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Messages - bitmarley

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47
Is there a specific reason you say that?

In the video posted he mentions his expectations are that there will be several financial alt-currencies that should dominate due to their unique features which bitcoin cannot do, he even mentioned POS and also shorting bitcoin. BitShares is currently in the Top 5 so why shouldn't he consider BitShares in his personal portfolio? 

48
+100%
Brilliant. This is so important.

49
Andreas Antonoplous : The Future of Crypto-currencies - 2014 Texas
https://www.youtube.com/watch?v=9npQ5f74Nr4
Nice shirt Max ;)

Step 1. BitShares clients with Bitcoin wallet features
Step 2. BitShares clients with features for P2P exchange of BTC/BTS (via Delegate escrow https://bitsharestalk.org/index.php?topic=13274.0)
Step 3. We reach out to Andreas Antonoplous to fall in love with BitShares and become a 100% delegate 

;-) 

50
General Discussion / Privacy and HD Public Keys per Contact
« on: March 19, 2015, 04:18:45 am »
Perhaps Bitshares could include a feature to generate a special HD Public Key which they can provide to each unique contact to maintain privacy to generate an infinite number of target addresses for payments to you. That way your privacy is better maintained. Ninki calls this "Air-gapped Address Exchange".
http://ninki.ghost.io/2015/03/17/ninki-bitcoin-air-wallet/

Problem for bitcoiners is that all your contacts must have the Ninki wallet to get the features. It may be a long while before other wallets start to incorporate the feature. Since bitshares it just getting started it could be included in all wallets by default.

51
Thanks for your help. I don't have any available bitUSD as the only thing I have done is buy BTS and then short bitUSD. My question is can I control the price at which I cover using a limit order? I gather the current design only allows one to cover at the current feed price (aside from depositing extra funds and making a separate bitUSD limit buy).


52
Done my first short now when I press "Cover" under the Open Margin Orders section I see options for what appears to be a market order to cover.
But is there a way to cover with a limit order or will it force me to cover exactly at the current feed price?

53

With the current setup of Bitcoin, you would need to wait just above 100 confirmations to do secure ACCT (Atomic Cross Chain Trading). This would be 1 full round of all delegates for DPOS (about 15-20 minutes atm). These intervals don't make sense for trading. For ACCT to become viable for any chain (without waiting too much) you need a PBFT or PBFT-like real-time Consensus and Ordering Protocol (COP) on top of the main blockchain to make ACCT viable.

That, or the light client trading server does Paypal-like fraud detection and compensates counterparty risk accordingly with pretty high trading fees (anywhere from 0.5-4% of each transaction).

I presume you mean "with the current setup of Bitshares" not bitcoin.

Waiting 15-20 minutes for 1 full round of all delegates for DPOS is much better than depending upon a centralized exchange. Sure they don't make sense for day traders but no-one else has produced ACCT services yet so Bitshares with ACCT would today still win first mover status.

54
General Discussion / Re: If I short bitUSD will I maintain my BTS exposure?
« on: February 25, 2015, 03:39:58 am »
Great. Thanks a lot.

55
General Discussion / If I short bitUSD will I maintain my BTS exposure?
« on: February 25, 2015, 01:46:51 am »
I'm wondering how creating a new bitUSD short position will modify my BTS exposure if at all.
Can anyone perhaps describe this and if the outcome is variable what the matrix of possibilities looks like?
Thanks. 

56

He seems to be looking into adding Bitshares though...? https://bitcointalk.org/index.php?topic=946174.msg10558914#msg10558914


Yeah they will add bitshares for sure since its #4 at coinmarketcap.com. The issue for bitshares though is that a huge marketing opportunity could be missed. All this effort that is being spent on marketing yet the low hanging fruit of putting basic bitcoin wallet features into the bitshares client is still hanging. Also the first mover status in the crypto space is huge for marketing and having all the bitcoin/altcoiners jumping onto their atomic cross-chain trading(ACCT) bandwagon instead of bitshares would be a downer. Its not impossible to imagine that another alt-coin will come up with a viable bitUSD competitor and if the Mercury client wins the "smart wallet" race then BTS could become *completely* obsolete. This risk should be nipped in the bud asap.

In the latest bitshares.tv episode (https://www.youtube.com/watch?v=YWVlqz7Ejf8) Max also highlighted bitcoin wallet features and atomic cross-chain trading as the big touch-down for bitshares. Max is spot on! He predicts Q2 this year for delivery. But I am mildly concerned since I didn't hear the topic discussed yet in the bitshares hangouts (https://soundcloud.com/beyond-bitcoin-hangouts). Bytemaster said in the last hangout that BTER hack was terrible for bitshares price in the short term. Why should bitshares maintain dependencies that can damage the BTS price when it can stand alone without dependencies on external services as the ultimate "smart wallet" crypto-diversification tool? If I hear Bytemaster announce bitcoin wallet and ACCT features then I am buying more BTS. It will be so much easier to buy unlimited BTS when the client has these features. The bitshares community should not depend on shapeshift.io, Mercury or other bitcoin wallet providers. 

Going beyond bitcoin and ACCT features the bitshares delegate model is also capable of escrowing any kind of prediction trading! The Bitshares delegate model is the only existing blockchain that allows human brain crunching into the oracle scripting mix yet it isn't leveraging this capability yet. The client could support a tool for delegates and investors to aggregate "price feed" questions wherever there is enough demand to fuel liquidity. For example: "Who will win POTUS in 2016?". Anyway this is a much lower priority than bitcoin and ACCT features.   

BTW my view currently is Bytemaster and the bitshares developers are doing an awesome job and that is why I will continue to buy BTS on the dips. Awesome work guys delivering early and often! Absolutely love it! My comments regarding new feature suggestions for the client are meant only for adding fodder into the community head space - I'm just an investor and there are many aspects of bitshares development I don't understand.

57
IMO great project

https://bitcointalk.org/index.php?topic=946174.msg10552749#msg10552749

 +5%

Yeah this is a really great project. BTER getting hacked is just another reminder why we need trustless exchanges.

Its critical for bitshares users to have this functionality and it will directly compete with bitshares since both are "smart wallets" that enable diversification. I think they have a slight edge since they incorporate basic bitcoin wallet features (also for each alt-coin) so the bitcoin crowd has a easy access. Only by incorporating basic bitcoin wallet features and atomic cross-chain trading(ACCT) can bitshares dominate the "smart wallet" race.

Do you think that bitshares' potential method - using delegates to escrow atomic cross-chain trading - has advantages over Mercury's method?

58
"Mercury - The world's first trustless cryptocurrency exchange"

https://bitcointalk.org/index.php?topic=946174.0;all

Bitcoiners are getting excited about Mercury which is still in alpha. Bitshares can steal their thunder and attract bitcoin investors by adding atomic cross-chain trading features into the BTS client before they do. As mentioned here this is technically possible with bitshares. This would open a big decentralized gateway allowing the flow of unlimited bitcoins into bitshares.

Bitshares is well positioned to be the first and ultimate smart wallet. But Mercury appears to also be well positioned. We can request Mercury to include BTS and bitUSD but what if they include a bitUSD competitor instead? Are we at their mercy? Of course bitshares is still first mover on cfd type bitassets so it probably will be included. But winning the smart wallet race would be imho awesome for bitshares. Bitshares should be the world's first trustless cryptocurrency exchange.


59
Way too big of a distraction from the core feature set. I figure development efforts are better spent on:
1) Bitshares Projects tab where stakeholders instead of voting on delegates vote on project funding (lighthouse features) 
2) Bitcoin wallet features
3) Shapeshift exchange features

There is a race going on and distractions at the moment are detrimental. We know how important first movers are in this space. Whoever creates the first "smart wallet" which allows all kinds of diversification secured by crypto-p2p technology wins. Bitshares is currently winning this race but cannot afford distractions.

60
General Discussion / Re: BitGold only buy orders
« on: February 02, 2015, 11:57:27 pm »
I ended up shorting some to myself at price feed :)

I understand this will leave you with both a short and a long which in effect cancel each other out. So you may just be wasting fees and exposing yourself to margin call risks. Is there any reason why anybody would want to create shorts to buy themselves?


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