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Messages - BunkerChainLabs-DataSecurityNode

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2221
This is great, but can you defend the "zero counterparty risk" claim?  My understanding is that counterparty risk using metaexchange would be dramatically lower than other exchanges, but not zero.

The risk is non-zero for the short time it takes for 1 BTC confirmation, i.e. 10 minutes. After that you are in control of your funds again.

I think if you considered the odds of that happening at the exact same time as your transaction.. it would probably work out to something like 0.05% risk.. which if you eliminate the decimal points actually is zero. I haven't done the math.. maybe someone could.. but I think that does deserve the claim. There is nothing on the internet and I mean NOTHING that can claim absolute zero.

2222
Me likey... voted for!  +5%

2223
Technical Support / Re: To all newbies: What brought you here?
« on: March 12, 2015, 12:45:49 am »
:)
I have a new online wallet that has Bitshares and  upon further reserch become very interested in the Bitshares. A great crypto-currency that has transpired into a great investment.To all the members great work and all the best ahead.
rb3coins

Happy to have you aboard!

2224
Stakeholder Proposals / Re: Remove yunbi delegates
« on: March 11, 2015, 08:37:23 pm »
So the question is this... is it going to be left to us the voters to decide when they are good to go on their own.. or should delegates have a proper exit strategy just like any other business does and have set parameters at which they will either tell everyone to bow them out.. or take up a new cause for the position?

Of course it would have been nice to see a statement like "mission accomplished/failed - please vote us out".

In the end it is up to us voters to decide if a delegate delivers on his proposal, and get rid of him if he doesn't.

I agree.. would just be nice if we have a certain accepted etiquette that is expected right from the beginning. I think one of the first questions everyone should be asking 100% delegates from now on is: "What is your exit strategy and how soon do you expect to reach it?"

With that we will quickly see if we got someone with business sense and establish a parameter for when we can expect them to exit their position.. preferably after they have become profitable on their own or have successfully accomplished the task set out.

2225
Stakeholder Proposals / Re: Freebieservers.com is here
« on: March 11, 2015, 08:30:13 pm »
I've thought more about this and talked to several BTS stakeholders.  Many have the view that integration of BitUSD should be free, because it's beneficial for your business, as a stable crypto that's useful for gamers.  BitShares should not have to pay to add a feature to your service, unless its open sourced (as a marketer I can't evaluate the value of that).  This is by no means an official view as there is no such thing as 'official' in BitShares, just a view that I have encountered from a number of people. 

The advertising on the other hand, that is a separate proposition.  Ideally BitShares would have an advertising budget ready and it could then be discussed among the marketers whether we want to attack the gaming industry with BitUSD and build a BitUSD brand among gamers.  A decision would then be able to be decisively made and we could start a test campaign, or not, depending on the decision.

What we've got though, is a far less elegant system.  If you do get those delegates up and running, by the time they get voted in and accumulate funds months will have passed, and there never would have been a co-ordinated decision by BitShares to attack the gaming industry, just this one random foray, which if it did have a successful immediate return, is likely to fizzle out and require lots more in expenses to maintain the BitUSD brand among gamers (my initial opinion as a marketer).  I'm not convinced that stable crypto is of high enough utility among gamers to go viral from one insertion point.  I would be glad to test that though with a small campaign after integration.

If you did the integration for free and came back, I would fight for one of the other funds (we do have a couple) to do a test ad campaign on freebieservers, perhaps $500.  If it went well I would fight for more, and more if that went well.  Generally I don't think advertising budget should go directly to the company BitShares is paying to advertise with, it should come from a fund held by a marketing delegate.

Could you please break down costs of everything in your proposal into dollar amounts so we can evaluate more accurately?

And consider the following question:

Would you integrate BitUSD regardless of getting voted in because it's usefulness brings value to freebieservers?

One thing to keep in mind (I'm talking to everyone here) is that BitShares doesn't have the budget to build a strong brand around it's BitAssets.  They have to have enough utility in the given niche to go viral by themselves after insertion.  For gaming, I'd imagine integration with popular gaming chat like xfire (do people still use that?) combined with this kind of sponsorship is the way to go.  A one-pronged attack isn't enough.

Are those 3 100% delegates already registered?

Well thought out and said matt608  +5%

Personally I think it makes more sense for Freebieservers to consider creating it's own bitasset token which it can then sell to its users as a type of currency within their gamersphere. They would take the upfront cost in getting it all setup.. but the money they can make on the transaction charges alone would be awesome. Not to mention complete control over their own asset.

The delegate position doesn't make much sense.. and the reason for open source is make sure everything being done is above board and can be audited by others vs. just a company saying 'trust us'. It also allows for peer review that can help find potential security issues. Just a few benefits of open source vs. closed.

Love the whole idea of Freebieservers joining in the cryto revolution taking place through Bitshares so they can offer next generation payment option to their users.. just think the execution strategy needs refining.

They are welcome to PM if they like to do a case analysis together to better determine a more optimal approach.

2226
Stakeholder Proposals / Re: BitSuperLab please fix your feeds
« on: March 11, 2015, 07:09:00 pm »
The issue with the feed scripts currently is that too few BTS pairs are traded on exchanges .. if there were more BTS/CNY, BTS/USD, BTS/BTC and BTS/EUR .. taking the 'average price' for gold silver etc. would smooth out more ..

also the volatility of BTC makes it difficult IMHO .. atm we should run the feed script more often to track the price better

How often would you suggest now?

2227
General Discussion / Re: Development seems to be suspended
« on: March 11, 2015, 11:10:07 am »
The rate at which bitshares is developing is quite good... you are just looking in the wrong place for it.

... and yet I am unable to use a wallet on my PC, essentially rendering it useless. Great job!

I just installed the wallet in a newly installed windows 8.1 and imported my wallet. Worked without issue.

If you have a specific problem there are people who can help.. like xeroc.. all you got to do is ask.

You got a web wallet now too.. that didn't happen without dev.

Also just the other day Dan said he was working on optimizing the client to be more user friendly.

2228
General Discussion / Re: Development seems to be suspended
« on: March 11, 2015, 04:37:10 am »
The rate at which bitshares is developing is quite good... you are just looking in the wrong place for it.

Last year when updates were coming out every 3 days.. ug.. glad we got past that. :)

2229
Sadly this route doesn't include what likely would be the most awesome part of the trip :)

But I am sure you will make due and have all kind of a awesome results.  +5%

I know I know...! We really want to make it up there!  Alas this particular journey is somewhat constrained by time and resources.

We intend to make a separate journey at some point which would take us through Toronto, Montreal, and to The Diefenbunker!
and who knows...  Cass has already suggested our next route..  ;)

http://goo.gl/eXBESG

Wow now thats a European adventure!

Yes, after the USA Tour should be a Canada tour!

2230
General Discussion / Re: Seen who's sponsoring Zerocoin?
« on: March 11, 2015, 04:16:23 am »
"Zerocash guarantees users' privacy by providing "Zerocash payment transactions" that do not reveal the payment's origin, destination, or amount of any transaction. Any transaction is recorded in the ledger as a random-looking string that suffices to ensure the monetary invariants, yet is zero-knowledge: it reveals nothing beyond the fact that, somewhere, some valid transaction occurred."

So the fix is to take away the auditing capability of transactions?

They must have had one hell of a power point! :)

2231
Wow.. must have one hell of a power point presentation!

2232
Was completely ridiculous.

Replace silkroad with newegg and all she can talk about is how by accepting bitcoin newegg was able to sell more computer stuff.

Just fearmongering.

2233
Stakeholder Proposals / Re: Remove yunbi delegates
« on: March 11, 2015, 03:48:28 am »
I am curious to see how this plays out.

From all that I see Yunbi is doing great now and don't need the delegate positions any longer. If this is the case, then they have achieved what they intended to do and become profitable on their own and no longer need the 100% position.

So the question is this... is it going to be left to us the voters to decide when they are good to go on their own.. or should delegates have a proper exit strategy just like any other business does and have set parameters at which they will either tell everyone to bow them out.. or take up a new cause for the position?


2234
Sounds like a DAC opportunity if a business plan could be made to facilitate it. One of those 'could be huge' type things for sure. :)  +5%

2235
Xeroc suggested this in the previous thread:

Recently I had a discussion in the german subforum about getting altcoins into BTS. This was my take on it:

Let's register 0% delegates for interesting altcoins and let their respective communities vote for their delegates ..
It's just the same as getting a new coin into cryptos .. you vote for them .. except that in BTS you can keep the stake you use for voting!!

Once a few altcoin have passed a certain* threshold we can make the devs add them 'for free' with the next hardfork

* this is the issue: what percentage of votes does an altcoin delegate need to have the devs agree on adding it to the dex?!

-----------

This makes far more sense to me than the cost involved in a forced merge. It's more of a win win scenario than any other.


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