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Messages - nomoreheroes7

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676
General Discussion / Re: The Future of the BTSX Market Engine...
« on: October 02, 2014, 05:27:45 pm »
Are we at the point of a stable client then? Or are people still experiencing instability?

I'm curious just how close to the true marketing push we really are...

677
General Discussion / Re: BitNu - Funding BTSX without Inflation...
« on: October 02, 2014, 05:23:43 pm »
Quote from: Mysto on October 02, 2014, 05:17:25 pm
I think this is a bad idea...
We should try to stay as far away from the word "Ponzi" as possible. I think this could easily be spun in a way to make it seem like bitshares is the ponzi scheme or it supports ponzi schemes or something like that.

Agreed 100%. Not worth the negative stigma of the word Ponzi, no matter how you spin it.

678
General Discussion / Re: Dan Larimer to be Keynote Speaker at Inside Bitcoins in Vegas
« on: October 02, 2014, 03:16:57 pm »
Quote from: liondani on October 02, 2014, 03:09:34 pm
Quote from: 38PTSWarrior on September 29, 2014, 11:06:36 pm
I have the feeling that after Vegas the whole thing here will explode. Like a few days later, after some experts told their friends about it or wrote some articles.
I agree with you but  before it happens I have a strong feeling they (Whales?)will manage  Bitsharesx prices to tank aggressive for a while to make weak hands to leave their positions and have the opportunity to buy massively at lower prices before they see the price skyrocketing again... 

Sent from my ALCATEL ONE TOUCH 997D

They better not, I ain't getting margin called. lol.

But yea, I have this feeling in the pit of my stomach that the price may explode right around Dan's keynote or soon thereafter...or maybe even around Patrick Byrne's keynote, if his announcement is exciting enough. I'm probably wrong as I usually am, but damn that'd be awesome.

679
General Discussion / Re: New rivals )
« on: October 01, 2014, 06:38:53 pm »
Is it just me, or does this not look like a threat whatsoever? The website looks janky, the wallet looks boring, words are spelled wrong...and it doesn't seem to have any features directly comparable to BTSX. Does it have market pegged assets or something?

680
General Discussion / Re: mesh networking, last mile problem, and BTSX
« on: October 01, 2014, 01:33:43 pm »
Quote from: Stan on October 01, 2014, 01:18:15 pm
Quote from: OldMan on October 01, 2014, 02:53:03 am
I mean really, what's he going to do with all the spare time once Bitshares is off and running?

The same thing he does every day, Pinky,
try to reengineer the world!


NARF!

681
General Discussion / Re: So whats going on with marketing?
« on: October 01, 2014, 01:02:15 pm »
Quote from: donkeypong on September 30, 2014, 11:58:01 pm
Quote from: MeTHoDx on September 30, 2014, 06:18:22 pm

Agree. BitShares needs to find our own version of Andreas Antonopoulos.

I'd love to ADD Andreas for good measure; who wouldn't? But in BM, we've already got out own Steve Jobs. And a Kurt Cobain lookalike with you. What more do we really need?

 +5% BM has an amazing way with words. He's all the marketing we could ever ask for.

682
General Discussion / Re: How high can she go?
« on: September 30, 2014, 07:27:10 pm »
Quote from: inarizushi on September 30, 2014, 07:19:58 pm
For the moment, the only thing bitshares destroyed is my real life productivity. I compulsively read all the stuff out there and try to figure out if really this will happen. Coming from a non business oriented background at all (I'm french, never had any economy course, and have been a ignorant/arrogant leftist for most of my life), I have so much to learn.

If I could be intimately convinced that *all this* (the trillion thing) will really happen if enough energy is invested in it, then I should spend all my waking time helping making it happen. I have been convinced by the form : everything seems to make sense.

But I would have to be able to reinvent the whole system from nothing myself in order to be 100% convinced that it WILL happen.

Some of you are at this level of understanding, and I wonder how you can even sleep :D


Nothing is guaranteed, obviously, but the fundamentals/possibilities definitely seem to be in place. And I'll be damned if I don't try chucking some money at it in hopes it succeeds; don't think I could bear the regret that would come from having not tried.

683
General Discussion / Re: Reddit showing interest in launching a cryptocurrency...
« on: September 30, 2014, 07:03:00 pm »
lol too bad "Reddcoin" is already taken... :P

684
General Discussion / Re: How high can she go?
« on: September 30, 2014, 06:57:38 pm »
Quote from: bytemaster on September 30, 2014, 06:52:49 pm
Quote from: inarizushi on September 30, 2014, 06:50:39 pm
So, do you guys believe that everybody presently on this forum is a future millionaire/billionaire ? My mind cannot compute that.

If really trillions are on the table, the real world is full of really bad shit (murder/violence). Delegates will have to watch their asses.

I suspect the value will be spread across a dozen different DACs...

Do you mean a trillion dollar market cap would likely be spread across the entire BitShares ecosystem (like Music, DNS, Vote, etc)? I imagine if BTSX is truly successful, many of these other DACs would be successful as well; but if any has the possibility of reaching trillions it'd be BTSX, wouldn't it?

685
General Discussion / Re: How high can she go?
« on: September 30, 2014, 06:18:06 pm »
Quote from: OldMan on September 30, 2014, 05:08:43 pm
>Trillion dollar BTSX cap is not unrealistic; just did a little pumping here https://bitsharestalk.org/index.php?topic=9486.msg123619#msg123619.

lol OldMan I always appreciate your pump posts...but still...having a reality cap on, it just seems so...extraordinary, you know? As in things in life aren't usually so easy. But I read your posts and they just make so much damned sense...just doesn't seem real. At least the reality I'm used to hah.

Put this way -- if I were an outsider looking in, having not yet invested in BTSX, I would read such crazy speculation claims and think "there's no way in hell this isn't a scam to line the pocket books of Dan!" and I would continue walking. Hopefully others will be more open minded than my theoretical other self...lol

...and hopefully my real self is correct in my line of thinking: that BTSX is something truly unique, once-in-a-lifetime, and potentially world-changing that can't be ignored.  :)

686
General Discussion / Re: How fast are BTSX burned?
« on: September 30, 2014, 06:04:01 pm »
So if my math's correct, the theoretical max could be as many as 157,680,000 in a year? 7.884% of the BTSX supply burned? Sounds significant...of course it's all variable, but still. Interesting...

687
General Discussion / Re: The Taxman Cometh
« on: September 30, 2014, 04:50:44 pm »
Quote from: matt608 on September 30, 2014, 04:29:33 pm

I am pretty sure selling into "digital fiat" on an exchange is a taxable event.


But what if you're just day trading it to build your investment? That could get messy trying to figure out each gain and loss every time you buy and resell even a small portion. And to my knowledge, none of the exchanges send out 1099 forms to tell you your gains/losses, do they?

...but yea, you're probably right. Knowing the IRS, they probably would consider fiat transactions on an exchange taxable; but they'd have no real way of knowing unless you tell them. But be that as it may, I'd still think BitUSD is not the same as cashing into USD, and thus you'd just be making a trade of one investment for another with no gain or loss to recognize (like-kind exchange, basis in the new asset = basis in the old asset). If BitUSD were to start being accepted as real USD, however......that would be sweet. And probably taxable.

688
General Discussion / Re: The Taxman Cometh
« on: September 30, 2014, 04:26:05 pm »
Quote from: sschechter on September 30, 2014, 04:24:04 pm
Quote from: roadkill on September 30, 2014, 04:17:59 pm
Quote from: dat peg doe on September 30, 2014, 03:59:05 pm
No tax obligation (US tax system) until you convert to actual fiat.

Can anyone confirm this?

I was under the impression that each BTC-USD trade is taxable (even if you don't withdraw the fiat). So is coin-to-coin and coin-to-asset trading exempt? Because that would be great.

BitUSD is NOT $USD, it is a token and a piece of digital property

I agree with this. I wouldn't think even cashing out into "digital fiat" on an exchange is a taxable event until you actually withdraw that to your bank account. The IRS wouldn't know anyway, would they? lol

Disclaimer: I am a CPA by profession. But I may not be a very good one heh...

689
General Discussion / How fast are BTSX burned?
« on: September 30, 2014, 04:00:01 pm »
The way I understand it, a portion of BTSX are burned by delegates as a form of dividend to BTSX holders by decreasing supply, correct? Is there any way to determine how fast this burn rate will be? For example, coinmarketcap has us at 1,999,883,512 BTSX right now, meaning 116,488 BTSX have been burnt to date. Is this accurate? Is there any way to guesstimate how many BTSX will be in existence after say 1 year? 3 years? 10 years?

690
General Discussion / Re: BitNation - Governance 2.0
« on: September 30, 2014, 01:39:59 pm »
That's a pretty far-out concept...but very interesting, and a very nice website. It looks like they already plan to use the bitcoin blockchain, though:

"Bitnation is a Distributed Organisation incorporated on the Bitcoin blockchain"

So I imagine it'd be hard to get them to jump ship now. Unless of course Bitcoin ultimately implodes, which is looking more and more like a possibility lately... ;)

But yea, a competing BitUnion/BitSociety/BitCountry/BitPeople would be awesome...lol too bad they already took the BitNation name.

BitPolity? BitRepublic? BitDemocracy?

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