B&C Exchange 5.0.1 release - upgrade before 18 July!

[Sabreiib]


{
“2.0” : {
“blocks” : 764,
“block_percentage” : 38.2,
“switch_to_date_time” : “”
},
“4.0” : {
“blocks” : 774,
“block_percentage” : 38.7,
“switch_to_date_time” : “”
},
“5.0” : {
“blocks” : 462,
“block_percentage” : 23.1,
“switch_to_date_time” : “”
}
}

[Cybnate]

{
“2.0” : {
“blocks” : 468,
“block_percentage” : 23.4,
“switch_to_date_time” : “”
},
“4.0” : {
“blocks” : 412,
“block_percentage” : 20.6,
“switch_to_date_time” : “”
},
“5.0” : {
“blocks” : 1120,
“block_percentage” : 56.0,
“switch_to_date_time” : “2016-07-18 14:00:00 UTC”
}
}

Most surprising part is the reduction in 2.0 votes, some apathetic voters have waken up or sold their shares. Maybe Nu crashing was good for something.

[Cybnate]

This upgrade will become mandatory when 55% of the last 2000 blocks have been minted by upgraded nodes. At this point shareholders will have 14 days to upgrade. You can monitor the percentage and the switch date with the RPC getprotocolvotes (added in version 4.0.1).

I believe this period has now started! Added it to the title of this thread.

[Sabreiib]

@Cybnate I believe the next step is electing reputed signers, because BCE white paper absent, we should discuss how many signers need to elect and what’s their responsibility and rewards. I suggest you open a new thread if you have time.

How about signers holding dev fund which transfered from Jordan/Angela?

American National Day is coming, hope our BCE has a new start.

[cryptog]

I have upgraded successfully and generated new feeds to reflect the change.

[Mark]

Most surprising part is the reduction in 2.0 votes, some apathetic voters have waken up or sold their shares. Maybe Nu crashing was good for something.

I have doubts that the problem was in shareholders apathy. I think it was a bug in B&C Exchange client.

[Passed]Motion to elect Sigmike as B&C's technical leader

Indeed there is a bug. Your wallet is probably still voting for the 4.0 protocol. It was not discovered during testing because we used new wallets, and the problem is in the upgrade process from existing wallets. I’ll fix that and publish a 5.0.1 that will also include the other fix.

I don’t think this bug also affected the 4.0 upgrade, but it is possible.

fixed a bug during upgrade of existing wallets that prevented them from voting for the new protocol

[Cybnate]

but it is possible.

In a way that is good news. Bugs can be fixed easily, apathetic shareholders are a lot harder

[Mark]

In a way that is good news. Bugs can be fixed easily, apathetic shareholders are a lot harder

I don’t share your optimism. We lost four months in witch-hunting and I’m afraid we lost momentum.

[Cybnate]

I’m afraid we lost momentum.

There is a chance indeed, we can always fail by doing nothing. I believe it is worth trying, I’m willing to spend some time on it, hope we still have a few others. We will need at least half a dozen signers to start with. More is better of course.

[Sabreiib]

What we are going to do is an important innovation and it should be a long way to go.

[Cybnate]

I suggest you open a new thread if you have time.

Will need to wrap up a few previous threads and call for those who have been putting their names forward to be a signer.
Anyone can start a thread about it, otherwise I will probably start one tomorrow.

[Cybnate]

What we are going to do is an important innovation and it should be a long way to go.

Trouble is that there are already at least two exchanges which do qualify as an decentralised exchange. We are not the first, so we have a way to go on making ours more attractive than the others. A strong Nu would help with that, its current status is not helping. Inventing a second Nu with BKC is not that great imo, but possible.

[Sabreiib]

at least two exchanges

Who are they?

[Cybnate]

Openledger and Bitsquare are the most well known.

[Mark]

What we are going to do is an important innovation and it should be a long way to go.

I’m the smallest of the biggest B&C Exchange shareholders and one of the biggest minters so I don’t lost confidence in the project. Just hoping to avoid the dramas that accompany other competing projects.

[Sabreiib]

Openledger uses tokens, you cannot trade directly with native cryptos.

I heard of bitsquare, will check again.

Btw, BCE has the potential to launch the first Hayek money in this world.

[sigmike]

I have doubts that the problem was in shareholders apathy. I think it was a bug in B&C Exchange client.

I agree. The fact the percentage of 2.0 votes decreased so quickly is a strong indication that the bug did happen in 4.0 too.

We lost four months in witch-hunting.

We lost some time but the development of the other parts continued during that time.

[backpacker]

here’s macosx build of v5.0.1:

https://rbfi.io/dl.php?key=/hEYk/bcexchange.dmg

sha256:

ef3b3fe9924ec9e3d505ec0f6c922ca699b049400d745e8e269006b67c7c2654

[cryptog]

Awesome.

[jooize]

BCE has the potential to launch the first Hayek money in this world.

I wish you’d find someone to discuss this with. It seems interesting.