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Messages - Troglodactyl

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826
DAC PLAY / BitShares Lotto
« on: March 16, 2014, 10:23:47 pm »
[Regarding BitShares Bingo vs BitShares Lotto]

They are separate dacs, lotto is simpler and will come first

Sent from my SCH-I535 using Tapatalk

For ease of implementation and competition, I'm guessing BitShares Lotto is basically decentralized satoshidice except the only house edge is the transaction fees?

827
General Discussion / Re: The Significance of what we are doing...
« on: March 16, 2014, 09:02:55 pm »
He'd urge you to try driving on the left until *you* change your mind

Sent from my SCH-I535 using Tapatalk

Indeed, and I was asking for that given my arbitrary choice of example. :P

However, that sort of all or nothing insistence isn't generally an efficient method of building network effect.  There's a difference between the hypocrisy of arguing for a new system as an absolute moral requirement without following its principles and arguing that a new consensus would increase efficiency if widely adopted.

828
General Discussion / Re: The Significance of what we are doing...
« on: March 16, 2014, 08:22:45 pm »
For what it is worth, I am less concerned with conveying my worldview than I am with asking everyone to live by the precepts that he or she advocates for others. Since early adulthood, I have referred to this as 'metarchy' from 'meta-' in the sense of self-referential analysis, and '-archy'.

In this way, rather than try to convince anyone to see the world as I do, I would ask only that academic communists be forbidden to hold property, that supporters of the social welfare society be taxed at very high rates, that racists be forbidden to live near or work among individuals of different ethnicities, that anti-immigrationists be denied passports, etc.

Help the helpful, be kind to the kind, police the police, judge the judges, tolerate the tolerant, sneer at the arrogant, and stay off my lawn.

There's some value in this approach, but it's also possible to disagree with the consensus while recognizing the value of having a consensus.  If I have a strong preference for driving on the left, but live in a country where the consensus is to drive on the right, would you urge me to drive on the left until I convince everyone else to alter the consensus?  Or should I live with and follow the current consensus while working toward an alternative?

829
The TEDx presenter ignores the elephant in the living room: The finance industry is one of the most highly regulated in the world, along with medicine and nuclear energy.

When pro-regulation activists use the term 'deregulation', they refer to partial regulation and not the absence of regulation.

The S&L Crisis and the Sub-Prime Crisis two decades later were enabled by freedom to initiate risky loans coupled with government guarantees.  The only way to know if regulation is preferable to laissez faire would be to repeal all financial regulations, and let banks and mortgage lenders operate with the same freedom and lack of government guarantees as hairdressers, landscapers, and pool cleaners.

Excellent point, but I'm sure some hairdressers, landscapers, and pool cleaners could surprise us regarding regulations with which their businesses must comply.

830
General Discussion / Re: Noir Investment Group : NoirShares
« on: March 16, 2014, 03:14:33 pm »
My understanding here is that NRS are investment shares in NIG, but dividends are only paid out to the sender's of shares held in one of NIG's investment funds.  Is this accurate?

If this is the case, then sending NRS to the general fund address essentially creates virtual, non transferable NIG general fund shares, which are dividend paying, and are the real shares in the company.  If you then use the NRS that have been sent to the general fund to develop the company by selling them to raise money, or by paying workers with them, the recipients will donate their NRS in exchange for dividend paying shares and the cycle will repeat, with share dilution approaching the total NRS supply at each cycle.

831
General Discussion / Re: BTS-->BTS X-->BTS ME-->BTS YOU-->BTS HIM-->?
« on: March 16, 2014, 02:57:49 pm »
Adding more developers will not help.  Bytemaster must think, test, observe, discuss, adjust, test, observe, think...  until he is confident that all known attacks can be stopped.  This will take time and he has developed a step by step test plan that minimizes risk to holders of XTS.

Adding more people to this would make no difference.

Also known as Brooks's Law, from the author ofThe Mythical Man-Month, who observed, "Adding manpower to a late software project makes it later."

"Nine women can't make a baby in one month."
—Frederick Brooks
+5%
Thanks, I was about to post about this.  Good book.

832
Muse/SoundDAC / Re: BitShares Music
« on: March 16, 2014, 02:54:35 pm »
Also, there are ways to use reputation and word of mouth to establish which of two submitters of the same song is likely to be the actual creator.  In this system, there is no advantage to choosing the other instead of the artist.  Identifying the artist's submission and investing in it will be more profitable than either "ninja-ing" someone's songs, or investing in ninja'd songs.

833
BitShares AGS / Re: Why the Spike in AGS donations today?
« on: March 16, 2014, 03:58:47 am »
Just curious, how I3 will deal with the donation of PTS/BTC after 28 Feb ? It is not a small amount.
"Real and pure donation"?    8)

All donations both before and after Feb 28 will be included in later snapshots for additional chains launched in the future.  BitSharesX is only one of many in the plans.

834
General Discussion / Re: BTS-->BTS X-->BTS ME-->BTS YOU-->BTS HIM-->?
« on: March 16, 2014, 03:52:23 am »
Thanks Stan, I think it's easy to forget how new these projects actually are.  It's difficult to maintain the appropriate level of excitement for long without lapsing into impatience from time to time.

835
Thanks, that makes sense.

836
...
I think you've missed the current division of work: Eric Frias and I are now working on the generic blockchain code which will be used for Keyhotee and other DACs, while the guys in Poland (lead by vogel67) are working on the GUI side and Keyhotee-specific backend requirements (e.g. system-specific messages like authorization requests, etc). These are independent efforts proceeding in parallel, mostly.
...

Thanks for the update!  Are authorizations stored on chain?  It seems like there will be a huge number of application specific data elements needed for new apps that use KIDs, but I imagine most of this will either be off chain or on a separate app-specific chain rather than the KID chain.  Am I far off from the design plan here?

837
General Discussion / Re: Global watchmen DAC
« on: March 15, 2014, 07:39:50 pm »
The profit model (IMO) does not necessarily need to be in the form of liquid/transferable tokens or shares in order to make a successful DAC.  As long as participation in the network generates any form of benefits (liquid profit, utility, or even entertainment) that a critical mass of people value above the cost of their participation, the network can be "profitable" and thus self sustaining.

838
...

AGS holders are not diluted by this at all as the value of their 10% is independent of the 10% held by PTS holders.   It will affect the PTS/AGS price ratio, but not the BTC/AGS price ratio. 

On the other hand stopping inflation of PTS and making AGS liquid at the same time may add value to both parties positions and would dramatically simplify the understanding of our ecosystem.  The benefits might be a win for all.   

I think we may have a good plan here if we can get enough community buy-in.


Ok, so to clarify, this proposal is to fork PTS into a TaPOS chain, with a total supply of 4 million, and genesis block consisting of a current PTS snapshot scaled up to 2 million, along with 2 million current AGS state.  Is this correct?

If that's the plan, the question would be how exactly to rework the PTS side of the AGS donations.  Either the daily BTC donation reward could absorb the PTS allocation, or the time frame could be extended.

839
General Discussion / Re: TaPOS Consensus / Fork Management
« on: March 14, 2014, 10:52:46 pm »
Nice, great overview!

First sentence in paragraph 4 I think should be: "With Proof of Stake systems each shareholder gets one vote per block per share held."

840
...

I agree, though, you can't just depend on copyright enforcement. Having other tools is ideal.

Particularly when someone can release a clone anonymously, copyright enforcement is tricky.  I don't remember where all I read this, but I believe the post contract society idea bytemaster has been advancing is based on rejecting dependence on the violent force of the state to bail us out when we make bad decisions about who to trust.  Rather than using state enforced contracts, people would make deals on handshakes, risking their reputations if they don't follow through and accepting the counterparty risks themselves.  The need for solid reputation management in this system is a driving force behind Keyhotee.

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