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Messages - Empirical1.2

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1141
General Discussion / Re: Bitshares price discussion
« on: June 17, 2015, 02:58:13 pm »
Quote from: cylonmaker2053 on June 17, 2015, 01:55:35 pm
Quote from: Chuckone on June 17, 2015, 12:54:17 pm
I believe a "slow" but continuous growth is definitely more sustainable than 15-20% daily increases.

Same here...volatility shocks like this can be appealing to new adopters when they're positive, but scare way too many people away on the negative side. I'd rather see slow and steady growth, but I don't think that's in the cards for the early stages of this industry.

I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.

In terms of percentage gains LTC & DGC could be the big winners,  followed by NXT & possibly PPC etc, then Bitcoin itself.

The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.


1142
General Discussion / Re: New accounts last 24h:
« on: June 17, 2015, 10:50:34 am »
Yes, I can see the future now...

'If you'd like to register a BTS account name, please download the NXT client, http://nxt.org/ and head over to the NXT market-place where all the BTS names have been put up for sale by their one owner.'

1143
General Discussion / Re: Bitshares price discussion
« on: June 17, 2015, 12:07:34 am »
China's only waking up it will be interesting to see if LTC still has some legs.

1144
OpenLedger / Re: [ANN] CCEDK to Publish its Order Books on the BitShares Blockchain
« on: June 16, 2015, 08:34:00 pm »
http://cointelegraph.com/news/114579/danish-ccedk-exchange-announces-real-time-transparent-order-books-proof-of-solvency

1145
General Discussion / Re: Bitshares price discussion
« on: June 16, 2015, 02:57:38 pm »
Quote from: jsidhu on June 16, 2015, 01:30:48 pm
Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.

It won't be bears, it will be mainly front-runners selling on the news imo.

While Bitcoin struggles with changes I think we could see the crypto-currency contenders such as Dogecoin and LiteCoin perform well in the next few weeks. Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly. 

Edit: Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.

1146
OpenLedger / Re: [ANN] CCEDK to Publish its Order Books on the BitShares Blockchain
« on: June 16, 2015, 02:07:24 pm »
 +5% Great News

Quote from: Riverhead on June 16, 2015, 12:41:05 pm
I'm thinking the BitShares part will be transparent to the user. They'll log into an exchange like normal and may see some branding like, "Orderbook Powered by BitShares" or some such. BitShares will replace their MySQL or whatever they were using as a ledger.

Any exchange not using BitShares interoperability services will be at an extreme liquidity disadvantage.

It's a concept I see in poker sites, they form networks to pool player liquidity. http://www.pokerscout.com/ , http://www.ipoker.com/html/page/cardrooms

However they still get dwarfed by the likes of PokerStars who are able to market and improve a a single large brand rather than a lot of smaller ones. 

Of course, in the case of BitShares, besides pooling liquidity, customers are also getting a lot of the advantages of being on a decentralised exchange.

http://www.coindesk.com/45-percent-of-bitcoin-exchanges-fail-study-finds/

Quote
Online bitcoin exchanges have a failure rate of 45 percent, with customer balances often wiped out, a new study has found...
The median lifetime of exchanges is just 381 days, Moore and Christin found.

So combined it could certainly be an exchange game changer.

1147
General Discussion / Re: Wake up call: BitShares 2.0 is NOT BitShares
« on: June 15, 2015, 05:32:11 pm »
Some product protection would be good at least during the bootstrapping phase, so that competitors with a better brand image and potentially more funding can't just cannibalise all the code & innovations that BM & co have come up with.  BitShares would be a lot more valuable if it's done right.

At the same time, considering we can't do things like blockchain based gambling on BTS, there's definitely areas where new graphene blockchains that sharedropped on us could be very profitable and we wouldn't want to limit our options there.
.

1148
Beyond Bitcoin [closed] / Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« on: June 14, 2015, 12:35:24 pm »
Quote from: puppies on June 14, 2015, 06:27:49 am
Quote from: Empirical1.2 on June 13, 2015, 12:21:26 pm
The alt-coin market as a whole has failed to consistently attract users, create shareholder value and/or profitable products these last few years.

However many Bitcoin gambling sites have experienced tremendous success in all those areas, given their low overheads, house edge and the proven popularity of gambling in crypto.   

BitUSD, BTS 2.0 & the referral programme are the perfect ingredients to create a vastly superior decentralized gambling platform.

Do you have any plans for, or see anyway that BTS could be involved in this lucrative area which has consistently proven to attract users, create shareholder value and generate profit?

I have thought about creating a gambling website that accepts bitUSD, and perhaps more importantly only pays out in bitUSD.  I am not sure what the level of interest would be.

The killer app would be blockchain based and make use of the new referral programme but a centralised site could still do well.

In terms of the level of interest. I think looking at Bitcoin when it was a comparable size gives some indication.

http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/

Satoshi Dice was accounting for 50% of BTC volume, had $30 million turnover and a few hundred thousand profit, and was sold for >$10 million.

Quote
Responsible for more than 50% of daily network volume on the Bitcoin blockchain, SatoshiDice reported first year earnings from wagering at an impressive ฿33,310. During the year, players bet a total of ฿1,787,470 in 2,349,882 individual bets at an average monthly growth rate of 78%.

Even if BTS holders only gambled at a fraction of the rate, there's still a lucrative market for early movers imo.

You could potentially issue a UIA to raise funds for the BitUSD float and pay out investors a percentage of house earnings.  Those investors would also help promote it and be potential users.

Quote
Just-dice introduced the concept of allowing players to be part of the bank, which turned out to be pretty much the ultimate marketing vehicle,” .

http://www.coindesk.com/bitcoins-gambling-boom-just-getting-started/

1149
General Discussion / Re: BBC:Newsnight: Does Blockchain technology work?
« on: June 13, 2015, 07:03:48 pm »
Quote from: rgcrypto on June 13, 2015, 06:48:18 pm
wait until they find out about bitshares

BitShares has been the 4th most valuable & arguably the most groundbreaking blockchain for nearly a year. I'm sure any company serious about investing in blockchain technology knows about it. I assume they'll be buying our code and hiring our developers in the very near future, if they haven't started already.

1150
Beyond Bitcoin [closed] / Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« on: June 13, 2015, 12:21:26 pm »
The alt-coin market as a whole has failed to consistently attract users, create shareholder value and/or profitable products these last few years.

However many Bitcoin gambling sites have experienced tremendous success in all those areas, given their low overheads, house edge and the proven popularity of gambling in crypto.   

BitUSD, BTS 2.0 & the referral programme are the perfect ingredients to create a vastly superior decentralized gambling platform.

Do you have any plans for, or see anyway that BTS could be involved in this lucrative area which has consistently proven to attract users, create shareholder value and generate profit?

1151
Technical Support / Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
« on: June 12, 2015, 07:12:43 pm »
Quote from: 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.

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.

1152
Technical Support / Re: Official BitShares 2.0 [ANN] Thread on Bitcointalk
« on: June 12, 2015, 06:58:16 pm »
Quote from: 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

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.

1153
General Discussion / Re: RealityKeys useful for prediction markets?
« on: June 12, 2015, 10:19:32 am »
 +5% Bitcoin PM's seem to have gained limited success but I would be excited about prediction markets too.

While BitAssets 2.0 will be huge, it might take a while. BitAssets thus far have gained limited traction (BitReserve $1.7 million, NuBits - $0.6 million BTS 1.0 - $0.3 million)

However in terms of volume, profit and user numbers many new Bitcoin gambling sites dwarf BTS.  But the BTS 2.0 specs can compete with centralized sites on performance and BitUSD + a decentralized blockchain (fairness, security, privacy, volatility and price) can decimate Bitcoin's largest industry. 

So  anything like PM's, Games and creative ways to add gambling I would be in favour of. This is where the money and opportunity to rapidly bootstrap BitAssets is imo.

1154
General Discussion / Re: Two articles about Bitshares on yahoo finance
« on: June 11, 2015, 06:36:32 pm »
 +5% Nice

1155
Technical Support / Re: why people is going to pay for bitshares 2.0 wallet ?
« on: June 10, 2015, 05:07:59 pm »
Quote from: bytemaster on June 10, 2015, 04:52:42 pm
Quote from: xeroc on June 10, 2015, 04:49:18 pm
Quote from: bytemaster on June 10, 2015, 04:48:25 pm
Quote from: xeroc on June 10, 2015, 04:40:42 pm
Bts2.0will be used as a foundation to the decentralized dns .. hence if you want a username that has less than 8 chars .. you will nees to pay an extra fee .. how much is defined by stakeholders

It can be less than 8 characters if no vowels or at least 1 number.
We might need a price list with some examples here ..

I'll let the community propose prices for different lengths of names.

We don't know what the optimal price is, so I would start with very high prices that decrease every month till we get to an optimal price.

(Also a handful of names might be extremely valuable and we want to make sure we maximise that.)


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