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Messages - xh3

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1
General Discussion / Re: Bitshares price discussion
« on: April 28, 2016, 12:03:58 am »
which is fine, good conditions for those who wish to accumulate.

2
General Discussion / Re: Bitshares price discussion
« on: April 28, 2016, 12:00:21 am »
BM for some reason has an interest in keeping the share price low.

3
General Discussion / Re: Bitshares price discussion
« on: April 25, 2016, 04:44:04 pm »
The project has some long term merits imo.  As far as getting rich by just holding Bitcoin circa 2014 style... maybe not going to work.
The recent developments are...strange, but then again the whole ride has been strange.  Bytemaster stepping off is having a complex effect, that is imo, not entirely negative.  His leadership tended to be indecisive, confusing, and his word is not entirely solid, and he has an interest in declining the price to prove his point about dilution (sorry BM!). This is not entirely his fault, as he is just reacting to new information as it arrives. Which is what is interesting and unique about the platform, it relies on member politics as much as if not more than preordained algorithms.  In this next phase, I think we'll see some new and improved leadership as the next generation of developers use the platform to build their reputations, we'll see some unified direction as the current feature set is honed into the best possible decentralized marketplace out there, we'll also see some really interesting businesses built on the platform.

All that's needed is:
Rock-solid leadership,
Innovative Development,
Excellent traders,
Talented entrepreneurs building on the Platform

in order to achieve that:
a well documented and intuitive api (so that less technical people can use the advanced features of the platform)
less drastic changes( let it be what it is so people don't fear to use it because it might become something else)

trading platform integration (Mt4)
Witness secured crypto-deposits and proxy tokens(sidechains)  (make the platform more attractive to traders)




4
I'm not suggesting that this be a bitshares project,  I'm just asking the Devs what they think the technical limitations of computation on a blockchain are.

So with the latency limitations, one could theoretically build clusters of blockchain based VMs inside of a single computer, and have those chains periodically register a block with some master chain.  The master chain could spit out genesis blocks for these fast, small chains when computational services are needed.  Damn I wish I knew how to build this.

5
I think it would be cool to see a project spring up that provides a substantial amount of computation on the blockchain(like a souped-up ethereum).  to my novice computer-science aware mind, it seems like this could be done parallel blockchains that run a VM with perhaps other sidechains that could be spun up like threads, and the whole thing could have a ~1 millisecond block production time.

@abit
@theoreticalbts
@bytemaster

do you think such a project is feasible? would it be useful?
what do you think the limits of computation on the block-chain currently are?

6
It looks like the problem was on microsoft's end.  It spun up just fine this morning.

7
im having trouble spinning one up...
The template deployment 'Microsoft.Template' is not valid according to the validation procedure. The tracking id is '_____________'. See inner errors for details. Please see http://aka.ms/arm-deploy for usage details.

does anyone know what this might mean?

8
General Discussion / Re: Bitshares price discussion
« on: March 18, 2016, 12:24:11 pm »
the investors are waiting for the  .0045 dollar mark.

9
General Discussion / Re: Bitshares price discussion
« on: March 16, 2016, 02:39:51 pm »
When crypto 2.0 projects start delivering actual value, we will start seeing more stable prices.  Nobody in crypto 2 space is really delivering any substantial value as of yet.   Bitcoin has infrastructure, recognition, legal acknowledgement, provides a "fairly stable" store of value, and is the de-facto reserve currency of virtual business.  Hence is has been more stable, because it is providing entities with more reasons to have some lying around than just to speculate with. 
But what can you really do with these 2.0 platforms?  What can one do with some Ether, with a Bit-share, with some Factom?  Most of the stuff you can do, you are relying on Bitcoin denominated services to achieve, hence most of the people involved in the markets for these things are just speculating.  There is little reason to hold these tokens atm, because the services that they proxy are not yet profitable.

BitShares do have its products and no need to rely on "Bitcoin denominated services", however there are too few commercial use cases atm, and right, not yet profitable. But bitcoin is profitable?

Lets just say that Bitcoin is not going broke any time soon.  It certainly seems capable of gracefully absorbing 1.6 million dollars of  daily inflation. 
2.0 projects just need more useful apps, really.  Fighting with bitcoin about who can provide bitcoin's services better has proven to be pretty much fruitless.  The market doesn't care very much.  If you want to move money into crypto from fiat, you use bitcoin;  if you want to speculate on other digital currencies, you trade against Bitcoin;  if you want to transfer large sums of money without going through banks, you do it with bitcoin; if you want to buy stuff online with e-currency, you do it with bitcoin. 
Bitcoin was brilliantly engineered to be successful, and even the things that are questionable about it's implementation, play well with the human psyche and are probably intentional.  eg the ridiculous expenditure on security.. really a way to create grass-roots marketing and encourage participation; the slow confirmation times.... really a way to add weight to the idea that an immutable transaction has occurred; the fact that creator of the protocol has 1.1Million coins that have not been spent... really a way to say I'm in this to win it.

2.0 projects need more infrastructure built on them, they need to provide different value than bitcoin provides.  That value might not be new implementations of bitcoin's services, but the extension of those services.  I think the hang-up has been that everybody is trying to create solutions that are completely decentralized... in the end, it's not possible for every single app to be decentralized.  There will have to be actors and trust and reputation and single points of failure sometimes if there is to be an economy built on 2.0 platforms. That's the key to sustainable market cap, imo, bit Businesses.


10
General Discussion / Re: Bitshares price discussion
« on: March 15, 2016, 07:06:35 pm »
When crypto 2.0 projects start delivering actual value, we will start seeing more stable prices.  Nobody in crypto 2 space is really delivering any substantial value as of yet.   Bitcoin has infrastructure, recognition, legal acknowledgement, provides a "fairly stable" store of value, and is the de-facto reserve currency of virtual business.  Hence is has been more stable, because it is providing entities with more reasons to have some lying around than just to speculate with. 
But what can you really do with these 2.0 platforms?  What can one do with some Ether, with a Bit-share, with some Factom?  Most of the stuff you can do, you are relying on Bitcoin denominated services to achieve, hence most of the people involved in the markets for these things are just speculating.  There is little reason to hold these tokens atm, because the services that they proxy are not yet profitable.

11
General Discussion / Re: Bitshares price discussion
« on: March 15, 2016, 04:24:53 pm »
All these major price jumps are synthetic, nobody has delivered a finished product yet...  I think sometimes people forget how markets work.

12
General Discussion / Re: Bitshares price discussion
« on: March 14, 2016, 01:58:28 am »
thin market tactics

13
Locking the whole transaction seems unlikely, so maybe this could be implemented without a guarantee of success with the lack of certainty being the cost of the function.  maybe with estimated probability of success within a certain price range to perform the operation.   such as 90% certainty within 1.5% of target price... computed based on amount of steps and adjacent orders on the books.

14
General Discussion / Re: Mt Gox > Cryptsy - Time for BTS?
« on: March 13, 2016, 04:15:11 pm »
what if Polo had an api call :  Convert all funds to BTS and withdraw post-haste. lol

some features of the BTS network are marketable to traders.  The speed of the transfers is one thing, you can move in or out of an exchange in usually less than 10minutes.  You have some ability (albeit limited) to hedge your positions from your own wallet. Plus the fact that it uses a different api, it has different attack vectors which make it more likely to survive an exchange hack.

15
General Discussion / Re: Bitshares price discussion
« on: March 13, 2016, 12:18:26 am »
Manipulate, influence,cast fate upon.  sorry, obscure word :-)

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