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Messages - santaclause102

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346
Stakeholder Proposals / Re: Business development delegate
« on: July 24, 2015, 11:04:14 pm »
Great example of the buddy system (two individuals doing one delegate) working as it should! Thanks Thom!

347
I think it is safe to say the fee should never be more than 10% of the value transferred, but must be at least a min amount and at most a max amount. 

$10 for max fee.  $0.01 for min fee and 0.5% otherwise.

That would make it $0.50 to transfer $100. 


Sent from my iPhone using Tapatalk
How do you come to the conclusion that it needs an upper limit?
I would probably also suggest an upper limit but I would just go by the rule: As expensive as possible while still being cheaper then centralized exchanges / competitors today. BM said that something like that too on mumble a while ago. I wonder why % based fees where not part of the solution.

348
I dont agree with the percentages, I think the % fee should decrease more drastically with higher volume as very high volume traders have extremely low fees.

But overall I really like this approach  +5%
The actual numbers where just an arbitrary example...

349
Technical Support / Re: Syncing issues
« on: July 24, 2015, 09:03:40 pm »
thanks deludo. I ll try  to delete everything other the wallet and chain and see how it goes..
Attention: MAKE SURE you actually back up the wallet and the password you use to access the wallet, meaning safing it on a USB stick or something like that! If you do something like delete everything but and then restart the client it could be overwritten, all depending on what you do exactly! So make sure you have safed the two things somewhere else!

350
If the assumption is that (1) we want to keep fees as low as possible so to not deter anybody from using bitshares and (2) we want to maximize revenue (earn as much as possible from tx fees), I would argue that adopting a % based fee is the superior strategy.

Let's say we have 2 transactions tx where we overall want to maximize (1) and (2): Transaction (a) is transferring 1$ and transaction (b) is transferring 1 million $.

-> With a flat fee structure of let's say (simplified) 40 cents per tx we we would deter the users from transaction (a) and we would only earn 40 cents in total from the two transactions.

-> With a % based fee structure, let's say (decreasing % with increasing volume) it would be 10% (should be close to the networks actual costs the lower the volume gets) at 1 $ and 0.01 % at 1 million USD. The network would then earn 10 cents + 100 $.

Summary: A % based fee structure would help to bring the tx fees closer to the perceived value BitShares provides.

351
Technical Support / Re: Syncing issues
« on: July 24, 2015, 06:30:34 pm »
it appears completely stuck every time. Like the wallet doesn't work. The command line doesn't respond and the exchange doesn't appear. I think that the solution would be to delete something in the appfile but I don't want to delete something that will make things worst.
There are three things worth saving before you delete anything:
1. The "wallet" folder and / or (at best both for security) a wallet backup (go to File -> Export Wallet)
2. The password with which you open the wallet
3. Not important for security but for convinience: The "chain" folder. You can bring it back after a new install and so you don't have to download the blockchain again.

In your case I would backup these three things and then erase the app folder (or rename it, then you can rerename it in case you messed up with the backup) and uninstall bitshares and install it again. Then before running it replace the chain folder and either replace the wallet folder or import the backed up wallet (json file) in the client (File-> Import backup).

352
Technical Support / Re: Syncing issues
« on: July 24, 2015, 05:24:18 pm »
hello beautiful people,

My transactions scanning history is stuck at 0% once I am fully synched. What can I do? I have opened and restarted 10 times..

Thanks
Might be the solution or not but make sure that the lougout timeout (user, advanced, preferences) is set to 999999 / very high. With me transaction scanning alsways begins at 0 again after having been logged out.

the "info" command also tells you whether it makes any progress at all. check the "walle_scan_progess" line.

353
Beyond Bitcoin [closed] / Re: Mumble not working
« on: July 24, 2015, 04:05:27 pm »
any ports that need to be open for mumble or something?
the weird thing is that it used to work perfectly a year ago.
Try with a different username
I tried with a few different names

354
Beyond Bitcoin [closed] / Re: Mumble not working
« on: July 24, 2015, 02:48:25 pm »
any ports that need to be open for mumble or something?
the weird thing is that it used to work perfectly a year ago.

355
Beyond Bitcoin [closed] / Mumble not working
« on: July 24, 2015, 01:45:40 pm »
can't access the mumble server. mumble says the server password (i used "w0rldCh@NG3rsUN!t3") is wrong. I also reinstalled mumble. That happened to me often which is why I rarely attend mumble (besides being busy sometimes). Did anyone have the same problems?
edit: more specifically the error msg is: wrong server password for unregistered users.

356
Technical Support / Re: Questions on BitAssets in 2.0
« on: July 24, 2015, 01:33:26 pm »
There is only one type of collateral per bitasset.   But different bit assets can have anything as collateral.  The issuer picks the collateral type when the symbol is registered. 


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That sounds like it only applies to private bitassets. Or does it also apply to bitassets where witnesses provide the feeds?

357
General Discussion / Re: Non-Bitcoinian Geometry
« on: July 24, 2015, 09:50:04 am »
As I reminded other people before , mining is not 100% waste .

The biggest promotion for bitcoin come from mining machine producers and big miners .

The deep market depth for bitcoin come from mining machine producers and big miners , because they want to sustain the mining business for a long time and actually care if bitcoin lives or dies , for the simple reason that they've invested too much equipment and investment in it .

For machine producers and big miners , if Bitcoin dies , they will suffer great lost . so they have more incentive to keep bitcoin alive . For delegates of bitshares . if BTS dies , they will simply lose a job .

So , what do you think big miners would do ? Promote bitcoin , sustain the market depth ....... At least that's how it works with the big ones .

I know big miners would take out a bank loan to avoid selling Bitcoin at a very disturbing price , would BTS delegates do that ? I highly doubt it .

Without mining , there will be zero those "resource" for bitcoin to begin with .

You can watch the market depth of Doge coin , it's 10 times deeper than BTS , especially since the "merge mining " thing with LTC . Because now LTC miners has incentive to sustain Doge coin as part of their business . This is a perfect example of how mining created a " interest group" that makes the coin harder to die . Of course , ,it has to be the right group . XPM miners can't do that .

So I think the one thing that BTS is lack of right now , is a interest group --------- A group with great power/resources , and would suffer enormous lost if BTS fails or its price drops , and they can't simply say "oops , I can find another job at ....." or "oops , I can sell BTS and buy other coins ".   What do we have to offer such a group ? That's what we should think about more .
Good points!!   +5%

The interest group interested in the success of Bitshares are BTS holders. They also can't just sell their stake in BTS if they are big enough and the market is too illiquid like right now. This interest group (compared to miners) doesn't have to continuously exhaust resources but still has an interest in Bitshares. But you bring up some excellent points. You might be interested in this discussion: https://bitsharestalk.org/index.php/topic,17696.0.html

@Stan
Quote
If we sacrifice broad token distributions, we can gain support from powerful investors and partners who are motivated by owning a bigger than average stake.
How would that apply to Bitshares??

358
Technical Support / Re: Questions on BitAssets in 2.0
« on: July 24, 2015, 08:06:35 am »
Quote
Quote
2. In addition to liquidity assets that may serve as collateral also differ in how volatile they are. How is that taken into account and who decides how much it is taken into account?
Afaik there is a maintenance collateral which serves as a minimum amount ..
Makes sense. My point was though that a highly volatile assets would require more collateral than a not so volatile asset.

359
Technical Support / Re: Password worked yesterday not today
« on: July 23, 2015, 11:41:21 pm »
Update: I have replaced the wallet folder again with the wallet folder I backed up month ago. Here my password works again. A solution might be to change the password of the wallet but "File" -> "change password" is grey.
Depending on which version you used to do the backup, it may be that the only way to resolve this is to install BitShares in version 0.5.3
https://github.com/bitshares/bitshares/releases/tag/bts%2F0.5.3
import the wallet there, and update the client to 0.9.2 again ..

There is a bug reporting that some backups may not work for newer version .. these bugs can be prevented by importing in a older version ..

maybe move the "chains" folder somewhere else when doing the downgrade so that you don't need to download the chain again after upgrade
I downloaded https://github.com/bitshares/bitshares/releases/download/bts%2F0.5.3/bitshares-0.5.3-linux-x86_64.tar.gz which let's me start the bitshares_client right away (no compiling needed). I successfully imported the wallet (passphrase worked). Do I now need to rescan or replay the blockchain or right away update it to 0.9.2?
I didn't yet fully understand how to update to 0.9.2. Does it also work with the tar.gz file like above or do I need to compile it?
Note: there is only "1 connection to the p2p network". Is that an issue?

360
Technical Support / Questions on BitAssets in 2.0
« on: July 23, 2015, 10:44:12 pm »
I have a few questions:

I heard BM say that BitAssets can be backed by anything (I assume Bitassets and UIA).

0. Is that officially documented? I didn't find it here https://bitshares.org/technology/price-stable-cryptocurrencies/

1. Does the price calculation of an assets that serves as collateral take liquidity of the assets at a certain price into account? It might be that liquidity is very low where asks and bids meet but high further down one side of the order book. Who decides how much volume / liquidity is sufficient for an asset to servce as collateral?

2. In addition to liquidity assets that may serve as collateral also differ in how volatile they are. How is that taken into account and who decides how much it is taken into account?

2. Does the "any asset can serve as collateral" only apply to private Bitassets?



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