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how bts hit the highest 0.34CNY again?i think the fee can adjust by voting
20bts cost 6.8CNY per transfer
try our best to avoid directly collect fund from end usergive us a voting range of 0.1 to 20 BTS and we will initially start out at 20 but and when a new competitor finally enters our Public Smart Property space, the. we can lower the price to undercut the competition. Its business 101. Launch your new tech product with high profit margins the. lower it over time to discourage competitio. This will allow us to keep the monopoly longer and pay for more R&D with serious profits.
the fees are good for several things we need:
- flood prevention
- affiliate marketers
- fee pool (which funds development)
so everyone demanding low fees for the sake of micro transactions should look for one of the 1000 other coins that offer nothing more than that. we have a business to run and sustain here.
people hold cash/money get less profit/interest, and hold asset like stock to get higher profit/interestThat is the fee for TRANSFERS.it is a little high
Market Orders are 5 BTS
Canceling Orders is 0 BTS
Etc. There is no longer a once price fits all.
Perhaps, but so are the costs of motivating referrals. Lower the price and the referral system loses all incentive.
That is the fee for TRANSFERS.it is a little high
Market Orders are 5 BTS
Canceling Orders is 0 BTS
Etc. There is no longer a once price fits all.
内盘用的规则是按你说的价格成交,不是最优价格成交(当然我比较讨厌这个规则).卖的也0.005成交, 买的人同样也0.009成交, 中间的差值作为系统的利润?
所以比如当前有5万0.005的卖单,有人用0.009的价格买了1万BTS,成交记录里看到的就是0.009成交了1万.但这1万是与0.005卖单成交的,所以比如你有0.006的卖单就不会成交.
I think pay is not much in initially , I think $150 is enough , hire $80 per month vps and other $70 is for maintainhow about set a minimum number first such as 17 then increase the number according to the feed price(acutally this is the paramater of marketing cap)?
For example:
17 witness when 2.0 lunch.
if feed_price > 0.1, witness_number = 33
if feed_price > 0.2, witness_number = 51
......
if the system is strong, we don't need to worry about this delution and we can even set more than 101 witness, but the reality is we're still a little baby, we need to make us strong step by step
The actual number need not be coded in and is entirely set by voters in real time. The only number we need to set is PAY.
actually bitcoin is controlled by top 5 mine pool , do you remember 5 mine pool in china refuse update the max block sizeThe bitcoin network spends 25 BTC every 10 minutes on security, that's $33k per day. How much does it cost to elect 17 witnesses? ...Once one person does that, it's goodbye chain.
This.
There is no doubt that Bitcoin has its weaknesses in both decentralization and security (those are not always the same). But anyone claiming that BitShares, as it stands today, has security anywhere near that of Bitcoin is in need of a serious reality check. If you want to attack the Bitcoin network directly (disable it), you need to attack ~6000 full nodes and disable a good chunk of the mining power so that block processing is effectively disabled. With pool-miners essentially able to switch pools at a whim, this must be an extremely difficult operation. If it was feasible (with Bitcoin's 3-4 billion USD market cap) it would have been done already. Let's not arrogantly dismiss Bitcoin's proven security.
As far as I can tell, one of the real dangers to Bitcoin right now is someone controlling a majority of the core devs and driving opinion that way (opinion influences nodes and miners). The recent block size debate has taught us that is still a weakness of Bitcoin. Taking control of mining power is extremely expensive, and can today only be done by huge actors that are good at staying hidden for an extended period of time.
BitShares may be be doing things more efficiently than Bitcoin, but I'm struggling to see how a big actor will have any problem whatsoever taking down 17 witnesses running on 300$ a month. Now I'm not a hacker or security expert, but I've seen how something so small as the newly set up Norwegian Pirate Party DNS server (combatting Pirate Bay censorship) may quickly find itself under heavy DDOS fire. Why would something like this not pose a danger to the BitShares network, with our portfolio of powerful enemies?
I'm thinking that if there is a possible attack vector into BitShares, it will be used. Distributing witness control over several 100 will make it more robust. We need to be proactive with BitShares security, better too much than too little. If the BitShares network is only once attacked and driven to a halt, the crypto community will nod their heads and go "Mhm, that's what we thought. Game over."
the number doesn't really matter!a great car run with speed 40km/s sometimes , it not mean this car cannot run with speed 200 km/s
if we lower, we will get attact.
so i am not worried about this.
my questions are:
1. how does we guarentee that all 17 witnesses are unic?
2. if they all run on amazon, i don't call us decentraliced, because this gigant can shut all witnesses easily out.
I like the number 42 - because it is the answer for anything!
