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Messages - FreeTrade

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Stakeholder Proposals / Re: Voter Apathy - We need to provide incentive for people to vote
« on: November 14, 2014, 06:56:05 pm »
Quote from: liondani on November 14, 2014, 06:47:16 pm
what about to pay the top x slate publishers?

Slate publishers (directors) should be paid. I'm in favour of directors setting their own pay rate as delegates.

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Stakeholder Proposals / Re: Voter Apathy - We need to provide incentive for people to vote
« on: November 14, 2014, 06:22:23 pm »
Quote from: teenagecheese on November 14, 2014, 06:13:58 pm
The minority of shareholders who care a lot. Not me.

No. The board of directors supervises.

The shareholders choose the board of directors.

The current bitshares model asks shareholders to vote for executives/employees (delegates) directly. Rather, it should ask shareholders to support directors (slate publishers). All the politics should be at that level - directors campaigning for shareholders' proxies, and delegates should only be asking for directors' support - not running campaigns themselves.

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Stakeholder Proposals / Re: Voter Apathy - We need to provide incentive for people to vote
« on: November 14, 2014, 06:09:57 pm »
Quote from: teenagecheese on November 14, 2014, 06:05:24 pm
When I buy stock in Google, I want to completely trust those really smart guys there to do a great job and do absolutely nothing myself.

Follow that thought . . . what if those smart guys go off the rails, or start acting corruptly . . . who supervises them?

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Stakeholder Proposals / Re: Voter Apathy - We need to provide incentive for people to vote
« on: November 14, 2014, 05:52:58 pm »
Quote from: davidpbrown on November 14, 2014, 05:20:09 pm
Quote from: fluxer555 on November 14, 2014, 05:15:52 pm
Some interesting ideas:

- Slates should have 'owners'
- Slates should be 'subscribable'
- Users will subscribe to slates from trusted, public figures
- Users who subscribe to these slates are notified when changes occur
- Slate owners are given the option to write reasons why they are changing their slate
- If the user takes the time to review the change, then they can accept, deny, or make an amendment to the change
- If the user does not review the change after a given time period, it will automatically be set to accept
- Popular slates should be readily available within the client

I like this. Representative democracy more effective than direct democracy.

+1

If we're very very very lucky, we'll be able to get members to point to a guy and say 'I trust him to make good decisions about delegates, here's my proxy(slate)'.  That is the very most we can hope for.

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Stakeholder Proposals / Re: Voter Apathy - We need to provide incentive for people to vote
« on: November 14, 2014, 05:47:35 pm »
Quote from: Stan on November 14, 2014, 04:07:16 pm
2.  The next least a person can do is express trust in some other slate, by overriding their wallet's default slate and pointing to one provided by some celebrity or developer or personality you trust.

This is the level to aim for.

It's late. I'll write more about this in time.

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Technical Support / Re: Someone Registered 'My' Name!
« on: November 13, 2014, 02:31:40 pm »
Quote from: cass on November 13, 2014, 02:30:39 pm
may i can ask why you'Re posting this under newbie section!? Just curious …

Seemed like kind of a newbie question to ask.

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Technical Support / Someone Registered 'My' Name!
« on: November 13, 2014, 02:28:08 pm »
So someone registered 'freetrade' some time ago, so I've got 'freetradereal'.

Is there any way to transfer or trade in registered names?

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General Discussion / Re: Long live the social consensus, long live PTS! (Stay tuned)
« on: November 13, 2014, 10:04:24 am »
Quote from: alphaBar on November 13, 2014, 07:18:46 am
There will be no change to the social consensus, the allocation, or anything other than the protocol.

One change you have been advocating is a change to the terminal inflation rate of 1% which was built into PTS PoW to subsidize transaction processors. I think it is wise to keep this too to keep a healthy pool of delegates.

Some are arguing that a 0% is a great marketing feature . . . while this is maybe true and seems very appealing, my view is that it is planting the seed of eventual failure.

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General Discussion / Re: Am I missing something?
« on: November 13, 2014, 09:08:21 am »
I think, largely, the assets that move in tandem with Bitcoin are considered substitutes or standbys (if Bitcoin fails catastrophically, or fails to scale), whereas assets that move independently are competitors.
Right now the momentum is with BTC and speculators are probably shifting funds into it to ride the wave - one of the fastest ways to do that is from other crypto assets.

55
General Discussion / Re: Should we kill the DACronym?
« on: November 12, 2014, 06:14:30 am »
Quote from: bytemaster on November 10, 2014, 08:41:23 pm
Actually with the SEC what you call it matters more than what it is... I originally adopted the company metaphor based upon the "duck is a duck" mentality... but sadly that is not the case with regulators.   They care about whether or not you are attempting to use terms the public places trust in to persuade others to part with their money.  If you can convince someone to part with their money for a stake in a community then it is very different than selling a share in a company despite the economic result being the same.

Okay, in that case I favour 'Cooperative'.

Not sure the objection to the word 'Autonomous' - is it because the blockchain is hiring delegates, and maybe more? A smart agent could be hiring people and still be called autonomous, so could a Distributed Co-operative.

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General Discussion / Re: Proposal for simplifying account registration
« on: November 12, 2014, 06:06:02 am »
Quote from: sschechter on November 07, 2014, 04:24:34 pm
Is a one time use ugly hash really a big deal?

I agree - it's not.

My experience of it -

A few months ago I downloaded the wallet and tried to transfer some funds from bter - I was caught in the catch 22, no funds to register, no way to get funds until I registered. That was a real barrier.

Recently I downloaded again - this time I can transfer to the ugly hash from bter. No problem. Just need to make sure exchanges will transfer to ugly hashes, and worry about bigger issues.

In the short term, most new users are going to be coming from a Bitcoin background and will be perfectly at ease with an ugly hash. The id will come as a pleasant surprise. 

(All that said, POW registration is elegant, but over-engineered for what is required)

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General Discussion / Re: Should we kill the DACronym?
« on: November 10, 2014, 02:12:56 pm »
Off the top of my head too -

I think the 'Bitshares is to corporation as Bitcoin is to currency' is going to be a helpful paradigm for the press to explain Bitshares when the time comes. Keep DAC.

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Marketplace / Re: Recommended VPS provider and package for Delegate
« on: November 10, 2014, 02:06:48 pm »
Thanks Riverhead,

Is the 1GB sufficient? I see the wiki recommends 2GB, at least for the compile.

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General Discussion / Re: BitShares X rebrands itself as BitShares; adopts greater scope [DRAFT]
« on: November 10, 2014, 09:28:21 am »
Quote from: Ander on November 09, 2014, 06:27:59 am
This means that bitshares is now self funding.  It can pay for its continued development, for marketing, and to recruit more developers, once the original I3 funds are gone.  No matter what happens, bitshares can continue on and support itself.


The maximum possible inflation rate is 6.3% for next year.  (50 BTS a block, for every block for a year is 157,680,000 BTS a year.  157,680,000 / 2.5 billion is 6.3% inflation).


However, that is the MAXMIUM.   In order for that to occur, there must be 101 paid delegates all receiving max pay rate. 
Thats not going to happen.  What is actually going to happen is that voters are only actually going to vote for paid delegates for the dev team, marketing delegate, and a few others who are showing that they are adding value to bitshares.  So in reality, with maybe 20 or so paid delegates, inflation will be about 1-2% a year.

Thanks for the detailed explanation. I'm on-board - no-one believes more than me in the need for ongoing funding for dev, marketing, legal etc.

However, we're going to see constant FUD about BTS being inflationary at a rate of 6.3% an annum.

In effect, I think what we're seeing is a more like a decentralized 'central' bank that is setting an inflation rate. That might be an easier sell than 'dilution to fund devs'.
 

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Marketplace / Recommended VPS provider and package for Delegate
« on: November 10, 2014, 09:20:15 am »
I'm just getting started with Bitshares, wondering if anyone could recommend a good VPS provider to run a delegate on.

Ideally it would accept BTC as payment and offer a package with technical specs that are a good fit for a delegate.

Also wondering if anyone is keeping track of the number of delegates hosted on different providers. Would an outage at one of the popular hosts take down a lot of delegates?

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