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Messages - Riverhead

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136
Technical Support / Re: I need some help with recovering
« on: January 09, 2016, 10:35:45 pm »

If your missing accounts are rollovers from BTS0.9.x you can just reimport the private keys. If you don't have the keys you can fire up the 0.9.x client, open your wallet and get they keys. The chain does not need to be sync'd to do this.

Thanks, but funds have been claimed...

As long as they were claimed by the account from 0.9.x you're fine. Just create a new wallet and import the wif key again.

137
Technical Support / Re: I need some help with recovering
« on: January 09, 2016, 08:19:39 pm »

If your missing accounts are rollovers from BTS0.9.x you can just reimport the private keys. If you don't have the keys you can fire up the 0.9.x client, open your wallet and get they keys. The chain does not need to be sync'd to do this.

138
General Discussion / Re: Someone Give Me a Reason To Keep Holding BTS
« on: January 08, 2016, 02:17:27 am »
And who is going to buy back my BTS shares? At which prise?


It's in the docs under reserve pool and refund workers.


https://bitshares.org/technology/stakeholder-approved-project-funding/




139
General Discussion / Protocol vs Business Development
« on: January 07, 2016, 11:21:04 pm »

A lot of keys have been hit in anger about how centralized Bitshares is around CNX when compared to other projects. However I think there is the false confluence of businesses developing on a platform vs developing the platform.

As far as I can tell nearly every 2.0 project has a small core of dedicated platform developers and, especially in Ethereum's case, a ton of 3rd party developers ON the platform.

Are we really so different?

140
The brain key will restore accounts created with that wallet but if you had imported a wif key that account would be lost.

141
General Discussion / Re: Someone Give Me a Reason To Keep Holding BTS
« on: January 07, 2016, 10:01:46 pm »
If you have to ask this question then maybe it's time for you to sell.

If you cannot find an objective and rational reason to hold, to stay, then perhaps you shouldn't.
I feel like bitshares is stuck between is it a platform for other businesses/developers to build on or is it an exchange company?

In either case there are design issues.  For example no way people are going to build on a platform where in order to get your app/business on you have to get people to vote for it etc.

Alternatively look at ethereum...its clearly a platform that wants others to build on top of it.  And many have already.

We all have complains and concerns. I've complained about the lack of micropayment capability as being a main hindering factor. I've complained about the lack of bonds or similar functionality as being a limiting factor. Of course there is no place to collect yield in Bitshares 2.0, so of course there are a lot less people holding in Bitshares 2.0. What did anyone expect?

And of course BitUSD isn't successful because without micropayments it never will be. People around the world and in poorer parts of the US are getting paid in what Silicon Valley developers would call micropayments. Without the ability to pay micropayments you miss the majority of payment types which take place online.

Now it's time to be tough. You can either hold no matter what, even if BTS goes to  0.001 and lower, and wait the situation out, or you can sell now and get out before the next seemingly inevitable price drop. Until the exchange has bond markets, lots of unique assets, prediction markets, stealth, and we have micropayments, we can't really say Bitshares 2.0 is good enough to deserve a $100,0,000,000 marketcap or even a $50,000,000 marketcap.

Bitshares is at a low price because that is where it's current utility is. Unless more utility is built around it, it's not supposed to be priced higher than it's worth. Ethereum is actually over priced due to hype and should be $20,000,000 or less, but it's Ethereum.

Hahah i don't know why you're stuck on micropayments. That's simply not where the money is.

I sold a month or so ago when Dan made the post about vision. I realized then that this going nowhere. Dan's too much of an idealist and this project has lived and died by that ethos.
Dan's use case is ideological but the platform isn't.

142
General Discussion / Re: Someone Give Me a Reason To Keep Holding BTS
« on: January 07, 2016, 09:46:41 pm »
  For example no way people are going to build on a platform where in order to get your app/business on you have to get people to vote for it etc.

Alternatively look at ethereum...its clearly a platform that wants others to build on top of it.  And many have already.

This is incorrect. The only time a business needs votes is if they require a protocol change or expect the blockchain to pay for something.

To contrast with Ethereum, which also freely allows anyone to build on top of it, there is no mechanism for shareholders to vote for features, forks, etc. A problem they are currently struggling with.

I don't mean to say one is better than the other but there is a bit of "grass is always greener" going on.

143
General Discussion / Re: Bitshares price discussion
« on: January 07, 2016, 08:35:58 pm »
the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.

Wow thank you Riverhead!! +5% +5% +5% :D :D :D


Let's also not forget Metaexchange, Blocktrades.us, Bunkershares, Sharebits, OpenLedger, Transwire, and I'm sure a bunch I don't know yet. These people are not going to walk away because a whale flounced.


144
General Discussion / Re: Bitshares price discussion
« on: January 07, 2016, 07:04:21 pm »
The idea that margin trading contributed to the severity of the drop seems reasonable to me also, given the drop mainly seemed to happen on poloniex and not the chinese exchanges.
Yes there is a smaller drop on Yunbi.
Since Btc38 temporarily suspended withdraw/deposit due to the urgent fix or some other reason, there is a much smaller drop.

I noticed that, but it is interesting that the BTC38 price was able to hold strong during all this...lots of buying pressure in the low 0.02 CNY and below level. Hell the 24 hour volume is around $140k there, and the price quickly rebounded from 0.0189 back to 0.0211 now. Someone on BTC38 is buying a hell of a lot of shares.


It's possible that one whale's exist is another whale's ticket to ride. Regardless the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.


Chin up folks. A holder re-org is hardly the end of the world.

145
General Discussion / Re: Bitshares price discussion
« on: January 07, 2016, 06:53:32 pm »
I have to say thanks to @xerox because I read a comment from him yesterday saying that the stealth proposal was already approved and have not return. Then I get angry and sold my at 750 range. Thank you xerox.


 ::)

146
General Discussion / Re: Bitshares price discussion
« on: January 07, 2016, 05:39:36 am »



Ouch. Check out the volume on BTS:USD. If this was a squeeze play then - well done. The entire BTS:USD order history is margin calls.

147
Muse/SoundDAC / Re: why not cath up bts2.0'update?
« on: January 07, 2016, 03:17:33 am »
any muse people here to answer it??????????????????????????????????????????????????????????

I think they are busy doing things like singing Taylor Swift......like what they did in the past 19 months.
The wallet things are too small, not worth paying attention at this moment.


The wallet is high on their list as it will help people claim their balances. As has been discussed in other threads Graphene core expertise is in high demand and short supply which translates into a queue.

148
General Discussion / Re: The Benefits of Proof of Work [BLOG POST]
« on: January 07, 2016, 03:12:38 am »
That said, I do like the idea of fixed-deposit interest payments in the blockchain. Are there any altcoins that implement this yet?

If not, I think a simple altcoin with interest payments would be easy for people to understand and exciting to both investors and speculators.

Little bit of discussion on this -

https://bitcointalk.org/index.php?topic=1317065.0


https://en.wikipedia.org/wiki/Guaranteed_Investment_Certificate



149
Freebie / Re: What is this PM about?
« on: January 06, 2016, 10:29:16 am »
crapcoins

If only this forum had a sense of humor, we could have some fun right now.  :-\
Happy days will return.

150

Site down? Link in OP doesn't work :(.

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