211
General Discussion / Re: Come on and build the channel to USD fiat world.
« on: March 12, 2017, 07:45:12 am »
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212
General Discussion / Re: [ANN] BlockPay -Your favorite store can now accept any crypto thanx to Bitshares
« on: March 10, 2017, 11:11:03 pm »
Serious congratulations for BlockPay kencode
BitShares need more business people like you
You're a pioneer
Best BitShares product. An actual economic benefit to existing fiat companies to use the bts blockchain.
BitShares need more business people like you
You're a pioneer
Best BitShares product. An actual economic benefit to existing fiat companies to use the bts blockchain.
213
General Discussion / Ah so you're not so bullish on bts anymore?
« on: March 09, 2017, 02:28:59 pm »
EDIT: I'm making a Step By Step Guide on how Crypto-Traders currently using centralized exchanges can switch to BitShares.
Ah so you're not so bullish on bts anymore?
I still like the fundamentals.
The price dropping to so low in sats doesn't suprise me either. Bitcoin is only just gaining legitimacy among the general public.
Bitcoin is bound to be having a few booms; more and more people are finding out about crypto and the only one that legitimate 'financial gurus' have written anything about is Bitcoin.
I think there are 2 steps to a fiat-using normie into becoming a bitshares-user.
Step 1
First, the most financially literate normies read their favourite financial newsletter; which tells them the hot stock picks of the month, best mortgages and potential speculative investment.
I've seen more and more of these financial newsletters discuss gold, and discuss bitcoin. Once these readers have a laymans understanding of bitcoin, they trust their newsletter guru and then they take the plunge to invest in bitcoin.
These financially literate normies then tell their family and friends about bitcoin. Why it's a good buy, how to use a paper wallet to store it.
Step 2
Some time passes, and the bitcoin holding financially-literate newcomers now have a grasp of the crypto economy. They can find analogies to the legacy-financial sector.
They see that the BitShares DEX is just an exchange with incredibly low usage fees, speed of transfer in, and out, of the exchange, and private key security.
They use BitShares to execute the trades they read about in their favourite financial newsletter.
These trades profit BitShares by way of increased liquidity on the DEX, tx fees, advertisement exposure (word of mouth),
"Hey, bts is great! I want to invest in the underlying asset. I've told all my trader friends about BTS."
Every human can benefit from using the DEX. A bank account, insurance fund, anti-fraud gift cards, ID, provable randomness, etc, etc.
Once the teachers of the world understand, everyone they teach will become crypto-literate. BitShares is a leading product in that market.
Maybe its 10 years away, maybe it's much sooner.
Crypto is an idea, ideas spread quickly.
All of the infrastructure already exists.
=================
I think BitShares' value is in its derivative exchange. A derivative exchange is a somewhat advanced feature of an economy. The crypto econonomy is still rather tiny on a global scale.
As I see it, all new investment in crypto is excellent news for all crypto holders.
Once within the crypto economy I believe more and more people will become crypto-literite and then make the nuanced decision of which crypto is best at performing a number of different tasks.
I think BitShares is by far the best choice for >50% of those financial services that customers will be looking for.
The Main Risks in not achieving this goal:
1) A competitor crypto builds a DEX that performs all market functions, at a 'just good enough' rate. I.E a shitter product that has a better marketing scheme.
2) BitShares depends on the human effort of it's shareholders.
If BTS Shareholders give up, or lay dormant long enough that a competitor has time to race ahead.
I'm confident that BitShares has the best product, the best management tools and the most freedom.
A lot of the momentum seems to have gone
Ah so you're not so bullish on bts anymore?
I still like the fundamentals.
The price dropping to so low in sats doesn't suprise me either. Bitcoin is only just gaining legitimacy among the general public.
Bitcoin is bound to be having a few booms; more and more people are finding out about crypto and the only one that legitimate 'financial gurus' have written anything about is Bitcoin.
I think there are 2 steps to a fiat-using normie into becoming a bitshares-user.
Step 1
First, the most financially literate normies read their favourite financial newsletter; which tells them the hot stock picks of the month, best mortgages and potential speculative investment.
I've seen more and more of these financial newsletters discuss gold, and discuss bitcoin. Once these readers have a laymans understanding of bitcoin, they trust their newsletter guru and then they take the plunge to invest in bitcoin.
These financially literate normies then tell their family and friends about bitcoin. Why it's a good buy, how to use a paper wallet to store it.
Step 2
Some time passes, and the bitcoin holding financially-literate newcomers now have a grasp of the crypto economy. They can find analogies to the legacy-financial sector.
They see that the BitShares DEX is just an exchange with incredibly low usage fees, speed of transfer in, and out, of the exchange, and private key security.
They use BitShares to execute the trades they read about in their favourite financial newsletter.
These trades profit BitShares by way of increased liquidity on the DEX, tx fees, advertisement exposure (word of mouth),
"Hey, bts is great! I want to invest in the underlying asset. I've told all my trader friends about BTS."
Every human can benefit from using the DEX. A bank account, insurance fund, anti-fraud gift cards, ID, provable randomness, etc, etc.
Once the teachers of the world understand, everyone they teach will become crypto-literate. BitShares is a leading product in that market.
Maybe its 10 years away, maybe it's much sooner.
Crypto is an idea, ideas spread quickly.
All of the infrastructure already exists.
=================
I think BitShares' value is in its derivative exchange. A derivative exchange is a somewhat advanced feature of an economy. The crypto econonomy is still rather tiny on a global scale.
As I see it, all new investment in crypto is excellent news for all crypto holders.
Once within the crypto economy I believe more and more people will become crypto-literite and then make the nuanced decision of which crypto is best at performing a number of different tasks.
I think BitShares is by far the best choice for >50% of those financial services that customers will be looking for.
The Main Risks in not achieving this goal:
1) A competitor crypto builds a DEX that performs all market functions, at a 'just good enough' rate. I.E a shitter product that has a better marketing scheme.
2) BitShares depends on the human effort of it's shareholders.
If BTS Shareholders give up, or lay dormant long enough that a competitor has time to race ahead.
I'm confident that BitShares has the best product, the best management tools and the most freedom.
A lot of the momentum seems to have gone
214
General Discussion / Re: top 100 BTS traders in DEX
« on: March 09, 2017, 01:04:33 pm »I am thedex and I did a single trade with an asset i own to proove how easy it can be to fake volume.
If there is no trading volume, there is no attractive, then DEX is nothing!
Fake volume brings a lot of liquidity, a large number of speculators, OKCoin and Huobi these later, the hot degree far beyond the early established Exchanges such as BTCChina, Yunbi and BTC38, have proved that people love to go where to trade.
OKCoin and Huobi provide leveraged transactions, zero commission fees, trading robots freely to provide market depth.
Liquidity is the value of Exchange, trading volume is TRUE or FAKE is not important, unable to attract traders, DEX will die.
Liquidity is evidence that the exchange works, and is valued by others, because someone must be using it.
After that, all customers care about is whether the product works for a reasonable price. BitShares does work for a good price. So all is well.
Without seeing the trading already going on (liquidity), the user may never have made the trade in the first place.
So what if it's fake?
In the context of this particular thread, a faked tx volume doesn't seem to mean much for a top 100 traders.
But the top trader is still putting in the most effort to make it look like they have the most volume. And that has value too, by attracting new customers. It's cultivating a brand image of a satisfactory product that 'everyone likes'.
It also shows that they have a willingness to show off their product or service.
I think there need to me more guides written for non-technical BTS shareholders to use the DEX to profit and provide liquidity at the same time
215
General Discussion / Re: Liquidity, Liquidity, Liquidity
« on: March 09, 2017, 12:55:07 pm »3.) BitUSD:OPEN.USDT marketSo what you're describing here is a way for BTS Shareholders to profit, and at the same time improve the User Experience of bitshares?
The best way to show people BitUSD is worth 1 USD is to create a market where BitUSD trades against a bearer asset that is worth 1 USD. That would be USDT (see www.tether.to)
Bearer asset = Doesn't need to be kept in a named account.
I am trying to kick start the BitUSD:OPEN.USDT market with $1000 buy and sell walls and a 6% spread. Please take advantage of them or add some orders yourself. This market pair is easy for anyone to be a market maker in because both assets have the same face value meaning you don't have to trust bot software because orders don't need updating
Symbiotic profit for shareholder and community.
I know I've asked before, but could you describe the process of putting up 'sell walls' on the BitUSD:OPEN.USDT market?
Step by step instructions makes it far more likely a large portion of the shareholders will contribute to liquidity.
I think part of the problem is that holding bts in cold storage is very safe. Risking your investment on the exchange (if you fuck up) to make 6% by providing liquidity just doesn't seem worth it.
Do I need to open an account somewhere?
Register on tether.com?
Could you Spoon feed us the steps
3.) BitUSD:OPEN.USDT marketAre there any giftcards that use UIAs yet?
6.) Distribute BitUSD
Getting even small amounts of bitUSD in to users hands familiarises them with it and even if they dump it thats still adding trades to the market.
The idea of getting more bitusd out there is a good one and has been discussed many times on this forum. Who to and how is the tricky bit.
The possibility of bts shareholders making a profitable trade by exchanging bitGiftCard for physical gift card would be great.
Maybe that particular method is impossible, but some method by which bts shareholders can 'make a market' between the bts DEX and the physical world would be fantastic.
216
General Discussion / Re: So, whichpeople who worked on bitshares projects ended up NOT being scammers?
« on: March 08, 2017, 09:15:24 pm »
Sounds tricky
Thanks for the info
Thanks for the info
217
General Discussion / Re: I just created a credit default swap on the BTS blockchain
« on: March 08, 2017, 09:13:02 pm »
Excellent, thanks very much
218
General Discussion / Re: So, whichpeople who worked on bitshares projects ended up NOT being scammers?
« on: March 08, 2017, 05:48:18 pm »Can't say I'm surprised by any of this. Called it in 2014 and avoided BTS. Too bad I didn't ride the pump with my Protoshares, though, or get on board with Steem. Dan is a good coder but never gave me a satisfactory answer to this basic concern (true across many areas of crypto).
HOWEVER, I'm starting to see some value here and might FINALLY jump in (decentralized apps like OL)......
However, I have a simple, but important concern I was not able to resolve with a few searches around the forum.
I've seen it happen dozens or even hundreds of times now in the bitcoin ecosystem (just look at Bitfunder, or any asset exchange) - most of the "listings" turn out to be scams or fraudulently run. All BTC are somehow lost or founder disappears.
I've seen some GDoc attempts at accounting for PTS expenditures, but what really is to prevent a "DAC" founder from pulling an Enron or running with the AGS funding?
....
Really? The whole team working on sweat equity and their own funds for over a year after the donations ran out to produce and deliver rock stable Graphene and BitShares 2.0 to the community for free didn't satisfy you?
I've been away for ages but since coming back I'm seeing a bit of animosity about Dan moving to work on Steemit.
I'm not looking to come in here and offend anyone, I only want to understand.
Everyone seems a little dejected
Bts and steem are two sides of the same coin. They can work symbiotically.
The market for censorship-free social media is about to grow massively.
Twitter, facebook and reddit are all getting caught with their hands dirty, acting against the interests of it's users in order to direct a narrative. Could BitShares have replaced a social media system?
I doubt it, which is why I assume Steemit was created.
BitShares is a financial exchange. There is PLENTY of money in that game already.
IMO, Dan and Cryptonomex built BitShares as a somewhat complete product. It's up to the users, shareholders and businesses of BitShares to use it.
Unless I am mistaken, BitShares became a stand-alone entity directed by it's shareholders on launch. What are people expecting Dan to have done since?
What am I missing?
It's good to be back seeing the progress BitShares is making
219
General Discussion / Re: Can BitShares offer Vaultoro decentralized banking services?
« on: March 08, 2017, 05:42:57 pm »I've sent an email to support@vaultoro.comQuoteHello,
I'm a shareholder of the BitShares crypto-ecosystem and I would like to discuss the mutually beneficial relationship that is possible between BitShares and Vaultoro. There is a thread on the bitshares talk forum here: https://bitsharestalk.org/index.php/topic,16724.msg214074.html
I have CC'd fabian@bitshares.org (one of the 101 elected delegates of the BitShares ecosystem) in case of technical questions.
A PDF info-graphic for a quick overview of BitShares is available at https://pdf.yt/d/atDhSKTY2mwequs0
Could you please direct us to the relevant people to discuss the technicalities?
The BitShares ecosystem is a decentralized asset exchange that allows user to issue their own assets. These assets can be traded in seconds, and allow the user to retain sole control of the private keys. The issuer of these UIAs (User Issued Assets) collect all fees generated, and can set KYC requirements limiting who can hold it.
Vaultoro could issue such an UIA to enable your company to access BitShares users as potential customers and profit from every trade of your UIA.
Existing Vaultoro customers would benefit by being able to hold their claims to Vaultoro gold on a decentralized platform where only they hold the private keys.
Another aspect of the BitShares ecosystem that Vaultoro could benefit from are the Market Pegged Assets. These are assets that track the value of real world assets such as USD, CYN, Gold and Silver but are not subject to any counterparty risk, and are backed by over 100% collateral.
Vaultoro could allow their customers exposure to bitSilver to test the demand before committing to purchasing more bank vaults and physical silver.
Vaultoro could accept bitGold in exchange for Vaultoro Gold.
The value of Vaultoro gold can then be exposed to the BitShares decentralized market to be traded. This brings another price finding mechanism to value Vaultoro gold against assets such as bitcoin, USD, CNY, Gold and Silver.
Accepting bitGold for physical delivery of gold would open Vaultoro up to an entire new market and provide a convenient gateway from crypto to physical assets. As gold dealers are subject to far less regulation than traditional banks this gives Vaultoro a significant advantage.
We look forward to hearing from you,
Thank you
Very nice
I just sent them another email asking for an update on their discussions on the legality of using BitShares.
I've Cc'd xeroc in to the email to help me out
220
General Discussion / Re: I just created a credit default swap on the BTS blockchain
« on: March 06, 2017, 08:45:30 pm »
This sounds really interesting!
Could you give us a ELI5 explanation of the mechanics of what you are enabling?
Some instructions or pointers as to why someone would want to use your service would be really helpful I think
Could you give us a ELI5 explanation of the mechanics of what you are enabling?
Some instructions or pointers as to why someone would want to use your service would be really helpful I think
221
General Discussion / Re: So, whichpeople who worked on bitshares projects ended up NOT being scammers?
« on: March 06, 2017, 08:35:32 pm »222
General Discussion / The Co-operative Bank (big UK 'ethical' bank) to help victims of financial abuse
« on: May 12, 2016, 05:35:06 pm »
https://www.co-operativebank.co.uk/aboutus/ourbusiness/ethicalpolicy/ethicalcampaigns/FinancialAbuse
BitShares can help
The Co-Op are big and have industry clout
Quote
Ethical Campaigning: My money, my life
Nearly one in five British adults say they have experienced financial abuse in an intimate relationship, according to a new ethical campaign launched by the Bank and Refuge, the national domestic violence charity.
The “My money, my life” campaign raises awareness of the true scale of financial abuse for the first time, as it occurs within intimate relationships, where financial control, exploitation or sabotage are used to control a person’s ability to acquire, use and maintain financial resources. We carried out the UK’s largest study to date in this area in order to understand the prevalence of financial abuse in intimate relationships in the UK. We are campaigning for the banking industry to come together to ensure there is adequate and consistent support for the victims of financial abuse in relationships.
BitShares can help
The Co-Op are big and have industry clout
223
General Discussion / I've been away since 2.0 launch, catch me up? Who makes the best posts?
« on: May 04, 2016, 08:24:07 am »
Hello everyone!
I have been busy with life and still don't have so much time to pour over the forums.
I'm looking for an update on how we're doing; new developments that we had month by month? Major news articles or interested third parties?
And perhaps some of your personal achievements that relate in a minor way to BitShares
Back in November I usually found that the likes of @Ander @xeroc @cylonmaker2053 @kenCode @fav @Tuck Fheman and many others I've forgotten had some of the best posts of info.
EDIT: @Ben Mason !! @Empirical1.2 @Akado
Is there anyone else who's post history I should be paying special attention to?
Cheers!
Permie
I have been busy with life and still don't have so much time to pour over the forums.
I'm looking for an update on how we're doing; new developments that we had month by month? Major news articles or interested third parties?
And perhaps some of your personal achievements that relate in a minor way to BitShares
Back in November I usually found that the likes of @Ander @xeroc @cylonmaker2053 @kenCode @fav @Tuck Fheman and many others I've forgotten had some of the best posts of info.
EDIT: @Ben Mason !! @Empirical1.2 @Akado
Is there anyone else who's post history I should be paying special attention to?
Cheers!
Permie
224
General Discussion / Re: [Ann] Electrons.io Open Beta Testing [Ann]
« on: November 15, 2015, 06:54:29 pm »
Forgive my ignorance but how is this different/better than shapeshift or metaexchange?
225
Random Discussion / Re: Power lies in communities of connected people. Anarchy and Democracy
« on: November 15, 2015, 06:45:17 pm »
Discussed this with a friend and came up with:
PDSD - Post Democratic Stress Disorder
PDSD - Post Democratic Stress Disorder
