In this thread Bytemaster requested the campaigning of helper delegates. My proposal is below. I welcome your thoughts and comments.

Pay: 100%

• 5% - IT Operations
• 95% - Salary paid biweekly

Logistics:

• Primary delegate run on a Digital Ocean VPS based in Singapore
• Backup delegate run on an Amazon Web Services VPS based in Australia
• 250 BTS/month retainer to a backup person in the event riverhead is unable to handle a situation

SLA:

• Block production with 99% reliability
• Payroll transfered to BM's account by 12:30AM EST biweekly (schedule TBD)
• Backup fail over accounts will be pre-coded for instant redirection in the event BM is unable to collect his compensation.
• Compensation will be 57231 BTS biweekly regardless of actual delegate income (i.e downtime comes out of IT Operations revenue)

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Voted for marketing.methodx because of methodx's tenacity for marketing, his efforts to bootstrap nullstreet.com, and his leadership, which is helping grow the bitshares marketing campaign, and that is before mentioning he is backed by an information technology guru, Riverhead, who also maintains his own delegate backbone.riverhead

Coercion is very simple to understand for those who understand the difference between positive rights and negative rights.

No one has a right to force you to associate or do business with anyone; therefore, everyone has a right to decline to trade with someone.   Hence shunning is not coercion, but its impact still produces many of the desired changes in behavior.

Rule #1 - Don't violate your laws to enforce your laws.

If you must steal to prevent theft then I question your motives.
If you must kill so you can steal so you can use prison as a deterrent to prevent murder then what have you gained?

Thus the goal is to enforce the laws without violating the laws.

Disclosure: the Bts and libertarian philosophy have become my way of
life. 

However, one difficult case I can think f that challenges the free market is collusion.  Let's say ten people collude by agreeing that one of them will steal a million dollars while knowingly sacrificing his reputation, but the group agrees to continue to do business with the stealer.  The collusion is not public knowledge. The stealer can continue to do trade because of his nine secret business partners. 

Must those who continue to do business with the stealer be shunned by everyone else? Are we better or worse  off by assuming that collusion and secrecy is part of the system? 


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Quote from: bytemaster on November 21, 2014, 02:52:50 pm

Quote from: XsharesO on November 21, 2014, 02:27:20 pm

Good answers, thanks. So the total cap is 3.7 bil shares. Is the algorithm similar to bitcoin, half time every few years?

Yes, every 4 years it halves the max delegate pay.

Does it half all at once, or does it decrease over time, by block?

It seems to me that avoiding shocks (even planned ones) would be a more eloquent approach.

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Quote from: Rune on November 20, 2014, 11:09:55 am

Going to give my honest feedback. Not happy with this. Its exactly as i feared; people who go on this site will have no idea what bitshares actually is, and all they'll see are emotionally loaded words instead of any real explanation or description.

We have tried to descibe / explain etc .. but if you have this in mind ... at this time also most users weren't happy with ..

Why not use:

BitShares.

Bank on it,
trade on it,
save on it,
spend on it

Quote

I don't know the key to success, but the key to failure is trying to please everybody. ~Bill Cosby

Interesting timing w the Bill Cosby quote


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Quote from: nomoreheroes7 on November 14, 2014, 02:33:46 pm

Quote from: Gentso1 on November 14, 2014, 02:12:29 pm

Nubits is putting up huge numbers of volume.

Holy hell they are....over $1,000,000. Meanwhile BitUSD, relegated to the 2nd page "assets" subsection on coinmarketcap, currently shows $3,250 volume with a price of $0.948128. Dafuq? Looks pretty bad.

I think alot of their volume is them trading to themselves.

Big volume numbers is just a cheap forum of marketing if you think about it.

Nubits total supply has not gone up much since its inception at (a possibly artificial) $2,000,000.  Its volume is a deceiving feature.


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Don't forget that we will be able to vote and even hard fork to change this rule.  No need to constrain consensus.  There may be opportunities we do not yet see


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