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Messages - R

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961
Quick update regarding the 'GRIDCOIN' MPA - The Gridcoin price fluctuated, triggered a black swan state and the asset has been stuck in said state ever since: https://bitsharestalk.org/index.php/topic,22733.msg299091.html#msg299091

It has however opened the door to new developments by PC regarding MPA resiliency to black swan events. Once these new changes are in effect, the Gridcoin community will reactivate the market pegged asset, requiring more witnesses to produce the price feed.

Prior to the black swan event we only had 2 or 3 witnesses out of 25 (27?), whilst changing the witness count may be a dangerous idea the concept of vote weight degradation over time for witnesses and committee members is still sound.

What does everyone think?

962
General Discussion / Re: Changes I think Openledger needs
« on: November 21, 2016, 01:49:58 pm »
ad. 2
I strongly disagree!
First of all, this is Bitshares Wallet and openledger is one of the companies out there that emits its IOU,
there is no reason to be in any way favor

The bitshares blockchain will never limit the trading of any tokens against any other tokens. bitshares.org/wallet is the bitshares wallet

But why would a company like openledger want to support another companies UIA. Like i said in my example Poloniex doesn't let you trade Bitstamp dollars.
Perhaps a show/hide toggle for alternative EBA which have a similar purpose would be more appropriate than only showing OL's EBA?

If there was automatic bridging between identical EBA's then this would be less of an issue, you could just show 'eba.usd' rather than open.usd tether.usd etc.

963
General Discussion / Re: Another cryptonomex spin off?
« on: November 05, 2016, 02:48:40 pm »
https://bitsharestalk.org/index.php/topic,22317.msg290945.html#msg290945
https://bitsharestalk.org/index.php/topic,22561.0.html

Hopefully this isn't his planned merger of BTS + STEEM + <new project>, if it is we must utilize BTS stake weight voting rather than allowing a forced take-over! https://github.com/FollowMyVote/StakeWeightedVoting

964
Stakeholder Proposals / Re: [Worker Proposal] BitShares Webdesign Mockup
« on: October 30, 2016, 03:01:54 pm »
I'll be voting to support this worker proposal, can't wait for the bitshares website to be redesigned :)

965
General Discussion / Re: btsbots wallet release v0.0.1
« on: October 29, 2016, 01:28:08 pm »
Looks great! :D

I'll be adding the open.grc link to the gridcoin website https://btsbots.com/a/OPEN.GRC

Keep up the good work!

967
General Discussion / Re: Gridcoin
« on: October 29, 2016, 11:53:47 am »

969
Technical Support / Re: freedomledger: loss of wallet password
« on: October 22, 2016, 04:24:17 pm »
You are your own bank, I don't believe that freedom ledger has any ability to change your password. If you cannot remember your password then you've lost access to your funds.

970
Decentralized voting (continuous) would also be needed for voting project in/out, or do you think that should be up to the elected statistics committee? (That may provide them too much power though).

https://followmyvote.com/its-alive-follow-my-vote-launches-blockchain-voting-software-on-the-bitshares-blockchain/ Pretty cool graphene voting developments - related to this post.

972
Very cool, keep up the great work! :)

973
I don't know how GRC distributes rewards, but from what you wrote I gather that you need something similar to a price feed. Let's call it a "work feed" - an (elected?) group of people gathers external data and publishes that on the blockchain. The blockchain has a built-in algorithm that looks at the feed data and from that it decides how to distribute rewards.
Currently, every windows client gathers BOINC statistics directly from the whitelisted BOINC projects, extracts team Gridcoin stats & produces a local table of stats for every registered (within the grc network) user. Once a day, the statistics (which the most clients agree upon) are included in a 'superblock' to which rewards are based upon when end users stake a block.

The problem with the above is that if we were to remove the team requirement to increase our userbase, the gridcoin network would be overwhelmingly consuming BOINC web server resources. Elected delegate roles for producing these statistics would solve this issue.

If it was possible for these stats to be fed into a built-in algorithm which paid BOINC users (rather than the end users having to stake a block to access their owed rewards) that would be pretty epic! To counter the issue of "I don't need a stake to earn rewards" (bad for marketcap), the algorithm could vary frequency of payouts to end users based on their base asset holdings.

There is no technical reason why the witnesses should be the ones to produce that "work feed". From a decentralisation perspective I think it would be a good idea to separate these roles.
It would make sense to separate the responsibilities out to different entities, however, voting participation needs to be incentivized somehow (or really in your face) - currently we're getting like.. 15% max voting weight participation on the GRC network.

The tricky part will be defining the "work feed" data so that it can be included in the blockchain in an efficient way. You may already have solved that on the current GRC chain.
The Gridcoin network has solved this to a certain degree, we could probably scale to 10k+ users with the current block storage mechanism, however if we were to aim for the current max ceiling of 560k+ active BOINC users we would be in trouble. On the other hand, users could use light clients & witnesses/comittee's would have the burden of storing this data..

I don't know how GRC distributes rewards, but from what you wrote I gather that you need something similar to a price feed. Let's call it a "work feed" - an (elected?) group of people gathers external data and publishes that on the blockchain. The blockchain has a built-in algorithm that looks at the feed data and from that it decides how to distribute rewards.
Pretty much what steem does .. except that EVERYONE decides on who gets the block rewards :)
Only on a very abstract level, IMO. Steem rewards a very subjective notion of "quality" (that I don't seem to agree with most of the time), whereas GRC tries to reward an actual measurable quantity of work.
You're right in that it would follow the same lines of Steemit - where rewards are issued by an algorithm (which is fed by data, in steem's case votes & GRC's case NN statistics) then distributed to users without end-users staking blocks & without witnesses having the ability to steal these issued funds.

However, as PC states - Steem doesn't proportionally reward users for their work completed (Steem's really a lottery whether or not large users see/upvote your post/comment) where as (gridcoin+graphene) would continuously & proportionally reward verified BOINC computation.

974
General Discussion / Re: BBHangout Editor Recruiting
« on: October 16, 2016, 07:11:09 pm »
Sorry to hear that you're ill, I had no idea on Friday - hope you get well soon, Fuzzy! :)

975
General Discussion / Re: Where is BitShares headed?
« on: October 14, 2016, 05:06:36 pm »
Graphene 2.0?

steemit.com/steem/@steemitblog/steem-developer-update-graphene-2-0
+5%
Doesn't serve to improve the bitshares exchange.
Yes, I agree. Improvements could be made to the browser wallet to improve user friendliness.

What would be some of the security drawbacks? A centralized entity is trusted not to loose your wallet files incase you loose them.

Is SVK not on DPOS payroll? If not, and if he wants, he should be. There is a ton to be done!

You can look at the current workers here: https://cryptofresh.com/workers

The worker system is not being used, at all.
Should the minimum vote weight required for worker approval be reduced? If you don't vote in an IRL election your vote isn't counted as opposition but rather ignored.

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