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Messages - Mysto

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General Discussion / Re: article on What is a Bitasset
« on: February 26, 2015, 06:56:05 pm »
"Adoption of these platforms for payments is also basically zero right now."
Our biggest problem, but once we over come it there's no stopping us!

General Discussion / Re: The BitShares Online Web Wallet is ready...
« on: February 26, 2015, 06:04:14 pm »
This is huge  +5%!

General Discussion / Re: Cannot recover wallet backup
« on: February 25, 2015, 08:28:41 pm »
Anyone with this problem--what operating system are you using?
Windows......10 lol
But I reverted to v0.5.3 and it works fine.

General Discussion / Re: Why this rally will last
« on: February 24, 2015, 05:43:53 am »

General Discussion / Re: Cannot recover wallet backup
« on: February 24, 2015, 05:39:38 am »
I'm having the same exact problem on v0.6.1!

So you shouldve been like us who bought plenty at much higher prices and have BTS trapped in bter?  No, I think I would much prefer to be anyone who hadnt bought any BTS yet. 

You could go deposit money at btc38, buy BTS at prices even significantly higher than the current one, and be in much better shape than those of us who have suffered for months.

Also, .057 CNY is not, in any universe, 'rocketing up'.  Its less than one cent.  Weeks/months ago we were all agonizing about how it was down to 2 cents, and how horrible that was, and its not even half that now.

Get some perspecive and go buy as much BTS as you can now at whatever the hell prices you have to pay.
Next month:  bter users finally get their BTS back, dump it all, price goes down to .030 CNY. 

It then goes up to .035 CNY and the OP declares the price to be "skyrocketing" again.

I'm glad to see BTS in just a few months has turned you from an optimist to a pessimist lol.

General Discussion / Re: Now we can finally see BitAsset yield!
« on: January 10, 2015, 06:27:34 pm »
 +5% svk

General Discussion / Re: Basic, clear Bitshares and related coin info
« on: January 07, 2015, 10:11:00 pm »
If you wanted to set up a "documentation delegate" I would put up the delegate registration funds on the condition that you repaid me weekly over the first two months after being elected. That way you would not have to invest your time performing the work unless/until elected, and you lose nothing if not elected.

Do you have the skills to be a "documentation delegate"?

onceuponatime putting money where his mouth is. Clap Clap Bravo  +5%!

Edit: You would have my vote!

General Discussion / Re: Max Keiser about BitShares
« on: January 07, 2015, 09:54:57 pm »
Toby says:
November 11, 2014 at 1:00 pm
“BitShares X does something bitcoin currently does not – implements a business model similar to existing banks or brokerages. BitSharesX creates BitUSD by lending it into existence backed by collateral, similar to modern banking.”

Then what’s the point?

Someone should reply to Toby. He has clearly misunderstood that. I can't seem to figure out how to leave a comment on that site. Maybe you need to be registered?

General Discussion / Re: BITUSD P2P Lending
« on: January 01, 2015, 02:55:55 am »
Would their be a way to add the variable interest yield of BITUSD into the repayment of the loan?

Actor A lends BITUSD to Actor B. B turn BITUSD into USD. Could those same BITUSD be holded somewhere (multisig?) And then be added to the total ROI?
I have thought about this as well and it doesn't seem possible. The reason is who ever owns the bitUSD is the one who gets the yield. In this case Actor A owns the debt. Actor B owns nothing. Actor C (who ever Actor B gives the money to) is the one who owns the bitUSD which means they are the ones who get the yield.

General Discussion / Re: BITUSD P2P Lending
« on: December 30, 2014, 11:00:47 pm »
I don't think a p2p lending will work.
the most important thing for lending is credit. But you can not know what kind of person behind the network, especially on a anonymous network like bitcoin or bts network.
but a P2P lending company which accept BitUSD maybe will work.  How you value the customer will rely on traditional way. But you may attract international investors if your P2P lending platform can earn more than those in their own country.
Borrowers can't remain fully anonymous. They have to verify their identity and reveal quite a bit about themselves if they want to take out a loan. Investors on the other hand can remain as anonymous as they want.

General Discussion / Re: BITUSD P2P Lending
« on: December 29, 2014, 10:10:41 am »
I get it Mysto. Now since I am no dev and would like to promote bitusd, do you think they could take BITUSD off the shelf right now and start using it on their website without a new bitshare blockchain?

Yes but not in the way I talked about. What I mean is they could use bitUSD for its stability but as far as I know they can't use the bitshares blockchain as a ledger for who owns what loan. They could definitely use bitUSD right now if they wanted without a problem.

Since you are more on the marketing side you should consider registering at It's the "super secret" bitshares marketing forum which I think would suit you.

General Discussion / Re: BITUSD P2P Lending
« on: December 27, 2014, 11:19:09 am »
To me, btcjam and the like are probably hurting from bitcoin price volatility. BITUSD could solve their problem and benefit BitShares by growing the market cap.

Since I am a marketer(and not a dev), it would be my first instinct. Now I don't know if BITUSD can support it.

Are you interested personally in starting something like a BitsharesLend Mysto or are you  more interested in growing the market cap?

Yes bitUSD could easily handle that. I think you are misunderstanding me.

Allow me to quote a section of the Bitshares Music Paper to help clarify.
2.2.0 PeerTracks
The first front end to use the BitShares Music technology will be the PeerTracks website. Allowing for a user friendly way for artists to harness the true power of their fans through incentivized, peer 2 peer, talent discovery. Hence, BitShares Music and PeerTracks are two separate, independent entities. PeerTracks uses the BitShares Music blockchain and adds value to the network just as Bitpay uses the Bitcoin blockchain and adds value to that. One does not own the other. If PeerTracks were to disappear, or get shut down, this would not affect the BitShares Music blockchain anymore than Bitcoin would be affected if Bitpay was shut down. It would go on as long as transactions are processed. Other front ends could pop up, whether it be websites, apps, desktop clients, etc. PeerTracks does not have a monopoly on who gets to be the front end for the blockchain. There could be dozens or hundreds of websites all bringing in value and volume to BitShares Music.

So you see it's not Bitshares Lend or btcjam or bitlendingclub, it's Bitshares Lend and btcjam and bitlendingclub.
Bitshares Lending is the blockchain (the public ledger of who owns what).
Btcjam and bitlendingclub are the "storefronts" that rely on the blockchain.
Bitshares Lending makes money when a transaction takes place (for example someone trading a loan)
Btcjam and bitlendingclub make money by issuing the loans.

This is all of course assuming we could convince btcjam and bitlendingclub to use Bitshares Lend.
Also remember that as I said before we don't need to create a new blockchain (Bitshares Lend) we could just use the Bitshares blockchain but that is up to the devs and the community.

Hope this clarifies. Here is a link to the paper if you still don't understand...

Technical Support / Re: NullStreet
« on: December 27, 2014, 02:00:21 am »
I couldn't agree with you more. I have nothing but good intentions here.

I am not really that technical, but i can do some graphic work perhaps and help to get the word out. I stumbled on BitShares recently and just read the ebook that was released on amazon. This is a great product and idea.

Ah 1 or 2 weeks of hardcore posting on here and you'll be well known enough to be accepted, I'm sure.

I think another reason that invite only is a good idea is so by the time you get invited in you got all of the newbie questions out of the way (on this forum). By that time you will understand bitshares well enough to know how to help market it. At least that is my opinion.

General Discussion / Re: aboutBTS -- updates about BitShares
« on: December 27, 2014, 01:41:42 am »

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