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Messages - fluxer555

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661
General Discussion / Re: Block Explorer and Delegates Listing
« on: September 30, 2014, 02:41:52 pm »
Older blocks have latencies in the millions... :) Maybe for those you can just list 'n/a'

662
General Discussion / Re: the name of 'bitGLD' should be reconsidered
« on: September 29, 2014, 03:07:52 am »
My vote is for BitXAU for sake of unambiguity. The peg's Nash Equilibrium relies on all parties having a very clear understanding of what the BitAsset is. If they aren't familiar with the XAU symbol, then they will learn quickly, and won't ever have to re-learn or make exceptions to what they know.

What if we wanted to make a BitAsset that tracks the ETF?

663
General Discussion / Re: Alternative solution to feeds via delegates
« on: September 28, 2014, 09:58:11 pm »
the equivalent of USD-IOUs trading on BTSX from a trusted source like Bitstamp. 

What do you mean by this? Care to elaborate?

664
General Discussion / Re: Alternative solution to feeds via delegates
« on: September 28, 2014, 07:24:28 pm »
Or, the delegates could bypass the 'feed distribution' script, and implement their own distribution.

If they have a different price source than is available in the feed sources on the blockchain, then they can help everyone by submitting it.

665
General Discussion / Re: Alternative solution to feeds via delegates
« on: September 28, 2014, 07:16:30 pm »
This is actually to combat a 'best script' from dominating all the delegates feeds. Consider this:

1. Feed sources (e.g. exchanges, which are limited in number, less than 101) are made readily available for delegates through individual scripts. These scripts' sole purpose is to query whatever server the source comes from, and return a number (or set of numbers: price, bid, ask, order book, volume, etc.). Each currency pair at each feed source would have a script. The hash of each script is stored on the blockchain. These can be updated. (By delegate votes? delegate-voted developers?)

2. a 'feed maintenance' script which periodically tests all the scripts and through logic, and determines if any of the exchanges are being manipulated and/or giving false results. The hash of this script is stored on the blockchain, can be updated etc.

3. a 'feed distribution' script which through logic and quality checks (possibly using more than just the price, e.g. volume, spread) determines the best way to weigh the feeds. The hash of this script is stored on the blockchain, can be updated etc.

4. The delegate can choose a percentage of how much to trust this script, against his own manual feeds or private custom script, 0% - 100%. This number is public Using the 'feed maintenance' script, 'feed distribution' script, and optionally his own feeds, the delegate now is serving all the feeds required.

The current system promotes laziness in the delegates, as all they have to do is download the latest and greatest feed script and fire away. And I don't blame them, that's probably the best way to do things right now. It just makes for weak feed security, due to lack of diversity.

Besides of easy maintenance for delegates, the purpose of this is maintainable transparency, where shareholders can see everything that is happening and can feel more secure in the system.

666
General Discussion / Alternative solution to feeds via delegates
« on: September 28, 2014, 06:40:41 pm »
Shareholders vote for delegates, then delegates vote for feed scripts.

The feed scripts would be a lot like the automated scripts that are being passed around right now, except they would be stored on the blockchain, and executed by all delegates.

There could be an intermediary 'testing ground' for scripts, to be reviewed, and then confirmed legit. They could be cryptographically signed by trusted developers.

I think this intelligently offloads some responsibility from the delegates, which seem to be piling up unnecessarily.

If this proves to be an effective method, then all sorts of new code / new features could be introduced to BTSX in this way.

667
Muse/SoundDAC / Re: Tom yorke releases album through bittorrent
« on: September 28, 2014, 03:11:50 pm »
They made some masterpiece albums like 'OK computer'.

My #1 favorite album of all time...

I think Radiohead or U2 would be interested in something like PeerTracks.

668
I'd like some too please :)

ID: flux

 :P  sent

I think the FUND slogan can be :have some fun    (reads like have some fund,also)

Thank you!

670
sorry for crossposting:
Fussyhands,
The statement: "the buying power of gold is highly volatile" is a subjective statement rather than a "FACT". When you use words like "highly" "extremely" you are making a subjective judgment and these statements must be considered in context.  In the context of the discussion taking place about altcoin cryptocurrencies I think it is fair to say that the buying power you can expect from gold is significantly less volatile and more predictable than the buying power you can expect from most altcoins.  Rather than present the statement as incontrovertible fact, perhaps if you explained more specifically what "highly volatile" means to you there would be opportunity for agreement.

Agent, your level of reason and diplomacy is oddly arousing...  +5%

671
General Discussion / Re: An open letter to Tonyk
« on: September 27, 2014, 05:44:10 pm »
fussyhands, can you please send a link that backs up the facts you are supporting? I tried googling your suggested search term, and all I can find are things that say gold actually has stable buying power. I'm open to the possibility that they are all misguided, however your suggestion for research is not proving effective.

672
General Discussion / Re: Aren't BitAssets sort of like naked short selling?
« on: September 27, 2014, 05:39:04 pm »
BitUSD are not USD. They are a dynamic bundle of BTSX. BitUSDs increase the supply of USD as much as mining BTC does. In other words, they don't. More BitUSD doesn't even directly affect the market cap of BTSX, since all BitUSD are not created "out of thin air" and are collateralized by BTSX. (However, since they are collateralized by 200%, this increases the demand for BTSX, thus having the effect of driving up the price :) )

673
If BM and the dev team really don't want account transferring, perhaps they could implement an 'account burn' feature, which allows you to permanently disable an account from sending/receiving/transacting. Any person attempting to send this account funds would get their funds sent back, with the memo that the account burner used in their burn transaction.

On second thought, maybe the memo feature would be too useful to an account hacker, eg "btercom has a new address, please send funds to xxblademasterxx for all future deposits instead."

674
I have 80% BTSX, 10% PTS, and 10% NXT. I used to be around 40/60 BTSX/BTC, but that was before the price exploded... :) After that I decided to sell the rest of my BTC for PTS/NXT, as I realized like MeTHoDx that all of crypto sits on top of the BTC price anyway, at least for now.

675
I'd like some too please :)

ID: flux

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