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Messages - cube

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1156
General Discussion / Re: BTS will dilute maximum 10% per year?
« on: October 31, 2014, 07:57:26 am »
Quote from: julian1 on October 31, 2014, 07:22:50 am
Not being able to tell people that Bitshares is deflationary - just like bitcoin is a big disadvantage imho.

It would be better to create a once-off 3 billion btx allocation, instead of 2.5 and create a .5 billion fund to the delegates to distribute for marketing/development.

Inflation is a bad thing and uncertainty about future unknown inflation is worse. Scarcity is what made Bitcoin valuable and it even gets enforced cryptographically.

If Bitcoin is to be considered a 'currency' and Bitshares a 'company share' (at least what it used to be until recently), then it should be fine for a 20% dilution first year and max 10% dilution following each year.  This is because most companies (in real life) have their dilution schemes and Bitshare DAC should not be considered any different.  Dilution is part and parcel of a company's life.
 

1157
Stakeholder Proposals / Re: Delegate questions
« on: October 30, 2014, 05:37:52 pm »
Quote from: xeroc on October 30, 2014, 05:23:23 pm
Quote from: cube on October 30, 2014, 05:21:48 pm
Quote from: xeroc on October 29, 2014, 07:48:53 pm
Quote from: emski on October 29, 2014, 07:43:12 pm
Quote from: xeroc on October 29, 2014, 07:34:23 pm
Quote from: emski on October 29, 2014, 07:32:32 pm
Quote from: xeroc on October 29, 2014, 07:30:40 pm
You can only reduce it .. however with the new update to the inflationary model .. all delegates will be force-set to 1% inflation
where was this explained?
https://github.com/BitShares/bitshares_toolkit/issues/879

10x I'd wait for the final version though.
Does this mean that a delegate can have max 100x TRX fees per block?

from what I know ... TX fees are BURNED .. you can get up to 100% of 50 BTS per block ..

Thanks for the insight.  Is this new '1%' pay-rate similar to that of KeyID?
I think so ... current plans are .. 50 BTS can be generated each block .. with a 1% pay rate leads to 5BTS per solved block .. which is 5x of the current payrate ..

Hmm.. 1% of 50BTS gives 0.5BTS. Right?

1158
Stakeholder Proposals / Re: Delegate questions
« on: October 30, 2014, 05:28:50 pm »
Quote from: MeTHoDx on October 30, 2014, 03:21:48 pm
Quote from: xeroc on October 30, 2014, 03:19:55 pm
Are you required to used RedHat? Because you are certainly the first person to ever try to compile it on RedHat ..
Can't you choose Ubuntu, or Archlinux?

The server already has a few websites on it... so I would have to basically hire someone to switch everything over to Ubuntu with minimal downtime (some of the sites are for-profit).

It depends if the websites use third-party software.   In most cases, it should be ok.

1159
Stakeholder Proposals / Re: Delegate questions
« on: October 30, 2014, 05:21:48 pm »
Quote from: xeroc on October 29, 2014, 07:48:53 pm
Quote from: emski on October 29, 2014, 07:43:12 pm
Quote from: xeroc on October 29, 2014, 07:34:23 pm
Quote from: emski on October 29, 2014, 07:32:32 pm
Quote from: xeroc on October 29, 2014, 07:30:40 pm
You can only reduce it .. however with the new update to the inflationary model .. all delegates will be force-set to 1% inflation
where was this explained?
https://github.com/BitShares/bitshares_toolkit/issues/879

10x I'd wait for the final version though.
Does this mean that a delegate can have max 100x TRX fees per block?

from what I know ... TX fees are BURNED .. you can get up to 100% of 50 BTS per block ..

Thanks for the insight.  Is this new '1%' pay-rate similar to that of KeyID?

1160
General Discussion / Re: BM kill the pts and ags
« on: October 30, 2014, 05:06:34 pm »
Quote from: zhao150 on October 30, 2014, 01:23:55 pm
3i should do DPOS,not others
not AlphaBar.
not me.

alphaBar has expressed an interest to upgrade PTS with a team.  He sees PTS DPOS as a bitshare spin-off that would bring positive energies to both BTS and a  future for PTS.  BM and I3 could provide some help to this PTS DPOS team so that they can stand on their feet.  This would bring benefits to PTS holders, beyond the 5th Nov snapshot.  And I3 would be proud to see a truly independent offspring from its open-source work.  Would you like to see such a future?

1161
General Discussion / Re: Company vs Community vs Country
« on: October 30, 2014, 04:30:40 pm »
btsx is at its infancy.  It needs a conducive environment to grow healthy and strong - a place that is free from the flies.  After the dust settled, we see the sun shines. 

1162
General Discussion / Re: BitShares to become Decentralized Autonomous Community
« on: October 30, 2014, 07:28:53 am »
Quote from: Ander on October 30, 2014, 07:02:29 am
So, is it just me, or did Bitshares just completely jump the shark.

What happened, we got a letter from the SEC and now we cant be a company anymore, we have to all become hippies and be a community?

The SEC rumour, be it for real or not, is something we should watch out for. If BM has reacted with a pre-emptive change to 'community', it is a good move.   +5%

1163
General Discussion / Re: SEC letters being sent. It's not pretty.
« on: October 29, 2014, 05:41:25 pm »
Quote from: werneo on October 29, 2014, 05:04:15 pm
WSJ quotes bytemaster:

Quote
...BitShares, which uses the eponymous name “bitshares” to describe tokens issued by autonomous, software-driven companies over its independent blockchain-based software, says these are not securities either, despite their name. The implied reference to corporate shares is “an analogy,” says Daniel Larimer, CEO of Invictus Innovations, which developed the BitShares project. “I could use other analogies that view the dollar as stock in the United States. An analogy does not create a security.” The key, he said, is that there is no contract between two parties contained in the digital tokens.

http://blogs.wsj.com/moneybeat/2014/10/28/bitbeat-bitcoin-2-0-companies-respond-to-sec-rumor-were-clean/

It is a good read.  Ethereum's Joseph is sharing the same view -  "tokens... had no contractual rights attached to them".   SEC has declined to comment.

With WSJ's publication, this may turn out to be free publicity for bitshares.

1164
General Discussion / Re: Bitshares Daily Briefings(Global Version)--Inaugural issue-2014.10.29 Wed.
« on: October 29, 2014, 05:29:38 pm »
 +5% for this effort.  On a side note, MeTHoDx is from Argentina?

1165
General Discussion / Re: Let's post a bounty for a BitAsset mobile wallet?
« on: October 29, 2014, 03:15:42 pm »
Quote from: svk on October 29, 2014, 02:26:05 pm
Quote from: cube on October 29, 2014, 02:21:42 pm
Quote from: xeroc on October 29, 2014, 11:45:22 am
I wouldn't refer to delegate's tx pay in future .. as (from my understanding) the tx fees will be burned completely and the delegates will be payed solely by the .... capital infusion (or what ever we call it now)

Does the burn-complete apply to 'salary' delegates only or all delegates?  How do the delegates get paid from the 'capital infusion'?

There will still be only one type of delegate, just like now. All delegate pay will come from "capital infusion", all transaction fees will be burnt.

"Salary delegate" is just a term being thrown for any delegate actively working for the blockchain. For DNS Toast asked us to provide a free (0% pay) delegate in addition to any paid delegates, to fill in the ranks I guess that might be done for BTSX as well.

It seems to differ from what I read here https://bitsharestalk.org/index.php?topic=10679.msg140514#msg140514

Would appreciate if you could explain the new delegate pay-rate mechanism and where this 'capital infusion' comes from.  It seems a delegate (and all delegates) will be getting a substantial pay in the near future.

1166
General Discussion / Re: Let's post a bounty for a BitAsset mobile wallet?
« on: October 29, 2014, 02:21:42 pm »
Quote from: xeroc on October 29, 2014, 11:45:22 am
I wouldn't refer to delegate's tx pay in future .. as (from my understanding) the tx fees will be burned completely and the delegates will be payed solely by the .... capital infusion (or what ever we call it now)

Does the burn-complete apply to 'salary' delegates only or all delegates?  How do the delegates get paid from the 'capital infusion'?

1167
General Discussion / Re: Let's post a bounty for a BitAsset mobile wallet?
« on: October 29, 2014, 11:00:55 am »
Quote from: xeroc on October 29, 2014, 08:35:20 am
I am not sure .. but I have a feeling that KeyGraphs are essential for VOTE and thus a priority due to the upcoming California event.

I agree. KeyGraphcs is important for VOTE.  And the discussion for VOTE is how we started and snowballed into the btsx+vote+dns superDac merger.

Mobile wallets would probably need to get a separate funding.

1168
Muse/SoundDAC / Re: How can Notes pre-sale activity be improved?
« on: October 29, 2014, 10:50:24 am »
I think there is a short-term concerns when SEC is sending out letters and going out against crypto fund raisers.  These concerns will go away once SEC catches the few big players they wanted to.

1169
Muse/SoundDAC / Re: BitShares Music = separate blockchain. Nothing has changed for us.
« on: October 29, 2014, 10:46:09 am »
Quote from: amencon on October 28, 2014, 08:02:37 am
Thank you for the clarification.

Now that I3 seems to have pulled away from all other DACs, does that change the situation here at all?  Will you need extra funding for development work that originally was planned to at least be assisted by some I3 devs?  I think any insights or assurances for work going on behind the scenes will help garner more pre-sale participation.

I like what I've seen so far from you guys and even have a couple friends not into crypto that responded positively to the idea when briefly explained to them.  I think with all the uncertainty swirling around, any extra information you can put out there will help your cause.

So far cob has done a great job communicating his intention and this helps to tame down the uncertainties.   +5%

1170
Stakeholder Proposals / Re: Four new delegates just appeared in the TOP10
« on: October 29, 2014, 10:34:08 am »
Quote from: svk on October 28, 2014, 03:52:08 pm
Quote from: bytemaster on October 28, 2014, 02:04:08 pm
I take that back, I did vote for them because they had upgraded their clients while others had not.

Yea I figured that was why. A lot of those new delegates aren't publishing feeds though, will you do another voting pass for the upcoming hard fork to promote delegates that will publish feeds? I'll be ready for that one I promise! :)

I had upgrade the client but did not publish the version. I will publish version and get my feeds ready for the coming hard fork too.  :)

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