Overstock.com and Wired mention BitShares in "How to issue a cryptosecurity"

[xeroc]

Wouldn't it make sense two say one bips is one "two billionth" of a share so it doesn't confuse people that they send 2 BTSX but 1 BIPS?

that was almost correct at the very beginning of the blockchain when no btsx had been destroyed
but currently on the blockchain

  "blockchain_share_supply": "1,999,653,857.43781 BTSX",

which is less than 2b .. continuously decreasing ... (I wonder i BM fixed a slight bug on that number as i also substracts delegate pays .. falsely)

so .. atm ... 1 BIPS is worth 1,999,653,857.43781 / 100 = 1,999,653.85743781 BTSX


BIPS (billionths of the current share supply)

[santaclause102]

Wouldn't it make sense two say one bips is one "two billionth" of a share so it doesn't confuse people that they send 2 BTSX but 1 BIPS?

[xeroc]

AFAIR a bips is
"bishares in percentage of supply" (bips)
so not "the smalles unit"
the units are XTS (testnet) or BTSX and those can be devided in to 10^5 parts .. (dont think they have a name, lets call them toatsits .. or larimers .. or laris )

the bips (at least thats what i understand) are a percentage that increases as the supply decreases (by a constant amount of BTSX in your pocket)

anyway its just a relative measure of how many btsx you have in comparison to all existing .. and his number gives you an idea of what happens when delegates destroy XTS with payrates below 100% .. you get interest

[santaclause102]

the faq says

A BIP is one billionth of the current share supply

Am I right that one BIP is not the smallest unit of account you can send? Also it should be checked whether there could be a trademark problem or something like with Protoshares with BIPS, see https://bips.me/

[xeroc]

that is exactly what BIPS are! they are just not yet implemented!

[Riverhead]

I think we should also stress that everybody is earning in Bitshares. The current perception is that block producers earn in BTS, like in any other. But in this case the others besides Delegates earn too; they just get paid a bit extra for their trouble.

All these the little joe not getting his share in PoS due to having a small stake doesn't work here. You earn proportional to what you have, regardless of how much. In future we might have wallets which shows balance as a fraction (multiplied by a huge number) and users will be excited to see the balance grow.

That's a cool idea. Your shares are x percentage of supply. If there is one thing people like is a number going up and the feeling of winning just for holding shares.
I have to admit I still get a warm fuzzy feeling when my black coins mine some stake even though it is fractions of a penny.

[sumantso]

I think we should also stress that everybody is earning in Bitshares. The current perception is that block producers earn in BTS, like in any other. But in this case the others besides Delegates earn too; they just get paid a bit extra for their trouble.

All these the little joe not getting his share in PoS due to having a small stake doesn't work here. You earn proportional to what you have, regardless of how much. In future we might have wallets which shows balance as a fraction (multiplied by a huge number) and users will be excited to see the balance grow.

[fuzzy]

I have been in agreement with agent86 for quite a long time here that the most important aspect of this system is voting on delegates.  This is actually the problem we have largely tried to tackle with the beyondbitcoinx.net site...creating incentives for delegates and the community to be as transparent about their operations as possible and incentivize them to propagate this transparent information through social networks, thus creating a larger and more precise target audience to the problems we face.  Lets face it, nearly all the people working in, and interested in crypto are motivated by a love of free markets, technological empowerment,  and/or competing for profit (as opposed to the direction we can generally admit most of the existing power structures would like to steer us).

Much of the DPOS systems primary insecurity is based solely around the vote (the human element is both empowering and dangerous). Make it easy to vote (or in the case of canonizer, join a camp) and get paid for it.  Limit the amount someone can paid for doing this at the correct ratio and you create a powerful system that adapts and gives consensus to pay for needed infrastructure.

[CLains]

Bitshares uses a limited PoS system which adds unnecessary centralization to a PoS scheme

This is very biased...  I suggest we edit it out and link to the article we have under development on our forum regarding the implicit centralization and the marginal utility argument.

Good find. I just deleted it.. replied to some other issues as well.

I don't have sufficient information to respond to "The extent of security auditing is unclear."

I ventured the following guess that is simultaneously a hope,

"Sergio Lerner is the main security consultant for BitShares. Lerner is one of the most lauded security experts in the crypto space and was responsible for finding several of the most important security flaws ever found in Bitcoin."

Would be great with an even more convincing response though.

[bytemaster]

Bitshares uses a limited PoS system which adds unnecessary centralization to a PoS scheme

This is very biased...  I suggest we edit it out and link to the article we have under development on our forum regarding the implicit centralization and the marginal utility argument.

[bytemaster]

Could someone get on the Wiki and suggest they order platforms by marketcap as a fair / unbiased approach to the platforms and make edits to move us into 2nd place... no reason for Peershares to be ahead of us.

[CLains]

I learned more about bitshares on the overstock website then I ever did sifting through bitshares forums. Weird.

Great! We did an effort a while back to fill in the wiki.bitshares.org so now it was just a matter of doing an abstract with some sprinkled links. The combative spirit of the overstock wiki also forced an inclusion of some general worries with the appropriate answers to leave us looking good.

[fuzzy]

I learned more about bitshares on the overstock website then I ever did sifting through bitshares forums. Weird.


EDIT: This was not a good way to say this. I'm working on not being so blunt. What I meant to say was that the information is easier to access on their website.

Why worry about being blunt?  Political correctness is so over-valued today...

On a secondary (yet related) note, BeyondBitcoinX.net is actually meant to try to improve upon the forum format for users to find and propagate information of pertinence. 

[wesphily]

I learned more about bitshares on the overstock website then I ever did sifting through bitshares forums. Weird.


EDIT: This was not a good way to say this. I'm working on not being so blunt. What I meant to say was that the information is easier to access on their website.

[Shentist]

added Forum data

---------------- Copy and Edit at will everyone! --------------------

Forum: 84833 Posts in 5825 Topics by 5444 Members
Reddit: 369
Twitter: 3872
BitcoinTalk Thread size: #Posts
Google “X and crypto”: 59 400
Number of Wallets:
Number of Wallets with more than $50:
Number of Transactions:
Weekly volume:
Asset Volume:
Market Capitalization: BitShares X 19 million, BitShares PTS 7.5 million

Blocktime

10 sec. Compare to NXT, Counterparty.

BlockChain

Compare to NXT and Counterparty.

Security

Compare to NXT and Counterparty.

User Experience

Compare to NXT and Counterparty.

Pros and Cons

(3-10 of each)

[CLains]

The idea is to get us listed alongside NXT and Counterparty here,

http://blog.maxkordek.com/best-platform-to-issue-a-cryptosecurity/

Tracking stats like these are a very useful exercise to see where we fall short and where we have room to brag about our achievements.. Honesty in the face of facts constitute the best critique.


---------------- Copy and Edit at will everyone! --------------------

Forum: # Posts #Members # Topics
Reddit: 369
Twitter: 3872
BitcoinTalk Thread size: #Posts
Google “X and crypto”: 59 400
Number of Wallets:
Number of Wallets with more than $50:
Number of Transactions:
Weekly volume:
Asset Volume:
Market Capitalization: BitShares X 19 million, BitShares PTS 7.5 million

Blocktime

10 sec. Compare to NXT, Counterparty.

BlockChain

Compare to NXT and Counterparty.

Security

Compare to NXT and Counterparty.

User Experience

Compare to NXT and Counterparty.

Pros and Cons

(3-10 of each)

[Berzerk]

It's not NXT marketing. It's my own. Sorry, but I'm from Germany and I can't speak English that well. That doesn't hinder me from doing my best in helping Overstock to choose the best cryptocurrency.

I have a question to all: Is Bitshares-X decentralized or distributed?

I think you did a great job with that article!

In contrast to many of the other cryptos out there I think NXT and BitShares are the two projects that can afford to be completely honest and transparent about their strength and weaknesses. Daniel Larimer, core developer of BitShares, has several times noted that (aside from BitShares) NXT has the best designed 2.0 chain.

I'll list the topics here and fill in what I know (and send it to you..) and leave the rest blank for other people on this forum to help fill in over time. btw, does anyone know what "BTC compatible" means yet?

Thanks a lot! I try my best.

[CLains]

It's not NXT marketing. It's my own. Sorry, but I'm from Germany and I can't speak English that well. That doesn't hinder me from doing my best in helping Overstock to choose the best cryptocurrency.

I have a question to all: Is Bitshares-X decentralized or distributed?

I think you did a great job with that article!

In contrast to many of the other cryptos out there I think NXT and BitShares are the two projects that can afford to be completely honest and transparent about their strength and weaknesses. Daniel Larimer, core developer of BitShares, has several times noted that (aside from BitShares) NXT has the best designed 2.0 chain.

I'll list the topics here and fill in what I know (and send it to you..) and leave the rest blank for other people on this forum to help fill in over time. btw, does anyone know what "BTC compatible" means yet?

[santaclause102]

With DPOS, can anyone be a node (as opposed to being a block producing delegate)? Delegates are also nodes but are there nodes that are no delegates like there are full nodes in Bitcoins which are no miners...?

[Berzerk]

decentralized or distributed

What would be your definition of those two?

Decentralized vs Distributed
Btw. Are you one of the amani kinderdorf supporters?

Based on what I see I would say NXT and Bitcoin are distributed. There is or was no consensus network that was decentralized in the sense of the "decentralized" animation.
Also you have to distinguish between the distribution of nodes on the one side and how the voting power (mining/forging) is distributed on the other side. The latter is the difficult and critical part. Both of the animations are supposed to show the first though because voting power is more centralized with a few powerful miners/forgers with Bitcoin and NXT.
It is not possible to answer your question easily. You may want to read https://nxtforum.org/general-discussion/nxt-pos-vs-bitshares-dpos/ (I tried to come to a neutral assessment here without saying or even implying what the best system is - just listing ad/disadvantages) and draw your own conclusions. 

I just thought the amani project would be a nice way to make use of the tipping culture... No official link...

Okay thanks. So I guess this explains it very well. Thanks. Personally I'm not that interested in that kind of systems. If someone wants to make a write up about Bitshares, I can put it in my article. It should be the same way like NXT and XCP, with the numbers and so on. (Write it on the blog)


I like the amani kinderdorf project, they were the selectors of my last charity campaign at http://kordekgallery.com/, not much was donated, but still better than nothing!

[santaclause102]

decentralized or distributed

What would be your definition of those two?

Decentralized vs Distributed
Btw. Are you one of the amani kinderdorf supporters?

Based on what I see I would say NXT and Bitcoin are distributed. There is or was no consensus network that was decentralized in the sense of the "decentralized" animation.
Also you have to distinguish between the distribution of nodes on the one side and how the voting power (mining/forging) is distributed on the other side. The latter is the difficult and critical part. Both of the animations show the first though because voting power is more centralized with a few powerful miners/forgers with Bitcoin and NXT. 
It is not possible to answer your question easily. You may want to read https://nxtforum.org/general-discussion/nxt-pos-vs-bitshares-dpos/ (I tried to come to a neutral assessment here without saying or even implying what the best system is - just listing ad/disadvantages) and draw your own
conclusions. 

I just thought the amani project would be a nice way to make use of the tipping culture... No official link...

[Berzerk]

decentralized or distributed

What would be your definition of those two?

Decentralized vs Distributed


Btw. Are you one of the amani kinderdorf supporters?

[santaclause102]

decentralized or distributed

What would be your definition of those two?

[Berzerk]

http://blog.maxkordek.com/best-platform-to-issue-a-cryptosecurity/

NXT released this article to power down Counterparty

So that's NXT's marketing? They get one whole paragraph from a guy who can't even do a spell and grammar check. Ha ha ha.

It's not NXT marketing. It's my own. Sorry, but I'm from Germany and I can't speak English that well. That doesn't hinder me from doing my best in helping Overstock to choose the best cryptocurrency.


I have a question to all: Is Bitshares-X decentralized or distributed?

[donkeypong]

http://blog.maxkordek.com/best-platform-to-issue-a-cryptosecurity/

NXT released this article to power down Counterparty

So that's NXT's marketing? They get one whole paragraph from a guy who can't even do a spell and grammar check. Ha ha ha.

[CLains]

http://blog.maxkordek.com/best-platform-to-issue-a-cryptosecurity/

NXT released this article to power down Counterparty

[donkeypong]

It sounds pretty far along with CP. But maybe they'll get the basic education out of the way and then Overstock will realize a better thing when our guys get there.

[CLains]

http://upstart.bizjournals.com/entrepreneurs/hot-shots/2014/08/01/the-man-who-would-undo-wall-street-by-offering.html?page=all

counterparty taking the limelight for now, hopefully behind the scenes things are grinding in our favor

[fuzzy]

It was a thought overstock would consider bitshares as an option through the CEOs words back in january. Now we have a market developing that could sustain ventures beyond our wildest imagination.

https://bitsharestalk.org/index.php?topic=2115.0

yum...

[johncitizen]

It was a thought overstock would consider bitshares as an option through the CEOs words back in january. Now we have a market developing that could sustain ventures beyond our wildest imagination.

https://bitsharestalk.org/index.php?topic=2115.0

[CLains]

Such BREW,

                           

Much Excitement.

 

[yellowecho]

Dinner with kevin harrington tonight among others. 

 

[donkeypong]

Oh....my...goodness.

[Simeon II]

 

Sell your diversification positions guys…

That’s all I have to say to everybody reading this…

[MktDirector]

Yes, we may be an afterthought in the article, but not behind the scenes.  We're actively in talks with Overstock - that's all I'm allowed to say now.  Also, I just found out this week that the guy hosting this event in St. Martin is the very one who met with Byrne and told him to contact us.  These cats are connected at the highest levels, so things are brewing.  I predict this week will lead to some of the biggest breakthroughs for BitShares. -B

[luckybit]

Forgive the cynicism, but this article barely mentions bitshares and when it does it does almost as an afterthought.  Counterparty, on the other hand....wow, they zergged the shit out of that article. That includes the author. How can bitshares always take a back seat to these inferior products?

Dont get me wrong...I own some of all of them, but NXT is the only platform that gets close to comparing.

http://www.reddit.com/r/Bitcoin/comments/2c540a/overstock_hopes_to_issue_shares_on_bitcoin/

Ordinary transactions will have to compete with stocks. It doesn't make sense.

[fuzzy]

Forgive the cynicism, but this article barely mentions bitshares and when it does it does almost as an afterthought.  Counterparty, on the other hand....wow, they zergged the shit out of that article. That includes the author. How can bitshares always take a back seat to these inferior products?

Dont get me wrong...I own some of all of them, but NXT is the only platform that gets close to comparing.

[Empirical1]

There's another thread where Stan talks about he and Dan down in St. Barts Martin meeting with some heavy weights from the marketing field. Plans are brewing.  I'll post the link if I can find that thread again.


https://bitsharestalk.org/index.php?topic=6380.msg85432#msg85432

Dinner with kevin harrington tonight among others. 


Sent from my iPhone using Tapatalk

Looked him up, wow

entrepreneur, angel investor, marketing guru and net worth in the $hundreds of millions

Doesn't get much better than that.

[luckybit]

There's another thread where Stan talks about he and Dan down in St. Barts Martin meeting with some heavy weights from the marketing field. Plans are brewing.  I'll post the link if I can find that thread again.


https://bitsharestalk.org/index.php?topic=6380.msg85432#msg85432

Dinner with kevin harrington tonight among others. 


Sent from my iPhone using Tapatalk

He is the inventor of the infomercial. I looked up computing companies which used the infomercial and Apple did.

https://www.youtube.com/watch?v=u-O30kkokBw
https://www.youtube.com/watch?v=rkvztPqvUBA
https://www.youtube.com/watch?v=X7rLpYeahN4

I don't know how effective these were and only bring it up because these infomercials are extremely well done.

[bytemaster]

There's another thread where Stan talks about he and Dan down in St. Barts Martin meeting with some heavy weights from the marketing field. Plans are brewing.  I'll post the link if I can find that thread again.


https://bitsharestalk.org/index.php?topic=6380.msg85432#msg85432

Dinner with kevin harrington tonight among others. 


Sent from my iPhone using Tapatalk

[Riverhead]

There's another thread where Stan talks about he and Dan down in St. Barts Martin meeting with some heavy weights from the marketing field. Plans are brewing.  I'll post the link if I can find that thread again.


https://bitsharestalk.org/index.php?topic=6380.msg85432#msg85432

[luckybit]

Good prominent mention, however I think o.info is user content just like Wikipedia in which case all of the above is purely a speculation that O will consider BitShares to incorporate those plans.

That said, if big players get behind the idea, the risk climate will completely change. History shows that regulators like to regulate in favor of what big powerful players do.

How can we encourage big players to get behind our platform?

We have the technology and we have to sell it. One way of selling it is business to business.

[CLains]

Yes, it is a wiki! Edit at will everyone, this seems to me quite important.

Delulo and me will be working on it at least. If you want to groupchat on skype about it, PM or just add Christian Lains on skype.

[bitmeat]

Good prominent mention, however I think o.info is user content just like Wikipedia in which case all of the above is purely a speculation that O will consider BitShares to incorporate those plans.

That said, if big players get behind the idea, the risk climate will completely change. History shows that regulators like to regulate in favor of what big powerful players do.

[G1ng3rBr34dM4n]

Came across this item on wired.com that mentions BitShares "Overstock’s Radical Plan to Reinvent the Stock Market With Bitcoin"

And the original webpage at o.info by Overstock ... "How to issue a crypto security"

 

Wow!  Glad to see BitShares listed first in the overstock wiki.

Great find and thanks for sharing!

[nethyb]

Came across this item on wired.com that mentions BitShares "Overstock’s Radical Plan to Reinvent the Stock Market With Bitcoin"

And the original webpage at o.info by Overstock ... "How to issue a crypto security"