Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - kwilliams

Pages: [1]
1
Technical Support / Re: Comming from NXT and confused.
« on: February 08, 2015, 10:11:12 pm »
Quote
That's somewhat amazing and incredibly beautiful. Not a single case of myopic vote-buying. :)

IMHO, after Satoshi's ground breaking work, the search is on finding the most efficient ways of maintaining distributed consensus. If POW / POS are pure capitalism, DPOS adds elements of civic society. And as we know form history - there's more than one way of maintaining civic consensus. There's no silver bullet - each successful community will evolve in a direction where the rules combined with their ethos result in a stable consensus.

Will there be an "ultimate consensus method fit for all times & places"? ... I doubt it. Just look what happens in real life when one group of people starts pushing their beliefs on others....

2
Technical Support / Re: Comming from NXT and confused.
« on: February 08, 2015, 09:41:49 pm »
Thanks all, I've got my answers now!

I'm here to better understand the Crypto 2.0 space.

In addition to NXT, I also have Ripple, Stellar and (now) BTS accounts.

In case you care for my opinion, I think BTS offers genuine innovation and has what is takes to be a major player.

3
Technical Support / Re: Comming from NXT and confused.
« on: February 08, 2015, 08:30:10 am »
Seems like delegates are listed here: https://bitsharestalk.org/index.php?board=61.0

4
Technical Support / Re: Comming from NXT and confused.
« on: February 08, 2015, 08:22:49 am »
Ok, I'm starting to get it.

You start by approving some nodes (aka delegates, you give them thumbs up). This is your "approved subset" (Is this giving them stake? Probably not, TBD...)

Then (on the voting tab), you can transfer your entire stake to these nodes (chose "all" & click "vote"). This also creates a dummy transaction to your self (for your entire balance, for which you pay 0.5 BTS fee). It appears every member of the "approved subset" gets 100% of your stake. The total stake transferred in the process is [number of approved nodes] x [your account balance]

It may be possible to transfer less than 100% of the stake, using technique described in http://wiki.bitshares.org/index.php/DPOS/ApprovalVoting . What is the use case for this? IMHO "delegate" is at first confusing - in NXT it's used as a verb "i delegate my stake". In BTS it's a noun for a particular kind of node. Which may lead to sentences like this "Your entire stake is delegated to all approved delegates". They should have called them Representatives or Electives , etc

So now onto the main question. I need delegates that (upon receiving my stake), will reward me with part of their profits.

5
Technical Support / Re: Comming from NXT and confused.
« on: February 08, 2015, 08:02:20 am »
Also I have a general confusion about the Vote tab. What is a difference between a vote and approval?

6
Technical Support / Comming from NXT and confused.
« on: February 08, 2015, 07:52:59 am »
When I vote for a delegate (give it thumbs up), how much of my stake does it get?

If I vote a second delegate, how is my stake divvied up between the two?

Are there delegates acting like pools - e.g. I give them my stake and they give me part of the earnings?

Pages: [1]