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Isn't it possible that new money did come into these projects but once those positions have been gained, the momentum fades because the markets are not yet deep enough?
If he issues a uia what is stopping a non Brit from acquiring the assets? Even if he only sells them to Brits initially, those buyers can easily sell them to anyone on the asset exchange.I think the UIA can be set to only allow ID authenticated users to control their asset, so maybe the market will stop sellers from trading their UIA to an unregistered account
My understanding of how DAC's and UIA's would work in conjunction with CryptoMate is rather limited, so if anyone could give me a layman terms run down of it would work that would really cool.Welcome!
Great news.
Is it an already established exchange or a startup that has launched to focus on BitShares ?
Existing exchange looking to gain an edge in the market to attract users.
We were sold a false bill of goods as kids and are taught to be timid. Childhood books and movies even reinforce this. In reality, Cinderella would die of old age if she sat around waiting for Prince Charming to magically show up at her house and ask her out. What are you waiting for? You have to go out and find your Prince Charming or at least put yourself in a place where he might show up and ask.
Read more: http://www.entrepreneur.com/article/239895#ixzz3bNjXPvE0
Starspirit,
I am not really concerned about merchants so much as payment processors. Most merchants will not be setting up their own node on the network to accept payment directly, instead they will go through a 3rd party. More importantly, most merchants will not *directly* accept crypto, instead they will accept USD through a service provider that hides all cryptos, including BitUSD from them. In the case of most non-stable crypto's, the payment processors simply hide the fee in the "exchange rate".
So the person I am really catering to is the middle man.
Early adopters of crypto use it because of properties other than price. Most "crypto-consumers" wouldn't mind paying a fee to buy something with crypto, after all they would be paying a fee to exit to fiat anyway.
Traders don't care about anything other than "free market pricing" and "stable rules". For them a premium doesn't matter because it all comes out in the end.
I reject the notion that we can establish a peg with 0 premium and 0 volatility in the premium and those seeking this perfection are seeking the impossible. Supply and Demand are constantly changing along with market perception of the valuation of BitShares.
Lets take a "perfect" and "balanced" system of a simple prediction market that settles once per year at a "perfectly fair" price. In this prediction market both sides have the exact same liquidity and expectation of profit. Any deviations from the value of $1.00 is a profit opportunity for both parties.
Under such a system what is the "volatility" of the premium? It is proportional to the holding cost until settlement combined with the demand for leverage on BTS. I would expect a range around $1.00 that could be off by over 10% at times. So even with guaranteed settlement at a fair price on a specific date in the future you do not get an asset that is always worth $1.00 with a stable premium. The best we can do is get an asset that is approximately worth $1.00 and the volatility in the premium is beyond our control.
If the premium is persistently biased by a certain minimum amount then the market will end up adjusting prices to account for that bias. This "constant bias" can be relatively stable and can be removed by adjusting the feed.
Is there a ELI5 on all the different ways to vote?
I'm not sure what all the thumbs up and thumbs down mean, and what 'As my Delegates Recommend' means when sending a transaction.
To vote, the client needs to be made aware of which delegates you wish to vote for and then a transaction must be made (to yourself) for the vote to be counted.
Using the console:
Open the client and enter password.
Go to top right of the window and click the drop down arrow next to your account name.
Click advanced.
Click console (top left).
To approve the delegate "Chronos", type "approve chronos 1" and press enter.
The console should read-out a messageQuote>> approve chronos 1
{
"index": ###,
"name": "chronos",
"approval": 1,
"custom_data": {}
}
Is there an easier way to do this?
I've tried using the thumbs up/down before but I've never been able to tell if it actually voted correctly.
>> approve chronos 1
{
"index": ###,
"name": "chronos",
"approval": 1,
"custom_data": {}
}
