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General Discussion / Re: Bitshares 2.0 - 100,000 TPS - Please scream this from the rooftops!
« on: June 08, 2015, 06:56:02 pm »I just read the whole website, my mind is blown.
The devs have absolutely crushed every other crypto out there.
BTS 2.0 literally makes a global decentralized financial platform viable.
Please add scalable to 6,000,000 TPS to the viral push - apparently the platform can scale insanely well.
Careful! While LMAX has scaled to 6M they have less work to do for each operation than a blockchain has. While I have no doubt we can get to 1M with proper optimizations, there are still many unknowns that may bring things back down. Lets stay conservative and not "overhype" things. We benchmark at 180,000 TPS but are only publish 100,000 TPS because that is more conservative. We have a lot to learn and need some head room.
Alright, so let's throw a 1,000,000 TPS future possible into the mix. Just in case someone says BTC can get to a 100k too...
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General Discussion / Re: Bitshares 2.0 - 100,000 TPS - Please scream this from the rooftops!
« on: June 08, 2015, 06:47:04 pm »
I just read the whole website, my mind is blown.
The devs have absolutely crushed every other crypto out there.
BTS 2.0 literally makes a global decentralized financial platform viable.
Please add scalable to 6,000,000 TPS to the viral push - apparently the platform can scale insanely well.
The devs have absolutely crushed every other crypto out there.
BTS 2.0 literally makes a global decentralized financial platform viable.
Please add scalable to 6,000,000 TPS to the viral push - apparently the platform can scale insanely well.
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General Discussion / Bitshares 2.0 - 100,000 TPS - Please scream this from the rooftops!
« on: June 08, 2015, 06:33:29 pm »
First off, huge congratulations to the devs and all who contributed to this milestone!
Second, can we please organize a social media campaign to get the 100,000 TPS on the headlines?
I, being old and stodgy, don't do FB, twitter, reddit etc. but to anyone that owns BTS and has accounts with these services please start throwing this number around.
The timing could not be more opportune with BTC's current flap over block size and scalability.
BTS will instantly grab headlines as "BTC can't get consensus to scale to a few thousand TPS; BTS has 100,000 baked in and does everything BTC does, better."
Go forth!
Second, can we please organize a social media campaign to get the 100,000 TPS on the headlines?
I, being old and stodgy, don't do FB, twitter, reddit etc. but to anyone that owns BTS and has accounts with these services please start throwing this number around.
The timing could not be more opportune with BTC's current flap over block size and scalability.
BTS will instantly grab headlines as "BTC can't get consensus to scale to a few thousand TPS; BTS has 100,000 baked in and does everything BTC does, better."
Go forth!
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General Discussion / Re: USD, EUR, and CNY Gateway Agreement Reached
« on: May 29, 2015, 03:40:11 am »
Dollar cost averaging keeps the fomo at bay.
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General Discussion / Re: Share price, market cap, "media" exposure and realistic expectations
« on: May 20, 2015, 03:10:27 pm »
I've been following the market cap leader board closely over the last two years.
In the last eight months there has been a noticeable consolidation in price direction among the top 10 or 15 cryptos - it seems like someone has put an algo or three to work and are swinging the crypto market en masse.
They are also keeping a lid on breakouts and putting a floor on dumps, particularly with BTC, to maintain a range. I can't imagine the profit they are making bouncing the market up and down at will.
The 'free' crypto market seems to act very similar to the equity and forex markets.
This is why Bitshares is so critical.
With regard to the other points, right now the answer to every question is Bitcoin.
In the last eight months there has been a noticeable consolidation in price direction among the top 10 or 15 cryptos - it seems like someone has put an algo or three to work and are swinging the crypto market en masse.
They are also keeping a lid on breakouts and putting a floor on dumps, particularly with BTC, to maintain a range. I can't imagine the profit they are making bouncing the market up and down at will.
The 'free' crypto market seems to act very similar to the equity and forex markets.
This is why Bitshares is so critical.
With regard to the other points, right now the answer to every question is Bitcoin.
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General Discussion / Re: Getting a SWIFT code for BitShares - Should I do this?
« on: May 19, 2015, 08:42:53 pm »
Connecting to SWIFT is a great strategy - if vetted through legal counsel prior. Tail risks etc.
Ken sees what BitShares can be and has the passion to execute.
The community should support his efforts, and I have voted with my stake.
I will say that technical folk and business folk occupy different realities and there is a bit of an art to bridging them.
BitShares is being built by extremely intellegent, extremely talented technical folk.
Soon, very soon, BitShares is going to need some very hard hitting suits to push out into the corporate world.
Ken is jumping the gun a bit, but he and his ilk are the next evolution.
I would say six months before the tech is ready for the first wave - just enough time for Ken and Co. to saddle up.
Ken sees what BitShares can be and has the passion to execute.
The community should support his efforts, and I have voted with my stake.
I will say that technical folk and business folk occupy different realities and there is a bit of an art to bridging them.
BitShares is being built by extremely intellegent, extremely talented technical folk.
Soon, very soon, BitShares is going to need some very hard hitting suits to push out into the corporate world.
Ken is jumping the gun a bit, but he and his ilk are the next evolution.
I would say six months before the tech is ready for the first wave - just enough time for Ken and Co. to saddle up.
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General Discussion / Re: BitShares needs a professional SEO/SEP Delegate... oh, and WHALES.
« on: May 13, 2015, 02:59:21 am »
SEO delegate is a great idea and anyone knowledgeable should be voted in.
There have been many posts asking for a paid delegate to take on tracking delegates - who they are and what they are doing with delegate funds.
Which leads to a the need for a recruiter delegate whose sole job is to find people to be delegates.
No this isn't a joke, but rather shows the power of the Bitshares platform.
HR? We have a delegate for that (soonish).
There have been many posts asking for a paid delegate to take on tracking delegates - who they are and what they are doing with delegate funds.
Which leads to a the need for a recruiter delegate whose sole job is to find people to be delegates.
No this isn't a joke, but rather shows the power of the Bitshares platform.
HR? We have a delegate for that (soonish).
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Stakeholder Proposals / Re: Paid Workers Proposal for Review
« on: May 04, 2015, 02:18:51 pm »
I like the idea; Cube brings up some valid concerns. But overall, 
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General Discussion / Re: The War on Cash - Transparently Totalitarian
« on: April 29, 2015, 06:52:40 pm »
It's like watching the frog boil in a pot of water, folks just don't understand what is happening.
The USA is falling and things are going to get ugly as they try to hold on by whatever means necessary.
Military exercises on US soil... for crowd control.
GDP heading for negative.
New orders hitting new lows.
Home ownership at historic lows.
Wealth disparity on a scale not seen since the dark ages.
Increasing police brutality.
Increasing surveillance.
Reduced economic freedom.
All underpinned by a bond and derivative bubble unlike anything world has ever witnessed.
Bitshares is like a small raft standing in front of a monstrous tsunami.
Hope a few folks are smart enough to buy a ticket.
The USA is falling and things are going to get ugly as they try to hold on by whatever means necessary.
Military exercises on US soil... for crowd control.
GDP heading for negative.
New orders hitting new lows.
Home ownership at historic lows.
Wealth disparity on a scale not seen since the dark ages.
Increasing police brutality.
Increasing surveillance.
Reduced economic freedom.
All underpinned by a bond and derivative bubble unlike anything world has ever witnessed.
Bitshares is like a small raft standing in front of a monstrous tsunami.
Hope a few folks are smart enough to buy a ticket.
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Technical Support / Re: Auto-invest Yield into BTS or a specific bitAsset
« on: April 28, 2015, 02:33:32 am »Is it possible to auto-invest earned Yield into BTS or a specific bitAsset yet?
Or even do it manually?
I'm running 0.9.0
Thanx guys
-ken
If this functionality doesn't exist in the DEX or wallet it should.
Lots of folks who've been around the block a time or three would make heavy use of a DRIP feature... for all assets from any yield.
Another way Bitshares can absolutely dominate the retail investment scene.
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General Discussion / Re: ALL TIME LOW .
« on: April 28, 2015, 02:31:52 am »
Wisdom of the ages, just keep DCAing away.
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General Discussion / Re: Any bank pay you interest for the money in your pocket?
« on: April 24, 2015, 03:56:29 am »I wonder if folks have any idea what the implications of something like bitBonds are? Here it is. Global access to decentralized credit markets.
Yes, this was inevitable just like Dan's new proposed "leveraged BitAsset plays get called to arbitration before well collateralized BitAsset players do" rules would take effect after our trading engine survived its first bear market without black swan arrival.
The fact that we can allow increased leverage, and reduce minimum collateral requirements, while improving liquidity (at the expense of yield) is genius (then reintroduces yield with BitBonds so that no benefits are lost). That is the training wheel removal process.
Dan's recent mumble session description of his evolved trading engine will allow for less colateral and hopefully leveraged purchases (and shorting) of BitAssets. He is continuing down the right track (I am an economist*).
We need BitShares to be able to allow all the trading options (from leveraged buys to collateralized lending) that today's modern/advanced centralized markets do, and now with forced arbitration for leveraged or less collaretalized plays coupled with BitBond lending for those who want to take the position of the house, I would say we have the majority of modern financial options covered.
*Yes, I am an economist, however, I dropped out of college after my professors started preaching, sorry, I mean "teaching" the Keynesian Theory
The only reason I even hang around here is because I just happen to comprehend everything that BM says.
In other words, it's purely coincidental.
The first 6 months of BitShares BitAsset trading was to see how the training wheels held up, and figure out the best way to remove them. I think that this "it is your responsibility to avoid arbitration (and conversely your own fault if the arbitrator needs your collateral next)" free market is simple, elegant, fair, and above all inherently Darwinian.
Not all economists are created equal:
https://www.google.com/search?q=Keynesian+vs+classical+economics&gws_rd=ssl&oq=&gs_l=
Word.
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General Discussion / Re: Any bank pay you interest for the money in your pocket?
« on: April 23, 2015, 04:09:22 am »If I'm bad guy, and I have 1 million USD. I want BTS price keep falling down.
What I need to do is, change all my money to BITUSD, Then wait the monthly expire of short order. I'll hold all my BITUSD until we have no enough shorter, the expired short order have to get the BITUSD to cover. Shorter need to sell BTS to get BITUSD, while all the BITUSD is hold by me.This will keep the price falling.
As a bad guy, I'll lose nothing, while earn some interesting.
I think the rule need be changed. The one hold BITUSD should pay people short for them.
In an bank I borrow money, and I can use the money to do more meaningful things, and I have to pay interesting.
In BTS, I short BTS and create BITUSD, but I can not use the BITUSD, other people get my BITUSD, and use BITUSD, and I have to pay the interesting to him. What a fuck???
BITUSD is for trade, not for people to hold. I'd like suggest people who short, set interesting to 0.
People who hold bitUSD can use the bitUSD to trade, to buy stuff, to hire people to work for them in the Internet, and can invest with bitUSD. bitUSD is like the money in your pocket. Any bank pay u interest while the money is in your pocket?
As a Shorter, yes, we can get more BTS. BUT, the BTS is locked, we can not use the BTS do any thing but hoping the BTS price goes up.
This is not how the world run!!
We need is real economist. Don't tell me BM is a economist..
We have already identified this problem and also the solution:
1) No interest on BitUSD
2) No expiration on Shorts unless USD request force settlement at a discount (profit to the short)
3) Bond market which locks up BitUSD like a CD and pays interest.
Shit's getting real. This will change the world.
I wonder if folks have any idea what the implications of something like bitBonds are?
The currency and bond markets are the largest in the world, literally oceans of wealth ebbing and flowing every day.
I had proposed a bitLending DAC long ago, but quickly realized a credit market would need to be a part of the core Bitshares platform.
Here it is. Global access to decentralized credit markets.
Mind blown. I'm doubling the dollar value of my DCA buys. No joke.
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General Discussion / Re: how about bridging BitUSD and USD.bitstamp?
« on: April 21, 2015, 02:15:34 pm »
Please do this!
