Author Topic: 36 100% delegates  (Read 10757 times)

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Offline fran2k

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But I honestly know nothing about what the marketing delegates are doing, I have no info. Could someone update me?

They all stopped marketing and have been donating their funds to stuff like minebitshares.

All the information is in our thread. Please post there any question or suggestion.
Witness: rmglab /// Buenos Aires BTS Meetup http://www.meetup.com/es-ES/BitSharesBA/ /// [old BTS 1.0 chain] Delegate bitshares-argentina (ex argentina-marketing-matt608) Thread https://bitsharestalk.org/index.php/topic,15781.0.html

Tuck Fheman

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What are you guys doing?
- squeezing of course
- wasting your shareholders money
- buying drugs
- watching porn

So basically, nothings changed from the last update. I still support your efforts! ;)

EDIT : LOL! No basically Tuck, you're replying to the same comment from months ago.  It's morning for me, I'll catch up.
« Last Edit: August 26, 2015, 06:37:28 pm by Tuck Fheman »


Offline Buck Fankers

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Offline BunkerChainLabs-DataSecurityNode

Under DPOS 2.0 most of these issues go away.   The newly created stake will be vesting, fees will be higher, no marketing delegates will be voted in, and only a few workers will be hired.   It will also make it easier to delegate your voting to a 3rd party which should allow a more responsive system.

1M BTS for the devs means they have been paid for less than 1 month of work in the past 7-8 months from delegate pay.

If there is a 100% delegate that is getting paid for nothing then let me know and I will remove my votes from them.   

I can think of only one right now that needs votes removed. delegate1.john-galt

I tried for weeks to rally people to vote him out but failed.

As for the rest..  +5%
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Offline bytemaster

Under DPOS 2.0 most of these issues go away.   The newly created stake will be vesting, fees will be higher, no marketing delegates will be voted in, and only a few workers will be hired.   It will also make it easier to delegate your voting to a 3rd party which should allow a more responsive system.

1M BTS for the devs means they have been paid for less than 1 month of work in the past 7-8 months from delegate pay.

If there is a 100% delegate that is getting paid for nothing then let me know and I will remove my votes from them.   
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Offline Akado

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It's not enough ever.

I was totally in support of minebitshares, but 3 delegates plus rgcrypto is absurd. Plus what do they make in fees? As long as they have delegates, their fee intake should be public info.

Same goes for Metaexchange.  I see hardly anyone uses it so fees are rather null at this point. Then you should ask, how much and how long should a site that isn't being used be allowed to get 100% delegate funds?

What exactly are the Chinese marketing delegates contributing at this point?  Let's get beyond the fact that they did something awhile ago, like make a website or two. What are they doing now to be allowed to keep earning?

So far it seems like, if you get voted in and you don't rustle the leaves you get to drain the system for free. I thinks lot of delegates are nearing a 750,000 BTS earned, while he Devs are near 1,000,000.

750,000X $.006= $4500 today's prices

$9000 at the highs this year
$2700 at the low this year

I know all of you expect BTS to increase. So hasn't everybody earned enough to retire on if BTS goes where you think it's going to go? Do these marketers really not have a real everyday job that pays their bills or are you telling me everyone of the delegates quits their full time real world jobs to live off delegate pay?

I think it's time you guys ask yourselves these questions. Never mind about me and how much you despise me. Think about everything every delegate has done and whether they have delivered and need the pay, delivered and dont need the pay or delivered and have been paid in excess according to what they produced?

Are all these guys going to need their delegate pay to hand over to Cryptonomex for compatibility with the Bitshares network and setting up?

Are we still waiting on whatever point oh for a marketing push?

Is some of the delegated content creating multiple streams of revenue?

Is everyone transparent?

If this only was the OP .. then people would listen to you more closely.
That said, I totally agree and I am getting tiered of asking paid delegates to publish reports on a regular basis .. there definitely is a lack of transparency ..
  +5%
finally  +5% People shouldnt even have to ask for reports. We need the hub prometheus is working on só bad
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Offline vegolino

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It's not enough ever.

I was totally in support of minebitshares, but 3 delegates plus rgcrypto is absurd. Plus what do they make in fees? As long as they have delegates, their fee intake should be public info.

Same goes for Metaexchange.  I see hardly anyone uses it so fees are rather null at this point. Then you should ask, how much and how long should a site that isn't being used be allowed to get 100% delegate funds?

What exactly are the Chinese marketing delegates contributing at this point?  Let's get beyond the fact that they did something awhile ago, like make a website or two. What are they doing now to be allowed to keep earning?

So far it seems like, if you get voted in and you don't rustle the leaves you get to drain the system for free. I thinks lot of delegates are nearing a 750,000 BTS earned, while he Devs are near 1,000,000.

750,000X $.006= $4500 today's prices

$9000 at the highs this year
$2700 at the low this year

I know all of you expect BTS to increase. So hasn't everybody earned enough to retire on if BTS goes where you think it's going to go? Do these marketers really not have a real everyday job that pays their bills or are you telling me everyone of the delegates quits their full time real world jobs to live off delegate pay?

I think it's time you guys ask yourselves these questions. Never mind about me and how much you despise me. Think about everything every delegate has done and whether they have delivered and need the pay, delivered and dont need the pay or delivered and have been paid in excess according to what they produced?

Are all these guys going to need their delegate pay to hand over to Cryptonomex for compatibility with the Bitshares network and setting up?

Are we still waiting on whatever point oh for a marketing push?

Is some of the delegated content creating multiple streams of revenue?

Is everyone transparent?

If this only was the OP .. then people would listen to you more closely.
That said, I totally agree and I am getting tiered of asking paid delegates to publish reports on a regular basis .. there definitely is a lack of transparency ..
  +5%

Offline Erlich Bachman

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Tuck and Newman both have a point.  Newman is a huge BTS whale who will never leave our community because he is completely addicted to controlling his destiny just like the rest of us.  However, he is nervous to see that suddenly BitShares is growing faster than the community is able to audit it.  Haste does make waste, as growth is normally followed by healthy pruning.
You own the network, but who pays for development?

Tuck Fheman

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i started working on this transcript and i think it can answer a lot of questions concerning minebitshares and delegates. i'll try to finish it up within next 48 hours, or just listen to the hangout.

https://beyondbitcoin.org/delegate-hangout-with-datasecuritynode-about-minebitshares/

Offline fuzzy

But I honestly know nothing about what the marketing delegates are doing, I have no info. Could someone update me?

They all stopped marketing and have been donating their funds to stuff like minebitshares.

This minebitshares is marketing as far as we were concerned so much of those delegates like rgcrypto go to minebitshares. Beyond Bitcoins team collectively contribute 11.5% to minebitshares for that reason.
WhaleShares==DKP; BitShares is our Community! 
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Offline xeroc

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It's not enough ever.

I was totally in support of minebitshares, but 3 delegates plus rgcrypto is absurd. Plus what do they make in fees? As long as they have delegates, their fee intake should be public info.

Same goes for Metaexchange.  I see hardly anyone uses it so fees are rather null at this point. Then you should ask, how much and how long should a site that isn't being used be allowed to get 100% delegate funds?

What exactly are the Chinese marketing delegates contributing at this point?  Let's get beyond the fact that they did something awhile ago, like make a website or two. What are they doing now to be allowed to keep earning?

So far it seems like, if you get voted in and you don't rustle the leaves you get to drain the system for free. I thinks lot of delegates are nearing a 750,000 BTS earned, while he Devs are near 1,000,000.

750,000X $.006= $4500 today's prices

$9000 at the highs this year
$2700 at the low this year

I know all of you expect BTS to increase. So hasn't everybody earned enough to retire on if BTS goes where you think it's going to go? Do these marketers really not have a real everyday job that pays their bills or are you telling me everyone of the delegates quits their full time real world jobs to live off delegate pay?

I think it's time you guys ask yourselves these questions. Never mind about me and how much you despise me. Think about everything every delegate has done and whether they have delivered and need the pay, delivered and dont need the pay or delivered and have been paid in excess according to what they produced?

Are all these guys going to need their delegate pay to hand over to Cryptonomex for compatibility with the Bitshares network and setting up?

Are we still waiting on whatever point oh for a marketing push?

Is some of the delegated content creating multiple streams of revenue?

Is everyone transparent?

If this only was the OP .. then people would listen to you more closely.
That said, I totally agree and I am getting tiered of asking paid delegates to publish reports on a regular basis .. there definitely is a lack of transparency ..

Tuck Fheman

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Offline BunkerChainLabs-DataSecurityNode

But I honestly know nothing about what the marketing delegates are doing, I have no info. Could someone update me?

They all stopped marketing and have been donating their funds to stuff like minebitshares.

I see. So if they stopped working (assuming I didn't get it wrong), they probably donate a big part of their salary right? Minebitshares already has 3 100% delegates + funds + double of the price when they were asking for delegates if im not mistaken. And it's still not enough?

It's not enough ever.

I was totally in support of minebitshares, but 3 delegates plus rgcrypto is absurd. Plus what do they make in fees? As long as they have delegates, their fee intake should be public info.

What exactly are the Chinese marketing delegates contributing at this point?  Let's get beyond the fact that they did something awhile ago, like make a website or two. What are they doing now to be allowed to keep earning?

I apologize if I offended anyone in the making of this comment.

This is wrong.. again.. more misinformation to make your wrong points.. surprise.

I can't speak to all the other delegates.. but I am starting to see why they haven't bothered to say anything.

3 100% delegates includes rgrcryptos.. and we only started receiving bts from the newly elected one a few weeks go after loan repayments. Note that a great deal of the BTS goes towards bonus payouts to the miners daily...and if you knew anything about anything you would know its a zero fee pool. I been losing money on it ever since I took it over... path to profitability for it is a few phases of development away.

@Akado - I already told you it didn't double, it went up by 60%.. even since that post it has gone further down. A 100% delegate earns less than $27 a day "right now" ..we all know the market cap goes up and down but my necessity to pay out bitUSD daily doesn't change.. and most of the time the cost is higher not lower. The current balance of bts we have managed to save in the short period while still paying out bonuses has amounted to about 4X less than every quote on the work to be done I have ever gotten. Also as noted earlier we got 40% of phase one done as well, while 60% remains. So no, its not enough... we are left waiting for months until there is enough to move forward. I kinda have repeated dozens of times now in forums.. but I guess when the trolling starts reality goes out the window.

Could you share what's the 60% about? I know I ask a lot of questions but I really feel like I need to, I don't like to feel uninformed

The simple points are:

- Conversion of the new platform to operate with bitshares
- Automation of payouts
- More detailed reporting
- Newly designed website
- Support for multi-pool mining
- Preproduction testing and verification of new merge mining, sha256, and quark support.

Thats just phase one.. I spent considerable time researching up to phase four. Only recently was I going to provide an updated roadmap up to phase three now that they got finalized, but recently I was seeking out yet another quote in the hopes of finding some magical pot of programmer gold. I expect to get that in the next few days and then will be settled on what we are looking at.. then I can post that update. I can tell you now though.. it likely won't be much different from what  have been saying for the past month and a bit.. we don't have enough to get it all done.. so we wait... or get the other delegates voted in and have a budget to work with to get it done sooner.. move to profits faster.. and end them all as I have stated since the beginning.
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Offline NewMine

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But I honestly know nothing about what the marketing delegates are doing, I have no info. Could someone update me?

They all stopped marketing and have been donating their funds to stuff like minebitshares.

I see. So if they stopped working (assuming I didn't get it wrong), they probably donate a big part of their salary right? Minebitshares already has 3 100% delegates + funds + double of the price when they were asking for delegates if im not mistaken. And it's still not enough?

It's not enough ever.

I was totally in support of minebitshares, but 3 delegates plus rgcrypto is absurd. Plus what do they make in fees? As long as they have delegates, their fee intake should be public info.

What exactly are the Chinese marketing delegates contributing at this point?  Let's get beyond the fact that they did something awhile ago, like make a website or two. What are they doing now to be allowed to keep earning?

I apologize if I offended anyone in the making of this comment.

This is wrong.. again.. more misinformation to make your wrong points.. surprise.

I can't speak to all the other delegates.. but I am starting to see why they haven't bothered to say anything.

3 100% delegates includes rgrcryptos.. and we only started receiving bts from the newly elected one a few weeks go after loan repayments. Note that a great deal of the BTS goes towards bonus payouts to the miners daily...and if you knew anything about anything you would know its a zero fee pool. I been losing money on it ever since I took it over... path to profitability for it is a few phases of development away.

@Akado - I already told you it didn't double, it went up by 60%.. even since that post it has gone further down. A 100% delegate earns less than $27 a day "right now" ..we all know the market cap goes up and down but my necessity to pay out bitUSD daily doesn't change.. and most of the time the cost is higher not lower. The current balance of bts we have managed to save in the short period while still paying out bonuses has amounted to about 4X less than every quote on the work to be done I have ever gotten. Also as noted earlier we got 40% of phase one done as well, while 60% remains. So no, its not enough... we are left waiting for months until there is enough to move forward. I kinda have repeated dozens of times now in forums.. but I guess when the trolling starts reality goes out the window.

Ok. So you have 2 delegates plus Rgcrypto's.

So you are making $81 a day right now with the three. It was a nice try to gloss over the total amount of earnings you make by throwing out the numbers for a single delegate. $81 X 7days = $567 per week.

Do you have a break down of how many blocks are being mined per coin and the exchange rate and how you are determining the extra bonus?  You are raking in ~13K in BTS per day. Do you have logs of handing that out on top of what is being mined? Somehow I doubt it.