So what's the story with this project right now? In purgatory?
No, very much alive and kicking, although not too sure of the video part! ETA is December 2013 beta. And a mysterious hardware product that we're not supposed to know about just yet
Topic: BitShares Introduction Video (Read 1998 times)
And a mysterious hardware product that we're not supposed to know about just yet
I am interested in the new video too. I am curious to see how BitXYZ will track the price of actual XYZ in a free-market based solution rather than any centralized price controlling mechanism. I also don't think I fully got how dividends will be paid and the relationship between BitAssets and BitShares is a bit hazy. I am still reading your document though.
p.s. see you on October 5th in cryptocurrencycon in Atlanta!
p.s. see you on October 5th in cryptocurrencycon in Atlanta!
BitAssets track USD price like prediction markets track election outcome probabilities... with the primary difference being the market has much better information and as a result it will be an order of magnitude more accurate.
It is all about betting on which way the 'consensus' will move where the only logical bet is that it will follow USD and thus it will follow USD. Once a market establishes a consensus it is very hard to budge that expectation because it requires the majority of the market to change their mind at once.
Dividends are 'paid' when you transfer your money based upon the coinage and the amount of money. (they are not paid as a million micro transactions).
BitShare ~= Bitcoin
BitUSD = Collateralized Promise to buy back a BitUSD with BitShares at a future market price. Collateral starts out at 2X USD value worth of BitShares.
Miners enforce the promise when Collateral falls to 1.5 x current price.
Current price equals the highest unaccepted bid in the order book.
I am interested in the new video too. I am curious to see how BitXYZ will track the price of actual XYZ in a free-market based solution rather than any centralized price controlling mechanism. I also don't think I fully got how dividends will be paid and the relationship between BitAssets and BitShares is a bit hazy. I am still reading your document though.
p.s. see you on October 5th in cryptocurrencycon in Atlanta!
p.s. see you on October 5th in cryptocurrencycon in Atlanta!
The video doesn't seems to work anymore...
Unfortunately, I haven't had time to create a new one... 
The video doesn't seems to work anymore...
Nice, thanks! I'll read it tomorrow, but that's what I was looking for, thanks for the information
Looking forward to the new video. Do you have a document of some sort that we can read to understand this?
link to video doesn't work (location: Germany)
any alternative link? vimeo?
might there be some copyright material in it ?
(in that case it usually gets banned for Germany)
any alternative link? vimeo?
might there be some copyright material in it ?
(in that case it usually gets banned for Germany)
This video was from an earlier design that didn't work so I took it down so that I didn't confuse anyone. A new video is planned in the near future.
link to video doesn't work (location: Germany)
any alternative link? vimeo?
might there be some copyright material in it ?
(in that case it usually gets banned for Germany)
any alternative link? vimeo?
might there be some copyright material in it ?
(in that case it usually gets banned for Germany)
BitShares = 21M mined like Bitcoin.
Dividends = 50% of mining fees + Trx Fees.
coldcoin? BitGold is left in a "Bitcoin" address as a balance in a different unit.
BitShares can be thought of like BitCoin + Dividends + Minting/Melting.
Dividends = 50% of mining fees + Trx Fees.
coldcoin? BitGold is left in a "Bitcoin" address as a balance in a different unit.
BitShares can be thought of like BitCoin + Dividends + Minting/Melting.
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volatility? A thing of the past!
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Alice does not want Bitshares due to their volitility
ehm...?I've watched the video, but I don't really understand the system yet.
How many Bitshares exists? Where are the dividends coming from? Where is the goldcoin located after you mint it with the shares?
Hello everyone, I have finally gotten around to producing the first draft of my introduction to BitShares video. Hopefully this will be easier to follow than some of my posts!
http://www.youtube.com/watch?v=RPbSaznUbg8&feature=youtu.be
Remember, there is a 10 BTC bounty out to convince me that it will not work. There is also a 0.5 BTC bounty to find bugs in my block-chain algorithm that will open it up for attacks. So far my bounty campaigns have helped find and fix many shortcomings of earlier versions. A special thanks to thezerg for his help in finding these bugs.
*edit*
The system does not work except to enable trustless short selling of crypto-coin.
http://www.youtube.com/watch?v=RPbSaznUbg8&feature=youtu.be
Remember, there is a 10 BTC bounty out to convince me that it will not work. There is also a 0.5 BTC bounty to find bugs in my block-chain algorithm that will open it up for attacks. So far my bounty campaigns have helped find and fix many shortcomings of earlier versions. A special thanks to thezerg for his help in finding these bugs.
*edit*
The system does not work except to enable trustless short selling of crypto-coin.
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