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Messages - nomoreheroes7

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Be reminded .. that "airdropped" funds have a vesting period of 2 years .... which means .. you can get a 1/(2*365)-th part of your funds every day .. you can only withdraw all you funds after 2 years!

That introduces the risk of losing parts of your funds if the exchange shuts down within the next 2 years!
Unless you have them withdrawn to your own wallet!

So BTSX we already have on exchanges can be withdrawed no problem after 5th Nov, 2 years vesting period is only for new funds? I don't have PTS or AGS, I only have BTSX on exchange...

Yup, BTSX has no vesting period and nothing to worry about.

I invested in Angelshares before the 2-28 deadline and received BTS-X. I've got that setup in my wallet. So this one doesn't mean anything to me, right?

Yup, AGS can just wait it'll get BTS allocated on November 5th.

Thanks, what does "airdrop BTX to PTS/AGS/DNS/VOTE" mean?

Basically they will receive shares in the new BTS based on the amount of PTS/AGS/DNS/VOTE they're holding at the time of the snapshot...therefore, it is important to keep any PTS and DNS you may have in your wallet on November 5th, so they can be included in the snapshot without worrying about whether the exchange will honor the airdrop.

Never keep your money on exchanges, first of all. But the snapshot is only to airdrop BTS to PTS/AGS/DNS/VOTE, BitSharesX will just change its name to BitShares. You can keep your BTSX wherever you want at the time of the snapshot as it won't be affected.

General Discussion / Re: I hope new bts will rise 200% after 11.05
« on: October 30, 2014, 04:45:19 pm »
It's the bubble popping..  look through my posts, I predicted this a month or two ago.

A bunch of people rushed in, all not wanting to miss out on the next big thing and they worried that BTSX would go higher than Ripple and they panic bought..  only now everyone who wanted it has already put as much as they could afford to risk in.. while the sellers still want to sell and the price is crashing.  It's unfortunate that there is so much panic buying in crypto.. because it always leads to crashes.

It's going to be continuing down for a week or two, then I'll pick some up as planned.  It's still got good long term potential.  Not as much as Nxt but it's always a great idea to diversify.

Also, keep in mind that the reason for the spike was largely because people thought Overstock might go with BTSX.. which is clearly not happening anymore.  Also the other big thing BTSX had going for it was BitUSD.. but clearly NuBits is maintaining a much more stable price, while BitUSD has been a little bit weak.

lol. The funny part is that you actually seem to believe yourself. Come back in December; we'll be happy to discuss your bubble theories at that time. Good luck with nxt.

General Discussion / Re: I hope new bts will rise 200% after 11.05
« on: October 30, 2014, 03:43:40 pm »
Every morning I wake up and se bitshares down another 10%

This is getting pretty bad. I have a feeling we see 25mil market cap before 11.05. A 200% gain after that won't even get us to new market cap highs plus our shares are all going to be diluted...

And another 20% gone in the last hour...

I love how people are saying just don't check the price and it will rebound eventually.  Easier said than done when your watching your hard earned money literally disappear in front of your eyes

It seems to be an unsustainable panic drop to me. The faster it falls, the quicker it ought to do a snap back, same as when it rises too quickly. But yea, pretty depressing lately...I was fully expecting a rally up toward the November 5th snapshot date; I'm pretty shocked that hasn't happened yet. I see the merger as hugely important and fairly executed, but apparently the market doesn't see that way...

Also I own around 10 million BTS that I got from running my business and investing everything into bitcoin before the bubbles. That's all I have, so it's nowhere near "thousands" of BTC.

Holy hell that's a lot of BTS. I thought I had a decent amount, too...feel so small.  :(

General Discussion / Is there a new "Social Consensus" for the new BTS?
« on: October 30, 2014, 02:17:04 pm »
If third parties want to use the BitShares toolkit, do we still plan to have the social consensus in place recommending airdrops to BTS holders? If so, what is the new recommended percentage? Or will the social consensus just be for AGS and PTS holders?

General Discussion / Re: What does a BitUSD early adopter look like?
« on: October 29, 2014, 11:47:34 pm »
Age: 18 - 35  Check
Sex: Male  Check
Education: University  Check
Occupation: Tech related  Accountant...hobbies/interests are tech-related
Political: Libertarian  Check
Location: Latin America  nah, USA

General Discussion / Re: Bitshares slogans
« on: October 29, 2014, 03:24:40 pm »
BitShares: i'm lovin' it.
Yo quiero BitShares.
BitShares: Now that's better.
BitShares: Have it your way.
BitShares: What cats want.

General Discussion / Re: How many bitshares do you own?
« on: October 29, 2014, 12:37:37 am »
Potential market cap -- 2 billion in one year. 30 billion in 2 years. Trillion in 5 years.


Unlike nubits we have total control on when to end this subsidy. The very second that shareholders deem it unprofitable to continue the subsidy, they will vote to end it.

You guys are thinking in bitcoin terms, not in company terms. This would be a promotional marketing campaign, an investment meant to result in a higher payoff (through rapid influx of capital deposited in bitAssets). You are underestimating the massive advantage the promise of a real number will give people, rather than simply a promise of "it pays interest".

I think it is a bad idea to simply dismiss it outright. It is better to discuss if and how it could be done profitably.

...but if we're able to naturally provide somewhere in the realm of 5% interest, none of this would be necessary...let's focus on getting the yield naturally.

General Discussion / Re: Marketing Direction - Why not How or What...
« on: October 27, 2014, 11:49:24 am »
Agreed 100% with everything Luckybit has posted. Very, very powerful points in those posts. Utility and "what can it do for me?" is most important first and foremost, and the ideology will inevitably follow...

General Discussion / Re: Live SnapShot Calculator
« on: October 26, 2014, 06:47:03 pm »
Don't forget to factor in that fact that other 3rd party DACs are still being encouraged to snapshot PTS after Nov 5th. If you sell your PTS now then you obviously give up genesis shares in other 3rd party DACs. Not exactly an apples for apples situation. Please correct me if I'm wrong here...

I guess...but I can't imagine there's going to be much going on in the future. I've been waiting for a good time to sell my BTSX at a high price and transfer it into PTS to get a nice premium for becoming illiquid, but the PTS price just doesn't seem to be discounting lately...and the volumes are pretty abysmal, too. Pretty sure there will likely be a major flash crash in PTS price after the snapshot, so you can't really say holding PTS will do much for ya. Maybe I'll convert to DNS instead...decisions, decisions.

General Discussion / Re: When are we going to see an "on-ramp" from fiat
« on: October 26, 2014, 01:13:43 pm »
I should probably be buying more.

Lol hopefully this will be the understatement of the century in a few years' time...

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