I want to own bitgold, not bitusd. Biitoil, bitsilver maybe even bitrmb.

This is the reason I started the thread. Of course it is much simpler and easier and private to own bitGold rather than using BullionVault (for instance).

But if the (BitShares) system collapses due to the very reason that you're purchasing gold for [fiat currency, in particular de dollar, collapsing spectacularly]..

I'm confused, from memory (crap connection atm, can't really YouTube) one of the bitshares.tv videos mentioned that if BTS lost ~60% value in a few hours, then the system would collapse -- they even contrasted it with Bitcoin, being as volatile as it is, never having experienced such an event.

Today I was wondering what would happen to the BitShares ecosystem, should the dollar experience hyperinflation.

If the information that the system will hold as long as BTS does not lose ~60% of value in a few hours is still correct, would this not spell the demise of the system in the case of hyperinflation followed by occasional (almost necessarily severe) bouts of deflation?

In other words, is the whole BitShares ecosystem tied to the fate of the contemporary elastic government/central bank-issued paper money?

bytemaster, would you elaborate in which aspect(s) are bitshare(s) lacking, and whether the current design has nonrecoverable fatal flaws?

Quote from: karnal on April 11, 2015, 05:08:44 pm

Quote from: sudo on April 10, 2015, 04:46:40 am

Quote from: Ander on April 10, 2015, 03:56:46 am

Imo, if your BTS is in Bter or Btc38, you dont actually have BTS.

   just IOU

I learned early on by being MtGoxed, so you'll never find any of my $CRYPTO sitting in an exchange any longer than necessary, but I do wonder.. if nobody kept anything at the exchanges, how would the price maintain itself?

You know bitshares has a dex? This post is the reason bitshares hasnt taken off yet.. Need moar marketing

Sure.. an *internal* dex. How does *that* set the price of BitShares in EUR, USD, or BTC, and more importantly, since you can't use any of these to buy directly at the dex, why should anyone care what the claimed BTS<->BTC BTS<->BitUSD and BTS<->BitEUR (etc) price is, in the dex, when purchasing from outside the system?

Are you running some sort of blacklist software?

It might be Cloudflare-related, though this is a new problem.. usually it's just the annoying captcha, a site loading up blank is new.

I am not sure if the site administrator (bitsharesblocks.com) realizes this is so, but accessing over Tor yields a blank page, even after filling Cloudflare's stinky captcha.

Please consider fixing the webserver configuration and allow Tor users to reach the site.. thanks.

Please consider implementing https://github.com/BitShares/web_services/issues/24

I'm not sure most new users realize it's a fully transparent account that they're registering!...