0 Members and 1 Guest are viewing this topic.
Since there is support for letting BM use the funds for development, I think the simplest way to go forward is make that the plan for this delegate. If people really don't want the dilution they can still vote the delegate out. Essentially they would have two weeks before the end of the next biweekly pay period. Based on the recent delegate movements, I don't think that it would be a problem if that is what the community really wants. To make sure everyone is aware I will make a new thread with the subject describing the reallocation of funds. If it gets voted out during that period I can burn the 97% that was collected after chronos' last payment. I think this should be a reasonable way to continue without making additional yes no accounts which would just sit idle after this one use. Hopefully this is ok with everyone.
How will directing the funds to bm add any value?? The dev team already has 6 delegates. Does bm plan to hire someone or work more hours with this delegate pay? Most of the support is towards burning, which is what should be done.
Hopefully this is ok with everyone.
Quote from: chryspano on September 01, 2015, 04:38:33 amYes, shut all the delegates down in order for some people to make some short term profits, damaging bts long term, all we care about is short term profits, right? "Inflation" doesn't attract pump and dumpers afterall.Lets fill our pockets with some FIAT and get the hell out of here.Give us a break Ander.Dude, it was a joke! You mad bro?
Yes, shut all the delegates down in order for some people to make some short term profits, damaging bts long term, all we care about is short term profits, right? "Inflation" doesn't attract pump and dumpers afterall.Lets fill our pockets with some FIAT and get the hell out of here.Give us a break Ander.
Quote from: Ander on August 31, 2015, 08:36:40 pmQuote from: Fox on August 31, 2015, 08:17:46 pmQuote from: bytemaster on August 31, 2015, 04:17:29 pmI would appreciate the extra BTS to help fund development and support of BTS.I support 97% redirection of this delegate's pay to Blacksburg for ongoing development.I support 97% redirection to me, to help me recover money lost investing in BTS.Or maybe we should shut it off to reduce sell pressure. Yes, shut all the delegates down in order for some people to make some short term profits, damaging bts long term, all we care about is short term profits, right? "Inflation" doesn't attract pump and dumpers afterall.Lets fill our pockets with some FIAT and get the hell out of here.Give us a break Ander.
Quote from: Fox on August 31, 2015, 08:17:46 pmQuote from: bytemaster on August 31, 2015, 04:17:29 pmI would appreciate the extra BTS to help fund development and support of BTS.I support 97% redirection of this delegate's pay to Blacksburg for ongoing development.I support 97% redirection to me, to help me recover money lost investing in BTS.Or maybe we should shut it off to reduce sell pressure.
Quote from: bytemaster on August 31, 2015, 04:17:29 pmI would appreciate the extra BTS to help fund development and support of BTS.I support 97% redirection of this delegate's pay to Blacksburg for ongoing development.
I would appreciate the extra BTS to help fund development and support of BTS.
With the current marketcap a 100% delegate generates approx. $425 a month. If you go with a VPS cost of $50 / month (quite doable), that translates to around 12% of the delegate pay. I don't believe any of us should work for free, a sentiment Bytemaster has also expressed. Even a 25% delegate only provides a meager compensation equal to the hosting cost, but perhaps that's the most we should expect from this market.As I was faced with an almost identical scenario about a month ago it's also important to recognize we are pretty close to 2.0 release, so whatever this team decides to do is probably only temporary. Once 2.0 is well established there is bound to be adjustments made.I think reducing the delegate pay to 3% is too low. I would vote for 25%. I recognize there are other delegates such as riverhead and many others that receive far less, including many solid 3% delegates. 10% can cover the cost of 1 VPS but very little else, so those with less than 25% delegate pay are basically working for free. Again, please keep in mind this is only temporary until 2.0 is released and well established.I am sorry to see you go Chronos; Cryptonomex really needs all the help it can get for UI work.Just my 0.01 BTS opinion here.
Quote from: lafona on August 31, 2015, 04:10:33 pmI have no problem running the delegate at 3% from here on out. Depending on what sounds reasonable I can burn the remaining 97% on a weekly, biweekly or monthly basis. I can also update the thread here with the payment split and burn info.Don't burn the 97%. Pass it to BM. His team would need it in this depressed market.
I have no problem running the delegate at 3% from here on out. Depending on what sounds reasonable I can burn the remaining 97% on a weekly, biweekly or monthly basis. I can also update the thread here with the payment split and burn info.
I believe it is possible to update the witness to lower the pay rate so you do not have to burn it manually.I would appreciate the extra BTS to help fund development and support of BTS.
If he only lowers it to 25%, we should just vote him out and vote in 1 of the delegates that is willing to work for 3%. Granted enough holders actually vote.
With the current marketcap a 100% delegate generates approx. $425 a month. If you go with a VPS cost of $50 / month (quite doable), that translates to around 12% of the delegate pay. I don't believe any of us should work for free, a sentiment Bytemaster has also expressed. Even a 25% delegate only provides a meager compensation equal to the hosting cost, but perhaps that's the most we should expect from this market.As I was faced with an almost identical scenario less than a month ago it's also important to recognize we are pretty close to 2.0 release, so whatever this team decides to do is probably only temporary. Once 2.0 is well established there is bound to be adjustments made.I think reducing the delegate pay to 3% is too low. I would vote for 25%. I recognize there are other delegates such as riverhead and many others that receive far less, including many solid 3% delegates. 10% can cover the cost of 1 VPS but very little else, so those with less than 25% delegate pay are basically working for free. Again, please keep in mind this is only temporary until 2.0 is released and well established.Just my 0.01 BTS opinion here.
Quote from: xeroc on August 31, 2015, 01:49:00 pmThats unfortunate ..Instead of pointing the residual funds to BM, please consider reducing your delegates pay to 3% or so.
Thats unfortunate ..Instead of pointing the residual funds to BM, please consider reducing your delegates pay to 3% or so.
Quote from: Russ Hanneman on June 02, 2015, 11:48:03 pmQuote from: bytemaster on May 26, 2015, 05:28:22 pmKeep in mind that I am managing 77M BTS that belong to a whale who was never an I3 stakeholder and could demand them at any time. I'm here to confirm that it's not me, but it could be a member of the BITN.Is this the account? BTS2vYFjTaNi5Hz5QPyDH7SEqKfx2xLRFAFP
Quote from: bytemaster on May 26, 2015, 05:28:22 pmKeep in mind that I am managing 77M BTS that belong to a whale who was never an I3 stakeholder and could demand them at any time. I'm here to confirm that it's not me, but it could be a member of the BITN.
Keep in mind that I am managing 77M BTS that belong to a whale who was never an I3 stakeholder and could demand them at any time.
Quote from: bytemaster on May 26, 2015, 05:28:22 pmKeep in mind that I am managing 77M BTS that belong to a whale who was never an I3 stakeholder and could demand them at any time. Whats that whale's net worth? Anyone (who isnt completely invested here) who is willing to sit on $0.5 million worth of a risky cryptoasset is obviously worth millions more. He could probably increase our market cap just by revealing himself.
There are some people here that would take issue with your comparison of US dollar to salt.. they see more value in the salt.
I just have to say, the more I get into the nitty gritty of Bitshares, the more awesome it seems. Comparing Bitshares to Bitcoin is like comparing the US Dollar to salt. (Which, by the way, would totally work as a store of value. A very little value.)We have just crossed the 200M BTS mark of support. If you have not yet voted, please consider adding chronos.payroll.lafona to your slate. Thank you!
Quote from: xeroc ¯\_(ツ)_/¯ on May 26, 2015, 05:33:23 pmQuote from: bytemaster on May 26, 2015, 05:28:22 pmKeep in mind that I am managing 77M BTS that belong to a whale who was never an I3 stakeholder and could demand them at any time. .. erm .. sure ..but can you "confirm" that you do not control enough 'voting power' anymore to put a delegate in the top 101 on your own?LOL. I promise I am not related to the whale and the whale does not even live in VA. I don't know what would happen if I removed my support from most of the current top 101. I think I can safely say that I couldn't get control of 51% of the delegates, but may be able to manipulate the votes to control the bottom few. I certainly cannot do it with only my own personal stake.
Quote from: bytemaster on May 26, 2015, 05:28:22 pmKeep in mind that I am managing 77M BTS that belong to a whale who was never an I3 stakeholder and could demand them at any time. .. erm .. sure ..but can you "confirm" that you do not control enough 'voting power' anymore to put a delegate in the top 101 on your own?
Hi Chronos! Congratulations on being elected.
We know you'll be working on the UI of 1.0 but nothing more has been disclosed. Will you give us some more details on your role?
Will you be coding the UI or just advising & testing?
Will you give us some examples of user interfaces which you hold in high regard?
Once 1.00 is released - can we count on you making some YouTube videos presenting the new UI to newcomers?
Quote from: bitsharesblog.com on May 26, 2015, 04:58:09 pmQuote from: xerocand it is AWESOME to see that NOT even Bytemaster can vote a delegate into the top101 anylongerThat is a big assumption. He has stated that he manages a few big accounts and he may want it to appear that he can't but maybe he still can. - AFAIK he does not control more than 170M BTS .. - The delegate 101 has 180,185,720 BTS voted for him .. - BM asked in this thread to vote for chronos though he voted moments earlier himself .. - you can see BMs total controll stake in the history of chronos votes quite clearly ..but in the end you are right .. no one can be sure he doesn't hold a few million shares no one knows of .. maybe not even claimed them ..
Quote from: xerocand it is AWESOME to see that NOT even Bytemaster can vote a delegate into the top101 anylongerThat is a big assumption. He has stated that he manages a few big accounts and he may want it to appear that he can't but maybe he still can.
and it is AWESOME to see that NOT even Bytemaster can vote a delegate into the top101 anylonger
This delegate has just now crossed into the top 101 -- thank you! However, the job is not finished, because there's currently a lot of, shall we say, "entropy" in the voting system. If you have not voted yet, please add your vote for chronos.payroll.lafona in order to ensure its continued success.Thank you, everyone!
He is in #102 now, just a few more votes will push him over.
Hi Everyone,I have registered the delegate as chronos.payroll.lafona so please vote to begin paying Chronos for his work!wallet_approve chronos.payroll.lafona 1Thanks for the opportunity
Thanks for the opportunity
Quote from: bytemaster on May 25, 2015, 01:42:43 pmSince you do not currently run any BitShares delegates, I think I will opt for you to run the delegate to maximize decentralization. Let me know when you have it set up, the first 2 weeks of pay will go to you directly until you have recovered the setup fee. After that you can forward the funds on to Chronos.
Since you do not currently run any BitShares delegates, I think I will opt for you to run the delegate to maximize decentralization. Let me know when you have it set up, the first 2 weeks of pay will go to you directly until you have recovered the setup fee. After that you can forward the funds on to Chronos.
Quote from: lafona on May 25, 2015, 12:50:39 pmI can run the delegate. I have had a standby delegate for several months now, and I am currently running delegates for the other dpos based chains. I could set something up this afternoon if that is soon enough and would be happy to answer any questions or concerns.Since you do not currently run any BitShares delegates, I think I will opt for you to run the delegate to maximize decentralization. Let me know when you have it set up, the first 2 weeks of pay will go to you directly until you have recovered the setup fee. After that you can forward the funds on to Chronos.
I can run the delegate. I have had a standby delegate for several months now, and I am currently running delegates for the other dpos based chains. I could set something up this afternoon if that is soon enough and would be happy to answer any questions or concerns.
Quote from: bytemaster on May 25, 2015, 12:32:09 pmChronos is joining our team has a developer working on the user interface in the wallet. We would like to set up a 100% delegate on his behalf. I am looking for someone who can run his delegate for 5% and then pay him 95% every 2 weeks. I would like to get this delegate set up and voted in as soon as possible. Any volunteers for running this delegate?I already run testz and valzav.payroll.testz delegates, if no other volunteers takes this deal, I can run Chronos delegate until DPOS 2.0 will be launched.
Chronos is joining our team has a developer working on the user interface in the wallet. We would like to set up a 100% delegate on his behalf. I am looking for someone who can run his delegate for 5% and then pay him 95% every 2 weeks. I would like to get this delegate set up and voted in as soon as possible. Any volunteers for running this delegate?
Quote from: bytemaster on May 25, 2015, 01:42:43 pmQuote from: lafona on May 25, 2015, 12:50:39 pmI can run the delegate. I have had a standby delegate for several months now, and I am currently running delegates for the other dpos based chains. I could set something up this afternoon if that is soon enough and would be happy to answer any questions or concerns.Since you do not currently run any BitShares delegates, I think I will opt for you to run the delegate to maximize decentralization. Let me know when you have it set up, the first 2 weeks of pay will go to you directly until you have recovered the setup fee. After that you can forward the funds on to Chronos.Please double check with chronos to make sure he hasn't already paid the delegate registration fee. If so then get then work with him to get the block signing key.