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Messages - jsidhu

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241
General Discussion / Re: Bitshares price discussion
« on: September 18, 2015, 12:08:08 am »
Wow, over $60000 USD worth bought on CCEDK.  Never seen that kind of volume there before!
This could be new money coming in as a result of Ronny's presentation, great job Ronny!

Is that volume for today or a big order?

242
It is very important that every exchange is ready for the transition.  That is, prior to the release of 2.0, they disable deposits and withdrawals, then they do the 2.0 transition, and then they reenable deposits and withdrawals on the new chain.

That way there is no exchange accepting or trying to give out BTS tokens from the 0.9.2 chain. 
If this occurs, no one will be able to dump worthless old bts on unsuspecting people, and there wont be a division between people who got screwed and want to make old BTS worth somehting, and everyone else.

Most importantly we need poloniex and btc38 to follow this.  I am pretty sure CCEDK will since they are a partner.  I dont think there is much BTS on the other exchanges anymore.  I bet at least one of bter, bittrex, and cryptsy will fail in some way in the 2.0 transition, but it will mostly just be a black eye for them.

You probably want to avoid trading of those IOU tokens aswell because otherwise people would transfer days before and dump right after genesis block (people who create genesis block and their friends get first dibs) and then they can sit and wait until  withdrawing is enabled again to get free BTC out.
With PTS it stopped at the time of the snapshot... instead it would be better to stop a long time before.. and a few hours after everything is done.

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Id like the exchanges to shutdown trading to avoid the dev team from dumping their shares on the exchanges after they manually create the genesis block to bts 2.0... since there is some manual steps there they have an advantage perhaps also did this with PTS.. I'd hope this time around they learned from that and applied proper precautions.. if not will look like greedy scammers IMO.

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This upgrade is voluntary and should not have introduced any other hard-forking changes from 0.9.2.   Any delegate that does not think we the upgrade should occur can continue to run 0.9.2.   This release is for those of us who are actively preparing for the scheduled upgrade date.

But the snapshot happens on that date - those who do not upgrade and continue to use the old chain will be double spending.

you are not right.why double spending? 2 different chains will be in existence after the snapshot !  bts1.0 & bts2.0

Like pre and post upgrade of PTS. Most people dumped their PoW PTS post snapshot. I suspect the same will happen here with pre and post Graphene BTS.
we should delay trading on eschanges with volume for a few hours pre and post fork

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Are exchanges going to halt trading hours or day before until a few hours after to prevent mass selloff and confusion like pts was?

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Best thread in the universe.

247
General Discussion / Re: Bitshares price discussion
« on: September 15, 2015, 11:40:40 pm »

forgive my paint skills but...


The prophecy is upon us!

Great fractal analysis... one of the best and most accurate trading strategies

Did a quick extrapolation puts us at about 8k satoshi's

248
Then in ops eyes ethereum is inflated.. Heck Bitcoin is also inflated.

Hint: look at market cap not total coins. The value of bts is baked in and market cap of $100 million is not out of the realm of possibility.

249
General Discussion / Re: Bitshares price discussion
« on: September 15, 2015, 04:25:00 am »
What would give you a better chance to double your money? A random penny stock or bitshares?

Obviously BitShares.

(general community rant.. not directed specifically at lil_jay890.. more about everything I see daily)

I don't understand why community members like to rag on "our" own technology and MAJOR achievements.

Mark my words.. the week following Oct 13th there is going to be a SURGE of new users coming in.

The excitement is going to be palatable.

There will be everyone clamoring over everyone to refer new users in a way you all have never seen in crypto or any other blockchain in history.

There will be a handful of you complaining that your nice shiny new Lamborghini blockchain doesn't come with fuzzy dice to hang on your rear view mirror while the rest of us have to remind you it comes with a rear view HD camera with streaming and recording so you can replay over and over the moment that Graphene left the rest of the crypto-blockchain world in the dust.

The price accordingly is going to.. in my estimation.. at least triple from where it is today. Mind you I think it will get very close to that just prior to all this.

This believe it when I see it attitude some people have is just a manifestation of their own personal fear of failure. Projecting fears in forums like this does nobody any favours.

To the risk takers and innovators go the rewards.

Why I said a random penny stock may double faster is just the general trend of money coming out of crypto. Crypto just feels like a deflating balloon.
Did before but now feels like money coming in again.. Everything happens in cycles. Each cycle should get bigger if we are in a real tech boom

250
General Discussion / Re: Private Chains and the Future of BitShares
« on: September 13, 2015, 11:55:55 pm »
i guessthe real issue is allowing privitization of apps and data. So real issue is that you cant have private apps+data on bitshares with public ones (or can you?) . Apps i mean smart contracts.

With this approach it will allow for public and private apps to coexist and can communicate via ACCT.

If you can have dapps that can be private on bitshares then no need for other chains I guess.

What would be even more powerful is the ability to have a structured programming model (software manufacturing) with the ability to create apps running on a blockchain with crosschain payments via ACCT.

251
General Discussion / Re: Bitshares price discussion
« on: September 13, 2015, 07:56:30 am »
titan account will lost privacy protect  when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but  there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?
Maybe it was them this last pump filing the rest.

252
If you have visited the new web wallet and you can't figure it out sorry but you don't belong here...I'm pretty good with ui and I've been a software engineer for 15 yrs(take into account all your avg joe scenarios). Looked fine for first pass. let's see how it is on dry run.

253
General Discussion / Re: Bitshares price discussion
« on: September 12, 2015, 04:43:05 am »
I am back.
Buying BTS again. +5% +5% +5% yummy.
Time to selL?

254
General Discussion / Re: Bitshares price discussion
« on: September 11, 2015, 11:56:55 pm »
Wonder how low Bulls are going to let it go

255
General Discussion / Re: Summoning the great satan Larimer
« on: September 11, 2015, 11:38:37 pm »
I honestly believe the Bitcoin core devs will be forced to address this issue or admit defeat.  As the guy that created DPoS, I think this is an important thread for the Larimer (Larimi - plural? ).

The Bitcoin consensus mechanism is incorrectly labeled Proof of Work

https://bitcointalk.org/index.php?topic=1176835.0
What does Bitshares gain by getting involved in that?
What does it lose? Just time.

I'd say I'd like to see some btc Devs respond to it and converse with bm about the merits of dpos or lack thereof

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