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Messages - clayop

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31
General Discussion / Re: Is Bitshares attempting to get on Microsoft Azure?
« on: February 22, 2016, 10:42:20 pm »
I am in contact with Microsoft on their Azure Blockchain as a Service (BaaS) offering.  My intention is to create a deployment template for a Witness Node & CLI Wallet on Unbuntu 14.04 LTS.  Thereafter, I intend to investigate creating a template for the UI and also a template for Windows instances.

I'll post a link here once the templates are accepted into BaaS.

Please review the Microsoft BaaS blog posts:
https://azure.microsoft.com/en-us/blog/author/marleyg/

 +5% +5%

32
You are mixing up a few things here:
- free transactions could be anything and it makes most sense for transfers
- committee members know very well about low trading fees being requured by bots
- subsidizing liquiity has nothing to do with 0-fee or the fee schedule
- no worker is needed to run 0-fee once it is implemented

1. Free txs could be anything AND it makes most sense? Did you mean BUT?
2. The new fee schedule is not accepted yet. So I assume "IF we charge greater fees"
3. I didn't mention liquidity subsidy. I'm not mixing liquidity subsidy and zero-fee
4. But the worker proposal is needed to implement zero fees. If we release 10 mil BTS to the market, the value of BTS will decrease 0.4% mathematically.

33
if we can attract more users and businesses with 0.5 BTS fee with 0 costs, compared to conditional 0 BTS fee with 50k USD cost, we'd better to choose the first option now. 

Can't we just give the new user a choice when they create an account of what type of fee schedule they want ?

And they can change it for 1000 BTS anytime

Like how certain UIA options can only be changed once

That still needs development costs.

how much?

have you heard of IOTA?

Do you know that they are going to be the world's first "free" blockchain?

Do you know what multiple of BTS their market cap currently is?

Hint: it's currently trading on the NXT asset exchange

They will launch with a monopoly of the freeloader market, and then you can see just how much "reward" you would have received for your "risk"

This is where I would typically ask:

What are we men or mice, but obviously we all know,

https://m.youtube.com/watch?v=Fuz2XiyjQAo#t=3m9s

BM may know.

Can you guarantee our market cap multiplies after we have (conditional) zero fees?

Don't be so much excited by "free". There's no free lunch. We should know the details about the zero fee system and evaluate the net benefit or loss of it.

34
Again, WTF?

Last time I checked, "free" aka "0" was cheaper than 0.1

expectations were just exceeded and now a whole new market niche is open to our real time scalable and now F'n FREE smartchain.

Who can bitch about this ? Put it to a vote, and free beats 0.1 every time.

You could charge 0.0000001 per transaction and nobody will click on your link. But as soon as you advertise "free lunch" the world will beat a path to your door.

God I hope he dumps his shares. Please dump!

Ever hear of a "freeloader"?

Well, the world is full of them

and I can tell you one thing for certain about this humongous demographic, they are not at all interested in .00000001 BTS fees

We have 2 choices of home page headers:

BitShares Smartchain  - Real Time Scalable and Cheap

or

BitShares Smartchain - Real Time Scalable and Free

cheap is relative but free is ABSOLUTE !

Actually, it's conditional. We now cannot assert how much we will actually pay as fees based on each person's transaction pattern. For instance, my bot created about 100k buy and cancel orders so far, but he has only few BTS in his account. If we charge greater fees to compensate conditional free fee, my bot is likely to pay more fees than now.

And the cost is indirectly paid through worker proposal. If the proposal requires 10 mil BTS, every shareholders are going to spend 0.4% of their money for free fee system.

35
if we can attract more users and businesses with 0.5 BTS fee with 0 costs, compared to conditional 0 BTS fee with 50k USD cost, we'd better to choose the first option now. 

Can't we just give the new user a choice when they create an account of what type of fee schedule they want ?

And they can change it for 1000 BTS anytime

Like how certain UIA options can only be changed once

That still needs development costs.

36
What is even worse, we have the means to support those that provide work to the ecosystem and still they get beaten down because they need to justify them selves over and over and still dont get anything out of it.
Feom a developers perspective, its no wonder people prefer the much more healthy developer community at ethereum.

I hope those that are in the anti "dilution" camp include this image damage in their calculations.

You do know people who develop smart contracts in ethereum mostly find their own funding right ? Even with tons of dollars in Ethereum , a lot of smart contract developer can not be paid by Ethereum .

Augur for instance , and our old friend Rune and Toast .

Go to ethereum , see if they will open their wallet for you . Mostly won't . You'll have to find business model yourselves even you switch to Ethereum .
But they are not building core functionality for ethereum. They are not building the platform, they are using the platform for their project. Big difference.

IMIO, graphene's core functionality is completed. What we're doing is adjustment and improvement. We should think about that the benefits from the improvements are greater than their costs. E.g. if we can attract more users and businesses with 0.5 BTS fee with 0 costs, compared to conditional 0 BTS fee with 50k USD cost, we'd better to choose the first option now. 

37
Wasn't it the Chinese community who demanded cheaper transactions, and now you bitch?

WTF?

you've misread his post ,
he want cheap fee . but he doesn't want a "cheap fee system that need expensive development" , he want it change to 0.1 bts directly instead of creating a whole new scheme to do it .

I agree with this. We should carefully compare between just decreasing the fee to very low level and developing conditional zero-fee system. The question should be which one is more efficient in terms of cost-benefit ratio?

38
How can one use Kkachi. Is it software I need to download?

It's closed source so you cannot directly use Kkachi. If you want, you can invest in under some conditions
The conditions are,

1) All your principal is protected in terms of quantity (not value. If you invest in 1 BTC, you can guaranteed to recoup 1 BTC)
2) Your fund should consist of Bitcoin and altcoin (such as BTS) 50/50 in value, at least roughly. (e.g. 1 BTC + 100k BTS)
3) The fund should be kept in Kkachi at least 15 days not to intervene bot's activity.
4) Minimum investment is 1 BTC worth. (e.g. 0.5 BTC, 50k BTS)
5) 40% of the fee will be deducted from the profit.  -> Edit: I will reduce the fee significantly so many can use kkachi with reasonable costs.
*6) If connected exchange is compromised, 50% of your fund can be haircut.

PM me if you're interested in.

39
The original order was 22 OBITS/BTS.
And the order was partially filled, leaving 0.00428 BTS and 0.00019 OBITS. Here, 0.00009 OBITS are removed due to the precision.
As you may know, the tx still contains the original order info to calculate the price ratio. So his price ratio is still 22.

But when the order is filled, he got 0.00428 BTS while the buyer got 0.0001 OBITS instead of 0.00019 OBITS. This is the cause.

40
The price at Feb 4 (when alt started anti-dilution post): $0.003215. Now $0.004176. +29.9%.

Just coincidence? During the same period, Dash went down -7.6%, Doge increased slightly, +6.7%
And you imply tht this effect is tge sole result of alts voting? I wonder what happens if the others that are working behind the scene doing business developmwnt and coding just do something else.

Or in other words, what fraction of that raise is a result of
- cnx developing stealth
- me developing python tools
- business development happening behind the scenes?
- educational material maturing constantly

Please tell me!

I cannot conclude which one was the major cause of the price move. Most likely, it was a combination of multiple factors.
However, I may say that at least anti-dilution didn't destroy our market cap.

41
The price at Feb 4 (when alt started anti-dilution post): $0.003215. Now $0.004176. +29.9%.

Just coincidence? During the same period, Dash went down -7.6%, Doge increased slightly, +6.7%

42
General Discussion / Re: Subsidizing Market Liquidity
« on: February 20, 2016, 12:45:03 am »
I found an irony.

BM created the DEX and want to improve its liquidity. But he doesn't use the DEX.

http://cryptofresh.com/b/3577692

43
All i'm seeing available on my OpenLedger wallet are transactions for the prior 3 days. I need to verify that a withdrawal from Poloniex actually hit my account, but this supposedly happened four days ago.
If you don't have many transactions, you can check it at cryptofresh.

44
General Discussion / Re: Bitshares price discussion
« on: February 19, 2016, 05:08:18 pm »
is there a bug in BTS where localhost can produce coin from thin air ?  curios

Assuming each time he sends bts to polo he dumps and doesn't send it to any other accounts we don't know of, he has already dumped 35M BTS. $100k approximately assuming a price of $0.003

He is down to 20M "only" but claimed more shares 4 days ago so there's no way of knowing if he can just keep claiming funds in case he has even a bigger amount of BTS. At $0.004 is more $80k, this, assuming he doesn't have more or the price increases. It can be $100k or more.
FYI look at his another account (probably), trust

45
Muse/SoundDAC / Re: Couple GUI bug fixes
« on: February 19, 2016, 03:40:23 am »
It's enough for me to hear that PeerTracks is not dead and still growing. Thanks Cob!

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