This is a case of short term vs long-term thinking.

There are other platforms where users can create tokens for a one-time fee and if bitshares requires "rent" then users will quickly migrate their business elsewhere. It's important in a market to remain open and do things as cheaply as possible. As Sam Walton said "Give customers what they want - and a little more." Bitshares is super efficient and we can let people use the blockchain for super cheap (and still profit). We're happy with the creation, transfer, and trading fees UIAs generate, not to mention user interest and blockchain utility.

Important also to realize that there are 2 types of assets on the bitshares blockchain (besides the core token). UIAs (user issued assets) and SmartCoins. UIAs can be created in a finite amount (1-1,000,000,000), flexible trade fees, and any other parameter you could care to name. Basically UIAs are like assets issued on NXT or wavves or counterparty or ardor or antshares or whatever the fuck else.

SmartCoins are more unique and I think you'll like this: They reduce the supply of spendable bitshares. For example, bitCNY can only be created when someone thinks that Bitshares will increase in value compared to this asset and decides to create a special smart contract. This locks up ~3x the value in bitshares to create one bitCNY. This "smart contract" can be created in the wallet by clicking on "borrow bitCNY".
I know this opens up a whole slew of new questions like
"what happens if the value of collateral drops below the value of bitCNY?"
"how is the price of bitCNY established and maintained?"
There are great answers to these questions, this is not the place. Bitshares has a heckuva learning curve.

Basically you can borrow and sell USD and CNY (and gold and others) with no interest and no counterparty (nobody holds the bitUSD but you). So along with influence over blockchain decisions, this is another reason BTS will continue to grow in value.

Just... hold onto your seat for a minute, there is a lot of excitement going on right now in blockchain world, possibly approaching a maddness phase. The wheat and the chaff are going to be separated. To me, BTC is a crazy bad investment right now, blockchain at capacity, slow and inefficient, terrible governance and toxic community. BTS will never face those problems but crazy will always have its day.

Looks like btsx-bitshare is starting to sell. Is there anyway openledger could blacklist this account from buying open.assets?

It's sad to see crime on the bts blockchain and of course there is always the inherent freedom to transfer assets you own, but we should do everything we can to track and prevent btsx-bitshare's activity.

I've was VERY impressed with the recent Chronos Crypto videos on youTube. In fact, as a programmer, I'm blown away by all the intricate functionally and possibilities of bitShares. Far and above any other crypto I seen. Then there is all this existing technology already based on bitShares. Ie: OpenLedger. So... I start buying some bitShares. They're they're like 2300 per dollar.

I don't understand... why are bitShares so cheap? Yes, the Available Supply is 2 1/2 billion. What's going on there? And with all the adjunct platforms based on bitShares, why's the Market Cap and Daily Volume so low?

It seems like bitShares has already accomplished everything Ethereum plans on doing, all without getting bogged down with a procedural language. I must be missing something. Why isn't bitShares more popular?

haha so maybe the chronos videos are a good community investment.   Finally people are asking the right questions.

The main reasons BTS is so cheap: bad marketing, the "bitmarmot" saga of Preston J Byrne (asshole), supply increase (now over)

I speak crypto venture capital people here in London and they're pumped about ethereum but then I mention BTS and they're like "oh wasn't that some scam... "
LOL! reminds me of how people reacted at the start of bitcoin which also had terrible press, but eventually the function, utility, and community wins through. 

• Anyone can create a worker with zero pay to measure support of the bounty
• While this zero-pay worker is voted in, it is an announcement of the available bounty
• Someone does the work, i.e. creates a pull request with the new code, earning the bounty
• After the work is done, the committee creates a worker to generate the pay, which is then given to the recipient

So, I don't think we need to hard-fork or overhaul the system, because there is a lot we can do with the current system. Xeroc gave another creative example with his idea for a worker payable in BitUSD.

Very nice. This requires trust in the committee members but I think it would work.

A real bounty system requires some central body to do the decision-making. This is too much opportunity for corruption. I'm much happier with the worker system, bitshares awesome decentralization and democracy (or plutocracy really) is unique and we shouldn't try to shift away from decentralization. Nobody is "in charge" of bitshares but the bitshares holders. The difficulty, I think, is in price negotiation. With the worker system, the worker proposes the price while in a bounty system the admin proposes the price.

As chronos says, we need to discuss as a community what we're willing to fund. I'll make a google doc where we can add and vote for ideas informally. My personal vote would be to get another block explorer.

So BTS stealth is better than monero?

Sharedrops can have tax consequences that a buyback will avoid.

Plus maybe not all obits holders want bts or open.btc. Doing a buybacks is simpler and cleaner than sharedropping an entirely different investment on obits holders.

Usually I say damn the tax consequences but hokay well buyback won so status quo. Your point was not one I saw before the vote. Hopefully OpenLedger sees some good action this month. Reducing supply slowly will increase the price. It would be nice to see some more transparency on what % of their profits are used to buyback OBITS.

I've been posting about this for awhile.

https://bitsharestalk.org/index.php/topic,22107.msg298753.html#msg298753

cryptofresh is intermittent and the owner @roadscape is totally unreachable. We should really have someone propose creating a new explorer with a worker. I would throw my vote behind that 100%.

fortunately we do have an alternate explorer:

https://bitshares.openledger.info/#/explorer/blocks