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Messages - JonnyB

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166
I am always on trading mode.that is not the reason...i am really surprised that no one else has this issue so I can only conclude that you guys only trade with the official wallet and not the open ledger web wallet either you don't trade at all..i hope is the former.. :)
I am really surprised that openledger web wallet did that and I really dont get why someone would remove this..anyway i hope that when others think that their bts got lost they look at this post and don't freak out.
as @nmywn said..use the official client..except if it is indeed something to do with stealth..maybe super stealth that hides your own collaterals positions and transactions.. ;)

The openledger GUI doesn't show collateral positions any more.
Bitshares.org should direct people to bitshares.org/wallet instead of https://bitshares.openledger.info if they have removed this key function.
Also the Openledger GUI doesn't appear to be open source.




167
I upvoted your steemtit comment but I think you should copy and paste that text here.

168
excuse my ignorance but can someone tell me more about these bitshares nodes?

I assume a full node is someone running a full copy of the bitshares blockchain requiring a good spec machine in a data centre with lots of ram?

Is a seed node the same as a full node?

Is the light wallet just a GUI for talking to these hosted full nodes?

do witnesses have to be running a full node?

In the GUI where I can select my API connection, am I selecting which full node I want my light wallet to talk to?

thanks in advance.

169
General Discussion / Re: Liens for sidechains
« on: January 27, 2017, 04:06:18 pm »
I'm attempting to create a sidechain deposit solution where users hand over the keys to btc addresses, the address is frozen and becomes a security interest for an asset backed by the frozen account.  Is anyone here working along similar lines?

Alot of people are trying to create a pegged bitcoin token on another chain aka sidechains.

The idea of freezing bitcoins and creating a token on another chain that can unlock the frozen bitcoins would be great.
The big problem nobody can solve is where to store the private key for the frozen bitcoin.
You can't keep it on a blockchain because blockchains are public.
You could encrypt it but that would just create another private key which has the same problem.

If you can solve this issue you will be the inventor of sidechains.

170
General Discussion / A blockchain inside a blockchain?
« on: January 25, 2017, 06:46:45 pm »
Bitshares can handle a theorectical 100k transactions per second.
Bitcoin has approx 5 tx per second resulting in 1 mb added to the btc blockchain every 10 mins (per block)
Bitshares currently have witnesses who feed in external price data from the real world such as the the BTC:USD price and the GOLD:USD price.
If we got witnesses to feed in every new bitcoin tx and block on into the bitshares blockchain what advantages would this give us?
If a full trustworthy copy of the bitcoin blockchain was being fed into the bitshares blockchain in realtime what doors would this open for innovation?
yes it would bloat our blockchain a lot but could any advantages outweigh the disadvantages?
Isn't one of the biggest barriers to sidechains that different chains do not know each others states?

This is just a thought i had and thought it was worth mentioning in case someone else can think of why it might be useful.

171
General Discussion / Re: plan for sidechain?
« on: January 20, 2017, 01:17:02 pm »


If it is 'with risk' then it is not a sidechain. It s a multi-sig gateway. It should be called a multi-sig gateway. Calling it anything else is false advertising in my estimation.

As bitcrab noted.. some projects have claimed they are going to deliver blockchain interoperability in some way. There has been literally tens of millions of dollars of funding going into the research and development of this concept/idea. Still, nobody has done it.

Lets have a degree of realism about the technical possibilities with what is in reach with a virtual zero budget available to Bitshares dev.

Multi-sig gateways, sure, that can all be done right now. Just takes some individuals willing to take the risk and technical difficulties of running one. I for one won't participate in something like this till I have seen it working with considerable transactions. I don't want to be liable for the lose of peoples bitcoins for whatever reason.

So to recap. We are talking about multi-sig gateways here, not sidechains.
+5%

172
General Discussion / Re: Why Bitshares?
« on: January 20, 2017, 01:13:46 pm »
Why Bitshares?
So anyone can have full control of their money and trade.

Why does it matter?
Because banks and governments control your money and trade and this is to much power in their hands.

Why does it matter to me?
None of your business

173
General Discussion / Re: Openledger lifelong members
« on: January 19, 2017, 10:17:08 pm »
just payment in bts

174
I agree most of the ICOs are way overpriced but nobody is forcing anyone to buy in and everyone should do their own due dilligence.

I think it would be better for the ICO to be done in OPEN.BTC for 2 reasons.
1.) ronny makes more money on OPEN.BTC trades (0.2%)
2.) BTC is a well understood liquid market

But at the end of the day its up to ronny to do whatever he likes.

We can't blame free market traders for BTS price not going up.

175
General Discussion / Video: How to create BitUSD
« on: January 15, 2017, 07:30:41 pm »

176
General Discussion / Re: Incentivize SmartCoin collateralization
« on: January 15, 2017, 02:24:35 am »
Here's a problem:

1) I have some BTS
2) I short some BitUSD
3) I send it to my other account that I also control

Now my net position is the same, but I get a slice of the dividend. This means that everyone with BTS would want to short themselves whatever asset(s) had the most payout, diluting them significantly.

Yes, position is the same but so is the slice of dividend.  With this idea, sending BitUSD to another account (or selling it, etc) has no effect.  Payout is relative to the amount currently borrowed (only the first account in your example).  Idea is to incentivize collatoralization so more bitAssets are in circulation.

(I seem to remember seeing another idea for a flat percentage to shorters.  I prefer this idea instead, since it relies upon market activity and spreads the cost to those who buy the asset).

Maybe it has merit, maybe not.  I'll leave it to the greater Bitshares minds to decide the fate.

I don't think it works because you can borrow bitassets and do nothing with them do. As chronos says your can't prove who's really short.
This doesn't improve liquidity .

177
General Discussion / Re: New Bitshares Dividend Idea
« on: January 13, 2017, 04:14:23 pm »
This seems to complicated to me.
Why not start with a simple worker proposal that creates bitUSD and distributes it equally amongst Lifetime members on a weekly basis.

If we like it it we keep it, If we don't we vote it out.

178
where are @vikram latest updates ?

179
yes it would be hard to get a worker voted in but not impossible.

Fes distribution might require a hard fork, worker proposal doesn't

As you say its the same funding source (the reserve pool)

180
@fav
Why not just make a worker proposal that distributes funds to LTMs as a dividend. 
Maybe in BitUSD instead of BTS.

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