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Anyone contacted support yet? My guess is their wallet fell out of sync.
Yeah, 4 days ago. Their reply:QuoteDear Sir,
BTS withdrawal will be enabled later.
Please kindly keep an eye on the withdrawal page for update.
Best
bter.com
Did you children sell your bitcoins a few years ago when they went down from $30 to less than $2?
I didn't.
I bought more.
And I sold them later at $800 each (to buy BTS)
And I am buying more BTS now.
People just randomly dumping everything to chase whatever already broke out. They dump to buy LTC, now they dump LTC to buy NXT, and its up 40%.They sold everything to buy NXT because of this news.
http://www.forbes.com/sites/rogeraitken/2015/07/05/greek-economic-crisis-is-a-parallel-currency-the-answer/
Interesting discussion! This is only my view today, which could change tomorrow!
Allow an ideal free system to evolve from any initial power or wealth distribution, and over time it will naturally approach a power law distribution, where most is in the hands of a minority. But as long as all agents are free and non-violent, this is a reasonable outcome, including the existence of monopolies, that still only survive in the private market as long as they satisfy the needs of other people. In principle, those at the top of the power/wealth distribution are those that have and continue to serve society's demands the best. The resulting spread comes down to differences in skill, effort and unavoidably, luck.
That's all in principle. The problem is that an element of those with the most power will always seek to cement that power through depriving the choices of those without it, and will bend and reform the system to meet this purpose. Thus even a theoretically sound system ends up being corrupted by human nature. You can alternatively set up a system where power is maintained more equally, but such a non-equilibrium can only then be sustained by the force of an authority (e.g. socialism), which is then a contradiction that will ultimately be exploited.
So power struggles are not a problem of which system, as all systems converge eventually toward abuse of power, which in the end is only corrected by a revolution, with a new optimism, beginning a cycle anew. The technology (e.g. block-chains) only allows different kinds of systems to be tried, but it does not offer any panacea to these basic problems. Different systems will come and go, and the debates over which labels are best will continue. Some systems are less corruptible for longer than others, which is about the best we can aim for.
As I see it, the only lasting solution left is not a system at all, but a very human characteristic - learned wisdom.
Bitcoin is trustless, bitshares is not.That quote is IMHO not correct ...
BitShares makes a trade-off .. it reduces the trustlessness and gains efficiency ..
but when you compare the "trustlessness" of bitcoin you will notice that pooled mining killed it for bitcoin ..
if everyone was solo-mining bitcoin would be unbeatable in terms of trust ..
How many entities do you trust to sign half the blocks?
Bitcoin: 3 self-appointed, CEO's for life
BitShares: 51 elected delegates you can fire in 10 seconds
BitShares 2.0 N elected witnesses you can fire in 1 second where voters choose N
Which is more trustless?
BTS doesn't have to handle micro payments to be an unimaginable success. all we need is one export/import industry to start using bitUSD or any of the other bitassets for currency hedging and we're talking about potentially billions added to our market value. now imagine if financial institutions started using bitassets to park capital, or if people in financial repressed countries started using bitassets to protect themselves from domestic political risk? we don't need to fight the micro payments battle alongside BTC or the other crypto currencies to be overwhelmingly successful in our core function of providing decentralized p2p asset exchanges.
There is very much a use case for the transaction load that BTS can handle and the micropayment applications that everyone is looking to make. View it in the sense of applications. This infrastructure is very useful, but the only thing preventing micropayments are the fees.
Bitshares is suffering from "developer uncertainty". Devs have a terrible history of manipulating supply, splitting and joining networks, wasting crowdfunded donations, attempting to pump the price on vague, empty promises, distancing themselves legally and financially from shareholders, taking the shareholders hostage with their proprietary, closed IP. Now the lead developer launches his own coin that is rumored to potentially be a target of some kind of future value infusion from Cryptonomex, instead of BTS. I'm not even saying that all of those points are valid, but that has to be the view from the outside.
Shorting is simple.
If the buy wall is at 154 and the sell wall is at 156
Place a buy order for 500 BitUSD at 155 (don't hit confirm)
Place a short order for 500 BitUSD at 155 (don't hit confirm)
Now hit confirm on both orders and wait for them to fill each other
sell your BitUSD and you are now short.
Do this every 30 days to roll your position over.
Because so many people got burned on the 30 day rule expiring on them, they are gun shy. But when the 2.0 launches, then everybody will be doing it, because it will be easier, so by then it will be too late to short at these prices.
There was a Hangout last week with silverbug BrotherjohnF who discussed how silver is "the people's money" as the market is too small to manipulate compared to gold.
I'm not sure how a smaller market would make it less susceptible to manipulation? the opposite would seem to be the case.
A smaller market in the realm of physical silver coupled with high industrial demand makes it a market than is easier to break the manipulators' backs because if too many trading silver contracts want to call and choose physical delivery, then it creates a short squeeze.
The market of physical silver is so small compared to its real world demand that it can be used as leverage against high levels of naked shorting--one of the primary tools the money masters use to ensure gold and silver do not break the perceived value of the fiat in circulation.
There was a Hangout last week with silverbug BrotherjohnF who discussed how silver is "the people's money" as the market is too small to manipulate compared to gold.
