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Offline unsoindovo

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BTSX for Dummies
« on: July 24, 2014, 05:43:03 PM »

can someone with a simple guide explain why i need to pay "Registering as a delegate costs extra: 14.38973 BTSX" to register as delegate?
What is the revenue when i'm registered as Delegate.
I'm able to get a POStake?
I just understand it is usefull for btsx mining and producing block?

And also.. how i can backup my BitShares X wallet?

i don't see classic wallet.dat under "AppData\Roaming\BitShares X" folder.

thank you in advice to every one who can explain better the situation with simple words a non english mother tongue!!!
« Last Edit: July 24, 2014, 06:01:29 PM by unsoindovo »

Offline raleit2014

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Re: BTSX for Dummies
« Reply #1 on: July 24, 2014, 05:46:35 PM »
also please describe the simple version of delegates and how they are used.

Offline bytemaster

Re: BTSX for Dummies
« Reply #2 on: July 24, 2014, 06:58:27 PM »
Some help here please :) 
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Offline santaclause102

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Re: BTSX for Dummies
« Reply #3 on: July 24, 2014, 07:25:21 PM »
we have a few local forums https://bitsharestalk.org/index.php?action=collapse;c=2;sa=expand;ce77fe2726=46c1b91734c074d9f19ddcce747987a1#c2

You can also use google translate to translate this: http://wiki.bitshares.org/index.php/Main_Page

You have to pay a fee for registering a delegate because if it would be free everyone could be a delegate -> To many choices for shareholders to vote = confusing.

DPOS (delegated proof of stake) works this way: Shareholders vote for delegates. The delegates that are among the top 101 delegates find blocks like bitcoin miners or NXT forgers. Delegates are paid for finding blocks through transaction fess.

It is difficult to become a delegate and at the moment you dont get much back so it doesnt make sense for most people.

Backup the wallet: https://bitsharestalk.org/index.php?topic=5874.0

Offline unsoindovo

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Re: BTSX for Dummies
« Reply #4 on: July 24, 2014, 07:45:32 PM »
find some like that

"Technology of Bitshares X
One of the most famed aspects of Bitshares X is the DPOS, or Delegated Proof of Stake. Delegated Proof of Stake is much like a voting system, users centralized their power to a limited number of 100 representatives. The top 100 delegates, by total votes, take turns generating blocks on a defined schedule. If they do not produce a block then their slot is skipped and the next delegate in line produces a block. All delegates receive pay equal to 10% of the transactions fees included in the average block. If the average block contains fees of 100 shares, a delegate will receive pay of 1 share."

if i'm not from 1 to 100 position i'm not able to generate block and i can't collect shares as reward.
So i think is not good to register as delegate.

..for now

Offline unsoindovo

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Re: BTSX for Dummies
« Reply #5 on: July 24, 2014, 08:00:03 PM »

Backup the wallet: https://bitsharestalk.org/index.php?topic=5874.0


oj.. just done..
but when i have my .json wallet backup file how to restore it?

thank you

Offline santaclause102

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Re: BTSX for Dummies
« Reply #6 on: July 24, 2014, 08:50:51 PM »

Backup the wallet: https://bitsharestalk.org/index.php?topic=5874.0


oj.. just done..
but when i have my .json wallet backup file how to restore it?

thank you
I dont know. I have never done that.

Offline toast

Re: BTSX for Dummies
« Reply #7 on: July 24, 2014, 08:53:57 PM »

Backup the wallet: https://bitsharestalk.org/index.php?topic=5874.0


oj.. just done..
but when i have my .json wallet backup file how to restore it?

thank you

wallet_create_from_json
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline mf-tzo

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Re: BTSX for Dummies
« Reply #8 on: July 24, 2014, 08:58:14 PM »
Quote
wallet_create_from_json

What does this mean? what is json??

Sorry but as I have mentioned before no IT knowledge and just try to figure all this...
Thanks

Offline santaclause102

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Re: BTSX for Dummies
« Reply #9 on: July 24, 2014, 09:20:59 PM »
Json is a file format, like XML. It makes text machine readable.

bitbro

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Re: BTSX for Dummies
« Reply #10 on: July 24, 2014, 09:32:37 PM »
Someone contact the For Dummies book publisher


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Offline santaclause102

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Re: BTSX for Dummies
« Reply #11 on: July 24, 2014, 09:40:12 PM »
Quote
if i'm not from 1 to 100 position i'm not able to generate block and i can't collect shares as reward.
So i think is not good to register as delegate.
right!

Offline Pheonike

Re: BTSX for Dummies
« Reply #12 on: July 24, 2014, 09:46:52 PM »

I have not imported one yet. Does the json file have to be in a particular folder or can I list the path within the command?

Offline gamey

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Re: BTSX for Dummies
« Reply #13 on: July 24, 2014, 10:10:40 PM »
Questions on delegates ? http://wiki.bitshares.org/index.php/Delegate

The How To for the most basic use cases with pictures can be found http://wiki.bitshares.org/index.php/Bitshares-x-how-to
I speak for myself and only myself.

Offline G1ng3rBr34dM4n

Re: BTSX for Dummies
« Reply #14 on: July 24, 2014, 11:25:27 PM »

I have not imported one yet. Does the json file have to be in a particular folder or can I list the path within the command?

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