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121  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: January 11, 2015, 01:50:38 PM
Stable BitAssets by BitShares Video
https://www.youtube.com/watch?v=fnunXnLdJdw

Introducing BitShares SafeBot
http://bytemaster.bitshares.org/article/2015/01/11/Introducing-SafeBot/

Overstock to Crypto-Stock
http://bytemaster.bitshares.org/article/2015/01/09/Overstock-to-Crypto-Stock/
122  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: January 07, 2015, 03:44:33 PM
New blog posts from BitShares founder Daniel Larimer aka Bytemaster, enjoy!

The Worlds First Decentralized Exchange
http://bytemaster.bitshares.org/article/2015/01/07/The-Worlds-First-Decentalized-Exchange/

The most Decentralized Proof of Stake (POS) system.
http://bytemaster.bitshares.org/article/2015/01/07/The-Most-Decentralized-Proof-of-Stake-System/

The Future of Crypto Currency Exchanges
http://bytemaster.bitshares.org/article/2015/01/05/The-Future-of-Crypto-Currency-Exchanges/

How to Register a BitShares Account
http://bytemaster.bitshares.org/tutorial/2015/01/03/How-to-Register-a-BitShares-Account/
123  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: January 06, 2015, 10:25:17 PM
New BitShares.tv Episode, and this one is a popular one!

2015: The year of the decentralized bitcoin exchange
https://www.youtube.com/watch?v=TtCVRIwcBYU

124  Alternate cryptocurrencies / Altcoin Discussion / Re: More BitShares greed. on: January 06, 2015, 10:22:35 PM

You didn't answer these questions:

1 - How is DPoS an "improved" version of PoS seeing that it is clearly a more centralized consensus mechanism?
2 - How does Bitshares rationalize that it is "decentralized" when it is susceptible to and previously undergone a Sybil attack, where actually, Bytemaster voted ONE person into FIVE delegate positions?

Someone having multiple delegate positions is not an attack.  It increases centralisation so is best avoided, but is not an attack.  Would you consider the moment gigahash.io briefly had over 51% of the hashpower on bitcoin an attack even though they didn't actually attack?  Having 5 delegates is no where near enough to even potentially attack the network so please refrain from making wild exaggerations.

125  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: January 04, 2015, 03:42:16 PM
New Video Tutorials of using BitShares wallets

1. How to downlaod and install the latest bitshares wallet
http://www.aboutbts.com/2014/12/how-to-downlaod-and-install-the-latest-bitshares-wallet.html

2. Creat and register your account and sub-account
http://www.aboutbts.com/2014/12/video-creat-and-register-your-account-and-sub-account.html

3. How to backup and restore your BitShares wallet
http://www.aboutbts.com/2014/12/how-to-backup-and-restore-your-bitshares-wallet.html

4. How to backup your BitShares wallet in a JSON file
http://www.aboutbts.com/2014/12/video-how-to-backup-your-bitshares-wallet-in-a-json-file.html

5. How to buy BitUSD in BitShares wallet
http://www.aboutbts.com/2014/12/video-how-to-buy-bitusd-in-bitshares-wallet.html

6. How to use BitShares wallet in your favorite browser
http://www.aboutbts.com/2014/12/video-how-to-use-bitshares-wallet-in-your-favorite-browser.html

7. How to login to bitsharesnation.org using BitShares account
http://www.aboutbts.com/2014/12/video-how-to-login-to-bitsharesnation-org-using-bitshares-account.html
126  Alternate cryptocurrencies / Altcoin Discussion / Re: More BitShares greed. on: January 03, 2015, 08:14:37 PM
This thread is ridiculous.  Under the proposed default dev pay positions voters can vote them out with a click.  Hardly greedy to put your salary in the hands of the users of your product.  

The proposed change just allows the devs to stay focused on dev work instead of having to campaign to be elected.
127  Bitcoin / Bitcoin Discussion / Re: Proof of stake mining of bicoin on: January 01, 2015, 07:45:58 PM
Mathematically proving delegates are different people isn't necessary. 

You realize by saying this you are no longer a "cryptocurrency" and are now akin to Ripple which makes you trust that nodes (aka delegates) won't collude against you.

Incentives work strongly against any attacker.  They would have to spend months developing (via subcontracting or doing it themselves) a bunch of features for BitShares to win voter approval to take multiple positions or they would have to buy a massive amount of BTS to be able to vote themselves in, only to then attack themselves by attacking the network.  The cost of attack is already very high.

The cost of attacking Bitshares' is extremely low.  It has already been done once.  How much did it cost "sfinder" to attack?  What makes you think it won't happen again?  What makes you think others delegates aren't currently deceiving people?  How much does it cost to mislead people through deception?

There is nothing necessarily wrong with having a social construct be part of the mix.  Lets compare it to massive warehouses filled with asics run by a handful of mining pools.  Both methods are worthy experiments and no one knows what POW or DPOS will lead to in the future.

There is absolutely something wrong with introducing a social construct into chain security and then misleading people to think the system is "decentralized" and "Safer than a Swiss bank account."  Imo, PoW is evolving into a centralized system but it is still more decentralized than DPoS because it is mathematically provable through PoW that the chain is secured by a verifiable amount of hashpower.

If I want to attack Bitcoin's PoW algo, I have to acquire 51% of the hashpower.
If I want to attack NXT's PoS algo, I have to acquire 51% of the stake.
If I want to attack Bitshare's DPoS algo, ALL I have to do is LIE.

afaik sfinder didn't attack the network, he just ran several delegates while spreading bearish sentiment.  sfinder is a case of successful identification and removal out of malicious delegates.

You don't just have to lie, you have to convince stakeholders to vote for you enough times to win the majority of the delegate positions. The votes can be withdrawn and the delegates removed if an attack is made.  Any attack attempt may result in making BitShares immediately stronger as devs typically have to do some work in advance to get voted in.  They would have to do this 50+ times to have a chance at doing a double spend.  Basic block singing delegates are voted in more easily but they can still be kicked out and they will decrease in number as time moves forward.

Also there is an unique individual verification system being developed by http://followmyvote.com/ who are part of BitShares which could be used to ensure delegates are unique individuals and make it even stronger in the future.





128  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: January 01, 2015, 02:16:23 PM
Interview with Max Wright, author of BitShares 101:
http://bitcoinist.net/interview-max-wright-writer-bitshares-101/

This Little Known Crypto-asset Might Disrupt the Current Financial Order
http://bitcoinomics.net/this-crypto-asset-might-disrupt-the-current-financial-order-as-much-as-bitcoin/
129  Bitcoin / Bitcoin Discussion / Re: Proof of stake mining of bicoin on: January 01, 2015, 12:33:53 PM
Sfinder was found and voted out successfully. 

It is almost impossible for full pay delegates to be the same person.  Unless they are superhuman and able to complete multiple jobs at the same time.  You can view the work delegates are doing.  They have to be transparent and productive or they are voted out.  It's simply not possible to all be the same person because 1 person cannot do 101 jobs.  And there are huge incentives to not do this.

Delegates are one of the great features of BitShares.  It's creating a thriving community and a whole new type of decentralised organisation.  Not to mention the unique identity v
erifying features being developed.   DPOS is an amazing, fascinating and powerful invention which is going to re-structure society itself.  Constructive criticism is always welcomed, but please keep it real.

That's the most ridiculous thing to say in the internet age. Of course one person can do millions of procedural tasks at once. If you can't write software to do it you hire cheap tech support in Mexico or India and script them. Break them up into teams for each delegate pseudonym and offer compensation based on productivity.

Point taken there can be subcontracting. 

Mathematically proving delegates are different people isn't necessary.  Incentives work strongly against any attacker.  They would have to spend months developing (via subcontracting or doing it themselves) a bunch of features for BitShares to win voter approval to take multiple positions or they would have to buy a massive amount of BTS to be able to vote themselves in, only to then attack themselves by attacking the network.  The cost of attack is already very high.

There is nothing necessarily wrong with having a social construct be part of the mix.  Lets compare it to massive warehouses filled with asics run by a handful of mining pools.  Both methods are worthy experiments and no one knows what POW or DPOS will lead to in the future.
130  Bitcoin / Bitcoin Discussion / Re: Proof of stake mining of bicoin on: December 31, 2014, 08:00:44 PM

Bitshares has already had a Sybil attack occur earlier this year when it was uncovered that an individual named "sfinder" actually controlled the TOP 5 DELEGATES!


The truth of this matter is, that as everyone knows who was around in 2013, Bitshares was originally going to be PoW.  The Bitshares' devs only decided to switch to PoS after they saw the success of NXT.  In a flawed attempt to look original, they added "delegates" to PoS which effectively destroyed it by adding centralization and opening it up to the aforementioned Sybil attacks.

Sfinder was found and voted out successfully. 

It is almost impossible for full pay delegates to be the same person.  Unless they are superhuman and able to complete multiple jobs at the same time.  You can view the work delegates are doing.  They have to be transparent and productive or they are voted out.  It's simply not possible to all be the same person because 1 person cannot do 101 jobs.  And there are huge incentives to not do this.

Delegates are one of the great features of BitShares.  It's creating a thriving community and a whole new type of decentralised organisation.  Not to mention the unique identity verifying features being developed.   DPOS is an amazing, fascinating and powerful invention which is going to re-structure society itself.  Constructive criticism is always welcomed, but please keep it real.
131  Bitcoin / Bitcoin Discussion / Re: Help me find a way to contribute to the community on: December 31, 2014, 07:12:53 PM
You could get a paid position working for the BitShares blockchain - the blockchain is hiring and your skills are needed!

Relevant info:
http://www.reddit.com/r/CryptoCurrency/comments/2nouij/make_2500_a_month_being_one_of_the_first_persons/
https://www.youtube.com/watch?v=Yrif9uThwSY&feature=youtu.be&list=PLjgfpSQFJTLrdPBq7XCzA6XQHG2m9PTVX

General reading:
http://www.amazon.com/gp/product/B00QUIWHR0/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B00QUIWHR0&linkCode=as2&tag=succecounc-20&linkId=MIFK4YEQ5YUWI3Q3%22%3EBitShares

Examples of delegate proposals from developers:
https://bitsharestalk.org/index.php?topic=12494.0
https://bitsharestalk.org/index.php?topic=11272.0
https://bitsharestalk.org/index.php?topic=12027.0

Hope to see you there! Smiley
 
132  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: December 31, 2014, 05:57:38 PM
***** BitShares PLAY Crowdfunding Launch: 5th January*****

Bitshares PLAY's crowdfunding is set to start at 00:00 (UTC) 2015.01.05 till 00:00 (UTC) 2015.02.02 on DACX.com for a 28-day period. Investors can simply send Bitcoin to the specified address.

PLS(playshares) has a fixed amount of 2 billion, 20% (400 million) of which will be distributed for crowdfunding. For 1 btc, 100,000 PLS will be offered with a progressively decreasing bonus. For the first week, there will be a 30% of bonus;the second, 20%;the third, 10%;the fourth, none. The rest of the PLS that is not given out will be evenly distributed to investors of the previous four weeks (according to the proportion of the PLS they hold).
https://playtalk.org/index.php?topic=21.0

View the BitShares Play non-technical whitepaper:
https://bitsharestalk.org/index.php?topic=12327.0

Play will be doing some really fun stuff in the gaming industry!
133  Bitcoin / Bitcoin Discussion / Re: Proof of stake mining of bicoin on: December 30, 2014, 01:07:20 PM
Bitcoin is very hard to upgrade but you can hold bitcoin on a DPOS (delegated proof of stake) chain on BitShares as bitBTC and earn interest.  So individuals can choose to upgrade but the network itself can't.
134  Bitcoin / Bitcoin Discussion / Re: "Blockchain technology will pervade, but not bitcoin." on: December 30, 2014, 01:05:10 PM
This vid "Where can blockchain technology take us" provides an inspiring answer
https://www.youtube.com/watch?v=wczMKASQk6s&list=UUhtICzF0ZEhhgoMA8YWhULw

I suggest starting at 6mins in.

135  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: December 29, 2014, 04:55:29 PM
New BitShares.TV episode

This one is an inspiring interview with founder of BitShares Daniel Larimer about the philosophy behind BitShares
 
#4 Where can blockchain technology take us?
https://www.youtube.com/watch?v=wczMKASQk6s&list=UUhtICzF0ZEhhgoMA8YWhULw
136  Alternate cryptocurrencies / Altcoin Discussion / Re: Blockchain User Issued Assets Will Change Everything [Video] on: December 29, 2014, 12:00:15 PM
I thought people gave up on the Ripple idea? The Bitshare bullshit is taking a difficult to understand concept, for the general public, and turning it into an impossible to understand concept. Why won't developers and designers learn when it's time to stop and just promote. Let Bitcoin become fully entrenched before you mindfuck the public with yet another complicated system. So when I have tokens do I have coins and shares or do I need coins to get shares and tokens or shares of the tokens of coins? Oy vey!

You have to remember that people are doing it to make a quick buck. Marketing a new coin/network with new features blah blah blah is the same methodology as a used car salesman telling you everything you want to hear and sometimes making it so complicated you don't want to understand how it works.

It just simply "looks good".

Definitely, not that there's anything necessary wrong with making a quick buck.  Bitcoin is as much ideological as it is about making money, perhaps becoming more about making money and less ideological as it grows due to the user base changing.  BitShares with the UIAs + other features is still very much in the ideological mode, you can see the founders ideology here (starting at 6mins).  He's definitely not out to make a quick buck.
https://www.youtube.com/watch?v=wczMKASQk6s&list=UUhtICzF0ZEhhgoMA8YWhULw
137  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: December 28, 2014, 05:17:42 PM
BitShares Newsletter - NO.13 - December 2014

"There is lots of news this month.  Our biggest newsletter ever!  It’s also the first of a new kind – published by a decentralized community.  Invictus Innovations Inc. (I3) has successfully worked itself out of a job – as we have long planned.  I still hope to contribute monthly newsletter articles.  But if I didn’t, this newsletter would still come out on the same, ah, regular schedule.  It has over a dozen authors already.  You’ll hear from them shortly." - BitcoinBoost

Read the entire newsletter below.
http://us3.campaign-archive1.com/?u=ac6976e87d9e9f0eac4bbf19c&id=1f981f6040
138  Alternate cryptocurrencies / Altcoin Discussion / Re: Blockchain User Issued Assets Will Change Everything [Video] on: December 28, 2014, 05:15:18 PM
There are already people doing this right now. Check out Counterparty. It allows people to generate their own user-issued assets on top of the Bitcoin blockchain. There is also Colored Coins (which I haven't heard much from lately) as well as Mastercoin - both of which also use the same Bitcoin blockchain. Then there are also altcoins like NXT, BitShares, Qora, and Peershares (built on top of Peercoin) which also support the same idea but do so in their own unique blockchains.

Did you watch the video?  It's mainly about the BitShares UIAs (user issued assets) but UIAs are as you say available on many platforms now.  I wonder which platform will win the the UIA battle, or is there space for more than one?
139  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: December 27, 2014, 07:57:00 PM
4 new blog posts from Bytemaster aka Daniel Larimer founder of BitShares:

The Benefits of a Contract Free Society
http://bytemaster.bitshares.org/article/2014/12/27/The-Benefits-of-A-Contract-Free-Society/

Stop the Crowd Sales! Long live Crowd Funding!
http://bytemaster.bitshares.org/article/2014/12/26/Stop-the-Crowd-Sales-Long-Live-Crowd-Funding/

Introducing BitShares Object Graph
http://bytemaster.bitshares.org/article/2014/12/24/Introducing-BitShares-Object-Graph/

Delegates Should have a Business Plan
http://bytemaster.bitshares.org/article/2014/12/24/Delegates-Should-Have-a-Business-Plan/
140  Alternate cryptocurrencies / Altcoin Discussion / Re: BitShares News + dicussion [Short and sweet regular updates] on: December 26, 2014, 12:08:59 PM
New Video: Everyday Crypto #021 - Shorting bitAssets on Bitshares Walkthrough
https://www.youtube.com/watch?v=tNCKyfvT-mw

This is quite interesting.  Are there any wallets who compete on the amount of functionality that Bitshares has ?

Market pegged assets are unique to BitShares.  There's overlapping functionality with other features such as user issued assets, but unique features for those are coming soon to BitShares too.
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