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General Discussion / Why is the .5 BTS fee set as default if one can choose lower .1 BTS when voting?
« on: November 24, 2014, 03:12:13 pm »
Please discuss for us noobs...
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General Discussion / Re: Vote for marketing.methodx
« on: November 24, 2014, 03:00:18 pm »Help! For Step 5, When I hit vote, I get a popup which says "Are you sure? This will send xxxxxxxx BTS to (my name). It will charge a fee of 0.5 BTS.
I've never voted. Why do I have to send all my BTS to my self for a fee?
You can change the transaction fee to 0.1 BTS by clicking on Preferences on the left side of the window and changing the value there.
You have to send the entire account value to yourself because it allows the blockchain to store your voting data with the account balance data and essentially any time this data is changed you need a small fee(to prevent spamming and such).
Hope this helps
Thanks xeroc...voted for you and nikolai as well.
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General Discussion / Re: Vote for marketing.methodx
« on: November 24, 2014, 02:55:04 pm »Help! For Step 5, When I hit vote, I get a popup which says "Are you sure? This will send xxxxxxxx BTS to (my name). It will charge a fee of 0.5 BTS.
I've never voted. Why do I have to send all my BTS to my self for a fee?
You can change the transaction fee to 0.1 BTS by clicking on Preferences on the left side of the window and changing the value there.
You have to send the entire account value to yourself because it allows the blockchain to store your voting data with the account balance data and essentially any time this data is changed you need a small fee(to prevent spamming and such).
Hope this helps
Thanks that worked...Why is 0.5 fee default if one can chose lower (0.1)?
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General Discussion / Re: Vote for marketing.methodx
« on: November 24, 2014, 02:37:27 pm »
Help! For Step 5, When I hit vote, I get a popup which says "Are you sure? This will send xxxxxxxx BTS to (my name). It will charge a fee of 0.5 BTS.
I've never voted. Why do I have to send all my BTS to my self for a fee?
I've never voted. Why do I have to send all my BTS to my self for a fee?
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General Discussion / Re: Any traders in here who actively trade metals or FOREX on traditional exchanges?
« on: November 05, 2014, 09:42:54 pm »21
General Discussion / Re: Which countries are going to adopt Bitcoin?
« on: September 29, 2014, 12:43:26 pm »
None but they will try to implement their own.http://www.theguardian.com/global-development-professionals-network/2014/sep/11/ecuador-digital-currency-dollar
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General Discussion / Re: Has anyone seen or commented on this yet?
« on: September 23, 2014, 03:54:43 pm »
One quick note i'd like to make regarding the back and forth...
Quoting prestonbyrne:
"Law-abiding people in developed countries benefit from not having their assets seized and also from substantial deposit guarantees. When they deal with “deposits” at functioning exchanges and regular banks, their deposit balance represents a contractual obligation on the depository institution to return those funds at par."
The FDIC DOES NOT have the capacity to cover ALLdeposits at US Banks. Sure, the Gov't/FED will step in a cover all deposits at whatever cost (Good luck printing even a trillion in physical USD paper notes on such short notice) but at that point it would be total chaos even if 10% of that cash tried to enter the physical plane.
Also note that this only covers US banks
Here's a visual to put things in perspective.
Quoting prestonbyrne:
"Law-abiding people in developed countries benefit from not having their assets seized and also from substantial deposit guarantees. When they deal with “deposits” at functioning exchanges and regular banks, their deposit balance represents a contractual obligation on the depository institution to return those funds at par."
The FDIC DOES NOT have the capacity to cover ALLdeposits at US Banks. Sure, the Gov't/FED will step in a cover all deposits at whatever cost (Good luck printing even a trillion in physical USD paper notes on such short notice) but at that point it would be total chaos even if 10% of that cash tried to enter the physical plane.
Also note that this only covers US banks
Here's a visual to put things in perspective.
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General Discussion / Re: Has anyone seen or commented on this yet?
« on: September 23, 2014, 03:08:30 pm »
Dan did a back and forth with the guy at a later post. Read the comments...http://prestonbyrne.com/2014/08/24/what-goes-up/#comments
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General Discussion / Re: Top 100 richest BTSX address?
« on: September 18, 2014, 12:17:45 am »Is it possible to generate a Top 100 BTSX address? also someone can build a distribution graph?That does not make much sense as every single transaction gets a NEW address .. no way to link it to an account ... TITAN rox
This.
A distribution graph would be possible to be made from genesis.json though. I'm not sure how accurate it would be as people could of donated to AGS from multiple addresses, both btc and PTS addresses, or held AGS and PTS. Thus if they got their stake multiple ways, it would be listed as different addresses in the genesis block. I guess the same goes with all purely PoS coins though.. People can donate with multiple addresses and distribution graphs may be inaccurate.
This, but also think about why such a big stake of the total BTSX are still unclaimed...Any guesses...
FWIW 80% of mine is unclaimed... there's just no reason to do it yet.
Could you expand why? So that it's out there for everyone to see...
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General Discussion / Re: Stock market crash
« on: September 09, 2014, 02:43:46 am »
Back in 2008, gold had a major spike two days after Lehman Brothers filed for bankruptcy. The fear was real and money flocked to the metal. However, gold resumed its downward trend due to pretty much EVERYTHING being liquidated to meet margin calls during the worst of the crisis. Unfortunately, you can't look at gold like any other asset class because it is extremely opaque and the real action is done over-the-counter (OTC) where nobody knows what's really going on. One thing to note was that by November 2008 gold was backwardated which theoretically is not possible for a commodity (The way modern finance looks at gold) with an 80 year+ above ground supply. Backwardation usually implies imminent shortage which is usually seen in the grains market when a bad crop is announced. American Gold Eagles were also selling at a huge premium if you could find any...
Physical gold? Sure, a safe heaven imho (Regardless of price action)...Gold ETFs and other derivatives not so sure. Bitassets most definitely
http://www.cnbc.com/id/26759053
Physical gold? Sure, a safe heaven imho (Regardless of price action)...Gold ETFs and other derivatives not so sure. Bitassets most definitely
http://www.cnbc.com/id/26759053
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General Discussion / Re: Stock market crash
« on: September 09, 2014, 12:43:44 am »
Not likely at least for the foreseeable future with all the capital flowing back to the US looking for "safety" (Twisted, I know...). In the unlikely event of a crash, the dollar would rally as everyone would be getting margin calls and money would be pouring into the short end of the yield curve possibly driving t-bills negative which is a big no-no for the FED for numerous reasons.
Perhaps BitUSD would rally? Paradoxically, people would look for alternatives as they did with bitcoin in the aftermath of 2008.
Perhaps BitUSD would rally? Paradoxically, people would look for alternatives as they did with bitcoin in the aftermath of 2008.
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General Discussion / Re: Is Bitshares and the Platform? - A Dark Pool - Are they illegal - No
« on: September 08, 2014, 06:35:07 pm »[/quote]
I agree with possibly not associating them with Dark Pools. But we need to find the legal definition of what we are doing, as cryptocurrency asset exchange is completely new.
[/quote]
Why? The US Gov't and Wall Street are not going to give up their monopoly hence why cryptos are a whole new and decentralized asset class outside the system...
[/quote]
On a different note Dark Pools can have derivatives and that is what I believe a bitAsset is.
[/quote]
Most derivatives are traded over-the-counter (OTC) meaning that the transactions do not take place on a formal exchange. That is not the same as a Dark Pool. The one and only function of a Dark Pool is to move massive amounts of equities without moving the market. Derivatives by definition are not supposed to move the underlying although there's some evidence of that statement not being true but that's getting off topic...
Goldman's SIGMA X held stocks which are publicly disclosed...What's not disclosed is size of the blocks being traded.
I've seen your other posts and I'm all for promoting BTSX but you're getting off topic here and confusing matters by trying to define (legally) what a bitasset is which just isn't relevant at thing point.
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General Discussion / Re: Is Bitshares and the Platform? - A Dark Pool - Are they illegal - No
« on: September 08, 2014, 01:51:45 pm »
Dark Pools are not illegal but they are riddled with fraud...Moreover, bit assets are just a peg to real world assets which for all legal purposes, are all imaginary unlike Dark Pools which do hold real assets off market. By your argument, BitUSD might be already violating the "law" by tracking the price of the USD...
Goldman Sachs's SIGMA X Dark Pool (Biggest and baddest of them all) was brought down by scandal and bad rep. http://online.wsj.com/news/articles/SB10001424052702304819004579490030481110264 (Or Google "Goldman Mulls Closing Dark Pool" to get through the pay wall).
I would sway away from associating Bit-Assets with Dark Pools because A)They are not B)The association brings more confusion and complexity to something that's already hard to understand as is.
Goldman Sachs's SIGMA X Dark Pool (Biggest and baddest of them all) was brought down by scandal and bad rep. http://online.wsj.com/news/articles/SB10001424052702304819004579490030481110264 (Or Google "Goldman Mulls Closing Dark Pool" to get through the pay wall).
I would sway away from associating Bit-Assets with Dark Pools because A)They are not B)The association brings more confusion and complexity to something that's already hard to understand as is.
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General Discussion / Re: 10,000 BTSX UP FOR GRABS: On what date do we pass Litecoin?
« on: August 22, 2014, 03:56:25 pm »
September 15th at around midnight (Eastern Time). Why? Because that's when Lehman Brothers collapsed triggering a chain of events which would eventually make bitcoin/bitshares an attractive alternative 
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Technical Support / Bitshares.exe will not open Windows 7
« on: July 22, 2014, 05:04:46 pm »
Tried it on my main machine and a VM. Both windows 7 64-bit. Please help!
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