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Offline lafona

delegate-1.lafona Simple 1% delegate
« on: November 19, 2014, 01:53:15 PM »

Hi Everyone,

I just wanted to update that the 1% delegate with feeds is up and running. I have confirmed that feeds are being published for BTC CNY EUR GOLD SILVER USD. Feel free to check it out with
blockchain_get_feeds_from_delegate delegate-1.lafona

If you want to do something about the low feed publishing, I would be happy to have your vote.

OP:
I would like to announce my new 1% delegate delegate-1.lafona. As this is my first delegate I though it would be appropriate if I kept the pay rate low. I am really excited about the potential of this project and this community and I hope I can contribute by offering a more economic alternative. My plan would be to run the 1% delegate for at least a month or so until I am confident I can provide acceptable service(good reliability & price feeds). At such point that I am confident, I would like to replace it with slightly higher paid delegate(2 or 3% or whatever is a reasonable rate at that time).
In summary I hope you will support me in reducing pay for the system and adding another delegate with price feeds(which I would like to have up and running by next week). If you have any questions or concerns, please feel free to ask.

Benefits to System
Publish price feeds (Currently ~30 delegates without price feeds)
Reduce Cost(Will save 66% if it replaces a 3%, more when you count the fees for publishing the feeds)
Diversify Delegate Team(Currently 11 init delegates still up)
« Last Edit: December 10, 2014, 04:43:10 PM by lafona »
BTS Witnesses: delegate-1.lafona     Thread: https://bitsharestalk.org/index.php/topic,21569.msg280911/topicseen.html#msg280911
MUSE Witness: delegate-1.lafona
Witness information: https://github.com/lafona/delegate-1.lafona

Offline cass

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Re: delegate-1.lafona Simple 1% delegate
« Reply #1 on: November 19, 2014, 01:58:28 PM »
what are you planning to contribute to the BTS ecosystem .. pls go a bit more deeper...
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Offline lafona

Re: delegate-1.lafona Simple 1% delegate
« Reply #2 on: November 19, 2014, 02:26:05 PM »
Initially my contribution would be the delegate. I know this sounds silly as it is technically paid, but my thought was another delegate with price feeds would be worth 1%. I imagine as more and more people come up with great ideas and higher paid delegates it would get voted out, but in the meantime it would provide added robustness(by having the extra price feeds) at a relatively low cost.
BTS Witnesses: delegate-1.lafona     Thread: https://bitsharestalk.org/index.php/topic,21569.msg280911/topicseen.html#msg280911
MUSE Witness: delegate-1.lafona
Witness information: https://github.com/lafona/delegate-1.lafona

Offline xeroc

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Re: delegate-1.lafona Simple 1% delegate
« Reply #3 on: November 19, 2014, 02:33:28 PM »
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline lafona

BTS Witnesses: delegate-1.lafona     Thread: https://bitsharestalk.org/index.php/topic,21569.msg280911/topicseen.html#msg280911
MUSE Witness: delegate-1.lafona
Witness information: https://github.com/lafona/delegate-1.lafona

Offline lakerta06

Re: delegate-1.lafona Simple 1% delegate
« Reply #5 on: November 19, 2014, 03:08:44 PM »
A 1% delegate with no additional value is better than a 3% delegate with no additional value.

So given the current state of delegates, this is an improvement.
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Offline xeroc

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Re: delegate-1.lafona Simple 1% delegate
« Reply #6 on: November 19, 2014, 03:14:29 PM »
Especially considering the amount of INIT delegates still active ..
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Offline lafona

Re: delegate-1.lafona Simple 1% delegate
« Reply #7 on: November 19, 2014, 03:23:54 PM »
Exactly, initially the value would come primarily from the reduced price. Once I get the feeds up and running then value would come from additional service as well(as quite a few delegates are still not posting feeds). Additionally one could argue that an increase delegate diversity(if an init is replaced) could be added value, once my reliability has been established.
BTS Witnesses: delegate-1.lafona     Thread: https://bitsharestalk.org/index.php/topic,21569.msg280911/topicseen.html#msg280911
MUSE Witness: delegate-1.lafona
Witness information: https://github.com/lafona/delegate-1.lafona

Offline Riverhead

Re: delegate-1.lafona Simple 1% delegate
« Reply #8 on: November 19, 2014, 03:45:05 PM »
You'll get my vote. You could also do 3% with a 2% proof of burn. That would leave you some margin to increase revenue if needed.

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Offline lafona

Re: delegate-1.lafona Simple 1% delegate
« Reply #9 on: November 27, 2014, 12:59:14 AM »
You'll get my vote. You could also do 3% with a 2% proof of burn. That would leave you some margin to increase revenue if needed.

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That is a good point. Although would it be harder to get an accurate vote on my pay increase if it doesn't involve switching one delegate for another?

On a side note. The feed script is ready to go, should I get voted in. I plan to post feeds for CNY USD BTC EUR and GOLD.
BTS Witnesses: delegate-1.lafona     Thread: https://bitsharestalk.org/index.php/topic,21569.msg280911/topicseen.html#msg280911
MUSE Witness: delegate-1.lafona
Witness information: https://github.com/lafona/delegate-1.lafona

Offline onceuponatime

Re: delegate-1.lafona Simple 1% delegate
« Reply #10 on: November 27, 2014, 01:23:22 AM »
You'll get my vote. You could also do 3% with a 2% proof of burn. That would leave you some margin to increase revenue if needed.

Sent from my SM-G900T using Tapatalk


That is a good point. Although would it be harder to get an accurate vote on my pay increase if it doesn't involve switching one delegate for another?

On a side note. The feed script is ready to go, should I get voted in. I plan to post feeds for CNY USD BTC EUR and GOLD.

Would you please add bitSILVER?  I will vote for you.

Offline lafona

Re: delegate-1.lafona Simple 1% delegate
« Reply #11 on: November 27, 2014, 02:20:25 AM »
bitSILVER should be all set.
BTS Witnesses: delegate-1.lafona     Thread: https://bitsharestalk.org/index.php/topic,21569.msg280911/topicseen.html#msg280911
MUSE Witness: delegate-1.lafona
Witness information: https://github.com/lafona/delegate-1.lafona

 

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