I don't follow... Bitcoin news

Think of it this way:  If bitcoin were to limit block sizes to 1 MB every 10 minutes then transaction fees would start to rise once demand for transactions hit that limit.   Eventually they would rise to the point that many people will only use Bitcoin for savings or large purchases where they need massive liquidity and they will adopt an Altcoin that has not yet hit the block limit for performing checking transactions. 

Every BitShares chain that launches can support up to 16 assets (perhaps more) and if there are 2 BitShares chains then there will be two versions of BitUSD... each will track BitUSD independently and you could trade them via cross-chain-trading or via a centralized exchange.

Would this would open up the door to having both a external feed bitusd and a prediction market based bitusd?  Doesn't sound like it, because one with a external feed would require a whole separate DAC.  Correct me if I'm wrong here.  Nonetheless, another DAC with based on an external feed may not seem like a bad idea after considering it over.  The external feed will complement the prediction market based one by providing a authentic feedback loop.

Just to clarify for everyone, does the contract change if another chain is launched?  That is still part of the original 4MM BTS.

Trying to get a deeper understanding of this:

Does this mean sending 100 BITUSD to a friend or ecommerce store will be fairly cheap, because it is in a parallel blockchain?  But to sell/ buy/ short it on the Bitshares Exchange would require a higher fee-- due to a fixed space in the block chain?

bytemaster plans to use anonomity in the future:


"Our goal is to have as much Anon. as possible.  Including using things like CoinJoin, ZeroCoin, etc.   Ultimately privacy is protected at a higher level than the block chain based upon how clients generate transactions and use the chain."

https://bitcointalk.org/index.php?topic=279771.260

How large can dividends be?  And would it be hard codes -- bitcoin has been known for low transaction fees.  .0001.  If bitshares transaction fees are that low, then the dividend rate would be indifferent. 


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Are you going to or to what extent allow users to input messages and data into the blockchain?  Similar from the debate in the bitcoin space. 

Also do you have any visions towards implementation of smart property and smart contracts?   

Will this create different Bitshare prices?

Quote from: Bitcoinfan on December 31, 2013, 02:51:36 am

Is there a way to tell if Protoshares bought on the exchange have already redeemed MMCs?

they don't work like that. What matters is the value of each address at block 3200. The address in your wallet, where your PTS you bought now sit, did not have any value at block 3200. Whatever account had those PTS at block 3200 gets the credit.

I guess you can follow the block chain to find what account they were in at block 3200 and then check the MME blockchain to see if anyone had spent them, but I don't know why one would want to do that.

Ohh I understand now.  Thanks for the clarification.  In order to redeem, they have had to be sitting in an account prior to block 3200.  Anything bought on the exchange is non-redeemable.