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Messages - btswildpig

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301
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 05:57:20 pm »
Something similar to bitmessage ..
But how would BTS ever be profitable then? We end up having a token that you can only use as collateral and has no other benefits .. am i missing something?

IMHO, being able to trade on a decentralized exchange is worth a small fee for transfers/orders etc .. but I can understand the issue people are having with it

charge UIA creation , etc for a higher fee .
one sale of UIA beats fee from 1000 traders .

302
General Discussion / Re: List of Blockchain Developing Companies
« on: January 17, 2016, 08:10:31 am »
There is www.blocktrades.us .. they were mentioned in the hangout.

We are coming on the scene strong soon also.. www.bunkerchainlabs.com
how is the datacenter business going

303
General Discussion / Re: Crowd Donations for Mike Hearn Hangout
« on: January 16, 2016, 09:57:48 am »
Meh.. https://bitcointalk.org/index.php?topic=333824.0
 I can't take this guy seriously since then

redlisting/blacklisting some bitcoins?  Is this a joke?

I cannot agree more with you.

I think any news is good bad news if you get Hearn on... but I also think it's better to reach out to the other side as well.  I think it's more important to get the broader Bitcoin community on board with Bitshares than create more divisiveness.  Hearn is already an outcast and even more so now.

Mike is working for R3 and the timing of his post with NYT article cast suspicions on his agenda.  If he has become an outcast with the bitcoin community, inviting him at this sensitive time is inviting bitcoiners' enmity.

i suspect he may opened a short position on bitcoin with high leverage before he post that thing .  :P

304
manner is very important .... pls calm down... Charles 's points make a lot of sense  ..  pay attention to what he said .... PTS was over 50 dollars while charles was with us .... +5% +5% +5% +5%

Oh, I can assure you that we DO see BitShares as a solution to Bitcoin's scaling problems. And its 1-hour confirmation times problems. And its governance problems. That's for starters. Amid the current controversies there, we have certainly used this as an opportunity to promote our solutions.

Two questions for you: First, if you don't see BitShares as part of the solution, then why do you bother posting here? Second, if you think BitShares and Etherum and other crypto-projects each offer something from which others can learn, perhaps puzzle pieces that fit together make up something greater, then why the hell don't you mention this in any of your writings?

If you want to bust bubble thinking, then how about helping your readers connect the dots just a bit?
really ?  50*6.2=300+ RMB . ...... The highest price for PTS was 200 RMB if I remembered correctly

305
Random Discussion / Re: Mike Hearn:Why has Bitcoin failed?
« on: January 15, 2016, 05:45:24 am »
If BTS had fiat on-ramps, I would spend $10,000 of my own money right now to buy ads proclaiming BitShares to be Bitcoin's successor. Without fiat on-ramps, the whole thing is irrelevant because we are stuck in Bitcoin's inferno.

i thought ccedk was a bts on-ramp ??

306
General Discussion / Re: Mt Gox > Cryptsy - Time for BTS?
« on: January 15, 2016, 05:23:59 am »
I lost 20 IQ points reading the Cryptsy blog excuses. Sounds like a time to reintroduce BitShares to the crypto community.

it will have the same problem if it's IOU trading .

307
Random Discussion / Re: Mike Hearn:Why has Bitcoin failed?
« on: January 15, 2016, 04:32:34 am »
What they're saying has been true so far. But that does not mean it will continue to be true. Some smart money backed Altavista and Betamax in the beginning, too, but in time the money moved toward the better products.

so when do you expect smart money move away from a useless object called "natural diamond" ? 

308
Random Discussion / Re: Mike Hearn:Why has Bitcoin failed?
« on: January 15, 2016, 04:29:37 am »
why has every negative prediction about Bitcoin failed , including "pow is waste" ? 

because ....  Bitcoin is not about transaction time , cost  , etc . It's about the price/marketcap . When the price is high enough , people will find solution to go around that .  Gold production is toxic to the environment , and human still support gold because the cost will also be enormous otherwise .

I'll say this . Bitcoin as a crypto may never fail , because it's a perfect object for capital . And capital always beats words and text and logical reasons .

(Woman pay high price for a handbag is weird and il-logical , but who cares ? capital already convinced  them they should have one . )

"Bitcoin has no future whilst it’s controlled by fewer than 10 people."

be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running  , or lack of liquidity .
It's a fun experiment . 


Soooo when it's about Bitshares, the core devs are a problem and nobody wants to be exposed. When it's about Bitcoin though, the core devs don't matter.. all the problems don't matter.. its perfect object for capital.. whatever that means.

you'll know what it means when BTS has 0.00001 second conformation time while people still choose to hold bitcoin regardless of how many flaw it has .

bitcoin devs don't matter because bitcoin's value was never coming from the development . It come from the capital .  The capital picked up a software/protocol and convinced people that's gold .

"Hot money follows hot investments until it doesn't"

What you are describing is the formation of a bubble... bubble can last for a long time, but they all end eventually.  Then that hot money has to search for a new bubble to blow (here's to hoping its BTS).

Not necessary about bubble .

same way they convinced you that a stone call diamond is the symbol for long last love .  (diamond is crap , small , useless in real world , and its production is bloody . more flaw than bitcoin ) .

And you can expect from a potentially long future , diamond will still be valuable  . 



309
Random Discussion / Re: Mike Hearn:Why has Bitcoin failed?
« on: January 15, 2016, 04:22:59 am »
why has every negative prediction about Bitcoin failed , including "pow is waste" ? 

because ....  Bitcoin is not about transaction time , cost  , etc . It's about the price/marketcap . When the price is high enough , people will find solution to go around that .  Gold production is toxic to the environment , and human still support gold because the cost will also be enormous otherwise .

I'll say this . Bitcoin as a crypto may never fail , because it's a perfect object for capital . And capital always beats words and text and logical reasons .

(Woman pay high price for a handbag is weird and il-logical , but who cares ? capital already convinced  them they should have one . )

"Bitcoin has no future whilst it’s controlled by fewer than 10 people."

be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running  , or lack of liquidity .
It's a fun experiment . 


Soooo when it's about Bitshares, the core devs are a problem and nobody wants to be exposed. When it's about Bitcoin though, the core devs don't matter.. all the problems don't matter.. its perfect object for capital.. whatever that means.

you'll know what it means when BTS has 0.00001 second conformation time while people still choose to hold bitcoin regardless of how many flaw it has .

bitcoin devs don't matter because bitcoin's value was never coming from the development . It come from the capital .  The capital picked up a software/protocol and convinced people that's gold .

same way they convinced you that a stone call diamond is the symbol for long last love .  (diamond is crap , small , useless in real world , and its production is bloody )

310
Random Discussion / Re: Mike Hearn:Why has Bitcoin failed?
« on: January 15, 2016, 01:40:11 am »
why has every negative prediction about Bitcoin failed , including "pow is waste" ? 

because ....  Bitcoin is not about transaction time , cost  , etc . It's about the price/marketcap . When the price is high enough , people will find solution to go around that .  Gold production is toxic to the environment , and human still support gold because the cost will also be enormous otherwise .

I'll say this . Bitcoin as a crypto may never fail , because it's a perfect object for capital . And capital always beats words and text and logical reasons .

(Woman pay high price for a handbag is weird and il-logical , but who cares ? capital already convinced  them they should have one . )

311
General Discussion / Re: I just sold all my Bitshares!
« on: January 15, 2016, 01:27:16 am »
Me too me too!

"I hereby state for the public record and to all tax collectors that I have sold 95% of all my cryptocurrency, at a huge loss, but don't worry, because I will not be claiming this loss on my taxes, and the other 5% of my crypto was lost in a boating accident (when my paper wallet got wet).

But I will still hang around here religiously because no other coin community is giving weekly updates that blow my mind every time."

actually there is .
there is a coin in China call horse coin ,give daily update , haha

312
General Discussion / Re: TCNY has been accepted by BTC38.
« on: January 14, 2016, 05:12:28 pm »
+5% Congrats 

I think there could be a good market for TCNY/TUSD this year?

CNY is 4% weaker vs. USD in the last 2-3 months.

If that trend continues a lot of Chinese people would really like exposure to TUSD?

be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running  , or lack of liquidity .
It's a fun experiment . 
I would rather expose myself to cold hard USD cash .

Except there's an annual limit of $50 000 which may go even lower if Yuan devaluation continues.

I don't know if you can view the link but there was an article last week that said that some people in China are even buying expensive .com domains as a way to move money from CNY to USD.

http://www.zerohedge.com/news/2016-01-05/heres-ultra-clever-way-chinese-are-circumventing-capital-controls

This is very complicated and risky in terms of getting value back. I think a good TUSD may be better by comparison.

Most Chinese people couldn't earn 50000 USD a year .

True. But the top 1% of Chinese households  (15-30 million people) have an average net worth of $1.6 million

If a lot of their wealth is in Yuan denominated assets (Property, Chinese Stocks, other...) they will want to move more than $50k into USD/other if the Yuan is rapidly depreciating.

and you think those rich folks have nothing better than a crypto platform that only has hundreds of real users to divest their wealth , including using other people's quota ?
that's what i mean about being practical . you can only attract those who you can afford to attract .

313
General Discussion / Re: TCNY has been accepted by BTC38.
« on: January 14, 2016, 02:59:23 pm »
+5% Congrats 

I think there could be a good market for TCNY/TUSD this year?

CNY is 4% weaker vs. USD in the last 2-3 months.

If that trend continues a lot of Chinese people would really like exposure to TUSD?

be practical . Not a lot of Chinese people will like to be exposed to a crypto token that's rely on several people(I'm referring to those who give people the impression that if they walk away and BTS will go to zero ) to keep it running  , or lack of liquidity .
It's a fun experiment . 
I would rather expose myself to cold hard USD cash .

Except there's an annual limit of $50 000 which may go even lower if Yuan devaluation continues.

I don't know if you can view the link but there was an article last week that said that some people in China are even buying expensive .com domains as a way to move money from CNY to USD.

http://www.zerohedge.com/news/2016-01-05/heres-ultra-clever-way-chinese-are-circumventing-capital-controls

This is very complicated and risky in terms of getting value back. I think a good TUSD may be better by comparison.

Most Chinese people couldn't earn 50000 USD a year .

314
General Discussion / Re: Trading prediction
« on: January 14, 2016, 04:46:32 am »



Whose idea was it to use the word dilution? Block Reward sounds much less sinister.

you need to buy a mining machine to get block reward . and risk a lot financially .  The buying pressure and selling pressure will be balanced in an amount of time . People produce new coins based on market movement . If the price is too low , they rather stop producing because it will lose money , hence new balance achieved .

But you just need to come up with a new big idea to get dilution . People product new coins simply based on how many they think they need at the market price they need . It's not economically balanced .


315
General Discussion / Trading prediction
« on: January 14, 2016, 03:30:30 am »
If there will not be a new low , then BTS will rise .  if the rise can go up as high as a certain pressure , it will go higher .

If there is a new low , then BTS will crash .

triangle theory . 

So dilution does matter a great deal at this point . because it will amplified by the triangle and start a chain reaction . 

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