Good. Now they won't bitch about our referral program, as they'll be too busy insisting on how awesome this is for the Bitcoin glory.

word of the day

i am sorry
metaexchange only deals with real BitGold

Don't be rude to the noob.

What he means to say is that you just bought your "bitgold" from a privately held company that controls their own records of who owns how much "bitgold"

There are many privately owned companies that will sell you "bitgold"

just as there are thousands of companies and private individuals who will sell you a "blowjob."  Would you take a "blowjob" from just anybody?  Then why would you buy your "bitgold" from the first person who offered?  You better shop around mama.  Compare prices and quality, check the rep, look for cold sores, etc.

bitreserve.com is another such company who will sell you an IOU, and says that you can redeem it for gold anytime you want to, but only that company controls their accounting ledger that says you own it.  You must trust that they will not steal your money by erasing your name from their accounting ledger.  You also must trust that they will not skip town knowing that they have total access to everyone's bitgold who bought some from them.  In other words, you must trust that they will not be tempted like Mark Kerpeles to push the button that accidentally transfers every ounce of bitgold they ever sold into their offshore bitcoin address in Bali.  Do you know the owners of the company that you sent your money to?  and more importantly, do you trust them with the ten million dollars that thousands of people just like you gave them?

BitShares brand "bitgold" is a publicly owned blockchain accounting ledger (that says you own the right to your gold) that cannot me modified to erase the record (no more than bitcoin can be hacked) of your bitgold holdings unless 51% of all the company owners publicly agree to screw you.  and if you ever get nervous and start to think that the owners of the company are plotting against you and are about to vote to modify the blockchain to steal your money by erasing your name from the public ledger, then you can purchase shares in the company (BitShares) and campaign to erase their names form the public ledger!  But currently, it's pretty hard to get more than a few owners to agree to destroy the integrity of the entire public blockchain.

It's all perfectly legal right here in the good old U S of A
So, as you can see, there are many different companies who will sell you bitgold.  Your only question that you have to ask yourself is "which company do I trust to not steal my money?" 

and let me guess:

you gave them more personal information about yourself than a fake name.

So now they have more information about you than you have about them, and they know that you have enough "discretionary income" to send $$$ to an unknown dude on the internet.

I'm not trying to be rude, just don't be gullible guppy.  Mt Gox was not cool, and neither is a company that won't let you control their accounting records.  Hey, we all make mistakes, but seriously man, take care of yourself.  This is 2015.  Stay alive.

https://www.youtube.com/watch?v=stsnlTZG84Y#t=3m12s

Wouldnt there still be an issue because you are allowing for the international trade of theses shares/tokens/depository recipes.
Therefore while you may not be conducting illegal activity in that jurisdiction, does it not put you in regulatory hot water on an international level.

Eg. You find a jurisdiction that is happy with everything. You issue shares as crypto currency. They are traded internationally. The US throws a tantrum because the NSA says people are now using the shares to fund terrorism. The next time you go to the US they not so friendly.

The public smartchain is human government - humans governing themselves with math as the incorruptible judge.  Legacy governments, and privately controlled smartchains  are welcome to compete with the human smartchain, but only the strong will survive.  Competition is the nature of nature, and humans competing with computers has a predictable outcome.

BitShares - The Human Smartchain

"Nautiluscoin was originally designed as stable store of value with a "stability fund" that would act as an internal central bank to reduce the notorious volatility associated with digital currencies like bitcoin."

Well that's one way to do it (trust that the central bank won't screw you method), but isn't that exactly what got us here in the first place.  Live and learn I guess.

there is no way to know the actual supply of silver, it's the same premine and unknown total amount and distribution problem as we have with gold.  Seriously the whole idea of gold and silver being "immutable" seems to be more wishful thinking than anything. People have been mining the shit for a long time, the catholic church for one had quite a bit of time collecting the stuff, but where is the omniscient, transparent and irrefutable account of it all?

No, gold and silver are not immutable nor omniscient which is why crypto is an entirely different asset class than both real estate and commodities

real estate
commodities
companies
currency/bonds/paper promises
crypto

everything in your investment portfolio falls into one of these 5 basic groups.

Are you diversified?

immutable and omniscient are valuable properties for an asset class to possess

tangible is cool too, but different indeed

Shorting is simple.

If the buy wall is at 154 and the sell wall is at 156

Place a buy order for 500 BitUSD at 155 (don't hit confirm)

Place a short order for 500 BitUSD at 155 (don't hit confirm)

Now hit confirm on both orders and wait for them to fill each other

sell your BitUSD and you are now short.

Do this every 30 days to roll your position over.

Because so many people got burned on the 30 day rule expiring on them, they are gun shy.  But when the 2.0 launches, then everybody will be doing it, because it will be easier, so by then it will be too late to short at these prices.

Quote from: Erlich Bachman on July 05, 2015, 04:31:06 pm

The death of the bitcoin clones has proven that you don't need many different blockchains in crypto, only as many as you have the basic political faction:

1. Bitcoin - a simple streamlined store of value for the masses
2. Ripple - the private sector's next generation crypto solution proposed by the villians
3. Dopecoin - a simple streamlined store of value for the youth
4. Darkcoin - a simple streamlined store of value for the heroes
5. BitShares - the public sector's next generation crypto solution proposed by the scientists & philosophers

and from there, you have your smaller factions.  Crypto is art imitating human political life.

I like your assessment. Now tell me. Where is Ethereum, MaidSAFE, and Shadowcoin in all of this mess?

Ethereum, NXT, XCP, Maidsafe are the Science or Tech faction
Shadowcoin,Monero,DASH are all the Hero faction

Who do you have in society?  The cops (heroes)(the "excellent man"), the robbers or upper class (takers)(the "mass man")(Ripple), the masses (BTC), the lower or broke class (DOGE), and the scientists who discover new tech / philosophers who discover new knowledge for all mankind

It's all here, Sociology 101

https://www.youtube.com/watch?v=THCF3w5jlVg&list=PLAD7F6C0959E5D201

Blockchain community development is predictably following the eternal legacy human sociological factions that have never changed throughout history.  So yes, there should be at least 5 major blockchains representing the masses (BTC), nerds (BTS), rich (XRP), poor (DOGE), champion for the poor (DASH).

There has never been another unique social / political faction throughout history simply because you are inherently good or evil, and since people react to being treated good the same way, but react to being treated bad differently, you have those who fight back (man vs man), and the sheep who do not.  That is 4 factions.  the 5th faction - science / tech is born of man's desire to live and overcome the primitive way of life (man vs nature).

At first bitcoin was just the nerd faction, then when more people got BTC, clones appeared, and factions evolved.