Who should I make feature requests too? It would be nice to have
getbestblockhash RPC call
It is in Bitcoin and most other forks, would be nice to have this implemented. We are working on an improved proof of reserves that verifies current ownership (not just ownership at one point) by including the lastest hash in the signed message.
We should have a patch that will payout stake rewards proportional to NSR user balances ready soon. This should set us up for adding NSR Peercoin dividends in the near future.
To start we added the ability to see how much of the NSR we hold is staking: https://exco.in/reserves
Iām nearly done with the NSR dividends collection patches. I have started looking into the feasibility of voting with your shares from within our system. If there is enough interest I may be able to implement that too.
It looks like the asking price there is above other exchanges currently, so I hope people who are selling NSR take you up on your offer. Your exchangeās interface is very pleasant to use too.
As much as I appreciate your efforts to create value for your customers by staking with the deposited NSR (on the behalf of their owners and not your behalf), I want to share some thoughts.
First I thought I should call it concerns instead of thoughts, but I found out that this would be in conflict with my understanding of what NSR holders are and what they are responsible for.
By minting with deposited NSR you contribute to the block chain security. That is good.
I expect no votes to be configured in the current minting mode because of this:
Having no votes configured means voting against all motions, custodians and park rate interest rates (above 0%). This is bad, but each NSR holder (and that is true even for those who decide to hold their NSR at exchanges) must be aware of the risk that comes with granting some other entity control over the NSR and excoin not only is open about minting with NSR, but also tells the minting ratio.
Whoever keeps NSR at excoin and not only trades there, is informed!
I highly appreciate your efforts in looking into the feasibility of creating configuration options for customers to vote with the deposited NSR.
Once again I caught myself thinking that this is the wrong way to deal with NSR. They shouldnāt be kept at an exchange even if they can mint there with votes configured by the NSR owners. But then again, if too many NSR are kept at an exchange and that leads to problems (due to centralization and the implications for the Nu network if a majority of NSR were kept at excoin and the minting power of excoin would be undermined by ddos or something else), itās for sure not the fault of the exchange that tries to create good service, but the fault of the NSR owners who messed that up!
So I came to the conclusion that in the end I appreciate your efforts very much to create an even more amazing exchange with features like āminting with configured votesā that seem to be unique!
@masterOfDisaster I really appreciate you writing thoughtful feedback. We want to create a service that is built for innovative crypto-currency communities and it is hard to know what they need without feedback.
I agree with your concerns about consolidation and with how fast proof-of-stake takes to transfer, I encourage users who do not have their shares on the orderbook to keep them in their own wallet staking.
However we also want to strive to make sure your shares are transparently accounted for and fully usable if they are left on our exchange. At this point we still have not decided which approach to take. We may decide to stop staking by keeping the reserve fund at the level of our wallet balance. Right now it is set to 20%, so no more than 20% will ever be staked.
What if the exchange displays the following info at a userās NSR trading pages:
available motion titiles, each with a check box of āyou are voting for it with you NSRā
NBT parking rate being voted
how many mint reward and dividends this account has earned
a link to a FAQ page of what the above mean
I think the above certainly increase attractiveness of the exchange ā it would be an industry-first to provide such level of service specifically made for tradeable currency/commodity (not only limited for NSR although Iād like to see NSR being the first). This would be a good PR for the coin/commodity so the community and the dev team would be glad to collaborate with the exchange. This would certainly make the user happy ā itās almost a second NSR wallet that mints 7x24.
I think exco.in has a unique position to implement such features (not only for NSR) because its account-transparent architecture. Exco.in positions itself as a platform specialized in innovative coin/commodities. If the trading pages also show the novel features of these coins, I for one would be very interested in browsing and even try to buy a few coins to try the features out. The above WILL need a lot of work however.
This is similar to what we have been talking about internally. We suspect that NuShares might be the first major organization built using ontop of the Peershares source but it wonāt likely be the last. If we build these tools they may be useful if more organizations form using similar structure.
The exchange might transform into a crypto-portal in the early years of the internet, offering easy bridges to services (like Yahoo! Thinking different coins are āsitesā of cryptoworld). The metaphor shows more than one side however, since we know most internet portals didnāt pan out (Lycos, geocitiesā¦), and in the end it was the search company to rule the world as internet contents exploded.
I think this metaphor is describing very well what is needed and what might happen.
In difference to the early days of internet I think the crypto coin development will stay closer to portals or alike functions for some time.
Search functions will become important as the crypto coin related implementations spread, but that might be done by the big search engines that are left in the aftermath of search engine and portal dying.
Crypto portals will become outdated once decentralized exchanges run fine and are able to largely replace exchanges hosted on websites. By the time portals are obsolete search engines will profit from connecting customers with businesses.
But still some crypto portals will remain with shrunken importance.
Taking into regard how slow the adoption of crypto coin stuff in the real world is, the above might take some time or maybe wonāt happen as long as we live.
We believe that centralized exchanges are a stepping stone to decentralized exchanges. We feel decentralized exchanges are the direction the crypto ecosystem needs to move towards. The funds raised by our exchange are put back into development of a coin neutral wallet that hopes to facilitate easy and safe geolocal exchange. You can read more details here: http://blackwavelabs.com