Hey all,

I'm listening to an episode of the Beyond Bitcoin hangout from a few weeks ago and Daniel is being asked to provide tech support service, I wanted to suggest that you guys take a look at http://tawk.to which is a free chat-agent service that is totally free and can integrate very simply and quickly into any website or service including a wallet.

Community members could cover all timezones and really provide a source of answers or at least good links to new users, I think it would be valuable.

Hi everybody,
I'm interested in integrating Bitshares into the Tokenly open source ecosystem.  We have no budget or personnel to accomplish this right now (just started our angel round, part time founders only and three main products) so I'd like to ask for your help in with either donations, development time or  possibly voting in some Tokenly delegates if that is the preferred way to help new developers get started. 



You can visit our "startupey" page at www.tokenly.com but the bottom line is we're building what I call the Global Digital Barter Economy where individual companies create and use personalized tokens to represent pre-paid units of their goods and services.  Tokenly makes it very easy to automate the things that you need as a merchant or individual in order to have a functioning, automated commercial ecosystem.  Swapbot vending machines (selling tokens), Tend stores (selling items, accepting tokens and other forms of money) and the Tokenly Pockets (holding and using tokens) wallet.  We also have the LTB Auctioneer, mass distributor and a handful of other prototype tools and protocols.

We've been in a quiet alpha since July and are getting ready to launch our first open alpha, I'd like to look at the feasibility of integrating Bitshares into our vending machine system, browser extension wallet and store system.  I suspect the store will be easiest, wallet next and the vending machine will require some creative thinking since we try to do everything on the blockchain and obviously this will involve bots that bridge at least two blockchains.

If Bitshares is as useful as it seems, its a shame it doesn't get more use and I think the tools we've built at Tokenly would add a lot of valuable use-cases to the Bitshares ecosystem.  I look forward to your thoughts.


tokenrank.tokenly.com
pockets.tokenly.com
Swapbot.tokenly.com
swapbotstats.tokenly.com
slots.tokenly.com
redeem.tokenly.com
auction.letstalkbitcoin.com

You can find our whole project at https://github.com/tokenly

I saw lots of people asking for this, but didn't see that anyone whether on the invictus team or not did this.

Brian, did you guys capture daniel onstage this time?

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake

On Todays Episode

Adam talks about the costs of Counterparty and introduces Dogeparty (dogeparty.io) an experimental solution, along with Proof of Charity - a new Token Initialization Method

Daniel Larimer, CEO of Invictus Innovations (bitshares-x.info) (bitsharestalk.org) speaks with Stephanie, Andreas and Adam about the release of BitsharesX, their Delegated Proof of Stake system, automatic stealth addresses, bitUSD and more.


We were tough in the interview, Daniel did very well and I'm quite pleased with the resulting work regardless of the process that brought us here.

Major kudos!

Income represents the average BTSX earned per day, expenses are average BTS X paid to delegates, and burn rate is daily BTSX burned by delegates working for less than 100% pay.  The overview page will probably change a lot in future revisions.

So... is my BTSX balance increasing daily? What is my personal rate, if that is the average?  I understand expenses, but wouldn't it be better to show the daily pay for ALL the delegates rather than some average per when many are used?

the burn also feels like it would make more sense as a total daily amount rather than some average per delegate percentage.

I didn't go looking for trouble on this one, see the emails I recieved below

Hi, Adam,

I found something about AngelShares that you might be interested in.

These three donations to 1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc (the AGS BTC donation address) are quite suspicious:
https://blockchain.info/tx/60d47ffb496bcff064408b900d53d242e9bbd854cae2b610a1928146aae2d214
https://blockchain.info/tx/22bf12c9c36d042a224cc59b8b23c0df126a2f1b005bb50e1965b7cf72c409e0
https://blockchain.info/tx/31d4c4f06732194126d07972ea71d701b331abd878f2993e41f486506db9483e

You can easily trace the output (https://blockchain.info/tx-index/57931028/0) down to the donation address (1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc) directly:

1JYgevsQREK1DBQKHJBNRYqtWSPmep77pT
|
16UbgMKBmspq7WVDmNrpNAReNe4iZQTjvK
|
17wefmCLyJRwVjBk6HVYZdByGWUsqaHF9v
|
1Dj8CdXFSRf8veWb4hzgiMbae2K2miiMht
|
1PSS7uYA1VEgWFMDtqsMwUa2sxRVF5kGsc
|
1MRanPtASeZUWC44rQHNPmVSgR5M9kZdts
|
1PYicC3TkEZUwuTMPLjSawJqEvLw94RPz6
|
1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc

In a sense, Invictus is donating to AGS using the AGS fund.

I think you're the only one in the BitShares forum that Invictus can't ignore and I wish you could bust them using the information on the blockchain that I provided.

Thank you,
Anonymous

So then I said

What makes you think it's not one of the contractors they're paying with those funds re-investing since they know better than anyone on the outside that real value is being created?

I've got no problem bringing this up but unless you can tie it to funds that are supposed to be in savings, or that went directly from AGS to being reinvested in AGS with almost no intermediary hops that could represent someone being paid, this seems highly circumstantial.

To which they replied

Hi, Adam,

It's very unlikely to be one of the contractors re-investing their earnings, since we've seen patterns of 3BTC donations to the AGS everyday. Chances are Invictus is the one behind the daily 3BTC donation trying to dilute our AGS rewards and it might be our only chance to find out the truth.

I can not find any further evidence except row #52 in their fund usage doc noting that those 200BTC are paid to Hyperetas for operations:
https://docs.google.com/spreadsheet/ccc?key=0AqTwk-e7yzJydDFnQmlkTVlkbWpubnJBbzR2UG5ucnc&usp=sharing#gid=0

But hopefully, it you bring this up, some other guys in the forum could find out.

Thank you,
Anonymous

I don't have time for this so I'll leave it to others to investigate.  If the allegations are accurate I would not be pleased.

How similar is this to CHA?  http://chancecoin.com/  They have a 1% rake and launched recently.

Invictus has said many times that what sets apart their platform from others, is good economics and a focus on profit.  It is with that in mind that I present the DAC War of Profit (working title).   A year from being announced, the first prize will be awarded to the DAC that achieves the greatest aggregate profitability for its token holders over a 30 day period of time compared to all other qualifying DACs.

The DACs must operate in the invictus ecosystem (must honor PTS at least, and must also honor AGS if they receive any funds via the Sharktank or other mechanisms)

Once the first prize has been awarded, the process repeats every six months with prizes according to the schedule below.  This prize schedule seeks to give people time to build and develop profitable dacs following the Invictus model before requiring judgement to be made on who is successful.  The entire invictus ecosystem wins since all competitors are competing to make profit for token holders, among whom Invictus is the largest.

Most Profitable DAC Awards - 100,000PTS over 5  years, represents less than 10% of AGS funds.

10,000PTS - 12mo
25,000PTS - 18mo
20,000PTS - 24mo
15,000PTS - 30mo
12,500PTS - 36mo
10,000PTS - 42mo
5,000PTS - 48mo
2,500PTS - 54mo

The keys controlling these funds should be held by a large number of trusted community advisors, not less than 10 and 20+ would be better with a 70% threshold required to release.    Key Holders should be selected based on their ability to look at objective situations rather than what they stand to personally gain or wish to be true.

It would be ideal if the same DAC could not win more than once.

I don't believe Bitshares products should qualify for this competition as Invictus is drawing all employee salaries and costs from these funds already.  That would be like paying someone to compete in your contest for the prize, makes zero sense.  If employees want to in their spare time work on a non-Bitshares project thats fine, it grows the ecosystem.  I would argue the community has already paid very well for Bitshares.

I do not want power in this process, I want the rules to be set once and never changed again.   I want development teams to be able to look at the landscape and say "If I build for Invictus, I can shoot for that prize and compound my success".   This is not mutually exclusive of any other plan, but is neccesary in addition to whatever else is done.   Please ask questions or comment as appropriate.