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Messages - wallace

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61
General Discussion / Re: Someone Give Me a Reason To Keep Holding BTS
« on: January 08, 2016, 04:30:01 am »
And who is going to buy back my BTS shares? At which prise?


It's in the docs under reserve pool and refund workers.


https://bitshares.org/technology/stakeholder-approved-project-funding/

I've read it.  This does not answer my question. This buy back argument is a bull shit. Your BTS is a collateral token, no more.

you forget the most important point: BTS is the key tool for CNX to get money

62
General Discussion / Re: The Benefits of Proof of Work [BLOG POST]
« on: January 07, 2016, 10:12:06 am »
fiesty... plus CNX can push through anything they want.  Market realizes it and that's why your seeing people sell.  Centralization.
Who exactly our my friends?

No, they can't push through anything they want, and market often realizes $h!t!
I would like to know what market "realized" when btc price fell to $3, I supose those that didn't listen to "market" back then and bought btc with a 30% premium from virwox or ebay were complete idiots. If they want to sell, let them sell.


There is a 90% you can try to get votes from, but often I see people focusing on the less than 10% that "BM and friends" has. Where is your call to arms? If you didn't manage to get any votes/support.....maybe you are in the minority.

Ok so bitcoin is a success story where people were wrong about the direction, that happens very rarely.  Companies that lose 90% of their value almost never come back. Also, what about all the other alts that have been crushed and stayed crushed??? paycoin anyone?

People are assuming that I think the projects that CNX are doing are bad and will hurt BTS.  I never said that.  I think CNX having the ability to control all projects and features added to BTS is the roadblock.

The problem is, and it's been stated before by many people, is that CNX has the ability at any time to vote in a proposal via their voting power and their minion's proxies.  Don't kid yourself and think that somehow thousands of strangers from across the planet will somehow come together and vote in unison.  CNX also controls the majority of the committee via direct supporters or inits.  BTS has been crushed by the merger, the never there 1.0, and the botched released of bitshare 1.666 (2.0 - some original features).  These events were all centrally controlled and coordinated by CNX.  If everything they have ever done has caused BTS to lose value, why would you think their next "feature" would come to any other result?  It's this fear that is keeping other devs and business's from building on BTS.  It's the ever shifting rules.  I have lobbied for CNX to step away from the table and let stability creep in, but that will never happen since CNX is the main benificiary of the BTS charity.

Bottom line:  Until CNX is not the Dominant player in Intellectual BTS capital AND actual BTS... Bitshares will be viewed as a centralized coin.  They can be one of the above, but not both.

agree, that's why I insist to push the decentralization process of Bitshares.
now seems there's only one way to go - invite exchanges to vote.

https://bitsharestalk.org/index.php/topic,20856.msg269530.html#msg269530

here u go .. !

what relationship between these 2 threads?

63
beginning to wonder if you are paid to inject toxic fumes in conversations by competitors because if i were a competitor youd be my favorite person on these forums.

I wonder this about half the posters on this forum.

I am truly embarrassed. It is like they have no idea about supply and demand, or how big of a role public perception plays into that. All of these long time "supporters" attacking every move, decision, and statement CNX makes and they don't seem to realize that this will have a negative effect on the price. They complain about everything injecting negativity into every conversation, then in turn complain about the price falling without realizing that they are playing a large role in the price falling. Bitshares has a huge PR problem in the crypto community.. I frequent Bitcointalk and it is apparent. To make things even worse, Bitshares has a huge PR problem within its own community with these forums being a never-ending horror show. Something has to give.. either the price, or the horror show. We need to come together as a community, or abandon the project and dump our coins.

All I can say is that I'm happy 3/4 of my Bitshares are in bitBTC, bitGOLD, and bitSILVER... call me a bear, but there is so much negative energy around here that I am not sure I can stand to support this train wreck much longer.
This!
+5%
lol in combine with tony's signature:
Quote
+5% - cause a 100% idiotic is hardly ever enough!
+5%
I also like tony's signature. :P

64
General Discussion / Re: Bitshares price discussion
« on: January 06, 2016, 11:33:17 am »
there is another drop today , it is 0.00000766 , what is the reason for this ?

Price drop is a normal phenomenon. I'm also very disappointed but I'm sure the current price is not the bottom. This is not the original BTS

65
中文(Chinese) / Re: 交易所应该/可以投票吗?
« on: January 06, 2016, 05:23:55 am »
BM有没有底线已经不重要了,关键是他自己现在满脑子想的就是要构建一个乌托邦,恰逢有那么几个马屁精左拥右戴,让他误以为整个bitshares社区有多强大似的,所以他接下来会做出多么不可理喻的事情我觉得都不奇怪

66
中文(Chinese) / Re: 交易所应该/可以投票吗?
« on: January 06, 2016, 05:15:40 am »
不确定应不应该

就目前的情况而言,BM的权利急需弱化,交易所如果能够投票肯定是好事,可以弱化BM的权利,但这是一把双刃剑,以后可能也会带来很多的麻烦

并且如果交易所可以投票了,我敢肯定BM会视之为眼中钉,很快会改变规则的

67
if you have bitcrab1, bitcrab2, bitcrab3, bitcrab4, bitcrab5... on top eleven, I'm sure BM will change the rule immediately ;D

68
General Discussion / Re: Why Vision Matters Blog Post
« on: December 30, 2015, 04:12:51 am »
The DEX is "done" except for perhaps the MAKER proposal which isn't even necessary.  SVK and CASS are working on improving the User Interface of the DEX.  Michael is working on improving the API to be similar to poloniex. 

The key to bootstrapping any exchange is having UNIQUE assets to trade.  This is something that FBA and new business models will have.

I haven't forgotten the DEX, it is a critical component. I have just learned through experience that selling a DEX is a hard niche market.

Banking partners are telling all blockchain companies the same thing: "we don't want your chain, we want our own".   Anyone holding out for banking partners getting on board any existing public chain in a meaningful way needs a wakeup call.   

BitShares needs to provide VALUE to the average joe.  A DEX doesn't provide that value on its own.  A bond market doesn't provide that value on its own. 

Selling people "peace of mind" and an opportunity to "change the world" and "fight the empire" and "fight Obamacare" is a much easier sell in my own market research.

Please, someone tell me the market value of Poloniex.. how much is their exchange worth?  How much is BitStamp worth?  BitFinex?    The combined revenue of all crypto currency exchanges is less than $25 million per year.  If we assume these exchanges operate with a 50% profit margin then that means $12 million per year in profit.  Based upon a 5% dividend, this would put the combined value of all exchanges in the cryptocurrency space at  $240M dollars and my guess is that is very high.

So if BitShares grew to become the only exchange in the entire market it would be worth at most 24x its current valuation. 

Bitcoin is valued because of the COMMUNITY of freedom activists that are using it and promoting it.  It has no revenue based valuation.  A DEX doesn't inspire a community following like Bitcoin has.   

Lets gain some perspective before calling for the DEX to be "finished" as if that will magically make BTS grow in value 10x.

"Bitcoin is valued because of the COMMUNITY of freedom activists that are using it and promoting it. "


Bitcoin is valued simply because big speculative capital (including the ones owns big mining operations) have enough capital to hold it .
 freedom activists have zero money to lead bitcoin this far . They're insignificant . However , they speak things people likes to hear , so they become the main role in front of media .

Bitcoin's rise is not a result of promotion , usage . Bitcoin is a perfect speculative object for capitals to gain profit , the basic rules can not be changed , it doesn't controlled by single person , that's perfect for capital to speculative on it .
If you can't see that , no matter how many different community you try to attract , you will never copy the same success of Bitcoin .

well said.  +5% +5% +5%
I don't believe a person in crypto world for over five years didn't recognize this.

69
General Discussion / Re: POLL: Why are you still hodling BTS?
« on: December 25, 2015, 03:36:26 am »
Tech is the best IMO, but PR is very bad... Why doesn't BM travel the US and the world to spread the words of BitShares? :)
Merry Christmas!


Stan did a great job in China :).

seriously? I don't want to say this but I have to tell you almost nobody in china care about Stan!

anyway, Merry Xmas

70
obits好啊,500刀,妥妥的!

71
中文(Chinese) / Re: transwiser发行私人智能货币的计划
« on: December 04, 2015, 05:34:04 am »
非常期待

72
问题的根源在于bitcny应用场景太少,除了巨蟹几乎没有应用场景可以提供流动性

理想的锚定不是永远1:1,但也不是bicny:cny永远大于1,而是在1上下很小的范围内波动,但这需要内盘的bitcny和BTS交易对保持深度

我看目前不是锚定不锚定的问题,而是bitcny是否需要transwiser的问题

虽然目前对transwiser依赖性太强,但在初期阶段我们要学会变通,规则是死的,人是活的,规则可以改变

我选择在目前阶段支持巨蟹,但我不否定强制清算功能没有意义
本来之前一直宣传用bitcny来支付,2.0提高手续费后,基本上把支付功能堵死了。

不追求支付功能,走不出去,锚定就没有意义,只能在系统内自己跟自己玩,结果是死路一条。

完全靠UIA,和瑞波还有NXT有多少区别?
要知道,UIA的发行者是有动力将bts价格保持在低位的,这样他们的运作成本才会比较低。

是啊,现在英文社区都在讨论怎么样学习通过强制清算来获利,这样下去仅有的一点流动性很快就会枯竭

我现在越来越感觉到BTS变成了一个玩具

73
General Discussion / Re: Increasing BitShares Revenue
« on: December 01, 2015, 05:02:57 am »
in a no depth and liquidity marketing I don't think a daytrader can make much money from the market. they're most earned from rule. but this money comes from others lost. currently this is a hurt to the whole system.

I am no expert but isn't it the very nature of wall street and forex to have winners and losers?

And if we want more liquid market, what do we need?

More trading?

you're right, but the reality is we're not wall street, we don't have much users. it's easy to die.

Just curious, are you a daytrader? Are you trading on another platform because there is no enough opportunities on openledger?

absolutely I'm not, but I think maybe Ander is, but I'm sure he does not trade on openledger at this time. Poloniex is his battlefield. for a daytrader he earn the money by sell high and buy low, not from the rule.

74
General Discussion / Re: Increasing BitShares Revenue
« on: December 01, 2015, 04:57:49 am »
in a no depth and liquidity marketing I don't think a daytrader can make much money from the market. they're most earned from rule. but this money comes from others lost. currently this is a hurt to the whole system.

I am no expert but isn't it the very nature of wall street and forex to have winners and losers?

And if we want more liquid market, what do we need?

More trading?

you're right, but the reality is we're not wall street, we don't have much users. it's easy to die.
[member=9271]wallace[/member] what is the proper translation of this word (Chinese) that google translate translates to "Cancer"

问题的根源在于bitcny应用场景太少,除了巨蟹几乎没有应用场景可以提供流动性

thank you for pointing this out. I got a good laugh
Quote
The root problem is too little bitcny application scenarios, in addition to Cancer almost no scenarios can provide liquidity

Quote
I choose to support Cancer at this stage, but I do not deny the function does not make sense to force liquidation

guys please stop this conversation ;)

the "巨蟹" was translated to "cancer" because of the stupid google translate app. all you need to know is the "巨蟹" is transwiser

75
General Discussion / Re: Increasing BitShares Revenue
« on: December 01, 2015, 04:53:43 am »
in a no depth and liquidity marketing I don't think a daytrader can make much money from the market. they're most earned from rule. but this money comes from others lost. currently this is a hurt to the whole system.

I am no expert but isn't it the very nature of wall street and forex to have winners and losers?

And if we want more liquid market, what do we need?

More trading?

you're right, but the reality is we're not wall street, we don't have much users. it's easy to die.
[member=9271]wallace[/member] what is the proper translation of this word (Chinese) that google translate translates to "Cancer"

问题的根源在于bitcny应用场景太少,除了巨蟹几乎没有应用场景可以提供流动性

see PM

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