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General Discussion / Re: Hard Questions for Bytemaster
« on: December 03, 2014, 07:17:54 pm »FMV stands for "Follow My Vote". It was a DAC concept that is being folded into BTS.
Thanks!
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Thanks!
677
General Discussion / Re: Hard Questions for Bytemaster
« on: December 03, 2014, 06:50:32 pm »
Sorry for noob questions, but what does FMV stand for, and how does voting benefit from a blockchain ?
678
General Discussion / Re: BitUSD & Inflation
« on: December 02, 2014, 10:03:48 pm »
Does the yeild on BitUSD beat inflation?
679
General Discussion / Re: Holy smokes new old conspiracy prophecy
« on: December 02, 2014, 12:01:05 am »
Btw thanks for posting this. There is so much important stuff in this video that the mainstream video never talks about. Jim Rickards is probably the smartest economist around.
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General Discussion / Re: Holy smokes new old conspiracy prophecy
« on: December 01, 2014, 11:45:44 pm »
Jim Rickards is forecasting doom again!
All the figures he cites to show how messed up the financial system is make perfect sense, but I just instinctively feel that when the next crisis does come around they will succeed at plugging the holes in the ship by another round of gigantic money printing, and the system will keep chugging along. Worked in 2008, why wont it work next time?
I just cant imagine seeing mass riots and bread lines in the US.
Of course this means that the dollar is doomed, but as long as youve got your assets in real estate and crypto, you should be ok. Am I wrong?
Maybe I should sell my house now and be free of my mortgage whilst the debt is still easy going...
All the figures he cites to show how messed up the financial system is make perfect sense, but I just instinctively feel that when the next crisis does come around they will succeed at plugging the holes in the ship by another round of gigantic money printing, and the system will keep chugging along. Worked in 2008, why wont it work next time?
I just cant imagine seeing mass riots and bread lines in the US.
Of course this means that the dollar is doomed, but as long as youve got your assets in real estate and crypto, you should be ok. Am I wrong?
Maybe I should sell my house now and be free of my mortgage whilst the debt is still easy going...
681
General Discussion / Re: BTS 2970 on BTER? Glitch?
« on: December 01, 2014, 10:42:21 am »
Cheap shares buy buy 
682
General Discussion / Re: Submit Questions for 29 NOV 2014 "Dev Voice Hangout" @ 10AM EST at this Link:
« on: November 30, 2014, 02:15:22 am »683
General Discussion / Re: [BitAssets] Logo Icons & Buttons
« on: November 30, 2014, 01:08:04 am »
Very nice, but why not have the Stars & Stripes on the BitUSD logo, or the EU flag on BitEUR ?
Specifically in the top left segment of the logos.
Specifically in the top left segment of the logos.
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General Discussion / Re: The Bitshares SUPERbull thread
« on: November 30, 2014, 12:07:02 am »
I agree we should all embrace our inner Stan
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General Discussion / Re: Zennet project for distributed computing considering dpos
« on: November 29, 2014, 10:03:41 pm »
If they are allowing anyone to submit computing jobs to the blockchain, then the data for those jobs should be encrypted first, which would presumably mean that the job processing would be done on encrypted data. Anyone who could create a computational blockchain that supports homomorphic encryption is onto a winner.
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General Discussion / Re: Shortage of shorts... and your explanations is?
« on: November 29, 2014, 07:06:17 pm »You reasoned noone wants to short bitusd cause noone is bullish bts
Those 2 things are consistent.
I think its probably because we just had an unexpected spike, so people think we are due a correction.
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General Discussion / Re: Kim DotCom is broke. Bankrupted by legal fees.
« on: November 28, 2014, 12:49:55 pm »
I dont wish anyone to get extradited for copyright infringement, but that guy clearly was playing with fire by making millions off copyright infringement. I remember watching an interview with him, and he called it "innovation".
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General Discussion / Re: Proof of stake represents unbiased value proposition?
« on: November 28, 2014, 12:47:12 pm »
First assumption has been debunked - mining costs only forces miners to sell, it does not create a minimum price at which they will sell, i.e. "back the price".
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General Discussion / Re: ripple-style IOU gateway functionality!
« on: November 27, 2014, 01:39:57 pm »Regarding the fees, that is an interesting question. My intuition tells me that it isn't possible because that would make a DDOS attack by a gateway issuing infinite IOUS to pay for spam transactions possible. But if you can't pay for transactions with IOUs then it becomes inconvenient to use them as an on ramp... Maybe there is some inbuilt anti-spam system that detects if IOUs are issued for DDOS purposes. Also it should be up to the IOU issuer whether the IOU fees go to yield or are simply burned. If they are burned it can be a source of revenue for the issuer since they don't have to cover the burned IOUs and can take the collateral for themselves.
The gateway itself holds BTS, and they require that to pay for transaction fees whenever they issue/cancel an IOU.
But yes the transaction fee payed by the holder could simply be burned and kept as revenue by the gateway. As long as this is transparent.
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General Discussion / Re: 1M bit$
« on: November 27, 2014, 01:31:28 pm »
Awesome milestone!!!
Prediction: supply of 5-10 million BitUSD in 2015
Prediction: supply of 5-10 million BitUSD in 2015
