Author Topic: New Stealth Transfer Worker ($1000)  (Read 67001 times)

0 Members and 1 Guest are viewing this topic.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
I like the approach ..
but I do not like that the core devs are working on it right now ..
I'd rather see the API improved .. but at the end of the day, you need to make money and your time is limited .. so I could understand your decision to prioritize stealth over API.

Offline bytemaster

I have been approached by a community member who has offered to cover the $45,000 to implement stealth transfers in the GUI *IF* he can get his money back through stealth transfer fees.

Stealth transfers cannot participate in the referral program. The fee for a stealth transfer can be higher (premium service) at about $0.50, with $0.10 going to the network and $0.40 going to the individual who funds this improvement to the GUI.  After the first 20 Million BTS worth of fees have been paid to this individual, the split would reverse, with $0.10 going to him and $0.40 going to the network.

The bottom line is that rather than diluting to pay for this feature, it will be entirely funded from future revenue generated by the feature itself.  As fees are set in terms of BTS, we would allow the individual who paid for this feature to set the fee until the first 20M BTS have been paid, then the committee members would take over setting this particular fee.

Without paying for this work there would be few transfers of this type. So the network doesn't lose much nor take much risk.

I have put this as a $1000 worker proposal because it requires a hard fork to add the fee splitting and it requires stakeholder approval.  $1000 is a token amount to show that the stakeholders standby this decision.

I am still working through the details with the individual who has made the offer, but we cannot do this unilaterally.
For the latest updates checkout my blog:
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.