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Board Service Announcements (Altcoins)
Re: Steemit.com: Blogging is the new Mining
by
Bubba-Gump
on 09/10/2016, 18:20:53 UTC
Well Issue is most people joined steemit because they thought money could come from it but then get 30 cents a post when they could go write for a news site for a guaranteed 50-500 an article.

where do you earn 500 per article?

I'm talking about more well known freelance writers for known news sites.


Well known freelance writers for news sites are most people?
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Re: Steemit.com: Blogging is the new Mining
by
Bubba-Gump
on 14/09/2016, 08:17:02 UTC
STEEM losing steam Cheesy  Nice Ponzi scheme, devs! Next stop 5k and no new buyers in sight.


You are right!!!

Please read the following:



I would like to buy vested accounts. 1M+ Vests per account, minimum. I will buy much larger accounts too.

Escrow with SebastianJu or Kushed.


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Re: Steemit.com: Blogging is the new Mining
by
Bubba-Gump
on 13/09/2016, 05:00:01 UTC

I would like to buy vested accounts. 1M+ Vests per account, minimum. I will buy much larger accounts.

Escrow with SebastianJu or Kushed.


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Board Service Announcements (Altcoins)
Re: Steemit.com: Blogging is the new Mining
by
Bubba-Gump
on 06/09/2016, 06:45:48 UTC
There is a bad news about steemit' website was be hacked, i think it will make adverse impact for steemit's blogger. You can check about this problem at here https://bitcointalk.org/index.php?topic=1551278.0


That's old news. July 15. The hack was contained and any affected party was compensated by the steemit company. There is plenty to fud here but you chose just about the lamest topic.
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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Bubba-Gump
on 05/09/2016, 21:57:48 UTC
Distro is interesting, but exchanges are going to get all the coins.
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Board Service Announcements (Altcoins)
Re: Steemit.com: Blogging is the new Mining
by
Bubba-Gump
on 03/09/2016, 07:39:40 UTC
I want to buy vested accounts. 1M+ Vests per account, minimum.
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Topic
Board Service Announcements (Altcoins)
Re: Steemit.com: Blogging is the new Mining
by
Bubba-Gump
on 14/08/2016, 08:05:59 UTC
WTB Vested accounts. 30M+ Vests. Serious inquiries only.

Is it right? Thank you for guidance!

Yes, it is right. I am looking to buy vested accounts with 30M+ VESTS (8,000 Steem power or more per account).
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Board Service Announcements (Altcoins)
Re: Steemit.com: Blogging is the new Mining
by
Bubba-Gump
on 13/08/2016, 07:29:27 UTC
WTB Vested accounts. 30M+ Vests. Serious inquiries only.
I guess the price would be no more than 10BTC

I am looking to buy not sell.
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Re: Steemit.com: Blogging is the new Mining
by
Bubba-Gump
on 12/08/2016, 09:33:37 UTC
WTB Vested accounts. 30M+ Vests. Serious inquiries only.
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Board Announcements (Altcoins)
Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)
by
Bubba-Gump
on 05/04/2016, 16:36:32 UTC
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
interesting
so this is like AMP rival, but STEEM with an already functioning own blockchain ?

Wink 

So here is something that is on topic, not abusive, and yet gets deleted by a forum moderator?   What am I missing?

1. They want more content than an emonji.
2. The original post about AMP could be seen as spam. If the poster had outlined the similarities and differences between the two projects, it probably would not have been deleted.

The question is who reported it because they won't delete anything that isn't reported.
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Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)
by
Bubba-Gump
on 04/04/2016, 21:17:37 UTC
Since the amount of VESTS is now more than 90% of STEEM, does this mean you will not get back as much steem if you buy VESTS as you would have if you just kept them?

As far as I can see, it is not 90% yet. More like 86-87% at the moment if I understand this stuff correctly.

You are correct.  It will not go above 90% unless people with STEEM explicitly convert to VESTS.  Absent any transactions the amount of STEEM held in VESTS will always move TOWARD 90%

I have a couple of questions.

Here's what I understand.

Code:
  "virtual_supply": "5522844.000 STEEM",
  "current_supply": "5522844.000 STEEM",
  "confidential_supply": "0.000 STEEM",
  "current_sbd_supply": "0.000 SBD",
  "confidential_sbd_supply": "0.000 SBD",
  "total_vesting_fund_steem": "4826044.000 STEEM",
  "total_vesting_shares": "389357.483375 VESTS",
  "total_reward_fund_steem": "638980.000 STEEM"

Here the STEEM in the vesting fund (total_vesting_shares) is 4826044.000 STEEM, and the total supply (current_supply) is 5522844.000 STEEM

This ratio is 0.874, or 87.4%. It will gradually drift to 90% if no one buys new shares.

First Questions: How is this drift calculated? What is the formula for the update cycle?

As new STEEM is added to the money supply, the amount of STEEM in the vesting fund will increase accordingly.

Second Question: How do you calculate the value of your vests in terms of STEEM?

My guess:

If you want to see what your vests are worth, valued in STEEM at, you calculate:

    total_vesting_fund_steem * your_vesting_shares / total_vesting_shares

(I fixed this formula in edit.)

I have some other questions.

(1) How many witnesses can each vest vote for?

(2) Is it impossible for someone to dilute your vests? I think not because total_vesting_shares will never grow faster than current_supply. Correct?
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Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)
by
Bubba-Gump
on 04/04/2016, 03:48:55 UTC
And I've been mining while I've been fudding.

Hate me? Consider it "chess". Wink

TOTAL                  1357.000 STEEM    3676.733594 VESTS            0.000 SBD


We've known it all along Smiley

Happy to see you participating

Ned


I think you have a great idea here and am interested in being a witness, so I'm going to lay down my creds.

First of all, the Eclipse Crypto account is a join developer account. I originally used it to post in this thread because I was logged in as this account and forgot to log out. I thought it would be a one-off post but then it kind of exploded. The other Eclipse developers have been *very* understanding, and my apparent lunacy here is in no way a reflection of the Eclipse team.

From now on, I'll post in this thread as "Bubba-Gump".


Not sure how good is to vote for a certified liar as a witness. Too 'simple' things like morale and integrity, are not yet comrehended by this 'great minded' 'chess player'... so expect surprises. But hey - I see those simple things are nearly forgotten here in crypto (money are everything, right?), so I wouldn't be surprised to see a trickster voted as witness here, and see this Ned to be happy for the liar participating...
Somewhat disgusted to see all this.  Undecided


Where did I lie? I think I missed it. I helped several selflessly earlier by the way, and did so when there was nothing in it for me except added mining competition.
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Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)
by
Bubba-Gump
on 03/04/2016, 23:36:12 UTC
Guys, do you know, whether it's necessary to have different private keys for each miner, if I am mining on 1 machine on multiple threads?

Do not start multiple instances with the same key, either on the same machine or different machines.

You can have as many threads as you want on a single instance with the same key.

The signature nonce is constructed by the signing key and the thread number. Different instances will have the same thread numbers (1, 2, 3, etc.)

Your best bet is for each steemd you run, you need to have a different key. If in doubt make a different key.

I haven't looked to see if the devs fixed this yet.
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Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)
by
Bubba-Gump
on 03/04/2016, 21:05:50 UTC
And I've been mining while I've been fudding.

Hate me? Consider it "chess". Wink

TOTAL                  1357.000 STEEM    3676.733594 VESTS            0.000 SBD


We've known it all along Smiley

Happy to see you participating

Ned


I think you have a great idea here and am interested in being a witness, so I'm going to lay down my creds.

First of all, the Eclipse Crypto account is a join developer account. I originally used it to post in this thread because I was logged in as this account and forgot to log out. I thought it would be a one-off post but then it kind of exploded. The other Eclipse developers have been *very* understanding, and my apparent lunacy here is in no way a reflection of the Eclipse team.

From now on, I'll post in this thread as "Bubba-Gump".



About me and my credentials for being a witness:

I have been following crypto for about 2.5 years now and it was only a few short months after my first purchase of BTC before I started getting involved on the development side. Lately, I have been working with the Eclipse dev team as a programmer. To clarify things, we have several devs. I am the lead (overly-outspoken) programmer. We also have an administrative dev and a cryptography expert. We are all "equals", leading different parts of the project.

I have expertise in a enough programming languages not to bother mentioning them all. One language I will mention is C++ because so much of crypto is written in it. I've studied cryptocurrency code so much that I can read through it like a newspaper and can spot logic bugs without even running the code. I have written a lot of cryptocurrency code for many projects.

I have many years of experience in system administration, setting up long running networks both as a consultant and salaried professional.

If I run a witness, I will do so using a top-tier cloud platform like google, amazon, or azure. I have registered a few aliases on the STEEM platform, some of which may not be flattering to steem. Again, that was all a "masquerade". At least we know these names will be in friendly hands.

I prefer my witness account to be "steemed" if I am selected. I also have steemroller and steemer, and many other potentially valuable aliases.

In fairness, I could have put a lot of hashes on this coin, but I stayed out of the way so the devs could get more of a development fund. I have been putting everything into vests, even at the low rates we have been getting now. I was probably one of the first people with vests after relaunch.

I'm excited to see where this project will go. I have been recruiting new participants behind the scenes, and even helped a few people here both on the board and privately.

Even if I didn't have a stake in this project, I'd be enthusiastic about its progress as the devs' goal is one of the well known killer dapps that will serve a useful purpose to society.
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Re: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)
by
Bubba-Gump
on 02/04/2016, 07:03:15 UTC
NextGen, Steemd, if you would like to be a witness I will vote for your continued efforts if you would be willing to reveal a bit about yourself and are interested in a long-term job running a node.

If you are interested in becoming a witness please share with everyone a little about yourself.  There are 19 slots available.

I'm interested in being a witness as well, but maybe the only way I can prove my support for this coin is that I have been mining it to a bunch of aliases for a few days. I have steemroller and stanleysteemer. I also have a bunch of coin names including ethereum, ripple, namecoin, and litecoin. I also have been mining a few ticker symbols like btc, eth, and bts. I can prove ownership of all these aliases and that they were created before the devs mentioned slots for witnesses.

I like a lot of things about bitshares, especially pegged currencies, so I'm excited about a bitshares-based coin. One thing I dislike is the potential for abuse with delegated PoS, although the bitshares model seems to address most of my concerns.

As my backposts indicate, I am especially displeased with the lisk delegated PoS model, where the initial distribution is based on an ICO, and each stakeholder can vote multiple times with their stake.

STEEM is interesting because it dispenses with PoS altogether, but not on the back of stakeholders. When I saw this idea of delegated PoW, I realized its importance and started mining.

I know my post history here at bitcointalk is somewhat limited, but I am mostly a lurker, except when I feel like I have something to say. You can see my account is fairly old, so I have been around long enough to know when something special pops up.
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Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
Bubba-Gump
on 13/03/2016, 19:24:15 UTC
Voters will vote, because 1. they might get LISK and even more importantly 2. they secure the whole network with their votes.


#2 is altruism and will not be a motivation. #1 is the right answer.


Quote
Why do we exclude entire countries? Where did I say you MUST join a pool? People don't need to be completely public, a well known username is often more worth than a real identity.


Usernames are not worth more than real identities. That's why the LISK development team used their real identities for this ICO.

Real identity is more legitimate than a user name, but it is going to exclude a lot of people and undermine the robustness of the system.
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Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
Bubba-Gump
on 13/03/2016, 19:08:54 UTC
Quote from: LiskHQ

One question to you guys. If we now have your system and a group with 20% of all LISK. These guys can now split the 20% LISK between 20 accounts and vote 20 delegates into the top 101, which will stay there forever.

Where is my thinking error? The current system would be much better, because it could prevent it. Your system couldn't do anything.

Yes you are right, but the cost would be 20% of Lisk to grab 20 spots, instead of 1% to grab 20 spots

Please see my post above. It seems you don't understand our current system. With 1% you will never grab any seat at Lisk. Not if you are on your own and alone to vote for yourself.


How is anyone going to get votes? What's in it for the voters? Is this a popularity contest?

Voters are going to vote to get something out of it. So then they all join a pool (who might steal a little weight from each one). Then how will this be decentralized?

This whole system is a recipe for centralization at every turn. First you exclude entire countries by imposing unreasonable liabilities on signatories, then you must join a pool to make it worth your time to vote and even then there is no guarantee that you will get representation for your vote.

In the end, people will vote for Donald Trump because he is a well funded showman, and Chase bank because they have the lawyers to combat the agencies.

You have completely ignored the exposure of signatories to liability by making them reveal their identities.
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Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
Bubba-Gump
on 13/03/2016, 18:10:45 UTC
How we get more people voting:

We will introduce a "Forging Pool" in the future (as a dapp). Delegates can run them on their nodes and register their delegate account on the sidechain. With this pool the delegates can then distribute a part of their earnings to the voters automatically every X days.

This will create an incentive for users to withdraw funds from the exchanges and vote for trusted individuals. In order to confirm trusted individuals, we will introduce an "Identity Dapp" in the future, in which people can associate their account with an username, real name, social media profiles, photo, and much more.


Let me get this straight. Fairness will be ensured by linking a specific identity to the ability to sign a distributed ledger.

This is not a good idea. Several countries are beginning to enact serious legislation and take serious interest in distributed ledgers. In Russia, for example, they will send someone to prison simply for using it. Who knows what will happen to a signatory.

In the US, it has been suggested that current laws make signatories liable for filings with the SEC, CFTC, and likely any other agency that unilaterally declares its own jurisdiction.

Fairness must come from game theory, not by exposing the signatories to massive liability. The latter is a way to ensure the absence of fairness.

If game theory means that someone may control a delegate indefinitely, I don't see how that's a problem.
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Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
Bubba-Gump
on 13/03/2016, 09:44:06 UTC

Explain to me how "personalities" are relevant to a block chain. A potential delegate simply registers a public key. They don't have to prove their identity in any other way.


In order to register as a Delegate you will need to provide further information (e.g. full name, bitcointalk.org name, twitter, facebook, e-mail, etc.).

This enables voters to know who they are voting for.

Link to those mentioned requirements? I didnt see input area for those fields in the wallet.

Those are examples given, not mentioned requirements. As far as I know, this was discussed in the early stages of the ICO. I am not certain if it has been documented or if it is live on the test network. You would need to get an official confirmation from the developers that this will indeed go live before launching the coin.


By the way, "a lot more legitimacy" is a relative statement.

In the end, online identities are easy to fake and are essentially meaningless.
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Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
Bubba-Gump
on 13/03/2016, 09:25:35 UTC

Explain to me how "personalities" are relevant to a block chain. A potential delegate simply registers a public key. They don't have to prove their identity in any other way.


In order to register as a Delegate you will need to provide further information (e.g. full name, bitcointalk.org name, twitter, facebook, e-mail, etc.).

This enables voters to know who they are voting for.



Okay, this is missing from the handbook. It needs to be in there. I'm not completely convinced of the wisdom of this system yet, but I fully concede that tying the voting mechanism to real-world input adds a lot more legitimacy to this type of process.