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Stakeholder Proposals / Re: Yunbi delegates
« on: January 13, 2015, 01:00:43 am »
YUNBI has BIG plans on BTS.
I guess they will announce on forum soon.
I guess they will announce on forum soon.
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Speed and scalability.
BitShares reduces Bitcoin’s 10-minute confirmation time to 10 seconds and users can be 100% sure that a transaction is finally settled after 51 delegates have produced a block. BitShares is more secure after 1 block (10 seconds) than Bitcoin is after 6 blocks (1 hour).
BitShares is designed to handle thousands of transactions per second.
in fact, techically speaking at this moment you don't need 51% of stake to attack BTS, 16% are enough. if you have that much stake you can vote all of your 101 delegates in, which means you take full control of the whole dpos network since right now the delegate which gains most votes is only supported by less than 16% stake. when you do so, you can have all of your delegates disabled block production.
or with a 10% stake you can control over the half of delegates and sign on a alternative "main" chain (?)
... though "malicious" stake can be frozen in a hard fork ..i don't know much about nxt, would a hard fork with malicious stake frozen solve the attack to nxt ?
Where Fees Go
All fees paid in BTS are accumulated into a fund that is gradually paid out to all delegates over two weeks. When a delegate produces a block they are entitled to a percentage of the fund which is then adjusted by their delegate pay rate. A delegate with 100% pay will receive the full amount, where as a delegate with 0% will burn the full amount they are entitled to. When BTS is burned this is similar to returning the value to the shareholders. We can therefore summarize it as all BTS fees are paid to delegates or returned to shareholders.
I3 is not going to be sharedropping on PTS going forward.You can't say this. Even I3 can't say this right at this moment. (oh, they can, at then Stan claims that the words they've said are not formal, if formal ones are needed, check the newsletter. Even he can also say the words on the newsletter are not formal, check with I3's lawyer to get the formal ones. LOL)
Does this really seem to be in question to you guys?Yes. It matters quite a lot. It's about trust. I will stop all of my investments on BTS once I figure out I can't trust the 'official' guys anymore.