RE: NOTE: New information changes everything. Do not vote on the other post.Announcing the Steem-based IPO of Calibrae. UPDATE: see new post that uses vote counts
As at the non-updating state snapshotted last night, these SBD balances are backed by a balance of VESTS. These underlying VESTS will be counted and added to the VESTS behind the Steem, and become the new JUICE balance.
The Steem Power will also be counted as of their VESTS value, and converted to Stake, which has the same denomination as JUICE. It's a massive simplification of the Steem currency system, that I think should have been done a long time ago for Steem.
It is in some senses, like a premine, but I know that none of these people premined their stake in Steem, so it was earned, as far as is possible, honestly. They either bought in, or earned it, whether or not the rewards that contributed were assigned by premined votes, does not matter. You have to draw some line. The public offer is now on, and you need only signify your interest to buy in, based on your share already existing in your steem account, as at last night. There will be no ICO, this is going to be the IPO for Calibrae. It is open, in a limited sense, to Steem account holders, but the likely situation is that maybe 100-200 people will sign up, and they will have their VESTS converted to Juice and Stake. From there on, once it goes live, everyone will otherwise be on the same level.
That makes sense, @andybets is in. Are reputations to be preserved?
Good point. Yes, I will add that to the head post to make sure that it is clear.
Can you briefly explain what exactly the seed nodes do, and are they the same as p2p nodes?
I want to help bring these issues to light, but still need a few gaps filling before I feel I have sufficient knowledge.
Other than seeds, how far wrong is this picture?
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yeah, that's pretty much the structure, except I do intend to quickly move it towards where you cut out that steemit part between the clients and the rpc nodes - the RPC nodes will directly serve up the web application, as soon as I can make it that way.
There will then be many possible web access points, anyone can run, simply by hosting a simple, easy to install interface, and this interface will basically just keep a cache of all available RPC nodes, that are kept up to date, and randomly assign them (or maybe, better, chosen by the client side according to the RPC with the lowest ping).
There will never be a Calibrae corporation registration. RPC operators will, however, be free to run their own cluster systems, and register corporations, and get banking charters, if they can, so they can become direct fiat gateways.
Calibrae will remain fully decentralised, though as an organisation, centering around the database it lives on.
I approve, but still what are seed nodes? I don't understand their purpose, and can't locate the info!
Will you run condenser initially then, or never do so do you think? What about approaching the busy.org and chainbb devs, and just skipping condenser? No idea about allegiances. is the esteem creator (I forget who that is) a pre-miner who would be misaligned?
'seed node' is a node which is simply replicating the data as it comes in, and serving it back out on request to other nodes.
Yes, it will be running a fork of condenser, rebranded to the name Shimmer.
If good-karma wants in on the IPO he only has to make a note here. He is not a preminer, his account was created in July last year, well after the full public launch. He did a lot of genuine work though his beneficiary thing with the client was not very nicely done.
Thanks