remind me why BTS has value - does it get a fee for traders on the dex, can it stake, is it deflationary, how does owning BTS earn you more funds?

Crickets   

And it was done on huge volume (relatively speaking since BTS exchange volume has been in constant downtrend... along with it's price).

How long until we hear "These people are crazy to sell here!"?  The same 7 words spoken everytime BTS has made new lows for the last 3 years.

Oh and BTW... flash crash lows are usually retested in the months following.  Odds are that we have a slow painful bleed for the next several months... 5 million here we come. 

Raising the block rewards and hiring all these workers couldn't have come at a worst time.  Since when did giving employees raises in a struggling business become a good idea?  I guess that's what happens when a few proxies can decide how to spend other peoples money. One word... Centralization.

Can you link me to what you are referring to? I've been trying to calculate sell pressure and supply creation for BTS and having a hard time.

on that note, is larimer & co ever coming back to bitshares? or was there a breakup?

Great trend. any indication if this is real volume or somewhat faked like ripple has recently shown would be nice (ripple volumes just tanked)

Quote from: renkcub on August 03, 2015, 03:26:32 pm

If I remember correctly, the whole way BTS would be self sustaining would be DACs that paid a 10% or some other % return to the ecosystem.. these would be decentralizable as in a prediction market, betting exchange, arbitrager bot, etc.

unfortunately there are yet to exist any profitable DACs, but we're still just getting warmed up. that said, there are plenty of other ways for BTS to be successful; i think the most likely way is for wider adoption of core products, like bitUSD, or its equivalent SmartContract in the 2.0 system. i love BTS as a potentially disruptive finance innovation creating viable p2p markets and a bitUSD crypto currency that could have more appeal to merchants or remittance firms with price stability over BTC or other crypto coins.

integrating profitable DACS to the system would be another boost for BTS, but by no means the only way we can be successful. i'm betting on the market pegged assets (MPAs) and p2p markets, esp p2p bond markets.

Agreed, the financial instruments are very interesting to me. Thanks!

Can anyone please figure out what site that address is for "13p5iQkqBEVgKmPeJqEL2LBRS44PjX1dZL"?

I had 64 btc hacked and they are now being laundered there.

Please contact me @ thestatdude@gmail.com

I've been very excited about PTS from the beginning last year, but took some time away from the Alt market.
I met some of the team in person in Las Vegas Bitcoin conference last December and came away feeling very good about future of PTS.

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?

I will say that the best and sole defense I've really seen against this (since there is no auditing in the bitcoin world) is to only create DACs for 100% decentralized businesses that are open-source (someone else can "right the ship") and pretty much run themselves, and require minimal "centralized" management towards development etc.. If this is the only way DAC funds will be used, I've answered my own question.

Examples would be centralized betting, poker, asset exchange, coin exchange, file sales (music, documents) etc.