All I have to say is that the white paper I am producing on this is mind blowing...

I have never seen anything more universally agreed upon by forum members... 60:5 is HUGE! 

The fact that no one thinks a blockchain can be implemented without fees.... is proof of innovation! 

Anything I could do in 5 minutes or less with 100% certainty and could apply for millions of users?

Please do not compete with micropayments until IOTA is liquid so I can get back into BTS, because right now, I have several BTC non liquid locked in IOTA ICO.

I thought BTS chose not to compete in micropayments

Why now do you choose to take market share from Internet of Things?

https://bitcointalk.org/index.php?topic=1299209.msg13394486#msg13394486

BM said that he would work with IOTA, not compete against them!

https://bitsharestalk.org/index.php/topic,19534.msg251719.html#msg251719

BM said:

"I think there is potential for IOTA and CNX to work together on providing the best possible technology for micro-transactions."

Now he states that he will instate competitive pricing?!

My intent is only to make BTS the best at what it does and to find a way to make free transactions possible.  The referral program still depends upon transaction fees and it will be up the committee / stakeholders to vote on what transactions result in fees. This proposal was mostly aimed at getting a user experience closer to what people expect from centralized exchanges.

Good question

Proof of Witness Consensus


Proof of Consensus is my favorite, we have two ways to prove consensus:

Indirectly via Witness Votes
Directly via TaPoS. 

Assuming you start out with a known checkpoint (aka genesis) with a sufficiently distributed (and anonymous) ownership then this is very effective and robust.

We are looking for more redundancy in the API servers that can be integrated into the default wallet.  Currently we have bitshares.openledger.info and bitshares.dacplay.org.  To prevent/minimize downtime in the event of a server failure we would like to see additional API servers available.

Also we would like to see additional faucets set up and running.  The faucets have control over the referral program.   We will integrate the faucet / API servers into the default light wallet client.  This way the user can quickly and easily switch.

All that is required is a domain name and vetting by this community. 

It is possible to do the following:

1. Have all of the witnesses monitor the BTC network for transfers to a designated multi-sig address which is defined by the BTS consensus to be the top 15 witness signatures (max MSIG allowed by BTC).   All of these UNSPENT OUTPUTS get included as part of BTS consensus state.

2. Every time a BTC transaction gets 6 confirmations, the blockchain transfers SIDE-BTC asset to a balance controlled by the first input address (assuming the address is a simple 1 sig input).

3. Allow this SIDE-BTC asset to be converted back to BTC with an operation that makes a request.  For witnesses to produce a block they must also sign off on the MSIG transfer authorizing BTC to be sent to the proper address.

This is something that could probably be implemented in about a month of dev time on the back end.

In theory the witnesses could collude to steal all deposited BTC funds.

Mining pools promote centralization of block production, but decentralization of hashing power.

A system without mining pools would be dominated by large solo miners and smaller miners would be unable to participate at all.

Overall hashpower will be lower without pool mining.

Number of block producers would be greater (better censorship resistance).

Others?