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Messages - jsidhu

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121
General Discussion / Re: Bitshares price discussion
« on: October 26, 2015, 07:22:56 pm »
All cryptos getting hammered, Bitcoin going up.. Come on Bitshares! - get some legs and buy me a house already..

speaking of leg, I reckon we need some Bitshares girls (NSFW), they can use the proceeds to charge their nanocard and go shopping.. win win
brilliant idea!!
Best use of marketting witnesses if you ask me.. the girls wont know how to use the dex or dont care.. they use their cards and we get the nerds.

122
Technical Support / Re: What is the next big thing for BTS?
« on: October 25, 2015, 02:59:40 pm »
Bond market then smart contracts....

As,ong as they keep developing price will rise naturally. Software development is priced in at a premium if quality is right going forward in todays economy.

123
Marketplace / Re: [PHP] memo decryption script
« on: October 25, 2015, 04:58:28 am »
Aes with ecdh
Isnt that what the encrypted private keys in bitcoin use?... Its based on encrypting the private key based on a phrase..

Ecdh is a secure key exchange algo, Secure key exchange algorithms are used to exchange our keys securely via a non secure channel.

ECIES is an Integrated Encryption scheme, it.is a hybrid encryption scheme which provides semantic security against chosen plain text and chosen cipher text attacks.

For memos you would use ecies not  ecdh if you using existing keypairs from bts

If you need to prove the sender sent the message use ecdsa for this

124
Marketplace / Re: [PHP] memo decryption script
« on: October 24, 2015, 10:47:50 pm »
What is the memo encrypted with? can you not use your pvt key to decrypt? ecies uses sep256k1 for asymmetric key encryption

125
Polo

126
General Discussion / Re: Bitshares price discussion
« on: October 22, 2015, 09:24:46 pm »
What's the status of BTC 38 and Yunbi?  The lack of these two exchanges is contributing to the enormous short sqeeze from polonieux.  Why are they taking so long to change to BTS 2.0?

Probably still running a scam... im guessing they are selling bts taking out btc and then selling bts 2.0...

we should insist they show us their bts2.0 cold-wallet like poloniex did!  ( when they "finish" their migration)
If they don't provide details you are probably right   :( 
i can not find other convincing explanations either.

It made sense and I have been saying this for months, the mindless dumping without regards to price seemed like it was caused by someone just freeing up btc.. I believe its coordinated but I wonder who the suckers are. There are not many ppl complaining here about not being able to withdraw (to get their snapshot conversion) so im not sure what to think who the winners and losers are in this... but seems to trickle over to polo.. maybe their btc withdraws are enabled?

The bug thing I don't believe.. unless BM can say that they did tell them that, Id like to think the gig is up for them.

127
General Discussion / Re: Bitshares price discussion
« on: October 22, 2015, 08:49:15 pm »
What's the status of BTC 38 and Yunbi?  The lack of these two exchanges is contributing to the enormous short sqeeze from polonieux.  Why are they taking so long to change to BTS 2.0?

Probably still running a scam... im guessing they are selling bts taking out btc and then selling bts 2.0...

128
General Discussion / Re: Bitshares price discussion
« on: October 18, 2015, 02:34:13 am »
^

Well,



 :) ;) :)
Your price fudding worked! What price did you buy back in again?

129
General Discussion / Re: The Main Problems with Bitshares
« on: October 17, 2015, 04:34:12 pm »
If funds were lost due to an upgrade those funds should be refunded if they can prove it.

130
General Discussion / Re: Bitshres Price question
« on: October 16, 2015, 05:52:37 pm »
I bought Bitshares with Bitcoin BTC/BTS now Bitcoin is rising for some reason and what if the market cap stays the same with Bitshares? Does that mean if I go to sell my Bitshares they will be worth less since Bitcoin is going up in value? So if Bitcoin goes back up to $1000 and nothing changes with Bitshares that means Bitshares will be worth 5 times less since Bitcoin went up 5 times in value?

I'll try to explain it as simply as possible ...

+5%

131
General Discussion / Re: Cryptofresh & Video Release
« on: October 16, 2015, 06:04:26 am »
Great job guys.. We got a unique bunch here

132
General Discussion / Re: Bitshares price discussion
« on: October 14, 2015, 08:18:44 pm »
why are the fees 21bts?

any reason for that? didnt it use to be less than 1bts?

is the burning thing a new feature? so over time how can that work out if bts are being reduced?

I am really wondering right now

https://bitshares.org/technology/referral-rewards-program/

Quote
In the case of BitShares, this means setting transaction fees that are high enough to cover all costs, including the cost of customer acquisition, while still being low enough to compete against real competitors. Most cryptocurrency networks barely charge enough in transaction fees to cover the cost of running the network. They attempt to attract users with low fees. While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal.

It's a positive imo. Using the referral programme you can earn a % of the fees from everyone you refer to BitShares. $0.1 or whatever the fee is, is still cheaper than any real competitors but incentivises people to advertise and promote BitShares.

In theory great. In reality, this is a dissaster. Nobody outside of the core here will pay $80 or whatever for a lifetime membership and high fees otherwise. Perception perception perception. If the float wasn't 3 billion but 3 million, you could get away with charging 10cents or more per transaction because the fee would be .00whateverBTS.

I predict a hard fork removing the referral program within 6 months.

By the way, check out BTS 2.0 market cap. It's under dash post release. I guess not everyone got the memo. Or perhaps these changes aren't as revolutionary as once predicted.
change takes time

133
General Discussion / Re: Bitshares price discussion
« on: October 14, 2015, 04:01:25 pm »
The price is going up again?
350k coins reduced today via fees burned..

Is this good or bad? ....doesnt that mean fees are kind of high?

Burning bts to make a profit for holders is the entire purpose of BTS.  The more BTS burned the better, it reduces sell pressure.
It is a revenue model along with bts being underwriter / collateral for loans which also puts deflationary presssure on bts

134
General Discussion / Re: Bitshares price discussion
« on: October 14, 2015, 03:25:16 pm »
The price is going up again?
350k coins reduced today via fees burned..

135
Dont put large money on a web site without a backup.. Its not floating on the chain due to performance.. If you backup you can save your wallet... Luckily clearing cache is pretty hard to do by mistake.

Its a feature for me because inwouldnt want my keys being sent to some cloud storage.

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