Quote from: btswildpig on January 01, 2015, 07:36:21 am

Quote from: donkeypong on January 01, 2015, 03:32:43 am

I'm thinking (hoping) that once they fix the vote function on the new client, voting changes will occur with more speed. It's kind of embarrassing that this takes so long to vote in a delegate like this, but just like Matt608, you will accumulate enough votes over time. Please vote for this guy!

I was helping out with a guy who lost all his balance after voting .
It finally got out , but it was really scary for him .

That always scares me whenever I vote. 'Please come back, please come back...'

We definitely need to vote el mato in though. I don't like getting my stake out of storage frequently though either, not that I'm voting with much. I will vote for el mato though!

This is so true. Visually seeing your balance disappear and waiting for you balance to come back can be gut wrenching.

Quote from: Gentso1 on January 02, 2015, 09:57:18 pm

It's actually pronounced ME-ME.

I can't tell if you are joking around.

https://www.google.com/search?q=define+meme

lol Yea I am joking, in mumble today while we were talking someone called it a me me.......

Great news. Have you partnered with a bank yet? If yes which one and will they allow deposits from customers anywhere in the world?

Thanks Gentso1! We cannot disclose any details for now. We are in process of getting a partner on board in Europe, it will require some time for them understand all the risk.
[/quote]

Last part in the above is how he responded to my question

I'm sorry but you guys are like old guys trying to be hip so they can sell products to teens.

Memes are a complex emergent social phenomenon, putting text on a picture doesn't make a meme

Sent from my SCH-I535 using Tapatalk

I am a older, but not old.

I know I am not hip, just ask my wife.

It's actually pronounced ME-ME.

So because I am older I have decided the only way to stay ahead of the curve is to start the  phenomenon......Thats how you me-me like a boss

Hi and welcome!

Aren't the following two statements contradictions:

Quote

Have On/Off ramp with EUR

Quote

Right now we are not working with fiat currencies. It is in process now but we don’t want to disclose details about it before its done.

In fairness he did say that it was a short term goal for the on/off ramp

I think  everything Op has said is great and we should support their team with a delegate or 2 IF/WHEN

They have sealed the deal and are working with a bank......Once they get the green light from the bank THEN all that development needs to happen not the other way around.

Just to get it right! You're proposal 3x100% delegate to accomplish this mission!?

Looks like only 2 to me?

at least we got some publicity.

Quote from: Gentso1 on January 01, 2015, 05:43:48 pm

Quote from: bytemaster on January 01, 2015, 04:25:18 pm

Right now the code will simply result in a negative USD supply with no collateral.   The fall would have to be very sudden and long-lasting.   A slow fall is not a concern.

We should focus on gateways + IOUs  so the exchange has no risk.

Ok. I have  looked over your document herehttps://docs.google.com/document/d/1S-tqmfGhxS3Myy83IvZfffoYDwc5kIv1n7GhXYq937I/edit

So under such a event because of using IOU's the exchange could:

Choose not to honor IOU's
Stop trading until event is over


Am I missing any other option's a exchange might have during this kind of event?

If the only thing the exchange is doing is gateway+IOU then "the event" is not applicable. It just doesn't affect them if they never touch bitassets.

Maybe I am off base but the exchange is issuing IOU's based on market pegged assets it receives.

Example

I send 100bitUSD to XYZ exchange.
XYZ Issues me XYZUSD its very own UIA.
XYZ likes to use its own UIA for the reasons stated above.
I go about trading XYZUSD on the XYZ's external exchange
The price of BTS suddenly and sharply falls
XYZ has the 100bitUSD I traded to them for their XYZUSD so that I can trade on their external exchange.


"A BitShares gateway does the exact same process, the only difference is that the database that tracks the users’ deposits to the exchange is the BitSharesBiItShares blockchain.   When a user transfers fiat dollars or bitcoin to a gateway, the gateway responds by tranIsferring an IOU asset issued by the gateway back to the user.    When the user returns the IOU to the gateway the gateway sends fiat dollars or bitcoin back to the user."

If I understand the above correctly XYZ is holding bit(fill in the blank) MPA's and issuing their UIA's. The exchange has more control because it can stop trading or choose not to honor their UIA but they are still exposed because they have the bit(fill in the blank).

So my question I guess becomes How sudden of a fall and how long of a drop?