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Messages - oldmine

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Yes, Stan has predicted this.

So, limited supply of crypto money is getting compensated by unlimited amount of crap coins. Nice.

Yeah Im having a hard time keeping track of the plethora of fundraising tokens around here.

BTSR/OBITS/ICO/WTF the overall product gets more and more confusing.

How about integrating it with the Trollbox on openledger?

General Discussion / Re: Supply
« on: May 13, 2016, 04:26:13 pm »
Always available -- until it is spent! Then I bet it will be like the USA debt limit: we must raise the spending limit! :P

If we actually have to spend 1 billion more BTS on workers it will be because this project just fails to grow a userbase. At that point there wont be any active voters left anyway.

General Discussion / Re: Supply
« on: May 13, 2016, 02:27:05 pm »
Unrelated. The vesting balances are from the merger that took total supply from ~2 billion to ~2.5 billion. The reserve fund is equivalent to what would have been the max supply of Bitshares 1.0 throughout it's lifetime at maximum dilution minus the ~2.5 billion supply at the launch of 2.0, which comes out to ~1 billion BTS.

I realize that explanation is a bit convoluted.  The Bitcoin equivalent would be that the remaining ~5.5 million BTC were issued right now, but were locked in a "reserve fund" that could be distributed (or not) through some kind of voting at a capped rate. Transaction fees would also replenish the reserve fund.

:-\ Thanks, but will the 1 billion reserve fund always be available for spending, or does it have a "halving" date?

General Discussion / Re: Supply
« on: May 13, 2016, 10:55:39 am »
BitShares has a FIXED supply. There is no dilution ..
1B BTS, however, are in the reserve pool of BitShares that can be used to fund things AFTER shareholder approval via on-chain voting.
block producers are paid from the reserve as well

Take a look at:

Whether its "in reserve" or "dilution" is just word games/semantics. The effect is the same.

Is that 1Billion BTS still available after November? I know the vesting ends at that point but does the rate of dilution that can be voted for go down as well?

Yes taxes are theft, but a tax on fuel to pay for roads is acceptable. A fuel tax is only paid by the users of roads, as opposed to an income tax which is used to fund welfare etc.

OpenLedger / Re: Thank you Ronny
« on: May 03, 2016, 03:32:57 pm »
Suggestion for Ronny: Why is Steem linking to Bittrex instead of Openledger for purchasing Steem?

Random Discussion / Re: Why are you still here???
« on: May 03, 2016, 03:23:23 pm »
I just clicked on the "Buy Steem" link on Steem and it takes me to Bittrex instead of Openledger. WTF?

Technical Support / Re: Depoposit and withdraw BTS from Bitshares 2.0?
« on: April 26, 2016, 12:22:20 pm »
Openledger is a webwallet, so it stores the private keys of your account. If you want to send your BTS to another account, then you can use the Transfer tab to send your BTS to another account.

General Discussion / Re: BM有罪 BM guilty
« on: April 26, 2016, 12:11:14 pm »
Firstly, Ethereum is a bubble that is popping fast.
Has BM actually stopped developing? He recently did Stealth and now hes on Steem.

General Discussion / Re: Bitshares price discussion
« on: April 25, 2016, 01:55:07 pm »
Everyone here is just fuding to get cheap shares.

General Discussion / Re: Bitshares price discussion
« on: April 25, 2016, 12:30:52 pm »
Unfortunately. After two years of believing in BTS. I am now struggling to justify why i should keep my holdings. Im worried this aint nowhere near the bottom. Is there any further development or is STEEM the new kid in town?

Sent from my iPhone using Tapatalk

Here are some reasons: in November vesting is over which will radically reduce BTS inflation. Also if you look at Cryptofresh daily transactions is going up, which BTS is actually being used as a real exchange. And yes we are near the bottom: 0.003 cents/share.

General Discussion / Re: STEEM price discussion
« on: April 21, 2016, 11:10:37 am »
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

General Discussion / Re: dilution for BTS and funding for development
« on: April 19, 2016, 06:00:29 pm »
In the other thread Stan seems to have relegated the bond market to an optional feature that is "still possible", whereas in reality it is essential if BTS is going to be seen as a real competitor to Polo. People want to short everything, not just BitAssets.

Stan doesn't get to relegate anything to anywhere.

The voters are 100% in control of what gets funded and hence, what gets built.

So when is the bond market proposal available for voting?

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