I did think about that some time after posting but eventually forgot and didn't come back to clarify. I'm glad you brought it up.
Having said that, do you have a timeline for the beginning stages of BTC/LTC/DASH implementation?
And how do you plan to convert the miners to use your system? Here you are preaching to the choir of course (I do believe your idea has merit).
Finally, regarding approving all your delegates, I was under the impression (do correct if I'm wrong) that voting for more than one delegate from the same entity is to be frowned upon, as it puts too much power in the hands of a single entity/person/organization ?
In other words, why displace 5ish other delegates with yours ? And do you believe this to be fair? (neutral/probing question)
Looking forward to evaluate your response.
1. Timeline depends on when the delegates get in of course.. but dev time is looking at roughly about 3-4 weeks following. It is far more important that we first get the core platform updated and our payout system completely automated before we start supporting sha256. Otherwise we will just end up with a lot of unhappy/frustrated miners.
2. Strategy is simple.. make our mining pool the most profitable pool out there. That has been the mantra since day one. We are using delegate funds in part to put towards the pool to increase profitability until we are able to scale to where our profitability increases against other pools. We have zero network fees and a
bonus as the present offering. Consistent and reliable daily payouts, prettier analytics, and best of all, transparency are all the elements we can compete on. Besides mining other coins, we are also going to be mining other pools as well. So in the end, miners that point to our pool are assured of the best and most profitable mining. Of course this will all be marketed everywhere like crazy and will attempt to forge partnerships with rig rental and cloud mining operators.
3. Pheonike already gave some input into this. If you look at the current 101 there is at least one operator that is visible that has 4 positions. Many of the other 3% positions are questionable unknowns. There are many others that actually have 2-3. With these delegates, you know who we are. We would have a footprint, but nothing that could cause any issues.
I am sure you have followed the changes coming up in DPOS 2.0. Our bid for all these delegates is really to get things started now with the system we got. Later when the new system comes into effect we are going to switch it to a worker proposal. You can see the thread where this all started and the many contributors who put in their money to see this happen now:
https://bitsharestalk.org/index.php/topic,16238.0.htmlThe only reason we have this many is because of the market cap situation, and the number were determined by community members deciding how much they wanted to see this project supported and how quickly it could be built up.
And to top this all off.. the benefit of having at least 7% of delegates located and operated by a nuclear bunker data center I think offers a certain degree of added resilience to the network. If/when everything goes to hell, your BitShares will still be safe and sound in a nuclear bunker.
Is it fair? You can look at the 101 and determine for yourself if you think there are 6 delegates that are going to be displaced that you think are providing more value to BitShares than this project can.. or even does at present.. then I think that is the answer to your question. Take note of the post above about our green bars... then go to
http://bitsharesblocks.com/delegates and see how many have not updated for the latest fork. At the time of posting this 20 out of the 101 have not kept updated. Even more are not contributing to feed data. Vote for our delegates is a vote for removing/reducing that.
I say all this though in light of DPOS 2.0 just around the corner by my estimation in 2-3 months. When all that comes around I believe ours and all other multiple delegate positions are going to disappear and get wrapped up into one each if at all detaching witness worker and delegate roles.
Do you think its fair?