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Messages - profitofthegods

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1
General Discussion / Re: Prospectus for BlockTrades public offering
« on: April 09, 2016, 08:35:21 pm »
i would be more interested in your monthly revenue streams and how they are splitted.

where comes the increase in the asset value? only from revenue streams?

do you plan to pay dividends?
These are normal stock shares, not some form of derivative with a complex valuation, so I think it's simple to understand how they appreciate in value.

So you will be getting money from some kind of central bank, either directly or via its subsidiaries, whilst everyone pretends that your share price has some kind of connection to the value of the company when in actual fact it really doesn't?

Joking, kind of.

Its funny, but everyone is calling scam all the time in the crypto world yet when I look at this the whole idea that a company's shares are supposed to magically track the value of the company without some kind of mechanism to enforce it looks like such a scam after being in crypto - but yet that is exactly how the stock market works! Amazing! I think I've been spoiled by crypto-investments, but you look like a great company anyway and I'm lucky enough to be in the UK where the main financial rule seem to be that if you're doing something dodgy you base it in one of the colonies (yes Cayman Islands, I'm talking to you) so I'll probably want to buy some of your shares.

If this is an actual stock share then am I right that this will be the first actual (legal) company share issued on the blockchain open to retail investors? I know others have done it like Overstock but they weren't available for the likes of me to buy. Maybe there are others I've missed but I can't think of any.

2
Technical Support / Re: What is the 'Fee Rate'?
« on: October 22, 2015, 01:38:40 pm »
Is there no documentation which explains this - all the documentation I have seen is general about the protocol and features with nothing about how the process works and what the terminology is.

I still really don't understand margin call price. There is a maintenance call price, which is what is usually referred to as the margin call price. Is it that any sells below this price will automatically be purchased by the borrower with the lowest collateral price?

Also, buying assets at over the market rate to pay fees is new to me, in what circumstances would this happen because having to pay a fee to pay the fee doesn't seem very fair to me.

3
Technical Support / Re: What is the 'Fee Rate'?
« on: October 22, 2015, 01:14:28 pm »
Also I'd like to ask another question: will I always be shorting at feed price even if there is a bid to buy the Asset at above the feed price?

4
Technical Support / What is the 'Fee Rate'?
« on: October 22, 2015, 01:03:50 pm »
I'm trying to figure out the new trading interface. I think the 'settlement price' is the same as the 'feed price', which is confusing as the same terminology should be used throughout if referring to the same thing, but I can't work out what the 'fee rate' is.

Also I'm thinking the 'margin call price' is the amount you would pay with a fee added if you got margin called at the current price - is that correct? And the maintenance call price is the price at which this would be triggered - but with or without this fee?

I really think these things need little info icons you can hover over to get an explanation because I don't see very many people making the effort to understand how this all works with it like it is.

5
General Discussion / Re: Migration Guide for 1.0 to 2.0
« on: October 10, 2015, 02:18:53 pm »
you need to   use
Code: [Select]
wallet_export_keys c:\bts\bts.json  contain  path

That works, thanks.

6
General Discussion / Re: Migration Guide for 1.0 to 2.0
« on: October 10, 2015, 12:13:23 pm »
I don't think it was created, windows search brought up a GUI backup I did a couple of days ago but no new file.

7
General Discussion / Re: Migration Guide for 1.0 to 2.0
« on: October 10, 2015, 11:33:55 am »
On Windows 8.1, v0.9.3c

I just tried to export keys from the console. Its says "ok" in the console but there is no sign of the keys.json file in the appdata/roaming/bitshares folder.

8
General Discussion / Re: Please stop changing the rules of the game
« on: August 21, 2015, 08:12:16 pm »
We take this very seriously.  We learn, adapt, improve, ... compete. 
Have you read the reasoning behind the decision?  It was not made on a whim.

I am quite sure that you didn't do it on a whim. I'm not saying that. But the changes - in terms of the value a person gains from various actions (buying  pts, ags, or bts promoting Bitshares, or trying to build an allied business), as well as the core way that Bitshares is structured and its features have been subject to near constant changes from the start. My point is that when making such changes so often, regardless of how positive and well thought out those changes are, you make it very difficult for newcomers to get to grips with how to get involved, and potentially burn people who are already involved and trying to do something.

What's more this brownie point thing in particular is just another way of drawing value from the decentralized Bitshares to Cryptonomex. It feels like yet another example of what seems to be a general disregard for people who have actually bought into this thing in some way - either financially or with time and effort.

9
General Discussion / Re: Please stop changing the rules of the game
« on: August 21, 2015, 07:56:01 pm »
everyone is free to issue an asset and to sharedrop on whatever they like.

Just because you can do something, doesn't mean you should.

10
General Discussion / Re: Please stop changing the rules of the game
« on: August 21, 2015, 07:49:22 pm »
I just noticed that Brownie points are now a sharedrop target and might be given other benefits. This is not really a big deal on its own, but it points to something which I think is very important. Every other week the rules of the game change around here, or perhaps to put it more accurately the nature of the value proposition changes. It has been happening constantly, and it is very annoying and off-putting.

You can't build a castle on shifting sands.

If Bitshares wants to draw people in and get people involved and encourage people to build on it, then the one single most important thing those people need is to have some confidence that they won't have the rug pulled out from under their feet by the powers that be.

Personally I would have no confidence in building anything to do with Bitshares, because by the time it was completed things would have changed so much it would probably be unprofitable or impossible.

Please try to make just one damn thing work (commercially speaking) before screwing it off to go and make something else.

Yep.  Every single day we get up and think, "How can we add to the ecosystem value proposition?"

I hate it when that happens!

:)


Obviously you don't take this seriously. But let me give you another example from my personal; experience.

I liked the idea of earning interest on BitAssets and thought much more could be done to market this. I started writing articles, published a couple, and was preparing a marketing site focussed especially on BitGold. Before I could actually do anything the rules of the game changed and interest was removed.

Wasting my time may not be a big deal, but it is indicative and I'm sure I'm not alone in this kind of experience.

You can't have a decentralized business if you keep changing fundamentals. Yes, you may be able to keep coming up with changes that will somehow improve things, but if you do then you will always be still at ground zero with a new product, nothing built around it, and few users / supporters / workers do anything useful.

11
General Discussion / Please stop changing the rules of the game
« on: August 21, 2015, 07:39:22 pm »
I just noticed that Brownie points are now a sharedrop target and might be given other benefits. This is not really a big deal on its own, but it points to something which I think is very important. Every other week the rules of the game change around here, or perhaps to put it more accurately the nature of the value proposition changes. It has been happening constantly, and it is very annoying and off-putting.

You can't build a castle on shifting sands.

If Bitshares wants to draw people in and get people involved and encourage people to build on it, then the one single most important thing those people need is to have some confidence that they won't have the rug pulled out from under their feet by the powers that be.

Personally I would have no confidence in building anything to do with Bitshares, because by the time it was completed things would have changed so much it would probably be unprofitable or impossible.

Please try to make just one damn thing work (commercially speaking) before screwing it off to go and make something else.


12
General Discussion / Re: Bitshares investment theory - a Hard Problem
« on: August 21, 2015, 07:27:57 pm »
Brownie points are given out at the whim of a small core team. So if you want to make them one of the major representations of value around here then I'm afraid you are going from decentralization straight through regular capitalism to crony capitalism. No thanks.

13
Meta / Finding it hard to access the forum recently
« on: August 20, 2015, 11:09:25 am »
I've been finding it very hard to access the forum recently.

In chrome I just get SSL errors on almost every page load.

In Firefox I was logged out, couldn't log in with what I thought was my password, and the password reset doesn't work (times out even if you submit within a few seconds).

In TOR I could at least read the forum for a while, but then I just started getting Cloudflare's infuriating impossible to solve captchas (and I mean literally impossible - sometimes it is clear what it says but then it claims you got it wrong even when you are certain you got it right).

For days I've been trying, every now and the,n to use the forum, and it was only just now when I remembered that internet explorer still exists for now that I've actually been able to access the forum and log in.

14
Awesome.

Good move to focus on being a currency to compete with Bitcoin rather than the exchange aspect. Ripple has got to be the main competitor for bank-friendly crypto, and they really play down their coin to push settlement of other currencies / commodities, so this way you're not competing head on with them.

15
General Discussion / Re: Maker sharedrop on the BitShares community
« on: August 12, 2015, 10:16:18 am »
I would say the proportional discount sale option would work best for you.

Choosing core members will exclude people who may be interested, and who may be more likely to be involved in multiple projects rather than being core members of any in particular one.

Straight sharedrop will most likely bring you what you want, but risks having a high cost per active / involved user you gain. Would probably get you the highest number of people though, so if you just want numbers and are willing to pay then maybe this option.

Discount investment will bring you some money and should buy you some time from those most open to getting involved.

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