now let's assume we had a liquid USD .. then you could create that index with USD as collateral .. and really let people speculate on that one number on CMC

Shoot me a PM if you want to make this real and need concrete technical assistance!

Personally I'd say going the Smartcoin way is the best option here. It's better if we dont' have to trust a 3rd party, especially over years .. otherwise it's no better than a brokerage account (well, less fees, but that's it) .. if the broker goes bust, that's it.

In fact, it's worse in this case, because the broker (UIA creator) would be small fish.

We need to take advantage of the Smartcoins.. getting rid of centralization and having to trust a third party was/is one of the big things which Bitshares could/can use to distinguish itself... IMO.

Someone raised a very interesting pont on the thread.

Who would be mad enough to short this one? And if the answer is nobody, doesn't that essentially prevent any CRYPTOTEN from ever seeing the light of day?

I don't understand the shorting rules very well, maybe it's just the opposite, people kinda always expect it to go up, so they short it and buy it for themselves.. anyone has an idea?


Either way, this could be HUGE!

Quote from: hcf27 on March 15, 2016, 02:26:35 pm

Quote from: mudshark79 on March 15, 2016, 01:50:50 pm

And you really just made it "wrong". As stated yesterday already and as anybody should know going evangelizing: This is only true if you spin up your own API-Server aka. full-Node. As soon as anybody sees fit he will ddos openledger.info into oblivion - and than the Y of X persons that followed your advice will say not so nice things to their trollbox friends.

Just sayin. If we really want to bring out the message big time we have to do it right.

I guess what I was trynig to say is that if OpenLedger gets DDoS for example you can always just import your wallet to another server with different API so your funds are not at risk...

The article doesnt really go into these kind of details, I think BTS has a lot of info and its hard for newbies to digest it.

I plan on making another article on decentralized governance, which is another value proposition of BTS

Sounds good - but please get the facts straight. "Importing the the wallet to another server with different API" is surely not what you want to do.

The DEX-Trader that plays it safe Uses
1. A local Install of the ligth wallet
2. His own API-Server (aka fullnode) he has on azure or locally
3. he puts the address of his API-Server in the ligthwallet Configuration

Something like this.

I would also mention bitAssets as an important advantage over other decentralized exchanges like ripple. What are you going to trade between? You may trade between IOUs (or UIAs), but this puts you at third party risk, same as at centralized exchanges. Or, you may choose a better option, bitAssets.

The existing annual membership code must be retired [6].  The existing annual members should be given some non-broken replacement for the broken functionality they received.  By far the simplest, least expensive thing to do is simply give them a lifetime membership -- which is a non-broken thing we already have that is similar to (and actually strictly better than) what they were supposed to get.  So we're planning to upgrade every existing annual member to a lifetime member shortly after the next release.