Will this community be surpporting BM's "zero fee" proposal to get micropayment?

[noisy]

I sent a PM to BM, maybe we all could work together on something.  It might be easier than rewriting the network and storage layer since RaiBlocks has it implemented already.

That would be awesome! Cooperation with skilled developers could make bitshares and cryptocurrency world even better Maybe you can join next hangout session ( I am not sure when they are organize on mumble. @fuzzy should know ).

[clemahieu]

I sent a PM to BM, maybe we all could work together on something.  It might be easier than rewriting the network and storage layer since RaiBlocks has it implemented already.

[clemahieu]

The RaiBlocks PoS network has no fees and is also fully distributed, i.e. it doesn't need elected delegates.

https://raiblocks.net/#/

Whitepaper:
https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit

I am assuming that we are a developer of raiblocks [1]. Reading your whitepaper will take me some time. Could you in the mean time describe similarities and differences between bitshares and raiblocks?

PS. great you are here!

Another difference is our distribution mechanism.  We're distributing through a captcha-limited faucet on the "Get Blocks" tab, this way anyone can jump in and get a small quantity to play with.  It's live right now.

[clemahieu]

The RaiBlocks PoS network has no fees and is also fully distributed, i.e. it doesn't need elected delegates.

https://raiblocks.net/#/

Whitepaper:
https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit

I assuming that we are a developer of raiblocks [1]. Reading your whitepaper will take me some time. Could you in the mean time describe similarities and differences between bitshares and raiblocks?

For sure.  The biggest similarity is using PoS to resolve conflicts instead of PoW.  We went one step farther and eliminated the bulk conflicts by organizing the ledger in a graph instead of a monolithic chain.  The biggest difference is this is a single-asset system, it makes no attempt to do multi-assets like BitShares.  We have a similar mechanism to delegates called representatives but there's no fixed number, anyone can name anyone else as representing their stake for fork resolution, this way nodes can be offline and representative nodes can vote with, but not spend, people's balances.

[Akado]

The RaiBlocks PoS network has no fees and is also fully distributed, i.e. it doesn't need elected delegates.

https://raiblocks.net/#/

Whitepaper:
https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit

This is nice, to have something to compare to

[noisy]

The RaiBlocks PoS network has no fees and is also fully distributed, i.e. it doesn't need elected delegates.

https://raiblocks.net/#/

Whitepaper:
https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit

I am assuming that we are a developer of raiblocks [1]. Reading your whitepaper will take me some time. Could you in the mean time describe similarities and differences between bitshares and raiblocks?

PS. great you are here!

[clemahieu]

The RaiBlocks PoS network has no fees and is also fully distributed, i.e. it doesn't need elected delegates.

https://raiblocks.net/#/

Whitepaper:
https://docs.google.com/document/d/13s6BKzRq9oD5Me55JBRzR7BdvjJ44QKqPu2lf-JsAlU/edit

[noisy]

I have to admit one thing. This change could turn the biggest disadvantage of bitshares into its biggest asset.

And the funny thing about that is... I truly believe that no one would came up with this idea, if some mistake were not be made in the first place. And the way, how BM presented this idea...

https://youtu.be/EmHrwuvoK3I?t=22m50s

Could we imagine a scenario where a blockchain has no fees at all...?

this deserve to be printed on t-shirts as our vision for next months.

[konelectric]

So far I'm for. Like to hear from @kenCode

[Bhuz]

All I have to say is that the white paper I am producing on this is mind blowing...

I hope to see the possibility of setting modular and very flexible fees if needed.

I also hope you will be open to community suggestions and ideas. I already have some, but I will wait for your white paper first.

Can't wait!

[giant middle finger]

^^^

It's like we haven't even launched yet!

how much is too much liquidity?

[EstefanTT]

It's the beauty of being able to have exchange integrated into the blockchain. The exchange provides the revenue for the blockchain to function. Instead of charging for electricity and asics, we charge for functionality. Prediction market, bond market, stealth transactions, smart contracts, etc. These are value-adds that we can charge for and make profit from.

The thing is, with this we can maximize the use of those same features. We can maximize the use of the DEX side of BitShares, bond markets, prediction markets, all of it.

We can potentially solve our fee struggle and guess what, Bitcoin and even other cryptos will still be at it. A new sunshine appears. Let's just hope this can be properly delivered assuming it gets funded.

You are right ! We have to deliver this properly. It's our chance to change the way BitShares is perceived !

I hope we will be able to keep a steady open conversation with the devs during the process, feed the BM amazing idea with our constructive feedback as a smart community and finally stryke the crypto sphere with revolutionary new way to deal with fees and blockchains.

[giant middle finger]

All I have to say is that the white paper I am producing on this is mind blowing...

I have never seen anything more universally agreed upon by forum members... 60:5 is HUGE! 

The fact that no one thinks a blockchain can be implemented without fees.... is proof of innovation!

NOT ONLY IS A FEE-LESS BLOCKCHAIN INPOSSIBLE BUT MARKET PEGGED ASSETS ARE IMPOSSIBLE TOO !!!

DREAM ON YOU CLUELESS DREAMER!!!!!


seriously though, it's a good thing that we have many other fees that we can use to pay the miners, members, and shareholder dividends

bitcoin and ethereum would both have to change their fee structure in order to compete with the world's 1 and only "Free Real Time Smartchian" (has a nice ring to it), and IOTA would launch DOA!  WTF?!

[Akado]

It's the beauty of being able to have exchange integrated into the blockchain. The exchange provides the revenue for the blockchain to function. Instead of charging for electricity and asics, we charge for functionality. Prediction market, bond market, stealth transactions, smart contracts, etc. These are value-adds that we can charge for and make profit from.

The thing is, with this we can maximize the use of those same features. We can maximize the use of the DEX side of BitShares, bond markets, prediction markets, all of it.

We can potentially solve our fee struggle and guess what, Bitcoin and even other cryptos will still be at it. A new sunshine appears. Let's just hope this can be properly delivered assuming it gets funded.

[Pheonike]

It's the beauty of being able to have exchange integrated into the blockchain. The exchange provides the revenue for the blockchain to function. Instead of charging for electricity and asics, we charge for functionality. Prediction market, bond market, stealth transactions, smart contracts, etc. These are value-adds that we can charge for and make profit from.