Very good interview

Looks to me that we need more delegates providing price feeds for Bitsilver and other bit assets....
http://www.bitsharesblocks.com/assets


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I was just saying in the marketing forum Jim Grant kind of recently mentioned BitGold at 14 min in this video...

http://www.cato.org/multimedia/events/32nd-annual-monetary-conference-opening-keynote

"Hayek compared the governments monopoly over money to its monopoly over the post office. Email disrupted the post office. Maybe Bitcoin, or BitGold or something that we'll hear about later, maybe that will disrupt the Fed. Something should disrupt it before it disrupts, indeed ruins us."

Also maybe somebody worth sending a BitShares and BitGold info pack too, incl. some BitGold.

The quoted part could be a good video clip to include in a BitGold video or something.

Quote from: pc on November 30, 2014, 07:50:44 pm

Quote from: slacking on November 30, 2014, 07:29:20 pm

Bitshares PTS Mandatory upgrade? This is misleading at best and deliberately fraudulent at worst. This is a hard fork, created by a new developer. There's nothing mandatory about it. The idea that you even have the right to use the Bitshares PTS name reeks of an intent to deceive. I suggest you rethink how you're attempting this launch if you want to maintain credibility.

Upgrading PTS to DPOS has been planned for a long time, only nobody at I3 had the time to do it. Our project has the full backing of I3. This is about as official as we can get.

From a purely technical perspective of course we're starting a new chain with a genesis block based on a snapshot from the old chain. There's really no other way to do it. So from a purely technical perspective this is not a mandatory upgrade. You can stay on the PoW chain and see where it leads. Most likely it won't lead anywhere but simply stop in its tracks. And even if you manage to mine a few new blocks you may find it difficult to do anything with your mined coins Therefore, the upgrade is mandatory from an economical perspective.

I have some PTS now . but I don`t think it is a update of PTS,  it is just a fork of bitshares.  though III wanted to update PTS to DPOS, but it was old plan .  III have airdrop BTS to PTS holder, and have announced that did not honour PTS chain.  actually I think our community paid a price for this. in many Chinese investor‘s mind , PTS have dead.
they already sell PTS at low price. if someone bring PTS to live. I don`t know what it mean for our community?

I think fuzzy answered it best... https://bitsharestalk.org/index.php?topic=11877.msg156718#msg156718

So PTS can still be a sharedrop token.

Sparkle is giving it 33% of the first SPK https://bitsharestalk.org/index.php?board=80.0

The new PTS is also a no inflation, profitable DPOS like BTSX used to be.

So to me the new PTS is a good sharedrop token and a crypto-currency that is superior to Bitcoin.

Downsides: PTS has no real funding and no direct development support from key talent

 

I didnt understand all of that, so below might not even be what you are talking about, but...


BTS has a base value due to income derived from trading fees.

Using the example of a gold vault accessed via goldmoney.com. Normally someone looking to store value in gold buys the gold and pays a storage fee to the vault and a fee to Goldmoney.com for facilitating it. GoldMoney.com's valuation is derived from those fees.

In the case of BTS. BTS is Goldmoney.com and shorts are the vault. At the moment shorts are usually paying interest to longs and it may well stay that way till peak BitAsset demand stage. However even after that stage, if BitGold is as useful & valuable to some people as gold stored in a vault, (which it is) they will be willing to pay a fee to incentivise shorts and a goldmoney.com comparable fee to BTS. (This will be reflected by BitGold being worth more than 1-1 in future and us making longs compete on how much interest they are willing to pay shorts, which will be the equivalent of a fee paid to a vault.)

So there should be a long term market where one side is incentivising the other and BTS is receiving fees from trades happening on it's blockchain.

If we get to a point where general BitAsset demand is declining then BTS's price may fall, but only to the point where it reflects fair value for income received from current BitAsset trading fees. (In which case we might be valued similar to BitReserve/Goldmoney that had a similar amount of assets and trading fees derived from it.)

The trading fees model is essentially the BitReserve model. We are worth much more if we get it right because a decentralised way to safely store value trumps centralised. In addition to getting transaction fees the way goldmoney or Bitreserve will. The 'gold' people are temporarily buying in their case is actually BTS in our case.  So we benefit from BTS demand created by rising BitAsset demand during the growth phase and future valuation of that in addition to fees.

Quote from: Empirical1.1 on December 04, 2014, 11:10:33 pm

To confirm, the first 100 million SPK are allocated equally to BTS, AGS & PTS. Correct?

Yes

Cool, thanks.

Quote from: arhag on November 13, 2014, 01:10:41 pm

Quote from: bytemaster on November 13, 2014, 01:00:47 pm

Off line trx signing infrastructure has been put in place.   

Multi sig is what toast is working on right now.

 

Please don't forget to create a multisig transaction type where the transaction output can be spent like a normal multisig if there are enough signatures, but signature(s) from a subset of the keys (perhaps just one particular key) alone can only change the delegate slate that the BTS balance is voting for but not the multisig addresses of the original transaction. This way a user can update their votes with a hot client but to move their funds they would need to also sign the transaction with their cold storage keys. Bonus points if the same mechanism can also be used to claim yield on BitAssets without exposing all of the keys to move BitAssets to another owner.

In the pipeline: https://github.com/BitShares/bitshares/issues/981

  Great. I think this will make a big difference to voter participation.