Quote from: hozer on April 16, 2016, 06:19:35 PM

Quote from: BCExchange on April 16, 2016, 05:14:31 AM

Several options are being proposed to speed up the upgrade of B&C Exchange. Architect Jordan Lee and others present their proposals here: https://discuss.nubits.com/t/proposal-to-speed-adoption-of-the-reputation-system/3785

We have many powerful options at our disposal and we are confident shareholders will select an option that allows the upgrade to proceed safely and efficiently.

To quote Jordan:

Quote

It has been 30 days since we released B&C Exchange 4.0, but only 47% of network minting power has upgraded. To effect the protocol change that will allow us to use the reputation system requires a 90% adoption rate. Given that the adoption rate is rising only very slowly, it is likely that it would take months to reach the switch threshold of 90%. It is important that we move forward with adoption of the reputation system more quickly so we can prepare for the full release of B&C Exchange.

To which I would respond with:

Slow the fuck down. No serious exchange unilaterally changes the whole system on 30 days notice. I'm not talking about bitcoin exchanges, which I don't (yet) consider completely serious. I'm talking about exchanges like chicago board of trade, the new york stock exchange, and the dalian exchange.

Okay, maybe the dalian exchange gets capital controls instituted on short notice, but then again I don't trade there.

These are your competitors. If it's been *60* days and still been no substantial growth in the protocol adoption, then maybe its time to consider some of these proposals. If it gets to *90* days then start talking about more drastic things like buying back all 'old' legacy shares and exchanging them for an entirely new blockchain that starts out at protocol version 5.

Relax a little. Contact all the original crowdsale buyers. If you can't contact them because all you have is an email and a bitcoin address, then maybe you might want to consider that running a business with shareholders without having multiple contact methods for your shareholders might be a bad idea.

I'd appreciate this if someone could repost this to the nubits.com form, or let me know if there's a reddit forum. While I do have a business critical need to be able to market commodities using distributed blockchain based exchanges, I don't have the time and the patience to track every single forum.

Or just estimate how much the price would have to go up to acquire enough shares to vote for the upgrade. It might be a good investment. But if you are going to throw out the contract you layed out for 90% consensus for upgrading, then slow down a little, and make sure you know what both the legal and ethical implications of such a change will be.

reposted