Here is a great way to kickstart the BitUSD economy - someone should fork OpenBazaar to support trading with BitUSD.

Background: OpenBazaar is to Silk Road what BitTorrent was to Napster.

The unique selling point of this is of course that merchants can sell their goods in stable dollar prices instead of the volatile prices of Bitcoin.

Check out OpenBazaar's teaser video:
https://www.youtube.com/watch?v=zAGij8FSrNc

Probably wouldnt be that much work to do either. What do we think?

Sorry if this has already been addressed before, but it seems to be an important issue.

The benefit of deterministic wallets is that you can backup once without having to re-backup everytime you generate a new address.

But the Bitshares X gui doesnt yet seem to show if my funds are credited to my imported addresses or my deterministic "Account Key" addresses.

Therefore it would be easy to make the mistake of not transferring after importing, and thinking that my backup that I did at the beginning covers all of my funds.

In the wiki it says that you have to create a 40+ character password, and save that to a USB stick / print it out.

http://wiki.bitshares.org/index.php/Bitshares-x-how-to

The password is therefore the private seed itself, and not just a way to secure a private key file.

Hasnt 5 years of Bitcoin shown us that people cant be trusted to created brain wallets ?

The internet is supposedly everywhere, yet we are all still forced to access it via a small number of centralized ISP companies, with all the obvious problems that entails.

This might just be a unworkable idea but here goes:

What about a DAC that incentivizes sharing your internet connection? I would happily share mine if software was available that made it easy and worth my while.

There has been a proposed project called TorCoin to incentivize running Tor relay nodes. Maybe this could be done in a similar way.

Max Keiser just had a guest on who gave a great overview on how banks create new money for loans, and extinguish the money when the loan is repaid. It was at times uncannily like Bytemaster's original Bitshares video:

Skip to 15:00: http://rt.com/shows/keiser-report/159940-episode-max-keiser-603/

Then they made the point that this power to create new money needs to be done more transparently with greater limits, and with real collateral. I kept thinking "Bitshares X is the answer"

As I understand it, Keyhotee does the same thing as Bitmessage in that every mail you send out is sent to every node in the network, and whoever has the corresponding private key can read it.

I cant think of any other way for a decentralized system, but is there really no alternative to this? It doesnt seem to be very sustainable with millions of users, especially on mobile devices which cant afford to constantly sieve through millions of messages.

Btw perhaps this issue should be part of an FAQ pinned on this forum.

People here are looking for ideas for new DACs, so here is a rough idea that I had to reuse the BTS X exchange system.

Imagine you have a decentralized multiplayer game implemented in a blockchain, for example a minecraft type game. There are different assets that you can use in the game world, such as wood, stone, water etc (I havent played it that much).

The beauty of the BTS exchange is that it allows assets to come into existence when buyer prices are matched with the shorts. The BTS exchange could be reused here to provide assets for use in the game. Players can decide how much of the shares they want to trade to get BitWood, BitStone etc. The more skilled they are with the game mechanics, the better they know what each asset is worth.

The only thing left to figure out is the game mechanics that would incentivize players to buy the assets. The assets need to provide usefulness in the game in terms of protecting the player against loss. In the minecraft world, the player needs to protect himself against the monsters roaming around, so he needs to build a house, needing BitWood & BitStone. Anyone here have any ideas for better game mechanics?

Building up your wealth in game assets by trading on a BTS X chain would be really fun

I wrote a python script that pulls in $ prices of various BitAssets from Yahoo finance, and automatically prices them in terms of BTS. This should help the prediction market come to consensus, and let you know if an asset is overbought/sold. If anyone thinks this is cool/useful, I can post the source.