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General Discussion / aboutBTS -- updates about BitShares in China #3
« on: January 03, 2015, 05:08:07 pm »

Starting from this volume, we are going to focus on the news about BitShares in China, and news in EN will be released to the Chinese BitShares board. If any one is interested in a specific topic below , please post which thread you want to know more detail about and we'll translate it to you when we have the time .

Previous volumes:
volume 1:
volume 2:

Technical Support / Re: Video Tutorials of using BitShares wallets
« on: January 03, 2015, 04:58:12 pm »
thanks for your awesome contribution.

I think the video:
is a bit outdated - there is no "if you need BTS to finish account registration, just post your public key here" thread any more.

Now there is "Account registration faucet for new users!"
with the link to the faucet

You probably need to update it.

Thanks for the great work again.

Thanks for your opinion. Actually, I encountered some bug while using faucet to register sub-account.
I had no problem registering my account using faucet. But the faucet did not allow me to register my subaccount, even when I choosed to pay by my self. I will change this video when it is fixed.



最近在运行BTS钱包时出现一个窗口:Critical Error     An instance of Bitshares is already running! Please close it and try again.


2、开始---运行,输入   %appdata%/bitshares   确定
5、如果连接数少,控制台输入 network_set_advanced_node_parameters  {"desired_number_of_connections":25, "maximum_number_of_connections":25} 
然后回车,看到“ok” 。这个步骤是增加网络节点从而加快同步速度。



General Discussion / The summary for the progress of Bitshares in 2014
« on: January 03, 2015, 08:56:24 am »
hugecoffee have brought us a review about the progress of BitShares in 2014, including the progress in China. He also talked about what can we expect about BitShares in 2015.

Technical Support / Video Tutorials of using BitShares wallets
« on: January 03, 2015, 08:47:30 am »
We have made some video tutorials of using BitShares wallets. I think these tutorials can act as some convinient tools while introducting BitShares to newbies. Currently ew have made:

1. How to downlaod and install the latest bitshares wallet

2. Creat and register your account and sub-account

3. How to backup and restore your BitShares wallet

4. How to backup your BitShares wallet in a JSON file

5. How to buy BitUSD in BitShares wallet

6. How to use BitShares wallet in your favorite browser

7. How to login to using BitShares account

8. How to test BitShares mobile wallet (by ElMato) in desktop computer

9. How to post messages on the wall of any account

10. How to use BitShares wallet in your web browser with command line wallet (Windows)

11. How to try out BitShares wallet without installing it

12. Help testing new features in DevShares

Any feedback or idea is wellcomed.


中文(Chinese) / 英文区情报志v1
« on: January 01, 2015, 03:32:35 pm »
Logicalgrackle在他的blog撰写专文探讨了所谓的stablecoin (也就是相对币值稳定的数字货币). 他提到: “比特币的技术给了我们工具来创造完美稳定的货币, 让我们可以取代银行发行的货币.”

文中首先他题到了比特币具有相当的波动性, 但是Bitreserve跟Coinpault Locks提供了一种服务来保存”等值于多少美金的价值”的比特币.  这样的服务提供的是一种”承诺”, 因此你需要相信这间公司会信守承诺.

接下来他提到所谓的stablecoin就是将这样的承诺带到区块链上面, 并因此让这样的承诺无须信任并且可以转移.

最后他提到这样的概念已经在比特股区块链上面实现. 而未来比特币可能也会用侧链的方式实现stablecoin.  他也预测人们不会只使用一种stablecoin, 因为这样的stablecoin将对手方风险转换为系统风险 (也就是该系统崩溃的风险), 因此将资金分散在不同的stablecoin之间可以风散这样的系统风险. 另外作者也提到这样的风险可能实际上是很小的, 因为每个系统都会采取措施来极小化风险, 并且在问题发生时采用更好的策略.






Jsidhu (就是要做bitUSD/CNY在线商成购物车那位)回报了他最近的进展, 收先代码在这里:


1)    ECWID 演示:
2)    OpenCart演示:
3)    WHMCS演示:




Bitmarket释出了他录制的比特股电视节目 (BitShares.TV)第四集


1.    以太的共识算法是什么?
2.    他们的创始区块配置为何?
3.    他们何时发布?


小天才 (vitalik)回说你干嘛不直接问我呢? 并且回答如下:
1.    以太1.0将会使用修改过得hashimoto PoW, 1.1的时候改用slasher PoS
2.    60102216 ETH给买家, 5950119ETH作为给早期贡献者的预挖, 5950119ETH捐给基金会. 未来几个月之内将会公布一个json档案
3.    计划是三月20号



Julian1 发起了一个实验性质的比特币/BTS网关. 目前要求你的比特币/比特股都是用同一个5做开头的私钥, 然后你就可以透过这个网关, 从比特币钱包发送比特币到网关并在比特股钱包得到GATEBTC作为IOU. 也就是说, 每一个GATEBTC都可以1:1兑换回比特币.


General Discussion / MOVED: Where the f** is my vesting balance!!!!!
« on: December 31, 2014, 06:09:40 am »

I read though this article and I think it is great! Moreover, I think you can also address 2 things in it:
1. bitUSD and bitCNY are not just stablecoins. Besides having price stability, bitUSD and bitCNY also have yields for holders (not for issuers in nubits). This could be a good reason why people would choose bitUSD/CNY over other stablecoins (i.e., additional values).

2. In the final section of this article:
Customers will buy stablecoins when they need them, and merchants can sell them upon receipt until they trust them.

In my opinoin, people would buy bitcoins when they need them, and store in stablecoins for the rest of time. It is because bitcoin has price volatility and stablecoins like  bitUSD/CNY have yields. Therefore, bitcoin is only 'a method of transmitting money', as Warren Buffett said, and stablecoins are meant to be kept for longer times.

General Discussion / Re: aboutBTS -- updates about BitShares
« on: December 27, 2014, 04:32:38 pm »
aboutBTS -- updates about BitShares #2

I modified the format, placed links in the references section in the end to improve readability.

#8 Step by step forum updates happening
bitsapphire announced he is going to gradually update forum without interference of usage patterns of anyone.


#9 The Benefits of a Contract Free Society
bytemaster said in his opinion ' contracts as we know them are the Achilles heal of attempts to form a libertarian society', and he listed several reasons:

- As contracts requires 'lawful object or purpose', you can not make a contract that is about anything that against the law.

- Also contracts are dependent on enforcement, and a contract without enforcement is 'nothing more than documentation of an agreement among honorable men'.

- On the other hand, 'There are many laws on the book governing contracts and what kind of contracts you may or may not enter into. You cannot sell debt or stock to the public because those contracts are regulated contracts and require SEC approval'.

And he proposed 'blockchain technology' as a better alternative:

- A distributed ledger is designed to track property rights in clear unambiguous terms. Rothbard’s definition of a contract could be entirely encoded into a block chain because “all legitimate contracts implies theft of property”. It is fairly easy to ascertain whether or not property has been transferred and who owes what when you have a public ledger.

- With smart contracts it is also fairly easy to automate the change of ownership in such a way that no one can “enforce” a contract and no one can “fail to enforce” the contract.

- BitShares is the foundation of a non-violent consensus on property rights that replaces the use of force to physically reallocate property.

Finally, in a contract-free society, 'no one is compelled to act. There is no need to force anyone into court. There is no need for government'.


#10 Stop the Crowd Sales! Long live Crowd Funding!
bytemaster used BitShares, which 'had one of the largest crowd funding campaigns and has had an opportunity to learn a lot from it', as an example to explain why he doesn't recommend doing it. It is because 'when a project attempts to raise money from the public through a straight sale of tokens it invites all kinds of regulatory uncertainty that is difficult to measure':

- Tax issue: 'The primary issue with crowd sales is whether or not you create a security and how should the money received be taxed. Almost the only way to accept funds without owing taxes on them is if you are claiming to sell equity in a startup and treat the funds as a capital infusion.'...' If you sell your tokens as digital property then chances are you owe income tax and/or sales tax. To avoid the income tax you need to make sure your expenses occur in the same tax-year as your crowd sale.'...'you have to sell your BTC immediately upon receipt of your crowd sale so that you can make sure you have enough money to pay taxes.'

- Security issuance issues: 'If you don’t sell your tokens as digital property but as shares in your business then you could potentially fall under SEC guidelines. '...'Even if you attempt to sell your tokens as a pre-sale, a pre-sale becomes a liability and a debt.'...'You will only create a demand for transparency and a tendency toward public criticism of how you use the funds.'

- truse issues: 'A crowd sale, especially a large one, places a lot of trust on those that receive the funds. This is a massive target for government confiscation and or theft.'

-public perception issues: 'There have been hundreds of crowd sales and the default perception is that they are scams until proven otherwise.'...'In some cases the PR issues can be enough to kill a project or at least outweigh the value of the funds received. Nxt suffered from this issue to some extent.'

- liquidity issues: 'People that participate in crowd sales have learned the hard way that their “investment” is not liquid'...'This lack of liquidity hinders your ability to raise funds and creates unnecessary stress if your project is delayed.'

Finally he proposed how BitShares currently works as a beter alternative:

- 'Launch a proto-chain based on BitShares. Every BitShares network is self funding through 101 delegate positions that receive income just like Bitcoin miners. This income can be scaled as a percentage of the total issuance depending upon the project and allow an arbitrary amount of incentives to fund development.'

- 'Stop the crowd sales, pre-sales, IPOs, ICOs, and instead launch a product directly and fund upgrades to the product through the delegate pay.'

#11 follow up of #2
RenaudGagne asked that whether he could 'approach and others like that with BITUSD? ' As he mentioned in the end, 'btcjam and the like are probably hurting from bitcoin price volatility. BITUSD could solve their problem and benefit BitShares by growing the market cap.'

Mysto said that he is curious about how btcjam ' are able to issue loans everywhere like that (legally)'


#12 Clarification on terms: "official", "unofficial", and "3rd party"
alphabar said because of the merger/dissolution, the meaning of 'official/unofficial',  and '3rd party' should be clarified. He proposed that 'official' is about 'anything supported by a shareholder consensus of BTS', anything other than BTS should be tagged as "3rd party" (PTS, Sparkle, Music, etc.) and anything BTS-related that has not gained consensus is "unofficial".'

#13 the countdown for is over:

#14 Follow up of #5
charleshokinson said he is 'creating some bitshares content for my udemy course update'. bitmarket said his book 'BitShares 101' suffices this purpose and he could convert it into video easily.

#15 We've had a USD onramp this whole time.
toast said there is already USD on ramp at the CCEDK exchange, just that it only has tiny BTS trading volume:

However, they did change btsx to bts while being told by Gentso1. Furthermore, they had plan to support BitUSD:

#16 How to lure top devs into being hired by BitShares
fluxer555 asked how can we attract top developers to work with BitShares.  gamey said the average pay of developers in US is '95k which is around 8k a month.   AVERAGE.'

luckybit mentioned that 'Chinese people put most of the money into Bitshares and once their marketing side figures out how the delegate system works there are plenty of C++ programmers in China willing to work for that pay.  Honestly one of the good things about working for a blockchain is that you can move around and your job follows you.' He also said that 'The pay of developers or of any employee of a startup is supposed to be tied to the success or failure of the business. It's supposed to be a risk working for a startup vs working for an established company but also a chance to get rich.'...' These developers are rewarded when the share price rises and they become rich because the success of the business is what makes them rich.'...'If you pay developers 10k a month they will have no incentive to care about the business and you'll have developers who might not care as much about the vision as they care about making a quick buck.'

In addition, toast said 'there's not a chance in hell we will have scripting before ethereum is launched and popular among devs with a good toolset. We need infrastructure devs more than blockchain devs. The make-or-break app (bitassets) is already done.'

#17 Mobile Wallet - Testers needed
ElMato said 'in the beta version you will be able to register your name '. Also, there is testing wallet for iOS available. ' If you want to help us test PM you device UUID or go to build it yourself!'

#18 Monero CryptoNote Ring Signatures vs TITAN
islandkin asked if anyone could compare monero cryptonote ring signatures and TITAN. toast answered that 'CN provide an additional layer of anonymity. TITAN is just stealth addresses. Neither are "truly anonymous" and network analysis is still a huge problem for both.'













Things have changed since the merger/dissolution. If you insist upon using the terms "official" and "unofficial", I'd like to propose that going forward you use the term "official" to refer to anything supported by a shareholder consensus of BTS. Anything other than BTS should be tagged as "3rd party" (PTS, Sparkle, Music, etc.) and anything BTS-related that has not gained consensus is "unofficial". I prefer to avoid these terms entirely, but if someone insisted on labeling something as "official" I would point them to the blockchain. Just my 2 bits.

Good idea. To do this, we need to specifically define what is the content of 'shareholder consensus of BTS'. I think this is especially impartant now that everything is running based on it, and such consensus is the key part of our community. Especially, if such censensus is not clearly defined, nothing can be viewed as against the consensus even when actually it is.

General Discussion / aboutBTS -- updates about BitShares (latest issue: #2)
« on: December 25, 2014, 06:53:08 pm »
Why we start this series of articles?
This series of updates about BitShares is started because I miss the ‘old times’ when there were ‘status updates’ of every DACs when bitshares toolkit was under development. I could easily catch up news and progress of every aspect without tediously reading every article from every source then. When I wanted to discuss some news with others later, all I have to do is share the link of these status updates. Today when I discuss with someone else, frequently I just cannot remenber where I read about it. Therefore, I think we all need a series of articles that record briefly about ‘who said what’ with links to the orginal articles, so people can conviniently read and quote later.

So contents of this series is going to be mainly composed of 'quotes' and 'reports', rather than 'comments', and as brief as possible. People who want to know details about each topic can follow the link in the beginning of each topic.

Series #1 Date: 12/26/2014

islandking asked about the the release of new bitshares client.
bytemaster answered:
We are bundling a lot of new features in the next release.
It should be out by Christmas.”
and he mentioned that this release is “Note 1.0, but will be close

joele said people can see the version milestone of bitshares here:

from this screenshot, we can see the v0.4.28 has ‘past due by 3 days’, and ‘v0.4.29’ is 42% complete

then bytemaster said about this delay:
“What happened was an unexpected security issue and bugs that resulted from the fix.   We lost a week there.
What happened is what always does with software. ”

RenaudGagne was interested about p2p lending and asked ‘how can we do this as a DAC?’
bytemaster answered ‘collateralized lending is planned for BTS’. Also, the devs are developing a ‘ a global ID / reputation system’ that could be used to uncolateralized lending.
bitsapphire mentioned that he wanted to implement this via ‘IOU tokens()like bonds + erternal credit rating feeds’

bluebit asked about the BitUSD on ramp because he doesn’t really like Coindbase or Circle.
toast said he does not expect BitUSD onramps like coinbase or circle in short term, but on ramps for small amount of BitUSD is possible.

cryptosile made two new video showing how to short bitAssets and how they work:
bytemaster used his video to made a blog post ‘How to short & cover a BitAsset’:

testz mentioned there is course about bitcoin basics:
The Bitcoin Basics - Udemy
and he asked should we create something similar for BitShares.

bytemaster revealed his plan to do a ‘graph database on a blockchain’. He mentioned that the reason for this is because current common databases are not suitable for being blockchain-based databases. He also proposed some possible examples using this technology:

Forum of linked Posts
Web of Trust
Identity Management
Organization Membership
Domain Names

Then he said this technology will be the foundation for scripting language in BitShares. Finally, bytemaster said the bitshares library already have some features of this technology, and new features will be tested in devshares in advance.

In addition bytemaster said he was ‘working with graph databases prior to starting bitshares’.

toast mentioned that “DevShares was NEVER intended to be a sound investment or a good place to store your value. If you are complaining about DVS allocation, you simply don't understand its function!”
And he said in his title: ‘You guys don't understand devshares.’
btswildpig quoted what bytemaster said before in here:
which is different from what have happened actually.
So, toast replied that he is going to ‘ask Dan and Stan to make an apology for not communicating with each other’.

2、进入钱包控制台,输入 wallet_dump_private_key abcde     回车(abcde是你的账号名),直到看到一串东西冒出来,就是私钥,将这串东西复制到其他地方,别让其他人看到,也别轻易放在网盘、qq、邮箱等地方。你有多少个账号,就重复多少次这样的操作,然后退出钱包。(File菜单---quit)。
3、开始----运行----输入  %appdata%/bitshares  ,然后确定。
6、进入控制台,输入wallet_import_private_key XXXXXXXXXXXXXXXXXXXXXXXX  并回车,这时候会看到你的账号名。(这里的xxxxxxxx是前面复制出来那个私钥)。你在第二步导出了多少个私钥,就重复多少次这样的操作。
7、控制台输入 network_set_advanced_node_parameters  {"desired_number_of_connections":25, "maximum_number_of_connections":25} 
然后回车,看到“ok” 。这个步骤是增加网络节点从而加快同步速度。

另外,图形界面控制台的操作是需要输入两次回车,才能成功确认的,第一次回车只是将命令打到文本框里,第二次回车才是真正执行。真正执行后,文本框下面的灰色方框会有相应的提示,最简单的提示就是“ok”  。

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