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Topics - Frodo

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General Discussion / MaidSafe up 45%

« on: July 05, 2015, 07:27:51 pm »

So MaidSafeCoin just gained nearly 45% according to cmc.

Their last blog post suggests that they are coming closer to a usable release. But I'm not following the project very closely so that is just a guess, maybe wishful thinking

Meanwhile BTS price isn't doing so well, despite a slight Bitcoin up-trend.

What do you guys think? Can anyone make sense of that weird crypto market?

Random Discussion / DragonBox Pyra

« on: May 11, 2015, 08:50:48 pm »

So I recently found this: http://www.pyra-handheld.com/index.html

The Pyra is handheld ARM based PC that runs linux. It will be the size of a Nintendo DS has a full keyboard, gaming controls (digital and analog), 720p touchscreen etc. The primary use case seems to be emulating games but it is obviously not limited to that as it runs a full linux. It can also output via HDMI and be used as desktop replacement.

To me that looks like a very cool little device and I would definitely like to own one

I had the thought that the target audience of the Pyra might actually be quite similar to BitShares early adopters. Tech savy open source loving guys who seem to be very passionate about developing a unique product in an open, community driven fashion. So what if we offered them delegate positions if they decide to ship the device with a BitShares (light) wallet pre-installed. This would obviously be even easier with the referral system in place. Then again I know how much I hate bloatware so this could as well be a very bad idea.

What do you guys think, should we approach them? Should we wait for the refferal system to be in place?

Meta / Preview of recent posts

« on: January 14, 2015, 10:00:29 pm »

There was always a preview of recent posts at the bottom of the forum main page. Has that been removed permanently?

If so why?

Meta / Meta thread to keep track of important threads

« on: November 15, 2014, 06:47:26 pm »

As this forum is pretty active and not everybody has time to read through dozens of threads every day I was wondering if anybody would see value in some sort of meta thread. It would keep track of most important announcements, interesting discussions etc. If possible provide a TL;DR, shortly describe different camps or a reached consensus.

It will not be possible to do this in a completely objective way, but as it would be clearly labelled not official it might be just fine.

This is an idea that just came to my mind and I don't know if it is feasible. It might just get too extensive to be any help. Any opinions on this?

General Discussion / DAC dilution model proposal

« on: October 04, 2014, 04:01:31 pm »

One of the most discussed topics I have ever seen on this forum is the possible dilution of shares.
I've read dozens of posts and excellent points were made for both sides.
By now I came to the following conclusions:

1. Dilution is an extremely powerful tool to fund development for a DAC/ecosystem. It might not be needed today or tomorrow but to maintain and expand a billion dollar DAC some serious funds are needed.
2. As already stated above dilution might not be needed at all times. Therefore a variable rate is needed.
3. Why are many users (including me) so scared of dilution? IMO this is due to (seemingly) lacking predictability and controllability. That's why it must be priority
to build a transparent, not overly complex, system that guarantees long term predictability.

With this points in mind I would like to propose the following system:

1. Stake can vote on a dilution rate. (As I have no insight into the implementaion I don't know how this can be realized best. (Some set options, Int between 0 and 100 etc.))

2. Stake can vote independently of step 1 on business delegates. Business delegates have to publish details like requested pay per block and time period.

The system works like this:
The dilution rate is fixed for a certrain time interval e.g. one week. With begin of a new time period the dilution rate is adjusted. There are three possible events: either the rate goes up/down by a fixed percentage (e.g. 0.1%) or stays at its current value. All stake that voted on a rate below the current one implicitly votes for an decrease, analogous all stake that voted on a higher rate for an increase and the rest for an unchanged rate. The biggest of the three groups wins. This way the rate slowly tracks the median of the votes.

With the fixed dilution rate it can be calculated how much the network can pay at most to all business delegates together.
Now the business delegates get ranked by approval. This list is traversed starting with the highest approval. If the dilution rate is sufficient to fund the specific business delegate the requested pay per block will be executed and the remaining funds/dilution rate is calculated. If the requested payment is too high and thus the dilution rate would be exceeded the business delegate doesn't get funding. This is done until there is only a certain fraction of funding left (e.g. less then 10% of funds not used) or there are no business delegates left with an approval higher than X%. This has the effect that the real dilution rate is always a little bit smaller than the voted rate. This "buffer" is very important because slight fluctuations in (voted) delution rate don't result in business delegates getting fired.

Advantages:
1. Simple and transparent from a user standpoint.
2. Users can vote explicitly on a dilution rate without analyzing projects, delegates etc. This should ensure high participation.
3. Slow changes in dilution rate which leads to great predictability.
4. Higher payed business delegates tend to need higher approval to get voted in. This supports business delegates that don't have funding in advance for massive PR campaigns.

I guess implementing something like this would be rather complex but hopefully not impossible.
Any opinions?