3256
General Discussion / Re: Please help me! I think I messed up with my "Open Margin Orders" cause of update
« on: October 23, 2014, 08:38:48 pm »
Was that an error message you coded in there?
Lol.
Lol.
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3257
General Discussion / Re: The economic explanation for why I'm so ridiculously excited/scared about BTS
« on: October 23, 2014, 07:24:16 pm »
I wonder if this thread will be absolutely epic in a year...
3258
General Discussion / Re: The economic explanation for why I'm so ridiculously excited/scared about BTS
« on: October 23, 2014, 07:12:41 pm »
I had thought that Bitshares had hit upon something with the ability to hire paid delegates by a vote - a potential new corporate structure. A distributed corporation.
Is this the future of the blockchain technology?
Will the blockchain not only revolutionize money and finance but also revolutionize THE ENTIRE STRUCTURE OF OUR CORPORATE WORLD?
2009-2014: Bitcoin, the first big application of the blockchain technology revolutionizes money.
2014-20??: Bitshares, the second big applicaiton of the blockchain technology, revolutionizes the nature of corporations.
Is this the future of the blockchain technology?
Will the blockchain not only revolutionize money and finance but also revolutionize THE ENTIRE STRUCTURE OF OUR CORPORATE WORLD?
2009-2014: Bitcoin, the first big application of the blockchain technology revolutionizes money.
2014-20??: Bitshares, the second big applicaiton of the blockchain technology, revolutionizes the nature of corporations.
3259
General Discussion / Re: Shorts are now competing on Interest... Let the fun begin!
« on: October 23, 2014, 06:41:52 pm »
Now we need some market maker bots maintaining a reasonable spread and providing liquidity.
Its about time we had some news again that was about positive developments of the project, and not just drama.
Its about time we had some news again that was about positive developments of the project, and not just drama.
3260
General Discussion / Re: BTC38 (and now BTER) retroactive snapshot - lots of DNS holders made whole
« on: October 23, 2014, 05:36:35 pm »
This is excellent, it is going to the right people now. 
3261
General Discussion / Does buying/selling bitUSD put any pressure on the BTSX price?
« on: October 23, 2014, 05:34:51 pm »
So during this downturn in BTSX prices, some of us have been buying bitUSD, instead of selling BTSX, in order to hedge.
This puts less downward pressure on the BTSX price than full out selling BTSX would. But does it put any downward pressure on? If the effect just delayed?
When people later on want to sell their bitUSD and be fully back into BTSX, does that put any upward pressure on the price?
Thanks for your thoughts!
This puts less downward pressure on the BTSX price than full out selling BTSX would. But does it put any downward pressure on? If the effect just delayed?
When people later on want to sell their bitUSD and be fully back into BTSX, does that put any upward pressure on the price?
Thanks for your thoughts!
3262
General Discussion / Re: Some musings on the merger and some clarification required
« on: October 23, 2014, 05:20:11 pm »Once last thing! For those who think they are in a similar place to me (i.e. long), do you think we're near bottom on PTS yet? Are you planning to buy more? Looks tempting to me.
Decision to buy PTS should be based on its price relative to BTSX.
For example, lets say PTS price is .005 satoshis.
Add 10% to that, and then add two zeros, you get .000055.
If BTSX is above .000055 then you could buy PTS and get bonus shares in the end, but you get the 2 year restriction. So you need for BTSX to be valued enough above that that it becomes 'worth it' to you to lock up some of your money for 2 years in order to get the extra shares.
3263
General Discussion / Re: BM:i tell you why you are the bigest bug of bts
« on: October 23, 2014, 05:12:17 pm »Is it just me, or is a lot of the hatred for these changes coming directly from the Chinese community? The majority on this board seem to be overwhelmingly in favor of the proposed changes, but we keep getting these random attacks from Chinese board members who are absolutely against it...
Is there some kind of miscommunication going on here? These changes are necessary and will greatly benefit the ecosystem as a whole...I'm struggling to see how anyone can't see that.
I think that a lot more of them went and bought DNS on one of the chinese exchanges, and then got screwed by the unfairly low DNS allocation.
3264
KeyID / Re: DNS Proof-of-Burn to Help Those that Lost
« on: October 22, 2014, 11:28:21 pm »
Perhaps we can create a donation system, where people who got burned post screenshots of their exchange account transactions (on btc38, bter, etc), showing that they had DNS prior to the announcement.
And then those who are getting extra DNS that they feel they ddidnt deserve can donate some of it to those who got hurt?
(I'm neither of these, I didnt lose anything and have no DNS, just making a suggestion).
And then those who are getting extra DNS that they feel they ddidnt deserve can donate some of it to those who got hurt?
(I'm neither of these, I didnt lose anything and have no DNS, just making a suggestion).
3265
KeyID / Re: DNS Proof-of-Burn to Help Those that Lost
« on: October 22, 2014, 11:21:38 pm »
I moved my DNS stake to another account pretty much immediately and left it there. This means that I qualify for I3's extra BTS offer for those that sold on the news of his post but I am not really the target audience. I feel I am certainly not the only one in that position.
I think that actually, almost no one who is getting the extra BTS is the target audience.
The people who got screwed over (bought DNS at higher prices), almost all had their DNS on exchanges.
This 'fix' is actually just giving out DNS to random people who werent harmed, and pretending that it is going to the people who got burned.
The people who actually need to be given the extra stake are those with DNS on the exchanges.
3266
General Discussion / Re: 10% dilution = 650,000 BTS a day
« on: October 22, 2014, 08:45:13 pm »2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts
Waitaminute, isn't the new share supply from the merger 2.5 billion, not 2.4 billion? Am I missing something here?
It should be 2.5 billion.
It is important to realize that while the share count is going up, so is the value.
BTS will have more shares than BTSX, but it also contains the features of DNS, VOTE, etc, and will be the primary chain to be snapshotted for any future DAC spinoffs, which currently go to PTS/AGS.
3267
General Discussion / Re: Welcome back to $50MM Market Cap
« on: October 22, 2014, 08:41:16 pm »
We would be in the 60's if you adjust for the new effective share supply
(And several weeks ago the value of BTSX + PTS + AGS + DNS was more like 75M).
Looking forward to being back at 60M BTSX / 75M future BTS market cap.
Thats around my average buy price.
3268
General Discussion / Re: Welcome back to $50MM Market Cap
« on: October 22, 2014, 08:33:15 pm »
The 50s sucked too.
Lets get back to the 60s as soon as possible.
Everyone buy a bit and no one sell.
Lets get back to the 60s as soon as possible.
Everyone buy a bit and no one sell.
3269
General Discussion / Re: Fix for DNS Holders who lost money buying into DNS
« on: October 22, 2014, 07:51:06 pm »
You should try to talk to the exchanges and see if they can get the shares to the right people - because those were the main people who were actually hurt by this.
3270
General Discussion / Re: Stop arguing percentages and look at the bigger picture.
« on: October 22, 2014, 06:51:14 pm »I'm a cheerleader, yes. Not for Dan though, my allegiance lies with blockchain technology and nowhere else. The superDAC happens to be the optimal incarnation of blockchain tech, and Dan is the harbinger that will made it manifest into this world. This is the real beginning of what Satoshi started, and how de we celebrate this event? With forum drama. I just can't help but find it embarrassing.
There is going to be forum drama when some poeple just took a huge loss and others didnt.
Hopefully Bytemaster's new modification will make everyone happy and we can all move forward together.
