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Messages - Ander

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3226
General Discussion / Re: SEC letters being sent. It's not pretty.
« on: October 29, 2014, 05:43:18 pm »
Love that quote in WSJ! 

3228
I think it is enough to post something like "last year people earned X% on BitUSD"... not changing... true... past performance is no guarantee of future performance.

I agree.

We just pay out the amount of money that was generated from fees.

We tell people what this rate was in the past.  The future rate is not guaranteed to be the same, but they are given an idea of what might happen.

3229
1) Like Bitcoin, it is an implementation of the Blockchain technology: A decentralized ledger.

2) DPoS.   DPoS doesn't waste money through inflation in order to secure the network.  DPoS > PoW.

3) BitUSD.  BitUSD provides stability and solves bitcoin's problem where merchants dont want to hold it due to price volatility.  It even provides yield!

4) Paid Delegates.  Bitshares has the ability to fund its own development through paid delegates.  This allows Bitshares holders, by majority vote, to elect someone to be paid (through inflation) to do whatever we are hiring them for.   This gives us the ability to hire developers to improve Bitshares.  It could even result in us hiring many developers away from other projects where they wouldn't get paid, poaching the talent from any competition.

5) Speed.   10 second transaction times (or even lower) with DPoS is greatly superior to bitcoin's 10 minute transaction speed or Litecoin's 1 minute.

6) BitAsset Exchange.  Other BitAssets like bitGLD are useful to allow exposure to whatever price volatility you want.  Bitshares is an exchange, not just a currency.  Additionally, trading fees are used to burn shares of BTSX, reducing the overall supply (counteracting dilution!)

7) Other features.   Anonymity (TITAN), upcoming features such as VOTE, DNS, Turing complete scripting.

3230
General Discussion / Re: Volume for bitUSD and bitCNY
« on: October 28, 2014, 07:30:42 pm »
There have been days where bitUSD volume is nearly 0 as well.

We need more users. :)

3231
If we were to dilute in order to pay a higher interest rate, that would make Bitshares look like a scam to me.  A ponzi, taking the funds of new investors (those who bought diluted shares) and paying it as interest to old investors.

This is exactly what we dont want to do, imo.

We need to increase real, legitimate, sustainable demand for bitUSD.  Which is hopefully what the coming marketing campaign will do.

3232
Hearthstone


You should probably post this on some gaming website. :)

3233
Dota is more well known though!

Oh, I see, you are a time traveller from 2005! :)

3234
Using DotA as an example of the moba genre instead of League of Legends!  What is this?  I should sell my Bitshares because of this heresy! :D

3235
Quote
1. I3 wants developers on site, and for valid reasons.  It makes the project more cohesive and easier to manage. However, the demand for developers looking to move to Blacksburg, VA is, unsurprisingly, very low. Either I3 needs to move their office, or they'll need to effectively manage remote employees.

This is a joke, right?

Please tell me this is a joke.

I3 will hire someone anywhere in the world for one off / freelance projects, but as far as I'm aware, the core toolkit developers they've been bringing to VA. Someone please correct me if I'm wrong or this has changed.

Once we get a stable release build, plus the marketing campaign, we will be past the point where Bitshares needs to be developed by a core team in one location, imo.  At that point, the ability to hire developers as paid delegates for particular 'freelance' tasks will be incredibly useful.  (Also, hopefully we will have an order of magnitude higher market cap at that point, allowing bitshares to hire many devs to fill out its functionality without a high % of dilution).

3236
General Discussion / Re: Perspective is Everything
« on: October 27, 2014, 06:23:39 pm »
lol .. thanks @ arhag for pointing it out .. I meant to write lose :) ..

joke not intended

You even capitalized LOOSE, as if you were indicating that you knew that was misspelled but you were following the meme. :)

3237
After the words "midnight UTC" you should add "Nov 5".

3238
General Discussion / Re: [POLL] When BitShares Makes Its Move...
« on: October 26, 2014, 06:45:15 pm »
Bordering on delusional to think BitShares will succeed in the near future if Bitcoin goes into a deep depression or fades completely. What we need most right now is crypto-hype returning so we can reach a market cap capable of sustaining tens of projects with million dollar budgets during 2015. I have always had a vision that it would be crypto 2.0 that returned the hype to crypto this time around, so NXT, Counter Party, Ethereum and BitShares might be able to renew interest in Bitcoin and spark the next bubble (Bitcoin to 15 billion, NXT to 200 million, Counter Party to 150 million, Ethereum to 400 million and BitShares to 1 billion).


Exactly.  Another bubble in bitcoin helps us.  Bitcoin going to 100 would make things harder, as it would require us to gain value entirely by making new users, rather than gaining some spillover from those interested in bitcoin.

3239
General Discussion / Re: When are we going to see an "on-ramp" from fiat
« on: October 26, 2014, 06:39:57 pm »
I should probably be buying more.

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


Yes. :)

I should have bought bitcoin in 2012 when I first heard of it. 

Didn't make that mistake with Bitshares, I bought absolutely all I could and still sleep at night. :)    (And then even more when we went down to 2 cents recently).

3240
General Discussion / Re: Have we passed a centralization tipping point?
« on: October 26, 2014, 06:31:56 pm »
I3/devs have a lower percentage of Bitshares than Satoshi has of bitcoin. 

I don't think its a problem, considering that they are actually creating Bitshares, and we need them to develop it.  Without the devs, a coin is nothing.

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