When I saw the 400k refund worker my heart froze... I've been following this project for the last 3 months and all I want to wish is cancer to
@bitcrab ... I have come to the conclusion that he, tonyk and many others just want to harm bitshares and profit from that.
The gap between the cultures is huge. I can see it from chinese people that visit or live in European countries. They are simply unable to integrate.
The people of Bitshares have to take action now. I see no other solution than the people who follow the project and who support dilution to sell their shares and fork Bitshares.
Bitcrab was talking earlier about the salary being to high. WHO THE FUCK IS GOING TO PAY THE DEV WHEN THE PRICE GOES DOWN? ISN'T THE DEV THE REASON THAT THE PRICE WENT UP? WHY SHOULD WE PAY THE DEV IN $ AND NOT BTS? ISN'T THE GOAL TO GET RID OF THE OLD CURRENCIES?
At least in Dash, the core team is being paid steadily in Dash regardless of the price. And their price is going up. They have problems as to who they are going to vote as well, but nobody complains, EVER! FUCKING EVER! about the increadibly high dilution they have on their chain. They are even talking about adding more dilution because of the awesome projects they are funding. They'll even create the option for monthly contracts and we can't even dilute by 6%/y
BTW there is no point in arguing about Yunbi. It is an exchange. Real investors should know that you never keep your money in an exchange. For Bitshares especially, where your Bitshares can be deposited in the exchange in 1-2 minutes. Speculators have no right to have an opinion, in my opinion.
I thought of things a lot before coming home and I have to clarify a few things. I was quite upset and now that I got back I am even more upset with what I've read. I thought of telling @abit to stop any developement right now. This is getting ridiculous. There is no point for him to develop anything, as I don't think that will ever get paid for any current or future work. The same goes for the developer of cryptofresh (sorry I don't know the username). People really rely on people like abit to see their investments grow, without paying a penny for the development. As Max Keiser says, I'll call you Jihadists. You are J I H A D I S T S. You want to see the project die just to make sure you don't lose money short term. You don't even lose money by the way. You are just useless speculators. If you can't stomach it, do what @Empirical1.2 is doing. Hold no shares. Please give us all your shares so that we can see this project grow.
By the way, there is a new project called Lisk that will use DPOS and Ethereums blockchain. Let's see what we'll do without development against them. I already joined their ICO and in the first day they raised more than 700BTC and they started a day ago. They can take everything that has been built on Bitshares and make it even better - in the way they want and with more funds.
Please understand what the network effect is. Everyone is talking about it. I bet BM is sick of mentioning it all the time just because some people don't get it. We need people to come in. The buy pressure from people coming in because of the liquidity or the interest will be way higher than what we'll pay.
@tonyk Look at NXT! Look at it man. They have no inflation. 0!!! FUCKING 0. Look at their asset exchange. Illiquid. They are losing people, even if they have a fairly good currency and their assets are worth a lot more than the ones on Bitshares. Look at Bitcoin! The miners control everything and the coin is losing its value. But they profit more by the fact that its value falls! Less miners joining and they keep their costs low, sacrifising Bitcoin's health. Do you even get what abit is developing? 0 fees. ZERO. Micropayments will be available for people. Isn't that something worth paying for? I guess not. Useless. @abit please stop developing. You are an idiot abit. Or please do it for free. Free. I like getting but not giving. I <3 capitalism.
Whoever said that we are a lot better than are competitors just made me laugh a lot. No we are not. Dash is currently available to fund straight away ~32K$ a month, to anyone that gets voted. Not by a few delegates, but by 3500. I used to think that we are better, but after I realised how the big holders of Bitshares don't understand the concept of sacrifise. My advice is to play some online videogame in a team or even better some chess. It will open your eyes.
PS that thing with the selling volume was a bit off. Even when the price went down to ~400satoshi's which was 50% drop, it came back to ~700 which was less than a 10% loss. Also when you refer to people selling all the shares, think just of two things. Do bitcoin miners sell all their coins? No. At least not all of them. If you get 100shares, can you sell more than 100? If you have some money aside though or if you have low costs, you can save 10shares. There is no way to sell more shares than you earn, but you can keep some. Simple.
Edit
I forgot to mention that I've lost a lot of value as I purchased when we were around the 2000 sats and sold half of them for 25% less. One of the reasons that I stayed, was the promise of the 77k$ development funds. I thought that could easily destroy any competitor long term. I was wrong, as I was very wrong not to read the forum about many of the false promises on the main website.
As about dash, 13% inflation and they have 3 times bigger market cap. But we are doing everything perfectly, they are shit.