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Topics - FreeTrade

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General Discussion / Scope for bitassets with high return
« on: April 06, 2015, 07:19:00 am »
I'm wondering if Bitshares has scope to support assets where the holder might expect a high return for holding.

For example the Russian rouble currently has a 14% interest rate - is there any mechanism that would support a 14% interest return on a holding of BitRub?

If you're holding any PTS (Bitshares PTS, formerly ProtoShares) on Cryptsy, I recommend that you withdraw it to your wallet now.

There's an upcoming mandatory fork that upgrades PTS from PoW to DPOS that enjoys the broad support of the PTS community.

Cryptsy has not so far responded to any of the devs or stakeholders as to how it intends to respond to the upgrade.

Considering previous form regarding distributions and lack of support for DPOS assets, there is a high risk that Crypsty won't support users in the transition and that users will lose their PTS.

The valuation date for the upgrade takes place on the 14th of December. However, the PTS network has slowed to a crawl, sometimes seeing only 1 block a day so I recommend placing the withdrawal order ASAP.

Cross Posted:

Stakeholder Proposals / About Slates
« on: December 05, 2014, 08:12:58 am »
I'm just getting to grips with these slates - got some questions -

Is there any way yet to see who is publishing slates, and which delegates are on those slates?

Does a delegate need to republish his slate every time it changes? Or is the delegate publishing the fact that his slate is available, and is automatically updated?

If I send funds, using another delegate's slate, and the delegate then updates his slate, is my vote updated with his most recent slate, or do I need to send funds again to vote his most recent slate?

Technical Support / Someone Registered 'My' Name!
« on: November 13, 2014, 02:28:08 pm »
So someone registered 'freetrade' some time ago, so I've got 'freetradereal'.

Is there any way to transfer or trade in registered names?

Marketplace / Recommended VPS provider and package for Delegate
« on: November 10, 2014, 09:20:15 am »
I'm just getting started with Bitshares, wondering if anyone could recommend a good VPS provider to run a delegate on.

Ideally it would accept BTC as payment and offer a package with technical specs that are a good fit for a delegate.

Also wondering if anyone is keeping track of the number of delegates hosted on different providers. Would an outage at one of the popular hosts take down a lot of delegates?

Muse/SoundDAC / Arbitrary Delegate Pay Rates
« on: November 07, 2014, 08:34:27 am »
I was very interested to read this

>is to allow the 101 Delegates to set arbitrary pay rates. Delegates in BitSharesX make their income from transaction fees only. This new version, which will be spearheaded and tested by BitShares Music, will allow delegates to make more than just the transaction fees, they will be able to do additional rounds of funding, as long as the shareholders agree and vote for it.


One of the problems we had with MemoryCoin in its first incarnation was shareholders voting additional funding for themselves as a kind of interest payment.

I see delegates in BTSX only require a minimum 8% holding to guarantee a delegate currently.

If the same holds true for BitShares Music, and a dilution of up to 8% p.a. is allowed to fund delegates, what's to stop an individual amassing an 8% stake and awarding the full 8% dilution to themselves?

DAC PLAY / Distributed Random Number Generation
« on: August 30, 2014, 10:25:56 am »
Here's my proposal for generating fair random numbers in a distributed manner. I'll explain with a worked example with the smallest number of participants - three.

Three brothers, Jack, Bobby and Teddy agree to have a random draw to choose which one of them wins a prize, but they are in different locations.

They each create a public/private key pair and publish the public keys.

Each brother signs an agreed string with his private key, the resulting signature is his secret. The hash of the concatenated three secrets is used as a seed to generate the random number.

We want to guard against the possibility that one brother has access to the result before he has revealed his secret, enabling him to discard his secret and prevent the result from becoming known.

Round 1.

Step 1. Limited Disclosure
Jack sends his secret to Bobby. Bobby sends his secret to Teddy. Teddy sends his secret to Jack.

Step 2. Vouching
Bobby vouches that Jack has disclosed to him. Teddy vouches for Bobby. Jack vouches for Teddy.

Round 2 (Final Round for 3)
Step 1. Limited Disclosure
Jack sends his secret to Teddy. Bobby sends his secret to Jack. Teddy sends his secret to Bobby.

All three brothers now have all three secrets and can generate the random number.

Let's say Teddy waits in the final round to receive Jack's secret, generates the random number, doesn't like it and doesn't send his secret to Bobby. Bobby can always request Teddy's secret from Jack. As long as a majority are not dishonest or in collusion, the random number generated is fair, and there is no optionality problem.

For DPOS, you'd probably want to use it in combination with the existing chain of delegates - so the block would be generated first with the existing method, and then the random number is generated by N previous delegates. It should be possible to expand to N delegates, using a number of rounds of disclosure and vouching. For 101 delegates, the first round might involve each delegate disclosing to 10 other delegates, followed by vouching, followed by 10 more etc

LottoShares / Dice Game Screenshots
« on: August 14, 2014, 12:38:59 pm »
How to play

Check your winnings

LottoShares / Hard Fork 10468 - New Dice Game - 0% House Edge
« on: August 12, 2014, 09:18:17 pm »
Okay, we've got a hard fork coming up at 10,468.

It is to support two new developments -

Dice Game - 0% House Edge
It contains a new dice game - with a variety of odds, and a 0% house rake.
(Don't play the dice game before block 10,500, it doesn't pay out for dice games played before that block)

Faster block times
It supports faster block times (down from 150 seconds to 40 seconds).

Please pull the latest code from github and re-compile.

LottoShares / Now You Can Lose Money Fasterâ„¢
« on: August 09, 2014, 08:40:06 am »
I've had to ditch NY Lottery numbers feed - it was making the game too slow -

LottoShares / Check your balance
« on: July 18, 2014, 09:21:50 am »
You can now check your balance with just your public address -

Use the following address -

(Enter your PTS, MMC, AGS, BTC, DOGE address in the searchbox to see your LTS address and associated balance.)

Alternatively you can use the URL

(Replace the PTS address with your address)

Note, this does not display maturation blocks yet.

DAC PLAY / Worthy projects to distribute free LottoShares to
« on: July 13, 2014, 10:07:01 am »
I still have a large chunk of the 30% to distribute - can anybody recommend underfunded worthy crypto projects to distribute shares to, so that if LTS is successful, these projects will benefit from it. So far I've got -

Decentralized Bitcoin Prediction Markets
Bitmark project

LottoShares / Income Statements
« on: July 10, 2014, 03:59:02 pm »
Here's what LottoShares income statements will look like -

LottoShares / LottoShares Screenshot
« on: June 27, 2014, 07:44:04 am »
Screenshots can be a helpful aid to understanding -

LottoShares / LottoShares DAC - Test Platform Live
« on: June 27, 2014, 07:24:05 am »
I've finished coding the MVP and a test platform is now running.

My plan is to conduct testing and polishing and then reset the platform for a launch on July 8th.

You're invited to take part in the testing - only those capable of compiling source code at the moment please.

I'll be seeking to secure development, testing, marketing, infrastructure, review and audit services with the remaining 30% shares. These should be fully allocated by the time of the launch.

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