A new version of the Bitshares reference wallet has been released this week (v2.0.171101). This newest release contains updates to the Voting UI which follows on from the stylish updates to the user dashboard from the last release.
Due to an unforeseen event, new code in the BitShares back-end, that was supposed to only active by end of November, caused a disagreement with block production nodes. Witness nodes rolled back to previous version of the core software for a speedy resolution to the issue.
Bitspark has announced that it has received funding from ‘RGAx’. The innovation accelerator of Reinsurance Group of America is one of the world's largest life reinsurance companies.
AEX Exchange has listed smartcoin markets suggesting these markets will be trading soon alongside BTC which is the only other base pair. The base pairs listed on AEX are BTC, BitUSD, BitJPY, BitKRW and BitCNY.
@Stan Larimer will be the guest speaker at a bitcoin meetup in Austin Texas next Monday.
Speaking from our headquarters on the crypto island, RuDEX team representatives are going to do some sort of an after SteemFest AAR (After Action Report), and talk more about the technical side of what we're doing. It is also part of our campaign to get our team Steem witness @blockchained into the top 30 or higher, so please come, listen and vote, because it would help expedite our development. :-)
Future Worker Proposals and Key Performance Indicators
Several members of the community have raised the concern that worker proposals (WPs) should clearly indicate:
(a) what are the key performance indicators (KPI),
(b) how they will be measured, and
(c) how and when they will be presented to the stakeholders.
These are essential features that stakeholders can use to evaluate any plan. For those WPs where KPIs are difficult to assess or present, this should also be clearly stated.
This week, a worker proposal (WP) aimed at partially funding a marketing campaign was offered to push for the acceptance of various tokens from BitShares onto various centralized exchanges (aex.com, text.xbrick.io, LBank.ino, and Binance). This WP is being lead by bitcrab (a BitShares committee member, and a leading proxy) and Zicen (a BitShares witness).
Amount: 1.8 million BTS Fund usage: Used for organizing large co-marketing activities with at least three mainstream exchanges
Fund are to be used only for "expenditure to exchange, operation fee, and promotion fee". Agreements have been reached to paunch numerous events with the of the main domestic exchanges.
1. All funds will not be used to other activities except for expenditure to exchange, operation fee and promotion fee. 2. We have already reached an agreement about launching numerous events with three main domestic exchanges but funds not fulfilment yet. For the sake of the result of event, all details of involved exchanges and events are need to be confidential. 3. Bitcrab and Zicen are directly responsible for negotiating with exchanges and online activities promotion. 4. Bitcrab and Zicen are in full charge of ensuring reasonable use of funds.
During the recent increase of worker proposals that have come under consideration, discussions have arisen about the perceived voting power of certain proxies. Some have even argued that proxies should have a maximum voting power.
I would like to briefly discuss the following points:
proxies are not necessarily whales; they usually have voting power delegated to them
anyone can vote directly, select or a proxy, or change a proxy at any time
BitShares voting is based on stake which can be acquired through exchange (so obviously voting concentration can happen; there should be no surprise here)
Only around 40% of all available stake is voting at all (the remainder either do not care; have been lost or forgotten; or are on "centralized exchanges" most of whom abstain from voting)
On top of this, this week just saw the approval for an effort to on-board more centralized exchanges which further has the likelihood of decreasing voting participation by shifting BitShares to more centralized exchanges that abstains from voting. While having more centralized exchanges using BitShares tokens does have benefits, it also has drawbacks.
Do people want greater "voter participation", or do they really just want voting to go their way?!?!
When dealing with banks and brokers, people always complain about being "nickeled and dimed" all over the place, something people generally hate and try to avoid at all cost.
We're always talking about ways to attract more people over to bitshares, yet I can say that originally one of the first things that turned me away was the long list of various "fees" charged by the bitshares DEX, some of which apply in ways many of us still don't even realize.
For example, do people realize if you go LTM (Life-Time Member), you even have an additional 24.3 BTS fee "Vesting balance withdraw" just to "claim" your "rewards"?! Granted, as a LTM, this is reduced to 4.9 BTS, but why are people being charged 24.3 BTS, 19.4 BTS of which will recursively reapply back to the same "Vesting balance withdraw" you're actually trying to "collect" from?
Furthermore, it would be interesting to see how many LTMs even collect enough in a year to make it worth clicking the "Vesting balance withdraw" button.
Or another example, why is there a "worker proposal" fee? Wouldn't that merely serve as a tax against the work that one is trying to reward?
Also, why the convoluted fees and process to acquire a "premium user name"? I mean, even for people who want to "buy" a premium name, it's a chore... Take the following BitSharesTalk Topic: "Catch 22: How do you create a premium name".
Some might argue fees are small, but they also fluctuate wildly esp. as bts prices increase, and there's a potentially long delay before fee adjustments (LTM was nearly US$500 at one point). But what's the "purpose" of some of these fees, except to "extract" more money from users. It's certainly not about "bandwidth" or anything, but I do believe it's another impediment to increased adoption.
If I wanted to get hit up by wacky round-about fees left right and center, I could always go hang out at the DMV or some other government office in the real world!
Congratulations ! You have produced 1 kWh of solar energy.
@solarcoach is using @chrisaiki and other Steemians SP to produce a renewable electricity.
All @solarcoach Steem and SBD will be used to invest in solar energy power plants.
You can produce even more solar energy by upvoting this reply ! More explanations...
Extract from this weeks Bitshares State of the Network Report
A new version of the Bitshares reference wallet has been released this week (v2.0.171101). This newest release contains updates to the Voting UI which follows on from the stylish updates to the user dashboard from the last release.
Due to an unforeseen event, new code in the BitShares back-end, that was supposed to only active by end of November, caused a disagreement with block production nodes. Witness nodes rolled back to previous version of the core software for a speedy resolution to the issue.
Bitspark has announced that it has received funding from ‘RGAx’. The innovation accelerator of Reinsurance Group of America is one of the world's largest life reinsurance companies.
AEX Exchange has listed smartcoin markets suggesting these markets will be trading soon alongside BTC which is the only other base pair. The base pairs listed on AEX are BTC, BitUSD, BitJPY, BitKRW and BitCNY.
@Stan Larimer will be the guest speaker at a bitcoin meetup in Austin Texas next Monday.
Speaking from our headquarters on the crypto island, RuDEX team representatives are going to do some sort of an after SteemFest AAR (After Action Report), and talk more about the technical side of what we're doing. It is also part of our campaign to get our team Steem witness @blockchained into the top 30 or higher, so please come, listen and vote, because it would help expedite our development. :-)
Future Worker Proposals and Key Performance Indicators
Several members of the community have raised the concern that worker proposals (WPs) should clearly indicate:
(a) what are the key performance indicators (KPI),
(b) how they will be measured, and
(c) how and when they will be presented to the stakeholders.
These are essential features that stakeholders can use to evaluate any plan. For those WPs where KPIs are difficult to assess or present, this should also be clearly stated.
BTS Marketing Campaign of Exchanges
This week, a worker proposal (WP) aimed at partially funding a marketing campaign was offered to push for the acceptance of various tokens from BitShares onto various centralized exchanges (aex.com, text.xbrick.io, LBank.ino, and Binance). This WP is being lead by bitcrab (a BitShares committee member, and a leading proxy) and Zicen (a BitShares witness).
Amount: 1.8 million BTS
Fund usage: Used for organizing large co-marketing activities with at least three mainstream exchanges
Fund are to be used only for "expenditure to exchange, operation fee, and promotion fee". Agreements have been reached to paunch numerous events with the of the main domestic exchanges.
1. All funds will not be used to other activities except for expenditure to exchange, operation fee and promotion fee.
2. We have already reached an agreement about launching numerous events with three main domestic exchanges but funds not fulfilment yet. For the sake of the result of event, all details of involved exchanges and events are need to be confidential.
3. Bitcrab and Zicen are directly responsible for negotiating with exchanges and online activities promotion.
4. Bitcrab and Zicen are in full charge of ensuring reasonable use of funds.
Voting and Proxying (Personal Rant)
During the recent increase of worker proposals that have come under consideration, discussions have arisen about the perceived voting power of certain proxies. Some have even argued that proxies should have a maximum voting power.
I would like to briefly discuss the following points:
On top of this, this week just saw the approval for an effort to on-board more centralized exchanges which further has the likelihood of decreasing voting participation by shifting BitShares to more centralized exchanges that abstains from voting. While having more centralized exchanges using BitShares tokens does have benefits, it also has drawbacks.
Do people want greater "voter participation", or do they really just want voting to go their way?!?!
When dealing with banks and brokers, people always complain about being "nickeled and dimed" all over the place, something people generally hate and try to avoid at all cost.
We're always talking about ways to attract more people over to bitshares, yet I can say that originally one of the first things that turned me away was the long list of various "fees" charged by the bitshares DEX, some of which apply in ways many of us still don't even realize.
For example, do people realize if you go LTM (Life-Time Member), you even have an additional 24.3 BTS fee "Vesting balance withdraw" just to "claim" your "rewards"?! Granted, as a LTM, this is reduced to 4.9 BTS, but why are people being charged 24.3 BTS, 19.4 BTS of which will recursively reapply back to the same "Vesting balance withdraw" you're actually trying to "collect" from?
Furthermore, it would be interesting to see how many LTMs even collect enough in a year to make it worth clicking the "Vesting balance withdraw" button.
Or another example, why is there a "worker proposal" fee? Wouldn't that merely serve as a tax against the work that one is trying to reward?
Also, why the convoluted fees and process to acquire a "premium user name"? I mean, even for people who want to "buy" a premium name, it's a chore... Take the following BitSharesTalk Topic: "Catch 22: How do you create a premium name".
Some might argue fees are small, but they also fluctuate wildly esp. as bts prices increase, and there's a potentially long delay before fee adjustments (LTM was nearly US$500 at one point). But what's the "purpose" of some of these fees, except to "extract" more money from users. It's certainly not about "bandwidth" or anything, but I do believe it's another impediment to increased adoption.
If I wanted to get hit up by wacky round-about fees left right and center, I could always go hang out at the DMV or some other government office in the real world!
Thanks again for a powerful sharing, we all would gain from listening and learning from... Namaste :)
This sounds amazing!!!! Just starting to get the divine guidance to come this way! Thanks again! :)
Good to know, Im definitely going to watch it.
THanks FoR YouR GooD InFOrmatIon.
many many thanks for informing us about this...
Very good information. Thank you
Is there any way i can recover my password from my BitShares wallet as i don't remember it and i have coins in it?
Thanks a lot!
That's one thing no one can help you with in Bitshares.
Why's this moved to 14:00 UTC
Timechange
Congratulations ! You have produced 1 kWh of solar energy.
@solarcoach is using @chrisaiki and other Steemians SP to produce a renewable electricity.
All @solarcoach Steem and SBD will be used to invest in solar energy power plants.
You can produce even more solar energy by upvoting this reply !
More explanations...