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Messages - KenMonkey

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91
General Discussion / Re: [ANN] BlockPay -Your favorite store can now accept any crypto thanx to Bitshares
« on: July 21, 2016, 02:56:34 pm »
Quote from: kenCode on July 21, 2016, 10:46:30 am
Quote from: KenMonkey on July 21, 2016, 08:55:25 am
Looks fantastic KenCode. I'm based in the UK now and I was wondering if ambassadors here could be useful.

Ya know, I don't think there is an Ambassador in UK yet.
@Chris4210 @Rodrigo10 Can you guys confirm?
 
Can you please drop Rodrigo an email? This way he can email you back about the details (he does not use this forum much).
His email: rodrigo@bitshares-munich.de
 
Also, I did a post on steemit about this:
https://steemit.com/crypto-news/@kenCode/here-s-another-5-reasons-to-get-blockpay-out-there
 
Thanx so much KenMonkey, I hope you join the team! I know Rodrigo had mentioned that we have BlockPay Ambassadors in like over 30 countries now, so welcome! :)
  ken

Sweet! Yeah, the British love their fintech I'm sure many are willing to embrace. I've been chatting to a few people here about cryptocurrency and a lot of businesses seem open to the idea. 

92
General Discussion / Re: [ANN] BlockPay -Your favorite store can now accept any crypto thanx to Bitshares
« on: July 21, 2016, 08:55:25 am »
Looks fantastic KenCode. I'm based in the UK now and I was wondering if ambassadors here could be useful.

93
General Discussion / Re: Bitshares price discussion
« on: July 13, 2016, 05:24:46 pm »
I think BTS is far below the market cap it could be. Once people realize that SteemDollars are maintained by the same principle as  BTS assets. But really this rise has nothing to do with Steem's rise. Steem goes up, BTS goes up (awareness); steem goes down, BTS goes up (escape to safe-haven).

But really... I think Steem could get bigger than Bitcoin. It's just such a brilliant distribution model.

94
General Discussion / Re: Why is Bitshares rising in price?
« on: June 30, 2016, 06:01:43 am »
Quote from: Erlich Bachman on June 30, 2016, 03:39:04 am
Who cares.

bitUSD price still unchanged.

People here care more about their money than about our technology, and that is the main reason why you are unhappy with the share price.

Where else can you buy Gold, Silver, or short the USD for tiny trading fees, with great security, 1.5 second confirmations on a blockchain, no front-running, all done in the nude?
Bitshares is great and the referal program really is fine, someone has to pay to register account names on the blockchain and they need to be well incentivized. Definitely not a pyramid scheme.

95
General Discussion / Re: IS BTS dead?
« on: June 20, 2016, 09:08:38 am »
Ninja zombie

96
General Discussion / Re: Supply
« on: May 16, 2016, 12:56:06 am »
Quote from: bitsharesbrazil on May 15, 2016, 06:11:37 pm
n what is probability of an increase in supply from those 2.5 b? Wich should I take a look to evaluate that?

Lets say supply is set to 3.7 b,  price will be decreasing too? Will I receive new shares related to my % before the increase in supply?

After Nov the liquid supply will be approx 2.5b. We will never approach 3.7b supply for 2 reasons (at least) BTS is constantly being burned, also it's unlikely that we will vote to use the entire reserve . Maybe 3b BTS will be around in 10-20 years from now.

Yes, if supply moves to the right the price should fall. I suspect demand will increase much much faster than the supply increase, which will be plenty to counteract this and increase the price. https://plus.maths.org/issue40/features/wilson/fix_supply.gif

If you start a witness (node) you will get a part of the liquid supply increase  (much like bitcoin).

Hope that helps BTSBrazil  ;D

97
General Discussion / Re: Unclear future, missed opportunities
« on: May 15, 2016, 01:44:52 pm »
Maybe there's some opportunity in Steem for BTS, but it doesn't spring to mind immediately. I think they are good partners just two friendly DAOs not competing for functional turf (just investment turf).

Quote from: kenCode on May 12, 2016, 09:28:34 am
Quote from: bitcrab on May 12, 2016, 07:11:08 am
Quote from: Chris4210 on April 27, 2016, 08:50:42 am
We actually do not need most of the new features. We should rather use what we have and build a profitable business with that.

A bond market might bring new people, but a stable crypto currency is working already and interesting for many many reasons.

agree, seems the planned collateralized bond market is very helpful as a feature, hope it has chance to come true.

+5% I am for the bond market as well, just need to finish up Stealth first.

YES!!! Hot Damn! You are my hero Ken!
It's all about secure and easy mobile wallets and POS. Stealth is cool and attracts the "fuck the bankers". Crypto rules.

Quote from: BTS007 on May 02, 2016, 12:50:33 pm
Quote from: kenCode on May 02, 2016, 12:14:18 pm
Quote from: BTStho on May 02, 2016, 09:35:05 am
I think BitShares is just getting started. Excited to be a part of!!

 +5% +5% +5% :)
+5% +5% +5% +5 :P

Let's stay on the bitshares roadmap? Say "Aye" Dan!

https://bitshares.org/roadmap.html  (needs a bit of an update I'd say! It's awesome to see how many of the "not started" things are now actually done)

98
General Discussion / Re: Supply
« on: May 15, 2016, 01:22:50 pm »
Quote from: xeroc on May 13, 2016, 06:29:35 am
BitShares has a FIXED supply. There is no dilution ..
1B BTS, however, are in the reserve pool of BitShares that can be used to fund things AFTER shareholder approval via on-chain voting.
block producers are paid from the reserve as well

Take a look at:
http://cryptofresh.com/reserve

Thank you all so much.

Fixed supply is good. In my opinion and probably in most stakeholder's opinions, the max supply must never be increased.

The only supply I'm interested in is LIQUID (currently spendable by individuals) supply and expected curve(s) of increase (or decrease  ::))

Maybe with the data here I can construct something like a chart. Charts and graphs, heaps of them, all the variables you can think of. Charts make things easy to see, the lack of charts is worrisome, like someone's trying to hide. Perhaps I shall propose a worker to make cryptofresh (or some other blockchain browser) have all the same sorts of charts as blockchain.info.

Quote from: svk on May 13, 2016, 11:30:26 am

Unrelated. The vesting balances are from the merger that took total supply from ~2 billion to ~2.5 billion. The reserve fund is equivalent to what would have been the max supply of Bitshares 1.0 throughout it's lifetime at maximum dilution minus the ~2.5 billion supply at the launch of 2.0, which comes out to ~1 billion BTS.

I realize that explanation is a bit convoluted.  The Bitcoin equivalent would be that the remaining ~5.5 million BTC were issued right now, but were locked in a "reserve fund" that could be distributed (or not) through some kind of voting at a capped rate. Transaction fees would also replenish the reserve fund.

Bananas!  2014 was ages ago.

For some clarity. Please give me a yea if I'm right here: The merger never changed the maximum possible supply of BTS (~3.7). It changed the structure of the liquid supply increase. The merger put ~.5 billion into vesting balances to be released over about 2 years (wut??) and put ~1 billion into a reserve fund to be distributed as voters see fit (cool).

If we want to see more happy sharers we need to be super clear on communicating limited and cointrolled supply increase, like Bitcoin has always been.
It's a bloody awesome feature that the supply is limited and the shareholders vote how the reserve gets released. Smart, and it makes me want to be a shareholder! xoxo bitshares.

found this old thing, I miss bitsharesblocks a lil bit.
Quote from: testz on April 04, 2015, 11:12:28 am
Quote from: mostar on April 04, 2015, 10:52:11 am
Hello,

I could not find clear documentation abut the coin supply.
How new coins are created?
Is there any limit and time frame?

Thanks

Here the nice chart: https://bitsharesblocks.com/charts/supply

99
Meta / Re: Please remove "Chat" from forum or replace it with link to slack
« on: May 13, 2016, 05:27:58 am »
lol. never even noticed it there.

100
Meta / The future of the forum?
« on: May 13, 2016, 05:25:20 am »
Is discussion formally moving over to the bitshares page on steem?

there needs to be a place for beginners in bitshares to go and get information easily such as:

how to get bitshares?
how to use openledger
3-4 different choices of blockchain explorers right now I can only think of 2, cryptofresh and openledger.
how does bitshares work? witnesses? workers? committee members?

I know bitshares is always changing and I think it's changed by far, on the whole, for the better, but we can't let the communication get all tangled up more than it already is. Bitshares.org needs to point people in all the right directions.

Let's discuss where the discussion is taking place. I like steem, seems steemy. Saunas are hot.

I guess if nobody responds that's kinda an answer too.

101
General Discussion / Supply
« on: May 13, 2016, 02:40:17 am »
Crucial to price is the liquid supply and expected future supply. Where can I get good info and a chart of the supply of bitshares over time? Coinmarketcap lists the current supply but I can't see a chart. Cryptofresh should have all kinds of charts, like blockchain.info.

102
General Discussion / Where is the suggestion box
« on: April 29, 2016, 06:52:41 am »
Bitshares' organization needs help. From an outsider perspective Bitshares is difficult to approach. We need a portal for the up-to-date, informative, functional humans we actually are.

My suggestion is this: make a site (I suggest openledger.info) look more like blockchain.info or at least blockchain.com.


103
Technical Support / Re: "MY MARKETS" page: suggestions for improvement
« on: April 06, 2016, 11:32:12 am »
Great ideas. It would be great to be able to export spread data over time and make decisions about when to buy based on the recent rise and falls and the current spread and the historical equilization of price and settlement price.

That said I think "price" is fine as is since it indicates the price on THIS exchange and not any other, because it is a pegged assed this exchange matters too!

Quote from: karnal on March 13, 2016, 01:33:56 pm
Finally, the PRICE column is, I believe, somewhat misleading: It's not the settlement price (what I would assume it to be), but the last trade on the market. At least in my opinion that's very misleading.

as long as "settlement price" is also displayed.

because there are so many columns in questions it would be good to be able to have collapsible, user-selected, columns. With good default options.

Maybe even "historical average spread" and "the difference between the historical average spread and the current spread" or more simply "spread advantage"... something like that... to encourage buying when needed... but I'm sure people will have that programmed into APIs by now. :-]

104
General Discussion / Re: Feature Discussion: automatically adjust core_exchange_rate of an asset
« on: March 26, 2016, 10:26:32 am »
In-built would be cool. Advanced users could use bots to set the CER for their asset. It can be their choice to publish the algorithm on the asset page. Or! Choose to opt-in to an auto-bitshares-bot algorithm to choose the CER.

With smart-coins I think we need price-feeds right now, but once the bitshares DEX blows up it could turn into a sort of feedback loop... in the case that real asset prices were at all actually determined by the bitshares DEX.

imagine that?

105
General Discussion / Re: When does inflation decrease? We should make more people aware of that
« on: March 26, 2016, 10:12:24 am »
Quote from: Samupaha on March 26, 2016, 09:43:02 am
If we want to maximize the impact, I think the best thing to do is wait until the vesting period is over and then make everyone aware about that. If we start advertising it now, markets will slowly adapt the information and nothing happens when vesting is finally over. Information is already in the price.

But if it's not generally known, there is a good chance for price rally.
- "Oh, so that's why BTS price has been so low and now it doesn't happen anymore! I have to buy it before anybody else realizes the same thing! Quick, buy buy buy!"

And again I'd like to remind that Bitshares doesn't have inflation. When we are talking about releasing funds from vesting, that's what we should talk about. If you talk about inflation people will think that new BTS is created, which isn't true. BTS has been already created, it just have been non-transferable for a certain period.

As far as the markets are concered "non-transferable for a certain period" (and slowly released?) is the same thing as bts being created. One could argue that 21million bitcoin have already been created but are just not transferable until they are mined.

Could someone direct me to a place where I can see the (transferable) supply of Bitshares... perhaps a chart over time?

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