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Topics - fractalnode

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General Discussion / A proposal for a new look at the governance model
« on: August 27, 2020, 08:41:31 pm »
"Governance powered by engagement"

A.) Vision

I believe the best intentions and the best vision have people who actively build BitShares and people who actively use it. These people should have the greatest influence on how BitShares develops in the future. In other words, you must have "skin in the game" or "dirty hands". Outsiders won't have any influence on our platform until they naturally deserve it. Too often I have heard criticism and advice from people who don't even know how it works, or hardly ever use it.
Traders are basically customers, each company must listen to its customers and in order to grow.
Another group are those who build this "framework", that is programmers and gateways. We can measure the effectiveness of programmers by accepting their projects (i.e. accepting a vision for further development)
We can also measure the effectiveness of the gates by the number of customers they have (turnover on their tokens). I would exclude all the rest as an uninvolved or even dangerous group → CEX, ~ Justin Sun, Custodial Wallets

B.) We have the following problems to solve and we all know examples of where they occur:

1) Preventing CEX exchanges from voting, as well as other wallets holding other people's tokens
2) Hostile takeover by purchasing large amounts of tokens and attempting to forcefully change the existing community
3) buying votes
4) manipulating other people's opinions by providing incomplete information

C.) Proposal to solve the problem.

1) The right to vote gives a separate token, eg VOTE
2) The VOTE token's voice strength decreases over time. Parameters for discussion.
3) The VOTE token cannot be exchanged for other tokens or transferred to another account.
4.) 1 token = 1 vote
for all categories separately
- Witnesses
- Committee
- WP

D) The VOTE token is airdroped on the accounts in proportion to the costs incurred for only selected transaction fees.

a.) *trading fees
b.) fees incurred on WP if accepted by the community
c.) *issue asset (I mean the issue of eg GATEWAY.BTC in exchange for a deposit, to further strengthen the business, on tokens also approved by Committee)
d.) *feed price fee
e.) and maybe some other fee ....

*applies only to a specific list of tokens accepted by the committee

Notes on point "D"

Certainly, some fees, such as those incurred for a transfer, should be excluded because of the fact that CEX exchanges pay the most.
In addition, the remuneration received by people during the work on WP should be taken into account. It will certainly be difficult to calculate the appropriate factor, it should be high enough to appreciate this work, but also not to create hegemony. Some statistical analysis should be performed before such a conversion is applied.

E.) In fact, we do not want a lot of people to vote, we want people who have an opinion on a given topic or want to speak on a given matter to vote. Therefore, it could be done quite classically.

1.) New projects under WP are visible in the chain from the first day of the month and their maturity date is at the end of that month. There is a month for everyone to get to know the project and discuss it. There is no room for unexpected votes that no one knows about, as new WPs are always 1 day of the month.
2.) We always vote for or against.
3.) WP pass by most votes 50% +1 (or 2/3 for discussion)
4.) only LTM account can become proxy, as long as we want the proxy to still exist?

Notes on point "E"
I am not really sure if the proxy is a good idea. It kindles emotions of a political nature, and I don't know if it serves us well. We certainly want whoever is involved to vote, but not everyone has to. I guess this approach filters out a lot of random and manipulated votes and leaves only the ones that are really involved. Moreover, it does not exclude the impact on other people via social media who may want to imitate our votes and opinions, but it excludes the votes of people not involved in social media, or those with whom we do not have direct contact.

In this way, the number of voters will certainly be smaller, but for the same reason the discussion between them will certainly be of better quality.

The BTS / RUBLE market lost its seventh witness again yesterday.
RUBLE was one of the two markets, alongside EUR, which worked fine when CNY and USD were locked.
Many people still have open positions there.

I am asking witnesses to resume production of feed prices.
Alternatively, I am asking Committe members to reduce the minimum number of producers from 7 to 5-6 to resume the proper operation on this market.

Please coordinate activities on closed Telegram channels and take appropriate action asap.

Here is a list of 6 witnesses currently supporting this market, 1 is missing.


Hi guys.

I started to write a short message for a telegram, but the content increased so much that this forum post came out.

English is not my mother tongue, try to read my thoughts between lines ^^

What happens with a Force Settlement Delay of <=24h can be compared to "ignition advance angle"
in our engine this angle is zero or it is near zero
the engine is not running
for the engine to start, the following scenario must occur:

1) Force Settlement Delay must arouse *uncertainty as to whether it will be profitable or not and whether or not it would be better to buy from the market at a slightly higher price.

* Force Settlement is not a speculative tool, or at least it should not be. FS is a tool that sets the real price of an asset at the end of the day (or like a final judgment).

2) higher price on DEX, causes the appearance of DEX-CEX arbitration, even the manual one, because arbitration at DEXbot is still not ready [facepalm] - probably due to problems with financing or whatever ...
Only this step will start to push the price on CEX. Because outsiders will not buy BTS based on news. It is only when the DEX price starts to rise regularly and people from outside join it slowly - they will be attracted by the formation on the chart of small but stable growth - then they start reading about - Who remembers new people on the telegram asking for beautiful organic growth? - I remember.

3) Loop in the form of a continuous hassle Force Settlement is like wheel slip in mud or on snow. This force should push us up, but it doesn't. To prevent this, we should change the delay periods in such a way that:

(-) 12h, 24h is for the time of market maturity, strong liquidity, bear market

(+) 34h, 42h, 48h, 55h at a time when the bull market wakes up, or when "the wheel is sliding".

In sum. The more bearish the market is, the lower the delay should be and vice versa. Today we should have at least 42h delay or more, in my opinion.

I also think that we should not touch such options as moving EMA, SMA for Settlement Offset, this should always be 1% as compensation, not fixed 3,5 or 8%

# auxiliary events are liquidity on DEX markets, e.g. to BTC, so that arbitration is possible at all. Besides, at this level of development we should have several dozen people using arbitration (DEX-CEX) with bots and several hundred people using bots on DEX. BitShares GUI and DEXBot should be like brother and sister to each other, and every single user should be aware that they can use their own bot on their own PC / Mac / Linux and even Android TV!

Please share your thoughts and comment

Technical Support / SmartCoin Settings
« on: May 24, 2017, 04:12:04 pm »
can someone elaborate on this two parameters?
Force settlement offset   1%
Max force settle vol   0.5%

And how far eg. 5000 CNY settlement will go?

Technical Support / I need more info about Bitshares Paper Wallet
« on: May 15, 2017, 09:22:17 am »

Could anyone resolve my doubts ?

here is Bitshares Paper Wallet:

I know that when You create user and password in paper wallet, you basically create a seed from which you create 3 pairs of keys - i understand that, but i do not understand this:

1. why in paper wallet key Active != Memo and in Light Wallet pair Active == Memo
2. if I create a paper wallet How can i send there my BTS?
User/ accout name could by allready in use, and It that way I can send BTS to someone else

I understand that I can import this two pair of priv keys (Active & Owner) to my existing account. But where I should send my BTS to one of the public keys? – this was possible in BTS 1st. gen but in 2nd I can't put public key in SEND "TO" field.

What holds BTS balance  – in accout id, accout name, on one of thes keys pairs?

I'm spinning around becouse I'm missing something here...

As the topic  :P

Technical Support / Import priv key (WIF) to new empty wallet
« on: March 07, 2017, 04:06:26 pm »
could someone please explain to me this wallet behavior
I've create new; clean user profile in Google Chrome
then I went to
I did not create a new account,
Instead I went to Settings > I've created new wallet & password
There is no account at this stage.
Then I went to Import/Export columnt
And there I was trying to import priv key (WIF) from one of my existing accounts but both OWNER and ACCTIVE without success
I've only seen spinning wheel
:D WAT I do wrong?

General Discussion / Creating Asset & BASE ASSET
« on: October 10, 2016, 11:49:31 pm »
Could someone explain me why we have this restriction?

General Discussion / Bitshares + Pokemon GO
« on: July 12, 2016, 08:04:09 pm »
Do we have any idea how to connect BTS and Pokemon GO?
Jane McGonigal apparently likes crypto.
First come first served

General Discussion / What is the daily cost of the loan bitUSD ?
« on: June 07, 2016, 05:17:36 pm »
I do not see anywhere information about the cost of the loan bitUSD, bitCOINY on DEX. Can someone explain to me how it is?

Informacje o #BitShares w języku polskim znajdziesz na:
Facebook [PL]:
Telegram [PL]:
Steemit [EN, PL]:

Other Languages / [Polish] Akcje i dywidendy
« on: February 15, 2016, 09:19:17 pm »
Informacje o #BitShares w języku polskim znajdziesz na:
Facebook [PL]:
Telegram [PL]:
Steemit [EN, PL]:

Other Languages / [Polish] DPoS -> Witness
« on: February 15, 2016, 09:13:57 pm »
Informacje o #BitShares w języku polskim znajdziesz na:
Facebook [PL]:
Telegram [PL]:
Steemit [EN, PL]:

Other Languages / [Polish] DPoS
« on: February 15, 2016, 09:12:02 pm »
Bardzo proszę o wyjaśnienie w kilku zdaniach jak działa DPoS
DPoS zmienił się w Witness

proszę usunąć wątek!

Technical Support / Balance does not show anything
« on: June 16, 2015, 09:52:51 pm »
Balance does not show anything
The transaction, however, are
Help :|

is this is the right command to type :
wallet_set_transaction_scanning true


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