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Messages - Empirical1.1

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376
General Discussion / Re: Is this the bottom?
« on: November 29, 2014, 01:24:40 pm »
Quote from: Ander on November 29, 2014, 06:04:14 am
Quote from: Empirical1.1 on November 28, 2014, 03:06:05 pm
Wow  < $16 000 24hr volume. That's got to be an all time low volume for BTS(X)

This was actually inaccurate, its because coinmarketcap wasnt updating btc38's trade, ever since btc38 switched from BTSX to BTS a couple days ago.

Yes, thanks,  chryspano cleared that up for me just a few posts later on this same page...

Quote from: Empirical1.1 on November 28, 2014, 05:40:44 pm
Quote from: chryspano on November 28, 2014, 05:29:29 pm
Quote from: Empirical1.1 on November 28, 2014, 03:06:05 pm
Wow  < $16 000 24hr volume. That's got to be an all time low volume for BTS(X)
...


Something is wrong with coinmarketcap the last days(maybe more) they don't include BTC38 trading volume, its more than 140K

 +5% Thanks good to know!

Thanks to that I started buying again before this nice move...  :)

Quote from: Empirical1.1 on November 29, 2014, 04:24:49 am
... I'm actually buying more myself as I'm pretty bullish again and see a lot of small positives happening that will build momentum towards the main marketing push.

It's a big day though and Counterparty has been trending down, maybe Overstock will move to BitShares after all...

377
General Discussion / Re: See a news: Fairpump team will pump bts at bittrex tonight
« on: November 29, 2014, 04:24:49 am »
Looks like they did a pretty pointless weird pump on Bittrex, for a total of 7 BTC   :P
I googled the name and found fairpumps.net Looks like it's their thing.

Shouldn't have any effect on the overall BitShares price which is good. BitShares is a really good investment that doesn't need to be artificially 'pumped' imo. I'm actually buying more myself as I'm pretty bullish again and see a lot of small positives happening that will build momentum towards the main marketing push.


378
General Discussion / Re: Is this the bottom?
« on: November 29, 2014, 03:17:34 am »
Quote from: islandking on November 29, 2014, 02:41:49 am
150,000 BTS sell order on BTER which was canceled after 10 minutes or so.

150 000 is not very much. Most of the trading happens on BTC38.

I'm actually starting to feel very bullish on BitShares. Ripple getting momentum and doing big CNY volume is actually BitShares positive for me. The way the delegate system is coming together is good. Looks like there are a few community members helping co-ordinate efforts on various fronts and they're not being reckless with it. I think MethodX is doing a great job.

I think the negative short term effect of introducing dilution on the share price is pretty much over. I see a lot of small positives happening now that will build momentum towards the push.

379
General Discussion / Re: welcome to market BTS/CNY
« on: November 29, 2014, 01:21:33 am »
 +5%

380
General Discussion / Re: ripple rally
« on: November 28, 2014, 09:33:10 pm »
Well I see they're big in Japan  8)   http://m.youtube.com/watch?v=JZGF4wcPJO0

> $600k 24 hour volume XRP/JPY, 20% of the volume and they seem to be paying the highest price for XRP. http://coinmarketcap.com/currencies/ripple/#markets


381
General Discussion / Re: Be the first person in history to get hired by a blockchain!
« on: November 28, 2014, 09:26:26 pm »
Quote from: MeTHoDx on November 28, 2014, 07:20:20 pm
Upvote please: http://www.reddit.com/r/CryptoCurrency/comments/2nouij/make_2500_a_month_being_one_of_the_first_persons/

Don't expect a flood of traffic from this. This is just a test run to work out any kinks in our message.

 +5% Cool

I like the Decentralised Shark Tank or Dragons Den comparison.

382
General Discussion / Re: Volume has been terrible lately
« on: November 28, 2014, 09:24:25 pm »
Quote from: sparkles on November 28, 2014, 09:18:56 pm
Quote from: MeTHoDx on November 28, 2014, 09:14:31 pm
http://coinmarketcap.com/currencies/bitshares-x/

$22,500 in the last 24h

BTC38 isn't reporting the volume properly.  It was really over $160K

Yeah, I had the same concern https://bitsharestalk.org/index.php?topic=11570.msg155580#msg155580

But yeah it's just BTC38 volume not showing I see they put a request to CMC to correct it...

Quote
BTC38.COM


BTSX was branded to BTS

BTS api: http://api.btc38.com/v1/ticker.php?c=bts&mk_type=cny
             http://api.btc38.com/v1/ticker.php?c=bts&mk_type=btc

Please help us to refresh the link.

Thank you very much.
Btc38 team   

https://bitcointalk.org/index.php?topic=199685.msg9677929#msg9677929

383
General Discussion / Re: Is this the bottom?
« on: November 28, 2014, 05:40:44 pm »
Quote from: chryspano on November 28, 2014, 05:29:29 pm
Quote from: Empirical1.1 on November 28, 2014, 03:06:05 pm
Wow  < $16 000 24hr volume. That's got to be an all time low volume for BTS(X)
...


Something is wrong with coinmarketcap the last days(maybe more) they don't include BTC38 trading volume, its more than 140K

 +5% Thanks good to know!

384
General Discussion / Re: Is this the bottom?
« on: November 28, 2014, 03:06:05 pm »
Wow  < $16 000 24hr volume. That's got to be an all time low volume for BTS(X)

Thinking of starting to buy more again. Anyone know the ETA of anything they think could be market moving news. It doesn't take much with these volumes. Or are we mainly waiting for 1.0 and some kind of marketing push around it in Q1 2015.

385
General Discussion / Re: "economic analysis of nubits system" compares to bitUSD
« on: November 28, 2014, 02:13:07 pm »
Quote from: Markus on November 28, 2014, 10:25:23 am
What is left when you remove Nubit from the discussion is that
BitUSD trades at a discount because it has a risk that is not offset by utility and there is no expectation that it might appreciate above parity.

I basically agree with that summary (well I wrote it :) ) and would like to propose a fix:

Adjust a BitAsset's shorting threshold according to historical deviation from parity.

For example if BitUSD has been trading at an average of 98 US¢ in the past few weeks allow shorting only at 102% of the feed price or above. I'm not suggesting that this is really urgent but if in a year's time with enough liquidity present the problem persists ...

I have thought that making shorts compete @ 1.01 for BitAsset creation vs. 1-1 might be better.
There is always a big wall at exactly 1.00 so the average peg price will be lower, moving BitUSD creation up to $1.01 seemed to be a possible solution to make the average closer to $1.00 but I don't know.

Quote from: Empirical1.1 on September 01, 2014, 05:01:01 pm

 I would actually like shorts to compete at the $1.01 level for BitUSD creation vs. the $1 level so that BitUSD... is worth $0.99-$1 vs. $0.98-99


I didn't understand any of the equations Nubits used, I can only do A+B=C. But it seemed they gave both systems a similar failure risk, even though BitUSD is a heavily collateralised system and theirs has very little collateral and relies on a parking premium to incentivise demand. I expect their system will collapse with a significant rise in interest rates, because that signifies a significant fall in demand to the market and only then, do you have to worry about how much interest they can afford to pay and for how long they'll do it before giving up if the system is getting away from them.

If the BitAsset system is stable, decentralised, there is some utility and the interest on BitAssets is good then I could see a situation where they are worth much more than a USD, especially if centralised banking risk factors increase.



386
General Discussion / Re: Be the first person in history to get hired by a blockchain!
« on: November 28, 2014, 02:46:26 am »
I guess 'first person hired' has been taken.

What about 'first person sponsored' by a blockchain.

The blockchain could specifically sponsor the something/someone guaranteed to generate the most publicity & notoriety for BitShares.

387
General Discussion / Re: The Biggest Secret of BitAssets
« on: November 28, 2014, 02:34:57 am »
Quote from: 天籁 on November 28, 2014, 02:11:04 am
For example, BitCNY is just the CNY base currency equivalent, not out of air, it is created with three times of the deposit. But modern Banks can produce 10 times the flow of cash of base monetary  by 10% reserve, which causes endless inflation. If people use BitCNY instead of CNY, M2 will be greatly reduced, there would not be infinite inflation.

 +5%

This good video from 8:00-10:00 shows how modern banks inflate the currency with a 10% reserve ratio.

http://m.youtube.com/watch?v=iFDe5kUUyT0


388
General Discussion / Re: [Announcement]The plan for fine peg of BitCNY and business promotion
« on: November 27, 2014, 11:39:21 pm »
Interesting. I see someone has started www.TradeBTS.com

Direct English translation

'TradeBTS is a bit asset exchange platform , currently supports variety is BitCNY, platform certification acceptance quotient of 1: 1 support for two-way trading price BitCNY and the renminbi, all services for free during the promotion period .'

https://bitsharestalk.org/index.php?topic=11748.0



389
General Discussion / Re: Surely here's the market for Bitshares !
« on: November 27, 2014, 10:55:19 pm »
I don't understand everything you wrote but I don't think BitEuro solves your liquidity problem.

In order to create a BitEuro, you need a buyer with a Euro's worth of BTS & someone taking a short position who locks up two Euro's worth of BTS. So BitEuros take a lot more liquidity out of the system is my understanding.

390
General Discussion / Re: I've not been this excited since I discovered Bitcoin in 2011
« on: November 27, 2014, 01:34:29 am »
Quote from: jsidhu on November 27, 2014, 01:09:21 am
Quote from: mdj on November 26, 2014, 08:35:38 pm
I discovered Bitshares during the PTS/AGS funding rounds and did read up on it and invest some money.
Now that the Bitshares client is out everything seems to be coming together and I think it has huge potential.

The pegged assets are fascinating but they almost seem too good to be true however I can't see what is possibly wrong with them at the moment?

I do have some concerns though:
  • I read up on the recent dilution - with invictus innovations running out of funding due to the BTC price fall, could this happen as a method of fundraising again?
  • There is a risk of hardforks and possible roll backs. If I were to buy bts, could a rollback result in me then losing all of them?
  • It is still way too complicated for the average user to get involved - only crypto enthusiasts find it logical. When we reach v1 are there plans to make bts more user friendly (ease of securing bitUSD/bts & acquiring)?

Yup i'm working on some shopping cart plugins so e-commerce customers can plug into the bitshares world by accepting BitUSD/BitEur/BitGDP etc etc so it will be seamless integration, aslong as they accept a fiat currency they can accept the bitshares asset equivalent and the plugins will handle everything for you... this will enable customers to not have to "change" their way of doing business too much other than accepting bitshares assets(and adding in a bitshares plugin to the e-commerce shopping cart on their website) and converting them to fiat through BTS and then BTC if they really want, like to pay off suppliers etc.. but I'm guessing people will more and more likely intend to stay within the asset because it pays interest and BTS should rise, so converting to BTS from BitUSD etc.

 +5% Great


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