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Author Topic: Communist Bitshares Wealth Redistribution IS THEFT!  (Read 28062 times)
Djentriser
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April 15, 2015, 11:34:49 AM
 #381

Buddhist culture - communism exists succsefully for 2500 years. Its only system without bubbles and crashes. All capitalistic societies always ended up in chaos and run by despotic - "god chosen" oligarchs.  Cry

USA is going down. Buddhist will exist another 2500 years no problem. Also China - socialists are doing much better than capitalistic societies, and their economy is centralized, they make 5 years plans. Just because people who ruled in ZSSR were stupid and made mistakes and bad decision, doesnt mean such society is impossible. On the contrary with rise of technology and software, it is much probabile that future societies when everything will be run by math and smart computers wil be more similar to communist ideals than to social darwinism.

P.S. When ZSSR went bankrupt, their public debt was 0. If USA - most capitalistic country in the world should have debt of zero, it would be history. Kiss

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April 15, 2015, 01:42:16 PM
 #382

P.S. When ZSSR went bankrupt, their public debt was 0. If USA - most capitalistic country in the world should have debt of zero, it would be history. Kiss

USA is not a capitalistic country as it once was in 19th century. The question is how to sustain that freedom and freemarket so that it will not mutate towards dictatorship.
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April 17, 2015, 07:34:45 AM
 #383

The Communists steal everything for themselves and make everyone animals to subjugate them.

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April 17, 2015, 08:12:33 AM
 #384

The Communists steal everything for themselves and make everyone animals to subjugate them.

LOL. Then in human history, every society was clearly communistic. Cheesy








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May 01, 2015, 08:17:09 AM
 #385


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May 02, 2015, 06:16:59 AM
 #386

WILL TOMORROW BE TOO LATE?!!!

If you are a "BItassets" (derivatives contract) holder, ask yourself this.  What happens when the market capitalization of BTS is too low to fully collateralize all the outstanding "Bitassets" (derivatives contract)?  It's not "Safer than a Swiss Bank Account" - Stan Larimer, Bitshares(TM) Head of Operations.

YOURCHAIN - MAKE CRYPTO YOURS AGAIN!
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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May 02, 2015, 07:04:13 AM
 #387

If you are a "BItassets" (derivatives contract) holder, ask yourself this.  What happens when the market capitalization of BTS is too low to fully collateralize all the outstanding "Bitassets" (derivatives contract)?
Hmm, you really understand how BitAssets works!?

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DecentralizeEconomics
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May 02, 2015, 08:06:27 AM
 #388

If you are a "BItassets" (derivatives contract) holder, ask yourself this.  What happens when the market capitalization of BTS is too low to fully collateralize all the outstanding "Bitassets" (derivatives contract)?
Hmm, you really understand how BitAssets works!?

Do you?  If the marketcap of all outstanding "bitassets" exceeds the marketcap of BTS, how do you propose to settle all of the outstanding derivatives contracts?  All "Bitasset" derivatives contracts are settled in BTS.

YOURCHAIN - MAKE CRYPTO YOURS AGAIN!
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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May 02, 2015, 09:10:32 AM
 #389

If you are a "BItassets" (derivatives contract) holder, ask yourself this.  What happens when the market capitalization of BTS is too low to fully collateralize all the outstanding "Bitassets" (derivatives contract)?
Hmm, you really understand how BitAssets works!?

Do you?  If the marketcap of all outstanding "bitassets" exceeds the marketcap of BTS, how do you propose to settle all of the outstanding derivatives contracts?  All "Bitasset" derivatives contracts are settled in BTS.

Today marketcap of all BitAssets $300 000, how much should cost BTS in order to this happened?
BTW if all contracts will be closed by peoples the marketcap of BitAssets will be 0 as at beginning.

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Chew Kok
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May 02, 2015, 09:32:28 AM
 #390


Maybe DE should ask question we all want to know.






"A bleeh, bleeh, bleeh... Thats All Folks"!

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May 02, 2015, 09:09:13 PM
 #391




















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May 03, 2015, 06:12:15 AM
 #392

If you are a "BItassets" (derivatives contract) holder, ask yourself this.  What happens when the market capitalization of BTS is too low to fully collateralize all the outstanding "Bitassets" (derivatives contract)?
Hmm, you really understand how BitAssets works!?

Do you?  If the marketcap of all outstanding "bitassets" exceeds the marketcap of BTS, how do you propose to settle all of the outstanding derivatives contracts?  All "Bitasset" derivatives contracts are settled in BTS.

Today marketcap of all BitAssets $300 000, how much should cost BTS in order to this happened?
BTW if all contracts will be closed by peoples the marketcap of BitAssets will be 0 as at beginning.

Let's take the following example.  If the marketcap of BTS falls below the entire marketcap of all the outstanding "BitAssets", then how can BTS fully collateralize the "BitAssets"?  It is my understanding that "BitAsset" long positions are 100% collateralized with BTS and "BitAsset" short positions are 200% collateralized.  The answer I'm expecting to get to this question is if all the "BitAsset" holders of a certain class, say BitUSD, want to liquidate their position then they will exert buying pressure on BTS thus driving the price of BTS higher allowing all the "BitAsset" holders of that class to successfully exit their position.  But, what happens if this buy pressure on BTS/BitUSD doesn't cause a price increase do to greater sell pressure on the BTC/BTS side of the trade?  It seems that in this scenario a falling overall BTS price would prevent 100% collateralization of the "BitAssets" resulting in a situation where the there isn't enough BTS in existence to cover all the open positions.

YOURCHAIN - MAKE CRYPTO YOURS AGAIN!
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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May 03, 2015, 06:24:47 AM
 #393

If you are a "BItassets" (derivatives contract) holder, ask yourself this.  What happens when the market capitalization of BTS is too low to fully collateralize all the outstanding "Bitassets" (derivatives contract)?
Hmm, you really understand how BitAssets works!?

Do you?  If the marketcap of all outstanding "bitassets" exceeds the marketcap of BTS, how do you propose to settle all of the outstanding derivatives contracts?  All "Bitasset" derivatives contracts are settled in BTS.

Today marketcap of all BitAssets $300 000, how much should cost BTS in order to this happened?
BTW if all contracts will be closed by peoples the marketcap of BitAssets will be 0 as at beginning.

Let's take the following example.  If the marketcap of BTS falls below the entire marketcap of all the outstanding "BitAssets", then how can BTS fully collateralize the "BitAssets"?  It is my understanding that "BitAsset" long positions are 100% collateralized with BTS and "BitAsset" short positions are 200% collateralized.  The answer I'm expecting to get to this question is if all the "BitAsset" holders of a certain class, say BitUSD, want to liquidate their position then they will exert buying pressure on BTS thus driving the price of BTS higher allowing all the "BitAsset" holders of that class to successfully exit their position.  But, what happens if this buy pressure on BTS/BitUSD doesn't cause a price increase do to greater sell pressure on the BTC/BTS side of the trade?  It seems that in this scenario a falling overall BTS price would prevent 100% collateralization of the "BitAssets" resulting in a situation where the there isn't enough BTS in existence to cover all the open positions.

Today all shorts force to cover every 30 days, it's makes buy pressure.
http://bytemaster.bitshares.org/article/2015/01/27/BitAssets-and-Black-Swan-Events

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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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DecentralizeEconomics
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May 03, 2015, 06:34:25 AM
 #394

If you are a "BItassets" (derivatives contract) holder, ask yourself this.  What happens when the market capitalization of BTS is too low to fully collateralize all the outstanding "Bitassets" (derivatives contract)?
Hmm, you really understand how BitAssets works!?

Do you?  If the marketcap of all outstanding "bitassets" exceeds the marketcap of BTS, how do you propose to settle all of the outstanding derivatives contracts?  All "Bitasset" derivatives contracts are settled in BTS.

Today marketcap of all BitAssets $300 000, how much should cost BTS in order to this happened?
BTW if all contracts will be closed by peoples the marketcap of BitAssets will be 0 as at beginning.

Let's take the following example.  If the marketcap of BTS falls below the entire marketcap of all the outstanding "BitAssets", then how can BTS fully collateralize the "BitAssets"?  It is my understanding that "BitAsset" long positions are 100% collateralized with BTS and "BitAsset" short positions are 200% collateralized.  The answer I'm expecting to get to this question is if all the "BitAsset" holders of a certain class, say BitUSD, want to liquidate their position then they will exert buying pressure on BTS thus driving the price of BTS higher allowing all the "BitAsset" holders of that class to successfully exit their position.  But, what happens if this buy pressure on BTS/BitUSD doesn't cause a price increase do to greater sell pressure on the BTC/BTS side of the trade?  It seems that in this scenario a falling overall BTS price would prevent 100% collateralization of the "BitAssets" resulting in a situation where the there isn't enough BTS in existence to cover all the open positions.

Today all shorts force to cover every 30 days, it's makes buy pressure.
http://bytemaster.bitshares.org/article/2015/01/27/BitAssets-and-Black-Swan-Events

While forcing shorts to cover every thirty days does exert buying pressure, it doesn't necessarily prevent a situation like I described from occurring.  There is a significant amount of BTS sitting on the sidelines not invested into any "BitAsset" class.  If these BTS are sold and the sell pressure this creates overwhelms the buy pressure exerted from "BitAsset" holders exiting their position, it seems that potentially a situation could develop if BTS drops low enough that there simply wouldn't be enough BTS to allow everyone to exit from their "BitAsset" positions without taking a loss.

YOURCHAIN - MAKE CRYPTO YOURS AGAIN!
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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May 03, 2015, 07:13:07 AM
 #395

While forcing shorts to cover every thirty days does exert buying pressure, it doesn't necessarily prevent a situation like I described from occurring.  There is a significant amount of BTS sitting on the sidelines not invested into any "BitAsset" class.  If these BTS are sold and the sell pressure this creates overwhelms the buy pressure exerted from "BitAsset" holders exiting their position, it seems that potentially a situation could develop if BTS drops low enough that there simply wouldn't be enough BTS to allow everyone to exit from their "BitAsset" positions without taking a loss.

I understand what you're talking about, if BTS price will drop to near 0.
To cover your old positions you can always short BitAsset for yourself at current price and cover your old positions. It's like when you get new loan to cover or pay percentages for your old loan in real life.

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.SEMUX
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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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June 08, 2015, 05:28:57 AM
 #396

Can anyone here point me to the current Bitshares thread please? I can't find it anywhere as I only can see the old protoshares one, thanks in advance.

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TELEGRAM     BITCOINTALK     FACEBOOK
MEDIUM    SLACK    TWITTER    YOUTUBE
▬▬▬▬▬▬▬   E M A I L   ▬▬▬▬▬▬▬
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[/center
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June 08, 2015, 07:14:11 AM
 #397

Can anyone here point me to the current Bitshares thread please? I can't find it anywhere as I only can see the old protoshares one, thanks in advance.

https://bitcointalk.org/index.php?topic=940298.msg11542512#new
Or even better (if you want to know everything about BitShares): https://bitsharestalk.org

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.SEMUX
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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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DecentralizeEconomics
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June 08, 2015, 08:51:47 AM
 #398

Can anyone here point me to the current Bitshares thread please? I can't find it anywhere as I only can see the old protoshares one, thanks in advance.

This IS the official Bitsnares thread.

YOURCHAIN - MAKE CRYPTO YOURS AGAIN!
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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June 08, 2015, 09:49:10 AM
 #399

Can anyone here point me to the current Bitshares thread please? I can't find it anywhere as I only can see the old protoshares one, thanks in advance.

This IS the official Bitsnares thread.

This quoted post gives a fairly comprehensive list of bitshares links, but I cannot find an official bitshares bitcointalk thread in it. I never looked for one before and now I have it seems strange that there doesn't appear to be one.

I'll use this spot to post useful links and try to keep them up to date.

Our main website is bitshares.org.



Bytemaster takes live questions from a worldwide on-line audience every Friday at 10 Eastern Time (UTC+5) here:
Talk With Bytemaster

Media Point of Contact!

Max Wright, the author of Bitshares101 and the host on BitShares.tv,
has agreed to be a contact person for media contact/inquiries.
You could forward his contact info to them:

max@bitshares.org
skype:max.bitshares.btc


You can learn more by downloading Max Wright's in-depth BitShares 101 ebook or watching Max's great interviews on BitShares.TV.
There's are links to both on Bytemaster's Blog

chapter 6 and 7 both have updates.

they can be found at

www.bitshares.tv/chapter6
www.bitshares.tv/chapter7

They contain videos which are also helpful.

Max Wright's #1 best-selling book is now available in video form.

BitShares 101 the Movie

If you can only watch one video, start with Max's Chapter 3 in the above series.  Awesome.

There's a nice set of wallet tutorials here:  BitShares Wallet Tutorial Videos

Check out Music and PLAY for their specific software releases.

You can find out about the other independent DACs at their own websites
as featured in this newsletter in our Newsletter Archive  

There's lots of folks happy to answer other questions at
bitsharestalk.org


Here's a series of articles I wrote for this forum to provide some background on The Origin of BitShares:

Part 1   - It Began with ProtoShares
Part 2   - The Death of Mining
Part 3   - The Ideal Mining Pool
Part 4   - AngelShares and Virtual Mining
Part 5   - POW to POS to TaPOS to DPOS!
Part 6   - Sharedrops and Snapshots
Part 7   - BitShares Sharedrop Theory
Part 8   - Experimenting and Pivoting
Part 9   - What is a SuperDAC?
Part 10 - BitShares Unleashed


Here's a nice set of tutorial videos
Riverhead plans many more, so check back here periodically.

http://whatisbitusd.com/tutorials/




Another great source of info on BitShares - Google's BitShares Community

And here is another site chock full of BitShares news:  http://bitsharesblog.com/beyond-bitcoin-show-talks-with-bytemaster-about-bitshares-development/


Finally, here is a nice product brochure that you can download and print...

English flyer in A4 print size (front):
https://docs.google.com/drawings/d/1T3mDxaa7U0IOaD251yNwNiqI_9Fier7QgtnBm3hCzyI/edit
 
English flyer in A4 print size (back):
https://docs.google.com/drawings/d/10mf7scN4ldCoXy8alz7UCkzt7N3tTQwJWS81zXfNMxs/edit
 

Troll Chest

Finally, lest they be lost forever, we add links to our favorite troll graveyard.
In addition to some outrageous (even funny) troll FUD, these contain some serious discussions among the foul droppings.

Communist BitShares Wealth Redistribution is Theft
BitShares? interesting ! bullish
Even though BTS devs are greedy, it's still better tech than NXT and NuBits
Is BitShares a Blog or a Bitcoin 2.0 project?
Nubits vs Bitshares vs Bitbay
BitShares is Dead
Where are those Bitshares' Shills?
JOIN OR DIE! United We Stand... Divided We Fall!

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June 08, 2015, 10:27:53 AM
 #400

Can anyone here point me to the current Bitshares thread please? I can't find it anywhere as I only can see the old protoshares one, thanks in advance.

This IS the official Bitsnares thread.

No, this IS DecentralizeEconomics communists dream thread  Smiley

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  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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