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General Discussion / Re: [ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners
« on: April 01, 2016, 07:31:03 pm »sounds like a well prepared April Joke!
Yea, something about this stinks.
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sounds like a well prepared April Joke!
Yea, something about this stinks.
![]()
This is a weakness in the system that we really should fix. Here is my proposal how to do it: Non-transferable BTS & BitBTS – We need to make Bitshares more resilient.
what does "nontransferable" BTS solve?
It forces exchanges and their customers to use BitBTS instead of BTS. It will also help with voter apathy, because more voting power will go to hands of those who are interested in voting. Those who just want to speculate on BTS price are able to do it with BitBTS.i assume we can trade them? as poloniex i just need then to trade BTS against POLO.BTS and they have them again on their accounts. For me this
is not the right direction. we are here to get more "financial freedom" but want to restrict it in parts who are not welcomed. We need other solutions.
But why would Poloniex do that? It just makes everything more complicated than it needs to be. From their point of view, it's just much easier to convert everything to BitBTS and use that. Customers can move BitBTS into and out from Poloniex, so they will prefer it to BTS that can't be moved.
When this was discussed a while back, biggest reason for rejection of idea was that it was too difficult to implement. With my proposal it should be possible, because it's broken into several steps that are feasible and practical.
It's a great idea for starting a new network.. but for the existing one.. attempting to make the migration will be just as painful as attempting to get everyone to vote.. so in the end.. we will benefit more if people started voting vs. changing/confusing our core asset model.
If it is good for a new chain, it is also good for an old chain. We should be thinking how to be the best chain in the market, not just apathetically accept that we are in a situation where we can't change anything anymore.
I agree that we shouldn't be planning new features anymore, but this is not a feature for our customers. It's a security feature. It's essential. We have to show to the world that we are capable to fight against threats like badly voting exchanges. The threat isn't only that good workers are downvoted, but this kind of attack can be also committee attack, where somebody changes blockchain parameters in a harmful way. By making BTS nontransferable we effectively disable all possibilities to these kind of attacks.we could make a list of the biggest account not voting and send to them a lot of 1 UIA transaction with a memo to recall them to vote so we get their attention.
The UIA could be named "voting", I create it, distribute it and every time someone sees a not-voting-account we send to him/her some "voting" UIA.
The memo could be a reminder of the importance of voting and a link to a youtube video explaining how important is to keep bts in the wallet and how to easily vote for proxies.
Good, bad, stupid, interesting idea ?
Not bad, but not necessarily very effective. Our system has a weakness: it doesn't incentivize good voting behavior. We should be thinking how we can change the system to work better, not only think how to act in a bad system so that it wouldn't be so bad. In the long run bad system will always give bad results, even when it's run by good people.
This is a weakness in the system that we really should fix. Here is my proposal how to do it: Non-transferable BTS & BitBTS – We need to make Bitshares more resilient.
what does "nontransferable" BTS solve?
It forces exchanges and their customers to use BitBTS instead of BTS. It will also help with voter apathy, because more voting power will go to hands of those who are interested in voting. Those who just want to speculate on BTS price are able to do it with BitBTS.i assume we can trade them? as poloniex i just need then to trade BTS against POLO.BTS and they have them again on their accounts. For me this
is not the right direction. we are here to get more "financial freedom" but want to restrict it in parts who are not welcomed. We need other solutions.
But why would Poloniex do that? It just makes everything more complicated than it needs to be. From their point of view, it's just much easier to convert everything to BitBTS and use that. Customers can move BitBTS into and out from Poloniex, so they will prefer it to BTS that can't be moved.
When this was discussed a while back, biggest reason for rejection of idea was that it was too difficult to implement. With my proposal it should be possible, because it's broken into several steps that are feasible and practical.
In the end I reckon we should remove all non-OPEN assets from Openledger (default pairs) and even the bridges and gateways. They'll all be available in the light client but Openledger should prioritize their own assets in their hosted wallet.
So let me see if I get it right.
BTS pays a worker for the GUI development... this development 'improves' the wallet by removing non-OPEN assets from the wallet (aka reducing the available choices to customer-owners-BTS-holders).... and this is all done so OL's products are not confused with the products of the competitors.. [products hidden include the BTS flagship product - the bitAssets -as well, isn't it]
In this whole thing OL pays nothing because?... ok, all right, it is the leading wallet for BTS....
Nothing personal svk, I just think this flashes out how the whole worker system is screwed in far more ways than one.... and @BunkerChain Labs I see how you see the system being attacked by the so called "anti-dilutionalists"... if you are able to see the trueth regardless of your own agenda/bias... the above is an example how it is attacked by full-on-No-checks-dilutionalists as well.
Things/stuff is very rarely black or white...
Anybody signed an agreement? Do we gave to MS any BTS rights to let us get on Azure?
The developers of NEM are very skeptical about their integration...
We spent a considerable amount of time getting this done. Unfortunately,
at the last stage of our submission we were shown the agreement.
In the agreement, to put our solution up there, requires us to give away all our rights.
This is not quite palatable.
read more.... http://blog.nem.io/status-on-the-azure-project/
Well, let's not get carry away with this anti dilution thing.
Better to look to solve this situation in a smart a peaceful way
I support the suggestions thus far. I think I'm too new to be on the committee, but would like to contribute links, articles and such to the social media venues.
Dilution is in big part coming from the merger and nothing can be done about it, just wait until november.
I think we don't need to wait until November.... and nothing should be done either.... Why?....because dilution is already priced in on BTS !!!
so I really think BTS will increase very soon.... and SHARPLY !!!
PS don't forget that very often the market behaves in the opposite direction of what the most believe... that was about the "rule" for BTS after all...
We are looking someone who would like to take over day-to-day management of the BTS Social Media (Facebook, Twitter, etc).
If you have skills in this area and think you can improve things post here for community feedback. Let us know how you would run them.
I've already know one guy who brought BTS sold a lot and getting it back by worker dilution .
And who is the guy?
why do you want to know , it's not like he done something wrong . It's just the system that encourage him to do so .