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Offline santaclause102

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How to become a delegate
« on: September 01, 2014, 04:30:45 PM »

What is a delegate?

Delegates process transaction and secure the network, similar to miners with Bitcoin. Delegates are elected by shareholders (shareholders is a term which makes sense here but does not imply any legal rights). Voting power of shareholders is proportional to their stake (thus delegated proof of stake). Delegates do not only secure the network but can also use their delegate pay to grow the BitShares ecosystem and set the agenda for the respective DAC (e.g. BitSharesX). For more info on DPOS please read http://wiki.bitshares.org/index.php/DPOS

How do I become a delegate?

First you have to register a delegate with your wallet. Then you already have a delegate, your delegate is just not active yet. Only active delegates are paid and all active delegates are paid the same. To be an active delegate you have to be among the top 101 delegates with the most approval by shareholders.

You are free to convince shareholders to give you their approval by any argument you can come up with.

Here is a selection of arguments which are used frequently:
(1) Given the responsibility of delegates to produce blocks a stable delegate server and close to 100% up-time are good arguments.
(2) Reputation as a forum member, a public person or a company (e.g. an exchange).
(3) Burning some of your delegate pay which effectively is paying interest to shareholders as the money supply shrinks.
(4) Using the delegate pay to grow the BitShares ecosystem or grow the DAC the delegate is "working" for through doing or funding marketing or development work.
(5) Donate funds to various charities.
(6) Use funds to create bounties for development.
(7) Be creative :)

For a technical description and details on becoming a delegate see http://wiki.bitshares.org/index.php/Bitshares-x-delegate-how-to
http://wiki.bitshares.org/index.php/BuildInstructionsBitSharesX
« Last Edit: October 08, 2014, 08:48:49 PM by delulo »

Offline AJ

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Re: How to become a delegate?
« Reply #1 on: September 07, 2014, 03:07:14 AM »
Awesome tips. I'm planning on getting into the delegate system and hope to contribute to shareholders with marketing materials and community developments. Any tips on this area?
btsx username: ajm - My BitSharesX Teaser video
http://youtube.com/watch?v=DRhwgmNsm9o

Offline amencon

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Re: How to become a delegate?
« Reply #2 on: September 07, 2014, 04:08:34 AM »
Awesome tips. I'm planning on getting into the delegate system and hope to contribute to shareholders with marketing materials and community developments. Any tips on this area?
Once the plans go through to give bitUSD holders interest and the market pegs have some history behind them, I think getting the word out about an investment that tracks the USD and gives decent returns will be a huge draw for some investors.

Offline eureka

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Re: How to become a delegate?
« Reply #3 on: September 11, 2014, 01:31:47 PM »
when will my delegate be in the 101?
https://bitshares.dacplay.org/?r=e
去中心化是一场革命http://dac.xyz

Offline xeroc

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Re: How to become a delegate?
« Reply #4 on: September 11, 2014, 01:43:20 PM »
last spot:
blockchain_list_delegates 101 1
Code: [Select]
6636  zhangliangying                  5.51785900 %   635      3        99.53 %       100 %    143.27408 BTSX      458154      0.4.13
once you have more than 5.51% of stake voting for you ... you will replace the last spot!
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline matt608

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Re: How to become a delegate
« Reply #5 on: October 21, 2014, 10:29:02 AM »
Are there any plans to make it easier to become a delegate, as in a simple user friendly set up?  This command line stuff is beyond me, but I'd like to be a delegate as soon as I can.  Maybe only 'technical' people are wanted?  Though I would think DOPS would be more secure with lots of back up delegates and there would be more competition for delegates to do something useful with their pay.

Offline CLains

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Re: How to become a delegate
« Reply #6 on: December 04, 2014, 04:08:05 PM »
Are there any plans to make it easier to become a delegate, as in a simple user friendly set up?  This command line stuff is beyond me, but I'd like to be a delegate as soon as I can.  Maybe only 'technical' people are wanted?  Though I would think DOPS would be more secure with lots of back up delegates and there would be more competition for delegates to do something useful with their pay.

We have BitSuperLab http://www.bitsuperlab.com/

I don't know how many slots they have though.

Xeldal took care of the main devs, https://bitsharestalk.org/index.php?topic=11735.0
Vote for BTS-2 witness: spectral (1.6.30)

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Offline matt608

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Re: How to become a delegate
« Reply #7 on: December 04, 2014, 04:14:29 PM »
Are there any plans to make it easier to become a delegate, as in a simple user friendly set up?  This command line stuff is beyond me, but I'd like to be a delegate as soon as I can.  Maybe only 'technical' people are wanted?  Though I would think DOPS would be more secure with lots of back up delegates and there would be more competition for delegates to do something useful with their pay.

We have BitSuperLab http://www.bitsuperlab.com/

I don't know how many slots they have though.

Xeldal took care of the main devs, https://bitsharestalk.org/index.php?topic=11735.0

Don't worry this was ages ago (2 months, feels like a year in BTS time).  Riverhead got me all set up.  Delegate is live.

 

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