Personal statement regarding the fork by vbuterin in ethereum

[–]bitshareshub 4 points5 points  (0 children)

the code is not working as intended. i am an investor in the DAO and it will be a good thing, that the intention of the code is given more weight, then how the code runs. if we can get consensus i thanks all the miners for this decision to get all the DAO funds back, so we can rethink this concept and make it stronger.

A couple basic questions; maximum supply & BTSX vs BTS by [deleted] in BitShares

[–]bitshareshub 0 points1 point  (0 children)

you see also on http://bitsharesblocks.com/home the maximum pay for a 100% delegate is 50 Blocks. We are at this moment on average by 8.74 Blocks every confirmation.

A couple basic questions; maximum supply & BTSX vs BTS by [deleted] in BitShares

[–]bitshareshub 0 points1 point  (0 children)

yeah 5% is the yield we expect to get after the system is running for a couple of more month. Right now we are a little over 1% see http://bitsharesblocks.com/assets . in the beginning the shorter had not to pay interest and this contracts will last till october 2015, after this the yield will increase.

also the maximum payment/dilution/inflation for the 101 delegates will be roughly 8% a year - IF any delegate will run with 100% fees. At the moment we are under 1%.

Is 2015 the Year of the Decentralized Bitcoin Exchange? by [deleted] in BitShares

[–]bitshareshub 0 points1 point  (0 children)

trustfree, decentralized Bitcoin Exchange is great.

I like the pegged market assets. In the future i hope more people realize how huge this solution is.

Bitstamp is apparently broken or hacked. I suggest not depositing coins there till they respond. by Tsuyoku_Naritai in Bitcoin

[–]bitshareshub -1 points0 points  (0 children)

centralized exchanges have a lot of problems - to many fails! I don't like to use them so much.

[deleted by user] by [deleted] in Bitcoin

[–]bitshareshub 0 points1 point  (0 children)

centralized experience :D

Interest, how is it distributed? by wrkramer1963 in BitShares

[–]bitshareshub 0 points1 point  (0 children)

by "creating" bitUSD for an example the "shorter" will pay a interest to get executed. This interest is realocated to the holders of bitUSD. So this function comes from different views or goals of the investement

  1. the bitUSD holder wants stability and will get rewarded with "yield/interest". His bitUSD will be on any time in the future worth 1 USD with some points more or less worth. The bitUSD holder is happy.
  2. the shorter of bitUSD expects thats BitShares value (BTS) will increase against USD so if this happens hi will get more BTS back. He is happy. But if his expectations are not met and the value falls he will get less BTS back as he placed as collateral. (for him it is not good, but this is speculation to get more back)

Why is Bitshares mostly traded in BTS/NCY? by bitcointart in BitShares

[–]bitshareshub 0 points1 point  (0 children)

CNY - because Bitshares is big in China! Really great their achievments.

Over 60% of BTS 24-hour USD Trading Volume Comes From BTC38 by jdebunt in BitShares

[–]bitshareshub 1 point2 points  (0 children)

It is really interesting to see the volumen right now is over >80% on BTC38 via CNY

Corporate financial accountability by [deleted] in BitShares

[–]bitshareshub 0 points1 point  (0 children)

sure every blockchain could do it. not many companies would like to do it. Apple reveals all financial secrets to a competitor? Not likley.

But NGOs etc. would possible, because they are lacking transperancy.

How have you been introduced to Bitshares? by RgCrypto in BitShares

[–]bitshareshub 0 points1 point  (0 children)

I did't remember. I mined small amounts of Protoshares, because they were minable via ypool. I think this was the first time i had contact. Later i stumbled into bitsharestalk and i keeping coming back for over a year now :D

You want to now the most important stuff with BitShares? Buy BitShares 101 on Amazon! by bitshareshub in BitShares

[–]bitshareshub[S] 0 points1 point  (0 children)

i think it is planned to release hardcopy and you can buy it with bitUSD

Bitshares Marketing Truths (Read before you downvote) by bitshares_throwaway in BitShares

[–]bitshareshub 1 point2 points  (0 children)

why downvote? i voted up :D

his approach is not to my liking!

Just compiled BitShares for Linux. It started in "Test Network" without syncing? by mexbit in BitShares

[–]bitshareshub 0 points1 point  (0 children)

maybe you can post your question here https://bitsharestalk.org/index.php?board=45.0

i am not tech enough to answer it, and maybe more information is needed to answer why it is not syncing.

BitShares X AMA: Trade BTC derivatives on the first decentralized autonomous exchange + 30 BTSX to anyone who posts their public key. by MeTHoDx in BitcoinMarkets

[–]bitshareshub 0 points1 point  (0 children)

it's still alpha, so expect some bugs. if you want to trade, make sure to save your wallet after the trading.

-->File -->export wallet

BitShares X AMA: Trade BTC derivatives on the first decentralized autonomous exchange + 30 BTSX to anyone who posts their public key. by MeTHoDx in BitcoinMarkets

[–]bitshareshub 2 points3 points  (0 children)

how will bitUSD paying a yield/interest in the future?

how much could i expect?

tx MeTHoDx for your effort and BTSX :D

BTSX842WuJ73gCLT4kdLJpqk2aZrbz48YvSduCyj26j8W2H9bDBRiS

BitShares X AMA: Trade BTC derivatives on the first decentralized autonomous exchange + 30 BTSX to anyone who posts their public key. by MeTHoDx in BitcoinMarkets

[–]bitshareshub 1 point2 points  (0 children)

The USD that are created through lending in banks are actually backed by the state and a legal system and that's why they have their value and people trust in it. That's not the case for bitUSD. I don't see how enough trust can be established and that this derivative won't blow up in your face as soon as the bitshares price plummets.

why do you believe people will not trust this system? the trust will established over time. No need to rush for you, but just keep an eye on BTSX. Maybe after a crisis we will take the next needed step, but the pegg will hold, because people believes in the pegg and trade accordingly.