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Messages - Mrrr

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46
General Discussion / Re: Nodeshares
« on: April 11, 2014, 05:34:00 pm »
Quote from: delulo on April 11, 2014, 03:15:53 pm
BTS to Fiat echanges are being set up - The Project is called Bithaus. Domsch here on the Forum is doing it...

Cool, didn't know the project.

Still, I maintain, that the market price of BTS on the above exchange will be entirely dependent on the health of the bitcoin network.

To make a sloppy analogy: imagine a world where rare metals wouldn't have an industrial use, and wouldn't be regarded as pretty. Gold would have no value, and neither would platinum.

47
General Discussion / Re: Nodeshares
« on: April 11, 2014, 03:12:00 pm »
Quote from: biophil on April 11, 2014, 02:31:54 pm
I'd guess this will be a hard sell around here. If Bitshares is to become what we all think it can be, it can't rise and fall with bitcoin! Initially, yes, bitshares will have important links to bitcoin, but if all works as planned, that won't last long. :)

Sent from my SCH-S720C using Tapatalk 2

At this point, with the total crypto economy valued at a meager 7 (?) billion dollars, we shouldn't be regarding other crypto's as competitors. Since the real competitor is our current economic model.

For the foreseeable future, Bitcoin is the crypto community's only way to achieve mass adoption. And in order to get there it needs all th support it can get. Our bitshares will only have value because they can be traded against BTC, which in turn can be traded against USD/EUR/Whatever.

I understand it is a hard sell, but it is so damn important.

48
General Discussion / Nodeshares
« on: April 11, 2014, 02:24:42 pm »
In order to help keep the Bitcoin network healthy Counterparty just launched the Nodeshares initiative: http://nodeshares.com/
https://www.counterparty.co/full-bitcoin-nodes/

Of course Counterparty is a BTC 'parasite' and you could see this as an attempt to further legitimize Counterparty. Still, its a good thing.

I3 doesn't build on top of BTC, but it is obvious to me that any crypto stands and falls with the success of Bitcoin.

I think I3 should support this initiative.

49
General Discussion / Re: Automated Hydroponics
« on: April 07, 2014, 08:40:05 pm »
Quote from: fuznuts on April 07, 2014, 11:52:37 am
Interested in thoughts on utilizing Blockchain technology and systems similar to the AngelShares funding model in order to fund the development of community-automated hydroponic farms. 

I realize this is another instance of "the vending machine" problem that has been covered elsewhere in these forums, but I hope we can continue banging our heads against this "problem" until we can find some resolution.

Take the links here, for instance:  https://www.youtube.com/watch?v=o1QXCnC-2h4   and  https://www.youtube.com/watch?v=8P2uE5LdHrs

Could a community effectively fund the building of these farms with an AngelShares funding model, use their computations to help with automation of the processes for seeding, growing, packaging, processing purchases and sending product to local stores or individual residences? 

Just a thought...
This would be more similar to projects like GridCoin with the BOINC protocol (and therefore not truly a DAC--as bio mentioned to me in my "what is a DAC--part 1" explanation ...but that does not mean it wouldn't serve its purpose when the tech is fully operational (in my idealist mind) and provide at least a higher level of decentralization via localized production with community ownership.

Awesome. I have a series of about 8 beer mats somewhere (can't find them at the moment) produced by a qualified engineer, a qualified philosopher, a broke (but qualified) artist and a certainly qualified alcoholic. Since I have a basement which is unused and I'd rather not grow weed or anything else that could get my contact nullified we sat down and figured a hydroponics farm entailing 3 1m3 plastic tanks (40$ each), a couple of pumps some tubing and a couple of lamps. A watercooled crypto-mining operation (and the growing lamps) next to the tanks would provide the rucola and tilapia with heat, while at the same time the farm would make use of the excess heat from the crypto-mining.

You'd have two different operations feeding on each others waste, DIY doable in a 10m2 basement.

50
General Discussion / Re: Let's Talk Bitcoin: Too Many Coins?
« on: April 05, 2014, 10:18:32 pm »
Ethereum got the brag, counterparty got the product. I3 got the bright ideas.

Once Bitshares is up and running it will surely get the attention it deserves.

51
Random Discussion / The TRUTH about the US economy
« on: March 13, 2014, 10:28:53 pm »
https://www.youtube.com/watch?v=cJyGoGPXTj4

KRAFT controls half the flour supply in the USA, this must be stopped...

52
General Discussion / Re: BitAsset Predictions & Speculation
« on: February 13, 2014, 07:53:41 pm »
nr. 4, what we're trading here is not value; its trust.

Gox is offering a nice case:

GOXBTC used to trade 10% above USDBTC. In the eyes of investors, a GOX IOU for a BTC was worth more than an actual Bitcoin. Now shit has hit the fan. A GOX IOU now trades 15% below market. Even worse: bitcointalk has a topic now where users trade account balances at 80% of GOX/USD.

In order to have BIT/USD trade at a premium III will have to attain a level of trust higher than that of the FED.

53
Keyhotee / Re: Any thoughts on twister ?
« on: February 13, 2014, 06:27:04 pm »
Last time I played twister with my niece I got 5 years in state prison so no way I'm clicking that link.

54
General Discussion / Re: what do you think about counterparty(XCP)?
« on: February 13, 2014, 05:34:29 pm »
Quote from: CrazyBit on February 12, 2014, 12:48:03 pm
the command line version counterparty has been released for some time,some features the counterparty provided are similar with BTS, e.g Smart Asset(BTA),dividend, and no fundraiser was conducted before releasing the client, the guys who joined the earlier POB activity have 7x investment return.

If you manage to figure out exotic stuff like Linux and Github and command lines and everything. I look at my XCP everyday on blockscan.com. So pretty yet so unreachable :)

55
General Discussion / Ethereum IPOIPO
« on: February 13, 2014, 05:30:03 pm »
This keeps getting more hilarious:

https://bitcointalk.org/index.php?topic=463705.0


56
General Discussion / Re: Estimated Price of 1 Bitshare
« on: February 11, 2014, 04:36:34 pm »
I don't expect BTS to start trading for 0.045 (average BTC/AGS*5) but I do expect it, if BTS is properly released, to trade above 0.009 for the simple reason that people who are funding the IPO now are taking a sigificantly higher risk than people who will buy afterwards. For a change III has something more to vouch for it than a bitcointalk forum post so that negates the risk factor significantly, but I can't image an initial price below IPO.

Since its a small step from 0.009 to 0.016 I'll put my money where my mouth is and use BTC to buy more AGS, and then use more BTC to buy more PTS since they are, according to my own logic, currently undervalued.






57
General Discussion / Re: Estimated Price of 1 Bitshare
« on: February 11, 2014, 03:45:56 pm »
my 5%:

I just received a newsletter from Ethereum that didn't contain the news that was promised. IPO still postponed until further notice.

Counterparty is doing a great job at its Alpha release. Happily coding away on unforeseen problems that come with the concept of a distributed exchange. I'm quite sure the III team is watching and learning. XCP meanwhile is selling at 5x the IPO price. Which is nice of course for the fools that burned their money away, but also tells us the community is still very much anticipating DEX' advent. While Counterparty is the first functional DEX its very far from a finished product.

IDK where MSC and NXT are at at the moment but I think that should III manage to release a coherent, functional and user friendly DEX within the next 2-3 months or so you need not worry on the ROI of your Angelshares. Funding crypto IPO's is a very high risk business, and the market tends to reward bravery rather generously (NXT, MSC, XCP all made a minimum 500% ROI directly after the IPO).

Considering that all DEX related cryptos went through the Mt. Gox crash without a glimpse I don't really see where this could go wrong other than Bytemaster ODing on Twinkies and Mountain Dew.

58
General Discussion / Re: Video - Invictus Questions Vitalik of Ethereum
« on: February 11, 2014, 03:08:23 pm »
Quote from: Empirical1 on February 11, 2014, 03:47:40 am
Great video, I don't understand some technical aspects very well, so this might be a dumb question.

1. Exchanges are already running their own trading systems that only reference the bitcoin network when bitcoin are deposited or withdrawn from the exchange. So exchanges could in theory run their own separate blockchain which would be more transparent and verifiable while your funds are in the exchange system and only reference bitcoin when you withdraw or deposit bitcoin from that exchange/possibly future blockchain. Is this kind of how off-chain stuff could work?

As to why new dacs might attach to Ethereum...

2. Is ethereum's USP maybe that it's being done with Goldman Sachs involvement?

What if GS make Ethereum the only legal 'base' crypto and Goldman Sachs also give it the only legal Western crypto to fiat gateway/exchanges.

So the only legal Western exchanges are run by them and you can only trade fiat in and out of Ethereum. (They make laws so that the only Crypto Western online retailers can legally accept is  Ethereum as well.)

Then lots would tag onto ethereum because whatever virtual assets/dacs they create will have to be traded out into ethereum if people want to exchange them for fiat or buy stuff from large online businesses.

2> I believe the only people who are, at this moment, having problems getting fiat in and out of the system are people outside of (western) Europe. Germany for example has bitcoin.de, an exchange ran by Fidor Bank, all perfectly legal. I just sold 100EUR worth of BTC to a webshop here in the Netherlands. Fill in bank account; send BTC; money is on my account within the hour. Buying goes just as easily and instantly through my online banking account. All perfectly legal.

The issues, and dangers, seem to lie in the USA's antiquated banking system and its reliance on Credit Card companies. So indeed you should keep a sharp eye on a private party attempting to hijack the gateway system. People are worried about BTC becoming centralized, where they should perhaps worry about they attempts at erecting a wall surrounding the ecosystem. Where you either buy from a corporate gateway or buy from the back of a trunk.

59
General Discussion / and the Flash Crash award goes tooooooo:
« on: February 10, 2014, 11:29:50 am »
Protoshares! Only 2.64% down in the wake of the Mt. Gox press release!



EDIT: 2 minutes later and its actually up 3%, but well, you get the point :)

60
Marketplace / Re: 1 PTS per Typo-Fix Pull Request Submitted to invictus.io
« on: February 07, 2014, 04:15:19 am »
This sticky:
https://bitsharestalk.org/index.php?topic=1863.0

3rd (angelshares) link links to a 404:

http://invictus.io/funding-angelshares.php


idk whether this qualifies as a typo but:

PaiBidXfL6f3BrnyCGgkN5B6vzkz6zEY5F

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