with only $37,000 24h volume we are 5% down... what does it mean? ( I ask the traders to interpret what means low volume with increased price volatility)

There is a fairly popular trading method that could be in play with bitshares right now...

We had a high volume low a week ago.  It was the massive dumping on btc38.  Often times this high volume low gets retested. If it gets retested with lower volume, that will often mean a bounce will insue after the stops under the high volume low are taken out. If we had continued high volume now I would be more worried that a medium term low is not in.  But since we are seeing diminishing volume i would bet we are higher than current market price by the end of next week.  Hard to say how much higher, but I would guess we will be around 18-20 million market cap.

This method has been made popular by Tom O'Brien of TFNN.

Roger that pc.
It was just reminiscent to me of the flash crashes on wall street. It spooks investors and if there's a way, I'd really like to never see that again. There needs to be some sort of buffer, or float, a backup, some sort of redundancy that will not freak the chart (and investors) out.
Code-wise...

Bitshares blocks is a third party and you shouldn't base your investment in bitshares on that site... It is useful for finding information, but it's just a informational site.  Use your client or webwallet if you want more accurate data

Greece can't go into Bitcoin for the national currency legally .. They would first need to exit from the European union ..

I believe that is what the article is inferring.  It is most likely what is going to happen anyway.

First of all I wanted to say hi to everyone here and thank you for your insight. Second, a little disclaimer, as I and Jakub are good friends, together in business, and we talk/argue a lot about anything IT/crypto etc

That said, Jakub, I second your observations.

From a trader's perspective (closest to "my perspective" I think), bitUSD is nothing more than a BTS derivative, and although clever, it realistically has little to do with perceived safety of holding onto fiat USD. I might be stating the obvious, but lets not forget that bitUSD is not backed by U.S. military power, IRS, NSA or other shady actors working to preserve fiat USD integrity. These guys couldn’t care less about bitUSD, or worse, if stakes become high, could turn aggressive towards bit assets as means od bypassing their banking system.

So as long as BTS's rubber is still touching the road, bitUSD is actually tied to USD. However if things get shaky, and liquidity falls below a workable threshold, the "USD" part of bitUSD could as well be labelled "Donald Duck” or “princess Kenny", and it wouldn't make much difference - the dollar sign in bitUSD is a consensus thing and nothing more. I know its hardly revealing, but it brings us to what I understand is Jakub’s main point, that it's liqudity and resulting adoption that makes BitShares and bitUSD stand a chance in the market.

As of yet, the whole in-out process of dealing with Bitshares is quite geeky and complicated (we went through it a number of times), can be nerve wrecking (mailing chinese exchanges about evaporated BTC transfers using google translate  ) and for now, serves little purpose, except gambling on BTS valuation by using its internal derivatives, otherwise untradable with the outside world.

So I second Jakub's question, about how hard would it be to establish a service exchanging USD to bitUSD (even at a slightly skewed rate, given additional BTS collateral risk)? And do you guys agree that it is the only way out of the ditch we seem to have got stuck in?

BitUSD is quoted using feeds provided by delegates using data from exchanges and there is a band that bitUSD can be traded in relation to that price feed... It's far from the Donald Duck or Princess Kenny Analogy.  BitUSD is functioning very well in this super low liquidity environment already and the peg has worked even as bts has fluctuated wildly.

And to Jakub's point earlier about fiat gateways.  I believe there is a bounty being offered by the dev team for anyone who creates a gateway.  It is extremely expensive and could cost into the millions of dollars to build an on/off ramp and obtain a money transmitters license.  Forex brokers are regulated very heavily in the US as can be seen by the total of 9 that are allowed to operate.  Other countries are different, but many of the big money countries have laws similar to the US.  Look at how much VC funding some of the bitcoin exchanges have needed to attempt to get off the ground... millions.

Great to hear! Looking forward to the update

Yes, this is the start of the $100k run.

A new asset class opening up to trillions in hot money starved for yield/return just as the equity and bond markets are stretched to the breaking point.

At some point in the near future everything paper, and I mean everything, is going to correct sharply. Business cycle is ending and fundamentals/macro are deteriorating. Smart money started moving to cash a year ago.

Folks are going to be absolutely stunned at the rise of BTC over next two years.

And hopefully bts can outperform btc during the same time period.

"Do you want to trade some shitcoins??"

www.youtube.com/watch?v=3gfntBEI3Aw