Topic: Bitshares-PTS to double/triple in price in the next 45 days!!? - page 14. (Read 15263 times)
dudes, BitShares was debunked as bullshit earlier, why keep postig the shite?
~CfA~
~CfA~
source?
I would like to see that as well.
This shitcoin is still around??? Weren't they supposed to pay everyone their bitshares-x like....4 months ago or something but never did?
To be honest, I was a bit frustrated with length of time they've taken and would have liked BitShares XT tradeable earlier. However it should be worth the wait.
By comparison, I have circa 50% in Bitcoin still, though I like Bitcoin, it is pretty centralised because you only have to get to two people to destroy confidence in the system at a crucial time.
The confirmation times & transactions per second are excruciatingly slow hence the need for Bitpay etc.
But the big one for me is that a lot of merchants let you pay in Bitcoin but transfer straight to $.
BitShares X if it eventually is able to do what it says on the tin, will have a system that's more decentralised but with enough trust (knowing who will produce next block) that they can handle MasterCard/Visa volumes and process them incredibly rapidly. More importantly you will 'hopefully' be able to hold BitUSD or BitGold on a blockchain. So it's not a shitcoin, more like the - 'could change everything coin' so I guess actually you could call it 'the shit' coin
The first chain will have interest payments removed and be light on features but this is the idea for those that are interested. (Buying PTS now won't get you a stake in it, you'll have to wait a few weeks till it becomes tradeable.)
Quote
BitShares is a revolutionary new bank and exchange that could rival the value of the largest banks in the world such as JP Morgan and Bank of America in just a few years. How could this new upstart grow so quickly? BitShares offers a bank account that earns 5% interest where funds can be transferred in minutes anywhere in the world with more privacy and security than a Swiss bank account. Your account can never be frozen, your funds cannot be seized, and the bank can never face collapse due to loan defaults or fraud. All of this is made possible without requiring any employees, lawyers, regulatory compliance, vaults, buildings, and other infrastructure required by traditional banks. Unlike existing banks, you can hold your balance denominated in gold, silver, oil, or other commodities in additional to national currencies while earning 5% interest.
In addition to acting as a bank, BitShares also serves as an exchange where currencies, commodities, and stock derivatives can be traded with most of the features used by professional traders including shorts and options. The Bank takes a cut on every transaction and pays 100% of these transaction fees as dividends to the shareholders. BitShares can achieve this feat using the same technology that makes Bitcoin possible, irrevocable decentralized automated consensus forming.
In addition to acting as a bank, BitShares also serves as an exchange where currencies, commodities, and stock derivatives can be traded with most of the features used by professional traders including shorts and options. The Bank takes a cut on every transaction and pays 100% of these transaction fees as dividends to the shareholders. BitShares can achieve this feat using the same technology that makes Bitcoin possible, irrevocable decentralized automated consensus forming.
You can keep track of progress and learn more here https://bitsharestalk.org/index.php?board=3.0
Do the AGS dividends pay out in PTS or BTC?
Neither. They get you shares in new DAC's.
So for example, when the Bank & Exchange DAC is tradeable in a few weeks, I will be allocated shares based on how many BitShares-AGS/PTS I had at the time of the snapshot.
Thanks for the explanation.
Do the AGS dividends pay out in PTS or BTC?
Neither. They get you shares in new DAC's.
So for example, when the Bank & Exchange DAC is tradeable in a few weeks, I will be allocated shares based on how many BitShares-AGS/PTS I had at the time of the snapshot.
this topic was very speculative and not based on any facts at all.
Prove to us why this will jump. Give us some hard articles and information or some solid proof.
I don't plan on converting my BTC to PTS anytime soon
Prove to us why this will jump. Give us some hard articles and information or some solid proof.
I don't plan on converting my BTC to PTS anytime soon
Any anticipation at future price movement will be speculative hence the question mark in the title.
I can give you more of my thinking though.
The first major DAC they announced was BitShares X which was Snapshotted from BitShares-PTS&AGS on 28/02/104
Look at the price right after, it went from $15 to $5, a 66% decline. https://coinmarketcap.com/pts_180.html
1. That was just one DAC from a fairly unknown, unproven company. They now have a full development team and BitShares X & their new DPOS system should both be released shortly. (Look at the testing thread in this section to see if you think they are close- https://bitsharestalk.org/index.php?PHPSESSID=343e9d1b919aae1d7e3963ff83823cc6&board=3.0)
They will then also not just be announcing 1 DAC but a group of DAC's.
2. At the time of the BitShares X snapshot, you could also get a stake through BitShares-AGS, you can see leading up to the 28/02 BitShares AGS was getting 150 BTC a day! http://www1.agsexplorer.com/ (Go to chart section and zoom in on 2nd half of February)
But the AGS window is closing in 20 days so all the demand when DAC's are announced will be driven to BitShares PTS.
3. The volume now is very low, any increase will move the price. I also urge to look at the exchanges where it's traded. There is just not a lot for sale. I've accumulated some new PTS slowly over the last two weeks for this two month trade but my base PTS is locked down to give me a share in all their DAC's for the next 2-5 years. I believe most holders are of the same mindset as a result
4. Oh BitShares-PTS has all mostly been mined (80%+). There will only ever be 2 000 000 PTS and there are already 1 645 000.
(Regards articles you can an intro to their new DPOS system here, http://bitshares.org/intro-to-delegated-proof-of-stake/ , intro to their new Bank DAC (aLready snapshotted) https://bitsharestalk.org/index.php?topic=12.0 .)
Post pic with no indication of who is who and take your word for it?
Hi, sorry. I suppose that's a good point.
https://bitsharestalk.org/index.php?topic=5079.0
Quote
Denny, Vikram, Nathan, Nikolai, Dan, Nikita
Guy with hands in square, front right is Daniel Larimer - Founder ('Bytemaster' on the BitShares forum)
Guy behind him, no shoes is Nikolei Mushegia, he's listed as working on the soon to be snapshotted company, BitShares DNS, but he's a real asset in everything. ('Toast' on the forum.)
Far right is Nikita Sharakhoy, software engineer.
Far left is Denny Wang, he's a developer. (Very involved in BitShares Lotto I believe, handle is 'Hackfisher' on the forum)
Behind him is Vikram Rajkumar (BitShares DNS)
Guy in middle is Nathan Hurt, developer I believe.
They're also on their team page as well as a few others
http://bitshares.org/community/team/
this topic was very speculative and not based on any facts at all.
Prove to us why this will jump. Give us some hard articles and information or some solid proof.
I don't plan on converting my BTC to PTS anytime soon
Prove to us why this will jump. Give us some hard articles and information or some solid proof.
I don't plan on converting my BTC to PTS anytime soon
dudes, BitShares was debunked as bullshit earlier, why keep postig the shite?
~CfA~
~CfA~
source?
dudes, BitShares was debunked as bullshit earlier, why keep postig the shite?
~CfA~
~CfA~
Do the AGS dividends pay out in PTS or BTC?
Post pic with no indication of who is who and take your word for it?
This is all pretty obscure to me.
I see a "Donate BTC Now" button.
It brings up a qr code.
Suppose I send some BTC to that address... what then? You keep my BTC?
Is there an explanation somewhere of how this works? How do I buy in to this thing called bitshares?
Edit: I am doing some reading, like this thread
https://bitsharestalk.org/index.php?topic=1863.0
but still don't understand the mechanics of donating and how to secure my stake. Take a wrong step and my donation disappears into oblivion.
I see a "Donate BTC Now" button.
It brings up a qr code.
Suppose I send some BTC to that address... what then? You keep my BTC?
Is there an explanation somewhere of how this works? How do I buy in to this thing called bitshares?
Edit: I am doing some reading, like this thread
https://bitsharestalk.org/index.php?topic=1863.0
but still don't understand the mechanics of donating and how to secure my stake. Take a wrong step and my donation disappears into oblivion.
I don't keep the BTC dude, I'm just an excited supporter trying to do my part to let people know about it.
But yes the address is 1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc
https://bitsharestalk.org/index.php?topic=1863.0
So just send BTC to that address from your wallet/address you control (have private key for), I.e don't send it from an exchange.
Once you send you can see it at that site and if you click on the address you sent from it should tell you how many AGS you know have. http://www1.agsexplorer.com
(There are 2 000 000 AGS being awarded, 10 000 a day, for 200 days, only 20 days left...)
Yes they keep the BTC in a development fund, they have some publicly viewable ledger where they track funding so you can see what they spend it on.
This is some of the team...
Now when they release a product or someone else releases a product that wants to honour AGS then your private key for the address you donated from should access your shares in the new company.
As I said the big ones coming up soon (that donating now would get you shares in) are BitShares DNS, BitShares Music, Lottery/Gaming too I think, then plus there are independent projects looking to honour Bitshares once the window closes too.
Bitshares has been off the radar for a bit and I wanted to let you know that it is set to explode soon!!!!
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All in all I think it is the perfect time to buy, what do you guys think of Bitshares?
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All in all I think it is the perfect time to buy, what do you guys think of Bitshares?
When will I be able to sell my Bitshares-X?
I would like to cash out some of them. I have my wallet in cold storage. I've been waiting _f o r e v e r_ for Bitshares-X to start working like a cryptocurrency that I can buy/sell. Lucky you you donated before Bitshares X, wish I could have got more.
They are doing testing at the moment, dry run 6
https://bitsharestalk.org/index.php?board=3.0
I agree though, they've taken ages... Should have at least made it tradeable much earlier.
Their reason was this new DPOS system that is 'supposed' to be super fast way to process transactions.
The good news is now that it's in final testing, a lot of stuff is set to happen quickly all at once.
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