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Messages - Bitcoinfan

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106
General Discussion / Re: Bitshares has some serious competition: http://www.augur.net/
« on: March 15, 2015, 07:36:07 pm »
Truthcoin is so complicated-- yet their are several teams churning out versions by June.  By June its possible 3 different teams will have the capability of replicating the entire public stock market.  And after a year and a half, what do we have with Bitshares?  We haven't yet received what we were sold on, the polymorphic digital asset.

Your effectively doing the same thing truthcoin is trying to do.  Make the delegates have skin in the game.  With Truthcoin the share ownership is their vested winnings.  And with that your protecting identities as well making the system censorship resistent. 

107
General Discussion / Re: Bitshares has some serious competition: http://www.augur.net/
« on: March 15, 2015, 05:59:46 pm »
Quote from: jsidhu on March 15, 2015, 05:52:13 pm
Quote from: Bitcoinfan on March 15, 2015, 05:44:54 pm
What happen was that Bytemaster ignored the Truthcoin proposal.  fyi augur's origins was truthcoin.  I want you all to remember this could have been part of bitshares...  This also wont be the only prediction market in development that will compete hard against bitshares. 

And delegates for prediction markets are a core disadvantage.  Its a disaster waiting to happen.  I would not trust millions of dollars of trading to transparent delegates that can collude together.

But then wouldnt the same arugment apply when your talking about signing blocks worth alot of money? Isnt it the card we are playing here? Otherwise whats the advantage here if any? I dont think we were at a point to implement truth coin... And its better research is done in another chain before we integrate... I dont think siegnorage coins should be done via prediction markets... With their model they have to...

No because delegates only have the power to stunt the signed message from transmitting.  It just makes the transaction not go through.  Delegates with the power to decide resolutions, gives them the power to allocate winnings where they please, if they choose to collude. 

Look, truthcoins implementation is much simplier than bitshares.  So to get to a siegnorage coin won't be difficult.

108
General Discussion / Re: Bitshares has some serious competition: http://www.augur.net/
« on: March 15, 2015, 05:44:54 pm »
What happen edwas that Bytemaster ignored the Truthcoin proposal.  fyi augur's origins was truthcoin.  I want you all to remember this could have been part of bitshares...  And this wont be the only prediction market in development that will compete hard against bitshares. 

And delegates for prediction markets are a core disadvantage.  Its a disaster waiting to happen.  I would not trust millions of dollars of trading to transparent delegates that can collude together. 

However...  if Bitshares can pivot quickly to scripting, and thats a big if they can do fast enough, bitshares can replicate and win out. 

109
General Discussion / Re: Augur prediction markets
« on: March 01, 2015, 06:00:55 pm »
Yep.  Uses same truth coin premises. Crowds sale in May. Runs on ethereum.  This will be a boost for them and Bitcoin once side chains are out

110
Stakeholder Proposals / Re: Persistent interest rate competition in shorting
« on: February 28, 2015, 06:11:07 pm »
I proposed this same idea a while back.  It is not viable right now because you are deincentizing shorters (when there are so little) from providing liquidity and collateralization in the markets. If this rule was in place, nobody would want to short, or would hesitate to do so, drying up possibility of growing the volume of bitassets.  I think for now it is more complexity that we don't want to fiddle with. 

But seeing as you have an eye on this as well, we should take this up in the future when the overall market cap is healthier. 


https://bitsharestalk.org/index.php?topic=14217.msg185174#msg185174




111
General Discussion / Re: Operation DarkNet
« on: February 16, 2015, 04:59:17 am »
Yeah same barriers.  Wouldn't that indicate they would have to develop their own bts specific escrow system and cart.  Concern is this needs some hands on from the devs to help transition to bts.

 This is compelling btw

112
General Discussion / Re: Operation DarkNet
« on: February 16, 2015, 04:34:02 am »
Immediate challenges are technical functionality:  getting escrow to work with ease of use and having cart functions.  @Jsidsu what do you think?

113
General Discussion / Re: Bter suspended
« on: February 15, 2015, 05:19:23 pm »
There aren't many choices for altcoin exchanges.  It's an opportunity for bts

114
General Discussion / Re: Bter suspended
« on: February 15, 2015, 05:17:59 pm »
Quote from: jsidhu on February 15, 2015, 05:15:45 pm
If the hacker is smart they would buy bitbtc or bts on the decentralized exchange to avoid being tracked... So this might be bullish for us shortterm and long.. If they use a central exchange they risk being caught

According to reddit the hacker already washed it.  They prob have no idea what bts gateways are and have so many btc they can't funnel through our network

115
General Discussion / Re: Bter suspended
« on: February 15, 2015, 05:14:54 pm »
Quote from: jsidhu on February 15, 2015, 05:00:10 pm
Cant ppl blacklist the address to track them?

I think they must have imported pvt key of cold wallet into hot wallet and then xfer some to their exchange.. How else would they xfer from a cold wallet unless it was a node that went online just for an xfer

Blacklists won't help if thieves can launder and wash to bluff the trace.

116
General Discussion / Re: Bter suspended
« on: February 15, 2015, 04:50:22 pm »
Where did you get that?

117
General Discussion / Re: Bter suspended
« on: February 15, 2015, 04:15:50 pm »
Is it me or is the Bitshares network down as well?  I can't see anything on Client or on Bitsharesblocks. 

118
General Discussion / Re: Moonstone - New Bitsapphire Wallet: Fundraiser proposal
« on: February 14, 2015, 11:02:25 pm »
Are you considering adding Shapeshift API for BTC type wallet?

119
General Discussion / Re: Cryptosmith: BitSilver to silver website construction has begun!!!
« on: February 14, 2015, 04:48:33 pm »
Your site doesn't work?  When is launch btw?

120
General Discussion / Re: How to prevent yield harvesting?
« on: February 13, 2015, 01:29:42 am »
Id like to throw in an idea just for the sake of entertaining it.  Consider this: 

Any collateralized short can be swapped out with another bidders short when and only if the bidders interest rate is higher.  The bidders short will effectively dethrone the same position as the collateralized short (while the orginal short will be liquidated). What you get is still a collateralized bitusd but with a higher interest rate shorter backing it.  I think ultimately this would be unfair to shorters as they are asked to take as many more risks.it would solve our low interest rate problem.  Yet shorters may be de incentives to short hurting the ask side of the transaction.    But I just wanted to throw it out there in case it spurred more creative thiughts amongst  you all.

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