The annual 5% comes from the shorters. Check out http://docs.hero.global/en/master/ for more details.

Thanks Robrigo

I would have hoped to see this kind of shareholder-relevant information linked to in the OP, Stan.
I guess intrigue and suspense is what you're going for, but isn't the whole point of that to increase the speculative value of BitShares to new investors?

Easy-access quick-to-digest information helps reduce the information asymmetry between the BTS in-crowd and the wider potential investor audience.

I suppose if you do in fact only wish to inform the in-crowd, those who will bother to investigate further on their own, then it makes sense.
Not necessarily bad.

I get the impression that you, Stan, want to see BTS rise in value based lots of customers using BitShares' products. Lots of BTS to be locked up in collateral in SmartCoins.
As opposed to Speculative investment.

Why not both?

Will EOS be an entirely new system?

Are BTS 2.0 shareholders expected to claim their sharedrops in a new chain?
Will their % stake of EOS be the same as their % stake of BTS2?
Will there be an equivalent of 3.7Billion BTS available to claim?

I am currently skeptical of EOS.
BTS 2 has the framework, but nobody is using it yet.
EOS OMG SO MUCH IMPROVE will suddenly attract loads more users?

I am buillish on HERO, that is a use case for the common people. Which attracts users.
BTS is a great company that produces a great product, that nobody uses.
Will super-efficient execution of these features change the fact that everyday-people have no reason to use it?

Does BTS 2 lack trading features that are required by todays fiat traders? That EOS will bring?

Redesigning the whole system, again.
I expect to be convinced but right now... nope

Why couldn't we just have TREZOR support instead

One of the main flagpoint issues normies take with cryptocurrency is that responsibility over their money is entirely on them. There are no chargebacks, no banks to call if you make a mistake.
Lacking TREZOR support, this problem is 10x worse.
Even if an experience user DOES know what they're doing, it can all be for nothing if a keylogger nabs your password.

I am eager to be corrected

I would be interested

I would love to hear more of your thoughts about what BitShares is LACKING.[/b]

EXPOSURE, EXPOSURE, EXPOSURE
as a trader I would not trade a currency that nobody trades to begin with,
this exchange seams not to be in the internet time cyberspace, rather like smoke sign time, where ppl like to buy gold have to wait days or weeks to get execution..

[....]

I rather pay more commission and get filled for the prize I ask for.
What good does it, to pay 2 cents commission for an order when I only can get filled after I have to pay 50 dollar more for BTC because I did not get filled..
its a numbers game, that's for the engineers to consider..

The most advanced system isnt worth a dime if it does not fulfill the needs of the user...

Thanks for the insight into the user-experience of trading with BitShares' products.

If BitShares raised the transaction fee to 50% it wouldn't make a jot of difference to this user-experience problem of orders taking ages to fill.
The fees should stay as they are, the absolute bare-bones minimum.
There exists a bottom, a minimum price, for the cost of a crypto-exchange transaction fee. One day a BitShares-rival could (or will) meet this minimum fee so as to undercut other exchanges.
BitShares' low fees is an anti-competition feature.
This means that would-be competitors to the BitShares network are financially incentivized to join-bts. To team up and share slices of an even bigger pie

A lack of liquidity is the real issue facing BitShares. When liquidity arrives (maybe it'll take years) then the DEX will go on to become the most popular financial exchange used by everyone.
But all of the cool world-changing features; the uncensorable transactions, cheap insurance for the common man, the ability for all to hedge their bets and secure their wealth without permission or identification.
This is the niche that BitShares fulfills, and there are no others who can compete. It is cheaper and more profitable to co-operate with BitShares and use the infrastructure that it provides to conduct private business on top of.

Society of the future will want access to these freedom-creating financial products, and BitShares does the best job at providing them.

With one large caveat:
Without liquidity, without market makers, without shorters, without the traders that enable all of these financial products to run smoothly,
...Then BitShares remains an unfinished product.

There are 2 key&essential components of a trade.

#1: The infrastructure: The means with which to conduct the trade.

The gold coin, or bitcoin, serves as money. But you can't create complex insurance policies with just a gold coin.
You can hide your gold in a cave, but you can't trade your gold against the value of another resource without other tools.
Pen's and paper to write IOU's on, "watermarks" to verify document-authenticity, a price-ticker, and so on
 
Humans have been utilizing financial-products for millenia, they will continue to desire them long into the post-bitcoin era. When a decentralized option becomes available and provides a good user experience (LIQUIDITY), they will flock to it.
 

#2 The Other Side Of The Trade.
A trade partner, available at your desired time of trade.
In the fiat world, this problem was solved historically by everyone meeting at the same time at the stock-exchange.
The NYSE stock exchange (and all the others) still have limited hours of trading.

Cryptocurrency (specifically the BitShares DEX) allows this trading to occur 24/7.
There need to be traders using the DEX with high-value transactions 24/7 in order for the financial products desired by end-user manifest themselves as a result of trading activity.

End-users cannot purchase the products that they desire unless traders and speculators are already using the exchange, with a trade open and waiting for the end-user to take at their leisure. 

Liquidity is very much a part of the user experience

Quote from: Permie on March 31, 2017, 05:36:08 pm

Quote from: mea123 on March 31, 2017, 05:04:42 pm

MT4 platform, easy, liquid and fast execution
perhaps I pay a bit more, but I get in and out in a heartbeat

Could you expand on this?
Is this a competing crypto-exchange?
Cheers

nope is not crypto-exchange, it is just a Broker which offers to trade BTC/USD and this is all what matters to me, fast and furious , I know my fee, no manipulation no wait , enter order and get filled in a second , sell/ buy same ..I dont care about any other thing as a trader, as long as I get what I ask for..
which is not the case with OL exchange at all
I dont need to become a scientist nor do I want too, to understand how this Broker works, because I am not, I trade and make or lose money...that is all what counts to me..
The problem with this new exchanges is, only a few ppl understand it and because they do, they dont understand why
none technician dont and because of it, getting scared...and live in uncertainty

Better OL changes this, because I will not trade at this platform if I get much better options

Thank you very much for your input.

It's good to get the opinion/desires of traders who could potentially use BitShares.
Knowing traders' needs is one step closer to ensuring that the DEX can fulfill them

Also, in the above example of OPEN.BTC and BitUSD, when I exchange 1 OPEN.BTC for say 1000 BitUSD, how are the fees deducted? For example do I end up paying 1 OPEN.BTC for 998 BitUSD or 0.998 OPEN BTC for 1000 BitUSD?

I'm not sure about the fee structure in general, but if OPEN.BTC applies a 2% fee, this would mean you would be exchanging 1 OPEN.BTC for $998bitUSD

MT4 platform, easy, liquid and fast execution
perhaps I pay a bit more, but I get in and out in a heartbeat

Could you expand on this?
Is this a competing crypto-exchange?
Cheers

Quote from: pc on March 29, 2017, 04:41:17 pm

Faking volume is a bad idea in any case, IMO.

It's even worse when discussed in a public forum. Now even if we have that much real volume nobody's going to believe it.

you can easily proof fake volume. this is a blockchain after all