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Wouldn't it make sense two say one bips is one "two billionth" of a share so it doesn't confuse people that they send 2 BTSX but 1 BIPS?
A BIP is one billionth of the current share supply
I think we should also stress that everybody is earning in Bitshares. The current perception is that block producers earn in BTS, like in any other. But in this case the others besides Delegates earn too; they just get paid a bit extra for their trouble.All these the little joe not getting his share in PoS due to having a small stake doesn't work here. You earn proportional to what you have, regardless of how much. In future we might have wallets which shows balance as a fraction (multiplied by a huge number) and users will be excited to see the balance grow.
QuoteBitshares uses a limited PoS system which adds unnecessary centralization to a PoS schemeThis is very biased... I suggest we edit it out and link to the article we have under development on our forum regarding the implicit centralization and the marginal utility argument.
Bitshares uses a limited PoS system which adds unnecessary centralization to a PoS scheme
I learned more about bitshares on the overstock website then I ever did sifting through bitshares forums. Weird.
I learned more about bitshares on the overstock website then I ever did sifting through bitshares forums. Weird.EDIT: This was not a good way to say this. I'm working on not being so blunt. What I meant to say was that the information is easier to access on their website.
Quote from: Berzerk on August 03, 2014, 09:22:48 amIt's not NXT marketing. It's my own. Sorry, but I'm from Germany and I can't speak English that well. That doesn't hinder me from doing my best in helping Overstock to choose the best cryptocurrency. I have a question to all: Is Bitshares-X decentralized or distributed?I think you did a great job with that article!In contrast to many of the other cryptos out there I think NXT and BitShares are the two projects that can afford to be completely honest and transparent about their strength and weaknesses. Daniel Larimer, core developer of BitShares, has several times noted that (aside from BitShares) NXT has the best designed 2.0 chain.I'll list the topics here and fill in what I know (and send it to you..) and leave the rest blank for other people on this forum to help fill in over time. btw, does anyone know what "BTC compatible" means yet?
It's not NXT marketing. It's my own. Sorry, but I'm from Germany and I can't speak English that well. That doesn't hinder me from doing my best in helping Overstock to choose the best cryptocurrency. I have a question to all: Is Bitshares-X decentralized or distributed?
Quote from: Berzerk on August 03, 2014, 09:31:16 amQuote from: delulo on August 03, 2014, 09:28:26 amQuotedecentralized or distributedWhat would be your definition of those two?Decentralized vs Distributed Btw. Are you one of the amani kinderdorf supporters?Based on what I see I would say NXT and Bitcoin are distributed. There is or was no consensus network that was decentralized in the sense of the "decentralized" animation. Also you have to distinguish between the distribution of nodes on the one side and how the voting power (mining/forging) is distributed on the other side. The latter is the difficult and critical part. Both of the animations are supposed to show the first though because voting power is more centralized with a few powerful miners/forgers with Bitcoin and NXT. It is not possible to answer your question easily. You may want to read https://nxtforum.org/general-discussion/nxt-pos-vs-bitshares-dpos/ (I tried to come to a neutral assessment here without saying or even implying what the best system is - just listing ad/disadvantages) and draw your own conclusions. I just thought the amani project would be a nice way to make use of the tipping culture... No official link...
Quote from: delulo on August 03, 2014, 09:28:26 amQuotedecentralized or distributedWhat would be your definition of those two?Decentralized vs Distributed Btw. Are you one of the amani kinderdorf supporters?
Quotedecentralized or distributedWhat would be your definition of those two?
decentralized or distributed
Quote from: CLains on August 02, 2014, 04:09:50 pmhttp://blog.maxkordek.com/best-platform-to-issue-a-cryptosecurity/NXT released this article to power down CounterpartySo that's NXT's marketing? They get one whole paragraph from a guy who can't even do a spell and grammar check. Ha ha ha.
http://blog.maxkordek.com/best-platform-to-issue-a-cryptosecurity/NXT released this article to power down Counterparty
It was a thought overstock would consider bitshares as an option through the CEOs words back in january. Now we have a market developing that could sustain ventures beyond our wildest imagination. https://bitsharestalk.org/index.php?topic=2115.0
Dinner with kevin harrington tonight among others.
Forgive the cynicism, but this article barely mentions bitshares and when it does it does almost as an afterthought. Counterparty, on the other hand....wow, they zergged the shit out of that article. That includes the author. How can bitshares always take a back seat to these inferior products? Dont get me wrong...I own some of all of them, but NXT is the only platform that gets close to comparing.
Quote from: Riverhead on July 30, 2014, 09:29:50 pmThere's another thread where Stan talks about he and Dan down in St. Barts Martin meeting with some heavy weights from the marketing field. Plans are brewing. I'll post the link if I can find that thread again.https://bitsharestalk.org/index.php?topic=6380.msg85432#msg85432Dinner with kevin harrington tonight among others. Sent from my iPhone using Tapatalk
There's another thread where Stan talks about he and Dan down in St. Barts Martin meeting with some heavy weights from the marketing field. Plans are brewing. I'll post the link if I can find that thread again.https://bitsharestalk.org/index.php?topic=6380.msg85432#msg85432
Good prominent mention, however I think o.info is user content just like Wikipedia in which case all of the above is purely a speculation that O will consider BitShares to incorporate those plans.That said, if big players get behind the idea, the risk climate will completely change. History shows that regulators like to regulate in favor of what big powerful players do.
Came across this item on wired.com that mentions BitShares "Overstock’s Radical Plan to Reinvent the Stock Market With Bitcoin"And the original webpage at o.info by Overstock ... "How to issue a crypto security"