BitShares Loves Puppies

[StanLarimer]

The alphabetical sorter seems to be broken:

BitUSD
BitCNY
BitGold
BitBTC
BitSilver

We can't trust the data...

Actually  "UCGBS" are the first five characters in a very long acronym designed to help people remember that BitShares has awesome market pegged assets for USD, CNY, GOLD, BTC, and SILVER that held their pegs impressively during the recent crypto recession.

We appreciate that coinmarketcap sorts them for everyone in this easy to remember and highly pronounceable format. 

[Come-from-Beyond]

Actually  "UCGBS" are the first five characters in a very long acronym designed to help people remember that BitShares has awesome market pegged assets for USD, CNY, GOLD, BTC, and SILVER that held their pegs impressively during the recent crypto recession.

Tonight I got a revelation from Saint Bernard Puppy that it stands for United Church of God of BitShares...

[scv00]

Actually  "UCGBS" are the first five characters in a very long acronym designed to help people remember that BitShares has awesome market pegged assets for USD, CNY, GOLD, BTC, and SILVER that held their pegs impressively during the recent crypto recession.

Tonight I got a revelation from Saint Bernard Puppy that it stands for United Church of God of BitShares...

It's not an easily memorable acronym and the limited vowels don't help make real words out of it. The only word I can think of is BUGS and I doubt you would be happy with an acronym containing that. Still, CBUGS is more memorable than UCGBS.

[StanLarimer]

BitShares is getting a whole new set of wallets - web wallet, lite wallet, full wallet, and a couple more "special" wallets.

One of the nice little upgrades is that we got rid of those ugly, cat-like robohashes!

Robohashes and identicons are visual "checksums" that help you spot when you've made a typo in an account name

Robohashes are a bit more distinctive, but they tended to uglify the first impression in the wallet IMHO.

So now we use kaleidoscope-like identicons, which are much more visually appealing.

To me, it's like the difference between day and night, good and evil, dogs and cats...

What do you think?

[M28MmickT]

Firstly first few pages them dogs were adorable if i am honest, but how does a bit share love dogs and not cats!?

Cats are mythical and mysterious and have been worshiped for hundreds of years, dogs are greedy and stinky and i love them also because i have 3 of them but where is the love for our cats. They need loving too,  I feel you should love all of god creatures..

[StanLarimer]

(Don't tell the NXT guys but I have two cats too...  they like BitShares just as much as my dogs.)

[jones_]

BitShares is getting a whole new set of wallets - web wallet, lite wallet, full wallet, and a couple more "special" wallets.

One of the nice little upgrades is that we got rid of those ugly, cat-like robohashes!

Robohashes and identicons are visual "checksums" that help you spot when you've made a typo in an account name

Robohashes are a bit more distinctive, but they tended to uglify the first impression in the wallet IMHO.

So now we use kaleidoscope-like identicons, which are much more visually appealing.

To me, it's like the difference between day and night, good and evil, dogs and cats...

What do you think?

These are sort of interesting, how many types are available and how are they generated?

There was talk of pointing an nxt alias with bitmapdata to an account, so the account could have a custom image associated with it, but I haven't implemented it yet. Linking an accountid to a picture can bring that human element into a normally computer-like string of random characters.

[Bit_Happy]

Happy thread!


How many Bitshares are needed to buy a puppy?

[StanLarimer]

You shouldn't buy a puppy with BitShares because puppies are priceless.

If you have a puppy, you inherently have good karma, and BitShares come to you!

[StanLarimer]

These are sort of interesting, how many types are available and how are they generated?

There was talk of pointing an nxt alias with bitmapdata to an account, so the account could have a custom image associated with it, but I haven't implemented it yet. Linking an accountid to a picture can bring that human element into a normally computer-like string of random characters.

There is open source software out there (e.g http://robohash.org/ or Identicons) where we got it or you can track it down through the BitShares GitHub library. 

[jones_]

These are sort of interesting, how many types are available and how are they generated?

There was talk of pointing an nxt alias with bitmapdata to an account, so the account could have a custom image associated with it, but I haven't implemented it yet. Linking an accountid to a picture can bring that human element into a normally computer-like string of random characters.

There is open source software out there (e.g http://robohash.org/ or Identicons) where we got it or you can track it down through the BitShares GitHub library. 

Ok so its just a generalized library, cool still. I'll need to look into my custom icon idea more, I like this.

As you could've guessed, I develop for nxt, but I still find other systems interesting.

While I'm here I've always wondered how things like bitUSD are able to give interest. Can't seem to find where that money is coming from.

[StanLarimer]

While I'm here I've always wondered how things like bitUSD are able to give interest. Can't seem to find where that money is coming from.

Just as in most of the world's traditional exchanges, you short an asset by borrowing it to sell now with the hope of buying it back cheaper later to pay off your loan (thereby taking the savings as a profit).

So a bitUSD is just a tradable collateralized loan that represents lending of a dollar's worth of BitShares now in exchange for a blockchain enforced promise to pay back a dollar's worth of BitShares later (with interest).  The borrower puts up three times as many BitShares as she borrowed as collateral under blockchain control to make sure that there will be a full dollar's worth of BitShares available to pay off the loan  if the price of BitShares should fall.

So, the interest comes from the person who did the borrowing (shorting) and is paid to the person who did the lending. 

One fine point:  all interest is paid into a blockchain managed pool from which all interest is paid.  So the lender gets a moving average of the interest all borrowers have paid.

What makes this better than doing the same thing on a centralized exchange is that there is no counterparty risk.  The blockchain holds the collateral and will automatically pay the agreed amount to the two parties - like a robotically trustworthy third party escrow agent.

[Come-from-Beyond]

The blockchain holds the collateral and will automatically pay the agreed amount to the two parties - like a robotically trustworthy third party escrow agent.

How does the blockchain know the price?

[StanLarimer]

Elected delegates publish price feeds and the block chain picks the median value.

[StanLarimer]

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

BitShares 101 the Movie

[Come-from-Beyond]

Elected delegates publish price feeds and the block chain picks the median value.

Median value as sum of values divided by number of values?

[StanLarimer]

Elected delegates publish price feeds and the block chain picks the median value.

Median value as sum of values divided by number of values?

No, that would be called the "mean".

"Median" cannot be affected by willful outliers since it is guarded by all the other feeds on both sides.

[ThomasVeil]

If you have a puppy, you inherently have good karma, and BitShares come to you!

So that means BitShares-people kill puppies when they're about to become adult!
I knew it all along!!!

There was talk of pointing an nxt alias with bitmapdata to an account, so the account could have a custom image associated with it, but I haven't implemented it yet. Linking an accountid to a picture can bring that human element into a normally computer-like string of random characters.

Please don't do the face thing. You can see from the robots example why that is a bad idea.
The pattern is much better.
....though somehow I see near-swastikas in each of them above. Guess it confirms my earlier suspicion

[Come-from-Beyond]

....though somehow I see near-swastikas in each of them above. Guess it confirms my earlier suspicion

I see shurikens.

[jones_]

If you have a puppy, you inherently have good karma, and BitShares come to you!

So that means BitShares-people kill puppies when they're about to become adult!
I knew it all along!!!

There was talk of pointing an nxt alias with bitmapdata to an account, so the account could have a custom image associated with it, but I haven't implemented it yet. Linking an accountid to a picture can bring that human element into a normally computer-like string of random characters.

Please don't do the face thing. You can see from the robots example why that is a bad idea.
The pattern is much better.
....though somehow I see near-swastikas in each of them above. Guess it confirms my earlier suspicion

just a user-defined 16x16 pixel image, I could dynamically generate them for accounts and assets too, that might be cool.