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Messages - sschechter

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226
General Discussion / Re: Longtime Investor - I am out
« on: October 24, 2014, 08:04:27 pm »
You do realize that people think you're a joke because this is your first post under this account.  If you don't actually disclose your pseudonym, then why would anyone around here think you were anything but a NXT shill.  You could be making a genuine post, but its a genuine post disguised as dog poo.

227
General Discussion / Re: Stan and Dan Great Leaders
« on: October 24, 2014, 02:58:14 pm »
They always speak clearly and honestly about the options.

People were upset when they moved away from mining: Now it is common sense!

People were upset when they introduced AGS: Now ICO's are common sense!

People were upset when they introduced DPoS: Now it is our best chance to survive!

People were upset that bitUSD was an experiment: They made it work!

Now people are upset at merger and share issuance, so is this time different? I don't think so; if you watch closely veterans of all stripes on this forum seem to agree with the proposal.
  +5% +5%

 +5% +5% +5%
+5% +5% +5% +5%

Sorry I had to combo that.
We're going to the moon end of november, and so many people are unhappy. Come on !
+5% +5% +5% +5% This should be its own post

228
General Discussion / Re: The NEW Bitshares PTS - superDAC slayer!
« on: October 24, 2014, 03:00:48 am »

This is an experiment that can be conducted with minimal cost.

Splitting the network so its participants can compete with itself has an extremely high cost.

229
KeyID / Re: Toast - thank you in destroying my just bought DNS
« on: October 22, 2014, 07:45:08 pm »
Quote
To the guy who said he wouldn't sell DNS until it was worth more than Namecoin.......how long were you planning on waiting?  As of now, DNS is a rebranded BitShares fork with no other features beyond an IOU future implementation of good ideas.   There is no product.

You must be referring to me so to answer your question, I wouldn't have sold a single DNS until at least we beat Namecoin no matter how long this would have taken... 1month - 1yr - 2yrs...Completely irrelevant. I base all my investments based on the speed of development and economic fundamentals. That is the reason I am not and will not sell a single BTSX before we reach the 1 billion market cap at least, no matter how long it takes...1yr - 5yrs... And if we don't reach that cap well I will probably lose my investment.

That post although fully on board with DNS getting on BTS, just gave me the impression that DNS just didn't have any value anymore..

I hate seeing Red too.  I'm glad we're on the same page when it comes to the future of BitShares.  In the long run, this will strengthen the system.

230
KeyID / Re: Toast - thank you in destroying my just bought DNS
« on: October 22, 2014, 07:32:03 pm »
 +5%
I think we have made all DNS holders whole except those who held their DNS on an exchange.

231
KeyID / Re: Toast - thank you in destroying my just bought DNS
« on: October 22, 2014, 07:03:35 pm »
Folks, lets be honest here.  Of all the people that bought DNS on an exchange, how many of you were waiting for the coinmarketcap listing so you can flip it and make a buck?

To the guy who bought DNS at 400 satoshi - you panic bought on no news after seeing a massive price rise, and your fear of missing out greedily caused you to make a poor decision.  Sucks for you, don't do that again.  Its a lesson every investor will eventually learn, whether the easy way, or the hard way (myself included).

To the guy who said he wouldn't sell DNS until it was worth more than Namecoin.......how long were you planning on waiting?  As of now, DNS is a rebranded BitShares fork with no other features beyond an IOU future implementation of good ideas.   There is no product.

And Toast, I know you're pissed, but why the hell did you rush to release a product with no features?  Why were you in a such a hurry to make your ideas tradable to the point where you're doing midnight emergency builds by yourself?

Placing value on ideas is a risky business.  You can make a lot of money, and you can also get badly burned. If you're crying, you invested money you can't afford to lose.  Investor life lesson number 2.

What was the estimated market cap of DNS before the crash, 4 million? For a BitShares fork with a new splash screen? Does that sound like a proper valuation for a company with a cloned tradable token and no features, run by a recent college grad with limited life experience and real world business knowledge, on a project that is devoid of critical manpower and infrastructure? If you ask me, bytemasters proposal is more than fair, to the point its sane. Ideas don't realize themselves, they requires competent handlers to execute.

Disclaimer: I own a substantial amount of DNS through AGS.  I also own BTSX, PTS, and eventually NOTES.


232
General Discussion / Re: [VIDEO] I3 Handling the Merger...
« on: October 22, 2014, 03:28:01 pm »
That video was great  +5%

EDIT: and holy shit thats Taco from the League....how did I not know about this?

233
General Discussion / Re: [VIDEO] I3 Handling the Merger...
« on: October 22, 2014, 03:23:33 pm »
That video was great  +5%

234
General Discussion / Re: best solution for merging ags、pts and btsx
« on: October 21, 2014, 02:59:01 pm »
To compensate ags/pts holders, Invictus should use the btsx shares of its own to buy back both ags and pts instead of increasing 20% of btsx total amount. As such, 2 billions btsx shares need not be expanded.  Actually, as Invictus holds a lot of ags/pts, the big part of the btsx shares Invictus consumes still go back to Invictus. I thinks  that this is the best solution.

And you think I3 has enough shares for the buy back while still owning enough for themselves?  Why would they develop for this ecosystem with no shares?

235
General Discussion / Re: VOTE DAC Just Got More Interesting 2.0
« on: October 17, 2014, 10:53:49 pm »
Bitsharesx is not even close to being a finished or useable product and the core developer focus now goes to a new project?

Core developer just put on his CEO hat

236
General Discussion / Re: VOTE DAC Just Got More Interesting 2.0
« on: October 17, 2014, 10:15:57 pm »
hmmmmm.....my guess is that it will allow lobbyists to buy bitUSD to pay transaction fees for 'advertisements' - transaction messages sent to DAC voters

Or.....the usage of the term 'turning complete' will cause people to irrationally throw money at it without really knowing what they're getting....

Either way, it sounds like exciting stuff

237
General Discussion / Re: NuBits
« on: October 17, 2014, 09:22:17 pm »
the idea of a stable cryptoasset token and tying the price point to a fiat currency isn't a novel idea.
Edit: typo

Neither is printing money to bailout investors of an elaborate Ponzi scheme  :D

238
General Discussion / Re: What if America isn't the best place for BitUSD?
« on: October 17, 2014, 09:16:26 pm »
I remember Max Keiser was all over it as well, I think that really helped, he has quite a platform.
I think his pump juice is much weaker now though, felt kind of sad watching him try do the same thing for MaxCoin.

Keiser is involved with Startcoin now though ;)

Keiser had no actual involvement with MaxCoin, other than to allow others use his name.  He's the anti-Kanye. Startcoin is his project, along with the Startjoin crowd funding platform.

239
These type of rumors are almost always fake.  Buy BitShares, this is a non-issue

240
General Discussion / Re: How big a threat is the SEC?
« on: October 17, 2014, 08:05:54 pm »
In my uneducated opinion, avoiding the the SEC is like avoiding bears.  You don't need to be faster than the bear, you just need to be faster than your friends!  The I3 team has taken a lot of legal precautions already.  If the SEC is to enter the cryptosphere, they're going to go after the easiest targets.  They don't have the manpower to go after anything they feel like. And, if history is any indication, they suck at their jobs anyway.


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