How did BitShares handle the market crash?

Quote from: santaclause102 on May 02, 2016, 10:28:14 PM
That is ridiculous! I guess that is exactly the (public) reaction they want. Too funny.... Someone from the steem team needs to confirm the 100k before I believe it

That DISCUSSION with all 21 comments is earning over $100K at this moment in time based upon the current price of STEEM and the amounts the network will award.

The number will fall dramatically as more people add content to "dilute" the rewards

I agree it is an obscene amount to pay for some political opinions from 21 people...  but no more obscene than paying $1 worth of STEEM for $.001 worth of hash power.    When people see the oversized payouts they should join in and compete to get their share until the actual payouts are inline with the current "difficulty".   

Note that half of the 100K is being paid to curators who are voting. 

It is literally free "share drop" on posters right now. All you need to do is create an account and start having discussions over there and earn free steem.

I think the future is pretty clear for BTS:

1. work out the kinks with Steem
2. merge best parts of steem + BTS into a next generation DEX
3. sharedrop + dev allocation

It is just a much longer roadmap.

Bug Fix Hardfork - Update Required to latest master within 21 hours.

Quote from: lafona on April 21, 2016, 01:34:20 PM
Hi banano,

while im not sure about vesting in bitshares/openledger. Puppies has put together a bot and tutorial for opening registering an account without linux which would allow you to create and access your wallet through steemit's website.
Puppies signup post: https://steemit.com/steemhelp/@dele-puppy/register-bot

You also might want to try out the steem slack channel: https://steem.herokuapp.com/

Im not sure if you can vest your funds from the steemit site, but that would probably be something people can answer in the slack channel.

Yes steemit.com allows you to convert STEEM into Steem Power (aka VESTS).

Quote from: svk on April 21, 2016, 02:41:21 PM

Quote from: mint chocolate chip on April 21, 2016, 01:43:36 PM

Quote from: svk on April 21, 2016, 10:37:50 AM

Quote from: liondani on April 21, 2016, 07:48:42 AM
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)

The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.

So vesting is not a 2 year lock? Penalty for early withdrawal?

VESTS can be converted to STEEM in 104 equal weekly payments, so spread out over two years.

Say you withdraw 104 VESTS, once per week you will receive 1 * STEEM/VESTS ratio STEEM. Right now that ratio is around 55 I think, so you'd get 55 STEEM.

Sent fra min MotoG3 via Tapatalk

Think of VESTS like a perfectly laddered CD. 
1% mature in 1 week
1% in 2 weeks
1% in 3 weeks...

The average maturity is 1 year.

They automatically "roll over" if you are not withdrawing your VESTS.

I think they will be forced to change their accounting out of the sheer ridiculousness of their ranking of Steem vs the rest of the market.

On Nov 5th you can claim it all.

No need to do it every day. The longer you wait, the more you can claim at once.

TaleRecursion, send your OPEN.STEEM to account 'steemit' on BitShares and include your STEEM account name in the memo and I will transfer the STEEM to you. 

My understanding was that OL / Blocktrades would process withdraw requests manually for any that did come up.  I was very surprised to learn that Dan would be on vacation at this time.

OpenLedger has 6302 STEEM on deposit.

http://steemit.com/@openledger

Anyone looking to unwind their order on OPEN.STEEM / OPEN.BTC can send me your OPEN.STEEM from the account they executed the trade(s) on.  I can unwind any trades executed by steemit which totals 1.67 OPEN.BTC worth of trades.  These trades were executed with the desire to help people get into STEEM and help bootstrap the market / price discovery. 

C'mon guys, let's get those VOTES in so we can trade STEEM on bittrex!!

Go to www.slack.bittrex.com to register.
Join the #voting channel
Scroll way up and click on the appropriate reaction associated to STEEM!


It takes just a minute of your time!  Less than 6 hours left in the voting.

Quote from: JoeyD on April 10, 2016, 11:35:55 AM

Quote from: Bubba-Gump on April 10, 2016, 07:21:40 AM
Your question is answered here:
https://bitcointalk.org/index.php?topic=1410943.msg14454864#msg14454864

Hmm, sorry to say, but that scheme sound a little iffy to me. If I understood it right, the founders not only gave themselves a bit of a mining advantage at the start, but also an almost factor 100 pump (in STEEM) right from the get go. Considering the critiques on ripple and nxt, that most likely will not make many friends in the crypto-scene. If a premine is a legal hazard, wouldn't this mechanic be a risky maneuver in that sense as well?

I am not sure what you mean by 100 pump (in STEEM) ? 

With respect to fees.  To create a new account requires 100 STEEM to be converted to VESTS in the new account.  In effect, there is no "fee", just a requirement to fund the account with a minimum balance of VESTS.

You can think of holding VESTS as owning a percent of available bandwidth, no fees are necessary because you already own the bandwidth you are consuming.

Are there people in China that are able and willing to take on maintenance?  Perhaps the best solution is to outsource this support to people who are more cost effective for the blockchain.

I think all that would be required is to identify someone trustworthy enough to grant access to github.   

Quote from: hrossik on April 06, 2016, 07:38:25 AM
Do you guys convert all steem to vested? The conversion starts to be quite ineffective :(

More effective than not converting. You may be getting less VESTS but that is just another way of saying that the mining reward as a percent of total STEEM is rapidly falling.  This is no different than any other crypto coin while the supply rapidly grows in percentage terms.

Quote from: Bhuz on April 05, 2016, 08:16:33 PM

Quote from: bytemaster on April 05, 2016, 08:11:30 PM
My preference would be to eliminate all fees and SIMPLIFY the role of committee members not make it more complicated.

Specify what you mean with *all fees*

Everything except market fees.

Quote from: liondani on April 05, 2016, 08:14:57 PM

Quote from: lil_jay890 on April 05, 2016, 08:03:37 PM
Who are these investors let in on the ground floor?  Were they Brownie holders?  I'm a brownie holder and didn't here anything about this opportunity.

+5% +5% +5%

YES what about brownies holders? I thought it is a BM asset... When bm wins brownies should rise! not?

Perhaps I haven't won yet.  I intend to buy back brownies with some of my STEEM once all the infrastructure is in place to do it.  I need to know how much STEEM I personally end up with.