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Messages - BldSwtTrs

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Follow My Vote / Re: [ SNAPSHOT: 8/21 ] VOTE
« on: August 02, 2014, 09:44:47 pm »
I don't get the business model, why should we except people will want to pay to vote?

General Discussion / Re: Has mastercoin finally died?
« on: August 02, 2014, 05:40:06 pm »
Is anyone else tired of seeing the tonne of coins that say that they can do decentralized exchanges? Everyone is promising it including Mastercoin, yet we havent seen anything real yet. Check this out:
The Master Protocol enables the peer-to-peer exchange of any cryptocurrency or token with any other cryptocurrency or token.

Really? So why is Mastercoin tanking, and why are people still using and cryptsy if Mastercoin can do that? It seems like some people just like to blow a lot of hot air.

I tried using the counterparty wallet for the first time this week so I could sell half my Proof of burn XCP and buy more BTSX. It was alright. The speed was the big killer though. It reminded me of the nineties when I'd click on two audio songs, go to sleep and hope they'd downloaded by morning.
I presume they're going to have their own faster side chains or something soon enough but doing anything at that speed is just ridiculous. Especially when BTSX exists.
In capital markets, settlements of securities take three days. Three fucking days. And it's take all the middle and back office of investment banks working hard to sort it out.

A settlement which happens automatically in 10 minutes it's huge. I'm convinced Counterparty will have tremendous utility in the future.

General Discussion / Re: Kevin Harrington and St. Martin
« on: July 31, 2014, 12:49:23 pm »
Half the attendees purchased BitSharesX (if you noticed the 20% bump this morning- that was these guys). Great things in store for all of us....   B
24h volume is 224,000$. Looks like small players.

General Discussion / Stripe perspective
« on: July 21, 2014, 10:38:53 pm »
An interesting reading from Stripe people on what will be the future of the crypto economy:

Honestly what they describe is a watered down version of what I have in mind, a sort of worst case scenario. But I remember heard Marc Andreesen saying that all people at the begining of the Web thought Internet would be bigger than it is today. Maybe its an human tendancy to overestimate how the world will change because of a technology, maybe Stripe guys are closer from the truth than me.

General Discussion / Re: BTSX is taking off!
« on: July 12, 2014, 04:58:40 pm »
It will go up a lot eventually, but right now its a demand/supply issue.
It will always be a demand/supply issue  ;)

General Discussion / Re: BitShares X sales pitch, input welcome...
« on: July 10, 2014, 08:27:53 pm »
Do you think I should go into how the market peg works, if it will work etc?
Definitely. It's the big question every smart people will ask themselves.

I tried to promote Bitshares X some months ago but people where dubious about the existence of the market peg. You will probably get the same reaction. Even myself, I will only believe in it once I see it working.

What "80% allocated via delegates over ten years" means?

General Discussion / Re: Initial price for a XTS
« on: July 03, 2014, 09:06:23 pm »
I little bird told me that there may be something released real soon so these speculative pre-trades may be for very short-lived advantage.
When is soon?

General Discussion / Re: Peter Diamandis bulluish on cryptocurrencies
« on: June 23, 2014, 06:18:03 pm »
"Considering bitcoin - watch this space." Aubrey de Grey.

Transhumanists are coming indeed, maybe Kurzweil will be pissed off because he did not predict it  :P

I'm going to post a comment here that is perhaps not entirely OT.

According to Bytemaster the act of moving funds around is beneficial to the network.

The "silent long term holders, who might not have the technical knowledge, time, or interest to continually remember to shuffle around shares in various DACs" are exactly the people that should be negatively incentived to actively care for the network, rather than sit on their money and passively watch it grow.

Keyhotee (afaik) is a possible solution for the myriad of online holdings one will acquire over the years.

Up the inactivity fee to 50% for all I care.

Thomas Piketty anyone? :)
Talking about Thomas Piketty is certainly the worst way to advocate that fee.

General Discussion / Re: Google is Satoshi Nakamoto
« on: June 21, 2014, 09:00:58 am »
Am I the only one to think that thesis is utterly nonsensical?

General Discussion / Re: at 50%+ ?
« on: June 13, 2014, 12:15:55 pm »

General Discussion / Re: Critical Mass or Fratricide?
« on: June 06, 2014, 12:04:46 am »
Definitly not the same days imho. The market would have no idea how to price a bunch of new cutting-edge technologies and produce some retarded and erratic valuations.
It's better to let the market discover a bit what was the first product and thus assess what might worth the following ones. I think a 2/3 weeks separation is best.

LottoShares / Re: Check your expected LottoShares balance for AGS
« on: June 05, 2014, 10:00:03 pm »
I haven't check every adresses (there are a lot) but those I do are OK.

Btw, thank you FreeTrade.

It's just a fork of Monero, same final supply but more expensive right now, and less evenly distributed.

Pump & dump

Fork of Monero? Monero is a blatant bytecoin clone, its great innovation was to mine %80 of coins in 4 years instead of 2.

The emission curve is ridiculous, benefiting only early adopters.

Quasar was created to provide a fair mining period free from instamine.
Yes Monero is a fork of Bytecoin because Bytecoin is a shameless premine. Bytecoin was not advertise, only few people was mining it in underground.

Now can you tell me how the public CPU-mining of 80% coins in 4 years is anywhere near what is commonly know as instamine? 

If you think a "fair mining period" is a "very long, endless mining period with permanently high rewards", I am afraid your concept of fairness is flawed.

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