The take away for me is that people are talking about Bitshares in the media.  Sure, this person got a lot of it wrong but it hopefully will start conversations and encourage people to look into what exactly Bitshares is; perhaps just to understand why this guy called it a bucketshop, and then realize he's way off.  This article hurts the writer and helps us.

I think that's one of the big advantages to a PoS system over PoW.  The cost to operate a delegate is substantially less than running a PoW GPU/ASIC farm.

For a real world example it costs me about $15/m to run a delegate. I was paying $1500/m in power costs (plus about $12k in hardware) to run a PoW farm.  Granted the ROI made sense at the time for PoW however there is no way I'm going to eat $1500/m "for the good of the network" but I'll hardly miss $15/m to ride out a low time.

1337 = leet in "geek speak" = elite

1776 is when the US signed the declaration of independence.  Symbolic as Bitshares is like independence from the centralized economy we have today.

Here's another perspective.  The number of delegates are currently fixed at 101.  So as the transaction volume ramps up the delegates are only going to make more and more money.  It's not like the system requirements are going to scale at the same rate as transaction volumes.  If the transaction fee is controlled by the delegates then it's just up to the delegates to come up with some balance.  And really once BTSX are worth $1/ea or more than we'll be fine even at 95% burn rate. If BTSX doesn't get higher than that then we're all sort of out of luck anyway .

The real control we have to worry about is transaction fee.  Naturally if BTSX goes to $100 no one will want to pay 0.1BTSX so a balance will have to be struck.  Dynamic pay rates is just one lever, the delegates have others.

http://www.dacsunlimited.com/index_en.html 0.2.3 is the latest release.

I think what you guys forget is that BTSX is deflationary and it will always increase in value.

Like LTC? 

Quote from: bytemaster on July 29, 2014, 09:53:42 pm

We are working with some of the best marketing gurus in the industry and are planning the assault. 

This is the primary focus of our trip to st marten.   

All I know is some people with serious money are about to buy into btsx and market the hell out of it. 

So exciting!! *hugs everyone*

It is time, yall. Fasten yur seatbelts..

 
Some movement in the price and better volume at Bter.  Related?  Perhaps.  I know the longer this goes the more I've been moving into BTSX from my other hedges.

Happens to me on my Ubuntu build as well.