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Messages - GaltReport

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316
Very nice! 

317
Is anyone else experiencing what fumanchu808 is experiencing?
Since the latest update(0.4.14), there is no range limit that prevented placing shorts too close to bids. I can place a short order to exact match the bid, however the order does not appear on the the public board. When i place the short far enough from the bids, it appears on the public board.

"Short BitUSD"
"Range 23.0769 - 28.4900 BTSX/BitUSD"
"Highest Bid 24.49 BTSX/BitUSD"

This is what I have seen as well.  I don't know if it's a bug or if this is the intended way for it to work.

318
General Discussion / Re: BitUSD Market Maker Live
« on: September 12, 2014, 12:33:42 pm »
File "main.py", line 5
    <!DOCTYPE html>
    ^
SyntaxError: invalid syntax



what is this?I'm using Ubuntu 14

I suspect you may have downloaded it wrong.  Looks like you have an html version.

319
General Discussion / Re: This could happen to bitshares - Article - Read
« on: September 12, 2014, 11:07:24 am »
Uber is a service with centralization and traceability of actors.  It has little relation to what is being done here.  I don't particularly see the relevance except both being internet based. 

I agree with Xeroc.  Off topic.

If you had an idea about how Uber could be decentralized and avoid protectionism/crony capitalism etc then that'd be a great conversation.

This is important because of the following

1) Government regulation coming down on an innovation causing them not to go into a market.  (take away for us: being prepared against regulation, something im nailing into the heads of everyone, and hopefully BM)
2) An innovation similar to us it being an innovation and we being an innovation.
3) no 3.

Where is the offtopic forum?

Off topic = Random discussion at bottom of top section.

Everyone here who has been around and "gets it" knows what can happen.  This is just another example that is vaguely applicable.

Government has also been going after b2b but decentralization is obviously not going to fix that.  Thats not news to the aware people here.

Here is the basic problem with this thread.  This whole ecosystem (Bitshares) has been based around avoiding intervention by third parties.  It isn't just being trustless, but about being immune to malevolent and protectionist entities.  You come around saying you need to "nail into BM's head" something that he has spent years thinking about and designing around.  Does that not strike you as an utter and complete waste of his time at this point and the rest of the community ?

I really am not trying to be a dick, but I get the feeling that if people don't say "wooah slow it down buddy", you will not even attempt to filter your posts.  Every post that you make that provides no humor/info (value) is a waste of dozens of people's time.

If you want to be helpful and make infographics and market bitshares, then PLEASE do so.  Bitshares can use anyone who does this.   So in that regard I want you to stick around and be helpful.

Personally, there are times I start making a post, then I realize... Gamey, you really have nothing to contribute.  I then click the back arrow and avoid wasting the time of others.  Maybe consider that ?

Your post per day ratio is likely 3x the next person.  Please take this into consideration.

 +5%

320
General Discussion / Re: Some advice from a convert.
« on: September 12, 2014, 12:21:31 am »
One of the best post ever follows. Kind of hard to add to that:

'The average Joe isn't going to be able to understand the system any more than they understand the current banking system or even bitcoin.  At the end of the day most people have to watch it work and then learn to trust it.   While there is some value in trying to explain it to the average Joe in simple terms, much is lost in translation and that is really beyond the point of this particular thread.

I think that if someone wishes to "attack" the idea BitUSD but lacks the background to know the terms used, then they also lack the standing to publicly criticize and declare a scam, fraud, or broken system.   I do not like to hide behind fancy language and have taken great effort to explain it in simple terms in many places.   Unfortunately the simple explanations are never "complete, accurate, and authoritative".

The primary difference between BitUSD and the FED is that it is market driven and all IOUs are collateralized 200%.   In the case of the Fed they can print up $2 trillion dollars without having any collateral.  BTSX would require collateral worth $4 trillion dollars to exist.   The next difference is transparency.   Another difference is the complete lack of "price fixing".'


Great stuff. I will borrow this more than once!

321
General Discussion / Re: Some advice from a convert.
« on: September 12, 2014, 12:14:23 am »

So here's my recommendation:
Buy ads on /r/Bitcoin etc. that says
Earn interest on your Bitcoin,
or
Did you know Bitcoin looses $Billion a year?
or
Ten seconds block times, trustless BTC, USD, Gold trading
and lands to a Bitshares-X page geared specifically towards BTC holders.

Buy native advertising on CoinDesk and other crypto media outlets.

Stop wasting money trying to acquire traffic from people interested in buying Bitcoin for the first time. They barely "get" Bitcoin, don't think you can make them understand even deeper levels of abstraction.

I agree with your propositions short term but from time prospective they are too tactical.

Bitcoin has made some promises and some of them are fulfilled and some are not and some never will be.

BisharesX has its promises too and one of them is to be better technology then Bitcoin, and on top of that to replace not only the money but the whole ecosystem associated with it. And that's only beginning.
Beside Bitcoin has barely scratch its targeted market and it is about time to be replaced by more mature technology.
As for getting the technology, me and my wife don't get nothing about GPRS technology but we use it all the time.
You dont need to explain everything you just need to explain how could I benefit from it.

So what is BitsharesX strategic objective?
Who is its really meant for? Who could benefit from it most?
How can we find better, faster,easiest ways to achieve those goals and etc..
I think answer for above questions should be our long term marketing goals.

 +5%

322
General Discussion / Re: Just sent to wrong address
« on: September 12, 2014, 12:06:22 am »
I think it's better to have a white list.
you can only sent to the account in the white list.
if you want to sent to a new account, you need to add the account to the white list first. this can avoid the stupid mistake.

Good idea.

323
General Discussion / Re: Just sent to wrong address
« on: September 12, 2014, 12:01:40 am »
One thing you can do is add the bter public-key listed in your bter account to your contacts and come up with a unique name that won't be chosen by the fraudsters. I did this after a similar experience. Test it by sending only a small amount.

324
just a update but it looks like the interest is gone because I transferred money to myself. Yield est. is now zero. can anyone inform me what the correct way to collect interest from bitUSD is? don't want to lose anymore money guessing.

if this is true does it mean we loose yield every time we vote ?

Actually I think you RECEIVE the interest when you make a transaction. I sent some BitUSD to some for shirts and some interest was added to my account I think. I could be wrong but Check your transaction history.

325
General Discussion / Re: BitUSD Market Maker Live
« on: September 11, 2014, 08:49:54 pm »
Cool!!

326
...The majority of delegates will want to jump off the cliff, and only a few will be trying to do the right thing and change directions faster...

I'm not sure what you mean by this?


All grass roots, and beurocratic organizations have the same problem.  First off, you can't do anything alone, especially with world finances like this.  You need to have the largest herd possible.  So, the problem becomes, how do you get the largest possible herd (get smart people to stop splitting), AND get that herd to make the drastic and often difficult to make changes necessary for survival and the most rapid possible progress, without getting bogged down by size.

And leading minds, like everyone creating all the Alt coins, are like cats.  If we could all work together, efficiently and intelligently, everyone working together, rather than trying to kill everyone else, or hoping they die, we would have conquered the financial world by now.

There is always popular herding opinion, that is often not the best way to think, believe, and act.  A few minority experts always see this first, but how do you make it easy for them to help the entire herd to get educated, and change directions as fast as possible.

I think that in the near future, the Bitshares community will be faced with an existential issue.  If the herd does the right thing, instantly, they will survive, if they do the wrong thing (like Bitcoin is choosing to stay with POW) or if it takes too long to get all delegates to OK a change, we will die, or be significantly hurt, compared to what could be.  You can already see this today - inability to get the entire herd to see the best rules to make for BitUSD and all that.  Sure, THE bytemaster is the world's most brilliant person with all this, but we could do so much better, if everyone could communicate concisely and quantitatively.  We need a quantitatively measurable way to determine what the experts believe is best.  Like is possible at Canonizer.com, we could be progressing so much faster, without THE bytemaster bottleneck.  We all need to be able to perform at his level, if we really want to change direction fast as a huge herd, without having lots of splitters. diluting or forking things.

Of course,  your idea of "the right thing" may be very different from someone else's idea of "the right thing".  You say "we could do so much better, if everyone could communicate concisely and quantitatively" but...EVERYONE CAN'T.  It would also be nice if I were wealthy and didn't have to work anymore but...I'M NOT so it's not Christmas everyday after all and people have to use their best judgement and rely on others expertise.  Bottom line, everyone won't agree on everything so I don't think that's a reasonable expectation.  Seems to me BM takes as much input as he can given the constraints and makes his best decision. 

Regarding the dilution, splitters and forking, I don't think you can do too much about that unless someone gets a huge investment behind them and can be big enough to be the loudest voice and push the agenda.  Kinda like how bitcoin is now.  We are the straying cats to bitcoin as the current "establishment" crypto currency.  After all, it's open source and smart people who think they have a better idea will try to make a go of it.  I do agree that it can make for a confusing marketplace and decentralized decision making is not always pretty :).

327
...The majority of delegates will want to jump off the cliff, and only a few will be trying to do the right thing and change directions faster...

I'm not sure what you mean by this?

328
but if you make a profit from it you need to pay tax ... better clear this out with your local gov first

I'm not an attorney or tax expert, :), but I think it's only when you convert it to fiat that taxes are due.  Like stocks.

329
General Discussion / Re: BitShares X needs an awesome hook...
« on: September 11, 2014, 12:25:06 pm »
"The Greatest Financial Experiment Since Bitcoin"

That is pretty good.

I like it as well.  Has a lot of unsaid (soft sell) expectations that it implies.  It doesn't screem "Get Rich!" and in fact on it's face it's almost a neutral message but I think it gets translated internally as a great financial opportunity.

330
General Discussion / Re: SPAM - A cost of success
« on: September 11, 2014, 11:26:18 am »
I've faced this many times.  Need Captcha on registration, enough active moderators and the ability to do IP bans as a last resort.

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