316
https://bitsharestalk.org/index.php?topic=5982.msg80789#msg80789

Firstly, I completed my sale transaction of BTSX by giving the buyer a discount on the negotiated price in exchange for him paying the deference between the negotiated price and the current price of 0.0000160, instead of actual delivery. In other words we turn it from a sale into a bet.

What this means for everybody: (everybody is winning, I hope)
-For me , I get my gains and do not have to import my wallets and then transfer the amounts using software that is still pretty unstable. Additionally I do not have to go to the exchange and buy significant amounts of BTSX. You are right donkeypong , buying such amounts at this point in time will most likely move the price of BTSX up, at least temporarily.
-The other party gets a discount compared to going through with the transaction, as initially negotiated.
-All of you, especially the one that still vote –‘I am buying’ - The ‘whale’ did not move the price up for you. Feel free to go and buy at those low prices!


Which leads to another one of my reason to post this.
You all are brave and believe in BTSX. My 2c are that the current price offers a great level to get in or add to your position.
But be advised, if you do not go and do not actually buy some BTSX, we will probably see my initial expectation come true. And they were 8-15 Mil market cap.

Do what is best for you of course, but understand that the current demand is kind of pathetic!

S II


Maybe if I3 burns their holding of BitsharesX that they got from the donated funds BitsharesX would be worth at $20 million.

Anyone else agree that they should burn their BTSX?
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Offline bitmeat

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Back to observer, not a poster
« Reply #12 on: July 28, 2014, 10:49:14 PM »
Or hire people to grow the ecosystem. I'll take BTSX

Offline bytemaster

Re: Back to observer, not a poster
« Reply #13 on: July 28, 2014, 10:50:12 PM »

Maybe if I3 burns their holding of BitsharesX that they got from the donated funds BitsharesX would be worth at $20 million.

Anyone else agree that they should burn their BTSX?

Why don't you burn yours?

Those funds are our marketing budget and will pay to keep things going... if we burned it we would have no stake in the system and should go create a new DAC where people appreciate what we do.

Also if we burned our stake the network would be totally insecure right now.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline biophil

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Re: Back to observer, not a poster
« Reply #14 on: July 28, 2014, 11:36:40 PM »
I know this will be buried deep under a ton of post before morning, but I will write it anyway.

I was inspired to write this, before turning back to mainly observer (instead of active poster), by those 2 posts:
https://bitsharestalk.org/index.php?topic=5982.msg80316#msg80316
https://bitsharestalk.org/index.php?topic=5982.msg80789#msg80789

Firstly, I completed my sale transaction of BTSX by giving the buyer a discount on the negotiated price in exchange for him paying the deference between the negotiated price and the current price of 0.0000160, instead of actual delivery. In other words we turn it from a sale into a bet.

What this means for everybody: (everybody is winning, I hope)
-For me , I get my gains and do not have to import my wallets and then transfer the amounts using software that is still pretty unstable. Additionally I do not have to go to the exchange and buy significant amounts of BTSX. You are right donkeypong , buying such amounts at this point in time will most likely move the price of BTSX up, at least temporarily.
-The other party gets a discount compared to going through with the transaction, as initially negotiated.
-All of you, especially the one that still vote –‘I am buying’ - The ‘whale’ did not move the price up for you. Feel free to go and buy at those low prices!


Which leads to another one of my reason to post this.
You all are brave and believe in BTSX. My 2c are that the current price offers a great level to get in or add to your position.
But be advised, if you do not go and do not actually buy some BTSX, we will probably see my initial expectation come true. And they were 8-15 Mil market cap.

Do what is best for you of course, but understand that the current demand is kind of pathetic!

S II


Maybe if I3 burns their holding of BitsharesX that they got from the donated funds BitsharesX would be worth at $20 million.

Anyone else agree that they should burn their BTSX?

Wow... you're joking, right? Why would we have donated to AGS if we wanted them to burn our money?

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