The BuyBack today with the following burn of 46 497 OBITS executed. Congrats!
What a mess (fraud?)?
Why purchase Obits/BTC (https://bitshares.openledger.info/#/block/11892705) transaction took place a December 5, rather than December 2?
You stole my potential income, and my time I spent waiting for redemption on December 2 !!!
Why December 2nd ransom Obits/BTS (https://bitshares.openledger.info/#/block/11892705) = 442 200 instead 731 883?
I demand:
1) urgently brought into line with the statement ransom Obits now!
2) from the next month to make binding SHAREDROPP BTC and BTS instead of false OBITS BURN!!!
3) stop selling Obits privately (outside blokchain).
It is possible that the results of the vote (sharedropp (https://bitsharestalk.org/index.php/topic,19964.msg299979.html#msg299979)) were modified 2 day prior to the end completely the opposite (Burn (https://bitsharestalk.org/index.php/topic,19964.msg300070.html#msg300070)) is due to such sales (https://bitshares.openledger.info/#/block/10895644).
Actually,I think that sale of (especially private sale) by the issuer in private voting shares at the time of the vote - is nonsense!!!
Return sharedropp - it is the people's choice!
I urge support me in the comments if you agree with my point of view. (Or tell me where I'm wrong)
In spite of the monthly buybacks the price of OBITS in BTS is 25% lower than 1 year ago, around the time when OBITS was launched. See my other post here https://bitsharestalk.org/index.php/topic,23329.msg300582.html#msg300582
I don't see how this buyback and burn could possibly be benefiting any investor *holding* the tokens, as the price of OBITS is actually going down instead of going up:
https://coinmarketcap.com/assets/obits/
http://cryptofresh.com/a/OBITS_BTS
There is a net loss at the moment and all this time coins were being burned instead of distributed and no value is actually being added to the remaining tokens! What a waste...
"4. it is very clear that the biggest holder of OBITS publicly available decided to vote for buyback and burning, and his own comments have been made clear various places that he does not like the sharedropping, as it will complicate taxation issues, and him personally preferred a passive asset gradually becoming worth more by the redution of total supply via burning."
This biggest holder is the boss, is that it? I was counting number of votes on the OBITS voting website, not voting power. Where does it say in the voting page that votes are weighted according to voter's bag size? What taxation issues? Is there any taxation issue going on right now with the trades at OpenLedger and the profits people are making there?
"We are here for the long run, and OBITS is the center of it all "
Long run? It's been 1 year, and during all this time OBITS were generating a profit, which was being destroyed instead of generating value for the investors. I don't see how you're going to convince anyone to invest on OBITS going forward with this track record.
Nonono.
I get the theory, but this concrete, practical case it not following the theory.
The tokens are worth less now than what people paid for one year ago. That's true either in BTS or USD. The purchasing power of the OBITS bought one year ago is lower now. And there were buybacks&burn every month. The case is even worse if OBITS were bought and held since lets say 6 months ago.
I'm not demanding OBITS to outperform BTC. I'm expecting the the buybacks to do what the theory says they were supposed to, which is to gradually increase the price of the remaining tokens. This has not happened. The tokens are worth less now while at the same time the value they effectively generated was burned/destroyed instead of being distributed.
If you want to argue with the BTC price rise and the disproportional devaluation of altcoins in relation to the valuation of BTC/fiat, then simply this buyback&burn system does not insure against BTC price fluctuations and therefore is unsuitable for its proposition.
Pretty much every UIA is falling, less peerplays. It's early investors leaving the BTS ecosystem. Each UIA has been some version of a pump and dump. Yes, the charts look like there is more activity, but it's just bots trading back and forth with each other.
Pretty much every UIA is falling, less peerplays. It's early investors leaving the BTS ecosystem. Each UIA has been some version of a pump and dump. Yes, the charts look like there is more activity, but it's just bots trading back and forth with each other.
This negativity is, quite frankly, unwarranted.
Let me ask you this. Where do you think most of the volume comes from on the big centralized exchanges? Not sure?... Let me answer that for you: trading robots. Increased bot activity is a *very* good thing for Bitshares. (Even better for OBITS holders when the assets being traded are of the OPEN variety). So kill the negative chatter dude. Bitshares best days are still ahead of it.
In fact money is fleeing bitshares. Market caps of the two biggest smart coins, bitUSD and bitCNY, have plummeted over the last couple months.