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Technical Support / Re: One of my account is not showing
« on: December 13, 2014, 01:48:09 pm »
So i have installed 0.4.26 and my account is still missing... I start to be worried 
What can I do?
What can I do?
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32
Technical Support / Re: One of my account is not showing
« on: December 09, 2014, 11:07:10 pm »Have you tried the approaches inYes, I have tried these tonight and that doesn't help.
http://wiki.bitshares.org/index.php/RecoveringFunds ?
When I try to rescan at the end I have a message :"Failure during transaction scanning".
And when I write "wallet_regenerate_keys ACCOUNT-NAME 1000" I have some stuff written in the console with which I have no idea what to do.
The bottom line is that I still don't have access to my funds.
33
General Discussion / Re: Economics on BTS 101 : Market cap is not our wealth to spend easily
« on: December 02, 2014, 12:30:54 am »You are wrong. If a company sells shares to raise capital the MarketCap would grow proportional to the increase of cash reserves on the balance sheet and the share price would stay flat (in a perfectly efficient market).I am afraid you are wrong on this one.
If a company sells shares to raise capital the book value would grow proportional to the increase of cash reserves on the balance sheet and the share price would decline (in a perfectly efficient market), and the market cap would remain the same.
Share price only increase if earnings per share increase. If they are more shares for the same earnings, share price drops.
34
General Discussion / Re: The unfortunate future of Bitcoin.
« on: November 29, 2014, 03:59:54 pm »
How many people have predicted the death of Bitcoin?
A funny thing to consider is that in 1995 Bob Metcalfe himself predicted the death of Internet for 1996.
I predict 2015 will be the last year where people will still dare to call the death of Bitcoin. By 2016 it will become self-evident that talking about a future without Bitcoin is nonsensical.
A funny thing to consider is that in 1995 Bob Metcalfe himself predicted the death of Internet for 1996.
I predict 2015 will be the last year where people will still dare to call the death of Bitcoin. By 2016 it will become self-evident that talking about a future without Bitcoin is nonsensical.
35
General Discussion / Re: Why I learned to Stop Worrying and Love Sparkle
« on: November 28, 2014, 03:50:59 pm »Fair enough, I should have explained better what I mean with gold: I were talking about gold as a ledger technology.QuotePublic Good - a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
I think your definition of Public Good is rather broad to have any meaning what so ever. Gold is not a public good, it is owned by one person at a time. To claim "the value of gold" is a public good would apply to all goods so as to make your definition meaningless.
Basically I think gold is valuable because it's the most widely recognize universal ledger (the most reliable for now, but I think the ascent of Bitcoin will move that ranking), and therein, the better store of value.
The units of gold are indeed rival. But the discovery of that ledger technology benefited every body, and created tremendous positive externalities.
With Bitcoin the same applies: bitcoins units are obviously rival, but Bitcoin, the protocol, is non-rival.
Quote
When I say it is statist I do so because the "public good" argument is used to justify government control over every single "public good" industry. So clearly they want to define it as broadly as possible. They include everything from Roads, to Education, to Healthcare, to Money, to Police.I agree, the term public good is probably more confusing than helping. I'd better say it's a technology which create value by it's very existence. And what allows this technology to exist, and therefore creating the value associated with its own existence, should no be considered a waste.
The Public Good argument is so broad that it consumes over 50% of the US economy as measured by Public Spending.
So when you claim BTC is a Public Good and that mining makes good Public Goods when in reality BTC is a private currency and mining is a private enterprise it shows a huge logical inconsistency which needs to be resolved.
The next question is: can one create the same value while consuming less resources by tweaking that technology? And my position is that by tweaking the technology you are modifying the kind of value which is created (ie. the two technologies don't served exactly the same human purposes).
The purpose of establishing a new universal ledger is better served by PoW (because of the inerty it creates). And the purpose of leveraging the possibilities open by the blockchain technology, other than the universal ledger function, are better served by PoS.
36
General Discussion / Re: Why I learned to Stop Worrying and Love Sparkle
« on: November 28, 2014, 02:35:39 pm »Public good it statist think. Economy always matters.Yes so the protocol makes the coin scarces and PoW makes changes in the protocol more difficult. So if we follow the causal chain we get that PoW protects the scarcity better.
There are many fallacies in your post. Proof of waste does not makes coins scarce. The protocol does. In fact proof of waste makes coins more abundant than necessary by diluting to pay for the waste.
I am not a statist, the term public good is not necessarily politically loaded. It's an economic concept first and foremost. Language is a public good, alphabet too, gold too. I can use them and enjoy their value freely, unless other people use some force and politics to prevent me to do so. All technological advances create public goods (and it doesn't prevent their users and inventors to profit from them economically), public goods are the byproducts of the market. They are just a specific type of positive externalities.
The alphabet create so much value that it's worth it to waste (!) some time to learn it. Gold used to create so much value for its users that it's worth it to "waste" some capital to mine it.
Your position is that PoS can create as much value than PoW, with less cost. But I think your position is oblivious to the fact that a good chunk of the value created by PoW is specific to PoW. The value created by PoW is not homogeneous with the value created by PoS.
PoS and PoW both create different, non-fungible, kind of value. Therefore the way of thinking "the costs are lower with PoS while the value it creates is potentially the same, so PoW is absurd" is flawed.
Quote
But like I said we will agree to disagree and support the sparkle experiment. Obviously people who think like you will value sparkle more than bts.I think PoS is good for doing what BTS is doing (ie. banking and exchanges related services, DNS...), whereas PoW is good for doing what BTC is doing (ie. stable universal ledger related services).
Therefore I think BTS will not remplace BTC, and I think sparkle will not remplace BTS.
37
General Discussion / Re: Why I learned to Stop Worrying and Love Sparkle
« on: November 28, 2014, 01:19:48 pm »How can you say it's absurd when your actions have shown how valuable mining is?Anything that honors AGS/PTS/BTS will always have my support and I will never dump.
Anyhting that honors DOGE,BTC etc no matter how promising it is ...no support sorry..
to sparkles
That's cult mentality. If someone respects the social consensus, no need of critical thinking anymore ? Even if it's someone that never delivers anything, full support accorded ?
I hold BitShares because it's the best product out there, and because I believe that mining is absurd. And BitShares is slowly abandoning the argument "mining is absurd" because now it offends sparklers. That's a big shot in our foot.
No, I am not abandoning the idea that mining is absurd. It is clearly absurd!
With PoW the BTS/BTSX protocol wouldn't have change. PoW is better for preserving the scarcity of the tokens and that definitely has a price.
If we have to spend dozen of billions $ each year to have the most reliable and usable ledger of the history of mankind, that's not absurd to pay that price. You have construct BTS with the paradigm of profitability in mind. That's all well and good, but BTC should rather be judge as a public good rather than as a business. Profitability doesn't matter for BTC, what matter are security and stability.
BTS is a business, BTC is a public good. I think what is absurd is to think they both have to be conceptually molded in a the same single paradigm.
38
Technical Support / Re: One of my account is not showing
« on: November 27, 2014, 11:52:03 pm »So when does that 0.4.25 version will finally come into fruition? I don't have access to my funds since 2 weeks... It's annoying.Hi,
I have upgrade my wallet to 0.24, I have two accounts.
At first all was OK but then I have browsed a little bit on the wallet, I have clicked on one of my account, then browse again and now I cannot see that account anymore. When I go to the "My Accounts" I only see one account of my two accounts, the second account have disappear...
Bugs in previous versions combined with some changes in 0.4.24 caused this to happen for some people. It should be fixed and your account will come back in 0.4.25: https://github.com/BitShares/bitshares/issues/975
39
General Discussion / Re: ripple-style IOU gateway functionality!
« on: November 23, 2014, 08:08:41 pm »Now bter has 100+ BTC volume on BTS .Who's going to trust this 1000+ people with their value?
Imagine 1000+ people offers even 0.1 BTC quota to operate a small gate way in order to let BTC value in and out of the system, it would be more than bter's volume , and less risk (decentralized gateway group) .
It would easily multiple BTS volume with a lot small gateways .
As far as I understand with Ripple you need to trust the gateways, so I see no value in having a lot of small gateways with no reputation.
40
General Discussion / Re: ripple-style IOU gateway functionality!
« on: November 23, 2014, 06:52:01 pm »
I don't understand what are the ramifications, could you please enlight me?
41
Random Discussion / Re: Illegal security offering?
« on: November 19, 2014, 07:37:30 pm »
Thanks, I'll read that.
42
Random Discussion / Illegal security offering?
« on: November 17, 2014, 12:24:50 am »
Hi there,
Let's consider a completely hypothetical situation: I want to start a sort of hedge fund that invest in cryptos.
The shares of my fund would be available on a decentralized exchange (NXT AE, Bitshares, Counterparty, whatever...). I wouldn't plan to register with any regulatory organism. I would only invest, increase the wealth of people who trust me, and take a well deserved performance fee. I wouldn't be anonymous, my identity would be disclose. Let's also say I wouldn't accept US investors because the SEC looks annoying (but without any means to enforce the interdiction).
What law am I breaking? What am I risking?
Let's consider a completely hypothetical situation: I want to start a sort of hedge fund that invest in cryptos.
The shares of my fund would be available on a decentralized exchange (NXT AE, Bitshares, Counterparty, whatever...). I wouldn't plan to register with any regulatory organism. I would only invest, increase the wealth of people who trust me, and take a well deserved performance fee. I wouldn't be anonymous, my identity would be disclose. Let's also say I wouldn't accept US investors because the SEC looks annoying (but without any means to enforce the interdiction).
What law am I breaking? What am I risking?
43
Technical Support / One of my account is not showing
« on: November 14, 2014, 05:27:18 pm »
Hi,
I have upgrade my wallet to 0.24, I have two accounts.
At first all was OK but then I have browsed a little bit on the wallet, I have clicked on one of my account, then browse again and now I cannot see that account anymore. When I go to the "My Accounts" I only see one of my two accounts, the second account have disappear...
I have upgrade my wallet to 0.24, I have two accounts.
At first all was OK but then I have browsed a little bit on the wallet, I have clicked on one of my account, then browse again and now I cannot see that account anymore. When I go to the "My Accounts" I only see one of my two accounts, the second account have disappear...
44
General Discussion / Re: BitsharesX Marketing Slogan
« on: October 20, 2014, 02:26:38 pm »
The Future starts now
45
General Discussion / Re: Non-Dillutable BTSX
« on: October 19, 2014, 09:34:22 pm »Imagine the following:Then you would be a free rider benefiting of the increase revenues cause by the dilution without any cost.
As a user I'd like to have non-dillutable share in BTSX.
For example I want to buy 1% of all BTSX shares and retain this 1% regardless of future BTSX dillution.
Of course the price for such shares could be higher and they should not be allowed to vote.
Is such mechanic useful, beneficial ?
What do you think?
I think the best way to allow one to not be diluted is to allow old shareholders to buy the new shares before they are offered in the open market
