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General Discussion / Re: Simulated proof of work
« on: April 01, 2016, 12:19:08 am »
Thanks for all the ideas guys. I can't believe I missed that thread btswolf.
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We've already created a platform where other coins can avoid the wasteful work and lower their security costs by migrating onto the Bitshares DEX. At that point they are free to do whatever they please with the savings. They can pass the savings on to their users in the form of lower fees. They can lower their dilution rate. Or some combination thereof. I suppose they could also divert some of currently wasteful spending to useful work instead. Is there anything that would prevent them from doing that right now?
QuoteTransferThat better?
poloniexwallet sent 500,995 BTS to wallet.xeroc
block 4,800,768 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 249,995 BTS to wallet.xeroc
block 4,800,767 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 149,995 BTS to wallet.xeroc
block 4,800,766 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 24,995 BTS to wallet.xeroc
block 4,800,766 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 276,443 BTS to wallet.xeroc
block 4,800,582 - 18 hours ago - 2.64174 BTS
This idea of changing the voting mechanics is only another overreact against a currently non-issue, since all workers are still active.
Instead of focusing on attacking yunbi and whoever support the anti-dilution ideas, why don't you guys try to bring more knowledge and awareness to those who
1) don't vote, directly or indirectly
2) trade on centralized exchange instead of using the dex
3) leave their bts on centralized exchange for a very long time, way more than the time needed for "just" buy and sell
4) ask some proxies to review their current vote (jakub(21M) is voting only for 2 of 6 development-worker; fav(12M) could remove his support to refund-1 plus is voting only for 1 development-worker; clayop (5M) could remove his support to refund-3; mindphlux(5M) could remove support from refund-1; and so on)
You guys are always so ready to attack these "anti-dilution gang" and name them "irrational" "stupid" "nonsense" "bts destroyer" and so on... The reality is just that they are normal people as all fo you, that only thinks differently then you are. They have different views on what is best for bitshares. That's all.
So please, focus on the real problem and on real solution, without overreacting all the time.
About this coind/days vothing thing. Just look here:
http://cryptofresh.com/u/poloniexcoldstorage
http://cryptofresh.com/u/btc38-public-for-bts-cold
poloniex cold wallet (420M) last movement --> more than 2 months ago!
btc38 cold wallet (360M) last movement --> never moved funds! almosth 5 months!
So your idea of coin days would only really increase the central exchanges voting power!
Very nice quote.I've been following this thread for every post with great interest. I just figured that truth stands on its own merit.
Reminded me of a quote I like:
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