Making a thread specifically for feedback on last status update:

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BitShares DNS is the name of the namespace DAC family, and *maybe* the name of a a possible proto-DAC for this family. If there is a proto-dac then new DACs can use burn rounds (among other options) for snapshots, if there is no proto-DAC then new chains will do burn rounds / snapshots from previous chains or PTS/AGS or both.

What used to be called "BitShares DNS" is now simply called ".p2p" - that is the name of both the blockchain and the TLD, with ".P2P" as a ticker. This will not be heavily branded with BitShares but rather will set an example of how a project can benefit from participating in the bitshares ecosystem.

I'm a little torn. I think it would probably be really helpful to the bitshares ecosystem for 3rd-party products to come along that honor PTS/AGS, but I think it's going to be difficult to convince people that P2P is actually 3rd-party when its lead dev is a hero member at bitsharestalk.org.

The other thing is that you'll probably get a huge marketing boost by explicitly labeling p2p as a bitshares product.

So my equivocal suggestion is to explicitly use the bitshares name in everything. Like I've said before, Bitshares products should all show up next to one another in alphabetized lists. It should be unambiguous that bitshares products are not shitcoins.

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Quote from: biophil on April 02, 2014, 06:53:50 pm

Quote from: bytemaster on April 02, 2014, 06:29:25 am

So every shareholder gets to vote for someone to sign blocks in their stead (a representative if you will).  Anyone who can gain 1% or more of the votes can join the board.   The representatives become a "board of directors" which take turns in a round-robin manner signing blocks.  If one of the directors misses their turn clients will automatically switch their vote away from them and eventually they will be voted off the board and someone else will join the board.  Board members are paid a small token to make it worth their while to campaign, put their neck on the line, and ensure uptime.  They also post a small bond equal to 100x the average pay they receive for producing a single block.   To make a profit a director must have greater than 99% uptime. 

I think this proposal is probably worth a try, but I'm still skeptical that there will be much active participation. Voting is scary for users; most will never understand what it means to be a director, so they'll have no idea what would make a good candidate.

See what I bolded above: Can you talk a little more about this? If clients automatically un-vote the delinquent director, wouldn't the director lose his position immediately? But if that's the case, what does "un-vote" mean? I suspect it would mean that the director would be out permanently, because I still believe that most users aren't going to vote very actively. There seems to be a tradeoff here between immediate penalties for delinquency versus leniency for people who only offend occasionally.

Also, what kind of theory do you have behind this? Have you worked out anything about how much voting participation you'd need for this system to be secure? If there's no theory, that's fine - I just like to know when an algorithm is from the back of a napkin.

That's why you honor AGS!

Good point! Practically all [citation needed] of the genesis stakeholders will be believers in the system. I guess I was thinking about the future when PTS/AGS holders make up a small fraction of the overall users. By then the system will be resilient simply due to its size and market dominance. I hope.

About the coin & chips  in the DACs

    There are signs that many DAC developers intent to create new coins in their DAC systems.
 I don't think it's good for the BitSahares ecosystem.

    If every DAC has it's own coin, it becomes another "altcoin factory" and scattered the whole value of the BitShares ecosystem. It's not good for attracting  external capital.
    It will be more healthy if these DACs use bitUSD, bitCNY or something has "consensus value" as their chips to minimize the kinds of currency. Thus the whole values of the DACs ecosystem will be drived up.
    Of cause, all these based on the bitshares X.

    Maybe it exist better solution for this problem.

What you propose is an excellent idea, but as I understand it, it's quite technically challenging (has never been done before). I don't completely understand how they're planning to implement it, but I've heard bytemaster mention "cross-chain trading" a time or two, which would allow people to send value back and forth between DACs.

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Quote from: toast on March 31, 2014, 06:10:09 pm

Then I'll do an IPO for TOAST on btsME and work on the rest from a tropical island!

I would invest in a Toast IPO.

Toast, this should be like an "achievement unlocked" kind of thing for you: first person to say they'd pay for a share of your name.

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Wait, 50 u% is $10 at namecoin's valuation. 50 100ths of 1 millionth of $20 million

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Haha, you see why I think you shouldn't mix percent with engineering notation (m, u prefixes)? It's just hard to parse.

Quote from: toast on March 31, 2014, 03:59:07 am

strongly urging you to consider m% and u% instead of MIP for share allocation notation

m% and u% look like math symbols and fancy notation and is not 'pronounceable'...

Either of the notations have the problem that they're mixing percent and engineering notation: m% is 5 decimal places, u% is 8. Those are not numbers that people are used to. I strongly suggest abandoning percentage altogether, and just use engineering notation:

MIP is 1,000th of supply, UIP is 1,000,000th of supply, NIP is 1,000,000,000 of supply (if needed). Please don't make people think in terms of 5 and 8 decimal places.

And I agree with bytemaster, m% looks too weird.

Quote from: onceuponatime on March 29, 2014, 01:47:30 am

Anyone else looking forward to a decentralized bank and exchange?

Of course!! Haha That just mean a more explosive growth for Bitshares and greater profit for us 

Maybe it was fortuitous that the BitShares X snapshot happened before the crackdown, since it allowed many Chinese to get themselves written into the BitShares X genesis block so they'll be able to participate in the decentralized exchange.

Hello, MMC community!

I was out running today and I had a bit of a brainstorm. I imagine that you guys are always on the lookout for interesting marketing opportunities, and MMC was the first coin that really caught my attention when I first started getting into altcoins, so I thought I'd ask if you'd be interested in this before I went around to anybody else.

I'm training for a 50-mile (80 km) running race that takes place in August: https://www.joingecko.org/info.asp?uid=310. I've had some setbacks due to an injury I sustained back in September, but I've been in therapy and in the past month I've been able to get back into a strong training routine. Due to the setback, I might actually run the 50-km race instead of the 50-mile. In either case, I'm confident that I'll be there on race day and that I'll run one of the ultra-marathon distances.

I was out running today, and it occurred to me that some coin (MemoryCoin was my first thought) might benefit from sponsoring my run. I have a few small expenses from the run: shoes (I need a new pair every couple months, they cost ~$110/pair), extra food (I don't know; maybe $20/week?) and race registration ($100). I'd love to offer my body as a moving billboard for MemoryCoin in exchange for MMC paying some of my expenses!

What's in it for MMC: I live in the Boulder, CO, USA area, and so far I've done almost all my running in town. Boulder is a community that spans all socio-economic strata of American life: we have everybody from hippies playing guitar on the street corner to silicon-valley software startup types. By the peak of my training in July, I expect to be running in and around Boulder approximately 8 hours per week. My idea is that I'd commit to wearing an MMC-branded T-shirt for all of my training, as well as on race day. This would provide exposure of the MMC logo to hundreds of people. In addition, MMC would be able to promote themselves as a community that sponsors high-endurance athletes like myself.

I wear a GPS watch for all my training that tracks my routes and distances, so I could run a blog where I'd keep my supporters updated on my training progress and maybe I'd show maps of where I've been running. Really, I'd provide whatever information MMC wants in order to justify your sponsorship - I'm not trying to just grab a bunch of money if it's not worth it for my sponsor.

What's in it for me: I love long distance running, I'm infatuated with crypto-equities, and this looks like a cool opportunity to promote both while offsetting some of my personal costs.

Well, what do you all think? If my calculations are right, it looks like it would take about 2 days-worth of all combined officer salaries to buy me a pair of shoes or pay my race registration fee. Does the MMC community think that money would be well-spent?