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Messages - davidpbrown

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31
General Discussion / Re: Announcing Brownie Points (BROWNIE.PTS)
« on: July 22, 2015, 02:40:48 pm »
> Technically all Brownie Points mean is that you are on my good side.

I got none. ::shrugs::

I'd rather just see the product live up to the hype.

32
General Discussion / Bank of England: Central banks looking at 'hybrid systems' using Bitcoin's block
« on: July 17, 2015, 06:29:38 pm »
Bank of England: Central banks looking at 'hybrid systems' using Bitcoin's blockchain technology

It is worth being mindful of what traditional central banks are looking at. There is huge potential there, if it falls in the right direction. In reply to the uk.gov call for information end of last year, I noted BitShares but they will likely only adopt what is clearly understood and fair to all.

My reply suggested several classes to help their understanding..

> Class 3: Tokens with value pegged to match other assets Description: Digital tokens whose value is notionally pegged to real world assets, such as the GBP; USD; Gold; etc. Those pegs follows from a consensus of the value of each asset. BitShares: bitUSD is an example.
> # Recommend: No regulation or Government intervention is needed here.

then

> Class 3 above is especially interesting, as it suggests a stable market for bitUSD and others like bitGBP might arise, and yet still not require Government intervention. Those tokens would be pegged by consensus to the USD and GBP; Governments would continue to define the value of those fiat currencies and their digital equivalents would follow. What is interesting then is the potential for those tokens not just to be bought; sold; and shorted, as they are now, but later that they could become useful as currency - that is as communication of value. That suggests potential in Class 3 to prove more useful than Bitcoin even, because of that value relating directly to those real world currencies. That such digital token equivalents exist, would not necessarily affect their real counterpart in a bad way. Indeed having bitGBP, would enhance the status of the GBP directly. There is then opportunity here for the UK.gov to enable bitGBP to become de facto digital currency.

> Government might want to consider becoming a stakeholder in Class 3 and in Class 1, in order to provide confidence; impetus; and network stability.  Encouraging the use of digital tokens with equivalent value to the GBP could prove be very useful to helping the UK businesses engage digital currencies.

BitShares needs to lose any politics about it's DPOS and make it's ambition clear and simple for outsiders to understand. Make it useful and make it uncontroversial and perhaps they would opt for that simplest solution having digital GBP as ==bitGBP? Is BitShares worthy of the BoE risking billions of GBP on?? Creating alsorts of additional features, might be less important than getting one killer capability exactly right.

33
General Discussion / Re: Announcing Brownie Points (BROWNIE.PTS)
« on: July 14, 2015, 05:35:30 pm »
Quote from: bytemaster on July 12, 2015, 03:03:20 pm
I think I have caught up with people on this thread.  If you think I may have missed you let me know.  It certainly wasn't intentional.

I replied to CLains by PM as that was suggested as an option. Client's a few days behind atm, so I don't know what I've received. The work of a devil's advocate is invaluable :D

34
General Discussion / Re: Rust
« on: July 04, 2015, 08:53:50 pm »
Thanks.. the search through a lot of "trust" results :)

I think the difference since that old thread is that is appears to have paid off from the devs perspective.

35
General Discussion / Rust
« on: July 04, 2015, 08:45:14 pm »
While waiting again for the BitShares client to catchup, I'm wondering at how slow the software is running - how much it's trying to do..

Have the devs considered a switch to Rust? I've not seen any discussion here about it but then elsewhere there's a lot of praise for what it does for development. Rust is a systems programming language focused on three goals: safety, speed, and concurrency, and appears to be delivering. It's a painful transition initially but the payback is huge. It's probably the wrong time to ask but for example, MaidSafe is getting great results; Rust's inclination to resist any overhead and then retain speed and stability, might be worth considering. It apparently greatly reduces the codebase and the complexity.

This list of what Rust does not do, is interesting: https://graydon2.dreamwidth.org/218040.html
User forum is at https://users.rust-lang.org/c/help
Dev forum for the Rust language is at https://internals.rust-lang.org

36
General Discussion / Greece's Yanis Varoufakis prepares for economic siege as companies issue private
« on: July 04, 2015, 07:42:08 am »
Greece's Yanis Varoufakis prepares for economic siege as companies issue private currencies

> Businesses in Thessaloniki and other parts of the country are already creating parallel private currencies to keep trade alive and alleviate an acute shortage of liquidity.

Will be interesting to watch how they do that. I expect it's not practical yet to use cryptocurrency but imagine a world in which they did.

37
Technical Support / Re: [ANN] BANX Capital Joins BitShares Exchange Network
« on: June 23, 2015, 06:03:24 pm »
Quote from: Ben Mason on June 23, 2015, 01:10:16 pm
Just a thought, has anyone approached David Irvine of Maidsafe yet?  It's one hell of a project with closely aligned principals.....

To what end?.. the MAID==Safecoin, will be reissued on SAFE once the network goes beta - likely in the next few months. I don't know what BitShares will be offering Maidsafe.. though BitShares opting to move onto SAFE would be an interesting step, that would make more sense later on once the network is established. Any support within DEX or other exchanges for buying Safecoin would be very useful.

38
General Discussion / Re: Roanoke Times Article
« on: June 22, 2015, 10:00:18 am »
I read just over half and it looked good and fairly positive, no strong takeaways. What it did well is tempts a closer look at BitShares, from those who might be interested. So, having depth obvious and available to those who follow through will be important. Perhaps put a header on this forum pointing to the principal website; blog; and other more technical raw detail.

Triox makes his point too strong but it's true that more press releases and other forms of communication, targeted at different audiences, will become more important.

39
General Discussion / Re: New bitshares.org Feedback
« on: June 14, 2015, 07:40:18 pm »
I see no benefit in grey text over black; or light grey over white.. too many websites seem to opt for a lighter shades just to appear different but I think more contrast the better for being easy on the eye.. more impt where there's lots to read. Perhaps consider website standards tests for accessibility, if not already done.

40
General Discussion / Re: BBC:Newsnight: Does Blockchain technology work?
« on: June 13, 2015, 07:36:05 pm »
Quote from: liondani on June 13, 2015, 07:22:37 pm


Quote from: Empirical1.2 on June 13, 2015, 07:03:48 pm
I assume they'll be buying our code and hiring our developers in the very near future, if they haven't started already.

It really smells like that... The question is how will we benefit from that also?

Given what I saw of the inaugural http://bitcoinandblockchainleadershipforum.org/ meeting, with many of those above attending.. I think they are still getting their head around basics and likely are not aware of BitShares.. certainly the presenters were talking one level below awareness of anything but Bitcoin and the vague idea of something called Ethereum for smart contracts, which is why I wonder core devs should approach them directly. Doing a talk to that group at one of their monthly meeting via Skype, could be a game changer but as with all such groups it'll take a few rounds to resolve real interest to the point of investment of time and money. Also, engaging with old fintech brings a risk of them forcing their naive interest before what BTS holders might prefer. I expect that they are still a year or two away from strong engagement but some might be more keen and aware than others.. it's hard to know for sure.

41
General Discussion / BBC:Newsnight: Does Blockchain technology work?
« on: June 13, 2015, 04:52:52 pm »
BBC:Newsnight is one of the more serious mainstream news staples. So, surprising to see this so early on. It's rather upbeat on the wider potential.
Does Blockchain technology work?

Barclays represented there.. others UK businesses known to have an interest include: Aberdeen Asset Management; Accenture; Acxiom; Allen & Overy; Aszast; AXA Investment Managers; Barclays; Bittylicious; Blackrock; Blockchain; Boxedge Ltd.; btc.sx; Camelot Group; Cisco; Commerzbank AG; Coutts; Credit Suisse; Deloitte; Deutsche Börse AG; Elliptic; Euroclear; EY; Finfire; Freshfields; Goldman Sachs; gopurple.io; GSX Limited; Henderson Global Investors; HSBC; Investec; KnCMiner AB - Bitcoin; Legal & General; Lloyds banking group; London School of Economics; LSE Group; Michael Parsons FCA; Morrison & Foerster (UK) LLP; Northern Trust; ObjectChain Ltd; PwC; Quickbitcoin; Schroders; Standard Chartered; The Disruption House; Thomson Reuters; UBS; Visa Europe Collab; Wragge Lawrence Graham & Co LLP

and while I'm suggesting those.. a list of orgs that responded to the UK call for Information are: Accenture CryptoCoinComparison; Altana Wealth Deloitte; ATM Industry Association Digital Currencies Working Group/Electronic Money Association (joint submission); Azteco; Bitcoin Magazine; Bitcoin Manchester; Bitcoin Technology Ltd; Bitnet; BitPay; BitReserve; Bristol Pound; British Bankers’ Association/Payments Council (joint submission); Calibrated Markets LLC; CFA Institute; Children’s Charities’ Coalition on Internet Safety; Chiralkine Imperial College Bitcoin Forum; Circle Information Commissioner’s Office; Citi Innovate Finance; COEPTIS LEOcoin; The Coin Company/Future Finance Group Lockspin/BitBargain; Coinbase London School of Economics, Economic History Department; CoinCut; Coinduit; Coinerz; Coinfloor; CoinJar; Coinoshi; Coinstructors; Dogecoin; Dogecoin Foundation; Elliptic; Epiphyte; eToro; Financial Supervision Commission, Isle of Man; FirstHand; GreenCoin; Home Office; HSBC; IBOS Association; IBWT; Maclay Murray & Spens LLP; MasterCard; MatrixVision; MetaLair; Micro Code Cambridge; Mimex; 21MultiSigX Silicon Valley Bank; National Crime Agency UK Cards Association; Netagio UK Digital Currency Association; Orwell Group University of Birmingham, Birmingham Law School; Payments Advisory Group; Project Azura; PwC; Ripple Labs; Ripula; Royal Bank of Scotland; SatoshiPoint; Selachii LLP; University of Liverpool, School of Law and Social Justice; University of Southampton, Web Science and Cyber Security Academic Centre of Excellence; Vendorcom; VocaLink; Where to Spend Bitcoins UK; Yacuna

I wonder that BitShares could approach some of those, if it needs bridging.

42
General Discussion / Re: Cryptonomex? WTF is this?
« on: June 12, 2015, 10:01:50 pm »
Quote from: bytemaster on June 12, 2015, 09:23:24 pm
This is "tough love".   

Tough love on both sides.. the community expects a product that will deliver and not just fleece them dry.

It is a fine balance and obviously different enterprises have tried different models to fund development. Getting investment on the back of a promise of gold tomorrow, is easy and we've seem many variations; some IPO's just float the currency and many others bleed the currency dry, hoping to see a return in time to save all. MSC and XCP have fallen short for perhaps underestimating the timelines and they are not making money for us who invested in them.. maybe they will later. It'll be interesting to see Ethereum play out. Perhaps BitShares has it right but as we saw with Mastercoin, it's easy to burn money.. so, all the more important to spend wisely and frugally. I'm no expert but I wonder build one module that can attract new money from either angels or fintech and then develop others.. I don't know, if BitShares has been too ambitions at times, relative to what it really takes to succeed. Hopefully the next step will be a big fish that understands the potential.. perhaps don't be shy with a good idea and pitch to the Barclays' blockchain accelerate and others.

43
General Discussion / Re: [ANN] Moonstone.io development and crowdfunder diary
« on: June 12, 2015, 09:16:03 pm »
Thanks for the update.

44
General Discussion / Re: Cryptonomex? WTF is this?
« on: June 12, 2015, 08:47:21 pm »
Quote from: Riverhead on June 12, 2015, 07:44:40 pm
[Wild Ass Guessing]
The VC(s)
[/Wild Ass Guessing]

bytemaster suggested in the mumble, it was private individuals, so not exactly VCs in the usual sense of companies.

Perhaps I've had too much beer but I wonder that while newmine is always provocative, he asks an important question. Given what's occurred over at CounterParty, it seems there maybe currently more often closed opportunities than ones which necessarily lend themselves to open answers like BitShares ambition has always been. While those closed interests might take advantage of existing blockchains, there is a risk they will push for distinct options.. it would be nice, if the devs could make obvious their commitment to the existing BitShares blockchain to allay such fears once and for all. Those who are simply opportunist, are not always committed enough to fight to the end.. and realistically, existing fintech may opt for middle step private chains, before adopting more open consensus.. I think that much is unclear atm, which is why BitShares needs a clear focus and communication of capability.

Maintaining consensus, is always about having a clear direction, sense of purpose and commitment., which is why I push for roadmaps and milestones beyond just getting 2.0 launched. Robust solutions, should be able to answer tough questions.

Regardless of whether the answer is somewhere in the fine print of the new website, if the defence to such questions, is more dull anti-FUD "You're so good at coming up with new FUD.  Its like your special skill.", then that's not good enough and there needs to do better answers available in the FAQs.

Perhaps whoever are PR/Marketing can provide simple answers to these questions by referencing what is known already. The change to 2.0 is a lot to take in.. it looks good on the face of it.. having devs make obvious to everyone there intention is to continue support for BTS, would be great. There's no good reason not to encourage any fintech interest to use the existing network.. more the merrier. :drunk: :p

45
Beyond Bitcoin [closed] / Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« on: June 12, 2015, 02:55:46 pm »
@bubble789
and for those who suggest that couldn't happen.. it does appear to have occurred with CounterParty; though XCP and CounterParty may benefit in a big way, Symbiont appears to have adopted their core devs to support what might private blockchains for corporations.

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