BitShares Forum

Main => General Discussion => Topic started by: thereverseflash on April 01, 2016, 05:04:47 pm

Title: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: thereverseflash on April 01, 2016, 05:04:47 pm
Steem is a Graphene-based Blockchain created by Steemit, Inc founded by Ned Scott. 

Ned has been following BitShares since 2013 and early this year hired Cryptonomex to help build the Steem network.

Steem has many innovations that have been discussed here on bitsharestalk and in the mumble sessions including:

1. Only vesting stake can vote for witnesses (19 by approval voting)
2. One witness slot time shared with remaining witnesses (not in the top 19)
3. One witness slot is selected via Proof of Work
4. No transaction fees
5. Vesting stake is protected from any inflation / dilution caused by witnesses / miners.

It has some important differences from BitShares:

1. No committee, because there are only a few parameters that can change and they are set by median witness
2. No user issued assets
3. No proposed transactions (but retains dynamic, hierarchical threshold multisig)
4. No BitShares-style SmartCoins
5. No worker proposals 

The true purpose and scope of Steem will be revealed in a couple of weeks, but for now it is open for everyone to look at the code.

The Steem network is live now!

Starting in 3 weeks the blockchain will switch from 100% POW to 95% elected witnesses.  We would like to elect witnesses from the BitShares community due to the trust and reputation they have earned with BitShares.

We didn't announce this on BitShares earlier because we figured this community would better understand the value of what we are doing and make it
difficult execute the strategy bytemaster recently blogged about:

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

We have secured ~80% of the initial STEEM via mining.  Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.

While we love the BitShares community, we believe we can get more eyes by keeping the discussion over on bitcointalk until our own forum launches.

https://bitcointalk.org/index.php?topic=1410943.0

Please check us out and start your miners!  Just be sure to convert any STEEM you mine into VESTS as soon as possible. 

I will only answer questions on bitcointalk, so come visit us there.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 01, 2016, 05:23:21 pm
I highly recommend everyone look into Steem.  It has a lot of promise and is worth your time.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: tonyk on April 01, 2016, 05:46:43 pm

We didn't announce this on BitShares earlier because we figured this community would better understand the value of what we are doing and make it
difficult execute the strategy bytemaster recently blogged about:

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

We have secured ~80% of the initial STEEM via mining.

So the main innovation is  secretly premining in open view? It is pretty sad where "innovation" effort go in this community as of late.

Thanks, but no thanks... I have experienced a 1,5 years of constant sell pressure by whales that openly quick mined PTS, to have the desire to experience the same by people that found a way to premine, sorry "secure " 80% stake for themselves secretly in open view.


--------------------------
Q: Is there STEALTH in steem's GUI?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: btswildpig on April 01, 2016, 05:54:40 pm
Does Steem do any actual work besides contracting them to other people ?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on April 01, 2016, 06:03:13 pm
These are the commands available to the cli-wallet
Quote
FC_API( steemit::wallet::wallet_api,
        /// wallet api
        (help)(gethelp)
        (about)(is_new)(is_locked)(lock)(unlock)(set_password)
        (load_wallet_file)(save_wallet_file)

        /// key api
        (import_key)
        (suggest_brain_key)
        (list_keys)
        (get_private_key)
        (normalize_brain_key)

        /// query api
        (info)
        (list_my_accounts)
        (list_accounts)
        (list_witnesses)
        (get_witness)
        (get_account)
        (get_block)
        (get_feed_history)
        (get_conversion_requests)
        (get_account_history)
        (get_state)

        /// transaction api
        (create_account)
        (create_account_with_keys)
        (update_account)
        (update_witness)
        (set_voting_proxy)
        (vote_for_witness)
        (transfer)
        (transfer_to_vesting)
        (withdraw_vesting)
        (convert_sbd)
        (publish_feed)
        (create_order)
        (cancel_order)
        (post_comment)
        (vote)

        /// helper api
        (get_prototype_operation)
        (serialize_transaction)
        (sign_transaction)

        (network_add_nodes)
        (network_get_connected_peers)
      )

Let's start some speculations about them :)

The release of this code also explains why it has been so silent about CNX (again).
It's good to see that its
* neither another pitch fork
* nor a competitor to BitShares
what they have been working on!

Looking forward to see this thing in action and too hear move about its features once they are unlocked/publicly announced
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: thereverseflash on April 01, 2016, 06:06:21 pm
Does Steem do any actual work besides contracting them to other people ?

Steemit has its own developers on payroll.   
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Ben Mason on April 01, 2016, 06:18:38 pm
This is where it gets interesting.  So the flood of new versions/configurations of Graphene based blockchains are on their way. Without a significant sharedrop on the original community, they will attempt to become capital harvesting machines as they compete for market share and attention......exactly like the rest of cryptopia. Unless one has an endless supply of capital with which to hedge or you are exceptionally good at picking out potential or are a talented trader, the chances of reaching the end of the feeding frenzy with your originally invested capital looks more and more remote.  It may not be that important to secure the original BitShares community until it is larger and reaches a wider demographic. Unity of vision and purpose becomes ever more valuable in retaining market share it would seem. Buckle up!

80% premine mmmm.  I wonder what value Steemit will place on the BitShares holders?  I certainly don't feel entitled to anything, but it will be interesting to see how the 40% is spent.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 01, 2016, 06:19:05 pm

We didn't announce this on BitShares earlier because we figured this community would better understand the value of what we are doing and make it
difficult execute the strategy bytemaster recently blogged about:

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

We have secured ~80% of the initial STEEM via mining.

So the main innovation is  secretly premining in open view? It is pretty sad where "innovation" effort go in this community as of late.

Thanks, but no thanks... I have experienced a 1,5 years of constant sell pressure by whales that openly quick mined PTS, to have the desire to experience the same by people that found a way to premine, sorry "secure " 80% stake for themselves secretly in open view.


--------------------------
Q: Is there STEALTH in steem's GUI?

At the moment Steem has no GUI and the blockchain doesn't support stealth.

I wanted to make sure Steem didn't compete with BitShares market.  In fact, one of the reasons I was willing to help with Steem was that its feature set is fundamentally incompatible with BitShares and we could not hardfork BitShares to implement what Steem does.

Steem is designed to encourage long-term holders and discourage the dumping that BTS has experienced. It is good for them to have a large stake and not give it away to miners who will dump it.  Now they can give it away strategically to grow Steem.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: pc on April 01, 2016, 07:00:45 pm
These are the commands available to the cli-wallet
Quote
        (get_conversion_requests)
        (convert_sbd)
Let's start some speculations about them

so... you can mine STEEM and then request to have them converted into VESTS to wear when it's getting cold?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 01, 2016, 07:05:11 pm
These are the commands available to the cli-wallet
Quote
        (get_conversion_requests)
        (convert_sbd)
Let's start some speculations about them

so... you can mine STEEM and then request to have them converted into VESTS to wear when it's getting cold?

Funny man :)  Perhaps Steemit should have called it H20... you can then condense your STEEM into H20 and it takes time to boil it back into STEEM.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Shentist on April 01, 2016, 07:19:12 pm
sounds like a well prepared April Joke!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: emailtooaj on April 01, 2016, 07:23:31 pm
sounds like a well prepared April Joke!

 +5%

Yea, something about this stinks.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 01, 2016, 07:26:08 pm
sounds like a well prepared April Joke!

 +5%

Yea, something about this stinks.

 :o 
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: BunkerChainLabs-DataSecurityNode on April 01, 2016, 07:31:03 pm
sounds like a well prepared April Joke!

 +5%

Yea, something about this stinks.

 :o

(http://weknowmemes.com/generator/uploads/generated/g1361760753604186306.jpg)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: tonyk on April 01, 2016, 11:23:29 pm
I have changed my mind. Following Bm's logic I now think STEEM will be the best  SCREW around. Can you change the name, thereverseflash?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: puppies on April 02, 2016, 02:35:45 am
Interesting idea.  I've got a box I can mine with. 

One thing I don't get is how the hell do I register accounts?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: btswildpig on April 02, 2016, 02:49:51 am
ok ....So instead of pre-allocation , you choose to mine quickly for a big portion , is the new smart way to avoid legal issues with pre-allocation like BM mentioned ?

Hmm ...I wonder if it would hold up in court .....
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: tonyk on April 02, 2016, 03:37:44 am

We didn't announce this on BitShares earlier because we figured this community would better understand the value of what we are doing and make it
difficult execute the strategy bytemaster recently blogged about:

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

We have secured ~80% of the initial STEEM via mining.

So the main innovation is  secretly premining in open view? It is pretty sad where "innovation" effort go in this community as of late.

Thanks, but no thanks... I have experienced a 1,5 years of constant sell pressure by whales that openly quick mined PTS, to have the desire to experience the same by people that found a way to premine, sorry "secure " 80% stake for themselves secretly in open view.


--------------------------
Q: Is there STEALTH in steem's GUI?

At the moment Steem has no GUI and the blockchain doesn't support stealth.

I wanted to make sure Steem didn't compete with BitShares market.  In fact, one of the reasons I was willing to help with Steem was that its feature set is fundamentally incompatible with BitShares and we could not hardfork BitShares to implement what Steem does.

Steem is designed to encourage long-term holders and discourage the dumping that BTS has experienced. It is good for them to have a large stake and not give it away to miners who will dump it.  Now they can give it away strategically to grow Steem.

So does this means that, one the record, you claim this STEEM project is not yours (lead by you etc) BM? * **

Or are you simply claiming the last 7 blog posts of yours were written by someone else?

* I find the POW algo is very innovative (well scientifically proposed, but not tried in real world as far as I know)
** The value of slowing money down is not new idea (actually it is probably the oldest one around) but if I have to bet who will try it first in crypto? It will be you.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Riverhead on April 02, 2016, 03:41:09 am

For those willing to do a little digging this is a pretty cool project. A little digging is required. It's not going to be spoon fed.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: emailtooaj on April 02, 2016, 03:58:19 am
I suppose dusting off my old, old, old proto rig is futile ? 
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: BunkerChainLabs-DataSecurityNode on April 02, 2016, 04:16:36 am
(http://liveagle.in/wp-content/uploads/2016/03/april-fools-day-2016-1.png)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: puppies on April 02, 2016, 05:34:54 am
This is a rather elaborate April fools day joke if that's what it is.  I'm not getting the joke either way, but I've got a migraine so my sense of humor is suffering.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: arhag on April 02, 2016, 09:41:02 am
Interesting...


The true purpose and scope of Steem will be revealed in a couple of weeks, but for now it is open for everyone to look at the code.

Perhaps something like a decentralized alternative to threaded discussion forums, e.g. Reddit self posts (though limited to STEEMIT_MAX_COMMENT_DEPTH == 6 nested comments, which I guess is a reasonable number),
except with the distinguishing feature of economic rewards for good comments ("What do you mean internet karma points don't have to be worthless?" ;)).
Though perhaps that could backfire as well: redditors take karma too seriously as it is even though it currently provide no economic value whatsoever. But it would be fun to see how economic incentives modify social behavior online.


I look forward to hearing more about this project in the future.




Some additional (long) thoughts on the project:

The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting. There is a DEX on the network with just a single market STEEM/SBD (plus there are subsidies to liquidity providers which is great addition), but yet it seems pretty clear that SBD is not BitUSD/Smartcoins. Specifically, there is no SBD borrow with collateral mechanism available. It is possible to convert SBD to STEEM but the blockchain just destroys the SBD and prints enough new STEEM to satisfy the conversion at an exchange rate (after a 7 day delay) at the given median price feed provided by the witnesses. Thus, I think it is safe to say that all STEEM holders are effectively forced to take the "short position" against the SBD. By holding STEEM they are betting that its price should outperform the USD plus blockchain-declared interest rate. And this is despite all the other inflation of the STEEM supply to pay for block producers (witnesses and occasional PoW miners), the liquidity provider subsidy, the content/curation rewards, and especially to try to keep the vested STEEM balances deflationary. The one upside is that SBD longs cannot just demand to be issued as much SBD as they want, so the STEEM holders' exposure to losing on the STEEM/SBD price change gamble is somewhat limited. It seems SBD are only issued into existence as a reward for comments (and even then only half of the comment reward is in SBD while the other half is provided through VESTS). And the total amount of annual inflated STEEM funds dedicated to comment rewards is limited to 5% of the total STEEM supply (another 5% of the supply goes toward curator, i.e. comment voter, rewards in the form of VESTS).


It seems to me that STEEM holders will be getting diluted like crazy to pay for all of this. But I guess that is what VESTS are for. You give up your ability to quickly dump/transfer STEEM on demand by vesting your STEEM in order to avoid the extreme dilution of your stake while you hold. And in fact your percentage ownership of the total stake should actually increase as long as less than 90% of the total STEEM is being vested in the network (though apparently more than 80% of the current STEEM supply is already vested, so who knows how likely it actually will be that the network will normally be vesting less than 90% of the total STEEM supply).

It seems like an interesting economic experiment.

I think it is particularly interesting that the nature of VESTS (2 years until you can fully withdraw all of your funds) means that it would be foolish for exchanges to try to vest any STEEM deposited by their customers. This means two things:
1) the exchanges would not have the power to vote for witnesses (sinces only VESTS assets have voting power) which is good for network security; and,
2) it is foolish for the buy-and-hold investors to keep all their stake on exchanges in an attempt to avoid the inconveniences of using the client software because that would force them to keep all of their stake in the highly inflationary STEEM asset rather than the more profitable VESTS asset (thus they have an economic incentive to download and use the client, which is a great thing).


It isn't completely clear to me where the revenue for this DAC would come from. All that inflation needs to be paid for somehow in the long term. The obvious answer is that the revenue could come from transaction fees on posting comments. And that could certainly be a viable business model for the DAC if people are willing to pay per post. But nickel-and-diming people per post is a pretty annoying user experience, so it isn't clear if that business plan could actually work in reality. There is potentially an alternative strategy, which may already be what this DAC is aiming for (I don't know for sure, I wasn't able to tell from my brief review of the code). People might be willing to buy STEEM and turn it into VESTS even if it isn't as profitable of an investment as other altcoins, simply to gain access to the services provided by the DAC. The rate-limited free transaction mechanism being added to BitShares could also let this DAC allows users to submit comments and posts for free, but at a limited rate which is proportional to the amount of VESTS they hold in their account. Effectively, users would be paying for the comments/votes through the lower returns on their "investments" compared to the returns they would have gotten had the comment/vote transaction had a transaction fee. This solves the nickel-and-diming user experience problem, but it is still not clear whether users would find the higher costs (even if hidden and implicit) to be justified for the unique features of decentralization and also profiting from karma, or if they would rather prefer sticking with the existing centralized systems that are cheaper/free (or more precisely: paid for by advertising).


Finally, I find the low-profile/vague announcement strategy used by thereverseflash to be both amusing and perfectly rational.
Creating a new mining algorithm only to highly deemphasize it in favor of DPoS only 1 month after launch,
underselling the potential and ambition of this DAC (it is presented as yet-another-simple-alt-coin and not as an attempt to create a decentralized Reddit),
leaving in technical barriers to joining in on the initial mining; it all makes sense when you read this blog post (http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/) by bytemaster and accept it as the guidebook for launching this DAC.
Now the question is will bytemaster's strategy work, or will it cause the Bitcoin community to treat this DAC like a pariah and stubbornly refuse to use it while yelling out words like "instamine." I can't wait to find out.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: tonyk on April 02, 2016, 10:55:39 am
"Finally, I find low-profile/vague announcement strategy used by thereverseflash to be both amusing and perfectly rational. "

me too... well at least on the amusing part...


but then again who is  arhag? ....kidding...


"Now the question is will bytemaster's strategy work, or will it cause the Bitcoin community to treat this DAC like a pariah and stubbornly refuse to use it while yelling out words like "instamine." I can't wait to find out."
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Empirical1.2 on April 02, 2016, 11:07:09 am
http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

Quote
Perhaps the Bitcoin Communities cultural regulations are a blessing in disguise. By intentionally violating every one of their expectations you can minimize your token’s value at launch while still legally mining a token for minimal cost.

Unfortunately this is true but not only at launch but for the lifetime of the token. 

While possibly done as  a legal workaround, a coin which violates most of those expectations is unlikely to ever gain serious traction/adoption from a decentralized community.

That's not to say they're not worth buying now depending on the current valuation because it could receive a large bump when more is revealed but after that you could be fighting against gravity/expending too much effort trying to build on that foundation. (You'll also be giving away 40% of the amount mined so far which I believe is very price suppressive too.)

If it is a genuinely innovative and valuable blockchain it seems like an unnecessarily risky strategy & a fork of the same concept launched differently would presumably be much more valuable.

Interesting...
Some additional (long) thoughts on the project:...

It does sound interesting.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Akado on April 02, 2016, 12:18:13 pm
We have secured ~80% of the initial STEEM via mining.  Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.

One would think that is instamining as well as ICO, exactly the opposite of the announced on Bitcointalk
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: ebit on April 02, 2016, 02:01:57 pm
[member=42184]thereverseflash[/member]  I created a node : "122.114.47.242"

But I haven't a private key ,so I can't create a account.privete key is bitcoin's  :D

I got a publick key :STM5p78kHbL33Rn3JWkTWRE2B9uz6gy4r1KbfAKLNQGE3ovMBS5bu

Any one give me some coins?

I don't known how to create my first account

 ./steemd --miner='["accountname","${WIFPRIVATEKEY}"]' --witness='"accountname"'
get_account mottler
create_account_with_private_key
create_account( string creator, string new_account_name, string json_meta, bool broadcast )

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 02, 2016, 03:41:11 pm
We have secured ~80% of the initial STEEM via mining.  Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.

One would think that is instamining as well as ICO, exactly the opposite of the announced on Bitcointalk

Definitions:

pre-mine: mining tokens without publicly announcing the network or pre-allocate tokens
ico: directly selling pre-mined coins, often selling coins before the network exists
instamine: having the majority of tokens mined in the first day

People like to get loose with definitions of words (like scam) but also the above words are thrown out.

pre-mine: implies "pre-*SOMETHING* mine", the question is what is *SOMETHING*?   I take it to mean "before public announcement" which
is the only objective measure.  There are degrees of public announcement,  but announcing on BItcointalk in the announcement section seems like it was announced where people look for such announcements and not someplace where people are not looking.

ico: reselling a mined coin is not an ICO any more than reselling a new car after driving it off the lot is considered selling a new car.

instamine: the vast majority of tokens within STEEM will be created in the future.   The introduction of vesting makes it harder to directly compare to other coins. They did lock up a 56.3% stake in the network that is more or less protected from dilution.  On the other hand, to lock up that STEEM means they cannot sell most of it for years.

Then factor in their intent to give away much of what they did mine, and it can be interpreted as a move to make sure that new users can get into STEEM long into the future.  Giving it away to new users does not create sell pressure if they give the new users VESTS.   

The conclusion I gather from this is that STEEM will end up in the hands of more people by having Steemit, Inc distribute VESTS to unique users than it would have ended up in if only miners and botnets could mine. 

So how much has Steemit, Inc acquired:

2,998,914.000  STEEM Supply
2,417,426.000  VESTING STEEM  (80.6%)

373,870.665560 VESTS Supply
261,585.400566 VESTS held by account steemit (69.9%)

STEEM held by steemit   .699 * .806 => 56.3%







Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 02, 2016, 06:07:30 pm
[member=42184]thereverseflash[/member]  I created a node : "122.114.47.242"

But I haven't a private key ,so I can't create a account.privete key is bitcoin's  :D

I got a publick key :STM5p78kHbL33Rn3JWkTWRE2B9uz6gy4r1KbfAKLNQGE3ovMBS5bu

Any one give me some coins?

I don't known how to create my first account

 ./steemd --miner='["accountname","${WIFPRIVATEKEY}"]' --witness='"accountname"'
get_account mottler
create_account_with_private_key
create_account( string creator, string new_account_name, string json_meta, bool broadcast )


You just mine it.  No need for faucet or coins.  No ability to send to address.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: julian1 on April 02, 2016, 09:08:58 pm
BTS holders are still paying off the merger, the intent of which was to prevent the fracturing of development effort/code/chains/community.

Yet this fork receives official blessing and assistance.

It must be April Fools.


 
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: tonyk on April 02, 2016, 11:59:05 pm
BTS holders are still paying off the merger, the intent of which was to prevent the fracturing of development effort/code/chains/community.

Yet this fork receives official blessing and assistance.

It must be April Fools.

Friendly advise. If you believe in BM's new vision (as opposed to his ex-vision i.e. BTS) you better get on board with steem...

I personally find his early ideas far better and consider him more or less lost currently, so I have no interest in this STEEM, but it is just me.

So act accordingly to your take on things in that regard.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: ebit on April 03, 2016, 01:19:05 am
I am mining
this right?
Code: [Select]
nable-stale-production)
1040032ms th_a       witness.cpp:215               block_production_loo ] Not producing block because production is disabled until we receive a recent block (see: --enable-stale-production)
1040292ms th_a       application.cpp:660           get_blockchain_synop ] synopsis: ["0004161ba5297bef65fa416e74b3490ca321e7bd"]
1041029ms th_a       witness.cpp:215               block_production_loo ] Not producing block because production is disabled until we receive a recent block (see: --enable-stale-production)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: hrossik on April 03, 2016, 02:11:01 am
I am mining
this right?
Code: [Select]
nable-stale-production)
1040032ms th_a       witness.cpp:215               block_production_loo ] Not producing block because production is disabled until we receive a recent block (see: --enable-stale-production)
1040292ms th_a       application.cpp:660           get_blockchain_synop ] synopsis: ["0004161ba5297bef65fa416e74b3490ca321e7bd"]
1041029ms th_a       witness.cpp:215               block_production_loo ] Not producing block because production is disabled until we receive a recent block (see: --enable-stale-production)

I don't think so...

And am I mining? It's been 6 hrs, and still nothing...
Code: [Select]
532459ms th_a       application.cpp:394           handle_transaction   ] Got 1 transactions from network
534065ms th_a       witness.cpp:352               on_applied_block     ] hash rate: 14784 hps  target: 28 queue: 98 estimated time to produce: 302.61933621933621907 minutes
537432ms th_a       witness.cpp:352               on_applied_block     ] hash rate: 14443 hps  target: 28 queue: 98 estimated time to produce: 309.76419488102658306 minutes
540266ms th_a       witness.cpp:352               on_applied_block     ] hash rate: 14916 hps  target: 28 queue: 98 estimated time to produce: 299.94128899615623141 minutes
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 03, 2016, 03:09:37 am
Friendly advise. If you believe in BM's new vision (as opposed to his ex-vision i.e. BTS) you better get on board with steem...

I personally find his early ideas far better and consider him more or less lost currently, so I have no interest in this STEEM, but it is just me.

So act accordingly to your take on things in that regard.

Would brownies value reflect the potential  success (or not) of his new vision  the next days?
Would they act like a... prediction market?   8)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: ebit on April 03, 2016, 03:10:33 am
Quote
The reasoning behind not having windows binaries is that the devs continue to use their insider knowledge to fuck over the community.

The list of how they do this is growing longer.

Most recently you will notice that they offered someone a position as a witness. How are they able to offer this position? Because they have now secured all control over this coin by using this concept of vests. This coin is COMPLETELY CENTRALIZED NOW.

Here's how they did it:

First, they did a typical instamine/flashmine/freemine scam (yes scam) where they released

(1) no compiled wallets
(2) no instructions to build
(3) incomplete and inaccurate instructions to mine

This wasn't bad enough. After the first 12 or so hours of mining, all their miners crashed, exposing that they were mining to 100 different witnesses to hide the fact that they (he) was one entity. The devs wouldn't have been caught except that their mining instructions were wrong, and no one else was mining because, even if they couldn't get the client to build, they entered mining commands that caused them to get no blocks. The devs will claim this isn't on purpose, but check the original thread. You'll see that no one mined a block when the dev's miners were down.

Then, as I have stated many times, when their miners crashed again, I mined a significant amount of steem that night in their absence. To prevent my vesting that and driving the price of vests up on them, they relaunched to ensure COMPLETE CONTROL AND CENTRALIZATION.

After the relaunch, no one would challenge them on mining because if they did, the devs would just relaunch this scamcoin again. So, no one who pays attention (and the people who have the means to procure whatever hashes they want are also the people who are paying attention), would challenge them on the hashes. As they hoped, no one did and they completely dominated the hashes for 1 week.

Now after 1 week of hashing, they dump all their coins into vests, where the price of a vest goes up with the amount vested. This is not your typical stakeholding where one unit of currency is worth one stake. This is on purpose so that they can COMPLETELY CONTROL THIS COIN IN A CENTRALIZED WAY after just 1 week.

Vests don't cost 1 STEEM anymore like they did when the devs bought them. They now cost 5 STEEM. That means that you will need to dominate all the hashes for 5 weeks just to match the control the devs have after 1 week. They have driven your costs up by 5, not using the market, as should be done, but by using this freemine/threat-of-relaunch scam.

So, why don't we all just mine for 5 weeks and decentralize control ourselves? There are two main reasons.

First, anyone who is paying attention (this includes all smart people with BTC to throw at things like this) won't dump money on a scam like this. So you are going to get a bunch of gullible small timers who don't have the foresight to convert to vests anyway, even if vests were legit. The small timers just want to get a profit asap.

Second, there's only 3 more weeks left of true mining before delegated mining kicks in. Delegated mining is when the devs pick 19 "witnesses" to mine. Maybe they might pick one or two legit miners, but the most likely scenario, given the scam they have perpetrated so far, is that they will pick at least 17 instances of themselves to mine.

In other words, it's impossible now to decentralize this coin because the devs have rigged it since the beginning. Not only that, they will be getting all the coins, unchallenged, for as small of a price as they want to pay.

By the way, I'm keeping track here. The devs are going to have to stay low and so will this coin. If it ever gets big, then these devs will be fucked because they will not be able to deny they control the entire currency.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: btswildpig on April 03, 2016, 03:39:50 am
BTS holders are still paying off the merger, the intent of which was to prevent the fracturing of development effort/code/chains/community.

Yet this fork receives official blessing and assistance.

It must be April Fools.

I support this fork even though I think it's sketchy .....

It's not like there is a legal contract in crypto , everybody can do whatever they want . Fixing the merger is not his task anymore . The more you realize that , the more you can drop the unreal hops about how he would fix it one day by magical wand ....And may be , you will be better off , at least you can adjust your hopes and take risk base on less hype or promise . When people want to make you a promise , ask them to write a legal contract , if they can't , don't rely on the promise .

Example : when 2.0 released , the promise was ---- All future dilution will be vested for years , removing selling pressures once and for all ....  And ....There was a lot of people actually brought that promise ...  Of course ,  there is always a reality where the promise didn't mean it and reality kicks in ----they need to eat now .  But ....why would they make that promise then ?  Why would you have believed in that promise ? 

Had you not hoped that someone will fix the merger's lost with big thing and all , you could've sold BTS at at least 4-5 times more price than what it is now .

After all , it's not like it's easy to keep promise or make good on a promise , especially when the promise was based on flames .  IF you take things too seriously , you'll believe it . Once you believe it , you can't help to invest more or resisting cutting lost base on your own financial situation or your opinion on the market .

Besides , it's not like if you dilute enough to them , it will make them stay for a long time . After all , no contract , remember ? Sooner or later there will be projects that pays more.
What , some want to dilute 100% speed to hope them stay ? Hmm ...Competition would offer money+stock+co-founder+401k+dental..... What then ?

But ....would you be pleased to know that despite its fancy new tech , STEEM would bear the name of BTS , and people won't take STEEM too serious because of what happens on BTS ......

Of course , there is also a slight chance of STEEM going to the moon . If then , don't fight it , "will not make a competition to BTS" is also not a contract . The society invented legal contract for a reason , people always want to flame the promise and do less or cut some corner of find a new way to interpret the promise ....If you don't have a legal contract , don't take to much risk to believe in a promise .


PS. It's good to see someone finally dropping the name with Bit,  Shares , Coin ....Although it would be nice if it's not the same as the gaming platform STEEM .....
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: fav on April 03, 2016, 07:12:03 am

We didn't announce this on BitShares earlier because we figured this community would better understand the value of what we are doing and make it
difficult execute the strategy bytemaster recently blogged about:

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

We have secured ~80% of the initial STEEM via mining.

So the main innovation is  secretly premining in open view? It is pretty sad where "innovation" effort go in this community as of late.

Thanks, but no thanks... I have experienced a 1,5 years of constant sell pressure by whales that openly quick mined PTS, to have the desire to experience the same by people that found a way to premine, sorry "secure " 80% stake for themselves secretly in open view.


--------------------------
Q: Is there STEALTH in steem's GUI?

80% premine
Highly recommend

Nice April fool's bm&op
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 03, 2016, 08:07:15 am
80% premine
Highly recommend

Nice April fool's bm&op

What are they mining if it is a April fool?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 03, 2016, 08:22:05 am
You have an interesting coin, but everything about this execution has been from the mind of a 12 year old.

If it's just a new way to do PoW, it's basically going to be a niche coin. I'll probably mine it for 24 hours before the botnets get ahold of it and dump right away.

Your long term money supply idea is pretty dumb. Nothing is viable at 100% inflation. Again, the mind of a 12 year old.

Your shit with the first "launch" was bad enough, and a few of us figured out how to mine it. And your bullshit with only a 1 hour lead time for the second launch meant that we couldn't clear up our schedules to be ready for launch. Bad move.

After that you had a relaunch and took all our advantage away after we put in the time to figure out that your example mining commands were wrong, etc.

I'm a solid dev and I probably could have gotten involved if I thought I'd get enough to make it worth my while. But your approach is so childish that I doubt the "community" will ever be more than you and your sockpuppets. You take a wrong turn at every move and I don't expect that to stop.

You'll never get a credible team together. You are obviously one guy who thinks you know everything, but you don't. I was impressed that you got a new PoW scheme working on the first shot, but you blew that too and your integer overflow highlights that you are just an amateur.


https://bitcointalk.org/index.php?topic=1410943.msg14305885#msg14305885
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 03, 2016, 08:41:26 am
https://bitcointalk.org/index.php?topic=1410943.msg14327229#msg14327229

interesting


HODL was inspired by the same blog post http://bytemaster.github.io/article/2016/01/04/The-Benefits-of-Proof-of-Work,  but we feel he didn't get the point.

FreeTrade, creator of HODL, has a bad reputation for several failed coins Memory Coin, Memory Coin II, etc.

Starting 30 days from launch, VESTS will get to vote on 19 witnesses. 1 witness will be selected by mining and 1 will be time-shared with the remaining witnesses proportional to their votes. A total of 21 per round.

After 30 days all block production and pow rewards are automatically converted to VESTS to reward miners who make long-term commitment.

The difference between this and BitShares is that the voters must be VESTING and cannot dump if they don't like how things go.  Also, unlike BitShares, there are no worker proposals nor major changes to the protocol which
should take much of the politics out of the coin. There are only two real tokens, STEEM and SBD.

Lastly, unlike BitShares, VESTS are never diluted unless over 90% of all STEEM is held as vesting.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 03, 2016, 09:36:34 am
We would have preferred the premine + ICO route.  It would have been cleaner, lower risk (in terms of getting desired stake), etc.  Then we talked to lawyers and read the regulations and saw how Ripple was prosecuted.

Conclusion: premine + ICO could force us to register as MSB and cost hundreds of thousands of dollars. Furthermore, it would undermine the real use case for Steem.  ICO also carries
the risk of SEC violations.  I am not saying that a premine + ICO couldn't be done legally without becoming a MSB or violating SEC, I am merely stating that it is more challenging / risky.

Meanwhile Bitcoin, Litecoin, Dogecoin, and other mined coins appear to be accepted and explicitly accounted for in the regulations. 

When it comes to the law and regulations, how you do something is often more important than the result achieved.

So we released a coin with open code that fully documents the protocol for anyone willing to work for it and didn't mine anything before all information about the protocol was technically available to the public. In theory,
anyone could see the protocol and realize the new business opportunities it creates. There is no "insider" information when the protocol is open and anyone can build on it. 

Our only advantage is *information* about how we intend to use the platform. The irony is that there are legal risks in sharing information about what we intend to do for a
coin until after we have done it. That information could be interpreted as a promise that in turn would give the coin value derived from our future actions.  So we didn't promise anything, but we still
know what our plans are. End result, we valued the coin higher than anyone else.  We purchased it with our own miners. Speculators willing to take a risk competed with us even though they didn't
know exactly what we planned to do with the coin.

We also have learned from past experiences like ProtoShares that was used to launch BitShares. Invictus had intended to mine it and make money on the appreciation after BitShares
actually came out, but instead GPU miners and faster mining algorithms were developed within a week of launch. That left the BitShares team struggling for a solution. It is reasonable to
expect that anyone with a profiler and some programming skills could come up with a faster, more efficient, implementation of mining that we did. Higher performance could have been achieved
with just a hour of effort by a competent programmer. 

So, if you are OK with the concept of premine + ICO, and if you value having a development team funded by capital appreciation, and if you value having a team do the best it
can to insulate itself for burdensome regulations, then you can appreciate what was done with STEEM.  If you don't like 'games' then blame the government for their rules, don't blame the people who play by them.
   
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: svk on April 03, 2016, 10:02:28 am
I am mining
this right?
Code: [Select]
nable-stale-production)
1040032ms th_a       witness.cpp:215               block_production_loo ] Not producing block because production is disabled until we receive a recent block (see: --enable-stale-production)
1040292ms th_a       application.cpp:660           get_blockchain_synop ] synopsis: ["0004161ba5297bef65fa416e74b3490ca321e7bd"]
1041029ms th_a       witness.cpp:215               block_production_loo ] Not producing block because production is disabled until we receive a recent block (see: --enable-stale-production)

I don't think so...

And am I mining? It's been 6 hrs, and still nothing...
Code: [Select]
532459ms th_a       application.cpp:394           handle_transaction   ] Got 1 transactions from network
534065ms th_a       witness.cpp:352               on_applied_block     ] hash rate: 14784 hps  target: 28 queue: 98 estimated time to produce: 302.61933621933621907 minutes
537432ms th_a       witness.cpp:352               on_applied_block     ] hash rate: 14443 hps  target: 28 queue: 98 estimated time to produce: 309.76419488102658306 minutes
540266ms th_a       witness.cpp:352               on_applied_block     ] hash rate: 14916 hps  target: 28 queue: 98 estimated time to produce: 299.94128899615623141 minutes

hrossik is mining, ebit is not.

You probably need to add some seed nodes [member=20]ebit[/member], you can add these to the config.ini:

Code: [Select]
seed-node = 52.37.169.52:2001
seed-node = 52.26.78.244:2001
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: pc on April 03, 2016, 10:49:31 am
There is something not working here.
I've been mining since yesterday with my quad-core at ~22khps. The client tells me it'll take 50-150 minutes to solve a POW. Indeed I sometimes see a message like "Broadcasting Proof of Work for cyrano", but that's it. No accumulating STEEM, not even POW transactions in my account history (except for one yesterday, almost immediately after I started).

Any ideas?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on April 03, 2016, 11:54:50 am
There is something not working here.
I've been mining since yesterday with my quad-core at ~22khps. The client tells me it'll take 50-150 minutes to solve a POW. Indeed I sometimes see a message like "Broadcasting Proof of Work for cyrano", but that's it. No accumulating STEEM, not even POW transactions in my account history (except for one yesterday, almost immediately after I started).

Any ideas?
With pow you only mine a 'ticket' in the block production queue .. once you got a ticket mined you need to wait for your round to actually produce a few blocks .. (maybe 20 or so)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: cass on April 03, 2016, 01:09:13 pm
[member=25607]btswildpig[/member] : IIRC the gaming platform is called STEAM ..
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: BunkerChainLabs-DataSecurityNode on April 03, 2016, 02:23:08 pm

Funny? It makes you look very bad and will leave a stain on this coin that you're gonna have to work very hard to overcome, if it's even possible..

Said about every altcoin ever started.. since the beginning of time... after some random guy goes on about it being a scam.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: pc on April 03, 2016, 03:53:38 pm
There is something not working here.
I've been mining since yesterday with my quad-core at ~22khps. The client tells me it'll take 50-150 minutes to solve a POW. Indeed I sometimes see a message like "Broadcasting Proof of Work for cyrano", but that's it. No accumulating STEEM, not even POW transactions in my account history (except for one yesterday, almost immediately after I started).

Any ideas?
With pow you only mine a 'ticket' in the block production queue .. once you got a ticket mined you need to wait for your round to actually produce a few blocks .. (maybe 20 or so)

I know that. I should be mining a ticket every 2 hours or so, but I'm not.

What I'm seeing is messages like this:
Code: [Select]
hash rate: 21507 hps  target: 27 queue: 95 estimated time to produce: 104.01088637807846737 minutesand in the 30 hours I've been mining a grand total of 5 messages like
Code: [Select]
Broadcasting Proof of Work for cyranoIf I understand this correctly each "Broadcasting POW" should result in a transaction that gets me a place in the queue, but only one of these made it into my account history.

Edit: sometimes you just have to complain to make it work I guess...
Code: [Select]
2016-04-03 17:55:16.269806500 3316269ms th_a       witness.cpp:436               operator()           ] Broadcasting Proof of Work for cyrano
2     285428     4a49bdf267c686f76b2558cf6ac3807eb1373e62 pow                  {"worker_account":"cyrano", ...
Nevertheless, this only proves my assumption that for every "Broadcasting POW" message there should be one TX in my account history, but there isn't.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Xeldal on April 03, 2016, 04:08:37 pm
my hash rate on several nodes has dropped from ~6000 hps down to ~600 hps and it just stays there.  Another node with the exact same settings stays at 6000.

No clue.  I've restarted, replayed, resynced, rebooted.  no change.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 03, 2016, 04:13:18 pm
There is something not working here.
I've been mining since yesterday with my quad-core at ~22khps. The client tells me it'll take 50-150 minutes to solve a POW. Indeed I sometimes see a message like "Broadcasting Proof of Work for cyrano", but that's it. No accumulating STEEM, not even POW transactions in my account history (except for one yesterday, almost immediately after I started).

Any ideas?
With pow you only mine a 'ticket' in the block production queue .. once you got a ticket mined you need to wait for your round to actually produce a few blocks .. (maybe 20 or so)

I know that. I should be mining a ticket every 2 hours or so, but I'm not.

What I'm seeing is messages like this:
Code: [Select]
hash rate: 21507 hps  target: 27 queue: 95 estimated time to produce: 104.01088637807846737 minutesand in the 30 hours I've been mining a grand total of 5 messages like
Code: [Select]
Broadcasting Proof of Work for cyranoIf I understand this correctly each "Broadcasting POW" should result in a transaction that gets me a place in the queue, but only one of these made it into my account history.

Edit: sometimes you just have to complain to make it work I guess...
Code: [Select]
2016-04-03 17:55:16.269806500 3316269ms th_a       witness.cpp:436               operator()           ] Broadcasting Proof of Work for cyrano
2     285428     4a49bdf267c686f76b2558cf6ac3807eb1373e62 pow                  {"worker_account":"cyrano", ...
Nevertheless, this only proves my assumption that for every "Broadcasting POW" message there should be one TX in my account history, but there isn't.

It could be that the transaction was broadcast too late to be included by the producer.   There is a race condition where if you broadcast it, but the producer doesn't receive it in time and so it is "stale" and not included in the blockchain.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: roadscape on April 03, 2016, 04:50:15 pm
Very interesting.. +5%

Sparkle has come a long way :P
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: svk on April 03, 2016, 05:02:34 pm
my hash rate on several nodes has dropped from ~6000 hps down to ~600 hps and it just stays there.  Another node with the exact same settings stays at 6000.

No clue.  I've restarted, replayed, resynced, rebooted.  no change.
That means you've found a pow and are in the queue to produce blocks. If you only have one witness/miner pair setup you stop mining while producing blocks.

Don't shut down your miner when this happens, I made that mistake too at first.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Xeldal on April 03, 2016, 05:27:48 pm
my hash rate on several nodes has dropped from ~6000 hps down to ~600 hps and it just stays there.  Another node with the exact same settings stays at 6000.

No clue.  I've restarted, replayed, resynced, rebooted.  no change.
That means you've found a pow and are in the queue to produce blocks. If you only have one witness/miner pair setup you stop mining while producing blocks.

Don't shut down your miner when this happens, I made that mistake too at first.

Well I've got 2 miners in config.  I'd have expected the hash rate to drop to 0 if both were in queue but it only drops to ~600  and it seems to stay that way indefinitely.  Going on 14 hours now at 600 hps.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: svk on April 03, 2016, 05:41:56 pm
my hash rate on several nodes has dropped from ~6000 hps down to ~600 hps and it just stays there.  Another node with the exact same settings stays at 6000.

No clue.  I've restarted, replayed, resynced, rebooted.  no change.
That means you've found a pow and are in the queue to produce blocks. If you only have one witness/miner pair setup you stop mining while producing blocks.

Don't shut down your miner when this happens, I made that mistake too at first.

Well I've got 2 miners in config.  I'd have expected the hash rate to drop to 0 if both were in queue but it only drops to ~600  and it seems to stay that way indefinitely.  Going on 14 hours now at 600 hps.
That does sound strange then. Have you actually produced any blocks? list_my_accounts is the easiest way to check balances, assuming you've imported your private keys.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: pc on April 03, 2016, 06:08:16 pm
It could be that the transaction was broadcast too late to be included by the producer.   There is a race condition where if you broadcast it, but the producer doesn't receive it in time and so it is "stale" and not included in the blockchain.

Thanks for the explanation. Does "in time" mean that a POW based on the hash of block n is only accepted if it is included in block n+1?
That would severely (and unnecessarily IMO) punish miners on a "high"-latency connection. For example, with a (perfectly normal) latency of 300ms a miner can effectively only mine from t+0.3s until t+2.7s, which is a 20% reduction of efficiency!
Moreover, this means that the currently active witnesses automatically have a higher than average chance to have their own POWs included in the chain in time.
Even worse, it means that the currently active witnesses can deliberately drop POWs from other miners, thereby increasing their own effective hashrate!

IMO there's no reason to not accept POWs that are based on the hash of one of the latest 21 blocks (for example).
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: fuzzy on April 03, 2016, 06:09:16 pm
Very interesting.. +5%

Sparkle has come a long way :P

LOL.  nice
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Xeldal on April 03, 2016, 06:15:08 pm
my hash rate on several nodes has dropped from ~6000 hps down to ~600 hps and it just stays there.  Another node with the exact same settings stays at 6000.

No clue.  I've restarted, replayed, resynced, rebooted.  no change.
That means you've found a pow and are in the queue to produce blocks. If you only have one witness/miner pair setup you stop mining while producing blocks.

Don't shut down your miner when this happens, I made that mistake too at first.

Well I've got 2 miners in config.  I'd have expected the hash rate to drop to 0 if both were in queue but it only drops to ~600  and it seems to stay that way indefinitely.  Going on 14 hours now at 600 hps.
That does sound strange then. Have you actually produced any blocks? list_my_accounts is the easiest way to check balances, assuming you've imported your private keys.
My DigitalOcean nodes don't have this issue while all but 1 of my AWS instances do. 
Most of the AWS nodes have not produced anything but some have.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: hadrian on April 03, 2016, 06:15:23 pm


Perhaps something like a decentralized alternative to threaded discussion forums, e.g. Reddit self posts (though limited to STEEMIT_MAX_COMMENT_DEPTH == 6 nested comments, which I guess is a reasonable number),
except with the distinguishing feature of economic rewards for good comments ("What do you mean internet karma points don't have to be worthless?" ;)).
Though perhaps that could backfire as well: redditors take karma too seriously as it is even though it currently provide no economic value whatsoever. But it would be fun to see how economic incentives modify social behavior online.


From Ned Scott's Linked in (https://www.linkedin.com/in/nedscott)

Quote
Steemit is a social media platform where everyone gets paid for creating and curating content.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Empirical1.2 on April 03, 2016, 06:26:44 pm


Perhaps something like a decentralized alternative to threaded discussion forums, e.g. Reddit self posts (though limited to STEEMIT_MAX_COMMENT_DEPTH == 6 nested comments, which I guess is a reasonable number),
except with the distinguishing feature of economic rewards for good comments ("What do you mean internet karma points don't have to be worthless?" ;)).
Though perhaps that could backfire as well: redditors take karma too seriously as it is even though it currently provide no economic value whatsoever. But it would be fun to see how economic incentives modify social behavior online.


From Ned Scott's Linked in (https://www.linkedin.com/in/nedscott)

Quote
Steemit is a social media platform where everyone gets paid for creating and curating content.

Synereo is a similar concept  http://www.synereo.com/

Quote
Synereo is a fully decentralized and distributed social platform owned by the people who use it.
Your attention is scarce, precious and powerful.It’s time for it to work for you.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 03, 2016, 06:37:09 pm
It could be that the transaction was broadcast too late to be included by the producer.   There is a race condition where if you broadcast it, but the producer doesn't receive it in time and so it is "stale" and not included in the blockchain.

Thanks for the explanation. Does "in time" mean that a POW based on the hash of block n is only accepted if it is included in block n+1?
That would severely (and unnecessarily IMO) punish miners on a "high"-latency connection. For example, with a (perfectly normal) latency of 300ms a miner can effectively only mine from t+0.3s until t+2.7s, which is a 20% reduction of efficiency!
Moreover, this means that the currently active witnesses automatically have a higher than average chance to have their own POWs included in the chain in time.
Even worse, it means that the currently active witnesses can deliberately drop POWs from other miners, thereby increasing their own effective hashrate!

IMO there's no reason to not accept POWs that are based on the hash of one of the latest 21 blocks (for example).

I considered all of these issues.  The consensus algorithm is subject to a 33% attack, whereby someone with 33% of the hashpower can gain 50% of effective hash power by ignoring POW by competitors. This is why block producers get paid for including POW of competitors, to minimize the incentive to exclude them. 

The POW-only consensus system is a short-term concern and designed mostly for distributing coins and giving time for witnesses to be elected.

Low latency is a critical issue on any blockchain with 3 second blocks. Someone who is unable to mine with low latency impacts everyone else when they finally get scheduled to produce blocks.

We have effectively made latency part of the POW algorithm which means forcing miners to invest in low-latency VPS. It also reduces potential for mining pools and hinders botnets.   Botnets would have to distribute the private key to all machines and many of the compromised computers are on slow internet connections. 

Just consider it a different kind of resource like CPU, GPU, DISK, etc. 
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: nextgencrypto on April 03, 2016, 10:56:40 pm
Hey all, just came across this thread here.   :D

I was asked by the team to provide a little info about myself in order to be voted a witness. 
As many have, I joined the crypto world after the sudden increase in price and publicity a few years back now.  The latest project I've worked on in the crypto space is Synergy Cloud, a web based trading bot (similar to other basic bots out there) that allows users to trade across a few exchanges in reward for burning Synergy Coin.  I'm also very involved in the Coinbar project and spend a lot of time looking for new cryptos to get involved in and doing some trading here and there.   ;D  Professionally, I'm a project manager working for a large e-commerce company mainly focusing on machine learning.  I've got a good amount of hardware at my disposal and will continue to support the STEEM project.  

I look forward to getting to know some of you guys and moving forward with STEEM!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Empirical1.2 on April 04, 2016, 12:41:57 am


Perhaps something like a decentralized alternative to threaded discussion forums, e.g. Reddit self posts (though limited to STEEMIT_MAX_COMMENT_DEPTH == 6 nested comments, which I guess is a reasonable number),
except with the distinguishing feature of economic rewards for good comments ("What do you mean internet karma points don't have to be worthless?" ;)).
Though perhaps that could backfire as well: redditors take karma too seriously as it is even though it currently provide no economic value whatsoever. But it would be fun to see how economic incentives modify social behavior online.


From Ned Scott's Linked in (https://www.linkedin.com/in/nedscott)

Quote
Steemit is a social media platform where everyone gets paid for creating and curating content.

Synereo is a similar concept  http://www.synereo.com/

Quote
Synereo is a fully decentralized and distributed social platform owned by the people who use it.
Your attention is scarce, precious and powerful.It’s time for it to work for you.

Synereo is vastly different and was evaluated along with other competitors prior to building Steem.

The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting. There is a DEX on the network with just a single market STEEM/SBD (plus there are subsidies to liquidity providers which is great addition), but yet it seems pretty clear that SBD is not BitUSD/Smartcoins. Specifically, there is no SBD borrow with collateral mechanism available. It is possible to convert SBD to STEEM but the blockchain just destroys the SBD and prints enough new STEEM to satisfy the conversion at an exchange rate (after a 7 day delay) at the given median price feed provided by the witnesses. Thus, I think it is safe to say that all STEEM holders are effectively forced to take the "short position" against the SBD. By holding STEEM they are betting that its price should outperform the USD plus blockchain-declared interest rate.

Well you may have a BitUSD with an interest rate bonus and a mechanism for simple conversions which is exactly what I've been pushing for with my BitUSD Yield & Simple SmartCoin threads.  I can also see the value of using a social media platform for creating network effect & bootstrapping said USD.  So I think it has some potential.

Tipping with BitUSD will be huge in terms of the network effect it could help generate.

We have a product that BTC doesn't have, Currency Stable Smartcoins. (Still need more liquidity) We just need to find a way to showcase them to the hundreds of thousands of people that could benefit them. Cue tipping and cue social media.

The main potential issue at this stage is the method of launch & how it will be received which I've already given my opinion on earlier. (You may be thinking again that given it's a USD product and a separate platform you may be able to leapfrog the crypto community somewhat so their opinion is moot, but I'm fairly confident that's not the case.) I'm also not sure this couldn't be replicated on BTS in some way.

Having said that I can obviously see it has value, when will it be on an exchange? Have you considered creating an IOU for some of it on BTS for the time being?


Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 04, 2016, 01:20:43 am

Having said that I can obviously see it has value, when will it be on an exchange? Have you considered creating an IOU for some of it on BTS for the time being?
See https://cryptofresh.com/a/STEEM
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: tonyk on April 04, 2016, 02:06:33 am
so...
sbd stands for steem backed dollars

and steem stands for/comes from esteem/reputation not beam of light.?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: donkeypong on April 04, 2016, 03:33:30 am
Hey all, just came across this thread here.   :D

I was asked by the team to provide a little info about myself in order to be voted a witness. 
As many have, I joined the crypto world after the sudden increase in price and publicity a few years back now.  The latest project I've worked on in the crypto space is Synergy Cloud, a web based trading bot (similar to other basic bots out there) that allows users to trade across a few exchanges in reward for burning Synergy Coin.  I'm also very involved in the Coinbar project and spend a lot of time looking for new cryptos to get involved in and doing some trading here and there.   ;D  Professionally, I'm a project manager working for a large e-commerce company mainly focusing on machine learning.  I've got a good amount of hardware at my disposal and will continue to support the STEEM project. 

I look forward to getting to know some of you guys and moving forward with STEEM!

Welcome. I haven't understood a thing about this project yet (except that maybe STEEM won't get dumped as much as BitShares does), but it's good to see some innovation and more good people getting involved.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: rnglab on April 04, 2016, 06:53:30 am
Very interesting.. +5%

Sparkle has come a long way :P


bter stated they'd honor their memory (coins) if we manage to pipe their steem into the dex.
they also said "pow ftw".

: P

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on April 04, 2016, 07:00:32 pm
bter stated they'd honor

Using "Bter" and "honor" in the same sentence always draws a smirk from me.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: twitter on April 05, 2016, 04:11:02 am



./steemd —miner='["accountname","${WIFPRIVATEKEY}"]' —witness='"accountname"' —seed-node="52.38.66.234:2001" —mining-threads=2

who can explain how to get accountname  and WIFPRIVATEKEY?

 :'( :'( :'( :'( :'( :'( :'( :'(
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Troglodactyl on April 05, 2016, 04:15:33 am



./steemd —miner='["accountname","${WIFPRIVATEKEY}"]' —witness='"accountname"' —seed-node="52.38.66.234:2001" —mining-threads=2

who can explain how to get accountname  and WIFPRIVATEKEY?

 :'( :'( :'( :'( :'( :'( :'( :'(

The account name you just make up.  Pick something unique that no one else would use.  The WIFPRIVATEKEY you can get conveniently by running the STEEM or BitShares cli_wallet and using the suggest_brain_key command.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Empirical1.2 on April 05, 2016, 04:53:17 pm
Interesting...

Some additional (long) thoughts on the project:

The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting...

Now the question is will bytemaster's strategy work, or will it cause the Bitcoin community to treat this DAC like a pariah and stubbornly refuse to use it while yelling out words like "instamine." I can't wait to find out.

Is this already mostly coded?

If so can it be forked onto BTS or a separate DAC with an allocation strategy that greatly favours BTS holders?

The BTS SuperDAC was created with the intention of forking competitors where possible/valuable and this seems like such a scenario given it's based on BTS compatible code?

BTS is already a valuable Top 10 DAC with a large networked community  & an understanding of Graphene, while STEEM has been launched in a way that intentionally violated most crypto cultural regulations so it's value and ability to gain traction will be minimized.


Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: santaclause102 on April 05, 2016, 05:18:56 pm
I assume Steem will largly be based on graphene...

Has a sharedrop (on bts) been discussed before?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 05, 2016, 06:42:21 pm
I assume Steem will largly be based on graphene...

Has a sharedrop (on bts) been discussed before?

The following parts of Steem reuse code from BitShares which was released under public domain shortly after Graphene was announced.

libraries/net - P2P network code is 100% the same
libraries/db - general purpose, blockchain agnostic, in-memory database

The following parts of Steem have been completely written from scratch:

libraries/chain
      - all operations used by the blockchain (transfer, etc)
      - all objects kept in memory
libraries/wallet
programs/cli_wallet

The following parts of Steem have been heavily adapted from BTS:
     - limit order operation and matching
   
The question of a share drop has been discussed internally and so far has been avoided for regulatory, support, and complexity reasons.

The current license of Steem prohibits unauthorized chains derived from the same code. 

Ned will respond with a more detailed response and policy. I just wanted to provide some 'facts' and not state any position one way or another on the decision to share drop or not.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Empirical1.2 on April 05, 2016, 06:49:42 pm
Has a sharedrop (on bts) been discussed before?

Not yet to my knowledge.

I think it may be advisable to share-drop on BTS though because it seems to be a method for bootstrapping a competiting BitUSD which is what shareholders feared about VOTE DAC and why many agreed to the BTS merger.

Quote
There are many problems we need to resolve as a community:

1) We don't want to compete with ourselves and divide our network effect.
2) We don't want to confuse users with a million brands.
3) We want to have 1 BitUSD for everything rather than many different BitUSDs
5) I don't want to have divided loyalties... I cannot serve two masters.

My Proposal:

1) Drop all other BitShares brands.... rename BitShares X to just BitShares

There will still be other DACs based upon our toolkit  (Music, Gaming, DNS, etc) but those clones will not be dividing my loyalty because they have their own teams and are already known and operating independently of us.  Those who have joined those DACs can attempt to grow them how they see fit and BitShares will be competing with them where we can.

https://bitsharestalk.org/index.php/topic,10148.0.html

I'm not sure yet, but it also seems like STEEM may be using dilution to fund an interest rate bonus...

The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting.

Though unlikely, it's possibly similar to a concept I've been pushing to benefit BitUSD, https://bitsharestalk.org/index.php/topic,21597.0.html which BM hasn't ackowledged in the forum and only a few months ago believed wouldn't work.

That's $365 000 a year of dilution.  That could be  +5% on $7 500 000 worth of BitUSD.
Even with a lot of yield harvesting that would rapidly make BTS the undisputed Crypto USD market leader.
Providing yield on USD doesn't work because of yield harvesting, people would create USD and sit on it until the rate of return approached 0.

I don't know what the SBD liquidity subsidies are but they could also be the best combo from ideas formulated from the BitUSD liquidity thread, https://bitsharestalk.org/index.php/topic,21544.195.html

So SBD is potentially a competing BitUSD using concepts that could have helped bootstrap BitUSD or a USD on BTS.

So I don't think STEEM will necessarily be popular with BTS shareholders & given that they've intentionally violated a lot of the crypto communities cultural expectations they're unlikely to be popular with them either.

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

Quote
Perhaps the Bitcoin Communities cultural regulations are a blessing in disguise. By intentionally violating every one of their expectations you can minimize your token’s value while still legally mining a token for minimal cost.

We have secured ~80% of the initial STEEM via mining.  Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.

We''ll have to wait to learn more but I think STEEM/SBD could be a BitUSD competitor and we should potentially be looking at options, forking/other to compete with it.



Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: lil_jay890 on April 05, 2016, 07:08:18 pm
Has a sharedrop (on bts) been discussed before?

Not yet to my knowledge.

I think it may be advisable to share-drop on BTS though because it seems to be a method for bootstrapping a competiting BitUSD which is what shareholders feared about VOTE DAC and why many agreed to the BTS merger.

Quote
There are many problems we need to resolve as a community:

1) We don't want to compete with ourselves and divide our network effect.
2) We don't want to confuse users with a million brands.
3) We want to have 1 BitUSD for everything rather than many different BitUSDs
5) I don't want to have divided loyalties... I cannot serve two masters.

My Proposal:

1) Drop all other BitShares brands.... rename BitShares X to just BitShares

There will still be other DACs based upon our toolkit  (Music, Gaming, DNS, etc) but those clones will not be dividing my loyalty because they have their own teams and are already known and operating independently of us.  Those who have joined those DACs can attempt to grow them how they see fit and BitShares will be competing with them where we can.

https://bitsharestalk.org/index.php/topic,10148.0.html

I'm not sure yet, but it also seems like STEEM may be using dilution to fund an interest rate bonus...

The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting.

Though unlikely, it's possibly similar to a concept I've been pushing to benefit BitUSD, https://bitsharestalk.org/index.php/topic,21597.0.html which BM hasn't ackowledged in the forum and only a few months ago believed wouldn't work.

That's $365 000 a year of dilution.  That could be  +5% on $7 500 000 worth of BitUSD.
Even with a lot of yield harvesting that would rapidly make BTS the undisputed Crypto USD market leader.
Providing yield on USD doesn't work because of yield harvesting, people would create USD and sit on it until the rate of return approached 0.

I don't know what the SBD liquidity subsidies are but they could also be the best combo from ideas formulated from the BitUSD liquidity thread, https://bitsharestalk.org/index.php/topic,21544.195.html

So SBD is potentially a competing BitUSD using concepts that could have helped bootstrap BitUSD or a USD on BTS.

So I don't think STEEM will necessarily be popular with BTS shareholders & given that they've intentionally violated a lot of the crypto communities cultural expectations they're unlikely to be popular with them either.

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

Quote
Perhaps the Bitcoin Communities cultural regulations are a blessing in disguise. By intentionally violating every one of their expectations you can minimize your token’s value while still legally mining a token for minimal cost.

We have secured ~80% of the initial STEEM via mining.  Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.

We''ll have to wait to learn more but I think STEEM/SBD could be a BitUSD competitor and we should potentially be looking at options, forking/other to compete with it.

So your saying that Steem is a direct competitor with BTS?

This is very confusing... Is this CNX's new project/chain that we paid to prevent during the merger?  Little did we know that we were actually funding the competition of BTS.

Now do we dump BTS for Steem or does Steem work with BTS?  It doesn't sound like it will be sharedrop.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Empirical1.2 on April 05, 2016, 07:31:51 pm
Has a sharedrop (on bts) been discussed before?

Not yet to my knowledge.

I think it may be advisable to share-drop on BTS though because it seems to be a method for bootstrapping a competiting BitUSD which is what shareholders feared about VOTE DAC and why many agreed to the BTS merger.

Quote
There are many problems we need to resolve as a community:

1) We don't want to compete with ourselves and divide our network effect.
2) We don't want to confuse users with a million brands.
3) We want to have 1 BitUSD for everything rather than many different BitUSDs
5) I don't want to have divided loyalties... I cannot serve two masters.

My Proposal:

1) Drop all other BitShares brands.... rename BitShares X to just BitShares

There will still be other DACs based upon our toolkit  (Music, Gaming, DNS, etc) but those clones will not be dividing my loyalty because they have their own teams and are already known and operating independently of us.  Those who have joined those DACs can attempt to grow them how they see fit and BitShares will be competing with them where we can.

https://bitsharestalk.org/index.php/topic,10148.0.html

I'm not sure yet, but it also seems like STEEM may be using dilution to fund an interest rate bonus...

The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting.

Though unlikely, it's possibly similar to a concept I've been pushing to benefit BitUSD, https://bitsharestalk.org/index.php/topic,21597.0.html which BM hasn't ackowledged in the forum and only a few months ago believed wouldn't work.

That's $365 000 a year of dilution.  That could be  +5% on $7 500 000 worth of BitUSD.
Even with a lot of yield harvesting that would rapidly make BTS the undisputed Crypto USD market leader.
Providing yield on USD doesn't work because of yield harvesting, people would create USD and sit on it until the rate of return approached 0.

I don't know what the SBD liquidity subsidies are but they could also be the best combo from ideas formulated from the BitUSD liquidity thread, https://bitsharestalk.org/index.php/topic,21544.195.html

So SBD is potentially a competing BitUSD using concepts that could have helped bootstrap BitUSD or a USD on BTS.

So I don't think STEEM will necessarily be popular with BTS shareholders & given that they've intentionally violated a lot of the crypto communities cultural expectations they're unlikely to be popular with them either.

http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

Quote
Perhaps the Bitcoin Communities cultural regulations are a blessing in disguise. By intentionally violating every one of their expectations you can minimize your token’s value while still legally mining a token for minimal cost.

We have secured ~80% of the initial STEEM via mining.  Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.

We''ll have to wait to learn more but I think STEEM/SBD could be a BitUSD competitor and we should potentially be looking at options, forking/other to compete with it.

So your saying that Steem is a direct competitor with BTS?

This is very confusing... Is this CNX's new project/chain that we paid to prevent during the merger?  Little did we know that we were actually funding the competition of BTS.

Now do we dump BTS for Steem or does Steem work with BTS?  It doesn't sound like it will be sharedrop.

IMO, it seems SBD is a direct competitor with BitUSD and STEEM is a competitor with BTS in much the same way VOTE was. (In the case of VOTE there was an additional voting element provided by Adam/FMV in this case there's potentially an additional social media platform element provided by Ned.)

Edit: In terms of investing. You may be forced to hedge though my opinion is the way they've chosen to launch STEEM may severely limit its potential so we should definitely look at forking/incorporating the good elements into BTS as the market may attribute much more value to them on BTS.

Edit 2: Looks like this has been moved to random discussion...
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 05, 2016, 07:39:24 pm
In many ways BTS has already benefited from the work done on Steem.  I have been systematically taking Steem innovations behind the scene and attempting to bridge them into BitShares (with a lot of resistance from some Steem investors).

1. Free Transactions - invented for Steem but offered to BTS first
2. Liquidity Rewards - invented for Steem but suggested to BTS first
3. Vesting Rewards  - presented to BitShares first, but rejected

The implementation of Liquidity Rewards in Steem actually uses an algorithm and ideas not suggested in the corresponding thread on BTS.

Unfortunately, BTS stakeholder voting is unwilling to fund the work necessary to implement these hard forks, let alone an entirely new wallet interface required by Steem.

SBD is an entirely different beast than BitAssets.  There is no shorting, no margin calls, and users cannot create it.

3. Interest on SBD is paid by creating new SBD from thin air and might never result in creation of STEEM

There are other reasons why Steem could not be built on BitShares:

1. It would need to be a separate asset due to its inflation scheme
2. bitshares is unable or unwilling to fund the development of something so speculative
3. bitshares is better served being an exchange and integrating with STEEM via a side chain
4. The backing of SBD cannot be BTS due to inflation
5. BTS protocol has historically been shifting with frequent hardforks, Steem aims to be a stable protocol with perhaps a single upgrade to add blinded transfers in the distant future.
6. We wanted to make some fundamental improvements to the transaction types
7. It would cost much more to build Steem on BitShares than start from scratch
8. we would have had to publicly debate the entire platform undermining marketing objectives and increasing costs.

In effect, STEEM would have ended up a "blockchain within a blockchain", users would have been forced to hold BTS and STEEM so they could transact, and the only value STEEM would gain is being natively listed on the BTS exchange. 

Building Steem on BitShares makes as much sense as CounterParty building on Bitcoin.

A objective and rational investor choosing to fund the development of Steem would have a hard time justifying building it on BitShares.

This reality is true of every DAPP and applies to Ethereum as much as it applies to BitShares. 

The conclusion is that BitShares needs to be a DAPP that directly serves a particular market and focus on growing that market rather than attempting to merge everything. 

The other conclusion is that for BitShares to attract entrepreneurs to build DAPPS on BTS it will require much higher levels of dilution than BTS is authorized even with 100% dilution. So perhaps we should consider how to empower users of BitShares with the features it currently has.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: arhag on April 05, 2016, 07:56:50 pm
Interesting...

Some additional (long) thoughts on the project:

The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting...

Now the question is will bytemaster's strategy work, or will it cause the Bitcoin community to treat this DAC like a pariah and stubbornly refuse to use it while yelling out words like "instamine." I can't wait to find out.

Is this already mostly coded?

Everything I described in my post about STEEM was from my review of the existing code in GitHub. So, yes.

If so can it be forked onto BTS or a separate DAC with an allocation strategy that greatly favours BTS holders?

The BTS SuperDAC was created with the intention of forking competitors where possible/valuable and this seems like such a scenario given it's based on BTS compatible code?

I was going to say yes, but apparently as bytemaster mentioned previously in the thread, STEEM is released under a non-free license. Regardless of licensing issues, let me procede with why it may not make sense to bring SBD with interest into BitShares, which I believe is what you are mostly concerned about.

The problem with the SBD asset is that it forces all STEEM holders to back it, which means a risk of significant STEEM inflation to cover the price stability of SBD. We would not want to force all BTS holders to back an SBD equivalent on BitShares. Furthermore, users cannot create as much SBD as they wish on STEEM (which I think is good because that limits the liability of STEEM holders). That works fine for its intended purpose as rewards for content creator and curators, but I would say for something like BitUSD, our existing mechanism of borrowing with collateral makes more sense.

Regarding interest on market-pegged assets generally, let me just add a few comments on my personal/philosophical views about it. If I remember correctly I believe you are a proponent of paying yield on BitUSD. I don't agree with that unless it was done in a very different way than what was done previously due to yield harvesting. First, I disagree with the idea of BTS workers paying for the yield. This means I also disagree with the SBD interest mechanism being used in BitShares since ultimately it means the core asset holders (STEEM in the case of the Steem DAC, BTS in the case of BitShares) are paying for it through dilution. I think any smartcoin yield we may choose to have should come from the smartcoin borrowers. Second, due to yield harvesting, it only makes sense to pay yield to smartcoin holders if the instantaneous dynamic interest rate is always less than the current smallest interest rate paid by smartcoin borrowers. The way yield payouts would need to be calculated would also need to be more sophisticated than what was done previously with BitAsset yields. I could go into more depth on the technical details of how such a smartcoin yield system could work, but I think I won't bother doing that here and now. The short version of it is that the smartcoin manager would provide a dynamic feed of smartcoin holder interest rate, smartcoin borrower interest rate, and a smartcoin borrower max interest rate; and borrowers would have to pay a dynamic interest rate (with a ceiling set to the maximum interest rate from the feed at the time of borrowing which they implicitly agreed to by going through with the borrowing) and smartcoin holders would get paid a dynamic interest rate set to the smaller of the feed's smartcoin holder interest rate and the lowest interest rate paid by the smartcoin borrowers at the time.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: lil_jay890 on April 05, 2016, 08:03:37 pm
Who are these investors let in on the ground floor?  Were they Brownie holders?  I'm a brownie holder and didn't here anything about this opportunity.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 05, 2016, 08:08:28 pm
Who are these investors let in on the ground floor?  Were they Brownie holders?  I'm a brownie holder and didn't here anything about this opportunity.

Companies in the US are not allowed publicly solicity investments. Startups are forced to raise capital from private sources.

I haven't forgotten about Brownie Holders.   
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Empirical1.2 on April 05, 2016, 08:13:43 pm

SBD is an entirely different beast than BitAssets.  There is no shorting, no margin calls, and users cannot create it.

3. Interest on SBD is paid by creating new SBD from thin air and might never result in creation of STEEM

There are other reasons why Steem could not be built on BitShares:

1. It would need to be a separate asset due to its inflation scheme
2. bitshares is unable or unwilling to fund the development of something so speculative
3. bitshares is better served being an exchange and integrating with STEEM via a side chain

....

Thanks, I know you mentioned it wasn't really possible on BTS previously and I appreciate the detailed explanation.

While SBD is vastly different, it is still potentially a BitUSD competitor. There are no/low TX fees on BTS so I think we would derive little benefit from being a sidechain but the USD that bootstraps first or becomes really popular will make the backing asset very valuable.


Interesting...

Some additional (long) thoughts on the project:

The SBD (which seems to be a USD pegged asset with a possible interest rate bonus on top) is interesting...

Now the question is will bytemaster's strategy work, or will it cause the Bitcoin community to treat this DAC like a pariah and stubbornly refuse to use it while yelling out words like "instamine." I can't wait to find out.

Is this already mostly coded?

Everything I described in my post about STEEM was from my review of the existing code in GitHub. So, yes.

If so can it be forked onto BTS or a separate DAC with an allocation strategy that greatly favours BTS holders?

The BTS SuperDAC was created with the intention of forking competitors where possible/valuable and this seems like such a scenario given it's based on BTS compatible code?

I was going to say yes, but apparently as bytemaster mentioned previously in the thread, STEEM is released under a non-free license. Regardless of licensing issues, let me procede with why it may not make sense to bring SBD with interest into BitShares, which I believe is what you are mostly concerned about.

The problem with the SBD asset is that it forces all STEEM holders to back it, which means a risk of significant STEEM inflation to cover the price stability of SBD. We would not want to force all BTS holders to back an SBD equivalent on BitShares. Furthermore, users cannot create as much SBD as they wish on STEEM (which I think is good because that limits the liability of STEEM holders). That works fine for its intended purpose as rewards for content creator and curators, but I would say for something like BitUSD, our existing mechanism of borrowing with collateral makes more sense.

Thanks for the reply.

Ignoring the licensing issue for the time being. Could we potentially create something resembling a STEEM2 asset on BTS that is sharedropped 80% onto BTS shareholders (&/or pay royalties to BTS) with a corresponding SBD? It would have all the properties of STEEM & would be backing SBD2 on BTS but it would have been mostly sharedropped onto BTS shareholders.

My only thinking is shareholders will be unhappy about a competing USD created by CNX even though BM has justified his position and I also think STEEM's launch and initial distribution will be unpopular so combined with BTS's size, network effect, community & existing infrastructure  we may be able to outcompete it & existing BTS sharheholders will gain that value.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 05, 2016, 08:14:57 pm
Who are these investors let in on the ground floor?  Were they Brownie holders?  I'm a brownie holder and didn't here anything about this opportunity.

 +5% +5% +5%

YES what about brownies holders? I thought it is a BM asset... When bm wins brownies should rise! not?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 05, 2016, 09:19:47 pm
Who are these investors let in on the ground floor?  Were they Brownie holders?  I'm a brownie holder and didn't here anything about this opportunity.

 +5% +5% +5%

YES what about brownies holders? I thought it is a BM asset... When bm wins brownies should rise! not?

Perhaps I haven't won yet.  I intend to buy back brownies with some of my STEEM once all the infrastructure is in place to do it.  I need to know how much STEEM I personally end up with.   
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: hrossik on April 06, 2016, 07:38:25 am
Do you guys convert all steem to vested? The conversion starts to be quite ineffective :(
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 06, 2016, 07:10:42 pm
Do you guys convert all steem to vested? The conversion starts to be quite ineffective :(

More effective than not converting. You may be getting less VESTS but that is just another way of saying that the mining reward as a percent of total STEEM is rapidly falling.  This is no different than any other crypto coin while the supply rapidly grows in percentage terms.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 06, 2016, 07:37:27 pm
Do you guys convert all steem to vested? The conversion starts to be quite ineffective :(

More effective than not converting. You may be getting less VESTS but that is just another way of saying that the mining reward as a percent of total STEEM is rapidly falling.  This is no different than any other crypto coin while the supply rapidly grows in percentage terms.

Except we speculate that STEEM will be pumped very high the first days on the exchanges (after about 3 weeks?) due to minimal supply of STEEMS. Only if you don't intend to keep them but only to dump them with a nice profit ...?
Dilution will be minimal compared to the huge demand....No?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 06, 2016, 07:46:08 pm
Perhaps I haven't won yet.  I intend to buy back brownies with some of my STEEM once all the infrastructure is in place to do it.  I need to know how much STEEM I personally end up with.

(https://s14-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Ffarm3.static.flickr.com%2F2726%2F4434840017_2ccb3aff4a.jpg&sp=873c5cf8b8632cd250c2e9051d329297)

That means you have/will not vest all of your STEEMS to "sharedrop" on your brownies holders? !!!!  (selling "pumped" STEEMS to buy-back brownies)
That would definitely refresh a big part of our community !
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on April 07, 2016, 12:16:11 pm
to "sharedrop" on your brownies holders? !!!

If anyone plans on sharedropping to any token in the future, I sure hope they give at least a week's notice so people can pull their tokens off the bot wallet.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on April 07, 2016, 01:11:14 pm
Only 0.47% of STEEM is liquid in individual accounts, this is going to make the pump on CMC legend... wait-for-it... dary!
I'd like to buy STEEM .. Anyone willing to sell some OTC?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JA on April 07, 2016, 01:28:45 pm
Only 0.47% of STEEM is liquid in individual accounts, this is going to make the pump on CMC legend... wait-for-it... dary!
I'd like to buy STEEM .. Anyone willing to sell some OTC?
you can run a 12 core jiffybox for 24 hours for 3,60 € and u maybe get like ~40 steem
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: iHashFury on April 07, 2016, 03:29:30 pm
Only 0.47% of STEEM is liquid in individual accounts, this is going to make the pump on CMC legend... wait-for-it... dary!


I hope the price feeds to CMC will be running and STEEM will be exclusive to BitShares DEX  ;)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Empirical1.2 on April 07, 2016, 06:11:27 pm
Only 0.47% of STEEM is liquid in individual accounts, this is going to make the pump on CMC legend... wait-for-it... dary!


I hope the price feeds to CMC will be running and STEEM will be exclusive to BitShares DEX  ;)

That's an impressively small amount, possibly too small. CMC has been pretty lenient with vesting balances in the past, (XRP founder shares & BTS merger shares for example) but with such a high amount vesting, it's quite possible CMC/others will only count the liquid, currently tradeable 0.47% towards the valuation.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 07, 2016, 10:24:27 pm
Who are these investors let in on the ground floor?  Were they Brownie holders?  I'm a brownie holder and didn't here anything about this opportunity.

 +5% +5% +5%

YES what about brownies holders? I thought it is a BM asset... When bm wins brownies should rise! not?

Perhaps I haven't won yet.  I intend to buy back brownies with some of my STEEM once all the infrastructure is in place to do it.  I need to know how much STEEM I personally end up with.
Here is (a part of) a VESTS rich list copied from bitcointalk thread, which was posted on April 06, 2016, 01:45:14 AM UTC:

Code: [Select]
steemit : 261585.400566
ned : 9364.0
dan : 9364.0
ben : 8171.0
jamesc : 7173.0
blocktrades : 6841.099536
val-a : 6243.0
berniesanders : 5876.768662
smooth : 4956.846869
mottler : 4605.501952
dantheman : 3742.0
rainman : 3170.302826
val-b : 3121.0
michael-b : 3072.0
michael-a : 3072.0
summon : 2780.467408
itsascam : 2623.051432
cloop1 : 1904.383539
blackjack : 1721.211823
batel : 1310.388186
firstclass : 1155.471735
skywalker : 1118.83303
analisa : 1106.505828
bob : 1077.459334
arsahk : 1067.670552
steemed : 1041.954174
tombstone : 959.141634
alice : 954.075546
freedom : 948.796326
proskynneo : 948.26239
fuzzyvest : 910.26367
azeroth : 883.0
anastacia : 793.505828
bitcoin2016 : 778.552746
paladin : 749.149637
abdul : 698.373399
alvaro : 695.512572
excalibur : 654.294663
alphabet : 652.318228
graavor : 622.09823
fminerten : 503.0
simpson : 466.471751
steempty : 466.047677
lafona-miner : 447.139496
enki : 446.688415
elixir : 434.270579
steemroller : 419.403873
chana : 408.560867
adrian : 396.127526
diaphanous : 391.117511
aftergut : 367.435566
jamgotin : 363.400224
faddy : 358.0
kidrock : 353.800013
fantasy : 333.905997
tyler : 333.264283
bmw : 326.421391
pharesim : 324.197104
apple : 315.586908
hiva : 309.0
books : 307.743146
augusta : 306.544419
gifthana : 304.858649
ashleigh : 295.950726
danea : 295.38049
disney : 293.310637
galaxy : 292.813839
klm : 281.040479
testdrive : 280.50625
node1 : 278.318186
bavak : 274.763339
commedy : 272.430601
hr1 : 268.768011
coldstorage1 : 260.926937
butterfly : 260.720127
figaro : 259.935943
darah : 258.582928
moment : 255.724504
anonymous : 248.435187
bavihm : 235.17638
bitcointalker : 234.0
hanyuu : 232.0
kevphanis : 223.448486
wackou : 212.708986
natsu : 210.0
puppies : 203.352469
node2 : 202.241146
cornucopia : 199.003496
hermes-miner : 195.353161
aguilar : 195.246539
biggest : 189.0
eclipse : 184.318875
mr11acdee : 177.226401
hermes : 166.032698
badassmother : 153.901097
neogen1 : 153.70952
star : 152.806119
mn12defgj1 : 146.118607
justin : 144.489556
solaris : 144.222729
silver : 141.623898
barrie : 140.948265
erath : 140.94224
kushed : 132.242369
starky : 131.952975
luigi : 129.0
node3 : 128.996708
eternity : 126.839845
panadacoin : 126.78644
google : 126.0
microsoft : 120.972476
arroyo : 117.530627
bunkermining : 111.723802
thorium1 : 111.613341
newyo : 107.10308
steemthebest : 106.986113
enable : 105.0
expir : 104.636484
alpha : 100.97656
thorium2 : 100.728167
It seems CNX/blocktrades guys will be very rich if STEEM has some value.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Bubba-Gump on April 07, 2016, 10:50:22 pm
I'm here from bitcointalk. This thread seems to be a little meatier than the bitcointalk thread. I like the technical info although I have no idea what a brownie is.

About my involvement in STEEM: I've mined this coin since before it launched  :P

I'd like to run a delegate/witness node, so here is more:

I have been following crypto for about 2.5 years now and it was only a few short months after my first purchase of BTC before I started getting involved on the development side. Lately, I have been working with the Eclipse dev team as a programmer. To clarify things, we have several devs. I am the lead (overly-outspoken) programmer. We also have an administrative dev and a cryptography expert. We are all "equals", leading different parts of the project.

I have expertise in enough programming languages not to bother mentioning them all. One language I will mention is C++ because much of crypto is written in it. I've studied cryptocurrency code so much that I can read through it like a newspaper and can spot logic bugs without even running the code. I have written a lot of cryptocurrency code for many projects.

I have many years of experience in system administration, setting up long running networks both as a consultant and salaried professional.

If I run a witness, I will do so using a top-tier cloud platform like google, amazon, or azure.

I prefer my witness account to be "steemed" if I am selected. I also have steemroller and steemer, and many, many others.

I have been putting everything into vests, even at the low rates we have been getting now. I was probably one of the first people with vests after relaunch.

I'm excited to see where this project will go. I have been recruiting new participants behind the scenes, and even helped a few people at BCT both on the board and privately.

Even if I didn't have a stake in this project, I'd be enthusiastic about its progress as the devs' goal is one of the well known killer dapps that will serve a useful purpose to society.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 07, 2016, 11:59:40 pm
I'm here from bitcointalk. This thread seems to be a little meatier than the bitcointalk thread. I like the technical info although I have no idea what a brownie is.

About my involvement in STEEM: I've mined this coin since before it launched  :P

I'd like to run a delegate/witness node, so here is more:

I have been following crypto for about 2.5 years now and it was only a few short months after my first purchase of BTC before I started getting involved on the development side. Lately, I have been working with the Eclipse dev team as a programmer. To clarify things, we have several devs. I am the lead (overly-outspoken) programmer. We also have an administrative dev and a cryptography expert. We are all "equals", leading different parts of the project.

I have expertise in enough programming languages not to bother mentioning them all. One language I will mention is C++ because much of crypto is written in it. I've studied cryptocurrency code so much that I can read through it like a newspaper and can spot logic bugs without even running the code. I have written a lot of cryptocurrency code for many projects.

I have many years of experience in system administration, setting up long running networks both as a consultant and salaried professional.

If I run a witness, I will do so using a top-tier cloud platform like google, amazon, or azure.

I prefer my witness account to be "steemed" if I am selected. I also have steemroller and steemer, and many, many others.

I have been putting everything into vests, even at the low rates we have been getting now. I was probably one of the first people with vests after relaunch.

I'm excited to see where this project will go. I have been recruiting new participants behind the scenes, and even helped a few people at BCT both on the board and privately.

Even if I didn't have a stake in this project, I'd be enthusiastic about its progress as the devs' goal is one of the well known killer dapps that will serve a useful purpose to society.

 +5% +5% +5%

welcome on board!
We are happy to have you here.

brownies.pts is a personal UIA (User Issued Asset) created from Daniel Larimer aka Bytemaster and he use it to reward who ever help him... it reflects his "value"...  8)

https://bitsharestalk.org/index.php/topic,17354.0.html
https://bitshares.openledger.info/#/market/BROWNIE.PTS_BTS


Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 08, 2016, 08:12:34 am
FYI the rich list link is here: http://steem.synergycoin.com/richlist.html
Thanks to whoever made it.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: luckybit on April 08, 2016, 03:20:37 pm
Only 0.47% of STEEM is liquid in individual accounts, this is going to make the pump on CMC legend... wait-for-it... dary!
I'd like to buy STEEM .. Anyone willing to sell some OTC?
you can run a 12 core jiffybox for 24 hours for 3,60 € and u maybe get like ~40 steem

How much? 360 or 3.60? And what is that in USD?

So far has anyone decided if it's worth it?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on April 08, 2016, 03:54:09 pm
So far has anyone decided if it's worth it?
Steem doesn't have a price .. so it's a bet ..
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 08, 2016, 04:24:21 pm
So far has anyone decided if it's worth it?
Steem doesn't have a price .. so it's a bet ..
How about run with a MacBook Pro for 24 hours then get ~40 STEEM?

By the way, we're happy commenting on the chain, [member=120]xeroc[/member] join us? ;)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on April 08, 2016, 05:54:42 pm
By the way, we're happy commenting on the chain, [member=120]xeroc[/member] join us? ;)
I started playing around with it today .. feels nice, but the cli_wallet needs some more calls to make browsing posts easer
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 08, 2016, 06:55:53 pm
By the way, we're happy commenting on the chain, [member=120]xeroc[/member] join us? ;)
I started playing around with it today .. feels nice, but the cli_wallet needs some more calls to make browsing posts easer
Try wscat :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JoeyD on April 09, 2016, 08:42:29 pm
So far has anyone decided if it's worth it?
Steem doesn't have a price .. so it's a bet ..
How about run with a MacBook Pro for 24 hours then get ~40 STEEM?

By the way, we're happy commenting on the chain, [member=120]xeroc[/member] join us? ;)

I've been in need of an excuse to compare my diy NAS against a vps. So I used this as  a one month competition for laughs.
AMD FX 8320 vs 6 core XEON
FIGHT
From what I've seen you should get more than 40 STEEM in 24 hours with a 12 core machine, although not in the thousands. I am a little shocked to see how bad a modern XEON VPS seems to perform in comparison to my lowly AMD FX machine. The latter seems to be more than capable to keep up while using only 6 cores out of 8 and while doing quite a few other intensive tasks like running 2 taxing vms on the side.

So it seems that running on bare metal gets you quite a bit of an advantage, still not sure if the amount of STEEM you get is worth it though. Maybe after a couple of weeks you can afford the transaction fee of moving a little to VEST and even have a cool entire dozen of VEST. What are the transaction fees btw? I did a test transfer from STEEM -> VEST with some 70+ and ended up with 3 VESTs. I also seem to vaguely recall reading that registering a name costs 100 STEAM.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Frodo on April 09, 2016, 09:07:31 pm
Just to be sure: It is enough to know the private keys that were used for mining to later access the funds?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on April 09, 2016, 09:08:46 pm
Just to be sure: It is enough to know the private keys that were used for mining to later access the funds?
Yes
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 09, 2016, 09:42:40 pm
So far has anyone decided if it's worth it?
Steem doesn't have a price .. so it's a bet ..
How about run with a MacBook Pro for 24 hours then get ~40 STEEM?

By the way, we're happy commenting on the chain, [member=120]xeroc[/member] join us? ;)

I've been in need of an excuse to compare my diy NAS against a vps. So I used this as  a one month competition for laughs.
AMD FX 8320 vs 6 core XEON
FIGHT
From what I've seen you should get more than 40 STEEM in 24 hours with a 12 core machine, although not in the thousands. I am a little shocked to see how bad a modern XEON VPS seems to perform in comparison to my lowly AMD FX machine. The latter seems to be more than capable to keep up while using only 6 cores out of 8 and while doing quite a few other intensive tasks like running 2 taxing vms on the side.

So it seems that running on bare metal gets you quite a bit of an advantage, still not sure if the amount of STEEM you get is worth it though. Maybe after a couple of weeks you can afford the transaction fee of moving a little to VEST and even have a cool entire dozen of VEST. What are the transaction fees btw? I did a test transfer from STEEM -> VEST with some 70+ and ended up with 3 VESTs. I also seem to vaguely recall reading that registering a name costs 100 STEAM.
Rate limited free.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JoeyD on April 10, 2016, 01:56:42 am
Rate limited free.

My best guess, is that you mean transfers between accounts are free up till bandwidth limitations.
So instead of transaction fees, the network pays for itself by inflation of STEEM then?

I still don't understand how the conversion from STEEM to VEST works. After ctrl+f-ing through the bitcointalk forums, I finally found a little remark that paraphrasing states, that 1 STEEM is converted to VEST first time any miner turns witness. Looking at the bottom a website with the VEST-richlist, that seems to suggest that Conversion rates are little over 4% and dropping. So I guess the conversion rate is dropping, but I can't figure out what mechanism or rule is in effect.

EDIT
Corrected a mistake, it's 4% not 40%. Decimals be damned.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Bubba-Gump on April 10, 2016, 07:21:40 am
Rate limited free.

My best guess, is that you mean transfers between accounts are free up till bandwidth limitations.
So instead of transaction fees, the network pays for itself by inflation of STEEM then?

I still don't understand how the conversion from STEEM to VEST works. After ctrl+f-ing through the bitcointalk forums, I finally found a little remark that paraphrasing states, that 1 STEEM is converted to VEST first time any miner turns witness. Looking at the bottom a website with the VEST-richlist, that seems to suggest that Conversion rates are little over 4% and dropping. So I guess the conversion rate is dropping, but I can't figure out what mechanism or rule is in effect.

EDIT
Corrected a mistake, it's 4% not 40%. Decimals be damned.

Your question is answered here:
https://bitcointalk.org/index.php?topic=1410943.msg14454864#msg14454864
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JoeyD on April 10, 2016, 11:35:55 am
Your question is answered here:
https://bitcointalk.org/index.php?topic=1410943.msg14454864#msg14454864

Hmm, sorry to say, but that scheme sound a little iffy to me. If I understood it right, the founders not only gave themselves a bit of a mining advantage at the start, but also an almost factor 100 pump (in STEEM) right from the get go. Considering the critiques on ripple and nxt, that most likely will not make many friends in the crypto-scene. If a premine is a legal hazard, wouldn't this mechanic be a risky maneuver in that sense as well?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 10, 2016, 02:16:43 pm
Your question is answered here:
https://bitcointalk.org/index.php?topic=1410943.msg14454864#msg14454864

Hmm, sorry to say, but that scheme sound a little iffy to me. If I understood it right, the founders not only gave themselves a bit of a mining advantage at the start, but also an almost factor 100 pump (in STEEM) right from the get go. Considering the critiques on ripple and nxt, that most likely will not make many friends in the crypto-scene. If a premine is a legal hazard, wouldn't this mechanic be a risky maneuver in that sense as well?

I am not sure what you mean by 100 pump (in STEEM) ? 

With respect to fees.  To create a new account requires 100 STEEM to be converted to VESTS in the new account.  In effect, there is no "fee", just a requirement to fund the account with a minimum balance of VESTS.

You can think of holding VESTS as owning a percent of available bandwidth, no fees are necessary because you already own the bandwidth you are consuming.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JoeyD on April 10, 2016, 05:37:21 pm
I am not sure what you mean by 100 pump (in STEEM) ? 

With respect to fees.  To create a new account requires 100 STEEM to be converted to VESTS in the new account.  In effect, there is no "fee", just a requirement to fund the account with a minimum balance of VESTS.

You can think of holding VESTS as owning a percent of available bandwidth, no fees are necessary because you already own the bandwidth you are consuming.
Keep in mind that I'm only deducing based on the statements I've seen on the bitcointalk-thread. There it was stated that creating a new account for each witness/miner costs not 100 but 1 STEEM converted to VESTS. In the same thread a list is posted of current VESTS-accounts. Looking at the list starting from 1 VESTS downward you see a history of when all miners started producing that very first account. So based on that it seems that at the start it was 1 STEEM for each 1 VEST, but at the time I'm writing this it seems to be 1 STEEM for 0.036788 VESTS and dropping.

Based on the comments in the bitcointalk-thread, this kinda implies that the everyone who transferred at the 1:1 ratio at the start is going to receive 100 STEAM for every 1 of his VESTS. Provided of course that I understood the comments correctly. This deduction is not based on me understanding the code, so I might be missing a couple of important facts.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: clayop on April 10, 2016, 06:00:05 pm
Can I deposit OPEN.STEEM now? If yes, how?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 10, 2016, 07:28:25 pm
Can I deposit OPEN.STEEM now? If yes, how?
Not yet..

Try "get_account_history openledger -1 100" in STEEM and check https://cryptofresh.com/a/OPEN.STEEM_OPEN.BTC & https://cryptofresh.com/u/openledger-wallet, the numbers don't match.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Troglodactyl on April 10, 2016, 08:54:41 pm
Is the chain frozen or is it just me?  I'm seeing a head block 9 minutes old:

{
  "id": "2.0.0",
  "head_block_number": 487946,
  "head_block_id": "0007720a7459ca264f0d8d36bbeaf8d1d8053f48",
  "time": "2016-04-10T20:43:42",
  "current_witness": "hermes",
  "total_pow": 2287048,
  "num_pow_witnesses": 103,
  "virtual_supply": "12261564.000 STEEM",
  "current_supply": "12261564.000 STEEM",
  "confidential_supply": "0.000 STEEM",
  "current_sbd_supply": "0.000 SBD",
  "confidential_sbd_supply": "0.000 SBD",
  "total_vesting_fund_steem": "11197510.765 STEEM",
  "total_vesting_shares": "406164.162729 VESTS",
  "total_reward_fund_steem": "975892.000 STEEM",
  "total_reward_shares2": "60578182426832701",
  "sbd_interest_rate": 1000,
  "average_block_size": 118,
  "maximum_block_size": 131072,
  "current_aslot": 495274,
  "recent_slots_filled": "340282366920938463463374607431768211455",
  "last_irreversible_block_num": 487925,
  "max_virtual_bandwidth": "5208434761002210645",
  "current_reserve_ratio": 24398,
  "head_block_num": 487946,
  "head_block_age": "9 minutes old",
  "participation": "100.00000000000000000",
  "median_sbd_price": {
    "base": "0.000 STEEM",
    "quote": "0.000 STEEM"
  },
  "account_creation_fee": "100.000 STEEM"
}
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JoeyD on April 10, 2016, 09:01:00 pm
Is the chain frozen or is it just me?  I'm seeing a head block 9 minutes old:

The chain is frozen for me as well.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: BunkerChainLabs-DataSecurityNode on April 10, 2016, 09:01:55 pm
Yes.. network appears to be frozen due to a discovered bug.

I have attempted to reach out to BM and crew to notify them of the situation.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: dannotestein on April 10, 2016, 11:50:22 pm
If you're lost on a fork, you can add these checkpoints to your config.ini file in your witness_node_data directory and resync:

 checkpoint = [488069, "0007728505ded84f6eb06f67208ea5221b0a4a63"]
 checkpoint = [488100, "000772a47e6d7a87be5c344b8330fde1ce16015f"]
 checkpoint = [488150, "000772d6f636d3c3de23d8e86846d8177da24c73"]
 checkpoint = [488200, "000773081eba1db265f9b63c0c010a1ff937766d"]
 checkpoint = [488250, "0007733a2e40a3c566d8b24b2089cb9c3f9856a5"]
 checkpoint = [488300, "0007736c68331e05a67261eba31fc8f68edfbbc1"]
 checkpoint = [488350, "0007739e63f85deeade33229aa81bc5a3516a64c"]
 checkpoint = [488400, "000773d081a7f864babcdedfa1c6ff20e8535d19"]
 checkpoint = [488450, "00077402057707c637074b360c2a5d8944737bf1"]
 checkpoint = [488500, "00077434e851a8174beea1b8c867e5262f0fb5c5"]
 checkpoint = [488550, "000774661c96c75b1dc738fe998ba8d94d3bfca6"]
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 11, 2016, 03:54:24 am
checkpoint = [488583, "00077487d7b0d6a013f12de2ed471de9cc7e0078"]
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 11, 2016, 09:17:08 am
FYI http://steem.secretmoonbass.com/ is a STEEM block explorer made by [member=21903]roadscape[/member]

//Update: new domain name http://steemd.com/
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 13, 2016, 12:22:31 am
C'mon guys, let's get those VOTES in so we can trade STEEM on bittrex!!

Go to www.slack.bittrex.com to register.
Join the #voting channel
Scroll way up and click on the appropriate reaction associated to STEEM!


It takes just a minute of your time!  Less than 6 hours left in the voting.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 13, 2016, 12:31:33 am
C'mon guys, let's get those VOTES in so we can trade STEEM on bittrex!!

Go to www.slack.bittrex.com to register.
Join the #voting channel
Scroll way up and click on the appropriate reaction associated to STEEM!


It takes just a minute of your time!  Less than 6 hours left in the voting.

http://www.slack.bittrex.com/

server not found
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Xeldal on April 13, 2016, 12:35:56 am
C'mon guys, let's get those VOTES in so we can trade STEEM on bittrex!!

Go to www.slack.bittrex.com to register.
Join the #voting channel
Scroll way up and click on the appropriate reaction associated to STEEM!


It takes just a minute of your time!  Less than 6 hours left in the voting.

http://www.slack.bittrex.com/

server not found

http://slack.bittrex.com/

After you're registered here's a direct link to the poll post
https://bittrex.slack.com/archives/voting/p1460493047000057

voting ends at 1900PST
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: thereverseflash on April 13, 2016, 08:03:28 pm
Anyone looking to have our vote for witness will need to provide a public IP:PORT for a seed node and join #witnesses in steem.slack.com

Once you are in the channel introduce yourself and let us know your Steem account
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: CLains on April 13, 2016, 08:38:09 pm
WTB steem pm me offers  :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: wackou on April 14, 2016, 10:38:50 am
Anyone looking to have our vote for witness will need to provide a public IP:PORT for a seed node and join #witnesses in steem.slack.com

sorry if I'm late to the party, but how do I get an invite to the slack channel?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: iHashFury on April 14, 2016, 11:18:55 am
Anyone looking to have our vote for witness will need to provide a public IP:PORT for a seed node and join #witnesses in steem.slack.com

sorry if I'm late to the party, but how do I get an invite to the slack channel?

Try https://steem.herokuapp.com/
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: testz on April 14, 2016, 11:21:15 am
Anyone looking to have our vote for witness will need to provide a public IP:PORT for a seed node and join #witnesses in steem.slack.com

sorry if I'm late to the party, but how do I get an invite to the slack channel?

Auto invites here: https://steem.herokuapp.com
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: wackou on April 14, 2016, 12:10:52 pm
thanks guys!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 14, 2016, 10:38:35 pm
Has steem similarities with http://www.project-decorum.com/    ?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: steem on April 14, 2016, 11:14:12 pm
Hi @all – the Steem Whitepaper is now pinned in the Steem Slack (https://steem.herokuapp.com).  Come join us and check it out ☺
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 15, 2016, 01:04:04 am
Hi @all – the Steem Whitepaper is now pinned in the Steem Slack (https://steem.herokuapp.com).  Come join us and check it out ☺

Within Steem, individuals earn real rewards online that are
directly correlated to their contributions. Their rewards will have dollar value due to the
market price discovery and liquidity of Steem, and the people who hold Steem will have
more exclusive earning powers than those who do not.


I would prefer the rewards are not restricted to dollar value!
There should be more options... To choose for example rewards in GOLD value or BTC or whatever ... Whatever the customer wants!

"The customer is always right"

...and they are not only typical Americans! We want to sell our product worldwide (?)...Are we?


PS what happens with Steem if in 5 years the dollar fails? Why should a great project/experiment depends on dollar future/success ?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: steem on April 15, 2016, 01:07:57 am
Hi @all – the Steem Whitepaper is now pinned in the Steem Slack (https://steem.herokuapp.com).  Come join us and check it out ☺

Within Steem, individuals earn real rewards online that are
directly correlated to their contributions. Their rewards will have dollar value due to the
market price discovery and liquidity of Steem, and the people who hold Steem will have
more exclusive earning powers than those who do not.


I would prefer the rewards are not restricted to dollar value!
There should be more options... To choose for example rewards in GOLD value or BTC or whatever ... Whatever the customer wants!

"The customer is always right"

...and they are not only typical Americans! We want to sell our product worldwide (?)...Are we?

"dollar value" meaning rewards have a value that can be easily denominated in dollars (but that can also be denominated in any currency or commodity).  :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 15, 2016, 01:11:34 am
"dollar value" meaning rewards have a value that can be easily denominated in dollars (but that can also be denominated in any currency or commodity).  :)

That should be mentioned on the white-paper conclusion also !
(the "average Joe" will be glad)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: tonyk on April 16, 2016, 06:45:30 am
Stupid question thread is well overdue for Steem....

But a friend of mine asked me to explain Steem to him....

So I go....
"If you post something good (0.01% chance) or vote for something good  (0.001% chance) or steemed it  (0.0001% chance) makes you are witness... you will be paid some steem.
For every 1 steem you get, steemit will get 0.75*9 steems (vested).

????
They will get 6.75 Steem for any and every steem ever created...for being fast (7 days) enough mining and having sweat equity coding this...sorry sweet equity?"

?
I am stupid enough, so I do not know...is it so fast/sweet?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: thereverseflash on April 17, 2016, 03:26:04 pm
Steem is now trading here:

https://bittrex.com/Market/Index?MarketName=BTC-STEEM

Current price 0.0070015 BTC / STEEM
Current supply: 19,865,904.000

Market Cap: $3.2M est.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: steem on April 17, 2016, 03:32:01 pm
Hi all :) testers needed for Steemit's Alpha.  Link to steemit.com ALPHA testing session posted in http://steem.slack.com .. auto-inviter at http://steem.herokuapp.com
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: BTSdac on April 18, 2016, 01:47:34 am
I highly recommend everyone look into Steem.  It has a lot of promise and is worth your time.
do you know  ,how is  thereverseflash?
it is a newbee
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 18, 2016, 06:12:22 am
I highly recommend everyone look into Steem.  It has a lot of promise and is worth your time.
do you know  ,how is  thereverseflash?
it is a newbee
I guess thereverseflash == bm.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: svk on April 18, 2016, 06:22:20 am
Judging from the posts where he apparently forgot to change accounts I would say so too ;)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on April 18, 2016, 09:39:12 am
Current price 0.0070015 BTC / STEEM

For about 10 minutes? ;)

.0015 now.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: iHashFury on April 18, 2016, 10:02:42 am
Current price 0.0070015 BTC / STEEM

For about 10 minutes? ;)

.0015 now.

 0.00200000 now  8)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Ben Mason on April 18, 2016, 10:19:14 am
If one were to buy steem.....is it currently possible to vest the steem if you are NOT technically proficient?  Is there a windows wallet yet?

If you cannot vest, then is it true that you would be at a significant disadvantage so there would be very little point in holding for the long term?
 
Cheers!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: svk on April 18, 2016, 10:27:13 am
If one were to buy steem.....is it currently possible to vest the steem if you are NOT technically proficient?  Is there a windows wallet yet?

If you cannot vest, then is it true that you would be at a significant disadvantage so there would be very little point in holding for the long term?
 
Cheers!

Yea there's no windows wallet yet so you'd be unable to vest your Steem. That leaves you vulnerable to inflation in the long term so just holding is probably not a great idea.

I believe there's a docker image you could use though to setup a personal node, shouldn't be too hard.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Ben Mason on April 18, 2016, 10:39:45 am
If one were to buy steem.....is it currently possible to vest the steem if you are NOT technically proficient?  Is there a windows wallet yet?

If you cannot vest, then is it true that you would be at a significant disadvantage so there would be very little point in holding for the long term?
 
Cheers!

Yea there's no windows wallet yet so you'd be unable to vest your Steem. That leaves you vulnerable to inflation in the long term so just holding is probably not a great idea.

I believe there's a docker image you could use though to setup a personal node, shouldn't be too hard.

Thank you SVK.  I googled 'docker image' and i'm ashamed to say i suspect setting up a personal node would indeed be too hard. 

It's a shame because I'm very keen on MAS.  I thought BitShares was going to adapt to make it easier for communities to utilise BitShares.....but it now seems, as i feared, that the community that forms the basis of the network is fragmenting and those who are either technically insecure or have run out of capital are in danger of being left behind.  The only means of preventing that are sharedrops, but I accept that capital is scarce and awarding people appropriately is a challenge.

I hope Stan finds his whale and we can all just get on with the business of making BitShares what it could be......either that or more blood, sweat & tears  ;D

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: puppies on April 18, 2016, 10:09:38 pm
If one were to buy steem.....is it currently possible to vest the steem if you are NOT technically proficient?  Is there a windows wallet yet?

If you cannot vest, then is it true that you would be at a significant disadvantage so there would be very little point in holding for the long term?
 
Cheers!

Yea there's no windows wallet yet so you'd be unable to vest your Steem. That leaves you vulnerable to inflation in the long term so just holding is probably not a great idea.

I believe there's a docker image you could use though to setup a personal node, shouldn't be too hard.

Thank you SVK.  I googled 'docker image' and i'm ashamed to say i suspect setting up a personal node would indeed be too hard. 

It's a shame because I'm very keen on MAS.  I thought BitShares was going to adapt to make it easier for communities to utilise BitShares.....but it now seems, as i feared, that the community that forms the basis of the network is fragmenting and those who are either technically insecure or have run out of capital are in danger of being left behind.  The only means of preventing that are sharedrops, but I accept that capital is scarce and awarding people appropriately is a challenge.

I hope Stan finds his whale and we can all just get on with the business of making BitShares what it could be......either that or more blood, sweat & tears  ;D

Do you have access to a linux or osx machine?  If you can generate a public private key pair, and give me the public key I can get an account registered for you.


edit.  Even without access to a linux or osx machine its possible.  would just have to reuse a bts private key
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Ben Mason on April 18, 2016, 11:33:40 pm
Hiya puppies, that's incredibly kind of you.  I'm afraid I only have a Windows laptop.  I've bought a small amount of Steem and I'm happy with that for now. Thank you so much for your offer to help!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: puppies on April 19, 2016, 05:21:40 am
Hiya puppies, that's incredibly kind of you.  I'm afraid I only have a Windows laptop.  I've bought a small amount of Steem and I'm happy with that for now. Thank you so much for your offer to help!

If you change your mind it should be pretty easy to get you up and running in a secure way.  If you pick an existing bts public key from your bts wallet, all you need to do is to give that public key to someone running the steem cli that can register that account for you.  I think it requires 100 steem to be vested in the account, and they should be able to register the account by replacing the BTS at the beginning with STM.

From there you can export the private key from the bts gui and import it into the steem webwallet.  You will be able to transfer, transfer to vesting, and withdraw from vesting all from the steem webwallet.  If your goal is to purchase steem, transfer to your wallet and vest, then that should be well served by this method. 
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: BTSdac on April 19, 2016, 05:36:41 am
I highly recommend everyone look into Steem.  It has a lot of promise and is worth your time.
do you know  ,how is  thereverseflash?
it is a newbee
I guess thereverseflash == bm.
after view the  comments of steem code, I basically make sure it is BM ,  code cannot cheat us,
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: dritz3r on April 19, 2016, 07:45:48 am
Steem is now trading here:

https://bittrex.com/Market/Index?MarketName=BTC-STEEM

Current price 0.0070015 BTC / STEEM
Current supply: 19,865,904.000

Market Cap: $3.2M est.

Current supply: 21,743,214

Mil. per day!!! How many STEEM will be out there, these price is way to high with that inflation.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: puppies on April 19, 2016, 08:15:39 am
bot syntax has been changed.

To make it easier for non cli users to register accounts on the steem network I set up a bot that will register accounts for you.  If you send at least 100STEEM to the steem account register with the memo "STEEMPUBLICKEY;requestedaccountname" it will attempt to register requestedaccountname with a public key of STEEMPUBLICKEY.  If you do not have a steem public key you can reuse a bts public private key pair by replacing the BTS at the beginning with STM.  Just make sure you have the private key. 

It is a really simple bot that I whipped up really quick, and it may run into issues.  I would suggest looking at steemit.com/@register look at the transactions and see if the bot looks like its up.  The memo will need to be a working steem public key followed by a : and then a viable steem name.  All lowercase starts with a letter not a number etc.

Sadly this bot is almost entirely worthless due to the only exchange that currently lists steem having way too short of a memo field.  its not even long enough for a public key let alone a public key and an account name.  I don't know if you will be able to use memos from openledger when the gui is updated.   
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: dritz3r on April 19, 2016, 10:49:30 am
Where can I find best instructions for building CLI wallet for Linux.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Ben Mason on April 19, 2016, 10:53:10 am
Hiya puppies, that's incredibly kind of you.  I'm afraid I only have a Windows laptop.  I've bought a small amount of Steem and I'm happy with that for now. Thank you so much for your offer to help!

If you change your mind it should be pretty easy to get you up and running in a secure way.  If you pick an existing bts public key from your bts wallet, all you need to do is to give that public key to someone running the steem cli that can register that account for you.  I think it requires 100 steem to be vested in the account, and they should be able to register the account by replacing the BTS at the beginning with STM.

From there you can export the private key from the bts gui and import it into the steem webwallet.  You will be able to transfer, transfer to vesting, and withdraw from vesting all from the steem webwallet.  If your goal is to purchase steem, transfer to your wallet and vest, then that should be well served by this method.

Ok puppies, you've convinced me to try :)  I have some Steem (in bittrex)  i'd like to vest.  So I need a BitShares 2.0 public key (for which I know the private key.)  Sounds silly but from where in wallet do i get the public key?  I'd like to give you the public key, if you are willing to hand hold me through this?  Also, is your bts account 'puppies' ?  I'll send over some bts to say thank you.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JA on April 19, 2016, 11:03:18 am
Where can I find best instructions for building CLI wallet for Linux.
I use this on ubuntu 14.04 and 15.04
https://bitcointalk.org/index.php?topic=1410943.msg14307504#msg14307504
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: betax on April 19, 2016, 11:25:41 am
Wow I always miss all parties :). This is PTS again... I hope Brownies are good.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: betax on April 19, 2016, 02:33:30 pm
I have to say I am really impressed of what I have seen already :).. great work !!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: merockstar on April 19, 2016, 02:46:07 pm
Is this supposed to be a social media platform, or are these guys (https://bitcointalk.org/index.php?topic=1441964.0;all) talking about something completely unrelated?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JA on April 19, 2016, 02:47:10 pm
Is this supposed to be a social media platform, or are these guys (https://bitcointalk.org/index.php?topic=1441964.0;all) talking about something completely unrelated?
yea kinda like reddit
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: merockstar on April 19, 2016, 02:48:21 pm
Is this supposed to be a social media platform, or are these guys (https://bitcointalk.org/index.php?topic=1441964.0;all) talking about something completely unrelated?
yea kinda like reddit

was this supposed to be top secret information or something?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: JA on April 19, 2016, 02:50:48 pm
Is this supposed to be a social media platform, or are these guys (https://bitcointalk.org/index.php?topic=1441964.0;all) talking about something completely unrelated?
yea kinda like reddit

was this supposed to be top secret information or something?

what why?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: iHashFury on April 19, 2016, 05:00:21 pm
My STEEM witness information is on the blockchain  :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: abit on April 19, 2016, 05:52:37 pm
Is this supposed to be a social media platform, or are these guys (https://bitcointalk.org/index.php?topic=1441964.0;all) talking about something completely unrelated?
yea kinda like reddit

was this supposed to be top secret information or something?
Join steem slack channel, you'll know. http://steem.herokuapp.com/
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: nextgencrypto on April 20, 2016, 05:52:25 pm
Hi all-

I have set up a witness node located in Los Angeles, California that includes DDOS protection, automatic backups, and can easily be scaled up to meet the needs of the network.
Being one of the top public VEST holders, I am committed to providing long-term support to the STEEM network and am fortunate enough to have plenty of time to react to updates and other situations as needed. Additional plans to support STEEM will be announced shortly.

Account: nextgencrypto
Seed URL: http://steemwitness.com:2001

To vote in support of my witness, please use the following command: vote_for_witness youraccount nextgencrypto true true

Thank you in advance for your support!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Rossco99 on April 23, 2016, 08:14:48 am
(http://i.imgur.com/uqmozlR.jpg)

Good-Day steemit Community

I believe in the steemit vision founded on the social esteem ideal and what better way to pledge support than to host a witness node.

An apt witness name wouldn't you say 'boatymcboatface', a failed democratic / public consensus naming contest given new life on the block chain which aims to correct this very failure.


Freedom, Life, Liberty and Property for All

Node Location: AWS Sydney Australia

Witness Name: boatymcboatface

seed-node = 52.63.172.229:2001

Code: [Select]
vote_for_witness "YOURACCOUNTNAME" "boatymcboatface" true true
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bytemaster on April 23, 2016, 08:50:15 am
Bug Fix Hardfork - Update Required to latest master within 21 hours.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: puppies on April 23, 2016, 09:16:12 am
My witness node is updated and ready to go.  I will have my seed node updated as well before the fork. 
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: pc on April 23, 2016, 11:05:15 am
Updated both witness and seed.

Please vote for cyrano.witness when you find the time!
https://steemit.com/witness-category/@cyrano.witness/cyrano-witness-post
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Bhuz on April 23, 2016, 11:12:05 am
Witness Bhuz updated to latest master.

Please, consider voting for my witness too :D
https://steemit.com/witness-category/@bhuz/bhuz-witness-thread
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: cube on April 23, 2016, 03:17:30 pm
Witness bitcube and seed nodes are updated to the latest STEEM release.

Please vote for witness bitcube.  I appreciate your kind support!

https://steemit.com/witness-category/@bitcube/bitcube-witness-post

Seed node: steemseed.cubeconnex.com:2001

Edit: Updated again to latest

Code: [Select]
{
  "client_version": "unknown",
  "steem_revision": "3bb37ad275d35f1cb9181beb0d8773fb137e023a",
  "steem_revision_age": "3 hours ago",
  "fc_revision": "b34e8584ae8f2667dcdfa5b53b1a372fe2c41a89",
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Xeldal on April 23, 2016, 05:05:46 pm
Steem witness xeldal and seed node updated to latest master.

"steem_revision": "3bb37ad275d35f1cb9181beb0d8773fb137e023a"

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: pc on April 23, 2016, 06:45:04 pm
Updated AGAIN...
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: iHashFury on April 23, 2016, 07:40:34 pm
Seed and Witness nodes have been updated to the latest code on "git checkout master"
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: wackou on April 24, 2016, 02:44:45 am
witness wackou and seed node updated to latest master
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: BunkerChainLabs-DataSecurityNode on April 24, 2016, 03:27:13 am
DataSecurityNode witness updated with the latest version and upgraded to new dedicated server.

Vote! :D
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: liondani on April 24, 2016, 04:24:21 am
Witness: liondani and seed node (based in Switzerland & Germany) are updated to the latest STEEM release.

I am running the following witness node:


I can scale up all seed node and witness resources on demand in real time very quick.

witness node located in Germany:
CPU: six cores, 30 GB RAM, 2000 GB disk space, SSD boost, UNLIMITED traffic

seed node located in Switzerland:
CPU: four cores, 8 GB RAM, 2000 GB disk space, SSD, UNLIMITED traffic


About me:

Member of the bitshares community from the early days
Delegate on bts1
Seed nodes running for bts1,bts2
Worker delegate and support for bts Developer James Calfee

and so it begun...
https://bitsharestalk.org/index.php/topic,6406.0.html


Please vote
Please vote for my witness:

vote_for_witness youraccountname liondani  true true

will update with more details the next days.
Thanks!

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: nextgencrypto on April 24, 2016, 09:36:32 pm
Hi all-

I have set up a witness node located in Los Angeles, California that includes DDOS protection, automatic backups, and can easily be scaled up to meet the needs of the network.
Being one of the top public VEST holders, I am committed to providing long-term support to the STEEM network and am fortunate enough to have plenty of time to react to updates and other situations as needed. Additional plans to support STEEM will be announced shortly.

Account: nextgencrypto
Seed URL: http://steemwitness.com:2001

To vote in support of my witness, please use the following command: vote_for_witness youraccount nextgencrypto true true

Thank you in advance for your support!

Everything's up and running smoothly after the update last night!  I'm in for the long haul and would appreciate the communities support!

To vote in support of my witness, please use the following command: vote_for_witness youraccount nextgencrypto true true
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on April 27, 2016, 07:55:51 am
Why didn't my evil twins tell me Steem was a social media platform, sooner? Is this forum even relevant any longer? Why am I still here?

Update : Question ... how can us morons who use Windows vest more STEEM (after the 100 for account registration) without creating another account for 100 OPEN.STEEM?  Say I want to Vest 200 STEEM (using OPEN.STEEM), what are my options as a Windows user?

Answer: You upgrade to the latest BitShares wallet and withdraw OPEN.STEEM, then on steemit.com move it to vesting balance.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: steem on May 05, 2016, 12:04:23 pm
Hot off the CoinReport press:

https://coinreport.net/steemit-rewards-social-media-content-creators-cryptocurrency/

https://coinreport.net/conversation-ned-scott-ceo-steemit/?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on May 06, 2016, 03:18:56 am
Hey [member=120]xeroc[/member] [member=5]bytemaster[/member]

I think I just really messed up. Is there any way to recover a password on Steemit? 

I setup an account for someone else and before I transfer it to them I wanted to change the password from it being the private key to the BitShares account I created the Steem account with. The problem is, I was using KeyPass to keep track of these passwords and it clears the clipboard after 12 seconds. I still had the private key as the main "Password" in KeyPass and was setting up a new stored field for the new password which I generated from elsewhere within KeyPass and thought I had pasted it and clicked OK. It turns out, it did not paste and the field is empty and I have already updated the "Owner" password with it on Steemit and now cannot login to the account.

Is there anything I can do?  Thanks!

I can't believe I did that. I've been very good about passwords in my online history and I'm pretty sure this is the first time I've boneheaded my way out of access to an account. I even had the new password pasted into a text file, but closed and did not save because I thought I had it saved in KeyPass prior to that. I really feel stupid at this point, but I will never be sure I've saved a password again unless I see it saved. lesson learned. :(

If nothing else, since this was just setup and I've yet to email Mr. Carreras, I guess I can just redo it all under a new account, but any funds going to the current post will be lost forever I presume, so I need to know pretty fast before others upvote that post so I can make a new one and prevent funds needlessly going to an account that no one can access.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on May 06, 2016, 05:19:25 am
what's the account name?
Since the steemit.com webpage is not open source, I can't really tell what it is doing in that case .. maybe [member=12639]valzav[/member] can help
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on May 06, 2016, 05:56:07 am
what's the account name?
Since the steemit.com webpage is not open source, I can't really tell what it is doing in that case .. maybe [member=12639]valzav[/member] can help

genis-carreras
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on May 06, 2016, 06:02:55 am
genis-carreras
The blockchain doesn't show any transactions for that account which means that its private keys has not been updated.
You still have the old keys? Maybe in a backup of your password manager?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on May 06, 2016, 06:10:34 am
genis-carreras
The blockchain doesn't show any transactions for that account which means that its private keys has not been updated.
You still have the old keys? Maybe in a backup of your password manager?

Ya I have the BTS private key that the account was setup with.

I just don't have a way to do anything with it since I'm on Windows. I've tried logging in with it on Steemit, but it says the password is incorrect, since I updated it there.

I will gladly pay you something, upvotes or STEEM, if you can reset this password with the original BTS private key. Just let me know where to send the key.

Thanks for the help.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: puppies on May 08, 2016, 06:38:37 pm
genis-carreras
The blockchain doesn't show any transactions for that account which means that its private keys has not been updated.
You still have the old keys? Maybe in a backup of your password manager?

Ya I have the BTS private key that the account was setup with.

I just don't have a way to do anything with it since I'm on Windows. I've tried logging in with it on Steemit, but it says the password is incorrect, since I updated it there.

I will gladly pay you something, upvotes or STEEM, if you can reset this password with the original BTS private key. Just let me know where to send the key.

Thanks for the help.
hey Tuck.  If you had the password entered into a text document it might have been cached on your hdd.  I know that many of the text editor programs I use will save an auto backup under a different name until the real document is saved or closed.  I would check the specifics of whatever program you used.  Check whatever directory it would have saved a backup to.  If there is no backup present run recovery software on that hdd and see if it can find one.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on May 08, 2016, 08:35:46 pm
hey Tuck.  If you had the password entered into a text document it might have been cached on your hdd.  I know that many of the text editor programs I use will save an auto backup under a different name until the real document is saved or closed.  I would check the specifics of whatever program you used.  Check whatever directory it would have saved a backup to.  If there is no backup present run recovery software on that hdd and see if it can find one.

Thanks for the tip, I will look into it!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: cryptillionaire on May 10, 2016, 10:04:42 pm
You have to use facebook to sign up for steemit?! WTF?!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: valzav on May 10, 2016, 11:25:40 pm
You have to use facebook to sign up for steemit?! WTF?!
Identity verification is needed to prevent abuse. There will be some other options besides facebook including an option to not reveal identity at all but probably it will cost you some money.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: nextgencrypto on May 20, 2016, 06:17:52 am
Check out steemservices.com (http://www.steemservices.com) for more info.

(https://puu.sh/oWWDL/80928b3926.png)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on May 25, 2016, 06:14:02 pm
Hey Steemians/Steemers/Steemsters,

Help support new young talented liberty oriented bloggers by upvoting their content on Steem.

This is Evan Koser's first Steem post. He runs one of the most popular liberty blogs on Tumblr, is very knowledgable on many fronts and is an excellent writer.

Please support new original content on Steem with your upvote and/or comments to help bring more talented original content creators to Steem!

https://goo.gl/3GVnwr  <-- The Steemit link doesn't work here, but this goes to Steemit.

Stray from the list!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Tuck Fheman on May 31, 2016, 06:13:54 pm
Who is "dantheman" on Steemit?

Is it Dan Larimer or Dan Notestein?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Bhuz on May 31, 2016, 06:15:57 pm
Who is "dantheman" on Steemit?

Is it Dan Larimer or Dan Notestein?
Larimer

Inviato dal mio Nexus 4 utilizzando Tapatalk

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: chryspano on June 14, 2016, 02:35:19 pm
Ouch!

(https://i.imgsafe.org/015e188866.jpg)

(https://i.imgsafe.org/0159f396a6.jpg)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: fav on June 15, 2016, 06:02:43 am
Ouch!

(https://i.imgsafe.org/015e188866.jpg)

(https://i.imgsafe.org/0159f396a6.jpg)

let's see how steemit performs after some years :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: nomoreheroes7 on July 07, 2016, 12:10:23 am
I wanted to make sure Steem didn't compete with BitShares market.  In fact, one of the reasons I was willing to help with Steem was that its feature set is fundamentally incompatible with BitShares and we could not hardfork BitShares to implement what Steem does.

I'll just leave this here...and direct attention specifically to "Phase 3" ::)

https://steemit.com/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: dannotestein on July 07, 2016, 01:25:46 am
I wanted to make sure Steem didn't compete with BitShares market.  In fact, one of the reasons I was willing to help with Steem was that its feature set is fundamentally incompatible with BitShares and we could not hardfork BitShares to implement what Steem does.

I'll just leave this here...and direct attention specifically to "Phase 3" ::)

https://steemit.com/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination
Lol, I wouldn't be too concerned, though. Steemit's got way too many issues to work out in their base platform to be competing with BitShares as a decentralized exchange any time soon...
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on July 07, 2016, 06:02:59 am
Lol, I wouldn't be too concerned, though. Steemit's got way too many issues to work out in their base platform to be competing with BitShares as a decentralized exchange any time soon...
I agree with this .. steem wasn't built as an exchange and building an exchange as bundle of smart contracts (as people are doing on ethereum) will not be competitive to BitShares.
Also, we already HAVE the exchange running for any asset! It will take months for steem until they can deliver smart contracting (something we don't want to have on BitShares, btw) and THEN, they can start with phase 3.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Erlich Bachman on July 07, 2016, 08:34:39 am
And don't forget phase 4:


PeerPlays
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: MessyCoin on July 12, 2016, 07:09:30 am
Hi. I'd like to understand why Steem is not observing the Protoshares social contact (http://web.archive.org/web/20131229011438/http://invictus-innovations.com/social-concensus), where PTS and AGS holders were promised a % in all future Invictus derived DACs. I'm confused to see Dan Larimer as a founding member of Steem without honoring this promise that he was the main promoter of, which convinced me to back the project at that time. I'm trying understand the logic as to why the social contact wasn't honored - or are there plans to do so?

Thanks for any help :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: NewMine on July 12, 2016, 03:29:26 pm
Hi. I'd like to understand why Steem is not observing the Protoshares social contact (http://web.archive.org/web/20131229011438/http://invictus-innovations.com/social-concensus), where PTS and AGS holders were promised a % in all future Invictus derived DACs. I'm confused to see Dan Larimer as a founding member of Steem without honoring this promise that he was the main promoter of, which convinced me to back the project at that time. I'm trying understand the logic as to why the social contact wasn't honored - or are there plans to do so?

Thanks for any help :)
Then he would have less coins to dump on the market right now. They fooled all of us. Typical happenings in the crypto world since 2009. Promise big things for donations, pivot and ask for more donations, leave and start all over with a new scheme.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: vlight on July 12, 2016, 07:28:32 pm
Then he would have less coins to dump on the market right now. They fooled all of us. Typical happenings in the crypto world since 2009. Promise big things for donations, pivot and ask for more donations, leave and start all over with a new scheme.

Who knows, maybe bytemaster will return with his billions earned from Steem, and then pump  the Bitshares  :D
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: xeroc on July 12, 2016, 07:49:34 pm
Then he would have less coins to dump on the market right now. They fooled all of us. Typical happenings in the crypto world since 2009. Promise big things for donations, pivot and ask for more donations, leave and start all over with a new scheme.

Who knows, maybe bytemaster will return with his billions earned from Steem, and then pump  the Bitshares  :D
Dont you see this happending already? Why else would BTS rise?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: nomoreheroes7 on July 12, 2016, 08:26:40 pm
Then he would have less coins to dump on the market right now. They fooled all of us. Typical happenings in the crypto world since 2009. Promise big things for donations, pivot and ask for more donations, leave and start all over with a new scheme.

Who knows, maybe bytemaster will return with his billions earned from Steem, and then pump  the Bitshares  :D
Dont you see this happending already? Why else would BTS rise?

Well I doubt it's directly from BM himself...though that would be welcome lol. Hoping that other BTS community members that are now (rich) members of STEEM remember BTS and just how awesome it really is...  ;D
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: chryspano on July 12, 2016, 09:57:52 pm
Meanwhile...
(https://i.imgsafe.org/565155b035.jpg)


Right now it's 220m, I don't really expect it to stay that high for long but on the other hand.... Litecoin @195m? really?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: vlight on July 12, 2016, 10:48:54 pm
Well I doubt it's directly from BM himself...though that would be welcome lol. Hoping that other BTS community members that are now (rich) members of STEEM remember BTS and just how awesome it really is...  ;D
The problem is that they can't cashout yet, don't they?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: btswildpig on July 12, 2016, 10:59:35 pm
Hi. I'd like to understand why Steem is not observing the Protoshares social contact (http://web.archive.org/web/20131229011438/http://invictus-innovations.com/social-concensus), where PTS and AGS holders were promised a % in all future Invictus derived DACs. I'm confused to see Dan Larimer as a founding member of Steem without honoring this promise that he was the main promoter of, which convinced me to back the project at that time. I'm trying understand the logic as to why the social contact wasn't honored - or are there plans to do so?

Thanks for any help :)

because it's not a contract , and no court room can force them to honor it .


And even if there was a contract ....the company is called Cryptonomex now . Which is not Invicus ....

Smart people right .
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: LoveYouMakMak on July 13, 2016, 01:58:26 am
The sour grapes here is funny. ByteMaster gave each of you an opportunity to get into Steem early. Now its a few people that are focused on getting work done, Peertracks scams and the test holding their Bitshares bags upset about Steem's success. Thank you anti dillusion crowd for forcing ByteMaster's hand, we owe you big time. :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: btswildpig on July 13, 2016, 02:29:55 am
The sour grapes here is funny. ByteMaster gave each of you an opportunity to get into Steem early. Now its a few people that are focused on getting work done, Peertracks scams and the test holding their Bitshares bags upset about Steem's success. Thank you anti dillusion crowd for forcing ByteMaster's hand, we owe you big time. :)

Lol .
It's a typical pump and dump scheme with most of the coins out of circulation .
The value added for the same feature would not have been the same on a fully distributed and circulated BitShares .
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 13, 2016, 02:40:47 am
Hi. I'd like to understand why Steem is not observing the Protoshares social contact (http://web.archive.org/web/20131229011438/http://invictus-innovations.com/social-concensus), where PTS and AGS holders were promised a % in all future Invictus derived DACs. I'm confused to see Dan Larimer as a founding member of Steem without honoring this promise that he was the main promoter of, which convinced me to back the project at that time. I'm trying understand the logic as to why the social contact wasn't honored - or are there plans to do so?

Thanks for any help :)

because it's not a contract , and no court room can force them to honor it .


And even if there was a contract ....the company is called Cryptonomex now . Which is not Invicus ....

Smart people right .

Actually, the company is called Steemit.  Exactly zero % is owned by Cryptonomex.
CNX, CNI, and CNF are all still completely focused on the BitShares Ecosystem.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: btswildpig on July 13, 2016, 03:03:41 am
Hi. I'd like to understand why Steem is not observing the Protoshares social contact (http://web.archive.org/web/20131229011438/http://invictus-innovations.com/social-concensus), where PTS and AGS holders were promised a % in all future Invictus derived DACs. I'm confused to see Dan Larimer as a founding member of Steem without honoring this promise that he was the main promoter of, which convinced me to back the project at that time. I'm trying understand the logic as to why the social contact wasn't honored - or are there plans to do so?

Thanks for any help :)

because it's not a contract , and no court room can force them to honor it .


And even if there was a contract ....the company is called Cryptonomex now . Which is not Invicus ....

Smart people right .

Actually, the company is called Steemit.  Exactly zero % is owned by Cryptonomex.
CNX, CNI, and CNF are all still completely focused on the BitShares Ecosystem.

I'm late to the party ...what is CNF stands for ?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 13, 2016, 03:07:59 am
https://steemit.com/bitshares/[member=6]Stan[/member]/elvis-has-not-left-the-building
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: lil_jay890 on July 13, 2016, 03:19:04 am
The sour grapes here is funny. ByteMaster gave each of you an opportunity to get into Steem early. Now its a few people that are focused on getting work done, Peertracks scams and the test holding their Bitshares bags upset about Steem's success. Thank you anti dillusion crowd for forcing ByteMaster's hand, we owe you big time. :)

Paper profits make people so bold...

Just because they know how to manipulate cmc doesn't mean it's actually worth that much.  Anyone who thinks a price rise from 50 million to 300 million on 1 million dollars in volume has any validity at all has no idea how markets work.

If u are invested in steem and can get out, which I'm guessing most can't, do it now.  The action you are seeing should be throwing up a lot of red flags.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 13, 2016, 03:21:29 am
Shut up Stan, we care not for real facts!

Of all the communities in the world who had the longest amount of time to board the STEEM train, we had the best opportunity and made the worst choice and now we blame you because we at BitShares are unable to take responsibility for our actions.

And now, we are mad at you for causing the price of BTS to rise 50%!

We will  curse this 50% BTC price rise until we die (while accomplishing nothing of value for humanity).

How could Dan turn his back on a community that is hell bent on cursing his name until the end of our days?!

Alas, it's a shame people didn't like him talking about it so much on the Friday mumble when it first came out.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 13, 2016, 03:23:03 am
The sour grapes here is funny. ByteMaster gave each of you an opportunity to get into Steem early. Now its a few people that are focused on getting work done, Peertracks scams and the test holding their Bitshares bags upset about Steem's success. Thank you anti dillusion crowd for forcing ByteMaster's hand, we owe you big time. :)

Paper profits make people so bold...

Just because they know how to manipulate cmc doesn't mean it's actually worth that much.  Anyone who thinks a price rise from 50 million to 300 million on 1 million dollars in volume has any validity at all has no idea how markets work.

If u are invested in steem and can get out, which I'm guessing most can't, do it now.  The action you are seeing should be throwing up a lot of red flags.

Nothing on CMC is worth that much.  It's just a way of keeping score.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: oldman on July 13, 2016, 04:04:06 am
Can someone please ELI5 Dan/STEEM/BTS for me?

I noticed STEEM going parabolic on CMC today, thought I'd check out the latest epic pump'n'dump and found Dan at the bottom of the rabbit hole. Not something I expected.

Then I hit Bitsharestalk and find a whole lot of pissed off folks with a pretty consistent sentiment that Dan has absconded with knowledge/experience/ideas funded by the PTS/AGS investors (of which I am one) and is using them to enrich a small, centralized cadre of "Steemit"(?) developers/investors via a heavily pre-mined coin apparently designed to game CMC. Also not something I expected.

Finally, it appears that although Steemit would not exist without Bitshares technology/codebase and substantial contributions from Bitshares lead developer (Bytemaster), there is currently no clear roadmap for a share drop on the PTS/AGS/BTSX/BTS folks. Definitely not expected!

I'm currently trying to maintain an open mind, as I continue to believe in Dan's vision and talent, but from where I'm standing this situation is pretty much ass end opposite of everything Bitshares stands for.

Help an old guy out, thank you!

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: nomoreheroes7 on July 13, 2016, 04:10:49 am
Can someone please ELI5 Dan/STEEM/BTS for me?

I noticed STEEM going parabolic on CMC today, thought I'd check out the latest epic pump'n'dump and found Dan at the bottom of the rabbit hole. Not something I expected.

Then I hit Bitsharestalk and find a whole lot of pissed off folks with a pretty consistent sentiment that Dan has absconded with knowledge/experience/ideas funded by the PTS/AGS investors (of which I am one) and is using them to enrich a small, centralized cadre of "Steemit"(?) developers/investors via a heavily pre-mined coin apparently designed to game CMC. Also not something I expected.

Finally, it appears that although Steemit would not exist without Bitshares technology/codebase and substantial contributions from Bitshares lead developer (Bytemaster), there is currently no clear roadmap for a share drop on the PTS/AGS/BTSX/BTS folks. Definitely not expected!

I'm currently trying to maintain an open mind, as I continue to believe in Dan's vision and talent, but from where I'm standing this situation is pretty much ass end opposite of everything Bitshares stands for.

Help an old guy out, thank you!

Lol oh man oldman, you've honestly got pretty much the jist of it right there. Whether or not Dan returns and/or STEEM ever or in any way ends up benefitting BTS remains to be seen.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: bitsharesbrazil on July 13, 2016, 04:31:26 am
I cannot believe people are complaining about steem.....

bitshares is increasing in price n steem/bts on openledger is almost 50k......

certainly dan will not kill bts telling to his market maker dealing steem/bts using openledger

thanks dan, whatever what you do or...do not
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: oldman on July 13, 2016, 04:45:23 am
I cannot believe people are complaining about steem.....

bitshares is increasing in price n steem/bts on openledger is almost 50k......

certainly dan will not kill bts telling to his market maker dealing steem/bts using openledger

thanks dan, whatever what you do or...do not

I have no complaints about Steem per se, though to be completely honest I'm old and after a couple hours of reviewing Steem's website/whitepaper/stuff I still have absolutely no idea what it does, why it has value or why so many of the Bitshares dev's are investing time/effort in the ecosystem (other than as a very ironic means of raising development capital for Bitshares, in which case my faith in Dan remains intact).

Investment is not about assets or products; when one invests, one invests in people.

My concern is that my investment in Bitshares, which to this point has been primarily an investment in Dan and Stan, may be jeopardized by this ridiculously abrupt pivot in focus.

Any investor worth their salt needs to know why the captain suddenly jumped ship to run first mate elsewhere....
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: btswildpig on July 13, 2016, 04:46:49 am
Can someone please ELI5 Dan/STEEM/BTS for me?

I noticed STEEM going parabolic on CMC today, thought I'd check out the latest epic pump'n'dump and found Dan at the bottom of the rabbit hole. Not something I expected.

Then I hit Bitsharestalk and find a whole lot of pissed off folks with a pretty consistent sentiment that Dan has absconded with knowledge/experience/ideas funded by the PTS/AGS investors (of which I am one) and is using them to enrich a small, centralized cadre of "Steemit"(?) developers/investors via a heavily pre-mined coin apparently designed to game CMC. Also not something I expected.

Finally, it appears that although Steemit would not exist without Bitshares technology/codebase and substantial contributions from Bitshares lead developer (Bytemaster), there is currently no clear roadmap for a share drop on the PTS/AGS/BTSX/BTS folks. Definitely not expected!

I'm currently trying to maintain an open mind, as I continue to believe in Dan's vision and talent, but from where I'm standing this situation is pretty much ass end opposite of everything Bitshares stands for.

Help an old guy out, thank you!

The sharedrop was promised by Invictus company .

And STEEM is run by STEEM company .

So . it's ok not to drop on it .
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: crypto4ever on July 13, 2016, 04:51:18 am
I am going to speak openly and honestly.

Steem and Bitshares have nothing to do with one another. "YET"

Steem is testing its ground, and it is doing very well.  While it seems this is a great time to get a synergy going...

https://steemd.com/distribution (https://steemd.com/distribution)

There is "only" 18,000 users on the system as of this post.  That's 0.00001% of the internet population.

This is NOT the time to introduce them to bitshares, while they are growing exponentially.  Allow the userbase to grow 100X and then put effort forth.

So all of you (and me) BTS holders, knowing what Bitshares can do... need to wait.  Don't cloud the growth of steem pushing something like us forward.

Many of them don't even know what Bitcoin is (until now) and now we want to promote Bitshares?

Timing is everything... Bitshares isn't going anywhere, and neither is steem..  Use timing in your favor.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Shentist on July 13, 2016, 05:23:19 am
Can someone please ELI5 Dan/STEEM/BTS for me?

I noticed STEEM going parabolic on CMC today, thought I'd check out the latest epic pump'n'dump and found Dan at the bottom of the rabbit hole. Not something I expected.

Then I hit Bitsharestalk and find a whole lot of pissed off folks with a pretty consistent sentiment that Dan has absconded with knowledge/experience/ideas funded by the PTS/AGS investors (of which I am one) and is using them to enrich a small, centralized cadre of "Steemit"(?) developers/investors via a heavily pre-mined coin apparently designed to game CMC. Also not something I expected.

Finally, it appears that although Steemit would not exist without Bitshares technology/codebase and substantial contributions from Bitshares lead developer (Bytemaster), there is currently no clear roadmap for a share drop on the PTS/AGS/BTSX/BTS folks. Definitely not expected!

I'm currently trying to maintain an open mind, as I continue to believe in Dan's vision and talent, but from where I'm standing this situation is pretty much ass end opposite of everything Bitshares stands for.

Help an old guy out, thank you!

in the beginning, it was told it is bytemaster alone, but if you look into the whitepaper you find any bitshares CNX codername i know, so he took the whole team with him and left bitshares without preperation on his own. only svk is left as a sole contributor to the codebase and the guys from blocktrades (and they are also heavily in steem).

because they promised to give away 10% for every future project, they gamed the words and just frontmined the whole steem project and they will tell you "there was nothing to give and you could mine by your own" - true - but every none technical guy was thrown away.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: oldman on July 13, 2016, 05:44:31 am
The sharedrop was promised by Invictus company .

And STEEM is run by STEEM company .

So . it's ok not to drop on it .

I have to say this is a very strange response from someone who's been around as long as you have. Steem/Steemit/Steemit Inc. is running on code and talent developed for Bitshares. Dan's pitch, and the reason so many invested in PTS/AGS, was that the code base could be used to bootstrap an entire ecosystem of blockchain based projects. Investors would fund development of the initial code base and in return would receive a share in future projects.

The world is a harsh place and I would expect some to profit by abusing the 'social contract' upon which investment in PTS/AGS was premised via any number of schemes (ie. we changed the name on the sign and are no longer on the hook) but to be completely honest the lead dev is the last person I would have expected to do this sort of thing.

Those of us that invested in Dan's vision in the early days did so because his vision was sheer genius - design a generic platform which could be used by others to build an entire economy of block chain based businesses. By funding the creation of the generic platform investors could share in the success of the businesses that were built on top of it.

Steem/Steemit/Steemit Inc. seems to be the first profitable (?) realization of Dan's vision and hot damn, it's hard to believe the Bitshares folks are being left to hang.

Yes, BTS seems to be seeing some buying of late. Yes, the 'select few' that followed Dan are enjoying an influx of capital. All good things. But the social contract that was supposed to transcend the legal/political/corporate fuckery that defines the current state of the world seems to have been shat upon.

Say it ain't so! I've held my investment through brief highs and long, long lows because I believe Bitshares has real potential to level the playing field, globally. Hopefully Dan is having his Skywalker moment of doubt and is dabbling in the dark side.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: btswildpig on July 13, 2016, 05:53:37 am
Can someone please ELI5 Dan/STEEM/BTS for me?

I noticed STEEM going parabolic on CMC today, thought I'd check out the latest epic pump'n'dump and found Dan at the bottom of the rabbit hole. Not something I expected.

Then I hit Bitsharestalk and find a whole lot of pissed off folks with a pretty consistent sentiment that Dan has absconded with knowledge/experience/ideas funded by the PTS/AGS investors (of which I am one) and is using them to enrich a small, centralized cadre of "Steemit"(?) developers/investors via a heavily pre-mined coin apparently designed to game CMC. Also not something I expected.

Finally, it appears that although Steemit would not exist without Bitshares technology/codebase and substantial contributions from Bitshares lead developer (Bytemaster), there is currently no clear roadmap for a share drop on the PTS/AGS/BTSX/BTS folks. Definitely not expected!

I'm currently trying to maintain an open mind, as I continue to believe in Dan's vision and talent, but from where I'm standing this situation is pretty much ass end opposite of everything Bitshares stands for.

Help an old guy out, thank you!

in the beginning, it was told it is bytemaster alone, but if you look into the whitepaper you find any bitshares CNX codername i know, so he took the whole team with him and left bitshares without preperation on his own. only svk is left as a sole contributor to the codebase and the guys from blocktrades (and they are also heavily in steem).

because they promised to give away 10% for every future project, they gamed the words and just frontmined the whole steem project and they will tell you "there was nothing to give and you could mine by your own" - true - but every none technical guy was thrown away.

 to my knowledge , even for technical people, the process was still a pain in the ass.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: onceuponatime on July 13, 2016, 06:15:22 am
The sharedrop was promised by Invictus company .

And STEEM is run by STEEM company .

So . it's ok not to drop on it .

I have to say this is a very strange response from someone who's been around as long as you have. Steem/Steemit/Steemit Inc. is running on code and talent developed for Bitshares. Dan's pitch, and the reason so many invested in PTS/AGS, was that the code base could be used to bootstrap an entire ecosystem of blockchain based projects. Investors would fund development of the initial code base and in return would receive a share in future projects.

The world is a harsh place and I would expect some to profit by abusing the 'social contract' upon which investment in PTS/AGS was premised via any number of schemes (ie. we changed the name on the sign and are no longer on the hook) but to be completely honest the lead dev is the last person I would have expected to do this sort of thing.

Those of us that invested in Dan's vision in the early days did so because his vision was sheer genius - design a generic platform which could be used by others to build an entire economy of block chain based businesses. By funding the creation of the generic platform investors could share in the success of the businesses that were built on top of it.

Steem/Steemit/Steemit Inc. seems to be the first profitable (?) realization of Dan's vision and hot damn, it's hard to believe the Bitshares folks are being left to hang.

Yes, BTS seems to be seeing some buying of late. Yes, the 'select few' that followed Dan are enjoying an influx of capital. All good things. But the social contract that was supposed to transcend the legal/political/corporate fuckery that defines the current state of the world seems to have been shat upon.

Say it ain't so! I've held my investment through brief highs and long, long lows because I believe Bitshares has real potential to level the playing field, globally. Hopefully Dan is having his Skywalker moment of doubt and is dabbling in the dark side.

It ain't so. Do some research. There are innumerable people still working on BitShares, and many of the people working on Steem are also very active in BitShares. If Steem had not been invented, BitShares would have ground to a halt because their were no development funds, and some of the devs NEED TO EAT, and NEED TO FEED THEIR CHILDREN.

There are some very "entitled" people in BitShares who think they are owed something beyond what had been produced by the time development funds ran out (and further funding through dilution - a very common business practice, as in new funding rounds - could not get the required votes).

And look at BitShares Munich, one of the leading sources of BitShares development now.  It has brought in thousands of dollars of bitshares development funds for itself BY POSTING ABOUT IT ON STEEMIT.COM and getting upvoted there (when it couldn't raise enough funding by selling its OPENPOS asset on the DEX).

The ignorance sometimes displayed in this forum is stifling.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Shentist on July 13, 2016, 06:31:36 am
The sharedrop was promised by Invictus company .

And STEEM is run by STEEM company .

So . it's ok not to drop on it .

I have to say this is a very strange response from someone who's been around as long as you have. Steem/Steemit/Steemit Inc. is running on code and talent developed for Bitshares. Dan's pitch, and the reason so many invested in PTS/AGS, was that the code base could be used to bootstrap an entire ecosystem of blockchain based projects. Investors would fund development of the initial code base and in return would receive a share in future projects.

The world is a harsh place and I would expect some to profit by abusing the 'social contract' upon which investment in PTS/AGS was premised via any number of schemes (ie. we changed the name on the sign and are no longer on the hook) but to be completely honest the lead dev is the last person I would have expected to do this sort of thing.

Those of us that invested in Dan's vision in the early days did so because his vision was sheer genius - design a generic platform which could be used by others to build an entire economy of block chain based businesses. By funding the creation of the generic platform investors could share in the success of the businesses that were built on top of it.

Steem/Steemit/Steemit Inc. seems to be the first profitable (?) realization of Dan's vision and hot damn, it's hard to believe the Bitshares folks are being left to hang.

Yes, BTS seems to be seeing some buying of late. Yes, the 'select few' that followed Dan are enjoying an influx of capital. All good things. But the social contract that was supposed to transcend the legal/political/corporate fuckery that defines the current state of the world seems to have been shat upon.

Say it ain't so! I've held my investment through brief highs and long, long lows because I believe Bitshares has real potential to level the playing field, globally. Hopefully Dan is having his Skywalker moment of doubt and is dabbling in the dark side.

It ain't so. Do some research. There are innumerable people still working on BitShares, and many of the people working on Steem are also very active in BitShares. If Steem had not been invented, BitShares would have ground to a halt because their were no development funds, and some of the devs NEED TO EAT, and NEED TO FEED THEIR CHILDREN.

There are some very "entitled" people in BitShares who think they are owed something beyond what had been produced by the time development funds ran out (and further funding through dilution - a very common business practice, as in new funding rounds - could not get the required votes).

And look at BitShares Munich, one of the leading sources of BitShares development now.  It has brought in thousands of dollars of bitshares development funds for itself BY POSTING ABOUT IT ON STEEMIT.COM and getting upvoted there (when it couldn't raise enough funding by selling its OPENPOS asset on the DEX).

The ignorance sometimes displayed in this forum is stifling.

thanks for your view of an "insider".
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: onceuponatime on July 13, 2016, 06:42:40 am
The sharedrop was promised by Invictus company .

And STEEM is run by STEEM company .

So . it's ok not to drop on it .

I have to say this is a very strange response from someone who's been around as long as you have. Steem/Steemit/Steemit Inc. is running on code and talent developed for Bitshares. Dan's pitch, and the reason so many invested in PTS/AGS, was that the code base could be used to bootstrap an entire ecosystem of blockchain based projects. Investors would fund development of the initial code base and in return would receive a share in future projects.

The world is a harsh place and I would expect some to profit by abusing the 'social contract' upon which investment in PTS/AGS was premised via any number of schemes (ie. we changed the name on the sign and are no longer on the hook) but to be completely honest the lead dev is the last person I would have expected to do this sort of thing.

Those of us that invested in Dan's vision in the early days did so because his vision was sheer genius - design a generic platform which could be used by others to build an entire economy of block chain based businesses. By funding the creation of the generic platform investors could share in the success of the businesses that were built on top of it.

Steem/Steemit/Steemit Inc. seems to be the first profitable (?) realization of Dan's vision and hot damn, it's hard to believe the Bitshares folks are being left to hang.

Yes, BTS seems to be seeing some buying of late. Yes, the 'select few' that followed Dan are enjoying an influx of capital. All good things. But the social contract that was supposed to transcend the legal/political/corporate fuckery that defines the current state of the world seems to have been shat upon.

Say it ain't so! I've held my investment through brief highs and long, long lows because I believe Bitshares has real potential to level the playing field, globally. Hopefully Dan is having his Skywalker moment of doubt and is dabbling in the dark side.

It ain't so. Do some research. There are innumerable people still working on BitShares, and many of the people working on Steem are also very active in BitShares. If Steem had not been invented, BitShares would have ground to a halt because their were no development funds, and some of the devs NEED TO EAT, and NEED TO FEED THEIR CHILDREN.

There are some very "entitled" people in BitShares who think they are owed something beyond what had been produced by the time development funds ran out (and further funding through dilution - a very common business practice, as in new funding rounds - could not get the required votes).

And look at BitShares Munich, one of the leading sources of BitShares development now.  It has brought in thousands of dollars of bitshares development funds for itself BY POSTING ABOUT IT ON STEEMIT.COM and getting upvoted there (when it couldn't raise enough funding by selling its OPENPOS asset on the DEX).

The ignorance sometimes displayed in this forum is stifling.

thanks for your view of an "inside
r".

Aren't you the guy who took month after month of pay from the blockchain to fund his own bitshares-related business startup? And then shut it down?

Yours is the type of ignorance that I am talking about. And your constant negativity and bitterness are not only stifling, but counterproductive.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: prophetx on July 13, 2016, 09:23:19 am
wait so let me get this straight the graphene technology no longer requires by license to give 10% back to BTS (pts/ags) holders?

full disclosure i do own a little bit of BTS

but i'm also interested in using the code and not having to pay for it.

please advise.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: prophetx on July 13, 2016, 09:50:54 am
also can someone explain the relationship between buying/selling steem on bts and openledger?

does openledger run on top of the btsx network? so there might be some benefit from this? even if the licensing is open game now for all (which is not necessarily a bad thing)

lol i mined PTS in early november 2013 but all these constant changes are a bit hard to keep up with.  ;D
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 13, 2016, 01:02:46 pm
I am going to speak openly and honestly.

Steem and Bitshares have nothing to do with one another. "YET"

Steem is testing its ground, and it is doing very well.  While it seems this is a great time to get a synergy going...

https://steemd.com/distribution (https://steemd.com/distribution)

There is "only" 18,000 users on the system as of this post.  That's 0.00001% of the internet population.

This is NOT the time to introduce them to bitshares, while they are growing exponentially.  Allow the userbase to grow 100X and then put effort forth.

So all of you (and me) BTS holders, knowing what Bitshares can do... need to wait.  Don't cloud the growth of steem pushing something like us forward.

Many of them don't even know what Bitcoin is (until now) and now we want to promote Bitshares?

Timing is everything... Bitshares isn't going anywhere, and neither is steem..  Use timing in your favor.


+1
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 13, 2016, 01:26:01 pm
I cannot believe people are complaining about steem.....

bitshares is increasing in price n steem/bts on openledger is almost 50k......

certainly dan will not kill bts telling to his market maker dealing steem/bts using openledger

thanks dan, whatever what you do or...do not

I have no complaints about Steem per se, though to be completely honest I'm old and after a couple hours of reviewing Steem's website/whitepaper/stuff I still have absolutely no idea what it does, why it has value or why so many of the Bitshares dev's are investing time/effort in the ecosystem (other than as a very ironic means of raising development capital for Bitshares, in which case my faith in Dan remains intact).

Investment is not about assets or products; when one invests, one invests in people.

My concern is that my investment in Bitshares, which to this point has been primarily an investment in Dan and Stan, may be jeopardized by this ridiculously abrupt pivot in focus.

Any investor worth their salt needs to know why the captain suddenly jumped ship to run first mate elsewhere....

No abrupt pivot in focus.  Dan has been transparently discussing ways to stay in business since last fall.
This has been part of the plan for six months and everyone here has been kept in the loop every step of the way.
Read my posts since March 14th, here and on Steemit if you don't want to be caught by surprise.

 ;)

(https://i.gyazo.com/028d2144ef8bb324ee4f252daf4cbfd7.png)

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: oldman on July 18, 2016, 06:06:13 am
No abrupt pivot in focus.  Dan has been transparently discussing ways to stay in business since last fall.
This has been part of the plan for six months and everyone here has been kept in the loop every step of the way.
Read my posts since March 14th, here and on Steemit if you don't want to be caught by surprise.

Stan - thank you for your response. I've now invested the necessary time to go back through your posts as well as Dan's over the past six months as recommended. I have also investigated Steemit as thoroughly as possible, though I don't use Facebook, Twitter etc. so the social media thing is a little above my paygrade.

To be frank, what I found was disappointing.

Steemit was announced 01-April (current thread) and Dan's last post was 02-May. Cold turkey, nothing since. After years of engagement with this community and nearly 10,000 posts authored I think it is reasonable to call Dan's pivot abrupt in the extreme.

I agree there is a lot of good commentary on the need to raise capital and the community was made aware that new sources of funding are needed. However, at no point do I see "Dan will be shelving Bitshares on 02-May to focus on Steemit; here is the handoff strategy; here is the roadmap". Nor do I see a commitment or any indication that funds raised through Steemit will be used to further development of Bitshares.

Now, Steemit. As an investor I want to invest - the execution is incredible and the platform has real potential as The Next Big Thing, and not just in the crypto space. Dan is a brilliant developer/programmer/strategist/creator and Steemit is his finest work to date. It is going to take me a while to wrap my head around the possibilities the platform offers, but at first blush it appears to be the killer app for crypto.  Steemit may well bring crypto to the masses.

As an AGS/PTS investor I am livid. Apoplectic. Here's what I see:

Steem = Bitshares

Steem dollars = bitUSD

Steem power =  +5% (yield)

Steemit is the best of Bitshares packaged with a big social media bow on top. The back-end tech that makes Steemit such an incredibly user friendly and accessible crypto platform was built for Bitshares and funded by AGS/PTS. There is no world in which Steemit exists without AGS/PTS investment and the dedication and hardwork of the Bitshares community.

This is where I would pull Dan into my office, tell him to look me in the eye, and ask him to explain why AGS/PTS/Brownies have not received a share drop. I am truly stunned that there is not even a blog post on the topic. Dan would not be where he is today without the investment and support of this community.

"There were posts, you could have mined, you were invited." "The developers do not owe you and you are not entitled". This is mildly insulting. There are dozens of exciting projects related to Bitshares and it is unreasonable/impractical to expect investors to follow all projects and participate in all ICO/pre-mines. The AGS/PTS 'social contract' was created specifically to address this issue - and we all invested so we would not need to chase ICOs/pre-mines and could instead participate in future projects via share drop.

Why are there not pitchforks and torches in the streets? Why are the lead devs and forum heroes not demanding answers? It appears the majority of the core Bitshares dev team have become very enthusiastic Steemit "dolphins" and "whales" over the past few weeks.  It is absolutely fantastic to see some of our most dedicated, hard working community members hit the 1000% crypto ride we've all been chasing. But a very small percentage of the overall community has benefited.

There is a mailing list. Why was there not an email sent out? Why so little outreach? For something as critical as the lead dev pivoting to another project a clear, concise letter to the community would have been appropriate. Sometime in mid-March: "Dear investor, starting in May, Dan is going to park Bitshares for the foreseeable future and focus on developing Steemit. Steemit uses all of the good things that were built for Bitshares, but is packaged for the majority of internet users (social media) rather than a minority of internet users (investors/finance). There will be no share drop on AGS/PTS/Brownies and investment is via pre-mine only. Here is the road map for the next 12 months." Guidance and forward-looking statements would have resulted in a larger percentage of the community benefiting.

So where do we go from here? Like it or not, there is no recourse with a social contract except an appeal to honor and justice. I believe this writing serves as an appeal, and I would ask Dan to respond in full. Dan is presumably preoccupied with whomever keeps taking down steemit.com so I don't expect a response in the immediate future.

That being the case, I've been investing long enough to know that we all need to be long Steem Power asap. The train has left the station and many of us don't have a ticket.

The Steem market is far too thin to take a position OTC, I've been trading Bittrex over the past few days and the slippage is absurd. This is intentional, and kudos to Dan and team for absolutely destroying CMC. We were all choked when Ripple gamed CMC and knocked us down, couldn't be happier to see karma kicking ass. But it means we can't dump BTS for STEEM in any quantity. Dealing with the clowns daytrading on Bittrex is very, very stale. Try placing a bid for a block of 5 or 10k STEEM and see what happens.

I don't do social media - at all - but will register an account, post content and lobby the Bitshares dophins/whales to 'upvote. I strongly believe Steem Power to be a once-in-a-lifetime opportunity and all community members should make an effort to get a position by whatever means necessary. Unfortunately, my initial investigation into Steemit 'mining' has left the distinct impression that value seems to flow to makeup tutorials, travelogues, breasts. I do not use make up, do not travel to exotic places in provocative clothing and do not possess attractive breasts. Absent some benevolent whale voters, it seems most of us will be 'mining' with a CPU and competing against ASICs. I found it surprising that there is so much exceptional material posted where the authors have clearly invested substantial effort in producing meaningful, well written content... and earned only a few dollars or nothing at all. Yet a man smearing lipstick on his face was rewarded with thousands. Early days, but wow, it's surprising how the 'block rewards' are being allocated now that the public have been invited to 'mine'.

TL;DR: Appeal to Dan to provide guidance on where AGS/PTS/Brownies stand relative to Steemit. Steem Power is an investment this community should not pass up, but market is too thin to trade into a meaningful position. Mining is possible but only worthwhile if you have nice breasts, funny videos or dophin/whale friends. Bitshares community members should have dolphin/whale friends, so we should 'mine' by contributing as we wait to find out where we stand with Dan.




Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: 天籁 on July 18, 2016, 07:37:20 am
No abrupt pivot in focus.  Dan has been transparently discussing ways to stay in business since last fall.
This has been part of the plan for six months and everyone here has been kept in the loop every step of the way.
Read my posts since March 14th, here and on Steemit if you don't want to be caught by surprise.

Stan - thank you for your response. I've now invested the necessary time to go back through your posts as well as Dan's over the past six months as recommended. I have also investigated Steemit as thoroughly as possible, though I don't use Facebook, Twitter etc. so the social media thing is a little above my paygrade.

To be frank, what I found was disappointing.

Steemit was announced 01-April (current thread) and Dan's last post was 02-May. Cold turkey, nothing since. After years of engagement with this community and nearly 10,000 posts authored I think it is reasonable to call Dan's pivot abrupt in the extreme.

I agree there is a lot of good commentary on the need to raise capital and the community was made aware that new sources of funding are needed. However, at no point do I see "Dan will be shelving Bitshares on 02-May to focus on Steemit; here is the handoff strategy; here is the roadmap". Nor do I see a commitment or any indication that funds raised through Steemit will be used to further development of Bitshares.

Now, Steemit. As an investor I want to invest - the execution is incredible and the platform has real potential as The Next Big Thing, and not just in the crypto space. Dan is a brilliant developer/programmer/strategist/creator and Steemit is his finest work to date. It is going to take me a while to wrap my head around the possibilities the platform offers, but at first blush it appears to be the killer app for crypto.  Steemit may well bring crypto to the masses.

As an AGS/PTS investor I am livid. Apoplectic. Here's what I see:

Steem = Bitshares

Steem dollars = bitUSD

Steem power =  +5% (yield)

Steemit is the best of Bitshares packaged with a big social media bow on top. The back-end tech that makes Steemit such an incredibly user friendly and accessible crypto platform was built for Bitshares and funded by AGS/PTS. There is no world in which Steemit exists without AGS/PTS investment and the dedication and hardwork of the Bitshares community.

This is where I would pull Dan into my office, tell him to look me in the eye, and ask him to explain why AGS/PTS/Brownies have not received a share drop. I am truly stunned that there is not even a blog post on the topic. Dan would not be where he is today without the investment and support of this community.

"There were posts, you could have mined, you were invited." "The developers do not owe you and you are not entitled". This is mildly insulting. There are dozens of exciting projects related to Bitshares and it is unreasonable/impractical to expect investors to follow all projects and participate in all ICO/pre-mines. The AGS/PTS 'social contract' was created specifically to address this issue - and we all invested so we would not need to chase ICOs/pre-mines and could instead participate in future projects via share drop.

Why are there not pitchforks and torches in the streets? Why are the lead devs and forum heroes not demanding answers? It appears the majority of the core Bitshares dev team have become very enthusiastic Steemit "dolphins" and "whales" over the past few weeks.  It is absolutely fantastic to see some of our most dedicated, hard working community members hit the 1000% crypto ride we've all been chasing. But a very small percentage of the overall community has benefited.

There is a mailing list. Why was there not an email sent out? Why so little outreach? For something as critical as the lead dev pivoting to another project a clear, concise letter to the community would have been appropriate. Sometime in mid-March: "Dear investor, starting in May, Dan is going to park Bitshares for the foreseeable future and focus on developing Steemit. Steemit uses all of the good things that were built for Bitshares, but is packaged for the majority of internet users (social media) rather than a minority of internet users (investors/finance). There will be no share drop on AGS/PTS/Brownies and investment is via pre-mine only. Here is the road map for the next 12 months." Guidance and forward-looking statements would have resulted in a larger percentage of the community benefiting.

So where do we go from here? Like it or not, there is no recourse with a social contract except an appeal to honor and justice. I believe this writing serves as an appeal, and I would ask Dan to respond in full. Dan is presumably preoccupied with whomever keeps taking down steemit.com so I don't expect a response in the immediate future.

That being the case, I've been investing long enough to know that we all need to be long Steem Power asap. The train has left the station and many of us don't have a ticket.

The Steem market is far too thin to take a position OTC, I've been trading Bittrex over the past few days and the slippage is absurd. This is intentional, and kudos to Dan and team for absolutely destroying CMC. We were all choked when Ripple gamed CMC and knocked us down, couldn't be happier to see karma kicking ass. But it means we can't dump BTS for STEEM in any quantity. Dealing with the clowns daytrading on Bittrex is very, very stale. Try placing a bid for a block of 5 or 10k STEEM and see what happens.

I don't do social media - at all - but will register an account, post content and lobby the Bitshares dophins/whales to 'upvote. I strongly believe Steem Power to be a once-in-a-lifetime opportunity and all community members should make an effort to get a position by whatever means necessary. Unfortunately, my initial investigation into Steemit 'mining' has left the distinct impression that value seems to flow to makeup tutorials, travelogues, breasts. I do not use make up, do not travel to exotic places in provocative clothing and do not possess attractive breasts. Absent some benevolent whale voters, it seems most of us will be 'mining' with a CPU and competing against ASICs. I found it surprising that there is so much exceptional material posted where the authors have clearly invested substantial effort in producing meaningful, well written content... and earned only a few dollars or nothing at all. Yet a man smearing lipstick on his face was rewarded with thousands. Early days, but wow, it's surprising how the 'block rewards' are being allocated now that the public have been invited to 'mine'.

TL;DR: Appeal to Dan to provide guidance on where AGS/PTS/Brownies stand relative to Steemit. Steem Power is an investment this community should not pass up, but market is too thin to trade into a meaningful position. Mining is possible but only worthwhile if you have nice breasts, funny videos or dophin/whale friends. Bitshares community members should have dolphin/whale friends, so we should 'mine' by contributing as we wait to find out where we stand with Dan.
+5%
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: dritz3r on July 18, 2016, 08:54:18 am
[member=11399]OldMan[/member] excellent post

Dan&Co. turn me into the troll. I invested a lot (for me) in AGS (after february) and everybody here know what that means. Unfortunately am  also persuaded some friends in the investment. Hard lesson, I never do that again. From all that shiney DAOs  that was announced there's not a single one. MUSE and PLAY are obviously failed projects.

With 80% Steem premined I Am sure that Dan&Co. will airdrop some 'crumbs', but only later maybe after the end of BTS vesting period. Right now it seems they are busy with damping BTS to pump Steem.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 18, 2016, 01:25:32 pm
No abrupt pivot in focus.  Dan has been transparently discussing ways to stay in business since last fall.
This has been part of the plan for six months and everyone here has been kept in the loop every step of the way.
Read my posts since March 14th, here and on Steemit if you don't want to be caught by surprise.

Stan - thank you for your response. I've now invested the necessary time to go back through your posts as well as Dan's over the past six months as recommended. I have also investigated Steemit as thoroughly as possible, though I don't use Facebook, Twitter etc. so the social media thing is a little above my paygrade.

To be frank, what I found was disappointing.

Steemit was announced 01-April (current thread) and Dan's last post was 02-May. Cold turkey, nothing since. After years of engagement with this community and nearly 10,000 posts authored I think it is reasonable to call Dan's pivot abrupt in the extreme.

I agree there is a lot of good commentary on the need to raise capital and the community was made aware that new sources of funding are needed. However, at no point do I see "Dan will be shelving Bitshares on 02-May to focus on Steemit; here is the handoff strategy; here is the roadmap". Nor do I see a commitment or any indication that funds raised through Steemit will be used to further development of Bitshares.

Now, Steemit. As an investor I want to invest - the execution is incredible and the platform has real potential as The Next Big Thing, and not just in the crypto space. Dan is a brilliant developer/programmer/strategist/creator and Steemit is his finest work to date. It is going to take me a while to wrap my head around the possibilities the platform offers, but at first blush it appears to be the killer app for crypto.  Steemit may well bring crypto to the masses.

As an AGS/PTS investor I am livid. Apoplectic. Here's what I see:

Steem = Bitshares

Steem dollars = bitUSD

Steem power =  +5% (yield)

Steemit is the best of Bitshares packaged with a big social media bow on top. The back-end tech that makes Steemit such an incredibly user friendly and accessible crypto platform was built for Bitshares and funded by AGS/PTS. There is no world in which Steemit exists without AGS/PTS investment and the dedication and hardwork of the Bitshares community.

This is where I would pull Dan into my office, tell him to look me in the eye, and ask him to explain why AGS/PTS/Brownies have not received a share drop. I am truly stunned that there is not even a blog post on the topic. Dan would not be where he is today without the investment and support of this community.

"There were posts, you could have mined, you were invited." "The developers do not owe you and you are not entitled". This is mildly insulting. There are dozens of exciting projects related to Bitshares and it is unreasonable/impractical to expect investors to follow all projects and participate in all ICO/pre-mines. The AGS/PTS 'social contract' was created specifically to address this issue - and we all invested so we would not need to chase ICOs/pre-mines and could instead participate in future projects via share drop.

Why are there not pitchforks and torches in the streets? Why are the lead devs and forum heroes not demanding answers? It appears the majority of the core Bitshares dev team have become very enthusiastic Steemit "dolphins" and "whales" over the past few weeks.  It is absolutely fantastic to see some of our most dedicated, hard working community members hit the 1000% crypto ride we've all been chasing. But a very small percentage of the overall community has benefited.

There is a mailing list. Why was there not an email sent out? Why so little outreach? For something as critical as the lead dev pivoting to another project a clear, concise letter to the community would have been appropriate. Sometime in mid-March: "Dear investor, starting in May, Dan is going to park Bitshares for the foreseeable future and focus on developing Steemit. Steemit uses all of the good things that were built for Bitshares, but is packaged for the majority of internet users (social media) rather than a minority of internet users (investors/finance). There will be no share drop on AGS/PTS/Brownies and investment is via pre-mine only. Here is the road map for the next 12 months." Guidance and forward-looking statements would have resulted in a larger percentage of the community benefiting.

So where do we go from here? Like it or not, there is no recourse with a social contract except an appeal to honor and justice. I believe this writing serves as an appeal, and I would ask Dan to respond in full. Dan is presumably preoccupied with whomever keeps taking down steemit.com so I don't expect a response in the immediate future.

That being the case, I've been investing long enough to know that we all need to be long Steem Power asap. The train has left the station and many of us don't have a ticket.

The Steem market is far too thin to take a position OTC, I've been trading Bittrex over the past few days and the slippage is absurd. This is intentional, and kudos to Dan and team for absolutely destroying CMC. We were all choked when Ripple gamed CMC and knocked us down, couldn't be happier to see karma kicking ass. But it means we can't dump BTS for STEEM in any quantity. Dealing with the clowns daytrading on Bittrex is very, very stale. Try placing a bid for a block of 5 or 10k STEEM and see what happens.

I don't do social media - at all - but will register an account, post content and lobby the Bitshares dophins/whales to 'upvote. I strongly believe Steem Power to be a once-in-a-lifetime opportunity and all community members should make an effort to get a position by whatever means necessary. Unfortunately, my initial investigation into Steemit 'mining' has left the distinct impression that value seems to flow to makeup tutorials, travelogues, breasts. I do not use make up, do not travel to exotic places in provocative clothing and do not possess attractive breasts. Absent some benevolent whale voters, it seems most of us will be 'mining' with a CPU and competing against ASICs. I found it surprising that there is so much exceptional material posted where the authors have clearly invested substantial effort in producing meaningful, well written content... and earned only a few dollars or nothing at all. Yet a man smearing lipstick on his face was rewarded with thousands. Early days, but wow, it's surprising how the 'block rewards' are being allocated now that the public have been invited to 'mine'.

TL;DR: Appeal to Dan to provide guidance on where AGS/PTS/Brownies stand relative to Steemit. Steem Power is an investment this community should not pass up, but market is too thin to trade into a meaningful position. Mining is possible but only worthwhile if you have nice breasts, funny videos or dophin/whale friends. Bitshares community members should have dolphin/whale friends, so we should 'mine' by contributing as we wait to find out where we stand with Dan.

+1

I can't speak for Steemit,
But as for BitShares,
Everything that
can be fixed
will be fixed
when we fix
what we can fix
when we can fix it.

 :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Akado on July 18, 2016, 04:19:03 pm
No abrupt pivot in focus.  Dan has been transparently discussing ways to stay in business since last fall.
This has been part of the plan for six months and everyone here has been kept in the loop every step of the way.
Read my posts since March 14th, here and on Steemit if you don't want to be caught by surprise.

Stan - thank you for your response. I've now invested the necessary time to go back through your posts as well as Dan's over the past six months as recommended. I have also investigated Steemit as thoroughly as possible, though I don't use Facebook, Twitter etc. so the social media thing is a little above my paygrade.

To be frank, what I found was disappointing.

Steemit was announced 01-April (current thread) and Dan's last post was 02-May. Cold turkey, nothing since. After years of engagement with this community and nearly 10,000 posts authored I think it is reasonable to call Dan's pivot abrupt in the extreme.

I agree there is a lot of good commentary on the need to raise capital and the community was made aware that new sources of funding are needed. However, at no point do I see "Dan will be shelving Bitshares on 02-May to focus on Steemit; here is the handoff strategy; here is the roadmap". Nor do I see a commitment or any indication that funds raised through Steemit will be used to further development of Bitshares.

Now, Steemit. As an investor I want to invest - the execution is incredible and the platform has real potential as The Next Big Thing, and not just in the crypto space. Dan is a brilliant developer/programmer/strategist/creator and Steemit is his finest work to date. It is going to take me a while to wrap my head around the possibilities the platform offers, but at first blush it appears to be the killer app for crypto.  Steemit may well bring crypto to the masses.

As an AGS/PTS investor I am livid. Apoplectic. Here's what I see:

Steem = Bitshares

Steem dollars = bitUSD

Steem power =  +5% (yield)

Steemit is the best of Bitshares packaged with a big social media bow on top. The back-end tech that makes Steemit such an incredibly user friendly and accessible crypto platform was built for Bitshares and funded by AGS/PTS. There is no world in which Steemit exists without AGS/PTS investment and the dedication and hardwork of the Bitshares community.

This is where I would pull Dan into my office, tell him to look me in the eye, and ask him to explain why AGS/PTS/Brownies have not received a share drop. I am truly stunned that there is not even a blog post on the topic. Dan would not be where he is today without the investment and support of this community.

"There were posts, you could have mined, you were invited." "The developers do not owe you and you are not entitled". This is mildly insulting. There are dozens of exciting projects related to Bitshares and it is unreasonable/impractical to expect investors to follow all projects and participate in all ICO/pre-mines. The AGS/PTS 'social contract' was created specifically to address this issue - and we all invested so we would not need to chase ICOs/pre-mines and could instead participate in future projects via share drop.

Why are there not pitchforks and torches in the streets? Why are the lead devs and forum heroes not demanding answers? It appears the majority of the core Bitshares dev team have become very enthusiastic Steemit "dolphins" and "whales" over the past few weeks.  It is absolutely fantastic to see some of our most dedicated, hard working community members hit the 1000% crypto ride we've all been chasing. But a very small percentage of the overall community has benefited.

There is a mailing list. Why was there not an email sent out? Why so little outreach? For something as critical as the lead dev pivoting to another project a clear, concise letter to the community would have been appropriate. Sometime in mid-March: "Dear investor, starting in May, Dan is going to park Bitshares for the foreseeable future and focus on developing Steemit. Steemit uses all of the good things that were built for Bitshares, but is packaged for the majority of internet users (social media) rather than a minority of internet users (investors/finance). There will be no share drop on AGS/PTS/Brownies and investment is via pre-mine only. Here is the road map for the next 12 months." Guidance and forward-looking statements would have resulted in a larger percentage of the community benefiting.

So where do we go from here? Like it or not, there is no recourse with a social contract except an appeal to honor and justice. I believe this writing serves as an appeal, and I would ask Dan to respond in full. Dan is presumably preoccupied with whomever keeps taking down steemit.com so I don't expect a response in the immediate future.

That being the case, I've been investing long enough to know that we all need to be long Steem Power asap. The train has left the station and many of us don't have a ticket.

The Steem market is far too thin to take a position OTC, I've been trading Bittrex over the past few days and the slippage is absurd. This is intentional, and kudos to Dan and team for absolutely destroying CMC. We were all choked when Ripple gamed CMC and knocked us down, couldn't be happier to see karma kicking ass. But it means we can't dump BTS for STEEM in any quantity. Dealing with the clowns daytrading on Bittrex is very, very stale. Try placing a bid for a block of 5 or 10k STEEM and see what happens.

I don't do social media - at all - but will register an account, post content and lobby the Bitshares dophins/whales to 'upvote. I strongly believe Steem Power to be a once-in-a-lifetime opportunity and all community members should make an effort to get a position by whatever means necessary. Unfortunately, my initial investigation into Steemit 'mining' has left the distinct impression that value seems to flow to makeup tutorials, travelogues, breasts. I do not use make up, do not travel to exotic places in provocative clothing and do not possess attractive breasts. Absent some benevolent whale voters, it seems most of us will be 'mining' with a CPU and competing against ASICs. I found it surprising that there is so much exceptional material posted where the authors have clearly invested substantial effort in producing meaningful, well written content... and earned only a few dollars or nothing at all. Yet a man smearing lipstick on his face was rewarded with thousands. Early days, but wow, it's surprising how the 'block rewards' are being allocated now that the public have been invited to 'mine'.

TL;DR: Appeal to Dan to provide guidance on where AGS/PTS/Brownies stand relative to Steemit. Steem Power is an investment this community should not pass up, but market is too thin to trade into a meaningful position. Mining is possible but only worthwhile if you have nice breasts, funny videos or dophin/whale friends. Bitshares community members should have dolphin/whale friends, so we should 'mine' by contributing as we wait to find out where we stand with Dan.

Best post i've seen in a while  +5% that's pretty much how I feel.

I like the new platform, but still feel left out due to that ags issue. No ags > no graphene > no steemit. Feels like "pulling an Oculus Rift" tbh.

My main issue with this is that I used to trust the team, now I'm not sure if the BitShares platform will end up benefiting from this someday, if the original team still has an interest and passion for BitShares, if they will one day go back and work on it like they did in the past, etc. It's that uncertainty that I don't like.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 18, 2016, 06:14:12 pm
I like the new platform, but still feel left out due to that ags issue. No ags > no graphene > no steemit.

This statement is completely false.
All AGS was able to do is get to BitShares 0.9.3c, with Vote, DNS, Play, and Muse all sucking wind looking for funding.  Yet to this day AGS holders are still gaining vesting BTS shares.

The Cryptonomex team spent a whole year developing Graphene on its own sweat equity .  Yet, still gave it all away to the community to enable BitShares 2.0 - reengineered from the ground up.

Then we spun off Steemit with new players and their new sweat equity building on Graphene but nothing that was originally funded by PTS/AGS/BTS.

Now Cryptonomex is working to do even more for this community with even more resources that do not come from BTS, AGS, or PTS.

I don't know what it takes to earn trust around here, but I am not impressed with the entitlement attitudes that imply we can never do enough.

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: lil_jay890 on July 18, 2016, 06:36:18 pm
I like the new platform, but still feel left out due to that ags issue. No ags > no graphene > no steemit.

This statement is completely false.
All AGS was able to do is get to BitShares 0.9.3c, with Vote, DNS, Play, and Muse all sucking wind looking for funding.  Yet to this day AGS holders are still gaining vesting BTS shares.

The Cryptonomex team spent a whole year developing Graphene on its own sweat equity .  Yet, still gave it all away to the community.

Then we spun off Steemit with new players and their new sweat equity building on Graphene but nothing that was originally funded by PTS/AGS/BTS.

Now Cryptonomex is working to do even more for this community with even more resources that do not come from BTS, AGS, or PTS.

I don't know what it takes to earn trust around here, but I am not impressed with the entitlement attitudes that imply we can never do enough.

How about delivering something to the BTS community instead of just "new investment opportunities".  I think everyone here has had enough of buying the next best thing (AGS/PTS/DNS/Brownies/BTS0.9/BTS2/Steem).

There were constant pump posts to buy bts based on "summer announcements" that never came to fruition.  Investors here feel like they were promised business development, but when everything fell through Bytemaster just jumped ship to a new platform.  It didn't help that he promoted doing sharedrops and abandoned this on the first new chain that he created.

You are saying CNX is doing things behind the scenes, but that has been the story for the last year... Nothing has been seen or delivered other than 2.0 itself.  This would all be cleared up if CNX created a worker proposal for a collateralized bond market or maker taker.   
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 18, 2016, 07:02:42 pm
I like the new platform, but still feel left out due to that ags issue. No ags > no graphene > no steemit.

This statement is completely false.
All AGS was able to do is get to BitShares 0.9.3c, with Vote, DNS, Play, and Muse all sucking wind looking for funding.  Yet to this day AGS holders are still gaining vesting BTS shares.

The Cryptonomex team spent a whole year developing Graphene on its own sweat equity .  Yet, still gave it all away to the community.

Then we spun off Steemit with new players and their new sweat equity building on Graphene but nothing that was originally funded by PTS/AGS/BTS.

Now Cryptonomex is working to do even more for this community with even more resources that do not come from BTS, AGS, or PTS.

I don't know what it takes to earn trust around here, but I am not impressed with the entitlement attitudes that imply we can never do enough.

How about delivering something to the BTS community instead of just "new investment opportunities".  I think everyone here has had enough of buying the next best thing (AGS/PTS/DNS/Brownies/BTS0.9/BTS2/Steem).

There were constant pump posts to buy bts based on "summer announcements" that never came to fruition.  Investors here feel like they were promised business development, but when everything fell through Bytemaster just jumped ship to a new platform.  It didn't help that he promoted doing sharedrops and abandoned this on the first new chain that he created.

You are saying CNX is doing things behind the scenes, but that has been the story for the last year... Nothing has been seen or delivered other than 2.0 itself.  This would all be cleared up if CNX created a worker proposal for a collateralized bond market or maker taker.

...and that's why I no longer publish details about what we are working on.  90% of all leads fail.  I tried sharing this stuff with you but all I got were posts like this.    Now you'll just have to wait and be surprised.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: lil_jay890 on July 18, 2016, 07:13:19 pm
I like the new platform, but still feel left out due to that ags issue. No ags > no graphene > no steemit.

This statement is completely false.
All AGS was able to do is get to BitShares 0.9.3c, with Vote, DNS, Play, and Muse all sucking wind looking for funding.  Yet to this day AGS holders are still gaining vesting BTS shares.

The Cryptonomex team spent a whole year developing Graphene on its own sweat equity .  Yet, still gave it all away to the community.

Then we spun off Steemit with new players and their new sweat equity building on Graphene but nothing that was originally funded by PTS/AGS/BTS.

Now Cryptonomex is working to do even more for this community with even more resources that do not come from BTS, AGS, or PTS.

I don't know what it takes to earn trust around here, but I am not impressed with the entitlement attitudes that imply we can never do enough.

How about delivering something to the BTS community instead of just "new investment opportunities".  I think everyone here has had enough of buying the next best thing (AGS/PTS/DNS/Brownies/BTS0.9/BTS2/Steem).

There were constant pump posts to buy bts based on "summer announcements" that never came to fruition.  Investors here feel like they were promised business development, but when everything fell through Bytemaster just jumped ship to a new platform.  It didn't help that he promoted doing sharedrops and abandoned this on the first new chain that he created.

You are saying CNX is doing things behind the scenes, but that has been the story for the last year... Nothing has been seen or delivered other than 2.0 itself.  This would all be cleared up if CNX created a worker proposal for a collateralized bond market or maker taker.

...and that's why I no longer publish details about what we are working on.  90% of all leads fail.  I tried sharing this stuff with you but all I got were posts like this.    Now you'll just have to wait and be surprised.

Then why did you even ask what it takes to earn trust around here?

I'm guessing you knew what the answer would be.  Why not comment on the idea of doing a worker proposal?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: lil_jay890 on July 18, 2016, 07:28:01 pm
And the main reason people don't trust CNX is that they took bitshares from a market cap of $100 million down to $7 million under their leadership.  That's a really easy way to piss off investors.  Having the "leader" (which Dan said his New Years resolution was to become a better leader for BTS) bail after cutting the market cap by 90% and inflating the supply all while alienating the Chinese community probably didn't help either.

It's really not that difficult to see why so many here have lost faith in CNX.  But like I said, if CNX actually delivers something the perception might all change.  It's a "what have you done for me lately" world.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 18, 2016, 08:18:01 pm
I like the new platform, but still feel left out due to that ags issue. No ags > no graphene > no steemit.

This statement is completely false.
All AGS was able to do is get to BitShares 0.9.3c, with Vote, DNS, Play, and Muse all sucking wind looking for funding.  Yet to this day AGS holders are still gaining vesting BTS shares.

The Cryptonomex team spent a whole year developing Graphene on its own sweat equity .  Yet, still gave it all away to the community.

Then we spun off Steemit with new players and their new sweat equity building on Graphene but nothing that was originally funded by PTS/AGS/BTS.

Now Cryptonomex is working to do even more for this community with even more resources that do not come from BTS, AGS, or PTS.

I don't know what it takes to earn trust around here, but I am not impressed with the entitlement attitudes that imply we can never do enough.

How about delivering something to the BTS community instead of just "new investment opportunities".  I think everyone here has had enough of buying the next best thing (AGS/PTS/DNS/Brownies/BTS0.9/BTS2/Steem).

There were constant pump posts to buy bts based on "summer announcements" that never came to fruition.  Investors here feel like they were promised business development, but when everything fell through Bytemaster just jumped ship to a new platform.  It didn't help that he promoted doing sharedrops and abandoned this on the first new chain that he created.

You are saying CNX is doing things behind the scenes, but that has been the story for the last year... Nothing has been seen or delivered other than 2.0 itself.  This would all be cleared up if CNX created a worker proposal for a collateralized bond market or maker taker.

...and that's why I no longer publish details about what we are working on.  90% of all leads fail.  I tried sharing this stuff with you but all I got were posts like this.    Now you'll just have to wait and be surprised.

Then why did you even ask what it takes to earn trust around here?

I'm guessing you knew what the answer would be.  Why not comment on the idea of doing a worker proposal?

It was a rhetorical question.

Proposals are based in part on what resources are available to work on them.
Resources are hired based on the availability of stable funding.
A constant battle over who controls the funding light switch means no one dares hire against any line item.
So the resources remain allocated elsewhere

:)

Besides, there is more than one way to skin a cat.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: lil_jay890 on July 18, 2016, 08:30:43 pm
I like the new platform, but still feel left out due to that ags issue. No ags > no graphene > no steemit.

This statement is completely false.
All AGS was able to do is get to BitShares 0.9.3c, with Vote, DNS, Play, and Muse all sucking wind looking for funding.  Yet to this day AGS holders are still gaining vesting BTS shares.

The Cryptonomex team spent a whole year developing Graphene on its own sweat equity .  Yet, still gave it all away to the community.

Then we spun off Steemit with new players and their new sweat equity building on Graphene but nothing that was originally funded by PTS/AGS/BTS.

Now Cryptonomex is working to do even more for this community with even more resources that do not come from BTS, AGS, or PTS.

I don't know what it takes to earn trust around here, but I am not impressed with the entitlement attitudes that imply we can never do enough.

How about delivering something to the BTS community instead of just "new investment opportunities".  I think everyone here has had enough of buying the next best thing (AGS/PTS/DNS/Brownies/BTS0.9/BTS2/Steem).

There were constant pump posts to buy bts based on "summer announcements" that never came to fruition.  Investors here feel like they were promised business development, but when everything fell through Bytemaster just jumped ship to a new platform.  It didn't help that he promoted doing sharedrops and abandoned this on the first new chain that he created.

You are saying CNX is doing things behind the scenes, but that has been the story for the last year... Nothing has been seen or delivered other than 2.0 itself.  This would all be cleared up if CNX created a worker proposal for a collateralized bond market or maker taker.

...and that's why I no longer publish details about what we are working on.  90% of all leads fail.  I tried sharing this stuff with you but all I got were posts like this.    Now you'll just have to wait and be surprised.

Then why did you even ask what it takes to earn trust around here?

I'm guessing you knew what the answer would be.  Why not comment on the idea of doing a worker proposal?

Proposals are based in part on what resources are available to work on them.
Resources are hired based on the availability of stable funding.
A constant battle over who controls the funding light switch means no one dares hire against any line item.
So the resources remain allocated elsewhere

:)

That excuse was already addressed by me in that thread.  A CNX proposal has never even been created.  You will have a valid argument if you create a proposal, get voted in, then get voted out.  Until then, your argument above isn't valid.

Xeroc is the largest proxy and could pretty much vote in any proposal he wanted.  I'm sure you wouldn't have to worry about stable funding.

The problem i'm seeing with CNX ability in gaining trust is their "it's not our fault" attitude.  You guys designed and managed the system for years... you take all the credit for the success's but try to deflect any of the problems. 

"A good leader takes a little more than his share of the blame, a little less than his share of the credit." --Arnold Glasow
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Stan on July 18, 2016, 09:03:06 pm
And the main reason people don't trust CNX is that they took bitshares from a market cap of $100 million down to $7 million under their leadership.  That's a really easy way to piss off investors.  Having the "leader" (which Dan said his New Years resolution was to become a better leader for BTS) bail after cutting the market cap by 90% and inflating the supply all while alienating the Chinese community probably didn't help either.

It's really not that difficult to see why so many here have lost faith in CNX.  But like I said, if CNX actually delivers something the perception might all change.  It's a "what have you done for me lately" world.

Nobody is asking anyone to trust CNX.  It's been a one-way street for the past 18 months with CNX always on the giving end.  We won't be asking for anything from anyone for the foreseeable future.

During that whole time BitShares has been unleashed and not subject to any centralized leadership.

It took Dan completely breaking off engagement to get the community to take responsibility for itself.  Very pleased to see people stepping up.  Apparently that wouldn't happen if everyone was still deferring to Dan for leadership.  We'll have to be careful that what we hope to do "this summer" doesn't reverse any of that very gratifying progress.

Lest we forget, this has always been the plan, since many months before even PTS was launched on Guy Fawkes Day, 2013...as i reiterated nearly 18 months ago:

The Origin of BitShares
Part 10
BitShares Unleashed


In this industry, talk often turns to the virtues of decentralization.  This usually means distributed software, but we have aimed to decentralize the BitShares industry as well. And for good reasons!  What good is decentralized software if someone can attack the human organization that maintains it? How do we actually achieve the word “Autonomous” in the DAC acronym anyway?
 
Now that BitShares has become the world’s first self-funding DAC,
that vision is within reach.

Those who have been with us since the beginning will remember we emphasized that a critical stage in the life of a DAC would be when it is able to become unleashed from its developers.  Only then would it be truly emancipated and autonomous …even sovereign.  Barely sixteen months ago, we said it this way when we unveiled our the concept of a Decentralized Autonomous Company (DAC) in a LetsTalkBitcoin.com article entitled:

Bitcoin and the Three Laws of Robotics (http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics/):

(http://i.gyazo.com/224a44800b4d4aa6a0e79b0d17426146.png)

Quote
Ultimately, to achieve complete incorruptibility,
developers must be willing to let go of their own control. 
If there remains any centralized human control anywhere,
it will eventually be exploited to the detriment of the DAC’s stakeholders. 
DACs need to be free to be trusted.

We think we have now come close to achieving this vision.
 
BitShares will be the first fully automatic company.
It will employ humans, not the other way around.

BitShares will still have human owners; it will still serve human customers; and it will still hire human staff; but it will be managed by independent software agents that cannot be corrupted, seduced or coerced. Because it can be trusted in ways that manned companies cannot, it will be able to serve its owners and customers more reliably than any manned company you may still be inclined to trust.

So, as long planned, we have set BitShares free - releasing it into the wild!

Invictus Innovations Incorporated (I3) has ceased operations in the crypto currency space to ensure that there remains no central control over BitShares of any kind.  For a while, the corporation will continue to exist as a legal entity to handle any future regulatory inquiry, tax audits, or other government duties associated with its past existence.   But BitShares will no longer depend upon Invictus for anything.

Invictus has delivered BitShares to its owners as a self-funding, self-maintaining, self-promoting product.

(https://gallery.mailchimp.com/ac6976e87d9e9f0eac4bbf19c/images/83a6e0f6-c80b-46bf-9d8d-0a7bdc2b30c3.png)

Having accomplished that mission, Invictus can quietly ride off into the sunset in search of Satoshi Nakamoto.

Meanwhile BitShares, DAC (not BitShares, Inc.) has already begun hiring its own support, development, and promotional contractors. Most of us who have been employed by Invictus Innovations have sought employment directly with BitShares.   We have been hired by our own software!  And up to 101 delegate-based contractor slots are now open for other new talent of all kinds.

Whether we are familiar old-timers or newly arriving talent, each of us will have to make our case to the community of BitShares holders. They will make all hiring decisions. Based upon the indicated preferences of those voters on the blockchain, BitShares, DAC will automatically hire and pay the top 101 vote getters.  This will make elected delegates very competitive, responsive, open and transparent – since those same voters can just as easily fire us… in about ten seconds.

So now you are caught up.  The Vision first laid out in Bitcoin and the Three Laws of Robotics (http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics/) has been, at least partly, achieved.  There is still much work to do to grow BitShares, DAC into a Fortune 100 Unmanned Company. But the whole world can work on it together...and the path forward is clear.   

Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: oldman on July 19, 2016, 06:10:25 am
Thank you to those with positive feedback on my post, greatly appreciated and I think we are all feeling a bit disenchanted with how things have progressed over the past three months.

I am going to give credit where it's due though - CNX did a substantial amount of work for BTS on their own dime. Now we can speculate till the cows come home about who benefited from their sweat equity, but I'm also going to ask that we stop beating up on each other until we know where we stand with Dan. It's wasted time and effort all around.

In the interim I'm going to try and coat tail BTS on Steemit's market cap and need everyone's help to do it. Please see my proposal here:

https://bitsharestalk.org/index.php/topic,22864.msg296565.html#msg296565

Basically I hope will be enough capital via blogging to bump BTS cap and increase DEX liquidity to get Bitshares over the hump. First post is up and I'm asking everyone here to head over to the dark side an upvote/comment:

(http://i64.tinypic.com/xm0gzp.jpg)





Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: mint chocolate chip on July 19, 2016, 06:49:35 pm
Added to Poloniex...7/19
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: prophetx on July 20, 2016, 01:56:13 am
Thank you to those with positive feedback on my post, greatly appreciated and I think we are all feeling a bit disenchanted with how things have progressed over the past three months.

I am going to give credit where it's due though - CNX did a substantial amount of work for BTS on their own dime. Now we can speculate till the cows come home about who benefited from their sweat equity, but I'm also going to ask that we stop beating up on each other until we know where we stand with Dan. It's wasted time and effort all around.

In the interim I'm going to try and coat tail BTS on Steemit's market cap and need everyone's help to do it. Please see my proposal here:

https://bitsharestalk.org/index.php/topic,22864.msg296565.html#msg296565

Basically I hope will be enough capital via blogging to bump BTS cap and increase DEX liquidity to get Bitshares over the hump. First post is up and I'm asking everyone here to head over to the dark side an upvote/comment:

(http://i64.tinypic.com/xm0gzp.jpg)

link to steemit doesnt work btw

does anyone understand how steem dollars work?  just the other day it was worth 2.5X of 1 dollar value in btc on Polo, I thought perhaps it was just polo speculators but then the volume exceeded 1000+ btc in 24 hours... so thought it would function like bitUSD... kind of strange.

https://steemit.com/steemit/@decrypt/analysis-theories-for-why-steem-backed-dollars-cost-more-than-usd1
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: oldman on July 20, 2016, 04:19:18 am
Thank you to those with positive feedback on my post, greatly appreciated and I think we are all feeling a bit disenchanted with how things have progressed over the past three months.

I am going to give credit where it's due though - CNX did a substantial amount of work for BTS on their own dime. Now we can speculate till the cows come home about who benefited from their sweat equity, but I'm also going to ask that we stop beating up on each other until we know where we stand with Dan. It's wasted time and effort all around.

In the interim I'm going to try and coat tail BTS on Steemit's market cap and need everyone's help to do it. Please see my proposal here:

https://bitsharestalk.org/index.php/topic,22864.msg296565.html#msg296565

Basically I hope will be enough capital via blogging to bump BTS cap and increase DEX liquidity to get Bitshares over the hump. First post is up and I'm asking everyone here to head over to the dark side an upvote/comment:

(http://i64.tinypic.com/xm0gzp.jpg)

link to steemit doesnt work btw

does anyone understand how steem dollars work?  just the other day it was worth 2.5X of 1 dollar value in btc on Polo, I thought perhaps it was just polo speculators but then the volume exceeded 1000+ btc in 24 hours... so thought it would function like bitUSD... kind of strange.

https://steemit.com/steemit/@decrypt/analysis-theories-for-why-steem-backed-dollars-cost-more-than-usd1

Yes, my forum user name and Steemit account name are not playing nice.

I have been watching Polo too and have no idea what is going on. Steem Dollars are bitUSD with interest, so maybe it's just a complete hot mess to take a position?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: prophetx on July 20, 2016, 06:09:41 am
i didn't think they were the same bitUSD that is on the Bitshares network.  i think they are sort of a copy of bitUSD using Steem as collateral (I guess).

They do pay interest as you point out. 

In any case the volume is pretty high.

it's crazy though how crypto money just flows to the next cool project as soon as one turns out to be a bit of a turd (the DAO hack).  someone mentioned to me Steem a couple months back, and we saw it used for articles for some bounties we have for a project.  The day i started actually researching it it popped 150% lol. 

Still no one has answered me about the licensing?

Wasn't the contract that all future chains using the BTS code had to give back 10%?  Or was that not formally enshrined in the "open source" license? 

As a bts holder of course i'm disappointed that the team couldn't stay together and capitalize, however as someone that works on projects, I was always greedy about getting my hands on that graphene tech ;)

someone needs to make an instastreem... integrate with siacoin and storj so people can get paid for posting photos and silly videos.... i've got loads of girls here in ibiza with 15k+ followers and they don't get paid squat :)
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: prophetx on July 20, 2016, 02:20:32 pm
btw anyone know the answer to how to withdraw SBD from polo so i can buy some on the decentralized market?  i'm trying to see how the arbitrage is working, but i haven't used bitshares in ages and i dont know how the address/memo stuff works

https://steemit.com/steemit/@decrypt/how-do-i-send-steem-or-sbd-from-poloniex-to-steemit

i'm getting 2 conflicting accounts from commentators, if there is some BTS dev that actually knows for sure, it would be create before I accidentally throw away another $10...

or is there a separate forum for steem that i can get support?
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: dritz3r on July 20, 2016, 04:29:08 pm
btw anyone know the answer to how to withdraw SBD from polo so i can buy some on the decentralized market?  i'm trying to see how the arbitrage is working, but i haven't used bitshares in ages and i dont know how the address/memo stuff works

https://steemit.com/steemit/@decrypt/how-do-i-send-steem-or-sbd-from-poloniex-to-steemit

i'm getting 2 conflicting accounts from commentators, if there is some BTS dev that actually knows for sure, it would be create before I accidentally throw away another $10...

or is there a separate forum for steem that i can get support?

You don't need memo to withdraw SBD to Steemit. Just your username. When you are transferring funds to Poloniex then you need memo but it is easy to find under deposit instructions.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: prophetx on July 21, 2016, 12:01:09 pm
btw anyone know the answer to how to withdraw SBD from polo so i can buy some on the decentralized market?  i'm trying to see how the arbitrage is working, but i haven't used bitshares in ages and i dont know how the address/memo stuff works

https://steemit.com/steemit/@decrypt/how-do-i-send-steem-or-sbd-from-poloniex-to-steemit

i'm getting 2 conflicting accounts from commentators, if there is some BTS dev that actually knows for sure, it would be create before I accidentally throw away another $10...

or is there a separate forum for steem that i can get support?

You don't need memo to withdraw SBD to Steemit. Just your username. When you are transferring funds to Poloniex then you need memo but it is easy to find under deposit instructions.

thanks, yea i finally got the right answer.  i had not used bitshares in ages so i had forgotten how it worked.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: dritz3r on July 26, 2016, 05:14:50 pm
I created real Steemit billboard and came here for a little upvote love.

https://steemit.com/steem/@sir/first-advertising-billboard-for-steemit-is-ready-in-croatia-video


Thank you.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: dritz3r on July 27, 2016, 12:19:42 pm
I created real Steemit billboard and came here for a little upvote love.

https://steemit.com/steem/@sir/first-advertising-billboard-for-steemit-is-ready-in-croatia-video


Thank you.

I'm delighted with the support. I was just surprised. Thank you very much [member=6]Stan[/member] [member=120]xeroc[/member] . You're not a little Steemians, and yet with 40 votes I got  $5. This means that creating a local (Croatian) community on Steem would be very difficult if not impossible.
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: networker on July 27, 2016, 12:24:11 pm
I highly recommend everyone look into Steem.  It has a lot of promise and is worth your time.
[/quote
No one will believe you since you sell all of your bitshares and abandon the BTS  community. ]
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: Shentist on August 01, 2016, 09:47:07 pm
The sharedrop was promised by Invictus company .

And STEEM is run by STEEM company .

So . it's ok not to drop on it .

I have to say this is a very strange response from someone who's been around as long as you have. Steem/Steemit/Steemit Inc. is running on code and talent developed for Bitshares. Dan's pitch, and the reason so many invested in PTS/AGS, was that the code base could be used to bootstrap an entire ecosystem of blockchain based projects. Investors would fund development of the initial code base and in return would receive a share in future projects.

The world is a harsh place and I would expect some to profit by abusing the 'social contract' upon which investment in PTS/AGS was premised via any number of schemes (ie. we changed the name on the sign and are no longer on the hook) but to be completely honest the lead dev is the last person I would have expected to do this sort of thing.

Those of us that invested in Dan's vision in the early days did so because his vision was sheer genius - design a generic platform which could be used by others to build an entire economy of block chain based businesses. By funding the creation of the generic platform investors could share in the success of the businesses that were built on top of it.

Steem/Steemit/Steemit Inc. seems to be the first profitable (?) realization of Dan's vision and hot damn, it's hard to believe the Bitshares folks are being left to hang.

Yes, BTS seems to be seeing some buying of late. Yes, the 'select few' that followed Dan are enjoying an influx of capital. All good things. But the social contract that was supposed to transcend the legal/political/corporate fuckery that defines the current state of the world seems to have been shat upon.

Say it ain't so! I've held my investment through brief highs and long, long lows because I believe Bitshares has real potential to level the playing field, globally. Hopefully Dan is having his Skywalker moment of doubt and is dabbling in the dark side.

It ain't so. Do some research. There are innumerable people still working on BitShares, and many of the people working on Steem are also very active in BitShares. If Steem had not been invented, BitShares would have ground to a halt because their were no development funds, and some of the devs NEED TO EAT, and NEED TO FEED THEIR CHILDREN.

There are some very "entitled" people in BitShares who think they are owed something beyond what had been produced by the time development funds ran out (and further funding through dilution - a very common business practice, as in new funding rounds - could not get the required votes).

And look at BitShares Munich, one of the leading sources of BitShares development now.  It has brought in thousands of dollars of bitshares development funds for itself BY POSTING ABOUT IT ON STEEMIT.COM and getting upvoted there (when it couldn't raise enough funding by selling its OPENPOS asset on the DEX).

The ignorance sometimes displayed in this forum is stifling.

thanks for your view of an "inside
r".

Aren't you the guy who took month after month of pay from the blockchain to fund his own bitshares-related business startup? And then shut it down?

Yours is the type of ignorance that I am talking about. And your constant negativity and bitterness are not only stifling, but counterproductive.

true, and the opensourced codebase is here: https://github.com/wildbunny/metaexchange
the community paid for this and for this reason the codebase is opensource.
but, why has my personal opinion something to do with this?


[member=11399]oldman[/member]

thanks for your post, you said what i would like to said if my english would be better

[member=5]bytemaster[/member]

good to see you have success. But you will not erase your past, good luck to look into the mirror!
Title: Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
Post by: MarsResident on August 05, 2016, 11:14:53 pm
https://steemit.com/steem/[member=42771]MarsResident[/member]/vote-for-steem