Status Update

[fer87]

The foro works fine, good update!

[sudo]

university as bts delegate  cool
promotion  in university student

[cylonmaker2053]

The bandwidth requirements are long term.   Hardly something worth worrying about until we are bigger than Bitcoin.

ok well if there's ever anything you think could be a win-win scenario for a university Finance dept and the Bitshares community, please let me know and I'll happily present our case.

[VoR0220]

I could ask some of the faculty at my old university if they are interested. I'm not sure that they'd bite, but I'm certain that they're interested. That and they teach almost universally low level c++, IBM assembly and mainframe. Getting them into the boost aspects might be very very good. I also just so happen to be on very good terms with the head of the department of computer science there and I think he might be looking to update the program.

[bytemaster]

The bandwidth requirements are long term.   Hardly something worth worrying about until we are bigger than Bitcoin.

[cylonmaker2053]

..just listened to the latest hangout session (excellent way of communicating btw!):

Regarding the delegates' need of high bandwidth, why don't we ask universities to host delegates? This has quite successfully be done with IRC servers some time/decades ago, and might just work the same way with BTS delegates. Universities commonly have almost unlimited bandwidth and other capacities, and anyway may have some intrinsic/academic interest in the BTS network (collecting [big]data, storing prices, order books, etc). So, I suggest, we ask ~25 universities across the world each to host a single BTS delegate/server. In contrast to IRC, the hosting universities would even be paid for their support! How cool is that?! Also, that could turn out to be a very nice "marketing gag".

if the tech savvy folks here can put together the specs of exactly what that'd entail and how university's could benefit, i'll happily take this to the FIN dept at the UofSC. the faculty are getting interested in crypto anyway, so this could be good timing. if there's some advantage wrt data collection, or helping train students, then we might be able to sell it.

[brainbug]

..just listened to the latest hangout session (excellent way of communicating btw!):

Regarding the delegates' need of high bandwidth, why don't we ask universities to host delegates? This has quite successfully be done with IRC servers some time/decades ago, and might just work the same way with BTS delegates. Universities commonly have almost unlimited bandwidth and other capacities, and anyway may have some intrinsic/academic interest in the BTS network (collecting [big]data, storing prices, order books, etc). So, I suggest, we ask ~25 universities across the world each to host a single BTS delegate/server. In contrast to IRC, the hosting universities would even be paid for their support! How cool is that?! Also, that could turn out to be a very nice "marketing gag".

[bytemaster]

What would the memory usage roughly have been if the squatter didn't register his names?

Probably 25MB less.

[santaclause102]

What would the memory usage roughly have been if the squatter didn't register his names?

[sudo]

In last weeks mumble you said you would not let "perfect take the place of good enough" and that you realized you need to ship a product soon.  Has something changed?  Do you expect the test net to be ready this month?

I am just prioritizing basic features over extra features like the bond market.   Test net is coming as fast as possible.

 

[CLains]

hype slowly intensifies

[ElMato]

Excellent! Keep the good work guys

[twitter]

sounds great. keep on good work

[kokojie]

Sounds great, good work.

[ebit]

Code: [Select]

1. Release BitShares 0.9.3 with extra API for dumping private keys for an account to facilitate easy importing into Graphene.
Is't mean:BitShares2.0 don't use  a snapshot from BitShares0.9.3?

BitShares 2.0 will be based on a snapshot of the BTS0.* blockchain ..
the feature BM is talking about will only make importing your funds a lot more convenient

Thanks

[cass]

  Looking forward to join the testnet as soon as it is available!

[xeroc]

Code: [Select]

1. Release BitShares 0.9.3 with extra API for dumping private keys for an account to facilitate easy importing into Graphene.
Is't mean:BitShares2.0 don't use  a snapshot from BitShares0.9.3?

BitShares 2.0 will be based on a snapshot of the BTS0.* blockchain ..
the feature BM is talking about will only make importing your funds a lot more convenient

[sudo]

awesome

[lil_jay890]

Since the bond market was part of the bitshares 2.0 announcement, do you expect bts holders to pay for this upgrade? Seems like it should come at no cost since it was supposed to be included in bts 2.0

[clayop]

Can you tell when the exchange software is ready (or at least begins)?

[toast]

  hype slowly intensifies

[hodor]

Hodor.

[Tuck Fheman]

When I compare this to BTS1.0 I see it uses 1.5 GB of memory

I have to find a flaw in Dan, no matter how small ... otherwise I'll go back to thinking he is from the 10th dimension.

He intentionally leaves small flaws for you to find, in order to convince you he is not. :p

[Ander]

When I compare this to BTS1.0 I see it uses 1.5 GB of memory

I have to find a flaw in Dan, no matter how small ... otherwise I'll go back to thinking he is from the 10th dimension.

He intentionally leaves small flaws for you to find, in order to convince you he is not. :p

[cylonmaker2053]

THANK YOU for all the hard work! i'm really looking forward to 2.0 and definitely agree that it's best to be diligent up front instead of rushing, but also to focus on core functionality and push non-critical features to 2.1.

[cgafeng]

Looking forward to joining the testnet.

[Tuck Fheman]

When I compare this to BTS1.0 I see it uses 1.5 GB of memory

I have to find a flaw in Dan, no matter how small ... otherwise I'll go back to thinking he is from the 10th dimension.

[ebit]

Code: [Select]

1. Release BitShares 0.9.3 with extra API for dumping private keys for an account to facilitate easy importing into Graphene.
Is't mean:BitShares2.0 don't use  a snapshot from BitShares0.9.3?

[VoR0220]

Ya'll should be very excited. This thing is going to be massive. I won't be surprised to see this competing with traditional stock exchanges....this will truly be THE platform to trade crypto in the future.

[BunkerChainLabs-DataSecurityNode]

Excellent update.. progress is certainly moving along in a timely fashion.

It sounds like a good all on the bond market.. it's certainly not a feature to lead on.. and will be a great test run of the vote in process like you said... but what if it gets voted out?

I will be a mumble tomorrow from the bunker.. feel free to answer this scenario tomorrow.

 

[bytemaster]

In last weeks mumble you said you would not let "perfect take the place of good enough" and that you realized you need to ship a product soon.  Has something changed?  Do you expect the test net to be ready this month?

I am just prioritizing basic features over extra features like the bond market.   Test net is coming as fast as possible.

[Riverhead]

Thanks for the update and the efficiency metrics. Looking forward to joining the testnet.

[lil_jay890]

In last weeks mumble you said you would not let "perfect take the place of good enough" and that you realized you need to ship a product soon.  Has something changed?  Do you expect the test net to be ready this month?

[Ander]

Thanks for the update!  It was feeling a little lonely without a weekly Summer Announcement to get excited about, that the market could completely ignore.

[bytemaster]

Are there any behind the scenes GUI updates that you can show? Id love to know what the bond market is going to look like.

No GUI work has started on the bond market until after everything else is "perfect".   

[speedy]

Are there any behind the scenes graphene GUI updates that you can show?

[bytemaster]

We have been doing a lot of internal tests and today we started an internal test network operating over the internet.   This test network uses a snapshot from BitShares on July 9. 

So far things are running very smoothly.   The total RAM usage after importing all of BitShares and registering 100,000 new accounts is still under 222 MB of memory, which with OSX memory compression enabled actually compresses a large part of that down to just 115MB.   With our modest flooding of the network at 10 transactions per second CPU usage was less than 2%.   When I compare this to BTS1.0 I see it uses 1.5 MB of memory and with compression 632 MB resides in active use.   So the is an 83% memory reduction for the same amount of data.

We are putting the finishing touches on the protocol as we prepare to launch a public test network.   

Thank you all for hanging in there.  We don't get many opportunities to completely revamp a protocol and so we are taking our time to make sure we can live with what we have for a long time.   This means designing in features for expansion. 

Things we have left to do prior to a wide spread public test network:
1. Release BitShares 0.9.3 with extra API for dumping private keys for an account to facilitate easy importing into Graphene.
2. A lot of GUI work is left to be done.
3. The CLI wallet needs some usability improvements to expose all of the features.

In the spirit of getting things released and upgraded in a timely manner, we have decided to delay the bond market feature until 2.1 which will be the first feature enabled by stakeholder approval.  This decision is mostly based around minimizing the surface area that we need to test prior to launch.   

See you all in mumble tomorrow!