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  1. Eagly

    deposit problem

    What is you problem with Yobit? As far as I am aware Yobit does not allow LBTC deposits or withdrawals.
  2. Could an admin please tell me why the governance submission that I submitted on the 21st November is still awaiting admin approval?? What is the point of the Spark governance System if Admin's refuse to post Governance submissions from coin holders? This type of centralized censorship will kill LBTC if it is allowed to continue
  3. Dear LBTC Community The LightningBTC.uk / Eagly governance motion (link contains a full copy of the text submitted on 21st November 2018) was submitted pending approval to the governance section of the official LBTC.io website exactly one week ago. It was also entered as a proposal into the Spark Governance System (SGS) on the LBTC blockchain at the same time: explorer.lbtc.io/billinfo?id=31c8ba875fc9824b94fb65dbf07574d0c62a5cfc Starttime: 2018-11-21 02:01:22 The full text for this motion was submitted to LBTC.io moderators before I posted it (as a LBTC Committee member) with the LBTC SGS. I have reposted the link to the The LightningBTC.uk / Eagly governance motion full text in an effort to allow anyone in the LBTC community who has not yet had an opportunity time to view this proposal, time to do so before the voting closes. To those reading, I am properly entered as a LBTC Committee Member as recorded on the LBTC blockchain, so please vote on the motion as it will benefit all LBTC holders for a prosperous long term future. Thank you for your attention. “Eagly”. 28th November 2018." 亲爱的LBTC社区 LightningBTC.uk / Eagly治理动议(链接包含2018年11月21日提交的文本的完整副本)在一周前提交给LBTC.io官方网站的治理部门批准。它也同时作为LBTC区块链的星火治理系统(SGS)的提案输入:explorer.lbtc.io/billinfo?id = 31c8ba875fc9824b94fb65dbf07574d0c62a5cfc 开始时间:2018-11-21 02:01:22 在我与LBTC SGS发布(作为LBTC委员会成员)之前,此议案的全文已提交给LBTC.io主持人。我已将该链接重新发布到The LightningBTC.uk / Eagly治理动议全文,以便允许LBTC社区中尚未有机会有时间查看此提案的任何人,在投票结束前有时间这样做。 对于那些阅读,我被正确地作为LBTC区块链记录的LBTC委员会成员进入,所以请对该议案进行投票,因为它将使所有LBTC持有者受益,以实现繁荣的长期未来。 感谢您的关注。 Eagly。 2018年11月28日。 21st November 2018 [Motion] It is proposed to change the DPOS reward mechanism of LBTC to prevent long term centralisation of LBTC by private forging pools and to allow all LBTC holders to be the true owners of LBTC Network Rights and Benefits. [See the SGS Governance Link for our Successful Proposal Submission on LBTC.io] [Proposer] Eagly [Proposal creation time] Starttime: 2018-11-21 02:01:22 [Voting time] 10 days [Status] Voting Currently Active: The reasons for submitting this proposal are as follows: The LBTC network is in danger of being centrally controlled by 1 or 2 private forging pools, who are using the coins forged to secure their control of the LBTC Network by building their stakes to the point where they cannot by outvoted via SGS. LBTC holders are not guaranteed forging returns for holding and staking LBTC coins. The voting, staking and reward mechanisms are unclear and open to manipulation by forging nodes representing major coinholders who are able to put their own interest above the interests of the wider LBTC community. The Full Proposal: My proposal is that we vote to change the DPOS mechanism of LBTC so that as a community we: Reward the 101 active forging nodes with fixed percentage (I suggest 5% of the new coins forged daily which currently = 90 LBTC) of the new coins forged. Forging nodes will continue to receive the transaction fees for network activity. Divide the remaining forging rewards equally between ALL LBTC coins currently voting on the network, regardless of which nodes they vote for. All coins voting for nodes will receive a proportional share of the forging rewards. Change the way that newly forged coins are allocated so that the rewards outlined in points (1) and (2) above are distributed automatically by the LBTC ecosystem DIRECTLY to LBTC voting wallets, thus ensuring fair and transparent division of the new LBTC coins to ALL LBTC coin holders that choose to participate in voting. Eg LBTC coins voting from LBTC wallets are rewarded daily at the network level, not given rewards via the forging nodes they are voting for. Background: LBTC was designed to overcome some of the major problems of Bitcoin, such as miner centralisation, and to quote the official LBTC Medium on the launch of SGS (linked here: https://medium.com/lightning-bitcoin-blog/lbtc-on-chain-governance-spark-governance-system-2-911885f40e96), the role of the LBTC Holder is “owner of LBTC Network Rights”. Unfortunately, the structure of LBTC’s DPOS implementation means that the network is already being dominated by private Forging Pools, who areclaiming the majority of the newly forged coins for themselves, and therefore denying ordinary LBTC coin holders in the LBTC community the advantagesand rewards created by the LBTC DPOS mechanism. LBTC forging nodes and rewards are being centralised by a small number of private coin holders, who are using the DPOS mechanism in private, closed forging pools to grow increasingly large stakes in the network. If this situation is allowed to continue then these private forging pools will soon control and retain 100% of the new forged LBTC coins (1,800 LBTC per day) giving them full control of the network and allowing them to have an unshakeable hold on LBTC as their percentage stake in the network grows bigger every single day. This situation destroys two of the main core values of LBTC (community and decentralisation), and will, in my opinion, prevent LBTC from reaching mass adoption and realising it’s potential as a major cryptocurrency in the Internet of Value. With such a small number of coins currently in circulation and an inflation rate of 1,800 coins per day, I believe that the LBTC commmunity needs to vote to change the rewards mechanism through the Spark Governance System (SGS) to protect the rights of smaller stakeholders within the LBTC communityand to ensure the long term survival of the LBTC network. Voting for this proposal will give every single LBTC coin the same long term value on the network as it will guarantee long term DPOS forging rewards for every voting coin. It is my belief that we as a community need to change the way that forging is rewarded to ensure that the role division within on chain governance remains true to the officially stated intention of SGS (see link above) so that a “Forging node” is “responsible for network stability, not involved in governance”. If the present situation is allowed to continue then the forging nodes will take over the governance of LBTC by creating and retaining so many new LBTC coins that soon they will not be able to be outvoted through the SGS system. This will create a system similar to that currently experienced by Bitcoin, where the control of LBTC is fully centralised within the control of 1 or 2 private entities. This will destroy the long term prospects of growth for LBTC, Advantages of passing this proposal: All existing and new coin holders will be able to assess the rewards they will receive in advance of investing and voting in the LBTC network (1,800 coins divided by total voting coins multiplied by coins staked minus 5% forging fee) All LBTC coin holders will be able to vote for the forging nodes that they believe will best serve the LBTC network, without concerns that they are voting for nodes that will not reward them. LBTC holders will be able to stake and receive rewards direct from official wallets and control their own private keys. At present the only real staking option is the Cobo cloud wallet, which does not allow control of private keys. All LBTC coin holders who participate in voting will be equally rewarded proportional to the number of LBTC coins they stake. All active forging nodes will be equally rewarded with a fixed percentage of forged coins for supporting the LBTC network. DPOS and DPOS rewards are some the most attractive features of LBTC. The long term value of LBTC will be secured by rewarding all LBTC holders proportionally to the number of coins they vote with. The long term value of the LBTC network will be protected from being centralised by a small minority of large stakeholders. All stakeholders in the LBTC network should benefit long term from this change as it will add long term value to this community. Disadvantages of passing this Proposal: More disruption in the LBTC network, will probably result in more downtime with exchanges, integration and possibly LBTC wallets. The proposal will change existing services with 3rd parties like Cobo. Current problems addressed by this proposal: Forging nodes are not required to reward LBTC coin holders who vote for them, and if they do reward coin holders the forging nodes can choose the level of the rewards (eg Cobo) Voting for nodes that are not forging does not generate DPOS rewards, meaning that LBTC holders who vote for changes in forging nodes to improve the network are penalised. The voting mechanism at present is not clear or transparent, and there is no way for coin holders to assess the likely rewards they will receive for voting for nodes. Of the 101 forging nodes currently active on the LBTC network: 51 are controlled by an unknown private forging pool who do not reward voters. 20 are controlled by Benpool who do not reward voters, and the remaining 30 are controlled by Cobo who have a variable rewards (they offer 95% of rewards for their cloud wallet users [who have bno control of their private keys], and 50% of rewards for coin holders who vote via official wallets). As the current forging nodes are retaining the vast majority of the 1,800 LBTC generated per day, their stake in the network is getting larger and larger. They will end up controlling LBTC if they are not stopped by SGS governance. A theoretical example of the Proposed forging system in action over a 1 day period: 1,000,000 LBTC coins choose to vote via their LBTC wallets (51 votes each) for 360 different forging nodes. 1,800 LBTC coins are forged daily by the 101 top voted nodes (same as currently forged) The 101 top voted forging nodes share 5% (90 LBTC) of the new LBTC coins plus they take the transaction fees from network activity on a block by block basis. The remaining 1,710 newly forged coins are shared equally between the 1,000,000 LBTC who voted in the period, giving a DPOS reward of 0.00171 LBTC per voting LBTC coin. In this example, a holder staking 1,000 LBTC would receive 1.71 LBTC per day directly from the LBTC network to their voting LBTC wallet address, regardless of which nodes they chose to vote for. If all currently circulating coins on the LBTC network were voting, the rewards would, of course, be lower as there are 3.6m coins in total circulation, although some are held by the team. Summary: Please seriously consider the long term benefits to everyone in the LBTC community of this proposal and vote to pass this motion. Like many early supporters of the LBTC network I have been concerned at the nature of LBTC’s DPOS implementation, and I believe that this proposal represents the fairest possible solution to the problem of long term centralisation and LBTC network dominance by the largest LBTC coin holders. The current problems in the BTC and BCH network demonstrate the long term problems and lack of coin holder confidence associated with miner centralisation, and I believe that forging centralisation will create similar problems in the future for LBTC, preventing LBTC from realising it’s true potential. I would like to ask that all LBTC holders support this proposal, including those coin holders who do currently benefit from controlling the new coin supply and forging nodes and who may lose out in the short term if they vote for this proposal. Please put the interests of the LBTC community before your own short term profits. Everyone will benefit from these changes in the long term, as they will bring transparency and confidence in the way that the LBTC network operates. Creating a truly decentralised currency where every coinholder benefits equally will benefit all LBTC coin holders in the long term. This proposal will help LBTC to attract new users and give LBTC the recognition that we need to become the new standard in the future for the Internet of Value. We need to give current Bitcoin holders a viable long term alternative, and the added value of a well structured DPOS mechanism will help us to make this future a reality.During the winter we can build towards a glorious Spring. “Is is wiser to own a small amount of something important than a large amount of nothing.” Thank you for your time and consideration of this proposal. Eagly LightningBTC.uk The following is a Chinese translation created using the help of online tools. I hope that friends in the Chinese LBTC community will see this proposal and participate. If passed this proposal could be very good for the future of everyone involved with LBTC. 以下是使用在线工具创建的中文翻译。 我希望中国LBTC社区的朋友能看到这个提议并参加。 如果通过,这个提案对于参与LBTC的每个人的未来都会非常有利。 [动议]建议改变LBTC的DPOS奖励机制,以防止私人锻造池长期集中LBTC,并允许所有LBTC持有人成为LBTC网络权益的真正所有者。 [建议者] Eagly [提案创建时间]提交前 [投票时间] 10天 提交此提案的理由如下: 1. LBTC网络有被1或2个私人锻造池集中控制的危险,这些私人锻造池使用伪造的硬币来确保他们对LBTC网络的控制,方法是将他们的赌注建立在不能通过SGS投票的地方。 2. LBTC持有人不保证伪造持有和赌注LBTC硬币的回报。 3.投票,赌注和奖励机制不明确,并且可以通过伪造节点来操纵,这些节点代表主要的硬币持有者,他们能够将自己的利益置于更广泛的LBTC社区的利益之上。 完整提案: 我的建议是,我们投票改变LBTC的DPOS机制,以便作为一个社区,我们: 1.以固定百分比(我建议每天伪造5%的新硬币,当前= 90 LBTC)锻造新硬币,奖励101个活动锻造节点。伪造节点将继续收取网络活动的交易费用。 2.在目前在网络上投票的所有LBTC硬币之间平均分配剩余的锻造奖励,无论他们投票选择哪个节点。投票给节点的所有硬币将获得锻造奖励的比例份额。 3.更改新伪造硬币的分配方式,以便上述第(1)和(2)点概述的奖励由LBTC生态系统自动分配给LBTC投票钱包,从而确保新LBTC硬币的公平和透明划分所有选择参加投票的LBTC硬币持有者。例如,从LBTC钱包投票的LBTC硬币每天在网络级别获得奖励,而不是通过他们投票的锻造节点获得奖励。 背景: LBTC旨在克服比特币的一些主要问题,例如矿工集中化,并在SGS发布时引用官方LBTC媒体(链接到这里:https://medium.com/lightning-bitcoin-blog/lbtc- ,链式治理 - 火花 - 治理 - 系统 - 2-911885f40e96),LBTC持有人的角色是“LBTC网络权利的所有者”。 不幸的是,LBTC的DPOS实施结构意味着该网络已经被私人锻造池所主导,他们为自己声称拥有大部分新伪造的硬币,因此否认LBTC社区的普通LBTC硬币持有人创造的优势和奖励通过LBTC DPOS机制。 LBTC伪造节点和奖励由少数私人硬币持有者集中,他们在私人的封闭式锻造池中使用DPOS机制来增加网络中越来越大的赌注。 如果允许这种情况继续下去,那么这些私人锻造池将很快控制并保留100%的新伪造LBTC硬币(每天1,800 LBTC),使他们能够完全控制网络并允许他们对LBTC进行不可动摇的保留。网络中的百分比股份每天都在增长。这种情况破坏了LBTC(社区和权力下放)的两个主要核心价值观,并且在我看来,它将阻止LBTC实现大规模采用并实现其作为价值互联网中主要加密货币的潜力。 由于目前流通的硬币数量如此之少,每天通货膨胀率为1,800个硬币,我认为LBTC社区需要通过星火治理系统(SGS)投票改变奖励机制,以保护小型利益相关者的权利。 LBTC社区并确保LBTC网络的长期生存。投票给这个提议将使每个LBTC硬币在网络上具有相同的长期价值,因为它将保证每个投票硬币的长期DPOS伪造奖励。 我相信,作为一个社区,我们需要改变锻造的奖励方式,以确保链条治理中的角色划分仍然符合SGS官方声明的意图(参见上面的链接),以便“锻造节点”是“负责网络稳定,不参与治理”。如果允许目前的情况继续下去,那么锻造节点将通过创建和保留如此多的新LBTC硬币来接管LBTC的治理,很快它们将无法通过SGS系统进行投资。 这将创建一个类似于比特币目前所经历的系统,其中LBTC的控制完全集中在1或2个私有实体的控制之内。这将破坏LBTC的长期增长前景, 通过此提案的优点: 1.所有现有和新的硬币持有者将能够评估他们将在LBTC网络投资和投票之前获得的奖励(1,800个硬币除以总投票硬币乘以硬币赌注减去5%的锻造费) 2.所有LBTC硬币持有者将能够投票选出他们认为最适合LBTC网络的锻造节点,而不用担心他们投票支持不会奖励他们的节点。 LBTC持有人将能够直接从官方钱包中获得奖金并获得奖励并控制他们自己的私人钥匙。目前唯一真正的赌注选项是Cobo云钱包,它不允许控制私钥。 4.参与投票的所有LBTC硬币持有人将获得与他们所持有的LBTC硬币数量成比例的奖励。 5.所有活动锻造节点将同样获得固定百分比的伪造硬币以支持LBTC网络。 6. DPOS和DPOS奖励是LBTC最具吸引力的功能。 LBTC的长期价值将通过奖励所有LBTC持有者与他们投票的硬币数量成比例来确保。 7. LBTC网络的长期价值将受到少数大型利益相关者的集中保护。 8. LBTC网络中的所有利益相关者都应该从这一变化中获益,因为这将为该社区增加长期价值。 通过此提案的缺点: 1. LBTC网络的更多中断,可能会导致交换,集成和LBTC钱包的停机时间更长。 该提案将改变现有的服务,如Cobo等第三方。 该提案目前遇到的问题: 1.锻造节点不需要奖励投票给他们的LBTC硬币持有者,如果他们确实奖励硬币持有者,锻造节点可以选择奖励等级(例如Cobo) 2.对非伪造节点的投票不会产生DPOS奖励,这意味着投票支持伪造节点变化以改善网络的LBTC持有者将受到惩罚。 3.目前的投票机制不明确或透明,硬币持有人无法评估他们为节点投票所获得的可能奖励。 4.目前在LBTC网络上活动的101个锻造节点中,有51个由一个不为选民奖励的未知私人锻造池控制。 20人由Benpool控制,他们不奖励选民,其余30人由Cobo控制,他们有可变奖励(他们为他们的云钱包用户[无法控制他们的私钥]提供95%的奖励,以及50%通过官方钱包投票的硬币持有者的奖励)。 5.由于目前的锻造节点保留了每天产生的1,800个LBTC的绝大部分,他们在网络中的份额越来越大。如果他们没有被SGS治理阻止,他们将最终控制LBTC。 建议锻造系统在1天内运行的理论示例: •1,000,000个LBTC硬币选择通过他们的LBTC钱包(每个51票)投票选出360个不同的锻造节点。 •101个最高投票节点每天伪造1,800个LBTC硬币(与目前伪造的相同) •101个最高投票的锻造节点共享新LBTC硬币的5%(90 LBTC),并且他们逐块地从网络活动中获取交易费用。 •剩余的1,710个新伪造硬币在该期间投票的1,000,000 LBTC之间平均分配,每个投票LBTC硬币给予DPOS奖励0.00171 LBTC。 •在此示例中,持有赌注1,000 LBTC的持有人每天将直接从LBTC网络收到1.71 LBTC到其投票LBTC钱包地址,无论他们选择投票选择哪个节点。如果LBTC网络上所有当前流通的硬币都在投票,那么奖励当然会降低,因为总发行量中有360万个硬币,尽管有些是由团队持有的。 摘要: 请认真考虑LBTC社区中每个人对本提案的期限利益,并投票通过该议案。 像LBTC网络的许多早期支持者一样,我一直关注LBTC的DPOS实施的性质,我相信这个提议代表了最大的LBTC硬币持有者长期集中和LBTC网络优势问题的最公平的解决方案。 目前BTC和BCH网络存在的问题表明长期存在的问题以及缺乏与矿工集中化相关的硬币持有者信心,我认为锻造集中化将在LBTC的未来产生类似的问题,阻止LBTC实现其真正的潜力。 我想问一下,所有LBTC持有人都支持这个提议,包括那些目前从控制新硬币供应和锻造节点中受益的硬币持有者,如果他们投票支持这个提议,他们可能在短期内失败。请将LBTC社区的利益置于您自己的短期利润之前。 从长远来看,每个人都将从这些变化中受益,因为它们将为LBTC网络的运作方式带来透明度和信心。 创造一种真正分散的货币,每个拥有者平等的利益将使所有LBTC硬币持有者长期受益。该提案将帮助LBTC吸引新用户,并让LBTC认识到我们需要成为未来价值互联网的新标准。我们需要为现有的比特币持有者提供可行的长期替代方案,并且结构良好的DPOS机制的附加价值将帮助我们实现这一未来。在冬天,我们可以建立一个辉煌的春天。 “拥有少量重要的东西比没有大量的东西更明智。” 感谢您抽出宝贵时间并考虑此提案。 Eagly LightningBTC.uk
  4. Hi, I submitted a motion to the SGS governance section of the forum over 2.5 days ago (60+ hours) but it is still apparently waiting for admin approval ? Is no-one currently monitoring submissions this site now? See here for the full text that was submitted. Many thanks, Eagly
  5. Eagly


    Thanks! Great news The LightningBTC.uk deposit address is 19oMYzeEa9aBPJCM5JBjpbh9BPJA7DWS5z Can be checked / QR code scanned here: http://lightningbtc.uk/donate-lbtc/ ?