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Where: http://www.reddit.com/r/bitcoinmarkets/When: 12pm UTC -05:00We will be answering questions, I will be giving out BTSX and helping users get accounts registered.
Quote from: MeTHoDx on September 08, 2014, 03:08:37 PMWhere: http://www.reddit.com/r/bitcoinmarkets/When: 12pm UTC -05:00We will be answering questions, I will be giving out BTSX and helping users get accounts registered.\Is this a webinar, or just a forum?
Awesome! Good luck, they're a bit ferocious at times.
Quote from: feedthemcake on September 08, 2014, 03:13:57 PMAwesome! Good luck, they're a bit ferocious at times.Agreed. Will need thick skin and to channel your inner Bytemaster to avoid flame wars. Also make sure to brush up your Wiki reading about Ponzi. It's going to get suggested a lot and best we know how to address it correctly.
Ah .. by the way .. we can also use the mumble to coordinate the AMA .. IMHOhttp://beyondbitcoinx.net/mumble/
Anyone have a brief introduction to the basics of BitShares X? I don't want to only link to the wiki; I'd like to give a paragraph overview and then link to the wiki.
BitShares X is a family of DACs that implement the business model of a bank and exchange. These distributed autonomous credit unions could rival the value of the largest banks in the world such as JP Morgan and Bank of America in just a few years. BitShares X offers a bank account where funds can be transferred in seconds anywhere in the world with more privacy and security than a Swiss bank account. Your account can never be frozen, your funds cannot be seized, and the bank can never face collapse due to loan defaults or fraud. All of this is made possible without requiring any employees, lawyers, regulatory compliance, vaults, buildings, and other infrastructure required by traditional banks. Unlike existing banks, you can hold your balance denominated in gold, silver, oil, or other commodities in addition to national currencies.In addition to acting as a bank, BitShares X also serves as an exchange where currencies, commodities, and stock derivatives can be traded with most of the features used by professional traders including shorts and options. The bank takes a cut on every transaction and pays these transaction fees to the delegates and then shareholders by way of the Burn Rate. BitShares X can achieve this feat using the same technology that makes Bitcoin possible - irrevocable decentralized automated consensus forming. The market capitalization of shares in this new bank will exceed two times the value of all balances in gold, silver, oil, and currency accounts. This requirement allows for 200% reserve collateralizing the value of all deposits in the bank.
Why on bitcoinmarkets and not cryptomarkets/cryptocurrency?
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