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Messages - legendface66

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If I may raise my hand let's be a bit more meticulous here,

Bitsappire has just uncovered a major flaw in the incentive structure that maintains the security of the Bitshares network: there is a threshold below which there is not sufficient value at stake for a holder to expend the cognitive work of voting. This threshold is different for everybody for whom it's value is not zero or infinite. That is to say that some people will vote with the dust in their wallet and some will never vote in spite of very significant investment. Bear in mind however that (last time I checked) voting must only occur once and is valid until the voted for delegate ceases operation. So the minimum "Value at Stake" threshold must only be exceeded once for the stake to become "Actively Voting Stake". "Passively Voting Stake" would be the kind held in the hypothetical wallet with default voting settings.

Let us say that the wallet appeals to a specific set of Bitshares users with a generally higher "Value at Stake" threshold for active voting to occur because the cognitive work is greater for them (new user).  They may also start with a lower stake (new user), putting them under their unique threshold. All stake held by these users will be "Passive Voting Stake" controlled by the developers of the Hypothetical wallet - not cool.

Whether or not this presents a problem depends on the quantity of stake held by the wallet's user set, the average initial minimum "Value at Stake" threshold for that user set, the rate at which cognitive work diminishes due to familiarity with the platform, the rate at which the quantity of stake of the users in the set breaches the "Minimum Value at Stake" threshold and the compensatory behavior of the stake controlled by users outside that set. And probably a host of other things too but there is enough here to get confused about.

In the real world this is not a disaster because the "Value at Stake" threshold for veteran users is low due to lower cognitive work required and new users hold comparatively little stake.  People buy in with small amounts to play, explore and as part of that . . . vote. Speculators with strange behavior due to indifference to the platform generally hold their stake on exchanges and even many of them may vote. How many? We can't know but they are the only dark shape in the water. Bigger players can compensate for strange voting patterns by re-targeting the voting power of their stake and the community can shout down "Default Voting" wallets - as we've seen.

This presents an opportunity to study voting passivity that should not be squandered. I'd like to see The Moonstone wallet default target a single delegate that pays a charity of the forum community's choosing. This way we can begin to gather data on which to base an understanding of the voting behavior of the new wallets users rather than speculate about it.

Hope all that made sense.

General Discussion / Re: Strange transactions, missing funds
« on: November 21, 2014, 04:49:32 am »
they were replaced by trades it was just the movement of funds to a newly generated address. Duh. that's how TITAN works :-)

General Discussion / Re: Strange transactions, missing funds
« on: November 13, 2014, 10:32:32 am »
vikram's. I'd already used this method but it failed. I did use fewer generated addresses the first time. Thanks for the assist.

General Discussion / Re: Strange transactions, missing funds
« on: November 13, 2014, 10:16:41 am »

General Discussion / Re: Strange transactions, missing funds
« on: November 13, 2014, 08:32:33 am »
No funds yet but I'm assuming that the transactions to "unknown" represent part of some trades I've made and that the funds have returned to different keys. . .

Regenerated private keys, rescanned blockchain but no new transactons. the Keys must not have been generated. any advice? have I entered this correctly?

wallet_regenerate_keys legendface66 1000

General Discussion / Re: Strange transactions, missing funds
« on: November 13, 2014, 07:49:30 am »
Any ideas what the

>> wallet_regenerate_keys legendface66 1000


return indicates

General Discussion / Re: Strange transactions, missing funds
« on: November 13, 2014, 07:39:50 am »
I've been locked out for a really long time due to a bug. Having loaded a backup I found the funds missing. Also missing are the BitBTC and BitUSD transactions.

The obvious issue is my backup is older than the transactions and the funds can be found associated with more recently generated keys.

Glad I didn't rush in with the "My funds have been stolen!!!!" post

General Discussion / Re: Strange transactions, missing funds
« on: November 13, 2014, 07:21:18 am »
Yea, thanks Xeroc. I've only used on one computer and this one hasn't been compromised

General Discussion / Strange transactions, missing funds [resolved]
« on: November 13, 2014, 06:49:17 am »
I recently loaded Bitshares after a long period of disuse due to aberrant behavior and 350k are missing, transferred out in two seperate transactions. I'm also missing 2 BitBTC and about 200BitUSD

Can anyone offer advice or assistance?

Stakeholder Proposals / Re: Marketing repost - Beyond Bitcoin Sponsorship
« on: October 13, 2014, 04:50:45 am »
Well, I'm not going to argue with you

Stakeholder Proposals / Re: Marketing repost - Beyond Bitcoin Sponsorship
« on: October 13, 2014, 03:54:22 am »
Yea, that obviously did come of terse. I was not threatening anything, just pointing out that wallet services tend to take these sponsor slots. Too informal I guess.

The LTBCoin idea is great. It's distributed to the community in return for posting in the forums, commenting, producing articles and podcasts, working on the platform. Everyone is then incentivsed to bring value to the currency. I've been receiving rewards in LTBC for each episode produced but I haven't actually pursued sponsorship so I'm free riding right now.

There's no lock in it's just another currency with a distribution model that encourages community participation. It could be used for anything and has no limitations attached beyond the limits of belief in it's value.

Stakeholder Proposals / Re: Marketing repost - Beyond Bitcoin Sponsorship
« on: October 12, 2014, 02:32:41 am »
Who cares about the hijack, the purpose of this thread is fulfilled in the original post.

Yea, the original BB concept fills a necessary niche. It's difficult to balance purpose and productivity though. If you take as metrics of utility quality content and listener reach; BBX as at scale requires popularisation of the bitshares platform and the integration of other communities to achieve utility, something that lies outside of my time budget. Just maintaining a quality podcast absorbs all that I'm prepared to give, hence my total lack of community involvement these days.

on another note,
There is the unforeseen obligation to the LTB platform which, @gamey, you foresaw. It is a happily shouldered burden considering the genuine if small remuneration it offers and the tremendous reach.
I will always advocate Adam's approach because I believe in it. Although I don't totally agree with you gamey, he is more listener oriented and that allows me to be less so. Frankly I don't have the necessary skill for what he does.

and then,
Rough editing of the BBX hangouts is perfect. It's not listener oriented but still very listenable, unmissable actually; the best content around in my opinion. It can't be improved, because the interaction of the participants is balanced and productive in all instances. It's very democratic, something that can't be achieved with any other format.

Thanks for looking out for me @fuzznuts, and keep the platform firing. What happened to the new website? I'd happily start referring people to it and while we're at it host my podcast there, more content, and more reach. It's all about reach. Grab those ears and pour the message into them. If there's one thing Ive learned it's to avoid advocating and instead showcase quality through a neutral perspective. It's something I get better at all the time and it pays dividends in listenership.

if you guys have LTBC pool them and buy the slots, I'm obliged to support the token in this situation and as I'm remunerated in it, incentivised to stimulate velocity and demand. I can't offer you guys any special treatment, it would be unethical but this first hasn't been promoted in any way so it should be a value buy and the next will be a multi token auction where you can get three shows which should go cheap.

Paying for promotion sends a message of profitability. Can't mine? Start a delegate and advertise your service. I'd suggest that an inactive delegate advertise and in response the community vote it in, - prove that the marketing works. This is an opportunity to promote the platform you believe in that otherwise will probably be taken up by a Bitcoin wallet service. Which I will of course, promote the shit out of. Pardon my French.

This post is too long but the tldr; is market yourselves, become an active delegate, promote the platform . . .

and, um, pay me for the service because if you don't someone else will.

That all might have come off a bit terse, oh well we're here to win right?

Stakeholder Proposals / Re: Marketing repost - Beyond Bitcoin Sponsorship
« on: October 11, 2014, 10:42:11 pm »
@tonyk I just meant half an hour of actual labour. of course there are the confirmations to wait for.

Counterwallet and the counterparty ecosystem are not really comparable to BTSX at this stage. Two very different technologies with very different use cases. It would be nice to see the two inter operate if possible

Yea, the LTBN is really pushing the field forward, whether or not the content interests you the platform is worth exploring for the sheer novelty of their approach to community support and media publishing.

Stakeholder Proposals / Re: Marketing repost - Beyond Bitcoin Sponsorship
« on: October 11, 2014, 09:34:55 pm »
Haha yea, fair enough. Here's the deal . . .

Fuzz and I set out with a similar goal in mind - to build a media platform for popularising what has been going on in the Bitshares space. Fuzz purchased the domains and set up social media, I produced the podcast. Over time my focus became more platform agnostic and fuzz wanted to focus on promoting Bitshares. Eventually the project split and Beyond Bitcoin the podcast had too large a listener base to rebrand so we wound up with BB and BBX - forks sharing a genesis block you might say.

The beyond Bitcoin podcast is hosted on the Let's Talk Bitcoin Network and is part of its micro economy. The benefit is a massive pre-packaged listener base and a crypto-financial reward scheme that relies on sponsorship paid in LTBC - the platforms native reward currency built on counterparty - to bring value.

It's a really cool idea and yes, very confusing. The rub is I would like to promote delegates  because it's an interesting subject matter. However I have to remain neutral and bring value to the platform by driving demand for LTBC.

it's really more expensive in time than money to win one of these auctions but even then, setting up a counterparty wallet, funding it, purchasing a nominal amount of XCP and following that, LTBC - all of which can be done on the integrated exchange, shouldn't take half an hour.

Stakeholder Proposals / Marketing repost - Beyond Bitcoin Sponsorship
« on: October 11, 2014, 03:12:02 am »

Hi guys, I hope I'm familiar enough here that this isn't going to be mauled as a spam post.

I'm beginning to run sponsorship auctions for Beyond Bitcoin - the LTBN podcast I host which had it's humble beginnings right here on these forums. More than anything I'd like to use the ~one minute sponsorship slot as something more than an ad. One way I thought this could be achieved is by promoting delegates and other trusted parties which serve decentralised networks. In this way not only will the sponsor's service reaches 3000 - 23000 ears but the platform they serve will also receive attention and we get to promote these network curator positions as a profitable enterprise worthy of a marketing budget.

The cost to you and profit to me from sponsorship will be negligible but it enables me to bring value to a platform I have an obligation to support (LTBN), provide additional content, educate the public, and support your service and platform. (Yes, I'm talking about Bitshares delegates but keeping the speak neutral)

This is the only announcement of the auctions I will be making apart from the next Beyond Bitcoin episode. To participate just purchase LTBC and submit to the auction through

I post this here primarily for discussion as I will repost in DAC Delegates.


Arthur/Legend - whichever you prefer

Listener Stats:


Sponsorship Calendar:

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