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Messages - lil_jay890

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136
Could you shed some light on this question:

Why do you choose to buy back obits instead of distributing dividends to obits holders?

As far as I know there are plans. however, no one implemented dividend function yet, so this is out of question

From what I have gathered...  Peerplays is working on the dividend function and BTS will adopt it once it is finished/tested.

137
General Discussion / Re: Bitshares price discussion
« on: August 30, 2016, 03:08:56 am »
I assume this bump is due to the peerplays sharedrop. What are your thoughts as to how much of this new influx will stay after the sharedrop date ends?

Why would people buy BTS for the peerplays sharedrop?  It's 5%... if they think peerplays is worth that much than why wouldn't they buy peerplays outright?

The 5% drop is more of a hat tip than anything

138
General Discussion / Re: Compuceeds and Compumatrix
« on: August 26, 2016, 02:34:37 pm »
This post was copied from here:
http://forum.compumatrix.co/index.php?topic=453.0

We are happy to announce another way to earn activity points. This is through our partnership with the World Community Grid.

The World Community Grid's mission is to create the world's largest public computing grid to tackle projects that benefit humanity.

Our work has developed the technical infrastructure that serves as the grid's foundation for scientific research. Our success depends upon individuals collectively contributing their unused processing power to change the world for the better.

World Community Grid is making technology available only to public and not-for-profit organizations to use in humanitarian research that might otherwise not be completed due to the high cost of the computer infrastructure required in the absence of a public grid. As part of our commitment to advancing human welfare, all results will be in the public domain and made public to the global research community.


How Grid Technology Works

Making a difference has never been easier! Grid technology is simple and safe to use. To start, you register, then download and install a small program or "agent" onto your computer.

When idle, your device will request data on a specific project from World Community Grid's server. It will then perform computations on this data, send the results back to the server, and ask the server for a new piece of work. Each computation that your device performs provides scientists with critical information that accelerates the pace of research!

World Community Grid supports research that is:

Focused on solving problems to benefit humanity;
Conducted by public or nonprofit organizations;
Contributed to the public domain; and
Accelerated by grid computing technology.

Research projects that benefit from grid technology are those that perform computations that require millions of computer processing units (CPUs) and that can be divided into smaller independent computations.



Examples of potential fields of study include:

New and existing infectious disease research - development of treatments for HIV/AIDS, Malaria, Severe Acute Respiratory Syndrome (SARS), etc.

Genomics and disease - functions of proteins that are coded by human genes and how they might relate to cures for common diseases

Environmental research - meteorology and severe weather warning, pollution, remediation, climate modeling, and others

Natural disasters and hunger - earthquake warning, information on improving crop yields and livestock production, and evaluation of the supply of critical natural resources such as water

Please note that the forum thread for the Compumatrix Global team on World Community Grid is:

http://www.worldcommunitygrid.org/forums/wcg/viewthread?thread=36228

Please do introduce yourself and your Compumatrix Business on that thread.

Encourage your friends and colleagues to help your team!

If they already participate in the World Community Grid, then copy and paste the web address below and send it to them in an email. All they need to do to join your team is click on the web address and then click on the join now button on the page that appears.

http://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=N13140HGJ32

If they have not yet joined World Community Grid, then copy and paste the web address below and send it to them in an email. When they register, the team will be automatically selected for them. Let them know that they will still need to download and install the World Community Grid software.

http://www.worldcommunitygrid.org/reg/viewRegister.do?teamID=N13140HGJ32

Please note that they need to be a part of our Compumatrix Social Network (compumatrix.us) in order to earn activity points from us and monetize it via production, sales and marketing of our Virtual Prepaid Load Cards. Sales Commissions are sent to your Compumatrix eWallet which you can use to purchase real-world and online products and services on our growing global merchant network.

Make sure that you use your compumatrix username

Note: If it won't take you compumatrix username and you use something different you will need to email terry@compumatrix.us and let her know the username you used so that you will receive credits for your WCG points.

Henry James (Founder)
February 2, 2014 12:41 pm

Personally if I am going to be contributing my computers resources to a science project, it would be one that utilizes gridcoin.

Gridcoin has been around for a while and works with the BOINC grid... Which is a proven grid.

139
Greetings. Some of you might recognize me from Fuzzy's weekly hangouts.

Since Steem took off, Dan has only shown up once, a couple weeks ago when Jeff Berwick was there. Completely understandable as this wild Steem experiment is just a little baby, but I have been missing the weekly Bitshares updates.

Chris and Ken at Bitshares munich/blockpay, and Ronnie at CCEDK and others, talk bitshares from time to time, but I thought the production could use a weekly update.

So I posted to Fuzzy's weekly upvote for speakers/topics thread on steemit:

https://steemit.com/beyondbitcoin/@officialfuzzy/guest-signups-beyond-bitcoin-hangout-170-8-26-16-rsvp-to-friday-s-hangout-ask-q-s-suggest-topics-or-promote-your-favorite

So please consider participating via showing up and talking or typing, and/or making comments on the steemit thread about what topics you would like covered.

Maybe Dan can come on and talk about why Steem has been crashing for the last month

Or maybe he has just been busy creating the next investment for his new found flock of steem sheep to chase

140
Random Discussion / Re: Your opinion on Bytemaster
« on: August 24, 2016, 01:57:19 pm »
I think Dan is a brilliant guy.  The products that the he has brought to the blockchain are innovative and disruptive.  While I think steem has some major flaws that will hinder it's growth, it still is a disruptive idea.

Dan also seems to have a good morale compass as he does seem to be trying to make society better.  The issue that I have had with Dan is that he isn't the kindest to his early investors and shareholders.  The other thing that got me is that early this year he said his new years resolution was to be a better leader for bitshares, but he ended up leaving a few months later after developing steem.  Also he championed sharedropping for years, then the first product he developed he abandoned the sharedropping philosophy.  The people who invested with Invictus and Dan early on were the ones who were really hurt by his attitude towards investors.  Many believed in Dan's vision, but ran out of capital to invest in his "next" project. 

The other issue I have was that Dan said the bitshares worker program was broken and it was impossible to attain consistent funding.  He never even created a worker proposal to try to prove his position.  How can you say something doesn't work if you never even try it?  I think Xeroc, Dan Notenstein and SVK have proven that the worker program does work.

Bottom line is I think Dan is a brilliant guy in many respects.  He just needs some improvement with investor relations, which could be handled by a completely different person in order for him to focus on what he excels at.  I believe if he improved his investor relationship skills, he could reach his goals much faster.

141
General Discussion / Re: BitUSD & PTS kicked out of poloniex
« on: August 23, 2016, 06:02:51 pm »
please dont make me angry lying,

PTS always have trading volume there.

fav cant control what makes YOU angry. 

And PTS has been averaging less than $100 a day on polo.  They are well within their rights to remove low volume coins as the maintenance outweighs the benefits.

142
Muse/SoundDAC / Re: Tired of waiting for any dev't WTS MUSE
« on: August 23, 2016, 02:01:39 pm »
Any takers? 20k muse @300 sats each

How about 30 sats instead? :)


MUSE is already market-driven. I'm not that stupid. So get a life.

That's questionable, nobody is going to buy your bag for that insane price. Best of luck. :)

So you believe that at some point in time MUSE will never reach even 300 sats each?  Are you also conceding to the realities of DAC failures and MUSE in particular?

I don't think he was saying anything about the future price.  You told him to "get a life" when he offered you a price that isn't that far off from the market price, when in actuality your 300 satoshi price tag was much further off.

If all you have is 20k muse... I wouldn't be to bummed about your investment.  It's  $14 worth.

143

So the marketcap valuation of this ICO is ~ 5.8 million USD or is my math wrong?  For licensed software?  SO they're not using BTC, but they're using their own tokens... which has no guarantee you can sell them for the price you purchased?

Not trying to be a hater, just started following ICOs more closely recently and trying to wrap my head around this and see if it makes any sense.

This is the same thing that blockpay is doing.  They are selling tokens at a specific bitcoin price.  They have extrapolated what they think they will need to make the project a success and selling their tokens for that price.

I'm still at a loss for how a company can give itself a valuation based on the funds needed to complete a project.  The market value  of the end product != the cost to create it.  The value could be higher or lower (my guess is lower for 90% of all the projects that follow this method).

144
Muse/SoundDAC / Re: Tired of waiting for any dev't WTS MUSE
« on: August 22, 2016, 03:03:21 pm »
Any takers? 20k muse @300 sats each

How about 30 sats instead? :)

MUSE is already market-driven. I'm not that stupid. So get a life.

Well if your trying to sell for bitcoin... the only market is open.muse to open.btc.

That markets only realistic bid is at 20 satoshis, so makmaks offer wasn't that far off.  You could probably get a better deal if you traded for BTS.

145
Please be aware that following accounts are likely scams:
* https://cryptofresh.com/u/block-pay
* https://cryptofresh.com/u/ico-blockpay
* https://cryptofresh.com/u/bts-munich

Is there an action to protect the integrity of the platform that marks fraudulent accounts?

I nominate you to be the chairman of that action committee

146
General Discussion / Re: Compuceeds and Compumatrix
« on: August 19, 2016, 04:18:14 pm »
And Xeroc,
Why did you say it the way you said it? It almost seems like you don't want people to invest in STEEM Power, but you are a Witness for STEEM. Did you just want it to sound like I was completely wrong and are willing to sacrifice investment in STEEM to make me wrong? 10% interest is still a pretty awesome gain on a $10,000 or $20,000 investment, but the way you phrased it you made it sound like I was leading people to a bad investment. And again, you are heavily invested, so that is just confusing.

9 out of every 10 steem created go towards Steem Power.  Steem is created everyday and is the token value you see on CMC.  That token value will decrease if the market cap stays the same (because there are more tokens).

Yes you will have 90% more steem tokens, but the token value will always be trending down (unless a large buyer comes in and buys a bunch of steem).  It doesn't matter if steem is inflating by 100% or 10%.  Steem power holders get 9 out of every 10 tokens created.

Bottom line, there is not gauranteed % return.  Just a guarantee on how many tokens you will get.

147
General Discussion / Re: Compuceeds and Compumatrix
« on: August 19, 2016, 03:27:27 am »
Over the next couple of days I am going to start withdrawing and putting some money in to STEEM Power. I'm thinking like $10,000

Anyone else here using Compumatrix should think about investing in STEEM Power. You get a 90% interest rate, so say you have $20,000 from Compumatrix that you are trying to figure out how to invest. If you put it in STEEM Power, next year it could be around $40,000 and if you buy STEEM Now it is under $2, so if you get it now and it goes up to $3 and $4, and it could even go to $5 or $10 or spike to $20 at some points, then you could have way more than the $20,000 you invested.

Lol if that was they way steem actually worked then Bytemsater will have finally achieved his goal of programming automatic profit...

148
OPENPOS will be dead?
Why buy back but not share drop?

OPENPOS will still maintain its original function.  It will receive 50% of all fee's generated by the Oodoo terminals.  This works out to OPENPOS having nearly 200x the earning power when it comes to Oodoo fees vs Blockpay.

149
OPENPOS was originally suppose to get 50% of all fee's generated by the Oodoo terminals.  What happened to that?  What if we choose not to sell our OPENPOS?

The problem I see is that you are only allotting 0.6% of the total supply of blockpay tokens to OPENPOS holders.  OPENPOS holders should receive at least 20% of the total supply.

  Also based on your math... you are valuing each block pay at approx $0.216.  Giving you a valuation of approx $21.6 million at ICO time.  How do you come to this sort of valuation. ?

I'm still wondering why you are valuing Blockpay at $20million dollars...

The first crowd fund for OPENPOS gave you a valuation of approx $50thousand.  Do you think your current product suite and development justifies this massive increase in valuation.  It's extremely high in my opinion especially considering the funding environment for tech start ups.

150
OPENPOS was originally suppose to get 50% of all fee's generated by the Oodoo terminals.  What happened to that?  What if we choose not to sell our OPENPOS?

The problem I see is that you are only allotting 0.6% of the total supply of blockpay tokens to OPENPOS holders.  OPENPOS holders should receive at least 20% of the total supply.

  Also based on your math... you are valuing each block pay at approx $0.216.  Giving you a valuation of approx $21.6 million at ICO time.  How do you come to this sort of valuation. ?

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