91
General Discussion / Re: Maker Taker on Polo
« on: March 10, 2016, 02:28:06 am »
isn't this what we are doing essentially with out new liquidity incentives?
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92
General Discussion / Re: Would you support 2% dilution to BitAsset Yield for a 6 month limited trial?
« on: March 09, 2016, 12:00:52 pm »
Yes, it does appear that this "yield harvesting" is no different than what DASH has successfully done with its "Masternode" incentive to lock up value on the blockchain creating scarcity on the open market and raising its share price.
And since DASH has an enviable market cap from our perspective (one that would speed up our development funding), then I am on board. Because after all, the one thing we need in order to achieve our dreams here is dev funding. Imagine what we could do, and how fast we could do it if our market cap was around 30 million like DASH.
And since DASH has an enviable market cap from our perspective (one that would speed up our development funding), then I am on board. Because after all, the one thing we need in order to achieve our dreams here is dev funding. Imagine what we could do, and how fast we could do it if our market cap was around 30 million like DASH.
93
General Discussion / Re: [Pool] After Stealth and RLFT, what would you like to do next?
« on: March 09, 2016, 12:47:06 am »
Going with the BTC sidechain will show the crypto community that we are here to help bitcoin by providing them with useful services.
94
General Discussion / Re: Lets woo basic coins to migrate natively to our blockchain.
« on: March 08, 2016, 09:03:03 pm »
ah, door to door sales
a tried and true marketing endeavor
count me in
a tried and true marketing endeavor
count me in
95
General Discussion / Re: Would you support 2% dilution to BitAsset Yield for a 6 month limited trial?
« on: March 08, 2016, 09:42:18 am »
The short term goal is simply getting a critical mass of money into BTS so that we can charge a fee whenever the "depositors" choose to collect their accrued interest. Once we reach deflationary status (profitibility), then we can tweak economic incentives. Because currently, we are paying for a ton of unused bandwith (paying witnesses to watch 5 transactions per minute, when it costs us the same to process thousands).
The system is already costing us money to run, so we might as well offer a bunch of simple services (bank with us and we will give you interest like Masternodes) to get the fees rolling in.
The system is already costing us money to run, so we might as well offer a bunch of simple services (bank with us and we will give you interest like Masternodes) to get the fees rolling in.
96
General Discussion / Re: BitShares - complete #Meritocracy - Daily Decrypt
« on: March 08, 2016, 09:33:50 am »
Feel free to re-distribute as many as you want, and way you wish. You are free to do so.
97
General Discussion / Re: OPENPOS :: Smartcoins Point Of Sale (POS) & BitShares Wallet for Android/iPhone
« on: March 07, 2016, 08:56:24 pm »
kick ass Ken Code!
98
General Discussion / Re: Is Bitshares attempting to get on Microsoft Azure?
« on: March 07, 2016, 04:05:07 pm »
We are the 6th oldest crypto in the top 10
99
General Discussion / Re: The Bitshares blockchain as the first public sidechain for Bitcoin
« on: March 07, 2016, 01:43:05 pm »
check this out
rootstock is doing this too:
https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8#.mkv9x51zt
and this sidechain conversation at bitcointalk:
rootstock is doing this too:
https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8#.mkv9x51zt
and this sidechain conversation at bitcointalk:
Next Paradox:
Rootstock comes up with smart contacts using bitcoin: ( I do not see any Casper in yet... and no PoS :-) )
https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8#.npkfpas4w
Side-chains are insecure. DOA.
To the BTC chain itself? IMO it lowers the complexity,...
The security is reduced to that of the weakest side chain.
So the pegging needs to be transient !
I have no idea what you mean. Chain reorganizations in the weaker chain can cause people to lose their Bitcoins. The chains can get out-of-sync. There is no way for a block chain to securely reference any data point outside of itself. This is fundamentally why Augur and BitUSD can't function without centralization.
Yes - agreed, but I mean rather it has no negative effect to the main chain, if you don't care using the side chain.
I think the insecurity of the side chain can wreck the Bitcoin block chain. If I am mistaken, I request someone to point out why.
Please see pages 8, 9, and 12 of the Blockstream side chains white paper. It says that the coins on the Bitcoin block chain can be unlock by presenting a proof-of-work from the side chain, but that this can be invalidated by a longer proof-of-work. So this means that a lie-in-wait attack on the side chain could allow someone to unlock coins on Bitcoin's block chain, spend them, let others spend them in a fanout of derivative transactions, then reverse the Bitcoin transactions by presenting a longer proof-of-work from the side chain invalidating all those Bitcoin block chain transactions. In short, it seems to me a chain reorganization on the side chain can cause a chain reorganization on the Bitcoin block chain.
I am ready to go to sleep, so I am just skimming quickly with my re-reading of that white paper, so perhaps I missed something?
100
General Discussion / Re: Scenario of abusing rate limited free transactions for spamming
« on: March 06, 2016, 08:03:28 pm »
You're right, we didn't really think about that angle. It seems that we need to assume that at the worst case, every "free transaction" will generate a "free disposal" on the other end.
If the spam eventually becomes a problem, then we can always vote to raise the fees in the future. Remember, we are encouraging people to make transactions right now. Having spam marketers on this platform is a positive sign that this platform has value.
If the spam eventually becomes a problem, then we can always vote to raise the fees in the future. Remember, we are encouraging people to make transactions right now. Having spam marketers on this platform is a positive sign that this platform has value.
101
General Discussion / Re: Sidechain bitAssets
« on: March 05, 2016, 05:53:42 pm »
I agree, but since sidechains generate "transactions" by nature, then some % of future revenue can go toward paying the investors.
Essentially, a FBA, like with stealth, where whenever there is a stealth transfer, onceuponatime's FBA gets paid. Whenever there would be a sidechain transaction, some of the fees would go to the miner, and the rest to the FBA.
I would invest in such a FBA.
Essentially, a FBA, like with stealth, where whenever there is a stealth transfer, onceuponatime's FBA gets paid. Whenever there would be a sidechain transaction, some of the fees would go to the miner, and the rest to the FBA.
I would invest in such a FBA.
102
General Discussion / Re: Sidechain bitAssets
« on: March 05, 2016, 05:24:01 pm »
Didn't you hear the mumble?
Dannostein already has code for another project he could monnetize here, and we could have a multisig sidechain in 3 months effectively allowing bitcoins to trade on our 3 second smartchain, sucking all the bitcoins off the bitcoin blockchain and onto ours and creating perfect pegs in the process.
Total estimated cost:
$200k, a mere $5,000 Ethereum IPO investment (sold today)
We would effectively become bitcoin's "lightning network"
Dannostein already has code for another project he could monnetize here, and we could have a multisig sidechain in 3 months effectively allowing bitcoins to trade on our 3 second smartchain, sucking all the bitcoins off the bitcoin blockchain and onto ours and creating perfect pegs in the process.
Total estimated cost:
$200k, a mere $5,000 Ethereum IPO investment (sold today)
We would effectively become bitcoin's "lightning network"
103
General Discussion / Re: Ethereum price discussion
« on: March 05, 2016, 04:58:24 pm »Boy does ETH ever feel like a bubble now, but like all good bubbles it just keeps going up.
It has risen to close to 1/6th of Bitcoin market cap. The bubble is becoming a giant over a span of a few days.
Yeah it might just pass BTC and turn the crypto world on its head.
BTC would never recover I think. Good alts would flourish.
Bitcoin 1.0 Luddites would be forced to do some DD to learn what Bitcoin technology can really do.
It appears the smart ones have already started.
104
General Discussion / Re: OPENPOS :: Smartcoins Point Of Sale (POS) & BitShares Wallet for Android/iPhone
« on: March 04, 2016, 08:28:25 pm »
Get Gems pulled off an iPhone APP, so it's definitely precidented
105
General Discussion / Re: How "Free transactions" feature have to be promoted - VERY IMPORTANT NOTE!
« on: March 03, 2016, 12:19:50 pm »
Sure, I'll pony up 10k BTS for the bounty. Let me know who to pay when it's finished.
