121
Meta / Re: Chat Box
« on: June 15, 2015, 05:13:19 pm »
bump
I like the idea.
I like the idea.
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122
General Discussion / Re: Burning is Still Alive and Well
« on: June 10, 2015, 09:22:48 pm »1. There is no more BTS burning. No more dividends
....Anyway this matter is easily fixable – by setting 3 way split instead of the proposed 2 way (80%/20% for referral program/ future spending’s fund), by just adding % to be burnt
Of course there is another way to do this, another way which allows actually even more aggressively removing/burning of BTS
https://github.com/cryptonomex/graphene/issues/37
Thanks for listening to the feed back from the community BM!
Yes
. And this is why I love this project so much.Albeit I would prefer the three way split tonyk propsed if it can be realized with comparable resources.
123
Technical Support / Re: [BitShares 2.0 Technologies] Transferable Named Accounts (Discussion)
« on: June 09, 2015, 12:11:29 pm »If reputations (when available) are linked to named accounts, can transferability be abused, and how do you avoid such abuse?
https://bitshares.github.io/technology/transferable-named-accounts/
"When users transfer an account name to another user, they use a special transaction that clears all of the links in the web-of-trust. Both the buyer and the seller are protected by this fact, because simply updating the key that controls a named account does not signify a legal change in ownership."
My question:
As Stan stated here account names that were registered before the 8th will be migrated unchanged. That means squatters that registered accounts before 8th are going to get away with it?
124
Muse/SoundDAC / Re: MIDEM is going to be HUGE!
« on: June 08, 2015, 11:54:14 am »How was your talk? Are there slides available for your session already? Any other updates?https://www.youtube.com/watch?v=ggK95uVZnKs
Thanks clayop
Bl00dy hell. Cob, you were excellent. You really stood out on the panel as having the best grip on the implications of blockchain tech relating to the music industry but also to the wider digital economy
Yep
The part about scarcity switching from content to attention was great. It really showed why we have to think about new ways to monetize content.
125
General Discussion / Re: [POLL] THROW DOWN! New Payment Options - Who Will Win?!
« on: June 07, 2015, 03:01:43 pm »
1. The index would not hold 'all' coins.. only ones that have certain liquidity. There would be certain technical limitations, but we likely would hold something like a TOP 9. We would continue to mine and profit from the smaller coins that we can liquidate immediately, but that liquidation would go straight to BTC or LTC in the index. More likely BTC since that can be used for liquidity in our payouts and hashing power system.
Okay. IMO this is only slightly related to mining but having a crypto index would be nice anyway. So if you can, go for it.
2. I think I may not have been clear in presenting the idea of the index in contrast to the BTS peg. We would either operate by a BTS peg OR an index value of coins we hold. We couldnt do both at the same time. In regards to putting in.. they are getting a service out of it. Money in goes into the pool that powers provides more hash power to the pool that in turn produces more mined shares in the pool that are then paid back in MINING. Their MINING balance would just continue to grow on the shares returned from the pool. It can then be cashed out in any bitAsset of their choosing when they like. All holders of MINING will get shares paid out to them proportional to their holding.
Yes, I understand that. I just don't get how you would realize it. For simplicity let's just assume you would choose to peg the UIA 1:1 to BTS.
In this case you would have to hold x BTS if x MINING are held by miners/investors. Otherwise you can't hold the peg if BTS price rises (relatively to the value of your hashpower investment). So where are you getting the money from to rent hash power as you have to hold all invested/mined BTS in order to guarantee the peg?
Differently said I don't understand how you can have an UIA that is 100% exposed to BTS price and yet generates "dividends" from mining.
The only way I could imagine it to work is by actually using the bonus payouts (generated by fees and spread) to rent the additional hashing power.
126
General Discussion / Re: [POLL] THROW DOWN! New Payment Options - Who Will Win?!
« on: June 07, 2015, 10:07:55 am »
UIA approach seems very interesting but I have some concerns/questions:
1. I don't think a crypto index is the best way to go. I would expect this to be more of a niche market. Or at least a different target audience than miners. Another concern with the index is that it could introduce liquidity problems. If you accumulate large amounts of coins with relatively shallow markets and eventually have to sell to cash people out.
2. How can you guarantee the peg when you invest a part of the BTS in hash power? So this is how I understood the idea, please correct me if I'm mistaken: The UIA is backed 100% by BTS or whatever the underlying assets are. And you just place appropriate buy and sell orders for users to get in and out?
1. I don't think a crypto index is the best way to go. I would expect this to be more of a niche market. Or at least a different target audience than miners. Another concern with the index is that it could introduce liquidity problems. If you accumulate large amounts of coins with relatively shallow markets and eventually have to sell to cash people out.
2. How can you guarantee the peg when you invest a part of the BTS in hash power? So this is how I understood the idea, please correct me if I'm mistaken: The UIA is backed 100% by BTS or whatever the underlying assets are. And you just place appropriate buy and sell orders for users to get in and out?
127
General Discussion / Re: My experience as financial adviser so far
« on: May 29, 2015, 08:16:12 pm »
Great work, as always!
I can only admire your dedication and courage. This community can consider itself lucky to have some one like you around. I hope your delegate gets voted in soon. You very well deserve it.
Grüße
I can only admire your dedication and courage. This community can consider itself lucky to have some one like you around. I hope your delegate gets voted in soon. You very well deserve it.
Grüße
128
General Discussion / Re: Yunbi now trading NOTE:CNY
« on: May 24, 2015, 05:29:52 pm »cooleo .. now we need some more solid information about what exactly NOTE will "do"
Seems to be a bit of a gamble to buy atm. Although I'm sure the music team is doing a good job behind the scenes.
129
Technical Support / Re: All in
« on: May 23, 2015, 08:58:51 am »already in profit
Well, you're one of the few lucky people around here.
130
Marketplace / Re: I-Challenge. I can provide a variety of unique services for bitshares.
« on: May 21, 2015, 11:41:56 am »
Haha! I love it.
131
General Discussion / Re: POLONIEX now KYC compliant
« on: May 19, 2015, 08:43:03 am »Well, that sucks.I don't have funds there, but does this say you can't get them out unless you fill in the KYC forms?
AFAIK yep
It's not that bad though, first level that allows you to withdraw up to $2000 worth of crypto daily is just providing a first name, last name and country without any "real" verification.
132
Stakeholder Proposals / Re: Bitshares Killer App Delegate: Sollywood.Sollars-com
« on: May 18, 2015, 09:56:59 am »
Bump
How is this guy not voted in yet!?
How is this guy not voted in yet!?
133
General Discussion / Re: Loyalty Rewards Program
« on: May 11, 2015, 09:15:27 pm »
I seem to be one of the few people who like the idea.
Is it going to be game changing? Of course not. And I agree with many people who said we have to focus on more important issues. But if it can be implemented with little effort then go for it. IMO the advantages stated by bytemaster, especially concerning the "irrational" holding should outweigh the disadvantages.
A big factor in Bitcoins adoption was that mining is interesting and fun. Maybe we can bring some of this fun to BitShares as well.
Is it going to be game changing? Of course not. And I agree with many people who said we have to focus on more important issues. But if it can be implemented with little effort then go for it. IMO the advantages stated by bytemaster, especially concerning the "irrational" holding should outweigh the disadvantages.
A big factor in Bitcoins adoption was that mining is interesting and fun. Maybe we can bring some of this fun to BitShares as well.
134
Random Discussion / DragonBox Pyra
« on: May 11, 2015, 08:50:48 pm »
So I recently found this: http://www.pyra-handheld.com/index.html
The Pyra is handheld ARM based PC that runs linux. It will be the size of a Nintendo DS has a full keyboard, gaming controls (digital and analog), 720p touchscreen etc. The primary use case seems to be emulating games but it is obviously not limited to that as it runs a full linux. It can also output via HDMI and be used as desktop replacement.
To me that looks like a very cool little device and I would definitely like to own one
I had the thought that the target audience of the Pyra might actually be quite similar to BitShares early adopters. Tech savy open source loving guys who seem to be very passionate about developing a unique product in an open, community driven fashion. So what if we offered them delegate positions if they decide to ship the device with a BitShares (light) wallet pre-installed. This would obviously be even easier with the referral system in place. Then again I know how much I hate bloatware so this could as well be a very bad idea.
What do you guys think, should we approach them? Should we wait for the refferal system to be in place?
The Pyra is handheld ARM based PC that runs linux. It will be the size of a Nintendo DS has a full keyboard, gaming controls (digital and analog), 720p touchscreen etc. The primary use case seems to be emulating games but it is obviously not limited to that as it runs a full linux. It can also output via HDMI and be used as desktop replacement.
To me that looks like a very cool little device and I would definitely like to own one
I had the thought that the target audience of the Pyra might actually be quite similar to BitShares early adopters. Tech savy open source loving guys who seem to be very passionate about developing a unique product in an open, community driven fashion. So what if we offered them delegate positions if they decide to ship the device with a BitShares (light) wallet pre-installed. This would obviously be even easier with the referral system in place. Then again I know how much I hate bloatware so this could as well be a very bad idea.
What do you guys think, should we approach them? Should we wait for the refferal system to be in place?
135
General Discussion / Re: MineBitShares Bid for Support + Status < ACTION NEEDED
« on: May 09, 2015, 09:48:47 pm »
I'm in with 10k. Where should we send the BTS?
