And yours is? He made a lame rhetorical message. I can't write my own rhetorical posts?
Honestly who gives a chit about BCnext's "plan" when his real plan ended up being fire sell $100K+ worth of NXT and fleeing into the night?
What you call a "lame rhetorical point" is what many people call an example of an open, curious mind. I realize that forums are not good places for people to exchange ideas and try to learn. Most, it seems, assume that this is a debate, and one "earns points" by vanquishing an opponent in discursive combat. People become more entrenched in their own thinking, and gain the support of the echo chamber from whence they came. This is not my scene. Have fun.
You can find a few bad apples in every walk of life. Do not leave, please!
Honestly, your post was one of the greatest things I read recently. Even though it is just - 'The Great Minds think alike!'
......
First they ignore you, then they laugh at you, then they fight you, then you win.
I wonder how much of Bitshares project is in line with BCNext's overall plan. This is from Part Two.
"Regarding NXT as coins: NXTs are not coins... or at least the creator of Nxt didn't want them to be seen as coins. They are tokens that grant privileges for supporting Nxt. Deflation is not much better than inflation. "Real" coins should be created on top of Nxt, and be issued in quantities that keep their value constant. BCNext understands that this is very arguable. The community should decide if it wants to follow the path showed by him, or stick to the Bitcoin legacy of an unchangeable supply of coins with which people hope to become rich by doing nothing."
Most people would take deflation over inflation. Crypto Currencies only exist and have a following due to the stagflation we have seen since the 1960s (inflation + stagnating wage increases).
Why should any of us work our whole life and have little saved for retirement, because we were paying a 1%-6% "tax on the poor" (inflation) every year? Inflation during the privatization of the former Soviet Union is what led to many pensioners to resort to eating dog food. Much like every year it is becoming more difficult in the United States to feed a family due to stagflation and increasing CPI.
I think your concern is velocity but velocity doesn't matter unless crypto currencies hit $10+ trillion and it's just a single "one world currency" which replaces $Fiat. Which I don't think it's possible as crypto currencies are currently very decentralized and plural (400+ alternates to Bitcoin).
Maybe someone like John Titor was correct in that monetary system of the future will be decentralized and crypto currencies is a good example of that.
That was us making an investment decision based upon expected growth.
Well, that would be like self-fulfilling prophecy then, wouldn't it? You prop up the price with the IPO funds and there is your expected growth realized in price charts
Please reconsider your decision, or you may end up being grouped in the same category as keynesian central bankers. And you can also end up being owner of a sizeable portion of BTSX (20-30%), which goes against decentralization ideals and goals.
Sincerely hope people will do some reading and even attend the weekly mumble hangout that Dan has with--quite literally--anyone who wants to attend. https://bitsharestalk.org/index.php?topic=4150.0
Go ahead...visit...ask those tough questions in person!
Reading devphp's post here and on the NXT forum, I think he has done his share or reading about bitshares; And with every passing minute he is more and more concerned that he is about to become the buyer in the famous pizza/BTC story...
I wouldn't own any coins right now. Altcoins are taking a beating.
Surely that's the best time to own alts? Provided you buy smart, and play the waiting game. Pick the right coins, and you could profit handsomely. The problem is sifting the gems out of the wasteland that is the alt crypto scene.
I believe this thread is about one of the best available gems out there, imo.
What still makes me feel a little awkward...ORA is not a coin, but an asset, as I have understood. And it's issued at the nxt platform. I've read a lot of what seems to be fud about nxt. Would someone please explain to me why or why not nxt is good or bad? I want to make sure of this before stepping a bit more here.
The NXT discussion should take place in some other thread. In short IMO, NXT is pretty good. Now to the main issue Ora is an asset just so people can trade in and out of it. At some point in the future it will become a true coin and will no longer live on the NXT exchange.
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Topic
BoardAnnouncements (Altcoins)
Re: BitShares PTS (formerly ProtoShares) Cheat Sheet | CPU Mining
Two new snapshots were recently announced, great for people holding PTS. Things are heating up quickly for PTS holders as they have now received MMC, LottoShares, BitShares, and soon these two.
Interestingly enough PTS are not very expensive, something like 0.0070-0.0073 BTC/PTS . Not more than before those announcements. And the DNS one is pretty promising. No?
Also, give the guy that suggested it a tip. After all, he also posted in the bitshares forum and literally made bytemaster come here, take a look at Ora and offer cooperation.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] Crypti | Release July | 100% POS | New Source
It really doesnt ! What the sell price (that bter posts) for 1 CRSALE will go up by 1% each day or what? If not how you will figure out when I bought my CRSALEs?
Bter will provide us with a date and time for each purchase.
You will be able to see this soon in a public ledger, listing all pre-sale purchases done.
Jesus Christ. Does anyone read anything on this thread?
Actually why do I have to read 61 pages of thread? I was lucky enough to find the answer I was looking for in the last page, in this particular answer/question pair. But this should in either in the OP or the pre-sale instructions, imho.