Topic: [ANN] BitShares 2.0 - page 30. (Read 153060 times)

Good evening. I would like to start investing in Bitshares, but I am not being able to have the wallet working here (I'm using Windows 7):

I have tried install the "BitShares-light_2.15.292.exe", but when I try to create an account, I always receive an error. The same happens with the online wallet at bitshares.openledger.info

Here is the print screen of the error: http://oi60.tinypic.com/141k1h0.jpg

So, I have decided to install "BitShares-2.15.286-66c18c6-win64-cli-tools.exe", still on Windows 7, tried as many commands as I could figure out at the command prompt (based myself here http://wiki.bitshares.org/index.php/Useful_Wallet_Commands) with no success.

Then, I've tried wallet.bitshares.org. Created the wallet, got a recovery key, set a password, but I get this error "Severe network problems | Last block was synced 15h 52m 35s ago".

I was not able to create an account at bitsharestalk.org :/ that's why I am posting this question here (e-mail confirmation message never arrived).

I really need some help here. How can I start?

Thank you

price to low

What happened to Bitshares 2.0? It has already been released, but I don't see any new updates/impressions about it. Also, the price hasn't increased at all. It is still the same, or even cheaper than it was before. Did BTS passed the promised TPS? I'm lost here 

http://www.forbes.com/sites/rogeraitken/2015/10/10/openledgers-crypto-financial-platform-officially-launching-as-central-bank-interest-revealed/3/

Only 2 days left for the official launch of Bitshares 2.0! When it becomes official, it hope there would be mass adoption by banks and companies with a hopeful increase in price. Right now BTS is very cheap, so I guess the time is good to buy some more. This is very exciting. I can’t wait for it. 

NP I hope it wins you over once you understand the power of dpos.

Fair enough.

Lets draw a line in the sand here: I'll give BTS some peace and quiet on the 100k/100 TPS issue until October 13.
If Graphene rolls out on time, and pulling 100 TPS consistently, I'll keep on keeping quiet.   

You dont understand the tradeoffs between security/performance that Satoshi made. You need to know software to ask these questions on this forum. It doesn't matter if anyone in the BTS community ever claimed that, but the devs have not thats what matters.

The fuss is about the ability for Graphene to run at 100k TPS. No other coin on any super network can ever do that because the bottleneck is not the network but the blockchain implementation instead.

The benchmark's prove this. Anyone with knowledge of bitcoin will acknowledge this as innovation.

So...and I'm working my head round this slowly:

No-one in the BTS community has ever claimed that Graphene would run at 100,000 TPS on launch ?

So why make such a fuss about a hypothetical future configuration of BTS running on next-gen Internet 2.0 hardware ?
I'm reasonably aware of BTS activities, and I got the overwhelming impression that Graphene was going to have revolutionary, VISA-level processing speeds now, rather than at some undetermined time in the future.

Using this line of reasoning, I can now claim that NXT will hit 1,000,000 TPS sometime in 2027, and no-one can contradict me.....

I'm trying hard to find the part in your links that BitShares "promished" 100.000 tps at 13 October and I can't. Can you give us a hand here? or your job is only to post irrelevant links?

Even if BitShares made that promish, it would be ok to postpone the full implementation for some time.

What we have here is a few guys "complaining" that 100 tps is not good enought short term, I find your claims/posts really funny especially if we take in to account the fact that your "allmighty" and "super_duper_wow" nxt has a limit of 3 tps.

You sound like a horse carriage company complaining about the "disadvantages" of the first cars.

and btw....


Are you sure that 100 tps short term and 100K long term are "sour" ?

First article is about designing a high-performance blockchain:

"Designing a high-performance blockchain isn’t rocket-science, and doesn’t require complex, hard-to-understand protocols, nor does it require dividing processing among all the nodes on the network. Instead, all that is necessary to build a high-performance blockchain is to remove all calculations that are not part of the critical, order-dependent, evaluation from the core business logic, and to design a protocol that facilitates these kinds of optimizations. This is what BitShares has done."

There is a bottleneck it talks about:

"The real bottleneck is not the memory requirements, but the bandwidth requirements. At 1 million transactions per second and 256 bytes per transaction, the network would require 256 megabytes per second (1 Gbit/sec). This kind of bandwidth is not widely available to the average desktop; however, this level of bandwidth is a fraction of the 100 Gbit/s that Internet 2 furnishes to more than 210 U.S. educational institutions, 70 corporations, and 45 non-profit and government agencies."

It is saying at 1M TPS you'd need 1 gbit/sec network bandwidth between witnesses and this is at the level of high-end datacenters today. On the WWW we are much less than that, you have to look at worsed case scenario's and WWW isn't scaled up to 10Mbit/sec required for 100K tps. This is besides the point of the article if you look at what the article is about.

Read the headline "Graphene is capable of 100,000 TPS when we pay for the network to go with it".

The second article on bitsharestalk.org talks about the bench mark that was completed based on the reddit article above. The benchmark I've proved is based on the network capabilities of the web to scale up (or we pay for it via blockchain, whichever comes first).

The third article says:

"A single core of a 2.6 Ghz i7 is able to validate 10,000 signatures per second. Today's high-end servers with 36 cores (72 with hyper-threading) could easily validate 100,000 transactions per second. All of these steps have been designed to be embarrassingly parallel and to be independent of Blockchain state."

Most of our witnesses on the testnet are not running anything close to that. Also this is proving that Graphene is capable of doing 100k TPS doesn't ever say bts 2.0 on oct 13 will do 100k TPS since that would mean an ideal network setup between witnesses and witnesses running highend machines.

Hmmmm....link....that's a tricky one...

https://www.google.com/search?q=bitshares+100000+tps

Here's the first 3 or so....

https://www.reddit.com/r/ethereum/comments/3jvo9k/bitshares_says_it_will_be_able_to_complete_100000/

https://bitsharestalk.org/index.php?topic=16782.0

http://finance.yahoo.com/news/bitshares-claims-100-000-transactions-232000522.html

.....etc, etc.

Any other questions ?

never said it would launch with 100k TPS.. link?

Its possible under a LAN environment and tested, yes... under WWW today? no, until WWW scales up it won't happen. Still better than NXT by a mile.

Well, I managed a couple of hours......

If you are going to call me a hypocrite, lets take a look at the situation.

BTS has been claiming,over the last 2-3 months,in innumerable forum posts, press releases, websites, (all of their promotional strategy basically) that Graphene/BTS2.0 would launch on October 13 with 100,000 TPS. The words VISA-level and revolutionary got used a lot.

We are now one week from release, after a lot of investment in BTS based on the promise of this 'revolutionary' blockchain technology, and what happens ?

Suddenly, BTS discovers that their VISA-level tech does not work as promoted. Not even slightly. In order to offer the best chance of going live without a disaster they have been forced to screw back Graphene to 1/1000th of what was promised.

Just to add insult to injury, BTS investors (and the crypto community) are being asked to be excited and happy that BTS 2.0 will lauch with 100TPS because 'that is enough to cover all crypto transactions presently'. Yeah, may well be, but it's not what you promised.

Anyone who points out this uncomfortable truth gets portrayed as a troll and a hypocrite........so who are the hypocrites here ?

Oh... the hypocrisy!

His "coin" only supports 3 tps and he is telling us that 100 tps short term and 100.000 long term is not enought!

Aren't trolls lovelly?

Yay! One down, 2 to go.

(alright, I'll stop teasing BTS for a few hours. )