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Messages - kingslanding

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31
General Discussion / Re: Beyond Bitcoin hangout Tomorrow (Friday) @10AM EST
« on: May 07, 2016, 03:26:30 pm »
Quote from: Tuck Fheman on May 07, 2016, 02:47:08 am
Hey @fuzzy

Just a heads up that this episode was not made downloadable for others when it was posted.

Is it going to be eventually available on the Beyond Bitcoin youtube page?

32
General Discussion / Re: BLOCKCHAIN BUNKER Debuts on The Daily Decrypt
« on: March 24, 2016, 01:50:26 pm »
I like this initiative.  What are the funding plans for it?

33
Openledger / Re: Openledger Tutorial Videos - Open Source Training for BitShares Community
« on: March 24, 2016, 02:58:03 am »
Yeah, a similar video like the ones you made would be nice.  Hopefully you'll get a response or any needed feedback soon.  At a minimum, openledger should create a frequently-asked-questions link on its .info site.  Or a simple "how to fund your account" tutorial with screenshots and text.  I hate to think the number of people who gave up trying openledger due to something, once known, is easy to do.

34
Openledger / Re: Openledger Tutorial Videos - Open Source Training for BitShares Community
« on: March 23, 2016, 10:04:08 pm »
Quote from: ccedk on October 19, 2015, 07:52:07 am
Quote from: MarketingMonk on October 18, 2015, 12:19:06 pm
Hi guys,

I've seen a number of community members who really really want to get busy with BitShares 2 but are just hampered by so much confusion.
This leads to thread after thread as each individual attempts to get their questions answered.

I'd like to begin building a learning resource to provide a bridge into the BitShares universe.

Here is a video I created this morning:
https://uprightsolutions.wistia.com/medias/6odln9deuv

I see this very much as an open source endeavour.

I don't profess to know everything, I'm just the messenger. So experts please watch my video and dispel my ignorance so that I may go through however many iterations are necessary to reach (or get close to) perfection.

While I wait for some replies I might work on my next video :)

I'm thinking it might be better to break the learning into bite size pieces. So instead the above video going through the account section, I could break that into a video per sub-section within the account section.

@MarketingMonk I think you have started a great initiative, and even on your own to help, adn i think that needs some appreciation just for that, so I am sending you 1000 bts as a thank you for helping out making it easier for anyone joining.

I am going to speak with some of the guys on whether this kind of video could have its own page on OpenLedger landing site and n that case what ww should call the page for people easity to undertand and find.

Tutorial, How to or what could be the page name?

Apart from that, if you have the chance to make a tutorial on:

How do I change my account to th BitShares 2.0 and move funds to OpenLedger?

For obvious reasons you dont know how to do below yet, but you will soon, and then they woul be greatly appreciated as well.

How do I withdraw and deposit BTC and LTC on OpenLedger?
Ronny  Boesing: How do I connect to CCEDK from OpenLedger?

Thank you once again for your efforts make it a smooth experience to join BItShares

Need to have the video tutorial on withdrawing/depositing BTC and LTC right away and on openledger.info.  A friend went to openledger.info to check out the exchange but got totally turned off because there was no info on how to sent BTC into OPENBTC.  And the concept of OPENBTC as an IOU or your btc equivalent needs to be explained.  His comment:  "No wonder there's no one trading on this thing."  Sadly, I agree.

35
General Discussion / Re: If Rootstock succeeds, bitshares would be copied/forked
« on: March 23, 2016, 08:46:34 pm »
I would think the federated peg using witnesses would be more secure for bitshares.  Doing SPV proof may not even be necessary for us.  It may be a PR issue if people can't see the parallel benefits of the federated peg and DPOS.  Just as with DPOS, if the federated peg holds for a good length of time before SPV is ready, people will have more faith in it.

36
General Discussion / Re: BIT20 Smartcoin, top 20 cryptos weighted index (ETF like)
« on: March 22, 2016, 10:28:10 pm »
Coingecko has an interesting mix.  Mouse over the ?'s to see explanation of each weighting.

https://www.coingecko.com/en

37
General Discussion / Re: If Rootstock succeeds, bitshares would be copied/forked
« on: March 22, 2016, 09:56:16 pm »
Quote from: tonyk on March 22, 2016, 07:56:39 pm
Quote from: kingslanding on March 22, 2016, 03:02:01 pm
There's a difference between Rootstock and the likes of OMNI and XCP.  Both OMNI and XCP have their own coins and independent goals separate from bitcoin.  Rootstock is an extension of bitcoin.  It will have the backing of the bitcoin community.

It's a white paper, vaporware.  We always hear those arguments when a project gets started.  I remember hearing about that for Ethereum and even Bitshares. 
They plan a limited release of their testnet to partners by the end of April and to the public by September.  It may not happen by those dates, but it's highly probable something will come out w/ the amount of money they got.

Rootstock itself will not match Bitshares' performance.  It doesn't have to.  It's going after a different market and has to be just good enough.  All it has to do is prove that sidechains work.  Once that happens, bitcoin's network effect will take over.  It wants Ethereum to do well because it ports into Rootstock's smart contracts.

Once the sidechains flood-gates open, I see people looking at the top 2.0 projects to fork as a quick way to build bitcoin into a new evolved entity.  Great performance will be absorbed.

Sidechains is a ceiling waiting to be broken.

If the white paper turns to be indeed doable and I mean doable within 1 year.... BTS cannot do much really.
Their side chain approach is really trustless! What is the best we (BTS) can offer?
"Sidechain done/depending on Highly trusted group of individuals. Trusted by who?...well trusted by us."

We would have to use the same federated peg as Rootstock.  We could use the witnesses as a start.

I believe their federated group will consist of themselves, miners, VCs, banks, and respected bitcoin devs.  Initially, Rootstock doesn't need to convince you, me, or any decentralized advocate to trust their network.  They only need to convince the people the federated group interacts with.  So Digital Currency Group only needs to convince its high net-worth clients to support it.  Banks their customers.  Miners their pool members.  The majority of users they target (ie. the public) won't even care about decentralization.

As for bitshares, those who believe in DPOS should support our federated group of witnesses.  The trust factor is the same.  Otherwise, we've got some convincing to do.  It would be nice if there were companies interested in bitshares to participate.  As far as I can tell, there are none.  Part of the problem?

We either win big or lose big.  There is no middle ground.

38
General Discussion / Re: If Rootstock succeeds, bitshares would be copied/forked
« on: March 22, 2016, 03:02:01 pm »
There's a difference between Rootstock and the likes of OMNI and XCP.  Both OMNI and XCP have their own coins and independent goals separate from bitcoin.  Rootstock is an extension of bitcoin.  It will have the backing of the bitcoin community.

It's a white paper, vaporware.  We always hear those arguments when a project gets started.  I remember hearing about that for Ethereum and even Bitshares. 
They plan a limited release of their testnet to partners by the end of April and to the public by September.  It may not happen by those dates, but it's highly probable something will come out w/ the amount of money they got.

Rootstock itself will not match Bitshares' performance.  It doesn't have to.  It's going after a different market and has to be just good enough.  All it has to do is prove that sidechains work.  Once that happens, bitcoin's network effect will take over.  It wants Ethereum to do well because it ports into Rootstock's smart contracts.

Once the sidechains flood-gates open, I see people looking at the top 2.0 projects to fork as a quick way to build bitcoin into a new evolved entity.  Great performance will be absorbed.

Sidechains is a ceiling waiting to be broken.

39
General Discussion / If Rootstock succeeds, bitshares would be copied/forked
« on: March 22, 2016, 05:04:23 am »
I read the white paper on Rootstock:
http://www.rootstock.io/#white-paper

I think it has a good chance of succeeding.  It has a key dev on their term via Sergio Lerner and now is getting large funding from the likes of the Digital Currency Group (ie. Barry Silbert):
http://www.coindesk.com/smart-contract-1-million-bitcoin-rootstock/

It's a game changer for bitcoin.  It's solves scalability, enables micro-transactions, gives it turing-complete capabilities, etc.  It would threaten Ethereum because there's no need to go through their network. 

So why would anyone then use Bitshares?  Just create a sidechain based on Rootstock, fork Bitshares and wham!  You just instantly created a bitcoin trading platform that can do 100k txn/sec and has all the other great BTS features.

The only way to head this off is to get a bitcoin sidechain working for bitshares before Rootstock takes hold.  Bitshares has zero network effect right now, so a migration to a copied bitshares w/ bitcoin security wouldn't be hard to imagine.

I know bytemaster believes bitshares should let others get sidechains going, but it would be a mistake if there's no immediate plan for someone to do so.  We've all discussed the positive game-changing effect a bitcoin sidechain would have on bitshares.  But there's now a threat that I think makes it imperative.

40
General Discussion / Re: BitShares now Live on Microsoft Azure Blockchain as a Service (BaaS)
« on: March 11, 2016, 03:18:38 pm »
Quote from: Fox on March 11, 2016, 01:32:38 pm
Article on Brave New Coin website authored by Luke Parker:
BitShares price jump follows Microsoft Azure addition

http://bravenewcoin.com/news/bitshares-price-jump-follows-microsoft-azure-addition/

Fox, I like your quote from the article:
 “Future innovation will likely come in a side-chain style project, first with Ethereum then Bitcoin. I don't see the current linear blockchain like we have today lasting beyond 5 years.”

Relationships & synergies with other cryptos/companies will bring in VC money and price appreciation.  I think as a community we're starting to see hard evidence of it.  Well done, Fox.

41
General Discussion / Re: Potential BitShares Road Map for 2016
« on: March 08, 2016, 02:33:37 pm »
I'm not sure how much even a large marketing campaign will help.  I know what bitshares offers yet I'm not using the exchange.  The perception is it's just an exchange w/ newly added bells/whistles.  ETH and MAID aren't being propelled due to marketing.  Instead, they have a compelling story, a fresh identity that's starting to become reality.

For the long-term viability of bitshares, I think we should start creating relationships outside our world.  Sidechains would be the place to start because a collaborative effort is needed anyways to get it to where it's a game-changer for bitshares.  We can initiate an open dialogue with Blockstream.  Why not us post on their forum?  The visibility would be more far-reaching than a take-a-look-at-us approach..

Working relationships would create and open new opportunities for future ideas.  Result:   automatic buzz, a sense that bitshares is working for everybody, great PR.  I can see CNX getting long-term work from it.

This thread just started by JonnyBitcoin is a good start.
https://bitsharestalk.org/index.php/topic,21814.0.html

42
General Discussion / Re: Make a MUSE sidechain first?
« on: March 07, 2016, 03:55:42 pm »
A "trusted sidechain" as outlined by the google doc would work if it were initially backed by exchanges or someone like coinbase.  Otherwise, I think it will die on the vine.

Sounds like to get the impact we need from sidechains requires more than $200k (as abit suggests).  It would take a collaborative effort from CNX, Blocktrades, and Blockstream (ie. bitcoin).  And the only way I can see that happening is we get a venture capital infusion from a big investor.  Or there's an agreement from all parties to create a largely funded FBA; could be risky from an investor point of view.

Doing a sidechain on MUSE makes sense if the collaborative effort had some traction or at least an initial agreement to work together were presented.


43
General Discussion / Re: Sidechain bitAssets
« on: March 07, 2016, 05:23:48 am »
I think if a formal  proposal that detailed a high-level plan for implementation and breakdown of cost were created, there would be a lot of interest.  Then the final amount, even $200k, would be justified.

If a true 2-way sidechain between real BTC and SIDE.BTC were proposed I would contribute to an FBA.   I know I wouldn't be alone on this.  A large chunk of the community realizes the importance this would bring to bitshares.

44
General Discussion / Re: Sidechain bitAssets
« on: March 05, 2016, 09:39:15 pm »
Quote from: onceuponatime on March 05, 2016, 08:16:06 pm
Quote from: Erlich Bachman on March 05, 2016, 05:24:01 pm
Didn't you hear the mumble?

Dannostein already has code for another project he could monnetize here, and we could have a multisig sidechain in 3 months effectively allowing bitcoins to trade on our 3 second smartchain, sucking all the bitcoins off the bitcoin blockchain and onto ours and creating perfect pegs in the process.

Total estimated cost:

$200k, a mere $5,000 Ethereum IPO investment (sold today)

We would effectively become bitcoin's "lightning network"

dannotestein previously stated that he is doing an ipo of BlockTrades
https://bitsharestalk.org/index.php/topic,21509.0.html

In that case, if he considers the sidechain project to be feasible and profitable, he will be able to finance it. I guess we could fund raise to loan him the money to get started until his ipo goes through.

Too bad the ipo isn't open to US residents:
"...please note that this offering is NOT available to US and Cayman Islands citizens and residents."

Is there any indication that he'll even do sidechains anytime soon?  It'd be nice to know the steps he needs to get there besides 3 months and ~$200k.  He may have already too much on his plate or may need more devs.

45
General Discussion / Re: Beyond Bitcoin (CNX) Hangout w/ Bytemaster Tomorrow @ 10AM EST
« on: March 05, 2016, 06:11:26 pm »
Has a recording of this session been posted anywhere yet?  I checked bitsharesnews.info.

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