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Messages - MrJeans

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91
I dont agree with the percentages, I think the % fee should decrease more drastically with higher volume as very high volume traders have extremely low fees.

But overall I really like this approach  +5%

93
General Discussion / Re: Brownie Distribution Update
« on: July 23, 2015, 10:10:36 pm »
Would it not help to have an open google sheet and have everyone fill their details directly on there.
This may save you work.

94
General Discussion / Re: Brownie Distribution Update
« on: July 23, 2015, 10:09:43 pm »
|               MrJeans                |                MrJeans                |               MrJeans            |

95
I also wanted to have a bash at a ZAR to bitUSD exchange for South Africa.

I approached the Financial Intelligence Centre and got scared out of the idea, basically if I make any error with regards to reporting or someone uses the service for malicious reasons and it can somehow be proven (falsely or otherwise) that I had prior knowledge of this then thats a R15m fine or 5 years in prison.

Since I dont have R15m its just not worth the risk   :-[

96
Yes the regulations are very constricting especially when you look at them through crypto glasses.

I wonder what the world would be like without all the regulation on fiat (would there be tons of well funded terrorists and will everyone be money laundering? perhaps the benefits of control dont justify the negative effects it is having on society, and we will never know until the restrictions are lifted. I assume that someone who wants to fund terrorists would not necessarily make an EFT from their bank account  :-\ so why all the reporting controls on EFTs).

There is also a massive lack of understanding by regulators which makes people like us worry about going to jail for trying to provide an innocent service.

great questions..i think a simple answer becomes clear when we ask:

"do current regulations and pervasive spying stop terrorist funding right now?"

of course not, but we still keep going down that losing path. the big problem with patches to tackle social problems is that politics isn't geared to digging deeper and getting to root causes. like, why is the USSA the #1 target for non-US terrorist attacks? answering that question to anything close to the truth would do much more than additional surveillance and regulations to keeping us safer.
+5% Yes, this is the right line of thought.
I gather that you are attempting to start a service that would need to navigate the regulatory environment. Which country are you thinking of operating in?

97
Coin.mx Execs Arrested for Operating Illegal Bitcoin Exchange
http://www.coindesk.com/coin-mx-arrested-operating-illegal-bitcoin-exchange

Go BitShares Go!!!  :)

news like this makes me not want to do any kind of finance business, which is sad.
it looks like they did a whole lot of other funny business.
My plan would be to block the US on an IP level, they seam to be the main problem makers with their anti-freedom agenda.

agreed. those guys at coin.mx seemed to be involved in a lot more than simply running a crypto exchange, but this is still a very negative signal to me; and maybe that's the purpose, to keep pressure on our industry and inhibit it from the start.

Yes the regulations are very constricting especially when you look at them through crypto glasses.

I wonder what the world would be like without all the regulation on fiat (would there be tons of well funded terrorists and will everyone be money laundering? perhaps the benefits of control dont justify the negative effects it is having on society, and we will never know until the restrictions are lifted. I assume that someone who wants to fund terrorists would not necessarily make an EFT from their bank account  :-\ so why all the reporting controls on EFTs).

There is also a massive lack of understanding by regulators which makes people like us worry about going to jail for trying to provide an innocent service.

98
Buying back stock is Warren Buffett's preferred way of returning cash to shareholders (rather than paying a dividend).

I agree with Buffett.

Its also way easier to implement on a blockchain, by burning an asset, instead of trying to distribute small amounts of an asset among all holders.
This could work for UIAs, but not for MPA where the price is not influenced by supply and demand, right?

99
General Discussion / Re: Bike Lounge in Athens Mall accepts biteur
« on: July 22, 2015, 03:49:44 pm »
post some pics of your store, if you want. would be cool to see

100
Coin.mx Execs Arrested for Operating Illegal Bitcoin Exchange
http://www.coindesk.com/coin-mx-arrested-operating-illegal-bitcoin-exchange

Go BitShares Go!!!  :)

news like this makes me not want to do any kind of finance business, which is sad.
it looks like they did a whole lot of other funny business.
My plan would be to block the US on an IP level, they seam to be the main problem makers with their anti-freedom agenda.

101
General Discussion / Re: Bike Lounge in Athens Mall accepts biteur
« on: July 22, 2015, 12:03:41 pm »
 +5% awesome!

102
Any pair is instantly available once the asset is created, there's no minimum market depth AFAIK, however you might want to focus on the major ones, ie against BTS, CNY or USD.

You can find these markets by searching in the client.

Once you've issued say 100 units of UIA asset to yourself, simply go to your desired market and place a sell order.
Thanks  :)

103
How does one go about establishing a trading pair for a UIA.
So if I wanted to buy NOTES with my bitUSD. How would I go about issuing such a buy order.

I assume I would need to wait for someone who then wants to sell NOTES for bitUSD. Is there a minimum market depth requirement?

Followup question: If a user issues a UIA and then sells it on the market at a set price to raise funds, can the user specify the trading pair with which he is selling the UIA (eg selling the UIA at 40bitEUR per asset token.

104
@ccedk

any update? I am waiting to activate my card at your site. I don't want to pay 0.05 BTC more to bit-x
I have already payed 0.1 BTC to CCEDK

Can I bind the card with my name? Since many companies want the deposit to have the same name on card like they registered clients... like on trading platforms... is it possible?
The upfront fee should be claimed to be 0.15BTC. many users have been complaining about the 'hidden' fee.

105
Technical Support / Re: Can we do these things
« on: July 20, 2015, 05:19:30 pm »
Alternatively, can I share drop a second UIA on users in proportion to how much of a particular other UIA they have (more indirect way of providing dividends)?
You can pull out the "addresses"/account names which own some funds and sharedrop them with an arbitrary asset .. again you will be required to pay the tx fee
I gave this some thought.
Say if I create a UIA and I want to share drop it on Brownie-PTS, would I have to pay a transaction fee for each account I am share dropping on?

Surely thats not the case, how did NOTEs issue their UIA (they are slightly different because they sharedropped on PTS/AGS, but they still have a share dropped UIA.

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