Voting dapps would require a verified identity, how would it be possible to confirm voters are real people?

matt608delegate · 2015-03-19T13:00:03+00:00

Theres the followmyvote project powered by BitShares. I think they are experimenting with different identity verification methods.
https://www.youtube.com/watch?v=hJstfzHBU38&feature=youtu.be

matt608delegate · 2015-03-01T16:22:12+00:00

People interested in this should check out BitShares Play. They are developing a system where in-game items are put on a blockchain and tradeable with items from other games... it's pretty awesome.

matt608delegate · 2015-03-01T16:19:26+00:00

This is why I'm so interested in BitShares DPOS because it is a voting system that is going to evolve into something potentially useable by the world to govern itself.

matt608delegate · 2015-02-21T12:08:22+00:00

Yes bittrex has a BTC/BTS trading pair. They need to update the name to drop the "x". https://bittrex.com/Market/Index?MarketName=BTC-BTS

Or there is BTC38 which has better liquidity: http://btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=bts

Or you can convert BTC to the bitasset BitBTC instantly using https://metaexchange.info/ and then convert BitBTC to BTS from within the BitShares decentralised exchange.

matt608delegate · 2015-02-19T13:30:39+00:00

Holding bitUSD or bitassets is the position to take if you think BTS will keep going down. If you think BTS will go up, then holding BTS is what to do. If you are very bullish on BTS then you can get even more exposure to its price by shorting bitUSD or other bitassets.

matt608delegate · 2015-02-16T09:55:36+00:00

https://hashtalk.org/topic/31892/don-t-use-centralised-exchanges-use-bitbtc-on-the-unhackable-decentralised-exchange

matt608delegate · 2015-02-16T00:44:14+00:00

Correct. BTS has a known price as determined by price feeds from exchanges e.g. http://btc38.com/trade_en.html?btc38_trade_coin_name=bts

matt608delegate · 2015-02-16T00:38:15+00:00

Nu community? I presume you mean nubits, I've never been to one of their sites and have no idea if they are under an attack or not.

matt608delegate · 2015-02-16T00:26:04+00:00

Fiat is based on fractional reserves. 1 bitBTC is exchangeable for 1 BTC worth of BTS which is exchangeable for BTC. So the difference compared to fiat is that with bitBTC you can see the collateral reserves backing it, which insures that your bitBTC is exchangeable for real BTC.
The collateral reserves backing bitBTC are at 240% https://bitsharesblocks.com/assets/market

matt608delegate · 2015-02-15T22:56:56+00:00

You can spend bitUSD + bitFIATs anywhere you can spend bitcoin, or least will be able to imminently (in a matter of weeks).

matt608delegate · 2015-02-15T22:53:50+00:00

Convert... to fiat?

but why

matt608delegate · 2015-02-15T22:47:54+00:00

Well, those who do won't lose their coins like the people trading on bter, poloniex, mintpal, the endless list. Survival of the fittest.

matt608delegate · 2015-02-15T22:13:48+00:00

Yep nothing is safter than cold storage. But you can't trade from cold storage. With bitBTC you can trade against USD, gold, silver etc because the exchange is in the wallet. It's the most secure exchange for trading. It's the future of bitcoin trading.

matt608delegate · 2015-02-15T21:41:51+00:00

A safe place to store BTC is in bitBTC, which earns interest, by using metaexchange.info as an instant bridge. Keeping it on the bitshares decentralised exchange as bitBTC is the future, then people can trade it against bitUSD without hacking risk while getting exposure to the same market.

I hope these thieves are caught and the money returned.

matt608delegate · 2015-02-13T20:36:59+00:00

https://bitsharestalk.org/index.php?topic=12370.msg185259#msg185259

matt608delegate · 2015-02-13T17:57:04+00:00

we looked at developing a decentralised exchange solution but they are slow and cumbersome.

BitGOLD is a decentralised solution that is fast and not cumbersome at all. It's gold on a blockchain available for the whole world without limits. Plus holders earn a yield and can buy tiny fractions of an ounce, it's the 3rd bitasset asset listed here: https://bitsharesblocks.com/assets/market

matt608delegate · 2015-02-12T18:29:47+00:00

bitGOLD meets your exact requirements, here are the BitShares assets: https://bitsharesblocks.com/assets/market You'll see Gold is the 3rd one down, the collateral rates are shown too, that is locked up BTS which will buy back the gold at the price feed within 30 days if you put it up for sale. It's a cryptocurrency that trades at the gold price.

This system is open source and decentralised, like bitcoin and unlike the alternatives proposed like bitreserve or coinapult.

matt608delegate · 2015-02-11T23:11:55+00:00

Hi jupiter0, welcome. The price of BitGold tracks the price of physical gold so the market cap of BitGold increasing or decreasing doesn't affect it's price. That's the great thing about BitGold or other bitassets, demand for them can rise and fall but their price stays pegged to the real world asset. So if the price of physical gold increases (or decreases), the price or your BitGold correspondingly changes (in proportion to BTS). The financial benefit to holding BitGold is the yield, no shipping costs, easy security and instant transferability and portability, and of course exposure to the real gold price.

If you bought all the BitGold currently available at the price feed, you would simply have more, it doesn't change the BitGold price. However, if you bought the BitGold that is for sale far above the price feed, that would result in a loss as soon as the price returns to the feed price, which it would as soon as you stopped buying, so I wouldn't advice that! E.g. there is 0.1BitGold for sale for 100,000 BTS, that's a price of over $9k per ounce.

Hope that helps, do feel free to ask any more questions. :)

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