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Messages - bitstopia2049

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76
General Discussion / Re: Binance DEX what the big deal?
« on: March 28, 2019, 01:17:40 pm »
yes but BitShares community is sleeping since 2015 as well :) binance dex will be the end of our beloved exchange. the leaders of this community are too busy sponsoring overpaid ''spokes people'' and approving BSIPs that make the decentralized exchange pretty centralized.  :(

Alright... I looked at your account and you started here in 2017. Don’t know how you know if it was sleeping since 2015.

We are approving things that get BitShares good publicity, like having a spokesperson who is knowledgeable and reliable.

Before making accusations of BitShares being centralized, please bring evidence. That is just FUD with no information. Very immature to just make statements in this community without evidence and only post 15 times over 2 years.


Stefan addressed this in the stakeholders thread  (https://bitsharestalk.org/index.php?topic=27747.0)

https://www.youtube.com/watch?v=57A__kqEHcA

                                          ===============================
https://www.newsbtc.com/2019/03/27/bitcoin-fake-volume-imbroglio-heats-up-is-this-where-industry-really-grows/

DEX = No fake volume

77
General Discussion / Re: bitusd peg
« on: March 28, 2019, 01:12:22 pm »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

https://cointelegraph.com/news/united-states-crypto-platform-huobicom-launches-fiat-crypto-trading

Does anyone have any experience with this exchange?   Can the foundation make a proposal to them to add BTS-USD pair..?

A direct fiat USD/BTS on ramp would be a major boon to a revamped Bitshares marketing campaign...

Obviously the sooner bitUSD is revived the stronger case the foundation can make...

Also..


https://www.newsbtc.com/2019/02/21/underestimate-samsung-galaxy-s10-crypto-millions-exposed-bitcoin/

I wonder if this announcement by Samsung had any influence on the BTS price spike on Upbit Exchange...Is Samsung aware of BTS' superior capabilities. ?

Is there a bitKRW asset? 

US$ =  1138 KRW   CNY = 169 KRW



78
General Discussion / Re: bitusd peg
« on: March 28, 2019, 01:00:03 pm »
I know nothing about video games...but is there any marketing worker focused on this sector?   
It seems that  3 second block times would be perfect for their use

There is no worker currently for this. I am working by myself on a game (idle style game) that should be theoretically possible to track on-chain. But it is slow going since it is a side project. If there was a worker that supported work like that it would make development happen faster...

I hear you...I think the sooner bitUSD is revived, along with a market cap increase, the more willingness there will be for stakeholders to allocate resources and vote for sector focused workers to be approved..

As per usual during bear markets - use the time to prepare for when the bull returns  (i.e work on improving the product)

79
General Discussion / Re: bitusd peg
« on: March 28, 2019, 12:48:12 pm »
By bidding for the settlement fund we are essentially bidding for a position at a specific bitusd/bts price?

      YES, ( and the more collateral you bid the better your position)

-If enough bids happen and this revives, we essentially skip the step of having to sell bitusd for bts in the open market after borrowing bitusd into existence?    YES, essentially

-If the above is correct and we had enough BTS backing, we could essentially open a position at $0.01 with 1k debt and 100k collateral?    YES,

but you would not want to tie up that much collateral for a relatively small amount of debt.....

a revival will only happen when the MCR is greater than 1.75....

 either because the feed price has increased sufficiently - e.g auto revival

 or because the total amount of collateral bids is greater than 1.75 x #bitshares in the settlement fund..

or some combination of both..


@bitstopia2409

How is call price calculated in the steemit example?  I am trying to figure out real life examples to bid...

https://steemit.com/bitshares/@haruka/detailed-mechanism-of-global-settlement-black-swan-and-reviving-of-bitassets
Basically...in the Alice example...

Debt / Feed Price   =>   $50 / 0.50 bitUSD/bts   =  100 bts      {so this is the current value of the debt in BTS}

Therefore  Collateral Ratio (CR) =   150 bts / 100 bts  = 1.5

The call price  =>   Debt / Collateral =   50 bitUSD / 150 bts  =  0.333 bitUSD / BTS

The main thing to remember is that the call price will change with the changing Feed Price..so therefore you want to add a prudent amount of collateral so that with price volatility you afford yourself adequate protection...or at least as much as you can afford...otherwise your stomach will churn with each price movement..

e.g  if Maintenance CR = 1.75  and Debt = 100 bitUSD  and Feed Price = 0.50 bitUSD

using the same calculation you would need 350 BTS minimum collateral and call price  0.28 bitUSD { but you should have an MCR  much > 1.75}

if you were to increase your collateral to say.. 400, 450, 500, 750 BTS then your corresponding call price would decrease to 0.25, 0.22, 0.20, 0.133 respectively
so even if there was a sudden drop in feed price from 0.50 with sufficient collateral hopefully you would not get margin called
and would have time to either add more collateral or reduce your debt position..

80
General Discussion / Re: bitusd peg
« on: March 26, 2019, 02:34:24 am »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

I know nothing about video games...but is there any marketing worker focused on this sector?   
It seems that  3 second block times would be perfect for their use?

https://www.cryptonewsz.com/blockchain-boom-in-the-virtual-games-divisions-trending-now-more-than-ever/12434/


Also I know there is a bounty program for acquiring exchange listings..

Was anyone responsible for today's BTS listing on Upbit Exchange (S. Korea) ? or are they just smart operators?

https://coingape.com/bitshares-bts-fusion-fsn-flash-rise/

81
General Discussion / Re: bitusd peg
« on: March 25, 2019, 04:34:10 pm »
I think if there is one downside to decentralization is that there is no leader or CEO to take charge and provide the drive and vision going forward...

Absolutely!

Looking at the current Stablecoin universe -  https://ecoin4dummies.com/2019-stable-coins-year-reasons/

The market leader is USDT - centralized, and main questions is does it really have the fiat it claims to back it., and suspicions around the people behind it?

USDC (Poloniex {Goldman Sachs}, Gemini $,  DAI and .Paxos - (ERC 20 tokens).. each have their weaknesses.

BTS has..

...transaction speed capability of  100k/sec  and minimal transaction costs....What's the best network speed for ERC 20 based token can theoretically achieve?

...the capability of an entity (government) to birth its own MPA...
(Wasn't there a project related to issuing EC$ - Eastern Caribbean dollar on the DEX for the seven nations of the Organization of Eastern Caribbean States?)

With growth potential embodied in BEOS (EOS), Quintric, BitSpark, multilingual gateways, merchant POS terminals, User Issued Assets, etc.,

and fundamental features of being trustless (no counterparty) and relatively energy efficient.

why shouldn't BTS smartcoins be the leader of the pack..?

A very good article here for those who need a primer...

https://multicoin.capital/2018/01/17/an-overview-of-stablecoins/

{excerpt..}
Stablecoins are one of the highest convexity opportunities in crypto. They aim to become global, fiat-free, digital cash, so the total addressable market (TAM) is simply that of all the money in the world: ~$90T. The opportunity for stablecoins is, intrinsically, the largest possible TAM. This vision is larger than that of Bitcoin itself. A fiat-free currency that’s price stable will challenge the legitimacy of weak governments around the world

....four features that a cryptocurrency needs in order to become global, fiat-free, digital cash:

    Price stability
    Scalability
    Privacy
    Decentralization (i.e. collateral is not held by a single entity, like Tether)


BTS is lagging in the Privacy area...it needs to make that Stealth feature available like yesterday..

It is entirely possible that stablecoins could provide the desired stability without maintaining a perfect peg. In fact, once economies develop around the stablecoin itself, the peg will begin to matter less and less. If merchants are willing to hold and accept USD-pegged stablecoins, and they in turn pay their suppliers in the same stablecoin, and that stablecoin is widely used as a medium of exchange, then maintaining a perfect peg becomes increasingly less important.


why should BTS (and all other crypto it seems) prices go up and down based primarily on BTC's movement? 

Particularly when the BTC price can be manipulated because ...

https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

“I think there are a few hundred guys,” says Kyle Samani, managing partner at Multicoin Capital. “They all probably can call each other, and they probably have.”


Cboe pulls the plug on bitcoin futures trading — for now
https://www.marketwatch.com/story/cboe-pulls-the-plug-on-bitcoin-futures-trading-for-now-2019-03-15

I think the sooner BTS can "delink" itself from the volatility of BTC the sooner it will be able to cut it's own path to the top -- based on its own merits..

82
General Discussion / Re: bitusd peg
« on: March 24, 2019, 04:44:30 am »
I think if there is one downside to decentralization is that there is no leader or CEO to take charge and provide the drive and vision going forward...

Absolutely!
I wish your view was multiplied by a thousand (or 10e+6)
It has been a glaring need for some time now...almost the Achilles Heel of Decentralization...and a solution needs to be found (for everyone's sake who cares about Decentralization)

By its global nature Bitshares requires motivated marketers with regional and cultural expertise or knowledge or institutional access.to spearhead multiple, simultaneous awareness campaigns.

Look, it may be an unpleasant fact to some but the reality is that bitUSD is a representation of the world's reserve (fiat) currency (for however long it lasts..) so right now what BTS needs is some sort of catalyst event..(financial, economic, political or some combo)   to spur the demand by average consumers to switch from credit cards and paypal to crypto..(essentially)

What could be a catalyst?   

One never knows, but...
e.g   https://finance.yahoo.com/news/amazon-fear-driving-retailers-microsoft-144000748.html

Amazon's increasing expansion into the grocery business was among the reasons cited by Albertson's for the move to "modernize its infrastructure and in-store experiences," according to the report. Azure was the clear choice due to its track record with large enterprises, big retailers, and the technical capabilities of its cloud.
==
https://www.referralcandy.com/blog/compete-with-amazon/

Amazon is Threatening to Kill Retailers in 10 Industries

Amazon is Worth More Than America’s 8 Largest Retailers Combined

So leverage the existential threat that Amazon represents into just one of the Top 8 accepting bitUSD... (the rest will follow because they have to be willing to take risks, be innovative and forward thinking lest they get crushed under Amazon's boot... No industry is safe...(see article link).
                  ================================
Branding, Branding, Branding...-  stand for something....BTS should be synonymous with environmentally friendly and energy efficient forget all the techno -jargon for now…(the breadth and depth of Bitshares features  and capabilities will be discovered by the masses with time.)  and it does not have to be antagonistic towards BTC maximalists or alt-coin communities…the global market is big enough so each can find its niche (see DOGE and Crypto Kitties)

Everybody needs or wants Goods & Services on some level or other…Retailers want to supply those G & S and distinguish their brand from their competitors…. somehow....
Well climate change is getting more and more mainstream media coverage...and people are taking more and more “radical” action or looking from another perspective, “ready to ditch the traditional way of doing things.”

Greta Thunberg, the Swedish schoolgirl who has inspired an international movement to fight climate change, has been nominated as a candidate to receive this year's Nobel Peace Prize. The 16-year old...

(https://www.bbc.com/news/world-europe-47568227)

So politically inspired people need Goods and Services too. and can influence their parents, classmates, teachers, etc. who in turn can influence retailers with their purchasing power. They can and will focus and leverage that power if given an appropriate tool to do so on worldwide basis.  These are MOTIVATED consumers who have shown that they will go out of their way to try and achieve their goals.... 

Bitshares is a “radical” innovation too..BTS can step up to this market opportunity with a targeted marketing campaign that includes online advertising, group leader referral campaigns, educational seminars or youtube videos illustrating BTS eco-friendliness, etc., adoption by high profile influencers.

Retailers are quite motivated to associate their brands with positive social change...BTS is a powerful and inspiring platform for them do so and be profitable at the same time..

Highly recommend reading these articles regarding Nike/Kaepernick..

https://blog.assentcompliance.com/index.php/nike-stock-benefits-from-consumer-activism-in-wake-of-just-do-it-campaign/

http://www.marketingjournal.org/stand-for-something-brand-activism-at-nike-christian-sarkar-and-philip-kotler/

Here are the numbers, via Scott Galloway, who says:

Nike registers $35B in revenues — $15B domestically and $20B abroad. Two-thirds of Nike consumers are under the age of 35. A younger consumer who can afford $150 Flyknit racers likely has substantial disposable income and lives in a city.  The term for this cohort? Progressive. Of the $20B international customer base, how many believe the US is currently a “beacon on a hill” and is handling race issues well? I’ll speculate, none. Nike has risked $1-3B in business to strengthen their relationship with consumers who account for $32-34B of their franchise. The math? Nike just did it.
What this means is that companies must understand the trajectory of the customer’s social beliefs, and race to meet them.  The leaders will, in all probability, profit over the laggards.


This is not rocket science...it's data analysis...

As the demand for stablecoins grows and increasing numbers of non-technical consumers become aware of Bitshares Smartcoins like bitUSD (or bitCNY, bitEuro, bitGold, bitSilver, etc..) that will have a ripple effect of attracting the individual and institutional traders who have the wherewithal to be market makers in various easy to grasp crypto assets like BTWTY or Twentix (http://bittwenty.com/twentix.php?&page=twentix) or other UIA's and lesser known derivatives that have very little liquidity on the DEX at the moment..

The critical thing is to do so while the windows of opportunities exist…NOW....like as I mentioned above regarding Andrew Yang's presidential campaign…(first debates are in June)..otherwise it may be too late.

…and who benefits from BTS scraping along the bottom of the Top 50 Market Cap index for another year....to the point of irrelevance, when at a minimum it should consistently be in the Top 10.

I could go on, but this post may already be in TL:DR territory and this board is not the most liveliest of places...but you get the drift...

Why don’t the BTS Whales just vote in a temporary CEO for 6 mo. or 1 yr with regular milestones to measure progress…with a big bonus for success...you know like a "normal" business?   I’m sure many on the BTS Rich List can “donate” 1% of their holdings w/o any pain!

{Label the position a "DeCEO' - Decentralized CEO}  - or something…tasked to manage the various marketing workers around the world…After all.. Whales have the most to gain...so why not?   They can go back to their squabbles and competing with each other after BTS reaches say,5% of BTC's market cap....or is that too low a goal ?!  Where's AI when you need it..LOL!


Can someone post a link to this on Discord or Steemit or wherever the Whales hangout..... (All for one and one for all, united we stand divided we fall)    Ha!


83
General Discussion / Re: bitusd peg
« on: March 21, 2019, 04:06:09 pm »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

You can reach me
 - in here
 - in telegram via @sschiessl
 - via email stefan.schiessl@blockchainprojectsbv.com

Thanks!

Visa is unlikely to ever reduce their fees..

https://bitcoinist.com/kroger-smiths-visa-bitcoin-lightning-network/

[excerpt...

US retail giant, Kroger, is no longer accepting Visa credit cards at its chain of Smith’s food and drug stores. So Anthony Pompliano tweeted an offer to hook them up with Bitcoin’s Lightning Network nationwide

........In the circumstances, it seemed only natural for somebody to suggest a crypto alternative,
        A couple of hours later a product manager from Kroger Digital tweeted a response and set up a conversation.

....The Morgan Creek Digital team will fly to meet them and get them hooked up with the Lightning Network nationwide.

...Obviously, the Ripple army dove right onto this, questioning Lightning Network’s readiness, and suggesting XRP as a better alternative....]


If the Ripple promoters can jump in why can't the BTS marketing worker make a pitch...After all, ONLY the foundation and an approved worker are the only legal reps for Bitshares..

Even if they choose BTC or XRP or something else...just by BTS marketing worker making the effort will put Bitshares on their radar screen...not to mention if it is used by a presidential campaign..

I think if there is one downside to decentralization is that there is no leader or CEO to take charge and provide the drive and vision going forward...

Given this retailer is the largest in the country..it would be easy to also show how they could also immensely profit by simply creating a loyalty type token using the HERO type business model..
in addition to their cost saving on credit card fees...

It would certainly spur accelerated development of the BTS mobile app..  Whatever happened to.BLOCKPAY as the POS terminal solution...?

Sometimes I wish Bitshares whales would just vote in a temporary CEO..so it could have a leader to  get things done.

84
General Discussion / Re: bitusd peg
« on: March 20, 2019, 03:30:09 pm »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

You can reach me
 - in here
 - in telegram via @sschiessl
 - via email stefan.schiessl@blockchainprojectsbv.com

Thanks!

OK I have sent you a PM in here..

20-03-19

coinmarketcap top 100


Market cap 140.226 billion...with BTC accounting for almost 51%

ETC ~ 500m (19)
Waves ~ 279m (25)
Doge ~ 244m (26)

BTS ~136m  (46) 0.097%
and then looking at the Blocktvity Index...and BTS has an AVI almost 1099 !   

(WAX has the highest AVI but the index counts Transactions not Operations)


So stating the obvious hyperbolically

BTS is criminally and insanely undervalued...but then again we are living in age where you don't have to be smart to get into Yale, Stanford, USC, University of Texas, UCLA, etc. or even be an athlete to get an athletic scholarship

..Makes you wonder about the engineers working on Boeing 737 Max 8..

85
General Discussion / Re: bitusd peg
« on: March 20, 2019, 04:21:21 am »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.

While BTS (marketing worker) is sleeping..or not "wasting resources"

https://www.investors.com/news/technology/fis-acquire-worldpay-payment-processing/

Fidelity National Acquires Worldpay As Mergers Rock Payment Processing

https://www.techradar.com/news/worldpay-acquired-in-dollar35bn-deal

" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."


Whales must be able to see that right now BTS could easily capture 1+% of this growing market.


Quote
OK..so "they" have an agenda....but not everything they try to implement works....e.g.  look at the current state of the EU and Euro experiment.. there is as much incompentence, lack of knowledge, and corruption on "their" side as anywhere else..
Its not incompetence.They are professionals.How do i know they are professionals ?Because majority like you is unable to see their real intentions and classify them as incompetend where in reality they follow a strict agenda which they are pushing hard.
If you would watch more closely you would see eastern europe is already in the procress creating their own union and another group being sold as the solution to the incompetent people.
History repeats and people still didn't learn anything from it.

Quote
" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."

That claim is not difficult to make knowing when the governmental coins will come out.The first one will be presented on the olympic games in Tokio in 2020.
Why do you think all big banks are splitting into investment banks and customer banks ?
Preparing for something ?

Anyway you are free to do what you want and in what you belive.

Wish you good luck

Thanks..I think if the BTS community pulls together anything is possible..
Bitshares can be a useful tool, whether in Eastern Europe or anywhere in the world..

The Big Banks (US) were initially separated into retail banking and investment banking since 1933 before President Clinton signed a repeal of the Glass-Steagall Act in 1999...Predictably their Greed ran wild and we had the financial meltdown in 2008..

Yes it is true, if you do not heed the lessons of history you are doomed to repeat it...

So let's be smart and not repeat it...Bitshares  {I also understand EOS is outpacing ETH in terms of platform adoption}  being part of the Graphene family is a major advantage...The BTS community (& marketing) just needs to show the world...Who knows maybe the "professionals" will get a surprise in Tokyo 2020  :-)

86
General Discussion / Re: bitusd peg
« on: March 20, 2019, 03:44:43 am »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

87
General Discussion / Re: bitusd peg
« on: March 19, 2019, 01:58:04 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.

While BTS (marketing worker) is sleeping..or not "wasting resources"

https://www.investors.com/news/technology/fis-acquire-worldpay-payment-processing/

Fidelity National Acquires Worldpay As Mergers Rock Payment Processing

https://www.techradar.com/news/worldpay-acquired-in-dollar35bn-deal

" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."


Whales must be able to see that right now BTS could easily capture 1+% of this growing market.

88
General Discussion / Re: bitusd peg
« on: March 18, 2019, 05:31:16 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.


I don't have much time now...but let me say this..

OK..so "they" have an agenda....but not everything they try to implement works....e.g.  look at the current state of the EU and Euro experiment.. there is as much incompentence, lack of knowledge, and corruption on "their" side as anywhere else..

Governments are not infallible...As history has shown every empire eventually implodes.not always for the same reasons..

My only suggestion here is that the BTS community collectively has to do something to raise the profile of BTS...

It has many advantages, in technology, finance, economics and energy consumption...there is no harm in trying to wake up a relatively small but influential part of the population to this fact..and at the same time be aware of the issues and dangers you speak of...

The irony is that BTS and its future iterations maybe the solution....

89
General Discussion / Re: bitusd peg
« on: March 18, 2019, 02:13:07 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

90
General Discussion / Re: bitusd peg
« on: March 17, 2019, 05:09:25 pm »
is there anything being done to help restore it ?

https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Maybe a marketing worker or the foundation could be tasked to show his campaign  how a smart contract and/or multi-sig wallet could ensure his campaign does not run afoul of the law -- i.e. receive contributions from US citizens only..

any BTS dev (Notestein?)could show that DPOS is by far the most eco-friendly crypto compared to the energy consumption of PoW consensus..
Climate change is going to be a major campaign issue obviously..

It could also inspire adoption of BTS and give a competitive advantage to dozens and dozens of vendors/contractors who want to supply tens of millions$ goods and services to the campaign
as it grows...think how much the vendors could save just on credit card fees alone..

Does Taggart or Stan read this board?  It is rare to have presidential candidate that understands crypto..

Anybody got any other BTS moon shot ideas?

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