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Messages - sittingduck

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166
Dude.  Your posts are too wordy to follow.  I suggest you create a time line with just 5 witnesses total.   Show the two chains. 


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167
General Discussion / Re: Alternatives for dealing with Black Swans?
« on: July 15, 2015, 12:08:41 pm »
This is a good thread.   Issuers can disable black swans and manually trigger them at any price.   

Having without black swan the short would become a buy wall at the swan price that anyone could settle at.  This would spread the loss among the longs over time.


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168
More witnesses means more money spent on redundancy. 


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169
If there is an attack chain in the wild then a checkpoint will have to be added.   You seem to grasp the issue very well.




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170

complete javascript implementation of graphene's protoco

would this require a licence ?

No.  Only their code is copyrighted. Anyone may implement the protocol. 


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171
Good questions. 


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172

BTS was built on the idea that we could create a currency-like token that can make profits for owners instead of losses. As such, BTS self-identities as both a currency-like store of value and a profit-generating share. This dichotomy of purpose makes it hard for the external market to evaluate.

For a currency, constraints on supply are all-important as a store of value. For a share, all that matters is profitability and return, and the shares themselves can be far more mutable. Who is asking questions about how many shares Apple or Google will have in 10 years' time? It's only about profit and growth.

So what is BTS? I worry that trying to be both risks failure on both fronts. You limit dilution to look like a currency, and ultimately you can't compete against more agile businesses on funding and growth, and resulting profitability and dominance of the target space. You make changes to dilution, burn, and reserves to solve the business economics, and you lose any sense of a stable and secure currency.

I keep thinking that bitShares will ultimately need to offer multiple tokens built specifically to achieve different ends, even if we keep BTS as is.

Enter brownie pts...????


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173
General Discussion / Re: Announcing Brownie Points (BROWNIE.PTS)
« on: July 03, 2015, 01:51:22 am »
Read between the lines people.   Bytemaster cannot issue shares or anything that looks like a security.   Why on earth would he want to track those who have supported him and our cause unless he wants a tool for identifying us in the future and returning the favor.   

Bytemaster has always looked out for those who have supported him.  You can have my brownie pts when you pry them from my cold dead hands.   I may sell them for $1 each.   

This tool could be great for those who have blind faith in bytemaster. 




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174
General Discussion / Re: Announcing Brownie Points (BROWNIE.PTS)
« on: July 02, 2015, 07:19:35 pm »
So who thinks this will become a future share drop target?


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175
General Discussion / Re: DPOS vs POS vs POW - white paper?
« on: July 02, 2015, 01:44:40 pm »
With tapos in dpos 2 most long range attacks are not viable.   Regardless of how much time or money you have it requires the vast majority (99%) of witnesses to collude to produce an alternative history.   

Dpos is not subject to most pos attacks


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176
Probably 100


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177
General Discussion / Re: Dan is doing the right thing .. again!
« on: July 01, 2015, 12:31:57 pm »
Those bonuses were before the price crash below 10m and they had to pay taxes on the precrash price.   

It is really sad that new mine is unable to put himself in developer shoes long enough to do the math. 

Newmine may think Bm owes is life to bts for taking those donations, but the people he hired sure don't.   

So the devs leave and Bm works on it by himself for no wage.     This is what newmine suggests.   

Unfortunately Bm has said he must pay child support which means if he doesn't get paid he could go to jail. 

We are all in this together.


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178
No.   More later.


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179
Front running is a bogus issue to begin with. 


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180
GUI is a lot more work when there are no JavaScript libraries that have implemented compatible crypto.    It seems those on this board have no clue that 2m bts for protocol level support is nothing!   


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