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 - Troglodactyl

Pages: 1 ... 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 ... 64
General Discussion / Re: All problems with DPoS solved with one easy change
« on: September 25, 2015, 03:26:51 pm »
Good witnesses won't want to post a lot of collateral due to either not having it or opportunity cost.

For example you might want to loan that BTS out on Poloniex/internal market instead.

The $300 per month isn't a big incentive relative to costs and work a witness puts in, so the only people who will see significant opportunity in tying up a lot of collateral to become a witness may be people that wish to harm BTS.
(Possibly profit from a highly leveraged short elsewhere for example or simply be a .gov)

So I'm not a fan of the collateral bid system yet.
Exactly. If we do this we'll just have to raise witness pay enough to act as interest on the average witness collateral also.

General Discussion / Re: Decentralization of Power
« on: September 24, 2015, 11:03:13 pm »
The reality is that bytemaster controls enough stake to vote anyone in/out at will - getting elected as a delegate right now is pretty much impossible without his stake voting for you.

I don't think this is true anymore.

The biggest problem I see with Bitshares right now is Bytemaster doesn't seem to acknowledge his opponents as having valid critcism.  While it might sound harsh, Anonymint for instance says, Bytemaster is a Steve Jobs type control freak figure so he's not going to make anything remotely decentralized.  This criticism has some merit because I honestly believe Bytemaster is designing a system with the assumption that he + this website will always exist.  In reality, the system needs to be designed in a manner where it functions at maximum efficiency assuming neither this website or him exist at all.  The system also needs to be designed in a way that assumes mass voter apathy and ineffective or non-existent delegate campaigning to find suitable candidates for security that fit game theory motives.

I think this is legitimate criticism.  I think a lot of people around here (perhaps bytemaster included) are too comfortable with reliance on bytemaster continuing post October.

If witnesses are voted for based on collateral, then withness pay would have to compensate them by effectively paying interest on that collateral.  Is that expense really worth it?

I also suspect that we'll have less voter apathy (especially of large holders) once we have a better UI.  Better gateways so less BTS lives on centralized exchanges will also help.

General Discussion / Re: Bitshares price discussion
« on: September 24, 2015, 12:30:57 pm »
Relax people.  Currently the price is heavily influenced by both people who have no idea what they're doing and by deliberate manipulators.  Market cap is set by the traders, not the holders, so just keep buying from them until they figure out what they're doing.

Shorters need to pay enough attention not to get margin called, and traders need to watch out for missing any long term rises, but there's no need to panic about it.

General Discussion / Re: Bitshares price discussion
« on: September 20, 2015, 11:39:29 pm »
what if you have BTS on POLO?

Then it's up to them, but they should honor your balance and allow you to withdraw it to your 2.0 wallet after release.

I would love somebody explains all scenarios....

If even only 5 delegates for example don't upgrade the chain will "survive"(?). So after the snapshot it will be still possible to sell BTS1.0 shares on the exchanges?  ???

Good question.

there is no minimum required participation rate in BTS1 IIRC

This is why supporters of the upgrade should try to vote out every single 0.9.2 delegate before the 13th.  Doing that will make it a "pitchfork" rather than a plain and simple snapshot because the original chain will terminate by protocol and we'll jump to the new chain.

Technical Support / Re: BCT: Are BanxShares as good as GAW Paycoin?
« on: September 17, 2015, 12:49:47 pm »
thread moved to concerns since bitshares is now in the mix. this needs to be addressed.


@Stan, you might want to clarify by either sharing why you don't believe this is a scam or making it more clear that you're welcoming them onto our open platform but not endorsing them.

There is also a trade off between number of nodes securing the network and cost to the network.  Especially as we end up having to use more and more powerful servers to run our witnesses.  How would these sub delegates get paid?  Wouldn't there be an incentive for witnesses to just run multiple witnesses from the same node and pretend they had different individuals running them?  Perhaps if they sub witnesses were paid from the elected witnesses pay.  Then it could be considered a service the witness provides.

I'm of the opinion that ten witnesses is too few.  101 might be enough.  1000 would be better.  How much are we willing to pay for security though, and how much is enough security?

How many witnesses is enough is dependent on the quality and distribution of those witnesses and on the circumstances surrounding them, as well as the cost of adding each additional witness.

General Discussion / Re: Memberships and sub.accounts in Bitshares 2.0
« on: September 14, 2015, 02:12:29 am »
If the root account signs up all of its sub accounts, then their fees will be paid to the root account anyway, so it may not matter so much if they aren't premium.

General Discussion / Re: When we will see BTC/BTS parity?
« on: September 14, 2015, 02:09:05 am »
The supply of BTS is over 100x that of BTC, for that reason I dont think we'll see price parity.

You don't think BTS is more than 100x better than BTC?

Indeed.  Bitcoin is far from mainstream.  If BitShares starts to get any sort of serious adoption it's perfectly plausible that it could well surpass Bitcoin.  Especially if the BTC community keeps fighting over all of Bitcoin's flaws instead of fixing them.

Technical Support / Re: Bitshares 2.0 Wallet(s) - Spec Requiremnents
« on: September 14, 2015, 02:04:15 am »
The 2.0 full node and wallet should be much less resource intensive than the current wallet.  I expect it will run fine on most desktops and laptops, but the web wallet will also maintain full control of private keys, so that's a reasonable option if you don't want to give up the disk space to store the blockchain.  The web wallet I think will also be the best option for phones and tablets; I wouldn't expect a dedicated mobile app at launch.  If there is one early on it will likely just be a wrapper for the web wallet ui.

To get in before 2.0, I'd definitely try to get the current wallet running if possible.  If you know specifically what issues your friend was having we may be able to help resolve them here.  Getting synced up initially can be a pain, but once I got past that it's been running quite nicely for me for quite a while now.

General Discussion / Re: Test GUI for Normal Users!
« on: September 14, 2015, 01:57:17 am »

I was going to direct this guy here and then noticed it's down...,18435.0.html

It would be nice for people to be able to confirm their devices/browsers will run it ok to give them some peace of mind before launch.

Would getting this up again require significant effort?

Technical Support / Re: Where are source of bitshares version 2.0?
« on: September 13, 2015, 09:24:40 pm »
which repository and branch?
Graphene is the core, graphene-ui is the web based graphical user interface.  Both should be master branch.

Technical Support / Re: What happened to the 30 million BTS
« on: September 12, 2015, 01:35:56 am »
I for one am still pretty excited about what FMV is working on.  The sooner we have good tools for objective analysis of shareholder opinion the better.  We need to get away from the vocal mob approach.

General Discussion / Re: Bitshares price discussion
« on: September 10, 2015, 04:26:39 am »
I tried to buy and BTC to blocktrades but it just disappeared and I don't see any BTS in my wallet or blockchain. I have emailed support.

Someone please tell me that they resolve the issues and my BTC is not lost. I am very worried about my money. I hope they honor the rate when the transactions confirmed.
In my experience the blocktrades guys provide excellent support.  I wouldn't be too worried, though of course any delay is disappointing.

General Discussion / Re: Curiosumé + Bitshares = Intrinsic Coin
« on: September 09, 2015, 12:53:42 pm »
Thanks for the great comments - I didn't even know you had been discussing earlier.  The best thing to do is keep this really really simple and try not to get biased by what we have been told is or is not money, or value, or productivity, engineers, federal reserve, debt, gold, derivatives, etc,- these are distractions.  We are trained to be confused so that we can't see the vulnerability of the system we are trying to replace.  Don't try to power-think, you need to trust the calculus. 

First - an "asset" is a very important term that should not be tossed around like some sort of emotion.  An asset must be described in terms of a quantity and a quality [Asset = F(Q,q)].  So, to say that "water" is and asset, is to be confused. Is it 3 oz of water or 300 acre ft of water (Quantity)?  Is it drinking water or is it process water to keep solar panels cool (Quality)? "quality does NOT mean best to worst, greater or lesser, winner or loser, etc - this is the "competition" virus that causes us to hate, fear, and fight each other. Quality is entirely dependent on the productivity of the water - drinking water does not compete with process water.  Therefore an Asset, by definition is intrinsic. 

Second, long before colleges and universities - all hugely centralized institutions -  and engineer was someone who makes useful things for other people - the engineer increased the productivity of a person by inventing say, wheel, wedge, and pulley.  That is what I mean by Engineer.  Again, this is intrinsic by definition.  "Ingenesist" is derived from the latin term for engineer.

Here's a mind bender "Money MUST represent productivity otherwise nobody would work (do productive stuff) in exchange for it" - dwell on that for a moment. To test this idea, every time you hear the word "money" replace that with the word "productivity" if it still makes sense, believe what you hear. If it does not, you are being lied to. 

Value = productivity = data; dv/dt = rate of change of productivity with respect to time = information, d^2v/dt = knowledge, d^3v/dt = innovation, d^4v/dt = wisdom.  These are the derivatives of productivity.  A derivative is something whose value is derived from something else.

Next; we are trained to believe that productivity is the manufacture of tangible goods like cars, coal, and ipods.  However, "motherhood" is not counted in the GDP yet is responsible for every taxpayer on earth.  Benevolence, empathy, creativity, leadership, nurturing, etc., are all forms of productivity for which there is no accounting system.  These are called Intangibles on a balance sheet.  They don't weant you to know this because this is the source of all value.

Curiosumé is that accounting system. 
It takes a little bit of untraining before we can move forward.

Perhaps I've already untrained too much.  You're saying a lot of things with which I agree, but I don't see how they're applicable exclusively to Curiosumé and not gold, BTC, BTS, or U.S. dollars.  All currencies ultimately represent the productivity of the people who accept them, whether that acceptance is coerced or voluntary.  Intangibles are clearly valued and accounted for in the economic activity of individuals, and so their value is reflected in any economy to the degree to which individuals are free to make economic decisions.

I like to view currencies as languages for communicating about value.  Value is subjective in that different people want different things to differing degrees, but a market allows a group of people to bridge that gap and understand each other's values relative to a common standard.  Since money has no direct value, only exchange value, in an ideal currency in which no one had the power to distort distribution, having money is evidence that you have created value for someone else who uses the currency, and that real compensation for that productivity is still pending.

How is Curiosumé supposed to account for intangibles more tangibly than any current system does?

Pages: 1 ... 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 ... 64