Author Topic: Hangout every Friday @ 10am EST/STD  (Read 67059 times)

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Offline kenCode

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #75 on: June 11, 2015, 05:20:27 pm »
Oh, I like ^this^ guy. 8)
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Offline bytemaster

Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #76 on: June 11, 2015, 09:04:23 pm »
I would like to know what Dan was reeferring to in the last mumble when he said that he would wait until next week until he begins revealing what his first proposals as a contractor are going to be.  I want to see if his strategic direction is in line with Russ and I's ideas that we have been discussing following our mega percentage stake increase in this cute little microcap corporation.  I hope that your plans for the future are just as ambitious as your dream that got us here young Jedi.

We will be watching your progress, and voting exclusively for dev projects that only serve in Russ and I's personal financial interests.  In the meantime, go ahead and start pitching the ideas for future development, so we can begin discussing our options.  Sophisticated investors like ourselves always have our eyes on the future, so it behooves you to begin singing for your lunch son.

You said on your last mumble that you were the most sacred when the share price was at its low.  Sleep easier knowing that investors like Russ and I have your back next time the shit goes down.

Peace, brother.

https://www.youtube.com/watch?v=857XqOoMm8c#t=44s

Right Russ?   

https://www.youtube.com/watch?v=YUBpqOdF3i0#t=1m44s


Russ?....

https://www.youtube.com/watch?v=4utHn-iUvoI

how about this....eco-crypto-economics

cryptonomix?

Pass the shrooms Dan.

Proposals will be:

1) Options Market
2) Escrow / Payment Channels (off-chain micro payments combined with arbitration)
3) Scripting Engine

For starters...


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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Russ Hanneman

Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #77 on: June 11, 2015, 09:51:35 pm »
I want to see if his strategic direction is in line with Russ and I's ideas that we have been discussing following our mega percentage stake increase in this cute little microcap corporation.

We've already put this thing called "money" on a new thing called "the blockchain", when no one was doing it, so you know we'll be Hoovering up the deals in no time.

We will be watching your progress, and voting exclusively for dev projects that only serve in Russ and I's personal financial interests.  In the meantime, go ahead and start pitching the ideas for future development, so we can begin discussing our options.  Sophisticated investors like ourselves always have our eyes on the future, so it behooves you to begin singing for your lunch son.

And after you've finished singing -- Tequila for everyone!

Sleep easier knowing that investors like Russ and I have your back next time the shit goes down.

I've got some bad news on that front Erlich. Due to a series of bad investments my money guy let me talk him into, I'm no longer the billionaire you've looked up to all these months, I'm a $986,000aire -- and that's not even a real thing. If you round down, I'm a Zeroaire! I mean, functionally I'm just like you Erlich, and f*** that's depressing. I've lost nearly $200 mio on an insider NXT pump and I'm out of the three comma club. My only hope to restore my sad existence to it's former self is to pump & dump Feathercoin beyond imagination. If this doesn't work, the next thing you know I'll be on Forbes, "Close but no cigar" list, which is ironic, because I smoke a fu**ton of cigars.

Russ Hanneman
Financier Extraordinaire


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Offline arhag

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #78 on: June 11, 2015, 10:09:54 pm »
1) Options Market
2) Escrow / Payment Channels (off-chain micro payments combined with arbitration)
3) Scripting Engine

For starters...

Yes, yes, and yes.

But if the Options Market is anything like the Collateralized Bond Market (no automatic matching with market engine, no margin calls), I can't imagine it would be too difficult or too much of a penalty in performance for anyone to implement the Bond Market, Options Market, and Escrow / Payment Channels as smart contracts using the Scripting Engine. In which case, I would think #3 would be next priority feature over #1 and #2. Or is there a reason why #1 and #2 need to be native?

That also makes me wonder. Would the scripting engine allow for the creation of new object types (I think that means the x in 1.x.y ID numbers)? And how would long-term memory usage of objects stored in the database be fairly charged? I guess I will just have to wait until it is time for the official proposals.

Also, I was going to suggest another feature that would allow UIAs to elect their own delegates which could jointly control an account (like BTS elected delegates) and end up running child/side chains nested into the BitShares blockchain, but then I discovered this:)  I also love the references to SPV in that page. :)  :) Very excited for all the other things in store for 2.0 that haven't yet been discussed.

Offline starspirit

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #79 on: June 12, 2015, 01:28:22 am »
1) Options Market
2) Escrow / Payment Channels (off-chain micro payments combined with arbitration)
3) Scripting Engine

For starters...

Yes, yes, and yes.

But if the Options Market is anything like the Collateralized Bond Market (no automatic matching with market engine, no margin calls), I can't imagine it would be too difficult or too much of a penalty in performance for anyone to implement the Bond Market, Options Market, and Escrow / Payment Channels as smart contracts using the Scripting Engine. In which case, I would think #3 would be next priority feature over #1 and #2. Or is there a reason why #1 and #2 need to be native?

That also makes me wonder. Would the scripting engine allow for the creation of new object types (I think that means the x in 1.x.y ID numbers)? And how would long-term memory usage of objects stored in the database be fairly charged? I guess I will just have to wait until it is time for the official proposals.

Also, I was going to suggest another feature that would allow UIAs to elect their own delegates which could jointly control an account (like BTS elected delegates) and end up running child/side chains nested into the BitShares blockchain, but then I discovered this:)  I also love the references to SPV in that page. :)  :) Very excited for all the other things in store for 2.0 that haven't yet been discussed.

Yes, I'm with arhag on this one. It's not clear exactly what "Scripting Engine" entails (and its way too early to hold you to anything yet, given the focus on 2.0), but if it means we can create our own asset forms, please do this! Rather than build more native markets, building as much flexibility and incentive for the free market to create these is preferred. The first and simplest step could be to allow more configurable elements in privatised bitAssets, but ultimately a number of these configurable elements would need the flexibility of customised script. For example, the calculation of a token's fair value, which could consist of customised indexes or portfolios. I have much more to add on this topic shortly.

Offline clayop

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #80 on: June 12, 2015, 02:53:18 am »
What the reason of establishing separate company (cryptonomex)? Does it have plans for external investment?

Add: How is the share distribution of Cryptonomex? Stan owns 100%?

Can anyone answer these questions after tomorrow's mumble? Because I hardly participate in mumble session.
« Last Edit: June 12, 2015, 03:00:57 am by clayop »
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Offline jannnic

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #81 on: June 12, 2015, 11:43:14 am »
For the mumble Hangout:

2. Will it be possible to migrate anonymously? I.E. as Titan won't be there in Bitshares 2.0 will the migrated account be known as ACOUNTNAME-XY (jannnic) so that everyone could see how many funds I have just trough migrating?

This should help ...

4:26: bytemaster : We will recommend for ease of migration users transfer all funds to themselves for each asset.

Thanks!
Does this mean that if I transfer all my funds to another account (for example from "jannnic" to "random-string") in the old Bitshares chain, that then everything that is publicly visible after importing funds in the new chain is that xy BTS is owned by "random-string"?
« Last Edit: June 12, 2015, 12:42:13 pm by jannnic »

Offline bubble789

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #82 on: June 12, 2015, 01:03:17 pm »
Would it happen that one day Cryptonomex (and bytemaster) stops contributing/putting up proposals to improve/working on bitshares?
I see a divergence of interest between bytemaster and bitshares here. It is true that bitshares is his brainchild, hence the expected emotional and financial commitments (up to the proportional amount of BTS held).

However, what if one day, NASDAQ approaches cryptonomex and wants to do an upgrade to their trade engine. Cryptonomex team and bytemaster will work on that and leave bitshares for good, because after all, after the switch over to 2.0 bitshares is a decentralised community without true leaders but shareholders. Bytemaster also stated clearly that cryptonomex - bitshares relationship will solely be a contractor one. A decentralised community is good but a leaderless one is not. **We need Dan, Stan, Vikram and the guys who have been leading (*NOT dictating*) the community all this while, to continue to do so. A contractor role imho is definitely insufficient. I want Dan to be the CEO (and major shareholder) of bitshares, not just another major shareholder.

I will stay in BTS, until the day bytemaster (or cryptonomex for that matter) stops being a contractor, definitely.

I would love to hear the man (Dan) opinions on my concern about the commitment issue I am seeing and whether it is unfounded. 

Offline davidpbrown

Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #83 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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Offline fuzzy

Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #84 on: June 12, 2015, 07:03:16 pm »
Questions below this point will be asked in NEXT week's hangout (19JUN 2015)
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Offline Permie

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #85 on: June 12, 2015, 09:58:42 pm »
Also, I was going to suggest another feature that would allow UIAs to elect their own delegates which could jointly control an account (like BTS elected delegates) and end up running child/side chains nested into the BitShares blockchain, but then I discovered this:)  I also love the references to SPV in that page. :)  :) Very excited for all the other things in store for 2.0 that haven't yet been discussed.

Quote from Github on electing UIA "candidates".
Quote
Holders of any asset should be allowed to vote for object ID's representing candidates. A delegate is a candidate, but we can define other candidate types as well. All we need in the candidate structure is a map<asset_id, vote_count>. If we're willing to restrict each candidate object to only being allowed to run in elections for a single asset, we'd effectively be restricting the map to contain at most a single entry, and thus could simply replace it with an asset_id and vote_count.

By removing restrictions on the voting system and leveraging the general architecture of the object graph, it will now be simple to implement voting on proposals.

In addition, as well as single-sig and multi-sig, we can now allow a new signature type for "the delegate(s) appointed by the owners of X", where X is any asset. This allows systems for distributed escrow and ultimately building of new DPOS chains with their own delegates as apps on our platform.
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merockstar

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #86 on: June 13, 2015, 12:12:32 am »
are cryptonomex shares going to be issued as a UIA on the BTS blockchain?

Offline sittingduck

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #87 on: June 13, 2015, 12:54:17 am »
That's what they say they are planning.


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merockstar

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #88 on: June 13, 2015, 12:57:45 am »
That's what they say they are planning.


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okay. I can start breathing then. in that case I rephrase my question to: "how much of cryptonomex's revenue is going to distributed back to shareholders and is there a plan in place for how to proceed?"

also where did you see that, duck?

Offline sittingduck

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Re: Hangout Questions for Bytemaster (Due Friday @ 10:00am EST)
« Reply #89 on: June 13, 2015, 01:15:45 am »
Cryptonomex needs to separate themselves from being seen as the head for bts to survive.


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