Mark Im still trying to understand the details of how youre integrating with the BTS network.

Are you going to issue UIA assets on BitShares to represent your altcoin deposits, and then people will trade them either via your current website or via the BitShares wallet? Or are you completely moving over to the new BitShares web wallet (when its ready) and customizing it with your own brand etc?

And how exactly would you use the market pegged assets?

Sorry if this has been covered before somewhere.

Thanks Mark.

When the block reward halves, mining will instantly stop being economically viable for most of today's miners. Meaning the hashrate will drop seriously. Experience with certain altcoins (MMC2, PTS) shows that this can lead to a wildly oscillating difficulty, which makes the coin unusable.

Even if the difficulty adjustment happens smoothly, the reduced hashrate means that BTC becomes more vulnerable to a 51% attack, especially in view of the existing but unused mining hardware.

Also, I see no reason why the halving should lead to higher BTC prices. The reduced dilution does not alter the know hard cap of 21MBTC. Anyone who is betting on BTC will buy before the halving.

The eventual hard cap of 21M is not relevant, its the rate of new coins currently being sold that determines the price.

Even if there is a reduced hash rate, someone will still find a block even if it takes half a day. And Im pretty sure there will be a runup in price before the halving meaning it will be just as profitable to mine as before. Even if the difficulty does oscillate temporarily, the supply of new coins will dry up and thats what matters.

I just hope BitShares can earn some real revenue before June next year or we will get left behind.

One of the aims of BitShares is to create profitable decentralized companies that dont rely on subsidies and dont have the huge costs of mining.

Bitcoin right now has huge costs, but it could fix that with 1 software update. Bitcoin is unique in that its the only "company" in the world that could instantly reduce its own costs to ~0 thereby instantly become profitable. In fact its scheduled to halve its costs next May/June.

Given that most of the crypto world is ignoring us right now, if 2.0 doesnt fix that are we basically screwed? The halving is just round the corner which will reduce one the main reasons for BitShares existing by 50%. A lot of BitShares' trading volume is in Yuan, so we probably wont get a boost from Bitcoin's halving either.

Btw I think its better to show the buy limit clearly, without having to guess a limit in the BTC field first. Now that I typed "10" it appears in red underneath (Max 4.9), but why not show it automatically?

Whilst we are waiting for the BTS bond market:

Metaexchange is a great way to instantly get coins and take them to any other exchange to trade with. So why not allow users to post collateral in BTC to borrow altcoins to short sell them? Only issue is how to calculate how much collateral to require to control your risk. 2x collateral sounds reasonable to both sides.

If Voorhees announced this feature for shapeshift.io, it would be an instant hit. He could call it "Short some shitcoins at shapeshift!" I should copyright that.

And once the BTS bond market is running, maybe metaexchange could integrate that and operate as a frontend to the best blockchain loan offers.

That must be newmine right?

This should be under Random Discussion unless it has anything to do with BitShares.

Maybe some of the core BTC developers have finally agreed with BM on the merits of DPoS. That would certainly merit a lot of eyeballs and controversy.