This will likely be an unpopular opinion, but I feel I must speak up. The way I see it, the operators are trying to cash in immediately and shift most of the risks of their businesses to those who buy their UIA. If they think their businesses will be wildly successful, then it makes little sense to me as to why they would try to sell so much equity this early in the game. Take a look at the list of cryptocurrency exchanges and notice how many of them have little to no volume. I gave the same warning to the Nxt community when they were largely investing in many UIAs immediately following the creation of their UIA exchange. I think a majority of them wish they would of taken my advice. You have been warned. I don't mean to ruffle any feathers and mean no offence to those who are selling these assets, as you guys likely do not have any bad intentions in offering these sales.

*promptly looks for an underground bunker to hide in for eternity*

I could not have said it better. Anyone who bought in during the early promotion prices and exited with a profit as I did, good for you. I do not think the others will be so lucky. As you state above there is very little volume at these exchanges compared to the big boys and it hasn't been increasing despite the numerous advertisements promising otherwise. Your points are on the mark and I appreciate you not bringing them up until after I had exited.

https://youtu.be/LdHKIx6smag

http://cointelegraph.com/news/114378/eliminating-high-frequency-trading-and-creating-fairer-markets

Quote

CT: Could you explain how your market algorithm works on a basic level?

DP: Our algorithm works by incentivizing placing orders for as many units of currency as you can, as close to the bid-ask spread as you dare, and having them sit there for a long time until they eventually execute.

When you place an order in our markets you pay 1 % in royalty to the other orders of the opposite type (Bids to Asks, Asks to Bids) that already exist in the market, and this is prorated based on how large the existing orders are and how close they are to the spread (Bids with "higher" prices, Asks with "lower" prices).

As your order remains in the market, it also accumulates these royalties based on the two aforementioned factors. However, you only "capture" (i.e., your account is credited) the royalties your order accumulates when it executes.

...

CT: What currencies will you support?

DP: We are in the process of adding Euro, our first fiat currency. In addition to this, we already have Bitcoin, Nxt, Dash (Darkcoin), Litecoin, Peercoin, and Paycoin.

I heard my housekeepers talking about this the other day, and it got me to thinking. Without HFT, how am I supposed to fleece the noobs and stay over a B?

Seriously, who wants their doors opening like this _--_ when they could be opening like this \ _ / ?  I've got two thumbs and three commas and now French Justin Beiber wants one of them?

Listen up Ruby Rose, why don't you go get all X'd out and tatted up like your friends and leave the trading to the experts!

Russ Hanneman
Financier Extraordinaire
Inventor of the I3DIOT and the MYO-Fleshlight

Quote from: AdamBLevine on June 20, 2015, 11:53:32 pm

I am looking forward to getting my hands on Graphene powered Bitshares custom blockchain for Tokenly

In your last interview, you mentioned that if you made a Graphene blockchain for a competitor (like Tokenly), then you would negotiate a 20% sharedrop on the BTS community to protect your BTS investment. Or you would just build them a UIA on the BTS chain for 0% stake.

Have you been contacted regarding this proposition yet?  Because it appears that everybody from Max Keiser to Pat Byrne is going to be knocking at your door the moment they comprehend the scope of your revolutionary new invention.

Wait until they get a load of my "decentralized radio" that I'm putting on a thing called the "decentralized internet". Well, we call it the "Safe Network", but "decentralized" is a thing, so.


Russ Hanneman
Financier Extraordinaire - Inventor of the I3DIOT.

Day 9 Later ...

Ripple labs has a huge sake in ripple, thus their interest are aligned, I3 has a good stake in PTS then BTS, but the greedy stan and BM are not happy, they tried everything in the books to increase their stake, AGS/PTS, DPOS, Merger and paid delegate, still not enough, now Cryptonomex and toolkit, how many ways to fleece the BTS holders? take your buggy toolkit and leave please! BTS community should kick them out, byebye BM!

After reading yiminh's very convincing argument and since I claim to own 51% of BitShares, I've decided to vote yiminh in as lead dev.

BITN Members : Once the price hits 1000 sats (which shoudn't take long) we can just vote Dan & Stan back in after we've cornered the market.

Day 8 ...