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Is Nushares connected with Bitshares in anyway?
Quote from: Ander on November 23, 2015, 06:04:06 amQuote from: rgcrypto on November 23, 2015, 12:21:17 amQuote from: Empirical1.2 on November 23, 2015, 12:13:23 amQuote from: sittingduck on November 22, 2015, 10:33:23 pmBuy backs are irresponsible for young businesses.BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.) Quote from: bytemaster on November 19, 2015, 09:02:11 pmWe are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business. (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. ) The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment. I am in favor on BTS buyback for 2 reasons. For one, people may be feeling better paying 0.1 BTS in fees than 40BTS. That's just psychological. Secondly, it makes current shareholders happy. Finally, for marketing purposes it can else increase exposure.I have yet to look at the downside.Buybacks are awesome. The thing is that you need money for buybacks. Here in BTS land, everyone is completely broke.NSR on the other hand apparently has shit tons of cash and is giving it away like candy. I am really sad that I only got about 2.5 btc worth of NSR for decent prices (sub 1500) this weekend before it shot up again. The buywalls is even larger this week, its crazy. what are you talking about? Buybacks We here at BTS do not believe in buybacks - we believe in: - inflating the BTS - it is called blockchain self funding, mind you - generally we take the inflated amount and dump it on the already thin market!- taking the money and providing no warranty on the product - if something is broken we do not care, we are still great devs and we did not promise it will work.- keeping the intellectual rights, so we can sell it to someone else.- solid economic reasoning - if we do not milk the BTS, somebody else will.
Quote from: rgcrypto on November 23, 2015, 12:21:17 amQuote from: Empirical1.2 on November 23, 2015, 12:13:23 amQuote from: sittingduck on November 22, 2015, 10:33:23 pmBuy backs are irresponsible for young businesses.BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.) Quote from: bytemaster on November 19, 2015, 09:02:11 pmWe are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business. (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. ) The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment. I am in favor on BTS buyback for 2 reasons. For one, people may be feeling better paying 0.1 BTS in fees than 40BTS. That's just psychological. Secondly, it makes current shareholders happy. Finally, for marketing purposes it can else increase exposure.I have yet to look at the downside.Buybacks are awesome. The thing is that you need money for buybacks. Here in BTS land, everyone is completely broke.NSR on the other hand apparently has shit tons of cash and is giving it away like candy. I am really sad that I only got about 2.5 btc worth of NSR for decent prices (sub 1500) this weekend before it shot up again. The buywalls is even larger this week, its crazy.
Quote from: Empirical1.2 on November 23, 2015, 12:13:23 amQuote from: sittingduck on November 22, 2015, 10:33:23 pmBuy backs are irresponsible for young businesses.BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.) Quote from: bytemaster on November 19, 2015, 09:02:11 pmWe are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business. (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. ) The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment. I am in favor on BTS buyback for 2 reasons. For one, people may be feeling better paying 0.1 BTS in fees than 40BTS. That's just psychological. Secondly, it makes current shareholders happy. Finally, for marketing purposes it can else increase exposure.I have yet to look at the downside.
Quote from: sittingduck on November 22, 2015, 10:33:23 pmBuy backs are irresponsible for young businesses.BM made an important point when he stated the difference between decentralized and centralized businesses is that centralized structures were more often trusted and legal. This also has implications for shareholders and how they value a decentralized business. (They are less trusted and there is less legal fall-back.) Quote from: bytemaster on November 19, 2015, 09:02:11 pmWe are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal. Limited buybacks & dividends are a great way of increasing confidence among shareholders in a young decentralized business. (As opposed to concerns over constant dilution/conflicts of interest/overcharging/CNX piggy-bank/14 month share decline - leading some to question if there will ever be profits and if there are will CNX just find a way to divert them to 'development' for the foreseeable future. ) The second benefit to buybacks for a decentralized business at this point in time is a marketing one. There is a limited amount of capital looking to invest in this area and a lot of competitors. Rising in the rankings is a great way to gain increased exposure, attention & as a result potential investment.
Buy backs are irresponsible for young businesses.
We are put in a situation of competing head-to-head with centralized exchanges which are trusted, fast, and legal.
We hope NuShareholders are excited about the prospect of finally beginning their ascent up the rankings of coinmarketcap.com. While past performance is no guarantee of future performance, if several more lucrative buyback weeks occur NuShares could potentially vault into the #1 cryptoequity slot in the world above BitShares.[/b]
Quote from: lil_jay890 on November 20, 2015, 02:37:15 pmQuote from: merockstar on November 20, 2015, 02:31:12 pmI'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know......and here starts another rush of crypto traders sloshing to the next get rich quick, to the moon investment. Crypto guys are really really good at buying high and selling low.Negative. Although I've been tempted recently, I don't really day-trade. I try to buy and hold for as long as I can until shit like Obits and METAFEES causes me to break into my funds. If I put any significant (to me) amount in it, it would be for the long haul.But thank you for the reminder that the price is high right now.
Quote from: merockstar on November 20, 2015, 02:31:12 pmI'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know......and here starts another rush of crypto traders sloshing to the next get rich quick, to the moon investment. Crypto guys are really really good at buying high and selling low.
I'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know...
We hope NuShareholders are excited about the prospect of finally beginning their ascent up the rankings of coinmarketcap.com. While past performance is no guarantee of future performance, if several more lucrative buyback weeks occur NuShares could potentially vault into the #1 cryptoequity slot in the world above BitShares.
Any tips on deciding where to start if you don't have enough to spread your investments out like that?Obviously I want to keep the bulk of my funds in the Bitcoin/Bitshares/Peercoin that I actually give a crap about. Other than those though, I figure if I scrape all my crapcoins together I might be able to muster enough to play with.Ander, do you mind if I ask how much you had to put into nuShares to score that free bitcoin of yours? Just curious but I understand if you don't want to share that info.I'm honestly starting to wonder if I should give nuShares a second look as something I might be able to actually care about. I got all huffy and puffy and withdrew all support from that project because they did their crowdfund closed. But if they're actually going to be burning shares on a consistent basis... man... I don't know...
Quote from: Ander on November 20, 2015, 08:10:55 amList of altcoins I have lost on, in satoshi terms:LitecoinBitshareshow not to lose money trading altcoins : don't cash out until you're up. =)
List of altcoins I have lost on, in satoshi terms:LitecoinBitshares
Quote from: Ander on November 20, 2015, 01:45:19 amQuote from: Empirical1.2 on November 20, 2015, 01:25:32 amQuote from: Ander on November 20, 2015, 12:41:19 amThe NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.So beautiful.Cant wait for next week.Yeah I front ran it too My orders on both bter and polo were almost perfectly placed, they both got almost but not quite fully executed, and the final order bought by the buybacks was part of my order on both. A bit of last minute front running caused me to not sell 100% but thats okay. I have a little free NSR now.I do worry that this is going to get a lot harder and riskier to pull off in the future however. At this higher price level there are a lot more sell orders appearing and people trying to shove orders in front of each other to get bought by the buy wlal.One of these weeks some whale is just going to dump into the buywall and crash the price, and then everyone who bought some hoping to sell it into the repurchase will get destroyed.Thank you for pointing this out.I was going, "man, I wish I was good at trading like Ander."then this reminded me that my buy and hold strategy is the safest for somebody with long term faith in crypto.
Quote from: Empirical1.2 on November 20, 2015, 01:25:32 amQuote from: Ander on November 20, 2015, 12:41:19 amThe NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.So beautiful.Cant wait for next week.Yeah I front ran it too My orders on both bter and polo were almost perfectly placed, they both got almost but not quite fully executed, and the final order bought by the buybacks was part of my order on both. A bit of last minute front running caused me to not sell 100% but thats okay. I have a little free NSR now.I do worry that this is going to get a lot harder and riskier to pull off in the future however. At this higher price level there are a lot more sell orders appearing and people trying to shove orders in front of each other to get bought by the buy wlal.One of these weeks some whale is just going to dump into the buywall and crash the price, and then everyone who bought some hoping to sell it into the repurchase will get destroyed.
Quote from: Ander on November 20, 2015, 12:41:19 amThe NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.So beautiful.Cant wait for next week.Yeah I front ran it too
The NSR buyback just bought into my sell orders and gave me profits on all the NSR I bought this week.So beautiful.Cant wait for next week.
Quote from: Ander on November 20, 2015, 12:51:01 amWonder what I should put this free 1+ BTC profit into. Maybe burst. That daily moving average crossover looks yummy, after its been in a downtrend for almost a year and finally looks like it could be breaking it.Qora. Big news by end of December I hear.
Wonder what I should put this free 1+ BTC profit into. Maybe burst. That daily moving average crossover looks yummy, after its been in a downtrend for almost a year and finally looks like it could be breaking it.
Their trading volume is non existant!
As of August 2015 there are approximately 835,000,000 NSR and this supply will increase at a rate of approximately 2% per year. The supply increases as Proof-of-Stake minting rewards are given to active individual minters. The current reward per block is 40 NuShares. The current block spacing time is approximately one minute.
With that in mind, we are well prepared to handle any sudden sell volume with more than 500 BTC in tier 4, park rates that have been at zero for many months, and the possibility of tapping our market cap at a higher level than has been the case in many months..
Quote from: Empirical1.2 on November 13, 2015, 09:15:31 pmQuote from: Shentist on November 13, 2015, 09:10:49 pm250% in which currency?is it not a little bit higher then 100% in USDand in BTC it is less then 100%http://coinmarketcap.com/assets/nushares/#chartsYeah, my mistake, it's 150%. On September 26th before their buybacks started they were at $1.53 million and today they are $3.8 million. So a 150% increase.to be fair. with 100 BTC you will not move the BTS price so much.
Quote from: Shentist on November 13, 2015, 09:10:49 pm250% in which currency?is it not a little bit higher then 100% in USDand in BTC it is less then 100%http://coinmarketcap.com/assets/nushares/#chartsYeah, my mistake, it's 150%. On September 26th before their buybacks started they were at $1.53 million and today they are $3.8 million. So a 150% increase.
250% in which currency?is it not a little bit higher then 100% in USDand in BTC it is less then 100%http://coinmarketcap.com/assets/nushares/#charts
Empirical, we have discussed it before. Dan's stance on the burning vs returning fees to the BTS pool makes little to no sense:"Well we are making sure we never run out of funds for development, so we put them back in the fund". It is true Dan but burning the funds is effectively a buy back which in theory as well as in practice leads to appreciation of the stock price... So if we burn them (aka buy them back) the price will go to say $1 per BTS.... are you gonna run out of funds with $700Mil to spend? And that's all without the additional benefits of increasing BTS price.
$409,811 have been distributed as dividends2 over the last year, most of which was as BlockShares. Given the current NuShare market cap of $1,628,335, that is a stunning 25.17% dividend yield.No one can say for sure whether there will be dividends in the future, but shareholders will make that decision directly. It depends on whether there are additional distributions for new Peershares like B&C Exchange, whether Nu is successful, and whether shareholders choose to use excess funds for development, share buyback or dividends. Right now they are being used for development and there is a new motion currently being voted on that would conduct share buybacks. It is unclear at the moment whether that will pass, but I suspect it will.It is unclear whether shareholders will choose to have future excess funds used only for share buybacks or a combination of buybacks and dividends.