...explains and analyses the "tipping point", that magic moment when ideas trends and social behavior cross a threshold, tip and spread like wildfire. Taking a look behind the surface of many familiar occurrences in our everyday world, Gladwell explains the fascinating social dynamics that cause rapid change. 

First, UIAs should be allowed to elected managers the same way BTS can elect delegates. These managers would of course still have limited powers with what they could do with the UIAs.

Joshua Unseth • 29 minutes ago

Will this be merge mined? How are they going to secure the sidechain?
   
Joey Krug Joshua Unseth • 21 minutes ago

    Sounds like a federated peg, merge mined 2 way peg sidechains are "5 years off" according to the talk Greg Maxwell gave a few weeks back at SF Bitcoin Devs meetup

BitShares is a global financial network for everyone. Think of it as the internet of banking.
BitShares takes complex financial processes from the hands of lawyers and bankers and puts them in the hands of the people, all secured by an incorruptible network of provably honest computers.

Introducing BitUSD, the flagship product. It's secure, private and user friendly. No more waiting in line or long phone calls to access your money.
All the familiarity and spending power of the Dollar, but without the limitations of bankers and bureaucracy.
International transfers? No problem! And there are no additional fees either. (Show money beaming around the globe instantly)
Recurring payments are a breeze, set it and forget it. (Show a user paying their electricity bill, set to take payment monthly. A bill comes in the mail, and disappears in a poof of smoke or something visual).

If you like the sound of BitUSD and fancy yourself as a bit of a marketer, the referral system allows you to collect 80% of the fees generated by customers you sign up.
That's up to $80 per person!

BitShares is for businesses and customers alike. If you need your employees to spend from the company account, BitShares' Dynamic Account Permissions allow you to set limits on who can spend and how much!

Would you like to issue a discount voucher or a token specific to your needs? BitShares allows you to create your own User Issued Asset (UIA) and collect all the fees it generates!
Your token can then be traded on the Graphene industrial-grade trading platform capable of 100,000 transactions per second.

How about getting a loan?
The BitShares Bond market allows you to get the capital you need. You could even use your own UIA token as the collateral.
If you've got some savings you can put them to work and earn interest! All loans are secured with collateral requirements of your choosing and repayments are scheduled as you desire.

If you're a gambler or in need of the wisdom of the crowd then BitShares' Prediction Markets will help you.
You can bet on your favorite sports team or see who everyone thinks most likely to win the election, which may well be voted-on using BitShares' Follow My Vote system.

If you'd like to get your hands on some bitUSD or invest in the system itself, go to CCEDK.com and get a Nanocard, the crypto credit card!

Would it also be safe to disconnect from the net, turn off wifi, run the "paperwallet.html", refresh a few times, then screen capture that browser window and save the image directly to a usb stick?

Quote from: m200 on November 14, 2015, 05:52:24 am

I am seeking a way for storing BTS for a longer time.

What would you suggest?

The best way would be to print private keys on paper, but as I understand it is problematic with BTS 2.0 or gives me a recent link how to do that.

I am holding my Bitshares on polonex exchange and Bitshares 2.0 (light client) but do not feel comfortable to put more there because exchange could go down and my everyday computer could get compromised (I can loose passwords) quite easily by spyware or hackers. I am wondering how people with really large sums of BTS are holding them securely. Thank you.

1) Create an account using open ledger
2) Make a brainkey backup
3) store the brain key somewhere VERY SAFE
4) send your funds to that account

optional but HIGHLY RECOMMENDED::
4.1) create a new wallet (call it something different from "default") using your brain key!!
4.2) verify that your account can be recover using the brain key and the funds are there aswell

5) delete your wallet (only if you have at least one backup!!)

Cheers

unless you imported some private keys manually (which you shouldn't) .. then the brain key is all you need to recover access to your funds and accounts (verify by creating a new wallet with your brain key FIRST)

Quote from: nickelback70 on June 21, 2015, 02:57:08 pm

Hello friends,

I am new to crypto and Bitshares and need some advice.  I have a Windows7 and am trading for Bitshares on an exchange.
I would like to secure my Bitshares in a wallet at this time to send and receive Bitshares.
I am wondering when Bitshares 2.0  and the Moonstone lightweight wallet might happen.  Should I wait awhile for this wallet or install the web wallet now?  I understand that the web wallet is experimental software.  Is it secure?

Thanks.

I would not recommend the webwallet as-is for storage.

Instead, go to https://github.com/xeroc/jshares and make yourself a secure paper wallet (offline).
A paper wallet is a single private/public keypair written on a physical piece of paper.
Funds are sent to the public address.
Funds are spent from the private address. Anyone with knowledge of the private key can spend your money - be careful where you put it.

Here are some step by step instructions, the whole process shouldn't take longer than 5 minutes if you know what to do.

On the right-hand-side of that page (in the middle) is 'Download Zip'. Click.
The file will download as a .rar or a .zip file.
This means that you will need the free software WinRar. (http://www.rarlab.com/download.htm)
Once downloaded, the file should open within winrar.
"Extract" the downloaded files to a known location (desktop?)

Now go to your save-location and open the folder, "jshares-master".
In this folder is a file named "paperwallet".
Open this file.
This will open a webpage displaying a public and private key.
A "refresh" button in the top right allows you to calculate a new address.
Be careful, if you refresh the page or press "refresh" the previous keys will be gone forever unless you have written them down.

Now that you see how it works, unplug the device from the internet and DO NOT reconnect until you are 100% sure you have finished.

Now that there is no internet connection (make sure wifi is off too), refresh the paperwallet webpage a few times to make sure.
Now write down the public and private key twice, on two separate pieces of paper
so that any errors can be found easily and you can store the paper wallet in two locations to protect from housefires/floods etc.
Triple check that you have copied the public and private keys correctly.
Store one paper wallet in a safe place at home, and another with a trusted family member or bury it in a secret location.

DO NOT COPY OR SAVE THE PRIVATE KEY ANYWHERE ON YOUR COMPUTER. This includes ctrl+c - do not do that.
The only place that the keys should be written are on the two (or more) pieces of paper.

Make sure that both paper copies are correct and that you have not compromised your keys by writing them in notepad or something on your pc (DONT DO THAT).

Refresh the paperwallet webpage to get rid of your super-secret keys and then shut down your computer.
When you reboot you can turn the internet on again.

Now you're done! You are now 99.9% secure and this is as far as you really need to go to stay safe
These paper wallets are way more secure than the both a webwallet and a client wallet.

If you don't yet own any crypto, buy your bts on an exchange such as https://www.ccedk.com/ and then send the bts to the public key of the paper wallet you have just created!

If you already have bitcoin, then go to https://blocktrades.us/ and choose to trade Bitcoin for BitShares (should be default.)
Paste your paper wallet public key into the appropriate field, click OK and then send your btc to the address displayed.
There is no registration and the bts will be in your wallet as soon as you have one btc confirmation (~10mins).

A note on paper wallets: they behave as a piggy-bank would. You can either drop bts into it as often as you like, or you can "smash" it and spend all the funds at once.
There is no partial-withdrawal.
If you want access to only a fraction of the funds on the paper wallet, you must transfer the remaining balance to a NEW paper wallet - NOT THE OLD ONE.
If you access the paper wallet then your private key is no longer 'cold' as it must be revealed to the internet to spend.
BitShares makes all this easy, so there's no need to worry.

To spend the funds on the paper wallet, all you need to do is import the private key to a internet connected wallet.
This is merely typing in the private key and pressing 'import' or 'sweep'.

You may wish to test this process by creating a paper wallet, funding with a tiny amount, and then making sure that when you "import" your private key again the funds are still there.

==============================================

If you're really cautious then you can do the same process as above, but on a machine that has never before been connected to the internet and has a fresh install of the operating system.

You can download and run a free Virtual Machine and install a fresh version of linux onto it. A VM is a way of running a separate operating system within the OS you already have - e.g its a program that runs on windows, but is a separate environment so is not subject to viruses that may be on the windows host machine.

Download and install https://www.virtualbox.org/wiki/Downloads

While you're waiting for that to download, get your hands on a 32bit linux distro.
http://www.linuxmint.com/edition.php?id=171

You will also need a Virtual CD/DVD program, so that you can run your linux file without bothering to burn it to a disc.
http://www.magiciso.com/tutorials/miso-magicdisc-overview.htm

Once installed, run virtual box and choose "New" in the top left corner.

Quote

Name: linux 123
Type: Linux
Version: Ubuntu 32bit
Tick: Do not add a virtual harddrive

Click "Create"

Open MagicDisc (or other Virtual CD drive), and navigate to "Virtual CD/DVD-ROM" > "Mount" > And select the linux 32bit file you downloaded.

Now go back to Virtual Box, choose the "linux 123" virtual machine you just created and click "start". The program will then boot, choose the linux 123 "disc" and it will boot linux as a fresh install.

Follow the paper wallet instructions as before.
REMEMBER TO DISCONNECT FROM THE INTERNET!
Now you have closed the webpage and the paper wallet has dissapeared, close the virtual machine.
You will be asked to 'Save machine state' or 'Power off machine'.
Saving is basically standby, you want to Power-Off to be sure that all your paper wallet info is really gone.

Enjoy your 99.999% security!
DONT LOSE THE PAPER WALLETS OR LEAVE THEM FOR SOMEONE ELSE TO FIND AND COPY!

I hope that helps!

Nice job, Permie!

Although, there is a lot of pre 2.0 information mixed together with 2.0 information.

Examples include:

• The description of the derivatives on the blockchain (BitAssets/Smartcoins) reflect BitAsset 1.0 and not the newer BitAsset 2.0. For example, there will not be any more yield/interest in BitAssets 2.0 (unless it is part of the BitAsset definition), although the bond market can make up for that. Also there will not be any 30 day expiration time on shorts anymore (and by the way shorts don't expire all on the same day even with the current BitAsset 1.0 system).
• Everywhere you refer to witnesses/delegates or just delegates in your post should just be replaced by witnesses alone. The delegates are a very different role in BitShares 2.0 (they are not block producers and they do not get paid).
• We are trying to tone down the DAC (where the C refers to either company or corporation) metaphor now in an attempt to reduce legal risk. For convenience, keeping the DAC acronym is fine if the C refers to community instead. Some other people prefer the term DAO (decentralized autonomous organization).
  

The other thing I have an issue with is the argument behind the statement "If the first cryptocurrency fails, what does that say of the prospects of an alternative?". The implication of that statement is that the fact that cryptocurrencies can fail means that it is too risky to support any of them. But companies fail all the time and it still makes sense to invest in them because some of them go on to become wildly successful. It is natural for different systems to gain success and then eventually fail and be replaced by better systems. This is true (although considerably more difficult) even for systems that are heavily dependent on large network effect. For example, MySpace failed and was replaced by Facebook. This can be used as evidence to show that Facebook is not invulnerable and can (and almost certainly will) eventually and gradually be replaced by something else. Despite that fact, Facebook has become tremendously successful, gained so many users, and even those who invested in the Facebook IPO have more than doubled their investment in 3 years. So the fact that an organization's predecessor that is/was in the same industry can/did fail is not in and of itself a reason to not invest in the organization.

The other thing I have an issue with is the argument behind the statement "If the first cryptocurrency fails, what does that say of the prospects of an alternative?". The implication of that statement is that the fact that cryptocurrencies can fail means that it is too risky to support any of them.

Introducing the timechain

Ordinary time-lock encryption is useful if you know in advance what time frame you want to encrypt something (and obviously if you have the resources to be able to do it), but what if you don’t? What if you want to be able to provide a secure time-locking service to other people so they can encrypt sensitive information to be made available at a future date?

The timechain solves that problem. Using the timechain it is possible to produce information that can only be read after certain times. In its most basic form the timechain is a chain of time-lock encrypted RSA keys at 5 minute intervals and the chain itself can be generated in parallel by using a super computer (e.g. a GPU cluster.)
Stitching parallel keys into a single chain with encryption

In the simple example we started with - a time-lock of 1 year would be roughly equivalent to 1 year of computation. If it takes a whole year to generate a single timechain this concept wouldn’t be very useful. Fortunately this problem can be solved by generating separate N minute keys on a GPU cluster and then stitching them all together with standard symmetric encryption (AES) to form a chain of 5 minute RSA public keys.