Topic: BitSharesX -- out of nowhere? - page 3. (Read 5811 times)

Why shouldn't we discuss the possible shortcomings of competing technologies? It's not like this is a forum for exactly that...oh wait, it is

Slightshot

1.
You are making a lot of "scam" claims and not provided any single piece evidence.  Show us some malicious intent by the devs.  They have been nothing but open, honest, and go to great lengths to accept community feedback.  Did you ever post your concerns on www.bitsharestalk.org or join their live WEEKLY mumble session?

2.
You quoted TaunSew, a known troll.  Really?

3.
You stated you hold/held PTS, can you explain CLEARLY in one sentence or two why you are so angry?  If you held PTS, you acquired shares in multiple DAC's which have all been rolled into one main DAC.  Were you looking for 3rd party DAC's to honor your PTS?  You now hold BTS that uses DPOS, has a built in derivatives exchange, and will be adding new voting options both for delegate and as a vote DAC.

4.
http://followmyvote.com/follow-my-vote-joins-cavo/

5.
This board has turned into bag holders hating on others technology instead of appreciating dev's pushing the limits of blockchain technology which will benefit everyone.  If you do not agree with BitShares, either do not buy any or go short, simple solution.

It's had a shifty business model and shifty direction of the platform and a shifty final product that still isn't clear yet.

It may very well end up being successful. As far as I know some of the functions are working most of the time as of now. But I'm still going to wait and see it in full action. Or I'll just wait until blockstream releases sidechains and somebody clones bitshares using btc as a backing and locks it into the side of Bitcoin

Haha, Slingshot I already stated that I'm a fanboy, But still I'm impressed the time you put to prove you are not a idiot but  I'm not convinced sorry.

Yeah but a delegate is only signing <1% of transactions. Also if they ever exclude transactions they'll be voted out quite quickly. A bigger problem is that people don't really want to vote that often so very little active voting stake is needed to gain short term control of the system. Hopefully simpler ways to vote as well as perhaps incentives provided by some delegates will improve that over time.

=================================================================================

"Are you aware PTS/AGS/DNS holders were gifted BTS"
 Yes, I am fully aware and have been since day 1 concerning PTS.

"and that is the reason for the dilution and PTS price declining?"
 Yes, I am fully aware of the present scam to ripoff PTS shareholders.
 Yes, I am fully aware because of the current scam that
"...They no longer need to support PTS and thus the focus is now on BTS completely..."

"It's simple to understand"
 Yes, this scam on top of all the rest is quite simple to sum up.

" http://bitshares.org/bitshares-reloaded/ "
"Read the newsletter and you will understand no one got shafted."
 Yes, MANY got ROYALLY Shafted.
 That reloaded nonsense was what exactly? Ignoring the very
 "foundation" of Bitshares (PTS) is what.

"John Underwood would not waste his time if they were not a legitimate group of devs."
 So now your speaking for that man too? This implies this is what exactly? So since he
trusts in this we all should just blindly trust in this too? Get Real.

 And then (brekyrself) starts speaking out of the other side of his mouth by stating
this is "...this is the wild west, they will not act like a fortune 500 company..."

 Humm, might want to do your own due diligence on the fact of the matters
concerning that this really isn't the "wild west at all". And that all eyes are on scams
much like this one.

 And hey, if you have $800+ an hour team of lawyers that crossed ever i and dotted
every t then hey, maybe you too can get away with it. But when the regulators put
you clowns in their cross-hairs your likely not going to like it much and will realize just
like many others already realized it that this isn't the "wild west" at all.

 Many a boiler plate (two bit) lawyer will take your money, all while offering terrible
advice. But then young adults don't likely understand that much. But those SP500
companies? Yea, those? Yea, they have armies of lawyers, that they really can trust.

 What with all the high profile busts and take downs maybe you can get a sense that
examples are being made of anyone thinking they can steal by way of Crypto, or
commit money laundering by way of the dark-nonsense.

 You claim nothing is out of order. Others, including myself claim otherwise.
Houston WE have a serious malfunction!

 There is only ONE MOB I respect. I only respect the gavel and the badges because I
(and we) are forced to in this in our cold, cruel, evil, rotten, world.


 Now, speaking of brass knuckles:

When PTS started: here is a quote:
-----------------------------------------------------------------------
"BitShares (PTS) | Creating the foundation for profitable DACs"

http://bitshares.org/
-----------------------------------------------------------------------

 Of course that's not the case any more is it?? That's fraud.

Or at least to myself and (very likely to other PTS shareholders) it reeks of fraud when
suddenly this new scam states elsewhere all of a sudden that...
"...They no longer need to support PTS and thus the focus is now on BTS completely..."

 So you burned it ALL DOWN, for nothing but an empty bag of scams that finally blew
the whole thing completely up. - that's my take. And surely others are running as fast
and furiously away from this entire mess termed BitShares*.*


PTS = 7% of Bitshares + (-72% devaluation of PTS, and of course now say what???
LIKE HELL IT DOESN'T


"...They no longer need to support PTS and thus the focus is now on BTS completely...")
Doesn't compute.

 And these two BILLION new shares are not minable, and instead conjured up midstream
suddenly, due to extreme greed?, and divided up amoungst mainly the scammers and
insiders? You guys...You guys...Your behaving just like the SP500 Board Members, many
whom are stealing from their own companies shareholders and even their own pensioners
(ex-employees). Really? What? Is that news? I hope not!!!
 
 Toss in there is 2 billion of these new "Bitshares" and wow, it's obvious that delusions of
grandeur are running wild in some peoples minds with that amount of dilution.

 Watch out BELOW, here comes THE DUMP...of the new "Bitshares" that have zero profits
and nothing but a lousy, hyped up marketing promo.

Again, the BOTTOM LINE:

 You lost many peoples confidence, plain and simple. And you absolutely lost me when
these fluff pieces touting what a wonderful thing this is for everyone involved, bla bla bla.
(At the links above).

 Did anyone even proof read this garbage at those links??? It's hard to even follow through
from day 1 to today. In fact I am still reeling trying to make sense of a lot of things but that
is AFTER THE FACT, instead of before dipping toes into the waters.

 Marketing? Genius? No. Horrible marketing, so convoluted it's revolting. Genius? Where?

 You think you can (scam) steal from senior shareholders that "are the foundation"? Really?

 Forgetaboutit. You guys just blew this all up, and it's 100% your faults.

 And it reeks so badly I doubt it will recover. But hey, there really is a sucker born every second.
So maybe so. Then again, I seriously think you young men screwed all the poodles and there
isn't any putting it all back now that confidence is shot.

 Just another Pump & Dump. Correction...a long series of scams and swindles with many Pumps
and Dumps. And nothing else but pie in the sky and NO PROFITS at all, from any DAC. Or did
you idiots forget about PROFITS?? And I am not talking about PUMP and DUMP scam currency
offerings either. But instead ongoing, legit, DAC PROFITS. (there are none).

 

I don't think this is quite accurate, because in the DPoS voting for delegates is a transaction, a transaction which the delegates themselves control, while in the bitcoin system miners are free to abandon a pool at any time, thus reducing their hashing power and influence (besides other major differences between PoW and modified PoS systems).

@Slingshot
Now I know - you are the forum bot which like bitcoin 

@Slingshot

Are you aware PTS/AGS/DNS holders were gifted BTS and that is the reason for the dilution and PTS price declining?  It's simple to understand if you perform some due diligence on your investment.  They no longer need to support PTS and thus the focus is now on BTS completely.  This is a win-win for everyone.

http://bitshares.org/bitshares-reloaded/
Read the newsletter and you will understand no one got shafted.  More so these dev's are very public and have been speaking at important crypto events nationwide.

John Underwood would not waste his time if they were not a legitimate group of devs.  People also need to realize this is the wild west, they will not act like a fortune 500 company.
https://bitsharestalk.org/index.php?topic=11125.0

Yes. Go short a BitAsset like BitUSD in the BitShares client.

(BitUSD is created when a long meets a short who provides 200% BTS collateral. The short makes money when BTS gains relative to BitUSD. So going short is a leveraged long position on BTS.)

Is there any way to take a leveraged long (or short) position on bitshares?

 So the fanboy/scammer of PTS & X comes running to their rescue by attacking the messenger when he doesn't approve. Wow, so original and pure genius. NOT!

 But it's so nice to know that you agree someone can have a different opinion and not be personally attacked. NOT. Get real jerk! Your a scammer and fully complicit and guilty of at least aiding and abetting.

 As for one's prior posts: here's yours:
Show the last posts of this person. (testz)
https://bitcointalksearch.org/user/testz-105060

 Your (testz) is an obvious fanboy and insider? and are doing your best to deflect, misdirect, and obfuscate the facts and truth.

 And from the looks of it all you care about is selfish, greed, and scamming others. What a resume! Gotta hand it to ya! Ya got some nerve.

 And you went all the way to the 7th page of my prior posts? Wow, I must have really interesting posts! But not so with yours (testz).
How's that for attacking an obvious shill and fanboy of PTS & X.

 O, yea, one last thing. I have and do own PTS but finally it's obvious it's been a giant swindle and fraud, but I wont be dumping it onto another dupe because that would be very wrong.

 I will be seeing you and anyone else that is complicate enough at your trial(s) for stealing from shareholders. Your not big and bright enough to stay of regulators cross-hairs.

 (testz), what a joke. This is the best you have in any rebuttal?



 The likes of those very like yourself are extremely likely going to all be frogmarched to prisons where your kind all belong, along with heavy fines, severe claw-backs, and ruinous financial condition from merely the lawyers fees alone.



 This is pure selfish, greed, unfettered, and with loads of pure fraud, deceit, and swindle.

*********************************************************************************************************
 If they didn't have such a greed factor they would focus on building something instead of swindling others and coming up with ever more schemes and ever more swindles with ever more currencies while doing nothing else. ********************************
*************************************************************************

 It's okay to fail. It's okay to be an idiot. It's okay to be incompetent. It's okay to be outplayed and out foxed.

*******************************************************************************************************
But fraudulent swindles are not okay. And neither is cooking the books through ever more dilutions through ever more currencies and sub-currencies.****************************************************************************************
****************

 It's every Principles Fiduciary Duty to protect shareholders and even speculative investors from known and knowable harms.
*****************************************************************************************************
 Obviously they could care less about any and all fiduciary duties to anyone but themselves.



Bottom Line:

*******************************************************************************************
 All these idiots SEEM to care about is ripping off ever more victims instead of really, truly building anything at all.
*******************************************************************************************

 PTS & X are finally found by those shareholders like myself to be obvious scams, schemes, to fleece unsuspecting fools and dupes.
*********************************************************************************************************


 This sorta kinda a bit reminds me of the "no  promises at all" of Ethereum with their pay us now up front, and no promises or commitments, but we may or may not do something with all that money you suckers handed us prior to doing anything at all. But then at least Ethereum was wise enough to dot their i's and cross a few t's too. And not get stupid, selfish, greedy, fraudulent.

 Maybe Ethereum will prove to not be any scam or scheme. Hopefully. But it didn't pass any smell test with myself, and many others.


 Whereas BitShares PTS did at first seem and appear very legitimate, but in the end it proved it's e not even remotely doing anything but apparently swindling their way to dirty monies.

 BitShares PTS
http://bitshares.org/
https://bitsharestalk.org/
https://coinplorer.com/PTS




 Yes, Bitcoin is true monetary freedom.
=========================
But then that seems to upset certain types. No doubt (testz) was stupid enough to include that remark about this too. What an idiot.


 You idiots should not have done what you did. You will pay, and pay most severely for your frauds and swindles.

If I had to guess I would say your backgrounds are either in finance or banking associated with IT, likely both. Just before ending up as criminals here in cryptoland?? And just like the banks and central bankers your a crime still in progress too.

 But unlike them your not too big to go down hard. And yes, the SEC and other Regulators are listening, reading, and paying close attention HERE. Stick that where your head belongs, and where your head has been for the longest, idiots...

 You stole MY MONEY. YOU WILL PAY.

Clearly this project is still standing behind the forum, when it takes public really we will see what happens!

This guys along with ethereum has the best bitcoin 2.0 project imho.

The dilution is likely to be less than 2% per year, and goes directly to funding worthwhile projects (as voted on by the shareholders) to build the entire BTS ecosystem. This is way less than bitcoin's 8% dilution and the new money actually goes to increase shareholder value as opposed to waste it like bitcoin mining does. And the dilution is hard capped at 6.3%, but only the amount shareholders vote for will actually be diluted. Personally, I think the ability to fund BTS growth in this manner is absolutely a killer feature.

BitUSD is mainly traded on the internal BTS exchange; there's too little liquidity on Bter for it right now. That'll change with adoption.

As usual, hard to say who to believe.  I'm sorry to hear about the dilution.

BitUSD is only on Bter and BTC38?  Why is there so much Chinese support for this stuff?

No, BitSharesX holders don't have to do anything. It's just you've been diluted a bit.

However a lot of new features like BitShares DNS & Vote are going to be added to the platform.

BitShares is absolutely a game changer and Dan Larimer truly is a financial/coding genius. Anyone FUDing/shouting scam now will be crying in a few months' time. Don't say I didn't warn ya.

Where are they going? To the slaughterhouse?