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Messages - eagleeye

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841
General Discussion / Re: We are in the lead and NXT knows this.
« on: September 02, 2014, 02:53:35 am »
The title has already been changed.  I may have strong opinions but I am pragmatic.

dealing with things sensibly and realistically in a way that is based on practical rather than theoretical considerations.
"a pragmatic approach to politics"
synonyms:   practical, matter-of-fact, sensible, down-to-earth, commonsensical, businesslike, having both/one's feet on the ground, hardheaded, no-nonsense; informalhard-nosed
"she remains pragmatic in the most emotional circumstances"
antonyms:   impractical
relating to philosophical or political pragmatism.
LINGUISTICS
of or relating to pragmatics.

Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent's fate.

Sun Tzu

Yes Sir, onceuponatime.

Not me, Sun Tzu.

Sure onceuponatime.  Keep your quotes coming and other ones from Sun Tzu is good too.  We need it.

842
General Discussion / Re: Delegate Legal Fund
« on: September 02, 2014, 02:52:19 am »
What if all Delegates in the BitShares Ecosystem were to agree on a few absolutely imperative collaborative efforts in hopes of protecting each other in the case of legal entanglements with institutions that (although showing they do not deserve it) wish to have ultimate control over all human interaction?  They would do this through their well established "legal" pathways and regulations.  We can bet that when the system starts to really falter that crypto (not corruption of the current leadership) will be blamed--CryptoTerrorist is a term that will likely become common place as the powers that be try to push the buck onto those who are trying to fix the problems they created. 

With that said, Delegates will be the first place for these institutions to attack...So wouldn't it be worth it for all delegates to sign on to give a small % of their tx fees to a fund for legal fees in the case that any delegate is so labeled and embroiled in mounds of legal consequence?

We could even ask users if they would like to increase their tx fees by a slight amount to ensure that the fund becomes robust as quickly as possible.  Just a thought--please consider and give opinions below.

Suppose you do have a legal fund? Delegates may also need friendly relationships with military and law enforcement to protect them from being extorted by the underworld.

I don't see how a legal fund will solve all the kinds of problems which could await delegates.

I think legal problems are somewhat easy compared to the other risks.

We will need friendly relationships with the military and law enforcement.

843
General Discussion / Re: Cannot cancel BitUSD order
« on: September 02, 2014, 02:51:13 am »
I'm also getting this error and have enough funds to cover any fees.  Shortly after it occurs it says "Not connected" and occasionally tries to sync to catch up... so I'm guessing that it's not canceling due to connection issues?

more than likely that is the problem , make sure you have the most recent version and good luck.

How do you update the software and can the software in the future update itself when your going to login?

Also bitshares.org should have an "Updates" page at the top.

BitShares doesn't release BTSX it's another company DACsunlimited

http://www.dacsunlimited.com/ you can also go to bitshares-x.info

At the moment you update it by downloading the latest version from there but it is very new software so there may be bugs etc. & frequent updates https://bitsharestalk.org/index.php?topic=7962.0

Is bitshares.org on this forum and is bitshares.org = DACsunlimited?  If so they are immense allies

844
General Discussion / Re: We are in the lead and NXT knows this.
« on: September 02, 2014, 02:46:28 am »
The title has already been changed.  I may have strong opinions but I am pragmatic.

dealing with things sensibly and realistically in a way that is based on practical rather than theoretical considerations.
"a pragmatic approach to politics"
synonyms:   practical, matter-of-fact, sensible, down-to-earth, commonsensical, businesslike, having both/one's feet on the ground, hardheaded, no-nonsense; informalhard-nosed
"she remains pragmatic in the most emotional circumstances"
antonyms:   impractical
relating to philosophical or political pragmatism.
LINGUISTICS
of or relating to pragmatics.

Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent's fate.

Sun Tzu

Yes Sir, onceuponatime.

845
General Discussion / Re: bitBTC market is now up and running!
« on: September 02, 2014, 02:44:42 am »
Hope this helps!




Thank you Mr. TheOnion.  What page are you specifically on?

The right side below "Open Orders" above "Bid 16,150, 0.0010000 16.149999" needs titles above them.

846
General Discussion / Re: bitBTC market is now up and running!
« on: September 02, 2014, 02:35:47 am »
Hope this helps!




Thank you Mr. TheOnion.  What page are you specifically on?

847
General Discussion / Re: Delegate Legal Fund
« on: September 02, 2014, 02:34:27 am »
Rather than being defensive and assuming the government will go after delegates, I think a better solution would be for delegates to be proactive and participate in discussions with regulators. My strategy is to be 100% legit all the time, I'm not going to hide and hope my anonymity can protect me (it can't). At the same time, I don't see any clear regulatory problems at the moment, but I plan on participating in discussions with regulators and complying with whatever comes up as the proper way to legitimize/protect consumers/follow the law (whatever someone wants to call it). As of now, BTSX and BitUSD are just crypto currencires and as such I'm following the proper tax laws and FINCEN guidance as any miner of cryptocurrencies should.

If bitsharesx really takes off, delegates (and users) may want to get together and figure out a centralized approach to handling regulation - sort of like the bitcoin foundation does for bitcoin.

well said  +5%

funds could be pooled to create a lobby group to proactively work with regulators

100% "legit" means that the interests who are currently employing treasonous measures against the public will gain more control over the ecosystem.  The only reason, for instance, that the IRS still exists and forces "taxes" (read theft) on citizens is because there have not been enough people who got pissed off about the IRS' Illegal Operations to change the status quo (https://www.youtube.com/watch?v=azynljXxbC0). 

Being "legit" is fine...but it is a whole other thing to comply with illegal requirements simply out of fear that we will be imprisoned or otherwise penalized.  This simply lends to the public's sense of legitimacy over these types of institutions...which most can agree, are illegal (meaning those working for them should be the ones penalized!). 

This is precisely why I am thinking it is important to have a legal team there and ready in the instances that legal cases present themselves as opportunities to set precedents favorable to our ecosystem.

Perception is reality.   If Bitshares delegates are making the appearance that they are trying to be legit goes a long ways towards positive public perception.

 A good example is carbon credits, it appears that big buisness is trying to be enviromentally freindly to the public. But truth be known they dont really care as long as they are protecting the bottom line.

Charity is a good thing, if it is effective.  I do believe carbon credits are like in one way false charity (trying to protect their bottom line) but it is a good thing (maybe).

848
General Discussion / Re: Delegate Legal Fund
« on: September 02, 2014, 02:31:22 am »
Rather than being defensive and assuming the government will go after delegates, I think a better solution would be for delegates to be proactive and participate in discussions with regulators. My strategy is to be 100% legit all the time, I'm not going to hide and hope my anonymity can protect me (it can't). At the same time, I don't see any clear regulatory problems at the moment, but I plan on participating in discussions with regulators and complying with whatever comes up as the proper way to legitimize/protect consumers/follow the law (whatever someone wants to call it). As of now, BTSX and BitUSD are just crypto currencires and as such I'm following the proper tax laws and FINCEN guidance as any miner of cryptocurrencies should.

If bitsharesx really takes off, delegates (and users) may want to get together and figure out a centralized approach to handling regulation - sort of like the bitcoin foundation does for bitcoin.

Very well written post.  How do you plan on participating in discussions with regulators and at what time.  A great idea at the wrong time, is nothing.

I do believe there should be a foundation and the money should either be in some sort of safe diversified investments (mutual funds, stocks, bonds, cash)

849
General Discussion / Re: Delegate Legal Fund
« on: September 02, 2014, 02:29:37 am »
Rather than being defensive and assuming the government will go after delegates, I think a better solution would be for delegates to be proactive and participate in discussions with regulators. My strategy is to be 100% legit all the time, I'm not going to hide and hope my anonymity can protect me (it can't). At the same time, I don't see any clear regulatory problems at the moment, but I plan on participating in discussions with regulators and complying with whatever comes up as the proper way to legitimize/protect consumers/follow the law (whatever someone wants to call it). As of now, BTSX and BitUSD are just crypto currencires and as such I'm following the proper tax laws and FINCEN guidance as any miner of cryptocurrencies should.

If bitsharesx really takes off, delegates (and users) may want to get together and figure out a centralized approach to handling regulation - sort of like the bitcoin foundation does for bitcoin.

well said  +5%

funds could be pooled to create a lobby group to proactively work with regulators

100% "legit" means that the interests who are currently employing treasonous measures against the public will gain more control over the ecosystem.  The only reason, for instance, that the IRS still exists and forces "taxes" (read theft) on citizens is because there have not been enough people who got pissed off about the IRS' Illegal Operations to change the status quo (https://www.youtube.com/watch?v=azynljXxbC0). 

Being "legit" is fine...but it is a whole other thing to comply with illegal requirements simply out of fear that we will be imprisoned or otherwise penalized.  This simply lends to the public's sense of legitimacy over these types of institutions...which most can agree, are illegal (meaning those working for them should be the ones penalized!). 

This is precisely why I am thinking it is important to have a legal team there and ready in the instances that legal cases present themselves as opportunities to set precedents favorable to our ecosystem.

You have to understand taxes are good, America in itself has a large part of the population that is in poverty.  It is the US government that has the wrong priorities ($600 billion US a year in military spending, while only $6 - $30 billion a year in food stamps, MAYBE (MAYBE I am wrong in how it should be set up)).

What im getting at is some taxes is good like Canada with only 20% and (I know Russia is our enemy at the moment) but Russia at 10 - 15% taxes (I believe).

We need to get a large part of the population out of poverty but military spending and an imperialistic mentality (in terms of US government foreign policy) will not help our population.

You must realize (im sorry if I say that too much) but this is a very disruptive technology.  We could put lots of people out of work (bank tellers, people that work for NYSE, NASDAQ) so we do have enemies and this is a war. 

850
General Discussion / Re: Cannot cancel BitUSD order
« on: September 02, 2014, 02:16:57 am »
I'm also getting this error and have enough funds to cover any fees.  Shortly after it occurs it says "Not connected" and occasionally tries to sync to catch up... so I'm guessing that it's not canceling due to connection issues?

more than likely that is the problem , make sure you have the most recent version and good luck.

How do you update the software and can the software in the future update itself when your going to login?

Also bitshares.org should have an "Updates" page at the top.

851
General Discussion / Re: bitBTC market is now up and running!
« on: September 02, 2014, 02:12:57 am »

I personally have 7+ filled orders...

I guess the GUI is more intelligent now, displaying only recent orders.

Can you give us a screenshot without (WITHOUT) your username and BTSX amount?

852
If you want to change forums, I will donate enough BitShares for a vbulletin forum software it is the best, as used by the top forum operators in the world found here, http://www.thebiggestboards.com/ .  (There use to be www.big-boards.com which had a better useface but for some reason it disappeared.)

If you look at http://www.vbulletin.com/forum/ it is the cleanest and best looking.

I would prefer that a group of us donated to buying the vbulletin, as it builds community among serious members/users.

I was wrong, this is good.

853
General Discussion / Re: Where does one go to talk to the developers?
« on: September 01, 2014, 11:49:04 pm »
Hi,

Who are the developers, and are they on this forum?

The developers on on this forum ;)

Hehe.  :)      Whoever is developing bitshares.

All development is discussed on these forums and if you have something in particular you would like to do/say then I can help you.

I have heard of the Mumble server.  I can help with this.
http://beyondbitcoinx.net/mumble/
Now i know from where all the visitors are coming from :)

<3

Just so know...Jabba is the brains behind that page.  He does it and asks nothing in return.  Really awesome people here on the forums...they have a way of giving people hope that the world really can be a better place.

Its really simple and good :)

854
BitsharesX is great, but this thread is kind of over the top.

Can we stop with the "enemy" talk. Its silly.

"Over the top" was a term used in World War 1 to get soldiers out of the trenches.  I am trying to get people to adopt bitshares, that is why I made this post.

Admins, maybe it is a good idea to talk to me on Skype and we can make this post even better, to put it at the top of this forum.  The economic benefits should be known, they are huge.

855
Going from 2.6 cents to $1 dollar (and beyond probably $1000 each too) like bitcoin did (bitcoins went from 1 cent to $1000 dollars in 5 years (This will happen faster though)).  Now why?

Instant transactions (bitcoins takes 15 - 25 minutes)
Asset Exchange (You can play the currency, stock market, and etc through it)
No Inflation
A currency that pays you interest to hold.
It Appreciates in Value

It is BitSharesX, bitshares.org.  Why?  Because it has features bitcoins does not have, significant features such as instant transactions (so it can be like Paypal, Visa or Mastercard).  Together these 3 payment systems process $4 TRILLION (trillion) dollars a year).  This is significant as if someone wants to send it to someone else with bitcoins (which each is worth $500 dollars) it takes 15 - 20 minutes.  How then will they be able to process transactions at Wal-Mart (any store). This shows the top cryptocurrencies http:/www./coinmarketcap.com/ (bitshares is 4th in value with $53 million (2.6 cents each).  While Bitcoins is 1st with $6.7 BILLION in value ($500 dollars each).  Bitshares is 3rd in volume with $1.2 million a day which is significant.  While Bitcoins only has $46 million in daily transaction volume.

A reasonable market cap could take BTSX to $2-3 each. That could happen between now and 2016. After 2016 when the Bitcoin reward halving takes place all the market caps could spike and Bitshares could reach $20-30.

I'm guessing Bitshares could reach 50-100 billion market cap at it's peak. Bitcoin could be over a trillion dollars marketcap if it doesn't get derailed. But I do not expect Bitshares to dethrone Bitcoin so easily even if it's firmly in 2nd.
What else does bitsharesx have?  The Official Asset Exchange.  Why is this significant.  It will be like the NYSE (US Stock Exchange), Nasdaq (US Technology Stock Exchange) this means that people will be able to play the market like buying Google stock through this. 
Could be, but currently isn't. We have a long way to go and need a lot more developer momentum to take it that far. Who knows? Maybe when the market cap is high enough the delegates can get together and start a software development company, then hire a dozen talented super developers.

But what else.

You can own US dollars, and within a few weeks Chinese Yuan (Chinese dollars meaning there will be a big demand from China).  And later EVERY currency in the world.
Demand is hard to get. We don't have real demand from China yet but we do have minor interest. Major interest will happen when or if China authorizes cryptocurrency technology. We don't know where the Chinese government stands but I suspect they don't like what they can't control.
Furthermore you get interest for holding bitshares.  Meaning its like a currency but it pays you money by holding it.  Furthermore there is no inflation there will only be 2.0 billion of them which may sound a lot but each bitshare is only going for only 2.6 cents which means if it overpasses bitcoins it will go up to $3 dollars a bitshare (6 billion in market.

That is correct. $3 a BTSX is a reasonable projection based on the possible market cap. 6 billion is really a drop in the bucket for market caps and that is why I would think 40-50 billion is the peak. I don't expect we'll see prices over $20-30 for BTSX because the world isn't going to accept it so easily. It will take decades to get to $1000 like you were talking about but that is at least possible in theory.

I would say Ethereum has the best shot at a trillion dollar market cap.

But if you incorporate that to use the Asset Exchange or to trade US dollar currency everyone has to have subs of bitshares, like bitUSD, or bitGold, or bitYUAN (Chinese currency).

The chinese like this a lot.  They are the early adopters but its for everyone, everyone is getting into it. 

www.coinmarketcap.com this shows you 450+ crypto currencies.  And Bitshares is 4th  while it is just 1 month old.  Its closest competitor (enemy) is NXT. 


This is certainly impressive and a talking point. 1 month into release and the #4 cryptoequity in the world is a very good sign. It should be in marketing talking points.

But Bitshares X is a long way from replacing Forex. Years away from being able to even try for a trillion dollar market cap. It's not an impossibility because the money is sitting there waiting but it would require society to flip on it's head overnight socially and that isn't going to happen.

Realistically we should be looking at $1-10 billion marketcap in the next 2-3 years. $10-50 billion after the Bitcoin block reward halving draws attention into the ecosystem.
Here is some history to put everything into perspective.

5 years ago in 2009 Bitcoins was released.  It was at 1 cent.  You could call it cryptocurrency 1.0 like how Google search engine is Web 1.0.  Then became Facebook (social network) which is Web 2.0.  BitSharesX is crypto-currency 2.0 how so?  Due to its interactive new features?

Does bitsharesX (bitshares.org for more info) have competitors.  Yes NXT.  But they are way behind in terms that they do not have the instant transactions and it may not work for them.  Furthermore there is 3 months before they say they will release instant transactions and there asset exchange is ineffective as well as they do not pay interest on holding their currency.
At this point there are no competitors.

The market cap we have is around $50-60 million. We could reach $50-60 billion even with NXT, Bitcoin, Ethereum and others reaching into the billions. The leader will probably reach into the trillions.
This is the atomic bomb of the 21st century.  This is like World War 2, it is an arms race to win the war.  Do your part by promoting BitSharesX go to www.bitshares.org to read about it.  Get involved go to https://www.bitsharestalk.org/ sign up.  For further developments and the cutting edge information go to the General Discussion on the forum or here https://www.bitsharestalk.org/index.php?board=5.0.

I don't think it's all too bright to talk about it like it's a war. As if somehow we have to choose one or the other? We can own all and hedge against them all. If Bitshares X market cap reaches $1 billion or more then a lot of people involved will diversify which will help the competitors market caps.

Microsoft and Apple both made billions, Steve Jobs and Bill Gates both were among the richest people in the world, there isn't a lot to complain about for any of us here if the market cap of Bitshares reaches the $10 billion and beyond. In fact by that time I would expect an entirely different generation of investors.

Remember the big winners in the stock market, usually forget about there stocks for a while (a year, 6 months, 5 years) and dont look at the daily movement, but plan the game if you want (I am a financial advisor and suggest dont)

All the best.

Live long and prosper.

If you're a financial advisor maybe you can figure out how to turn BitAssets into "real" legal assets.


I tried to answer your questions but I do not know how to specifically take out quotes like you did.  Will you please help me?

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