Haha. Cool.  |
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Awesome  |
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If you hold BitShares PTS (formerly known as Protoshares) in your wallet 21th August
you will be given BitShares Vote and BitShares DNS.
When BitShares Vote and BitShares DNS launch, you import your BitShares PTS wallet's private key to receive your stake in each (instructions will be given). This means that you should retain control of the BitShares PTS wallet until Vote and DNS launches. This means that only the amount of BitShares PTS you held in your wallet at 21th of August will matter to how much stake you get in Vote and DNS. Also note that this means that BitShares PTS price will fall immediately after August 21th, as everyone who bought BitShares PTS just to get a stake in Vote and DNS will be free to sell their PTS. Also note that BTER and BTC38 will take snapshot of your PTS for you, to make it easier for users, https://bter.com/article/2278https://bitsharestalk.org/index.php?topic=6705.0More info on BitShares DNS here,
Video (Draft): https://www.youtube.com/watch?v=qeweF05tT50Webpage: http://dotp2p.io/Final Allocation, https://bitsharestalk.org/index.php?topic=6753.0More info here, http://wiki.bitshares.org/index.php/.p2p_(BitShares_DNS) More info on BitShares VOTE here,
Developed by FollowMyVote, visit their webpage here, http://followmyvote.com/BitShares VOTE whitepaper, http://followmyvote.com/wp-content/uploads/2014/08/The-Key-To-Unlocking-The-Black-Box-Follow-My-Vote.pdfGeneral info about BitShares here,
http://wiki.bitshares.org/http://bitshares.org/
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If you hold BitShares PTS (formerly known as Protoshares) in your wallet 21th August
you will be given BitShares Vote and BitShares DNS.
When BitShares Vote and BitShares DNS launch, you import your BitShares PTS wallet's private key to receive your stake in each (instructions will be given). This means that you should retain control of the BitShares PTS wallet until Vote and DNS launches. This means that only the amount of BitShares PTS you held in your wallet at 21th of August will matter to how much stake you get in Vote and DNS. Also note that this means that BitShares PTS price will fall immediately after August 21th, as everyone who bought BitShares PTS just to get a stake in Vote and DNS will be free to sell their PTS. Also note that BTER and BTC38 will take snapshot of your PTS for you, to make it easier for users, https://bter.com/article/2278https://bitsharestalk.org/index.php?topic=6705.0More info on BitShares DNS here,
Video (Draft): https://www.youtube.com/watch?v=qeweF05tT50Webpage: http://dotp2p.io/Final Allocation, https://bitsharestalk.org/index.php?topic=6753.0More info here, http://wiki.bitshares.org/index.php/.p2p_(BitShares_DNS) More info on BitShares VOTE here,
Developed by FollowMyVote, visit their webpage here, http://followmyvote.com/BitShares VOTE whitepaper, http://followmyvote.com/wp-content/uploads/2014/08/The-Key-To-Unlocking-The-Black-Box-Follow-My-Vote.pdfGeneral info about BitShares here,
http://wiki.bitshares.org/http://bitshares.org/
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Of those listed, NXT since it is a "2.0" coin. Of all the 2.0 coins, I'd say BitShares. At least it is the most interesting one as BitShares X just launched and is trying to prove itself among NXT, Counterparty, Peercoin, etc. http://wiki.bitshares.org/ |
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The advantage with PoW is NOT that it is somehow "backed by work," what gives bitcoin its value is its superior usefulness to that of fiat.
The real advantage with PoW is that you have an independent means of quantifying effort to secure the network and distribute coins.
Unfortunately, in its current state bitcoin has become centralized through mining pools and industrial mining (centralization of mining increases efficiency). Because of this, and because bitcoin uses 10% of its market cap atm to pay the miners, people are innovating and trying new types of blockchains hoping that we hit upon something that can destroy the old economical system and replace it with a faster, more fair, open, secure, decentralized and lower cost system.
Bitcoin is a vision, bitcoin is a dream we all have, and anyone who holds bitcoin can easily "vote" with their money to incentivize research into potential new technologies that can bring value into this helpless world of ours. Not all altcoins are pump and dump scams, many are lead by visionaries who, inspired by Satoshi, set out to try doing things a little differently. Bitcoin does not have to be the be-all end-all. Bitcoin is our basecamp.
So lets explore and figure out how to bring the bitcoin vision into reality. If government corrupts the central mining pools we all lose; if we have ten thousand blockchain tentacles each with new innovations there is no stopping us.
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Reached bottom at 15 million, now let us see how high it bounces  |
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Ya, get some NXT as well. |
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I'd Check out Bitsharesx, their DPOS system is very interesting. Holding some NXT as a hedge is probably a good choice.
I was originally going to dump my money back into CEX until I saw how pricy it is. Thanks for referring me to BitsharesX! How exactly does DPOS work?  More info here, http://wiki.bitshares.org/index.php/DPOS_or_Delegated_Proof_of_StakeI got a bunch a few days ago, but I'm having difficulty trying to become a delegate. Any tips on how to?
The technical how-to is explained here http://wiki.bitshares.org/index.php/DPOS#How_to_become_a_delegateHowever, as delegates are voted in by shareholders in the chain (those who hold btsx), it is essential to promote yourself on the bitsharestalk.org forum, especially in the delegate section here. You are more likely to get votes if you don't take full pay (delegates select how much % of pay they will take), OR if you provide some useful service to the shareholders who vote for you, like promotion, development, review-of-delegates, or even charity or other things people take kindly to  |
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Just tried transfering some funds.. So smooth already, takes less than 10 sec for a full confirmation.. That breaks the barrier of feeling immediate transfers.. I know from experience people get annoyed waiting for the elevator if it takes more than 15 seconds.
Once exchanges etc. are up to speed and people start efficiently voting for Delegates, this will explode.
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I think PTS price is moving upwards in anticipation of announcements ...
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BitShares X kicks ass.. Once bitUSD launches, moon is next.
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Guess what was just released.. |
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I think these hackers are always out to get my most successful altcoin investments, first blackcoin and now vericoin. fml
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+1 Just kidding I already have some from the PTS snap shot I mined about a 150 of them in a few days and got 1.3*150... I guess times that by 500x because they increased the supply from 4 shmill to 2 bill?
Yup. |
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Vitalik Buterin of Ethereum and winner of the Peter Thiel fellowship award ($100k) has an interesting blogpost where he discusses the merits of PoW versus PoS. Check it out here, https://blog.ethereum.org/2014/07/05/stake/He points out Daniel Larimer's TaPos as a promising alternative to PoW. Daniel Larimer recently improved the idea and developed DPOS, illustrated above. This is a kludge. He's trying to solve a complex problem with an even more complex solution. These issues can be done with layers on top of Bitcoin. We don't need to solve all the world's problems today, even if an engineer thinks he can do so. I would really prefer if our best theoreticians and programmers were working on Bitcoin and Colored Coin. Now, having said that, I think it's a great idea to try. There is plenty of room for many more cryptocurrencies. That's a good attitude. What do you think about this quote that it might be a good thing to have different chains having separate fates? Piling every proof-of-work quorum system in the world into one dataset doesn't scale.
Bitcoin and BitDNS can be used separately. Users shouldn't have to download all of both to use one or the other. BitDNS users may not want to download everything the next several unrelated networks decide to pile in either.
The networks need to have separate fates. BitDNS users might be completely liberal about adding any large data features since relatively few domain registrars are needed, while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices.
I see this as a sociological issue "getting increasingly tyrannical" and such. This is why I see Bitcoin itself becoming the de facto reserve currency, and not so much a local one. The blockchain will be constrained by miners by simply making the fees exorbitant for local users. My father used to say "Price, Quality, Service. Pick any two if you want to stay in business." Bitcoin is the DNA building blocks that can be fashioned into things that are wondrous and monstrous. I suspect the nations and states will choose an alternate cryptocurrency or derivative coin that best serves its political ideologies, but if they want to play the global economics game, they will use bitcoins. Agree with most of this. It really is a sociological issue to some extent. We can't forget the IRL context of the blockchain. It's an interesting idea that one has to pick two out the three, price, quality and service - have really never thought about it that way, but when you point it out I sure see a lot of successful products following that 2/3 rule |
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I believe perhaps this is the same table referenced. It has been changed and updated. It has NXT/Bitshares vs other networks. I think some of the accuracy concerns have been addressed ?  Easy money. |
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Why do you think Bitshares is such a great project ? Why shouldn't I invest in NXT instead ?
I invest in NXT because I invest in Daniel Larimer when I invest in BitShares, and he holds that NXT is a good investment. Make no mistake, if not soon, then someday soon both NXT and BitShares will be 10-20x what they are now. |
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BitShares X IOU's trading on bter.com and btc38.com! Pre-release market cap of BitShares X looks to be hovering around 25 million. |
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The delegate discussion is one of the more interesting things in the crypto space atm. The almost organismic nature of DACs will soon reveal itself.
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