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Topics - luckybit

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151
General Discussion / Good time to buy BitUSD? BitGLD or BitCNY?
« on: October 19, 2014, 07:01:04 pm »
Price seems to be collapsing. It seems the only way to store your wealth is to buy BitUSD, BitGLD or BitCNY.

Which one is best to buy to save your wealth from the collapsing BTSX price?

152
General Discussion / Flexibility Is Key To Innovation
« on: October 13, 2014, 06:53:34 pm »
And innovation is the key to victory.

https://www.youtube.com/watch?v=EHi-FvzTHNo

How can we promote flexibility? How long is it going to be before we have Turing complete scripting? Can we get it before Ethereum is released?

I think the key to victory for the Bitshares ecosystem is to continuously increase the rate of innovation and an easy way to do this is to give developers as much flexibility as is safe.




153
General Discussion / Brian, contact BitWage immediately. More important than payment processing.
« on: October 10, 2014, 06:46:42 pm »
https://www.youtube.com/watch?v=B3jrGkDXbBk

If we can get BitWage to accept BitAssets like BitUSD then people can work for BitUSD or any other BitAsset.

Spending BitUSD isn't a problem right now. Earning BitUSD is the problem. So how can we change payroll so people can earn BitUSD by the second?

154
General Discussion / Could this become a DAC?
« on: October 04, 2014, 11:24:44 am »
"Huginn is a system for building agents that perform automated tasks for you online"
https://github.com/cantino/huginn

If not then can it be implemented on the Bitshares toolkit? Maybe these automated agents could receive micropayments for tasks?

155
General Discussion / Feds: Butterfly Labs mined bitcoins on customers’ boxes before shipping
« on: September 30, 2014, 03:08:30 am »
This could not happen with Proof of Stake...

http://arstechnica.com/tech-policy/2014/09/feds-butterfly-labs-mined-bitcoins-on-customers-boxes-before-shipping/

156
General Discussion / Content acquisition, licensing and acquisition | DAC
« on: September 28, 2014, 09:55:38 pm »
Content acquisition, licensing and acquisition | DAC

Formats: Film, TV, multiple digital formats, Cross Platform and Transmedia
Platforms: TV, Mobile, IPTV, and more.
Business models: TV, PAY TV, VOD (Video on Demand), Subcription, Ad-supported, Download to own, etc.
Clients: Producers, Distributors, Sales-Agents, Startups, and more.


The idea is to have a DAC which can purchase content from content producers and then license that content to commercial and corporate entities on behalf of content producers. The DAC should also distribute the content.


Is it possible to build? This DAC would have to interact with entities who adhere to the current set of copyright laws. The DAC would have to respect copyright but would it be able to do this yet still be a DAC?

It seems Linux has found a way to allow people to watch copyright protected content and do these sorts of functions. The question is how to build a DAC which is attractive to content producers, where content producers (especially film makers) can still profit.

The other idea is you can buy ownership off of content producers and do what you want with it. So if the DAC itself makes a profit it can just buy the rights to a catalogue of music, films, scripts, books or whatever.

Your thoughts? Is it possible to do this or should this thought be scrapped?

157
General Discussion / Let's offer cash back in Bitcoin/BitUSD instead of fiat/coins?
« on: September 26, 2014, 09:56:26 pm »
A way to increase adoption of Bitcoin and BitUSD as an alternative to ATMs is to let convenience stores and gas stations give Bitcoin back instead of cash back from purchases. This way anyone can purchase anything from a store and get Bitcoin/BitUSD back.

So why isn't anyone doing it? When it's a few bucks then storing it in a password protected Bitcoin wallet is safer than storing it as cash so why not?

158
General Discussion / Banks may not exist in 2025 and Bitshares X may be part of the reason why.
« on: September 24, 2014, 07:30:30 pm »
If you're a delegate or user of Bitshares X right now then you're a part of history. Whether Bitshares X succeeds or fails it will change banking technology and reshape the banking industry.

https://www.reddit.com/r/Bitcoin/comments/2hbum8/pwc_says_traditional_banks_may_not_exist_by_2025/

Other decentralized technologies are not a threat. They all contribute to the innovation which will alter the course of history hopefully for the better.

159
General Discussion / Can Linux Distro's be convinced to include Bitshares X by default?
« on: September 24, 2014, 04:26:02 pm »
Imagine if Bitshares X were in Fedora, Ubuntu, Suse, Mint, by default?
Why not push to get it included along with Bitcoin?

160
General Discussion / Identifi does decentralized identity right
« on: September 18, 2014, 01:26:19 pm »
Quote
Identifi is a decentralized address book that helps you keep your contacts up-to-date. You can connect your name, e-mail, phone number, bitcoin address, photo etc. into the same online identity and get verified by your social network or trusted parties. Think of a decentralized DNS for online identities.

In addition to identity verifications, you can also give each other trust ratings. You can then filter all shown information by your web of trust, for example by showing only the information added by your friends and the people they trust.
http://unbit.nl/2014/09/16/martti-malmi-on-bitcoin-and-identifi/

The Bitshares team should study Identifi and improve on it in their implementation of decentralized identity. I like the idea of the web of trust and being able to get verified by my social network or trusted third parties. Trust and privacy in my opinion both need to be programmable.

161
General Discussion / Can we develop a threat matrix so we can reduce paranoia and focus development?
« on: September 15, 2014, 04:14:43 pm »
I notice in the Bitcoin/Bitshares community a lot of people are terrified of government interference. They fear being attacked by the NSA, the CIA, Mi5/MI6, the FBI, the DEA, the SEC, etc.

But are these attack scenarios likely? What is the actual threat of legal prosecution?

I suggest that a threat matrix be created so that we can have an indication of the actual risk to the users and developers of Bitshares technologies. This would allow us to answer question whether or not legal prosecution is an actual risk or part of a FUD campaign to slow our rate of innovation. It will also help developers to know which features need to be added to improve the actual security of Bitshares instead of the "perceived security".

From the evidence I've been able to find the main US agencies which have attacked or prosecuted cryptocurrency technologies have been the FBI/DEA and SEC. The FBI/DEA confiscated the coins of Silk Road and seem primarily concerned with the dark net. They would represent the biggest actual risk if there is a government crackdown. Next is the SEC which it seems everyone is terrified of but which to date doesn't represent much of an actual threat.

The SEC chose to prosecute Erik Vorhees when he turned his virtual securities into real securities because his securities were illegally issued. Erik Vorhees ended up paying a $50,000 fine. So the risk is actually quite low from the SEC unless you're running an outright Ponzi scheme which causes investors to lose millions of dollars.

I don't know all the risks but I think we should at least develop a threat matrix infographic to counter all the incoming FUD about legal risks, risks of prosecution, risks of being hacked (which may or may not be real), the risk of certain attacks like the "nothing at stake" attacks, and so on. It's true that any information system can be attacked but that doesn't mean developers and investors should be focused on the lowest risk problems.



162
General Discussion / Raft consensus algorithm, how does it compare and contrast to DPoS?
« on: September 13, 2014, 12:00:24 pm »
This whitepaper and these implementations are for technical minds.
Is there anything within them which could improve DPoS?

https://www.usenix.org/conference/atc14/technical-sessions/presentation/ongaro
https://raftconsensus.github.io
http://ramcloud.stanford.edu/raft.pdf
https://raftconsensus.github.io/#implementations
https://en.wikipedia.org/wiki/State_machine_replication

Quote
Paxos requires a single leader to ensure liveness.[6] That is, one of the replicas must remain leader long enough to achieve consensus on the next operation of the state machine. System behavior is unaffected if the leader changes after every instance, or if the leader changes multiple times per instance. The only requirement is that one replica remain leader long enough to move the system forward.

The above quote is similar to the DPoS. Only with DPoS there is a pool of 101 possible leaders who can propel the state of the Bitshares network forward.

Quote
Conflict Resolution
In general, a leader is necessary only when there is disagreement about which operation to perform,[11] and if those operations conflict in some way (for instance, if they do not commute).[12]
When conflicting operations are proposed, the leader acts as the single authority to set the record straight, defining an order for the operations, allowing the system to make progress.
With Paxos, multiple replicas may believe they are leaders at the same time. This property makes Leader Election for Paxos very simple, and any algorithm which guarantees an 'eventual leader' will work.

Step by step simplified versions for the less technically inclined:
http://thesecretlivesofdata.com/raft/
https://speakerdeck.com/abailly/the-raft-protocol-distributed-consensus-for-dummies

163
General Discussion / Can Lighthouse functionality be ported to the Bitshares ecosystem?
« on: September 12, 2014, 09:49:23 pm »
http://blog.vinumeris.com/2014/09/12/lighthouse-alpha-now-open-source/

How much time would it take to port it?

164
General Discussion / Zeropaid.com, great place to market Bitshares X and Peertracks
« on: September 11, 2014, 10:11:28 pm »
http://www.zeropaid.com/

I don't know how much traffic they still get but they used to be a top site for new P2P technology.

165
General Discussion / The Bank of England is monitoring digital currencies
« on: September 11, 2014, 06:02:25 pm »
They seem to have an excellent understanding of the technology. They have done their research thoroughly.

http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q3prereleasedigitalcurrenciesbitcoin.aspx

https://www.youtube.com/watch?v=CxDKE_gQX_M&feature=youtu.be
https://www.youtube.com/watch?v=rGNNiTaC2xs

Their mission objective is financial stability. As long as the prices can't crash so hard it disrupts the economy it seems they don't mind Bitcoin because it does not effect their mission which is stability. BitEURO is stable so there wouldn't be any price crashes and as far as price crashes of BTSX, if it were to be turned into an ETF style stock then eventually there could be stability in ownership at least as much as with stocks in traditional banks.

So I think Bitshares X is in a very unique position where it's not a threat to economic stability but at the same time can innovate and create a new industry. I think these videos show that at least the Bank of England isn't likely to see Bitshares X as a threat to it's objectives.

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