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The supply of BTS is over 100x that of BTC, for that reason I dont think we'll see price parity.
On blockchain level ... maybe not yet in the GUII think the blog post regarding what's coming with 2.0 is a good text to send everybody. It tells what new is included (confidential & stealth transactions) and what is postponed (bond market) and what works but is still under development (tx processing speed). It would be good to let everybody know what is expected when launch happens so they don't have to complain about "tx speed isn't what was promised, devs lied to us!" etc.
So confidential/stealth transactions made it to the initial version?
I weep tears of joy !!! And privacy.
No problem, I am no stranger to the command line. Great to know the support is baked in the protocol
karnal - I am not so sure what on 'blockchain level' means when used by xeroc. I will not be assuming it means you can access any meaningful command through the CLI . When BM uses "it is supported on blockchain level" it means:
Blockchain interpretor after receiving/reading such transaction: "What the hell is this? Am I supposed to do something and what? Hmm... I do not see anything violating any rules, so will just collect the fee and do nothing"
xeroc - do you have any actual knowledge, or are you basing it on the fact it was not mentioned as something that will not be implemented from the very begining, like the bond market?
Currently the web wallet does not support generating or receiving confidential transactions, but the command line wallet has full support for them. More details on how to use confidential/stealth transfers will be made available in the weeks ahead.
Thanks for all the feedback guys!
This was definitely not an easy decision for us, we don't like ads and were looking for alternatives for quite some time. We spent over 5k USD on server/domain/ssl/anti-ddos/backups since we took over the forum (even though participation has fallen since the devs are working on their stuff, lurkers are plenty).
We pretty much need 500 USD/month to cover all or costs. We don't expect to make that with adsens, but it's at least something.
@devWhat is the status of the privacy of transactions in 2.0? I have been awayThere will be blinded, stealth, and stealh-blinded transactions. Blinded
traveling for a few weeks now and only occasionally check. Could someone provide
the tl;dr?
transactions "hide" the amount and keep everything else readable by everyone,
while stealth addresses remove the idendity of the receiver .. combined they is
a transaction with "hidden" amount to an unknown receiver. Through keep in mind
that stealth addresses will not work on web wallets AFAIK.
Will this be implemented when the 2.0 comes out or is left to be implemented later?
I'm almost certain this will be implemented at launch.
Dan was talking about this structure a couple months ago.
2. Added Confidential / Stealth Transfers
One of the things we lamented in our original announcement was that bitcoin-style privacy was an illusion. Ironically on the same day we announced Graphene and BitShares 2.0 Blockstream released an implementation of Confidential Transactions which is well understood and computationally viable. After reviewing their approach we decided to implement them in Graphene for BitShares 2.0.
Confidential Transfers hide the amounts being transfered while still allowing those who validate the blockchain to verify that the balances transfered sum to 0 and are not negative. Stealth transfers are used to automatically generate a unique key for every transfer. The combination of these two features means that it becomes pratically impossible for a 3rd party to identify how much you have sent or received or who is sending money to whom.
If you are willing to reveal who is sending to whom (but not how much) then it is even possible to use confidential transfers with regular hierarchical threshold multi-sig accounts.
Currently the web wallet does not support generating or receiving confidential transactions, but the command line wallet has full support for them. More details on how to use confidential/stealth transfers will be made available in the weeks ahead.
I am paying 1000 BTS per chapter of the BitShares 101 book into German:I'd rather have a bts 201 book written and translated by then .. some statements in 101 are obsolete.
https://bitsharestalk.org/index.php/topic,16101.0.html
If possible, I would love to provide these at the Expo, so the more languages, the better!
I hope i can release some nice whitepapers until then
yupindeed that would be nice
Could one of you guys make those changes to the github 101 then? I will use your work to hire someone for the german translation from that point.
I really think we should have a 101 for folks.
Obsolete only Chapter 6 and 7 all rest it's a general idea of BitShares.
What is the status of the privacy of transactions in 2.0? I have been awayThere will be blinded, stealth, and stealh-blinded transactions. Blinded
traveling for a few weeks now and only occasionally check. Could someone provide
the tl;dr?
transactions "hide" the amount and keep everything else readable by everyone,
while stealth addresses remove the idendity of the receiver .. combined they is
a transaction with "hidden" amount to an unknown receiver. Through keep in mind
that stealth addresses will not work on web wallets AFAIK.
The hard part is calculating the price feed because I don't know your system very well at all.
In terms of consumer adoption and spending on goods and services, I would argue the best source would be BitPay. (Over 60 000 of the circa 100 000 Bitcoin accepting merchants process their transactions via Bitpay.)
Their Q2 numbers show fairly strong growth specifically in Latin America and Europe which I highlighted.
They also provide a breakdown of their transactions by industry in the report.
https://blog.bitpay.com/bitcoin-a-new-global-economy/
The most striking data point from the Coinbase and BitPay posts was what was missing: actual real user numbers. Neither one of them is willing to publicly say how many monthly active users (MAU) they have which stands in contrast to other fintech companies, financial institutions and “social media” startups they like to compare themselves to.
...
Similarly, BitPay numbers are actually pretty sobering. We know demographically from both the CoinDesk report and the leaked Coinbase pitch deck that the over 80% of all bitcoin holders/owners are males between the ages of 18-45. And that the majority of the overall users reside in North America. Yet according to the BitPay charts, North American volume has been relatively flat the last 6 quarters.
So if the largest group of bitcoin owners are not using their holdings despite a marked increase in available merchants, that is probably not an indication that they are interested in spending their funds and probably see bitcoins as an investable asset than actual money. BitPay also does not disclose aggregate USD or euro volume. Startups like to make noise when they are doing good or can show growth; if the value of their volume was actually growing, they probably would say.
And while transaction count in Europe and Latin America appear to be growing, perhaps the collective value has stayed the same (the Latin America numbers are also a bit misleading; it’s easy to show large growth percentages when you start from 0).
Another point about BitPay’s post is that they don’t really say what “IT services” is. Notably absent from this post, compared with their post in April, is what “mining” related activity is. Recall that some miners, such as KnC and now defunct BFL were (are) using BitPay as their payment processor. In fact, in BitPay’s post earlier this year, “Bitcoin Mining” — by volume — represented the largest share of volume processed. Does “IT services” now include this previously large segment?
My goal buy now, sell when 2.0 comes out if there's a spike in price after the release, good idea? bad idea?
