Author Topic: Dry Run 9: [Block]Chain Hang Low (featuring guest performer: ~~BitUSD~~)  (Read 25612 times)

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Offline bytemaster

if it would be the original chain would really a delegate get back his money in 2 weeks?
No !  So on real conditions everybody would wait the fees to get reasonable.... and what would happen in the mean time with the network security with no delegate present?

Initial delegates are trustworthy and new delegates can sign up over the course of the first few days and the chain will be secure.   
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Offline muse-umum

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Which command will allow me to get some USD with my XTS ?

Offline bytemaster

Something needs to be done about delegate registration fees.

Code: [Select]
2014-07-15T18:16:37 544       bitcoiners          bitcoiners          0.00000 XTS           856,060.89468 XTS   register bitcoiners as a delegate       92fe4244

The registration fees are doing their job of rate-limiting delegate signup.   They are currently 4 million, and in an hour will be under 60K if no one else signs up and pays the huge price.    In 2 hours it will be under 6000 (assuming few fees are collected during that time).
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Offline liondani

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if it would be the original chain would really a delegate get back his money in 2 weeks?
No !  So on real conditions everybody would wait the fees to get reasonable.... and what would happen in the mean time with the network security with no delegate present?

Offline sfinder

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BM, did anyone spend 10M xts to register ? it look like network has 101 delegates now.  :-* :-* :-* :-*

how many people has more then 10 million XTS to become a delegate......?   it is insane
Quote
insufficient_funds: insufficient funds

    {"required":"9,418,195.82612 XTS","available":"9,315,232.83328 XTS"}

It is insane, but constantly falling...  since you posted it is already down to:   "delegate_reg_fee": "6,687,493.63941 XTS".  You can monitor this value by calling "config" on the CLI.
微博:星在飘我在找|BTS X 受托人delegate ID:baidu
中国教育书店合作将20%收入捐献给贫困山区学生。
Cooperating with China Education Bookstore and will donate 20% of delegate income to the poor students

Offline bitcoinerS

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Something needs to be done about delegate registration fees.

Code: [Select]
2014-07-15T18:16:37 544       bitcoiners          bitcoiners          0.00000 XTS           856,060.89468 XTS   register bitcoiners as a delegate       92fe4244
>>> approve bitcoiners

Offline emski

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With risk to repeat myself:
Why dont we have upper and lower bounds on the delegate registration fee.
As we have approval voting inplace there is no need for skyrocketing the delegate registration fee.
Any registered delegate still needs approval to stay elected.
There is no need to tie the registration fee with expected earnings.

Offline bytemaster

how many people has more then 10 million XTS to become a delegate......?   it is insane
Quote
insufficient_funds: insufficient funds

    {"required":"9,418,195.82612 XTS","available":"9,315,232.83328 XTS"}

It is insane, but constantly falling...  since you posted it is already down to:   "delegate_reg_fee": "6,687,493.63941 XTS".  You can monitor this value by calling "config" on the CLI.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline liondani

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20010 insufficient_funds: insufficient funds
"required":"936,261.18318 XTS"

lol


sent me some funds please, obviously only for market testing...

Code: [Select]
liondani (unlocked) >>> wallet_account_create liondani
"XTS7yMLAdUFEDdEjuyy75NncKP6N4LDf3SRrdxQEFa4nZLyVaHWaE"

Offline emski

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The fee is constantly increasing (so far).
There are less than 10 registered delegates.
Decentralisation ?

Offline sfinder

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how many people has more then 10 million XTS to become a delegate......?   it is insane
Quote
insufficient_funds: insufficient funds

    {"required":"9,418,195.82612 XTS","available":" XTS"}
« Last Edit: July 15, 2014, 06:26:41 pm by sfinder »
微博:星在飘我在找|BTS X 受托人delegate ID:baidu
中国教育书店合作将20%收入捐献给贫困山区学生。
Cooperating with China Education Bookstore and will donate 20% of delegate income to the poor students

Offline bytemaster

Guess in this run I won't register a delegate:

Required "456,475.97790 XTS"

 :'(

lol
have same concerns   :)

Dudes, you gotta build and register as fast as you can.

@toast,
Any manual or guide about how to test the market features ?

Guys... if you wait a bit the fee comes down quickly.    The new calculation for registration fee and delegate pay is as follows:
Code: [Select]
foreach block
    total_accumulated_fees += all_transactions_fees
    delegate_pay = (total_accumulated_fees / 101) * delegate_pay_rate_percent;
    total_accumulated_fees -= (total_accumulated_fees / 101)
    delegate_registration_fee = delegate_pay * blocks_per_week * 2 / 101

Effectively, the fee falls at 1% per block.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline bytemaster

Guess in this run I won't register a delegate:

Required "456,475.97790 XTS"

 :'(

lol
have same concerns   :)

Dudes, you gotta build and register as fast as you can.

@toast,
Any manual or guide about how to test the market features ?

Guys... if you wait a bit the fee comes down quickly.    The new calculation for registration fee and delegate pay is as follows:
Code: [Select]
foreach block
    total_accumulated_fees += all_transactions_fees
    delegate_pay = (total_accumulated_fees / 101) * delegate_pay_rate_percent;
    total_accumulated_fees -= (total_accumulated_fees / 101)
    delegate_registration_fee = delegate_pay * blocks_per_week * 2 / 101


For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Xeldal

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BAH! 10million is a bit much. lol

Quote
20010 insufficient_funds: insufficient funds

    {"required":"10,675,001.72123 XTS"

Offline emski

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20010 insufficient_funds: insufficient funds
"required":"936,261.18318 XTS"