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Messages - happybit

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61
General Discussion / Re: Can PTS be made PoS as per PND or BlackCoin
« on: October 15, 2014, 04:01:22 am »
Quote from: tonyk on October 15, 2014, 02:29:55 am
Quote from: robrigo on October 15, 2014, 02:24:38 am
There's a discussion about moving PTS to DPOS here: https://bitsharestalk.org/index.php?topic=9548.0

He does not care Rob, he just likes the sound of his own voice in his personal chamber.

Ohh man, how smart he feels listening to the sound of his own voice, repeating his wisdom....  again and again and again

yes he does, Rob.  Thanks!  +5% 

Tony, how did you know I suffer from serious subvocalization.... oh yeah, takes one to know one!  -- my problem is I read my words in English but then hear them in a different language!  You too!? 

So confusing, isn't it?  :D

62
General Discussion / Re: An open letter to Tonyk
« on: October 15, 2014, 03:57:26 am »
Hahaha!!!

GLAD I FOUND THIS POST!

I understand this TONYK character a bit better now.

I hope to one-day have a thread of my own.  Dedicated to all the "Happy" Bits of Bitshares!

I know I will not change his way of communicating, he seems to have his own style -- maybe we'll meet somewhere and trade jokes, yours are super confusing to me in writing.  Must be because of your Superior writing skills, and my lack there of!  :P

63
General Discussion / Is ONE 10s Block really more secure then 6 BTC block confirmations?
« on: October 15, 2014, 02:17:08 am »
I heard on one of the many many hours of videos about Bitshares Dan or Nikolai mention that ONE 10s Block is more secure then 6 BTC block confirmations

Is this true? 

64
General Discussion / Can PTS be made PoS as per PND or BlackCoin
« on: October 15, 2014, 01:50:59 am »
I followed closely the transition of PND (Panda coin #3) from DOGE style POW to (I believe) BlackCoin style PoS

They have completely redesigned the 'QT' and rebranded it PandaBank.  It is really slick etc.. but most importantly it is no longer POW!!!

In the spirit of Bitshares, wouldn't it be a great idea to fork PTS to become Proof of Stake

PND started out to be a 100billion PoW coin, and then after about 3-4 months they just all of a sudden forked and capped the total number of pandas at 32billion.  It went rather smoothly.

[i'm not here to promote PND, but here are is the link to the site I'm talking about: http://pandacoinpnd.org/]


Any thoughts on this?

65
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: October 15, 2014, 01:38:59 am »
on the theme of my earlier "stupid question" about poor Dan being STOPPED PERMANENTLY   :'(

What would happen if the US Gov't "Shremed" the whole team in the USA?  (Shremed = Jailed, blocked, detained)

What percent of "all core/lead developers"  NOT residing in the USA?   :)

PS: I haven't found the site/video where Dan discusses this, could someone please share the link, thanks.  :)

66
General Discussion / Re: 5% Annual inactivity fee applied to unclaimed stake?
« on: October 15, 2014, 01:34:00 am »
Quote from: Empirical1.1 on October 12, 2014, 03:34:58 pm
Bytemaster has said you could easily spend/need $10 million a year to keep BTSX competitive for the next 10 years. Unfortunately this is unlikely to be able to be derived from fees alone.

(Currently 36% of BTSX remains unclaimed) However if we assume that 5% of all BTSX is never claimed then a 5% annual inactivity fee would provide 0.25% of BTSX a year to fund development.

At a $2 Billion CAP this would be $5 million a year.

So I'm open to an inactivity fee as it could provide a significant funding source once BTSX got a reasonable CAP even if it was only applied to stake that was never claimed.

Thoughts?

from the OP above, I was wondering how you can see how much has been "unclaimed"... where can you garner such data about BTSX DAC ..and others?

67
General Discussion / Re: 5% Annual inactivity fee applied to unclaimed stake?
« on: October 15, 2014, 01:05:41 am »
Quote from: starspirit on October 14, 2014, 11:45:52 pm
Quote from: bytemaster on October 14, 2014, 07:16:16 pm
Quote from: gordonhucn on October 14, 2014, 04:09:20 pm
Quote from: gordonhucn on October 14, 2014, 04:06:20 pm
It doesn't make sense to me. The fee will force people either sell their unclaimed stakes or transfer the stakes once awhile , neither way you can get 5% fee from them, unless they don't know about it at all. Which means although this can be announced as widely as possible but the punishments will only drop to the people who hasn't heard it, it still feels morally not right.

People with unclaimed stakes paid for their stakes as everyone else, they are being more supportive to the whole market than the dumpers at least.

A fee that can be avoided with a as little work as importing your wallet and making a single transaction is not really a fee.    All future DACs will have a much stronger inactivity fee: losing 100% of your stake over 12 months if you don't get involved within the first 3 months.   This is a good way to drive new users to try out your DAC and gain adoption.  Otherwise many people may not even bother trying a new DAC.... silent partners if you will.     

As mentioned elsewhere above, no rational person will pay this fee, so it only really catches those unaware of it. Or perhaps they are aware of it, but with so many DACs coming out, they don't have time to test everything all at once, despite being supporters, and make a timing mistake. Should they be justly penalised? It does not actually penalise anybody for being a "silent partner" if they are aware of it, because they can do such a small (yet unnecessary) thing to avoid it. In theory everybody could avoid the fee and still not use the DAC. I concur that this does not sit well with me.

The incentive for people to try the DAC is the opportunity to gain something from its use or to understand its potential better. That needs to be promoted.
If this is required for funding, are there not better ways?

I think one better way to "expose" people to their shiny new DAC would be to give them a guided tour, introduce all the new services etc, and get a little treat of "extra shares" for having done it.  Like in Reward Training vs. Discipline-Based, I go for the reward!

and all the (transplanted) DOGE supporters would probably do too!  :P

68
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: October 15, 2014, 12:58:55 am »
Quote from: merockstar on October 14, 2014, 11:36:30 pm
Quote from: happybit on October 14, 2014, 09:28:44 pm
Quote
If you were interested in upcoming bitshares DACS that honor the PTS/AGS
snapshot social consensus .. than you should buy pts

if i did buy some PTS/AGS how do I get "my share" of future DACS

is there a publicly (transparent) blockchain-explorer type site where these 10% allocations are viewable?

I see the point of new dacs "giving" to PTS/AGS holders, but how do they "give" is there a nice site to browse previous allocations like that?

They add the addresses of people who donated to AGS/are holding PTS to the genesis block of the new DAC. Then you download the DAC, and you use your private key to prove it is you who donated/was holding PTS. Before the DAC comes out the developer usually posts a list of all the addresses and how much they're getting, so you can verify that the amount you're getting makes sense mathematically.

Thanks... I will have to do this a few times, and I will get it.  I was just wondering if there is a site to see this data now.

I'm trying to understand this, so I can better explain to others :)

69
General Discussion / Re: 5% Annual inactivity fee applied to unclaimed stake?
« on: October 14, 2014, 11:18:15 pm »
Quote from: bytemaster on October 14, 2014, 07:16:16 pm
Quote from: gordonhucn on October 14, 2014, 04:09:20 pm
Quote from: gordonhucn on October 14, 2014, 04:06:20 pm
It doesn't make sense to me. The fee will force people either sell their unclaimed stakes or transfer the stakes once awhile , neither way you can get 5% fee from them, unless they don't know about it at all. Which means although this can be announced as widely as possible but the punishments will only drop to the people who hasn't heard it, it still feels morally not right.

People with unclaimed stakes paid for their stakes as everyone else, they are being more supportive to the whole market than the dumpers at least.

A fee that can be avoided with a as little work as importing your wallet and making a single transaction is not really a fee.    All future DACs will have a much stronger inactivity fee: losing 100% of your stake over 12 months if you don't get involved within the first 3 months.   This is a good way to drive new users to try out your DAC and gain adoption.  Otherwise many people may not even bother trying a new DAC.... silent partners if you will.     

What? I may loose all my BTSX after 12 months, if I don't do something in the first 3 months?

What if I do something after 93 days? Just a day over 3 months? -- please clarify this idea, it is crazy can this be implemented in already running DACs?

70
Technical Support / Re: BTSX Price Per Share
« on: October 14, 2014, 11:01:26 pm »
Is anyone working on getting BitPay onboard to accepting bitUSD?

71
Technical Support / Re: Where do you buy BTSX?
« on: October 14, 2014, 11:00:15 pm »
Quote from: trader on October 14, 2014, 10:57:33 pm
Quote from: happybit on October 14, 2014, 10:42:27 pm
can I just send the BitUSD to my account?  -- the same one I sent the BTSX before?

Yes your BTSX stores shares and BitUSD, so you can send it all to your wallet account.

thanks!  I noticed that there is a 2% spread on Bter for bitUSD-USD... is that "normal" ?

72
Technical Support / Re: Where do you buy BTSX?
« on: October 14, 2014, 10:58:33 pm »
I thought I would do a little "test" of buying bitUSD and BTSX on BTER with 0.1 Btc each

and then see what I end up after I transfer both to my account (somehow, I haven't done this before)

and then use BitshareX to buy BTSX with bitUSD

anyhow, this whole thing got thwarted with the HUGE spread in USD-BTC price on Bter.com!!!

it is now $417 sell, and $375 buy!!!!

[i wish I knew how to do a quick copy/paste here of the screen]

73
Technical Support / Re: Where do you buy BTSX?
« on: October 14, 2014, 10:42:27 pm »
Quote from: happybit on October 14, 2014, 10:27:26 pm
Quote from: Shentist on October 14, 2014, 10:15:21 pm
buy with BTC - bitUSD on BTER you can transfer bitUSD with 0% fee back to your account and trade bitUSD to BTSX on the BTSX exchange self

 +5%

THANK YOU!!! -- I will definitely give this a try!

can I just send the BitUSD to my account?  -- the same one I sent the BTSX before?

74
Technical Support / Re: Where do you buy BTSX?
« on: October 14, 2014, 10:27:26 pm »
Quote from: Shentist on October 14, 2014, 10:15:21 pm
buy with BTC - bitUSD on BTER you can transfer bitUSD with 0% fee back to your account and trade bitUSD to BTSX on the BTSX exchange self

 +5%

THANK YOU!!! -- I will definitely give this a try!

75
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: October 14, 2014, 09:28:44 pm »
Quote
If you were interested in upcoming bitshares DACS that honor the PTS/AGS
snapshot social consensus .. than you should buy pts

if i did buy some PTS/AGS how do I get "my share" of future DACS

is there a publicly (transparent) blockchain-explorer type site where these 10% allocations are viewable?

I see the point of new dacs "giving" to PTS/AGS holders, but how do they "give" is there a nice site to browse previous allocations like that?

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