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Random Discussion / Using User generated assets to raise money for a startup?
« on: March 13, 2015, 08:10:39 pm »
Thoughts on using user generated assets to raise money for a startup?
Pros
cons
Pros
cons
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Random Discussion / Why aren't there many women in crypto?
« on: January 31, 2015, 10:30:57 pm »
What are your thoughts?
I think the reason there aren't many women in crypto land is because they simply don't care. It seems like many women are usually more interested in fashion and gossip. Plus, if the woman is pretty she will have hordes of men trying to give her everything she wants in hopes of 'winning her.' So there is no incentive for her to create and build things that will make her rich, powerful or admired. Men are already doing that.
I think the reason there aren't many women in crypto land is because they simply don't care. It seems like many women are usually more interested in fashion and gossip. Plus, if the woman is pretty she will have hordes of men trying to give her everything she wants in hopes of 'winning her.' So there is no incentive for her to create and build things that will make her rich, powerful or admired. Men are already doing that.
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Random Discussion / Universal Basic Income? Oh no that's Marxist
« on: January 15, 2015, 08:21:36 am »
This guy is basically saying what Ray Kurzweil and others have said before.
Computers that can think, write, and learn faster than what humans are capable of. Rise of the machines?
I can see how these computers (AI?) can lead to a world of abundance. I can also see how this will flip everything we think we know about economics upside down.
These deep learning algorithms, as of just last month (December 2014) became capable of replacing 80% of intellectual jobs. The majority of jobs in developed nations are intellectual.
"The better computers get at intellectual activities, the more they can build better computers to be better at intellectual capabilities"
Intelligence explosion?
So what do we do when humans can't compete with the superior intelligence of computers? What do we do when a computer can write better software than you, write a better poem, or diagnose sick people better than any physician on Earth?
The guy has some suggestions at the end, one of them being universal income. However, most would say that that is communism/socialism/marxism and be vehemently against it.
Here is the video. Very interesting
https://www.youtube.com/watch?v=t4kyRyKyOpo
Computers that can think, write, and learn faster than what humans are capable of. Rise of the machines?
I can see how these computers (AI?) can lead to a world of abundance. I can also see how this will flip everything we think we know about economics upside down.
These deep learning algorithms, as of just last month (December 2014) became capable of replacing 80% of intellectual jobs. The majority of jobs in developed nations are intellectual.
"The better computers get at intellectual activities, the more they can build better computers to be better at intellectual capabilities"
Intelligence explosion?
So what do we do when humans can't compete with the superior intelligence of computers? What do we do when a computer can write better software than you, write a better poem, or diagnose sick people better than any physician on Earth?
The guy has some suggestions at the end, one of them being universal income. However, most would say that that is communism/socialism/marxism and be vehemently against it.
Here is the video. Very interesting
https://www.youtube.com/watch?v=t4kyRyKyOpo
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Random Discussion / This is why there is no conspiracy when it comes to why the rich get richer
« on: January 01, 2015, 01:50:06 am »
The reason there is vast wealth inequality is because we have been living in a society where wealth meant physical assets. Assets such as land, cattle, factories, real estate etc. These assets get passed on from one generation to the next. The barriers to entry to even acquire these assets in the first place are quite high. It is challenging for the average person to obtain such assets. At the same time those that come from wealthier families have a very substantial advantage over those that don't. Basically if your family is rich you'll most likely still be rich and if your family is poor you will most likely still be poor. This is part of the old commodity based economy.
Now, in the knowledge economy which we are currently making a transition too, wealth isn't defined by commodities but rather by intellect and your social reputation. Just like it was for our hunter gatherer ancestors.
I think its just best if you read the research I learned this from. They do a better job at explaining.
Intergenerational Wealth Transmission and the Dynamics of Inequality in Small-Scale Societies
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2792081/#!po=0.416667
Now, in the knowledge economy which we are currently making a transition too, wealth isn't defined by commodities but rather by intellect and your social reputation. Just like it was for our hunter gatherer ancestors.
I think its just best if you read the research I learned this from. They do a better job at explaining.
Intergenerational Wealth Transmission and the Dynamics of Inequality in Small-Scale Societies
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2792081/#!po=0.416667
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Random Discussion / Is it Possible that what we believe is incorrect?
« on: December 19, 2014, 09:52:51 am »
"During the Golden Quarter, we saw a boom in public spending on research and innovation. The taxpayers of Europe, the US and elsewhere replaced the great 19th‑century venture capitalists. And so we find that nearly all the advances of this period came either from tax-funded universities or from popular movements. The first electronic computers came not from the labs of IBM but from the universities of Manchester and Pennsylvania. (Even the 19th-century analytical engine of Charles Babbage was directly funded by the British government.) The early internet came out of the University of California, not Bell or Xerox. Later on, the world wide web arose not from Apple or Microsoft but from CERN, a wholly public institution. In short, the great advances in medicine, materials, aviation and spaceflight were nearly all pump-primed by public investment. But since the 1970s, an assumption has been made that the private sector is the best place to innovate."
http://aeon.co/magazine/science/why-has-human-progress-ground-to-a-halt/
Very interesting article would highly recommend reading it.
http://aeon.co/magazine/science/why-has-human-progress-ground-to-a-halt/
Very interesting article would highly recommend reading it.
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Random Discussion / So I was thinking...
« on: December 12, 2014, 12:43:26 am »
Thepiratebay is down and I figured this out the other day I was "browsing" on the site. Needless to say that I was very irked because now I had to "browse" on a different torrent site. 
Anyways, I thought about Bitshares and the whole DNS portion of the project. I'm not knowledgeable at all with how the whole domain name system works. (I haven't really tried learning either)
If there was a file sharing website on Bitshares DNS would it be much more resilient against the authorities? Could file sharing websites be the "killer app" for the DNS portion of the project?
Anyways, I thought about Bitshares and the whole DNS portion of the project. I'm not knowledgeable at all with how the whole domain name system works. (I haven't really tried learning either)
If there was a file sharing website on Bitshares DNS would it be much more resilient against the authorities? Could file sharing websites be the "killer app" for the DNS portion of the project?
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Random Discussion / What happens when you're the first black president?
« on: November 09, 2014, 01:25:18 am »
Not all Republican are racists but ALL racists are Republican!
Again white trailer trash people don't like Obama simply because he is black. If you look at it objectively we are way better off in 2014 than we were in 2009 after Obama took over the disastrous damage George W Bush caused. When republicans say we are going to take back our country, I'm not sure if they mean taking over Great Britain or have a homogeneous white population in America like it was decades ago where segregation was legal.
Now versus 2008-2009
Unemployment rate is down to 6.1% it was 8.3% in 2009
Real GDP is $16.2Trillion now it was $12.5 trillion in 2009
GDP growth is POSITIVE 4.6% it was NEGATIVE 5.4% in 2009 because of stupid Bush
DOW(Stock Market) $17,113 NOW it was $7,365 in 2009
Housing Prices POSITIVE 8.9% NOW it was NEGATIVE 7.1% in 2009
Even discretionary spending has gone down under President Obama's watch and a Democratic Senate.
Discretionary spending has gone down to $1.1 Trillion NOW
In 2009 because of Mr Bush's term discretionary spending was $1.4 trillion
Not to mention that the difference between Romneycare and Obamacare is simply that for the latter being black causes massive opposition.
Republicans so blinded by racism that they fail to see that President Obama has actually helped navigate this country out of the worst economic disaster since the Great Depression!
The Teabaggers here should be called the American Taliban. They have similar beliefs as the middle eastern extremists without the violence of course.
They want a theocracy not really fond of seperation of church and state
They ignorantly believe the theory of evolution is a belief system! WTF?! Theory in science has a different definition than in everyday language. Theory = Explanation. Explanation derived from experiments, facts, laws etc. There is a thing called the Theory of Gravity but no one is going to jump off a 6 story building and say, "oh yeah gravity, its JUST a theory and a belief."
Anti gay
Anti women
Anti Science
Anti Education
Anti tolerance
Anti Minorities
Pro War
Pro destruction
Pro ignorance
Pro theocracy (Iran is a theocracy I bet we'd love to have that here)
Pro racism
Pro white supremacy
They won the senate because all the hate they have towards the black man in the white house.
Again white trailer trash people don't like Obama simply because he is black. If you look at it objectively we are way better off in 2014 than we were in 2009 after Obama took over the disastrous damage George W Bush caused. When republicans say we are going to take back our country, I'm not sure if they mean taking over Great Britain or have a homogeneous white population in America like it was decades ago where segregation was legal.
Now versus 2008-2009
Unemployment rate is down to 6.1% it was 8.3% in 2009
Real GDP is $16.2Trillion now it was $12.5 trillion in 2009
GDP growth is POSITIVE 4.6% it was NEGATIVE 5.4% in 2009 because of stupid Bush
DOW(Stock Market) $17,113 NOW it was $7,365 in 2009
Housing Prices POSITIVE 8.9% NOW it was NEGATIVE 7.1% in 2009
Even discretionary spending has gone down under President Obama's watch and a Democratic Senate.
Discretionary spending has gone down to $1.1 Trillion NOW
In 2009 because of Mr Bush's term discretionary spending was $1.4 trillion
Not to mention that the difference between Romneycare and Obamacare is simply that for the latter being black causes massive opposition.
Republicans so blinded by racism that they fail to see that President Obama has actually helped navigate this country out of the worst economic disaster since the Great Depression!
The Teabaggers here should be called the American Taliban. They have similar beliefs as the middle eastern extremists without the violence of course.
They want a theocracy not really fond of seperation of church and state
They ignorantly believe the theory of evolution is a belief system! WTF?! Theory in science has a different definition than in everyday language. Theory = Explanation. Explanation derived from experiments, facts, laws etc. There is a thing called the Theory of Gravity but no one is going to jump off a 6 story building and say, "oh yeah gravity, its JUST a theory and a belief."
Anti gay
Anti women
Anti Science
Anti Education
Anti tolerance
Anti Minorities
Pro War
Pro destruction
Pro ignorance
Pro theocracy (Iran is a theocracy I bet we'd love to have that here)
Pro racism
Pro white supremacy
They won the senate because all the hate they have towards the black man in the white house.
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General Discussion / Suggestion to Investors
« on: November 01, 2014, 11:18:39 pm »
My suggestion is to not keep or invest in PTS prior to the snapshot. Move it over to BTS. You will have your funds locked up during the whole vesting period. (has this changed?) At the end of the day the interest you may gain at the end of the vesting period may not be worth the wait. Take into account the dilution that will happen during the vesting period. I say this because something similar has happened before. Those that invested in AGS prior to the February 28th deadline could have bought BTS during the summer for the same price as AGS pre Feb. 28. Of course I am also aware that AGS earned me vote and dns.
This is just my opinion based upon the information I have or think I have available. You make your own decisions.
The merger makes sense for the long term but given the recent downfall, people are either making the statement that they don't agree with the direction things are heading or they have simply lost trust.
As long as your funds remain liquid you will have greater freedom to vote with your money.
This is just my opinion based upon the information I have or think I have available. You make your own decisions.
The merger makes sense for the long term but given the recent downfall, people are either making the statement that they don't agree with the direction things are heading or they have simply lost trust.
As long as your funds remain liquid you will have greater freedom to vote with your money.
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General Discussion / Does the Wallet still display incorrect amount?
« on: September 05, 2014, 05:21:43 am »
Does the wallet still display incorrect amount of bitshares? For the latest release?
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General Discussion / Will BitsharesX Surpass Litecoin Before Jan. 1st, 2015?
« on: September 04, 2014, 07:28:10 am »
Will BitsharesX be worth more than $150-$160million before Jan. 1st, 2015?
Make your bet.
https://www.fairlay.com/predict/registered/new/bitsharesx-crosses-litecoin-before-jan-1st/
Make your bet.
https://www.fairlay.com/predict/registered/new/bitsharesx-crosses-litecoin-before-jan-1st/
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General Discussion / Someone was selling 38 BTC on Bter
« on: August 29, 2014, 11:35:34 pm »Is someone from I3 cashing out of BTSX?
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General Discussion / Just thought I'd share-Funding College Education
« on: August 27, 2014, 10:27:33 pm »
While watching this I thought of the great blockchain. Maybe one way to get college students excited about Bitshares was if
they could fund their education with Bitshares instead of loans.You would effectively sell shares of your future income to fund your college education. Investors could then invest in student backed securities and derivatives. What are your thoughts? Would you do this?
https://www.youtube.com/watch?v=aHzK6DAnUtI
they could fund their education with Bitshares instead of loans.You would effectively sell shares of your future income to fund your college education. Investors could then invest in student backed securities and derivatives. What are your thoughts? Would you do this?
https://www.youtube.com/watch?v=aHzK6DAnUtI
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General Discussion / A Few Articles that Mention Bitshares
« on: August 25, 2014, 06:30:14 pm »
http://www.cryptocoinsnews.com/news/weekly-altcoin-update-bitsharesx-price-soars-xcurrencys-plan-decentralize-internet/2014/08/23?utm_source=rss&utm_medium=rss&utm_campaign=weekly-altcoin-update-bitsharesx-price-soars-xcurrencys-plan-decentralize-internet
http://www.forexminute.com/bitcoin/cryptocurrency-trading-news-bitcoin-stiff-litecoin-drops-bitsharesx-hit-skies-42764
http://www.forexminute.com/bitcoin/bitsharesx-pumped-grabs-third-position-market-capitalization-42516
http://www.forexminute.com/bitcoin/cryptocurrency-trading-news-bitcoin-stiff-litecoin-drops-bitsharesx-hit-skies-42764
http://www.forexminute.com/bitcoin/bitsharesx-pumped-grabs-third-position-market-capitalization-42516
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General Discussion / Don't Google BTSX...
« on: July 20, 2014, 05:52:34 am »
I decided to google BTSX and one of the top links I came across was this
http://www.urbandictionary.com/define.php?term=btsx
First, I didn't know BTSX was an acronym for 'buttsex'... you learn something everyday
Secondly, Google needs to do a better job!
That's all
http://www.urbandictionary.com/define.php?term=btsx
First, I didn't know BTSX was an acronym for 'buttsex'... you learn something everyday
Secondly, Google needs to do a better job!
That's all
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General Discussion / New Asset MKC!
« on: July 20, 2014, 03:53:23 am »
So I created a new asset on the bank and exchange. I call it MKC which stands for market cap, specifically that the market cap of BTSX on July 19, 2015 will be $1,000,000,000. One Billion US Dollars is about 35 times greater than what the market cap is estimated to be at the moment.
"When do I buy? When do I sell?
As described above, there are two possible outcomes to each event - yes, the event will happen, or no, the event won't happen. Your opinion on what the outcome will be determines whether you buy shares or sell shares:
If you predict the market event will happen then you BUY shares
If you predict the market event will not happen then you SELL shares.
(Yes, you can sell shares before you own them. This is known as "short selling" and is explained further below in Short Selling - selling shares that you don't own.)
As an example, let's say you want to make a prediction on the following market: The Dow Jones to close on or above 13,000 on 30 Dec 2011. If you predict the Dow Jones will close on or above 13,000 then you will BUY shares. If you predict the Dow Jones will not close on or above 13,000 (i.e. close lower than 13,000) then you will SELL shares."
https://www.intrade.com/v4/misc/howItWorks/theBasics.jsp
"When do I buy? When do I sell?
As described above, there are two possible outcomes to each event - yes, the event will happen, or no, the event won't happen. Your opinion on what the outcome will be determines whether you buy shares or sell shares:
If you predict the market event will happen then you BUY shares
If you predict the market event will not happen then you SELL shares.
(Yes, you can sell shares before you own them. This is known as "short selling" and is explained further below in Short Selling - selling shares that you don't own.)
As an example, let's say you want to make a prediction on the following market: The Dow Jones to close on or above 13,000 on 30 Dec 2011. If you predict the Dow Jones will close on or above 13,000 then you will BUY shares. If you predict the Dow Jones will not close on or above 13,000 (i.e. close lower than 13,000) then you will SELL shares."
https://www.intrade.com/v4/misc/howItWorks/theBasics.jsp
