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Messages - merlin0113

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46
arhag can you code? You have lots of ideas but your posts are often so long that I don't think anybody reads them. It would be useful if you could express these ideas in a more succinct way and/or possibly actually develop them.

I do read every post arhag is writing , and it does not matter how long it is, everything he's posting, to these day I've never find a fault All he's ideas have some "aha" moments for me. I will venture to say that second to bytemaster and Stan, it is arhag posts that I'm looking the most to read. Whatever he writes brings a lot a value to our forum and bitshares. It is so very few people that can understand this deep this amazing technology, that you, vikram, and I3 team are working so hard to develop.

 Your point it is fair tough I can't imagine how valuable will be arhag  in developer team ! ! I thing he should be a 100% delegate except probably he does not want it right now.

So arhag what it will take for you to be a 100% paid delegate ?  I'm pretty sure you'll have no problem to get all the votes you need.

I feel the same!

来自我的 M040 上的 Tapatalk


47
I like successcouncil's passion about bitshares and even better he is probably an early bitcoin adopters because he claims he has 4 figure bitcoin. We have many early bitcoin adopter bitshares fans in china already and speak for bitshares. I am happy to see the same grows in western.

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48
In-blockchain IOUUSD? This is really good to have something like this by other ppl outside bitshares which means this USD shares kinda "VALUE ". I can boldly predict this will encourage elite ppl of bitshares enthusiasim to launch their own GATEWAY USD, when bts wallet is stable.

来自我的 M040 上的 Tapatalk

49
General Discussion / Re: [ANN] Our New Website Is Live!
« on: February 17, 2015, 01:20:38 am »
Pls remove the rate of bitcny/cny,bitusd/usd,etc. on the topside of front page. I think its very misleading, not to mention where you grasped this data in the first place.

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+1

updated!

Thank you for updating this.

Could you please tell me what was the reason to do this back then?

?

I mean you must had reasons back then. Could you share it?

50
General Discussion / Re: [ANN] Our New Website Is Live!
« on: February 17, 2015, 12:56:05 am »
Pls remove the rate of bitcny/cny,bitusd/usd,etc. on the topside of front page. I think its very misleading, not to mention where you grasped this data in the first place.

来自我的 M040 上的 Tapatalk

+1

updated!

Thank you for updating this.

Could you please tell me what was the reason to do this back then?

51
中文 (Chinese) / Re: 发布资产BOTSCNY
« on: February 16, 2015, 06:10:18 pm »
赞。 支持!
重大利好!BOSHEN时隔8个月后再次在论坛发声!!!!!!

我读书少,你不要骗我。

来自我的 M040 上的 Tapatalk


52
General Discussion / Re: [ANN] Our New Website Is Live!
« on: February 16, 2015, 05:02:17 pm »
Pls remove the rate of bitcny/cny,bitusd/usd,etc. on the topside of front page. I think its very misleading, not to mention where you grasped this data in the first place.

来自我的 M040 上的 Tapatalk

53
This seems like a bad idea.  We need direct fiat gateways, not exchanges.
We need to survive first before we get fiat gateways.

To this argument, I have a question:
Can exchange remain its business mode while serve as a BTS gateways or bridge at the same time?
Reference material:
http://bytemaster.bitshares.org/update/2014/12/18/Benefits-of-Being-a-BitShares-Gateway/
https://bitshares.org/resources/gateways

You will always have exchanges, because decentralized exchanges are too slow. The market is going to consolidate around two poles: highly trustable, local, fast and feature rich centralized liquidity pools, trustess and global but slow and feature poor decentralized exchanges acting as cross-currency money networks between the pools.
By becoming a Bitshares gateway, BTER will be to Bitshares like Bitstamp is to Ripple, except that being a majority stake holder, Bitshares will have much more control over what's going on at BTER.

Exactly, so this argument is not there.

54
This seems like a bad idea.  We need direct fiat gateways, not exchanges.
We need to survive first before we get fiat gateways.

To this argument, I have a question:
Can exchange remain its business mode while serve as a BTS gateways or bridge at the same time?
Reference material:
http://bytemaster.bitshares.org/update/2014/12/18/Benefits-of-Being-a-BitShares-Gateway/
https://bitshares.org/resources/gateways

55
According to this article, exchanges would be potential gateways. But they are not becoming even one. Why is that?
http://bytemaster.bitshares.org/update/2014/12/18/Benefits-of-Being-a-BitShares-Gateway/

56
Really? Who in their right minds would want to invest in BTER?
BTER is done for, this is their final blow.

Reviving BTER for BTS purposes, is gonna hurt BTS even more.

 +5% Yeah... worst idea ever. A decentralized exchange buys a failed centralized exchange because...?
Because it would become completely irrelevant without an on/off-ramp to the real world.
Because 2M USD to buy a huge user base is a very good deal.
Because that would be the best marketing and PR movement ever in crypto history.

Bitshares will fail if BTER fails.
Mark my words.

It's not like if Bitshares was visible and widely sought after out there.  Time to awake people. If you are not deeply concerned about the implications of BTER's situation for the future of Bitshares a reality check is overdue.

If a seasoned exchange like Bter won't make a qualified on & off ramp in your eyes, which one could?

57

During the latest telephone interview with Bter CEO Han Lin, he said that this 7000+ BTC is all of their BTC cold storage reserve, now they end up with 200 BTC in their other hot wallet atm. Also he commented the hacker has been very professional, so it's hard to trace him and reclaim the lost fund.

Right now they still have no idea what method the hacker used to hack, as a result they still suspend all altcoin wallets because they don't want to risk it.

Do you have the source of the interview?

http://v.youku.com/v_show/id_XODk0MzcwNTEy.html?sharefrom=iphone
But it's in Chinese.

58
General Discussion / Re: Bter suspended
« on: February 16, 2015, 06:34:08 am »
Why can't we bail out bter? Buy it completely as our onramp/offramp channel?

I'm guessing that would be very expensive...
7170 BTCs minus reserves if any. But then future profits could be paid as dividends to shareholders to compensate for the massive sharedilution that would be necessary to bail out BTER.
Not sure how willing shareholders would be to do such acquisition. Personnaly I would throw a bunch of money in support of the price if this happens as Bitshares would suddenly become a major player in the crypto space and it would get a very positive image for saving the day.

It won't be a 7170 BTC bailout, that money is gone. What they can expect is some compensation. Maybe they are offered some assets in lieu which entitles them to a portion of the income.

One benefit for us would be the snapshot/vested balance issue.
Their business is potentially worth much more than 7170 BTC and they would have no problem raising that much from a VC. 2M USD is pocket change for a VC. As a long time partner of BTER Bitshares is in a great position to close a deal first but we shouldn't ruin that opportunity by making a low ball offer.

A share dilution to support shorting 7170 bitBTC won't even affect the BTS price since the created BTS will be immediately locked in as collateral so it won't inflate the money supply.

To my knowledge Bter is a branch company to a big company. So it's complicated to bail out it.

59

Why can't we bail out bter? Buy it completely as our onramp/offramp channel?

I'm guessing that would be very expensive...

not so expensive if they are bankrupt... What do they have that would be most valuable to us , maybe just need their licenses/compliance arrangements


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During the latest telephone interview with Bter CEO Han Lin, he said that this 7000+ BTC is all of their BTC cold storage reserve, now they end up with 200 BTC in their other hot wallet atm. Also he commented the hacker has been very professional, so it's hard to trace him and reclaim the lost fund.

Right now they still have no idea what method the hacker used to hack, as a result they still suspend all altcoin wallets because they don't want to risk it.

60
General Discussion / Re: Bter suspended
« on: February 16, 2015, 12:06:10 am »
If i remember correctly someone on bitcointalk said we were missing an announcement thread. I think this comes in great timing. If it wasn't done already, it should be done to take maximum advantage of this situation.

Well, I did just post this over on the puppies thread. 
I suppose someone could use this as the start of an announcement.
What else should it say?

Sad to see another centralized exchange get into trouble.  This hurts us all.

But this is also exactly what the BitShares Decentralized Exchange was designed to solve.  Even if you're not ready to invest in BitShares, you can still use its services to control your own destiny.

You run the exchange and control all your own keys!

You always keep your assets in your own wallet and you can then trade between them without anything leaving your wallet, accomplishing the same thing you do on centralized exchanges.  Instead of continuous 24x7 exposure of your assets to hackers on a centralized exchange, this now only happens for the few minutes you spend moving through a gateway or bridge when you want to get your hands on the actual asset.

Most of the time, you don't really want the asset, you want the exposure to that asset's price characteristics.  So you hold bitAssets in your own wallet and hop around between bitUSD, bitGold, bitCNY, bitSilver, bitEUR, bitBTC and BTS.  This set will grow, but that's a pretty good mix for trading against big movements in crypto vs. fiat.



And it stays in your own wallet where moths and rust do not consume and thieves don't break in to steal.

The chances of a hacker timing their hack to the moment you are using a centralized gateway to move in and out of the BitShares Decentralized Exchange is vanishingly small.  And you can pick your gateway at the last minute from a growing list of options.

This way, you can quickly move from the BitShares Decentralized Exchange into your favorite leading coin just in time to spend it.

And earn a bit of interest in the mean time.



Is "gateway" or "bridge" refered here https://bitshares.org/resources/gateways legal in your country?

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