A few submissions so far.. if you can do better, easy way to earn Bitshares-PTS ! |
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Man, marscoin is awesome. Someone contact Elon Musk  |
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Bitshares Meme Creation Competition!
Any kind of meme can win as the Bitshares community votes with the power of their   Post in this thread --> https://bitsharestalk.org/index.php?topic=4912.0The prizes are given in BitShares-PTS (formerly known as ProtoShares). 1st place 5 PTS ($20+)
2nd place 3 PTS
3rd place 2 PTSIn addition, the first 10 posts that get more than 30 points will be awarded 0.5 PTS each! (1/10 claimed) Points are calculated by the amount of each member posts in response to a given meme. Each member can give to each meme for 5 points, for 10 points and for 15 points. Now, lets have some fun!! You must post your submission in the following thread. To avoid spam only members with 10 or more reasonable posts can vote. Anyone can post. People can not vote for their own memes, and the meme must be original to this competition. The competition ends at midnight CET 30. June 2014.
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Loved the Sunny King interview and the NXT discussion about asset exchange, and of course Dan Larimer is always on point and interesting.
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Judging by all these PoS-revivals of old PoW coins, it seems PoS is catching on! Will be interesting to see dPOS in action.
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Spread a little bit to everywhere proportional to your feelings about it, so long as you can keep track of it all. Do not be emotional or lazy, just do what you think is best. Good advice is simple but harder than it sounds! |
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Update from https://bitsharestalk.org/index.php?topic=4480.msg58250#msg58250Follow essential updates here, https://bitsharestalk.org/index.php?topic=3812.15Plan to test it this weekend I have updated the testing instructions here: http://bitshares.org/documentation/group__dpos__manual__testing.htmlPrimary changes are in the API usage and wallet management. The primary goal is to get people away from sending to an 'address' and instead sending to an 'account' where the account is a hierarchal key. Every time you send to an account it will use a different public key (address) and eventually this will allow automation of privacy enhancing transactions. We have also extended the API / implemented more of it. See info here: blockchain_get_block <block_hash> Retrieves the block header for the given block hash
blockchain_get_block_by_number <block_number> Retrieves the block header for the given block number
blockchain_get_blockcount Returns the number of blocks in the longest block chain.
blockchain_get_blockhash <block_num> Returns hash of block in best-block-chain at index provided..
blockchain_get_delegates [first] [count] Returns the list of delegates sorted by vote
blockchain_get_name_record <name> Retrieves the name record
blockchain_get_names [first] [count] Returns the list of reserved names sorted alphabetically
blockchain_get_transaction <transaction_id> Get detailed information about an in-wallet transaction
get_info Provides common data, such as balance, block count, connections, and lock time
help [command] Lists commands or detailed help for specified command.
network_add_node <node> <command> Attempts add or remove <node> from the peer list or try a connection to <node> once
network_get_connection_count Returns the number of connections to other nodes.
network_get_peer_info Returns data about each connected node.
stop Stop BitShares server
validate_address <address> Return information about given BitShares address.
wallet_close Closes the curent wallet if one is open.
wallet_create <wallet_name> <password> Opens the wallet of the given name
wallet_create_receive_account <account_name> Add new account for receiving payments
wallet_create_sending_account <account_name> <account_key> Add new account for sending payments
wallet_get_account <account_name> Lists all foreign addresses and their labels associated with this wallet
wallet_get_balance [account_name] [minconf] [asset] Returns the wallet's current balance
wallet_get_name Returns the wallet name passed to wallet_open
wallet_get_transaction_history [count] Retrieves all transactions into or out of this wallet.
wallet_import_bitcoin <filename> <password> Import a BTC/PTS wallet
wallet_import_private_key <key> [account_name] [wallet_rescan_blockchain] Import a BTC/PTS private key in wallet import format (WIF)
wallet_list_receive_accounts [start] [count] Lists all foreign addresses and their labels associated with this wallet
wallet_list_reserved_names [account_name] Lists all reserved names controlled by this wallet, filtered by account.
wallet_list_sending_accounts [start] [count] Lists all foreign addresses and their labels associated with this wallet
wallet_lock Lock the private keys in wallet, disables spending commands until unlocked
wallet_open <wallet_name> <password> Opens the wallet of the given name
wallet_open_file <wallet_file> <password> Opens the wallet at the given path.
wallet_register_delegate <name> <data> Registeres a delegate to be voted upon by shareholders.
wallet_rename_account <current_account_name> <new_account_name> Lists all reserved names controlled by this wallet, filtered by account.
wallet_rescan_blockchain [starting_block] Rescan the block chain from the given block
wallet_rescan_blockchain_state Rescans the genesis block and state (not the transactions)
wallet_reserve_name <name> <data> Retrieves the name record
wallet_transfer <amount> <sending_account_name> [invoice_memo] [from_account] [asset_id] Sends given amount to the given address, assumes shares in DAC
wallet_unlock <spending_pass> <timeout> Unlock the private keys in the wallet to enable spending operations If you are curious about the new transaction structure you can view an example json dump here: {
"expiration": null,
"delegate_id": null,
"operations": [{
"type": "withdraw_op_type",
"data": {
"balance_id": "XTSKh6JP6QzMmeUmmK1T16gxgadrJ547ocGT",
"amount": 154321,
"claim_input_data": ""
}
},{
"type": "deposit_op_type",
"data": {
"amount": 54321,
"condition": {
"asset_id": 0,
"delegate_id": 8,
"condition": "withdraw_signature_type",
"data": {
"owner": "XTSAg5YxD9reTXr5iQWBZEJrLzzMxMxvnFhy"
}
}
}
}
],
"signatures": [
"2028da68efe2696ab7895e86c1b35affbb7cd1b71d8f33124fe81ad785ace3ed55226e0e622098b9c45f8660801b4b929556102c3da549d887c5da99262b5c6275"
]
}
As you can see this transaction is entirely human readable outside the context of the blockchain, it is transferring 154321 from XTSKh6JP6QzMmeUmmK1T16gxgadrJ547ocGT and sending 54321 to XTSAg5YxD9reTXr5iQWBZEJrLzzMxMxvnFhy while paying a fee of 100000. |
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Economy should be a science. If it attains truth, then perceived complexity is irrelevant. The important thing is that it becomes more like astronomy and chemistry than like astrology and alchemy. I for one used to hate economy, but after reading the work of Daniel Larimer and others in this space I have come to appreciate some of the truths that it embeds and the importance it holds for the successful future of mankind.
The ancients may have distrusted and regarded alchemy as black magic, a force for evils like the hubris of eternal life, the greed of infinite gold and the death of crafted poisons; mysterious forces where used in secret by the few to exploit the many. However, as the science of substance progressed to become more like chemistry the rumors of black magic gradually disappeared. The few no longer had any secret knowledge, and everyone recognized that the intent and beliefs of humans had no influence over the truths of chemistry.
Thus the truths of chemistry came to radiate with their own peculiar cold, white light. When will Economy do the same? I believe we are on the brink.
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Interesting! Hopefully the major developers in this space will be meeting up more often. |
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Daniel Larimer of Bitshares explains how cryptocurrencies can be viewed as shares in Distributed Autonomous Companies (DACs). https://www.youtube.com/watch?v=7mwmlJICyRABy this logic of viewing cryptocurrencies as shares in a company, Bitcoin (the company) spends hundreds of millions of dollars a year just to pay their employees (miners) for security, and gives no voting rights or dividends to normal shareholders (the holders and users of the bitcoin currency). |
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PTS sort of tracks expectations of how well the entire bitshares ecosystem is doing so I think it has more information about the altcoin market as a whole
This. |
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More talks than codes seems quite fishy to me. I'd rather to see more progress in the product side. They've got more than enough funds and attentions. Please concentrate on the developing now.
Based on their regular updates things are getting close. They have been active with conferences to help spread the word as you can see on their facebook page. https://www.facebook.com/officialbitshares will be liquid any day now. Video. DPOS white paper. March newsletter.  |
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When is the first purchase?
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What's up with this project? Is the site in active development still?
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Sounds great on paper - hoping to see it implemented somewhere soon!
Quick question: what prevents Ripple from utilizing DPOS to generate future unique node lists?
I quoted you on the bitsharestalk forum and Daniel "bytemaster" Larimer and delulo replied, Nothing prevents Ripple from doing this.. The difference is: It wouldn't make much of a difference towards the current state of ripple because they control more than 50% of the money supply anyway... The more distributed BTS are the more decentralized it is!! Inside Ripple the 90% are divided among many players..... so it may still be of some use to them... especially if they ever want to sell. Good point. But the potential for collusion is still higher than with BTS shareholders... Join the discussion here https://bitsharestalk.org/index.php?topic=4009.0 |
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Delegated Proof-of-Stake (DPOS)by Daniel Larimer April 3, 2014
Abstract
This paper introduces a new implementation of proof of stake that can validate transactions in seconds while providing greater security in a shorter period of time than all existing proof of stake systems. In the time it takes Bitcoin to produce a single block a DPOS system can have your transaction verified by 20% of the shareholders and by the time Bitcoin claims the transaction is almost irreversible (6 blocks, 1 hour) your transaction under DPOS has been verified by 100% of the shareholders through their representatives.
http://107.170.30.182/security/delegated-proof-of-stake.php Daniel "bytemaster" Larimer is answering technical questions in this thread. |
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Are bitshares on any exchanges yet? I have not noticed them listed on market cap sites yet...
"Initial testing shows that aside from some user interface and RPC updates BitShares XT is very close to being able to launch making the Feb 28th snapshot liquid." - Daniel Larimer, 28th March Bitshares XT is the official test chain for Bitshares X. Bitshares X is the first Bitshares product to be released. I believe product deployment will accelerate after this, as a lot of the work is currently going to parallel development. Especially: Dan worked on refactoring the BTS X code into a "shell DAC" which is easily extensible. While he did this I used this new shell to work on BTS DNS. The ease with which I was able to implement an MVP (well, not actually "viable" without tests/a client/CLI/RPC, but still) gives me great confidence that there will be a critical point after which we'll be seeing many new DACs in the same way we see tons of new BTC clones every month. Arlen will be working on the Lotto DAC while documenting the process to make it super easy for other developers to follow. Eric V and possibly another recruit both have networking experience and will be working on the hard parts (from my perspective) of the client which will be used by all DACs.
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