Approve my 100% pay rate delegate

[bytemaster]

Congrats Toast :)

And to the person who voted him in with 38 million, I'd really appreciate it if you voted for dev.bitsharesblocks instead of delegate.svk31! :)

I would like to say thank you to the community for approving Toast without any help from me.   I think it was important everyone to recognize that Toast has gotten in on his own merits without any help from "insiders".   

[Overthetop]

I think it is the new ERA of the BTS,Cheers!

Think about more and more "Bytemasters" and "Toasts" ,come for BTS...

That is an exciting situation.

:)

[xeroc]

+5% .. I just pushed my latest slate including toast.

congrats!!!

Where do we go to see your slate?

https://bitsharestalk.org/index.php?topic=8502.0

[onceuponatime]

+5% .. I just pushed my latest slate including toast.

congrats!!!

Where do we go to see your slate?

[xeroc]

+5% .. I just pushed my latest slate including toast.

congrats!!!

[BTSdac]

Congratulations Toast, you just made crypto-history! First person to be hired by a blockchain!!!

Congratulations Toast +5%

[svk]

Congrats Toast :)

And to the person who voted him in with 38 million, I'd really appreciate it if you voted for dev.bitsharesblocks instead of delegate.svk31! :)

[Shentist]

congrats toast!

please provide feeds...

[Ander]

A Historic Accomplishment!

November 24, 2014.  The first time that a person was ever hired by a blockchain.

[mint chocolate chip]

Congratulations Toast, you just made crypto-history! First person to be hired by a blockchain!!!

[arhag]

Well, we finally have our first 100% pay delegate in (dev0.nikolai)! http://bitsharesblocks.com/blocks/block?id=1097904

P.S. Now start producing some price feeds toast! :P

[Method-X]

Approved!

http://bitsharesblocks.com/delegates/delegate?name=dev0.nikolai

[donkeypong]

I voted for you.

[cube]

Yup. I haven't voted with most of my stake yet either. Next update will have a simple cold storage / voter key solution.

This helps towards a more secured system.  +5%

[Empirical1.1]

Yup. I haven't voted with most of my stake yet either. Next update will have a simple cold storage / voter key solution.

+5%

[xeroc]

What does that mean, for the uninitiated?

- simple way to do COLD storage .. i.e. a paper wallet
- simple way for voting WITHOUT taking the private key out of the cold storage and compromise the safety of the funds!!

[matt608]

Finally got my vote in for you.

[monsterer]

Yup. I haven't voted with most of my stake yet either. Next update will have a simple cold storage / voter key solution.

yeay!!  +5% +5%

MMMMMMMEEEEEGA Release!

What does that mean, for the uninitiated?

[xeroc]

Yup. I haven't voted with most of my stake yet either. Next update will have a simple cold storage / voter key solution.

yeay!!  +5% +5%

MMMMMMMEEEEEGA Release!

[cn-members]

many holder store their funds at exchanges , don't bother to withdraw them to wallet .
And BTC38 stop voting for customers on their behalf.

[toast]

Yup. I haven't voted with most of my stake yet either. Next update will have a simple cold storage / voter key solution.

[arhag]

1) He wants to see if a popular, vetted, and meaningful delegate can get elected by the community. Basically if toast can't the rest of us won't either.

I suspect that is the reason. It is pretty disappointing though to see that even after more than a week has passed, someone like toast has still yet to get into the top 101.

I would like to how many of the current top 101 delegates bytemaster is voting for and what percentage of the approval his votes account for. I would make an educated guess that nearly all of the active delegates (if not all) are voted for by stake controlled by bytemaster and that he accounts for at least 7% of the approval percentages. If that is true, that would mean there is only approximately 3-5% of other stake that is voting for the top 10 active delegates. And that alone is not enough to get a delegate into the top 101.

If my estimates are true, then that means that if bytemaster continues to follow the policy of not voting for 100% delegates in order to be neutral, then we will not be able to vote in these paid delegates unless we get people who currently don't bother voting to start voting.

About 45% of stake remains unclaimed so far for some reason (although I think this includes the 20% vested stake that no one can claim yet?). Another at least 12.12% have at a minimum learned how to use the voting mechanics. What is the excuse for the other 43% of stake? My hope is that this is stake that was claimed, moved into cold storage and not touched since then. If that is the case, then I am hopeful that voter apathy will significantly drop once we are able to decouple voting private keys from spending private keys.

[Riverhead]

My guess, and it's just that, is one of two reasons or some combination of both.

1) He wants to see if a popular, vetted, and meaningful delegate can get elected by the community. Basically if toast can't the rest of us won't either.

2) Dan controls a lot of shares via AGS. It could be viewed negatively, perhaps even nepotism, to hoist toast into a paying position.

Sent from my SM-G900T using Tapatalk

[ripplexiaoshan]

What's the reason that BM hasn't voted for toast. After adding his votes, toast will go up to 101 for sure. Without BM's votes, it's difficult, because many big shareholders don't even log in this forum neither know much about toast...

[Troglodactyl]

I approved toast's delegate a while ago, but he's still not in the top 101.  Clearly I need more BTS.

[edilliam]

Just voted.  +5%

[santaclause102]

I will vote for toast!

But it would be good if there could be a clear message like:

At the moment I (do not) get paid by AGS funds xy bts/month. I think it would be justified to vote me in because... 

[Overthetop]

BUMP for toast!

[fluxer555]

...

Thank you for that, Stan. It must have been fun and enriching for Dan growing up with you as a father.

It's a pity that these artificial fiscal engineering constraints are preventing us from functioning at a higher level of efficiency.

[Overthetop]

Voted , BTS needs more devs with skills and talents like Toast.

[educatedwarrior]

Voted.    +5%

[cube]

Publish your version, toast! Don't want to find you're on v0.4.12!  :P

Feeds ready to go?

Up-voted with my meagre stake.

Perhaps fix this so that the version is auto-published to the blockchain. 

[ozvic]

Publish your version, toast! Don't want to find you're on v0.4.12!  :P

Feeds ready to go?

Up-voted with my meagre stake.

[clout]

I want to vote for you toast - please dont leave for Google :)

I have found dev0.nikolai in the Delegates page, and I clicked on his Thumbs up button. The thing I dont get is that I go into the Vote page in my account, and it lists 2 random delegates that I have never clicked approve for. Is nikolai supposed to be voted there and then I press the Update Vote button ?

those are the delegates that your shares are currently voting for. if you have not approved them then those votes will change upon clicking "update vote".

[speedy]

I want to vote for you toast - please dont leave for Google :)

I have found dev0.nikolai in the Delegates page, and I clicked on his Thumbs up button. The thing I dont get is that I go into the Vote page in my account, and it lists 2 random delegates that I have never clicked approve for. Is nikolai supposed to be voted there and then I press the Update Vote button ?

[House]

DAMN! you guys just blow me away sometimes.
I would never associate with people like you in the real world, i'd probably have too much of a inferiority complex. That said, I am glad to have made it here and feel honored to be accepted as part of the community. With friends like you guys and the rest of our community

IT IS AS IF i AM SITTING ON MY DAD'S SHOULDERS...ABLE TO SEE MUCH FARTHER THAN EVER BEFORE

:) :) :)

TOAST: I want to vote for you but I don't know where to find you and although I blindly trust in your skills (your posts do support your credibility) I would like to know so much more about you in terms of your delegate-ablility... see thread

I ask myself "who are these people and what are they representing for my benefit"

EDIT: should have read the OP !

[Stan]

No. 3I will go away and they'll all get paid by the blockchain.

So why are we not burning the AGS funds first before we start 100% pay delegates? There is still $millions in AGS remaining right?

This.

Relevant. I thought Stan was behind me on this? What happened?

AGS funds are MOST effective NOW.
Delegate-pay is LEAST effective NOW.
AGS funds can be used to increase our market cap.
When the market cap is larger, dilution-pay is MOST effective.
When the market cap is larger, the inflationary effects of dilution-pay are MUCH LESS

Having I3 devs become delegates effectively does not 'add capital' to the ecosystem, since the capital behind AGS was assumed to be fueling these devs, and this value was assumed to be behind BTS and is thus priced in.

As long as the AGS funds are above $0, any delegates that would have been payed by AGS funds are unnecessarily and irresponsibly inflating BTS.

Stan, our resident rocket scientist: what happened to my rocket analogy that you loved so much?

Ohhhh, this is going to be fun!  :)

Your rocket analogy is perfect.  Let's extend the metaphor...

Have you ever looked at the thrust profile of a model rocket solid fuel booster engine?  (Everybody should at least once.)

Let's just focus on the blue profile for the C6 engine.  Note that for the first half second it jumps to about double its average thrust (14 Newtons) then throttles back to 7 Newtons for the remainder of its two-second burn time.  This is not an accident.  The cross section of the powder in the engine is designed with a conical shape to get more surface area burning all at once for greater initial thrust.  This gives the rocket a quick kick to accelerate against the friction of its launch rail and get air moving over its stabilizing fins.  Once clear of the rail, it throttles back to sustained thrust as the powder cone's surface area flattens out and continues to accelerate until time for the second stage to take over - at which point a lot of dead weight is jettisoned with the spent first stage.

The space shuttle's engines actually have to throttle back halfway through the ascent as the product of air density and speed creates the maximum dynamic pressure (max-Q) that the vehicle can stand.  Once the air starts to thin out they are "go for throttle up".

The point is, engineers had to design the burn rate of the fuel to take many factors into account.

We have to do the same thing. In our case, the factors are (1) the "drag profile" of American tax law and (2) what risks the engineering team are willing to take.

Simply put:  American tax law requires that all fuel in the first stage be burned by the end of the year or 35% of the fuel will be seized and unavailable to achieve orbit.

So we design our burn rate to meet those entirely artificial, but very real, fiscal engineering constraints.

After December, the only thrust available will be about 1/4 of the thrust necessary to sustain life for the engineering team.  We will be relying on the momentum from those year end bonuses to carry us to a point where the delegate salaries can fulfill that role.  This is a significant risk for engineers who will have to make rent payments and buy pizzas for an unknown number of months during a flight phase I'll call "minimum thrust".  Once we get the market cap up to 4x, we are "go for throttle up".

You can think of I3 as a booster stage.  By January it will be nothing but spent dead weight.

:)

BitShares developers jettison their I3 ship
Rely on space suit life support.

[toast]

I want to wait for I3 to finalize everything and get a stamp of approval from accountants / lawyers before what I say I *think* is going to happen. But even in the best case scenario where everything goes well for me, I think I would still be able to justify getting a quarter salary from dilution.

Until I can please everyone, you get a one-liner because I think there's enough stakeholders that trust me to just go with it.

[fluxer555]

AGS was also no strings. They could go buy sports cars with the remaining funds 8)

No strings legally, but in terms of community trust and stakeholder confidence, they bear many strings.

[Riverhead]

Someone of Toast's skills would get picked up by the likes of Google in a heart beat for much more money. I say give the man what he's asking for.

AGS was also no strings. They could go buy sports cars with the remaining funds 8)

Sent from my SM-G900T using Tapatalk

[fluxer555]

The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

So you have loads of BTS given to you from AGS funds, and you want more from shareholders so you don't have to spend it, and rake in maximum spoils later?

(Please don't misinterpret my tone- I just think these questions need answers)

Yes, like an early-stage startup employee. You don't have to approve it, looks like BM has not voted with the remaining AGS funds so this is totally up to normal stakeholders.

Ok, but can we at least have some transparency here? How much BTS did each dev get from AGS funds? Maybe these funds should be vested and/or earned based on market-cap or general accomplishments? Does each dev hold the private keys for these funds? What if one dev wants to leave, do they get to keep this lump-sum from AGS?

This stuff should have been up-front along with this delegate bid. You are essential to the future of BTS, however a one-line bid does not set a good precedent.

[toast]

The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

So you have loads of BTS given to you from AGS funds, and you want more from shareholders so you don't have to spend it, and rake in maximum spoils later?

(Please don't misinterpret my tone- I just think these questions need answers)

Yes, like an early-stage startup employee. You don't have to approve it, looks like BM has not voted with the remaining AGS funds so this is totally up to normal stakeholders.

[spartako]

Voted for you!

[fluxer555]

The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

So you have loads of BTS given to you from AGS funds, and you want more from shareholders so you don't have to spend it, and rake in maximum spoils later?

(Please don't misinterpret my tone- I just think these questions need answers)

How about asking what the maximum amount delegates will take in bitUSD ?

At least this way he'll be hanging around working on BTS until it hits one end or the other of the success spectrum.  Wouldn't you rather have highly incentivized devs?

Sure, within a reasonable limit. There just seems to be a contradiction in what he said:

The AGS funds will all be spent ... salary for us is not a part of it.

and

Some devs got lump sums of BTS

Basically he said that AGS funds are not being spent on devs, but devs got AGS funds in the form of BTS. What?

The point is, whether AGS is in the form of BTS or not, this money should be used to LAUNCH our market cap to the point where dilution pay is more effective. Still waiting for Stan to comment.

[gamey]

The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

So you have loads of BTS given to you from AGS funds, and you want more from shareholders so you don't have to spend it, and rake in maximum spoils later?

(Please don't misinterpret my tone- I just think these questions need answers)

How about asking what the maximum amount delegates will take in bitUSD ?

At least this way he'll be hanging around working on BTS until it hits one end or the other of the success spectrum.  Wouldn't you rather have highly incentivized devs?

[kokojie]

The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

Can you share what/where will the AGS fund be spent on?

[fluxer555]

The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

So you have loads of BTS given to you from AGS funds, and you want more from shareholders so you don't have to spend it, and rake in maximum spoils later?

(Please don't misinterpret my tone- I just think these questions need answers)

[toast]

The AGS funds will all be spent before january and salary for us is not a part of it. Some devs got lump sums of BTS but that is our golden goose and we don't want to spend it all to survive the next few months.

[fluxer555]

No. 3I will go away and they'll all get paid by the blockchain.

So why are we not burning the AGS funds first before we start 100% pay delegates? There is still $millions in AGS remaining right?

This.

Relevant. I thought Stan was behind me on this? What happened?

AGS funds are MOST effective NOW.
Delegate-pay is LEAST effective NOW.
AGS funds can be used to increase our market cap.
When the market cap is larger, dilution-pay is MOST effective.
When the market cap is larger, the inflationary effects of dilution-pay are MUCH LESS

Having I3 devs become delegates effectively does not 'add capital' to the ecosystem, since the capital behind AGS was assumed to be fueling these devs, and this value was assumed to be behind BTS and is thus priced in.

As long as the AGS funds are above $0, any delegates that would have been payed by AGS funds are unnecessarily and irresponsibly inflating BTS.

Stan, our resident rocket scientist: what happened to my rocket analogy that you loved so much?

[cgafeng]

 +5%you have my vote.

[Riverhead]

Not sure, there's a Google doc with the ledger. Don't have the link right now.

Sent from my SM-G900T using Tapatalk

[speedy]

No. 3I will go away and they'll all get paid by the blockchain.

So why are we not burning the AGS funds first before we start 100% pay delegates? There is still $millions in AGS remaining right?

[Riverhead]

Toast works on issues as they come up and is generally helping with development tasks.   So his plans are not well defined but clearly he can be trusted to use his time wisely.

Doesn't I3 pay him for his work?

No. 3I will go away and they'll all get paid by the blockchain.

Sent from my SM-G900T using Tapatalk

[abit]

Toast works on issues as they come up and is generally helping with development tasks.   So his plans are not well defined but clearly he can be trusted to use his time wisely.

Doesn't I3 pay him for his work?

[xeroc]

+5%

[cass]

https://bitsharestalk.org/index.php?topic=11370.msg149705#msg149705

hope this helps a bit to simplify the voting process directly out of forum

[emailtooaj]

 +5%

[BTSdac]

I will vote you after work

[laow]

 +5%  Voted.

[myhometalk]

You are having my VOTE +5% +5% +5%

[cass]

done

[alt]

great, you have my vote

[Riverhead]

Ironically when I tried to update my vote for you the client core dumped and won't start lol. I'll reset the database and try again. I wasn't running it in a debugger so not sure if I can provide anything useful as to the cause.

Sent from my SM-G900T using Tapatalk

That happened to me too, there's a fix in master for it already so I ended up using that. Without it I was unable to restart the client.

Thanks, I'll give that a shot. I restarted the client in gdb but I guess that's not needed now :).

[svk]

Ironically when I tried to update my vote for you the client core dumped and won't start lol. I'll reset the database and try again. I wasn't running it in a debugger so not sure if I can provide anything useful as to the cause.

Sent from my SM-G900T using Tapatalk

That happened to me too, there's a fix in master for it already so I ended up using that. Without it I was unable to restart the client.

[Riverhead]

Ironically when I tried to update my vote for you the client core dumped and won't start lol. I'll reset the database and try again. I wasn't running it in a debugger so not sure if I can provide anything useful as to the cause.

Sent from my SM-G900T using Tapatalk

[vegolino]

Voted  :)   +5%

[clayop]

 +5%

Voted, and I will encourage Korean members to vote for good and diligent delegates.

[svk]

You've got my vote.

On a slightly different note... What are the new rules surrounding delegate registration? I heard someone mention it costs 60,000 BTS now.

Yep, 59,881.19 BTS to be precise for a 100% delegate. I suppose a 50% delegate will cost half that etc.

[Method-X]

You've got my vote.

On a slightly different note... What are the new rules surrounding delegate registration? I heard someone mention it costs 60,000 BTS now.

[svk]

You've got my vote as well,  +5%

[ticklebiscuit]

Eat steak toast
And build bitmarket a porn DAC While you are at it.

[cube]

You have my vote for sure :)

[Riverhead]

Good deal. Has my vote.

Sent from my SM-G900T using Tapatalk

[bytemaster]

Toast works on issues as they come up and is generally helping with development tasks.   So his plans are not well defined but clearly he can be trusted to use his time wisely.

[hpenvy]

Toast you have been one of the most important pieces of the development team for quite awhile and so you should be a 100% delegate in my opinion. However, Dan and others have asked other delegates wanting higher than 3% their specific action plans and development objectives. So with that said, can you clue us in on yours?

+5%

[liondani]

you have my votes the next days

[mint chocolate chip]

Toast you have been one of the most important pieces of the development team for quite awhile and so you should be a 100% delegate in my opinion. However, Dan and others have asked other delegates wanting higher than 3% their specific action plans and development objectives. So with that said, can you clue us in on yours?

[islandking]

What are the current plans on enabling voting with cold storage balances?

+5% I would also like to know this. ^^

[bobmaloney]

What are the current plans on enabling voting with cold storage balances?

[Gentso1]

Now would be a good time for everyone to take a few mins and update their voting.

[feedthemcake]

voted

[matt608]

Sadly because bitshares doesn't work on my old Macos 10.6.8 I can't access my BTS on my normal machine, which means I have to store them a different one, so I can't vote as often as I otherwise would.  I'll vote for you as soon as I get the chance next week...

[toast]

dev0.nikolai

What's stopping you? Maybe I can address it.