Quote from: newmine on September 11, 2015, 02:16:46 pm

8-9 million dollars.

* Ander spent all his money in the last run up, so there really is nobody to push the price up. 

Are you an IDIOT?

Have you read the OP?

We already have a marketcap of 10,8M you stupid troll.

Other than that, congratulations, you are the first looser of this game. Have a nice day!

Quote from: newmine on September 10, 2015, 03:45:29 pm

Quote from: DataSecurityNode on September 10, 2015, 03:29:29 pm

Quote from: sudo on September 10, 2015, 02:54:13 pm

mining  user of bitUSD
is they worth  7 100% delegate?

Really? A FUDer makes stuff up and you are +5ing them?

How many mining pools has he run? zero
Does he want to see bitshares succeed? no
Is what he is saying based on facts? no

He is here to destroy bitshares not build it up.

The fact that he is putting this much effort into trying to detract people from supporting it is evidence in itself of it being a threat to his desire to see bitshares go under rather than go to the moon. This project will drive liquidity into the bitassets markets that are much needed.

I have provided all the information needed for people to make informed decisions based on facts several times over. I recommend referencing the links provided again if you haven't yet.

What was not a fact?

Here is fact that everyone would agree with; you don't deserve multiple delegates while the developers only get 1 each.

I didn't start this thread by the way. Oh, and I want Bitshares to succeed. I just want Bitshares from a year ago to succeed. I hold my few shares and hope with doubts that the current incarnation will be a success. You guys continue to put major hurdles in front of you. And by "you guys" I don't mean you. You have no impact in the success of Bitshares now or ever.

that was not said with the intention of making data feel good about himself.

Seriously though.  The intentional baiting in that post tells you all you need to know about newmine and his intentions.

While sometimes I agree with him, and sometimes he has good points, those points are always negative abd he never offers a solution for going forward. He is more interested in being proven right than in being right.  In short he is a troll.

To Newmines point, 4 of 5 of my ASIC's have died over the past months and I'm not buying any more. 

Why  minebitshares need 100% delegate???

No idea.

I do know that bitcointalk is going to go all out in calling it a scam and bitching about the distribution.  Boy are they gonna be all over that.

Quote from: Empirical1.2 on September 03, 2015, 12:13:32 am

It's a good interview.  I don't  think Identabit will scale well because the big doors will be locked, also on the technology side they will have nothing that can't be replicated and they don't have the super massive funding that's required to compete with the likes of Blythe Masters and such ('It's on the blockhain' - Bloomberg Magazines Cover story 2 days ago http://www.bloomberg.com/news/features/2015-09-01/blythe-masters-tells-banks-the-blockchain-changes-everything )

In his intro John  identifies how a key difference between crypto and current payment options is convenience and simplicity however I would argue the simplicity, convenience & payment integration of crypto is only starting to take shape. With 1 second vs. 30 minute confirmation times. Crypto-funded debit cards, payment apps & stable BitAssets only starting to be introduced. I think it is too early to make his judgement.

Also he makes some statements about Bitcoin use and demographics that I don't think are backed up by the facts.
The vast majority of Bitcoiners were young tech savvy Libertarian males not a small group of elites only using it for extremely illicit activity & as Bitcoin becomes more user friendly this demographic is naturally becoming less tech savvy and from a broader political spectrum attracted by the various now more accessible benefits Bitcoin provides.

25 Sept 2014 - http://www.bloomberg.com/news/articles/2014-09-25/bitcoin-economy-widens-as-parents-pay-digital-allowance

Quote

People worldwide have opened 41 million bitcoin accounts, according to the Bank of England. Global spending on goods and services has doubled in the past year.

Parents are dispensing allowances in bitcoins so their kids learn to be digital citizens.Consumers in emerging markets such as Brazil and Russia are starting to use bitcoin to hedge against currency volatility.

Three factors are attracting consumers to bitcoin. The currency is less volatile. New apps and digital wallets make using it easier. And mainstream companies -- more than 75,000, according to payment services Coinbase and BitPay -- accept the virtual currency

Even if you were to focus exclusively on crypto's black market use. The black market accounts for over 23% of global GDP and in countries such as Greece  it's pushing 25-30%. 

Quote

Bitcoin ATMs could spring up across Greece as soon as October as citizens and businesses become increasingly desperate to move their money despite capital controls.

http://www.cnbc.com/2015/08/19/greece-could-soon-get-1000-bitcoin-atms.html

That is a massive portion of the economy and population already operating outside the reach of traditional institutions. The reason crypto-currencies not owned by the big banks have the potential to be massively profitable & scalable is precisely because the traditional institutions are largely excluded from directly participating in it.

I also think it's possible to integrate social media accounts onto crypto blockchains for the less privacy concerned users and so still gain certain network effect benefits.. 

I think Bitcoin has struggled in price because of the high costs which he identified but also the volatility which means the massive increase in use of Bitcoin by consumers for traditional goods and services creates a net downward pressure on price because businesses operating on extremely tight margins have to exchange BTC revenue immediately for fiat. However despite it's volatility, Bitcoin is very popular fro currency hedging vs. rapidly depreciating currencies in South America as indicated in the article above . Also in places like Greece as a safe haven currency outside their failing banking system. 

However stable Smartcoins are much better suited to this and BitUSD is in many instances far more useful than fiat USD. So we haven't even scratched the surface of what's possible in these markets.

Also this is a global trend. Governments in many countries will be instigating strict capital controls to protect their currencies and their financial system.
(China just increased capital controls yesterday.) As a result I suspect, even with the Identity element most financial institutions would be not be allowed to interact with Identabit anyway. Or the Identabit gateways would have to enforce these restrictions too in which case Identabit would lose it's USP to the majority of the future mainstream market imo. (An inflation hedge and currency outside the over-leveraged banking system.)

So while I see a market for Identabit especially in remittances if they already have a partnership with a bank and can thus remove  a layer of transaction complexity. I think centralised blockchains started by big players will dominate. (Centralised blockchains will likely dominate his target market because it seems unlikely that people who didn't value the benefits of optional anonymity & financial freedom would then highly value the benefits/USP's of decentral vs. centralisation.) So I think that the really big future still lies with the traditional, anonymity optional crypto, but with much lower costs than Bitcoin and stable BitAssets.

Edit: On a side note the use of USD at black market rates in countries like Argentina, shows how an entire population, economy and businesses can get behind using a currency outside of institutions and regulatory compliance

I started with a detailed response but quickly realised this was an argument driven by emotion and hope. We wish you well.