Topic: BitShares Loves Puppies - page 13. (Read 23219 times)

BitShares has, of course, been anticipating such a nefarious development...

Oi, you need to understand the demographic of the relationship between the dog vs. cat rationale first there bud. If we can assume X number of Cats dwell in a home compared to dogs you can then determine what your target audience should be. Say you just want to slowly weed out all the dogs and make cats the dominant species, I guess you could mess with cats DNA and breed them with tigers. Ever hear of a Liger? It's a lion and tiger mix and as big as a saber-toothed tiger, I don't know any dog that could compete with that.

This article, Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s Important, by Erik Voorhees in Bitcoin Magazine is several weeks old, but still worth commenting on.

The key tl;dr quote is:


1.  I agree with its premise that there is a great difference between coercive and market-based centralization.

This is an argument useful for answering my favorite troll who tends to mix his objections to coercion with solutions that people are free to adopt or not, as it serves their needs.  

2.  I don't agree that market-based centralization is harmless.

It doesn't seem hard to imagine that big governments and institutions could at any time be controlling Bitcoin's half-dozen biggest mining operations without our knowledge. Decentralization is needed to prevent corruption that comes with the ability of people in power to seduce or coerce a small number of players.  Whether that number is small due to market forces or coercive forces, the vulnerability still exists.

Now, since decentralization has its costs, every free person must decide how much decentralization is enough.  This will vary from activity to activity.  I don't need much decentralization to buy an ebook.  I need a lot more to protect my retirement nest egg.

How to balance decentralization cost vs. immunity from corruption is the question that interests me.

I think we should be exploring many solutions.  Who knows what we will learn by comparing them in action?

This just in about Max Wright's Amazon Number 1 Bestseller: BitShares 101:

I'm still in favor of working together to convert the world into users of decentralized exchanges, but dang, we're going to have to do something about all those cats sooner or later...

OMG! That is the most vicious and underhanded anti-cat FUD I've ever seen on this forum !
It's becoming obvious that Stan (if that is indeed his name) is simply a paid shill for the shadowy 'Scooby group'.

In rebuttal, according to my exhaustive research:
If we assume that there are 30 million cats in the continental USA, and (according to Stans own figures) 300 cases of rabies, then the chance of the average cat owner being savagely disembowelled by a rabid Fluffy is one in 100,000. Which is perfectly acceptable, IMHO

If we also assume that there are, lets say, 81 dogs in the USA, then we come to the unavoidable conclusion that 100% of all dogs have rabies.
As well as fleas.
And a habit of sniffing each others arses, not that thats completely wrong.

I rest my case.

It's time that dogs and cats unite to wean the world to the wonders of decentralized exchanges.

As a peace offering, I will not publish the following graphic as originally intended.  

Regardless of the rivalry    between NXT and BTS, I think we both agree that people in crypto should get away from the use of centralised exchanges.
Pretty much every major crypto heist can be traced back to an exchange security lapse (or theft by the operators).
De-centralised/distributed exchanges allow all the fun of crypto trading, without the risks of keeping your funds on the exchange.

Stans probably going to get drowned in NXT'ers pointing this out.......but NXT has had the MultiGateWay decentralised exchange up and running for the last 6 months, and the MGW tech has been integrated into SuperNET, offering even more trading opportunities.
For example: purchasing alt-coins with fiat via the integrated Coinomat plug-in.


NXT MultiGateWay currently supports:



And here are a few links:

http://multigateway.org/
https://nxtforum.org/nxtservices-releases/
https://coinomat.com/
http://www.supernet.org/

Cats are conclusively better than dogs, it turns out.  

Sad to see another centralized exchange get into trouble.  This hurts us all.

But this is also exactly what the BitShares Decentralized Exchange was designed to solve.  Even if you're not ready to invest in BitShares, you can still use its services to control your own destiny.


You always keep your assets in your own wallet and you can then trade between them without anything leaving your wallet, accomplishing the same thing you do on centralized exchanges.  Instead of continuous 24x7 exposure of your assets to hackers on a centralized exchange, this now only happens for the few minutes you spend moving through a gateway or bridge when you want to get your hands on the actual asset.

Most of the time, you don't really want the asset, you want the exposure to that asset's price characteristics.  So you hold market pegged bitAssets that track the value of other commodities and currencies. This lets you hop around between bitUSD, bitGold, bitCNY, bitSilver, bitEUR, bitBTC and BTS without leaving your BitShares wallet.  This set will grow, but that's a pretty good mix for trading against big movements in crypto vs. fiat.




The chances of a hacker timing their hack to the moment you are using a centralized gateway to move in and out of the BitShares Decentralized Exchange is vanishingly small.  And you can pick your gateway at the last minute from a growing list of options.

This way, you can quickly move from the BitShares Decentralized Exchange into your favorite leading coin just in time to spend it.

And earn a bit of interest in the mean time.

Details here on reddit.

If you are a puppy lover and live in one of these countries you will soon be able to have physical silver shipped to your door using BitSilver to pay.


The nice thing about that is you can lock in your price in 10 seconds rather that waiting days for your wired funds to get there.

Instant off ramp.

Cryptosmith just announced the details here:  BitSilver to Silver Website Contstruction Has Begun

Yup, yet another good reason (of millions  ) that cats>dogs, especially in confined spaces like RV cabs.

Looks like the Bush beans guy has no idea that his Dog just let out a chemical warfare attack on him.

BitShares is a blockchain.
Blockchains ain't talkin' any more than Duke the Bush Beans Dog.

Can't the delegates send them this as the id?

Or you can be like Roger "the tax dodger" Ver.  In terms of taxation, a lot of countries ruled that PoW is self-income (and theoretically so are any rewards for maintaining any networks) and BitShares' delegate setup is likely subject to it too (it creates a pressing problem as the tax authorities will probably shake down Bitshares to reveal the identities of those 101 delegates).

At this point, Invictus does not anticipate the need to sell any BitShares to meet its 2014 tax obligations.
I have no insight into the personal business of individual developers.

I heard a rumor that the reason Bitshares dropped a lot recently is that the developers had to sell a lot to pay taxes, is that true?  If so, does that mean its a good time to buy now or are they going to sell more?

I would be most interested!