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Author Topic: **MANDATORY UPGRADE REQUIRED** [ANN] B&C Exchange - All users must upgrade  (Read 168908 times)
Sentinelrv
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March 26, 2016, 08:22:59 PM
 #741

All I hear is BS... I have no longer interest in this project. You won't get half a dime from me

You sound like the kind of person that came in here with your mind already made up. I think MasterOfDisaster made many great points in his post. If all you're going to do is talk over these arguments and ignore them by calling them BS, then it's not worth it trying to convince you. Your emotional and negative attitude doesn't help matters either. If you want to discuss things logically, then I believe shareholders here are open to doing that with you, but they're not going to waste their time when you clearly don't seem to care about the arguments being made.
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masterOfDisaster
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March 26, 2016, 10:17:15 PM
 #742

All I hear is BS... I have no longer interest in this project. You won't get half a dime from me

You don't come across as having had genuine interest. You asked questions and got answers.
They might not be after your fancy, but calling eveything you hear BS is less helpful than arguing and explaining why you see it differently.

Maybe helping wasn't your intention.
That is interesting, because you wanted to accuse BKS holders of being selfish. Not so different after all...

Anyway - have fun... btw. dimes aren't supported by B&C ;-)
sabreiib
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March 27, 2016, 12:21:38 AM
 #743

There is a s h i t in real world called communism/socialism.


I am a F. A. Hayek fan.
JordanLee
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March 28, 2016, 09:18:14 PM
 #744

What makes B&C better than OpenLedger?

B&C Exchange exclusively uses native blockchain assets, whereas OpenLedger uses proxy assets that bring with them high counterparty risk. When Bitcoin is traded on B&C Exchange, it is real blockchain BTC that never leaves the Bitcoin blockchain. When "Bitcoin" is traded on OpenLedger, it is actually a user issued asset on the Bitshares blockchain. It has nothing in common with Bitcoin except that it is supposed to maintain the value of Bitcoin, which it may in fact not maintain due to counterparty risk from the asset issuer.

What are the differences between BKS shareholders and signers in terms of voting power?

Signers don't have any voting power at all, while shareholders collectively hold all the voting power.


How are you planning to take into consideration and defend the B&C user interests Vs BKS shareholders & signers?

Just like any business that has shareholders, B&C Exchange shareholders will lose money if they don't please users. The question has the same answer as the question "How do Delta Airlines shareholders defend the interests of Delta Airline passengers?". 


I see your voting system a bit too static and away from what decentralization means...You are giving zero power to your users which are the most important part of your project. You might have achieved a decentralized platform but its governance model defeats the whole idea that your are trying to sell. Why don't you make it a decentralized autonomous exchange (DAE) far from human conflict of interest. The running costs including developers would come out of the fees and donations and if there was a surplus the whole community could vote what to do with it via a smart voting system that takes into account the users voice, the developers voice and the infrastructure people voice.

I don't believe users want power. With power comes responsibility, and that can be an unwanted hassle. Users want to trade one asset for another quickly, easily and at a good price without the counterparty risk present at most cryptoasset exchanges. If there are individual users who do want power, they should become shareholders. If I wanted to become a passenger on Delta Airlines, I wouldn't want any power within Delta Airlines. I would only want an inexpensive and hassle free trip to my destination.

Our governance model is absolutely superb. The governance model of Peershares (B&C Exchange is a Peershare) is better than all other blockchain governance models. All shareholders are true peers and there is no authority in our system other than the collective will of shareholders. Shareholders can choose to compensate developers or any one else with grants of BlockShares or BlockCredits in any amount. Shareholders can pass motions that set various rules of operation. For example, a completely decentralised vote to halt BlockShare sales was passed by shareholders some time ago. B&C Exchange's governance is decentralised, flexible and powerful.

Peershares such as NuBits and B&C Exchange are the most advanced form of decentralised blockchain governance to date. The work I have already done establishes me as the leading innovator in decentralised blockchain governance.

Bitmessage: BM-2cXS5ezep1jUqeu8CwC6M4aTmMSxcFEHNN
Financisto
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March 29, 2016, 02:24:32 AM
 #745

*1 It's sad to see a great and innovative idea being destroyed by the classical and primitive capitalist shareholders model which has shown that is not sustainable in the long term
Edit: *1

What is "long term" in your opinion?

In America and Europe - (Asia too) - we got thousands 'secular corporations' (Coca-Cola comes to my mind right now), mostly still 'alive' today thanks to that "shareholders model" widely adopted since Dutch East India Company (VOC) in the 17th century.

Hint: if you seek some kind of "Virtual neo-USSR" in cryptocurrency community, you're in the wrong place pal!

All I hear is BS... I have no longer interest in this project. You won't get half a dime from me

Maybe that guy wanted to say "All I hear is B(lock)S(hares)"... LOL

There is a s h i t in real world called communism/socialism.

Agreed. Don't forget there's a (less known) crap called Syndicalism.

Thanks MoD and JL, your info gives us a good general POV of B&C.

edit:

@JordanLee

You really do like Delta Airlines, don't ya? Smiley

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jrpatking
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March 29, 2016, 01:36:51 PM
 #746

When are you going live? Are you still seeking funds from funders? How to fund?

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cryptog1
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March 30, 2016, 03:59:03 AM
 #747

Peershares such as NuBits and B&C Exchange are the most advanced form of decentralised blockchain governance to date. The work I have already done establishes me as the leading innovator in decentralised blockchain governance.

I must say agree.
masterOfDisaster
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March 30, 2016, 09:05:05 PM
 #748

When are you going live?
It depends what you consider "live". The blockchain is live from the beginning and allowed trading BKS ever since.
Asset voting (to determine which tokens can be traded on the B&C Exchange) has just begun.
Trading the assets is still not possible, but that might change rapidly, now that Eleven has been hired as (additionaö) full time developer to increase the development speed.
Look at the progress here: https://bitbucket.org/JordanLeePeershares/bcexchange/commits/

Are you still seeking funds from funders?
Funding is complete for now. If additional funding is required to develop e.g. a website to access the B&C Exchange blockchain, additional BKS might be created by the current BKS holders and sold/auctioned. This is not on the agenda I'm aware of.

How to fund?
Not possible at the moment. If you want to purchase BKS, you need to buy them on the open market, e.g. here: https://www.ccedk.com/bks-us-nbt or via escrow. I can point you to someone if you are interested in the latter one (useful for bigger amounts than offered at CCEDK).
zaph3t
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March 30, 2016, 10:56:08 PM
 #749

Good luck with your Project Im watching this and hope our project will be added to the list of currencies.

CryptoDatabase
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March 31, 2016, 08:31:13 AM
 #750

Your coin's information has been added to Crypto Database, if it is missing information or some information is incorrect please let me know.

Your coin could be listed on the index page of Crypto Database. Vote for it here, http://cryptodatabase.net/coins.php?cat=B





























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Sentinelrv
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March 31, 2016, 10:42:40 PM
 #751

For those who are not aware, Jordan posted this on the NuBits forum. All BlockShareholders need to upgrade to B&C v4.0.1. I bolded the important parts.

Quote from: JordanLee
A defect in B&C Exchange version 4.0.0 has been discovered that will require B&C minters to upgrade to 4.0.1 before the protocol switch date, which will be two weeks after 90% of blocks are minted with 4.0.0 or 4.0.1. Currently, only 21.9% of blocks have a vote for protocol 4.

Version 4.0.1 also has a new RPC called getprotocolvotes that produces the following output:

{
"2.0" : {
"blocks" : 1562,
"block_percentage" : 78.1,
"switch_to_date_time" : ""
},
"4.0" : {
"blocks" : 438,
"block_percentage" : 21.9,
"switch_to_date_time" : ""
}
}

This RPC will tell us exactly when the switch time will be after protocol 4 votes exceed 90%. It was developed solely by Eleven, who just joined us as a developer. Congratulations to @Eleven for getting your first code to the production environment! That was quick!

Download B&C Exchange 4.0.1 for Windows

Download B&C Exchange 4.0.1 for Linux

An OS X build will be published soon.

Finally, it is important everyone make the effort to upgrade. A delay in achieving a 90% vote for the new protocol will produce the same delay in the network's ability to use the reputation system to vote for and reward reputed signers. Let's move quickly.
BCExchange
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March 31, 2016, 11:30:36 PM
 #752

Thank you @Sentinelrv.

All BlockShareholders must upgrade their B&C Exchange client to version 4.0.1 immediately, to ensure we continue to build momentum towards a functional exchange. This is a mandatory upgrade for all users.

Visit bcexchange.org to download 4.0.1 for Windows and Linux or use the links below. Mac OSX builds will arrive in the near future.

Windows: https://bitbucket.org/JordanLeePeershares/bcexchange/downloads/bcexchange-4.0.1-win-gitian.zip

Linux: https://bitbucket.org/JordanLeePeershares/bcexchange/downloads/bcexchange-4.0.1-linux-gitian.zip
masterOfDisaster
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April 01, 2016, 05:57:14 PM
 #753

All BlockShareholders must upgrade their B&C Exchange client to version 4.0.1 immediately, to ensure we continue to build momentum towards a functional exchange. This is a mandatory upgrade for all users.

A call to all BKS holders:
from release 4.0.0 on asset voting is possible.
Upgrade to 4.0.1 if you are still on 3.x to make the protocol switch possible!
This protocol switch is required to start asset voting and other stuff.

At the NuBits forum (https://discuss.nubits.com/t/configure-your-votes-when-minting/3729/) has a discussion started regarding asset voting.
You might already be aware of that, but if not, start getting familiar with it:
you need to configure votes when minting with BKS.

As a responsible shareholder you need to decide the fate of the coporation of which you own shares!
Not minting (and trying to evade that problem this way) is not yet an option: the higher the participation of shares in the minting process, the higher the security of the network.
Keep your property safe and vote wisely!
I wrote "note yet", because there will be data feed providers, from whom you can register feeds that configure votes. Once you've found a data feed provider, that decides after your fancy, you can register that feed and mint with settings continuously updated by the data feed provider.
Alas, there are no data feed providers yet.
So: configure your votes! Wink

If you don't configure votes and mint, you essentially vote against everything, ultimately stalling the decision process of the coorporation, harming your property!
You don't want that, do you?
BCExchange
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April 02, 2016, 04:33:31 PM
 #754

We have reached 34.35% of protocol votes for version 4.0. All minters must upgrade as soon as possible so that shareholders can begin using the reputation system to vote for and reward reputed signers.
MadCow
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April 03, 2016, 05:11:11 AM
 #755

All BlockShareholders must upgrade their B&C Exchange client to version 4.0.1 immediately, to ensure we continue to build momentum towards a functional exchange. This is a mandatory upgrade for all users.

A call to all BKS holders:
from release 4.0.0 on asset voting is possible.
Upgrade to 4.0.1 if you are still on 3.x to make the protocol switch possible!
This protocol switch is required to start asset voting and other stuff.

At the NuBits forum (https://discuss.nubits.com/t/configure-your-votes-when-minting/3729/) has a discussion started regarding asset voting.
You might already be aware of that, but if not, start getting familiar with it:
you need to configure votes when minting with BKS.

As a responsible shareholder you need to decide the fate of the coporation of which you own shares!
Not minting (and trying to evade that problem this way) is not yet an option: the higher the participation of shares in the minting process, the higher the security of the network.
Keep your property safe and vote wisely!
I wrote "note yet", because there will be data feed providers, from whom you can register feeds that configure votes. Once you've found a data feed provider, that decides after your fancy, you can register that feed and mint with settings continuously updated by the data feed provider.
Alas, there are no data feed providers yet.
So: configure your votes! Wink

If you don't configure votes and mint, you essentially vote against everything, ultimately stalling the decision process of the coorporation, harming your property!
You don't want that, do you?


Ouch, I didn't realise the consequences here, sorry ... updating asap!


     
     

     
     
MadCow
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April 03, 2016, 05:20:28 AM
 #756

Alas, there are no data feed providers yet.
So: configure your votes! Wink

If you don't configure votes and mint, you essentially vote against everything, ultimately stalling the decision process of the coorporation, harming your property!
You don't want that, do you?


any tips on pain-free vote configuration?


     
     

     
     
masterOfDisaster
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April 03, 2016, 08:38:04 AM
 #757

Ouch, I didn't realise the consequences here, sorry ... updating asap!

any tips on pain-free vote configuration?

Nice to see that my alarming post delivered the message Wink
The good news is that there are currently no motions, etc. going on.
And for asset voting the protocol switch needs to happen and a lot more minters need to upgrade to version 4.
So there's still some time to get familiar with it.

There's no pain-free vote configuration Wink
You can do it manually and need to follow the development closely - which continually takes time.
Or you can register a data feed, but must do some assessment to find out which data feed provider votes after your fancy - which takes time for an initial assessment and some checks from time to time.

I think the most easy solution is to get votes configured is by registering a data feed.
I'm only aware of one data feed, provided by Cybnate, a very reputed member of the Nu community who hosts a Nu Network data feed as well.
The B&C Exchange data fee is here: https://github.com/Cybnate/BKS-datafeed
...and you'll find it empty, because there's nothing to vote for at the moment.

If you want to know how it works, have a look here (this is for the Nu Network, but it works the same): https://discuss.nubits.com/t/cybnates-datafeed-beta/1310
More information about (Nu Network) data feeds: https://docs.nubits.com/using-a-data-feed/

Before you delegate your voting behaviour to somebody, you should make sure that person has a mindset that is compatible with yours!

For B&C Exchange there was only one motion so far: https://discuss.nubits.com/t/bks-passed-motion-to-stop-sale-of-bks/2485/
Cybnate supported that in her data feed: https://github.com/Cybnate/BKS-datafeed/commit/1791d4125820d47720ad745d716d37d423a45584#diff-83fc3e19234622842fbf4ce8d074644b

If you want to know more about Cybnate, you should visit the Nu Network forum and look for her posts, work, reasoning, and votes she configures for the Nu Network.

I'm aware that this sounds like a lot of work and in fact it is.
BKS are not just tokens of a "cryptocurrency".
They are shares of a corporation (B&C Exchange).
With owning shares comes power.
And with power comes responsibility!

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April 03, 2016, 07:33:01 PM
 #758

We have reached 39.80% of protocol votes for version 4.0. If you own BlockShares, please upgrade to version 4.0 immediately. The protocol switch date will be two weeks after 90% of blocks are minted with 4.0.0 or 4.0.1.

Visit bcexchange.org to download 4.0.1 for Windows and Linux or use the links below. Mac OSX builds will arrive in the near future.

Windows: https://bitbucket.org/JordanLeePeershares/bcexchange/downloads/bcexchange-4.0.1-win-gitian.zip

Linux: https://bitbucket.org/JordanLeePeershares/bcexchange/downloads/bcexchange-4.0.1-linux-gitian.zip
MadCow
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April 04, 2016, 09:30:15 AM
 #759


I'm aware that this sounds like a lot of work and in fact it is.
BKS are not just a tokes of a "cryptocurrency".
They are shares of a corporation (B&C Exchange).
With owning shares comes power.
And with power comes responsibility!



Thanks for that reply! I'm just a small holder (125 shares) so I will probably use a data feed eventually, but I will follow more closely now. I do like the idea of being a shareholder in a new venture.


     
     

     
     
masterOfDisaster
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April 04, 2016, 06:29:11 PM
 #760

And I've just been reminded that there's another data feed for BKS voting:
https://discuss.nubits.com/t/cryptogs-bcexchange-data-feeds-beta/2503
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