Rather than being defensive and assuming the government will go after delegates, I think a better solution would be for delegates to be proactive and participate in discussions with regulators. My strategy is to be 100% legit all the time, I'm not going to hide and hope my anonymity can protect me (it can't). At the same time, I don't see any clear regulatory problems at the moment, but I plan on participating in discussions with regulators and complying with whatever comes up as the proper way to legitimize/protect consumers/follow the law (whatever someone wants to call it). As of now, BTSX and BitUSD are just crypto currencires and as such I'm following the proper tax laws and FINCEN guidance as any miner of cryptocurrencies should.

If bitsharesx really takes off, delegates (and users) may want to get together and figure out a centralized approach to handling regulation - sort of like the bitcoin foundation does for bitcoin.

well said 

funds could be pooled to create a lobby group to proactively work with regulators

great write up!  I am not from Europe, but I am sure it will be handy for investors in BTSX that are.

Not sure who is maintaining the wiki? but I am sure they would not mind you helping

0.4.9 is not connected

have been upgrading the wallet since 0.2.1 and had no issues whatsoever till .4.9

Quote from: yellowecho on August 27, 2014, 02:44:07 pm

I have a little programming experience but don't feel comfortable enough to execute the code (and risk placing incorrect orders stuck in a while loop).  Could someone comment each line of code and further explain the details?  For instance, what does the function 'get_true_price()' actually do?  Where does it get that price and what does the function do?  Does it pull from an internal price feed?  And from the looks of it SYMBOL and SPREAD are the only variables that need to be modified to 'fill in the gaps'.. am I reading that correctly?  Gah, I'm such a n00b 

I'm in the same boat. It's killing me to have my BTSX stake just sitting around when arbitrage opportunities are growing on trees. I'd tip heavily to get my hands on a nice modular arbitrage tool.

Sent from my SCH-S720C using Tapatalk 2

I second that

Quote from: ripplexiaoshan on August 27, 2014, 03:06:55 am

I am wondering how to check the market volume of BTSX/bitUSD each day. It seems that most of the BTSX trade are still happening on exchanges, not in our internal market. This is not a good signal.

It means the user interface needs massive improvements, it means Bitshares X has to be a competitive exchange experience, it means people need to be shown how to use it.

I tried to warn about this. No one was taught how to short BitUSD or when to dump into it. The interface should tell us this stuff. Also the centralized exchanges need to be better too and can offer features such as their own mobile apps that signal to the user when its time to short or dump. Ultimately we'll have to start relying on bots and when those bots start making people like us plenty of money that is when people will want to change their minds.

So we have a bit of work to do. If a video can explain how I can go about interacting with the Bitshares API I'll write a bot myself. I would need to know the market mechanics though and that is a mystery to me somewhat as much as everyone else even though I make money from it.

So here are my suggested improvements:

1) Better usability/user interface signalling.
2) Automated trading via a scripting mechanism that anyone can write for within the client itself.  Maybe even let us input scripting from a console area and then let that run while we sleep. I would tell my script to buy BitUSD the moment the price drops in a way which signals some dumping is starting to occur and then sell the BitUSD back once the price is rising.

Agreed, I would love nothing better than to speculate on BTSX and its varying assets, but  do not want to risk losing money on making simple mistakes

@ what price?

use your registered BTSX name to withdraw, not your BTSX address