Live webinar: The HERO, HERO Billion Dollar Challenge, Bitshares and more.
The upcoming live webinar will run at two separate times leading up to the 4th of July.
What is the HERO?
The hero is a stable, fast, appreciating market pegged asset that is backed by the equity of the platform which manages it. No counter party risk like other currencies backed by government debt or gold that may or may not be in a vault. Hero grows, by definition, by 5% APR against the dollar. The Hero is borrowed into existence by someone who uses BTS as collateral - like a home equity loan uses your house as collateral. Except you can sell, trade, spend or hold the Hero like a coin.
The Hero is borrowed into existence by someone who uses BTS as collateral - like a home equity loan uses your house as collateral. Except you can sell, trade, spend or hold the Hero like a coin.
Webinar Description
Heronomex is launching the "HERO Billion Dollar Challenge" on July 4th, 2017.
The HERO initiative can be read about at http://sovereignhero.com
On this live seminar, we will cover Bitshares technology, Blockchain technology, the HERO Challenge, Bitshares Decentralized Exchange (DEX) and much more
Webinar Dates and Times
- Monday, 3 July 2017 at 16:00:00 UTC
- Tuesday, 4 July 2017 at 21:00:00 UTC
Click the button below for free Registration to the webinar
Links and resources to help you get up to date on the project
The Original HERO Definition Post - “The Hero from BitShares Island"
https://steemit.com/bitshares/@stan/the-hero-from-bitshares-island-5
The Billion Hero Challenge Announcement
https://steemit.com/hero/@stan/the-billion-hero-challenge
Great Magazine Article - The Avant Garde
http://www.magcloud.com/browse/issue/1313226
HERO economic engines
The Video
By far the best resource for new people. This video is a “TED Talk” style presentation in front of a live studio audience in Hollywood.
Tutorials on How to Participate
How to join the HERO challenge as leader and participant
Borrow HERO and short it
Bitshares
Features of BitShares Overview
HERO
Information about the HERO project
Information about the HERO currency
HERO Documentation
Contrarian Articles - Risks, Special Case and Exceptions
Will hero work or can you brute force the free market
Who will pay the interest on HERO
Click the button below for free Registration to the webinar
This guy is talking about the US corporation, so he knows it became a corporation in 1871? And the constitution changed? Now he really gained my trust!
You are talking of @stan Larmer , The godfather of Bitshares and a real life rocket scientist :)
Make sure to checkout his blog and come to his webinar (he is also one of the guys in the video linked above too). Sounds like you might enjoy what he is building :)
I do! His presentation skills however were a bit weak at the end. I also checked out Sophia Stewart and that made me confused about credebility of the whole project. I'm not decided but this whole lawsuit against Wachovski's and on Amazon I read that her book was really awful.
Aaaannnnd BTS price is tanking.
You should buy then
I already did
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0.00193347 BTC $4.91 USD FREE FOR MONTH
check out my video about this
https://steemit.com/bitcoin/@quantumdragon/nanohash-bitcoins-real-1
🚨 SCAM ALERT 🚨
Look up Nanohash on Youtube or google
Looks like a fraud
@Wiedy
nanohash is still paying you are a spamer im just spreading a new mining cloud, its paying out so is not a scam if you can prove it is a scam give the info, not just writte on all my comments the same, i can do it back and flag you because its paying right now and is online http://nanohash.net
Do you mean I am a "spammer"? How do I spam if I am just commenting under YOUR spam? I just want to warn people so lets see who gets more upvotes.
I think Nanohash is a scam because there is no real support on their site, they say the telephone number is coming soon, the registrated adress is a small landside in the UK, the server is in russia, there are numerous articles that users had a bad experience, they tell you min payout is 1$ and then they tell you its 20$ and you should mine more...
You just want people to use your affiliate link thats all!
But yeah, thanks for the downvote!
Rant over @wiedy
It rose 10000% in the last 6 months, a correction was inevitable. This is just an opportunity to buy in at a discount while it completes the retrace to 1.2ish CNY before the trend reverses.
Edit: Or maybe not...
Don't know what chart you're looking at, but it's rising on my screen!
You have this paragraph twice
Hummmm... I tried that short the HERO/buy the BTS thing. I went to bed. Woke to a 4,040 BTS loss due to involuntary margin calls. Had 3.0 margin coverage when I went to bed. No messages, no warning. Bought HERO back at big loss without my intervention. Can't blame anyone but myself for not being better covered.
Be careful out there in MarginLand at BTS - or any exchange for that matter. I won't do margin again, I assure you. Happy HEROing, kids... just be careful.
I only start shorting with at least 8x margin, crypto is volatile and so is BTS.
I did a post on this. I was a nervous wreck but wanted to try it. It worked out for me, but I was watching it like a hawk and also had the collateral ratio set really high so I could get out if need be. It did teach me quite a bit about the way Hero will work and how it being backed by bitshares will affect both markets. It was so interesting, but I don't think my nerves could take much margin trading! :)
Thanks for your good advice. Should My margin moment ever fade from my active memory and greed tempts me, I'll most definitely apply your margin coverage. Regarding BTS - After having crypto tied up in a couple of exchanges, the concept of decentralised exchange is appealing.
I find BTS, like margin trading, is a place for the experienced player - tuition can be expensive. Providing one survives there, one can become more competent. Ahhhh, the thrill of running with the Big Dogs!
100% margin trading is a risky game and should only be done by those that completely understand the risks and have the bank roll to defend their position or cut their loses early (doesn't help when your sleeping)
I personally do not trade on margin; quite the opposite i am actually looking forward to a highly liquid trust free hedge against volatility. i have tried my hand in nubits before and also tether and smartcoins seems to be the best mix of trust free and collateral backed! they are even great when the market starts to rally because unlike some others asset (when the marekt starts a bull run no one is buying stable coins) if their is no liquidity to sell at market you can just 'settle' the position and take the underlying collateral.
Current problem that i think HERO has a chance to displace is to have enough liquidity at the current market price to allow traders to easily buy into a hedge without price creep.
Thanks for your thoughts. I like the altruistic concept of HERO and the idea we can 'Borrow' the HERO into existence. Exhuberance edged out the Essential Twins, Caution and her sister Thorough Understanding, with predictable results. I'm taking the experience as paid tuition and I'm thankful the loss wasn't larger. The hell of it is facing the fact I had plenty of liquidity, but too little understanding - a real life Homer moment, D'oh...
Most holders of HERO who want to trade back to BTS utilize settlement orders because liquidity is still rather low, and the spread is high. If a settlement order can't be fulfilled by the order book, it will eat through the least collateralized debt positions for the asset in question. I would be very careful borrowing Hero with low collateral coverage until liquidity improves.
Its an importance sentence; as such i state it twice ;) lol. No not really; well... it is important but that was not my intention. Thanks for the keen eye!
Well didn't need such a keen eye for that hehe ;)
It's annoying to miss stuff like that. I actually wrote a post about a Steemit post beautifier , you might want to check it out.
Hero is a new coin? or cryptocurrency? Registered.
Its a special type of asset on the Bitshares network that uses a price feed (provided by witnesses) plus a formula defined at creation to derive its value.
The coins themselves are not issued by a central authority they are actually shorted into existence by traders putting up at least 1.95 x the face value in Bitshares. The network then tracks the value of those coins and the underlying collateral to ensure at all times the face value of the asset is able to be 'settled' / covered by the collateral that backs it. These type of assets are known as smartcoins.
you can learn more about smart coins in general HERE. if it is HERO you want this i recommend watching the video and the first two links in the resources section.
Small correction. Hero, by definition, gains 5% APR against what the dollar was worth at the inception of the Federal Reserve, rather than the value of the dollar today. If USD were to turn deflationary at an annual rate of 5%, it's relative value to HERO would level out. Of course, if the USD were to deflate at 5%, the entire global debt based economy would rapidly collapse under its own weight, so I wouldn't count on TPTB ever allowing such a thing to happen.
Yeah, I butchered this sentience, will update the post. Thank you.
HERO is pegged to the value of the USD + 5% APR since the 23rd of the December 1913 which gives it a current price of around $155 USD. so the HERO value is relative to the USD value no matter which direction it is heading.
I will agree the world could not hand a deflationary USD and I'm surprised TPTB let us get this far; soon if not already it will be a hard task to tell millions of people they are not allowed to continue..
Love those graphics!
Thank you :), I love your project!
Looking forward to the webinar; i maybe slightly sleepy at that time but i will make sure i have a few coffees to get me through the night!
Wow very informative post! What does BTS stand for? Will definitely sign up for the webinar!
BTS == Bitshares
If you looking for more information i highly recommend a really good video introduction by Chronos Crypto
The HERO token sounds amazing but its also an odd concept to me... Its like a loan against your BTS holdings. At which point your holdings are locked up and you receive Hero tokens which are set up in a way that facilitates appreciation of 5pct per month is that right? But beyond that you can buy sell and trade it? Doesnt this sound like what banks do with derivatives?
This Hero webinar is going to be awesome :)
HERO looks interesting.. thanks @steempower for sharing this amazing news, highly appreciated!
Blochchain technology has indeed created many innovative products and thus a new industrial revolution. Thanks for sharing this with us..will certainly check it out.
Dont forget to check out my post for a link to collect free crypto..a once in a life time opportunity.
Great post !! will definitely register !! thanks for sharing :) you got my follow ! STEEM ON !
Watching the video: This is great stuff man! Thank you! I think I got the steem-fever!
"Bitcoin can't upgrade to new technology because it is run by miners". You must be able to evolve. I never thought about Bitcoin being run by miners, but it's an interesting point.
This webinar is very eye opening into the value and future of Hero and bitshares. Interesting to hear how different investors may choose to utilize the platform. Some will go for the safety of the 5% per year return and some will use it for leverage. "Adding the Hero gives bitshares new legs because we can market it to more people". These people may b a group that would not otherwise even think of investing in something like crypto due to the volatility and perceived risk.
Dan's vision "making your own choices without a third party being involved" by using blockchain technology. I love this.
Wow the slow transaction time of Bitcoin could turn out to be a huge factor. Looks like bitshares is in a league of its own here with a tremendous capability of thousands of transactions per second.
other interesting points from the webinar:
"like a home equity loan in the form of Hero" "Bitshares is your home equity" "As Bitshares increases in value, you can pay off your loan with fewer Bitshares" This is the motivation for people to borrow.
Interesting points about the 5% for the Hero
"The 5% defines what the forced settlement value is". "What is backing it is bitshares being held in escrow within the system" "You can settle out whenever you want to from within the system. You do not need to find a buyer"
interesting insight on the relationship between Hero and Bitshares
"working with a lot of startups who are buying bitshares to use as escrow" This causes bitshares to go up. "causes a growth cycle for bitshares" Hero=backed by bitshares: Bitshares=backed by business
Can someone please explain the technical mechanism via which it is possible to enforce a 5% appreciation in a market? I watched the entire 90 minute video and saw very little technical info whatsoever.
By the same mechanism that enforces price stability of SmartCoins. The only difference is, while smartcoins track a price based on a realtime feed of what the assets they derive their value from (ie. USD for bitUSD) are worth, HERO uses a formula. HERO is pegged to the value of the USD + 5% APR since the 23rd of the December 1913 which gives it a current price of around $155 USD.
OK, this is the part I've been "told" several times:
"HERO is pegged to the value of the USD + 5% APR since the 23rd of the December 1913 which gives it a current price of around $155 USD."
Can you explain the mechanism by which a freely traded asset can be pegged? If you are saying it is built into the design, can I see the code for the inflation formula or minimum payout somewhere? Because otherwise, I don't see how it works.
Here is the link I already included in the comment you replied to, which contains the explanation of the mechanism that enforces price stability of SmartCoins. It is also prominently displayed at bitshares.org.
From your link:
"In all but the most extreme market conditions, SmartCoins are guaranteed to be worth at least their face value"
Ah, so in all situations except the exact situations you most need price stability, these have price stability.
Does that sentence not severely worry you?
I mean, this is a system that runs on forced settlement and we are seeing pretty regular flash crashes in Nasdaq, Ethererum, etc.
PS - Thanks for the link.
I hope it will be informative and beneficial for all members ...from webinar we will understand more about HERO Billion Dollar Challenge....
I will definitely attend the live webinar, thanks
This is great news,I cant wait to hear more about this hero coin!
A HERO is a type of yugioh card, not played very often however
what does yugioh mean? haha
Thanks for sharing with us.
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Heronomex you must BOUNTY CHAMPAIGN for promote for JUMP price..
Thanks for sharing
I will be the Hero. going to register. thanks for information.
Registering right now! Let's hit it!
#upvoted #follow4follow
Great post @steempower. Let me check out this new project
Cool, please vote n comment @hadimemories
I think I should do a design 4 coins)
Wow nice
big dollar
Keep up the great content @SteemPower :)
Looking forwards to this seminar! :)
I like your post my hero, thank you for sharing information