Hey everyone,
Is it okay to run BTS traffic through TOR. I know that the nodes can technically see my information is TOR okay to use with BTS? Is there anything that a node could view that is personal?
Is it good to run BTS on tails and TOR or should I just stick to my normal internet connection and Ubuntu?

I heard this statement being made in the Beyond Bitcoin podcast by Bytemaster. I would like some clarification on this statement.

I disagree that we should conform to regulation, as the whole point of a decentralized blockchain is to remain decentralized. I think we need to have it setup like Bitcoin in that nobody can ever access your assets/shares/funds.

I believe that we should be completely decentralized and the company or any other entity should NEVER be allowed to seize your shares/assets under ANY circumstance.

EDIT: I misunderstood the context of what BM was trying to say.

Thank you pseudoscops! You are right I misunderstood what Bytemaster was trying to get across. It makes a lot more sense now.
Thanks for clearing that up.


 

Maybe I can clear this up. I haven't re-listened before posting, but I think the OP might be misconstruing some stuff BM mentioned in the Mumble session about the use of intermediaries providing services that may spring up in the future to help people manage BTS and BitAsset accounts once BitShares is more widespread (i.e. companies that might operate atop of the BitShares blockchain. Like BitPay for BTC for instance). I'm paraphrasing but what I got from him was this (correct me if I'm wrong BM):  He said that most people, if BitShares reached mass adoption, will choose to use one of these intermediaries/companies as a matter of convenience (security, backups etc etc) and that those intermediaries will be required to 'Know Their Customers' and comply with local laws and regulations of the country in which they are based.

If you use one of these intermediaries then you potentially open your BTS balances to being seized and reallocated by the govt or state in which the intermediary is based. This sounds a bit scary, but in practice this is no different to the powers that governments already have with money held by your bank today. If the average person really thought it was a large enough threat that the government was going to unfairly steal from them then we'd already see widespread runs on banks and lots of mattresses stuffed with cash. In some parts of the world perhaps that is a real concern where distrust of the state is high enough. For most, convenience will trump the hassle of going it alone with your own cold storage wallet and and learning the associated skills required to manage one. This is how things have to play out if we are to attain widespread adoption.

So really the point BM was making is that BitShares allows you to choose. BitShares does not preclude you from going it alone and avoiding  intermediaries entirely if you want to. If you go down that route then you make it more difficult for centralized regulation/laws to 'seize' your BTS but in my view you probably open yourself up to other more real risks. For most, myself included, the threat from hackers probably registers as a higher threat than government interfering with my legitimately invested money. In my view it'll be good to have the option to use a professionally run intermediary when they become available, even if that means my BTS investments effectively sit under UK law and regulation. YMMV.

What will be the total number of Bitshares?

Is there any way to securely keep your BTSX safe? Is there a way you can put it in cold storage?

Thanks.

Hi everyone,
I am new to BitShares but I think it has some great potential. I am looking to buy some BTSX but I would like some advice.

1) Is 6,000 satoshi's a good price or should I wait?
2) When the merge happens will my BTSX just be renamed BTS? I am a little confused about this.
3) When I get the BTS will I get snapshots on upcoming projects or is that only for PTS?
4) What do you think 1 BTS will be in 5 years?

Thanks guys. Looking forward to your advice and opinions. I apologize if these are stupid questions.