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Messages - mp3michael

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General Discussion / Where people are talking about Bitshares (it's not here)
« on: November 01, 2017, 09:24:07 pm »
To find a steady stream of bitshare talk do the following:

Install Telegram on your phone or PC by going to Telegram.org
Once installed search for "bitshares" and you'll find a couple of groups:
- Bitshares News/Feed
- Bitshares DEX
- Bitshares Traders

Subscribe to any of those groups and you'll be able to interact with the bitshares community.

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General Discussion / Re: DEX comparison: Bitshares.org vs Etherdelta.com
« on: October 24, 2017, 04:25:26 pm »
Ether blockchain was slow and expensive until a week ago. Now Ether fees are about 50% lower than bts.

Example: a transfer in bts is 0.22 bts which if bts is trading for 5 cents is 1.1 cents. A transfer in ether is now .6 cents so almost half price of bts.
See: http://ethgasstation.info/

bts still has a speed advantage but it's dropped dramatically. Ether transfers now average 36 seconds, much slower than bts' 2 seconds but the difference used to be substantial.

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General Discussion / DEX comparison: Bitshares.org vs Etherdelta.com
« on: October 23, 2017, 11:06:22 pm »
If people create an asset or token they will likely want it to be tradeable on an exchange.

bitshares.org is a DEX and Etherdelta.com is it's ether based competitor.

My question is what are the strengths and advantages of each?
Are there fundamental differences between the two or are they similar?
What are the advantages to creating an ether based (ERC20) token?
What are the advantages to creating a bts based asset?

Thanks for the info!

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General Discussion / Re: Bitshares huge advantages over Ether just evaporated
« on: October 23, 2017, 06:38:18 pm »
It's not about FUD, it's about facts.

Ether used to be really slow and expensive (compared to BTS). It is no longer expensive. The average transaction costs appears to be 0.6 cents which is comparable to BTS. See: http://ethgasstation.info/

There used to be 9000 transactions pending on ether blockchain. Now it's about 150. See: https://etherscan.io/txsPending

The bottom line is that the newest code push for Ether dramatically improved the core numbers for Ether making them competitive with bts. I'm a bts fan. I appreciate the smart architecture and design - like readable usernames. However ether has the mindshare so it's important us bts fans know facts that shine on bts.

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General Discussion / Re: Bitshares huge advantages over Ether just evaporated
« on: October 19, 2017, 09:17:56 pm »
Ether claims they can now support enough transactions to compete with Visa. If that claim is correct then the transaction per second advantage that Bitshares had is also gone.

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General Discussion / Bitshares huge advantages over Ether just evaporated
« on: October 19, 2017, 06:46:44 pm »
Bitshares has always been technically superior to Ether. Transactions costs on BTS were under a cent and fast. Over on Ether they were 35 cents or more and at any given time they would be 9000 transactions waiting to be processed.

However Etherium pushed out a fork and transaction fees are now averaging 0.6 cents on the ether network and the average execution time is 1.5 minutes.  See data at: http://ethgasstation.info/

It seems like BTS huge advantage over ether just evaporated. There are other advantages like friendly usernames and a referral program but those seem modest compared to cost and speed. There's so much momentum for ether that I'm concerned that Bitshares will not capture enough user action to stay relevant. This is surely why EOS which was created by BTS founder didn't launch on Bitshares but instead on ether.

What do others think? Am I missing something?

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General Discussion / Crypto world is irrational
« on: October 05, 2017, 07:11:10 pm »
Bitshares is a working system with several positive attributes (fast transactions, low fees, etc) yet it is not in the top 20 of cryptos. (It's now #28.)

The crypto world is a game right now - it's fantasy football for techies. It's driven by enthusiasm, hysteria, rumors and ample dosages of pumping on social platforms. It's not driven by rational analysis. Eventually reason will prevail but it could be an extended time before that happens. Until then resign yourself to fluffy companies with no product but enthusiastic Youtube videos to be overvalued.

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