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Messages - davidpbrown

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571
General Discussion / Re: Common Objections To BitShares X
« on: September 15, 2014, 10:17:54 am »
Quote from: Markus on September 15, 2014, 10:10:38 am
"I am not going to download a software from the internet, enter a password into it and then entrust it with my lifetime savings."

I wonder this is likely one of the most important and more overlooked issues. The average Joe can't be trusted to make backups of wallets.. and likely knows enough not to trust themselves relative to hosting money in a computer on a product they cannot comprehend. A website option then and the importance of keeping the private key safe, might be a good option here. That perhaps also tempts the need for banks for private keys and other options for insurance relative to all cryptocurrency.

Products need to be foolproof not just fullproof..

572
General Discussion / Re: Common Objections To BitShares X
« on: September 15, 2014, 09:59:17 am »
Anticipating a few questions for a FAQ..

1) What is different about BitShares that its blockchain will not become burdensome; too large; and require too much computing power to maintain delegates?

2) BitShares is just one among a number of Bitcoin2.0 offerings tempting the use of digital tokens to represent real world value. While BitShares perhaps has an edge at the moment having created a market to speculate on the value of bitUSD and other assets, the first offering that bridges the gap to real world assets where one token is maintained as evidence of ownership, will perhaps win big. What efforts is BitShares making to hook real world assets and look beyond the usual cryptocurrency crowd?

3) Why should we trust BitShares devs and delegates with our money?.. Why should we not just wait for Winklevoss like efforts and others who know what they are doing; what financial credentials do BitShares devs have?

4) Running a full client is a pain, where is the web equivalent the like of counterparty with simple client-side transaction confirmations?

5) It's too complicated :-\ .. all this talk of DACs and keeping track of them. Where is the static point of reference that is an upto date tldr;? If I'm away from the forum for a month, where do I look for a simple catchup?

6) I've never heard of BitShares.. how is this not just a flash in the pan, fly by night gimick? How many supporters does it really have - how many people are running clients and seeds and delegates - where are those stats declared? Isn't limiting the delegates to 101 likely to limit those who provide the network support? A billion dollar industry surely needs support from more than 101 people.

7) Is the legal and tax position clear? It seems that perhaps I should wait a year or two before jumping into this new world.

573
BitShares PTS / Re: Best place to buy PTS?
« on: September 14, 2014, 11:58:15 am »
That the PTS network isn't syncing doesn't help. If there was confidence in the PTS network, I suspect more would be tempted to buy additional PTS. Where are the seed nodes and chain servers?

574
Random Discussion / Design competition for new £1 coin opens
« on: September 12, 2014, 03:53:27 pm »
Design competition for new £1 coin opens

How about a BitGBP logo on the back of every £1 :D

575
General Discussion / Re: Lets see if it bounces.
« on: September 12, 2014, 01:59:34 pm »
It is not more usually the log scaled ones that work better? .. jump to the next order of magnitude.

576
General Discussion / Re: "What Is BitShares?" infographic -- your input is appreciated.
« on: September 11, 2014, 01:08:55 pm »
I just saw this in twitter .. https://twitter.com/Wef/status/510050235465605120 ~"building the future of big data" - "The excitement of the internet of things will be a small footnote in history as the internet of everywhere becomes our reality."

Which had me wonder if there is an opportunity to ride the wave of the idea of the internet of all. I haven't got the imagination to have already thought of a catchy related expression for what BitShares offers but expecting there must be a way of suggesting that it is the next logical step in the empowering nature of the web and technology.

577
General Discussion / Re: "What Is BitShares?" infographic -- your input is appreciated.
« on: September 11, 2014, 11:47:20 am »
Sorry to be that guy but I don't think much of that graphic above.

Selling an idea, you need to be mindful of the audience and their level of understanding. Pitching that then at those who could be involved, rather than those who already are savvy, is most important.

I would suggest then that words such as 'opportunity' are better and more attractive than 'experiment'.


So, perhaps instead:

Quote
  • BitShares is an opportunity to speculate on the value of real world assets, without needing to hold those. In creating a digital tokens pegged to the value of real assets, like the USD and Gold, there is then an option for you to buy into that asset or to go 'short' on that. In shorting there is an firm commitment that you pay the value of the asset later, and that commitment is assured by having collarteral in BTSX locked for the time you are short in an asset. Either buying into an asset or going short, could make you a profit or, as with all speculation, it could make you a loss.
  • The opportunity here relative to the value of BTSX then is that BTSX will be host to commitments by those shorting in all BitSharesX asset classes.
  • The opportunity relative to the assets themselves, is that those are stable relative to the value of the real world asset. So, if the value of those assets rise or fall, you could win or loose relative to buying those or shorting them.
  • The Decentralized Autonomous nature of the Exchange ensures there is no counterparty risk. You can trade without concern for who you are trading against.
  • Transactions are anonymous by default.
  • You get all the benefits of cryptocurrency tokens and the stability of real world assets, like USD and Gold.
  • Asset holders will receive income from exchange fees. This could make you 5%-10% interest per year. *note holding BTSX for a long period will lose you 5% per year, as BTSX is geared to activity rather than intended for holding wealth. That said the value of BTSX will reflect the appitite for all asset classes and stands as the collateral for all shorts - twice the value of every short must be held in BTSX.
  • The value of your funds are secure within the BTSX blockchain and as with other cryptocurrency, fully within your control and your responsibility. Ensure that you make secure backups of any wallets.
  • The Bitshares Exchange is the most Secure and Private Exchange available.

Unpolished  8)


578
BitShares PTS / PTS network stalled??
« on: September 10, 2014, 06:33:46 pm »
So, I thought I'd just refresh the software and chains, and I come to Bitshares-PTS and although I can see ~8 connections I get no download.

Are there chain servers out there to jump start this? Has the network stalled in some way or should I just wait a long while for it to catch up? I'm aware there are perhaps few miners at the moment - (are there any?) - but I would have expected nodes enough that the current chain was available to new nodes?

What am I missing? Is there an option for those stuck with qt-wallets to import private keys to an exchange, if only to demonstrate that the PTS network has confidence?

I'm not sure I understand how a network can have no seed nodes obvious and still that miners can rejoin.. how does the wallet or a miner know how long the chain is? Would that not spawn forks?

579
General Discussion / Re: The reborn website bitshares.org ... Re-poll 1 month after !
« on: September 06, 2014, 11:43:48 am »
Quote from: cass on September 06, 2014, 10:55:09 am
BitSharesX is independend company so we just point to bitshares-x.info!
What you can see on this page is an included iframe, which one points to an extern page.
But i have no access to this server (jenkins)!

In the absence of obvious indicators of who to alert on each website, it's harder to know who to suggest to. Expecting then they can be encouraged or that those responsible are visitors here.

The http://bitshares-x.info/ doesn't suggest option for Linux download - even if that is only atm source+compile.

580
Technical Support / Re: Ubuntu..?
« on: September 06, 2014, 10:53:32 am »
Quote from: xeroc on September 03, 2014, 06:20:03 am
Quote
Beautiful isn't how I'd describe 0.4.9 on Linux Mint 17 atm.. :(
What exactly is not beautiful? The compilation part or the wallet? or tha handling/user experience?

It wasn't 0.4.12.. which is working ok, though too slow on the market for me to use with confidence just yet. Hardware this end being limited RAM I suspect.


In the build instructions for Linux, I would suggest add strip as that appears to reduce the bin file size to 20% and might help older machines work with it. So:
$ cd ./programs/qt_wallet/bin/
$ strip ./BitSharesX


I'll suggest here notifications in the terminal I get if those are useful for polishing it:
Quote
v0.4.12 on Linux Mint

On screen saver:
QPainter::end: Painter ended with 2 saved states

On receipt of money while scanning for new transactions:
QObject::startTimer: Timers can only be used with threads started with QThread

and then on close of the notification:
QApplication: Object event filter cannot be in a different thread.
QApplication: Object event filter cannot be in a different thread.



581
General Discussion / Re: The reborn website bitshares.org ... Re-poll 1 month after !
« on: September 06, 2014, 10:47:38 am »
Seeing this thread, I'll just suggest again what I had already in a post that was deleted by MktDirector:Brian for not being Marketing related..


http://bitshares.org/resources/downloads/ is offering very old versions of downloads.

Quote
bts_wallet
Linux: Apr 6, 0:01:12 bts-wallet-20140406-nightly.deb

and the front of that page only suggests "Latest BitShares PTS Releases on GitHub" where it perhaps could suggest BTSX.

582
General Discussion / Re: Support BitUSD Price by Forced Covering at a Profit
« on: August 31, 2014, 09:05:04 pm »
Surely bitUSD is a safe haven for any perceived future drop in BTSX. While BTSX rises perhaps it'll be tempting not to buy bitUSD but to short it? So, between those two, you have a draw into bitUSD.

I'm not sure whether you need to control the market as much as sell the idea of it. I wonder there needs to be some ELI5 descriptions for those of us with less experience of financial markets; and those of us who've drunk too much beer :p

If ever there is a prospect of bitUSD being widely available on exchanges and used in the real world, it seems very likely it'll find its market. USD is an imposed consensus; bitUSD is a distributed consensus and as such it's not bitUSD==USD but the peg and the utility and the idea of bitXYZ acknowledging real world assets is a powerful one. Just add time.. not rules.

583
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 03:47:44 pm »
Quote from: davidpbrown on August 31, 2014, 07:39:35 am
Linux Mint 17, 0.5GB RAM gives Segmentation faults.

My attempt was compiled just prior to the 0.4.10 being tagged but after this thread was a few pages deep, so I'm expecting it was the same code.

Initially from clean start, the qt-wallet fails. Wondering if the experience of normal user and delegate is different I tried looking to run the client only and then saw that stop; all that then seemed to allow the qt-wallet to open ok. After 10-15mins another Segmentation fault while downloading the blockchain.

Code: [Select]
<snip />

It's working!  :D

So, I thought I'd go back and try Chain Server again and after a few hours of grinding the hard drive it started scanning transactions and half hour later I'm fully synced all transactions look correct and block chain is staying up to date. The process of getting there was not nice.. in the sense of it demanding all resources but it got there.. so use Chain Server as per https://github.com/BitShares/bitshares_toolkit/wiki/Using-Chain-Servers#using-a-chain-server-to-sync-with-bitshares-x to fix Linux Mint and I expect also Ubuntu. Still a lot of glitches to fix but at least it's possible.

Glitches include reports in the terminal
Quote
QPainter::end: Painter ended with 2 saved states
which I saw in previous versions too.

and on receipt of asset notification, on moving the mouse to acknowledge and close that, I got a stream of
Quote
QApplication: Object event filter cannot be in a different thread.

 8)

584
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 07:39:35 am »
Linux Mint 17, 0.5GB RAM gives Segmentation faults.

My attempt was compiled just prior to the 0.4.10 being tagged but after this thread was a few pages deep, so I'm expecting it was the same code.

Initially from clean start, the qt-wallet fails. Wondering if the experience of normal user and delegate is different I tried looking to run the client only and then saw that stop; all that then seemed to allow the qt-wallet to open ok. After 10-15mins another Segmentation fault while downloading the blockchain.

Code: [Select]
$ ./BitSharesX &
.
.
Initializing genesis state from built-in genesis file
Successfully re-indexed 0 blocks in 0 seconds.
Initializing genesis state from built-in genesis file

[1]+  Segmentation fault      ./BitSharesX

.
.
$ ./bitshares_client &
$ Loading blockchain from: /home/davidpbrown/.BitSharesX/chain
Loading config from: /home/davidpbrown/.BitSharesX/config.json
Initializing genesis state from built-in genesis file

$ Please be patient, this will take a few minutes...
Successfully re-indexed 0 blocks in 0 seconds.
Initializing genesis state from built-in genesis file
Not starting RPC server, use --server to enable the RPC interface

[1]+  Stopped                 ./bitshares_client


$ ./BitSharesX &

[2]-  Exit 1                  ./BitSharesX

$ ./BitSharesX &

[2]-  Exit 1                  ./BitSharesX


## The above two attempts and the second one more obviously, showed an alert suggesting that an instance of BitShares was running.

$ kill -9 8030
[1]+  Killed                  ./bitshares_client

$ ./BitSharesX &

## Success. Wallet creation ok and first few minutes of download of blockchain.

## but then a Segmentation fault roughly 10-15mins in.

585
Technical Support / Re: Ubuntu..?
« on: August 29, 2014, 05:24:19 pm »
Better perhaps now to look to http://wiki.bitshares.org/index.php/BuildInstructionsBitSharesX although that doesn't suggest yet the option to upgrade.

Beautiful isn't how I'd describe 0.4.9 on Linux Mint 17 atm.. :(

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