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If a DPOS based system is going to succeed it

The bigger issue is that DPOS itself needs to be vetted by some people with a strong cryptography and computer science background. Stellar for example discovered some flaws in their consensus algorithm. It's tough to design and deploy these things and the eventual implementation may be riddled with suboptimal design choices. Bitshares really needs a chief cryptographer to vet both the code and the consensus algo.

You guys also need a quality assurance delegate to review the coding practices, project management, and developer productivity and then write objective reports on some regular basis for the voters to review.

In the long term I agree the above would be great but In order to attract the great minds you are suggesting you need money/adoption/notoriety . It funny when you think about it. You have to push ahead at almost reckless speed in order to get to the point of attracting the above minds,go to slow and you become irrelevant before your ideas hit the market. The entire time trying to hang on and not make to many mistakes along the way.I don't think it has to be one coin/token/asset to rule them all but I do think their are limited spots available.

I think devshares are going to be a important part of the above process. A real playground/proving ground for devs and user's. I don't think its the complete answer but a piece of it that may help us avoid the biggest of mistakes.

What are your thoughts on devshares and how they may fit in?

http://www.aboutbts.com/2014/12/how-to-backup-and-restore-your-bitshares-wallet.html

Quote from: Gentso1 on January 05, 2015, 09:27:42 pm

I want to say that it would take 14 days for a difficulty adjustment and that transaction times would increase to hours(trying to remember what I read on the subject before) .

I don't consider it to be in the realm of possibility for the network to go dark anytime soon

Yes.  If the timing was right then you could see the network start behaving like a fly by night altcoin being hit by multipools.  It really hurt a lot of POW coins. 

I never thought this was *going* to happen.  It was just thrown out as conversation because I do believe it is in the realm of possibility and not terribly far fetched.  A crash right before or after a difficulty change and the big mining farms shutdown because of their power bills. Boom the network difficulty starts yoyoing from profitability to non-profitability.

I have read rumors of state sponsored companies in China utilizing free power.  It would be interesting to know if this has any truth to it. That would mitigate the problem.

Even id the big farms shut down you still have all the die hard's. Transaction times would slow to a crawl and further damage bitcoin's image and business. I would think that companies that depend on bitcoin like circle and bitpay would prop up the network with hash in the short term. Either way their are too many companies that are making money from bitcoin to allow it to die anytime soon.

The chart I like best predicted support in the 250+ range and shows a long term price prediction of 133$....

Bitassets and User issued assets.......don't forget about the role they can play to a gateway.

Please understand I get that its not just about commits. I am trying to get my own personal set of metrics.

With devs coming onto the forum needing to have delegates elected I think its important for shareholders to be at least somewhat educated on who is doing what and how often.

I think I have a basic understanding of commits now.

Any suggestions of what other holders like myself can use to help to gauge what  coder is doing. I know this is a tough question, I am just looking for some guidelines.


Security of shares and education of holders is the first step to a greater voter participation imho.

I used bter at first then upgraded to bct38.Welcome

In addition to the ah-ha moment question, Where did you hear about us from?

If you select a longer time range at the right top you can see that about 80% of people come from coinmarketcap (for the last 60 days). Sparkle or BTS Music/Play would therefore be very helpful.

While I know the number on CMC are "off" I still use it as a jumping point myself for finding new coins and assets.

I want to say that it would take 14 days for a difficulty adjustment and that transaction times would increase to hours(trying to remember what I read on the subject before) .

I don't consider it to be in the realm of possibility for the network to go dark anytime soon