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Messages - speedy

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General Discussion / Re: Best Selling Option
« on: September 24, 2015, 09:26:12 pm »
People LOVE the idea of having 10000 potential block producers with no barrier to entry.  But what this really means is that people love having the ILLUSION of direct control.

BitShares is supposed to be an exchange, so what people love is having all their trading needs fulfilled. If you go to the polo troll box no one cares how many block producers there are. What they care about is this:
-Variety of markets accessible in one place
-Lending for shorting
-Talking to the community of traders (troll box)
-Beautiful trading GUI

We dont yet have any of those things.

What are you going to do with your Bitshares wealth once your coins hit upwards of $100?

So just a 10000x increase from where we are now? Yeah right...

OpenLedger / Re: CCEDK, you should copy Poloniex's interface and features!
« on: September 22, 2015, 10:07:14 pm »
Has CCEDK given any info about how their interface will look post 2.0 & after integrating with Graphene?

Technical Support / Re: Vesting and 2.0
« on: September 21, 2015, 12:31:35 am »
Yes unfortunately.

General Discussion / Re: Bitshares price discussion
« on: September 20, 2015, 10:37:48 pm »
how will our Bitshares holdings be effected when 2.0 launches...i heard something about a genesis block and this going to effect the current supply of a crypto noob pretty much just investor...will this effect my Bitshares holdings ?

Your holdings in 2.0 will be exactly the same as now.

Isnt it the case that people will quickly learn about the best damn DEX when CCEDK +others integrate BitBTC into their backend?

General Discussion / Re: Bitshares price discussion
« on: September 18, 2015, 01:16:08 am »
Because after 2500 there is very little supply for a long way.

"little supply for a long way"? ? ?  The higher it goes up the more tempting it is to send my coins to an exchange and sell.

Stan, is openledger trading market pegged assets or UIAs?

Unlike most exchanges, you control your own private keys, so funds remain yours even when you’re trading with them. No one can reverse a transaction or freeze your account. Similarly, the exchange’s funds are all on the blockchain, totally transparently - so they can be audited by anyone, any time.

As I understand it the only way this could work is if when you deposit Bitcoin into CCEDK they give you a market pegged asset (BitBTC) in return on the BitShares blockchain. A UIA that represents BTC would become worthless if the exchange was goxxed.

What if you deposit BTC and there is no BitBTC available to buy because no one is shorting it?
And what about for all the other altcoins where there is no volume to support a market pegged asset?
Also, what about the accusation that CCEDK as an exchange would then be operating on fractional reserves because they had to sell your BTC deposit for some derivative BitBTC that most maximalists dont want to believe even works?

As BitShares supply can be deflationary if more fees are burned than new BTS released you can still grow your BTS holdings relative to total supply just by holding. Just like a stock buyback.

This isnt going to happen for at least another year. Calculations:

daily = 5e8 / (365 * 2)
684931 // new shares/day from vesting
daily * $0.004611

Until the vesting ends, BitShares needs to generate at least $3158/day in fees to be deflationary, and that doesnt include delegates.

Technical Support / Re: What happened to the 30 million BTS
« on: September 14, 2015, 10:25:34 pm »

I just talked with the FMV team and they have plans to launch a service on the BTS chain this year.

That's it???? After all, that's it? This year?

You are talking many people let you down. Think about hundreds or thousands or tens of thousand investors YOU let down.

BM hasnt let anyone down, listen to the latest mumble and you get a sense for how hard hes working, and that no one in cyrpto has as the vision he has. The conversation on conflated roles in blockchains was awesome.

Technical Support / Re: What happened to the 30 million BTS
« on: September 14, 2015, 06:38:36 pm »
This guy has done jack squat for Bitshares. Maybe Bytemaster should demand a return of the BTS and or the privatekey related to the still vesting BTS?

+5% That would mean BM could bring some accountability to the project without changing the rules.

There have been many individuals whom have let me down since I started BitShares and these individuals have walked away with several hundred thousand dollars in total.

Dwelling on the "woulda, coulda, shoulda" does nothing but destroy our future potential.   

I understand you just want to move on from this, but 20M BTS being dumped over the next year (as you said) will be a huge cost to the DAC equivalent to all the money wasted by mining. If BitShares is not going to be profitable for another year then what is the point?

General Discussion / Re: When we will see BTC/BTS parity?
« on: September 13, 2015, 07:59:06 pm »
We wont see parity (or even profitability) until all the merger giveaway shares have finished vesting and a famous whale has finished dumping to pay uncle sam.

Technical Support / Re: What happened to the 30 million BTS
« on: September 12, 2015, 01:45:34 am »
Follow my vote is actively developing a voting platform that will use bitshares network as the back end. 

Which will do more damage, arbitrarily changing the rules to take funds from Adam *OR* having Adam dump 20M BTS over the next year?

I believe that the dumping will do more damage, and you seem to be acknowledging thats what Adam is going to do - dump them.

No one here believes the voting platform is going to have any positive impact on BitShares. We just have your (valued) word for it as not even Adam is here explaining why its worthwhile. If Adam's voting platform is so good then why doesnt he have a delegate? But that would mean campaigning and actually communicating with the stakeholders which is not his style.

Its not an arbitrary change of rules - the community is finding concensus on a new genesis block and everyone is free to make their own if they think they can do a better job. Its an opportunity to fix past mistakes.

I remember adam being confused and offended when I asked how he planned to spend it on behalf of bitshares.

You asked Adam a legitimate question and he got offended? That says a lot.

Technical Support / Re: What happened to the 30 million BTS
« on: September 11, 2015, 11:39:49 pm »
It seems that BTS isnt falling towards the whales 1600 buy target fast enough, so newmine's whale masters have instructed him to reignite the fud attacks.

Seriously? He is right to bring this up.

Delete the still-to-be vested 30 million from the 2.0 genesis block, or this will haunt us for years.

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