Quote from: lil_jay890 on June 22, 2016, 06:32:11 pm

  I have to be missing something because I can't see why anyone would ever short this product...

For same reason they short bitUSD, bitCNY etc: to gamble on BTS volatility.

But like chronos said, why wouldn't they just continue to short the weaker fiat currencies instead of a "sumo" or "maxo" that is constantly appreciating?

Only reason I could think why they would short would be because there would be ample amount of "sumo" or "maxo" to cover with, but even then it seems like the coins would be in such high demand that no one would be willing to sell them.

Quote from: lil_jay890 on June 21, 2016, 04:27:03 pm

I think the problem is that Chronos still hasn't updated the video where he says "distributed proof of stake".
The video is very good otherwise and I think its a great explainer.  I disagree that it is boring.  The videos should be added to the bitshares website.  That would drive more traffic.  Just because there are few views now doesn't mean it is a bad video.  It just hasn't been promoted and utilized.

Once again: I appreciate hard work (i know it is).
From my outsider perspective it looks like a job for a buddy. I'm just saying what i think and how i feel about this. I'm sure many potential investors lurking this forum and some of them seeing this same as me. I think you're giving blockchain's money to easy. Things like this could be founded via steemit.
It is boring... like a lesson... bla bla bla bla bla - most people hate to learn  - they will not watch this.

I wouldn't attempt to fund anything via steemit until later this year and especially after we see how the July 4th thing goes.

Also, something just doesn't seem right that people are getting paid thousands of dollars to post on a forum and get upvotes.  I've been looking through many of the articles, and none of them are worth what they are being posted as.  Maybe i'm wrong, but I would rather wait to see if steemit is actually legit.  I know it says you are getting paid in dollars, but in actuality it is steem dollars.  The liquidity and ability to convert those to real dollars remains to be seen.

Quote from: lil_jay890 on June 16, 2016, 05:52:50 pm

I love posting to BTS bulls... They defend their investment like it's their only child.

People have been screaming "rock bottom" since 30 million market cap.

and OkiDoki,  I've already divested a significant amount of BTS into other projects.  And you are probably right about bank stocks being a better investment now than BTS.  Government bonds would be better too since you won't be down 20-50% in a month (unless the world blows up of course).

Jay, to be down 20-50% thats crypto bussiness....you will not shot perfectly.....2014 I was down 90%  fucking scary

Many people here are down 90%... Many have gone bust because of getting margin called (either by poloniex or bugs that were in the DEX).

Point I'm trying to make is that bitshares is in a huge downtrend that has gone lower and will probably keep going lower than anyone thinks.  It's consistently the one of the worst performing currencies during rallies.  Lower highs lower lows.  Even Dan Larimer says there is no reason that the bitshares token should have a high market cap even IF the network gets big... I don't get why people continue to try to fight this trend and pick a bottom.  BTS has crushed so many people who have tried to do that.

This could all change if people started thinking about how to make bts a profitable company... because right now its a charity.  Maybe it starts performing better after the merger ends, but other than that I don't see any reason for the BTS token to have substantial value. 

Can someone please explain to me why it should have a high market cap (we can already see increased network usage != higher market cap)? 

Hold your cash... I think we see BTS sub 7 million market cap much sooner than we see 14 million.

The trend of lower highs and lower lows will most likely continue.  Especially if the bottom falls out of bitcoin when people realize that the halving was baked into the price.

Quote

BTS is operating at a loss every day via workers and witness's.

This is a tiny 150K BTS per day. It will take ~30 years to deplete the reserve at this pace. Revenue will increase by huge amount when transaction rate will increase from current few hundreds per day to millions per day. And the main source of delusion is not tiny spending budget, but the release of vested balances from merger.

I'm just trying to point out why we are seeing network growth without BTS token market cap growth.  Obviously its a great deal right now if you are an asset issuer, that's why I have divested much of my BTS into other projects on the DEX.

Until you see an actual reason to hold BTS (the best reason would be distribution of future profits), the token will languish.  If we could subsidize liquidity for 3 or 4 of the smart coin markets, we could increase the trading fee's to 5 or 10 cents a trade.  Traders would happily pay that as it would be much less than the commissions they currently pay.

ok,

now we can start talking about this....

I have some btc to buy a little more..... but if bitshares starts to go obscene beyond down from what I expect  Im going to sell my motorcycle whitout a thought. 

Sell your motorcycle so that you don't die... don't sell your motorcycle to buy BTS.  We've already had at least one person who has sold his vehicle when BTS was trading at much higher levels...

Quote from: lil_jay890 on June 13, 2016, 07:33:38 pm

Quote from: merockstar on June 13, 2016, 07:25:21 pm

Quote from: 70231f697a2b3c2b on June 13, 2016, 05:43:09 pm

Quote from: merockstar on February 02, 2016, 10:56:26 pm

Does anybody know if there is a technical reason magic constants and magic numbers are bad?

In addition to the reasons you cited, I will add one more:  If other people need to read/maintain your code, it may not be obvious to them what the magic value means (even if it seemed obvious to you when you wrote it), and you may run into situations where another developer (or, after enough time has passed, you) tries to "fix" your code because they don't understand what it is supposed to do.

Take a look at http://programmers.stackexchange.com/q/266717/ and http://programmers.stackexchange.com/questions/251540/ for some good discussions on magic constants.

But it's pretty much just for clarity and preventing your code from turning into an enigmatic riddle, and poorly written but logical code that uses lots of them will still compile and run just fine at the same speeds, right (not that I am advocating their use)?

Anyway, I need to try a new book. I don't care what programming language. My only two requirements are that it be a well-written/gripping read, and a consistent, current, and in depth enough book that if I work through it, I'll be at a point where I can write almost anything by supplementing my knowledge here and there independently.

Open for recommendations.

A gripping coding book??? Not sure if one exists lol.

I can't complain about "beginning Javascript"  The examples are interesting and useful and it moves at a good pace.  I actually feel like I kind of no what I'm doing when I write a program from scratch.

It's cool to be able to write the code and then immediately interact with the program through the browser.  The mainstream browsers also have some decent debugging tools to.

I know you wanted to learn C++, but I think if you started with javascript first that it would keep your interest longer.  There seem to be lots of real world examples to either practice on or emulate.

Personally I almost quit because it seemed like I wasn't getting anywhere, but I just kept doing at least 1 or 2 pages each day and eventually I gained some confidence and started to improve.  Doing a little (maybe only 15 minutes or so) each day or every other day definitely helped.

that sounds like a good idea. maybe I'll take a look at javascript. codecademy really did a good job of holding my interest for python but it wasn't comprehensive enough. it basically left me at the same point that I'm at with every other language I've ever tried to study. earlier in the year you mentioned a similar site to codecademy, but oriented towards javascript, how did that pan out for you?

It's an article called "learn JavaScript properly" on the website JavaScriptissexy.com.

It is basically a lesson plan giving specific steps on how to learn JavaScript. It even tells you what chapters of the book to read and when to use codeacedemy as a supplement.  If you are looking for a solid structured plan to learn JavaScript, I think this course is a good fit.  Best of all it's free, other than the 35 dollar text book that i bought off Amazon.