How does anything Bitshares related(PTS, AGS, BTSX, Music, DNS etc) still even exist and be tradeable? If a snapshot was taken and everything converted to BTS then all those shouldn't exist anymore and be worthless.

Music isnt part of the sharedrop to BTS so it is not effected.


Yes, PTS and DNS should be essentially worthless now.  And everyone who had them is getting equivalent or more BTS. 
Yes, the people who understood what was happening had an opportunity to dump a small amount of shares of PTS after the snapshot was taken, and before the price went down.  The people who bought after Nov 5 are being stupid/uninformed.  They should have researched before they bought.

The fact that people do not understand this and are for some reason spending money on PTS and DNS that are now worthless is not the fault of the bitshares devs, who have clearly outlined what is happening.



I should repeat that you probably havent lost any money, because you are getting BTS based on your PTS/etc shares.  Unless you bought after Nov 5.

Can anyone here motivate me to get some NXT please?

But...Bitshares is like better NXT. 

Were you drunk when you posted this?

Also seeing this statement saying there might be up to 8% pa dilution of bts. Assuming this is incorrect, but can't find the authoritative statement about this

Bitshares now allows voters to elect paid delegates.  Paid delegates get Bitshares with each block that they sign, up to a max of 50 BTS (voters must elect them at that pay rate for this to happen).  This results in inflaiton of BTS.

This means that bitshares is now self funding.  It can pay for its continued development, for marketing, and to recruit more developers, once the original I3 funds are gone.  No matter what happens, bitshares can continue on and support itself.


The maximum possible inflation rate is 6.3% for next year.  (50 BTS a block, for every block for a year is 157,680,000 BTS a year.  157,680,000 / 2.5 billion is 6.3% inflation).


However, that is the MAXMIUM.   In order for that to occur, there must be 101 paid delegates all receiving max pay rate. 
Thats not going to happen.  What is actually going to happen is that voters are only actually going to vote for paid delegates for the dev team, marketing delegate, and a few others who are showing that they are adding value to bitshares.  So in reality, with maybe 20 or so paid delegates, inflation will be about 1-2% a year.



In the case that bitshares were to actually hire 101 paid delegates, and have 6.3% inflation, what would that mean?  It would mean we actually have 101 people working on coding and marketing of bitshares, that voters think are providing positive value.  For example, maybe we hire all the devs in the crypto space, because we can actually pay them!   IF that happened, and we had 6.3% dilution, it would probably be a good thing, because bitshares would grow a TON if that happened.


Once the market cap increases a lot, voters will not want to vote for full pay delegates any more, because it will be too much money.  One full pay delegate would actually be able ot hire a whole team of devs, or fund a big marketing campaign, if the bitshares share price went up significantly. 

At that point, we could expect dilution would be even less (or growth would be even greater!)



To summarize:

Max possible inflation is 6.3%
All of the inflation results in ACTUAL VALUE being created.  It goes to developers and marketers who GROW bitshares.
Inflation is less than in bitcoin.  Bitcoin uses "proof of waste", simply burning hundreds of millions of dollars a year to secure the network.

Bitshares uses REAL proof of work!  Work for bitshares, and you get paid!  This money results in real value being created, as opposed to bitcoin's mining which simply demonstrates that miners have wasted money.


This change is an extreme positive long term for bitshares, imo.  And yet it has resulted in a massive selloff, because people dont understand yet, and they see dilution as strictly a negative thing, not seeing the potential.   This is why now is an excellent time to be buying bitshares.

I doubt we will tank the BTC price.


To me, there is one good way that the BTC price can tank - if it is surpassed by BTS. 

Even then, I expect that what will occur is that while BTC goes up by a factor of 10, BTS will go up by a factor of 100.

bitUSD shorts are willing to pay interest in order to get a loan, which essentially allows them to margin long in BTS.

If you look at exchanges, margin interest can be relatively high.  This allows for a healthy bitUSD yield.

Hi everyone,
I am new to BitShares but I think it has some great potential. I am looking to buy some BTSX but I would like some advice.

1) Is 6,000 satoshi's a good price or should I wait?

Imo it is a good price, I bought a lot more when we went down to 6000 sat, and again when we went down to 5000. 
While it is true that the price is up over the past week, it is still below where it has been for the past two months. 

It looks to me that you would be buying early in a new rise, which is a great time to buy.

Of course nothing is guaranteed, and you are responsible for your decisions. 

2) When the merge happens will my BTSX just be renamed BTS? I am a little confused about this.

Yes, not much changes for BTSX.   If you just have shares on the exchange, nothing happens excpet a rename.  If on the client, you download a new client version and thats it.

3) When I get the BTS will I get snapshots on upcoming projects or is that only for PTS?

Probably just PTS, but it all depends on what 3rd party developers decide to do.
At this point, all known snapshots are done, so it would only be future unknown project. 

I wouldnt buy PTS at this point until it falls to .0005 btc. 

4) What do you think 1 BTS will be in 5 years?

Impossible to predict.  If Bitshares is still around and doing well in 5 years, it will be much higher than today.  Or it might have died.



Don't put any money into this that you cannot afford to lose, or that you will need soon.

For money that you can afford to risk, Bitshares is an excellent buy.

This is very, very exciting!  Thank you John for choosing to partner with Bitshares, and to Dan and the rest of the team for making this happen!

Remittances is a huge use case for crypto and we just got in on it.