Author Topic: bitusd peg  (Read 1275 times)

0 Members and 1 Guest are viewing this topic.

Offline bitsharesbagholder

bitusd peg
« on: January 11, 2019, 01:48:50 pm »
is there anything being done to help restore it ?

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12793
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: bitusd peg
« Reply #1 on: January 11, 2019, 01:57:51 pm »
Read this:
https://steemit.com/bitshares/@bitshares.fdn/how-global-settlements-work

There is a bidding scheme in place (BSIP18) that allows to revive bitUSD faster
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline bitsharesbagholder

Re: bitusd peg
« Reply #2 on: January 11, 2019, 04:15:05 pm »
stop posting steem links as answers

Offline iamredbar

Re: bitusd peg
« Reply #3 on: January 11, 2019, 08:34:25 pm »
Inside of that Steemit link tells you how it can be revived. That is why xeroc posted it. There is also talk around here on different ways we can revive it quicker.

Offline bitsharesbagholder

Re: bitusd peg
« Reply #4 on: January 11, 2019, 08:58:48 pm »
Inside of that Steemit link tells you how it can be revived. That is why xeroc posted it. There is also talk around here on different ways we can revive it quicker.
I'm not asking how it can be revived.
I'm asking what is being done to get it revived.

Offline iamredbar

Re: bitusd peg
« Reply #5 on: January 11, 2019, 11:32:36 pm »
I'm not asking how it can be revived.
I'm asking what is being done to get it revived.

All of these accounts are bidding on the debt. That is actively trying for a solution. If you would like to contribute to the efforts, please put a bid on the debt.


Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #6 on: January 12, 2019, 11:14:19 pm »
How can people participate in the revival if there isn't any way to access the bid mechanism thru the reference wallet GUI ?

https://www.reddit.com/r/BitShares/comments/a0i56y/detailed_explanation_of_bitshares_global/

"This operation is not present in GUI wallet right now, but can be done by using bid_collateral command in CLI wallet or constructing the operation manually."

There's no step by step instructions in the Tech Support section of the forum either..

i.e how to access,
...the command lines that one would use

Isn't this at least something the BitShares Foundation would do in the "Public interest"  or to at least spark more interest in BTS by regular traders, speculators or just average Jjoes willing to a gamble.??

or is this bitAsset revival limited to "BTS insiders"... How could a benevolent whale participate (if such a person exists!) even if he or she wanted to?

BitShares needs a marketing guru or a miracle worker..it seems..

Offline iamredbar

Re: bitusd peg
« Reply #7 on: January 12, 2019, 11:24:28 pm »
I will make you a video of how to do it in the GUI.

Offline sschiessl

Re: bitusd peg
« Reply #8 on: January 12, 2019, 11:51:08 pm »
Have a look here, available since last release
https://wallet.bitshares.org/#/asset/USD

There is a new section in asset details that shows collateral bids, including doing a bid.

Offline iamredbar

Re: bitusd peg
« Reply #9 on: January 13, 2019, 12:21:58 am »
Have a look here, available since last release
https://wallet.bitshares.org/#/asset/USD

There is a new section in asset details that shows collateral bids, including doing a bid.

https://cdn.steemitimages.com/DQmU42kFBJu55co7ZfSpczrUA9Trcbf3oFWFooLR2tCguXM/collateral%20bid%20bitshares.gif

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #10 on: January 13, 2019, 06:44:47 am »
Thanks for the response and the link to instructional video..Things are much clearer now..

I think I'm going to use a chunk of my income tax refund to invest in BTS,   ;D   The technology has got to be worth more than
a nickel and has more utility than "cryptoKitties"

This bear market.. just as much as a US government "partial" shutdown has to end sooner or later..

Given the outrageous prices of prescription medications in the USA...I've wondered why hasn't some entrepreneur developed
a dApp that would allow users to use bitUSD or other bitasset bitPeso etc. to pay to their regular online discount pharmacy..not only would they save money on drug prices but also transaction costs, FX fees, etc..and the pharmacies would save on costs as well..

I think this is the kind of "Use Case" that could raise BTS market profile to the level of prominence that BTC and ETH enjoy even though it's obvious they're use for consumer payments is limited by transaction speed..






Offline renkcub

  • Full Member
  • ***
  • Posts: 143
    • View Profile
Re: bitusd peg
« Reply #11 on: January 24, 2019, 05:59:30 pm »
Can someone explain the best way to "arb" this in terms of USD? I can just buy BTS, and sell on the BTS/USD market (for a higher price, in exchange for risk of holding BitUSD)?

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #12 on: February 05, 2019, 07:17:13 am »

The way you have worded your question kinda leaves it open to several interpretations,.I think if you ask your question more precisely it might be easier to answer...

Having said that, my view is simple..bidding on the settlement fund debt is basically betting on the future of BTS ( and indirectly I guess on the success of BEOS and EOS)   

 So the only question is how much do you want to bet..

i.e how much debt do you want to acquire and how much additional collateral do you want to add to your margin account to secure it..

If I understand your question correctly...the only way to "arb"...(i'm guessing you mean arbitrage) this is to buy bitUSD in the open market in exchange for whatever other assets you have which would "protect" you in case of a BTS price decrease.  e.g for every X amount of BTS collateral you can acquire Y bitUSD. {Also you could buy any other bitAsset as well I suppose}

HOWEVER...this kind of arbitrage strategy would only be worthwhile if bitUSD is revived and normal operations (i.e borrowing) are resumed..

I believe that some combination of BTS, BTC, ETH, etc...price increase within an overall bullish cryptocurrency market environment that coincides with a sufficient number of successful bids during the auction of the settlement funds,(enough to surpass the 175% MCR). will trigger the revival of bitUSD.

Maybe someone can correct me..but I think the size of the settlement fund is about   $5.7m ?   so a few whales could help jump start the process without putting too much their assets at risk...maybe .01%

I hear Jeff Bezos' ex-wife has some surplus assets..maybe BM can persuade her to invest in BTS instead of another Sotheby's Auction..Ha!

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #13 on: February 16, 2019, 08:04:48 am »

Offline Brekyrself

  • Hero Member
  • *****
  • Posts: 502
    • View Profile
Re: bitusd peg
« Reply #14 on: March 10, 2019, 03:07:09 am »
Still trying to wrap my head around bsip18 after reading: https://steemit.com/bitshares/@haruka/detailed-mechanism-of-global-settlement-black-swan-and-reviving-of-bitassets

Please correct me if I am wrong about the following:

-By bidding for the settlement fund we are essentially bidding for a position at a specific bitusd/bts price?

-If enough bids happen and this revives, we essentially skip the step of having to sell bitusd for bts in the open market after borrowing bitusd into existence?

-If the above is correct and we had enough BTS backing, we could essentially open a position at $0.01 with 1k debt and 100k collateral?

End of the day I want to borrow bitusd and buy more bts with it by using existing bts as collateral.  Since that is not available at the moment, is the above method correct to get a position when this revives?

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #15 on: March 10, 2019, 04:59:44 am »
By bidding for the settlement fund we are essentially bidding for a position at a specific bitusd/bts price?

      YES, ( and the more collateral you bid the better your position)

-If enough bids happen and this revives, we essentially skip the step of having to sell bitusd for bts in the open market after borrowing bitusd into existence?    YES, essentially

-If the above is correct and we had enough BTS backing, we could essentially open a position at $0.01 with 1k debt and 100k collateral?    YES,

but you would not want to tie up that much collateral for a relatively small amount of debt.....

a revival will only happen when the MCR is greater than 1.75....

 either because the feed price has increased sufficiently - e.g auto revival

 or because the total amount of collateral bids is greater than 1.75 x #bitshares in the settlement fund..

or some combination of both..

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #16 on: March 10, 2019, 05:05:12 am »
is there anything being done to help restore it ?

https://youtu.be/IXOoZ8Zd2eA?t=1105

This discussion about cashless societies is describing a very negative future if allowed to grow without alternatives..

The quickly approaching dangers of centralization of payment systems....

Why isn't a Bitshares marketing worker or the Foundation or Cryptonomex promoting the hell out of  BTS as the antidote ?!

BTS marketcap should be at least $5-6 billion even in its current state!   

Where's a smart whale when you need one.... geez!

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #17 on: March 17, 2019, 05:09:25 pm »
is there anything being done to help restore it ?

https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Maybe a marketing worker or the foundation could be tasked to show his campaign  how a smart contract and/or multi-sig wallet could ensure his campaign does not run afoul of the law -- i.e. receive contributions from US citizens only..

any BTS dev (Notestein?)could show that DPOS is by far the most eco-friendly crypto compared to the energy consumption of PoW consensus..
Climate change is going to be a major campaign issue obviously..

It could also inspire adoption of BTS and give a competitive advantage to dozens and dozens of vendors/contractors who want to supply tens of millions$ goods and services to the campaign
as it grows...think how much the vendors could save just on credit card fees alone..

Does Taggart or Stan read this board?  It is rare to have presidential candidate that understands crypto..

Anybody got any other BTS moon shot ideas?

Online Thul3

  • Full Member
  • ***
  • Posts: 168
    • View Profile
Re: bitusd peg
« Reply #18 on: March 17, 2019, 10:59:14 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"
« Last Edit: March 17, 2019, 11:03:28 pm by Thul3 »

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #19 on: March 18, 2019, 02:13:07 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Online Thul3

  • Full Member
  • ***
  • Posts: 168
    • View Profile
Re: bitusd peg
« Reply #20 on: March 18, 2019, 03:10:08 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.
« Last Edit: March 18, 2019, 03:14:22 pm by Thul3 »

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #21 on: March 18, 2019, 05:31:16 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.


I don't have much time now...but let me say this..

OK..so "they" have an agenda....but not everything they try to implement works....e.g.  look at the current state of the EU and Euro experiment.. there is as much incompentence, lack of knowledge, and corruption on "their" side as anywhere else..

Governments are not infallible...As history has shown every empire eventually implodes.not always for the same reasons..

My only suggestion here is that the BTS community collectively has to do something to raise the profile of BTS...

It has many advantages, in technology, finance, economics and energy consumption...there is no harm in trying to wake up a relatively small but influential part of the population to this fact..and at the same time be aware of the issues and dangers you speak of...

The irony is that BTS and its future iterations maybe the solution....

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #22 on: March 19, 2019, 01:58:04 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.

While BTS (marketing worker) is sleeping..or not "wasting resources"

https://www.investors.com/news/technology/fis-acquire-worldpay-payment-processing/

Fidelity National Acquires Worldpay As Mergers Rock Payment Processing

https://www.techradar.com/news/worldpay-acquired-in-dollar35bn-deal

" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."


Whales must be able to see that right now BTS could easily capture 1+% of this growing market.

Offline sschiessl

Re: bitusd peg
« Reply #23 on: March 19, 2019, 06:46:50 pm »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Online Thul3

  • Full Member
  • ***
  • Posts: 168
    • View Profile
Re: bitusd peg
« Reply #24 on: March 19, 2019, 06:56:07 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.

While BTS (marketing worker) is sleeping..or not "wasting resources"

https://www.investors.com/news/technology/fis-acquire-worldpay-payment-processing/

Fidelity National Acquires Worldpay As Mergers Rock Payment Processing

https://www.techradar.com/news/worldpay-acquired-in-dollar35bn-deal

" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."


Whales must be able to see that right now BTS could easily capture 1+% of this growing market.


Quote
OK..so "they" have an agenda....but not everything they try to implement works....e.g.  look at the current state of the EU and Euro experiment.. there is as much incompentence, lack of knowledge, and corruption on "their" side as anywhere else..
Its not incompetence.They are professionals.How do i know they are professionals ?Because majority like you is unable to see their real intentions and classify them as incompetend where in reality they follow a strict agenda which they are pushing hard.
If you would watch more closely you would see eastern europe is already in the procress creating their own union and another group being sold as the solution to the incompetent people.
History repeats and people still didn't learn anything from it.

Quote
" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."

That claim is not difficult to make knowing when the governmental coins will come out.The first one will be presented on the olympic games in Tokio in 2020.
Why do you think all big banks are splitting into investment banks and customer banks ?
Preparing for something ?

Anyway you are free to do what you want and in what you belive.

Wish you good luck
« Last Edit: March 19, 2019, 07:04:32 pm by Thul3 »

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #25 on: March 20, 2019, 03:44:43 am »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #26 on: March 20, 2019, 04:21:21 am »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.

While BTS (marketing worker) is sleeping..or not "wasting resources"

https://www.investors.com/news/technology/fis-acquire-worldpay-payment-processing/

Fidelity National Acquires Worldpay As Mergers Rock Payment Processing

https://www.techradar.com/news/worldpay-acquired-in-dollar35bn-deal

" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."


Whales must be able to see that right now BTS could easily capture 1+% of this growing market.


Quote
OK..so "they" have an agenda....but not everything they try to implement works....e.g.  look at the current state of the EU and Euro experiment.. there is as much incompentence, lack of knowledge, and corruption on "their" side as anywhere else..
Its not incompetence.They are professionals.How do i know they are professionals ?Because majority like you is unable to see their real intentions and classify them as incompetend where in reality they follow a strict agenda which they are pushing hard.
If you would watch more closely you would see eastern europe is already in the procress creating their own union and another group being sold as the solution to the incompetent people.
History repeats and people still didn't learn anything from it.

Quote
" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."

That claim is not difficult to make knowing when the governmental coins will come out.The first one will be presented on the olympic games in Tokio in 2020.
Why do you think all big banks are splitting into investment banks and customer banks ?
Preparing for something ?

Anyway you are free to do what you want and in what you belive.

Wish you good luck

Thanks..I think if the BTS community pulls together anything is possible..
Bitshares can be a useful tool, whether in Eastern Europe or anywhere in the world..

The Big Banks (US) were initially separated into retail banking and investment banking since 1933 before President Clinton signed a repeal of the Glass-Steagall Act in 1999...Predictably their Greed ran wild and we had the financial meltdown in 2008..

Yes it is true, if you do not heed the lessons of history you are doomed to repeat it...

So let's be smart and not repeat it...Bitshares  {I also understand EOS is outpacing ETH in terms of platform adoption}  being part of the Graphene family is a major advantage...The BTS community (& marketing) just needs to show the world...Who knows maybe the "professionals" will get a surprise in Tokyo 2020  :-)

Offline sschiessl

Re: bitusd peg
« Reply #27 on: March 20, 2019, 06:53:32 am »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

You can reach me
 - in here
 - in telegram via @sschiessl
 - via email [email protected]

Thanks!

Offline bitstopia2049

  • Newbie
  • *
  • Posts: 18
    • View Profile
Re: bitusd peg
« Reply #28 on: March 20, 2019, 03:30:09 pm »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

You can reach me
 - in here
 - in telegram via @sschiessl
 - via email [email protected]

Thanks!

OK I have sent you a PM in here..

20-03-19

coinmarketcap top 100


Market cap 140.226 billion...with BTC accounting for almost 51%

ETC ~ 500m (19)
Waves ~ 279m (25)
Doge ~ 244m (26)

BTS ~136m  (46) 0.097%
and then looking at the Blocktvity Index...and BTS has an AVI almost 1099 !   

(WAX has the highest AVI but the index counts Transactions not Operations)


So stating the obvious hyperbolically

BTS is criminally and insanely undervalued...but then again we are living in age where you don't have to be smart to get into Yale, Stanford, USC, University of Texas, UCLA, etc. or even be an athlete to get an athletic scholarship

..Makes you wonder about the engineers working on Boeing 737 Max 8..