So is the 2x BTSX that you need to borrow bitUSD based on the USD price of BTSX or the units?

If BTSX is trading at $.50 each, then I need 4 BTSX to borrow 1 bitUSD?

So, the whole bitshares concept could have been done on the NXT blockchain using NXT as the store of value and creating a bitUSD asset. (I assume they didn't cause the devs could create BTSX's for free.)

I wonder too, how close this is to the NXT monetary system. It sounds very similar to me.

I mostly got it. Thanks for spending the time to explain it. I think I did get enough to know I'm gonna lean on buying BTCD over InstantDEX, I think.

I didn't say BTC didn't have a "value". Just not an intrinsic value.

If you asked my what intrinsic value the USD has, I would probably say, nothing is well. It only has a value because people accept that value. At least Gold has,

1. Scarcity
2. PoW - it takes real time and production to mine gold
3. Intrinsic value, it can be used for things other than as a Fiat Currency. ie, gold is used in manufacturing, etc.

Fiat has 1.

Crypto Coins have 1 and 2.

Gold, silver, diamonds, etc have 1, 2 and 3.

Nothing?

My only problem with the article and the comparison is that a house, real estate, has intrinsic value.

What gives a BitShare intrinsic value that makes it valuable collateral for creating bitUSD from?

That old saw? Can't the same be said about BTC? NXT is much more distributed now than what it was forever ago. Although, BTC isn't.

Judge individuals, not groups.

Where is the fractional lending? Perhaps I am missing it?

You can borrow bitUSD against XTS (BTSX?). You can only borrow up to 50% of your collateral (XTS) and if the value of the collateral drops the loan (short) is covered.

So, one guy starts a bunch of threads with noob accounts posting the same things. I took this as market hype. It is pretty obvious you aren't renting a single piece of hardware. Heck, if you know what "cloud" even means you know that is just a metaphor the same way the internet is a series of tubes is a metaphor.

Hey, hashlets looks cool. I gave it a shot, and it should break even in 90 days. It's they run or it collapses I will just dispute the charge with my CC company.

Serious, doing a seek in an indexed table that already has 1 billion hashes is going to be magnitudes faster than creating 1 billion hashes. As a matter of fact, I have already looked for that hash in several rainbow tables, it it only took 20 seconds or so.

I am a developer and do understand how NXT works, even though I haven't looked at its implementation code but mostly at the API.

I can reuse the NRS and MGW Lite UI, so it would be a matter of creating a Proxy that has the same API as the NRS and pass them onto a service API to get the information and perform the functions needed.
 

I disagree. NXT already uses a brain wallet concept. You could think of that as the seed if you want.

So, My NXT Lite wallet could take two approaches, I could decide or leave it up to the user:

1. The user remembers his passphrase/seed and nothing is stored for him. Since this is a "light wallet" it will remember your ID(s) and can display your balances/assets etc by only knowing your ID. You could even "add" an address without every giving the wallet the password/seed.

2. It could work like a bitcoin wallet. Where it creates a wallet.dat file to store your passphrases and encrypt that wallet file using a password/pin your provide. Either the wallet can generate a password/key for you or you can provide (import) an existing wallet.

Nothing complicated about it. It looks/feels the same to the end user as the current Electrum if that is what people wanted. The software could even be deterministic, it could generate a seed, and then use that seed to generate additional accounts if you wanted more than one. So, you could recover a whole bunch of IDs with a single seed.

I think it would count for both wouldn't it? How would you list an LTC/NXT pair?

Basically, the mgw is just a Coin paired with NXT. So mgwBTC/NXT you are buying BTC with NXT or selling BTC for NXT. Is this BTC or NXT volume? Isn't it both?

I have been considering writing a lightweight client so I don't have to d/l the blockchain on work PC. Any bounties available you thing?

But, how would this be different than the current web wallets out there? Granted, neither of them supports the AE, mgw, or DGS.

So, will InstantDEX asset or BTCD holders make a better dividend per unit? (considering InstantDEX is 1/2 price per share as BTCD coin at this time).

I assume to get dividends for holding BTCD, you have to hold them in your wallet. Or will you be paying dividends to mgwBTCD hodlers?

(most deposit more into mgwBTC so I can but more mgwBTC and InstantDEX)

And someone sold them to you at that price. I was shocked when I looked at AE and saw the transaction.

EDIT: Saw that the mistaken price overage was returned. Good on you man. I love to see examples of the honesty in the crytpo world. I know the bulk of us are honest, but it doesn't look that way when you hear about all the scams.

Cool, will be downloading some rainbow tables this weekend to see if any of them contain the hash.

I think he is asking if you will be setting up a multi-pool.

THe short answer is yes. The long answer is, I don't know which asset is the correct one. James has a large list of interlocking and over lapping assets, some pay dividends, and some just hold other assets. I think if you hold the mgw asset you will possilby get dividend and maybe the price will go up. But, read the asset descriptions carefully.

any plans to publish the wallet as a node package?