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Messages - Frodo

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17
General Discussion / Re: Best Way To Secure Bitshares In 2017?
« on: May 29, 2017, 09:32:10 pm »
I'm no security expert, but from my understanding  I think lack of randomness is your greatest risk in a brain wallet.  You can't use a phrase found in any book, song, movie...or anything that would subject you to a brute force attack.  It would truly have to be random string of words.   (And then forgetting them seems like a significant risk.)

I agree.

Personally I would always want to have (at least one) backup of my brain key. IMO the risk of getting it stolen out of a safe deposit box is way lower than the probability of forgetting something.

18
General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 22, 2017, 04:41:25 pm »
snip

Thanks for the writeup. Just watched the stream and that sums it up pretty well.

19
General Discussion / Re: Bitshares price discussion
« on: May 07, 2017, 04:56:08 pm »
Does anyone know what is going on? Bts definetly is geting some attetion it deserves but all this sudden paranoia in almost all alts is not "normal"

I'd like to know that too. It's just crazy. Even for crypto markets.

I do enjoy it though, as long as it lasts  :D

20
In the beginning of the crowdfund a market cap of roughly $40M seemed a bit high to buy in, but in light of recent altcoin pumps it looks pretty tempting now. I hope that you guys get some more money in the last week  :)

21
General Discussion / Re: Bitshares price discussion
« on: April 02, 2017, 08:09:47 pm »


I suspect some speculation due to Dan leaving Steem for now. But who knows...

22
General Discussion / Re: Bitshares price discussion
« on: March 05, 2017, 08:55:26 am »
@kenCode is the last chance of bts to succeed together with a coordinated marketing. And more specifically stealth IMHO..if that fails then..

By the way. Seeing bts bleeding and bleeding I am starting to think that maybe someone should fork bts,go back to fixed supply of 2billion which is reduced constantly by burning supply from fees.essentially go back to bts1 but rename it bts3 and sharedrop to bts holders excluding exchanges and let the market decide of that value. apparently cryptoinvestors want deflationary tokens not inflationary and this should be obvious to everyone in this community after 3 years of bleeding. What do u guys think?


Find me a cryptocurrency that isn't diluting its supply FAR more than bitshares is.  In fact, the only Bitshares dilution is witness pay and the somewhat minimally used worker proposal system.  Witness pay is tiny compared to the dilution of, for example, Bitcoin.  So that cost can easily be more than offset by fees as we gain traction. That's kind of the beauty of delegated proof of stake in case you weren't aware of that.   As for worker proposals, are you saying no development should be done at this stage?     

I agree. Dilution isn't the problem at this point in time. (Even the end of the merger vesting period didn't change much.) What we need is active development and a fresh perspective. To outsiders BitShares just looks dead, that's the problem. In the beginning it felt like we had a head start to everyone else but by now competition has evolved more than BTS did.

23
Random Discussion / Re: Musings of a Bitcoiner
« on: November 26, 2016, 10:13:34 am »
Thanks for making me laugh. Hilarious  :D

24
General Discussion / Re: Obits
« on: October 30, 2016, 05:02:05 pm »
Sharedrop benefits everyone proportionately while buyback and burn benefits those who perfectly place their orders and sell at the max buyback price, benefiting the few.

Exactly. Especially as large amounts of OBITS are still unsold. The one party benefiting the most from buyback&burn scheme is CCEDK itself.

25
Muse/SoundDAC / Re: My update on the Slack channel
« on: September 27, 2016, 08:11:59 pm »
Seriously?
I'm sorry cob, but it's getting kinda hard to believe your shit.

26
Awesome! Something like this has great potential imo. I would definitely buy some :) Liquidity is probably going to be a serious problem though. (I really think we need a way to pay interest to shorters...)

I'm also trying to understand the need of witness in this index. So it's a UIA traded index? like what Cyber.Fund have build on BitShares (SPIES).

No, this is not an UIA. It is a smartcoin like bitUSD, bitGOLD etc. No third party is actually holding altcoins, it is just a derivative powered by the DEX. Hence witnesses are needed to provide the price feed.

27
General Discussion / Re: Bitshares price discussion
« on: August 17, 2016, 06:10:58 am »
BTS looks primed for a spike up in price +1000 sat. Soonish.

Wow 970 sat now. Not sure when we saw that the last time.
But why the sudden increase? Peerplays snapshot shouldn't account for more than ~$500k cap increase. Crypto markets are highly counterintuitive as it seems  :D

28
General Discussion / Re: STEEM hack discussion
« on: July 21, 2016, 08:40:02 am »
Everything worked out for me. Huge thanks to the Steemit support team. Great way to handle a situation like this.

29
General Discussion / Re: STEEM hack discussion
« on: July 20, 2016, 08:47:54 am »
Yeah that only works if your recovery agent isn't steem, in which case,  mine is. Good link tho I got real excited when I first saw it...

Sent from my SM-G920I using Tapatalk

I'm in the same boat right now, but I'm optimistic that steem support will eventually get to us. They probably have A LOT of requests to handle currently.

EDIT: There is also a new update: https://steemit.com/steemit/@steemit3/third-update-to-july-14th-security-announcement-account-recovery-begins

30
Muse/SoundDAC / Re: Early 2nd quarter 2016 update
« on: June 02, 2016, 12:14:21 pm »

We are launching a consumer-facing product in MAY!


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