Given all the recent discussions about Bitcoin's transactions fees. I thought I should take the time and quickly explain how the fee schedule work on BitShares.
One very interesting feature of BitShares is that users can basically pay their fees in any asset, not just using BTS. The only requirement is that the so called fee pool of the asset that you want to use to pay the fee is filled sufficiently. This is the job of the issuer. When you pay your fee in an asset other than BTS, then the fee is exchange implicitly with that fee pool at the so called core exchange rate. That rate as well as the funds in the fee pool are maintained by the issuer.
Example: You are sending bitUSD to Bob, but you don't own any BTS - why would you if you only want to deal with smartcoins? In this case, you can pay your fee in bitUSD. How much bitUSD you need to pay depends on the core exchange rate and the fee associated with a transfer (see b
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I bought my first bitcoin on February 5th, 2013. I spent $50.10 and netted 2.44114706 bitcoin at $20.40 each. At today's rate, that's worth about $2,657.16. I kept buying through all of March and April that year and though I lost quite a bit on a bitcoin miner I melted, I also paid off my house this year.
Fast forward to 2016 and along comes Steemit. @sean-king and @billbutler (both I know IRL...
In Real Life... remember when that was a thing back in the days of AOL chat?) told me to get onboard the Steemit train. I dropped some bitcoin in, and it's been a wild ride ever since. I bought at $0.28 per STEEM ($310.48 worth) and $1.00 per STEEM ($5,843.52 worth). I later sold some STEEM on bitrex, but nowhere near the top. I was powered up by then and all-in on the Steemit dream.
It was sa
So, what's happening with Bitshares?
It's still not popular and it's still trading at about half of a penny.
But it sure is fast!
Thanks for reading! See you next time!
Follow me: @ats-david
16 Token giveaway recently to 9 people! Vote for your favorite and leave your bitshares user name for giveaway. Check recent prices for steem(it)bitshares UIAs and others for BLOCKPAY, PEERPLAYS, STEEM, TASKMANAGER, TRAIL, VIRGROW, WANGCHANGE, and new WANGCENTS bitshares UIAs (User Issued Assets)https://s12.postimg.org/cyn21k9p9/bts_uia_giveaway.png
If you don't have an account already you can sign up for bitshares here.
I thought of buy steem or bitshares and on end decided for bitshares.
My investment was not big around 500 euro but surprise - my investment was very good.
I buy on price 406 and I sold last night at 570 !
You guys truly belive the bitshares will succed .
Something else i see every day is burn the SBD and power up .
Ok i will do sometnimg diferent !
Every SBD colected from my posts i will invest in bitshares !
Here is the start !
Only 1000 STEEMBOOST are issued by now. Only 100.000 total STEEMBOOST will be available.
Get yours now!
Follow @steemboost for updates!
How to Create Openledger Account and deposit Bitshares
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Prize Portal aims to use the reward potential from Steemit and BitShares to power a giveaway system that goes beyond cryptocurrency. Internet Money - Real Prizes... The lure of real physical prizes instead of magic internet money is something Steemit has a short supply of.
For more information on how the prize voting works, see this post. These posts build up the Prize Portal Bank to fund giveaways, and allows the community to have some say in what they will be getting for prizes.
The Prize Portal Reward Bank is the pp-bits bitshares trading account. STEEM and SBD are stored there to be converted to BTC, for purchasing giveaway items.
If I make enough of these I may actually become OK at it.
Today we were thinking more about how to implement an ethical mlm using Steem/Steemit. Searching on "ethical mlm" and "blockchain" didn't show too many results, in fact our post from early in this series, was the number 1 hit:
Most of the articles are about blatant scams like Onecoin and Zero-traction attempts like RCoin. Links:
Is it really that hard to create an ethical mlm that can go viral? If you realize that mlm's are not inherently evil if done right, meaning that the worst thing that can happen to th