Like I said, it takes time to get 250 btc from fiat into btc. I said it once. Stop bringing it up take your tampons out and focus on what matters kid. I'll let you all know when I put it up.

THIS ARTICLE MENTIONS BITSHARES. I HAVE NEVER SEEN BTS MENTIONED ON FORBES.

http://www.forbes.com/sites/rogeraitken/2015/09/16/bitcoin-exchange-ccedk-set-to-unveil-groundbreaking-crypto-platform-at-global-money-summit/

**YAWN** 250 BTC is negligent for BTS compared to what we saw last year.

Quote from: topcandle on September 09, 2015, 04:06:57 am

Quote from: Ander on September 08, 2015, 09:13:57 pm

The fantasizing is strong in this thread.

What happens when everyone hoping that the release will bring them a price rise all try to sell at once after it occurs?  Or if the price rise never materializes, and everyone starts getting worried?

Not a single person so far has guess that the price will be at or below the current price.  Only a couple people have even been close to the current price level.

So your bearish on BTS overall?

Not at all. I am merely noting everyone's overconfidence.

What's your market cap level?

Ideas are dime in a dozen.  Execution is a whole other matter. 

My bad guys-- I jumped mid-way into the conversation.  Didn't realize this was talking about a Privatized Nubits on the BTS network....

https://www.ccedk.com/bitusd-usd
There are over $10,000 in buy orders above $1.01.  As long as that's the case, a custodian trying to keep a peg with any kind of reasonable spread would drown.  Why aren't those people cashing in for 24 hours later at 1% gains?  That pair is highly unlikely to experience that kind of volume in a 24 hour period.  Forgive my ignorance of how bitUSD works.

Also, the 'it' i was referring to when saying it wouldn't work was an NBT/BitUSD shareholder supported peg.  I wasn't saying your entire cryptosystem doesn't work, as y'all are clearly still here.

Oh I gotcha.  Well Bitusd is not implemented yet, so I'm taking a glancing guess that those buy orders will stay above 1.01 in Bitshares 2.0.  The custodian will not have to maintain the spread.  People aren't cashing in for a 1% gain because they probably purchased it at a 1% cost.  So it would generally net out. 

Quote from: monsterer on September 07, 2015, 08:58:00 pm

value floor at 1 USD

Oh I see.  So you guys aren't even trying to keep BitUSD equal to a dollar then, just more than $1.  Yah, in that case it's an asymmetric peg and it wouldn't work properly.  There are ways to do it, but not efficiently with the current software.

If it doesn't work, then a Bitusd will do a forced settlement and get the pegged price 24 hours later.  Not sure why you say it won't work.  Sounds like you still need to do more digging before you reach this conclusion. 

Quote from: topcandle on September 02, 2015, 05:34:10 pm

Quote from: Ander on September 02, 2015, 05:27:12 pm

Quote from: topcandle on September 02, 2015, 05:22:51 pm

uhh.  It exists.  Its called Truthcoin and Augur.

And you think the Bitshares community isnt going to create their own competing versions of those?

Who's going to fund and develop it?  The better question is if Bitshares does create their own, how much of this will include a lopsided experimential period where Dan and Dev teams figures out what works and doesn't work.  Is it going to lead to another frantic and controversal merging?  Bitshares lacks prediction market advisors and expertise.  These guys are ahead in that category.

This answer assumes we will always operate in 1.0? In 2.0 there is nothing stopping even the boys from Augur coming to Bitshares with a worker proposal to integrate or introduce a version to BitShares. We vote, and in it goes. Why does it rely on Dan and team to be done?

Theory means nothing.  ALthough it feels good to say it will happen in theory, things don't materialize within the execution phase.  Execution is harder to achieve than theory. 

I think Augur team will be focused on creating value on their own pipeline.  They have a stake in improving Augur on Ethereum. Otherwise they will spread themselves thin. 

This is a good look from the past: Remember when Microsoft became exclusive for IBM machines?  Steve jobs felt betrayed by Bill Gates.  But how did that work out for Microsoft?  They turned into a operating software dynasty, while Apple floundered and nearly fell off the map,. 

According to Peter Thiel, all startups should strive for exclusivity and monopolization. 

uhh.  It exists.  Its called Truthcoin and Augur.