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Messages - triox

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Stakeholder Proposals / Witness triox-delegate atonement
« on: January 13, 2016, 06:20:42 pm »
Sorry guys, I dropped the ball. Didn't expect to be voted back and didn't update in time, which resulted in missing 85 blocks.  :-[
It looks like some other witnesses had a similar problem, but to our defense: the forum's subscribe function is broken and we were depending on it to receive version updates.

That won't happen again. I'm now subscribed directly through github, fully updated and ready to serve the network - if that is the wish of the shareholders.

There are people who are passionate enough about BitShares to vote and do work to establish a reputation that others trust to vote for them.

What do we gain if we water down that trusted group with others who are merely paid to think for us?  How do we know that a paid voter is wise and actually doing her homework?

The average knowledge/passion/trustworthiness per vote would decrease.  Why would that be good?

Anything done to artificially increase the number of votes cast without increasing the knowledge behind those votes is just for show.  Which means that the %voting metric is a poor indicator.

Suppose we offered $100 per share to get people to vote just one time.  Naturally, turnout reaches 99%.  What have we done?  We have now locked in a bunch of random noise that averages out to the same thing plus a bias based on the sum of all disinformation, rumors and misconceptions.  Now, when conditions change, the resulting inertia of unattended one-time paid votes is much harder for the truly informed and motivated voters to make a change.

I'm talking about paying proxies. Let them figure out how to  mobilize voters.

A well informed vote from someone who has done the hard work to understand the issues is highly valuable.

A random (e.g. machine generated) vote is useless - it just increases the noise floor without changing the outcome.

Alas, rewarding voting yields mostly the latter, not the former.

How about rewarding  proxies based on stake voting through them?
Currently it's a hard and thankless task keeping up with all the witnesses and staying on top of all the proposals.
Why not make it someones BUSINESS to promote voting?

General Discussion / Re: Why Cryptocurrencies Matter
« on: December 12, 2015, 05:52:44 pm »
Does anyone agree bitshares would benefit from some public face driving entrepreneurs and devs to the platform? Or are there better avenues?

Unless it's Nick Szabo or Andreas Antonopulos don't bother. 

Even Erik Voorhees and Roger effing Ver have been called traitors for even daring to acknowledge the validity of altcoins.

How about we chip in for annual membership for Brother John F and maybe some prominent altcoin traders? Anyone who has some following and may do a video review of the platform.

General Discussion / Re: Network Stability Under Graphene
« on: December 06, 2015, 09:30:45 am »
I don't really think that running the very backbone of bitshares in a t2micro is a good practice at all, even if it seems to run "fine".

Witnesses should always be ready and able to deal with sudden increases in resources required by the network, and this is not possible with a t2micro.
What happens if a spam attack strike on bts? That low-end server will not be able to bear the attack.
What if all the witnesses run on a t2micro? Bitshares network dies.

And you can not even assume a priori that you will be always ready to manage your instance in time to mitigate an attack.
What if you are outside and can not connect to your servers or server's hosting? What if you are just sleeping?

Witnesses should always look at what could be the next required resources and their servers should always be capable of sustain a lot more requests that the current ones.
+5% +5%

When spam attack happens, witnesses can easily scale up their witness servers. In my case, I regularly update my snapshot image, so I can upgrade my server to the highest one (e.g. 32 core, 208 G ram, 10 TB SSD) in a couple of hours.

Exactly, that's the whole point of cloud computing: automatically scale resources based on demand. And currently we're mostly signing empty blocks, there's really no point overprovisioning. It's just bad cost management. Especially if we have to dump witness pay on the market to pay for it.

General Discussion / Re: Public Testnet?
« on: December 06, 2015, 08:33:52 am »
Setting up a testnet is not easy for a total newbie. The whole point of a public demo/testnet is to offer a simple way for anybody to try the wallet and all features of the blockchain.

This has been on the short term roadmap for a month now:

1.  Prevent margin call from being triggered unless the price feed is less than call price  (popular demand)
2.  Refund 99% of order placement fees on cancel
3.  Split order-fill fees with referrers for all trades involving BTS
4.  Launch a Demo/Dev chain that gives all signups a significant balance and an opportunity to play with all of the features.

I'm not sure it's worth it to divide the client's attention like that. He can already browse the wallet's features without even signing up. What would  be more productive is to show newbies how to quickly top up their account and trade.  Have a short overlay tutorial on the first login.

General Discussion / Re: [Crowd Fund] Life Time for YT TheDailyDecrypt
« on: December 05, 2015, 03:38:29 pm »
triox sent 1000 BTS without a memo, but I just assume it's for this funding :)

thank you!

Weird, I can see the memo on my end:
From   triox
To   fav
Amount   1,000 BTS
Memo   TDC

General Discussion / Re: Help me Identify the Top 10 most harmful laws!
« on: December 05, 2015, 03:15:40 pm »
I am looking for a list of laws that have the following characteristics:

1. Completely Unjust  (Victimless Crimes)
2. Probability of Getting Caught Violating the law is Low
3. Cost of getting caught is high
4. The penalty for getting caught is mostly financial
5. Have public sympathy for the individual prosecuted

Jury duty?

Nah.  You just have to tell them you are an INTJ personality and they let you off.

Or write them back two words: "Jury Nullification" - they'll probably forget you exist.

General Discussion / Re: Help me Identify the Top 10 most harmful laws!
« on: December 05, 2015, 12:06:21 pm »
I am looking for a list of laws that have the following characteristics:

1. Completely Unjust  (Victimless Crimes)
2. Probability of Getting Caught Violating the law is Low
3. Cost of getting caught is high
4. The penalty for getting caught is mostly financial
5. Have public sympathy for the individual prosecuted

Jury duty?

General Discussion / Re: Help me Identify the Top 10 most harmful laws!
« on: December 05, 2015, 11:58:19 am »
Where I live gambling may only be offered by a venue or service registered locally.
This law ignores the existence of the Internet.
Every now and then the local  casinos and gambling sites launch a PR campaign about the "evils" of foreign websites taking away their business and tax revenue. The papers get all rallied up (no doubt while selling a nice ad package to them); the finance ministry asks the justice ministry to start blocking foreign gambling sites; the justice ministry responds that it's impossible and would probably violate EU laws and that's the end of it. The cycle repeats every few years.

General Discussion / Re: Network Stability Under Graphene
« on: December 05, 2015, 10:45:51 am »
Now that I'm voted out I can share a secret  ;)

Graphene has been so rock-solid that I was able to scale back my infrastructure to running a single t2.micro (plus a physical machine at home and another t2 ready to spin up in seconds).
Even on this low-end setup CPU utilization is close to zero, RAM is safely at around 60% and no latency issues.
During the two-months I've only had 33 missed blocks, all before the vesting-pay-bug fix. I now only scale up the machines during build.

Now, some witnesses are maintaining several four-core, 8GB machines, and you might think that it's somehow more secure, stable or scalable but the thing is, they have to dump their earned BTS to pay the bill. Meanwhile, I've never sold any BTS and am still able to easily scale up if/when blockchain usage picks up.

Graphene has exceeded expectations in terms of stability and footprint so much, that we ended up overpaying the witnesses. We can easily have twice as many witnesses or slash witness pay by half. And if the Blockchain starts demanding more resources we can always reevaluate.

General Discussion / Re: interesting
« on: December 04, 2015, 02:39:02 pm »
I have two accounts, the one I do most of my voting with and then "bytemaster".  It was pointed out to me that I wasn't voting with my own account and that 70M BTS were being proxied to me. 

I decided to increase the threshold required to move committee decisions away from the core developers due to the recent controversy over "rash" committee decisions.  My thinking was that increasing the threshold for getting voted into the committee would help increase quality and community consensus.

That said, I was also being a tad lazy because I haven't actually evaluated the committee members in closer detail. 

I will probably vote for more witnesses (you all were doing a good job, I didn't intend to have my vote for some of you vote out others).  You will be back in within 24 hours.

With respect to the committee I hope everyone who was on the committee stays involved. I just want to do my due diligence before voting for committee members. So for now, those who have trusted "me" with their votes can know that I have cast them in such a way that ensures I approve of committee actions.

Thank you for that clarification. It was such a bummer waking up to being fired in what seemed like a mass layoff.  :-X

If it's a UIA sharedropping on some other UIA or some part of the community (like the "top BTS holders"), then it should be full price.
If it's a sharedrop on the whole community (all BTS holders) then it should be much cheaper (just a spam prevention).

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