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Messages - bobb

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1

New proposed mining algorithm:
SignedHeader = MinerPrivateKey.sign( SHA256( header ) )
HashSignedHeader = SHA256( SignedHeader )
PublicKeyCheck = ECC_RECOVER_PUBLIC_KEY( SignedHeader.Signature, HashSignedHeader )
HASH = SHA256( PublicKeyCheck )

EDIT: Got it, I missed this "To mine you must produce a signature of the block header such the the hash of the header + signature is less than some threshold."

Interesting. Couldn’t that lead to miners/pools avoiding to include transactions at all?
Therefore they wouldn't have to deal with the changing hashMerkleRoot in the header.
So they could do the first three lines once for each new block and and offload the rest to the pool workers.

I might be wrong as I am not familiar with the bitshares header structure.
But I like the idea though.

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6276 ... looks like it is not completely stuck (just too high diff for the current hashing power)

"blockchain_difficulty": 14827633,
"blockchain_head_block_num": 6276,


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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 20, 2014, 05:03:27 pm »
Can you shed some light how comes you are only interested in DNS.
And buying it after launch does not explain it at all. You are interested in distribution that does not make sense if you just bought your DNS on the exchange?
Just want to understand the situation.
thanks!

I am not only interested in DNS. But I am especially interested in DNS because I maintain (good old) nameservers for quite some time now and was very enthusiastic about the project. As I started to dig into the project and set up my first delegate I also invested a larger amount in DNS, which was quite a lot for me. The project had the endorsement of BM and had toast as dev lead. As I also wanted to get involved it just seemed logical to do so.

As you might know, there is not much left of that investment. You don't have to quote any rules of investing to me. I know how it works.
I would never complain about the recent BTS price for example, because that's just how markets work.
But the way DNS's price was crushed is different. Everybody agreed to that. As a result BM told everyone that DNS holders will be 'made whole'.
If you then check your sharedrop ratio and realize that's not true and nobody even bothered to tell, that just feels wrong.

The announcement was that the compensation will be paid to the individual address with claimed pre announcement balance.
Later on there was also the idea to pay the exchanges some to also compensate them.

This just shifted to we gave most of it to the exchanges without (explicitly) telling anyone.
Instead of just complaining I try to understand why this turned out so different than announced . Hence the question.
I am trying to come up with a fix myself. Haven't found one, yet. But I now understand (in parts) why it was right to shift the funds to btc38/the exchanges.

Did that help to break out of the loop? If not, let me know I don't want to leave your brain in uncomfortable loops ;)

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 20, 2014, 10:17:19 am »
Code: [Select]
bts for exchanges: 3381306
can you shed some light on how that was distributed across the exchanges?
Just want to understand the situation.

thanks!

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 19, 2014, 09:25:37 pm »
check my link https://bitsharestalk.org/index.php?topic=10381.msg136244#msg136244
in this case you are wrong bobb! it was clear from the day of the ANN. Not worth to talk again. Toast has nothing to do with it.

No I am not ;)  But you are also right. I am aware that this is just about claimed DNS before BM's post. 
What has changed is that the whole meaning of the thread you just quoted is off the table.
So if you bought any DNS before the BM's post you won't get the compensation that was suggested.

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 19, 2014, 09:22:22 pm »
I am getting the feeling I am having the conversation with the wrong person. :)
@toast: I understand that you got screwed the most and if we have BitUSD tipping expect at least some beers/pizzas coming.
(edit: was meant as a tipping reference joke. But it just sounds stupid when reading it again. Will send you some bts/bitusd anyway)

I agree that it is _now_ not easy to compensate pre proposal DNS holders.
But everyone accepted the allocation because BM (and you too) assured pre proposal DNS holders they will be made whole.
Now turning on them an telling them  'hey guys do you really believed us that. you could do the math yourself and see it won't work" is absurd.
Back then we could have continued to look into other ways to make it right.

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 19, 2014, 09:01:32 pm »
Sorry cleaning out I3's funds was not enough / that we caused you to expect more

'not enough' does not really cut it. It is close nothing compared to what you let people believe. 
And you just said you were fully aware that this was the case but told people they will be made whole anyway.

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 19, 2014, 08:56:28 pm »
so now we are talking about old stuff?

it was clearly said, that only claimed AND moved fundes will get compensated. Don't complain now, you had all your chances. At that time it seems to me, i was one of a handfull who was against the merger allocation.

But now, it is over. Live with it, and ask yourself why you accepted it in the first place.

@shentist: we are talking only 'about claimed AND moved funds'. That is the sad part.
All the talks about *pre-proposal announcement* DNS holders "will be made whole" are off the table. 
So, no we are not talking about old stuff.

9
General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 19, 2014, 08:37:55 pm »
I am speechless. So you are telling me the mistake was that I believed BM's judgement?
And you knew it was nonsense to say "making people whole" but you did it anyway?


BM underestimated how much BTS he had for poeple people to lose. He used the words "made them whole" but if you ran the numbers even at the time you would see that that is nonsense.

BM announcing an allocation where DNS got half of its market cap's worth is the only "wrong" thing here.

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 19, 2014, 08:26:50 pm »
Please. Just have a look at the thread I was clear how it was meant:

We don't want anyone to lose out, especially those who bought into the systems like DNS after launch.

This allocation should not harm any other players other than us and should make everyone who purchased DNS whole. 

Trying to spin having said "making everyone whole" now is just mean.
Please, guys do you really think this is right?
First telling people "you will be made whole" and then later  "Seems like "made them whole" made people think BM could somehow produce enough value to give as much as he gave nov 5th?". rly?
Why did you tell people that in the first place. Just to silence them because they don't second guess you?

I normally try to read all my messages a second time and try to remove all non-productive emotional parts but I _feel_ being lied to, betrayed and I am just sad right now.
Let's not get into that 'you cant' make it right for everyone" argument. This is just wrong.

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 19, 2014, 07:14:19 pm »
I just assumed with all the talk of "making people whole" that people would get something close to the same # of DNS they held during the announcement. So if I had 10,000 non-genesis DNS in my wallet during the announcement, for some reason I assumed that "being made whole" would involve giving me the equivalent of 10,000 more DNS.

Actually, I don't know how it can be understood in any other way than you just put it.
After BM's announcement the price of DNS dropped more than 50% and after that toast apologized and told everyone they will be made whole.
Could you please elaborate why the following changed everything?

Despite cleaning out I3's DNS, this does not actually add up to much extra because BM underestimated how much stake exchanges had started trading but not claimed (buyers on BTC38).

It was known how much DNS was claimed and everyone was told as long as you moved your funds to your wallet you will be made whole.
Just have look at the thread yourself: https://bitsharestalk.org/index.php?topic=10381.0

If I understand correctly you decided to shift the compensation more to BTC38 instead of compensating individual addresses holding already claimed DNS?
On which basis was this decided?

Plainly said you went from "making people whole" to ''not giving numbers because it'll just make you feel bad because it's not much"
without telling anyone?

Really sorry to keep you busy with this. But this is either very wrong or I missed something.
I would be happy to hear it is the latter :)

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 19, 2014, 08:45:01 am »
For that allocation I'm not giving numbers because it'll just make you feel bad because it's not much. Also it was never promised before deciding to give the bonus so there is no "correct" amount - the call for how much to give vs normal balances and exchange unclaimed balances was made manually.

I don't understand.  According to this I would expect  something that does not make the ones that got burned feel bad:

This allocation should [..] make everyone who purchased DNS whole. 

Quote from: toast
"BTC38 (and now BTER) retroactive snapshot - lots of DNS holders made whole"
https://bitsharestalk.org/index.php?topic=10446.0

My DNS sharedrop ration seems to be 0.0166 and yes this makes me feel bad and nowhere near 'made whole'.
So it seems to show no sign of compensation.  To make it a bit more tangible: that roughly an 75% loss (cut by half twice)

It looks like other people on this thread have other ratios. I already asked multiple times for help to look into it, but nobody could help me.
Just throw me a link or the method. I don't need polished tools. If I can get there using grep/sed/cat I should be fine.

For convenience, the questions again:
Quote
- (How) can I map/link the incoming transactions to the keys that are holding the DNS?
- Or how can I check how many DNS a key holds? rtfm + a pointer will work for me :)
- Further, is it correct that the DNS which have been moved before BM's post should have gotten some compensation and therefore should show a higher sharedrop ratio than 0.0166/0.0186?

Further, can someone explain how "make everyone who purchased DNS whole"  turned into  "'not giving numbers because it'll just make you feel bad because it's not much"?
If I am wrong or missed something, let me know.

13
General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 18, 2014, 05:07:31 pm »
@toast: How can I map/link the incoming transactions to the keys that are holding the DNS?
Or how can I check how many DNS a key holds? rtfm + a pointer will work for me :)

Further, is it correct that the DNS which have been moved before BM's post should have gotten some compensation and therefore should show a higher sharedrop ratio than 0.0166/0.0186?

Thanks!

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 17, 2014, 08:36:41 am »
I also kind of wonder why that account contains >200 keys.
To see if that might be a problem with the bitbalance site I rechecked each key in the genesis_bts file.
But the result is the same. Just 10 keys found their way into the genesis file.

For me it looks like most of the keys don't hold any balance. I wonder why, as I haven't done anything fancy with that account.
Also it seems that the DNS compensation is not included, yet (as the ratio is 0.0166, see above post).

Can anyone comment on my findings or point me to what I am missing here ? :)

Thanks in advance!

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General Discussion / Re: Check Your Allocation - Episode II: Check It Again
« on: November 17, 2014, 07:53:20 am »
I take it this is only for the Nov 5 snapshot, and it doesn't include the AGS rescue funds that I3 is giving people who had non-genesis balance during BM's announcement.
This should have everything.

Mhh, for me it does not add up:

If https://bitbalance.azurewebsites.net/ is correct my DNS sharedrop ratio is 0.0166.
Even though more than 85% of my DNS balance was withdrawn from bter (before BM's post).

Or am I missing something?

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