OpenLedger propose Bitshares 3.0 enhancements (NEW)

[R]

I remember that CoinHoarder use to be supporter of BTS.
What happened?   :)

Meh, kind of a lot of reasons.

- I realized the Larimers are greedy when they stopped sharedropping PTS/AGS, due to the stuff with the Bitshares DAC mergers, and how the Steem project started.
- I disagreed with the lack of development (pretty much only GUI work done since Dan left)
- I felt like my opinions and ideas weren't taken seriously by the community.
- I realized there are better designed DEXs that will eventually come to fruition that don't use IOUs or derivatives.
- Tether kicked bitUSD's butt.
- The proliferation of Bitshares vaporware fork scams that never seem to come to fuition (or at least to their full potential) by "community" members.

Even with all that stuff, I still root for Bitshares because I was such an avid supporter in its beginning. Some people bought BTS because of my advice, so I want Bitshares to succeed. I just dont own any anymore. I have always been a Bitshares supporter, but I am more honest and blunt than most, so my posts may not come off that way.

Am I the only one here that thinks tether usd has become total scam ?

Tether has zero proven backing collateral, and is centrally issued. I'd avoid it at all costs.

[lakerta06]

I remember that CoinHoarder use to be supporter of BTS.
What happened?   :)

Meh, kind of a lot of reasons.

- I realized the Larimers are greedy when they stopped sharedropping PTS/AGS, due to the stuff with the Bitshares DAC mergers, and how the Steem project started.
- I disagreed with the lack of development (pretty much only GUI work done since Dan left)
- I felt like my opinions and ideas weren't taken seriously by the community.
- I realized there are better designed DEXs that will eventually come to fruition that don't use IOUs or derivatives.
- Tether kicked bitUSD's butt.
- The proliferation of Bitshares vaporware fork scams that never seem to come to fuition (or at least to their full potential) by "community" members.

Even with all that stuff, I still root for Bitshares because I was such an avid supporter in its beginning. Some people bought BTS because of my advice, so I want Bitshares to succeed. I just dont own any anymore. I have always been a Bitshares supporter, but I am more honest and blunt than most, so my posts may not come off that way.

Am I the only one here that thinks tether usd has become total scam ?

[abit]

Can someone explain why do we need the witnesses to be cosigners of the btc wallet? Can't it be just coded into the core that if  the withdrawal request is made and the wallet holds requested amount of btc then approve the transaction? Then the blockchain itself (the trusty robots, as Stan calls it) is in control and the changes in witnesses are irrelevant.

The blockchain can not hold private keys of BTC deposit addresses.

[abit]

If you don't believe in BitShares' future, just dump (if you still have some) and leave, no need to waste time here.

I have a moral obligation to help Bitshares succeed to the individuals whom I suggested that they invest into Bitshares. I was effectively Bitshare's unpaid Bitcointalk.org ambassador for several years.

If you guys want to ban me from these forums for posting my opinions and ideas no matter if they are popular or not- then so be it. But until then...

More constructional opinions / works may help. Complaining and/or blaming doesn't help.

[abit]

@ivandev I think the Auto-Bridging feature makes more sense for the system.
Related links:
https://bitsharestalk.org/index.php/topic,15118.msg195232.html
https://bitsharestalk.org/index.php/topic,21781.msg283706.html
https://bitsharestalk.org/index.php/topic,19340.msg248329.html

Currently due to lack of this feature, individual market depth seems a bit low, in the meanwhile there are several bots doing triangular arbitrage.

I started a BSIP for it (https://github.com/bitshares/bsips/issues/45), hope we can get some progress.

[Ravid]

Can someone explain why do we need the witnesses to be cosigners of the btc wallet? Can't it be just coded into the core that if  the withdrawal request is made and the wallet holds requested amount of btc then approve the transaction? Then the blockchain itself (the trusty robots, as Stan calls it) is in control and the changes in witnesses are irrelevant.

[CoinHoarder]

If you don't believe in BitShares' future, just dump (if you still have some) and leave, no need to waste time here.

I have a moral obligation to help Bitshares succeed to the individuals whom I suggested that they invest into Bitshares. I was effectively Bitshare's unpaid Bitcointalk.org ambassador for several years.

If you guys want to ban me from these forums for posting my opinions and ideas no matter if they are popular or not- then so be it. But until then...

[abit]

If you don't believe in BitShares' future, just dump (if you still have some) and leave, no need to waste time here.

This is a beauty of this platform: event if I don't believe in BTS token future, I can still use this platform. It does not require trust or believes at all. You screwed bitCNY, I dumped them, but I still trade a lot of $$ per day on btsbots in many available assets. And I don't even need to touch BTS tokens to use this exchange (except for tiny fees). This is incredible system, which gives a lot of freedom. It just needs some flaws to be fixed to become a true mega exchange.

Nice. But it's off-topic.

[abit]

@CoinHoarder

Wouldn't BTS (along with other chains) migrating to EOS solve all the issues you point out?  2018 should start to see real businesses building real APPS on existing chains, just like virtual machines on the same hardware.  EOS can make this a reality.

IMHO BTS just won't "migrate" just because EOS is "better". Think why Windows XP has been used by many businesses for 10+ years, and then Windows 7 has been used by many businesses for another 10+ years.

[Brekyrself]

@CoinHoarder

Wouldn't BTS (along with other chains) migrating to EOS solve all the issues you point out?  2018 should start to see real businesses building real APPS on existing chains, just like virtual machines on the same hardware.  EOS can make this a reality.

[yvv]

If you don't believe in BitShares' future, just dump (if you still have some) and leave, no need to waste time here.

This is a beauty of this platform: event if I don't believe in BTS token future, I can still use this platform. It does not require trust or believes at all. You screwed bitCNY, I dumped them, but I still trade a lot of $$ per day on btsbots in many available assets. And I don't even need to touch BTS tokens to use this exchange (except for tiny fees). This is incredible system, which gives a lot of freedom. It just needs some flaws to be fixed to become a true mega exchange.
 

[abit]

Multi-signature IOU gateways for DEXs are so 2016... these already exist on Waves, Komodo, Supernet, etc., and have existed for some time now. It is nothing new and will be outdated implementations soon. They are technically still IOUs like OPEN.BTC and counterparty risk still exists if the majority of signers are compromised or collude. By the time you develop such a product, better solutions will have arisen.

Look closer at Atomic Swaps (no IOUs, derivatives, or counterparty risk). They are coming to fruition soon in 2018. There have been several successful atomic swaps done in both development and live blockchain environments by many blockchain projects. The only thing that is missing is a good GUI, which is relatively easy to code...
https://twitter.com/SatoshiLite/status/911328252928643072
https://blog.decred.org/2017/09/20/On-Chain-Atomic-Swaps/
All Lightning Network implementations are working on Atomic Swaps (at least 3): https://lightning.engineering/ & https://blockstream.com/ & https://acinq.co/

DEXs in development that will leverage Atomic Swaps:
https://www.altcoin.io/
http://barterdex.supernet.org/
https://blocknet.co/

Anyone that is informed in the crypto space knows this is the direction DEXs are heading. Not only DEXs, but interoperability will go mainstream in 2018/2019 rending crypto IOUs (OPEN.BTC) and derivatives (bitBTC) useless and not worth the risk (unless perhaps interest from trading fees is brought back to the Smart Coins... but that probably won't save them anyways... and I digress). Get ya'lls head out of the sand before you get buried!

That said, Atomic Swapping is actually a competitor of BitShares.
Ivan has clearly explained in last post (end of last page).
If you don't believe in BitShares' future, just dump (if you still have some) and leave, no need to waste time here.

[fav]

- Tether kicked bitUSD's butt.

time to log out my dude

[yvv]

Multi-signature IOU gateways for DEXs are so 2016... these already exist on Waves, Komodo, Supernet, etc., and have existed for some time now. It is nothing new and will be outdated implementations soon. They are technically still IOUs like OPEN.BTC and counterparty risk still exists if the majority of signers are compromised or collude. By the time you develop such a product, better solutions will have arisen.

Look closer at Atomic Swaps (no IOUs, derivatives, or counterparty risk). They are coming to fruition soon in 2018. There have been several successful atomic swaps done in both development and live blockchain environments by many blockchain projects. The only thing that is missing is a good GUI, which is relatively easy to code...
https://twitter.com/SatoshiLite/status/911328252928643072
https://blog.decred.org/2017/09/20/On-Chain-Atomic-Swaps/
All Lightning Network implementations are working on Atomic Swaps (at least 3): https://lightning.engineering/ & https://blockstream.com/ & https://acinq.co/

DEXs in development that will leverage Atomic Swaps:
https://www.altcoin.io/
http://barterdex.supernet.org/
https://blocknet.co/

Anyone that is informed in the crypto space knows this is the direction DEXs are heading. Not only DEXs, but interoperability will go mainstream in 2018/2019 rending crypto IOUs (OPEN.BTC) and derivatives (bitBTC) useless and not worth the risk (unless perhaps interest from trading fees is brought back to the Smart Coins... but that probably won't save them anyways... and I digress). Get ya'lls head out of the sand before you get buried!

Good review, thanks.

[CoinHoarder]

I remember that CoinHoarder use to be supporter of BTS.
What happened?   :)

Meh, kind of a lot of reasons.

- I realized the Larimers are greedy when they stopped sharedropping PTS/AGS, due to the stuff with the Bitshares DAC mergers, and how the Steem project started.
- I disagreed with the lack of development (pretty much only GUI work done since Dan left)
- I felt like my opinions and ideas weren't taken seriously by the community.
- I realized there are better designed DEXs that will eventually come to fruition that don't use IOUs or derivatives.
- Tether kicked bitUSD's butt.
- The proliferation of Bitshares vaporware fork scams that never seem to come to fuition (or at least to their full potential) by "community" members.

Even with all that stuff, I still root for Bitshares because I was such an avid supporter in its beginning. Some people bought BTS because of my advice, so I want Bitshares to succeed. I just dont own any anymore. I have always been a Bitshares supporter, but I am more honest and blunt than most, so my posts may not come off that way.