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Offline bitmeat

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Exchanges?
« on: October 03, 2014, 01:42:05 PM »

Let's have people post here as soon as exchanges enable DNS for trading here. I thought they'd do an IOU as they did with BTSX.

By the way what would the symbol be? Is this under Bitshares brand? BTSD? BDNS?

Just DNS?

Offline cube

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Re: Exchanges?
« Reply #1 on: October 03, 2014, 01:45:28 PM »
Let's have people post here as soon as exchanges enable DNS for trading here. I thought they'd do an IOU as they did with BTSX.

By the way what would the symbol be? Is this under Bitshares brand? BTSD? BDNS?

Just DNS?

How about trading within bitshare wallet?  btsx <--> DNS   ;D
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Offline bitmeat

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Re: Exchanges?
« Reply #2 on: October 03, 2014, 01:50:11 PM »
Given that it's a separate executable, I don'think that's possible at the moment.

Offline Riverhead

Re: Exchanges?
« Reply #3 on: October 03, 2014, 02:25:34 PM »
Given that it's a separate executable, I don'think that's possible at the moment.


We'd need bitDNS however until it is listed on an exchange there is no peg.

Offline robrigo

Re: Exchanges?
« Reply #4 on: October 04, 2014, 01:15:45 PM »
bter.com has DNS shares available now.

Offline bitmeat

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Re: Exchanges?
« Reply #5 on: October 04, 2014, 02:26:59 PM »
bter.com has DNS shares available now.

Fantastic! Thanks for letting us know! :) Now BTC38 needs to follow suit.

In theory selling for anything less that 200 satoshis is losing (someone calculated the difference before/after snapshot)

Offline serejandmyself

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Re: Exchanges?
« Reply #6 on: October 04, 2014, 02:30:12 PM »
200 satoshi is a redicolous price, the price is at least 1800 - 2200 satoshi
btsx - bitsharesrussia

Offline Riverhead

Re: Exchanges?
« Reply #7 on: October 04, 2014, 02:55:06 PM »
The price now is absurd. I think I am going to pick up another few hundred thousand.

Offline bitmeat

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Re: Exchanges?
« Reply #8 on: October 04, 2014, 03:06:48 PM »
Why do you think the price is absurd? Was Bitcoin's price at $0.0001 absurd at the time?

Remember, the Market is always right! :) Those who wish to use DNS already have enough to use it. Those that don't will sell it any price.

Offline pariah99

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Re: Exchanges?
« Reply #9 on: October 04, 2014, 03:13:06 PM »
The market is not always right unless you specify the parameters/context :/ Currently, nobody knows that (bit)DNS exists yet, except stakeholders; hence, the market only has sell orders on it.

Once the marketing engine gets rolling, you'll probably start to see pricing that makes more sense in context of what value the KeyID service offers.
« Last Edit: October 04, 2014, 03:14:49 PM by pariah99 »

Offline feedthemcake

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Re: Exchanges?
« Reply #10 on: October 04, 2014, 03:14:23 PM »
so...buy. 8) 8)

Offline bitmeat

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Re: Exchanges?
« Reply #11 on: October 04, 2014, 03:14:49 PM »
You may disagree with the Market. But the Market is ALWAYS right. The Market can also be very irrational, but ultimately if you buy/sell something at a price you think is "wrong" and then it stays that way for a few years, were you right or were you wrong?

Offline pariah99

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Re: Exchanges?
« Reply #12 on: October 04, 2014, 03:25:10 PM »
Having only a few buyers is the demand-side equivalent of having a monopoly or an oligopoly because buyers have zero to little competition, so I would argue the current situation is a (temporary and naescent) market failure.  I guess it depends on what you mean by "right"; that's an abstract question, similar to discussing what defines a rational agent.

Suffice it to say, I think that the price will go up provided that people are made aware of the existence of keyID/DNS.
« Last Edit: October 04, 2014, 03:30:58 PM by pariah99 »

Offline bitmeat

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Re: Exchanges?
« Reply #13 on: October 04, 2014, 04:16:20 PM »
I'm just making sure we distinguish between right and efficient.

The Market will almost always have inefficiencies. That doesn't mean that if you are buying below what the price should be, you will be able to turn a profit. You could have the foresight and proper analysis about something, yet you are not guaranteed to profit from it.

With respect to DNS I actually think the current price is right. There is no demand, because it will take a long time before DNS gets integrated. You don't just need yet another block chain. You need tools, browser plugins, awareness, examples, documentation, etc/etc/etc.

So yes, even though I'm interested in the technology, I'm not really interested in using DNS at the moment.

The notion of distributing to AGS/PTS holders guarantees over-supply at the beginning. But until true value is created all these DACs are virtually worthless penny stocks.

The prices we are seeing are just based on "future potential", not current usability. It is a very speculative valuation, but it goes without saying with high risk/high reward vehicles.

Here is an example - Market cap of BTSX is $60M, even though only 300K BitUSD has been created. So technology is there, but there just isn't enough demand yet. Can you imagine a real bank on Wallstreet that goes for IPO with $300K in user accounts and gets $60M market cap? :)

Offline Riverhead

Re: Exchanges?
« Reply #14 on: October 04, 2014, 04:30:00 PM »
Actually I disagree. The market accurately reflects what people currently think it's worth but the market in this case I feel is greatly misinformed :-). In my regular portfolio I try to buy the people as much as the revenue model and Toast/i3 have proved themselves quite capable.

I could be wrong of course but I'm putting my money on the market being shortsighted.

 

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