Smartcoins have potentially wide uses, but I don't think that fiat-pegged stable currency is the killer app, not least because the mainstream seems unlikely to trust their savings to "stable" pegged currencies backed by inherently volatile collateral (which Nubits has demonstrated so poignantly). In parallel as these pegged currencies flounder with poor demand, any non-pegged crypto that sees enough network effect build over time and wins the race toward mainstream usage will also see declining volatility as a result, in turn promoting increased usage, in a self-reinforcing cycle. Therefore the volatility that most people today see as a problem to be fixed ends up fixing itself as adoption grows. Bitcoin for example continues down that path and is now at new lows in rolling 1 year price volatility, and still probably heading up the early part of its S-curve of adoption. I'm not claiming that Bitcoin is the ultimate victor in the crypto-money competition, only that whatever the victor is will inevitably see volatility fall to levels on par with fiat currencies (and possibly less), although this may take a couple of decades.

I think bitUSD has been an amazing experiment, leading to other cool developments, but unfortunately is probably not the killer app people want it to be. At best it is a stepping stone whose window of opportunity is closing. The crypto creations of central banks when they come in the next few years will directly compete but with a stamp of authority that gives many people comfort. But then eventually pure decentralised global crypto-money will gain enough confidence to make all of these variations obsolete.

I feel the focus ought to be on realising the fuller potential of the Bitshares platform, and defining how the Bitshares technology can be made flexible and useful enough to masses of developers and entrepreneurs to do the job of building killer apps we can't yet imagine. This is Ethereum's promise and I hope Bitshares can carve its own niche in this landscape.

Quote from: cube on June 09, 2016, 04:21:21 pm

Quote from: wackou on June 09, 2016, 03:00:49 pm

there are quite a few seed nodes down or stuck again...

@lafona @puppies @betax @liondani @cube @iHashFury @Harvey

http://status.bitsharesnodes.com/

@abit was working on a patch but it has a compile problem. Abit, have you fixed it?

I thought I had replied earlier..

Code: [Select]

git remote add abit https://github.com/abitmore/bitshares-2.git
git fetch abit
git checkout 2.0.160328
git submodule update --init --recursive
git cherry-pick aa844f56faac4dda0d542520a672c4704fb0e617
cmake .
make


Quote from: coky on June 09, 2016, 05:21:05 am

I invite you all  to read >>  https://www.compumatrix.ph/2016/05/30/ways-to-earn-bitcoins/
Also >>  https://www.compumatrix.ph/2016/06/08/the-compumatrix-portal/

Those links tell me how to get *into* the system by buying your assets.
But once I have these COMPUCEEDS or what they're called, how to I get *out* and back into FIAT or other crypto-assets?

Quote from: cube on May 20, 2016, 02:10:32 am

I think you do not need to pay exchanges for the swap of 1:10. You need to convince your user base to move over to the new chain (with the new supply) and let the POW chain die.  As for masternode, bts does not use masternode but its own set of DPOS witnesses.  Have you considered that?

Exchanges do need to change their withdrawal/deposit function to BTS-based if the coin will be traded on the exchange in the future. Not too hard if it has BTS or other BTS based assets already.

Quote from: mint chocolate chip on May 20, 2016, 01:51:57 am

With the drastically reduced fees, there is really no point to upgrade!!! The way I look at it, saving 80% on what is almost a free trade amounts to minimal savings. Spending a bunch of your capital to upgrade to LTM just doesn't make a lot of sense anymore.

That is the point.... now
"All it takes it so convince people to upgrade to LTM." ..when it makes no sense to do so!