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Messages - BunkerChainLabs-DataSecurityNode

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526
Dear Shareholders & Community,

As some of you already know, we (Committee Members) have started work on a new (USD-Denominated) fee schedule to incorporate some business concerns that have been brought to the current fee schedule in Bitshares.

As announced at the Hangout last week, we have started this thread as part of our best practices to get input from shareholders on this schedule so that we may ensure that we have taken all consideration of matters into account prior to putting forth a proposal.

To be absolutely clear: NO decision has been made!

We merely want to engage the community now for further discussion.

We encourage everyone to read the whole thing and only after that give constructive feedback.

Please Review the Following:



(1500+ lines of text/code)


Roadmap:
  • The fee schedule will be discussed for at least 7 14 days. During this period, we will incorporate and discuss shareholders input.
  • After those 7 days (unless decided otherwise, but not earlier) we will present the final fee schedule and run a vote on the blockchain.
  • This vote period for the blockchain proposal will run another 7 days allowing shareholders to adapt their votes if they see it necessary.
  • Following this the roadmap in the proposal will take effect.

Minimum review period to effect: 21 days 28 days.

If you know other shareholders who are not actively involved in the forum, please notify them of this feedback request regarding fees so that we can have as many shareholders bring their collective intelligence to this discussion.

On behalf of the Bitshares Committee, we thank you for your input, and look forward to a progressive and constructive consultation to help make Bitshares grow.

Edit note: 7 day period was extended to 14 in order to allow for the Asian community who are celebrating the Chinese New Year to participate.

527
We brought an issue to the forum for the whole community to participate as you have wanted @jakub . It stopped the committee from being able to take any action for almost 2 days now and thus far we have had nobody response except the committee themselves.

As someone who is concerned with ensuring the debunking of the idea of an elite committee, it seems important to you the community are the ones deciding on these things and not the committee. Can you @jakub please get everyone to stop talking about zero fees and other matters and get everyone to focus on this? We need to take action on this liquidity issue, but we don't want to have to work hard on it as you have said we shouldn't.

Thanks for your help.

528
Please do not compete with micropayments until IOTA is liquid so I can get back into BTS, because right now, I have several BTC non liquid locked in IOTA ICO.

I thought BTS chose not to compete in micropayments

Why now do you choose to take market share from Internet of Things?

https://bitcointalk.org/index.php?topic=1299209.msg13394486#msg13394486

BM said that he would work with IOTA, not compete against them!

https://bitsharestalk.org/index.php/topic,19534.msg251719.html#msg251719

BM said:

"I think there is potential for IOTA and CNX to work together on providing the best possible technology for micro-transactions."

Now he states that he will instate competitive pricing?!

IOTA can submit a Worker proposal to work with them and the community can vote.

BM can change his position as he pleases, but he doesn't represent the community.

IOTA if they were serious about wanting to work with Bitshares could submit their own worker proposal for microtransactions. If no action is taken, then it's open game to whom ever comes up with the solution.

Clearly though based on current results there is strong support for such an idea.

Note that all it is now is an idea.

529
General Discussion / Re: Happy New Year to all our Chinese cousins!
« on: February 08, 2016, 02:44:07 pm »

Make This The Year Of The +$1 Trillion Market Cap!!!

530
General Discussion / Re: Things I don't like about the committee
« on: February 08, 2016, 02:40:27 pm »
surely it's needed to seek consensus inside committee, and there is nothing strange for one committee member to consult other committee members before/after consulting the whole community.

committee members are similar to senators.

So what's the difference between a proxy and a committee member then?

You are effectively creating an elite of more privileged participants. Privileged to have special access to information and privileged to shape things up before they are presented to ordinary shareholders. This attracts the wrong type of people - those who enjoy power and privileges. Those who enjoy telling others: "we are very approachable".

Horribly wrong.

And unfortunately, xeroc, your initiative to consult political issues like fees with this self-proclaimed elite first, has set a terrible precedent.
I do believe your intentions were good and you only wanted to make the process more efficient - but I think you forgot about much more important principles.

Yes.. I would like to tell everyone we are approachable. At present the precedent set by others here in the forum is to do nothing but complain about it here in the forum.. when in fact Bitshares has a mechanism for taking action.

People in the forum have set as you like to call it, 'a dangerous precedent' for people to falsely believe that if any parameter changes need to be made or considered to bitshares, it must be posted to this forum. If you want to just jibber jab about it it, that is what you do. If you want to take action on something to make a change to bitshares, then make a proposal and/or contact a committee member so that you can present your issue or idea or get help to create a proposal.

There is nothing wrong with encouraging individuals to participate and let them know that it's not in the hands of the committee.. we ARE very approachable in this regard and want everyone to participate in making bitshares better. You want to hate on that thats your choice. Strawman.

There is nothing elite about this.. it's just a function. That's like suggesting devs telling people they are approachable about anything they would like to see happen with Bitshares is elitist. The only one characterizing it as some kind of elitism here is you.

You are choosing to try and warp and demonize what was a simple update that it seems 99.9% of people understood was made in good faith delivering a simple message of 'we want everyones input on fees next week, so watch for it. If you have suggestions, we are listening'.  You take issue with this. Fair enough. Encouraging community participation in fee schedule updates through all channels available should not be what the committee does. Got it. Instead we should just let the forum continue to ramble on endlessly with not actionable proposals. We can then call ourselves Bitcoin. Happy?

What is ironic about this steam of shifting complaints from you is that if I had said nothing at all, and instead just waited till we actually did a forum post which many would not even know about unless they follow every single post here, we wouldn't be getting this berating.

I gave an update on the hangout to ensure that we get the most community input/participation possible. You are instead saying it is better we say nothing at all, and do nothing. Then somehow, perhaps with some pixie dust and magic, an organized well thought out and analysed fee schedule will emerge via an outdated discussion forum that only has a fraction of a fraction of the community actually participating, english speaking only (wow that sounds really elite.. imperial really), and it isn't the major stake holders.

Create a Worker and get it voted in to make that the process to replace the committee if this is the way you believe shareholders want things.

The Worker system is very approachable for proposals (GASP IT'S ELITE TOO!  ;)). I can't say the same for the forum however. Good luck on that front.  :-X

Or you can create a new forked network with your ideas on governance. Wait, that would make you the elite then. Ug, it's an endless loop that nobody wins it seems.

Whatever you do.. just do it. Don't let your dreams just be dreams!

531
General Discussion / Re: Should we Abandon Proof of Stake Marketing?
« on: February 08, 2016, 07:24:01 am »
Bitshares runs on POO huh? :) 

Maybe we can spin that as the eco-environmental biofuel angle. :)

I have just realized what word this will create :(

This was not intentional. Nevertheless, maybe we could came up with something with similar meaning.

How about... Witness of Ownership Distribution.. AKA.. WOOD

The WOOD IS GOOD! :)

532
General Discussion / Re: Should we Abandon Proof of Stake Marketing?
« on: February 08, 2016, 07:10:02 am »
After reading a thread Will you vote yes on Bytemaster's "free transactions" proposal that he talked about at last shareholder meeting? and listening last beyond bitcoin hangout now I understand why this topic was created.

BM idea for me seems to be very innovative. I really like the idea, that I can buy not only a cryptocurrency, but also a right to use it bandwidth in the future. Right now bitcoins transfers seems to be cheap, but we do not know, what will happen, when Moore's law will stop work... and bitcoin network will have to rise the fees. It may be possible, that bitcoin will not scale to global usage so easily.

In the other hand, right now I can buy very easily significant amount of bitshares (because it is cheap) and buy the right to have a priority to use bitshares network for transactions.

I really like the analogy with shared house in the mountain, which can be used by all owners, according to some rules. Having that in mind, I would like to propose new name:

Proof of Ownership

it is simple, flexible... and all of us like to own things :)

This will be very easy to explain to people, that with buying a bitshares they also buy rights to:
- use network infrastructure
- vote through a system and make a decisions about their property
- as owner of the network they acquire rights to hire people (developers, witnesses)
- own the future profits (through the network effect) + future optional fees

People love to collect different things, what means that word "Ownership" has very positive connotation.

Bitshares runs on POO huh? :) 

Maybe we can spin that as the eco-environmental biofuel angle. :)


533
did not you guys attend the weekely Bitshareholder meeting?

are you two not on committee?

So nobody on committee listen to BM no more?

his proposal offers zero fees for small users, reimbursement for lifetime member referrals and is spam proof

low barrier for entry means more new users

Yes.. I am on the committee. How you arrived at nobody on the committee listens to BM anymore is beyond me though. I was the on that gave the Committee update just before BM. So yeah, I stuck around and listened afterwards to answer your question. :)

534
Yes. All things are decided by community votes.

535
General Discussion / Re: Things I don't like about the committee
« on: February 07, 2016, 07:11:50 pm »
Ok.. if all it takes is for me or other people in the committee to say that the hard work we do is just like the hard work of every other shareholder or is otherwise of no import what so ever then fine. I totally agree.

I think you are debunking a strawman.. but if that's what it takes to end this showboat minutia then fine. I haven't seen an avalanche of people chiming in agreeing with how you choose to interpret things.

Nothing I said in my update was out of line or untrue or whatever conspiracy insert here thing.

Over the past week there was tons of discussion if you call it that over fees and all I was there to do was let everyone know the committee heard and wants everyone to participate next week in further review. Unless you have a problem with progress this is all good news.

Otherwise all the discussion you want to happen in the forum just results in a lot of jaw - jacking and dissatisfied shareholders if the committee choose to just sit on our hands and wait for a proposal.

A proactive forward moving and thinking  committee is an asset to Bitshares.

What I am getting from this though is we should not be thinking. We should be monkeys that push a button based on some segment of shareholders whom we really don't even know why they voted for us. Again though this is counter intuitive to attracting the best minds. This seems to be part of your mission to debunking the unimport of the committee or it's members contributions. No problem just be sure when ever the committee does anything to remind everyone that the Bitshares committee are just monkeys. I am sure coindesk news and bitcointalk will love this characterization.

536
General Discussion / Re: Appearance of Deflation vs No Dilution
« on: February 07, 2016, 01:34:08 am »
In practical terms how would we go through a process like this?

537
General Discussion / Re: Appearance of Deflation vs No Dilution
« on: February 06, 2016, 03:35:40 pm »
Soooo could this all be perhaps better handled by better educating shareholders on what the Reserve pool actually is and what impact it has on share value?

538
General Discussion / Re: Things I don't like about the committee
« on: February 06, 2016, 03:22:13 pm »
Several committee members have posted about what they thought about things and have gotten feedback from the community.
I've seen only one case of this: xeroc (not a committee member yet) asking us about the 90/10 split idea.
Other than that, please point me to the relevant threads or I'll say it's not true.

You mean to tell me you haven't seen any posts from any Committee members in any of these threads? These are just a few off the top of my head in the past week..

https://bitsharestalk.org/index.php/topic,21202.0.html
https://bitsharestalk.org/index.php/topic,21314.0.html
https://bitsharestalk.org/index.php/topic,21326.0.html
https://bitsharestalk.org/index.php/topic,21293.0.html

The Committee members are always listening to what community is saying about anything related to fees.. and some of them weigh in on the discussions.... to go by your stated logic any committee members participating in an existing thread started by anyone else just doesn't count.

Oh and one of them WAS started by a committee member... considering your level of activity in that thread I can't believe you can't recall this.

As already noted and as I reminded all proxies today, they are welcome to join us in the telegram chat if they think it is going to provide some additional insights. You ( @jakub ) are already there and have had the option to check in at any time. I encourage all others to join in if they think it is of any value.
Again, I know that and that's not my point.
My point is this: all political discussions belong to the forum. If you are discussing non-political stuff, I'm not interested - you can have them on Telegram or wherever you want.

It would be impossible to have any kind of discussion in a timely manner that isn't hijacked by others. If the level of discourse is to take place among 300+ people at a time we would have no way to stay focused on any matter at any given time.


The idea of negotiated deals is highly unlikely. The idea of certain number of committee members who will vote a certain way only because another committee member has gotten them voted in is more plausible.
So you say it's plausible that committee members back up each other, but at the same time you rule out any negotiated deals between them.
That's an interesting view.

It's not that interesting.. it's just what is possible with the way the system is now.


Yeah.. the committee IS working hard.

Going over line by line every single fee schedule of the entire Bitshares ecosystem is a lot of work.

Discussing the ramifications of every single one is a lot of work.

Having not everyone agree about what each of those fee schedules is meant for and how it should be used is a lot of work.

So when I said they are working hard, it really is an understatement. Some have been more engaged in the process than others. I have found myself spending at least a few hours a day either reading over or responding to matters related to the committee.
That's the thing: I don't want you to work hard.
You are not supposed to, especially if you have an unpaid position.
That's why I said you probably misunderstood the purpose of the committee.

This is what should have happened:
Those of you who feel we need this new holistic approach to fees, should first run a forum thread and present the assumptions & outlines of this approach. Take this chance to argue why this new holistic approach is needed in the first place. Convince others that we need external business rules to be changed before we sort out internal liquidity problems.
Then, if you felt the idea has got some traction, create a worker proposal and reach those two goals:
- prove that your idea has enough support among the shareholders
- get some financing so that you do not need to work for free on every little detail of your implementation

IMO the committee is meant to discuss and make general political decisions, not do the the hard work on a very detailed level. This is what paid worker proposals are for.

Well you seen that one thread already started by bitcrab about 1BTS transfers... tell me.. how do you think the forum handled that? You are saying you want us to do this X 10 now with everything?

As for the paid worker proposal idea.. very unlikely that will ever get voted for given the current climate. You can keep that in your wish list though maybe when we have a $100m market cap. Perhaps then the Asian shareholders would be ok with it.


This forum doesn't represent the shareholders, so I disagree with the notion of it being Parliament. Until we have such a platform then it would make sense. DID YOU KNOW... the Chinese/Asians don't even use this forum.. most of the discussion happens in QQ. More than half of the Committee are there. So how about them?
This forum is the best substitute of a Parliament that we have.
If you want to switch to Telegram, I'm fine with that but then let's move *all* activity there and invite everyone, not just the proxies.
And why the proxies only? If any of you say something stupid, I want tonyk or luckybit or gamey or akado to be able to point it out for everybody to see.

I am pretty sure that every committee member has experienced that nonetheless from all those members. You seem more intent on getting some kind of entertainment factor out of this more of that rather than enabling the committee to have meaningful consultation.


2. I don't understand this in reference to a rebranding of the refer program. If this is regarding fees ok, yes that's what we discuss. We haven't specifically decided anything about rebranding the refer program as far as i know.
The referral program, as we have it now, strictly depends on the flat transfer fee being above certain level.
So if you consider a substantial cut to the flat transfer fee, then you have put RP rebranding on the table.

That would be your interpretation and definition.. not stated fact. I understand that you might perceive a lower transfer fee as a direct threat to your worker proposal, but I have already expressed differing views on that if you factor in other aspects. BM yesterday after dropping the bomb on no fees even went on to talk about % fees still being another 'tool in our box'.


We have had extensive discussions and input about the fees and how they relate to the refer program. Just as we have extensive discussions on every other element and how it might be impacted negatively or positively.
As I've stated above, we should have had these discussions *before* you set out to work on the fee overhaul and we should had have these discussions held in the public domain on the forum.

We did.. the whole forum is always buzzing with ideas and thoughts... as stated above.


We are doing everything based on shareholder feedback.
My impression is quite the opposite.

Who then? I love to know where we been getting all our input from then. Hint.. wasn't the bitcoin forums! :)


When we share this.. we are AGAIN seeking to get input and feedback from the community. It is going to be VERY difficult because there is going to be a fair number who may simply not bother to look at it all and decide to start things in descension instead of discussion.. because once again.. this forum does not represent the stakeholders.
I will certainly be one of those who will not bother to look into any details of you work *unless* you make a clear argument, why we needed this fee overhaul in the first place and what assumptions you have made.
So you could have saved yourself quite a lot of time and work, if the committee had set out to this task in the reverse order: first arguments, assumptions & outlines, then the actual work on details.

If you want to fold your arms up and say you are not going to look that is your choice. I personally think that's not a good idea and would be counter productive. Also.. if you really do want to stop it from proceeding, you best know what is in it.


On a side note.... This post has eaten up a good hour of my time. If I did this for every single post in the forum in response to one thing or another I would need to make posting in the forum my full time job. If you want Committee members to be fully paid thats up to the shareholders. I think that would be a bad idea personally at this stage.
As I said before, things like this should be paid from a worker proposal, which is also good, as it means they first need the shareholders' approval.
You've turned this process upside down, and now you try to make me feel guilty for your unpaid hours. Not fair.

You are recommending to create a worker then for committee members to spend more time in forums. The Worker feature is not a limitless gravy train for anyone to just reach into. I understand there are misconceptions about its impact as far as this idea of dilution, but the impact of that perception is still real.  Again.. $100m market cap later perhaps this is something to consider.. but I am a little taken aback you feel that the Worker is something we should so freely access for such things.

539
General Discussion / Re: Things I don't like about the committee
« on: February 06, 2016, 10:11:33 am »
Perhaps I didn't deliver the message as clearly as hoped.

1. Committee ISN'T making decisions outside of the forum. As I said in the update, we have been in the forum engaged in numerous threads taking in feedback from the community about everything. Several committee members have posted about what they thought about things and have gotten feedback from the community.

As already noted and as I reminded all proxies today, they are welcome to join us in the telegram chat if they think it is going to provide some additional insights. You ( @jakub ) are already there and have had the option to check in at any time. I encourage all others to join in if they think it is of any value.

The idea of negotiated deals is highly unlikely. The idea of certain number of committee members who will vote a certain way only because another committee member has gotten them voted in is more plausible.

Yeah.. the committee IS working hard.

Going over line by line every single fee schedule of the entire Bitshares ecosystem is a lot of work.

Discussing the ramifications of every single one is a lot of work.

Having not everyone agree about what each of those fee schedules is meant for and how it should be used is a lot of work.

So when I said they are working hard, it really is an understatement. Some have been more engaged in the process than others. I have found myself spending at least a few hours a day either reading over or responding to matters related to the committee.

It depends on what your definition of 'engaged' in discussion threads really means. I am not detached at all.. but rather have been reading over everyone's input and considering all the aspects. Just because I am not regurgitating every thought at every given time in the forum doesn't mean I am not engaging.

I rather be MORE thoughtful in my approach. I actually am not happy with the way matters recently came up and how I responded to them. It might have been due to the approach taken, but it created a situation that made the community look like it was in civil war.. and I look back now and see how I got caught up in some of that in a way that is not conducive to consultation and unity. I can only hope perhaps some of the other committee members have learned the same lessons.

This forum doesn't represent the shareholders, so I disagree with the notion of it being Parliament. Until we have such a platform then it would make sense. DID YOU KNOW... the Chinese/Asians don't even use this forum.. most of the discussion happens in QQ. More than half of the Committee are there. So how about them?

I agree that the best minds do need to be on the committee. Question remains what they should be. I remember way back when we launched everyone had the perception that the best minds were DEVs, and that devs should make up the committee. So many people never stepped up. Finally  we got 'doers' getting into the committee.. people who see something needs to be done and take action. Great! So now we want 'the best'... well the community has voted for those whom are willing to take public beratings like this available for vote. So long as berating is the standard though, don't expect 'the best minds' to want to be involved. We will have to settle for the emotionally mature. :)


2. I don't understand this in reference to a rebranding of the refer program. If this is regarding fees ok, yes that's what we discuss. We haven't specifically decided anything about rebranding the refer program as far as i know. We have had extensive discussions and input about the fees and how they relate to the refer program. Just as we have extensive discussions on every other element and how it might be impacted negatively or positively.

I think a lot of what this post is about is the very reason why I am not as 'actively engaged' in the forum as you defined it. Some of the foregone conclusions and feelings you have reached on where things are at and what is happening I think are a direct result of reading too much into a few random commentaries from some members of the committee and taking it as decisions when really they might have just been thoughts they had at that time, or even just their own positions/opinions. Perhaps even due to language barriers because more than half of the committee are Chinese/Asian.

We are doing everything based on shareholder feedback.

I will state it again since my update in Mumble didn't seem to come across clearly enough.

Next week sometime, we will be releasing an update from the committee *on the forum* on a new fee schedule that takes a holistic long term approach to ALL fees in Bitshares.

We have WORKED HARD on coming up with this schedule based on all the the input from various discussions here on the forum and among committee members.. whom all proxy voters are welcome to sit in on and watch and discuss with if they like. Xeroc for weeks now has been engaging in discussions with the committee as a proxy only. He spent 3 solid days helping to organize a proposal so that we could come together in a more meaningful discourse and analysis of every fee in Bitshares. It was only in the last few days he finally joined the committee. (Welcome once again @xeroc :) ).

When we share this.. we are AGAIN seeking to get input and feedback from the community. It is going to be VERY difficult because there is going to be a fair number who may simply not bother to look at it all and decide to start things in descension instead of discussion.. because once again.. this forum does not represent the stakeholders.

From all of that the Committee will WORK HARD AGAIN to come to a final consensus based on everything and then put a proposal together that may or may not be voted in by all committee members.

If the community members don't like how that vote is going, the community always has the option to vote out those committee members and make their votes no longer count. So if you think TPP is being rammed down your throat after all of that, good news, you can just vote out your gov before it even happens... assuming that is what shareholders want. After this much due-diligence and careful consideration of everything though, I don't see that likely to happen.

On a side note.... This post has eaten up a good hour of my time. If I did this for every single post in the forum in response to one thing or another I would need to make posting in the forum my full time job. If you want Committee members to be fully paid thats up to the shareholders. I think that would be a bad idea personally at this stage.

All that said.. I like to just share a link to an interesting story about Uber. It really illustrates some points about how a company has to make decisions that sometimes don't look like the best idea from the customers perspective, but is absolutely essential to addressing supply/demand.

https://www.linkedin.com/pulse/three-things-i-learned-during-4-years-uber-michael-pao

It's a good read with some real world examples based on real world experience.

Hope this helps clarify.

540
General Discussion / Re: Should we Abandon Proof of Stake Marketing?
« on: February 05, 2016, 02:46:47 pm »
The whole movement of the Left capitalist critiquing clique, when they finally realize that blockchain based value transfers is the future, will decidedly favor green ecological POS with governance structures over machine-like, energy intensive POW. The fact that everyone is moving to POS, masternodes etc. puts us ahead of the curve, and the fact that ETH are moving to POS should completely vindicate our pioneering role.

I am not sure who you have been talking to recently, but for my part I see the mood having shifted gradually in our favor all through 2015. I don't think any longer the POS/POW debate is our weak spot. We're rather back to the fact that BitShares is confusing to people, that we have fewer developers joining in, and that people are unsure about the market mechanics and how all that will work.

The primary challenge as I see it is to convince the left that this apparently cynical, capitalist cryptocurrency/cryptoshares new internet value transfer economy really is the best chance we have to restructure the existing financial system in a way that provides transparency for big actors, anonymity for small actors, lower barriers of entry for value creation in the third world, and giving the means and power back to the people to self-organize in meaningful ways without centralized structures of authority.

^ This... When you talk to people who are not in crypto about the power consumption of the bitcoin network they are taken aback.

When you listen to people in crypto talk about bitcoin they talk about it in in terms of 'computing security' as a means to enforcing a barrier to entry story. i.e 'No point trying to duplicate this because its so massive.. just use bitcoin'.

I think if you want to tweak what we are now in 2.0 a bit I don't think that is much of a departure. Fact is... we no longer have the Delegates in DPOS.

Could maybe call it WPOS (Witness Proof of Stake)

You guys know that we are listed as POS in Wikipedia. https://en.wikipedia.org/wiki/Proof-of-stake

Maybe after we make WPOS I can create a wiki page for it.

I also like the whitepaper thing.. though I know its difficult to justify that time.

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