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Having a bit of trouble this morning. I didn't receive my withdrawal. I'll update when bter has it cleared up.
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 not include marketdephs as a parameter?
for example
we could bind the max contract size to the marketdephs at that moment starting with a minimum contract size.
like only 1000 BitUSD are sold and bought in the past, the max order size per account could only be X BitUSD. So for one account here is not a problem anymore.
I am aware that this idea could not prefent fraud from more than 1 account but this kind of problem you will have all the time.
Any attacker with significant capital could harm the network with anything other than price feeds or a large player acting as market maker. Price feeds give us "low-cost" protection against attacks that likely prevents the attacks from happening in the first place and leaving us with a market-pegged asset.
You guys don't get itDaniel simplifies to say mining = burning money but does not recognize that it is not percieved as such. If you could achieve same-mining-power-per-person at no percieved additional cost to the person, you give them a way to become a part of it (a stakeholder) without requiring them to go through the same mental calculus as whether they need to decide to buy or even worse, invest in something.
I made this argument loudly in december and january when this was re-allocated from 10% to PTS holders to 50% to PTS holders and 50% to AGS holders, leaving none remaining for those interested and available with time but not able to devote money up front to becoming part of it.
But yeah you should totally call people POW fanboys lol, that's what's going on here.
The reason sharedrops that "simulate mining" work is because all of the early adopters etc are miners. Most of the die-hard types sitting on forums have at least dabbled in mining and believe it to be "fair". There is nothing special about mining that sells a distribution except the existing adopters have mentally bought in.
They've put their capital into mining equipment so now they're a middle man selling hashes and taking the profits and paying the electricity providers. This is not much different from paying for shares directly, people just need to have it explained to them.
Mining is also labor intensive so it keeps large capital from showing up and just buying in. This is probably the one biggest thing people need to avoid in the longrun, the perception that the guy with the most money at the start ends with the most money. Lots will disagree with it, but this is probably the biggest perception at play when people don't like POS. An "unfair" distribution. Mining is only marginally more fair because it requires labor to set it up.
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 just realized why Andreas used such a long-winded and loaded question trying to confirm whether Bitshares would be for traditional businesses looking for better transaction ledgers.
"BitShares does for business what Bitcoin did for money" ---- This was the first thing Andreas saw when he researched BitShares prior to the interview! It lead him down a completely incorrect rabbit hole of thinking. No wonder he didn't have any follow up comments to that question -- He had been completely mislead by our slogan into thinking the USP of our technology would be for traditional businesses rather than the masses. If we had had a clear slogan on the website that actually explained our USP, Andreas would have participated 10x more in the discussion because he would have been correctly prepared rather than thrown off-guard . I can only imagine how many people the current slogan has deceived.
We need a better slogan -- Now!
Edit: Brian, get on this. and not to be a dick, but get on it now! Be reminded of this -- discussions about correcting the slogan have have gone on for months and even you have conceded that ithe slogan needs to be changed. As DOM it is your duty to make this right. Please respond to this with confirmation as to whether you will or will not change the slogan.
Isn't Andreas another POW fanboy ? Bitshares has been around for quite some time, I don't think he got much from the slogan.
edit - And with this post, I become "Hero Member".
Congratulations on hero status Idea is great .. lets gice the devs some 4 weeks to fix more bugs before attempting this game .. IMHO
Also this is likely to result in a lot of "pending" transactions that will not validate when two people attempt to register the same name at the same time. I am not sure we have all the kinks worked out on cleaning up the user experience when this happens.
Lets do 1000 BTSX per question, for a total of 10000 BTSX.
We'll use 8000 BTSX from the PTS community fund, approximately 15 PTS.. and i'll chip in 1000 with your 1000.
not sure if this is allowed on bitcointalk though, investigate first (:
