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Offline iHashFury


Go Bitshares.

I think I should go on holidays more often. A lot has happened  :) - I was only keeping an eye on the servers but

Bitshares is up 36%   :D
On ramps                    +5%
Minebitshares              +5%

Loads more reading to do to catch up.
« Last Edit: May 30, 2015, 01:08:47 PM by iHashFury »
"If you owe a bank thousands, you have a problem; owe a bank millions, the bank has a problem" ;)

Offline Permie

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Re: Had a weeks holiday - So much has happend and it all good
« Reply #1 on: May 29, 2015, 10:52:06 PM »
Here's a quick summary:
Fiat:BitAsset gateway confirmed.
1 second block confirmations coming.
Faster reindexing of the chain (?). Basically full nodes will be much more efficient.
Minebitshares are asking for 6 delegate positions to attract miners to the bitshares ecosystem.

Delegates will be seperated into 3 different roles:
1 - Witnesses to run the 101 full nodes.
2 - Workers present proposals to the shareholders and bid for contracts.
3 - Delegates provide price feeds and other oracle duties.

Announcements scheduled throughout June, starting on the 8th.
Full documentation to be released in June.
Changes to the MPA (Market Pegged Assets) system are due to change after community discussion about the upcoming announcements.
Community members are concerned about delegate and worker accountability and have proposed methods to address this. (#BlockchainHR).
Jim Willie, a prominent goldbug, had a very entertaining interview with fuzzy on the second 'Bonus Hangout'. Most dev hangouts get about 500 plays. Jim has brought 25,000 of his fans with him in the 10 days since release! The beyond bitcoin team have looked at the play-stats and many of the new viewers that came with Jim stayed and listened to several BitShares specific hangouts! More Bonus hangouts to come.

That's most of what's happened over the past few weeks, as I understand it!
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline mangou007

Re: Had a weeks holiday - So much has happend and it all good
« Reply #2 on: May 29, 2015, 11:05:06 PM »
Here's a quick summary:
Fiat:BitAsset gateway confirmed.
1 second block confirmations coming.
Faster reindexing of the chain (?). Basically full nodes will be much more efficient.
Minebitshares are asking for 6 delegate positions to attract miners to the bitshares ecosystem.

Delegates will be seperated into 3 different roles:
1 - Witnesses to run the 101 full nodes.
2 - Workers present proposals to the shareholders and bid for contracts.
3 - Delegates provide price feeds and other oracle duties.

Announcements scheduled throughout June, starting on the 8th.
Full documentation to be released in June.
Changes to the MPA (Market Pegged Assets) system are due to change after community discussion about the upcoming announcements.
Community members are concerned about delegate and worker accountability and have proposed methods to address this. (#BlockchainHR).
Jim Willie, a prominent goldbug, had a very entertaining interview with fuzzy on the second 'Bonus Hangout'. Most dev hangouts get about 500 plays. Jim has brought 25,000 of his fans with him in the 10 days since release! The beyond bitcoin team have looked at the play-stats and many of the new viewers that came with Jim stayed and listened to several BitShares specific hangouts! More Bonus hangouts to come.

That's most of what's happened over the past few weeks, as I understand it!

Could not have done it better :)
Welcome back!
Oh and by the way... In case not much happen next week... Can you go back on holidays?  :D
BitShares French ConneXion, le portail francophone de BitShares
BitShares French ConneXion, the BitShares French gateway
www.bitsharesfcx.com

Offline Permie

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Re: Had a weeks holiday - So much has happend and it all good
« Reply #3 on: May 30, 2015, 10:54:51 AM »
BM said on yesterdays dev hangout that the new system can process 100,000 transactions per second!
Roughly the transaction volume of Visa and NASDAQ combined :)

BM explains that the bottleneck in blockchain transaction speed is in adjusting the state of the chain AFTER transactions have had their signatures and order verified.
In DPOS 2.0 the two systems have been separated to run in parallel  to optimize performance.
The first step of verifying signatures and ordering the transaction list can be performed by clusters of regular non-witness nodes surrounding one of the 101 witnesses as the transactions propagate across the network.
The witness nodes then receive the ordered list of transactions ready for immediate processing into a block at a rate of 100,000 per 1 second block! Used similar concepts to "LMAX exchange" but put built them into a blockchain.
Potential to reach 1,000,000 transactions per second after optimization.

There are solutions to BitShares voting that are completely private.
BM discusses a move away from stealth addresses as they only provide the ILLUSION of privacy due to timing attacks and transaction output analysis.
Privacy isn't free and must be paid for in computational power or time and effort.
The 100k/s transaction volume is only achievable by cutting out the extra processing power required for stealth addresses.
BM is researching new ways to add privacy to the blockchain but for now wants to encourage users to take control of their own privacy. Everything on the blockchain will be visible to everyone and users decide for themselves how they manage their privacy.
A false sense of security and the imperfect privacy guarantees given by stealth addresses at the protocol level could do more harm than good - and are also a major inefficiency.

BM talks about this race being a marathon and strategically laying the groundwork to build a robust system with an easy to use user interface so that BitShares is ready to go viral.
Mass market the product once its 100% ready and not before.
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline iHashFury

Re: Had a weeks holiday - So much has happend and it all good
« Reply #4 on: May 30, 2015, 12:17:25 PM »
Thank you all for the summary  +5%

Next holiday I will probably short more bit assets and cover as soon as I'm back   (top tip) :P
"If you owe a bank thousands, you have a problem; owe a bank millions, the bank has a problem" ;)

 

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