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Topics - tonyk

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61
General Discussion / Speculation!
« on: August 27, 2014, 05:43:10 am »
Speculations seem to be one of the main entertainments on this forum in last week or so.
So here is another one. What is the man, I work on cloning i.e. BM, doing in the last 6 hours?
Here are my guesses in no particular order:
1. Writing a trading bot.
2. Fixing bugs/improving the existing product (by mainly coding).
3. Taking a break/down with a flu.
4.Talking to Ripple/Stellar.
5.Talking to Overstock.
6. None of the above but…

Here is what I gonna do, if successful with the cloning gig:
Send 1/3 of them to 3. (i.e. take a break/sleep/relax).
Spread the rest 2/3 of them to any of the remaining 5 tasks
....

PS
Additionally I would like to speculate that, it would be better for toast if he switches from supreme (too much vegetables) to some kind of ‘meat lover’s’ pizza. [a good dose of 3. would not be bad for him, neither]

62
General Discussion / The first ever bitUSD
« on: August 25, 2014, 05:33:03 pm »
OK we know that bitUSD are in circulation now!!!

I am trying to figure out which is the first one ever! But I am badly lacking the tools to do so. Can somebody help, 1. in which block this happened; 2.by which delegate 3.What was the transaction id?


I believe the first block in which bitUSD started its life is this one:

---------------------------------------------
Block # 314431
Previous block Next block
Block details
Timestamp:   Aug 25, 2014 4:46:30 PM
Delegate signee:   coolspeed

# of transactions   1
Total transaction value:   25.000 BTSX
Fees:   0.500 BTSX
Block size:   382 bytes
Latency:   0
Processing Time:   0.010271
Hashes
Previous:   d004c908556272d01758426c32797244b717aa7d
Transaction digest:   c8cf12fe3180ed901a58a0697a522f1217de72d04529bd255627a4ad6164f0f0
Next secret hash:   8ed8140a34347be0ac36b64d9e796cc8f849b530
Previous secret:   d12b6155b529d33311f049dad522b6cc8cd264cf
Transaction 314431.1
Transaction value:   25.500 BTSX
Type:   Register account
Votes in transaction:   For delegate:

--------------------

So my answerers to q 1 and 2 are

1.Block # 314431
2. Delegate :   coolspeed

But I am far from certain in this.



63
General Discussion / Women in crypto (I think BTSX will change this too)
« on: August 25, 2014, 02:30:21 pm »

My wife has always has this attitude towards my crypto interests – "Oh you mean  your toys/play money/hobbies/”. That being said I managed on 2 occasions this year to give her a pretty long lessons on BTC, followed by such explanations about Bitshares. I finished those with my opinion that Bitshares X has a good chance to change the world. ..The first clue as what is to come should have been when BTSX finally launched. I told her about it, and reiterated my great expectations. She then ask – “Why don’t you put more money in?”. Well I did short of that suggestion, I just liquidated all other hedges, diversifications in other crypto and bought more BTSX .When my newly acquired BTSX (those that I bought after launching the chain) doubled in price last week, I let her know; as well as how many more times this doubling has to happen before we become millionaires….(I realize the potentially misleading way to put the info like that).

This leads us up to yesterday, when my wife drove me in a total state of surprise.  First during the day after exchanging 2-3 sentences about BTSX , she surprised me by saying – “I want my own money in this thing.” As surprised as I was to hear that, I selfishly though – “Well maybe I was way too convincing. I should dial it down…maybe”. We came back home, I checked the prices… up 55%... I went back and said “Honey, about those $2000 bucks… are you sure the price is up 60% again” hoping that this will make her think twice…but the next sentence put me in total shock - she said “I said, I want my money in!”
Now I do believe that the average woman is a better investor than the average man. Additionally my wife has a ‘solid’ financial background. First her graduation paper (it is not the same education system as in US so it is hard to explain what exactly it is, but it is generally a 3-6mo. research project at the end of a Master’s degree, although her degree was not in finance) was in financial derivatives. And since then she has also become a CPA, so definitely not below average financial background, in my book.

This morning, giving it a bit of more thought, while staring at BTSX’ price… Do you realize that among other things, BTSX is also changing the current men to women ratio in crypto. What is it now 9:1… 8:2, I doubt it is any higher than 20% right now. This forum for example says (as much as this statistic can be trusted) 50:1 men/women ratio.

Any thoughts?

64
General Discussion / One for the Ages!
« on: August 24, 2014, 06:19:13 am »
 author=bytemaster link=topic=752258.msg8508399#msg8508399 date=1408859704


The biggest problem here is that Average Joe (regarding financial instruments) does simply not understand what you mean by short, long, margin call, Nash equilibrium, contract of difference, peg, a short covers, settlement premium, etc. etc. and now we got Average Joe relying on somebody who, first, is able to understand all of that, AND second, is even able to change the bitUSD supply.


Those two observations lead to the question what is this bitUSD asset about and where is the difference to the current monetary system we have? Because as it seems (or at least the perception is) that financial investors, speculators and banksters are misusing the current system in order enrich themselves just because they can and understand the system; whereas Average Joe does not.


Am I correct that if bitUSD is really peggable by the USD, it would allow to build an economy around that cryptocurrency much faster than with Bitcoin or Nxt because merchants can be sure to have stable prices?


The average Joe isn't going to be able to understand the system any more than they understand the current banking system or even bitcoin.  At the end of the day most people have to watch it work and then learn to trust it.   While there is some value in trying to explain it to the average Joe in simple terms, much is lost in translation and that is really beyond the point of this particular thread.

I think that if someone wishes to "attack" the idea BitUSD but lacks the background to know the terms used, then they also lack the standing to publicly criticize and declare a scam, fraud, or broken system.   I do not like to hide behind fancy language and have taken great effort to explain it in simple terms in many places.   Unfortunately the simple explanations are never "complete, accurate, and authoritative".

The primary difference between BitUSD and the FED is that it is market driven and all IOUs are collateralized 200%.   In the case of the Fed they can print up $2 trillion dollars without having any collateral.  BTSX would require collateral worth $4 trillion dollars to exist.   The next difference is transparency.   Another difference is the complete lack of "price fixing".




65
General Discussion / Any help here will be apreciated! (No fighting!)
« on: August 22, 2014, 09:41:23 am »
I need some help with this:

https://nxtforum.org/index.php?topic=4702.0

I am really getting tired, but at the same I see light at the end of the tunnel.(or is it my blurred vision?)

And I do not mean help from the core development team, as they are busy enough as it is!

Thanks.

66
General Discussion / OMG - Ripple can fall down today!
« on: August 21, 2014, 07:08:59 pm »
 :D

67
General Discussion / Blue Screens
« on: August 21, 2014, 03:28:31 am »
Most of you guys are too young to remember what the blue screens were in prior versions of window. ... They were daily occurrence.

Well today I saw 2 of them. And I believe the BTSX client is the reason for them.

Disclosure:

-I ran a 2+ old computer, as I just cannot buy a new one every 3 mo. Yes, I have couple newer ones, but they go to the more important users - wife, kid, other kid etc...

-I have 17 account in my BTSX wallet - Yes 17. And I still have them because: 1.I can not delete any of them 2. I can not export just one of them to a new wallet 3. I cannot run 2 client on the same machine (well technically I can do it, on 2 operating systems).

So, anybody else getting them old blue screens and/or any steps taken so the BTSX client can run on not so top-notch machines?



68
General Discussion / Should we reconsider using the word "Bank"?
« on: August 20, 2014, 06:52:59 am »
After posting 15 extremely optimistic post, my bipolar nature leads me to this:


Should we really call BTSX 'A Bank'? I really do not think it is fair or beneficial.

After all a bank is a lending institution. All this mumbo-jumbo how it lends providing a collateral,.. just like a mortgage, is not really convincing and or cutting it for me. With a mortgage (and with most of the other stuff given as collateral) it is not money you give, it is something of value but usually not too liquid.


Additionally I am happy enough if BTSX is just a 'Beautiful' eXchange.



69
Best ask at 0.0000252 BTC/BTSX on BTC38;
Best ask at 0.00002575 BTC/BTSX on BTER;

 :)

70
The transfer is in my incoming transactions, but is not added to the account balance.

Rescanned like 1000 times.

windows 7; BTSX 0.3.0
[edit] was missing on Linux client also about 45 min after the transaction time.


I thought this was fixed like 3 weeks ago?!

71
Technical Support / 'wallet_asset_create' help
« on: August 15, 2014, 01:25:10 am »
Non tech person here. Tried many variants of the command 'wallet_asset_create' .

wallet_asset_create "ABC","ABCShares",acc1,"Real value!","null",2000000,100000,true;

wallet_asset_create 'ABC','ABCShares',acc1,'Real value!',null,2000000,100000,true

wallet_asset_create 'ABC' 'ABCShares' acc1 'Real value!' null 2000000 100000 true


etc.


None seem to work. All lead to the following error:
Code: [Select]
13 class boost::exception_detail::clone_impl<struct boost::exception_detail::error_info_injector<class boost::bad_lexical_cast> >: bad lexical cast: source type value could not be interpreted as target
bad lexical cast: source type value could not be interpreted as target:  => double
    {"i":"","what":"bad lexical cast: source type value could not be interpreted as target"}
    bitshares  string.cpp:104 fc::to_double

    {"command":"wallet_asset_create"}
    bitshares  cli.cpp:471 bts::cli::detail::cli_impl::execute_command


 Can somebody provide example...formatting mainly.


72
Random Discussion / Scam of the day.
« on: August 13, 2014, 06:50:58 pm »
I was just attacked by this scam, seconds ago:

http://www.forbes.com/sites/halahtouryalai/2014/03/05/how-an-irs-telephone-scam-nearly-duped-me-out-of-5000/

Was not that dramatic as in the story. As I asked them to send it in writing after the first 5- 6 sentence but they did tried it.

So if somebody tries this on you go for the ' This is the first time I hear about this. Send it in writing' ASAP, works like charm...

73
Technical Support / Ubuntu help for Newbie
« on: August 11, 2014, 01:59:32 pm »
After failing to build Dry Run 12 on win 7, I gave Ubuntu a chance. But have not success here either.

So can somebody please post all commands I need to run to accomplish that – I. e. good enough instructions for 3.5 y old, hopefully will do  :)

74
General Discussion / Russia ... BTC... crypto...
« on: August 06, 2014, 05:19:46 am »


http://www.coindesk.com/russian-ministry-finance-drafts-bill-banning-bitcoin/
http://regulation.gov.ru/

Better link to the actual proposal : http://regulation.gov.ru/project/17205.html?point=view_project&stage=1&stage_id=6213

"О Центральном банке Российской Федерации (Банке России)» на выпуск денежных суррогатов, в том числе в электронном виде, а также на уточнение действующей редакции указанной статьи, распространив установленный в ней запрет не только на выпуск денежных суррогатов, но и на осуществление операций с денежными суррогатами, включая их использование в качестве средства платежа, а также в целях обмена на рубли или иностранную валюту; введение административной и (или) уголовной ответственности за выпуск денежных суррогатов и осуществление операций с их использованием; ограничение доступа к информационным ресурсам, обеспечивающим выпуск денежных суррогатов и осуществление операций с их использованием, а также на установление соответствующей административной ответственности"

And hopefully somebody with better Russian will see it as no big deal, but my own translation from Russian is not rosy at all.

75
General Discussion / The need for change
« on: August 02, 2014, 01:37:06 am »


The History of BitShares
Part Three


Bytemaster recognized that Bitcoin could be viewed as an unprofitable company and its coins as stock in that company.  Stock value was generally rising because demand for its services (efficient private money transmission) exceeded supply.   But, meanwhile it was bleeding red ink.  100% of its transaction fees were going to pay its employees (the miners).  But that still wasn’t enough.  It had to print more money (up to 12% annual inflation) also to pay its employees.  So Bitcoin is a company with annual losses near 12%.  (And the employees were only getting to keep a few percent of the money being wasted on them.)

He decided that eliminating those employees was a key objective that would inevitably lead to a whole new generation of profitable crypto-businesses.  Assets based on destructive mining would go the way of the dinosaur, unable to compete with profitable business models of second generation assets that could afford to pay dividends and interest to their holders.  It was just a matter of time.



What is the reason for abandoning this core, imo, idea?




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