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Messages - BTSdac

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271
General Discussion / Re: Initial Witness Pay & Number of Witnesses
« on: September 22, 2015, 05:08:38 am »
I think  the following thing should consider
1.decentralied
      BTC is much decentralied if all miner mine btc by p2p , but actually the top 5 mine pool can decide any thing of bts ,if they unite,
but why less people think btc is decentralied, because no upper limit of mine pool
 so it is not a good idea to set a low upper limit of witnesses ,
2.efficiency and cost
      as a exchange and payment system , we need high efficiency and low cost ,  if the the amount of actual witnesses is  too larger , it would influence
      efficiency , since there is one witness is working for producing block  any time .
3....

so I suggest that  set a larger upper limit of  witnesses, like  35 or 51, but actual witnesses is not too much , eg 17 or 21 
there is a mechanism to make there is a small amount of actual witnesses to keep high efficiency .
is it a trick of this mechanism?  No. this is not , the high upper limit of witnessed is to keep the safety when there is  attack
 

272
General Discussion / Re: Initial Witness Pay & Number of Witnesses
« on: September 22, 2015, 01:42:06 am »
I think the current witness is 17 is OK,  but the max witness is 17  ,too low ,
I don`t know if system find a mechanism to optimize witness amount

1. initial witness is  17 , and the minimum is 17
2.max witness is 35
3.how many witness acc. to  market cap
      3.1 market cap can calculate in BTS 2.0 system by price feed
      3.2 witness amount increase 2 if the market cap increase 10,000,000 usd, but the max witness is 35
4.  adjustment witness amout  per 15 days

273
I'll attend this conference too (if everything works out with the visa) ..

Too bad Dan can't be there (it seems) .. but I hope to have some nice chat with Stan ..
I am in shanghai , welcome +5%

274
General Discussion / Re: Things that make you go Ummm...
« on: September 18, 2015, 06:24:21 am »
btc is a great innovation ,but there are some problem , bts would make block chain become usefull

275
General Discussion / Re: Test Net for Advanced Users
« on: September 16, 2015, 06:21:00 pm »
We are preparing a new test network that will be a dry-run for the actual BTS 2.0 launch process.   This means the following:

1. It will have 3 second blocks
2. It will have 1 real computer per witness (but we will control all initial witnesses)
3. There will only be 11 initial witnesses, and we will VOTE in more
4.  We will have 1 hour maintenance intervals, this should increase reindexing time by a factor 12
5.  We will have lower transfer fees for testing purposes
6.  We will be producing price feeds for bitassets
7.  We will be producing a Mac / Windows GUI distribution
8. There will be a new genesis file from a recent snapshot.

The GUI distributions will be available next week.  This week we are focusing on our infrastructure.

Before we can launch this test network we are putting in some scheduled minor hard-forking changes that have built up over the past several weeks of the last test network. 

Our goal for this network is to pretend it is the real launch and to have it go as smoothly as possible.
happy to hear this  +5%

276
it is an UIA on bitshares chain , I  like it 
because lotteryshares can easy have high safety ,high speed and low cost  block chain on BTS,
and also it could bring new people to BTS and meanwhile it share the people on BTS
It Win-Win

277


With the 2.0 launch we should make reddit a more active place. Like it or not, alot of people go reddit to find out information first because they are usually already in reddit. I know I become a lot more active in Bitcoin initially because of reddit.
+5%
reddit is a good gate for many new people

278
General Discussion / Re: Active (un)voting initiative II
« on: September 11, 2015, 06:20:38 am »
I didn't want to hijack delulo's thread but I have to say this. I'm not a crypto person. I'm a equities and commodities trader. I have accumulated millions of Bts over time but have never voted. Part of the reason why is because Bts is not easy for me to understand. It's not my world. I do listen to Beyond Bitcoin and the discussion there is always informative and professional. And I always leave feeling quite inspired. But searching for basic information here on the forum is a pain. And the people here are toxic. I actually never realized that some delegates were receiving 10 million Bts per annum. That's a ton of dilution. As a matter of fact that's more than I have. Is that a simple calculation? Yes. But instead of bitching about it you should be asking yourselves why is it that forum members don't know this basic info and how it can be more readily available and easy to access. My mistake for thinking that this forum was designed to answer questions.

This thread is about voter apathy right? To be honest I'm pretty sick and tired of this place. When the price recovers a bit I'll be selling.
1 delegate gets roughly 140k bts monthly. At today's market cap that works out to about $400

So about 30 paid delegates @ $400 per month is $12K monthly dilution.   
Have BitShareholders received at least $12K worth of value per month?
what you mean  "BitShareholders received $12K worth of value per month" ?

279
General Discussion / Re: Active (un)voting initiative II
« on: September 11, 2015, 06:15:40 am »
MineBitshares (5/7 (!) 100% delegates!)
I have added MineBitshares to my personal unvoting list. Why? Because it has 5 (!!) 100% delegates  in the Top 101 and 2 more 100% percent delegates at 102 and 104. I think Jonathan is a good guy with many talents but the total of 7 100% delegates we are talking about here is A LOT OF DILUTION for an unproven marketing effort! See
yes  I think so  ,
MinerBitshares  is a good thing for BTS system ,
but 7 delegates is too much , it would make BTS become 7/36=20% POW coin ,

280
中文 (Chinese) / Re: 比特股2.0 十月十三號開始?
« on: September 11, 2015, 02:55:54 am »
买买买,冲上一毛,八分也行啊,最差六分不能再低了
2.0轻钱包,全新推广模式,一秒十万次,其他币都气死了 +5% +5% +5%
一秒10万次是一个远期目标吧, 短期内能实现BTC 数量级的 100倍,也就是几百TPS就不错了

281
中文 (Chinese) / Re: 比特股2.0 十月十三號開始?
« on: September 11, 2015, 02:54:25 am »
现在已经很少中国人关注,算是好事吧 +5%

282
is there bta in genesis block in bts 2.0?

283
General Discussion / Re: Migrating from older BTS to BTS 2.0
« on: September 11, 2015, 02:35:58 am »
does I have the old translation history ?

284
Muse/SoundDAC / Re: September update
« on: September 09, 2015, 03:30:59 am »
To my understood music chain is just a copy of BTS chain ?,  is it right ?  if yes , so I don’t believe an independent make any sense, but anybody can establish an independent chain , it is decentralized.

285
General Discussion / Re: Randomness of Witness Scheduling
« on: August 28, 2015, 10:25:30 am »
         I have something to achieve 0 delayed conformation, I wish I can  describe clearly

1. Dishonest witness would loss more than he gain.
           Delay pay witness income  , the locked payment is the trust of this witness. if there is dishonest evidence of witness fire he can confiscate his locked payment .
2.Witness could been trust lowly
           because witness has locked payment ,so witness can been trust lowly ,    the follow step would explain how to achieve 0 delayed conformation
          2.1  active_ witness sign a new type operation include  tx ( he receive from network) + index ( index in the block will been produce by him)+ the block No.  by using witness private key.  sign( tx+index +No.) , active_witness declare he will include this tx in next block by broadcasting  sign( tx+index +No.)
          and mean time other witness ( tx with small amount need next 5 witness support ,and larger amount tx need all witness support) also can sign  support information to this tx. and broadcast
          2.2 each node record this sign in local ,  sender and receiver can consider this tx is confirmed though this tx is not include in any block. if value of this tx is not big. because the witness had
declare he will include this tx in next block by his private key .
          2.3 if this witness is a honest one he must include this tx in next block with right index . if this witness is dishonest ,he does`t include this tx in block, each node can broadcast a new fire operation include sign( tx+index +No.).  this is the evidence of dishonest witness. to fire this witness and confiscate his locked payment. and next witness and others would refuse this dishonest block. because all node had record this evidence.
          2.4 if happen to this witness miss block (dishonest witness can miss block intentionally). the next witness can include the tx in block in he produce ,because he sign the support information

         

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