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Quote from: Simeon II on July 30, 2014, 05:41:16 amI do not... but I am being proven wrong by the minute... there are buyer(s) on both bter and btc38...“It is my ambition to say in ten sentences what others say in a whole book.” ― Friedrich NietzscheDid you see this post? The last line especially could be relevant -Quote from: bytemaster on July 29, 2014, 09:53:42 pmWe are working with some of the best marketing gurus in the industry and are planning the assault. This is the primary focus of our trip to st marten. All I know is some people with serious money are about to buy into btsx and market the hell out of it. Sent from my iPhone using Tapatalkhttps://bitsharestalk.org/index.php?topic=6380.msg84969#msg84969
I do not... but I am being proven wrong by the minute... there are buyer(s) on both bter and btc38...“It is my ambition to say in ten sentences what others say in a whole book.” ― Friedrich Nietzsche
We are working with some of the best marketing gurus in the industry and are planning the assault. This is the primary focus of our trip to st marten. All I know is some people with serious money are about to buy into btsx and market the hell out of it. Sent from my iPhone using Tapatalk
Quote from: happypatty on July 30, 2014, 08:16:16 amSo at least I kept a solid core position.If the bold is not true, I think you are missing the train, by the minute... I myself could not buy enough in the 125-133 range...
So at least I kept a solid core position.
Wow, train is taking off? I'm a bit nervous... this is too good to be true... I got out at 0.000015-0.000018, got in as low as 0.00001252. Yes I can't believe I captured the absolute low at 1252... go figure.My biggest worry is I will get out with large portion and miss on the big move up - i.e. being dollar foolish, penny wise.So at least I kept a solid core position.
- When I say something, and when BM says exactly the same thing -they sound different. So, all posters in this thread, feel free to ask BM directly, as in ‘How he sees it working’.
Quote from: Simeon II on July 30, 2014, 05:48:53 amQuote from: fuznuts on July 30, 2014, 05:44:52 amI don't see it going that low unless it is done by concerted effort of a bunch of whales who want to buy cheap. Some posts this week were pretty discouraging, btw. As in the new tech 'DPOS' needing mining in a push up move...??!!!???wait what? are you talking about the mining pool that auto-converts to btsx, or did somebody suggest that (somehow) mining should be implemented in dpos?
Quote from: fuznuts on July 30, 2014, 05:44:52 amI don't see it going that low unless it is done by concerted effort of a bunch of whales who want to buy cheap. Some posts this week were pretty discouraging, btw. As in the new tech 'DPOS' needing mining in a push up move...??!!!???
I don't see it going that low unless it is done by concerted effort of a bunch of whales who want to buy cheap.
Quote from: Simeon II on July 30, 2014, 05:45:33 amQuote from: merockstar on July 30, 2014, 05:43:12 amQuote from: Simeon II on July 30, 2014, 05:41:16 amI do not... but I am being proven wrong by the minute... there are buyer(s) on both bter and btc38...you're referencing your prediction of a correction down to like 8 million in a different thread, right?Yes...And do not say traders do not read forums... there were, pretty hard kickers on this forum today....your numbers might have been wrong, but there was a correction.i agreed with your logic, just didn't have the balls to sell.and you still might be right, this spike we're seeing could very easily be manipulation.
Quote from: merockstar on July 30, 2014, 05:43:12 amQuote from: Simeon II on July 30, 2014, 05:41:16 amI do not... but I am being proven wrong by the minute... there are buyer(s) on both bter and btc38...you're referencing your prediction of a correction down to like 8 million in a different thread, right?Yes...And do not say traders do not read forums... there were, pretty hard kickers on this forum today....
Quote from: Simeon II on July 30, 2014, 05:41:16 amI do not... but I am being proven wrong by the minute... there are buyer(s) on both bter and btc38...you're referencing your prediction of a correction down to like 8 million in a different thread, right?
I do not... but I am being proven wrong by the minute... there are buyer(s) on both bter and btc38...
Quote from: Simeon II on July 30, 2014, 05:12:55 amLet me end up with this.“The higher we soar the smaller we appear to those who cannot fly.” ― Friedrich Nietzsche, Thus Spoke Zarathustra “Every deep thinker is more afraid of being understood than of being misunderstood.” ― Friedrich Nietzsche What do you think BM?I'm not so sure about these ones. I think everyone has wings. Some are just afraid to use them.
Let me end up with this.“The higher we soar the smaller we appear to those who cannot fly.” ― Friedrich Nietzsche, Thus Spoke Zarathustra “Every deep thinker is more afraid of being understood than of being misunderstood.” ― Friedrich Nietzsche What do you think BM?
Quote from: merockstar on July 30, 2014, 05:28:49 amI'm not so sure about these ones. I think everyone has wings. Some are just afraid to use them.and to think he came up with so many of those quotes when mentally debilitated by syphilis...
I'm not so sure about these ones. I think everyone has wings. Some are just afraid to use them.
“I cannot believe in a God who wants to be praised all the time.” ― Friedrich Nietzsche “Is man merely a mistake of God's? Or God merely a mistake of man?” ― Friedrich Nietzsche “There are two different types of people in the world, those who want to know, and those who want to believe.” ― Friedrich Nietzsche“After coming into contact with a religious man I always feel I must wash my hands.” ― Friedrich Nietzsche
Actually, while I was smoking you managed to post (twice).I am not agnostic. I am actually full blown atheist.I will send you the best links I got to them.... The goddesses that is.... Victoria's secret goddesses...
God is definitely a he, no woman would have a place this messy!
Yeeh me too. Gives me the freedom to talk about HER.Among other benefits.
Quote from: merockstar on July 30, 2014, 04:15:34 amQuote from: Simeon II on July 30, 2014, 04:12:10 amThe GOD is she, btw.Do extraterrestrials have gender?I was not taking about extraterrestrials. I do not know them... have never met one. She, 'G' , is from around here,not terrestrial per se, bot pretty human.
Quote from: Simeon II on July 30, 2014, 04:12:10 amThe GOD is she, btw.Do extraterrestrials have gender?
The GOD is she, btw.
Actually you did understand it! And that for what 3-5 days. Most people don't EVER get the concept. + You know a lot of other staff that most people (including me) will never learn.You are one of my heroes.
Quote from: Simeon II on July 30, 2014, 03:44:19 amQuote from: merockstar on July 30, 2014, 03:34:48 ami'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?Not many, I think... He grasped, it pretty fast...indeed. I struggled with that shit. she (I assume you mean patty) must have experience in financial markets.
Quote from: merockstar on July 30, 2014, 03:34:48 ami'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?Not many, I think... He grasped, it pretty fast...
i'm back btw. ok gotcha simeon I misunderstood, what questions were needing answered?
Quote from: Simeon II on July 30, 2014, 03:12:33 am.My concern is the possibility of a too strong of a bitUSD demand... if bitUSD demand is overwhelming it will drive the price up, but people will see that, and knowing the bitUSD is supposed to be near the price of a dollar, they will be like "OH SHIT! I profit if I sell now!"
.My concern is the possibility of a too strong of a bitUSD demand...
Grab the popcorn, it will be quite the show to watch while the beast evolves.
Quote from: bitbro on July 30, 2014, 03:26:56 amQuote from: Simeon II on July 30, 2014, 03:25:37 amQuote from: bitbro on July 30, 2014, 03:22:31 amSimeon II, aka Satoshiaka BM aka Agent86 aka bitbroMwahhahaAka AsymmetricInformationaka Hopkinson (my spelling might be wrong as usual) aka NSA
Quote from: Simeon II on July 30, 2014, 03:25:37 amQuote from: bitbro on July 30, 2014, 03:22:31 amSimeon II, aka Satoshiaka BM aka Agent86 aka bitbroMwahhahaAka AsymmetricInformation
Quote from: bitbro on July 30, 2014, 03:22:31 amSimeon II, aka Satoshiaka BM aka Agent86 aka bitbro
Simeon II, aka Satoshi
Quote from: merockstar on July 30, 2014, 02:46:11 amthe collateral is held by the network, if the person who did the shorting doesn't buy some from an exchange (centralized or not) and close their position, it gets destroyed when the margin gets reached. the person who went long bitUSD can do anything they want with it.I see where I got confused. I thought it required collateral on both ends. Wow this is going to make it a quite a wild ride then, as there will be plenty of market inefficiencies in a constant battle between speculators, and those who need to convert one way or the other.Grab the popcorn, it will be quite the show to watch while the beast evolves.
the collateral is held by the network, if the person who did the shorting doesn't buy some from an exchange (centralized or not) and close their position, it gets destroyed when the margin gets reached. the person who went long bitUSD can do anything they want with it.
Quote from: Simeon II on July 30, 2014, 02:48:37 amQuote from: happypatty on July 30, 2014, 02:40:22 am@Simeon: Perhaps I am misinformed. Let's start with the simple question - Can a user transfer BitUSD to another user who has 0 BTSX in their account?Or does the receiving user need to maintain BTSX for collateral?Absolutly! ( If he has bitUSD in his account of course)btw merockstar can answer 95 % of those question for me...sorry, didn't mean to step on your toes.
Quote from: happypatty on July 30, 2014, 02:40:22 am@Simeon: Perhaps I am misinformed. Let's start with the simple question - Can a user transfer BitUSD to another user who has 0 BTSX in their account?Or does the receiving user need to maintain BTSX for collateral?Absolutly! ( If he has bitUSD in his account of course)btw merockstar can answer 95 % of those question for me...
@Simeon: Perhaps I am misinformed. Let's start with the simple question - Can a user transfer BitUSD to another user who has 0 BTSX in their account?Or does the receiving user need to maintain BTSX for collateral?
1) Putting BitUSD on the exchanges would be a huge risk for them, as it will need to be backed by a collateral in BTSX. So when you hold a BitUSD position, you also need to have a big BTSX balance, to cover your position in case of a margin call.
Quote from: Simeon II on July 30, 2014, 12:38:52 amQuote from: Xeldal on July 30, 2014, 12:33:59 amExcept that bitUSD will ultimately be subject to the same fate as USD. And that one, we know, may not last much longer.USD is a figure of speech. It is any fiat currency you like. As for gold standard... it will come but I am too old to think it will be in my lifetime I just turned 40....as quick as bit*FIAT will be everywhere, so will bitGOLD. Im 35 this year and I certainly expect it in mine. I figure gold will just naturally be the 'standard' unit of measure for value, eventually. It will take USD not making sense anymore, for that to change.
Quote from: Xeldal on July 30, 2014, 12:33:59 amExcept that bitUSD will ultimately be subject to the same fate as USD. And that one, we know, may not last much longer.USD is a figure of speech. It is any fiat currency you like. As for gold standard... it will come but I am too old to think it will be in my lifetime I just turned 40....
Except that bitUSD will ultimately be subject to the same fate as USD. And that one, we know, may not last much longer.
No it gonna be bitUSD taking over the world! BTSX will be just the foundation on which bitUSD exists!PS Funny how I turned out to be the bigger optimist at the end...
Quote from: Empirical1 on July 30, 2014, 12:04:50 amQuote from: Simeon II on July 29, 2014, 11:49:17 pmQuote from: Empirical1 on July 29, 2014, 11:41:43 pmQuote from: Simeon II on July 29, 2014, 11:38:28 pmWhat do you mean take it off the blockchain?It will be taken off the blockchain at the centralized exchanges as much as BTC (or any other coin) is taken from the blockchain at said exchanges.bter already lets you keep CNY so why keep BitCNY on the exchange? With both you have to trust the exchange won't take your money but with BitCNY you have the additional risk of the peg not holding.How easy is to deposit real USD in Bter (and all cryto-only exchanges) ... yes in bret it will be CNY or bitCNY whatever you choose... And then again why they have bigger/more BTC markets than CNY markets?If I'm understanding you, yes, you're right, if it's possible, BitAssets mean crypto-only exchanges can maybe offer a lot more and bigger options because they are backed up on the X blockchain. I still don't understand exactly if it's possible.The only thing I do not understand is how you were so optimistic 2-3 weeks ago, if you did not realize that this is one of the ultimate goals! (i.e. taking over BTC, before taking over the USD/EUR/CNY )
Quote from: Simeon II on July 29, 2014, 11:49:17 pmQuote from: Empirical1 on July 29, 2014, 11:41:43 pmQuote from: Simeon II on July 29, 2014, 11:38:28 pmWhat do you mean take it off the blockchain?It will be taken off the blockchain at the centralized exchanges as much as BTC (or any other coin) is taken from the blockchain at said exchanges.bter already lets you keep CNY so why keep BitCNY on the exchange? With both you have to trust the exchange won't take your money but with BitCNY you have the additional risk of the peg not holding.How easy is to deposit real USD in Bter (and all cryto-only exchanges) ... yes in bret it will be CNY or bitCNY whatever you choose... And then again why they have bigger/more BTC markets than CNY markets?If I'm understanding you, yes, you're right, if it's possible, BitAssets mean crypto-only exchanges can maybe offer a lot more and bigger options because they are backed up on the X blockchain. I still don't understand exactly if it's possible.
Quote from: Empirical1 on July 29, 2014, 11:41:43 pmQuote from: Simeon II on July 29, 2014, 11:38:28 pmWhat do you mean take it off the blockchain?It will be taken off the blockchain at the centralized exchanges as much as BTC (or any other coin) is taken from the blockchain at said exchanges.bter already lets you keep CNY so why keep BitCNY on the exchange? With both you have to trust the exchange won't take your money but with BitCNY you have the additional risk of the peg not holding.How easy is to deposit real USD in Bter (and all cryto-only exchanges) ... yes in bret it will be CNY or bitCNY whatever you choose... And then again why they have bigger/more BTC markets than CNY markets?
Quote from: Simeon II on July 29, 2014, 11:38:28 pmWhat do you mean take it off the blockchain?It will be taken off the blockchain at the centralized exchanges as much as BTC (or any other coin) is taken from the blockchain at said exchanges.bter already lets you keep CNY so why keep BitCNY on the exchange? With both you have to trust the exchange won't take your money but with BitCNY you have the additional risk of the peg not holding.
What do you mean take it off the blockchain?It will be taken off the blockchain at the centralized exchanges as much as BTC (or any other coin) is taken from the blockchain at said exchanges.
My first reaction is "of course it will be listed on centralized exchanges!" Luckybit has a good point, but the reality us that if it puts centralized exchanges out of business, it will do so whether they list it or not. So sure, maybe some exchanges will put their heads in the sand and pretend bitusd doesn't exist, but the exchanges that last the longest will be the ones that embrace the new paradigm and profit from bitusd's dominance. Any exchange that lists bitusd will make a killing as it starts to overtake bitcoin as the default unit of account in the crypto world.The thing is, if an exchange wants to list bitusd, there isn't a damn thing we could do about it even if we wanted to. Thus my conclusion that someone will certainly do it sooner or later.Actually, I think day traders will always prefer centralized exchanges over decentralized ones because they're faster and they don't charge you fees to place orders. But that's just my hunch - I wouldn't put any money on it.Sent from my SCH-S720C using Tapatalk 2
@Empirical1 not it is far more than IOU
Quote from: bitcoinerS on July 29, 2014, 09:22:33 pmI wonder what it would take to list and trade BitUSD (after it works well on Bitshare X exchange) on regular centralized exchanges. If market peg holds, BitUSD is likely to be a very popular "coin", as well as, likely a few other synthetic assets. Any plans on making it possible to trade Bitshares "derivative" assets on central exchanges?Why would a centralized exchange want to list something which could put them out of business?Maybe so people can cash out BitUSD but thats about it.
I wonder what it would take to list and trade BitUSD (after it works well on Bitshare X exchange) on regular centralized exchanges. If market peg holds, BitUSD is likely to be a very popular "coin", as well as, likely a few other synthetic assets. Any plans on making it possible to trade Bitshares "derivative" assets on central exchanges?