BitShares Loves Puppies

[StanLarimer]

This just out - integration with ShapeShift!  (I think that's a fox, not a cat, in their logo.)

What's cool about this is you can move your BTC to BitUSD in about 60 seconds and bring them back to BTC when you want to spend them.

Why would you want to do this?

Well, while it's in your BitUSD "Savings Account", you earn variable interest (generally at least 1% right now) and you are insulated from drops in BTC price.  Bring it back to your Bitcoin "Checking Account" when you want to make a payment.  (Or send it directly as BitUSD to someone with a BitShares wallet in just 10 seconds.)  

Conversion among other currencies and BitAssets is coming soon.

So hot

Your missing a link to the website and people are pretty lazy to go and google it.

You guys should work on some games to add, big investors and a forum full of rocket scientists are great but surely you are missing out on the massive amount of noobs. DogeCoin doesn't have the tech but they do have a fun community which keeps people around and arguably some of the best marketing around.

I did post this further above but it never hurts to do it again.  You can see this at https://shapeshift.io/

I'd be interested in everybody's experience with it.  Right now it's in testing with limited transaction sizes but they'll open it up as soon as everything checks out.  I've heard nothing but good things so far.  Let's see what you guys think.

We were just discussing the role of games to help bootstrap awareness in Bytemaster's Live Q&A Session today.  I noticed the ideas were being kicked around on various threads at bitsharestalk.org.  Some like the idea, some hate it.  I suspect we'll see something along this line in a month or two.

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[Crestington]

This just out - integration with ShapeShift!  (I think that's a fox, not a cat, in their logo.)

What's cool about this is you can move your BTC to BitUSD in about 60 seconds and bring them back to BTC when you want to spend them.

Why would you want to do this?

Well, while it's in your BitUSD "Savings Account", you earn variable interest (generally at least 1% right now) and you are insulated from drops in BTC price.  Bring it back to your Bitcoin "Checking Account" when you want to make a payment.  (Or send it directly as BitUSD to someone with a BitShares wallet in just 10 seconds.)  

Conversion among other currencies and BitAssets is coming soon.

So hot

Your missing a link to the website and people are pretty lazy to go and google it.

You guys should work on some games to add, big investors and a forum full of rocket scientists are great but surely you are missing out on the massive amount of noobs. DogeCoin doesn't have the tech but they do have a fun community which keeps people around and arguably some of the best marketing around.

I did post this further above but it never hurts to do it again.  You can see this at https://shapeshift.io/

I'd be interested in everybody's experience with it.  Right now it's in testing with limited transaction sizes but they'll open it up as soon as everything checks out.  I've heard nothing but good things so far.  Let's see what you guys think.

We were just discussing the role of games to help bootstrap awareness in Bytemaster's Live Q&A Session today.  I noticed the ideas were being kicked around on various threads at bitsharestalk.org.  Some like the idea, some hate it.  I suspect we'll see something along this line in a month or two.

The games and gambling are inevitable but I guess the challenge there is making sure that even if a government disagrees with the aspect of gambling that it is decentralized enough that there is no way to regulate it or intervene. People like games and gambling and social aspects so adding all of that increases exposure which would be better for Bitshares holders.

I think if you could do it where the gambling profits benefits the entire userbase equally then there would be no problem.

[StanLarimer]

Cruise ships are an interesting example.
When a ship pulls into port they close their onboard casino.
When they get to international waters, the casino lights up!

Sovereign DACs live in international waters by their very nature.
How are they different?

[Nxtblg]

All righty...since NFD finally moved from 2 satoshis to 3, and has stayed up there, I'll join in:

"All Into The Bowl."

[StanLarimer]

All righty...since NFD finally moved from 2 satoshis to 3, and has stayed up there, I'll join in:

"All Into The Bowl."

"I'm not uncovering the food until you guys back off!"

[StanLarimer]

Smart Wallets and Instant Exchanges

Great video Max Wright interviews ShapeShift's head of operations about this whole new genre of "instant exchanges"

Smart Wallets are here! Bitcoin usage will explode in the developing world

Here is BitShares' modest contribution to Bitcoin's success... "Just in time Bitcoins"

"With light wallets on the way and ShapeShift already integrated, It won't be long before someone releases a wallet that is both BTC and BTS integrated that uses ShapeShift to easily go back and forth between the two.  Now every user on the planet can download a single app and hedge BTC in a bear market with one click.  That will crush it."  - Max Wright

Now people can stay in crypto while hopping between ubiquitous checking and yield-bearing stable savings for pennies.

[JakeThePanda]

My Jake as a puppy.  Jake loves Bitshares.

[StanLarimer]

Indeed, that is one smart dog!

(I'll bet if you took a poll of all smart dogs they would each reach that same conclusion.)

Most smart dogs are also very freedom-oriented in their beliefs.  I can't tell for sure from the forum name, but I'll bet it was one smart dog that decided to create and post this transcript:

I listened to this one again. Dan's comments about his philosophy and the future of the block chain are worth rereading. Impromptu partial transcript below:

Max Wright: Share for us what your idea of the philosophy of freedom and the philosophy that you brought to bitshares….

Dan Larimer: The philosophy of freedom, for me, is all about “don’t do unto other people what you don’t want other people doing to you.” That’s the non-aggression principle. But if you apply that consistently, you can derive my entire worldview and philosophy. I use technology as a means of reaching the ends. A means of reaching that freedom, that ideal, of implementing that technology in society. There are a lot of places online where Libertarians rant, “the government is doing this, the government is doing that. Let’s petition them, let’s ask them, let’s beg them.” Some people say that we should fight violently and overthrow them. But I am very much of the mindset that the free market needs to be able to provide security--needs to be able to protect our life, liberty and property against all aggressors. That means that the free market needs to produce solutions that can protect us against today’s governments, without requiring that today’s governments disappear first. The solution needs to be so powerful and so effective that they work today, even in the middle of what many people consider to be a “big brother” government, a “1984” surveillance society.

Max Wright: Let’s talk about where this technology is going.

Dan Larimer: Where the Internet and block chain technology can take us as a society, where every transaction you do is settled on a block chain. Where every dispute that you have is resolved on a block chain. Where your reputation and identity are managed on a block chain.  Where your voting happens on a block chain. And where all laws -- that you agree to follow -- you can sign to, and post it on a block chain. Whenever you go to do business with someone, you bump your phones together and it verifies that you've got compatible arbitration agreements automatically. And when you make that purchase, you've got a signed record, a signed receipt of what it is that you are buying and what terms you agree to. So you've got these verifiable, provable signatures, you've got built-in arbitration, you are only accountable to your own laws, and every member of society can be bonded by posting a bond on the block chain in security against compliance with the laws that you have agreed to follow. And all of this stuff can be done in an entirely voluntary manner that does not depend upon initiating force or violence against anyone. It can be done in an entirely legal way because it only depends upon free speech and voluntary association.

So I envision that block chain technology will allow us to create a world where the incentives for being part of the... block chain community, that the efficiencies you gain are so strong, that your profits are so much higher, that being rejected or shunned by that community forces you to deal with people outside it -- people who have to charge higher fees, require security deposits for your utilities, for your rent, everything under the sun. The cost of doing business outside the system will be higher than the cost inside the system. I can see this creating a self-reinforcing virtuous cycle, where the more people that join and participate and start doing commerce entirely on a block chain -- merchants and consumers -- never having to lead back to the fiat world. You’ll start to see a growing snowball effect until it gets to the point that no one will dare being a government official because they would be excluded because they are participating in the initiation of violence against others. So these things are possible. I believe there is a solution. I do not believe that violence is a necessary response to violence -- that you must create governments in order to have law and order. I believe that good people don’t have to resort to bad things just because bad people exist.

https://www.youtube.com/watch?v=wczMKASQk6s

[Crestington]

Indeed, that is one smart dog!

(I'll bet if you took a poll of all smart dogs they would each reach that same conclusion.)

Most smart dogs are also very freedom-oriented in their beliefs.  I can't tell for sure from the forum name, but I'll bet it was one smart dog that decided to create and post this transcript:

I listened to this one again. Dan's comments about his philosophy and the future of the block chain are worth rereading. Impromptu partial transcript below:

Max Wright: Share for us what your idea of the philosophy of freedom and the philosophy that you brought to bitshares….

Dan Larimer: The philosophy of freedom, for me, is all about “don’t do unto other people what you don’t want other people doing to you.” That’s the non-aggression principle. But if you apply that consistently, you can derive my entire worldview and philosophy. I use technology as a means of reaching the ends. A means of reaching that freedom, that ideal, of implementing that technology in society. There are a lot of places online where Libertarians rant, “the government is doing this, the government is doing that. Let’s petition them, let’s ask them, let’s beg them.” Some people say that we should fight violently and overthrow them. But I am very much of the mindset that the free market needs to be able to provide security--needs to be able to protect our life, liberty and property against all aggressors. That means that the free market needs to produce solutions that can protect us against today’s governments, without requiring that today’s governments disappear first. The solution needs to be so powerful and so effective that they work today, even in the middle of what many people consider to be a “big brother” government, a “1984” surveillance society.

Max Wright: Let’s talk about where this technology is going.

Dan Larimer: Where the Internet and block chain technology can take us as a society, where every transaction you do is settled on a block chain. Where every dispute that you have is resolved on a block chain. Where your reputation and identity are managed on a block chain.  Where your voting happens on a block chain. And where all laws -- that you agree to follow -- you can sign to, and post it on a block chain. Whenever you go to do business with someone, you bump your phones together and it verifies that you've got compatible arbitration agreements automatically. And when you make that purchase, you've got a signed record, a signed receipt of what it is that you are buying and what terms you agree to. So you've got these verifiable, provable signatures, you've got built-in arbitration, you are only accountable to your own laws, and every member of society can be bonded by posting a bond on the block chain in security against compliance with the laws that you have agreed to follow. And all of this stuff can be done in an entirely voluntary manner that does not depend upon initiating force or violence against anyone. It can be done in an entirely legal way because it only depends upon free speech and voluntary association.

So I envision that block chain technology will allow us to create a world where the incentives for being part of the... block chain community, that the efficiencies you gain are so strong, that your profits are so much higher, that being rejected or shunned by that community forces you to deal with people outside it -- people who have to charge higher fees, require security deposits for your utilities, for your rent, everything under the sun. The cost of doing business outside the system will be higher than the cost inside the system. I can see this creating a self-reinforcing virtuous cycle, where the more people that join and participate and start doing commerce entirely on a block chain -- merchants and consumers -- never having to lead back to the fiat world. You’ll start to see a growing snowball effect until it gets to the point that no one will dare being a government official because they would be excluded because they are participating in the initiation of violence against others. So these things are possible. I believe there is a solution. I do not believe that violence is a necessary response to violence -- that you must create governments in order to have law and order. I believe that good people don’t have to resort to bad things just because bad people exist.

https://www.youtube.com/watch?v=wczMKASQk6s

The thing I find most interesting about governments is that there are so many that complain about the inefficiencies, surveillance and corruption but when faced with legal issues out of their control such as theft of their personal property or large scale fraud (Mt. Gox) that they would turn to their governments and demand that they solve the issues. The US Government in general is horribly inefficient with Democrats and Republicans spending all their time arguing over issues that nothing really gets done and  hundreds of millions of dollars are spent every year in order to make the other side seem less credible along with over bloated pension funds and exuberant wages for basically doing nothing when that money would be better spent on basic needs. The Blockchain solves a lot of these issues by taking away the centralized control of the monetary system but the first thing that comes to mind when thinking about the adaption of the Blockchain into a full nationwide monetary system is how Governments would pay for maintenance of infrastructure since it isn't like the average person would just go out and donate money to the Government in order to pay for these services. It seems inevitable that Governments would have to transition to Blockchain technology and the sooner they start to adapt the better but they have yet to even begin and the question would be, how they would make the transition?

[oblivi]

These puppies are so cute and huggable. Puppies are always a great marketing point of attraction. I think im going to buy over 9000 Bitshares as we speak.

[StanLarimer]

These puppies are so cute and huggable. Puppies are always a great marketing point of attraction. I think im going to buy over 9000 Bitshares as we speak.

[StanLarimer]

The thing I find most interesting about governments is that there are so many that complain about the inefficiencies, surveillance and corruption but when faced with legal issues out of their control such as theft of their personal property or large scale fraud (Mt. Gox) that they would turn to their governments and demand that they solve the issues. The US Government in general is horribly inefficient with Democrats and Republicans spending all their time arguing over issues that nothing really gets done and  hundreds of millions of dollars are spent every year in order to make the other side seem less credible along with over bloated pension funds and exuberant wages for basically doing nothing when that money would be better spent on basic needs. The Blockchain solves a lot of these issues by taking away the centralized control of the monetary system but the first thing that comes to mind when thinking about the adaption of the Blockchain into a full nationwide monetary system is how Governments would pay for maintenance of infrastructure since it isn't like the average person would just go out and donate money to the Government in order to pay for these services. It seems inevitable that Governments would have to transition to Blockchain technology and the sooner they start to adapt the better but they have yet to even begin and the question would be, how they would make the transition?

The only reason we have governments is because no one can stand the alternative. (That would be organized crime, but I repeat myself.)

I believe that the way forward is to provide better alternatives to government, things that make government irrelevant, things that restrict its abuses, but not the elimination of all that is barely keeping a finger in the dike of untamed human nature.

Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.    

-- Declaration of Independence

Anything that will work on the blockchain shouldn't need government - let the free market handle it.  Bitcoin funds itself via inflation at the tune of several hundred million dollars per year.  At government replacement scale, that would be many billions available to fund operations.  Um, if you didn't have to burn it paying miners to buy electricity.

At government scale using BitShare's DPOS "miners", all those funds would be redirected to pay for useful work like operations, infrastructure, and developing new services.

Of course, with BitShares we are only recycling a few percent of annual growth to fund growth.  Long before we reach government scale, we won't need to do that because we can fund it all out of fees for services rendered.  So far to date we have been net deflationary.

So, yes, move as much as possible of what the governments do onto the block chain.  That's ultimately what we are trying to do to wean ourselves away from dependency on government to enforce a level playing field and an incorruptible set of rules.  Providing a decentralized exchange and stabilized currency products is just our warm-up act.

[StanLarimer]

And there is a bigger problem than government corruption.  It is the chief source of that corruption...

Welcome to the Blockchain!  A nice tune to have playing in the background while you browse this forum...

https://www.youtube.com/watch?v=fnunXnLdJdw

[StanLarimer]

For the record, BitShares loves groundhogs too.

[bitcreditscc]

And there is a bigger problem than government corruption.  It is the chief source of that corruption...

Welcome to the Blockchain!  A nice tune to have playing in the background while you browse this forum...

https://www.youtube.com/watch?v=fnunXnLdJdw

You've resorted to copying my opening line???

bitcredits.website

[G2M]

For the record, BitShares loves groundhogs too.

This most certainly isn't a puppy.

[StanLarimer]

Four ways to hedge Bitcoin using BitShares.

Here's a quick summary of four efficient ways to step off the crypto elevator on down-swings and back onto it each swing up without having to exit to fiat.

1.  Use a Centralized Exchange to trade between real BTC and your favorite BitAsset (BitUSD, BitGOLD, BitEUR, BitSilver, BitCNY).

This stays in crypto (and does incur larger fees and counterparty risk while the exchange is holding your assets for you) but you are hedged against volatility while you are sitting in a BitAsset on that exchange.

2.  Use a BitShares Gateway to to trade between real BTC and your favorite BitAsset on the BitShares Decentralized Exchange.

This stays in crypto (and does incur exchange-like fees) but eliminates counterparty risk except the moments your are actually passing through the gateway to get to the safety of a decentralized exchange and the stability and yield of a BitAsset.

3.  Stay on the BitShares Decentralized Exchange and trade BitBTC against your favorite BitAsset.

This stays in the low fee / counterparty-free trade zone while letting your purchasing power track BTC when it is climbing and sitting out any down drafts by tracking some other BitAsset and earning yield.  This is the cheapest way to toggle risk-on/risk-off.  Pennies per toggle.

4.  Use a smart wallet with integrated ShapeShift technology to switch between real BTC and a BitAsset on the fly.  

You move between BitAssets and real Bitcoin at the touch of a button - just in time to spend it.  The rest of the time you are in BitAssets, safe from volatility and earning a yield.  You are only exposed to ShapeShift counterparty risk and fees during the moments it takes to transition through their gateway.

[StanLarimer]

You've resorted to copying my opening line???

bitcredits.website

Actually I linked to media.boreme.com/post_media/2013/thomas-jefferson-banking.jpg

But, Cool!  Anybody that quotes Thomas Jefferson and recognizes who the real Bad Guys are is a friend of mine!

Amazing fact:
  
John Adams (2nd President) and Thomas Jefferson (3rd President)
both died within 5 hours on the Fourth of July, 1826
exactly 50 years
to the day
after they signed the Declaration of Independence
 
and exactly 13 years short of two centuries
to the day
prior to the founding of BitShares (I3)
on the Fourth of July, 2013.

Mind-boggling coincidence?

[StanLarimer]

ShapeShift's Press Release

Here's an excerpt:

Site is now the fastest way to buy or sell BTS and BitUSD assets online

Canton, Geneva (PRWEB) February 02, 2015

ShapeShift.io has integrated the BitUSD and BTS digital assets into its instant exchange platform. Consumers can now buy and sell BTS and BitUSD anywhere in the world instantly with Bitcoin, Ripple, Dogecoin, NXT, or over 15 other leading cryptocurrencies with ShapeShift.io.

The speed and convenience comes from the platform's minimalist design, with no signup process or account required.

As the digital currency ecosystem continues to rapidly grow, integration between platforms is accelerating. ShapeShift.io, which launched in August 2014, has risen quickly as the most convenient way to buy or sell the leading digital assets. The site has integrated over a dozen of these currencies to date, enabling instant conversion between all of them directly.

Read More

[barwizi]

Among the so called 2.0 projects, only BTS has gone that far, so yeah props for that. The rest of the arguments are pretty much political and based on opinions not fact..