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Messages - JonnyB

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I found documentation about importing a bitcoin private key into bitshares

If it is possible to have the same private key for both a bitcoin account and a bitshares account could you then use your bitshares account to sign bitcoin transactions?
I'm contemplating the concept of using a bitshares account to sign bitcoin transactions
You could also broadcast a bitcoin transaction by putting it in the memo and sending it to a specific account.
 Which would open up payment channels/lightning network

imagine 2 separate BTS accounts opening a bitcoin payment channel with each other
 and both re signing a new 2 of 2 transaction everytime a witness updates a feed price.
You could have a bitcoin payment channel contract between 2 bts account that would promise one of them $100 of bitcoin and the other $100 loan of bitcoin.

General Discussion / How would Trezor work with Bitshares?
« on: September 10, 2017, 04:12:30 pm »
There's been much talk of Trezor integration in the past and it's certainly possible.

But how would it work? Would it work natively with the website as shown in the image below or would it work natively with the webwallet/lightwallet to protect your private key/s ?

Might get complex because of multiple private keys and many tokens


The solution you crave is called sidechains. It's a concept thats been around a few years where you move BTC on to another chain.

Theres been alot of money and work directed at this approach and it may work one day.

Read all about it here:

Technical Support / Re: Full node and blockchain size
« on: September 09, 2017, 11:07:14 am »
When the blockchain got stuck a few months ago I remember Dan Larimer saying something about some data might get lost because of corrupted memory. I'm also aware that the full public nodes are using more and more ram every day.

There's a new memory technology from intel called optane which can be used as either RAM or storage is also non volatile in that data isn't lost when it loses power like ram does.

What do you techies make of it?

Was there a BSIP submitted for this proposal on github?

a) worker requests payment with bitUSD (keeping it simple is good)
b) reserve fund of BTS is used in entirety as collateral to create amount of bitUSD necessary for payouts (no fixed ratio)
c) fees set in bitUSD to pay off debt, also payable in BTS rate determined through price feed conversion that add to reserve fund collateral (no market use necessary)

if forced settling occurs for any reason, you still have BTS so nothing changes, keep borrowing to create only what's necessary


Hey this makes a lot of sense to me, others will argue with you.

Tricky bit would implementing it technically and getting it voted for.

Technical Support / Re: Full node and blockchain size
« on: August 28, 2017, 05:08:42 pm »
you'll need a lot of ram, I think 32 gig is recommended. not sure of blockchain size

Placing relative orders would be amazing.
Yes BTSbots can do this but it would be so much better built in to the exchange GUI using witness price feeds.

General Discussion / Re: Sidechains should be a priority for bitshares.
« on: August 06, 2017, 03:44:36 pm »
I can't support this enough. This is the #1 weakest point now and with it bts would be unstoppable.

Blocknet has been doing it the most and has mentioned it would be great idea for blocknet powered gateway to bts. Convo linked here:,24741.0.html

BTC with segwit should make this possible! I think priorities are BTC to enable trustless BTC - bitFiat trading and also steem for future EOS compatibility

I actually bought some blocknet the other day, still don't fully understand how it works though.

General Discussion / Re: Sidechains should be a priority for bitshares.
« on: August 04, 2017, 05:29:48 pm »

I removed my vote for chris4210 as a committee member due to his litigious behaviour over the blockpay debacle.

General Discussion / Re: Why spread is so large?
« on: July 21, 2017, 10:26:25 am »
Liquidity, market depth, volume

This is what all exchanges crave.

People will tend to trade on the exchange that have these in abundance, and it becomes a positive feedback loop.
Low fees aren't much good if the exchange has huge spreads.
We need market making bots run by as many people as possible and especially openledger themselves.
Anyone can run a MM bot using
I suggest we concentrate on Bitusd market pairs as USD is widely understood, held, used and is a smartcoin as apposed to a UIA.

General Discussion / Re: Cryptofresh update, feedback
« on: July 17, 2017, 03:25:18 pm »
Why not create a new worker to pay for the missing amount from the original worker? 

I'm sure it would be voted for.

General Discussion / How can we simplify the Withdraw/Deposit page?
« on: July 17, 2017, 01:58:20 pm »
To my eye there are too many options and selections to be made when depositing and withdrawing from the bithares dex.

I don't see the need for openledger to display gateways other than its own. It would greatly simplify things.

Gateways and Bridges are different operations but I don't see why they can't share the same GUI.
Specifically the blocktrades bridge GUI could serve as a gateway for openledger assets aswell.

The deposit/withdraw page could just be this:

Your thoughts?

General Discussion / Re: London meet up
« on: June 13, 2017, 12:04:40 am »
Can't make the 14th june now. It's a shame I really wish I could've come.

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