Reserved

I'm up for it, I'm in the UK

Looks great! A few niggles I can think of though are when you google bitshares the site isn't in the first two pages of results and if you google bitshares.org the preview must be a pretty old index as it still mentions the 5% on every asset!

I think it would be helpful for investor confidence to layout under what conditions Bitshares XT will be rolled back to the February 28th snapshot.
Obviously you can't predict every possible outcome that could result in it needing to be rolled but maybe some clarification on what is considered minor and could be patched out and/or forked and what would be considered major would help.

So far I have read that a failure to honour the snapshot balances correctly would result in a restart, I would have thought that would be caught within the first few days.
A major flaw in the short-long match making also comes to mind (though I'm sure it will have already been thoroughly tested).
Does anything else spring to mind?

I also think I saw Bytemaster mention that they propose another snapshot should be taken of the Bitshares XT balances at the end of March (though that may have slipped now) provided it has made it successfully out of the first couple of weeks of testing.
I think I saw a 50/50 chance of a restart within the first week being mentioned somewhere too (bug dependant of course)? But please correct me if I'm wrong!

TL;DR?

What are some examples of the required conditions for the Bitshares XT network to be restarted?

The target is 0.5% per year but as you say it's variable depending on network demand. Dividends aren't paid out per say however. The number of coins you own is constant but whenever there is a transaction a small portion of it is destroyed as the transaction fee. The effect of these transaction fees is that your stake in the network increases as there are now less coins available so it's basically the same as a dividend, just without having to worry about sending a tiny fraction of a coin to each address in use which would rapidly become a large source of spam on the block chain, it's a lot cleaner this way.
As transaction fees are deducted in each block that coins are sent you effectly receive a dividend payment in each block.
I believe Bytemaster is going to have the wallet GUI display your balance as a % of the money supply rather then a number of bitshares, this way it is more apparent that your share is increasing with each block!

I might be wrong now but in the white paper there was a 5% deduction from coins which haven't been moved for a year, cold storage for a long period isn't ideal if that is still the case.

That's no moon. It's Bitshares!
Not Keyhotee related but still  :P

"This is the privacy you're looking for"
Though I'm not sure what image you'd have to photoshop for that!

It is probably worth noting this thread was started 6 days after launch when it was still viable to solo mine, not sure why it was trawled up tbh?

If you want to mine with nvidea cards you should be using cuda miner, more info here:
https://bitcointalk.org/index.php?topic=167229.0

I've never used cuda for mining though so I don't know how to set it up properly

As I understand it the shares will be issued to the wallet address they reside in at the time of the chain fork, so they'd still be stuck in the same address (which you import from your protocoin wallet).

Some members have talked about recovery services being offered to brute force wallets you've forgotten the phrase for, but I think the fees are quite high!

Thanks!

Quote from: bytemaster on November 18, 2013, 06:09:34 PM

Quote from: marauder on November 18, 2013, 06:07:29 PM
I was wandering, will the mining difficulty be getting reset (for bitshares) or will it be inherited from the PTS difficulty in the genesis block?

The initial difficulty for BitShares will be the same order of magnitude as PTS and will adjust continuously.

Probably the best way to do it to be honest, it will be interesting to see how the mining forces decide to move around, the community will end up splitting a little more each time a new chain is split off from protoshares, hopefully the growth will be high enough to overcome this/the difficulty won't kill the chain when miners move to different DACs!

I was wandering, will the mining difficulty be getting reset (for bitshares) or will it be inherited from the PTS difficulty in the genesis block?

I would be interested, depends how much it costs though and what sort of performance we would get!

Hey, you can try solo mining though at the moment the difficulty is a bit too high unless you have a serious setup. I would advise you to join one of the mining pools, they pay out proportionally to the number of collisions per minute you generate!