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Messages - yellowecho

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61
BTS (and other 2.0 projects) aren't pump and dumped on BTC rises like all the alts.. their growth is more fueled by advancements in the technology and network effect.  If BTC and alts stay bullish, the market will equalize eventually and BTS will rise. 

I'd also like to point out that AGS/PTS holders don't have any losses yet.. while the fundamentals haven't been stronger.  I'm holding confidently.

62
General Discussion / Re: Anyone else keeping an eye on VOAT.CO?
« on: July 07, 2015, 01:51:39 pm »
Some great ideas so far, Permie!

63
General Discussion / Re: Anyone else keeping an eye on VOAT.CO?
« on: July 07, 2015, 03:32:18 am »
From their wiki:
Quote
In June 2015, Voat had both its web hosting and PayPal accounts closed due to content on the site. Co-founder Atif Colo said, "we will have to carefully evaluate our long-term options of providing a platform of free speech if we are to stay online."

Unlike PayPal, BitShares account would be protected from seizure or closing. 

Seems the FollowMyVote crew could also have some opportunities.. plus Voat is a cool name. 8)

How do we integrate tipping?

Not sure but it's open source so someone smarter than me could figure it out.

64
General Discussion / Anyone else keeping an eye on VOAT.CO?
« on: July 07, 2015, 03:08:24 am »
The web traffic is impressive: https://www.google.com/trends/explore#q=voat.co

If it becomes a viable alternative to Reddit, there could be some business opportunities for BitShares such as integrating tipping with bitUSD early in the game and taking advantage of a first-mover network effect.  Thoughts?

65
General Discussion / Re: Bounty Idea
« on: July 04, 2015, 08:17:31 pm »
I think that we need trust-free bitcoin exchanges, in which BItBTC or privatized smartcoin (BTC) is used.
This.  Once 2.0 lands and it's proven robust and stable, we need to explain all the benefits to existing BTC exchanges.

66
General Discussion / Re: Dan is doing the right thing .. again!
« on: July 04, 2015, 01:07:13 am »
^ I'm curious about this too

67
General Discussion / Re: Bounty Idea
« on: July 04, 2015, 01:06:24 am »
After we launch and have the kinks worked out it should be much easier.
+5% BitShares will sell itself once everything is aligned  8)

68
Wow, fantastic news!!!  Amazing job, Murderistic!

Welcome to BitShares, Peak Venture!  8)

Keep the partnerships coming...


69
General Discussion / Re: Dan is doing the right thing .. again!
« on: July 02, 2015, 04:20:36 am »
Under US rules:

Crypto income is taxed on the value the day you received it.
If it drops in value before you sell it you only get to use to use the losses to offset other capital gains (if you have any).
The phantom income is still on your books.

In a secular crypto bear market this is a complete wrecking ball to most people's finances.

And this explains much of what has been happening in the crypto industry this year.  The need to pay taxes on phantom income has dramatically increased selling pressure across the industry.

 +5% +5% +5%

70
General Discussion / Re: Dan is doing the right thing .. again!
« on: June 30, 2015, 11:36:47 pm »

71
General Discussion / Re: Dan is doing the right thing .. again!
« on: June 29, 2015, 09:29:25 pm »
Since most here seem to like the term incentive over interests, I'm very concerned over potential problems with the conflict of incentives in the move to cryptonomex/bitshares2.0.

Wow, +5% to that entire post. I too have noticed that in this community, it's always been more about profit and comparing salaries to Google employees then freedom and building a fair financial system. Recently, I've been seriously questioning whether cryptocurrency will change anything when it's human nature that's fucked up. Even if we pay lip service to "liberty", our God is money.

Profit must exist for any system to be sustainable.  Above market profit must exist for any system to grow.

This. It's amazing to me how many critics expect professional-grade development to be implemented yesterday for free.  ::)

72
General Discussion / Re: Dan is doing the right thing .. again!
« on: June 29, 2015, 08:31:29 pm »
I am going to come right out and say that experienced software developers doing cryptography and advanced c++ work in major cities like NY or CA can easily justify a $150 to $200K salary.   Those *ARE* market rates.    That said, web developers do not earn those rates and typically make much less than a c++ developer.  So not all developers are equal in the market.   

In order for me to hire people at $100K I had to look for "inexperienced" yet highly motivated individuals straight out of school and be located in Blacksburg, a relatively low cost of living.    Overall I am very happy with the skill level of this team and am certain they could all earn over $100K at other companies. 

That said, this same amazing team has been earning just $36K plus delegate pay for all of 2015.   

The BTS in the angle fund are gone because we sold them off over the past 6 months at ridiculous prices just to pay the developers $36K/year each.

As far as newmine's claim that "our stake from mining PTS" of over 100M should be enough to motivate us to complete it completely ignores the following facts:

1. Mining PTS was not free, we had to PAY to buy that stake.
2. We would have to sell the stake to pay for development leaving 0 stake at the end.

Our team is highly motivated by principles and goals.  We work for the love of the job and so far have asked for relatively little compensation.

 +5% Thanks again for everything you and the team are doing and have sacrificed! 

73
General Discussion / Re: Dan is doing the right thing .. again!
« on: June 29, 2015, 08:25:12 pm »
Sounds like the Ethereum community is going through similar growing pains as BitShares experienced.

74
I've been thinking about buying Euros.  How are ya'll trading these downward market moves?

75
It brings more traffic to our network which means more transactions. It also demonstrates how businesses can integrate with our system.

Thanks! I can't believe I overlooked the former.

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