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Messages - hammurabi

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In spite of the monthly buybacks the price of OBITS in BTS is 25% lower than 1 year ago, around the time when OBITS was launched. See my other post here,23329.msg300582.html#msg300582

I don't see how this buyback and burn could possibly be benefiting any investor *holding* the tokens, as the price of OBITS is actually going down instead of going up:

There is a net loss at the moment and all this time coins were being burned instead of distributed and no value is actually being added to the remaining tokens! What a waste...

"4. it is very clear that the biggest holder of OBITS publicly available decided to vote for buyback and burning, and his own comments have been made clear various places that he does not like the sharedropping, as it will complicate taxation issues, and him personally preferred a passive asset gradually becoming worth more by the redution of total supply via burning."

This biggest holder is the boss, is that it? I was counting number of votes on the OBITS voting website, not voting power. Where does it say in the voting page that votes are weighted according to voter's bag size? What taxation issues? Is there any taxation issue going on right now with the trades at OpenLedger and the profits people are making there?

"We are here for the long run, and OBITS is the center of it all "
Long run? It's been 1 year, and during all this time OBITS were generating a profit, which was being destroyed instead of generating value for the investors. I don't see how you're going to convince anyone to invest on OBITS going forward with this track record.

Destroying/burning the token is a very efficient way of distributing profit.
You need to read more on the supply & demand theory :)
There is no problem with burning other than us as we like to see increasing numbers like in fiat economy.

Think BTC, if you were holding 1 BTC from 2010 you would still have 1 BTC today. But the purchasing power is so much greater.

Also notice that BTC went up significantly this year and you are demanding obits to outperform it.

Meta / Re: Did forum posts between around Nov. 7 to Nov. 13 disappear?
« on: November 14, 2016, 10:13:19 pm »
I am surprised that there is no official message regarding the matter.
Good practice is to inform the public what happened.

Could be hardware failure or hack, or aliens.
Forum operator is just silent.

You will do yourself a favor if you switch to linux.
It is simpler to setup and maintain (more tutorials) and works far much better.

There are even ready to use wordpress system images like:
So it is super easy to start the thing going!

General Discussion / Re: Any non spam posts I should read here?
« on: October 25, 2016, 03:55:16 am »
Have been off of here (once my favorite place on the net) for months.

Is there any non spam/ non scam/ non idiotic promotions/ etc content  I should read?.

Sorry but the scam wall of posts by Compuseeds, followed by other almost equally deceiving posts by Obits (and or their other 20th ICO project), with no quality in between, just makes me  to want to puke.

Compuceeds are fun to read ;D

With Obits It doesn't look like there are any concerns.
Except for excessive communication maybe :)
But they run many separate projects so slowing down/tiding up messaging won't be easy.

From other interesting things:
- PeerPlays (best project so far)
- BitLand in Africa
- Sollywood (looks dead)

Stakeholder Proposals / Re: [Worker Proposal] Chronos Crypto Videos #2
« on: October 09, 2016, 03:27:53 am »
What impact will two weeks+ of golden beverage drinking have on BitShares future, adoption or development?! :D
Probably none .. why should it?
In right circumstances the potion grants super powers :)

At least we met some guys that are well known in the blockchain space and made new contacts. Since BitShares hasn't paid my trip there, I don't really see why you are asking for direct benefits for BitShares (besides the obvious ones)?
Sorry if I sounded like interrogating or asking publicly about your private time. I was just giving a toast sort of thing to the cheerful event!
Hopefully everybody enjoyed their time!

Stakeholder Proposals / Re: [Worker Proposal] Chronos Crypto Videos #2
« on: October 04, 2016, 02:55:31 pm »
@Stan You'll have to give me a hint: what is the meaning of this image?  :)

This wiki entry should shed some light :)

The big scientific question here is:
What impact will two weeks+ of golden beverage drinking have on BitShares future, adoption or development?! :D

General Discussion / Re: Glossery
« on: September 12, 2016, 09:48:24 pm »
thank you very much

but what does UIA mean?

and does it matter to know..:)

UIA is User Issued Asset
On Bitshares platform you can issue your own token and sell it on Bitshares' Decentralized EXchange.
It is a perfect solution to share or distribute any kind of project among people.

Stakeholder Proposals / Re: Proposal: Add XMR Smartcoin
« on: August 30, 2016, 12:30:50 pm »
upvoted :)

General Discussion / Re: Bitshares price discussion
« on: August 29, 2016, 05:55:46 pm »
Over $2M 24-hour volume on CMC.  I think that's an all-time record.

I dont think it is, not even close.

CMC shows us as having $6,366,160 daily volume on March 11, 2016. So we're like...a third of the way there anyway.

hmm, where can we find those CMC figures?

-- modified --
nevermind, for some unknown reason I deciphered it as CompuMatrix<something>
Of coure we have nice graphs on CoinMarketCap here:
and peerplays here:

Freebie / Re: Minecraft/test Bitshares Island.
« on: August 29, 2016, 09:28:09 am »
BitShares Island?

General Discussion / Re: Who will help me build a public testnet?
« on: August 27, 2016, 08:59:22 am »
Code: [Select]

The following Boost libraries could not be found:


  Some (but not all) of the required Boost libraries were found.  You may
  need to install these additional Boost libraries.  Alternatively, set
  BOOST_LIBRARYDIR to the directory containing Boost libraries or BOOST_ROOT
  to the location of Boost.

Now what? Is it really that hard to write a proper documentation for this?

The documentation is obviously flawed. How are we supposed to trust the code, then?

I still want to install a witness node. Any help would be much appreciated.

Yeah, these boost libraries are very often a pain.
try this to see available libraries:
apt-cache search libboost
and then type this to install them:
apt-get install libboost-whateverismissing
(use sudo for above commands if you are on Ubuntu)

I think the reason for the problem is that most developers have those libs installed.
And since the Quality Assurance is non-existence nobody else could spot the problem.

For ubuntu 15.10 I see nice package which should do the trick:
libboost1.58-all-dev - Boost C++ Libraries development files (ALL)
libboost-all-dev - Boost C++ Libraries development files (ALL) (default version)

but I didn't test it.

Random Discussion / Re: Your opinion on Bytemaster
« on: August 24, 2016, 12:34:53 am »
Dan is very fluent on economics. His ideas are usually ahead of time. Remember the very first whitepaper on DACs? He recognized quickly how blockchain technology can be used for so much more than mere money. And he quickly created a transparent plan how to pull it off.

He managed to create the idea, form legal framework for it, build up a team and deliver the perfectly working platform.
His work is a 99,99% success. Unfortunately for us this great accomplishment have not translated into shiny coins, yet.
Probably due to bitcoin winter at this time. Maybe this summer will be different. :P

Hopefully it will get traction, we will get rich and accusations stops from happening.

Compare Dan's work with Ethereum Foundation's for example. They were much luckier with timing (after bitcoin winter). They started later, incorporated Dan's ideas for free and with loud campaign how revolutionary the change of one letter from The DAC to The DAO can be they siphoned almost 150m usd for the effort.
While The DAO was a complete fiasco BitShares DACS works and are super fast and stable.
Still not seeing any difference?!

General Discussion / Re: 10 minutes of your time
« on: August 23, 2016, 11:31:05 pm »
When the first "1outof10" questions start there is no clear request what is required of a participant.
There should be something like "How familiar are you with the topic", I think :)

The other thing regarding the survey is that for some answers I would rather use "not sure" than giving any answer in particular.

General Discussion / Re: Peerplays Announcement - BTS Snapshot Date
« on: August 16, 2016, 02:22:52 am »
If I have 1000 BTS in the snapshot, how many peerplays token will I get ? How to calculate it?

5% of total peer plays tokens will go to 100% bts tokens.
Filling the gaps will yield you an answer :)
Sorry, too late here for doing math.

From the name of their registered domain (dao-donbass) I am assuming that they have ethereum in mind.
Maybe we have some Ukraine based members who could teach them about BitShares superiority over ethereum ??!

How BitShares is a proven technology, faster & more throughput, ready to be imtegrated, etc.

They probably know very little about it and simply go with the ethereum hype!

The article is here:
The donbass dao page:

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