Just wanted to get some thoughts on bitcoins 2016 reward halving.

Right now, bitcoin is paying 25 BTC per ~10 minutes in the form of inflation to keep its network secure. When the reward halves to 12.5 BTC in 2016, the price has to increase dramatically to maintain the same level of security. If the price doesn't continue up, hashing is likely to decrease significantly. It's possible that 95% of mining hardware will be rendered obsolete, causing hash rate to plummet and difficulty to readjust.

Seems like a really big unknown. What will happen?

I guess its just economics, i mean, depends what the price of bitcoin, asic's and electricity are. It would be nice to think that at some point in the future there is the possibility of more decentralisation. For example If you imagine a company making asic products that heat your house or water and are available in store (last winter my house was heated by ltc mining, not profitable now). This then stops the farms having an advantage of scale as they waste all that expensive heat.

I say this because its hard to see what's round the corner when everything is already new and experimental. My personal guess is that there will be room for many crypto products all with there own market. No reason why you couldn't have btc, bitshares, maidsafe, etherium and even doge still around and prospering in 10 or 20 years. What will be interesting is their order in market cap and what new products join them.

I'm also against this. Unless I'm missing something critical, what's preventing my competitor from getting into bidding wars with me just to rack up my costs? What if my website has massive authority in the eyes of Google but is non-profit; a wealthy individual can come by and buy up the domain to utilize its authority. I definitely wouldn't want to register a .p2p domain knowing that some rich competitor could take my domain, destroying the branding and mindshare I've accumulated.

I can't believe they are really thinking about someone else being able to buy your developed domain. Toast can you explain simply what is being proposed.

Some domains like business.com or sex.com have value because they are cool domains but the realy valuable domains like twitter.com facebook.com have value because of what has been developed on them and that value belongs to the developers/shareholders and should not be available to be auctioned off.

Quote from: stuartcharles on September 12, 2014, 04:31:00 pm

This seems a fantastic dac but i cant get my head round how you are going to make sure its fair?

What EXACTLY do you mean?
the economics part or the elliptic crypto part?
Or do you mean the blockchain itself?
shit what happend .. I read "safe" instead of "fair" ..

From my understanding you have something like a share of an asset (a single vote, satoshi)
you can send it where ever you want and still be in control of it..

you will need to register your account at an "central" authority and get a signature for that on the blockchain from that CA.
so your local government has to ensure not to sign the same guy twice on two different accounts

this is the whitepaper: http://followmyvote.com/wp-content/uploads/2014/08/The-Key-To-Unlocking-The-Black-Box-Follow-My-Vote.pdf

Thanks xeroc, looks great also you just got my votes (first i have made), thanks for your regular help

KeyID is like usernames, .p2p is a TLD, they are distinct. DNS is the name of the system

Sent from my SCH-I535 using Tapatalk

Thanks toast, I hoped that was the case.

for some reason the change password feature has been disabled for the moment.

I guess its not seen as a priority but is on the list. The software is still in its early stages of development but is evolving quickly.

Ive seen the little triangle reminding me i should vote, nice

So, I click on vote and then i am given four options.

Vote All
Vote None
Vote Random Subset
Vote as Delegates Recommended

What do they mean? How do i choose a particular delegate? When i select any of the options i seem to be being charged 0.5 btsx, do i pay to vote?

Seems to me that voting is imperative in DPOS, could there be a simple help page link for this?

First Worldwide BitShares Delegates Election Week (15-21 September 2014)
Put this event in your calender BitShares_Election_Week_Sep2014.ics



Overall objective is to stimulate the BitShares voting system by grabbing attention of all stakeholders, no matter if small or large.

Are you a stakeholder? It's time to use your stake and vote with it.
Do you have a unclaimed stake that is tired of boredom? It's time to claim your stake and vote with it.

FAQ
Why should I vote?
If you hold a stake in BitShares you are probably interested in gaining value of your stake.
To keep and gain the value of your stake the whole ecosystem have to be reliable, solid and healthy.
It's only up to you to keep fraud and nepotism away by using your stake to vote for reliable delegates.

How should I know who is best for down and who for upvote?
You can make your own overview by scan the forum or ask forum members for informations about the delegates.
Or you can use the latest Delegates Report by KettenBlog and other ressources to find your decisions.

How can I vote?
http://kettenblog.wordpress.com/2014/09/04/delegates-election-week-how-to-vote-in-bitsharesx
*placeholder* suggestions, howtos? how many votes per day are recommended... etc.

Why should I take part of the Election Week when I can vote at any time?
Cause in the Election Week and the days around many of the delegates will try to grab your attention and this will give you the best way to make your decision for your own votes.
Also there may a lot of information around delegates and voting from the community these days.

Why a complete week?
I came to the conclusion that every stakeholder should be able to take part and one day or weekend could be to short and longer than one week would lose interest over time.



Everyone is invited to participate and I think there's a lot to do.

I will support the Election Week on my blog with one or another article about this event and the results.
What about you?

*As long as there is only one BitShares DAC live this first Election Week is only related to BitSharesX.
Edit: Feel free to correct my bad english in every case.
Edit2: added "how to vote in BitSharesX" blog article

I think it would be interesting to have another option.

X. I would like to vote but i'm so busy i don't have time to give it the attention it needs.

If there are as many as i would guess then this needs to be solved. If there aren't as many as i think then it still needs to be solved but not until we get some non crypto enthusiasts on board.

Again i like short cartoons to explain things. Also i know there is a page with %pay and %blocks processed. Its would also be nice to have one with that information and a mission statement from each delegate summarizing what they stand for.

Chill out, let the market tell you what's right.

Even with the bugs and insinuated loss of funds BTSX is 4th on coin market cap. Fourth (i shouted that) please any one complaining and whining, STFU. The market, which on the large part is silent, is the truth, and it says "I see great promise, keep up the good work and please don't waist your precious time reading bolocks like this"