That was why I thought a hostile company with loads of money would just grab a competitors name. But if the reality that if you win the initial auction then the name is yours perm, then whats to keep everyone from immediately jumping in as soon as this feature is released and just grabbing tons of names for purposes of squatting? Sure, its an auction then, but what about future companies that want the name? Wouldnt this still be squatting?
This is squatting at a *much larger opportunity cost* because you are not earning dividends on the DNS you trade away in exchange for those names or speculating on other names (which is a lot of DNS, you buy them at full price). Worst case company B who is "unworthy" of owning company.p2p (why are we questioning their ownership anyway? there is no way to avoid SOME kind of land rush...) bought it first but then don't do anything with it and won't sell it at a reasonable price then company A just buys something else. It's like those little old ladies who won't sell their houses in Manhattan. They won't make more off of it than the $75,000,000 they'd get for their lot, we can't really stop that. |
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From watching the video, companyB would have to create an auction for their domain in order for others to bid on it. If they wanted to keep their domain they would simply not auction it and have it indefinitely...
if companyB is the owner, but the system relies on companyB to put the domain up for auction, then people can squat just like in namecoin. What? Initially nobody owns it. An auction starts. Suppose company B wins. Now the don't have to sell it to company A no matter what. They don't have to start an auction. Now suppose instead company A wins the initial auction. Too bad, company A owns it. |
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looking fine - afaik all pts are mined in the middle of the year (correct me if I am wrong), what happens to pts after that?
1% inflation forever I think |
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So does that mean I can redeem Bitshares X now from my PTS coins?
Eventually, everything is still under development, it's all in the open though so you can check on progress |
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Thanks! I'll put it in the OP
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This looks like a very promising project, what's your best guesstimate eta in Q2? April, May or June?
The optimist in me says mid-May. I'm gonna avoid making any promises. |
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NameShares and .p2phttp://dotp2p.ioBitcoin Derivatives vs BitShares DerivativesBitcoins have no dividend or potential future dividend, therefore not like a stock. (They’re) more like a collectible or commodity. -Satoshi, Aug. 27, 2010 Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone. -Satoshi, June 21, 2010 Initial Distribution?Angelshare/Protoshare/Namecoin holdings at not-yet-decided snapshot date. Mining Algorithm?Go away! What's TAPOS?It’s hard to imagine the Internet getting segmented airtight. It would have to be a country deliberately and totally cutting itself off from the rest of the world.-Satoshi, July 8, 2010 When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes. At some point, it gets too expensive for them to buy any more. It’s great for the people who owned it beforehand because they get to sell it to the corner at crazy high prices. As the price keeps going up and up, some people keep holding out for yet higher prices and refuse to sell. The Hunt brothers famously bankrupted themselves trying to corner the silver market in 1979. - Satoshi, July 9, 2010 Timeframe?Q2 So will this be competing with Namecoin?Yes, in all the best ways. We won't interfere with .bit and hope both projects can learn from each other. We're not after any namespaces except for one TLD. Ask questions so I know what info to update with. |
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Check out BTS X, it's pretty much the only decentralized exchange idea I've heard that can actually operate on the same level of trustlessness as BTC itself. It uses a market peg to create assets whose value tracks real-world assets
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can one of you guys here explain what BTSXF exactly is, or BTSX? just curious about...
smells like scam
To learn about BTS X, go to invictus.io BTSXF is *technically* not a scam because invictus encourages people to make variations and let the market decide, but considering they haven't even launched the first test chain yet AND this guy is asking for money, you should treat it like a scam. |
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Everyone in this thread should at least read all the stuff on bitshares.org before they give this guy money
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What happens if you hold 400$ worth of anti-credit and the price falls to 1$? You would owe 400 bitcoins to close that anti-credit.
And on the flipside, I'm owed 400$ worth of bitcoins and I want to use my credit to purchase 400 bitcoins. Where do they come from?
And the problem exponentially increases as the price nears 0$.
BTW this feels like an options market, where obligations are paid with the equivalent USD amount in BTC.
Also an excellent question. If you hold an anti-credit position, there is a "floor" of how low the price can go before the system forces it to close. This would depending on how much of your own bitcoin reserves are backing the position. The person who has this option open would be able to adjust this limit depending on how much risk they're willing to tolerate. Remember that no one can just take a bitcoin loan for free, they're also guaranteeing that they'll pay back an appropriate amount of credit into the system (and hoping that the price goes up so it takes less bitcoin) If I have 1 bitcoin of my own, and I accept 1 of yours for $400 worth of anti-credit, the price can only fall to $200 at the lowest before my margin is up, and I am automatically forced to sell back both 2 BTC for $200 each. Any lower than this, and the bitcoin I hold in my option won't be enough to cover the credit I've promised. It's scary how similar this is to BTS X! Great minds think alike it seems. I would really urge you to check out BTS, I think you'll find there's good reason they're choosing to do a separate blockchain. Your "no fees" advantage is no advantage at all because you're still paying BTC tx fees, which due to POW mining will always be higher than what is possible with BTS X. |
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+5% myth?
Too many people couldn't understand how it wasn't a scam so they are delaying the 5% interest chain until later. The first chain will not have interest on BitAssets. |
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SCAM. Go read about the actual BitShares project (which this guy is pretending to be, feb 28th deadline and all) at invictus.io
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Sure. How do I confirm that the card has that amount and is unspendable by you after I get it?
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Thoughts?
First, please don't use units that don't exist or that don't mean what you think they mean. Energy is measured in Joule (J) or in watt-hour (1 W.h = 1 Joule per second * 1 hour = 1 J/s * 3600 s = 3600 J) Power is measured in Watt (W). 1 W = 1 J/s (joule per second) Sorry for the confusion, I'm just trying to keep it simple. Wh commonly refers to 1 Watt per hour which what most people understand because they pay for electrical power by the kWh. If I translated to Joules most people wouldn't understand. TWh is what is often being used in many sources of information, for example: http://yearbook.enerdata.net/#world-electricity-production-map-graph-and-data.htmlkWh = kilowatt-hour != kilowatt/per Just write out your units for everything all the way down to kg, meters, and seconds and you'll see |
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