Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - Brent.Allsop

Pages: 1 2 3 4 5 [6] 7 8 9 10 11 12 13 ... 17
76
General Discussion / Re: Ripple has overtaken Litecoin
« on: September 17, 2014, 09:53:35 pm »

Oh, OK, guess I was making this too hard.

So, really on coinmarketcap.com they should be quoting BTSX, not BitsharesX, and XRP, not ripple?

As BitsharesX and Ripple are just platforms, and it is the currency BTSX and XRP that is trading and being quoted.

Brent Allsop


77
General Discussion / Re: Ripple has overtaken Litecoin
« on: September 17, 2014, 09:37:58 pm »
BitsharesX mainly sends asset BTSX to receiver.BTSX is the main currency.

Ripple sends  "I owe you" to other gateway then let the gateway send fiat or other asset to the receiver . "I owe you" is the main currency and it's worthless without the acceptance of counterpart gateway.
Meanwhile,XRP is used in every "I owe you" transaction as fee,but not much.

So,XRP is not  like BTSX.
I finally understand .. thanks ..

xeroc must be swifter than I, as I still don't get it.

Could you guys describe the difference between BitsharesX and BTSX with a bit more mechanical details?
Also, "xrp", is the same things as what is being quoted on coinmarketcap.com as "ripple" right?

Put simply, if the 50th biggest bank in US starts accepting exchanging 1 bitUSD for 1 USD it will mean BTSX market cap will be 10s of billions of $$$.

Thanks tonyk,  That's an exciting fact, great to know.  My question had nothing to do with BitUSD or USD, which I mostly understand.  But it doesn't answer what I'm trying to ask, what are the mechanical, computational, definitional differences between BitsharesX and BTSX?


78
General Discussion / Re: Ripple has overtaken Litecoin
« on: September 17, 2014, 09:14:43 pm »
BitsharesX mainly sends asset BTSX to receiver.BTSX is the main currency.

Ripple sends  "I owe you" to other gateway then let the gateway send fiat or other asset to the receiver . "I owe you" is the main currency and it's worthless without the acceptance of counterpart gateway.
Meanwhile,XRP is used in every "I owe you" transaction as fee,but not much.

So,XRP is not  like BTSX.
I finally understand .. thanks ..

xeroc must be swifter than I, as I still don't get it.

Could you guys describe the difference between BitsharesX and BTSX with a bit more mechanical details?
Also, "xrp", is the same things as what is being quoted on coinmarketcap.com as "ripple" right?



79

Interesting idea, so help me understand exactly what a threat matrix is.  Also, is there any chance you are mistaken in thinking there are lots of people concerned about these types of things?  Maybe there are other things that would be more important to focus on?  If it is important, how many of these types of people will be convinced, as much as you, by such a threat matrix?  Many of these people are likely very different than you, so maybe there is something different that will be much more effective at convincing them?

All of this type of stuff requires modern amplification of the wisdom of the crowd processes to be done most efficiently and quantitatively.  It helps to be able to rigorously measure concisely and quantitatively what everyone is thinking, and fearing.   And when you throw evidence, like a threat matrix out there, it helps to have a quantitative measure to find out how many people it does convert, vs some other method or evidence.  Maybe a slight tweak in the threat matrix will significantly improve how powerful it is against your target audience?  All this stuff is nice to be able to measure.  For example, at Canonizer.com, when a new argument or tweak to such (or any demonstrable scientific proof) shows up, you can measure how many people such converts to a better camp.  The arguments and evidence that converts the most targeted people are the ones you want to focus on, not just what converts you, the expert who already understands.


80
I'll pay anything for a shirt, looking forward to letting everyone in Las Vegas know what camp I'm in.  It'll be great to show everyone at Vegas just how big our camp is.

So just let me know, (and everyone in a pinned thread or something) in case I miss it on a thread, or anything.


81
General Discussion / Re: Coinmarketcap listing
« on: September 11, 2014, 09:52:43 pm »
And get them to list BitUSD, already, as its market cap is about $500,000, or about spot number 50 on there list of all crypto currencies.

I bet the steady price compared to market cap, will draw lots of attention!





82
Wait, I thought we killed it already...

There are three possibilities going forward which I can see.

1) The Bitshares community seeks to establish and develop mutually beneficial relations with central banks such as Bank of England.
2) The Bitshares community stays neutral but monitors and learns from the central banks such as the Bank of England.
3) The Bitshares community seeks to put the Bank of England out of business entirely without any cooperation.

Each option has it's pros and cons. At some point the community is going to have to make these kinds of choices so I decided to put the poll up now. Since it's now official that the Bank of England is monitoring technologies like Bitshares X, what better time to have this discussion? How should the Bitshares X community interact with the central banks and what do the delegates think of interacting with banks?


It appears that this community might think that these 3 options are morally equivalent, each of them having "pros and cons".  And it really hurts me how many people want to kill and destroy these kinds of big institutions.  Just the attitude revealed by someone saying: "Wait, I thought we killed them already" reveals this primitive hateful no co-operation is necessary mindset.

In my opinion, the obvious answer is, the first community to get the big banks on board, and getting access to their capital, and ability to make things happen, will easily blow everyone else away.  We've got to learn to be lovers, and how to get along, and grow this herd as big as possible.  We all need to be desperately thinking, how do we get the big banks on board as SOON as possible, not looking for and hopping they just die.

Lonely haters will never get anywhere.


83
...The majority of delegates will want to jump off the cliff, and only a few will be trying to do the right thing and change directions faster...

I'm not sure what you mean by this?


All grass roots, and beurocratic organizations have the same problem.  First off, you can't do anything alone, especially with world finances like this.  You need to have the largest herd possible.  So, the problem becomes, how do you get the largest possible herd (get smart people to stop splitting), AND get that herd to make the drastic and often difficult to make changes necessary for survival and the most rapid possible progress, without getting bogged down by size.

And leading minds, like everyone creating all the Alt coins, are like cats.  If we could all work together, efficiently and intelligently, everyone working together, rather than trying to kill everyone else, or hoping they die, we would have conquered the financial world by now.

There is always popular herding opinion, that is often not the best way to think, believe, and act.  A few minority experts always see this first, but how do you make it easy for them to help the entire herd to get educated, and change directions as fast as possible.

I think that in the near future, the Bitshares community will be faced with an existential issue.  If the herd does the right thing, instantly, they will survive, if they do the wrong thing (like Bitcoin is choosing to stay with POW) or if it takes too long to get all delegates to OK a change, we will die, or be significantly hurt, compared to what could be.  You can already see this today - inability to get the entire herd to see the best rules to make for BitUSD and all that.  Sure, THE bytemaster is the world's most brilliant person with all this, but we could do so much better, if everyone could communicate concisely and quantitatively.  We need a quantitatively measurable way to determine what the experts believe is best.  Like is possible at Canonizer.com, we could be progressing so much faster, without THE bytemaster bottleneck.  We all need to be able to perform at his level, if we really want to change direction fast as a huge herd, without having lots of splitters. diluting or forking things.



84

All these attack fears everyone has, I just do not see.  It is all just a complete waste of time, and quite the distraction.  How about we spend some time on something that is important?

In my opinion, the most significant risk, is something where the popular thing to do, is to jump off the cliff.

A good example is the popular thing in the Bitcoin community is POW and mining.  There is a clear expert consensus that dPOS is far better, but the popular hurd isn't getting this expert minority message.  So Bitcoin, Ether, and everyone is about to jump off the POW cliff.  It will be nice for Bitshares, as we will lose some significant competitors, but it still hurts to see all of that about to die a miserable death.  And that kind of loss will really hurt this industry, where if someone could get the herd to change directions sooner, we could progress much faster.

And with the complete lack of current governance systems with BTSX,  it is only a matter of time before the BitsharesX community faces a similar issue.  The majority of delegates will want to jump off the cliff, and only a few will be trying to do the right thing and change directions faster,  possibly unsuccessfully or way to slow, leaving us very vulnerable, just as Ether is now very vulnerable to dPOS.

That risk, and a fork in the community (the splitter stellar currency has now killed ripple, or at best cut it in half) is what I most fear for BitsharesX.

What about everyone else?  What do you see as the biggest risk?


85

I've also heard from some Chineese, that you hear zero about Ether, ripple, NxT... over there.  Unlike here where everyone is talking only about Ether.  It appears that over there, it is all about BTSX.


86

Hey Xeroc, if it's money that is keeping you from going, I bet we could raise enough money to pay for a very nice trip for you to the Vegas.  I bet there would be a lot of people willing to help pay to get you here.  We all owe you so much!!  (If anyone else is willing to help out, speak up.)

shit .. that is great ...

but I cannot join :-(

I really hope they run a live stream!!

87

Sweet!!  Way to go.  Looking forward to this!!


So, where is the Bitshares party going to be??  This is Vegas after all, and we have lots to celebrate with EVERYONE!!  And we need to get to know each other better.

Brent Allsop


88
General Discussion / Re: Is Anyone Still Holding Bitcoin?
« on: September 11, 2014, 02:12:35 pm »

I got out of Bitcoin many months ago.

I only use them to get into and out of BTSX, when needed, holding them for as short a time as possible.

I did take a significant flyer on Ether genesis, hoping to possibly duplicate the significant profit we got from getting in on the BTSX genesis block, but I'm not holding my breath, and expect to move all that back to BTSX, as soon as I can, for as long as ether is pushing towards mining/POW.








89
So is this why so many people haven't 'claimed' their genesis block shares yet, and can't vote them yet?

It seems to me, the private keys protecting everyone's unclaimed genesis block are not very well protected, especially if they were purchased by some third party or via coinbase.com.  If they become compromised, they could disappear very fast, right?  Am I wrong in thinking this is a far greater risk?  Is it not far safer to move these genesis block BTSX to a new public private key, which you have more control over and know is safe?

You are one of them, tell me why you have not claimed them?

No, I have claimed all of mine, for the reasons I've described.  But you are making me wonder if this was a mistake to do this so soon?

Now I'm just trying to figure out how to vote all of them.  If only I could get the vote indication system in the wallet to work, so I could know if I am being successful or not.





90
General Discussion / Re: Purchasing BTSX with Ether?
« on: September 10, 2014, 02:15:41 am »

Figured.  But one can hope, can't they?

How hard would it be to implement something that would enable purchase of BTSX with Bitcoin, not just BitBTC?

Anyone thinking of anything like this?

There has been talk of these types of things.  A "robot" (centralized website) that takes BTC and spits out BTSX.  The problem is pricing I believe but I suppose one could make API calls to exchanges to get the proper price and then just add your own spread.

Again though, I am not sure what the point would be since this can also be done with an exchange.

If you want to exit Ether, I think you'd need to find some escrow type agent on Ether board.  Sell you Ether for BTC then buy BTSX.  That or wait until they are liquid and on exchanges.

edit - And I'd go with Tony.  If you are going to move from Ether to BTSX do it now.  I was annoyed that I didn't move more into BTSX due to laziness and it had already went up to about 3000 satoshi.  So I spent a full day moving all my various crypto-assets. Wake up the next morning and we're at 2x.  lol.  Sometimes you win 'em.

Wait, I didn't know you could sell genesis block ether till it was trading????  The best estimate for that being February, 2015?




Pages: 1 2 3 4 5 [6] 7 8 9 10 11 12 13 ... 17