[ SNAPSHOT: 8/21 ] VOTE

[dankeykang]

Hi guys I have some Bitshares-PTS in a wallet, and I don't really understand what will happen on 8/21. What will this snapshot give me? How will I be able to show that I owned the PTS in that account, .... I'm just really confused, any help is greatly appreciated!

[CLains]

http://bitshares.org/industries/voting/

sweet 

[cass]

http://bitshares.org/industries/voting/

[fuzzy]

Interested in Setting up a Dev Hangout?

[CLains]

small typo in whitepaper, "society casts it votes" should be "its votes"

[Ggozzo]

What does holding or buying the tokens entitle me to?

How do I redeem the services offered with the tokens sold/distributed?

Example:
I donated enough AGS to receive 10,000 Vote tokens. I want to hold an election at a high school for class president. How many tokens do I trade in to use the service? Who organizes the structur for the election?

You set up the terms for the election and the fee could be just a basic transaction fee.   

If you want to limit voters to high-school students then you would have to certify valid students IDs yourself.

If I still have to certify valid ID, wouldn't it be easier to clone the system for free (or even pay someone less money than the cost of buying in, to do it for me) then have each voter register their address linked to their name and then give them a token to send to the candidates address of their choice?

I definitely see the value the blockchain brings to a voting system, but I still can't understand the investment value of buying into one chain. There just isn't enough people linked into Bitshares to completely represent any constituency to the fullest degree. I think this is only going to be useful for mass surveys at this point. The user base is too diverse and spread thinly throughout the globe. If you had Facebook user numbers, I still don't think you could represent any populace to its true full amount.

I guess we wait and see.

[Chuckone]

What does holding or buying the tokens entitle me to?

How do I redeem the services offered with the tokens sold/distributed?

Example:
I donated enough AGS to receive 10,000 Vote tokens. I want to hold an election at a high school for class president. How many tokens do I trade in to use the service? Who organizes the structur for the election?

You set up the terms for the election and the fee could be just a basic transaction fee.   

If you want to limit voters to high-school students then you would have to certify valid students IDs yourself.

I thought I had it figured out, but by reading this it shows me it might not be as clear as I thought... So basically, I receive vote tokens for my PTS/AGS holdings and then trade those vote tokens to people that want to set up an election/poll (As I won't be setting up anything like that personally). So if an organization wants let's say 15 000 votes for an election, they buy those votes at the market price on an exchange? Then they set up the terms etc.?

[bytemaster]

What does holding or buying the tokens entitle me to?

How do I redeem the services offered with the tokens sold/distributed?

Example:
I donated enough AGS to receive 10,000 Vote tokens. I want to hold an election at a high school for class president. How many tokens do I trade in to use the service? Who organizes the structur for the election?

You set up the terms for the election and the fee could be just a basic transaction fee.   

If you want to limit voters to high-school students then you would have to certify valid students IDs yourself.

[Ggozzo]

What does holding or buying the tokens entitle me to?

How do I redeem the services offered with the tokens sold/distributed?

Example:
I donated enough AGS to receive 10,000 Vote tokens. I want to hold an election at a high school for class president. How many tokens do I trade in to use the service? Who organizes the structur for the election?

[Chuckone]

I still don't see why CountryXYZ would need to buy BTSVote tokens to use the system?

In terms of validation, you would need an entire county's eligible voters validated in the system before it becomes worth something to that particular country. You can interchange country for city, county, state etc. It seems like unreasonable expectations.

My understanding is that it would be somehow preferable for the devs to start this DAC as a small scale experiment within a willing organization (that would pay for the service by buying tokens) and learn from there, improve the flaws and find solutions for the scalability issues. I see this DAC as a potentially very powerful tool, but the project is still in its infancy. I'm not a developper, but imo it doesn't have to have a huge amount of ressources put in to have a working DAC (contrary to, for example, BTS-X), so it can grow organically from each new project that emerge from the initial DAC (which will ultimately add value to the shares as the DAC gets new clients).

I might be wrong, but that would be my approach with a new and revolutionnary project that almost no one knows about and is a complete paradigm shift compared to what's in place right now.

[Ggozzo]

I still don't see why CountryXYZ would need to buy BTSVote tokens to use the system?

In terms of validation, you would need an entire county's eligible voters validated in the system before it becomes worth something to that particular country. You can interchange country for city, county, state etc. It seems like unreasonable expectations.

[xeroc]

Maybe .. someday .. I can use this to let people vote for what to do with the charity fees earn by the charity delegates .. looking forward to it.

[Chuckone]

The nice thing about this DAC is that it is scalable and it doesn't need a lot of big players to be sustainable. Governments will surely avoid this DAC in the long run as it is not regulated by them and not created by their unefficient bunch of civil servants. But private organizations and NGOs will definitely see the benefits of having a simple and efficient DAC to run their voting process. They just need to know about it and how easy it is to use.

I think the big thing here is the DAC will have to provide an easily understandable user interface and a comprehensive "user's manual", so that any non-developper guy can set it up and get it running for their organization.

The big paradigm shift won't be for non-technical people to understand the basic principle of "one verified profile, one vote", but rather to understand that it cannot be tampered with because of the blockchain technology.

I guess the biggest issue will be there... Making sure people understand it's as safe as any other voting method (and probably much safer), while much easier to deploy and use. Marketing will be the key, as with all the other DACs that imposes a paradigm shift.

[Btc38]

nice work.

[donkeypong]

When the government wants to do an election, it pays some contractors to set up the voting booths and collect votes. Instead, it will buy enough VOTEs for all their citizens to vote for free. Same goes for any org that wants to vote.

Not just governments. I think they'll be the last to jump on board, frankly, given all the laws and regulations that need to be changed to accommodate such a shift. Maybe some political parties and New England towns for their caucuses or town halls, but governments are rarely the first ones to innovate. I would think private companies would be all over this for their shareholder elections long before governments consider giving it a try.