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Messages - Permie

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76
General Discussion / Re: Does the data exist for a graph of total SmartCoin-cap vs btsmcap over time?
« on: May 18, 2017, 10:34:37 am »
18/05/17 - 11:30GMT

bts price: $0.0532

BitShares Market Cap: $138,553,000
(coinmarketcap.com)

SmartCoin Market Cap: $3,200,000
(cryptofresh.com)

CryptoSphere Market Cap: $62,171,000,000
(coinmarketcap.com)

BTS MCap / SmartCoinMCap = 43 BTS MCap is 43x larger than it's SmartCoin MCap Today

BitShares' market-share of the total CryptoSphere: 0.22%

Conclusion: Since yesterday the Market Share of BitShares has risen to 0.22%, this indicates that the large increase in the price of bts has been pumped up by traders selling their other crypto's in order to buy bts. As opposed to investing new fiat-capital

77
General Discussion / Re: London meet up
« on: May 18, 2017, 10:28:54 am »
Quote from: mf-tzo on May 18, 2017, 10:21:13 am
If you do this between 12th and 16th of June after 18:00 in the afternoon I will be also able to attend as well and I would really love to meet you guys.
+5%

78
General Discussion / Re: Next Committee Proposal: Witness Pay
« on: May 17, 2017, 09:31:53 pm »
Quote from: Thom on May 17, 2017, 09:09:30 pm
@bitcrab, you truly help this community, and I am very grateful for that.

Quote
fortunatelly now in a whole the price feeding of witnesses work well so my absent do not lead to obvious worse consequence...

What would happen if other witnesses used this same excuse? It's not like you can't afford to hire someone to resolve the issue for you.

I won't keep hounding you about this but if others do I think it's deserved.

Perhaps you should consider giving up your witness slot so others who have the time and are able to perform according to the standards you yourself have described  have a chance to.

Please respect the Witness job and take steps to correct this as soon as possible.
+5%

I've only just learned of this grievance with bitcrab, but if witness' responsibilities are being neglected then it would be better if the witness-slot was given up to the market to find a better replacement.

Does bitcrab have enough proxy votes to keep himself elected?

I know you have put a lot of your time, effort and financial faith into Bitshares bitcrab, and I am grateful for it.

But being a witness doesn't bring you any significant profit (or shouldn't). Witness pay is to hire an employee to manage computer servers that can provide services to the Shareholders. If you haven't got time for that, why do you still want to remain elected?

79
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: May 17, 2017, 09:25:40 pm »
Quote from: Customminer on May 17, 2017, 07:27:47 pm
BackingAssetValue = [USD | XDR] //Still need to decide on basing it against the USD or the XDR/SDR.
:(
....gold?

Love the idea. I understand the aim is a stable reliable price(?) but using an IMF product just seems icky. Maybe the USD isn't any better.

80
General Discussion / Re: HERO's arch nemesis! The opposite of 'HERO'
« on: May 17, 2017, 09:21:41 pm »
I think it's a great idea.

81
General Discussion / Re: Cryptofresh Block Explorer + MUSE now available
« on: May 17, 2017, 06:33:44 pm »
Hello Cryptofresh,
I have been using the site to view the total market cap of SmartCoins on the DEX, and compare it to the bts-MarketCap at the time. In an effort to inefficiently scrape some data on the ratio of SCMcap:BTSMcap over time.

For example I have noticed that the total market cap of smartcoins has dropped 50% since yesterday. Why?

Seeing as I am using the 'static' data on cryptofresh.com, I am assuming you get this data from the blockchan, could you also graph it?
I can see all the number for "right now", but i cant see them graphed over time.

Thanks

Thread of my findings:
Quote from: Permie on May 17, 2017, 12:08:36 pm
16/05/17 at 15:15 GMT

BitShares Market Cap: $100,000,000
(coinmarketcap.com)

SmartCoin Market Cap: $6,300,000
(cryptofresh.com)

CryptoSphere Market Cap of: (As yet unknown at the precise time that the previous 2 figures were calculated, but 6 hours later it was $57,809,000,000)

BTS MCap / SmartCoinMCap = 15.8 BTS MCap is 15.8x larger than SmartCoin MCap

BitShares' market-share of the total CryptoSphere: ?


17/05/17 - 13:00GMT

BitShares Market Cap: $114,471,000
(coinmarketcap.com)

SmartCoin Market Cap: $3,243,000
(cryptofresh.com)

CryptoSphere Market Cap: $60,785,000,000
(coinmarketcap.com)

BTS MCap / SmartCoinMCap = 35 BTS MCap is 35x larger than it's SmartCoin MCap

BitShares' market-share of the total CryptoSphere: 0.188%

===============
Conclusions:

The Ratio of BTS-MCap: SC-MCap on the 16/05/17 was 15.8x.
After 1 day, the BTS:SC ratio is 35x.

The SC-MCap shrunk by 50%, whilst BTS-MCap grew by 14%.
This clearly suggests(?) that a large number of SmartCoin holders sold their SC in exchange for bts.

Did this change cause the bts price rise, or did the bts price rise cause the SC dump?

82
General Discussion / Re: The Hero from BitShares Island
« on: May 17, 2017, 06:20:08 pm »
Quote from: pc on May 17, 2017, 05:47:10 pm
Here's my prediction:

Crypto markets are currently overheated, which means that a significant correction will happen sooner or later. At that point, most BitAssets, including HERO, will be undercollateralized and suffer a black swan. Everybody loses.
So you are predicting that the bts price will drop so fast as to trigger a chain of margin calls in the short positions of SmartCoins will not be able to sell their assets to repay their debt to the BitShares blockchain?

If you were a very large short position on SmartCoins right now, would you be settling the debt ASAP and holding in bts?

I have noticed the total Market Cap of SmartCoins has dropped by over 50% since yesterday:
https://bitsharestalk.org/index.php/topic,24159.0.html

83
General Discussion / Re: HERO's arch nemesis! The opposite of 'HERO'
« on: May 17, 2017, 05:28:10 pm »
Pendulum sounds great.

I am assuming that the objective is to incentivize both shorting and buying so as to stimulate liquidity of the asset.
Eventually most buyers wont care about the swinging pendulum, just that they can buy $10,000 worth RIGHT NOW to trade into the DEX from fiat, and then immediately trade their bitPENDULUM for bitUSD or HERO or something they actually want to hold?

84
General Discussion / Re: The Hero from BitShares Island
« on: May 17, 2017, 05:23:23 pm »
Quote from: fav on May 17, 2017, 03:43:59 pm
first

Wow nice

So... a grandma could buy $1000 worth of HERO and sit tight and withdraw her 5% profits over her pension?
Today?

85
General Discussion / Re: Does the data exist for a graph of total SmartCoin-cap vs btsmcap over time?
« on: May 17, 2017, 12:08:36 pm »
16/05/17 at 15:15 GMT

BitShares Market Cap: $100,000,000
(coinmarketcap.com)

SmartCoin Market Cap: $6,300,000
(cryptofresh.com)

CryptoSphere Market Cap of: (As yet unknown at the precise time that the previous 2 figures were calculated, but 6 hours later it was $57,809,000,000)

BTS MCap / SmartCoinMCap = 15.8 BTS MCap is 15.8x larger than SmartCoin MCap

BitShares' market-share of the total CryptoSphere: ?


17/05/17 - 13:00GMT

BitShares Market Cap: $114,471,000
(coinmarketcap.com)

SmartCoin Market Cap: $3,243,000
(cryptofresh.com)

CryptoSphere Market Cap: $60,785,000,000
(coinmarketcap.com)

BTS MCap / SmartCoinMCap = 35 BTS MCap is 35x larger than it's SmartCoin MCap

BitShares' market-share of the total CryptoSphere: 0.188%

As of 17/05/17,10:16GMT
bts price: $0.047863
bts mcap: $124,495,711 (Overnight increase of +$12MM)
Total cryptomcap: $61,711,186,636 (The total size of the cryptomcap grew +$3,901,260,756 overnight) +6% in USD terms

BitShares 2.0's percentage share of the cryptomarket is today: 0.201%. An overnight gain of +0.011% of the market.
BitShares grew faster than the general trend of the market.


EDIT:
As of 12:30GMT 17/05/17 (according to cryptofresh.com)
BTS Market Cap: $119,650,915
BTS TOTAL SmartCoin Market Cap: $3,243,884

Ratio of BTS-MCAP / SC-MCAP: 36. BTS mcap is currently x36 SC-MCAP

SmartCoin Market Caps ($USD):
CNY: $1,838,179 (56% of total bts-SmartCoin market)
USD: $1,057,100 (32% total SC-Mcap)
EUR: $113,237 (3.5%)
BTC: $108,173 (3.3%)
Silver: $64,849 (1.9%)
Gold: $34,472 (1.04%)
AUD: $18,074 (low volume) (<1%)
GBP: $4,466 (<1%)
CAD: $1,939 (<1%)
JPY: $1,277 (<1%)
ARS: $605 (low volume) (<1%)
HKD: $578 (low volume) (<1%)
MXN: $546 (<1%)
RUB: $159 (low volume) (<1%)
CHF: $134 (low volume) (<1%)
KRW: $46 (low volume) (<1%)
SGD: $25 (low volume) (<1%)
NZD: $22 (low volume) (<1%)
SEK: $3 (low volume) (<1%)

===============
Conclusions:

The Ratio of BTS-MCap: SC-MCap on the 16/05/17 was 15.8x.
After 1 day, the BTS:SC ratio is 35x.

The SC-MCap shrunk by 50%, whilst BTS-MCap grew by 14%.
This clearly suggests(?) that a large number of SmartCoin holders sold their SC in exchange for bts.

Did this change cause the bts price rise, or did the bts price rise cause the SC dump?



86
General Discussion / Does the data exist for a graph of total SmartCoin-cap vs btsmcap over time?
« on: May 17, 2017, 09:33:54 am »
Does the historical data exist for a graph of total SmartCoin-cap vs btsmcap over time?

Also, does the historical data exist to plot
Code: [Select]
(bts marketcap / total value of the cryptomarket) * 100 so that the market share BitShares has had over time is easily visible?


EXAMPLE:

Quote from: Permie on May 17, 2017, 09:22:16 am
Quote from: Permie on May 16, 2017, 04:23:54 pm
EDIT:
For future reference:
As of 21:00GMT 16/05/17, according to coinmarketcap.com
US Dollar price of bts: $0.043429
BTC price of bts: 0.00002489
Total USD value of the entire crypto market: $57,809,925,880
Total bts in circulation (released from Reserve Pool): 2,601,040,000
USD market cap of BitShares: $112,960,566
BTC market cap of BitShares: 64,733BTC

16/05/17 BitShares' market share of the cryptomarket in USD: 0.19%
(btsmarketcap/USDcryptomarket)*100

I'm very interested in seeing how this % fluctuates during this big cryptoboom(/pump)

Also, when will the market cap of BitShares be equal to 21,000,000BTC?
As of 17/05/17,10:16GMT
bts price: $0.047863
bts mcap: $124,495,711 (Overnight increase of +$12MM)
Total cryptomcap: $61,711,186,636 (The total size of the cryptomcap grew +$3,901,260,756 overnight) +6% in USD terms

BitShares 2.0's percentage share of the cryptomarket is today: 0.201%. An overnight gain of +0.011% of the market.
BitShares grew faster than the general trend of the market.

87
General Discussion / Re: Bitshares price discussion
« on: May 17, 2017, 09:22:16 am »
Quote from: Permie on May 16, 2017, 04:23:54 pm
EDIT:
For future reference:
As of 21:00GMT 16/05/17, according to coinmarketcap.com
US Dollar price of bts: $0.043429
BTC price of bts: 0.00002489
Total USD value of the entire crypto market: $57,809,925,880
Total bts in circulation (released from Reserve Pool): 2,601,040,000
USD market cap of BitShares: $112,960,566
BTC market cap of BitShares: 64,733BTC

16/05/17 BitShares' market share of the cryptomarket in USD: 0.19%
(btsmarketcap/USDcryptomarket)*100

I'm very interested in seeing how this % fluctuates during this big cryptoboom(/pump)

Also, when will the market cap of BitShares be equal to 21,000,000BTC?
As of 17/05/17,10:16GMT
bts price: $0.047863
bts mcap: $124,495,711 (Overnight increase of +$12MM)
Total cryptomcap: $61,711,186,636 (The total size of the cryptomcap grew +$3,901,260,756 overnight) +6% in USD terms

BitShares 2.0's percentage share of the cryptomarket is today: 0.201%. An overnight gain of +0.011% of the market.
BitShares grew faster than the general trend of the market.


EDIT:
As of 12:30GMT 17/05/17 (according to cryptofresh.com)
BTS Market Cap: $119,650,915
BTS TOTAL SmartCoin Market Cap: $3,243,884

Ratio of BTS-MCAP / SC-MCAP: 36. BTS mcap is currently x36 SC-MCAP

SmartCoin Market Caps ($USD):
CNY: $1,838,179 (56% of total bts-SmartCoin market)
USD: $1,057,100 (32% total SC-Mcap)
EUR: $113,237 (3.5%)
BTC: $108,173 (3.3%)
Silver: $64,849 (1.9%)
Gold: $34,472 (1.04%)
AUD: $18,074 (low volume) (<1%)
GBP: $4,466 (<1%)
CAD: $1,939 (<1%)
JPY: $1,277 (<1%)
ARS: $605 (low volume) (<1%)
HKD: $578 (low volume) (<1%)
MXN: $546 (<1%)
RUB: $159 (low volume) (<1%)
CHF: $134 (low volume) (<1%)
KRW: $46 (low volume) (<1%)
SGD: $25 (low volume) (<1%)
NZD: $22 (low volume) (<1%)
SEK: $3 (low volume) (<1%)


https://bitsharestalk.org/index.php/topic,24159.msg306249.html#msg306249

88
General Discussion / Re: HERO's arch nemesis! The opposite of 'HERO'
« on: May 17, 2017, 09:10:53 am »
Why would anybody buy VILLAIN if it's guaranteed to be worth less tomorrow?
Surely VILLAIN would need to have some other pro-buyer features to attract them to the asset.

Maybe holding it could be like a lottery ticket?
A small chance to gain +20%, but a definite chance of losing at least -5%.
Could this lottery be paid for out of the least collateralised short or something? (noob)

89
General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 17, 2017, 09:00:55 am »
Quote from: Stan on May 17, 2017, 03:49:03 am
Quote from: checkingin on May 17, 2017, 03:42:55 am
Quote from: Stan on May 17, 2017, 03:36:07 am

No reason we all can't own BitShares 3.0 as well.  :)

There's no reason we can't, but is there a reason we should? It seems like a low-opportunity and possibly detrimental marketing choice, respectfully.

I concluded above that a sidechain asset into a native EOS DEX would make the most sense.  Competition is good for everyone, at least those like us with good tech.

Look at the world.
The most connected places have the best economies.
EOS is the next level of connectivity - a new ecosystem.
We can own a piece of it IN ADDITION TO our current ecosystem.
If we don't do it someone else will and we won't own any of it.

I am almost 100% sure I would be in favour of a worker proposal to pay for the implentation of BTS onto EOS.

The question, does an EOS DEX render BTS 2.0 obselete?

My main concern is that EOS can perform every single function of BTS 2.0, and more.
So what new investor or customer is going to use/buy bts if EOS is better?

I want to see that BTS 2.0 has a bone fide reason to exist after a full-scale, working implementation of EOS.
.... if it comes down to it and BTS 2.0 shareholders are forced to conclude that the best way to stay in the game is to jump ship and hold EOS instead... then so be it.
In this crypto wild west of ruthless competition this may well be what should be expected.
......But currently the BTS 2.0 community could be viewed as a "team", all on the same side. A tough choice between "stay with BTS 2 or jump to EOS" could it not conceivable result in a race to the bottom?
Will there be a unique BTS 2.0 feature set that ensures a "floor price" of bts in the event that many investors dump and switch to EOS?

Quote
With what is happening This Summer, you  won't even be thinking about EOS till Christmas.
IF HERO works, I am confident it will. I'm sure there's other stuff too.
How useful is HERO if BTS 2.0 expires by the end of 2017? (because of EOS)

Quote
EOS links chains, think about that for a second
If this is the main purpose, use case, selling point, the main reason to hold EOS then that is fantastic.

But when "EOS should have it's own native DEX" is mentioned, this makes me wonder what percentage of EOS' profitability will come from linking chains, facilitating other crypto-systems.
If EOS can do things like make it's own DEX, why should EOS bother enabling chain-linking coins like DOGEcoin to Monero?
... Why not just build Monero and DOGEcoin on EOS itself and steal all their customers?

Why should EOS bother to 'link' BTS 2.0 chain to anybody else's chain?
"Here customer, EOS' let's you connect to BTS2.0!!! ... but don't bother, we can do everything for you for cheaper using our EOS DEX. I'll link you straight there instead and save you the hassle of obsolete BTS2"

90
General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 16, 2017, 07:47:19 pm »
Quote from: JoeyD on May 16, 2017, 05:09:38 pm
Quote from: Permie on May 16, 2017, 04:54:22 pm
I think it probably will be good news for BitShares 2.0

I do not think that Dan will have spent another 18months of his valuable time redoing what he achieved with BitShares 2.0.
I'm confident that EOS will benefit BTS 2.0 shareholders.

But what if it doesn't? This isn't Dan's baby anymore and the decision is for the shareholders

I completely agree with your idea of staying as independent as possible. The chance that eos will be opensource is pretty high, so even in a worst case scenario, we are at least able to glean some technical inspiration from it. Hell from the looks of it, bitshares is in way better shape than projects like ethereum. I wouldn't want to be in their shoes, if even half of what's been leaked is true.

Then again ethereum apparently never had any problems with funding and hype, which of course had nothing to do with these big and nasty hidden powers behind the project, that have absolutely no nefarious agenda at all. Those powers would of course never use any untowards means to insure their monopoly.
I don't follow the Ethereum at all (why bother ;) ), what has been leaked?
Could you give me your quick summary?

I remember your attitude on shareholder freedom over the years, I was hoping you'd chime in :)

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