Look for expanding markets all you want, i think we will see a fast move up within the next few days

Has anyone else figured out a good spot to park ETH other than Poloniex? I would like to diversify out of the exchange a bit.

For perspective:

If the network were to take 0 fees on everything.
With 1,000,000,000 in reserves, you can safely pay witnesses for 130 years. ($100 per 21 witnesses per month)

$30,000 per year to pay all witnesses. $75 a day.

After 130 years, can BitShares bring in $75 a day? or will we have to dilute? (:

BitShares itself can be seen as a giant FBA, even with 0 fee.  You can buy the token(BTS). Develop your upgrade/smart contract/feature and get paid from the market interest(market-cap) in the platform because of your, or any other, feature.  It becomes even more attractive when your specific feature can also be an FBA and you more directly benefit from its use.

We are all incentivised to build our feature on BitShares because of the market increase. 
We are all further insentivised to charge a fee for our feature that the market will bare and reward us for our effort.

Taxing over-rate-limit use and special or limited-supply core features(SmartCoin creation, Short names, etc) could be enough to cover everything.(after 135 years)

Remarkably, BitShares can actually afford near zero fees.  The wide-open frictionless nature is a huge advantage, simplifies everything, and puts whatever profits can be made, directly in the hands of business. 
 
For a jump start(early on) or later for odd situations where there is no other means or incentive to fund changes or development(unlikely/very rare) we can agree to cut our 135 year cushion or agree on a tax somewhere to pay for it.  With heavy use we would be adding to the cushion. Tax could end once paid for.

I think BitShares is so efficient that this task of paying to maintain the system, when mature, will be laughably easy.   

BitShares can be invisible...        , indestructible(graphene) and suitable for any and every form(~plasma).
Business and entrepreneurs will take BitShares to the moon, we just need get out of the way.

Quote from: aloha on February 07, 2016, 02:28:32 pm

Quote from: TravelsAsia on February 07, 2016, 01:18:00 pm

Quote from: jakub on February 06, 2016, 03:27:51 pm

bitcrab is a businessman, not a solution seeker interested in finding good incentive structures.
That's why he got a response like this - for pushing his interests above the interests of the whole system.

No, bitcrab received the response he did because some people think it's more productive to attack the person rather than the idea. It was an embarrassing thread to read.

Personal attacks on bitcrab shame this community. Discussion and arguments should not be about personal attacks but about ideas.
Those who attacked personally bitcrab using vulgar language should be ashamed of themselves.

Please offer some understanding to people who have put their time and money on the line to build business around BitShares, not to be wiped out by a sudden change of rules.
They react passionately because they've risked a lot and have a lot to lose. Whereas it's easy for you to stay calm and advise them to be ashamed, as you have much less to lose.

This would be nice to announce. That's the same as stealing 1% of all the coins! We announce it and advise for OpenLedger.

@Ander now that I checked, didn't they already have that? I remember when you deposited you would get + 1% and when you withdrew they would take it away from you again? Could someone explain it to me? I really dont know the difference between now and before, I'm confused. I think this is not new??

if I mention this to vitalik , will he remember you ?

sorry , we just have seen a lot of fake news in the past , it's customary to check before being happy . 

@fav , please move this to Random Discussion. BitShares is not mentioned substantively in the article. The post has no relevance on this board.