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Messages - KenMonkey

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47
Technical Support / Re: Mobile Wallet problems
« on: December 07, 2016, 01:52:26 am »
Got your keys imported? Can you access and spend funds from desktop or browser wallet?

48
Beyond Bitcoin [closed] / Re: [TEST] ShareBits Testing Thread
« on: December 07, 2016, 01:49:59 am »
I can haz forum tipping?

49
General Discussion / Re: Bitshares price discussion
« on: November 25, 2016, 11:51:07 pm »
sidewaaaysss... booorrrinnnnggg

50
Openledger / OpenLedger Market Censoring
« on: November 16, 2016, 01:44:16 am »
The OpenLedger implementation of the BAE (bitshares asset exchange) is hiding "bit." assets. I hope they realize that these assets are a vital part of bitshares' uniqueness and usefulness, a totally decentralized USD-pegged token is huge.

They seem to be doing this to promote their own open.assets. These are not decentralized assets and carry counterparty risk, like any asset on a traditional exchange. Certainly you will always have the blockchain asset, but if openledger folds then open.btc doesn't have value. Just like gox.btc or cryptsy.btc or eventually polo.btc in the future.

Users can still use these markets and and keep these bit.assets in their wallets, but the exchanges must be sought out manually.

I want openledger to show all BTS markets and include the markets with the greatest volume, not just the markets they gain fees from. bit.CNY and bit.USD should be near the top of the BTS markets.

All the best,
Kenmonkey

51
General Discussion / Re: Obits
« on: October 30, 2016, 06:43:22 pm »
Sharedrop benefits everyone proportionately while buyback and burn benefits those who perfectly place their orders and sell at the max buyback price, benefiting the few.

Exactly. Especially as large amounts of OBITS are still unsold. The one party benefiting the most from buyback&burn scheme is CCEDK itself.

yep. Well, buyback and burn is still good, but I don't love it. I wish it were a sharedrop from the start. A couple more people have voted, but unless we get a surge of votes for sharedrop it looks like buyback will win with only 18 votes compared to 56 for sharedrop.

even for the very wealthy sharedrop makes sense, it's a nice return on your investment. Hopefully some Obits whales will see this and sway the vote, but tomorrow is the last day!

52
General Discussion / Re: btsbots wallet release v0.0.1
« on: October 29, 2016, 03:30:58 pm »
Beautiful.

53
General Discussion / Re: Bitshares price discussion
« on: October 29, 2016, 03:21:34 pm »
Bitshares major offering is definitely the BAE (bitshares asset exchange). It's amazing to see the number of orders and volume has gone up by 10x in the past year, but the market cap is almost exactly the same.
http://cryptofresh.com/charts
http://coinmarketcap.com/currencies/bitshares/#charts
The market cap of bitCNY, bitUSD, and especially bitEUR has massively increased making the supply of BTS shrink by ~2.5x the increase in those market caps. Plus the supply increase is about to go to almost zero on Nov. 5.

The only unfortunate thing for bitshares and crypto in general is that bitcoin, the most trusted cryptocurrency is about to implode with those tiny ridiculous blocks and insane blocktime. When bitcoin becomes ineffective it damages the entire ecosystem, at least short-term.

Inflation usually lags about 10 years in major economies. In 2008 the USA majicked (printed) trillions of dollars to bail-out the banks and save the auto industry in the US. Soon they will start to feel the beginning of the massive inflation they caused. I predict wild USD inflation by 2018 inducing a crypto-revolution where established, reliable, useful coins and the bitshares BAE will be central to restoring security and function in the world economy.

So I guess you could say I'm holding.

54
General Discussion / Re: Obits
« on: October 29, 2016, 02:56:40 pm »
Unfortunately the OBITS voting has swung to the "buyback and burn" option over the "sharedropping"

I encourage all obits holders to vote for the sharedropping option on obits.io/voting!

right now there are 55 votes for sharedrop and 18 votes for buyback, but the buyback is winning because of 1 or 2 heavily-weighted votes. Let's get in on this and use the strength of crowds to sway the vote.

Sharedrop will increase the overall value of the obits token. When you sell obits there is a .3% market fee that I'd rather not have to pay to get my profits. Sharedrop benefits everyone proportionately while buyback and burn benefits those who perfectly place their orders and sell at the max buyback price, benefiting the few.

Vote Sharedrop! Thanks everyone!

xoxo

55
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: October 19, 2016, 12:13:13 am »
could someone explain to me what are these things on pictures when a margin call occurs

This should be a on the real questions thread. I really am not 100% sure but I think I can answer

This isn't a "margin call" exactly this shows a sell order (of bitCNY) that will execute soon (a force-settle). If there is not sufficient quantity in the buy wall then whoever owns the CNY with the least collateral will have their collateral used to buy the bitCNY, have the remainder of their collateral returned, plus be the proud owner of the bitCNY they just bought. Being force-settled like that isn't really bad, just annoying for the shorter. If you don't want it to happen to you make sure to properly collateralize your shorts! 250% is very safe, that's what I usually do.

56
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: October 18, 2016, 11:48:54 pm »
How do you send to someone not on bitshares?

depends what asset you want to send them! What is the someone on? Do they buy into the fictional value of fiat currency? Do they only accept handjobs? Murals? Bitcoin? I'll include the likely options:

If you want to send bitshares they're gonna need a bitshares wallet. It takes 5 seconds... okay maybe 5 minutes including making a backup and figuring out the wallet. bitshares.openledger.info

If you want to send bitcoin then buy some open.btc:
   click on "withdraw/deposit" on the top row.
   select openledger as the transfer service
   select "withdraw"
   select "open.btc"
   click withdraw and enter in the amount and their BTC address

If you want to send fiat currency
   sell BTS for open.BTC
   transfer your BTC to Circle or some service that can move government currency to your silly bank account
   wait 3 days
   go to an ATM and withdraw the amount, put in envelope, write their name on it
   drive to your recipient
   put it in their silly hands and let them take care of the security problems you've just foisted on them


57
General Discussion / Re: WTF the people - BTS best market by far
« on: October 18, 2016, 04:50:30 pm »
Looks like the Chinese are figuring it out. The bitCNY market is now the second largest BTS market out there. Pretty incredible! What other coin could continue to have value if all the centralized exchanges collapsed?

Sharing the love for bitshares here. http://steem.link/h4Pjz

What do you think about calling the Bitshares Asset Exchange BAE?




58
General Discussion / Re: Obits
« on: October 09, 2016, 03:36:41 pm »
Whoa. Okay. Obits are about 10c not 1c. So that's a return of 1.3% a month not 13%. I was about to freak out and buy heaps more, but still, Obits makes a good investment especially if OpenLedger gets huge, which I think it might in the next 12 months. If just one major exchange has a failure the unstoppable Bitshares exchange will benefit.

Yes I know OpenLedger is a centralized exchange like any other exchange, but at least you own the tokens and there's nothing they can do to stop you accessing that. Do your trades on OL and then keep your funds in BTS or non-OL-backed assets and you're a million times more secure than Poloniex or Bitfinex.

59
General Discussion / Obits
« on: October 09, 2016, 01:41:28 pm »
I've been doing some calculations on obits just to see what's cracking and if it's a good investment. Please correct me if I'm wrong.

Right now obits are around 1c (usd) each. If the switch to sharedrop goes through, which I think it will (see obits.io/voting) I've done a calculation for how much I'll be getting back on a $100 investment.

OpenLedger has been very transparent with the data from obits and I expect they'll keep doing that. Over the last few months on the 2nd of each month Obits has put between 1 million and 3 million BTS towards a buyback of Obits. (obits.io : buyback history)

I think October will be a good month (with BlockPay and BTC:peerplays as well as obits trading itself generating big fees) so let's assume a 2 million BTS sharedrop on a 7,202,031 Obits supply:

10,000 Obits/7,000,000 Obits (my share of the supply) * 2,000,000 BTS * .005 BTS/USD = $13.84

That's a pretty insane return. In <10 months I'd have over 100% gain. Is this right?


60
General Discussion / Re: Bitshares price discussion
« on: October 03, 2016, 06:21:10 pm »
Wow. Serious crunch for NXT, they've been sliced in third over the last 2 months. Could a slosh of cash money coming into BTS for those interested in POS, UIA. Obviously BTS is better than NXT with our bitAssets, multi-sig, OpenLedger, BlockPay. I'm looking forward to claiming my peerplays on their blockchain whenever they deploy it! I'm glad that the Peerplay snapshot didn't cause the same hyperbubble that NXT saw for Ardor (whatever that is).

Looks like the beginning of a lil surge for BTS. :)

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