Advanced

When I click the advanced button, there's no real indicator to let the user know they are in an advanced mode. I see preferences and console, it would be nice for some advanced mode indicator. When I went back to the advanced mode menu, I expected a toggle to go back to a standard mode.

Wallet Ran First Time

I'd like to see something warning the user that downloading the entire blockchain will take some time. Put the user at ease that this is perfectly normal.

Could the potential judges put up some type of bond?

Quote from: hpenvy2 on February 06, 2015, 06:14:15 pm

Really? No regulatory strategy?

https://bitsharestalk.org/index.php?topic=12050.msg161883#msg161883

"Legal Compliance

Any company that takes deposits from customers and facilitates transfers among customers is heavily regulated in most countries.   These regulations include license requirements, bonds, insurance, know your customer laws, and anti-money-laundering compliance among others.   The BitShares block chain provides gateways with all of the tools necessary to comply with these regulations.

If you are in this business you are already maintaining a database tracking user deposits and your database is probably logging every single transaction and balance change.    Your database knows exactly who is owed what at any point in time.   You also have the power to seize or freeze user balances at the demand of law enforcement.    BitShares provides you with all of these features as well including:

  1) Ability to white list public keys that may control a balance of your asset.
  2) Ability to freeze all funds and stop all trading of your assets
  3) Ability to transfer any balance of your asset from any user to any other user
 
In other words, if you are operating a legally complaint crypto currency exchange, then you can easily expand your business to becoming a BitShares gateway.  "

That's good to hear. Unfortunately the latest information is buried under a mountain of forum posts. But I am glad it's there anyway.

Do you think we should have something on the website similar to Ripple?

Bytemaster detailed what would be needed on the Bitcoin development side to create a combined Bitcoin/BitShares wallet in today's mumble.  Could you briefly detail what skills the developer would need to accomplish the project? 

Quote from: Catchfire on February 06, 2015, 04:40:05 pm

"Bitshares does the same thing: it's designed from ideology not pragmatism. That's a weakness imo."

If you read the Origin of Bitshares (https://bitsharestalk.org/index.php?topic=14019.0;topicseen) and take a look at what has been developed in the BTS domain I see nothing but ideology and pragmatism working together beautifully.........imo.

The author, who's billed as a securities attorney, makes a critical point worth repeating:

"It would be naïve to think the federal government will stand idly by when its control over currency and financial transactions is threatened."

Dan has certainly written a lot about the ideology behind bitshares. But there is little to no evidence of pragmatic thinking when it comes to the question of how bitshares will handle regulatory compliance when the time comes.

Just saying.

In today's coindesk article, Dan said, “I suspect that by the end of 2015, there’s going to be three major players, bitcoin, Ripple and us...,”
http://www.coindesk.com/bitshares-decentralized-exchange-crypto-2-0/

Bitcoin has the Bitcoin Foundation and lots of legal help dedicated to keeping bitcoin on the regulation reservation.
http://dealbook.nytimes.com/2014/08/06/bitcoin-foundation-seeks-more-time-to-address-virtual-currency-rules/?_r=0

Ripple bends over backwards for regulatory compliance.
https://wiki.ripple.com/Compliance_Resources

What is bitshares regulatory strategy?
Answer: there isn't one.

Really? No regulatory strategy?

https://bitsharestalk.org/index.php?topic=12050.msg161883#msg161883

"Legal Compliance

Any company that takes deposits from customers and facilitates transfers among customers is heavily regulated in most countries.   These regulations include license requirements, bonds, insurance, know your customer laws, and anti-money-laundering compliance among others.   The BitShares block chain provides gateways with all of the tools necessary to comply with these regulations.

If you are in this business you are already maintaining a database tracking user deposits and your database is probably logging every single transaction and balance change.    Your database knows exactly who is owed what at any point in time.   You also have the power to seize or freeze user balances at the demand of law enforcement.    BitShares provides you with all of these features as well including:

  1) Ability to white list public keys that may control a balance of your asset.
  2) Ability to freeze all funds and stop all trading of your assets
  3) Ability to transfer any balance of your asset from any user to any other user
 
In other words, if you are operating a legally complaint crypto currency exchange, then you can easily expand your business to becoming a BitShares gateway.  "

Specially about BitShares.

[–]i3nikolai 2 points 7 hours ago

Thoughts on integrating bitAssets on BTS network (bitUSD, bitCNY, bitGOLD, etc)? bter, btc38, and yunbi have all integrated, seems more popular in China than in the west.

    permalink

[–]zanetackett 2 points 7 hours ago

The bitAssets are an interesting take on an "altcoin" that we've been keeping our eye on. However, as I've stated elsewhere in the thread, we are currently focused on increasing the usability and ease of access of bitcoin. We will continue to keep on eye on the bitAssets, but for the time being we are focused on bitcoin.

Quote from: toast on February 05, 2015, 08:32:35 pm

BM and I have gone back and forth, with me claiming we need to get proposal-based governance online ASAP and him arguing that delegates provide a good-enough proxy since shareholders can always use a "poll" delegate. BM claims it would add voter complexity, but I think that's wrong. It is much much easier to analyze self-contained proposals with their own UX than it is to find and analyze various delegate bids. It is also qualitatively different to think about a proposal when it is presented as "shareholders need your input on this yes/no question right now".

Yes, yes, yes! Thanks for fighting for this, toast.

Quote from: Chronos on February 05, 2015, 09:33:47 pm

NuBits has the same problem. As more and more diverse holders become absent voters, it becomes more and more difficult to approve anything (which requires 51%). With delegates, at least, you don't need 51% of stake voting "yes" to be approved -- you just need more votes than the other candidates receive.

The idea in this thread is called "motions" in NuBits, and already exists on that blockchain, but with the above-mentioned issue. I would recommend "yes, no, abstain" as three distinct voting states, though then it's not clear how to determine final approval. 3% yes, 1% no, 96% abstain does not sound like the final will of the voters.

Yes, as you mentioned, requiring 51% for all proposals is problematic and leads to grid lock because of voter apathy. I agree with the three option system (approve, disapprove, neutral by default). I proposed such a system for deciding whether proposals become ratified.

Thanks to both of you. 100% agree.

Someone brought up a question about adding additional coins.

"[–]zanetackett 4 points 48 minutes ago

While we are constantly monitoring the situation of other cryptocurrencies, we are more focused on the growth and development of bitcoin. We are all strong believers in Bitcoin and cryptocurrency and general and want to work towards ensuring a bright future for them. However, at this this time we are focused on improving the usability of Bitcoin through OKLink as well as the ability to trade bitcoin on OKCoin.

If an altcoin comes along that we believe has a bright future and adds more to the table, we will definitely look into it.

I think many altcoins are experimenting with the capabilities of the blockchain and what cryptocurrencies can do and look forward to seeing how many of them plan out, for example: storj, ripple, ethereum.
"