I got out of Bitcoin many months ago.

I only use them to get into and out of BTSX, when needed, holding them for as short a time as possible.

I did take a significant flyer on Ether genesis, hoping to possibly duplicate the significant profit we got from getting in on the BTSX genesis block, but I'm not holding my breath, and expect to move all that back to BTSX, as soon as I can, for as long as ether is pushing towards mining/POW.

I agree POW is dead medium term+, short term BTC has been better than most alts though and more stable and besides BitShares there's nothing that interests me much.

I have zero ether I didn't like their model. Also it seemed like a locked up investment in POW for the next 4 months+, so not appealing to me.

From the threads here Vitalik seems like a really smart mature humble guy,  he's certainly investable though.

  If BTSX is able to maintain its peg by backing bitUSD with BTSX and can share the transaction fees with bitUSD holders, then the demand for bitUSD will be enormous.   Due to the collateral system that requires effectively 3x the value of all bitUSD deposits to be held as collateral in BTSX,

This is where the value is for me and what other companies don't have. Every dollar worth of our product in circulation probably equals two to three dollars worth of value for BTSX?

I imagine the valuation will be primarily driven by how much 'BitAssets In Circulation' are increasing on average per month, not earnings from fees.

I mean a normal vault just earns a small percentage from the fees for each dollar of storage demand or trading in the case of an exchange & so their value is derived from that, but in BTSX, every $10 million of new outside BitAsset storage demand also directly adds at least $10 millon, probably $20-30 million to the value of the BTSX CAP, that's huge, no? How do you value that?

Like in the first month there are already circa $500 000 worth of BitAssets already in circulation. How many will be added per month as more BitAssets are introduced and now that we have BitYield!!    and how much will that rate be increasing by per month as adoption & demand continues and the system becomes perceived as more robust and safe? I think it's conservative to guestimate even now that the amount of BitAssets in circulation could be increasing by $2 million a month on avg. by month 12. That requires $70 million a year (3x value of BitAsset Deposits) of BTSX to be additionally tied up per year  most of which will have be added to the current CAP.  Multiply that by a few years and then add the earnings to the valuation too. It seems like BTSX will be worth a fortune based on legitimate valuations very early on.

Quote from: Empirical1.1 on September 10, 2014, 10:29:14 pm

Thanks.

And shorts entered in that way don't show up in the order book right? But they will be first to be filled?

They will not show up true.
They will be executed first - wrong.
They will be executed if/when they come to 10% from the feed price. (more precisely if/when the feed price moves in that direction and their price(Pshrt) ;  Pshrt >= 90% of feed price)

Great, thanks, I think I understand better now. Where can I send the 250 BTSX? 

I think they should make it easier to enter shorts that way, hopefully this is all easy for traders.

(Edit: I haven't looked properly at the BitShares Music model, but it doesn't look very good.)

Quote from: Empirical1.1 on September 10, 2014, 09:39:51 pm

Quote from: Empirical1.1 on September 08, 2014, 10:45:50 pm

Quote from: bytemaster on September 08, 2014, 08:46:48 pm

When viewing the market as $ per BTSX... the current price is $0.038
You can place a short order at up to $0.042, the short order will only execute against people asking $0.038 or less per BTSX. 

No need to be the "first to submit" unless you are attempting to short at more than $.042...

Edit: On the short BTSX page if the median price is 26.5 (or $0.038) it only lets me enter a short higher than 26.5 which is <$0.038. So how do I enter a short at up 24 ($0.042) as per the example above?

I'm obviously being stupid but this is the thread for it...

I still don't know how to enter a short at a higher $ value than the median. BM's example seems to suggest I can enter a short up to 10% below the peg so that I get to be first in line when there's an opportunity to short at 1-1 and the difference is captured as fees. What am I misunderstanding here.

Enter it through the console, you might have to set allow_stupid_XXXX to true in some cases...
I requested implementing allow_general_stupidity command, as it will serve/describe me better, but I still do not see it ...

I presume you're joking about the console thing, I don't know what's going on. It seems everyone else understands.

Simple question to anyone. We used to allow shorting below the peg, this damaged the peg because too many wanted to short, so we introduced price feeds so that no BitUSD could be brought into existence unless there was demand for it at 1-1.

However I thought people could still compete at 1-1 by entering orders below the peg (like 0.95) so that they would be first in line to short if someone wanted to buy BitUSD at 1-1 or above (& the difference would be captured as fees) However I can't enter a short below the median, watsup?

Or what simple thing am I not understanding, 250 BTSX to the first person that can make me understand.

I'd prefer to see BitSLV and BitGLD up first myself.

I think it means what it says. You can use your stake to vote for delegates and right now not all your stake from your account is going to your votes.

If you click on the account, click on vote and then select update vote, (Voting by sending to yourself) I assume the alert icon will go away.

- Decentralisation. I don't see how centralization would ever become a problem. DPoS solves the mining problem brilliantly.

The market peg is the biggest question mark.

DPOS is great but BTSX isn't decentralised yet.

Until there's a decentralised development system in place or alternatively a client that needs very little development. BTSX will be very centralised for 3 months+ I imagine. BTC38 also controls a large % of BTSX which is a centralised weak point.

The market peg isn't a question mark for me, by stopping shorting below the peg and introducing BitYield, I'm very optimistic. Probably some tweaking will happen but I expect to it work well.

(Not withstanding that I'm kind of confused about how basic aspects of shorting work in practice...)