BitShares Hangout #46 | 2017-11-11 | Sat @200PM UTC | OpenSource Agenda [Beyondbit Payouts Powered by SP!]

in #eos-project4 years ago (edited)

BitShares Hangouts Speakers and Worker Proposals Earn Beyondbits for Participating!

Use them to hire attendees and listeners for promotion of your work...or just pay yourself for documenting work done!

Notice: Beyondbit Payouts are BASED ON POST PAYOUTS and are sent After Final Payouts for this post are Received!

"Join weekly to speak with founding community members of the BitShares Enterprise Dex about history and current events in Cryptocurrency and earn some free BitShares Tokens!" ~officialfuzzy

Hangout Format:

This will go up at least 4 days before the BitShares Hangout. BitShares community members who post subjects to cover and bring topics of discussion are asked to do so in response to this post first. Worker Proposals are a Chief Focus in these hangouts, but other topics and projects are welcome to join. @officialfuzzy can finally pay people who have supported this powerful cryptocurrency for the past 4 years since its birth and evolution. So reply below with valuable topics, updates, info we should cover and earn upvotes from in this thread and earn a special bonus if yours are chosen!

How Much Time Per Topic?

Hangouts will be at least 45 minutes long, but depending on attendance and projects/topics to be covered may last up to 60 minutes. Given this, we will try to stay with 5-6 core topics and will fit in others where possible.

What do we Earn for Actively Participating?

Those who attend will each earn from a pool of bitshares that will be purchased with earnings from this post. They will then be given directly to you via our new guestbook that we are testing.
Fuzzy will be giving Beyondbits to community founders who attend this weekly hangout to give their own unique perspectives and expert commentary. He will also be giving them to people who give topics and information we choose to use in our hangout!
So make sure you get a BitShares Wallet!

And let's not get SP through upvoting quality information and content worth sharing with the top minds in crypto across the graphene ecosystem!

Is Any Topic Off Limits?

Yes. We reserve the right to learn from the newest trickster trolling steemit consistently searching for way to insert chaos into the equation and devise future strategies for negating these. Naturally if these efforts become ham-fisted attempts at shutting down free speech in honest conversations, the audience will hold us accountable.
But with that said....pretty much anything can be covered--even up to and including current events. However, I personally will only be voting up stories that touch the blockchain in some way shape or form and will be asking the community to downvote absolute Rubbish! ;)

Listen to Last Week's Lightly Edited Hangout

BeyondBits are powerful tokens worth upvotes on Steem, but you need to use BitShares Wallet and follow the instructions on WhaleShares.Net! So make sure you have a BitShares Wallet to receive and send them for upvotes on your steem posts!

Download BitShares Wallet

And of Course you can join Our EOStalk Discord

During the Week you can find us in Our 24/7 WhaleShares Server! (preferably the Adult Swim VOIP)

How to Join the Beyond Bitcoin Mumble where BitShares and Steem were born!

Or message officialfuzzy on WhaleShares Discord to ask about help creating a token.

How to Join Beyond Bitcoin Server

Step 1: Download Mumble Here
Step 2:

Step 3:
Enter the following information:

Label: BeyondBitcoin
Port: 64738
Username: Enter your username
Password: [email protected]!t3

Step 4: RSVP Below with the following details:

  1. Project/Topic Name/News Piece
  2. Relevant Steemit Tag?
  3. Appropriate links to share?
  4. Steemit and/or Mumble account name of Representative/Speaker
  5. How should we Introduce you/your project/your news coverage?
  6. What is your bitshares account name?

All BeyondBitcoin content is powered by so please join the new social media movement that enables Creative Commons content creators and Open Source developers to earn funding for participating in the community's growth and sustenance. Post to to earn and pay others with a simple upvote!


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 (,, 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:

  • 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!

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.

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.

Very good information. Thank you

many many thanks for informing us about this...

THanks FoR YouR GooD InFOrmatIon.

Why's this moved to 14:00 UTC

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...