Quote from: Erlich Bachman on July 06, 2015, 10:26:13 am

1. currency (fiat/gov-bonds) - check
2. commodities - check (naked shorting)
3. businesses - check
http://www.bloomberg.com/news/articles/2015-05-06/snb-boosts-stake-in-apple-exxon-in-37-5-billion-u-s-portfolio
4. real estate - if it has a mortgage, then the bank owns it already

5. immutable property (crypto)   

people compare bitcoin (5) with gold (2) ..
would you consider gold being part of 5 also?

No, I should have been more specific about this new 5th class of asset that is unique from all the rest because it is both immutable and omniscient (both features are integral to creating valuable transparency) meaning that you do not know how many ounces of gold are buried under the Vatican, but you do know how many BitShares there are out there.   

If there are 2 things that free markets just adore, it's transparency and profits.

Why?? Because increased transparency means reduced risk.

Currently I'm miniature, and was wondering if there are still many community members who are still not utilizing this feature to leverage their  long position in the wake of the Greek "no" vote.

https://www.youtube.com/watch?v=yqT9Wj6dHy8

The financial sector is finally free from government regulation! 

The passage of “Obamatrade” means that participating governments are now bound by law to only create laws that loosen regulation against corporations.  No new restrictions can legally be passed by the government against the financial sector.  It's a crazy new law, but it is about to be legal.

This means that banks can continue rigging markets and fabricating balance sheets and using whatever exotic technical tools they have at their disposal, including blockchain technology of course.  The Glass Steagall, or any other regulatory bill that would constrict the banking sector is not only off the table;  It's illegal: 

http://archive.larouchepac.com/node/27883

Citibank is already implementing blockchain technology knowing that the government can no longer pass new constrictive regulation on their business:

http://www.ibtimes.co.uk/codename-citicoin-banking-giant-built-three-internal-blockchains-test-bitcoin-technology-1508759

State and local organizations are free to implement laws such as New York's BitLicense, that will guarantee that their constituents don't get to participate in the bounty of new green shoot jobs springing up in the open source tech industry, however, the federal government has agreed to take their regulatory hands off the financial industry allowing its citizens access to the most cutting edge high tech industrial jobs in the world.  Thank you, Mr. President, for finally deregulating commercial industry.  Your likeness will be eternally preserved next to the legendary Mr. Nakamoto.

Now, the only people standing in the way of crypto in the USA are state and local legislators.

Newmine, I am all for freedom to express concerns, but if you continue to post libelous statements you will be banned.   

Woah, it's cool, we tease Newman too.  We need his counterslander here.  It keeps us continuously questioning ourselves, and that's what makes us the Excellent Man



devils advocate is comic relief around here Dan

nothing to fear right?

He is no more distracting to our concentration than those even mentioning the stock price

Dear Cryptonomex,

We need a special re-occurring payment/annuity function that basically deletes all private keys before anybody or computer can ever get a chance to see or steal them.  An untouchable annuity where not even the issuer can touch the funds until the annuity is paid out.

Give the option to create (purchase) "n" number of wallets with private keys that are generated internally but never displayed on screen or stored in any cache.  A single destination address would be generated that would function like this:  once funds are sent there, they are automatically split up and redirected into the "n" accounts where the money is essentially burnt/untouchable because nobody has ever seen or recorded the private keys.  Since these are smart wallets, they can pay out an annuity specified prior to their creation.

The market here is for a "last will and testament" where no humans can ever have a hope of touching the core property.  The benefit of this is that you can create an annuity wallet address on the NSA lobby computer where anybody can send funds to but nobody can ever know those private keys (even if they were watching you throughout the entire process and had access to the computer that generated the annuity wallet address).

Having "n" (random and unknown private key) accounts to initially store the funds guarantees that if one account is ever hacked by Buck Rodgers, then the other accounts would still continue to pay out the annuity (n-1 accounts would remain funded).  This just prevents the basic all your eggs in one basket" scenario that every "last will and testament" has ever suffered from.  This system could be made smarter by adding a function that monitors the activity of the "n" wallets and if any outgoing transaction is made that is not the specified annuity transaction (hacked), then all the other "n" accounts would automatically pay for another "n" number of accounts for every existing account (assuming that there are still enough funds left) and just copy the annuity parameters to them and send them the divided funds again.

This makes the "last will annuity account" act like a asexual organism where if part of it is attacked, then it can replicate into "n" smaller organisms every time it is attacked.

So if somebody was ever to attack the blockchain with quantum random key generators, then the contents of this account would divide and destroy itself (by purchasing "n" more wallets for each remaining wallet each time it is hacked by another quantum computer) before the god-hacker could even get his hands on half the funds.

Furthermore, if I am wealthy and can afford say n=1000, then that kind of revenue is good for profits and is fair value exchange for this financial security of diversification strategy. 

You have the power to create such a bulletproof automatically defensive untouchable and of course smart investment annuity that no human in the next 100 years could ever hope to get a piece of. Why not take a few minutes, and add these unique options.

Thank you for listening to this request.

Making the private keys unknown would guarantee a higher level of unhackability than if you created the ("n" number of) wallets yourself and then destroyed the private keys by hand.  Anybody who was monitoring your computer screen would have them.

This would help you support the "privacy loving" crypto community without having to add any new features, just a subroutine that generates a "smart burn address" where funds are returned to designated wallets over time.

This would work like a "last will" where if I knew that I was dying, or losing my mind, I could generate 1 address and be guaranteed an annuity paid to known accounts that is paid from these randomly generated (temporary burn/keyless/smart) accounts with unknown private keys (unknown to any human or computer).

This could act as a way to fund an annuity that is never hackable (even to the annuity holder, computer holder, or NSAgenius).   You can't touch your money, but neither can anyone else.  Call it the Martyr button.

Thanks again

We REALLY need to get 2.0 out and start making money.  As soon as people start making mone,y and we start burning some BTS/moving some to reserve fund, we will take off.

Profits move markets my friend.

What will they think of next?

In other words, what other historical business models requiring humans trusting humans will be instantly surpassed in service quality by the advent of the public smartchain?

“What exactly is it that we do?”

“We provide specialized training for an affiliate marketing force and broker connections to all kinds of products they’ll find easy to sell. Then we go looking for startup companies with ideas worth investing in, and hand them a marketing outlet on a silver platter! Most startups focus on their products and services, leaving marketing as an afterthought. We deliberately invest knowing that we can add a powerful engine for customer acquisition on Day One. We look for startups that fit into that model, and then harness our marketing horsepower to their front end.”

https://www.youtube.com/watch?v=J-GVd_HLlps#t=28s

Now we can finally rest in peace knowing that our loved ones will faithfully receive our accumulated wealth with atomic regularity, century after century;  our blood legacy cemented immutably by the public blockchain guaranteeing that our last will and testament cannot be altered or redistributed according to anything but our wishes.

Trusting you eternal legacy to humans is a thing of the past.  BitShares brings the singularity of immortality closer than ever before with the modern ability to preserve your family name for as long as the public blockchain survives.