Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - BunkerChainLabs-DataSecurityNode

Pages: 1 2 3 4 [5] 6 7 8 9 10 11 12 ... 168
61
General Discussion / Re: more professional price feed?
« on: January 07, 2017, 04:20:02 am »
I start to see the attractiveness in Bitcoin.

Miners have to put in chuck load of money to fight for the job of block production without demanding "reasonable market fee" because market principle and competition are the only factors that matters .

You think you can be be guaranteed fixed incomes ? Fine , don't do mining, others will do it .

There is no job security in Bitcoin. No guaranteed  status, even the big miners have to purchase more advanced mining machines from time to time to be at the top of the food chain.

As for technical advancement, I think seg-wit will come to fruition. Once you have enough capital in the field, all "issues" will be fixed overtime as time have shown.

It's not about how many dilution you can give to developers that matters.
It's about how people and capital keep rushing in regardless of the slim the chance of guaranteed of profit in the field. When you buy a mining machine, no one in the network will promise you that it will  be worth your while, but you know in your heart that the potential will be well worth the risks and efforts . 

BTS is not growing rapidly is not because we don't have enough worker dilution to pay for this and that .
It's because despite of having a suppose "high pay market salary" daily in their respective jobs , developers still feels like if you don't take BTS from the system fast enough and sell it fast enough , the ship may not be there, and it will be stupid to buy BTS with actual money while the price is low to bet on the potential of its future like the rest of the market participants.

If you trust your work will be beneficial to BTS, buy it more than the ordinary folks who have no such "in sight", hold it , develop your work , and enjoy more potentials than the ones who are not aware of the huge significance of your work.  if you are thinking about risks , sorry , that means all the talk about your work's value is pure fiction. 

Imagine if Bitcoin miners were to ask at day one to be compensated for their mining cost and guaranteed  income, will Bitcoin be where it is today ?

The same goes to witness who want to be compensated for providing a good price feed

Those are some interesting observations.. but they have nothing to do with my assertion that if you want to have any kind of professional trading going on Bitshares then we better have reliable feed data. Witnesses are not the source of that data. They can only provide as good as what is available. Taking a median of a few free sources that can and do come and go works sometimes but not all the time, and that is the issue.

I'm calling for raising the bar... I think everyone might have even forgotten when 2.0 launched that bytemaster talked about the need for more feed providers. He envisioned it as being another element in the network that would be a paid opportunity, similar to how being a hosted wallet provider was supposed to be.

Nobody ever created one though. So 'good enough' became the montra for what few free datafeeds are available. Now though, nobody would dream of creating such a service because the response would be similar to this volunteerism expectation of providing critical always on data to the price feeds.

62
General Discussion / Re: more professional price feed?
« on: January 06, 2017, 06:29:15 pm »
I think what bitcrab is getting at is that witness's should provide a quality robust price feed.  They are being paid by the blockchain to produce blocks and provide a reliable feed. Providing this reliable feed is well within the scope and responsibility of the witness and shouldn't be subsidized by a worker proposal.

That said, I know feeds for assets can be expensive.  Right now, a witness would run at a net loss if they were to subscribe to a professional price feed like Bloomberg.

The witness's that can find a balance between robustness and cost effectiveness of the price feeds are going to be the ones that get and stay elected.

Witnesses are NOT paid to produce feeds... it is an ongoing expense to witnesses. Some do not publish as often as others as a result.

If you want to have 'reliable feeds' then what I am saying is relying on free sources is by no means reliable. Those that are using a few other sources are by no means providing real 'robustness' to the network. It is paper thin now even with others publishing. So we have a choice to make. We continue to treat bitassets like a hobby, or get them to a level that is robust and reliable.

I am proposing a fix instead of a bandaide in my estimation.

In the interim I am going to stop publishing CNY as suggested and following suit with other witnesses until there are enough reliable markets available to support it.

Personally I have expected that if a witness wants to get voted in, providing price feeds is part of the deal.  The better the price feed the more satisfied I am with the witness I'm voting for.  If a witness is going to knowingly provide bad data, then all the more reason to vote them out in favor of one who will take the job more seriously.  I get that problems can occur, but this has been brought to the at fault witness's in the past and in most cases there has been little to no response.

There may not be any requirement that witness's provide price feeds, but the shareholders should and most likely will vote in witness's who provide the most value... It's capitalism and competion. And it's a better solution than having BTS pay for it.  There are already witness's out there doing a good job with the price feeds.

Plus having BTS pay for a feed that all the witness's end up using kind of goes against the whole decentralization principles.


In that case increase the block reward in consideration of feed subscriptions. I just see the worker as a quicker path.

Though if we increase the block reward and we see witnesses still not increasing their feed data then I guess that would certainly qualify them for getting voted out.

Anyways.. its not my fight anymore since the recent vote manipulations have reduced our decentralization from 27 down to 21. I am not longer a witness. My feeds on standby though are no longer going to publish CNY as I said until this is resolved. I had 5 sources and of the 5 only one is currently responding. If myself or other witnesses has reliable paid data sources this would be a nonissue. Fixed.

Maybe voting out all witnesses and leaving the 13 or so who are publishing CNY is the way to go.. lets consolidate the witness count even more to make sure we can get a good CNY price for free. If I see others agreeing with this I will turn my proxy to vote only for those 13 witnesses. Lets make Bitshares great again! <s/c>

63
General Discussion / Re: more professional price feed?
« on: January 06, 2017, 06:05:50 pm »
I think what bitcrab is getting at is that witness's should provide a quality robust price feed.  They are being paid by the blockchain to produce blocks and provide a reliable feed. Providing this reliable feed is well within the scope and responsibility of the witness and shouldn't be subsidized by a worker proposal.

That said, I know feeds for assets can be expensive.  Right now, a witness would run at a net loss if they were to subscribe to a professional price feed like Bloomberg.

The witness's that can find a balance between robustness and cost effectiveness of the price feeds are going to be the ones that get and stay elected.

Witnesses are NOT paid to produce feeds... it is an ongoing expense to witnesses. Some do not publish as often as others as a result.

If you want to have 'reliable feeds' then what I am saying is relying on free sources is by no means reliable. Those that are using a few other sources are by no means providing real 'robustness' to the network. It is paper thin now even with others publishing. So we have a choice to make. We continue to treat bitassets like a hobby, or get them to a level that is robust and reliable.

I am proposing a fix instead of a bandaide in my estimation.

In the interim I am going to stop publishing CNY as suggested and following suit with other witnesses until there are enough reliable markets available to support it.

64
General Discussion / Re: more professional price feed?
« on: January 06, 2017, 02:56:57 pm »
today a man made margin call happened again for bitCNY, about 50K bitCNY margin called, someone did price manipulation just by selling a little quantity of BTS in yunbi.

proxy bitcrab decided to unvote below witnesses, until they implement professional enough bitCNY price feeding.
spectral delegate-clayop bhuz bue delegate.ihashfury spartako fox elmato rnglab datasecuritynode

don't tell me btc38 always fail to provide price, don't ask me how to generate good price feed, you are witnesses, you should find ways to make that done.

Note - datasecuritynode wasn't being voted for by your proxy before anyway.

I would suggest we create a worker proposal to gain access to more price feed data rather than continuing to rely on bottom of the barrel free data. Vote for it?

I  don't understand why worker proposal are needed here.
if some witnesses have proved that they can provide professional price feed for free(no more than the block generation reward), then why should I vote for the worker propossal?


I'm just going by what you said.. not professional enough. I never seen free as ever being professional enough.. so I am recommending we do things professional and proper and have paid data feeds that are the same quality as all the major forex markets around the world.

65
General Discussion / Re: more professional price feed?
« on: January 06, 2017, 02:10:33 pm »
today a man made margin call happened again for bitCNY, about 50K bitCNY margin called, someone did price manipulation just by selling a little quantity of BTS in yunbi.

proxy bitcrab decided to unvote below witnesses, until they implement professional enough bitCNY price feeding.
spectral delegate-clayop bhuz bue delegate.ihashfury spartako fox elmato rnglab datasecuritynode

don't tell me btc38 always fail to provide price, don't ask me how to generate good price feed, you are witnesses, you should find ways to make that done.

Note - datasecuritynode wasn't being voted for by your proxy before anyway.

I would suggest we create a worker proposal to gain access to more price feed data rather than continuing to rely on bottom of the barrel free data. Vote for it?

66
General Discussion / Re: Bots
« on: January 04, 2017, 07:16:49 pm »
Are you crazy? Bots is one of few good things currently happening in bitshares.

YES, EXACTLY THIS!

And how are you going to outlaw them? Restrict access to API? Good luck watching bitshares dying then.

Yep yep yep.  Bitshares needs MORE bots, not fewer (or none!).

Don't forget that bots are also feeding funds back into the reserve pool (yes, still small but growing).  I don't foresee any way Bitshares reserve pool becomes sustainable without bots.

So, LET'S KILL THIS IDEA RIGHT NOW!  Bots are GREAT for Bitshares and are here to stay.

I was making this point about us needing more bot support in Bitshares if we want to see more liquidity yesterday in telegram.

I actually think this is something that should have priority over the GUI.

Bots bring liquidity

liquidity brings real users

users demand GUI

deliver better GUI


67
[member=4854]vikram[/member] or [member=9289]Agent86[/member] can we have a status update please? I emailed you but no reply, I hope you guys are well.
 
We are paying you about 300,000 BTS per month and I do not see any github commits for ~2.5 months now:
 
https://github.com/vikramrajkumar
https://github.com/vikramrajkumar/dotfiles/commits/master
https://github.com/bitshares/bitshares-2/
 
I know R&D can take some time, but we voted for "soledger" because you are already experienced with Bitshares, so could move things along quickly.
Weekly updates would be really nice please, even if it is just a few sentences.
 
There is a lot of work to be done:
https://github.com/cryptonomex/graphene/issues?q=is%3Aissue+is%3Aopen+sort%3Acreated-asc

Replying to your email right after this Ken. Sorry for the delay I've been mostly offline between Christmas and New Years.

To be clear, since my initial work in November, I have nothing to report for December. Lance and I ended up heavily focusing on our internal Soledger project this past month.

In January, I intend to switch gears and make progress on BTS including making up for December. As I mentioned in my previous update, the primary thing I am considering next is to update fc with upstream patches from steemit/fc.

In the long term I think this is important to do because at present, fc has problems building with newer versions of the Boost library as well as with the Clang compiler. As time goes on, I want to avoid compatibility issues like this preventing people from building/developing BTS in newer system environments.

Again, this will require alot of care to avoid including for example changes to JSON serialization to avoid changing the BTS API. The Boost compatibility upgrade is also specifically a major change and will require more analysis to see the feasibility of it working with BTS. I've had some discussion with [member=8014]modprobe[/member] (https://github.com/nathanhourt) and he is also interested in an upgraded fc for the compatibility reasons I mentioned.

I will also review the issue tracker for low-hanging fruit. To reiterate however, the scope of this worker is focused on administration and essential maintenance as described in the OP and my later reply https://bitsharestalk.org/index.php/topic,23495.msg300215.html#msg300215, so I think monthly (rather than weekly) status updates strike a good balance. If anyone is running into specific bugs that are preventing them from doing something please let me know.

All that being said I am open to any feedback from you guys. Happy new years all.

You should be aware [member=4854]vikram[/member] that today you were voted out due to lack of activity.

Just making you aware in case you are not watching.

68
General Discussion / Re: Why is the price of bitShares so low?
« on: December 25, 2016, 12:47:56 am »
Yes! I found the Chronos video, "Bitshares Inflation Rate VERY informative.

Quote from: KenMonkey
Peerplays has been good for BitShares. It's only tradable on our exchange rn and all BTS holders (back in October) will get some Peerplays as a nod to BitShares tech playing a central role. Pretty cool. So I get some 100 Peerplays. Can't say no to that.
Steem did us no such favors and some are bitter  *cough* liljay *cough*. Lol. Devs and even Dan are under no obligation. BitShares can stand on it's own.

I know I'm just a newbie here but, looking at this with fresh eyes, that's the problem right there! bitShares allows tokens which become coins in their own right, to be created for a one-time flat fee. What? Like $30. Then using the bitShares technology, they go on their merry way and reap all the profits. Tokens and assets based on bitShares need to pay rent, (fees). Every month, some of these new assets need to be returned to bitShares, where they can be sold and placed into the Reserve Pool. The more valuable the assets become, the more money flows back to Reserve Pool. Its' only fair. Then there would be plenty of income, for workers, witnesses and further development.... AND... suddenly bitShares would regain all it's lost respect.

PS: Of course, in such a scenario, the amount of such a monthly fee could not be based on the Available Tokens but rather would need to be based on the average Market Cap for the past month. (Ie: moving average.) Also... my apologies if I've been too presumptuous in posting such a suggestion, as I admit, my understanding of the existing architecture is very limited and this may not even be possible.

There is 'rent' in a way.. you need to keep your fee pool filled with BTS no matter what asset you have. Any assets pairing with BTS are paying fees to the network as well.

The idea though is that once you have one trader in Bitshares trading one particular asset it is anticipated they will trade others, with that other UIA owners make money, and BTS network as a whole does as well. It's the network effect. At least, that is the general idea. I have seen this happen in someone cases, and not in others. I saw a number of new Peerplays holders go on to try trading Gold and Silver here. Others became aware of other ICOs also as a result and participated in those. Effectively Peerplays brought a lot of fees and other activity that enriched the whole bitshares network. The expectation is that others might do the same, but it rarely happens only because of law of averages when it comes to success and failure in startups and the low barrier to entry making it easy for amateurs as well... which raises those averages of failure much higher.

An ongoing monthly fee like you suggest introduces a lot of complications as well.. the fee pool generally does this job well enough and is based on trade volume.

69
asking for a friend:

So since the BTS snapshot day , he has done no operation regarding peerplay. How should he get his sharedroped peerplay in the future ?

Please review our original announcement:

http://www.peerplays.com/news/bts-snapshot-date/

What is a Snapshot section answers your question.


70
If you wish to transfer your PEERPLAYS tokens to another BitShares account, please send 30 BTS to “freedom-ledger” from the account your PEERPLAYS tokens are currently being held in, along with the memo: transfer, [number of PEERPLAYS to transfer] PEERPLAYS, [account where PEERPLAYS should be transferred].

For example, if you wanted to transfer 10 PEERPLAYS from the account “alice” to the account “bob”, you would send 30 BTS from “alice” to “freedom-ledger”, and write in the memo: transfer, 10 PEERPLAYS, bob

Alternatively, if you are still holding your PEERPLAYS tokens in the first account you created after the 2016 crowdsale, you can create a service ticket at https://secure.peerplays.com. In the body of the request you should include your account name, followed by the number of PEERPLAYS you wish to transfer, and then the name of the new account where you want your PEERPLAYS transferred to.

Please be sure your requests are submitted before December 26, 2016 at 12:00am EST, and allow several hours for verification and processing.

71
General Discussion / Re: btc38 hacked and 10M BTS stolen
« on: December 22, 2016, 02:40:51 am »
This looks closer to 20m BTS lost!

Quick.. someone create a prediction market on what the hacker is going to do with it!

72
General Discussion / Re: more professional price feed?
« on: December 21, 2016, 01:19:27 pm »
There are rumors that btc38 is hacked.

I have never been able to reliably get data from btc38 for anything for a very long time. Their feeds always timeout no matter how high I set the wait.

If they have been hacked that is also bad news though.

73
General Discussion / Re: more professional price feed?
« on: December 21, 2016, 02:52:13 am »
this happened  many times, the price wrong more then 10%.
every time I point this out, the answer is why you think your price is correct and mine is wrong?
so I just cancel my vote for these witness.

thanks bitcrab, I will remove these witness this time:
spectral delegate-clayop bhuz bue delegate.ihashfury spartako fox elmato datasecuritynode

                "CNY" : {
                    "metric" : "weighted",
                    "sources" : ["btc38",
                                 "yunbi",
                                 "huobi",
                                 "btcchina",
                                 "okcoin",
                                 ]

All of these are enabled on datasecuritynode.. problem is only one of them is responding at the moment. I think the others will chime in soon enough on this matter when they see the same I did.

This is the first time *I* have seen where only one was responding like this. I appreciate the attention given to explaining things, but the conclusions made in assuming that witnesses have chosen to "just get" one source is outright presumptuous and false.

[member=4465]alt[/member]  I never had your vote before so not sure why you are saying now you are removing your vote for datasecuritynode. I think this seems a bit over the top... not to mention all those witnesses are long time trusted ones. This whole thread of single source feed accusations is really what is the disappointing result from this test.

How about a simple note at the end asking witnesses to check their feeds instead? Here instead we find false accusations and others claiming to vote them out. Not to mention the thread title is insulting as well. Again, not helpful. Appreciate all you guys do, but this could have been handled better.

Oh, there is a telegram witness channel that could have been used too.. instead of the public display.. you have access to it and could have directly contacted the witnesses in question. Instead a public post to bring about less public confidence? Really? Could have been handled better.


74
General Discussion / Re: [Evaluation] Need for a better python library?
« on: December 21, 2016, 12:29:06 am »
So.. I am among the private companies that is getting all kinds of programming work done by Xeroc to work with Bitshares but am not sharing our code because, well, we paid for it. I would prefer if these tools were made available generally to the public though.. it would not have just saved us time and money but I am willing to bet that others would have considered bitshares if the tools were that to make the barrier to entry not so high. This worker is all about that, and this is essential for adoption. I lost count of how may have come an went because of the lack of supporting tools like these. Ethereum largely captures projects because of these type of tools.

If you want to argue otherwise, please look at the past year of adoption and make your case. Good luck with that.

What is also interesting about this worker is that it has been setup with a focus on improving and utilizing our bitassets while also incorporating Committee and trusted member oversight. This can provide a good test if not a standard for future worker proposals that could potentially lead to better ones in the future.

So yes, I am supporting this.. and hope we can have voting support for this to see it through without being short sighted about whatever circumstances Bitshares price goes through and recognizes this as a long term positive impact to the price.

Vote YES to Growth!

75
General Discussion / Re: [Discuss]Why we reject all Bitshares workers?
« on: December 19, 2016, 03:23:24 pm »
Whole idea that a company can be managed by a crowd of shareholders is utopia, because shareholders don't understand a shit about how a company works. In real world, companies are ran by experts. Voting exists to collect input from shareholders, and based on this input, experts make their educated decisions. Bitshares proved that crowd can't manage nothing.
We have proxies for that .. call them managers if you like

True...  +5%

Pages: 1 2 3 4 [5] 6 7 8 9 10 11 12 ... 168