BitShares Whitepaper(s)

[tbone]

Again, fantastic paper.  I just reread the abstract and would suggest some edits for improvement. 

With edits:

Abstract—Since the time Satoshi Nakamoto released his
whitepaper and corresponding software for bitcoin, the
cryptocurrency ecosystem has grown rapidly. Anyone can
now transfer value without unnecessary middlemen, banks,
or counterparty risk. With the blockchain and consensus
technology established and proven stable, the question has
arisen whether this technology could be applied to allow
trading of multiple assets without the need for a broker or
central entity. The aim of BitShares 2.0 is to evolve the term
decentralized exchange (DEX) and not only provide trading
of assets but also offer classical financial instruments on
the blockchain. Two of these instruments — market pegged
assets and user-issued assets — are discussed here.


Original:

Abstract—Ever since Satoshi Nakamoto released his whitepaper
and corresponding software for bitcoin, the cryptocurrency
ecosystem grew rapidly. Bitcoin created an ecosystem
which everybody could use to transfer value without unnecessary
middlemen, banks or counterparty risk. Having the
blockchain and consensus technology established and proven
stable, the question arose whether this technology could be
applied to allow trading of multiple assets without the need
for a broker or central entity. The aim of BitShares 2.0 is to
evolve the term decentralized exchange (DEX) and not only
provide trading of assets but also offer classical financial
instruments on the blockchain. Two of these instruments —
market pegged assets and user-issued assets — are discussed
here.

[jakub]

This is a very powerful conclusion (page 9):

You  could  easily  implement  a  centralized payment solution on top of the decentralized BitShares network and  mimic  the  business  model  of  Dwolla  and  Paypal.

It basically means that we outperform our major competitor in terms of efficiency and risk reduction and at the same time we are able to encompass their business model.
This is a really powerful message.
Well done, xeroc, for pointing it out.

[wackou]

Very well written & much needed

indeed, that was a great read. Xeroc, you rock!

[xeroc]

There are small typos / grammatical errors on page 4:

At the moment of creation, the position of the shorter has not changed at all because he can directly cover his own short position using the bitUSD to gaining back his BTS used as collateral.

At the moment of creation, the position of the shorter has not changed at all because he can directly cover his own short position using the bitUSD to gain back his BTS used as collateral.

In the case the short seller sold the smartcoins he is required to purchased them back from the market.

In the case the short seller has sold the smartcoins, he is required to purchase them back from the market.

fixed .. gonna be included on the next release ..
Haven't decided on a "release cycle" yet .. I have some more corrections incoming ..

[jakub]

There are small typos / grammatical errors on page 4:

At the moment of creation, the position of the shorter has not changed at all because he can directly cover his own short position using the bitUSD to gaining back his BTS used as collateral.

At the moment of creation, the position of the shorter has not changed at all because he can directly cover his own short position using the bitUSD to gain back his BTS used as collateral.

In the case the short seller sold the smartcoins he is required to purchased them back from the market.

In the case the short seller has sold the smartcoins, he is required to purchase them back from the market.

[carpet ride]

http://bytemaster.github.io/article/2014/12/31/Stable-Crypto-Currencies-are-Impossible/

such a classic! 

[Riverhead]

Excellent work!!

[cass]

http://bytemaster.github.io/article/2014/12/31/Stable-Crypto-Currencies-are-Impossible/

[carpet ride]

Hey xeroc,   Where can we find this bytemaster post? Link in the references seems to be broken

D. Larimer, “Stable currencies are impractical and undesirable,” http://bytemaster.github.io/article/2014/12/ 31/Stable-Crypto-Currencies-are-Impossible/.

[roadscape]

Very well written & much needed

[CLains]

Looks great!

[xeroc]

Great work @xeroc! +5
Can't wait to read it!
Just curious, has this been proof read and vetted before publishing? So many critics out there when it comes to whitepapers.

Yes .. it has .. IIRC it has been read by Delulo, Thom, Cass, Dan, Jenn, Cob and maybe also Stan ..

[emailtooaj]

Great work @xeroc! +5
Can't wait to read it!
Just curious, has this been proof read and vetted before publishing? So many critics out there when it comes to whitepapers.

[cube]

It feels like a research paper to me. 

[tbone]

This is VERY impressive, Xeroc!  There are people who would never use Bitshares - let alone build a business atop it - without being able to read a document like this first, so I can't wait to share it.  My only concern at this point is that the DEX itself remains unfinished and isn't nearly as presentable as this whitepaper.  Specifically, the trading interface itself is "buried", there is no market history (how is this possible?), charts need a lot of work, etc, and I'm not seeing any indication that these items are a priority.   <sigh>