Man i bought my stash at 825 so Im a little bit down right now but Im not that much worried I cannot anybody wanting to sell at those price for much longer.
Man i bought my stash at 825 so Im a little bit down right now but Im not that much worried I cannot anybody wanting to sell at those price for much longer.
"I cant believe people are selling at these prices!" has been said for the last 2 years and since the market cap was over $40mil... So far the sellers, of which the big ones were bts founders, have been on the right side of the trade.
yum. bts price is silly to me. The projects going in bts have not died (quite the opposite actually) and volume on the exchange is going up from what ive been hearing. :)Dont see you championing Sharebits any longer
"Losers average Losers"- Paul Tudor Jones (basically means loser investors average down on their bad investments...which most people here are). Go ahead, keep bringing down your "cost average" and getting excited over every pump to lower highs... millions of bankrupt investors have done the same thing.
"Losers average Losers"- Paul Tudor Jones (basically means loser investors average down on their bad investments...which most people here are). Go ahead, keep bringing down your "cost average" and getting excited over every pump to lower highs... millions of bankrupt investors have done the same thing.
Yeah basically this. Once I stopped trying to buy bitshares I started doing much better in crypto. Lisk has made back a bunch of my BTS losses. Maybe it will make them all back.
"Losers average Losers"- Paul Tudor Jones (basically means loser investors average down on their bad investments...which most people here are). Go ahead, keep bringing down your "cost average" and getting excited over every pump to lower highs... millions of bankrupt investors have done the same thing.
Yeah basically this. Once I stopped trying to buy bitshares I started doing much better in crypto. Lisk has made back a bunch of my BTS losses. Maybe it will make them all back.
And may be opposite, it will double your loss :)
yum. bts price is silly to me. The projects going in bts have not died (quite the opposite actually) and volume on the exchange is going up from what ive been hearing. :)Dont see you championing Sharebits any longer
Some people here talk about delusion. This is not a real problem. The real problem is no real world use cases for bitshares. People invest in microsoft, because microsoft sells software to whole the world and makes gozillions $$. Apple sells a bunch of pretty shit which is dear for allfaggotsgays in the world. That is why their shares are valuable. And you still can lose money investing into them. What does bitshares sell? An exchange, which nobody wants to use. How do you expect your investment in BTS to appreciate in this case? Yes, I know, some idiots will reply: look I invested in ponzi pyramid shit ICO, which sells nothing but shitcoin, and doubled my investment in one week. Keep investing in ponzi pyramids, idiots, and you finally will lose more than you gained. Investing in ponzi pyramid is only profitable if there are enough more stupid idiots around you to invest after you.
Some people here talk about delusion. This is not a real problem. The real problem is no real world use cases for bitshares. People invest in microsoft, because microsoft sells software to whole the world and makes gozillions $$. Apple sells a bunch of pretty shit which is dear for allfaggotsgays in the world. That is why their shares are valuable. And you still can lose money investing into them. What does bitshares sell? An exchange, which nobody wants to use. How do you expect your investment in BTS to appreciate in this case? Yes, I know, some idiots will reply: look I invested in ponzi pyramid shit ICO, which sells nothing but shitcoin, and doubled my investment in one week. Keep investing in ponzi pyramids, idiots, and you finally will lose more than you gained. Investing in ponzi pyramid is only profitable if there are enough more stupid idiots around you to invest after you.
Some people here talk about delusion. This is not a real problem. The real problem is no real world use cases for bitshares. People invest in microsoft, because microsoft sells software to whole the world and makes gozillions $$. Apple sells a bunch of pretty shit which is dear for allfaggotsgays in the world. That is why their shares are valuable. And you still can lose money investing into them. What does bitshares sell? An exchange, which nobody wants to use. How do you expect your investment in BTS to appreciate in this case? Yes, I know, some idiots will reply: look I invested in ponzi pyramid shit ICO, which sells nothing but shitcoin, and doubled my investment in one week. Keep investing in ponzi pyramids, idiots, and you finally will lose more than you gained. Investing in ponzi pyramid is only profitable if there are enough more stupid idiots around you to invest after you.
... I have a question, what merger is going to happen on nov 5?
GANDALF: Let the Ringbearer decide
Frodo looks confused and turns to Sam
BOROMIR: We cannot stay here! (Merry and Pippin look frozen and scared next to him) This will be the death of the hobbits!
GANDALF: Frodo ?
FRODO: (hesitating) We will go through the Merger...
GANDALF: So be it
thanks for explaining stan!... I have a question, what merger is going to happen on nov 5?
The Merger That Kept BTS Alive happened on Nov 5, 2014.GANDALF: Let the Ringbearer decide
Frodo looks confused and turns to Sam
BOROMIR: We cannot stay here! (Merry and Pippin look frozen and scared next to him) This will be the death of the hobbits!
GANDALF: Frodo ?
FRODO: (hesitating) We will go through the Merger...
GANDALF: So be it
Vesting balances from merged AGS and PTS finish vesting on Nov 5, 2016.
At that point new supply coming onto the market will drop, perhaps like the July Halving of Bitcoin.
So in July we may get a Bitcoin preview of what happens to BitShares in November.All other things being equal.
Meanwhile, the nattering nabobs of negativity will continue to relentlessly suppress demand by sharing their worst fears as if they were facts, while vesting continues to increase supply for five more long months. Everywhere there is blood in the streets. 8)
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: a waste of desert sand;
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds...
-- William Butler Yeats, The Second Coming
So in July we may get a Bitcoin preview of what happens to BitShares in November.
One idea that comes to mind that has been mentioned before is the large online gaming space. Video games that use a built in currency or credit system. These could be replaced and powered by BitShares where the "currency" can live outside the virtual world. People play these MMO games 24/7 and buy/sell virtual items inside and outside of the game itself. A game such as World of Warcraft or Everquest where there is virtual Gold, Silver, Copper, etc... why not have this run a blockchain issued by the game developer? This takes the community to push these idea's to "real world" companies. BitShares does offer quite a bit over other crypto that is simply a transfer of value. Real time worldwide Dex, smartcoins, UIA, and the list goes on. Each of these could span countless real world products.
"Losers average Losers"- Paul Tudor Jones (basically means loser investors average down on their bad investments...which most people here are). Go ahead, keep bringing down your "cost average" and getting excited over every pump to lower highs... millions of bankrupt investors have done the same thing.
Yeah basically this. Once I stopped trying to buy bitshares I started doing much better in crypto. Lisk has made back a bunch of my BTS losses. Maybe it will make them all back.
From the mumble today according to Dan:
Bitshare's network won't die... but it's hard to find justification for the bitshares token to have a higher market cap, even if the network does continue to grow.
Congrats bitshares holders, please tell me how bullish this is!
(http://image.prntscr.com/image/e0fd7980e2a4416faafa48949dffe6ed.jpg)
I will leave this here....Quote(http://image.prntscr.com/image/e0fd7980e2a4416faafa48949dffe6ed.jpg)
Full article here... https://steemit.com/steem/@gavvet/understand-steem-the-crypto-currency-and-dont-get-burned
Wrong...
What is happening with bitshares is not a "dump and pump". The price has been at or near the all time low for months.... Any whale who wanted to accumulate a position has had ample time to do that without conspiring to manipulate the price.
We were all just told by the creator of bitshares that he doesn't see a reason for the bitshares token to have significant value...To me this sounds like "The ship needs some steering" I haven't heard the beyond bitcoin episode today, maybe there is something more to it...
There is no conspiracy to supress bitshares price... That's just an excuse for being wrong on an investment and not taking responsibility.
Example: White Swan #3 - A major whale suddenly picks BitShares as the best technology upon which to base its own planned offerings
How would a major whale "suddenly" realize BitShares was the best technology?How come you think no one is promoting BitShares?
If no one is promoting BitShares, and we're just aimlessly drifting around, that doesn't sound like a great way of becoming noticed.
The equivalent of that is a small burger joint with the best burger in your neighborhood hoping that "suddenly" a whale investor will happen to walk in, eat the burger, and then buy out the business and turn it into a franchise for millions.We make you the best burger the fastest ..
From the mumble today according to Dan:
Bitshare's network won't die... but it's hard to find justification for the bitshares token to have a higher market cap, even if the network does continue to grow.
Congrats bitshares holders, please tell me how bullish this is!
From the mumble today according to Dan:
Bitshare's network won't die... but it's hard to find justification for the bitshares token to have a higher market cap, even if the network does continue to grow.
Congrats bitshares holders, please tell me how bullish this is!
If bitassets were actually used, wouldn't the BTS market cap necessarily have to be higher? The collateral has to be more valuable.
From the mumble today according to Dan:
Bitshare's network won't die... but it's hard to find justification for the bitshares token to have a higher market cap, even if the network does continue to grow.
Congrats bitshares holders, please tell me how bullish this is!
Reddit hypothesized that its platform would be improved if everyone who contributed to reddit.com by posting stories, adding comments or voting were rewarded with a fair share in Reddit, Inc1. Steem aims to support social media and online communities by returning much of its value to the people who provide valuable contributions
As of 2015, Reddit had 542 million monthly visitors (234 million unique users), ranking 14th most visited web-site in US and 36th in the world.[6] Across 2015, Reddit saw 82.54 billion pageviews, 73.15 million submissions, 725.85 million comments, and 6.89 billion upvotes from its users.[7]
I.REALLY LIKED YOUR VISION!From the mumble today according to Dan:Your vision of a bussiness impressed me. Hanks for share
Bitshare's network won't die... but it's hard to find justification for the bitshares token to have a higher market cap, even if the network does continue to grow.
Congrats bitshares holders, please tell me how bullish this is!
Well it's hard to have a justification till Nov 5th when they, the largest holders of PTS & AGS and therefore merger shares are likely selling.
However the primary business model for BTS continues to be SmartCoins imo but they do require BTS to introduce liquidity subsidies and continue to make the DEX as user friendly as possible. (I'm also in favour of Yield subsidies for the period of time SmartCoin growth outpaces it.)
If demand for Smartcoins (Backed by BTS) grow over time then demand for BTS will grow with it until such time as the SmartCoin market reaches maturity. (Possibly many years in the future.) At that stage you would monetize your customer base through transaction fees in order to generate a return for shareholders like a more a traditional business. (As well as sell them other related products and services on BTS.)
(http://crackmba.com/wp-content/uploads/2012/03/Product-Life-Cycle.jpg)
Another business model on BTS is also a pure DEX model with trading fees for a range of user issued assets. While less lucrative imo, with CEX's like Coinbase valued at >$500 million there's also some potential there by growing that market to become the leading DEX & monetizing that customer base.
This is stark contrast to Steemit, which I see as being sub $1 million/uninvestable.QuoteReddit hypothesized that its platform would be improved if everyone who contributed to reddit.com by posting stories, adding comments or voting were rewarded with a fair share in Reddit, Inc1. Steem aims to support social media and online communities by returning much of its value to the people who provide valuable contributions
It has an almost guaranteed constant loss making business model by paying users to subscribe and paying them again for content while having limited potential for future monetization as demonstrated by Reddit.QuoteAs of 2015, Reddit had 542 million monthly visitors (234 million unique users), ranking 14th most visited web-site in US and 36th in the world.[6] Across 2015, Reddit saw 82.54 billion pageviews, 73.15 million submissions, 725.85 million comments, and 6.89 billion upvotes from its users.[7]
https://en.wikipedia.org/wiki/Reddit
Even with those stunning metrics Reddit only generated $8 million in ad revenue in 2014 and less than $1 million from their subscription service I believe.
http://www.recode.net/2014/3/3/11624114/still-in-the-red-reddit-to-donate-one-tenth-of-ad-revenue-to-charity
Even after 10 years REDDIT is still in the RED. (It costs them more to operate Reddit than they gain in revenue.) Imagine if they had to pay for all the good/popular content on top of that... (Try some numbers, it's scary :) )
So it will take many years of work to get to a fraction of Reddit's size and even then the opportunity is not very lucrative plus their, (Steem) model adds a lot of additional costs.
(Reddit users are also fickle and attempts to monetize further have been met with resistance and loss of userbase. Reddit also donate 10% to charity for positive PR. This indicates not only the difficulty of monetizing something similar to a Reddit type platform but also the fickleness of the users and the importance of positive PR. Given the unpopularity with the way they launched it's unlikely Steem will have the positive public perception needed among crypto-currency users (which may make up a large part of its initial userbase/target market) to gain strong initial traction either. You could hope that adoption of your currency outpaces costs but again it would be unpopular and viewed perhaps rightly as centralized so is unlikely to be adopted to any meaningful degree in it's own right either.)
Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.+5% +5% +5%
i do not undestand where the demand for STEEM is coming from, when you don't need it to post. It is like right now in BitShares. The fees are low and the products who would increase the market cap (pegged assets) are not widly in use.
STEEM is maybe a good trade, because of the small amount of available shares, but i do not believe in more.
BitShares? At the moment with no "core" team in place with targets the market cap will not move and the userbase will not grow much.
Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.
Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform. Words can say everything, but you will see what the people really feel if you watch closly.
You are missing the part that STEEM has a broader audience than the bitshares supporters, the average crypto-fan has no idea what an OPEN.BTC or OPEN.STEEM is and how to use openledger, If you think that the best time to educate them is on the instant that a new coin launces then good luck with that. Btw Coinmarketcap lists all exchanges as usual.
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.
Ouch...
Oh! now I can understand it all!
It's prety obvious by now that some "people" on this forum love and care more about BTS and STEEM than BM himself! AMAZING!!!!!
BM is the bad guy! the evil one! WOW! LOL
I sudently feel much more "safe" knowing that we have such "good" and "caring" folks around!
What should our next step be, you oh seekers of "justice" and sentinels of "truth"?
Please enlighten us with your infinite wisdom!!!!!! What should we do? Sell? dump? FUD? Troll? whine?
SPEEEEAAK you immortal GODS!!!
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.
Ouch...
Assume for a moment that you were launching steem and trying to make it successful. Where would you direct people?
I Iove to help bts, but not at the expense of steem. The truth is bts would create a higher barrier to entry for most people.
Is that my fault? How can we lower the barrier to entry for bts?
Sent from my iPhone using Tapatalk
its cool with me. but i think open ledger could have traded first. it should not have been the fiasco it was. they felt screwed over. the bts shareholders too.BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.
Ouch...
Assume for a moment that you were launching steem and trying to make it successful. Where would you direct people?
I Iove to help bts, but not at the expense of steem. The truth is bts would create a higher barrier to entry for most people.
Is that my fault? How can we lower the barrier to entry for bts?
Sent from my iPhone using Tapatalk
BM can't easily and anonymously dump his premined Steem on OpenLedger without it becoming a big deal. Much better for him to get buyers going to Bittrex.
Ouch...
Assume for a moment that you were launching steem and trying to make it successful. Where would you direct people?
I Iove to help bts, but not at the expense of steem. The truth is bts would create a higher barrier to entry for most people.
Is that my fault? How can we lower the barrier to entry for bts?
Sent from my iPhone using Tapatalk
import java.io.BufferedWriter;
import java.io.File;
import java.io.FileWriter;
import java.io.IOException;
public class FudUnlimited {
public static void main(String[] args) {
try {
String fudContent = "Fill this with HUGE amounts of FUD and Trolling and whining !";
File fudThread = new File("my_FUD_Thread.txt");
// if FUD thread doesn't exist, then create it
if (!fudThread.exists()) {
fudThread.createNewFile();
}
FileWriter fudExcuse = new FileWriter(fudThread.getAbsoluteFile());
BufferedWriter fudExcuse = new BufferedWriter(fudExcuse);
fudExcuse.write(fudContent);
fudExcuse.close();
System.out.println("FUDing was Succesfull!!!");
} catch (IOException e) {
//in case something goes wrong... we gots PLAN B!
boolean infiniteFudState = true;
while (infiniteFudState != false;){
System.out.println(fudContent);
}
}
}
}
Just as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform.
QuoteJust as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform.
@bytemaster @fuzzy @Stan
Please can you tell us or bring this up on the next mumble, why is it we're using Bittrex and not Openledger? I'm sure there is a good reason and may have missed on some other thread.
Thanks
QuoteJust as a reminder. Go to STEMMIT.com click on the left sidebar and click "buy steem" you will be not be redirected to Openledger but to Bittrex. So, the creator of BitShares is not linking and supporting his own plattform.
@bytemaster @fuzzy @Stan
Please can you tell us or bring this up on the next mumble, why is it we're using Bittrex and not Openledger? I'm sure there is a good reason and may have missed on some other thread.
Thanks
+5% * infinity
IS BTS dead?
I will post this to steemit myself this time, but will ask you to consider going to the #beyondbitcoin tag on steemit.com to participate in these discussions and upvote those topics you feel most important.
I will post this to steemit myself this time, but will ask you to consider going to the #beyondbitcoin tag on steemit.com to participate in these discussions and upvote those topics you feel most important.
@fuzzy , what about people who opt not to have anything to do with facebook (or reddit) and also do not feel comfortable to give away their phone number? (AFAIK this will be the future third option to verify your identity on steemit).
So I guess the question at this point is: is funding beyond bitcoin's future expansion worth making an account on steemit and upvoting content? Or should I start charging people to join? Sell adspace (which doesn't work so well when you have chosen to primarily help bitshares as opposed to the entire crypto ecosystem)?
So I guess the question at this point is: is funding beyond bitcoin's future expansion worth making an account on steemit and upvoting content? Or should I start charging people to join? Sell adspace (which doesn't work so well when you have chosen to primarily help bitshares as opposed to the entire crypto ecosystem)?
It's your choice to make, fuzzy.
I'm just giving you feedback that you might lose some audience because for various reasons some of us prefer this forum to steemit.
I will post this to steemit myself this time, but will ask you to consider going to the #beyondbitcoin tag on steemit.com to participate in these discussions and upvote those topics you feel most important.
@fuzzy , what about people who opt not to have anything to do with facebook (or reddit) and also do not feel comfortable to give away their phone number? (AFAIK this will be the future third option to verify your identity on steemit).
We are testing this at present and might have to move away from it, but the short answer is: Steemit offers me for the first time the ability to start funding this operation and everything I have to do every week to make sure it happens...If people ask questions and participate on steemit, I don't have to worry about going out and trying to sell ad space and other things I personally dislike having to deal with when listening to podcasts.
So I guess the question at this point is: is funding beyond bitcoin's future expansion worth making an account on steemit and upvoting content? Or should I start charging people to join? Sell adspace (which doesn't work so well when you have chosen to primarily help bitshares as opposed to the entire crypto ecosystem)?
With this said...I suppose I could let people send me their questions and post them myself---but then I will be the one earning from upvotes on those topics. I guess it is up to you what you plan on doing, but I would love to hear your thoughts on my reasoning and any potential ways of making what i'm doing more efficient(less work = more accomplished) and paying to continue and hopefully expand beyond bitcoin further in the future.
So I guess the question at this point is: is funding beyond bitcoin's future expansion worth making an account on steemit and upvoting content? Or should I start charging people to join? Sell adspace (which doesn't work so well when you have chosen to primarily help bitshares as opposed to the entire crypto ecosystem)?
It's your choice to make, fuzzy.
I'm just giving you feedback that you might lose some audience because for various reasons some of us prefer this forum to steemit.
Are we now in the Beyond Bitshares phase?
BTS is already a zombie.a lot of people loves zombies, me too 8)
If BitShares stake-holders had a 60% stake in Reddit, how long would it take for BitShares to become successful?