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Wow this is just FUD Adam. You like that don't you ? Ohh that because you don't have the time to read the forum right.. now I remember. That is a good excuse so you can say anything you like.Anybody checked Bter and BTC38 recently? Even their IOUs in BTSX are trading with a market cap of $20-25 million. This sucker's going to debut much higher than some folks think.
The IOUs are the only way to get BTSX right now. The supply is very limited at the moment. Once actual BTSX floods the market it will go down, just like ANY other IPO that debuts on an exchange. Then it should resume its course higher, given no major setbacks. I think there will be opportunities to get in on the cheap once more after we go live.
I really hope so...
We'll see. I've been buying some small quantities at around 0.008BTC at BTC38, but if the price drops even further on launch I'll be ready to buy even more. If BM and the others can sort out the few remaining bugs, the current state of this project is miles ahead of most other "altcoins", which bodes well for the Bitshares ecosystem.
I won't be surprised it BTSX is in the nr. 2 spot on Coinmarketcap come Christmas.
There are going to be 4 billion bitshares available on the market all at once, and you're paying .008btc EACH? That's what, $4.80 a piece, and would give a market cap of $19,200,000,000 i.e. bigger than the entire cryptocurrency ecosystem including bitcoin.
Are you aware of how much you're likely overpaying?
Anybody checked Bter and BTC38 recently? Even their IOUs in BTSX are trading with a market cap of $20-25 million. This sucker's going to debut much higher than some folks think.
The IOUs are the only way to get BTSX right now. The supply is very limited at the moment. Once actual BTSX floods the market it will go down, just like ANY other IPO that debuts on an exchange. Then it should resume its course higher, given no major setbacks. I think there will be opportunities to get in on the cheap once more after we go live.
I really hope so...
We'll see. I've been buying some small quantities at around 0.008BTC at BTC38, but if the price drops even further on launch I'll be ready to buy even more. If BM and the others can sort out the few remaining bugs, the current state of this project is miles ahead of most other "altcoins", which bodes well for the Bitshares ecosystem.
I won't be surprised it BTSX is in the nr. 2 spot on Coinmarketcap come Christmas.
Isn't it very easy to fake market depth?
How? If you put in "fake" bids/asks they can still get matched, and if you cancel them then the "fake" market depth is no longer there and trading stops
Ok so let's use that analogy on the other extreme:
I pay $100 per year to list my personal webpage with a few download links to some crypto tools I built. A few days before my lease expires someone bids $200, I'm on vacation and they get it. Replace my download links with versions that steal everyone's keys.
So now what, we have to add some logic where when someone makes a bid above you there's some minimum time you get to re-bid before you actually lose the name? I guess that's not so bad, I just have to somehow notify all my users that my site is about to get compromised.
The more concerning scenario, actually almost identical to the one you said but formulated in a way that doesn't sound irrational: Big Corp sees that my site with its new brand is quickly gaining popularity, says to pay them $10k per month or else they'll buy my name for that much because it's worth it for them to not have competition grow even if it is not possible to monetize the users for that much. This also coincidentally happens near the end of my lease, because hey it takes about a year to build up a good brand.
@adam I imagine everyone will always be using $ value to judge and so I don't think initial supply or price per share matters at all. Let's just pretend we're using USD for these, all the points made by everyone else are still valid.
Ripple:QuoteRight now, consensus consistently takes about 2 seconds (which is the minimum). In simulations, the consensus process increases with the log of the number of trusted validators. 100 validators brings it to about 3 seconds. 1,000 validators increases it to about 4 seconds. 10,000 increases it to about 5 seconds.
Based upon the latency we see in our network right now we *could* tune up the block production rate to handle 101 validators at 2 seconds. This would give complete confirmation in less than 102 seconds (51% of delegates signing).
I don't think there is much advantage to a 2 second vs 15 second block... but I am fairly certain that DPOS has proven it could scale better than Ripple.
After a talk with BM just now:
* You get back exactly what you put in, no kickbacks.
* Delegates set the number of auctions that are allowed to close in a given time to prevent domains that didn't get attention from getting sold off.
* Global, fixed renewal rate set by delegates.
@Agent86 I still do not see how you can't imagine someone with more money than you wanting to buy your name and doing something malicious with it. I would *never* rent a domain if I expect it to be possible for some rich guy I piss off to snipe it out from under me.QuoteFirst thing I do when this releases (if I don't just sell my shares) is buy every halfway reasonable sounding domain I can and promise never to sell them in hopes you guys start to "get it"
Really? You're going to sink $20,000 on a few hundred domains and not sell them for a profit?
http://coinmarketcap.com/Right, but the way many of the larger indexes calculate are based on total market cap as represented by (current price) x (total available supply).
I'm not talking about any actual change, i'm asking if this change was made to maximize placement on market cap coin leaderboards?
All coins will be available from the beginning, so nothing to do with marketcap.
This is brian and today i’m meeting with the bitshares development team, this takes me to blacksburg, a small town in the foothills of western virginia
I think that there is a lot of innovation happening with our team that people don’t realize. People are really excited about nxt or uh ethereum... but uh we have some pretty pretty cool technical achievements that um... once we have one or two blockchains out people will really start appreciating them.
