Thanks for the update. It is a good project. It would be a shame to see it lose momentum with all the work you've put into it. Maybe a system status notice would be good so users know what is happening.

I didn't see it as an issue, but there has been a very negative reaction to Ripple due to premining (though in this case it was 100% premined). The advantage of not premining is there is more interest in it when it launches. An advantage of premining is it is a way to incentivize as mentioned.

My personal preference would be no premine since I'm not a programmer but am very familiar with hardware and building systems. If there is premine, it would be important that it be disclosed as to the amount so those who can't can plan accordingly and decide whether or not it is worth participating. Lack of communication and secretiveness seems to often lead to suspicion and loss of interest in a project, whether justified or not.

Worked a couple of days, now back to just loading and spinning in game room page. Too bad, I enjoyed playing it and had some bitcoin in the account to start wagering, but after a couple of days of site hanging, probably won't bother to check back much. Also withdrew coin in case server goes offline entirely. Tried both Firefox (preferred) and Internet Explorer - same results, hangs waiting for game rooms to display.

Again, thought I'd ask again since the question probably got lost in all the technical discussion. Thanks.

Powerline ethernet adapters work well across one phase in a building, has problems hopping from one phase to the other in 110/220 wiring or across transformers. The coils in a transformer act like RF chokes, blocking high frequencies. It might work in an apartment or condo building with a wireless hop to a rooftop gateway.

Guess you have to go to the Facebook page to see the amount of the giveaway.

I see in your sig your a machinist. Do you do CNC/have a mill? I do 3D CAD.

Facebook has been compromised by the NSA to spy on its users. Also, they track user IP addresses across the internet through the FB plugins installed on many sites.

BTW, how much Bitcoin is being given away per prize - .1, .01, .0000001?

OK, can you at least say whether or not the planned return on investment involves mining. If it is from just selling mobile apps or other interfaces and services, it doesn't affect my plans, but if it involves deploying preconfigured and optimized mass CPU power to mine at the very start then it would have a large impact.

Thought I'd ask again since I think the questions got lost in all the economics discussion. This has a large impact on my mining approach and timing.

Per Adam Smith's Real Bills Doctrine, there wasn't really inflation during the 1800s. The private bank notes were backed by gold and bills of exchange held by the issuing banks. The bills were 90 day notes representing goods in production. The amount of bills in circulation reflected the level of economic activity. Thus, money supply could expand and contract to match the level of economic activity. The British Empire also thrived and expanded under this system.

Right - Keynes advocated trying to level out the boom-bust cycle with government spending financed by government debt to stimulate the economy by reducing unemployment. Herbert Hoover tried and failed with this at the beginning of the Depression with a slew of public works projects(think Hoover Dam). People think FDR started this with WPA and New Deal, but it actually started much sooner under Hoover, ending with a mass panic and bank run.

My understanding is even Armstrong points out that attempts to counter business cycles with manipulation of the economy is futile and just exacerbates the problem. The panics prior to the Great Depression were much less severe and only lasted a few years when allowed to resolve on their own.

The 'mainstream economics' I've seen is just some combination of Keynesian and Monetarist drivel. Since money supply is backed by government debt, they are really just two sides of the same silver plated copper coin. Intelligent life is hard to find in academic economic departments, and the results of their handiwork is plain for all to see in the current global economic crises, with no end in sight. History has shown repeatedly where things are headed, though this time it will be on a global scale. Please don't contaminate a promising project like Bitshares with mainstream economic theory and its history of failure.

I have heard, though, that there are actually Austrian economists at UC San Jose, and Santa Clara University also has some good professors in the field. Harvard is the bottom of the swamp, mouthpieces for the elites.

Do you have a planned date when mining will start? I thought it also was this fall, maybe I misread something.

Also, will the mining code be available to test mining prior to the actual start?

Finally, how do the current investors plan on earning a return on their investment in Bitshares?

I've been reading the Armstrong site, quite interested. Has he published and open sourced his math analysis and algorithms for peer review? My current favorites are Nassim Taleb, Benoit Mandelbrot, and Edgar Peters.

Thank you very much for posting this. I've been looking for a Trade Bot, figure I can work out the trading algorithm, needed a jump start on the API stuff, etc.

Is game server down?  I haven't seen any game rooms since last night, site was down for a while nut came back up, now my account and balance show, but game room just keeps "loading"

Very cool. Research paper is at http://homes.cs.washington.edu/~gshyam/Papers/amb.pdf .

A fractal antenna, http://en.wikipedia.org/wiki/Fractal_antenna , may give it a wide band and increase the power harvest.

From Armstrong, http://armstrongeconomics.com/2013/08/18/money-had-never-been-tangible-period-if-you-do-not-understand-what-money-is-you-will-lose-your-shirt-more/


This presents a very false impression since he only picks a limited time span to make his assertion when the Dow was bubbling up. He should track the Dow to gold ratio over the total time the dollar, DJIA, and gold have been around. http://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart shows this info.

I agree that it would be much better to invest in income producing and appreciating assets, but the current climate makes that far too risky, for reasons that Armstrong makes very clear. Also, the only types of securities I would invest in, bearer shares and gold bearer bonds, are not currently available. I do not trust any asset where some one else can come along and say I don't own it any more. Hence my interest in Bitshares and other systems which eliminate the need for accounts.

I say exactly this - they indeed are worth less when the price of gold goes up, soon to be worthless. The dollar is worth 1/70 of what it was in 1933, and 1/40th of what it was worth in 1970.

Increased productivity has lessened the loss in dollar purchasing power in some areas like food, and even increased it in electronics, but overall it has been an exponentially increasing decline in value.

This discussion touches upon a couple of lesser known economic theories.

Antal Fekete, http://www.professorfekete.com/ ,  has some very good theory on hoarding and dishoarding of gold as a driver of interest rates which is determined in a decentralized manner by the public. If interest rates are too low, people will tend to hoard the physical metal since the risk of default by borrowers is too high for the rate of return. Interest rates will need to increase to lure investors to reinvest (dishoard) the gold into bank accounts, bonds, and other assets. If interest rates are too high, a surplus of gold will be dishoarded, eventually driving interest rates back down.

The domain squatting issue and idea of auctioning them touches on theories of Henry George, http://en.wikipedia.org/wiki/Henry_George . He advocated a land value tax to capture some or all of the value from appreciation. This discourages speculation by holding but not improving land, so it is only economical to hold land if the owner is developing it and producing an income from it.

Since participation in Bitshares is purely voluntary, it is by definition not socialism. It may be more akin to an intentional community where members have agreed to pay Georgist rents to the association which are redistributed to members according to some mutually agreed upon formula.