Author Topic: Proxy: fav - Journal  (Read 88798 times)

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Offline Brekyrself

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voting for BSIP18 worker proposal.




* join us on Discord: http://smarturl.it/btsdiscord *

Looks like you removed your votes for this bsip? 

Offline fav

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@startail could you join our discord? https://discord.gg/GsjQfAJ I'll verify you as witness there

Offline startail

voting for witness @startail - seems very active and participating.

I thank you for your vote in confidence. I will do my best and stay as active as possible. As I mentioned in my post, I think a witness should stay active and visible in the crowd, and that's what I intend to do. I do some coding as well, making smaller help scripts here and there. But just being out there is what I try to do more.

I'd appreciate any and all votes on my witness 'sc-ol', http://cryptofresh.com/u/sc-ol.

Offline fav

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voting for witness @startail - seems very active and participating.

as for the new 2 worker proposals, here's my opinion & I'm NOT voting for any.

Compliance: https://bitsharestalk.org/index.php/topic,25144.msg311604.html#msg311604

Spokesperson: https://bitsharestalk.org/index.php/topic,25143.msg311602.html#msg311602

Offline sahkan

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removed vote for OL, as they failed to maintain proper price feeds.

added @sahkan witness instead
Thank you for the vote of confidence. I hope OL will get everything corrected soon and get back to active witnessing though.

Offline fav

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removed vote for OL, as they failed to maintain proper price feeds.

added @sahkan witness instead

Offline pc

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Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 http://bitcoin.quisquis.de

Offline fav

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voting for BSIP18 worker proposal.




* join us on Discord: http://smarturl.it/btsdiscord *

Offline fav

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Offline Thom

So should exchanges start voting as well?
I have already tried reaching them.
For exchanges, I would actually recommend they delegate their voting power to a proxy that is maintained by a group of trusted individuals and owned by the committee.
That way, the exchanges do need to do politices, the stake could still vote and the shareholders have ultimate control over the voting power

Why would we want to solicit that anyway? I disagree that stake that doesn't vote is "bad stake" when it comes to exchanges. Unless exchanges explicitly disclose their intentions to BTS stakeholders with stake on their exchange about how they intend to vote and give them notice to move their stake if they don't like it, THEN the exchange is misrepresenting those stakeholders. They are aggregating their power to the interests of the exchange not the BTS stakeholders.

We've discussed exchange voting before and IIRC the general consensus is was to consider it a potential problem and contrary to decentralization. It's not the same as proxies, b/c stakeholders can switch their proxy themselves on a dime. Without accountability of exchanges to BTS stakeholders who hold their stake on their exchange, it is centralized and unhealthy for personal freedom.

One could well argue that such stakeholders relinquish their control by using centralized exchanges, and I agree. But should we encourage the legitimacy of this centralization? I think not. Unfortunately we can't control what exchanges do either.

The issue is similar to explaining to people why centralized banking is not in their best interests and convincing them to get out and seek alternatives like digital currencies that support individual freedom and safety from bailins. It's simply a hard nut to crack.

My question to @xeroc is in what way did you reach out to exchanges and what did you suggest to them?
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline Permie

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So should exchanges start voting as well?
I have already tried reaching them.
For exchanges, I would actually recommend they delegate their voting power to a proxy that is maintained by a group of trusted individuals and owned by the committee.
That way, the exchanges do need to do politices, the stake could still vote and the shareholders have ultimate control over the voting power

How are you suggesting the committee will be able to accurately reflect the will of the shareholders?

A proportional vote across all current witnesses that are up-for-election could ensure that voting stake is used, but the overall effect of the vote would be exactly neutral to the shareholder vote.
(I'm a bit rusty on the mechanics of voting so this might be based on faulty understanding)

Not all shareholders want to vote for the same things.
How can you use the stake to vote for what the shareholders want?
Vote for what 51% of shareholders want?

Could you also explain why non-voting stake is "bad stake"? I am willing to accept that it is, but I don't understand why currently.
I'm sure other shareholders don't either.

p.s Can anyone tell how many lurkers there are that read these forums as their due diligence before investing in BitShares? My point is that many people may be wanting to find information, but do not want to make an account. So I think it is a good idea to have quick explanations of what we are discussing and why and so forth. Lots/most of this information is available in the BitShares documentation, but having information feeds from all angles certainly doesn't hurt.

I would also suppose that doing a duckduckgo.com search for a specific question about BitShares would more likely lead to a post on this forum, rather than a page in the online official documentation.
I may be wrong.
e.g My post 2 years ago about paper wallet setup for BTS 1.0 is still the top hit for "paper wallet BitShares 2.0"
:)


(Sorry fav if this if your journal is the wrong place for this)
« Last Edit: May 15, 2017, 02:03:07 pm by Permie »
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline xeroc

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So should exchanges start voting as well?
I have already tried reaching them.
For exchanges, I would actually recommend they delegate their voting power to a proxy that is maintained by a group of trusted individuals and owned by the committee.
That way, the exchanges do need to do politices, the stake could still vote and the shareholders have ultimate control over the voting power

Offline paliboy

BTW Just noticed that escrow account has set its own proxy which perhaps shouldn't be: that BTS doesn't belong to them.
That's true ... but stake that doesn't vote is bad stake ..

So should exchanges start voting as well?

Offline xeroc

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BTW Just noticed that escrow account has set its own proxy which perhaps shouldn't be: that BTS doesn't belong to them.
That's true ... but stake that doesn't vote is bad stake ..
but if this becomes a problem, we can figure out something else ... but we'd need a multisig group for that kind of working aswell and that is additional efforts I spared ..

Offline nmywn

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@xeroc is paid with bitUSD.
https://bitsharestalk.org/index.php/topic,23770.0.html
http://cryptofresh.com/u/multisig-worker-2017-01

BTW Just noticed that escrow account has set its own proxy which perhaps shouldn't be: that BTS doesn't belong to them.
Quote
    Every thing that is not paid out after the end of the worker will be settled and returned to the reserve fund