我到认为BM的言论，只是瞎开炮而已，并没有太多的玄机

require an extra 202 bytes per transaction

202 bytes per transaction , so much consume of resource , if each transaction must include a voting ?  I mean send a translation without a voting if the stakeholder don't want to change the voting
can the client with automatic voting mode judge if the stakeholder need to change the voting when send a translation.

Quote

but I haven't  got it, why give 80% to delegate is better than now.

This probably deserves its own thread and is often discussed in the Mumble Hangouts (please show up and join the discussion).

The goal is not to give it to the delegates for simply producing blocks.  The goal is to make it the DAC flexible enough at the protocol level to adjust its resource allocation strategy dynamically and fairly according to shareholder wishes.  Shareholders select delegates.  Delegates are highly paid and thus there is competition for this role.

As delegates compete they make campaign promises such as:

1) I will fund development of a web wallet with Developers X, Y and Z
2) I will fund a faucet
3) I will return money to the shareholders
4) I will pay to lobby the government
5) I will buy a superbowl ad.

The shareholders can then decide what mix of delegates / resource allocation they desire.   

So the alternative of hardcoding minimal rewards (a fraction of TRX fees) for delegates is effectively making the decision to rely upon voluntary investment in infrastructure.  View this like a company and ask how much would a normal company spend to grow to be worth 100 Billion?    How much has this community put into the DAC to boot strap it?  Several million dollars.   To think that several million dollars is enough to take it to 100 Billion is very wishful thinking. 

In any case, the shareholders get what they want and the success of the DAC is entirely on their shoulders.

I worry about if delegate campaign  with returning money to the shareholders  ,it will decrease the stability and robustness of network of DAC , if shareholders voting delegate just because this can supply better network service ( include produce block chain, less network timeout and honesty  ) ,then the delegate supply better service have high voting .
opposite if one delegate return money to the shareholders,  many shareholders would vote him for money even this delegate supply bad network service .  worse he is a attacker

Quote from: orlander on June 23, 2014, 04:13:32 am

Quote from: HackFisher on June 23, 2014, 03:49:28 am

我觉得我可能还没有解释清楚，投票机制是DAC的一部分。BM也说了这只是一个想法，觉得这样对于DAC的发展有好处，dilution的部分是给不同的Delegate分配资源用来发展DAC，而 share holders投票选择他们最适合的Delegate，这样做貌似对BM和3I并没有任何好处。

赞同alt的建议，现在提出这个想法太超前，即使有也是很久之后的事情，把XT先搞好是正事。

还是觉得这是Developer的事。Delegate分配资源来发展DAC？那如果跟Developer的理念不一样呢？
Shareholder的的意见和Developer不一样呢？这样不是很容易搞死DAC？
这样Developer那敢分超过50%出去啊？

以后的DAC是发布之后应该是这样的， share holders说了算，不喜欢delegate，没问题, vote him out. 对developer不满意，OK没问题，delegates会说我雇佣其他developer来开发升级DAC，你们负责vote me in就行了

delegate 没有犯错误也能投反对票吗, 

发行曲线与系统价值增长速度匹配最好。全部都发了 其实也是很危险的，
相当于发行后就极度通涨。就算系统牛逼 每个主货币的价值也堪忧。
其实这方法可以，有效狙击一波流。那些准备出了bts就卖了的人会比较着急。
这也是一个激励后来者的方式，后来者购入bts动力也很大 因为利息很高。
否则 后来者会觉得是接盘，一次分完 必然是巨大的抛压。
这个策略其实有利于长期发展，对打算捞一笔就走的人来说不好。

如果我的理解没错，我倒是基本认同这个改变。

你说的发行曲线理论在BTS上占不住脚, 首先为什么当初没有考虑这个问题,如果当初提出BTS会被稀释的话,会有那么多人投AGS吗 ,BTS系统里的主流货币应该是BitUSD, 而不是BTS,  BTS是抵押的, BITUSD是可以随时产生的和摧毁的,所以你说的问题根本不存在.

The goal is to expand the role of delegates and give the shareholders the power to select the dilution rate by electing delegates that will return their surplus pay to the shareholders. 


Sent from my iPhone using Tapatalk

hello BM
I think it is very serious thing to change any coin supply .  this way no any benifit to iii and market  confodence
and i think there is no reason to change the total coin supply of BTS  ,

roy (unlocked) >>>  wallet_list_unspent_balances
           BALANCE                                   OWNER                     VOTE
--------------------------------------------------------------------------------------------------------------------------
       10000000000    XTSPZ7uJuawoRhhzmrY6XpTFiKwTSr18Cy9b                        +init-delegate-60
       10000000000    XTS9TQhSUydf6WucD2CrsYMKquoGmM56qhdG                        +init-delegate-28
       10000000000    XTSLBVU1KzA7hKUXf74tHmYRv1WtM3uFawNn                        +init-delegate-93
       10000000000    XTSCEfgwvJV4YWxA6pzdPy7SQTGGvFsEJTmX                        +init-delegate-55
I have so many BTS ? is it belong to me ,or  What is the units
roy (unlocked) >>>  wallet_account_balance roy
roy:
    10,000.000000 DRINK
    0.000000 XTS
what is DRINK?

Quote from: BTSdac on June 16, 2014, 12:13:22 am

Code: [Select]

roy (unlocked) >>> wallet_list_receive_accounts
NAME (* delegate)                  KEY                                                             REGISTERED            TRUST LEVEL
zf                                 XTS85r3BqawzUQF6fSy8PHGvH2QS9Q8Fk8VSgZGvdN6zvcPdUNE9V           2014-06-14T01:02:00   0
testz-test *                       XTS8TR6PDqB1kpThaMHXMcJisUbRXWtNGv6ru4njQnGGaLSqsKRV9           2014-06-14T10:18:15   0
init-delegate-101                  XTS6g8JzHR9WFixKjXTw3vwN54KE3Bf4kbLjBKUcw7i9yEzzD1aj4           2014-06-13T12:43:15   0
roy (unlocked) >>> wallet_account_transaction_history init-delegate-101
BLK    .TRX  TIMESTAMP           FROM                TO                  MEMO                                             AMOUNT             FEE              ID
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
   pending   2014-06-13T15:13:08 init-delegate-101   init-delegate-101   register init-delegate-110                 0.000000 XTS        0.010001 XTS        10075a1e
   pending   2014-06-13T15:22:40 init-delegate-101   init-delegate-101   register init-delegate-110                 0.000000 XTS        0.010001 XTS        d628823e
   pending   2014-06-13T15:23:41 init-delegate-101   init-delegate-101   register init-delegate-110                 0.000000 XTS        0.010001 XTS        f8c2e9ba
   pending   2014-06-13T15:26:45 init-delegate-101   init-delegate-101   register init-delegate-110                 0.000000 XTS        0.010001 XTS        f59d8204
   pending   2014-06-13T15:31:54 init-delegate-101   init-delegate-101   register init-delegate-118                 0.000000 XTS        0.010001 XTS        e5d40c89
   pending   2014-06-13T15:33:28 init-delegate-101   init-delegate-101   register init-delegate-118                 0.000000 XTS        0.010001 XTS        11b6e455
   1638.0    2014-06-13T15:39:15 init-delegate-101   init-delegate-101   register zf                                0.000000 XTS        0.010001 XTS        a63d3a1e
   pending   2014-06-14T04:58:30 init-delegate-101   init-delegate-101   register init-delegate-118 as a...         0.000000 XTS       10.495701 XTS        cfa13613
   pending   2014-06-14T05:22:45 init-delegate-101   init-delegate-101   register init-delegate-118                 0.000000 XTS        0.010001 XTS        bc09a847
roy (unlocked) >>> wallet_account_transaction_history zf
    BLK.TRX  TIMESTAMP           FROM                TO                  MEMO                                             AMOUNT             FEE              ID
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
roy (unlocked) >>> wallet_account_transaction_history testz-test
    BLK.TRX  TIMESTAMP           FROM                TO                  MEMO                                             AMOUNT             FEE              ID
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
as up code show , I list all accouts in my wallet,and every translation of my accounts,
maybe I think there is some bug , why I have follow accounts, I never register it ,and more serious thing is I can get the private key of "testz-test"  and there is no translation for regester fee. BM ,what is wrong?
testz-test *                       XTS8TR6PDqB1kpThaMHXMcJisUbRXWtNGv6ru4njQnGGaLSqsKRV9           2014-06-14T10:18:15   0

I think what happened was that the old wallet sync bug affected you, and it won't go away just from updating because it has to do with your wallet not clearing its indices.

What you should do is dump all your private keys, erase data dir, and re-import.

Quote

and more serious thing is I can get the private key of "testz-test"

Really? Are you sure you are able to wallet_dump_private_key for that address? If so, are you sure it's not actually one of yours?

I would be very very surprised if private keys were somehow shared, that is almost certainly not the case.

I will double check it  after work ,