Quote from: Tuck Fheman on September 15, 2015, 02:30:35 pm

Quote from: thebutz on September 15, 2015, 02:20:00 pm

I would think there are some wallets with millions that are frozen or something.

Correct, the vested balances.

Is this the same thing as staking in normal PoS? I'm reading through the wiki now, not finding much about it. I found this:

No, vested balances have nothing to do with the consensus mechanism. It has been decided that some shares (from the "merger") should be released gradually over time.

So only the 101 delegates stake BTS? I understand they are the ones privileged with signing blocks, so technically they're the only ones 'mining' the network?

I wouldn't call it staking as it is independent of the amount of BTS they are holding. Delegates (witnesses in 2.0) are signing blocks and get payed in BTS. As everyone is free to run for a delegate spot competition should keep the payment that delegates receive reasonable.

I wouldn't be able to stake my BTS and receive interest like in Peercoin, unless I became a delegate?

No. Delegates do not receive interest for the BTS they are holding. Delegates are signing blocks in rounds, each round each delegate signs one block and receives a fixed amount of BTS for that block. It is really better to look at it as a service that delegates/witnesses provide in exchange for fixed pay.

As BitShares supply can be deflationary if more fees are burned than new BTS released you can still grow your BTS holdings relative to total supply just by holding. Just like a stock buyback.

Quote from: DataSecurityNode on September 01, 2015, 04:00:06 pm

Volume
1 Miner = $2 bitUSD a day = $60 bitUSD a month = 54,000 BTS in volume a month

Ok, 2.0 is out, price goes to 1cent, let's say 3x more the current price, that would mean 1 Miner would only contribute with (54,000/3)=18,000 BTS in volume per month? So, as the price rises, miners will give less volume? Or with that price rise that would simply mean a Miner would do $2*3 = $6 bitUSD per month, that would then turn into those 54,000 BTC per month? I think I'm missing something.


So my question. Does the volume decrease proportionally to a price increase or does the reward per day increase proportionally to the price and so, maintaining that same volume per month you mentioned?

I didn't have time to think through this atm, just checked and that was the first thing that popped in my head but I know I'm certainly missing something.

Btw, thanks for providing us with a roadmap and with actual numbers, that's what this (and other projects) need and didn't provide in the past. good job 

As people are mining bitcoin/altcoins and that is being exchanged for BTS/bitUSD the volume in bitUSD should be constant. Thus with rising BTS price I would expect proportionally decreasing volume in terms of BTS.

Quote from: monsterer on August 28, 2015, 12:55:02 pm

This is wildly out there in terms of ideas and bare with me and a lot of controversial statements follow, but hear me out:

1) POW is the direct conversion of electricity (kWh) into tokens
2) Using BTS as the collateral for bitAssets can lead to a self reinforcing collapse since they two things are intrinsicly linked
3) The price of electricity is relatively stable compared to crypto currencies

Given these assumptions, is it possible to create a kWh token, created by burning N kilowatt-hours through POW, and then to use that token as the collateral backing bitAssets?

There is one. It's called Solarcoin. Why not approach the Solarcoin team to get them onto Graphene? I think that could be a start.

They will probably want their own blockchain but maybe KenCode can approach Nick Gogerty and ask if he would be willing to convert Solarcoin to Graphene in the future. The proposal to Nick Gogerty is that you can take the Solarcoin and turn it into a platform to trade carbon credits or whatever they want.

This isn't the first time this idea has been proposed. I think it might very well be technically possible to do a lot, including trade energy. But it is not something Bitshares should specialize in, why not let the community that is focused on that niche specialize in it?

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1802166
https://bitcointalk.org/index.php?topic=429119.0

Solarcoin and the idea of OP are two completely different things. One solarcoin represents 1MWh of solar energy generated. You can claim your solarcoins when it is veryfied that you produced that amount of electricity, but the electricity is NOT being burned via POW.

Regarding the OP: As BM already said, just the fact that you have to burn electricity to produce a token doesn't give it a value greater zero. Common POW misconception.

Works for me. Very cool.

Quote from: speedy on August 26, 2015, 08:55:03 am

Quote from: Ander on August 25, 2015, 11:01:15 pm

A bit under .1% a day.  Around .08 to .09%.  So with Around 200k on loan i'm getting a bit under 200 BTS a day.  Maybe 160 or so.  Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.

Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS  - the bond market is going to be awesome.

The only reason people pay that much is that they are borrowing it to short, via margin trading.

And they are paying a risk premium to the lender for the counterparty risk of a centralized exchange. The bond market is going to be amazing, but I would expect significantly lower interest rates.

BitShares went down to 100 satoshis last night because someone panic sold into the thin BTC buy wall on BTC38

http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=bts

So someone picked up a few of the cheapest BTS ever.

  That's just crazy.

Quote from: jabbajabbaつ◕_◕つ on August 17, 2015, 12:37:47 pm

Using the magic word method with the forum post count barrier (100 posts) ~330 forum members could participate as of now.
The only preoblem is, users could entry without even listening to the hangout if the magic word is spread around.

Not only this^^^^
but once the person has the magic word, they can use that with more than one of their individual accounts. I'm sure there is quite a few people here that have more than one forum handle with 100+ posts.
IMO only participants for that session should get the Brownie distribution. I understand the frustration that majority of people can't make it Friday mornings... as I'm one of them!!!

You can also attend the hangout with multiple accounts, so that shouldn't be the issue. And just being logged in doesn't mean you are listening, in this regard a magic word might even be better.

But honestly I don't really understand why attending or listening  to the hangouts should earn you brownies anyway. It isn't exactly a great contribution if you do nothing but listening.