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Messages - Stan

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166
Technical Support / Re: BitSharesX
« on: April 30, 2017, 06:49:36 pm »
Ok I figured it out. For the benefit of others - As far as I can tell, BitSharesX were renamed to just BitShares, so they are effectively the same thing.

Further complicating things, Bitshares 1.0 (which is what BitSharesX became) was upgraded to BitShares 2.0 and Wallet files are incompatible - looks like it is a whole new blockchain in fact.

My issue was that my backups were from 0.4.27.2 which is incompatible with the last version of the original BitShares 0.9.3.c.

So first, I had to download 0.4.27.2, import my wallet files, then install 0.9.3c on top.

Within 0.9.3c, I then had to export my private keys using the console command wallet_export_keys (see http://docs.bitshares.eu/bitshares/migration/howto-exporting-wallet.html#bitshares-1-0-full-client)

This then gave me a json file of my keys which I could import into the new Bitshares 2.0 client, via the settings menu.

Once imported, I then had to "reclaim" my old BTS1.0, again through the settings menu.

Finally, I can see my original holding.

Hope this helps someone.

A nobel example of determination to overcome adversity!

167
Technical Support / Re: Recent hacking by doris-payne
« on: April 27, 2017, 08:45:56 pm »
experts, is there a way for a compromised lifetime member to change their signing keys..or anyone else to change them?

From xeroc:  He needs the owner key .. if he has that .. he can import it into the wallet and change the active and owner key .. paperwallet.bitshares.eu may be helpful

168
Where's the option to vote them another raise?

This poll is rigged!

If you want to breathe some new life into BTS to drive up the competition to become a witness, like Henry Ford did by raising the wages of his slaves. 

If we really want some attention from the humans who we hope will join our little crypto club, then let's offer some incentive here.

Is it just me or does nobody ever agree with me?

+1

Welcome back!

169
Each witness is getting paid $1200+ because of the price rise.

They used to get 1.5 bts per block  but this was doubled this year because the bitshares price was so low.

Now the bitshares price has nearly tripled so has the witnesses pay and every witness is receiving $1200+ worth of BTS every month!

A long term fix would be if an agreed $ payment could be paid to them in BTS each month. But that idea deserves its own post.

I see absolutely no problem with this in the short term.

Being a witness, and hanging on when times are troublesome should be awarded a little extra when times get better.

I'm not a witness, but if I was one, that's exactly what I'd expect.

Let them profit a little heavy for awhile... they've waited a while to have their cake. Let them munch on it for a bit.


+1

170
@yvv what are you talking about mate? I think you confuse bitshares DEX purpose... Every bitasset created in bitshares is backed up by min 2.5 collateral value in bitshares. This is why in bitshares if you want to short sell you need to place at least 2.5 collateral value. This is why bitshares is safe and will avoid bankrupt. Because every bitasset created is backed up by 2.5 times collateral value!! This is why bitshares is superior to any bank and to any centralized exchange..Because you know that the " Bank" actually holds a lot of collateral for your "Money"...This is not a flaw in bitshares!! This is the superior market selling point of bitshares!!

Especially now that we have more than $1 mil in bitassets is bitusd and bitcny and we all know that for these bitassets the blockchain holds at least x2.5 collateral in bts value, THAT is the selling point of bitshares. I know that now I feel very comfortable keeping my bitusd in bitshares Dex. What we need to do now is just do the same for biteur, bitgbp, bitgold, bitsilver, bitbtc and reduce the premium paid for those bitassets as well and be close to peg as bitusd and bitcny are currently are...

Bitshares DEX is supposed to be your own bank. Not your own trading house! I want to feel safe keeping bitassets. I do not want bitshares blockchain to keep fractional reserves so you can margin trade with leverage!! The people who designed bts knew exactly what they were doing!!

Going back to margin trading of centralized exchanges that you mentioned...All exchanges that give leverage are supposed to keep balanced books, take opposite positions to hedge and keep only the spreads charged. Well I have news for you..Most of them don't do that! Not even very big regulated exchanges that offer leverage to their customers. This is why when the CHF - EUR peg broke a couple of very big exchanges with margin trading went bankrupt and others almost bankrupt..

I hope that you do know that most banks just keep only fractional reserves of peoples money right? Well I want bitshares to be exactly what it is..A bank that keeps more than 250% of collateral of peoples money!

As a final note, I hope you do not learn the hard way about margin trading in Poloniex as I did when I lost 80% of my bts holdings when I used them to margin trade (going long of course)..Poloniex and all these exchanges most probably manipulate prices in their favor. They see all the order books and they have really sophisticated bots to drive margin calls and screw you in their favor. So be careful when margin trading in Poloniex. They can screw you even if you are in the right direction of the trade..For example after too obvious pumps you go short and all of the sudden their servers don't work until prices recover and you do not get your entitled profit, or get margin called when you wanted to close your position etc etc..
^^THIS^^THIS^^THIS

The difference of perspective between BitShares and Poloniex is essentially the same as Kenesian vs. Austrian economics.  Traders will ALWAYS be a much smaller subset of everybody else who can benefit from BitShares. If you appeal to people who want a safe place to store their wealth that same safe place is not going to be a hot trading platform - the two objectives are contrary to one another.

This is yet another example of a dichotomy within the BitShares ecosystem, like Stealth vs. open ledger. Savers and Traders want opposite things out of BTS - one to be a stable store of value the other wants volatility so the trading action is profitable.

Why not market to both groups? Appeal to savers by offering a dividend on their BitUSD, and to traders via a campaign of "Safe Trading"? The issue with the system of trading yyv seems to think so highly of is the leverage isn't safe. Haven't you learned from all those examples of over-leveraged derivatives that collapse when one key investor with huge stake gambles big, looses, then all the smaller fish that relied on gains from trades of that big guy go down, and it's just a house of cards waiting to fall. That can't happen with adequate collateral. Sorry to burst your bubble but you're looking through rose colored glasses and they blind you to the real dangers of the mainstream financial system. Sadly, people aren't willing to see those dangers until they are personally faced with them. It strikes me as a weakness of a gambling addict.

The leverage you like so much is merely an illusion of safety made attractive by potential profits. That safety will evaporate faster than a bot can place an order when the inevitable collapse begins.

+1  8)

171
In fact I feel sick for the "+5%"
this title make Bitshares looks like a scam
I wish never see this title in the official site.

Why?

When I was a boy, I cut grass and put my wages in my little passbook savings account earning 5%.
Those were the days!

https://www.youtube.com/watch?v=0d8FTPv955I

172
I would like to pitch in however I can with this effort. I think the time is ripe to bring digital currencies and the block chain revolution to the masses. I have been working with my friend @matt-a over on steemit to strategize on how we can promote block chain applications in our local area. Steem makes this a much easier task than just a few years ago. Spewing out crypto tokens to anyone that spends some time posting and gets a little lucky. Then they're hooked!

All of you that have stuck around are building a grassroots movement and it is time for every holder to do their part. Also, my city is a prime example of a place that could use some shaking up. Very few people I encounter here have any idea what digital currency is or how it can benefit their lives.

It's impressive how much of a core group this community became with Bunker, Fuzzy, Thom, and all of the others regularly posting. I just started lurking these forums about a month ago so I suppose it's time to step out of the shadows again. I kind of fell off back there after the pitch fork and BTS 2.0.


173
General Discussion / Re: Ah so you're not so bullish on bts anymore?
« on: March 29, 2017, 02:08:24 am »
A bigger source of value is smartcoins.
You need BTS to issue them.
Demand for smartcoins should result in demand for BTS.

174
General Discussion / Re: NOTICE bitshares-mining SCAM
« on: March 28, 2017, 11:06:17 pm »
yeah...

I killed the link in your OP btw, no need to feed a backlink to google

Much appreciated.  :)

175
General Discussion / NOTICE bitshares-mining SCAM
« on: March 28, 2017, 03:58:18 pm »
I've just discovered that someone has set up a new website registered under invictus-innovations data and stealing content from everywhere.

https://bitshares-mining .com/

Neither Invictus nor I have anything to do with this site nor did we register this domain.

It is prima face a scam.

176
General Discussion / Re: Bitshares price discussion
« on: March 21, 2017, 02:41:27 am »
Finally BTS is joining the Alt coin pumps... $0.070 has been resistance for the last year.  If it can clear and hold above that, there is a good chance the bear market is over.

I am skeptical since BTS isn't really outperforming many currencies.  Dash and ETH are getting hundreds of millions of dollars pumped into them, while BTS is only up 7 mil.  Once the alt coin pump is over, how well BTS holds up will show if the bear market is done.  If bts breaks $0.070 but fail to hold above for more than a few days, BTS will probably test the lows again.

You need to think bigger, Pinky.  Welcome fiat being pumped into any crypto right now.  It is only a few seconds away from BTS...

:)


177
General Discussion / Re: Give me the skinny on bitshares
« on: March 19, 2017, 02:46:26 am »
Actually, this is all I said (which is actually better than some of the incorrect inferences above.)



178
General Discussion / Re: Bitshares price discussion
« on: March 18, 2017, 08:29:11 pm »
Stan's buying again!! 2.25 million more shares just yesterday. (Side note: can't wait for Stealth, when all this activity can be completely private.  :P)

With Stan buying, Stealth coming soon, the awesome power of the 3,300 TX/S stress test, and the recent rumblings around Dan's STEEM departure...I'm feeling pretty damn bullish right about now.

It's gonna be a good summer lads.

 :D




179
General Discussion / Re: A plan to revive the value of the BTS token
« on: March 16, 2017, 03:56:21 pm »

180
Gamey and Mr and Mrs Tonyk

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