I wanted to support Stan's HERO project, so I borrowed 500 HERO into existence. I then sold them at 520BTS/HERO for about 260,000 BTS.

The sell order is in Block #17657423 and the fill transaction is in Block #17657508. Everything looks good.

Except I did not receive the 260,000 BTS.

Now I have zero of the HERO tokens, as they were transferred out of my account, but I owe 500 HEROs.

It gets worse:

Just now my account is telling my I bought 69 HERO at 528 BTS/HERO in Block #17662834

I did not enter this order and, if you look at the block, there is no order nor a fill for 69 HEROs by me or anyone else.

But my account balance has dropped by about 4000 BTS.

Please help me understand what has happened - I'm getting seriously concerned that I have just seen 500 HERO and 260,000 BTS vanish from my account and a trade that I did not make suddenly appear.

What the hell is going on?!

For a brief background please read my post here: https://bitsharestalk.org/index.php/topic,22125.msg296501.html#msg296501

Short version is that Steem features a lot of innovations created by this community over the past three years and I strongly believe AGS/PTS investors should be share dropped, but further in-fighting is a waste of time until we hear from Dan.

Steem is an amazing platform and I believe it is going to be big. Really big. Multi-platinum, eat-Facebook's-lunch big. The quality of the content has completely surpassed Reddit and the level of community engagement makes Facebook look like MySpace. And that's just a few weeks of beta and 20-30k users. In six months it will be a monster.

Bitshares, on the other hand, is the ugly duckling of crypto. Complex, misunderstood, neglected and largely ignored. But with same heart of gold that is making Steemit fly.

To mature and blossom Bitshares needs DEX liquidity, a tighter share supply and visibility. There are enough Bitshare's community members that are now Steemit whales to send Bitshares straight to the moon. I don't know why this isn't happening. There are a dozen or so devs with millions in combined buying power - the DEX could be flooded with liquidity and BTS could be getting pumped up CMC just like STEEM.

I suspect for most noveau-whales the profits from Steem Power compounding far outweigh the profit that could be made trying to pump Bitshares or provide liquidity. This is perfectly rational and I would do the same were I in their position. As I am not, here is my proposal to the community:

1. I have created a Steemit account with user name of 'oldman'

2. 'oldman' will publish two to three blogs per week, or more if I can manage the time

3. I ask that all of the Bitshares cum Steemit whales 'upvote' my posts. Dan, fuzzy, riverhead, xeldal, arhag, onceuponatime, donkypong, xeroc, et. al I'm looking at you and need all of your votes

4. Everyone else in the Bitshares community that is not a Steemit whale, but would like to see their Bitshares investment prosper, please register an account and upvote

5. 100% of the rewards from posting will be converted to Steem Power ("Powered Up")

6. When the Steem Power balance reaches 70,000 SP I will "Power Down" seven (7) blocks of 10,000 Steem Power, one block per day of the week

7. This will result in a daily payout of STEEM, seven days a week, for a two year period

8. Payout will be used to buy BTS in the tightest markets I can find with greatest slippage, ie. every BTS buy will be a small pump that I will attempt to sustain as long as possible

9. 50% of BTS will be held

10. 50% of BTS will be used to provide liquidity on the DEX

From what I can see, if all the Bitshares whales upvote we should be in business with 10-20 posts, so maybe a month of 'blogging' is required to get up and running. I'm not sure one guy can make much of difference, but damned if I'm going to sit around and watch Steemit run into the billions while Bitshares languishes. We have built the best crypto-finance platform on the planet. Steemit is nothing if not confirmation of just how good Bitshares really is. But we need people buying BTS and we need liquidity on the exchange.

If we can get to the ~ 70,000 SP level I should be able to buy ~ 2M BTS per day. It's not much but if I am constantly spiking low volume exchanges people will notice. And considering the levels of liquidity on the DEX a million or so BTS per day will add up fast.

If the 70k is hit I will continue to pump BTS and provide liquidity for the duration of the two year SP redemption period. Consider this a social contract, though I'm really asking for nothing more than votes from the community.

If we work together we can substantially increase BTS market cap, and consequently provide the much needed funding for development.

I will also support any other community member that wants to join me in 'blogging' and using the proceeds to benefit Bitshares. At the time of writing 'oldman' has exactly 5.016 SP, so my voting power isn't much, but you're welcome to it.

Links to the blog posts will be posted in this thread for upvoting, as well as updates on SP balance.

Thank you!

First off, huge congratulations to the devs and all who contributed to this milestone!

Second, can we please organize a social media campaign to get the 100,000 TPS on the headlines?

I, being old and stodgy, don't do FB, twitter, reddit etc. but to anyone that owns BTS and has accounts with these services please start throwing this number around.

The timing could not be more opportune with BTC's current flap over block size and scalability.

BTS will instantly grab headlines as "BTC can't get consensus to scale to a few thousand TPS; BTS has 100,000 baked in and does everything BTC does, better."

Go forth!

http://www.reddit.com/r/Bitcoin/comments/2vk981/medical_marijuana_industry_pouring_millions_into/

Someone needs to say hello to the medical pot industry.

Methodx is looking for low hanging fruit, this is it.

Light wallet and a little bit of marketing could pump tens of millions into bitUSD.

bitUSD literally solves the entire industry's banking problems.

http://www.reddit.com/r/Bitcoin/comments/2t86n6/100000_bounty_completion_call_to_core_devs_and_you/

Look familiar?

We know DACs can generate and distribute profits... but how does a DAC manage operating expenses?

Currently BTSX is able to effectively manage OPEX for security via the delegate pay rates, but how can funds be raised/allocated for marketing, maintenance, development etc?

There is an important thread on this subject (https://bitsharestalk.org/index.php?topic=9603.0 where folks are struggling with the use of dilution/inflation/debasement to fund a marketing campaign.

Issuing new shares to raise capital, or printing money to stimulate an economy, are common practices in centralized systems that work reasonably well (corporate share issues) to horribly (fiat debasement).

Dilution/inflation/debasement schemes end badly more often than not (ie. current global economy, denarius through USD) and have a disturbing tendency to funnel value from the many to the few.

A decentralized system has no need to dilute/inflate/debase nor should such schemes be permitted under any pretense.

Currently:

BTSX Revenue = Transaction fees etc.

BTSX Expenses = Security via delegate pay

BTSX Profit = Revenue - Expenses = Burn

It is not a reasonable/sustainable to assume the only OPEX will be paying delegates to provide network security.

Suppose (ha!) a new class of delegates, Super Delegates, are created to manage these other operating expenses - marketing, development, legal, etc:

- One superdel position is created for each operating expense, ie. Brian would be the Marketing SD, Dan would be the Development SD, [a lawyer] would be the Legal SD etc.

- The superdel is responsible for administering fund allocations to further the interests of the DAC in the most effective and efficient manner possible.

- If the superdel is not effective, he/she is voted out and a new superdel voted in.

- A short grace period (term) would be required to allow Superdels some time to implement their platform, say three or six months. Thereafter any Superdel candidate with a higher percentage of votes can replace the current Superdel. Upon being appointed the new Superdel then has the grace period, etc.

- Superdel fund allocations that are not used by the end of the year are burned, ie. unused value is returned to shareholders.

Now... how are the pay rates/allocations set and adjusted?

Each Superdel pay rate/allocation is determined in exactly the same way as delegates are elected, by shareholder vote:

- The entire burn is available for OPEX, ie. security and Superdels

- Whatever is left over after security is paid is eligible for Superdel allocation

- Whatever is not allocated to Superdels is burned

A quick/simple example of how this mechanism would operate:

Currently marketing is a high priority; shareholders vote Brian in as the Marketing Superdel and allocate 100% of the burn to Marketing.

Over the next three months Brian rolls out marketing campaigns that flop.

Meanwhile MeTHoDx has been killing it on the message boards and has all kinds of good ideas backed by the community. Brian's grace period expires and the community votes in MeTHoDx as the Marketing Superdel. He goes to town and market cap skyrockets.

BTSX hits a $1T cap and plateaus; all demographics have achieved critical mass and marketing campaigns no longer meaningfully impact market cap.

Shareholders vote to reduce the Market Superdel allocation and thereby increase the burn. Market cap starts ticking up because of the increased ROI to shareholders.

Shortly thereafter Big Gov/Bank collude to introduce legislation aimed at dismantling decentralized finance platforms.

Shareholders vote to allocate 100% of the burn to the Legal Superdel. The legal Superdel receives the fiat equivalent of millions of USD in funding and is able to retain a high profile legal team who successfully challenge the proposed legislation.

Etc. etc.

Once the AGS funds are spent the training wheels come off - a mechanism such as this is the only way to ensure DACs don't crash once Daddy lets go.

Such a system will make DACs truly sustainable by giving the DAC the means to grow, adapt and evolve.

For consideration and review.

Post here:

http://www.reddit.com/r/Bitcoin/comments/2h7cdt/killer_app_for_bitcoin_incentivized_meshnets/

Not sure if this has been discussed, but seems like an ideal application for a DAC.

Perhaps combined with DNS as a one-two punch?

Wonder if some that BTC value is cashing out and heading to BTSX? Perhaps a trickle....