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Topics - Riverhead

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Stakeholder Proposals / VPS Quality Survey
« on: November 27, 2014, 03:28:07 am »
Recently I started running the bm.payroll.riverhead 100% delegate. The delegate has missed 2 blocks since going live. I was using a Digital Ocean droplet in Singapore. I have since moved to an AWS in Australia in the hopes of better reliability.

The point of this thread is for delegates to share their experiences with VPS services from various vendors and geographic locations. I'll compile this thread into a Google Sheets document that will rank the VPS.

Digital Ocean - NY, USA, 10k+ blocks, 98.2% reliability. A lot of those misses were due to 1) me messing up and 2) early days client stability.

Digital Ocean - Singapore, 100 blocks, 98% reliability. Zero client crashes or issues. This latency either from me or the person before me. I'm thinking it was the VPS.

AWS - Sydney, AUS, 2 blocks, 100% reliability. Just started using it...we'll see.

Stakeholder Proposals / Delegate Proposal - bm.payroll.riverhead
« on: November 25, 2014, 06:02:31 pm »
Delegate is LIVE - Please vote for bm.payroll.riverhead

In this thread Bytemaster requested the campaigning of helper delegates. My proposal is below. I welcome your thoughts and comments.

Pay: 100%
  • 5% - IT Operations
  • 95% - Salary paid biweekly
  • Primary delegate run on a Digital Ocean VPS based in Singapore
  • Backup delegate run on an Amazon Web Services VPS based in Australia
  • 250 BTS/month retainer to a backup person in the event riverhead is unable to handle a situation
  • Block production with 99% reliability
  • Payroll transfered to BM's account by 12:30AM EST biweekly (schedule TBD)
  • Backup fail over accounts will be pre-coded for instant redirection in the event BM is unable to collect his compensation.
  • Compensation will be 57200 BTS biweekly regardless of actual delegate income (i.e downtime comes out of IT Operations revenue)

This is great!! bitUSD is #7 in volume and the peg is showing $1.01 value.

General Discussion / Guess Who's Coming to Dinner?
« on: November 15, 2014, 04:13:40 am »
Almost 10k bitUSD in forced cover.

General Discussion / BTS is Not an Alt Coin
« on: November 14, 2014, 11:46:28 pm »
While Bitcoin was the first crypto currency and currently has the largest network effect and market capitalization it doesn't mean that every other technology that uses a blockchain is an alt coin.

First and foremost BTS is not even a coin. It is not designed or marketed to be a currency. Secondly BTS shares very little with Bitcoin in terms of actual functionality.

BTS is not just a better mousetrap. It's like referring to a 747 as an alt-car.

For these reasons, and more, I cringe when I hear BTS referred to as an alt-coin.


BitShares PTS / PTS vs BTS Snappshotting
« on: November 12, 2014, 12:39:36 pm »

The recent beating HackerFish is taking over his gift to BTS is a good case in point for why a dedicated allocation token makes sense. With BTS the issue is how to handle the assets (namely their collateral) other DACs will have other issues. It's a mess.

Although this is the PTS subforum I'll create a new thread at the link below if anyone wants to discuss further.

General Discussion / bitStash Hardware Wallet
« on: November 05, 2014, 03:46:06 am »
We need something like this for BTS. Very slick.

Stakeholder Proposals / IT Delegate Proposal - backbone.riverhead
« on: November 01, 2014, 02:13:06 pm »

UPDATE: Proposed Financials (Draft):


One of the best features of this community is the diversity of talents people are bringing to the table. Finance gurus, true hacker level programmers, marketing experts, social media wizards, and a strong contingent of IT professionals. What this means to me is that there is enough breadth of skill sets that we can each play to our strengths. I've been in the IT businesses in various capacities (support, programmer, consultant, etc.) for about 25 years and I currently manage a corporate data warehouse for a publicly traded healthcare data analytics company. As enjoyable as this job is, I'd like to leave it one day to be one of the first persons directly employed by a blockchain. Truly, I cannot think of anything more worthy of my abilities than this.

I describe an IT Delegate's duties as:
  • Spend the majority of pay on ensuring the BTS backbone: Servers in multiple geopolitical regions. Node/chain servers that support the network and can also serve as standby delegates in the event of an attack.
  • Have a robust failover strategy for all nodes with a focus on the node that signs blocks.
  • Stay abreast of developments. This means being an active participant in DevShares. Nothing should catch an IT Delegate by surprise.
  • Create educational materials for other delegates and would-be delegates. Host technical how-to sessions for people that wish to learn the ins and outs of running a delegate from an IT perspective.
  • Support delegates that do not come from a technical background. This can include basic forum Q&A to one-on-one shared sessions.
  • Develop tools to help stabilize the delegate infrastructure: automated fail over servers, compile scripts that monitor github for new releases, etc.
  • Ensure price feeds are running and relevant for all active markets.
  • Help fund projects proposed by non delegates that further the security and utility of the infrastructure.
What else?

I will set initial pay rate at 10% and will put together a budget shortly.

  • Setup multiple standby delegates to ensure the security of the DPoS network in the event of an attack.
  • Help non-technical delegates get set up.
  • Create educational material for other delegates.
Who am I really?

General Discussion / How much would you loan at 17% over two years?
« on: November 01, 2014, 02:13:26 am »

Currently DNS is trading at a 17% snapshot advantage but the BTS will be vested over two years.

What you get:
  • A vesting period of two years
  • A 17% return
  • Whatever BTS gains anyway
If you're to follow some of the posts here they say that BTS has a two year growth period for adoption and to ever consider divesting. If the advice from OldMan is followed you're waiting two years anyway.

So, are you going to buy DNS?

Live Snapshot Math:

General Discussion / New Avatars?
« on: October 31, 2014, 04:11:46 pm »
I noticed BM is no longer sporting a robot. Does this mean we're switching to a different visual ID? I like the robots but the human faces are more professional.

General Discussion / Large Retail Chains Block Apple Pay Over CC Fees
« on: October 26, 2014, 02:29:05 am »
They are working on something called MCX.

bitUSD, please come to the front to assist with checkout...

Sent from my SM-G900T using Tapatalk

General Discussion / Live SnapShot Calculator
« on: October 23, 2014, 11:41:07 pm »
Put together a quick sheet that shows the effective prices vs market prices to aid with balancing your portfolio pre November 5th snapshot.

General Discussion / v0.4.21 Nice Cosmetic Changes
« on: October 23, 2014, 04:19:02 am »
Some great visual improvements:

1) Darker font on the order books is MUCH easier to read.
2) Depth chart next to the input block is a better use of space.
3) Titles in the order book don't scroll off (finally :D )

Still looking around but so far I like the little tweaks I've seen.

KeyID / DNS Proof-of-Burn to Help Those that Lost
« on: October 22, 2014, 10:56:37 pm »

I moved my DNS stake to another account pretty much immediately and left it there. This means that I qualify for I3's extra BTS offer for those that sold on the news of his post but I am not really the target audience. I feel I am certainly not the only one in that position.

The Plan:

Work with BM to setup a Proof of Burn for anyone that sends their extra BTS distribution to an account he owns and will destroy. Since we can't know who deserves the extra DNS and who will just luck into it what we can do is lower the supply by folks willing to donate.

If this thread generates enough interest we can probably make it happen. If not nothing lost.

I3 is throwing in to help those that got burned. Let's see what the community can do.

General Discussion / Welcome back to $50MM Market Cap
« on: October 22, 2014, 04:01:36 am »
Now please let's not visit the 40's again. Nothing good happened in the 40's.

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