Topic: What's wrong with BitShares and why I am leaving. (Read 2335 times)

I'm not an economist, but it indicates a high demand for bitUSD, possibly due to the recent rise in BTS price. Also, a lot of users believe that the market rules aren't balanced to provide enough incentive to shorts.

Check out the discussions regarding the BitAssets 2.0 proposal, an evolved form of BitAsset mechanics that will provide much better liquidity.

BitAssets 2.0: https://bitsharestalk.org/index.php/topic,16127.0.html

Response to design critiques thread: https://bitsharestalk.org/index.php/topic,16143.0.html

Coinmarketcap is showing the BitUSD price right now even more lopsided - at $1.18



Is that accurate? Was the problem not resolved with the May 5 update, or is it a different issue?

I was "during the first few days of the Protoshares release", support network and helps users to get synced:
https://bitcointalksearch.org/topic/m.3486246

I also mine a lot of other coins in 2013-2014 and can tell you that many coins has a problems with releases, even Primecoin, so yes, Protoshares has problems with sync, diff retarget, lack of pools, proprietary GPU miners, etc but nothing special for what miners would not be ready.

Oh Rly?  I'm a "lying piece of shit"?  Unless the posts have been removed from their forum, users at that time, the beginning of 2014, were complaining about connectivity issues and being unable to mine PTS.


If the current software causes so many problems for so many people, how stable do you think it was in the beginning?  Is it really such a stretch of the imagination to surmise that people who refer to derivatives contracts as "Safer than a Swiss Bank Account" to lure in the unsuspecting masses would intentionally release software with connectivity issues to increase their profits?  I don't know if you were around in during the first few days of the Protoshares release, but forks causing users to lose sync and mine orphan blocks were an issue for many in the beginning.

99% of delegates use Linux at VPS, so it's "somehow" can be compiled:
https://bitsharesblocks.com/delegates

If you really need/want the help with compiling, post your problem at https://bitsharestalk.org you will see how fast you get it.

PS: I use Windows, compile cli version without any problems and use this version for my delegate.

TITAN was delivered in first released version of BitShares:
http://wiki.bitshares.org/index.php/TITAN

TITAN is not optional, in latest version you can create "public" accounts for which TITAN is turned off.

I tried it last year.  Had the same experience.  I thought they should have it fixed by now.

I thought I was the only one. The BitShares software constantly crashes on my computers. It's super alpha-stage software.

OP:
I'll tell you why I didn't get into bitshares.  The source distribution wouldn't compile.  The binary distribution was not for my OS (Linux).  The git distribution wouldn't compile.  After putting my time into getting it to compile it would crash at startup.

sdp

It looks like you're new here, so I'll give you the benefit of the doubt when it comes to knowing the fully history of Bitshares.  I was around when Bitshares was just conceptual before the Protoshares launch and read all the discussions.  Interesting fact, initially Bitshares was going to be Proof-of-Work, but after the success of NXT, they decided to change to DPoS (Debilitated Proof-of-Stake).  I mined Protoshares from the very beginning.  I remember when the PTS chain was started quite a few individuals reported problems connecting and staying in sync with the blockchain.  Of course, if you can't stay in sync, you can't mine Protoshares.  I find it a little suspicious that during the most profitable mining period there were connectivity issues.  If I was trying to conduct a fair launch, I'd make sure all the connectivity "bugs" were worked out prior to launch.  Although, I know according to Stan that's not how Bitshares works.  They prefer to test in real life and if it breaks and causes others to lose money then too bad.  Now, Stan will tell you they themselves barely mined Protoshares because their mining hardware hadn't arrived yet.  If that was the case, I find it hard to believe that they barely mined any Protoshares because everyone and their brother were renting AWS servers to mine Protoshares.  Maybe it's just me, but I find Bitshares launch just a little shady.

Why don't you invite him to Bitshares Talk? I would love to see Spoetnik argue the merits of collateral, Black-swan protection, interest rates, forced liquidation/settlement, price feeds, arbitrage, etc. Hey Spoetnik...do you think it's fair that the  least collateralized speculators are forced to arbitration in regards to shorts? Very easy question for someone who is a Hero like you. And if you don't know, then why are you talking? And can you provide all those links where you prove BM is scammer?

Like I said before... sometimes you act like village idiot, and sometimes you are village idiot! If you go to BTS Talk and expose them... I apologize to you and get my sister to service your undercarriage... deal? I know... shut the fuck up noob! You are Hero... of what, I don't know.

Yes, but I believe TITAN transactions are now optional as requiring it makes the light wallet implementation infeasible. Others can correct me if I'm wrong about this...

Was TITAN ever delivered?

Get lost. Somebody doesn't read the market rules and needs to purchase a little BTS to clear their position and you call it a scam. Says more about you than anything else. Bitshares is the most advanced and undervalued coin among currently trading alts. Proof of work is dead. Instamined coins and IPO coins with shady distribution are dead. This kills everything in the top 10 of market cap except Bitshares and maybe a couple others. Get with the program or get left behind.

Problem was you got involved in shit from a scammer.
The guy has a track record around here I have spotlighted countless times..
And you all just shrug your shoulders and hand him your money.

You guys really do make it easy for them 

And no I can't be bothered repeating myself for the millionth god damn time.
Use your brains or get burned idiots .

The fix for the root problem in the OP has already been completed and will appear in an upcoming release.

you have not responded to the issue Chairman Larimer

Strange answers - not a word on the issue. Shouldn't fixing it be top priority?
How about making the people whole that suffered because of your mistakes?


Wow. People are saying that? Links?
I could swear I've read about this bug more than a month ago. And I'm no insider "constantly reviewing how the system works".

We keep learning and improving.

Bytemaster just asked me to review a soon-to-be-published white paper with 17 major lessons learned since launch and what we are going to do about them.

BitShares is not a static design.  It is advancing all the time.  If there is something wrong or unfair with the way it works, we fix it as soon as we can.  Some would say we fix things too fast and should emphasize glacial stability over rapid evolution.  They want us to be more like Brontosaurus parvus than Homo Cryptoeconomus.

I presume those are our competitors.