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Complete TL;DR; answers
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vikramrajkumar committed May 20, 2015
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Expand Up @@ -17,11 +17,12 @@ answered together with the announcement right away. Here we go:

3. Will there be a referral system available at launch?

Yes. Absolutely. And you can earn up to $80\* per user (per lifetime) referred.
Yes. Absolutely. And you can earn up to $80 per user (per lifetime) referred.

4. Are Turing complete scripts/applications on the roadmap?

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We are considering turing complete models which are economically viable. There are several ideas about this around
the office, and we definitely plan to try some of them out eventually.

5. Will the separated Worker/Delegate/Signer proposal be implemented in time?

Expand All @@ -40,14 +41,16 @@ answered together with the announcement right away. Here we go:

7. Can we expect a fast, professional GUI experience within this year?

Absolutely!
Absolutely! With the move to react.js, websockets, and google material the user interface will be much more
responsive, stable and professional looking.

8. Will the new client be more resource efficient?

In BitShares 2.0, communications with the core client are handled with the websockets protocol. Thus the core client
could be either run on a separated machine, or by some else entirely on a trust-less basis. The BitShares network
will be entirely accessible via web browser, either hosted locally or by a third party service provider similar to
blockchain.info (with private keys being stored locally only!).
blockchain.info (with private keys being stored locally only!). This also makes the access to the BitShares network
TOR compatible if required.

9. Have there been any ideas to increase voting participation (e.g. cold storage voting, simplified voting procedure)

Expand All @@ -57,41 +60,48 @@ answered together with the announcement right away. Here we go:

10. What can be done to against whales dominating the voting process?

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Practically, BitShares in general is a company and not a democracy. The more BTS stake you own, the more shares of
the company you own, and the more weights your vote has. This is similar to most traditional business and a
desireable feature. If an investors asks for more power in the voting process the only way to get them is to buy
shares or convince other people to hand over voting power. However, because the shares are well distributed among
thousands of network participants and early adopters such undertaking is very difficult.

---

12. What's the core product and how do shareholders profit from it?
11. Will we see relative orders in the decentralized exchange?

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There is no plan to add relative orders, as part of the effort to reduce dependence on the price feed long-term.

13. Will we see relative orders?
12. Assuming there will not be two different bitUSD, how will the switch from bitasset 1.0 to bitasset 2.0 look like?

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13. Will I be able to use bitUSD as collateral to short a bitAssets?

14. Assuming there will not be two different bitUSD, how will the switch from bitasset 1.0 to bitasset 2.0 look like?
15. Will we be able to close short orders using the collateral?
Yes. BitShares 2.0 goes even further and offers a far better alternative: Collateralized Bonds. Collateralized Bonds
enable arbitrary shorting between any two assets, guaranteed interest, and no risk of being force settled. This system
privatizes the yield to individual bonds and the terms and leverage available can be far more flexible. In effect,
BitUSD becomes cash and a Bond becomes a Certificate of Deposit.

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14. Will we be able to close short orders using the collateral?

---

16. How can KYC and AML be acknowledge in BitShares such that it does not affect BTS holders?

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Users will be able to adjust their margin call price to trigger an early margin call, which will close out your
short position.

17. Will there be any big exchanges/banks who issue their assets on the BitShares blockchain?
15. How can KYC and AML be acknowledge in BitShares such that it does not affect BTS holders?

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KYC/AML are supported for user-issued assets, but not BTS, thus it does not affect BTS holders, but only users who
wish to hold a restricted token. Hence, regular businesses that run ontop of BitShares, such as gateways and
merchants, will require to comply with their local KYC, AML and CTF regulations.

---

11. What has been done to attract more 3rd party developers?
16. What has been done to attract more 3rd party developers?

- gitlab.bitshares.org?
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The API has been improved significantly to allow fast and reliable integration via websockets and push
notifications! Furthermore, alot of effort has been taken for proper documentation.

18. What measures have been taken to ensure that newly written code does not introduced many bugs or reveal hidden
17. What measures have been taken to ensure that newly written code does not introduced many bugs or reveal hidden
design assumptions that are no longer valid?

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While it's impossible to guarantee any code is bug-free, we have been writing unit tests, integration tests, and
regression tests with every new feature implemented. Our tests currently exercise around 90% of the code, and we're
going to be increasing that number before launch.

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