Bah... every time that newmine sells low and buys high, we are forced to endure his nonsense.  Bytemaster and friends have you right where they want you. I find it funny that the only justification you can come up with is that I am somehow trading based on my comments. I have never sold. I still have my Bitshares. Enough or small enough to where I won't cry over my loss. I have always thought bitUSD and the original vision was grand. The constant pivoting and money grabs make it hard to believe in anything these guys say. Licensing Bitshares code so they can profit was the kicker. You own BTS I assume? I do? BM does? We all own Bitshares and deserve a piece of the license. We all paid for it. They used your funds, my funds to write the code for Graphene or whatever. It was done on our dime and we never got what they promised for the get go. Just lies and stalling. It's kind of like if Ford came to you and said "we need to build a factory with a revolutionary thing called an assembly line and you will be a partial owner of it, will you fund us?" -you say, "hell yes, here's is a couple million" -Ford says "cool it will be ready in a couple months. Then profit time for everyone !" Couple months go by -you say, "hey what's going on" -they say, "we came up with a cooler idea and had to redesign" -you say, "ok, when will it be done" -they say, " a couple months" A couple months go by -they say, "we have the assembly line built, but it only has the ability to build 1/4 of a automobile" -you say, " awesome. How long till it's fully completed?" -they say, "a couple months, and we are coordinating a massive ad campaign to go along." -you say, "sweet, can't wait" A couple months go by, the assembly line is running better but still only builds 1/3 of an automobile -they say "hey we are out of funds and need more money to finish. We have this great idea that we can pay ourselves in bits and pieces of what the assembly line produces to fund ourselves till the end of time. Otherwise we will go work for GM" -you say, "just get us a completed assembly line and it's cool." -they say, "no problem. We got this." Assembly line then starts to stall because certain sections were installed backwards. -you say, "hey, we walked through the plant and you have a problem that needs fixed" -they say "we know. We are working on it" A couple months go by -you say, "Why hasn't the problem been fixed? We are losing money because of this. -they say, "we are working on it, we know there is a problem" -then they say, "guess what? We built a better assembly line that we will lease to you for free. But if you want upgrades, or fixes, you will have to pay us because we own the assembly line. Oh, and we reserve the right to help other people create assembly lines exactly like yours. AND, we will make people pay that want to partner up or streamline your assembly line in ways we cannot." -You(Chryspano) said, "Where do I sign up, I'm on my knees waiting with my mouth open." -I say, "WTF?" ...this was actually hilarious. Bravo Newmine . But I don't really see the problem with the whole licensing thing. I see it as a smart way for the devs to actually make money working for BitShares as opposed to them just receiving more and more BTS to sell and push the price down with. The licensing gives them an economic incentive to work their asses off for BTS and receive a decent wage while doing it. And BTS holders are getting a cut of it all. By holding BTS. The dev incentives, referral system, etc will work together synergistically to create an unstoppable behemoth of a blockchain, to the benefit of BTS. Bytemaster has already said that their vision relies entirely on the success of BTS. And more announcements about how exactly this vision will be achieved are in the pipeline for the rest of the summer. After all they've developed and stated so far, I'm inclined to believe they know what they're doing. Them getting millions of BTS each from AGS and then a constant stream of BTS through dilution was incentive enough. Just think if the market cap went to litecoin market cap. Their BTS dilution pay alone would have been $25K for 6 months of part time work. Only god knows how much their holdings from AGS would be worth. Holding BTS seems to be enough incentive for you to do what you do. Or are you one of the guys behind the Chinese marketing delegates? |
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Bah... every time that newmine sells low and buys high, we are forced to endure his nonsense. Bytemaster and friends have you right where they want you. I find it funny that the only justification you can come up with is that I am somehow trading based on my comments. I have never sold. I still have my Bitshares. Enough or small enough to where I won't cry over my loss. I have always thought bitUSD and the original vision was grand. The constant pivoting and money grabs make it hard to believe in anything these guys say. Licensing Bitshares code so they can profit was the kicker. You own BTS I assume? I do? BM does? We all own Bitshares and deserve a piece of the license. We all paid for it. They used your funds, my funds to write the code for Graphene or whatever. It was done on our dime and we never got what they promised for the get go. Just lies and stalling. It's kind of like if Ford came to you and said "we need to build a factory with a revolutionary thing called an assembly line and you will be a partial owner of it, will you fund us?" -you say, "hell yes, here's is a couple million" -Ford says "cool it will be ready in a couple months. Then profit time for everyone !" Couple months go by -you say, "hey what's going on" -they say, "we came up with a cooler idea and had to redesign" -you say, "ok, when will it be done" -they say, " a couple months" A couple months go by -they say, "we have the assembly line built, but it only has the ability to build 1/4 of a automobile" -you say, " awesome. How long till it's fully completed?" -they say, "a couple months, and we are coordinating a massive ad campaign to go along." -you say, "sweet, can't wait" A couple months go by, the assembly line is running better but still only builds 1/3 of an automobile -they say "hey we are out of funds and need more money to finish. We have this great idea that we can pay ourselves in bits and pieces of what the assembly line produces to fund ourselves till the end of time. Otherwise we will go work for GM" -you say, "just get us a completed assembly line and it's cool." -they say, "no problem. We got this." Assembly line then starts to stall because certain sections were installed backwards. -you say, "hey, we walked through the plant and you have a problem that needs fixed" -they say "we know. We are working on it" A couple months go by -you say, "Why hasn't the problem been fixed? We are losing money because of this. -they say, "we are working on it, we know there is a problem" -then they say, "guess what? We built a better assembly line that we will lease to you for free. But if you want upgrades, or fixes, you will have to pay us because we own the assembly line. Oh, and we reserve the right to help other people create assembly lines exactly like yours. AND, we will make people pay that want to partner up or streamline your assembly line in ways we cannot." -You(Chryspano) said, "Where do I sign up, I'm on my knees waiting with my mouth open." -I say, "WTF?" |
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Nobody is suing Bitshares.
Yet. Why hire lawyers if you didn't think that there was at least a chance that you might someday get sued? Maybe they just hate money and love lawyers? maybe not In what mental gymnastics routine did you end up with that conclusion?
Was that logic too much of a stretch for ya Jenner?  Mrs. BitcoinJesus2.0, what you've just said is one of the most insanely idiotic things I've ever heard. At no point in your rambling, incoherent response was there anything that could even be considered a rational thought. Everyone in this forum is now dumber for having read it. I award you no points, and may God have mercy on your soul!
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A team of lawyers and accountants guides our every step.  Ha. You have nothing to worry about I suppose. Absolutely not. The first profitable publicly controlled blockchain is about to be launched and cannot be modified or controlled by Gavin, Satoshi, the Larimers, or any human that the shareholders do not explicitly approve of. Welcome to blockchain2.O BitShare holders don't care who gets sued. BitShare owners contract many devs worldwide to develop their coin. You can't sue them all. You can't sue bitcoin You can't sue BitShares and you can't sue honey badgers Can you track any conversion? Nobody is suing Bitshares. In what mental gymnastics routine did you end up with that conclusion? |
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A team of lawyers and accountants guides our every step. Ha. You have nothing to worry about I suppose. |
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I can't say if you will lose money from a switchover. But I can tell you, you will lose in the end. Bitshares Dev are trying to make Bitshares code proprietary and will sell the code and help the highest bidder in the future. If Bitshares needs an upgrade or a bug worked out, guess what? Bitshares will have to pay Cryptonomex (formerly known as Invictus Innovations) money to maintain and fix the network. They have repeatedly said they don't do things for free.
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Actually I haven't bought any BitShares in a long time. Unless you count trading NOTE aka bitshares music for BTS. Bitshares paired up with ccedk.com is a fucking joke. That exchange does around $10k in peercoin trades and all you fools are acting like Stan made a deal with Coinbase. Right now I am going through Blue Sky Laws and the Uniform Securities Acts to see if there should be a complaint filed about their (Cryptonomex) arms reach funding by bitshares and bts Holders without properly registering, which clearly made the formation of Cryptonomex and What they are claiming as IP possible. |
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5600 BTC collected. 5600 *todays relatively low BTC price= a lot of money.
415,000 PTS collected. They say they gave it back, but only after they diluted the BTS supply to sharedrop more BTS to themselves, thus making PTS near worthless. Thanks for giving back the empty wrapper to the candy everyone funded you with. 415K*BTS/PTS =~60 million BTS
Each Developer, the people who were paid with AGS Funds and the share dropped drain on BTS have collected near 1,000,000 BTS over the last 6 months.
Now they are trying to drag down the current BTS system by licensing everything the people paid them to work on and are retaining the right to sell the system to competitors.
Oh and they will sell upgrades and add ons to Bitshares at a cost of course.
Do the math. BitShares 1.0 and 2.0, (and BitShares Music and BitShares PLAY) were developed at far below market rates and at zero negative profit. There is no Bitshares 1.0 or 2.0. You guys are so full of shit it unbelievable that people still stand with you. You said Bitshares 1.0 would be released last November, if I remember correctly. Instead you decided to form a new company and license something that should not be licensed. You are no different than BitGo trying to patent Multisig. |
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5600 BTC collected. 5600 *todays relatively low BTC price= a lot of money.
415,000 PTS collected. They say they gave it back, but only after they diluted the BTS supply to sharedrop more BTS to themselves, thus making PTS near worthless. Thanks for giving back the empty wrapper to the candy everyone funded you with. 415K*BTS/PTS =~60 million BTS
Each Developer, the people who were paid with AGS Funds and the share dropped drain on BTS have collected near 1,000,000 BTS over the last 6 months.
Now they are trying to drag down the current BTS system by licensing everything the people paid them to work on and are retaining the right to sell the system to competitors.
Oh and they will sell upgrades and add ons to Bitshares at a cost of course.
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The previous thread is self moderated. Speak freely here.
Bitshares used AGS donations and BTS dilution to create a for profit centralized company that will own all the rights to the Bitshares code. Be careful with these guys. They are creating a centralized power to control all elements of the blockchain. Kind of like Ripple.
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Most of the folks on bitsharestalk know NewMine well and weren't buying what he was pushing so he threatened to come over here and make a stink. I see he did his best! Anyhow here's the facts that got us to the ability to deploy BitShares 2.0 this summer:
1. Invictus ran out of donated BTC at the end of last year. All PTS was returned on advice of our accountants. 2. During recent months 100% delegates have earned about 4277 BTS * $0.006 = $25 per day. (BitShares paid for 1/2 hour every day) (Enough for them to answer a few questions or fix a simple bug every day or so.) 3. By dipping into our BTS reserves set aside for legal, accounting, and government contingencies, I3 was able to provide a small stipend for some of them amounting to about 3 paid hours per day. To meet the rest of their living expenses, they were forced to live off their savings from last year. 4. This left them somewhere around 8 unpaid hours a day as independent agents. With this time, the team continued to provide essential updates for BitShares and worked on Graphene with the hope of producing something of value that could be used to recover all their sacrificed pay. This was a huge gamble. It would have been smarter to take a job at Google, use their new salaries to buy up cheap BTS. Instead they stuck with it. Net cash flow during all this time was from the developers to BitShares, not the other way around.5. When it became clear that Graphene would be a success, the team decided to build a new company to monetize it and recover their painful losses. 6. ALL of the current stakeholders in Cryptonomex are members of the global BitShares community who invested their own time and/or money to make Graphene possible. 7. It is CNX intention to use the results of these risky investments to raise additional capital and capture new revenue streams. To do that, we need to have a company that owns something that merits such investment. That's why we have the license structure you see. Failure to assert those IP rights would mean that BitShares would need to find developers able to take Graphene the rest of the way for $25/day. We were, alas, not able to find anybody willing to continue doing that. 8. For the foreseeable future we expect to continue using such outside investments to grow the BitShares ecosystem in a way that incentivizes investment in CNX. Please observe the complete series of announcements we make this summer before you judge our commitment to BitShares success. The next one is tomorrow. I threatened to come over here after you locked and moved the thread I started over at Bitshares talk: https://bitsharestalk.org/index.php/topic,16902.msg216113.html#msg216113It's funny because all you guys complain when I post stuff over here and that I should keep it in house and express my concerns at your forum first. Well, since you want to moderate my seemingly quite acceptable questions, you forced me to come over here. I even asked you to unlock my thread and the other guys thread you locked. But nope. And here we are. And I am more motivated than ever to point out your scam. |
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Sounds pretty nifty, is there any technical documentation on how its facilitated?
It's proprietary and a secret. The BitShares guys used BTS holders funds to create their secret centralized for profit company that is going to license all the Bitshares code. Stay away from this scam. Every six months these guys are asking for money from their Koolaid drinkers. |
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In the beginning they asked for money: "[Preorder] Keyhotee founder ID" https://bitcointalk.org/index.php?topic=322291.msg3451627#msg3451627and you bought it. Then they asked for more: "BitShares AGS and Bitshares X allocation" https://bitsharestalk.org/index.php?topic=1631.0/?r=payrolland you bought it. Then they asked for more BTS to cash out on and "live on", see #6: https://bitsharestalk.org/index.php/topic,10148.0.html/?r=payrolland you bought it in the form of "delegate pay' which dilutes current share holders. None of that was enough, now the are seeking to retain licensing for the BitShares Toolkit the Dev team has re-named Graphene. Graphene will be owned by the recently formed company, Cryptonomex. Cryptonomex's President is Stan Larimer (Bytemasters Dad) and was founded in secret by the Bitshares Dev team after they killed off Invictus Inovations Inc. over the past few months. "Cryptonomex, Inc retains all rights to the Graphene Toolkit and any derivatives thereof for any other use. The BitShares blockchain is defined as exactly one global ledger. There are many other possibilities for the new SmartChain technology, since this toolkit will be able to be licensed to any party willing to pay the fee to create a new business or app, and run their business to this new type of crypto-technology."-from their self made PR announcement on yahoo! https://bitsharestalk.org/index.php/topic,16953.0.html/?r=payrollBTS holders have been waiting for 11 months for a stable platform/ a 1.0 version of the client that is yet to come. Bytemaster claims no funds from Invictus were used to create the Graphene toolkit: BitShares 2.0, Graphene & Cryptonomex After much discussion with those in the BitShares community over the licensing terms of Graphene and BitShares 2.0, Cryptonomex has decided to take the following actions: - All code as of June 1, 2015 will be released under the CC0 1.0 Universal license (https://creativecommons.org/publicdomain/zero/1.0/legalcode)
- All future work performed by Cryptonomex will be a derivative owned by Cryptonomex, Inc and will be licensed for use with BitShares under the BSD 3 clause license (http://opensource.org/licenses/BSD-3-Clause) where BitShares shall refer to a single logical blockchain regardless of how many side-chains it may add in the future. Rights to use the work for any other blockchain are reserved to Cryptonomex, Inc.
- All future additions to BitShares will be licensed by their respective authors according to the terms laid out in their individual worker proposals.
Cryptonomex will continue to propose upgrades to BitShares to be funded with stakeholder approval. In all such proposals Cryptonomex will retain the copyright on the work and license it for use with the BitShares blockchain under the BSD license. All other uses for such future work will be reserved to Cryptonomex. Cryptonomex has not accepted any funding from the Angel Shares donations made to Invictus.Cryptonomex is committed to the long-term success of BitShares and will depend upon the BitShares community as much as the BitShares community depends upon us. So they did this for free, which they refuse to do anything for free for BitShares? Or did they re-name the BitShares Toolkit they abandoned in the "Merger" to Graphene and are now attempting to license it and sell competing blockchains to the highest bidder? More to come, I am sure. |
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He hasn't been banned because he probably donates to theymos. Bit talks and shit stays I guess.
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It's nice to know that the Bitshares assets have almost double the trading volume of Nxt and many times that of Counterparty and Maidsafe and many more alts. There was days that bitUSD alone had more than 700K trading volume but that was on days that we had great bitcoin volatility.
I can't understand why some people think that bitasset trading volume should not be included in the total, when I trade BTS for bitUSD its like trading BTS to USD it's only better, I have total control of my bitUSD and I don't rely on a centralized exchange to steal my money intentionally or unintentionally.
btw people that trade BTS<==>bitUSD would be forced to trade BTS<==>mtgoxUSD and bterUSD if they had not the bitUSD option.
I thought the point was to move away from centralized exchanges...
Dude, if I spend $250 for a MSFT delta .50 ATM call option contract, that $250 nor does the 100 shares involved in the contract are reflected in the underlying Volume. It is counted as a separate volume. bitUSD is a derivative of BTS, you need BTS to create it and then to buy it. It doesn't represent a flow of money in or out of the BTS system. |
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BitShares volume is being calculated by adding all the Bitshares assets trading volume, like bitUSD, bitGold, bit silver, bitBTC and bitCNY. Just an observation. So today the BTC and fiat volume was $40K less than what coinmarketcap is broadcasting.
I'm not sure if that is the case, but: If each market pegged BitAsset (BitUSD, BitCNY, BitEUR, BitGOLD, BitSILVER, BitBTC) locks 300% of bitshares value as collateral (at the moment of creation), isn't if fair to consider locked bitshares when talking about BitAssets? If the shares are locked in collateral then maybe they should be exclude from the market cap itself, but the assets they are used to create should have nothing to do with BTS volume calculations. |
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Seriously, what the hell newmine? You can clearly see the largest volumes coming from BTC38 and Yunbi (read: external exchanges) at coinmarketcap.com.
Why do you spend so much time at the BTS forums if you clearly hate the project and actively look for ways to spread lies/misinformation/stupidity?
Some of your criticism has merit, but this is blatant bullshit.
http://coinmarketcap.com/currencies/bitshares-x/?markets=all#marketsDo the math mother fucker. Add it up and tell me how I am lying. You guys are such idiots. "Blatant bullshit", "lies about coins", "not sure it's the case", god, you guys are some of the dumbest people on here. Even TestZ provided the link. You couldn't even click it and see because your heads are so far up your ass. Math time mother fucker: 1 BTC38 BTS/CNY $ 48,692 $ 0.009612 46.19 % Recently 2 Yunbi BTS/CNY $ 15,711 $ 0.009628 14.90 % Recently 3 BitShares Asset Exchange BITUSD/BTS $ 15,195 $ 0.009574 14.41 % Recently 4 BitShares Asset Exchange BITCNY/BTS $ 12,157 $ 0.009574 11.53 % Recently 5 BTC38 BTS/BTC $ 4,643 $ 0.009655 4.40 % Recently 6 Poloniex BTS/BTC $ 3,741 $ 0.009467 3.55 % Recently 7 Metaexchange BTS/BTC $ 2,414 $ 0.009228 2.29 % Recently 8 BitShares Asset Exchange BITBTC/BTS $ 1,841 $ 0.009574 1.75 % Recently 9 Bittrex BTS/BTC $ 825 $ 0.009532 0.78 % Recently 10 BitShares Asset Exchange BITGOLD/BTS $ 300 $ 0.009574 0.28 % Recently 11 BitShares Asset Exchange BITSILVER/BTS $ 94 $ 0.009574 0.09 % Recently 12 CCEDK BTS/BTC $ 0 $ 0 0.00 % Recently BitShares Asset Exchange total volume: $29,587. External exchange total volume: $76,026. Percent of total volume generated by BTS asset exchange = 28.0%. Percent of total volume generated externally (read: not artificial) = 72.0%. I fail to see how BTS Asset Exchange volume is "artificial" to begin with, but even with your dumb-as-fuck logic the BTS exchange volume only accounts for 28% of the total. So yes, you are spreading lies/misinformation/stupidity. And yes, you are a dumb ass. Just an observation. Good job. Now take the bitAssets dollar value, ~$29K and delete that. It would be like options/derivatives volumes being added to the underlying stock volume itself. You can keep track if them individually, but adding them all together is nonsense. Trading BTS for BTS is not an exchange for anything. BitUSD is just another form/derivative of BTS. |
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Seriously, what the hell newmine? You can clearly see the largest volumes coming from BTC38 and Yunbi (read: external exchanges) at coinmarketcap.com.
Why do you spend so much time at the BTS forums if you clearly hate the project and actively look for ways to spread lies/misinformation/stupidity?
Some of your criticism has merit, but this is blatant bullshit.
http://coinmarketcap.com/currencies/bitshares-x/?markets=all#marketsDo the math mother fucker. Add it up and tell me how I am lying. You guys are such idiots. "Blatant bullshit", "lies about coins", "not sure it's the case", god, you guys are some of the dumbest people on here. Even TestZ provided the link. You couldn't even click it and see because your heads are so far up your ass. |
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BitShares volume is being calculated by adding all the Bitshares assets trading volume, like bitUSD, bitGold, bit silver, bitBTC and bitCNY. Just an observation. So today the BTC and fiat volume was $40K less than what coinmarketcap is broadcasting.
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"what you have just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul." |
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