Huge. Comparable to the transition from paleolithic to neolithic with the agricultural revolution.

States will undego a massive reduction of their power, exchanges and markets will expand dramatically, inflation plague will end forever, imaginable numbers of applications will be create on top of blockchains like Internet and the Web had allow in their time.

I seriously think Bitcoin is one of the most important invention in human history.

Guys... Counterparty protocol is working since last January.

Quote from: BldSwtTrs on October 03, 2014, 01:43:24 pm

Quote from: bytemaster on October 03, 2014, 01:09:11 pm

Quote from: liondani on October 03, 2014, 01:00:10 pm

Quote from: arhag on October 03, 2014, 12:35:34 pm

Perhaps if we had not done the inflation and marketing (or just did less marketing), we could have grown to a market cap larger than BTC anyway but just 1 year later than with the excessive marketing. Would getting to the same point 1 year earlier be worth the additional dilution of shares? I don't know, it depends on what the shareholders want (and a large fraction of the shareholders, preferably at least 50% share approval).

1 year in the crypto world is comparable with 10 years or more in other sectors... Don't you have the same feeling?

I agree with the primary point that "throwing money at the problem" without looking at the "best use of funds" is foolish.

Generally speaking there is a "natural rate of growth" that Bitcoin has adopted... means we will get there in 3 to 5 years absent competition.

I think it all hinges on competition and speed to market.   There are so many derivative based solutions on the horizon that we want to grow... there is also the fact that jumpstarting can greatly accelerate your n^2 network effect growth.   The first 100,000 users take a lot longer to get than your second 100,000 users.   

So obviously everything we do we consider "cost/benefit" and "alternatives" and "opportunity cost".     

I hope you take into account that if BTSX are diluted then it's going to have a disatrous effect on the perceived network ability to store value.

Bitcoin will forever benefit from the mythology of "there will be never more than 21 millions bitcoins" while BitsharesX will get "these guys expand the money supply on a whim in order to win more money".

PoW advocates will have a prime example of why PoS is inferior to PoW to have a money able to store value in the long run like gold is.

Well that isn't really a PoW vs PoS issue now is it?   It is a community / social issue.  Bitcoin developers could turn of PoW and directing mining rewards to development and use PoS while still saying there will never be more than 21 million BTC.   It is a matter of what the "developers" + "merchants" + "users" are willing to accept.   It is a social issue...

You will also note that for everyone that is a fan of a fixed supply, the fast majority of the population thinks a growing supply of money is necessary.  Granted their economics are all wrong, but the principle remains that each network will attract different users. 

If there is 10% inflation on a BTSX chain then the "shorts" / "longs" would factor that into their decisions.  IE: you don't go short unless you think the network will grow by more than 10% necessary to make money by shorting the dollar.    This is what makes BTSX unique.

I agree it's a social issue. That's mean perception and symbols are important. And not only within the community, but primarily, if growth is the goal, outside it.

With that decision you will choose to aim to be Google rather than Gold. There is nothing wrong with that as long you are aware that with that decision you are giving up the other path.

Quote

When BTSX will grow, the stakes will get higher and the incentive to manipulate the feeds will increase, what is the mechanism that mitigate this threat?

That's why we have voting and decentralized delegates .. if you collude and manipulate the feed, they will be voted out by stakeholders

That's mitigate the risk of collusion by delegates but what prevent the honest delagates to be cheated by corrupt feeds?

If the integrity of several feed sources are corrupted altogether due to an attack of a malicious actor it could take a while before shareholders and delegates figure out what is happenning and in the meantime monetary losses will occur.

It's weird how some people think gold is the unique source of value.

Maybe Apple should back it's share with some gold ? Maybe you should put some gold in your basement to be sure your house has value ? Maybe you should mix some gold in your food to be sure that the food you eat is valuable ?

Value comes from the human mind, if some folks deemed a good valuable, then it's valuable, period. If you love gold, go buy some, but please stop thinking it's the only source of value, it's an economic nonsense.


Besides that, it's against the whole point of cryptos. We are here because Satoshi invented a decentralized way to exchange and store value, it's a reactonary idea to add centralization to the system.

Have you heard about e-gold ? It's so 2003, but you can still try it. Oh wait... actually you cannot, because it's was not viable.

Hi,

I wish to know if it's possilbe to make a decent profit by spending time doing some non-automated market marking for the BitAssets or a if bot is indispensable for such activity?

http://www.reddit.com/r/Bitcoin/comments/2gjkpv/is_this_the_reason_the_bitcoin_price_is_not/

I was the victim of a rather large btc heist.  Once bitten twice shy.

I would love to throw some serious coin at btsx, but until cold storage or Bitshares answer to armory  comes along I just cant do it.

Too stressful holding the coins online.

If you have not been a victim of a crypto hack, then you just dont realize how easy and painful they are.

Judging by the other posts in this thread, paper wallets while not the sexiest thing in the world could be a real short/easy step to another doubling of market cap.

I would love to push the dev team in that direction.   Anyone else?

Yes, me. Cold storage is a very important feature.