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Topics - santaclause102

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1
General Discussion / Witness pay framework
« on: April 29, 2017, 07:36:53 pm »
There seems to be consensus that discussing witness pay every two month is no long term solution. The only way out is a general framework that automatically adjusts witness pay according to BTS market cap changes. So here is my suggestion. I am looking forward to your feedback on it.

The building blocks (with my rough estimates):
A) Amount of work in hours per month and witness: 5
B) Hourly rate for witness work: 60 USD
C) Hardware and network expenses per month and witness: 100 USD
-> A * B + C = 5*70+100 = 400 USD / month and witness

-> Overpaying witnesses 2x to increase their loyalty -> 400*2 = 800 USD / month and witness. Rather than going lower here I would rather have less witnesses. As fav pointed out the quality (responsiveness in case of a fork for example, quality price feeds, not missing blocks) of witnesses is much more important than their number.

Adaptation algorithm: Delta witness pay = Delta BTS market cap * 0.1. This means that if BTS market cap for example increases 100% witness pay increases 10%.

If we reach Bitcoin market cap (~20 bn) that would be 45,000 USD per month per witness and 900,000 USD of security costs for the whole BTS network per month if there are 20 witnesses.

If you are a witness please report how many hours of dedicated witness work you put in monthly and for what specifically. Also, as a witness, what hourly rate do you think is adequate? What hardware/network costs do you have and for what specs? 

2
Deutsch (German) / Übersetzung eines Artikels über Apptrade
« on: February 21, 2017, 08:28:21 pm »
Ich habe für Ronny (Openledger) folgenden Artikel ins Deutsche übersetzt: http://bravenewcoin.com/news/no-app-is-an-island/

Smartphones sind ein integraler Bestandteil unseres Alltags geworden, sei es um die eignen Finanzen mobil zu verwalten oder diverse Onlinemedien zu konsumieren. Statista schätzt [LINK: https://www.statista.com/statistics/330695/number-of-smartphone-users-worldwide/%20http://www.prb.org/Publications/Datasheets/2016/2016-world-population-data-sheet.aspx], dass mehr als zwei Milliarden Menschen, also ein Viertel der Weltbevölkerung, Smartphone-Nutzer sind und sagt vorher, dass diese Zahl auf 2.8 Milliarden im Jahre 2020 steigen wird.

Mit diesem Wachstum der Smartphone-Nutzer wächst auch deren Nutzung von Smartphone Apps. Es wird geschätzt [LINK: https://www.statista.com/statistics/269025/worldwide-mobile-app-revenue-forecast/], dass die "Mobile App Industrie"  2016 weltweit einen Umsatz von 88 Milliarden US Dollar  generiert hat und, dass sicher dieser Umsatz bis 2020 auf 188 Milliarden U.S. Dollar erhöhen wird. Der meiste Umsatz wird hierbei durch "In-App Käufe", Werbung und dem Sammeln von Big Data gemacht.

"Die seit einem Jahrzehnt existierende App Industrie hat, zusammen mit dem Aufstieg des Smartphones, ein explosives Wachstum erfahren. Smartphones haben die Software Industrie revolutioniert und gelten als die sich am schnellsten verbreitende Technologie der Zivilisationsgeschichte." -  The App Association

Trotz der Größe dieser Industrie, ist es schwer hier Fuß zu fassen. Im ersten Quartal 2016 wurden 94% des Umsatzes in den U.S. App Stores von einem Prozent der gewinnorientierten Publisher gemacht.

"Ungefähr 1.34 Milliarden U.S. Dollar der geschätzten 1.43 Milliarden U.S. Dollar, die an Gewinn in Q1 erziehlt wurden gingen an 623 publishers," so [LINK: https://sensortower.com/blog/app-store-one-percent] Sensor Tower, ein Marktforschungsunternehmen für die Mobile App Industrie. "Die verbleibenden sechs Prozent - ungefähr 85.8$ - verteilen sich auf 61,677 weitere Publisher deren Apps gekauft werden müssen oder sich durch In-App-Käufe finanzieren."

Laut der Vserv.mob Umfrage [LINK: http://www.fiercewireless.com/developer/vserv-survey-82-developers-struggle-monetization] ist für 82 Prozent der Spiele und App Entwicklungsunternehmen die Monetarisierung die größte Herausforderung. Zudem verdienen 100 Prozent der Entwickler, die nur eine einzige App anbieten, weniger als 1000$ pro Monat.

Daniel Pineda is einer von vielen, die eine App veröffentlicht und die Frustration der schwierigen App-Vermarktung erlebt haben. "Seither war ich besessen die Frage zu beantworten, unter welchen Umständen eine App viral geht", so Pineda.

Daniel Pineda, der Gründer von Apptrade ist dann auf den Business to Business Markt für digitale Güter gestoßen, auf dem Entwickler "Apps kaufen und mit Gewinn wieder verkaufen" so wie Sponsoren dies auch mit Immobilien tun. "Wir haben erkannt, dass kleine App Publisher oft nicht die Ressourcen haben, um die eigene App erfolgreich weiterzuentwickeln. Wir haben beobachtet, wie Entwickler Portfolios, einschließlich aller Rechte, an Käufer mit mehr Ressourcen verkaufen statt einer Lizenz für die fertige App."

"Einige meiner Kollegen und Ich haben gelernt, dass die Vermarktung von Apps und das Fundraising einem gnadenlosen Wettbewerb unterliegt" - Daniel Pineda, Apptrade Gründer.

Apptrade [LINK: https://www.apptrade.io/] ist ein Marktplatz, der es erlaubt, Gewinne zu teilen und als "Kickstarter auf einer Blockchain" bezeichnet wurde. Anstatt nur ein Projekt zu unterstützen, können Apptrade Nutzer eine Gruppe von Apps unterstützen.  Im Gegenzug zahlt die Gruppe der App-Entwickler einen Teil ihrer Gewinne in einen digitalen Gemeinschaftstopf. Die Apptrade Nutzer erhalten Gewinnbeteiligungstokens, um an den Gewinnen aus dem Gemeinschaftstopf zu profitieren. Diese Tokens sind auf dem Openledger DEX ("decentralized exchange") handelbar.

Openledger [LINK: https://www.openledger.info/], geleitet von Ronny Boesing, ist eine peer-to-peer Platform, die im Oktober 2015 gegründet wurde und auf Graphene Technologie basiert. Graphene wurde von Cryptonomex Inc [LINK: http://cryptonomex.com/], einem unabhängigen Blockchain-Entwicklungs-Unternehmen, das von den Entwicklern der BitShares [LINK: http://bitshares.org/] blockchain gegründet wurde, entwickelt.

Auch bekannt als "The Decentralized Exchange (DEX)", fungiert die Openledger Platform als Grundlage für einen dezentralen Mischkonzern, d.h. ein Ökosystem aus sich ergänzenden Unternehmen.

Apptrade hilft Publishern und Entwicklern ihr Risiko zu teilen und bietet cross-marketing und ein gemeinschaftliches Finanzierungsmodell durch App-Portfolios. App Entwickler können Kapital durch die Emmision digitaler Blockchain Tokens, die deren Halter an den Gewinnen der Apps beteiligen,  als Gruppe einwerben. "App portfolios geben Sponsoren die Möglichkeit ihr Risiko auf eine Reihe verschiedener digitaler Güter zu verteilen ohne diese besitzen zu müssen", erklärt Pineda.

Ein Apptrade  Portfolio wird durch digitale Tokens repräsentiert, die auf dem Openledger DEX bzw. auf der BitShares blockchain erstellt werden, insofern der Openledger DEX  die BitShares Blockchain nutzt. Diese digitalen Tokens berechtigen an der Gewinnausschüttung des jeweiligen App Portfolios teilzuhaben. Boesing erklärt, dass "Apptrade Nutzer diese Tokens auf dem OpenLedger DEX mit anderen Markteilnehmern direkt handeln können ohne auf einen Mittelsmann angewiesen zu sein. Man kann den Wert der Tokens mit Hilfe von Fiat Gateways abheben oder gegen andere "market pegged assets" traden, die eine weitere Errungenschaft der OpenLedger Handelsplattform darstellen. "

"Apptrade sorgt sowohl für das Marketing als auch für die Finanzierung. Um eine Finanzierung zu erhalten legen Portfolios ihre künftigen Profite zusammen und schaffen ein gemeinsames Marketingbudget. Die Innovation liegt in dem gemeinsamen Gewinnausschüttungspool in den sich Sponsoren auf einem dezentralen Exchange einkaufen können".  — Pineda

Apptrade nutzt eine öffentliche Blockchain, so dass alle Transaktionen von jedem verifiziert werden können. Alle Marktbewegungen sind öffentlich. "Das gleiche kann man nicht über Marktteilnehmer von Aktienmärkten sagen", so Boesing.

Portfolios werden von den App Entwickler verwaltet. Sie können abstimmen mit welchen anderen Apps sie sich zusammenschließen wollen. Sponsoren, die Gewinnrechte-Tokens halten, haben auch die Möglichkeit ihre Stimme abzugeben und haben gegebenenfalls Interesse daran die Eigentumsrechte an einer App zu erlangen, die aus dem Portfolio heraussticht.

"Apptrade's Spezialisten für die App Industrie, werden mit Portfolio Sponsoren und Publishern zusammenarbeiten, um Apps nach Qualität und Potential zu begutachten," erklärt Boesing. "Wenn ein Entwickler überzeugt ist eine Sammlung digitaler Güter zu haben, die ein eigenes Portfolio rechtfertigt, stehen wir dem offen gegenüber".

Boesing sieht in den Portfolios eine bessere Möglichkeit eine Reihe von Apps zu testen ehe man sich als Sponsor auf eine Akquisition festlegt. "Eine öffentliche Datenbank zu haben, deren Transaktionen nachvollziehbar sind, erhöht das Vertrauen unter ansonsten im Wettbewerb stehenden Interessen. Jeder Entwickler kann nachvollziehen, ob die anderen Apps innerhalb des Portfolios sich an die Regeln des Portfolios halten und einen Anteil ihrer Gewinne in den Portfoliopool zahlen."

"Der Wert unsere App Portfolio Tokens hat das Potential im Wert zu explodieren ohne signifikante Nutzerzahlen. Sollte irgendeine App innerhalb unseres 2 Jahres Abkommens viral gehen und ihre monatliche Gewinnausschüttung an den Gewinnpool erhöhen, könnte das ganze Portfolio einen großen Aktivitätsschub erfahren. Plötzlich könnte ein unbekanntes Portfolio Token sehr viel Wert werden für eine Gruppe von Leute, die sich nicht kennen." --- Pineda.

Apptrade wird am 28.2 durch den Verkauf eines Master tokens Kapital einsammeln, was für diejengen von Interesse sein könnte, die einen Anteil am Ganzen des Kuchens haben wollen. Denn jedes Portfolio legt 10% der Liquiditätsreserve beiseite, um damit den master token (APPX) zu stützen. Jedes Portfolio wird seine eigene Reserve verwalten.

Auch wenn Apptrade keine Wertpiere oder Beiteiligungen mit Hilfe einer Blockchain verkauft, ist die Nutzung von Blockchain Technologie im Kontext von Wertpapieren und Aktienmärkten ein wachsender Trend geworden. Die Koreanische Börse (KRX) hat KSM gegründet [LINK: http://bravenewcoin.com/news/korean-stock-exchange-launches-blockchain-based-startup-market/] - eine blockchainbasierte Börse auf der Anteile an Startups gehandelt werden können.

Vor kurzem hat die Equibit Development Corporation eine Plattform lanciert [LINK: http://bravenewcoin.com/news/equibit-building-a-decentalised-securities-platform/], die Blockchain Anwendungen bereitstellen und das Problem Wertpapiere zu emmittieren und abzuwickeln lösen soll. Innerhalb des ersten Tags der Finanzierungsrunde hat das in Kanada ansässige Unternehmen 250,000$ durch den Verkauf von Equibit, dem Token, der der Plattform zu Grunde liegt eingesammelt.

3
By locking up an asset, making it impossible to increase the quantity of the asset, it would be possible for an artist or any producer of a physical or digital good to prevent counter-fitting of their work. For digital assets (e.g. digital art) this in addition would allow to make it rare.

How would it work?
For every item (e.g. a diamond) the real world producer creates he/she also creates a UIA. The producer would sell his diamond along with the IUA. The first buyer (buyer-1) now has the diamond and the IUA. A secondary buyer could request the transfer of the IUA if he/she buys the diamond from buyer-1 in order to proof to anyone (police, further buyers, insurance companies) that the diamond has not been stolen. This could reduce the prospects of stealing in order to sell it again to zero given the good is valuable enough for the producer to issue an IUA and send it to the buyer. 
 
Now if the item is not a diamond but a piece of digital art (e.g. http://rarepepedirectory.com/) that piece of digital art can be copied like anything digital can be. The difference to how digital art works today is that the ownership wouldn't have to be enforced through the judicial system which doesn't work anyway for the most part so that ownership of digital art is not viable in practice. Instead, ownership of digital art would be determined by how costly it is to take it away from the owner which is the same principle that organizes our perception of what legitimate ownership of non digital art is.
I am curious to see how this could be expanded to digital goods in general like music, documents etc. But I don't see how it would apply to digital goods in general that derive their value from their utility and not from their rarity like digital art.

Counterparty on which the above rarepepe assets are issued allows to lock assets, http://counterparty.io/docs/protocol_specification/

Two companies also catering to this use case:
For diamonds: https://www.everledger.io/
For art: https://www.ascribe.io

4
I agree most of the ICOs are way overpriced but nobody is forcing anyone to buy in and everyone should do their own due dilligence.

I think it would be better for the ICO to be done in OPEN.BTC for 2 reasons.
1.) ronny makes more money on OPEN.BTC trades (0.2%)
2.) BTC is a well understood liquid market

But at the end of the day its up to ronny to do whatever he likes.

We can't blame free market traders for BTS price not going up.
The argument wasn't that it is a moral problem. Rather I hoped to stimulate a discussion that may help to align incentives. Surely no one is to blame, but the Bitshares product should be constructed in a way that doesn't allow a situation where it's users harm the product.   

You can ask a simple question: Will more people carry BTS to external exchanges where the bts:btc price is made in order to sell them in case of an overpriced ICO? The following conditions have to be met for the answer to be Yes:
- Those who sell their ICO.token for BTS have to be overall more wiling to sell for BTS or fiat than those who bought the ICO.token with their BTS. 
- The most liquid/cheapest option to get out of the BTS ecosystem is to sell BTS for BTC on an external exchange no matter whether the ICO is initially sold for Open.BTC on the DEX.

On the other side if the ICO token is underpriced after the ICO and the most liquid/cheapest way to buy the ICO token is to acquire BTS on an external exchange in order to then buy the ICO token on the DEX, it creates BTS buy pressure.   

I haven't seen any flaw pointed out in this argument. I 'm looking forward to be proven wrong.

Encouraging Ronny to do ICOs with price discovery (no set market cap) would only be an intermediate cure since anyone could offer ICO / IUA tokens with a set high market cap - so also he isn't to blame, he should do whatever is best for his business.
The solution is relatively simple in general - assuming the issue of overpriced ICOs: The most liquid way out of the BTS ecosystem should not involve BTS, instead it should be Open.USD:USD or Open.BTC:BTC or BitUSD:USD and so on. In the long run when BTS is a mature exchange with liquidity that can compete with centralized exchanges, this may be more likely.
A side chain would be a solution too so that it would be possible to trade directly ICO.token:BTC. Another, more likely, solution would be if the Open.BTC:BTC or the Open.USD:BTC markets on external exchanges would be more liquid than BTS:BTC. The latter case would profit from an incentive to keep BTS of external exchanges - I'm not up to date on the options here.

5
The "Try out" button on bitshares.org should be replaced by a selection of front ends (Openleader, freedompledger, dacplay, are there others?). This would increase competition for stability and usability. Also people would stop confusing OL with Bitshares. Who is maintaining bitshares.org? [member=224]cass[/member] ?

6
Technical Support / Easy (?) UI fix to increase voting participation
« on: February 27, 2016, 07:49:51 pm »
What about showing a list of witnesses in the voting section one can vote for instead of having to manually lock them all up and add them to my list? Could that be easily implemented?

7
Technical Support / Migration Questions
« on: February 21, 2016, 08:50:42 pm »
I absolutely need 0.93c to import my 0.x keys in a 2.x wallet right?

Then, are there linux binaries for 0.93c? 

8
General Discussion / Marketing: Keep to our principles and style
« on: February 20, 2016, 02:41:55 am »
I am having a late night party here and have watched some of this:
https://www.youtube.com/watch?v=StMBdBfwn8c&feature=youtu.be
https://www.youtube.com/watch?v=bBlAVeVFWFM

I also listened to this mumble hangout http://bitsharesnews.info/post/138735906198/bitshares-dev-hangout-zero-fees-raw-episode where the idea was discussed to change the name to something that is more likeable / digestable. While I like "proof of contribution" this kind of behavior seems to me like the guy that constantly tries to change his outward style in order to be liked by girls instead of believing in his vision and style.

Of course the worst thing one can do is break the rules and regret it immediately - which is how I perceive Bitshares's approach to broadcasting its self publicly. A failure of this mode of operation though should not lead to the assumption that "doing as people please" is the optimal mode of (PR) operation, although it is an advancement.       
My point is that public perception of value and superiority does not come from doing what is expected but from breaking the rules with the confidence that one is right to do so. That is to love oneself, i.e. liking the fact that one, like anyone ;), is different. 

What I like about Bitshares, Daniel and the whole community is the austrian economics inspired, technically nerdy (while Ethereum, it seems, tends to attract people that are "fashionably nerdy") way to approach system design. What do you like?
 
I suggest we stick to what we are good at and to the vision for blockchain technology we share here.

9
Random Discussion / "Our founding fathers"
« on: December 15, 2015, 08:47:32 am »
Having come across Roosevelt's not so benevolent attitude to early empirial objects (indians)... I took a look at the track record of some other founding fathers and remembered the "libertarian" talk about how today's america has departed from the original intention of the founding fathers:
http://www.greatdreams.com/lies.htm
Maybe it's the opposite way (at least in terms of imperial attitude towards "others") around and the USA's imperial politics today are just a continuation (regarding the attitude) of the land grab and genocide a few hundred years ago?

10
General Discussion / Sneakers
« on: December 14, 2015, 11:39:36 am »

11
General Discussion / Quantum computing and Bitshares
« on: October 31, 2015, 05:24:20 pm »
This https://medium.com/quantum-bits/how-secure-will-our-data-be-in-the-post-quantum-era-6a7f444ce7d5#.dp6gjc95i and the IOTA brains (http://cointelegraph.com/news/115508/iota-a-blockchain-less-gasp-token-for-the-internet-of-things) say: " Every piece required for a quantum computer to exist has been experimentally demonstrated. It’s now an engineering challenge" (medium blog).

Would we simply replace all quantum cryptography in graphene as soon as evidence shows that the dawn of the quantum computer has arrived? Another guess (tell me please if that is correct): CNX has decided to go the simple and historically prven way of known cryptography and thinks that bigger targets would be hit first giving us time to upgrade.

12
General Discussion / INFOGRAPHIC - Graphene Ecosystem
« on: October 02, 2015, 09:39:26 am »
Let's brainstorm about what players and roles exist in the graphene ecosystem. At the moment I have:

- The respective graphene blockchain (Bitshares, Identabit, Muse)
- Cryptonomex (once  as a backend software software provider and once as a front end software provider / implementation partner / technical referral partner)
- The industry specific entrepreneurs (follow may vote, open ledger etc.)
- Affiliate marketers
- Users

13
Please brainstorm with me... 

What are the metrics that distinguish the various blockchain / distributed ledger tech stacks:

At the moment I have:


Development support for public / private blockchains
Development support for regulatory compliant blockchains
Open Source
IP protected
Scalability (transaction throughput, settlement speed, cost efficiency)
Scope: Amount of applications possible (without meta protocols)
Governance and self funding ability for public blockchains
Virality potential
External developer tools and documentation as of today


Please don't be afraid to suggest metrics that let CNX look bad! Being realistic creates trust.

In a table it looks like this: https://docs.google.com/document/d/1DxMu13EYH1fB0HWYyagWD1IlXhmy4SnRXJjiCyHs3AM/edit?usp=sharing

It will be part of a pitch we are creating to be used in China..

14
General Discussion / Native vs. virtualized smart contracts
« on: September 12, 2015, 05:16:59 pm »
First of all correct me if I am wrong with my termninoloy "virtualized"...

I am asking myself what paramters are affected if you have virtualized vs. native smart smart contracts.

The three parameters I am looking at are: Blocktime, tx/sec (throuput), cost (in terms of tx fees paid in practice).

It would also be interesting to know why each of these paramters is diffent for the two types of systems.

15
General Discussion / Active (un)voting initiative II
« on: September 01, 2015, 09:04:05 am »
Here are my personal unvoting favorites (all 100% delegates):

Aside from https://bitsharestalk.org/index.php/topic,18151.msg232045.html#msg232045

MineBitshares (5/7 (!) 100% delegates!)
I have added MineBitshares to my personal unvoting list. Why? Because it has 5 (!!) 100% delegates  in the Top 101 and 2 more 100% percent delegates at 102 and 104. I think Jonathan is a good guy with many talents but the total of 7 100% delegates we are talking about here is A LOT OF DILUTION for an unproven marketing effort! See https://bitsharestalk.org/index.php/topic,16340.msg232666.html#msg232666 
Note that I asked questions first and tried to get an OBJECTIVE measure for effectiveness of this effort. The rationale is: If we scale this up from 2 to 7 minebitshares delegates there has to be OBJECTIVE proof from the 2 minebitshares delegates that were in the top 101 for many month now that this is cost effective (see the post above)

chronos.payroll.lafona has steppeddown: https://bitsharestalk.org/index.php/topic,16536.msg233081.html#msg233081


I am a little divided on sollywood.sollars-com. I think he is doing a great job with his videos! But his effort is a private venture and is not providing core infrastructure for Bitshares. I think it is justnot something for a delegate / even less for a worker in the future. See his proposal https://bitsharestalk.org/index.php?topic=13900.0

There are no update from dev.sidhujag. I also value his efforts in the past A LOT. He just seems to not be developing actively anymore, see https://bitsharestalk.org/index.php/topic,12027.45.html

media.bitscape is still at 100, see the original post: https://bitsharestalk.org/index.php/topic,18151.msg232045.html#msg232045


I would encourage you to do the same and be critical of people's claims and their fancy advertisement and long talking, not necessarily because there would be some evil intent but just because the delegate concept might not make economic sense / may not be profitable for you as a BTS holder and fancy, long winded and frequent advertisement may be used to cover this.

IN THE END: If such a public discussion is not possible because one is afraid that the to be unvoted delegate may not like you anymore than that is negative for DPOS. DPOS can live without such an open public discussion too but a lot less effective.  Let's establish a culture of content focus instead of one of politics and advertisement, see https://bitsharestalk.org/index.php/topic,18196.0.html

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