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Bitshares is centralized communist garbage that doesn't even work!
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Bitshares is banned in Liberland. They don't allow Communists.
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Forwarded to Homeland Security for the "Most Wanted" posters. |
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OP have you heard about Bitshares?
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I remember the page you are talking about.
Lots of little circle shaped pictures.
I think that was lost when Invictus released BitShares to its owners.
Now there is no such central team and no Invictus web site.
Think of Invictus as just a development "contractor" that delivered its product to the world as open source and then ceased crypto operations.
So that web site has been taken down.
I'm not sure if a backup exists, but perhaps Google archives or some volunteer has it.
Oh ok. Thanks. It might be a good idea to have a page for your team, advisers, founders, etc.. at bitshares.org. That's entrapment. |
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What altcoins can you trust?
NXT |
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I saw a page online that showed all the founders and the team that created BitsharesX last year. That's what I'm looking for. I think the page even had Li Xiao Lai as co-founder or director...?
I remember the page you are talking about.
Lots of little circle shaped pictures.
I think that was lost when Invictus released BitShares to its owners.
Now there is no such central team and no Invictus web site.
Think of Invictus as just a development "contractor" that delivered its product to the world as open source and then ceased crypto operations.
So that web site has been taken down.
I'm not sure if a backup exists, but perhaps Google archives or some volunteer has it.
Can't leave any evidence. |
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How many "lessons" is it going to take until all your users become broke from your misconstrued "theories"?
As many as needed to bring users innovative and stable product. I don't think most people who purchase "bitAssets" think "Safer than a Swiss Bank Account" means "Bankroll my 'theories' until I come up with a 'stable product'". In my opinion, this seems like a long con perpetrated on individuals who don't understand that you can never have parity without full convertibility. The only way you can have "full convertibility" is by having every single "bitAsset" backed 100% by the corresponding physical asset. No amount of "on/off ramps" will provide this. Don't worry - time will show. I am worried that people who don't fully understand what is going on have lost money and are going to continue to lose more money on Stan's, Dan's and the Bitshares gang's "theories". |
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How many "lessons" is it going to take until all your users become broke from your misconstrued "theories"?
As many as needed to bring users innovative and stable product. I don't think most people who purchase "bitAssets" think "Safer than a Swiss Bank Account" means "Bankroll my 'theories' until I come up with a 'stable product'". In my opinion, this seems like a long con perpetrated on individuals who don't understand that you can never have parity without full convertibility. The only way you can have "full convertibility" is by having every single "bitAsset" backed 100% by the corresponding physical asset. No amount of "on/off ramps" will provide this. |
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As we've said many times and in all full disclosures, BitShares is still being refined with lessons learned continuing to be applied. It gets stronger with every release. All discussions about theory of operation are about what we are building and how it works in production when the market depths reach full liquidity. Even so, it has been remarkably resilient during this thin bear market. Very gratifying to see. That said, even now BitShares is immune from more abuses (and in that sense safer) than a Swiss bank - which was the whole point of the slogan.  Oh... I thought it was "Safer than a Swiss Bank Account" in regards to Bitshares' (TM) "products" (BTS derivatives contracts) holding their peg to their physical counterparts. Certainly, most users would take that statement to mean that their money will be worth the same amount tomorrow as it is today. Maybe it's me, but in my opinion, it seems a little disingenuous to claim Bitshares' (TM) slogan, "Safer than a Swiss Bank Account", applies only to counterparty risk and not systematic risk, which is obviously the greater risk in your experiment that you are conducting with other peoples' money. How many "lessons" is it going to take until all your users become broke from your misconstrued "theories"? |
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Anything to add about the market failure of these illiquid assets you claim you can move between? Seems 1 bitUSD is still $1.18, from the data published in the link above.
At the moment is is going for $1.11 because of the bear market. We have recognized the problems with the current system and have a major update that will fix the liquidity issue. All I hear is excuses. What happened to this being "Safer than a Swiss Bank Account"? $1.11 per BitUSD show this, 1 BitUSD cost more than 1 USD because market think that BitUSD "Safer than a Swiss Bank USD". "Safer than a Swiss Bank Account" leads people to believe that BitUSD will always be on par with USD. It should not be more or less than one USD. What about those individuals who have lost money shorting BitUSD because they were led to believe BitUSD would maintain USD parity? |
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what Bitshares released it does work and make sense.
Not really. |
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I like being able to go back and forth between a wide variety of assets as they cycle against each other in the market.
I can switch between BTS, BTC, Gold, Silver, CNY, EUR, and USD for about a penny in ten seconds as often as I like.
No, you can't. You can switch between BTS derivatives contracts which are supposed to track certain assets, but don't because there is no convertibility. Also, during the time you have your assets sitting on an exchange you are exposed to counter party risk of getting hacked or betrayed or seized. While in BitShares, only you hold your own private keys while you can lock your price to any mix of outside assets. This gives you price stability you can't get with first generation crypto currencies.
Make sure you keep telling everyone that they're protected from counterparty risk to distract them from realizing that the systematic risk of holding your derivatives contracts is an even riskier proposition. Price Stability? You're joking right? Why would I want to purchase a faux USD BTS derivatives contract for more than a real, tangible USD? Anything to add about the market failure of these illiquid assets you claim you can move between? Seems 1 bitUSD is still $1.18, from the data published in the link above.
At the moment is is going for $1.11 because of the bear market. We have recognized the problems with the current system and have a major update that will fix the liquidity issue. All I hear is excuses. What happened to this being "Safer than a Swiss Bank Account"? |
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The answer is in your title.
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First coin is Dogecoindark.  I loled. |
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"It's safer than a Swiss Bank Account!"
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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.
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.  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. 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
I thought I was the only one. The BitShares software constantly crashes on my computers. It's super alpha-stage software. I thought they should have it fixed by now. It was just too much to keep up with. There were times where they would release updates and forks daily and if I wasn't sitting at home watching the forums every second, my delegate would start to miss blocks because of a hard fork. It was frustrating and I didn't want my delegates to have a shitty reliability number so I asked to be voted out. The windows version has worked for me about 80% of the time! though I never tried to compile any version from scratch. 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. |
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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.
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. |
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why?
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