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Messages - Troglodactyl

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286
Muse/SoundDAC / Re: NOTE Price discussion
« on: April 04, 2015, 11:39:14 pm »
What is the price of Bitshares Notes as of right now?
http://bitsharesblocks.com/asset/orderbook?asset=NOTE

About 0.33 BTS/NOTE.

287
General Discussion / Re: What's happening with the price?
« on: April 04, 2015, 08:17:43 pm »
fact is nearly all coins are in a downtrend, and fact is nxt, counterparty, mastercoin, ethereum, bitcoin foundation, etc. are struggling as much if not more than we are.. fact is everyone in crypto have underestimated the cost associated with revolutionizing finance. fact is if we all go up again to 150 million, bitshares devs would be making $10k a month. fact is there is a good chance the whole space, bitcoin included, is in its deceptive phase. fact is even at this price things are getting done that wouldn't have been without the delegate system. fact is most of the vc cash flowing into this space is going to solutions that break with honest principles, and they will suffer from centralized control down the line, just like gox did, just like ripple did, just like the bitcoin foundation did. fact is most people don't "get it" yet, and they won't until there is a new bubble, and by then we are ready with a decentralized, sound economically viable system.
almost my own thoughts. We need now to lay the bricks and mortar to be prepared if someone needs an alternative.

be prepared when the world is ready for the alternative.[/font]

I'm not sure you can blame the bear market for our poor performance since the merger.

Since the Merger on November 5th, the top alts have gained an average of 68% vs. BTC

DRK - UP 225%
XRP - UP 180%
STR - UP 125%
MAID - UP 45%
LTC - DOWN 35%
NXT -DOWN 25%
DGC - DOWN 20%
PAYCOIN - Did not exist

BitShares is the worst performer in the top 10 and has lost 55-65% in BTC terms since the merger.
(Since dilution became a serious reality obviously the numbers for BitShares are even worse and we’re down 70-75% vs. BTC) 

Bitcoin itself is down less 25% during that time.
Is there something you hope to accomplish by constantly blaming low market cap on past decisions? The fact is, it's impossible to know where we'd be now had things been done differently, and reversing those decisions now would just destabilize things further and create conflict.

288
Muse/SoundDAC / Re: April update
« on: April 04, 2015, 07:52:39 pm »
Thanks for the update!

289
Technical Support / Re: Coin total supply
« on: April 04, 2015, 03:22:19 pm »
Hello,

I could not find clear documentation abut the coin supply.
How new coins are created?
Is there any limit and time frame?

Thanks

New shares are created in each block, and the maximum number of new shares per block decreases over time, like Bitcoin.  The maximum supply that could be reached is just under 3.7 billion.  New shares go to workers elected by the shareholders to code, market, and provide services, rather than to miners.  The shareholders aren't paying workers nearly as much as the system allows, and some shares are also destroyed, so the actual maximum supply will be much lower than the theoretical maximum.

This site provides a good overview:
https://bitsharesblocks.com/charts/supply

290
This would certainly be a move in the right direction.  Sad that most consider others to be debtors from birth.

291
General Discussion / Re: Can BTS be used for website authentication?
« on: April 03, 2015, 05:03:10 pm »
http://cryptosmith.info also uses BitShares login, so you can try it out there even if you don't want to buy precious metals.

It's awesome not to need more passwords.

292
General Discussion / Re: New Voting Demo Video Just Released!
« on: April 03, 2015, 03:19:55 am »
Cool video, way too fast and aggressive though (super loud, fast music). Theres a lot going on where you cant make out whats happening which makes it look confusing.

the original version was around 6 minutes long, with no music, just dictation of what's actually happening as the voter navigates the interface. we were thinking it was too long and that most people wouldn't want to sit through it. but, would you guys like us to post that version to our youtube channel as well?

Yes, please.  It will hit a different audience.

293
General Discussion / Re: Emergent Behavior in Complex Systems
« on: April 01, 2015, 10:30:19 pm »
Coincidental but I was just this evening at a lecture about the origins of money and the thought was that while economists like to think of money as commodity, it is better to consider it an IOU. The thought was that money arose from allowing people credit and then money found its role as IOU.. emerging from commerce that would naturally be occurring. That rather than the common notion that it necessarily arose from bartering. I suspect there are important reasons to confirm the nature of what a money is that hark back to the legal status of money as we have known it but crypto-currency is what it is and those legal frameworks need to evolve to fully appreciate its potential. The promise to pay what, is rather abstracted and bound to the community seeing value but the more concrete it can be made, the more basis for confidence that tomorrow it will retain the value it has today, or some relative variation on that that is not disappeared.

A currency is a specialized language for communicating about value, and its scarcity acts as a guard against deception.

294
General Discussion / Re: Reworking the wallet trading interface
« on: March 31, 2015, 12:59:11 pm »
I like non-modal confirmation because I short to myself and want to confirm both orders at once, but that's an edge use case.

295
General Discussion / Re: food for thought - raising fees
« on: March 31, 2015, 12:33:06 pm »
Competition for the wallet with lowest fees doesn't happen until there's a large user base that's in for the long haul.  Even then, many users will just use the setup they're used to unless the fees are ridiculous.

Adding it at the protocol level is just unnecessary, and adds significant long term privacy concerns.

This is a solved problem. The model used by the light and web wallet developers will also function for referrals.

296
DAC PLAY / Re: 【Announcement】DAC PLAY
« on: March 31, 2015, 04:58:40 am »
Where do you buy some PLAY?

Great question....they need to get a market going somewhere lol

Indeed.  I'm excited about PLAY launching, but it's a shame they aren't trading on BitShares.

297
General Discussion / Re: food for thought - raising fees
« on: March 31, 2015, 03:52:29 am »
I think we should be cautious here.  We don't need to do anything that would scare our shareholders or disrupt already low volumes on the internal exchange.

Indeed.  Another advantage of using the application level approach is that it can be entirely independent.  It requires no core developer support and no delegate support, but can still fund a referral system.

298
General Discussion / Re: food for thought - raising fees
« on: March 31, 2015, 03:19:02 am »
There's a win win here.  Instead of increasing fees at the protocol level by increasing the minimum relay fee or block inclusion fee, you can raise default fees in whichever wallet you wish to market, and send them wherever you want.  The web wallet already charges non-network usage fees per transaction to pay for development, and modprobe's light wallet is also already designed so that anyone can run a light server, and charge additional transaction fees to the users who use that server.  With slight modification, any light wallet should be able to send transaction fees to the address that payed for its account registration, or to the first account they received from, or whatever other method is chosen to designate a referrer account.

Protocol level changes are less flexible and more controversial, and should be avoided whenever a solution exists at the application level.

299
General Discussion / Re: The Gathering 2015
« on: March 29, 2015, 05:42:10 pm »
There can be only one?

300
General Discussion / Re: Deposit Insurance on Bitassets?
« on: March 28, 2015, 09:37:55 pm »

Thinking out loud...

Is it possible to offer some form of deposit insurance on bitassets in the future? Would it even bit necessary? If so, how would it be funded? Should it only apply to non-trading accounts?

What exactly do you mean?  They're already collateralized.

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