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Messages - werneo

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286
Meta / grammatical error on bitsharetalk.org home page
« on: May 31, 2014, 09:57:40 pm »
Music
With the latest technologies that enable transparent decentralized ledgers, it is now possible for artists to sell shares in the their songs rather than copies of their songs.
Moderator: cob

FYI

287
General Discussion / Re: Siren Music
« on: May 24, 2014, 11:51:30 pm »
Leads to question if we really need a leadership for bitshares .. who is strat. leader of nxt?

The Bitshares software ecosystem, once launched, does not need a CEO, nor is Daniel it's CEO.

Daniel is the CEO of Invictus Innovations, which is a virginia based real life corporate entity that has investors and is the trustee of funds invested via angelshares.  There will always be a CEO of Invictus, but it wasn't always and doesn't always need to be Daniel whose skills seem better suited for other roles.

In this mumble session, at about 56 minutes:
**corrected link** http://beyondbitcoin.libsyn.com/hangout-051014-dan-larimer

... Daniel makes the point that Charles Hoskinson's work style was to be on phone, talking to people, selling-the-vision all day, everyday.

Daniel said he had never seen anyone do that kind of job as well as Charles.

So here's a bold move with salutary consequences: Hire back Charles Hoskinson as the CEO of I3.

Bring him in with you, and let him do what he does best.

If I3 did something like that... Charles and his team at the front end, and Daniel and his teams at the backend, this organization would fly.

288
General Discussion / Re: BitShares PTS2 - Community Input Thread
« on: May 22, 2014, 03:10:10 am »
Having 100% controlled by i3 would be a disaster

This seems really harsh.  I'm not sure where you are coming from here.  People seem to think the marketing hasn't done much but we haven't really had anything to market yet.  It's not like I3 has blown through a lot of money.  I think there may be a shift as the first products are released and AGS wraps up.

There are also risks to handing out a ton of money to "the community" because there's not really a fair way to do that.
My take:
https://bitsharestalk.org/index.php?topic=4648.msg59090#msg59090

Agent86 -- sometimes I think you talk like I3's mom.

I think the balance of 350k PTS should be burned. If not, the market may finally lose faith in everything I3 has been doing.  If PTS drops another 40%,  the crash in value will scare off new investment and your best developers could walk away. 








289
General Discussion / Re: Bitshares slogans
« on: May 19, 2014, 07:45:03 pm »
Bitshares:
  • Reimagine Finance
  • Reinvent Business

or maybe:

  • Reimagine Markets
  • Reinvent Money


290
Almost 3/4s of respondents to the poll think that the name should be changed.

When I first heard about keyhotee, the first thing I thought of was Don Quixote, old and deluded, tilting at windmills. Second thought was: This is not a hopeful brand name for a new venture.

I vote for change.

291
Bitcoin "has not solved the Byzantine Generals Problem... it just defined a rule set for consensus  that allows anyone with money to control the network and once controlled there are no alternatives."

BING, BADDA BOOM!

https://bitcointalk.org/index.php?topic=558316.msg6577007#msg6577007  *edited with correct link.

292
General Discussion / Re: MaidSafe IPO on Mastercoin
« on: May 02, 2014, 11:40:17 pm »
Luckybit I think his issue is that you haven't responded to the claims that safecoin does not grow more valuable with the value added by the maidsafe app layer with any good arguments. There is a specific problem with the economics of safecoin which is the thesis of everyone arguing against it. Can you identify it?

Sent from my SCH-I535 using Tapatalk

Please do tell. I can't figure out how safecoin makes money.

293
Keyhotee / Re: Profile not found
« on: May 02, 2014, 06:32:52 pm »
1) With Keyhotee not running, delete your existing Keyhotee profiles using file explorer. Your profiles are located in the directory:
%LOCALAPPDATA%/Keyhotee

Thanks for the pointer.

Yes, Keyhotee is now installed. I created a new profile. But it's not clear how I can apply my old keyhotee ID and foundercode to the new wallet. I tried to Create New Identity, but it did not match my old Public Key and Founderscode.

So now there is a new identity with my old Keyhotee ID and a new founderscode. Results in error, "Invalid ID/FounderKey Pair"
The public key will change, this is expected, that's why we're re-registering. You enter the founder's code, so I'm confused about what you mean by this didn't match...

I created a new profile, then logged into keyhotee.

Then I click CREATE NEW IDENTITY, and enter my existing Founder Code.

Then if I view SHOW DETAILS of my new Identity, it shows my name, my Keyhotee ID, and my public key. My Founder Code shows up in the NOTES section of SHOW DETAILS. Then there is a YELLOW alert box that says "Invalid ID/FounderKey Pair".

So it's a bit perplexing.

294
Keyhotee / Re: Profile not found
« on: May 02, 2014, 12:23:44 am »
1) With Keyhotee not running, delete your existing Keyhotee profiles using file explorer. Your profiles are located in the directory:
%LOCALAPPDATA%/Keyhotee

Thanks for the pointer.

Yes, Keyhotee is now installed. I created a new profile. But it's not clear how I can apply my old keyhotee ID and foundercode to the new wallet. I tried to Create New Identity, but it did not match my old Public Key and Founderscode.

So now there is a new identity with my old Keyhotee ID and a new founderscode. Results in error, "Invalid ID/FounderKey Pair"


295
Keyhotee / Profile not found
« on: May 01, 2014, 09:40:22 pm »

The correct key should be  883E...Gd5...

When I create a new ID all I do is put my Kehotee ID and founder code and the key is different now with no points assigned.

Do you suggest I made a mistake on the main screen when I put my brain wallet and password and names? If so how do I amend this? Do  I need to re install kehotee and do the procedure from the beggining or there is another way to go to the main screen?
Here's the steps you'll need to do:

0) You do NOT need to re-install Keyhotee.

1) With Keyhotee not running, delete your existing Keyhotee profiles using file explorer. Your profiles are located in the directory:
%LOCALAPPDATA%/Keyhotee

Each subdirectory in this directory represents a profile you've created. You can delete this entire Keyhotee directory to delete all your existing profiles.

2) Launch keyhotee. If you deleted all your profiles, you will be prompted to create a profile, otherwise you can press the New profile button on the sign-in page to create a profile.

It's not clear where the profiles are located. Keyhotee is installed here: C:\Program Files (x86)\Keyhotee 0.7.100
There are no profiles in that directory.

I am on Windows 8.

My first wallet was keyhotee_0.5.5, which worked fine.

Since I tried to update to the latest version (0.7.100), I have been unable to access my old account.

When I launch Keyhotee, it recognizes my Profile name, but when I enter the password the result is an error alert that my profile was not found.

At this point I am stuck.

Any help would be appreciated.

296
General Discussion / Re: Welcome back to bitshares AdamBLevine !
« on: May 01, 2014, 04:59:16 am »
 +5% AdamBLevine

297
General Discussion / Re: Recent attack on crypto exchange
« on: April 24, 2014, 01:34:02 am »
Dafaqcoin = total malware

Quote
The code installs a rootkit which allows the attacker to essentially run the whole server. As you can imagine, this is a catastrophic situation in certain cases. A major victim of this assault was Cryptokk.com, who has been forced out of business by this attacker.

http://altcoinherald.com/dafuqcoin-pushes-altcoin-bar-even-lower-first-trojan-coin-launch/

https://bitcointalk.org/index.php?topic=575281.msg6343245#msg6343245

298
General Discussion / Re: MaidSafe IPO on Mastercoin
« on: April 22, 2014, 06:57:01 pm »

is bytemaster a prophet ?



Geeze. Give this young fellow a break. He doesn't need to be prophet or a demi-god. He just needs to be garden-variety visionary with great coding skills. Being Moses is too much pressure, brah.

299
Let’s put it simply,
In the meat world 99% of the population does not understands what the central banker is talking about.
In the crypto world 98% does not know (or do not have the time to research) the protocol.
So in this particular venue, we believe when bytemaster tells us ‘side chains will be/are  unsecure’
 SO!!!
We do not need forward/backward or sideway compatibility with anyone… OK
So shut up… and listen…
:))))))

As a reminder, the topic of the thread is, "What does Blockchain 2.0 mean for Bitshares X and other Invictus DACs?"

Note this interview with Adam Back and Austin Hill: https://www.youtube.com/watch?v=tvaAiBMdGt8
beginning @8:55 or so. Adam B. Levine asks the essential question about security. Austin Hill's response was that the bitcoin protocol itself needed to be changed to secure sidechains inside the bitcoin network.  These people are at the professional heart of cryptography. Right now bitcoin is in version 0.9x. These guys have announced plans to work with the core bitcoin developers so that by the time bitcion 2.0 comes out 2 or 3 years from now, sidechains will be fully secured by the hashing power of the network. Part of the narrative is that bitcoin has effectively crowdfunded an ASIC hashing infrastructure currently valued at $250,000,000 and growing. 

Look, I am all for dPoS. But to date it's untested. If it works flawlessly, then dpos will go into history and bytemaster will be more celebrated than Satoshi. But if the first missle blows up on the launch pad, I3 would be well-advised to have a thought-through contingency plan.

Re: What does Blockchain 2.0 mean for Bitshares X and other Invictus DACs?

300
First we'll have to wait and see if this can be done, but judging from the reddit posts by Dr. A. Back they are well past that point. He apparently organized a "Bitcoin mansion" with a lot of btc-devs to work out if it could be done. He also seems to be in discussion with a large number of mining-pool operators plus he already has massive funding partners. All in all I don't think it would be wise to bet against this getting implemented.

The reddit discussion also mentions that there is no limit to what type of sidechain can be pegged onto the bitcoin-main-chain even other POW/POS ones, but preferred merge-mining over inferior solutions like scrypt if you just want things like faster block-confirmations.

Closest analogy to I3 projects would be that bitcoin works like PTS, but without snapshots, so you can freely opt in or out of your stake anytime you want. The lag of getting BTC in and out of the sidechains is only required for liquidity and interchain btc-trading would probably be faster. To me this makes all alt-coins plus things like Ethereum in their current form irrelevant and Bitcoin into a giant Hydra of the crypto-space with transforming heads.

I share the concerns of Bytemaster around bitcoins mining centralization, however sidechains also offers an easy way out for bitcoin, as this essentially makes bitcoin entirely liquid and blockchain independent.

All in all I think I3 and Bitshares should add the btc-sidechains into their considerations for future (or even short term) projects. I know I3 associates itself with the virtual giants fighting knight, but even chivalrous idealists have to eat. If btc-sidechains can absorb our DACS it might be wise to be doing the absorbing ourselves and offer a more gradual and incentivized way out of bitcoins centralized mining. A bit of strategic and tactical readjustment might be advisable.

 +5%

It's hubris to dismiss Aethereum.

http://www.reddit.com/r/Bitcoin/comments/22na59/sidechains_the_coming_death_of_altcoins_and/
https://bitcointalk.org/index.php?topic=563925.0
https://www.youtube.com/watch?v=cbLvun4hU1A
https://www.youtube.com/watch?v=tvaAiBMdGt8

I think that, along with all the plans and ideas floating around I3 headquarters, there should be a plan to address the challenge posed by Aethereum: I3 should develop a contingency plan to make Bitshares forward compatible with sidechains. If sidechains take off in the next few years, Bitshares should be ready to adapt.


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