 Show Posts
|
|
Pages: [1] 2 3 »
|
The story circulating now is that Tether was used to artificially inflate BTC... The research explored the token flow of leading exchange, Bitfinex. It examined millions of transaction records on the blockchain, to identify several distinct patterns, suggesting that someone had worked to artificially raise prices when they dropped at other exchanges.
The study claims that Bitfinex’s secondary virtual currency, Tether, was used to buy other cryptocurrencies to achieve this. They suggest that half of the increase in Bitcoin’s price in 2017 is traceable to Tether being deposited in exchanges, prior to a spike.
http://www.the-blockchain.com/2018/06/13/fraud-experts-study-links-tether-to-crypto-price-manipulation/But isn’t it simply the case that when Tether holders see BTC price and volume rising on key exchanges, that they would obviously use their Tether to buy BTC on any other exchange where the price hasn’t reflected that move? Essentially just an arbitrage trade. & that Tether holders would obviously buy BTC as soon as there’s great BTC news, that’s why they’re in Tether not fiat so that they’re able to take advantage of clear BTC price moves quickly. So obviously there is a huge move from Tether first into BTC on major positive news or technical indicators, but they are not causing the spike, just doing so first because the money moving from fiat to BTC on good news/other takes longer to get into BTC. |
|
|
|
A recent study showed at least 30% of the population in South Korea own Bitcoin/Crypto vs. only a few % in the United States. according to recent polls, 30% of salaried workers in South Korea own cryptocurrencies, while Simon estimates that the real figure is closer to 50%.
https://www.cryptoambit.com/blog/2018/1/21/south-korea-and-the-crypto-crazeSouth Korea though is always very tech savvy and often the first to adopt new tech. In 2004/5 when social media was barely a blip in the west, CyWorld, a social networking site in South Korea was already used by 95% of people in their twenties and 25% of South Korea. Cyworld (Hangul: 싸이월드) is a South Korean social network service...With 2005 claims that practically every South Korean in their twenties[8] and 25 percent of the South Korean population[9] were users
https://en.m.wikipedia.org/wiki/CyworldAs most of us know by 2009 Social media jumped from a few % in the US to 85% of people in their twenties using it, predominantly Facebook. 2018 could be like social media in 2005 where South Korea is fully on board first & the rest of the world will reach those high levels of Bitcoin and crypto use over the next few years. |
|
|
|
|
As you will see from the LSK thread on this forum, the delegates elected by stakeholders to run LSK are predominantly those who give the majority of the LSK payment they receive back to the stakeholders who voted for them.
Attack:
With plausible reasoning, create multiple delegates who offer shareholders 120% of the amount they would receive if elected as DPOS delegates.
They should be quickly elected over delegates who offer </=100% & you will then have short term control over the network which would have been achieved with very, very little stake.
I like EOS in particular, but I have always felt DPOS was fairly weak due to stakeholder voting tendencies and this apparent attack vector.
|
|
|
|
|
Question 1: To your knowledge has a Bitcoin cloud mining contract (or service that switches between contracts) ever been more profitable than just buying Bitcoin over a 24 month time frame in the last 4 years?
Question 2: In your opinion what percentage of cloud mining contracts or service providers are scams/ponzi schemes?
Background: I would not cloud mine myself, but there are currently a few salesman going around to friends and family offering them virtually guaranteed 5-15% a month returns for cloud mining contracts starting from a few dollars. (I am also aware the salesman gets a circa 10% commission in the process.) I am pretty certain this would never be more profitable than just buying BTC but to people who are new to BTC and easily bamboozled by exciting numbers over a short period I thought the easiest way would be to show that there is no/low examples of a cloud mining service/contract offerer outperforming BTC over a long period.
Thanks in advance & for any other input you can give on the subject.
|
|
|
|
|
I came up with this when looking at RBX which is a dual blockchain token that has circa 20% of the supply to play with.
It got me thinking whether you could create a super-collaterlized token always worth $1 or slightly more as a by-product of staking. Thoughts?
The Real Dollar Token (RDT) backed by an average of 10x RBX collateral
RDT is always redeemable for exactly 1 USD and is transferrable between the Waves and Ethereum blockchain backed by RBX
The RBX Staking system. 200 million RBX (that would have been used for share-dropping) is put into contract address ‘EFG’ that pays people who deposit RBX into contract address ‘ABC’ say 24% per annum.
Example
Hypothetical exchange rate 1 RBX = $0.1
MR. A wants to stake his RBX so his XYZ address sends 10$ worth of RBX, (100 RBX) to contract address ABC
MR. A's XYZ address receives back 1 RDT for every 10 USD worth of RBX sent to ABC, so in this case 1 RDT and in addition he starts to receive 24% per annum paid monthly to his XYZ contract address. (so say 2RBX per month based on his 100 RBX deposit in the example)
Mr. A can now sell the RDT for 1 USD (or slightly more) in any currency to somebody, say Mr. B that wants a token that will hold the value of the USD. Even after moving/selling the RDT, Mr. A's contract address XYZ will continue receiving 2 RBX a month.
Mr. B has ETH but he wants to move into USD for a bit and he doesn't trust USDT or a centralised exchange especially after the recent shenanigans. So Mr. B buys the RDT token for $1 or slightly more on any exchange that offers RDT. At any time Mr. B can send his RDT to contract address ABC and he will receive in return $1 worth of RBX from the ABC contract address based on the current exchange rate. (The exchange rate can be sourced via 'Oraclize' perhaps?)
If Mr. A ever wants to get back his original 100 RBX he is staking, all he has to do is send back the same amount of RDT he initially received from the 'ABC' address. So in this case he would have to buy 1 RDT for circa 1 USD on the open market and then send it to ABC from his XYZ address. The ABC contract will recognise his XYZ address and send him back his original 100 RBX.
So what you have is a traditional staking system that has created a dual blockchain token always worth 1 USD as a by-product. Even with a 90% drop in the RBX value at which the average RDT was created (meaning probably a 95% fall in the RBX price) they will still be redeemable for $1 worth of RBX. Plus there will be the 200 Million RBX (less what has been paid out in staking) that can be used to redeem RDT if necessary too.
|
|
|
|
|
No-one seems to be getting BTC withdrawals out of Polo ATM. The transaction says complete and gives a TX ID but the TX ID is not recognised on blockchain.info even as 'unconfirmed' etc.
Other exchanges seem to be working fine.
Polo says BTC is just backed up at the moment but I haven't seen invalid BTC TX ID's being given before.
Is this a Polo issue or BTC busy issue, thanks.
|
|
|
|
http://nodecounter.com/#bitcoin_classic_blocks- On March 5th-8th the long consistent rise of BTC was halted possibly by the rapid amount of BU blocks being mined and the coming Segwit crossover. - Today the major exchanges announced a plan for supporting BU in a united manor but the BTC price is taking a hit. It seems the market is speaking clearly that it does not want BU but judging by the price action when Segwit was in the ascendency, Segwit is less of an issue for the market. I imagine the large miners will be aware of the impact of their actions and test this theory and will over a short period of time be able to discern that BU is a non option because of how badly it will hurt the BTC price.
|
|
|
|
|
If BitShares offered dice on a blockchain that was...
- Provably Fair
- All on the blockchain (No Counterparty risk)
- 0.5% Blockchain edge or less
- Bet in BitShares or BitAssets like USD, Gold, Silver etc.
- Results in 10 seconds
Would that be something you would consider playing? Other thoughts/input?
|
|
|
|
Didn't you think it was weird that Bitcoin was more well known than ever before last year, had more VC investment and is now accepted by tens of thousands of businesses yet the price inexplicably generally trended down the whole year? Why? I suggest the reason is volatility. The majority of businesses immediately sell their Bitcoin for fiat. "Mr. White says that Coinbase’s list of merchants is continuing to grow at a rate of 10% each month despite bitcoin’s recent price drop. The “vast majority” of them convert their bitcoin into dollars, he says." http://www.wsj.com/articles/even-bitcoins-fans-prefer-to-keep-cash-1419539916The problem for the price of Bitcoin is that a sale IN Bitcoin equals a sale OF Bitcoin. Imagine if every time you paid in dollars at a shop, the shop didn't keep the dollars and had to immediately sell the dollars for Euro. The Dollar would rapidly devalue. Unfortunately the more people shop with Bitcoin the more selling pressure there is. When few people accepted Bitcoin the price could rise, because we were all hoarding it. New demand had to chase newly mined coins. Now new demand has to soak up high inflation and all the Bitcoin we spend that businesses are selling for fiat as soon as they get it. A DAM was in place now the water can get out via businesses. If the businesses held some of the Bitcoin it would make a lake that got bigger and bigger whenever people replenished. But Bitcoin leaks out because businesses don't hold it. So all the replenishing is just refilling a leaking DAM, which wouldn't leak with a stable crypto-currency. The 2014 trend clearly shows that the Dam is leaking and is definitely not growing imo. I still hold a bit of Bitcoin because if the the financial system experienced problems like wide spread bail-ins there would be a big short term spike, but long term I'm fairly confident non stable crypto-currencies are non-viable on their own and will be replaced by stable crypto-currency options that have unstable crypto-currencies as the backing. Once those take off alt-coiners will be rich again as businesses can hold the stable option which will help plug the leaky bucket & increase the demand for the unstable one backing it There are already dollar stable options out there that I believe more businesses will be inclined to hold as they gain adoption. Dollar stable assets still offer them the advantages of decentralization - their dollar stable asset can't be confiscated, the alt-coin backing it can't be shut down. The collateral/system backing them is open source and auditable on the blockchain 24/7. I think using a volatile Bitcoin for business is what's causing a lot of the current downtrend & it is set to continue if this cycle of businesses selling BTC immediately for fiat continues as the replenishing will only be refilling a leaky bucket that is also leaking 10% inflation. The 2014 trend shows Bitcoin is losing a lot despite greater investment, development, exposure and utility. Disclosure: I own BitShares who offer BitUSD. NuBits also offer a dollar stable asset. There are also centralized players with dollar stable offerings CoinoUSD, BitReserve etc. Vitalik & Ethereum are also working on stable crypto-currency too, but that tracks true inflation I think. What are people's thoughts on the argument? |
|
|
|
http://m.youtube.com/watch?v=Yrif9uThwSY&feature=youtu.be&list=PLjgfpSQFJTLrdPBq7XCzA6XQHG2m9PTVXMore info: BitShares has 101 delegate positions, http://www.bitsharesblocks.com/delegates , as you can see from the link, most are just 3% payrate delegates that decentralise the network & sign blocks. However there are a few 100% payrate delegates, that currently earn $2-3000 per month. Nikolai or 'Toast' was the first and is also the most popular but anybody who can add value to BitShares can offer their service to the blockchain in exchange for a delegate position. Please visit the forum Bitsharestalk.org if you think you can add value as a delegate. The current total dilution rate is less than 1% a year and even if all 101 delegates were on a 100% it would still be less than Bitcoin. So instead of the new BitShares being given to whoever spends the most on ASIC miners they are given to whoever can add the most value to BitShares as decided by holders of BitShares.
|
|
|
|
- Bitcoin has >$1 million of selling pressure a day in new coins coming from miners. - Most Bitcoin merchants don't hold BTC due to volatility and their tight margins, so the more utility BTC gains and the more purchases are made the more selling pressure is created. So the higher in price and the more popular Bitcoin becomes the less it is able to sustain itself as selling pressure from the miners and retailers grows proportionally. So except during intermittent bouts of popularity the graph of BTC may well like LiteCoin and other POW generally trend south.. BitShares has BitAssets which hold the value of real world currencies and commodities. - BitUSD by BitShares has the stability & mirrors the value of real USD so merchants are inclined to hold it http://whatisbitusd.com/- To make BitUSD secure, 300% of BTS collateral is required to create it. The result is unlike Bitcoin as BitUSD (& other BitAssets) grows in utility, BTS demand will experience rapid growth.BitShares 1.0 is coming soon... |
|
|
|
https://bitsharestalk.org/index.php?topic=9450.0A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. I fully believe you and came to conclusion you did. I read the snack machine post after posting by earlier comment.
I can't find the thread at the moment, but this post was made by me YEARS ago and was just deleted on September 14th 2014. Deleted from this convo I think. https://bitcointalk.org/index.php?topic=532.0What gives? Why delete it now?
|
|
|
|
I'm not that technical. But I've seen this approach being discussed on the BitShares forum as perhaps a weakness of POW. Would this work, is this a threat at all? Step 1) Buy 3% of the hash power (secretly)
Step 2) Set up a mining pool that merge mines Namecoin (or other alts) and auto sells for BTC, thus charging a negative fee
Step 3) Once your pool has enough hash power (3-4%), point your secret hash power at top mining pool
Step 4) Don't submit winning hashes, reducing the REVENUE of competitors by 3%
Step 5) Continue to subsidize your pool with BTC earned from competitors pools
Result: Competitors pools become unprofitable and your pool is the only profitable option, your pool gets 51%
Step 6) Randomly Orphan blocks produced by other pools (cutting into their profits more, increasing your hash power further as people are forced to join your pool or eat losses on their hardware investment)
The cost of the attack is an order of magnitude cheaper than buying 51% hash power and assumes only that a large number of miners are in this to earn profits today and not to hold BTC. You appeal to their short-term greed, their thin margins, or their cash flow constraints to force them to join you to avoid losses.
The only way to combat this is to have 51% of the hash power in private pools.
|
|
|
|
Update 19/08: I've kept the title but since I read the initial forum post, it's clear that it is more the potential for informal collaboration. Saw this post was from Vitalik - So as an update on possible collaboration, I think we agreed that keeping things informal is the best way forward at this point. No official partnerships or mergers of any companies or any coins/projects, and it doesn't really make sense to copy-paste codebases in either direction either. But we are happy to participate in standardization efforts and collaborative discussions on technical issues as long as it's an open tent where any crypto-2.0 project can participate. I think there definitely are a few areas (eg. proof of stake algos, client standardization) where that would be quite beneficial.
Thank you for having us over, Bitshares team! Look forward to talking more online and offline in the future.
https://bitsharestalk.org/index.php?topic=6990.msg94298#msg94298------- Just read this on the BitShares forums from Bytemaster (Daniel Larimer), the founder & main developer of BitShares, it his just perspective & not be construed as being from Vitalik/Ethereum directly but... (As far as I'm concerned two heads are better than one and the two best heads in crypto are considering working together on areas of mutual benefit!) This week I am meeting with Vitalik to discuss a partnership between our two projects. We spent several hours last night and 5 hours to day talking about blockchain technology and challenges we both face. I am happy to report that we are finding some common ground and are planning more regular collaboration.
Some of the things we have discussed is:
Moving Ethereum to DPOS
Honoring AGS/PTS with some of the stake saved by not mining Ether.
Distributing the Mining Rewards via Delegates
Improving the performance of Ethereum
BitAssets, DNS, and other market algorithms.
Vitalik seems to be of the opinion that DPOS is the way to go and the best overall compromise. He appears to recognize proof of work as dead and I have shown him that the "nothing at stake" argument does not apply to DPOS. We will be working to improve upon DPOS.
With respect to Turing Completeness and claims that Ether can do everything and anything, we had a deep discussion regarding the lack of first class data structures (heaps & trees) in Ether and even had some discussion on alternative abstraction on their data store. DPOS could significantly enhance the types of contracts ethereum could run by greatly increasing speed and effectively eliminating the potential for chain reorganizations.
Effectively my goal is to make both projects better and to secure AGS/PTS holders a stake in Ether. Our two communities can then work together to fill the various niches in the DAC ecosystem as we both agree that in its current incarnation Ethereum is not well suited to implementing many of the algorithms we have proposed for BitShares DACs.
Other areas of potential collaboration is our wallet technology. Our architectures are very similar and there is potential we may be able to combine resources here.
Vatalik is a smart guy and the two of us working together really helps sharpen both of us.
Nothing final at this stage, but I am optimistic a lot of good will come out of this.
+5% +5% That sounds great! Thanks for letting us know!
I guess Vitalik must be happy for us to share that info? - That Vitalik/Ethereum is strongly considering DPOS?
Vitalik and I are not very "political" and mostly care about the best technology for the job. I am merely expressing my perspective on the conversation and will let him speak for himself.
|
|
|
|
BitShares DNS which is pretty awesome, is launching soon and like Namecoin sold the .bit they will be selling the .p2p. https://bitcointalk.org/index.php?topic=732434.0However it is possible that if there was the demand that they would consider changing the '.' to something like a '+' and then your web address could even be just 'name_' or 'name_com' as it wouldn't interfere with the existing centralised TLD system. So you could buy Apple_ or Wikipedia_org on BitShares DNS instead of a .p2p or another .something that's not currently used. Which one do you think is better? Any feedback would help! Thanks! |
|
|
|
This is essentially BitShares DNS https://bitcointalk.org/index.php?topic=519083.0 with a few key marketing changes. I think the BDNS DAC as is, is great and a definite buy - you can get your stake now by buying PTS https://bitcointalk.org/index.php?topic=732434.msg8286880#msg8286880But any feedback on these marketing changes for it would be appreciated though - 1. Would it be better to be able to buy & use, !' TLD's like Apple!com & Overstock!com, instead of Apple.p2p? 2. Would it be better to market it more as 'the decentralised Internet' to the general public instead of just BitShares DNS? 3. Would it be better to give the program you use to access it a friendly name like 'BitFrog' or 'BitToast' vs. BDNS for the general public? I've put all the changes I prefer into this pitch below. Any feedback welcome! --------------------------------------------------------- TDI: The Decentralised Internet DAC The Decentralised Internet, is an entirely new decentralised front end to the internet system that is based on a blockchain, much like Bitcoin. Where the traditional centralised internet uses .TLD's such as .com & .org , The Decentralised Internet, uses !TLD's such as !com and !p2p and you could even have just a '!', as in apple! or hotels! as your web address. Where the traditional centralised internet is accessed via programs like 'Google Chrome' and 'Internet Explorer', the decentralised internet is accessed via programs like 'BitFrog'. ('BitFrog' still gives you access to the centralised .TLD sites too, so the best of both worlds really.) Why use The Decentralised Internet? On the traditional centralised internet, because of the need to trust a central certificate authority, you can often be the victim of 'man in the middle' attacks and as whistleblowers like Edward Snowden have revealed, your internet actions are often spied on and recorded by 'Big Brother' and others against your will. However the decentralised internet is completely private and secure. On the traditional centralised internet, sites can also be seized and blocked. However on the decentralised internet, sites can't be blocked or seized. The Turkish government for example, recently blocked, 'Twitter.com', but there would have been nothing they could have done about 'Twitter!com'. How do I get a !com or a !org? They are sold via *incentivised auctions, which are started whenever somebody offers the minimum opening bid. (which decreases every month.) * The next bidder is required to bid at least 10% more than you, and if somebody does bid higher than you, you get half the difference between their bid and yours. Can anyone bid on and end up buying something like Nike! or Apple!com? Yes absolutely! And if you become the owner of apple!com, you can put whatever you like on the site & or sell it later. However only people who can also verify to the blockchain system that they are also the owner of the .com on the centralised internet by the same name will get a green tick next to their site. (To avoid copycatting) Could these be worth a lot more in the future? That's for you to decide, but quite frankly we believe the traditional centralised internet is obsolete. What kind of a company wants a site and an online brand that could be blocked or seized at any moment? Who wants their information spied on all the time? In fact a recent poll showed that over 70% of citizens in many countries felt the current level of spying was 'unacceptable'. http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/07/US%20spying.jpgBesides spying, there's also been significant increases in moves towards internet censorship in many countries all over the world. So it's quite possible that in the near future many people will have switched to using the decentralised internet and many famous businesses may wish to put their brands on it too. Youtube.com obviously wouldn't want to have to call themselves Youtub!com on the internet system of the future would they? So who knows how much a site like Youtube! or Youtube!com could be worth in a year or two... |
|
|
|
|
Are there any people that really know their stuff, have the respect of the alt-coin community, have a proven track record of marketing & communicating well? That make an effort to interact with the community & are passionate about this field?
I know Dogecoin has done some interesting promos and sponsorships for example. So I guess I'd rate whoever is the main marketing guy there pretty highly.
The reason I ask is I'm a big fan of BitShares but it's quite complicated at first glance and they don't do a great job of marketing outside their forums I feel. Their marketing director makes some good content but you see him on their let alone another forum once in a blue moon.
So I'm interested if anyone has any opinions on people who are great at communicating well & marketing to & for the alt-coin community?
|
|
|
|
To the moderator: Sorry, please move this to the altcoin announcement section if this is the wrong area. Just seen this announced on BitShares forums https://bitsharestalk.org/index.php?topic=6508The VOTE DAC (SNAPSHOT DATE: 8-21-14)(There is also another BitShare-PTS snapshot on the same date (Decentralised Namespace Service) https://bitcointalk.org/index.php?topic=721043.0) Announcing the VOTE DAC (SNAPSHOT DATE: 8-21-14) In democratic societies throughout the world, elections are plagued with accusations of illegitimacy stemming from all sorts of issues, such as flawed registration processes, inconsistent voter ID laws, cases of widespread voter fraud, non-sensible restrictions, vulnerable voting machine technology, and a general lack of transparency. We must acknowledge that the key issue that needs to be solved is the lack of transparency in government run elections, in the Unites States and across the globe. If we can properly address this singular issue, we’d essentially solve all the other problems that plague the industry and would have the opportunity to begin hosting accurate elections that result in an agreeable consensus. With the 2016 U.S. Presidential and Congressional Elections right around the corner, it seems that the time has finally come to leverage the latest technology to develop a voting system that permits the hosting of secure and transparent elections with agreeable outcomes that makes efficient use of taxpayer money. In today’s world, it is finally possible to host verified and transparent elections in an end-to-end voting system encoded within a Decentralized Autonomous Company (DAC). A voting DAC is the key to solving the transparency problem current electronic voting systems face today, as it provides a valuable service that allows people to vote in elections that are secure, transparent, and free from corruption. In the near future, Follow My Vote will releasing the first voting DAC in history using the BitShares Toolkit for building DACs, which will be called the VOTE DAC. Development will happen in stages, with the first stage being the development of a proto-DAC, as it will be released with limited features. We will refer to the partial ownership of the VOTE DAC as a VOTE or VOTES, similar to how one would refer to owning shares of a traditional company. Launching initially as a proto-DAC will allow for the trading of VOTES while the remaining features are under development. The VOTE allocation of Follow My Vote’s VOTE DAC will include 10 billion VOTES. Half (50%) of the VOTES (5 billion to be exact) will be allocated over time to delegates that will be responsible for maintaining the blockchain throughout the life of the company, starting with 50% allocated within the first year of operations and 50% of the remaining VOTES thereafter, year over year. The other 5 billion VOTES will be allocated up front to, among other things, cover the cost of the development of the DAC itself and marketing necessary to acquire its initial user base. The breakdown of the initial VOTE allocation will be as follows: 4.2.2) BitShares PTS: 1.5 billion VOTES BitShares PTS, is a simple minable crypto-currency (similar to Bitcoin) that was created to allow people to advertise their interest in receiving free token samples in future DACs. Per the BitShares social consensus, 30% of VOTES that are initially allocated will be distributed to those who have supported the BitShares industry by owning its BitShares PTS tokens. Anybody who owns BitShares PTS on that snapshot date is given a proportional stake in the new DAC. Thus, those interested in supporting Follow My Vote should invest in BitShares PTS prior to the VOTE DAC snapshot date. 4.2.3) BitShares AGS: 1.5 billion VOTES BitShares AGS is similar to BitShares PTS in that both were ways of volunteering to receive free promotional samples from the developers of new DACs. The difference is that BitShares AGS can no longer be bought or sold, as the owners are those whom contributed into an industry development fund while the industry was still in its infancy. Per the social consensus, 30% of VOTES that are initially allocated will be distributed to BitShares AGS owners in proportion to their ownership of AGS. 4.2.4) Follow My Vote: 1.5 billion VOTES Follow My Vote will be spending a considerable amount of resources to develop the VOTE DAC and acquire new account holders upon its release. Thus, 30% of VOTES that are initially allocated will be distributed to Follow My Vote to cover these costs. 4.2.5) NuSpark: 50 million VOTES NuSpark is a startup incubator in Blacksburg, VA, that has supported Follow My Vote in since their early stages of development by providing them with dedicated office space to conduct business operations. NuSpark will continue to support Follow My Vote by further educating the Blacksburg community and surrounding areas about cryptography and blockchain technology in an effort to encourage the use of the VOTE DAC. For their continued support, NuSpark will receive 1% of the initial allocation of VOTES. 4.2.6) Virginia Tech: 50 million VOTES Virginia Tech is also located in Blacksburg, VA. Similar to NuSpark, Virginia Tech will be supporting Follow My Vote by further educating the Blacksburg community and surrounding areas (in addition to the Virginia Tech faculty and student body) about cryptography and blockchain technology in an effort to encourage the use of the VOTE DAC. For their support, Virginia Tech will receive 1% of the initial allocation of VOTES. 4.2.7) New River Valley: 400 million VOTES Follow My Vote will be promoting the emergence of the cryptography and blockchain technology to the U.S. citizens living in New River Valley. Residents of Blacksburg, Christiansburg, and Roanoke, VA, will have an opportunity to claim VOTES during a series of promotions to encourage the use of the VOTE DAC. A total of 8% of VOTES that are initially allocated will be distributed in this way. The official snapshot date of the VOTE DAC is August 21, 2014. Therefore, by holding BitShares PTS on the VOTE DAC snapshot date, you have an opportunity to get in on the ground floor and own an initial stake in the VOTE DAC. The VOTE DAC is a game-changing technology that has the potential to become the voting platform of the future! Seize this moment. The time is now. Check Out Follow My Vote’s Whitepaper For More Info! |
|
|
|
It's a NameCoin Killer which is why you see Namecoin tanking imo http://m.youtube.com/watch?feature=youtu.be&v=qeweF05tT50The allocation is 20% AGS 20% to BitShares-PTS 10% Developers & the remaining 50% gets released over few years by the DAC according to shareholder votes. (So really PTS gets 40% of the initial equity which is pretty good) https://bitsharestalk.org/index.php?topic=6753.0;allAnnouncing the Decentralized Namespace Service - get your share by holding PTS before the end of August 21st
Featuring:
.p2p - .bit killer and DNS cash cow
KeyID - replacing usernames everywhere
Enabling services like
Browsing .p2p websites - no spying, no seizures!
"SignIn with KeyID" - think google/facebook signin only MORE SECURE. OUTRAGEOUSLY SECURE if the website is a .p2p site.
"KeyMail" - more on this later... will be a critical piece of infrastructure for BTS ecosystem as a whole
Features ready NOW (test net incoming):
* .p2p Punishing Throttled Auction (with hard-coded throttle) for initial distribution - more on this later
* .p2p Sell/Buy embedded market
* .p2p TITAN transfers
* KeyID "points" with upburn/downburn - how much money will people spend adjusting a meaningless number associated with their account? Probably a bunch!
* Everything in the toolkit except Markets - *maybe* we will add BitUSD far in the future
Features ready at launch at end of august (hopefully, it's just a goal):
* Punishing auction throttle size set by delegates, with fallback to fixed rate
* .p2p "offers" - put up bids before a domain is for sale or before it even exists. Not everyone wants to risk the Punishing Auction.
* SignIn with KeyID - we can already do this with ID-to-ID but we want to be able to do ID-to-.p2p because then you can check the site you are logging in to is who you think it is
Features ready after launch:
* DNS servers / browser plugins / "invisible" clients - seamless browsing experience
* DNS delegates that act as smart oracles for other decentralized application platforms - ethereum, ripple, etc... KeyID usernames *all over crypto land
Watch out for:
* PAID positions for content creation and development (web, core client, and DNS infrastructure)
* Instructions for migrating Keyhotee and BTSX names
|
|
|
|
|
