We could be taking the no.5 spot soon.

DRK looks to be crashing, fell below 0.008 support level on their main exchange MintPal. 
Very little support on any of the exchanges below 0.008.

I'd rather we we're going up obv. but if we get into the top 5 it will be very good.

Vote here:
https://bitcointalk.org/index.php?topic=738375

  voted, good find!

Quote from: Empirical1 on August 13, 2014, 08:05:05 pm

Quote from: bytemaster on August 13, 2014, 06:45:16 pm

Quote from: Empirical1 on August 13, 2014, 06:38:34 pm

Won't a small BTSX crash 25%+ cause an already extremely negative market to think a dilution event could be triggered soon? Thereby creating the flash crash you'd like to avoid as everybody rushes for the exits before a potential dilution event is triggered.

I don't think any market can offer participants 100% certainity that individual assets will be be redeemed at full value. Participants will already be evaluating the peg on risk of delegate compromise, technical bug & others things. The black swan trading event is just another risk that doesn't seem worth risking BTSX total issuance for. (Even though Bitcoin has inflation, a large part of it's value is derived from the certainity of Bitcoin issuance imo.)

You said participants can buy dilution event insurance/hedge, so I would let them buy it/offer it to them at purchase myself.

Small crash will NOT create potential for dilution because all positions will have been covered and thus all "risk" consumed.

Thanks well I'm always happy to go with BM choice anyway just trying to see a different POV.

I realise a small crash will not create the potential for dilution. However a >50% flash crash could trigger up to a ~25% dilution was my understanding.

So it would be like watching Bitcoin fall rapidly from $600 to $420 and knowing that if it hits somewhere in the  $300 range a ~25% dilution event could start kicking in that takes it to $240. (& probably more panic selling after that.) 

So while at $600 there's only a 33% flash crash risk. At $400 in a flash crash there's a 33% crash risk + huge dilution event risk (relative to that price). So there's an intelligent rush for the exits after a rapid drop from $600-$420 which actually helps create the 50-65%+ drop which otherwise would be incredibly unlikely to happen.

So it seemed that we'd now included incentives for market participants to turn a small flash crash into a big one was my concern.

We could limit the maximum XTS held in collateral to limit the exposure of the network.    After all it is all about relative market cap... if there is $1 BitUSD with a $100 Million XTS market cap then the potential dilution is very small (less than 1%).   I don't think many people would fear that.  It is only when $BitUSD as a percentage of the market cap approaches something like 33% that you risk such a huge dilution event.  I think you would see a slow steady fall when USD demand is that high.

I might have misunderstood the last sentence, but yeah I don't think BitUSD approaching 33% of CAP will create a crash. I think a BTSX flash crash will be instigated by an unrelated event but at that point, the presence of 25-33% BitUSD & or other assets to CAP will become the factor that could turn an unrelated ~25% flash crash into a bigger one by the manner described above.

Don't know if it's a big issue though. Just putting it out there.

This isn't exactly good news. Money is leaving the ecosystem as a whole and adoption rate has slowed. Bitcoin prices are down despite good news and infrastructure development.

Yeah it's crypto-currency negative. I think mainstream advertising will be good for a Western audience, but I think the real kicker will be another trigger event like Cyprus on a bigger scale that will really drive DAC & crypto-currency adoption in the West. 

POS & DPOS does seem to be holding up well against POW though.

Won't a small BTSX crash 25%+ cause an already extremely negative market to think a dilution event could be triggered soon? Thereby creating the flash crash you'd like to avoid as everybody rushes for the exits before a potential dilution event is triggered.

I don't think any market can offer participants 100% certainity that individual assets will be be redeemed at full value. Participants will already be evaluating the peg on risk of delegate compromise, technical bug & others things. The black swan trading event is just another risk that doesn't seem worth risking BTSX total issuance for. (Even though Bitcoin has inflation, a large part of it's value is derived from the certainity of Bitcoin issuance imo.)

You said participants can buy dilution event insurance/hedge, so I would let them buy it/offer it to them at purchase myself. 

Global Points:

1.  I don't remember anyone saying our marketing plans involved making an infomercial.

I saw you post an 'informercial style' selling script + asking for feedback in a thread titled 'informercial mogul Kevin Harrington gets behind bitcoin' hence the confusion my bad.

Quote from: Empirical1 on August 12, 2014, 06:40:10 pm

Keeping a little something in BTSX could be a good idea. If Fiat and or banks collapse, your BTSX will be untouchable and will probably benefit as a safe haven much like gold.

Very accessible indeed - with no internet and no power grid.
Like a gold in undiscovered gold mine...

Lol. Prepping by definition involves 'preparation for many scenarios' . Power grid failure/attack/EMP are just some of many.
Many prudent preppers have some digital currency and many more can be sold on the concept because of the advantages listed above.

Quote from: Stan on August 09, 2014, 04:00:53 am

Here are a few off-the-cuff "infomercial style" selling points for why someone might want to buy lots of BTSX.

What other selling points should we push and what other types of buyers should we target?


IF YOU ARE A SPECULATOR SEEKING RAPID APPRECIATION

1.  BTSX is a better choice than Bitcoin if you are interested in rapid appreciation - it has better technology and much more room to grow.

2.  BTSX is a better choice for the growth investor than any other crypto-asset for the following reasons:

   It’s transactions are the fastest in the industry - exhilerating 10 second confirmations, not minutes or hours.
   It’s easier to use - named accounts not long crypto-keys.
   It’s transactions are completely private and untraceable.
   It spends its fees via elected delegates who compete to grow the industry rather than wasting them on environmentally unsound miners to burn precious energy resources.
   It gives some of its fees back to its holders by reducing the currency supply to increase their percentage share.
   It provides unique new services that will have very high demand - full-scale trading and low-volatility market pegged assets.
   It is part of the BitShares family of profitable unmanned companies - each reinforcing the brand recognition of all the others.  Own them all!
   It has this marketing campaign driving its growth.  No other coin does. 
   
All of these things make BTSX the best growth asset to own this fall.

IF YOU ARE A TRADER SEEKING NEW INVESTMENT FLEXIBILITY AND FREEDOM
   In a new domain where there is less experienced competition and no unfair high-frequency-trading.
   Where you can be a big fish in a new pond.
   Trade inside your "coin" without certain tax penalties associated with moving in and out of fiat until you are ready to "cash out".

IF YOU ARE A SAVER SEEKING A STABLE ALTERNATIVE TO BITCOIN VOLATILITY.
   Buy a digital asset that is market pegged to a more stable commodity or national currency.

IF YOU ARE A PREPPER LOOKING FOR A FLEXIBLE ALTERNATIVE TO OUT OF CONTROL FIAT PAPER.
   Keep your wealth outside the system but where you can easily access and use it without interference.

IF YOU ARE AN ENTREPRENEUR LOOKING TO RAISE FUNDS
   Issue your own assets and trade them against everything else.

USE BITCOIN FOR "CHECKING" AND BITSHARES FOR "SAVINGS"!
   Bitcoin has the most mature network of merchants and fiat on-ramps,
   BitShares lets you safely put to work what you don’t plan to spend right away where you control the mix of stability and leverage.
   Use the right tool for the right job.  They work together in powerful synergy.

Good Stuff, Thank you. 

  Not that I'm sure of the merits of an informericial but if there was one happening I think to have any chance of selling BTSX as speculative opportunity, you would also have to explain why a good 'speculative investment opportunity' is being presented on an 'informercial', this is the best I've come up with so far... (Excuse the hyperbole stuff, just trying to be more 'informercial')

-------------------------------

IF YOU ARE A SPECULATOR SEEKING RAPID APPRECIATION

If BTSX is such a good speculative opportunity why share it?

While it's no secret that we've invested in BTSX ourselves, unlike normal products where you just get to enjoy the benefits and we get to enjoy the profits, because BTSX is a limited decentralised currency, anybody that uses BTSX also becomes a shareholder in it just like us. So if you get BTSX at this stage, you will not only enjoy the use and advantages of BTSX but as more people adopt it, you will also experience the same potential investment returns that initial investors like us do!

The reason that it's actually in our interest as other early investors to share this opportunity with you, is because BTSX benefits from the value of 'the network effect'. The more people that use BTSX, the more businesses will rush to offer their products and services in exchange for it and the more convenient, popular and well known BTSX becomes, the more the average consumer will adopt it too, which in turn will drive its growth even more!
 
Ultimately BTSX will find a more stable level in the market with a more conservative level of average growth but this is unique opportunity to jump on the train when it has just left station. With Bitcoin, the growth spurt of turning a $10 000 speculative investment into $750 000+ took less than a year from a similar stage to where BTSX is now. However we believe that because the groundwork has already been laid by Bitcoin, that a superior game-changing decentralised currency like BTSX which is far more quick, convenient, secure, reliable and private could experience greater growth at an even faster rate!