BitShares Forum

Main => Technical Support => Topic started by: Stan on June 11, 2015, 06:32:18 pm

Title: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Stan on June 11, 2015, 06:32:18 pm
If you are looking for something to do, stop by and help answer questions on bitcointalk:

[ANN] BitShares 2.0 (https://bitcointalk.org/index.php?topic=1084460.msg11567556#msg11567556)

Be nice.  :)
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: mike623317 on June 11, 2015, 06:56:52 pm
I assume that, from a savers point of view, you can still save in bitgold, bitsilver etc and still earn a yield for holding that asset.
Does anyone know if that is still the same in 2.0?
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Method-X on June 11, 2015, 06:59:44 pm
I assume that, from a savers point of view, you can still save in bitgold, bitsilver etc and still earn a yield for holding that asset.
Does anyone know if that is still the same in 2.0?

It's being phased out with Graphene. The #1 criticism of MPA has always been "but if you get interest it's obviously a scam". I say it's a good thing to do away with it.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: maqifrnswa on June 11, 2015, 07:00:20 pm
I assume that, from a savers point of view, you can still save in bitgold, bitsilver etc and still earn a yield for holding that asset.
Does anyone know if that is still the same in 2.0?

Yes, but not as straightforward. You have to use the bond market.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Stan on June 11, 2015, 07:39:13 pm
I assume that, from a savers point of view, you can still save in bitgold, bitsilver etc and still earn a yield for holding that asset.
Does anyone know if that is still the same in 2.0?

Yes, but not as straightforward. You have to use the bond market.

"Not as straigtforward" = "Much more powerful, flexible and general purpose"  :)
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Ander on June 11, 2015, 07:48:06 pm
The interest on bitassets didnt really make sense.  There was no reason for shorts to actually pay interest, and when they did the main result was to screw the shorts over.

In the new system you should be able to get interest through bonds.  It will make a lot more sense.

Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: mike623317 on June 11, 2015, 07:59:50 pm
The interest on bitassets didnt really make sense.  There was no reason for shorts to actually pay interest, and when they did the main result was to screw the shorts over.

In the new system you should be able to get interest through bonds.  It will make a lot more sense.

Thats cool. Speaking for myself, i'm not interested in using this as a saving tool. I loved the idea of saving in gold, silver, CYN, wheat or something else. 

You guys did an amazing job, so kudos in abundance.  +5%
If i can ask for one thing, it would be some easy to use tutorials for the average non techie user please.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: CLains on June 12, 2015, 10:44:41 am
When people like markm come around you know we're finally getting through,

https://bitcointalk.org/index.php?topic=1084460.msg11579087#msg11579087



Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: jsidhu on June 12, 2015, 12:11:54 pm
When people like markm come around you know we're finally getting through,

https://bitcointalk.org/index.php?topic=1084460.msg11579087#msg11579087
I hope he swings by.. He's a pretty smart dude
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Akado on June 12, 2015, 12:26:48 pm
could we please not reply to the trolls on the thread? otherwise it will turn into a joke. If they don't get a reply they will eventually get tired and stop doing it.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: nomoreheroes7 on June 12, 2015, 12:56:27 pm
could we please not reply to the trolls on the thread? otherwise it will turn into a joke. If they don't get a reply they will eventually get tired and stop doing it.

This. The petty squabbling looks ridiculous. Just ignore it and they will eventually go away. Seemed to work on the communist thread after a while, hah.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: karnal on June 12, 2015, 04:50:35 pm
^^ yes, agreed.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Stan on June 12, 2015, 05:29:46 pm
Here's a serious question someone is asking on bitcointalk.
I haven't done the calculations myself, but surely someone here has?

1 protoshare (held from the beginning) should equal x bitshares, and x this chain,  and x that chain. So what value is the protoshare now (counting all its spinoffs)?

https://bitcointalk.org/index.php?topic=1084460.msg11601778#msg11601778

Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Riverhead on June 12, 2015, 06:02:54 pm

Snapshot Allocation Worksheet: https://docs.google.com/spreadsheets/d/1M65Gt1mFstAgTkECJfUX18f187tGzqJeXT7877qLv-M/edit?usp=sharing (https://docs.google.com/spreadsheets/d/1M65Gt1mFstAgTkECJfUX18f187tGzqJeXT7877qLv-M/edit?usp=sharing)

Currently I think it's the following:

1 PTS =    $3.55
BTS        421.2685327
NOTE    252.9808069
PLAY        203.6097517
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Empirical1.2 on June 12, 2015, 06:58:16 pm
Here's a serious question someone is asking on bitcointalk.
I haven't done the calculations myself, but surely someone here has?

1 protoshare (held from the beginning) should equal x bitshares, and x this chain,  and x that chain. So what value is the protoshare now (counting all its spinoffs)?

https://bitcointalk.org/index.php?topic=1084460.msg11601778#msg11601778

It would be interesting to work out, at the current time I would guess ProtoShares investors have lost about 50% of their investment in dollar terms.

Given that that PTS was valued at $20-25 million in early 2014 pre BTSX snapshot. They were given 50% of BTSX which was further diluted in the BTS merger, so about $8 million worth of value at today's BTS CAP. PTS 2.0 is only worth $200 000 and the other main PTS honouring chains, PLAY & MUSIC are only worth a few million each I assume.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Ander on June 12, 2015, 07:05:07 pm
Yes, Bitshares today, on the verge of 2.0, is worth less than half of what it was when it was just an idea and a proof of work coin.

This is why it would be perfectly reasonable for Bitshares to go up 1000% from here, just from the release of 2.0.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Empirical1.2 on June 12, 2015, 07:12:43 pm
Yes, Bitshares today, on the verge of 2.0, is worth less than half of what it was when it was just an idea and a proof of work coin.

This is why it would be perfectly reasonable for Bitshares to go up 1000% from here, just from the release of 2.0.

Those were the old days of crypto imo. Alts have failed to bring in or attract many new users &/or find many profitable use cases despite the numerous 'exciting' developments these last few years. At this stage, I believe investors want to see cold hard numbers. Users increasing, BitAssets increasing, profit etc. I doubt the release of 2.0 would push us above $30-40 million.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: Ander on June 12, 2015, 07:25:37 pm
Yes, Bitshares today, on the verge of 2.0, is worth less than half of what it was when it was just an idea and a proof of work coin.

This is why it would be perfectly reasonable for Bitshares to go up 1000% from here, just from the release of 2.0.

Those were the old days of crypto imo. Alts have failed to bring in or attract many new users &/or find many profitable use cases despite the numerous 'exciting' developments these last few years. At this stage, I believe investors want to see cold hard numbers. Users increasing, BitAssets increasing, profit etc. I doubt the release of 2.0 would push us above $30-40 million.

Bitcoin would have to break out of its bear phase, of course.
Title: Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
Post by: testz on June 12, 2015, 07:56:19 pm

Snapshot Allocation Worksheet: https://docs.google.com/spreadsheets/d/1M65Gt1mFstAgTkECJfUX18f187tGzqJeXT7877qLv-M/edit?usp=sharing (https://docs.google.com/spreadsheets/d/1M65Gt1mFstAgTkECJfUX18f187tGzqJeXT7877qLv-M/edit?usp=sharing)

Currently I think it's the following:

1 PTS =    $3.55
BTS        421.2685327
NOTE    252.9808069
PLAY        203.6097517

You forget that 1 PTS = x PTS-DPOS = x$