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Topics - triox

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Stakeholder Proposals / Witness triox-delegate atonement

« on: January 13, 2016, 06:20:42 pm »

Sorry guys, I dropped the ball. Didn't expect to be voted back and didn't update in time, which resulted in missing 85 blocks.

It looks like some other witnesses had a similar problem, but to our defense: the forum's subscribe function is broken and we were depending on it to receive version updates.

That won't happen again. I'm now subscribed directly through github, fully updated and ready to serve the network - if that is the wish of the shareholders.

General Discussion / The Bitshares ecosystem provides a magical user experience

« on: April 06, 2015, 01:30:17 pm »

Guys, among all the bitching and moaning on this forum, I just wanted to share my Bitshares experience lately.

The Bitshares experience is so quick and easy that I find myself NOT using Bitcoin anymore. For example, I used to buy every Humble Bundle for Bitcoin and thought that it was easy and fast, but lately having to launch and sync that monstrosity (Bitcoin Core client) made me not want to do that. I don't trust any other wallets and syncing alone takes several hours.

Then suddenly I realized that I can spend BitUSD using Shapeshift! It took like two minutes and I spent like 10.30 BitUSD for a $10 game.

Then today I wanted to buy some factoids (factom presale tokens). I registered on koinify and instead of launching and shuffling my BTC around (witch would again take half a day) I decided to try Metaexchange. To my surprise it was even faster and easier than shapeshift! I made the transfer in the Bitshares client and BOOM the koinify page immediately says 'Congratulations, you've got yourself some factoids'.

Shuffling my assets around on the internal exchange has been a blast too. If BitBTC had any liquidity I'd happily convert most of my BTC to it.

I also just reactivated my Neteller account and the Net+ mastercard and loaded it with some BitUSD via shapeshift lens and after 7 days I will be able to take it out from any ATM for free! (not available in the US though). BitUSD really is like having an untouchable bank account in the cloud without having to worry about all the price nonsense. It's secure and accessible and you can spend it wherever Bitcoin is accepted. Pro poker players, dark market vendors, entrepreneurs in unfavorable jurisdictions, investors in unjust tax jurisdictions... Thinking how many people are DESPERATE for this product just makes my head explode.

General Discussion / [Rough Idea] Introduce 5% delegate rotation

« on: March 17, 2015, 09:32:02 pm »

I don't know if this is technically feasible, but here's the rough idea:

Every round, five random delegates are temporarily dropped and substituted with five random candidates from the top (say) 1000, for the duration of the round.
The next round they're of course reinstated, the temporary five are dropped back to standby and there's another draw.
This way the 101 "real" delegates are still signing 95% of blocks, while everyone in the next 900 has a chance to sign a block every couple of days.

This has several worthwhile effects:
1) allows standby delegates to prove themselves to potential voters
2) shuts up the anti-bts argument that we "only" have 100 validating nodes. Now we have a thousand! (for a price of 101)
3) allows more people to participate and invest themselves emotionally into the project
4) gives more weight to smaller stakes; incentivises voter participation
5) makes the theoretical 51 delegate attack slightly harder (attacker now needs to compromise 56 delegates)
6) makes a DOS attack an order of magnitude harder

Thoughts?

General Discussion / La`Zooz and the "Proof of Movement"?

« on: January 29, 2015, 11:51:11 am »

Does anyone have any opinion on the
http://lazooz.org/
http://lazooz.org/wiki/index.php?title=Main_Page
with their Proof of Movement?

They're running a "presale" with a minimum $2500 buy-in
http://lazooz.org/pre-sale/
I was wondering if it's worth getting into.

Stakeholder Proposals / New 3% Delegate triox-delegate is out. Please, vote.

« on: January 14, 2015, 12:09:31 pm »

Hi guys!

In response to Bytemaster's call for more individual delegates (on last week's community hangout) I've launched a 3% delegate 'triox-delegate'.
http://bitsharesblocks.com/delegates/delegate?name=triox-delegate

I'm located in Poland and the delegate resides in Azure Northern Europe (Ireland). I believe it's important to have delegates dispersed in many jurisdictions and datacenters.

Setting it up was a typical Linux administrative work, which is to say it was a living nightmare

I can see why marketers and creative people are reluctant to start delegates. When this delegate is voted in I will be happy to help out or set one up for somebody.

General Discussion / Some advice from a convert.

« on: September 11, 2014, 10:06:47 pm »

While the community awaits the big "marketing push", I think I can add some perspective, as I believe I AM your target customer. At this stage Bitshares-X is a niche product that should target mainly long time BTC holders. If you can't capture them how can you ever dream of acquiring the mainstream attention?

I've been slowly accumulating BTC since mid 2011 and used to be venomously anti altcoins, including all the "2.0 nonsense".
I'm still 96% BTC, but here's what made me start diversifying into BTSX, NXT and ETH and some others (BTSX is the first thing that I put more than 1 BTC in):

Stephen Reed's points about Bitcoin's wastefulness and how much marketing and development could be done with a different coin generation method.
Dan Larimer's interview, where he outlined the "economic insanity" of Proof of Work.
Realization that my interests are no longer aligned with miners'. Those couple hundred people centralized in a handful of pools are diluting my stake, for what? There's still 11 mil coins to be mined and NO chance that I will ever be able to increase my share of the market. Fuck inflation and fuck the fake industry that feeds off of it.
It took me a while, but I only recently realized that I might as well hold some of my BTC in BitBTC and earn interest.

The only thing that's preventing me from pulling the trigger and going, say, 10% BTSX and BitBTC is uncertainty over development and bugs. I'm not 100% sure if my BTC will be completely safe in a BTSX container or if rules for BTSX won't change. If Bytemaster can suddenly introduce such fundamental change as interest on BitAssets, then the whole thing seems to hang too much on a whim of one person. This adds uncomfortable unpredictability.

The important thing right now is to just get the Bitcoiners to tip their toes in your ecosystem. You won't get them to suddenly dump their BTC, but you absolutely can get them to diversify into your offerings. A little at first, and more when confidence in your system grows.

So here's my recommendation:
Buy ads on /r/Bitcoin etc. that says
Earn interest on your Bitcoin,
or
Did you know Bitcoin looses $Billion a year?
or
Ten seconds block times, trustless BTC, USD, Gold trading
and lands to a Bitshares-X page geared specifically towards BTC holders.

Buy native advertising on CoinDesk and other crypto media outlets.

Stop wasting money trying to acquire traffic from people interested in buying Bitcoin for the first time. They barely "get" Bitcoin, don't think you can make them understand even deeper levels of abstraction.