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Messages - amencon

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Stakeholder Proposals / Re: Four new delegates just appeared in the TOP10
« on: October 29, 2014, 12:25:05 am »
I take that back, I did vote for them because they had upgraded their clients while others had not.

Yea I figured that was why. A lot of those new delegates aren't publishing feeds though, will you do another voting pass for the upcoming hard fork to promote delegates that will publish feeds? I'll be ready for that one I promise! :)
Haha, me too.  I'll be double sure in the future to publish my version at the same time I upgrade as well.

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Thank you for the clarification.

Now that I3 seems to have pulled away from all other DACs, does that change the situation here at all?  Will you need extra funding for development work that originally was planned to at least be assisted by some I3 devs?  I think any insights or assurances for work going on behind the scenes will help garner more pre-sale participation.

I like what I've seen so far from you guys and even have a couple friends not into crypto that responded positively to the idea when briefly explained to them.  I think with all the uncertainty swirling around, any extra information you can put out there will help your cause.

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The forum itself doesn't belong on the blockchain, but the intriguing idea is the bundling of the BitShares client with access to this forum.

If our public keys were tied to our forum ID and access to the forum was only through the BTS client, the benefits described by the OP could be realized.

Forums really don't have that much data.  You could also compress to a high degree with known dictionaries if you wanted to be super dev.  You don't need any pictures stored on blockchain.

Other bright technical people are of the mind that we need some complicated storage system first, which means it would be likely well over a year before this would be coded.

If you are going to maintain superDAC then you can just as well have multiple chains by anything I can reason.  One DAC, multiple blockchains.  Some optional etc with slower blocktimes and lower fees.  Reimagine everything, right ?  At least then you can always split them back into their own DACs.
You're right and you never take any consideration to the actual work involved.  You just type up idea after idea after idea... 

We aren't a year away. We are months away. I would say sometime this winter you could do it and likely by Jan.

Storj is already in progress. There are altcoins which are all working on components of it. It really depends on how much priority developers give it.


What do you mean "in progress" ?  I hope all those products that are storage products are "in progress".

What altcoins are doing what ?

Yes, it depends on how much time developers give it and I'm talking about reality and not unrealistically.

How would the superDAC even pay for that storage ?  Cross-chain trading from 2 different families of coins ?
If you believe the Storj guys, the "DriveShare" portion that allows users to rent their diskspace should be in a sort of open beta by early 2015.  The initial Beta for pre-sale participants is beginning imminently.  If you want I can report back how well it appears to work, hopefully if things run smooth they'll be able to have something generally usable by mid 2015.

Though I guess mid 2015 isn't too far off from the year mark.

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General Discussion / Re: Create a website for average users
« on: October 26, 2014, 09:47:53 pm »
There is a totally new frontend in the works that targets traders specifically ...
and another frontend for endusers that just want to use bitUSD or whatso ever ..

things are moving already .. fasten your seat belts :)
Good to hear, many front ends that each create demand for bitUSD and generate fees on the single back-end will certainly help increase value fast.

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General Discussion / Re: Perspective is Everything
« on: October 26, 2014, 09:45:27 pm »
lol .. thanks @ arhag for pointing it out .. I meant to write lose :) ..

joke not intended
Ah sorry, it became a sort of meme on the speculation board on bitcointalk due to someone constantly spamming doom and gloom threads always spelling it that way.  Similar to the "hodl" meme.

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General Discussion / Re: Perspective is Everything
« on: October 26, 2014, 08:21:57 pm »
I'd hope nobody has invested more than they can afford to lose at this point, though I know that's probably not the case for some.  Ideally most discussions and arguments would academic in nature, but this is a business so I know that's very naive to wish for.
I'm sorry .. I should have stated that somewhere: I am super naive :) and my wife keeps telling me so on a regular basis ..

Disclaimer: I am in for the fun .. and to see a system grow that I think is superior to anything mankind has seen yet .. and I would never advise for or against any investment .. that's up to everybody else to decide .. but if you do .. my second sentence ALWAYS states: don't invest more than you are willing to LOOSE!
Haha, I'm a little bit sad I get that joke...

I agree that today is definitely an exciting time to be a technology enthusiast.

22
Muse/SoundDAC / Re: Will Music be merged into BTS?
« on: October 26, 2014, 06:39:43 am »
Personally, I'm for merge if there exists a great benefit. However, my concern is how to abate complains and resists from pre-salers and ptsers. The former group bought Notes at the lowest price so far, but is expecting short-term profit, therefore they will complain about long-term investment in BTS. It is obvious that the latter group will complain about loss if the merger price (or proportion of share) is lower than the price they obtain Notes (which can be roughly calculated with price difference between before and after snapshot).
Agreed.

I'm certain that if that great benefit exists, cob will do what he thinks is best for the DAC.  However a merger will certainly leave some people feeling frustrated.  I'm sure some would be happy to dilute their music investment for the chance to also be invested with all the other features in the multi DAC, however for those that wanted maximum exposure to the business the music side brings, introducing dilution to that for features they are less interested in would feel like a raw deal.

In theory, if a merger happened and theMusic Dapp greatly outperformed all other Bitshares features, Note purchasers would be giving much investment value up to the other BTS holders.  However of course the opposite could happen and those same investors could be saved from losses or lower gains.

I think it's smart for cob and his team to carefully study the pros and cons of a merger before rocking the boat for their current investors.

23
Stakeholder Proposals / Re: Delegate Introduction: alecmenconi
« on: October 26, 2014, 12:33:01 am »
When I upgraded my client last night I spaced on running the wallet_publish_version command, looks like due to that I was voted out by I3.

Hopefully they'll reinstate me but if not just wanted to say thanks for the support so far.

it happen with me in past also , I know first hand how frustrating it is when outvoted , but don't loose your faith ...
It is not unusual delegates voted in again with the first opportunity  ;)
Thanks liondani, I'll keep my standby ready.  Definitely enjoyed the opportunity to be involved for the time I did so I'm not too frustrated.

I look forward with interest to how the role of delegate evolves with the new changes coming, whether I'm voted in at the time or not.

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General Discussion / Re: Perspective is Everything
« on: October 25, 2014, 11:22:55 pm »
Just because some methods worked well the last 20 years does not imply they will work well today ..

If you see how many people lost their saving these few days for something that should be handled better,you wouldn't dare to say your way of thinking "works well". It's not even started yet,once word got out "every dirt of Bitshares can easily find it on the forum",major investor would be scared away.

keep in mind,share price\market depth,is the key to hold the BitUSD peg.
Without that, BitUSD would have no liquidity.

And those ordinary folks who trusted the "risk less than bitcoin" to buy into BitUSD,would've lost their money
because of low liquidity in a black swan event that cause the share price to drop rapidly just because of you "like the way" and disregard for image.

You may not have to care about the BTSX price,but you sure should care about how that would affect the BitUSD peg and the future of Bitshares .

To suit your need for "open and active communication on the forum" for 200 or less people,you're essentially putting hundreds of  thousands of people's right at risk, not to mention the future of this business.

You need to think bigger,pinky.....

I agree with that ..
it seems we talked past each other

My issue is,
a) I like BM openly discussing his thoughts in open PROPOSALS
b) I dislike people trading on yet to be finalized proposals and afterwards complaining about their loss - that is in NO WAY the devs fault!
c) I do like open discussions about how to make the future brighter .. call me naive

IMHO this is tough territory .. that's what early investors have to face ..
and that's why they might profit the most from it ..

IMHO we should take these huge steps to improve the system RIGHT NOW .. (read: "as early as possible") ...

Disclaimer: for me .. all of this is a hobby and I am mostly fascinated about the tech .. again .. call me naive .. I know I am ..
further more .. I haven't but serious money in this .. mainly because my wife is not as "brave" (read "stupid" or "naive") .. as I am ..
.. people fearing for their existence due to the recent price drop shouldn't have invested that much in the first place ..

maybe I am talking BS above .. because I am a tech guy, not an investor .. nor an economist ..
I'd hope nobody has invested more than they can afford to lose at this point, though I know that's probably not the case for some.  Ideally most discussions and arguments would academic in nature, but this is a business so I know that's very naive to wish for.

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General Discussion / Re: A new currency DAC - the future of Bitshares PTS
« on: October 25, 2014, 10:51:55 pm »
Variation, imho, is good and gives those who feel strongly in the minority against the move to the BTS superDAC to have an outlet that willnbring more value to the space.  Freedom...do you smell it in the air?  Damn it smells good...
Agree completely.  Thanks for taking the initiative alpha.  I'll be following and supporting both forks.

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Someone did the math in another thread (forget which now) but I believe it was around 100BTS per PTS and 80something per AGS.  I think the higher PTS number was due to not having all 2b mined yet.

The math in real time: https://docs.google.com/spreadsheets/d/1M65Gt1mFstAgTkECJfUX18f187tGzqJeXT7877qLv-M/edit#gid=0
Nice work, thanks.

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General Discussion / Re: Another Summary of the Early Oct-24-2014 Mumble
« on: October 25, 2014, 05:47:37 pm »
When people say something like 10/10/80 or 7/3/7/3/80.  All that means is they are talking in terms of percentages of the resulting shares.  Your share count will stay the same, but others will be added. 

Anyway, I was just going to say thanks for doing this.  I think I caught the end of this and you were asking for someone to come up with an update.  Well I grumpily suggested you volunteer to do it !  And here we go.  Nice work.
Thanks gamey. I think your format is better in many respects b/c people can go into the recording at the time index you provide and get the info without editorial bias.

"percentages of resulting shares"? I just don't get it, that's why numbers are necessary. I see talk about % of market cap, market cap / by maximum shares possible and many many other parts of the whole picture, but nothing that says if I donated 3.5678337 BTC to AGS (prior | post 2/28) and the market cap (of BTSX or AGS ?) at the Nov 5th snapshot is ?.?Million, I will get ???.????? shares of BTS. Most savvy investors around here take all this for granted but it's complicated for newbies.

If I left out an important factor or included extra ones in that calculation people need to know what the exact, complete formula is.

There is no complete formula that can readily be written down.  You need to know how many AGS you have and can't go very easily go from BTC.  I thought I had formula right for PTS/AGS but my calculations were off.  There is a thread elsewhere on the subject which translates PTS/AGS to specific BTS numbers.  It is about 100 BTS per PTS etc.  However, since I don't know how many DNS I had etc even those #s don't do that much.

7/7/3/3/80 Would mean that with 100 shares in target sharedrop, there will be 5 groups each with a corresponding amount of shares. 3,3,7,7 and 80.

What? Why not? There is no reason I can think of why a formula can't be stated. If that is true someone from I3 needs to explain in very explicit terms what factors cannot be quantified. I'm no math whiz but this indeterminate answer for a math problem sounds fishy to me.

Your making progress through my fog, so stay with me. I finally understand the percentage string, it relates to the amount to be gifted or share-dropped as a distribution. That clears up the output side of the equation, but people that invested also want to understand how the number of shares is determined, the input side of the equation. In fact it's the input side that's more complicated and deserves an accounting.
It's due to the nature of how AGS were purchased.  When AGS donation were being solicited a set amount of AGS were handed out each day split among donators dependent on the percentage of daily total donated.  So one day 1BTC might have given 1000AGS and the next day 1200 (random numbers can't remember the average there).

It would likely be fairly trivial to grab the donation data from the AGS period and come up with an average BTC and PTS to AGS figure.  Once you have that then you could also then easily write the rest of the formula for BTS distributions.  Of course due to the averaging it would give general estimates only when applied for each individual.

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One of the main goals of these restructuring is to simplify our company image/message.  The elimination of PTS and AGS is a big part of this objective.  PTS/AGS should be retired or spun-off.  If spun off, there should be no assoication with "Bitshares" after the restricting is complete.  Bitshares' commitments to AGS/PTS has been fulfilled with the 7% (really 10%) allocation in the new BTS DAC.

Disclosure: I currently hold significant interests in PTS.
Even as someone who liked the old paradigm, we are essentially starting over with a new plan.  If a big driver in that decision was to simplify then I think that should be pursued fully rather than some hybrid system that will leave nobody satisfied.

I agree that Bitshares should reference a single DAC and should be dropped from future DACs developed.

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4. Invictus has floated the idea that they should honor the new BTS with 20%. The rationale is that the new BTS snapshotted AGS/PTS and thus honoring BTS is like honoring AGS/PTS. The dramatic flaw in this proposal is that it gives a huge preference to pre-Feb28 AGS donators. For that reason, I strongly oppose this option because it's severely unfair to those who donated after the original BTSX snapshot.

Could you elaborate on the bold text please. I'm still not clear on the math and I'm both pre/post-Feb28 PTS (10x more post-Feb28) and all post-Feb28 for AGS.

Does anyone know the actual # of shares per PTS/AGS a person will receive for each proposed allocation method?

The percentages aren't really helping me because I'm unclear on the #'s associated with those percentages.

Thanks for any help!
Someone did the math in another thread (forget which now) but I believe it was around 100BTS per PTS and 80something per AGS.  I think the higher PTS number was due to not having all 2b mined yet.

I have no recollection on how much BTSX pre-Feb PTS and AGS received on average but I'm sure someone has the numbers handy.

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@amencoin & Bitshatking

please stop this ridiculous quarell... One has the great passion and almost religious belief in BTS, tries to rally the troops behind the leaders.
this is very different to what another one who is critical thinker hopes for. Please just agree to disagree based on completely different backgrounds, cultures, characters, and approaches. Just agree to do your best for the advancement of the project, and listen to feedback from the community and developers with regards to the usefullness of your actions.

@Bitshatking - I don't think amencoin is a traitor, there is no reason to blame that. Even though you are very energetic in your backing of Bitshares leaders, also 3I is learning from community input and constructive criticisms. perhaps it would be wiser for you to soften your communication somewhat.

Bitshares United!
You got it kisa, I'm done, thanks.

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