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Messages - Bitty

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76
KeyID / Re: Getting started with KeyID / importing wallets
« on: October 25, 2014, 12:22:45 pm »
I really don't understand why I can't get my PTS wallet imported in the Keyid client!
What am I doing wrong????
The .dat backup file from the PTS file it not highlighted when I try to import the wallet, so I can't select it!??!!!
Please help


version v.O.O.5 wallet synced

77
OSX binary is here, windows binary coming tomorrow
https://github.com/keyid/keyid/releases/tag/v0.0.5

I really don't understand why I can't get my PTS wallet imported in the Keyid client!
What am I doing wrong????
The .dat backup file from the PTS file it not highlighted when I try to import the wallet, so I can't select it!??!!!
Please help

78
General Discussion / Re: The NEW Bitshares PTS - superDAC slayer!
« on: October 24, 2014, 02:36:38 pm »
Is the idea to essentially launch a DPOS PTS DAC and promote it as currency rather than sharedrop instrument?

It could be both. The honest truth is that Nxt was lightyears ahead of every other crypto until Bitshares launched, but they had only marginal success. Ask yourself why. To this day, Nxt has features that Bitshares hasn't implemented (multi-gateway trustless exchange between BTC-NXT/BTC-LTC/BTC-DOGE and digital goods store come to mind). No matter how superior they were in features and functionality, they could not overcome the stigma associated with their flawed IPO. Bitshares is better, but is it good enough? Time will tell. My argument is that a "purist" version of DPOS has a fighting chance for mass adoption, maybe even a better chance than a feature rich coin with a fumbled allocation problem and variable inflation (superDAC).

As for the second part of your question, I would also argue that such a "purist" DPOS coin is also ideally suited for sharedropping by the "feature-rich" coins. If it weren't for Gavin, I personally think Vitalik would have share-dropped to PTS/AGS for Ethereum. I think neither Vitalik nor Gavin nor any other rational developer would sharedrop to the superDAC. The ideal instrument for sharedropping is a fairly launched pure proof of work coin with no premine. This is PTS by definition. The same properties that make PTS well suited for currency also make it an ideal instrument for sharedropping/distribution by feature-based coins.

Thoughts:

It's an interesting idea and I don't think anyone would be opposed. The biggest supporter of PTS has parted ways, and it's the perfect opportunity to transfer its momentum by re-launching it. Would be nice to see more discussion regarding the future of PTS.


+1

79
General Discussion / Re: The NEW Bitshares PTS - superDAC slayer!
« on: October 24, 2014, 02:30:08 pm »
To any developers who are watching the current fiasco unfold, I have a suggestion for creating a DAC that I believe has a decent shot at beating the superDAC with minimal effort and expense. The Bitshares superDAC has the following weaknesses:

* The threshold for inflation is too low. By allowing inflation of up to 8% perpetually in the protocol, you end up with a situation where large stakeholders are able to "write their own paycheck" for lack of a better term. The biggest stakeholders in the superDAC will be I3, and for all intents and purposes they will be setting their own pay. It would take an almost impossible amount of stake (if you consider the avg participation rate) to "disagree" with their payrate and to vote them out. Any currency (even Bitcoin) allows for inflation. The difference is that inflation is not baked into the protocol, and would therefore require a far greater "stake" to implement (by modifying the protocol). Bitshares has ignored one of the main principles of crypto community: that scarcity should be (almost) inviolable.
* The second weakness of the superDAC is distribution. AGS distribution has already alienated a huge number of Bitcoin purists who are adamantly against "IPO coins". I don't necessarily agree with their philosophy, but there is a large segment of crypto users who will only invest in coins that have no IPO, no premine, and ONLY PoW distribution. The chaos that is unfolding with the superDAC has amplified the problem, possibly causing irreparable harm in PR and public distrust. I'm not speaking to intentions here. As they say, the road to hell is paved with good intentions...
* The last weakness of the superDAC is what I call "abuse of the DAC analogy". Let's face it, the killer app in the crypto-space has always been and will always be one thing: currency. And to be a good store of value, any coin that maintains the sanctity of scarce supply at the protocol layer, will be leaps and bounds ahead of the competition. What Bitshares gains in "marketing funds" they will lose in investor confidence (from the very investors they are "marketing" to). It is true that running a DAC like a business will result in a more agile and adaptive token. But I would argue that we should run our "business" with the aim of positioning ourselves as the best currency and store of value (the killer app). As I mentioned earlier, I believe the crypto-space is searching for a "unit of account" that will inevitably become something of a global reserve upon which everything else is built. The coin that wins this battle will NOT be Bitcoin (primarily due to the pitfalls of PoW) and it will not be the coin with the most advanced features (see Nxt). The coin that becomes the defacto world reserve must be appealing to governments and serious investors and must be perceived as (i) fairly distributed, (ii) scarce (non-inflationary), (iii) efficient (DPOS), and (iv) secure. Any feature built on top of this coin cannot be done at the expense of these 4 things. The superDAC has failed in distribution/allocation and scarcity.

Here is my proposal:

Someone should fork the Bitshares Toolkit and create a new Bitshares PTS that launches on November 5th (the date of snapshot). The new PTS should have nothing but the core Toolkit functionality (DPOS+TITAN). With DPOS technology, no inflation, and pure proof of work distribution, I argue that the new Bitshares PTS has a shot at dethroning the superDAC.

This is an experiment that can be conducted with minimal cost. The new PTS can always benefit from improvements made to the Toolkit, and if PTS wins I am sure Dan and the rest of the devs from I3 will jump on board (since they will have a large stake in PTS as well). If it loses then nothing much is lost.

Brilliant

80
General Discussion / Re: Proposed Allocation for Merger
« on: October 24, 2014, 12:36:43 pm »
Do I have to claim my unclaimed DNS (through PTS) first in order to get more BTS?
Or will this make to difference in the total BTS I will receive?


81
Correct me if I'm wrong:
Post BTSX snapshot PTS/AGS holders are somewhat screwed but still get their shares in the merged DAC BTS?
PTS/AGS holders will still be honoured by third party DACs that might come out in the future?
Here is how I see it https://bitsharestalk.org/index.php?topic=10454.msg137406#msg137406

I guess you are right
Some of us, like myself, invested a substantial amount of money in PTS (and/or AGS) missing out on the BTSX snapshot, strongly having faith in the whole Bitshares platform and the power of the upcoming DACs.
The amount of shares in the new merger we will receive is painfully low, leading to some big losses in value...
The least the devs can do or try doing, is coming up with a solution to honour their early believers and supporters.
There must be some way to do this, right?
Right, it is a balance between the interest group you are in (I am in there too!) and those that bought BTSX on exchanges.  What is needed is a clear reasoning for what is done.

the creation of new shares might be a good solution for everybody:

https://bitsharestalk.org/index.php?topic=10225.new#new

82
General Discussion / Re: Latenight Analysis At Merge Proposals
« on: October 24, 2014, 11:34:51 am »
As a summary:
Proposal: Issue 1B new BTSX shares and distribute them to AGS/PTS holders (500 mil to AGS, 500 mil to PTS). This should result in consolidating AGS/PTS/BTSX into BTS.

Explanation:

Issuing 1B new shares will not change the stake of AGS and PTS buyers before feb28.

Issuing 1B new shares will compensate buyers of AGS/PTS post feb28 as follows:
These users were not supposed to have stake in BTSX descendant DACs but they were supposed to have 50%/50% stake in 3rd party DACs (assuming no dev allocated funds). Now they are given  25% of their PTS/AGS stake in all future DACs. (meaning if they had 1% stake in PTS/AGS they will have 0.25% stake in BTS)

Issuing 1B new shares will compensate buyers of BTSX as follows:
BTSX buyers were promised the opportunity to participate in BTSX descendant DACs with 100% of their stake. However they had no stake in any 3rd party DACs. With the merge of 3rd party DACs and BTSX Descendants BTSX owners are given 50% of their BTSX stake in ALL future DACs. (meaning if they had 1% stake in BTSX they will be given 0.5% stake in BTS).

+1
issuing some new shares would be solution for everybody

83
Correct me if I'm wrong:
Post BTSX snapshot PTS/AGS holders are somewhat screwed but still get their shares in the merged DAC BTS?
PTS/AGS holders will still be honoured by third party DACs that might come out in the future?
Here is how I see it https://bitsharestalk.org/index.php?topic=10454.msg137406#msg137406

I guess you are right
Some of us, like myself, invested a substantial amount of money in PTS (and/or AGS) missing out on the BTSX snapshot, strongly having faith in the whole Bitshares platform and the power of the upcoming DACs.
The amount of shares in the new merger we will receive is painfully low, leading to some big losses in value...
The least the devs can do or try doing, is coming up with a solution to honour their early believers and supporters.
There must be some way to do this, right?

84
Correct me if I'm wrong:
Post BTSX snapshot PTS/AGS holders are somewhat screwed but still get their shares in the merged DAC BTS?
PTS/AGS holders will still be honoured by third party DACs that might come out in the future?

85
KeyID / Re: Wallet Not Syncing, Help
« on: October 18, 2014, 04:10:21 pm »
My KeyID v0.0.4 GUI client is also stuck at block 1251 on OS X 10.10.

Checking to see if the CLI syncs properly.

Update: able to sync fine on Mac using the CLI... maybe there is a problem with the latest KeyID.dmg.

What is CLI?
Command line interface. I cloned the KEY ID code from github and followed the instructions for building on OS X.

Can you give us some more details because it seems that you solved the problem
How do you clone the code and where did you find the instructions for building on OS X?
Were you able to import the pts wallet in the OS X keyid?

Thanks!

I can tell you what to do to build the client, but unless you are used to using the terminal, I would say hold off for a fix to the GUI... with that said:

1) Clone the keyid repository (https://github.com/keyid/keyid/) using git
    >git clone https://github.com/keyid/keyid.git

2) Follow these instructions, replacing references to bitshares_toolkit with keyid: https://github.com/keyid/keyid/blob/master/BUILD_OSX.md

Note: I didn't build the desktop client in this manner, but maybe if you do so it will work (the last step of the previous link explains how).

Now you can run the bitshares_client and use the API commands from the terminal... there should be a command to import the wallet and claim your stake. More information about the commands and other useful things can be read about in the technical wiki: https://github.com/BitShares/bitshares_toolkit/wiki

Hmm I'm afraid this is to difficult for me… I will have to wait the fix, I guess…
Devs?

86
KeyID / Re: Getting started with KeyID / importing wallets
« on: October 18, 2014, 03:39:36 pm »

Hi

There is no 'wallet path' box in the OSX version?

Sorry. I was not clear.  The 'wallet path' is referring to step 4 in this screenshot http://keyid.cubeconnex.com/img/import-pts.png

Are you able to follow the steps listed in the screenshot?  There are 6 steps shown.

Hi

The layout of the OS X keyid is different.
It is not possible to fill in a wallet path etc.  :(

Who is the dev? Can someone report this?


87
KeyID / Re: Getting started with KeyID / importing wallets
« on: October 18, 2014, 03:39:06 pm »

Hi

There is no 'wallet path' box in the OSX version?

Sorry. I was not clear.  The 'wallet path' is referring to step 4 in this screenshot http://keyid.cubeconnex.com/img/import-pts.png

Are you able to follow the steps listed in the screenshot?  There are 6 steps shown.

Hi

The layout of the OS X keyid is different.
It is not possible to fill in a wallet path etc.  :(

88
KeyID / Re: Wallet Not Syncing, Help
« on: October 18, 2014, 03:38:02 pm »
My KeyID v0.0.4 GUI client is also stuck at block 1251 on OS X 10.10.

Checking to see if the CLI syncs properly.

Update: able to sync fine on Mac using the CLI... maybe there is a problem with the latest KeyID.dmg.

What is CLI?
Command line interface. I cloned the KEY ID code from github and followed the instructions for building on OS X.

Can you give us some more details because it seems that you solved the problem
How do you clone the code and where did you find the instructions for building on OS X?
Were you able to import the pts wallet in the OS X keyid?

Thanks!

89
KeyID / Re: Getting started with KeyID / importing wallets
« on: October 18, 2014, 11:35:52 am »
I seem to be stuck on block 1251.  My wallet stopped syncing.  Any reason you guys can think of?

There is another person who had problem with the Mac GUI but succeeded with the CLI (command-line client).  See https://bitsharestalk.org/index.php?topic=10122.msg132078#msg132078

The program client bitshares_client is in subfolder /programs/client. Have you tried that?

I also don't understand what you are trying to explain
I don't have a subfolder of the KeyID, just the client in the programs subfolder
What is the command-line client?
This is the first time I have this many difficulties using a client...

90
KeyID / Re: Getting started with KeyID / importing wallets
« on: October 18, 2014, 11:17:28 am »
Not being in newbie in the crypto scene and experience with different clients, I don't quite understand what it does not work for me….
Any help is appreciated

No problem. We will do our best to help you.

I am not familiar with mac. But I can try to help you with the same concept used in Window client.  If the Mac GUI import is not working for you, we can try using the console command.  You will need to find out the file path of the wallet.dat.  It will be something like "~/Library/Application Support/BitShares-PTS/wallet.dat".  Are you able to find out the wallet.dat file path?

Hmm not really, I guess…
How does one do that? :-)

There is a guide with visual help. See if this helps.

http://superuser.com/questions/371513/how-to-tell-full-path-of-file-on-mac

Edit: If you can get the file path, you may be able to paste it into the 'wallet path' box and click 'Import Wallet'.  This will save you from having to try the console method.

Hi

There is no 'wallet path' box in the OSX version?


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