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Messages - Permie

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61
General Discussion / Re: Bitshares price discussion
« on: May 19, 2017, 05:45:53 pm »


62
Technical Support / Re: Bitshares block explorer
« on: May 19, 2017, 05:22:03 pm »
I have the following error message:

"We're sorry, but something went wrong"
If you created the bitshares address that you are searching for before Nov 2015, then they are BTS 1.0 shares.

These are redeemable 1:1 for BTS 2.0 bts.
But you have to import them.

This thread may help https://bitsharestalk.org/index.php/topic,24032.0.html

63
General Discussion / Re: Bitshares price discussion
« on: May 19, 2017, 03:58:28 pm »
BitShares Market Cap: $176,400,000
Cryptosphere Market Cap: $67,305,000,000
BitShares' Share of the Market: 0.26% Market Share has increased 0.07% in past 3 days. That is a %-increase in Market Share of 36%

Price/bts in USD: $0.0678
Price/bts in BTC: 0.00003492 BTC

64
General Discussion / Re: Next Committee Proposal: Witness Pay
« on: May 19, 2017, 03:48:10 pm »
@rnglab thanks for your input, your idea is suggestive, we need to think more and do more.

now I just share one news: last week I met the people of WanCloud under WanXiang Blockchain, They told me that they are interested in Bitshares and hope to join the Bitshares community as an institution, they will provide witness and API server service, and hope to work with Bitshaers in other areas.

Source: http://www.econotimes.com/Wanxiang-Group-launches-new-blockchain-product-WanCloud-703699
Quote
“WanCloud is not just a technical platform; it’s an open innovation platform,” Haifeng Xi, CTO of WanCloud, told Bitcoin Magazine. “WanCloud is essentially a bridge between [the] global blockchain development community and China. We aim to connect the world to the Chinese developer community, Chinese startups and traditional Chinese businesses.”

WanCloud offers an ecosystem for open-source blockchain protocols to be localized and made easily accessible to the Chinese development community. The initial blockchain protocols include developers and consultants BlockApps, Factom and Stellar.

“This partnership is important for Factom China because it will make it easier for our product to reach and serve the needs of the end users in China. WanCloud is really adding value, helping us localize the platform for enterprise users and the large community of developers in China,” Zeen Zhang, CEO of Factom China, said.

65
General Discussion / Re: Next Committee Proposal: Witness Pay
« on: May 19, 2017, 03:44:53 pm »
It shouldn't be difficult for a monitoring tool to highlight witnesses that stops feeding prices and producing blocks at the same time, nor to check seed and API nodes availability.
This approach would help stake holders and proxies to identify witnesses with inadecuate infraestructure (misuse of budget) sooner or later, while adding complementary metrics to price feeds accuracy and plain missed blocks.
+5%


We have proxies mainly for two reasons, one is decentralization: holders with low stake and similar ideas can sum their voting weights through a proxy that represents them, and become influential along with bigger stake holders
The other reason is to counteract voter apathy. Regardless of their commitment, most users don't have the time, knowledge or updated information to actively vote on every decision. But paradoxically, at the moment it seems much easier to look into every new proposal and read its specific documentation to decide what to vote, than to periodically dig into the forum for reports from each proxy to have a general idea about who represents you better.
Cryptofresh ballot charts are very important, but centralized historic information about what proxies have voted is the only way for users to easily check their behavior, remain informed and able update proxies dynamically in front of big decisions, as intended.
+5%

 +5% +5% +5% +5%

@rnglab da real MVP

You have changed my opinion on witness pay. I think the Reserve Pool is there to be used, and should be.
Other projects need to rely on Venture Capital / Marketing investment, and those that have are currently doing very well in terms of MarketCap.
BitShares doesn't need VC, the shareholders can vote to invest in the ecosystem itself.
How much does 'dilution' actually seriously effects the price?
When the overall profitability, the fees paid, of the BitShares network is so small it's hard to determine the "true value" of BitShares.

I really want to see this higher market cap translate into a noticeable uptick in user-participation, transaction volume, account creation and liquidity on the exchange. Once there is a real user-base of fees being paid then it will be easier to determine how much of the Reserve-Pool can be spent without diluting the supply such that the price decreases unnecessarily.
BitShareholders should be able to review the BitShares-Big-Data in easy/quick to read Graphs, Charts and statistics to evaluate the state of the network for themselves.
Cryptofresh.com is blazing the trail on that front. :)



Worker proposals are indeed hard to get voted in, and as you have explained, Witness' pay is an easy entry-point for new devs to get involved.

Bravo.

66
Technical Support / Re: Bitshares block explorer
« on: May 19, 2017, 12:06:23 pm »

67
General Discussion / Re: London meet up
« on: May 19, 2017, 11:57:06 am »
If you do this between 12th and 16th of June after 18:00 in the afternoon I will be also able to attend as well and I would really love to meet you guys.
+5%
Shall we say than 14th of June at 18:30?
We can agree on a place latter.
Great

Kings Cross Station is probably the most well-connected transport hub.
If we meet near there, everybody should have an easier time as possible to get there?
Plenty of (hopefully quite) pubs around there for chatting

68
General Discussion / What's so good about NEM?
« on: May 19, 2017, 10:11:13 am »
What's so good about NEM?

2 Months ago, 19th March 2017, NEM's market cap was $150,000,000. (An all time high at the time).

Today, NEM's market cap is $2,300,000,000.

Growth of 14x in 2 months?

Was there some particular news or something?
I've done a little reading on it and it doesn't seem "all that"

69
19/05/17 - 10:15GMT
bts price: $0.0603

BitShares Market Cap: $157,000,000
(coinmarketcap.com)

SmartCoin Market Cap: $4,060,000
(cryptofresh.com)

CryptoSphere Market Cap: 66,098,000,000
(coinmarketcap.com)

BTS MCap / SmartCoinMCap = 38 BTS MCap is  38x larger than it's SmartCoin MCap

BitShares' market-share of the total CryptoSphere: 0.237%

SmartCoin Market Caps ($USD):
CNY: $2,691,000
USD: $1,060,000
EUR: $72,000
BTC: $123,000
Silver: $68,000
Gold: $37,000
GBP: $4,000
MXN: $530
JPY: $1000
CAD: $2100
ARS: $570
AUD: $25,000

70
General Discussion / Re: Dan's Next Project - EOS Rears its Head
« on: May 19, 2017, 09:01:11 am »
Do u think implementing Dogecoin on BTS as an asset will ever compete with Dogecoin?

Try it .
Make a Dogecoin in BTS and send it around . If the DogecoinAsset somehow managed to beat Dogecoin's market cap, then u can start considering the so-called migration of BTS to EOS.

Don't forget the bloody lesson learned from the threat "Vote will kill u all if u don't merge".
You miss the option of "take all the good stuff from EOS and upgrade the BitShares architecture" ..
+5% I would like this approach

But, if this could be done. Then that would imply that Dan didn't want to just lobby BTS 2 shareholders to implement his new changes, and decided to build a whole new system just because

Surely there is a reason it was rebuilt from scratch.
Obviously the bits that can be "borrowed" from EOS and implemented to BTS 2 should be, but will they really be 'the best bits'?


Do u think implementing Dogecoin on BTS as an asset will ever compete with Dogecoin?

Try it .
Make a Dogecoin in BTS and send it around . If the DogecoinAsset somehow managed to beat Dogecoin's market cap, then u can start considering the so-called migration of BTS to EOS.

Don't forget the bloody lesson learned from the threat "Vote will kill u all if u don't merge".
+5% point taken.
Dogecoin is backed by it's community.
The BitShares community needs to back BTS 2

BTS 2.0 may well fair just fine, carrying on as if EOS doesn't exist :)

71
18/05/17 - 21:45GMT
bts price: $0.054

BitShares Market Cap: $140,000,000
(coinmarketcap.com)

SmartCoin Market Cap: $3,212,000
(cryptofresh.com)

CryptoSphere Market Cap: $63,390,633,000
(coinmarketcap.com)

BTS MCap / SmartCoinMCap = 43 BTS MCap is 43x larger than it's SmartCoin MCap

BitShares' market-share of the total CryptoSphere: 0.2208%

SmartCoin Market Caps ($USD):
CNY: $1,826,000 (48% of total bts-SmartCoin market)
USD: $1,061,100 (27.9% total SC-Mcap)
EUR: $120,000 (3.15%)
BTC: $104,000
Silver: $71,000
Gold: $35,000
GBP: $4,000
MXN: $530
JPY: $1000
CAD: $2100
ARS: $570
AUD: $19,000


73
Older versions of the client are no longer hosted on a dedicated server, to be downloaded at any time by anyone who needs to import their bts 1.0?

Surely witness' should be using some of their pay for things like this, can the old wallet versions be downloaded directly from a witness' server somewhere?

74
General Discussion / Re: bitGold-bitSilver-bitBTC
« on: May 18, 2017, 03:12:05 pm »
I also care about providing liquidity between bitusd, bitcny, biteur and bitsilver and bitgold not only pairs between bts: bitsilver and bitgold because bts is volatile and sometimes the transition from bitfiat to bts to bitmetals can be proved profitable but other times not..so someone who uses the DEX to save do not want to go through this volatility..

What can we do to provide bitfiat:bitmetals liquidity? Do we need to change some parameters?

So you want traders to be able to borrow bitGold from the market, and use bitUSD as collateral (a CfD, contract for difference)
In this way bitGold trades against bitUSD.

If bitUSD can be used as collateral in such a CfD, then the bitUSD itself must be collateralized with bts. BTS must be the collateral-of-last-resort(?)

So trader A thinks that the price of gold in dollars is going to go down. He wants to take a leveraged bet that he is right. He wants to be short gold and long USD.
So in order to borrow 1oz of gold (~$1200), he needs 110% collateral of $1200, which = $1320bitUSD to collateralise this trade.
Let's assume trader A is the first to use BitShares so he cannot find a trade partner to buy bitUSD from.
So he must short it into existence himself.

Trader A borrows bitUSD from the blockchain using bts as collateral, in the usual way.
Trader A needs to borrow $1320bitUSD.
He needs to collateralise this loan with 175% bts.
So trader A needs $2,310 worth of bts so create this bitUSD.

At this stage, trader A owes debts of $2,310 bts, and long $1320bitUSD

Trader A then uses his $1,320bitUSD as collateral to create 1oz of bitGOLD.

At this stage, trader A is now long 1oz Gold ($1200), and in debt bts (collateral worth $2,310, or around 44,000bts today.)

Trader A then sells his created bitGold to the market, (because he thinks gold will do down in price). He trades with Trader B, and Trader A receives $1200bitUSD.

Trader A is now long $1200bitUSD, and has debts of $2,310 worth of bts to the blockchain.
Trader A doesn't care about the price of bts.
What can he do?

=============

So in order to meet the demand for a bitGOLD:bitUSD trading pair, short traders will need to be laying out 192.5% collateral in bts.
But people who want so trade bitGold:bitUSD, don't care about hte price of bts.
How can this trading pair function without involving price exposure to bts?

This isn't such a problem if one day bts is so liquid and stable that there is only negligible volatility.
But it's a LONG LONG way off that.
So can this bitGold:bitUSD pair exist without bts?

If this can be done.... then what is the point of bts in the first place...

75
General Discussion / Re: bitGold-bitSilver-bitBTC
« on: May 18, 2017, 11:40:22 am »
+5%
I agree!

I do not feel safe buying gold and keep it under my mattress..
Diversify.

So your physical gold gets stolen?
Never mind you have crypto

So your crypto gets stolen/lost/hacked/put on trial?
Never mind, you have physical wealth to fund yourself

Crypto does not replace physical Precious Metals imo. It just adds another vector of wealth preservation.

You are active a lot in Greece, right?
A government 'haircut' of your bank balance can't touch your physical gold buried/hidden somewhere.
What if they stop you at the border and ask you to explain how you know so much about crypto?
It's illegal to not declare if you have more than $10,000 in cash on you at an airport.
What happens if they expand the definition of "cash"?

What if?
What if?
What if?

Diversify your methods of wealth preservation.
A $50 silver coin is well worth having


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