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With 11 days until the release of BTS 2.0 on the new self proclaimed ramped up and improved Graphene blockchain, Bitshares 2.0 has imploded on itself by way of a black swan event (the first ever reported event to happen on a blockchain).While it was just a testnet, 11 days until the release doesn't leave much time to fix and test the problem again in real time with clear confidence that said problem won't happen again.
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This is completely [Serious] not /s. Link: https://bitsharestalk.org/index.php/topic,17354.0.htmlBitshares has launched a new token they are handing out to anyone who kisses their ass. It has zero worth and they are basing it on the proverbial brown nose token. From the urban dictionary: Brownie Points are Points amassed through doing things you don't want to do with your wife/girlfriend that can be used to purchase anal sex. |
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The previous thread is self moderated. Speak freely here.
Bitshares used AGS donations and BTS dilution to create a for profit centralized company that will own all the rights to the Bitshares code. Be careful with these guys. They are creating a centralized power to control all elements of the blockchain. Kind of like Ripple.
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In the beginning they asked for money: "[Preorder] Keyhotee founder ID" https://bitcointalk.org/index.php?topic=322291.msg3451627#msg3451627and you bought it. Then they asked for more: "BitShares AGS and Bitshares X allocation" https://bitsharestalk.org/index.php?topic=1631.0/?r=payrolland you bought it. Then they asked for more BTS to cash out on and "live on", see #6: https://bitsharestalk.org/index.php/topic,10148.0.html/?r=payrolland you bought it in the form of "delegate pay' which dilutes current share holders. None of that was enough, now the are seeking to retain licensing for the BitShares Toolkit the Dev team has re-named Graphene. Graphene will be owned by the recently formed company, Cryptonomex. Cryptonomex's President is Stan Larimer (Bytemasters Dad) and was founded in secret by the Bitshares Dev team after they killed off Invictus Inovations Inc. over the past few months. "Cryptonomex, Inc retains all rights to the Graphene Toolkit and any derivatives thereof for any other use. The BitShares blockchain is defined as exactly one global ledger. There are many other possibilities for the new SmartChain technology, since this toolkit will be able to be licensed to any party willing to pay the fee to create a new business or app, and run their business to this new type of crypto-technology."-from their self made PR announcement on yahoo! https://bitsharestalk.org/index.php/topic,16953.0.html/?r=payrollBTS holders have been waiting for 11 months for a stable platform/ a 1.0 version of the client that is yet to come. Bytemaster claims no funds from Invictus were used to create the Graphene toolkit: BitShares 2.0, Graphene & Cryptonomex After much discussion with those in the BitShares community over the licensing terms of Graphene and BitShares 2.0, Cryptonomex has decided to take the following actions: - All code as of June 1, 2015 will be released under the CC0 1.0 Universal license (https://creativecommons.org/publicdomain/zero/1.0/legalcode)
- All future work performed by Cryptonomex will be a derivative owned by Cryptonomex, Inc and will be licensed for use with BitShares under the BSD 3 clause license (http://opensource.org/licenses/BSD-3-Clause) where BitShares shall refer to a single logical blockchain regardless of how many side-chains it may add in the future. Rights to use the work for any other blockchain are reserved to Cryptonomex, Inc.
- All future additions to BitShares will be licensed by their respective authors according to the terms laid out in their individual worker proposals.
Cryptonomex will continue to propose upgrades to BitShares to be funded with stakeholder approval. In all such proposals Cryptonomex will retain the copyright on the work and license it for use with the BitShares blockchain under the BSD license. All other uses for such future work will be reserved to Cryptonomex. Cryptonomex has not accepted any funding from the Angel Shares donations made to Invictus.Cryptonomex is committed to the long-term success of BitShares and will depend upon the BitShares community as much as the BitShares community depends upon us. So they did this for free, which they refuse to do anything for free for BitShares? Or did they re-name the BitShares Toolkit they abandoned in the "Merger" to Graphene and are now attempting to license it and sell competing blockchains to the highest bidder? More to come, I am sure. |
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BitShares volume is being calculated by adding all the Bitshares assets trading volume, like bitUSD, bitGold, bit silver, bitBTC and bitCNY. Just an observation. So today the BTC and fiat volume was $40K less than what coinmarketcap is broadcasting.
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The new Bitshares PR initiative/censorship of the Dev teams transparency and often candid posts is now in full effect. The initiative is at the order of a few "Chinese" stake holders that control large amounts of BTS. They have been angry at Bytemaster since the merger and are now threatening him with divesting and killing the BTS price if he doesn't hand over the reins to Bitshares. Since BItshares likes to call itself a company, this development is akin to a hostile corporate takeover, except that the raiding parties have the ability to kill the price in such an illiquid market. These hostiles are also contemplating a roll back or deletion of "unfairly" distributed shares, namely 30 million BTS that were given to 1 person for absolutely nothing. As I agree with the fact that the person deserves no shares that were given, this takeover and quasi black mail is a major red flag for something that is supposed to be decentralized/ distributed/democratic. This is not what a cryptocurrency is supposed to be.
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Can't really tell lately as the lead core developer has posted 34 long blog posts since Dec.15, 2014. There was supposed to be a BTS 1.0 launch at the end of November. Perhaps the blogging has interfered with the developing or did the developing interfere with the blogging? Either way, are these posts included as part of the output for taxing the blockchain? http://bytemaster.bitshares.org/all/ |
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As if the millions of dollars in "donations" and 100's of millions in BTS they own weren't enough, the BitShares Dev's are proposing a hard code in the client that will automatically vote/approve all the Devs for Delegate positions who receive 50 BTS per produced block 85 times a day.
It seems these guys are all about sucking money out of the system instead of trying to grow what they already have.
How many full time Devs does this thing need?
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BitShares is a delegated proof of stake. This means they have 101 delegates/block producers who are "elected" in by votes proportional to the stake of the voter.
Right now, near 2 billion BTS have been claimed from the genesis.
Only about 17% of the 2billion shares participate in voting. A majority of these votes are from I3 and the Dev team.
The least voted for delegate is currently voted in with 7% voting for that person to produce blocks.
I3, the development group collectively have ~70 million BTS.
The core Dev individually controls "probably" 100 million or near shares if not more.
The other Devs probably have 50 million BTS more.
The core Devs and some others (marketing groups) are diluting the shares by taxing the block chain as a delegate who takes 50 BTS per block produced. This means the Dev's AKA, the largest share holders are getting more shares to the tune of 100,000 plus per month.
Even if shares were more evenly distributed, voter/share participation would drop to minuscule levels where one big whale could come in and take control of the network at these price levels.
This just seems way too centralized. I love the BitShares idea of the exchange and collateralized assets, but this scares me as an investor. Greed has become an open requirement in order for some of the Dev's to maintain the network and stay on board which caused dilution and this new blockchain tax that they call "blockchain for hire" even though they collected millions of dollars in crowd funding a year ago.
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In the U.S. we have had major power outages that last several days, see the NorthEast Blackout of 2003. http://en.wikipedia.org/wiki/Northeast_blackout_of_2003 While this doesn't happen frequently, it still seems to be a problem for something that most people want to replace fiat. How does bitcoin today benefit anyone if that happens? Paper coins that can be printed by anyone still rely on confirmation. Otherwise rampant counterfeiting would take place and the coin would fail. Anyone else see this as a problem? The network is completely reliant on the power being on at all times for any transaction to be confirmed. Not only power, but it must also have an internet connection. Would you say bitcoin is centralized around these two factors? |
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Freetrade was finally voted out and is abandoning the coin just like he did with Memorycoin 1. Stay away from this developer. This was predicted in this thread. He will most likely attempt to have the coin removed from exchanges as he did with his previous coin. He succeeded in having the coin removed from bter previously with MEC (memorycoin 1).Proceed with caution.Developer FreeTrade has granted himself large amounts of MMC through a pre-mine. These awards, upwards of 205,000 coins as he later disclosed after much pressure. These coins were disguised as a pre-mine that was given to protoshare holders and memorycoin 1 contributors. Plus he has been raking in ~48 coin per every 20 blocks for holding the CEO position. Aaaaaaannnnnnd ~15,000 coin from holding the CTO position for awhile in the beginning. If one person controls that many coin from day 1, the voting aspect of the coin is compromised and this voting aspect is the one thing that was to distinguish this coin from other alts. Especially since the coin failed to remain GPU resistant. Good luck all. I advise you to be careful here. See this thread and these other threads for more info: https://bitcointalk.org/index.php?topic=389386.msg4476668#msg4476668 (his faux interview disclosing his stake after much pressure) https://bitsharestalk.org/index.php?topic=2124.msg24636#msg24636https://bitsharestalk.org/index.php?topic=2047.0https://bitcointalk.org/index.php?topic=267522.msg3143884#msg3143884https://bitsharestalk.org/index.php?topic=2125.0https://bitsharestalk.org/index.php?topic=2817.msg35078#msg35078. New Read for yourself, especially FreeTrades responses. Do you due diligence! Last update regarding this for now. I will check back in a few months. See how the coin is doing. Good luck, although you might have better luck with Coinye, COYE! 
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So I'm trying to run vanitygen but to no avail.
I have windows 7 64. Downloaded vanitygen. If I double click the exe the window just opens and closes. If I go to the cmd and start from the correct dir nothing happens. When I am on the correct dir and run the command, oclvanitygen -o grantawardkey.txt -k -X 50 MVTEceo MVTEcto MVTEcno MVTEcmo MVTEcso, it just opens the file location of vanitygens exe files and nothing happens.
Can anyone give a quick explanation of what I am doing wrong or a quick how to? On the web I can't find any step by step explanation for vanitygen.
Thanks in advance, sorry if this is a noob question but is really am new to all this.
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