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General Discussion / Re: Do you follow the Bitcoin trends?
« on: October 13, 2014, 04:30:46 pm »
Enlighten us, plz
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I wouldn't know why you would be exposing your stake to hackers when voting.
The more crucial question than much stake one is voting with (because that is easy = vote for 1 delegate and transfer all stake to your own account) is "for how many delegates is my whole stake voting for?".
Because: A shareholder's voting power is maximized when he votes FOR 101 DELEGATES with his whole stake. If a shareholder only votes for 1 delegate with his whole stake he only used 1/101 of his voting power. See http://wiki.bitshares.org/index.php/ApprovalVoting https://bitsharestalk.org/index.php?topic=5205.0
It is healthy / secure for the system if every shareholder maximizes the effect of his voting shares so that an attacker does have a hard time voting his bad delegates in. In the future delegate slates will solve this but it makes sense to create awareness for it anyway. Shareholders have to understand their "company" and the rights they have in it!
...This is also the reason why it is not selfish for a delegate to set up 20 own delegates because then a shareholder can vote for 100 delegates controlled by 5 people (who each have 20 delegates) he trusts. Delegate slates will be a solution to this but until they are established this is better than only voting for 5 delegates controlled by 5 different people.
This may be what you are looking for: https://bitsharestalk.org/index.php?topic=1425.0
Bitcoin is pulling further and further away from the competition everyday. The gap of usefulness and adoption is not closing. Bitcoin is increasing its usefulness faster than any altcoin, simply due to network effects. Adoption is driven by usefullness. BitsharesX is not useful because it has virtually no adoption. Technology can increase usefulness only to a limited degree.
I know this argument well. It's one I used to personally hold onto until I realized one crucial thing... How technically difficult do you think it will be to tweak BitPay, Coinbase, Circle and every wallet that exists to be universal? It's pretty easy. Bitcoin is a proof of concept that's doing a great job laying the initial infrastructure but it you seriously think that infrastructure is "locked in" for bitcoin...
I have talked with David at Maidsafe... they will use our DNS system as they don't have a solid solution to that at this time.
wow, great news
I have talked with David at Maidsafe... they will use our DNS system as they don't have a solid solution to that at this time.
There is still quite a bit of value here for websites with questionable political content. (and hopefully not nauseating illegal porn)