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Messages - nomoreheroes7

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General Discussion / Re: BitShares vs. Bitshares
« on: October 25, 2014, 11:40:25 pm »
The name is BitShares' greatest asset. Rolls off the tongue, easily recognizable, simple, obvious. You'd have to be crazy to throw away one of the brand's greatest strengths. eShares? Digishares? God-awful.

On topic and back to the realm of sanity...I'd say either Bitshares or BitShares...can't decide which looks nicer.

General Discussion / Re: Dear Invictus, we need a social media DAC
« on: October 25, 2014, 10:42:06 am »
This would be interesting. The problem with Ello is that it most likely won't succeed, due to both network effect that Facebook already dominates and poor profitability (because it doesn't have ads). I think we'd need to solve these fundamental problems first...

General Discussion / Re: 5 million BTSX sell wall
« on: October 24, 2014, 11:24:37 pm »
At the rate we're going, I'm fairly sure all my shorts will be wiped soon. Fingers crossed...

You could add more collateral to your shorts... that's what I've had to do to all my grandfathered shorts.

Lol I didn't know you could actually do that. All the shorts got wiped out anyway...oh well. Feels good not having the pressure anymore anyway heh.

General Discussion / Re: Longtime Investor - I am out
« on: October 24, 2014, 07:56:50 pm »
Lol this thread is gold.

You can come out now's safe, I promise.

General Discussion / Re: BM:i tell you why you are the bigest bug of bts
« on: October 23, 2014, 12:45:02 pm »
Is it just me, or is a lot of the hatred for these changes coming directly from the Chinese community? The majority on this board seem to be overwhelmingly in favor of the proposed changes, but we keep getting these random attacks from Chinese board members who are absolutely against it...

Is there some kind of miscommunication going on here? These changes are necessary and will greatly benefit the ecosystem as a whole...I'm struggling to see how anyone can't see that.

But this requires that they stay operational for at least the next 2 years.

Is this certain? Is there any way for them to honor the snapshot and somehow have the vesting period transferred to the user's wallet or something?

I doubt it, but that'd be better than keeping the allocation on an exchange for 2 years...who knows what could happen to it in that time.

General Discussion / Re: 10% dilution = 650,000 BTS a day
« on: October 22, 2014, 08:43:16 pm »
2 billion bts * (1+20%) = 2.4 billion. 2.4 billion * 10% / 365 = 657,534 bts

Waitaminute, isn't the new share supply from the merger 2.5 billion, not 2.4 billion? Am I missing something here?

General Discussion / Re: Proposed Allocation for Merger
« on: October 21, 2014, 07:38:26 pm »
Does anyone want to tell me why VOTE changed everything?

I haven't been able to find the amazing revelations related to vote.

Possibly California exploring new voting systems and the VOTE concept fitting what it is California is looking for.

Yea, California is going to want to accept BTS as a voting solution?  Does that seem plausible?  A custom blockchain - yes.  The 2nd swiss-army of blockchains ?  ... ?

Yea it keeps track of your votes !  And does your Name Service !  The ultimate vote solution !  OH yea, we're a bank denominated in all manner of commodities !  Come one ! Come all !


Am I being too cynical ?

It seems for this reason that the various aspects of the "super DAC" should be branched off into their own wallets or something -- there needs to be a separation between all these different ideas, while still being ultimately backed up by the BTS super token so that investors are happy and developer focus isn't pulled to competing ventures.

At 2500 per block max, then the percentage of possible dilution declines over time, if supply grows.  (Just like in bitcoin).

It doesnt go exponentially increasing.  its only a linear increase.

Alright, this makes the most sense to me so far. Soo...250 million max per year? And do we expect to max this out each year, resulting in 5 billion BTS supply by 2024?

I suppose it's hard to guesstimate how much of the 250 million max would be infused each year, depending on how much the shareholders are willing to allow and what plans are needing funding at any given time, right?

General Discussion / For 10% dilution, how much are we really talking?
« on: October 21, 2014, 06:42:42 pm »
If the dilution cap per year is set to 10%, does this mean that the first year will see 250 million BTS dilution, the next year 275 million more BTS, and so on? Or does this just mean up to 10% is possible, but not necessary?

And for how long would this continue? Could we expect a total supply of 6,484,356,150 BTS in 10 years (based on compounding 10% for 10 years starting at 2.5 billion)?

I'm all for dilution, but over-dilution frightens me a bit. Hoping I'm misunderstanding something (burn rate offsetting it, perhaps?)

General Discussion / Do you plan to sell some BTS in the next bubble?
« on: October 21, 2014, 01:29:29 pm »
I feel like the next bubble for BTS will be significant. As in, if everything is as awesome as has been teased, we could see an absolutely absurd rise in price in an extremely short time. But from looking at the historical chart, I feel like I should have sold some during the first bubble over $100 million cap, and increased my position on the fall.

But how do you call the top of the bubble? How do you know a quick fall is nothing more than a bear trap, and you sell some at a price never to be seen again? What if the price does rise exponentially higher than anyone is anticipating, if say an announcement really were that powerful?

Is it better safe than sorry, if you truly believe in BitShares long-term? Hold to the bitter end? Or risk some for that chance to build up your BTS base?

General Discussion / What's the status on yield?
« on: October 21, 2014, 01:07:46 pm »
Are we still expecting 5-10%? How about in the future, if/when there is huge demand for BitUSD (or any other asset), will a decent yield still be possible? I read somewhere that the new short system that was implemented had the result of increasing collateral while decreasing yield, but I'm wondering how much an effect is anticipated.

Just curious how much BTSX will need to make me before I can diversify it in the future and live solely off the yield  8).

General Discussion / Re: Main reason of FUD from Chinese Community
« on: October 20, 2014, 10:45:37 am »
As everyone may see, the price of btsx is high diving now. As the local moderator of Chinese subforum, first of all, I want to say that most of us are still supporting BM and 3I.

However, some of our friends are indeed selling their BTSX. Part of them choose to sell, because they turn to other investment which seems more profiting in short term. The other portion, from my understanding,  is due to the cracking of their belief in BTSX. People liked BTSX, because it is a DAC and it has great potential. A DAC will always run by itself, even the dev teams abandons it, and a DAC doesn't change its consensus. However, what BM proposed in his previous a few posts are huge to its consensus. These change might be good in long term, but "inflating","diluting", those words sound very serious, and scare those guys. Anyway, they expect the change of BTSX is only about the function of wallet, not the consensus. I strongly suggest that next BM when BM announces something big which is non technical, he needs to rephrase every sentence and explain every points clearly. Actually, regarding this point, Stan can be a very good teacher, because Stan is very good at communication skills. :D

I think it is very important for people like you ripplexiaoshan, to explain to people in the community that "inflating","diluting" is NOT happening right now, and this is just a  'capital infusion' done the only way possible on a blockchain. And what BM is talking about   is implementing the tools, so when/if such 'capital infusion'  is needed or desired, the BTSX is ready to do it with the approval of all shareholders.

Exactly. These fears are blown wayyyyy out of proportion. The ability to infuse capital in the future to further build value is extremely important and I see it as only a good thing.

Also, I think there is a good amount of "lost in translation" going on here. Watching the markets, it seems natural that the price is stable/rising during the day (in the US), but suddenly dumps to all hell once China is awake. That looks to me like many Chinese are just entering text into Google translate, seeing the word "inflation", and panicking without realizing what's actually going on here. This is why it is so important to have a Chinese-English speaking middleman (such as yourself, ripplexiaoshan) to explain things concisely.

General Discussion / Re: Proposal to Resolve a Million Issues at Once
« on: October 19, 2014, 07:09:15 pm »
Get big, then divide. 
Don't divide, then try to get big.

Wise words... +5%.

I love today. Mass buying opportunities + great news for the future -- what a combination.

I agree, but i think it is absolutely crucial to present a strong message of reassurance to those of us who remain. Short term panic and uncertainty can have tremendous consequences in the long run and i really dont think it is wise for BM to not be present on the forums during this market crisis. I realize that he didnt anticipate such a volatile reaction so he probably hasnt got a full proposal/plan ready yet, but I would really love to see a sort of "official statement to investors" that can reassure everyone that you guys know what you are doing and that anyone who trusts your judgement should have no reason to panic.

Perhaps now would also be a good time to reveal some new info about thw coming marketing push and other information that will help calm and reassure investors.

 +5%. This is important right now.

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