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Messages - biophil

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271
Muse/SoundDAC / Re: Peertracks - total raised so far?
« on: November 13, 2014, 03:28:40 pm »
Here: http://www1.agsexplorer.com/

They're coming up on the 1000 BTC mark.

272
Meta / The graveyard is full, and there is no Music subforum anywhere
« on: November 13, 2014, 03:28:18 pm »
If we're just going to use the Graveyard as a repository for "all projects that are not BTS," (which, imho, is dumb) then MUSIC should have a board there. Am I blind, or is there now literally no music board on the forum?

273
Technical Support / Re: Someone Registered 'My' Name!
« on: November 13, 2014, 02:52:49 pm »
may i can ask why you'Re posting this under newbie section!? Just curious …

Seemed like kind of a newbie question to ask.

Haha, excellent answer. Nobody ever gives you enough credit, freetrade.

The account name squatting problem was the first major debacle of BTSX. The team made account names non-transferable so that they would have no economic value, so people would have no incentive to squat names. Then the team forgot to tell people that names were non-transferable. Classic Dr. Strangelove: build a doomsday device that only works if people know about it, then forget to let people know about it, ensuring that doomsday occurs. :)

274
General Discussion / Re: Rand Paul Coin wants to use DPoS
« on: November 13, 2014, 01:34:45 am »

Who on here has withdrawn purchased RPC from Cryptsy and who has purchased coins but has the RPC stuck on Cryptsy? 

I'm trying to make reasonable plans and really need to know this information.

My plans will be explained once I make them but I need honest feedback on the situation.

I got 75% of my RPC off Cryptsy before they disabled withdrawals.

I'd much rather you postpone the snapshot until after Cryptsy opens up withdrawals.

Sent from my SCH-S720C using Tapatalk 2


275
General Discussion / Re: Invictus Innovations to Return PTS Donations
« on: November 13, 2014, 12:19:42 am »

aaaaand cue the FUD.

That is a rather cheap counterargument. Why not give a rational explanation instead of unfounded accusation?

Oh, that wasn't meant as a counterargument. I said that because the accusatory content of your comment made it sound like you had already decided exactly what you thought and that you wouldn't be interested in argument. If I interpreted your comment incorrectly, please accept my apologies for my rude reply.

Compare two scenarios: in scenario A, Invictus keeps all the donated PTS, severely hampering the efforts of those who want to upgrade it to DPOS (it would be effectively impossible to perform this upgrade and maintain the integrity of PTS if only one entity holds such a large fraction of the total coins).

In scenario B, Invictus returns all PTS to the original donators. Now PTS can gracefully upgrade to PTS with a fair distribution, and the community largely supports the move.

Now, which scenario is better? I think it's pretty obvious that B is better, even before we consider all the other benefits (taxes, SEC compliance, etc etc). So why are you so critical of this move? Who does it harm? AGS donators? No, since they got all their snapshots and now they're getting their donations back. Invictus? No, since PTS currently has very little market value and so it's better to return the funds for the sake of PR than to let them gather dust.

Now, think back to the beginning of the AGS donation campaign. What were donators told? That they would get a snapshot of all Invictus projects. They were told that their donation addresses would be forever enshrined in the AGS list. So based on those 2 things, people donated PTS. Note that Invictus delivered completely on those two things. Now, without revoking either of those two privileges, Invictus announces today that AGS donators get a third benefit: they get their PTS back! This third benefit detracts nothing from the other two!

Another argument you make is that Invictus is just doing all this to accumulate funds. If that's the case, why are they still around? It's not a scam if the scammer does what he said he was going to do. You seem to think it's unfair somehow that Invictus gets to keep all the BTS that was snapshotted from the AGS PTS. That's an opinion you're allowed to have, but you express it as though they're doing it in secret. Nothing could be further from the truth! They've been very open about this from the start.

So those are a few of the reasons I liked BM's proposal to return the PTS. I've been active on this forum for a long time; I am used to forming opinions quickly. So please be more careful to discern the difference between blind acceptance and rapid, thought-out acceptance.

Sent from my SCH-S720C using Tapatalk 2


276
General Discussion / Re: Invictus Innovations to Return PTS Donations
« on: November 12, 2014, 11:27:44 pm »
Hello

Wasn't there a PTS snapshot on November 5th?
So Invictus has kept the PTS, snagged the snapshot and now gives back the PTS to avoid legal issues?

First Invictus establishes PTS
Then Angelshares can be acquired by donating PTS
Invictus can conveniently donate their own PTS to themselves as nobody can prove otherwise
BTSX are derived from Angelshares
Invictus makes PTS snapshot and reaps all the profit from the self donated (and artificially increased third-part donations) PTS
Invictus returns PTS to avoid legal issues

Through this process Invictus continuously washes dirty profit and artificially increases value for the individual product and thereby draws in unsuspecting donators/ investors.

Please, when will be the next snapshot and what new product will you create by donating to yourself with a product you created previously?

aaaaand cue the FUD.

277
Yap, I got mine expired positions auto covered.

I saw that. However, there are still some "expired" bitGOLD margin orders. So orders must not autocall unless they can do so at or above the feed price.

278
Rune, you crazy guy, this looks like a very clever idea, but my gut tells me it would never work. I'll see if I can convince my gut to tell me why it's so pessimistic, but first a question: When a mining pool publishes an ERB, do they collect the normal bitcoin block reward for it as well as the future reward they get at exodus?

279
Technical Support / Re: Interest rate
« on: November 12, 2014, 03:56:43 pm »
Thanks again. How can I borrow money at 1%? Do I get in line and sell bitusd short?

Yeah, something like that. In the bitshares client you can see a list of open short orders, and by default they're ranked by the % interest rate they're offering. When people purchase the shorts, the high-interest ones go first, so if all you offer is 1%, your order is probably unlikely to be matched.

Sent from my SCH-S720C using Tapatalk 2


280
General Discussion / At hard fork, will there be a flood of margin calls?
« on: November 12, 2014, 03:05:39 pm »
The release notes on 4.24 say "Fixed market bug that prevented expired margin positions from being called." Will all the expired margin positions that were not called in the past week suddenly execute on block 991700?

281
General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 12, 2014, 06:09:45 am »
I take it this is only for the Nov 5 snapshot, and it doesn't include the AGS rescue funds that I3 is giving people who had non-genesis balance during BM's announcement.

This should have everything.

Mine does not reflect any amount for having claimed DNS during the BM's announcement. What cut off time did you use? I transferred my DNS minutes after the post [10/21/2014  12:24:11 CDT]
All this for correctness sake, as I have said I do not deserve that bonus anyway.

Snapshot was seconds before the post.

I transferred mine many minutes after the post, and got zilch according to this snapshot tool.

Sent from my SCH-S720C using Tapatalk 2

Right, so since you hadn't claimed it yet you didn't get extra

No, it wasn't in the genesis block. I had moved it around a ton for voting, speculation, etc.

Sent from my SCH-S720C using Tapatalk 2


282
General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 12, 2014, 02:08:25 am »
I take it this is only for the Nov 5 snapshot, and it doesn't include the AGS rescue funds that I3 is giving people who had non-genesis balance during BM's announcement.

This should have everything.

Mine does not reflect any amount for having claimed DNS during the BM's announcement. What cut off time did you use? I transferred my DNS minutes after the post [10/21/2014  12:24:11 CDT]
All this for correctness sake, as I have said I do not deserve that bonus anyway.

Snapshot was seconds before the post.

I transferred mine many minutes after the post, and got zilch according to this snapshot tool.

Sent from my SCH-S720C using Tapatalk 2


283
BitShares PTS / Re: pts price crash
« on: November 12, 2014, 02:06:25 am »
You can use proof of burn to a null address as an "AGS" style way of getting your stake.

Nothing says that PTS cannot be "split" into two networks... 1 that is slowly dying like POW and the other growing DPOS...

Just have several burn addresses.... let PTS users pick their fate.

Yeah, but that requires waiting until the burn period is over to launch the new asset, which is much less elegant than the XCP burn was.

Sent from my SCH-S720C using Tapatalk 2


284
Technical Support / Re: Interest rate
« on: November 12, 2014, 01:57:04 am »
Good answer, thanks. And it pays about 5% p.a. now, right?

Also there's talk about this weekly closure of shorts. Is there a link I can read about this?

Oh man, no, not anywhere close to 5%. That number, though popular here, sadly has nothing to do with reality. The actual rate is below 1% right now, but it varies. You can compute it for yourself by going to the USD page on svk's block explorer website (sorry, I'm on mobile and can't recall the URL). If you divide the "collected fees" number by the total number of BitUSD, that will give you a lower bound on the annual interest rate.

I don't have a link to the 30 day short closing thing. Sorry.

Sent from my SCH-S720C using Tapatalk 2


285
Technical Support / Re: Interest rate
« on: November 12, 2014, 01:19:12 am »
So I recently bought a few bitusd. I got them at about 47 bitshares. How is the interest rate paid? Do I have to hold for a year?

Welcome, XsharesO. Interest is paid any time you execute a transaction with your bitUSD. If you send them to yourself, if you create an order to sell them, or if you close a margin order with them, you'll get paid whatever interest is currently due you.

It's important to note that interest does not accrue on bitUSD that is on orders! So if you have a standing order to sell bitUSD, that bitUSD stops accruing interest the minute you tie it up in an order.

Wait a few days, then go to tMy Accounts and then click on your account where you hold the bitUSD. If you scroll to the top and look over on the right, it will say "estimated yield." That's the amount of the asset that you'll be paid if you transact your whole balance right now.

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