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Topics - SpiritofJefferson

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Technical Support / Can't trade even though I have assets
« on: July 24, 2016, 04:34:20 pm »
I was trying to trade some OL assets and I ended up getting this error message:

itr->get_balance() >= -delta: Insufficient Balance: ted-jones's balance of 0.00548 BTS is less than required 0.14676 BTS

I thought you could use other assets for fees? If I'm wrong here do I try to buy more bts or will my lack of a balance be a problem buying more..? I really don't want to have to buy a few cents worth from outside the DEX. Anyway, thanks!

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Technical Support / Can't register
« on: May 04, 2016, 09:30:01 pm »
Hi, there's no steem forum to ask this so I'm asking here. I am having a lot of trouble signing up. I entered my facebook in but it says I can't register twice.. But when I try to log in, it says my account doesn't exist. No idea what's going on but I wanted to buy some and participate. What should I do?

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     This community is amazing in the sense that we really have a say in what goes on, and we can actually impact the direction and development of our coin. This is a revolutionary feature, but the question we must always remind ourselves to ask is, can we do better?

     I've been doing a lot of thinking on futarchy and how it might look if we applied it to the blockchain. We could have the shareholders vote for proposals like they do now, but we could also apportion part of the daily budget to funding proposals above/under certain vote thresholds. The proposals would each have a corresponding prediction market, and each would have yes and no tokens. If you think the bitshares price will go up as a result of this proposal, buy a yes token, but if you think there are other better projects to focus on at the moment, buy a no token. The market with the highest price difference where yes > no wins, and the yes holders profit (or if they're wrong, the no holders profit). This lets someone bet on what feature will profit bitshares the most and put their money where their mouth is. It would also help us to prioritize our worker proposals, and would even be great for liquidity.

     Everyone talks about voter participation being a problem, but if we have a market incentive for people to make smart decisions, we don't have to worry about it as much anymore. The voters would still be able to impact what is considered and would have control over the committee. The prediction market would also draw a lot of liquidity and likely profit bitshares just through the trading fees. It would also get people to use the wallet, which may even get them to trade in other markets. We already have a prediction market feature, and I think if this idea is already halfway built we should really look into doing this. We could even just test this out and run some prediction markets alongside our current governance so we can potentially come to a more informed decision.

     I do see an issue where we'd be locked into funding the project (since the markets need to have a decision made), but we could maybe set a certain veto percentage to stop the funding if we needed to. Just an off the top fix; I honestly have no idea if this is the best way to do it. We may have some more pressing issues to deal with at the moment but I think we should seriously consider this for a future proposal if it is indeed possible. @bytemaster might there be any downsides to doing this, and how difficult would this be to implement? I have a sneaking suspicion it would still be very difficult even with the prediction market operational. I'm a terrible programmer so I'm not even gonna try to do this myself :P. Anyway, I'm just curious as to what the community thinks.

P.S. Vitalik has a blog post on the subject and you can google the creator of futarchy to watch some videos or read his paper on it. His name is Robin Hanson. Just for some reference on the subject.

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Technical Support / Web socket api
« on: October 13, 2015, 05:45:45 pm »
I downloaded bitshares 2 but all I see is "Application initialization issues". Below that it says connection status not connected. Should I add a new web socket api? If so what should I type? I'm on a mac. Thanks

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General Discussion / On-blockchain credit system Ideas
« on: August 25, 2015, 05:30:29 pm »
I don't really post anything but I like to read the posts on here every day. So, for my first post I have a few thoughts I'd like to share on what new features we could create proposals for when DPOS 2.0 comes out.  I came across these businesses who's concepts I thought would be perfect for bitshares. The first seems relatively simple to do because everyone personally knows each other. This is puddle, a microcredit system based entirely on trust between friends.  If we could create a proposal for some sort of on-blockchain p2p credit system like this, it would be great for bitshares adoption.  To go along with the "uber for everything" trend in journalism, we would no doubt become the uber of finance.
https://www.puddle.com

This one seems to be using ripple as a platform with bitcoin as an option.  They are trying to create a decentralized credit union which is an interesting concept I'm going to be following.  It seems similar to the way puddle works but with integration of existing institutions (with ripple) and credit scores so it would be much larger than a group of friends. Harder to integrate but they are creating it for blockchains so I thought I would mention it.
http://moneycircles.com

Just some thoughts on what we might want to propose when DPOS 2.0 comes out.  I realize we probably have many other aspects that are more in need of immediate attention, but I would love to see a similar feature implemented into bitshares.  It would allow the community to open up capital to each other, borrowing and lending to fund more development of businesses in our ecosystem and much more. I think we can do much better than ripple in this area for obvious reasons (collateralized assets, profitability, paying workers via blockchain, etc. etc.). Any thoughts?

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