There are currently 3 different Bounty/Votings on Dashboard that you can participate in.

First one to close, less than a week later, is TELOS LED-SCREEN ADVERTISINGS voting.

Which, as the name already suggests, is about collecting some Telos to Fund some modern-day billboard advertising, which nowadays is being handled by LED-Screens instead of actual physical posters.

I first thought what a silly idea to use Billboards to advertise Cryptos until Discord user Bitcoin_Bond_007 told me how these things work nowadays. Apparently, due to the LED-Screen nature, you could have them show only for one specific hour, and only in some specific locations, making it both cheap and effective.

As an example, suppose there is a Crypto coin conference in Berlin. Now imagine then that this conference opens on Friday at 7 PM. Well, how about having LED-screens showing Telos from 5 pm to 7 pm on all the roads that lead to the conference place?
You only need a couple of those Led-Screens and only for a very short time, meaning the price is not that high, and yet, the audience is very targeted!

I admit, I had completely missed where modern day billboards are nowadays, but likely not everyone was as out of date like me and this have so far received 150 votes, which in Telos means 150k Telos since one vote costs 1k Telos. So looking good, but could use some more still.

Second one to close, bit less than a month later (21st April), is “New Listing at Probit Exchange”-voting

This is about getting Telos listed at Probit Exchange, which CoinMarketCap seems to be ranking as number 26 exchange at the time of writing this.

Similar to the previous voting, in this one too each vote costs 1k Telos and so far it has got only 9 votes. So if you like to see Telos listed on more Exchanges, here is your chance to make it happen by giving it some more votes.

Last one to close (22nd April) is “Creating Complete WhitePaper”-vote

This is for all you who have been complaining about Telos not having proper White Paper.

As you might know, Pascal doesn’t really like making a White Paper, hence there is now a vote/bounty for this specific purpose to hire someone proper to make a proper White Paper.

Like in the previous two, each vote costs 1k Telos and the vote target is 50 votes, but the real target is actually 100k Telos. It is just that BitCoin_Bond_007 has promised to give the other 50k, as long as voting gets the first 50k.

Currently Whitepaper vote has 0 votes, meaning that either you people who complain about missing proper white paper stop complaining about it, or you go and do some voting.

After some time, we are again able to enjoy another Lucky 7 Article.

This one is about the just started DAO team voting.
What does the DAO stand for has escaped me, but idea is to have some more or less official team members for Transcendence/Telos.

Read the article for more.

A new version of Transcendence Dashboard has just today been publically released and this new version basically makes governance.rocks obsolete by making votings and other similar stuff become part of the Dashboard.

If you dont know yet what Transcendence Dashboard is, you can read about it from this previous article.

Otherwise, just head on to download the new version.

For some time now some or someone has been bloating Telos blockchain, possibly by purpose. This has been done by simply making a whole load of small transactions for each block.

Thing is, even if you send a bigger sum but it comes only from one wallet it takes only a small amount of space since the situation is basically the same as if you would be using pen and paper.

“One Million Euros from Pascal to TELOSNEWS.COM” doesn’t take much space from paper.

But:
“1 Telos to ZenH2O”
“1 Telos to Tybiboune”
“1 Telos to Lucky7”
“0.01 Telos to BitcoinBond_007 (he has enough Telos already)”

Takes much more space from paper, even moved sum was only 3.01 Telos (which will soon be more than the first examples Million Euros).

This same is also true for Blockchain. For every time someone sends Telos to some other address, there is always a mark of it. And if you own more than one address, you can keep sending Telos between your own addresses and Blockchain keeps bloating.

Actually, at the time of the last fork, Telos Blockchains’ size was about 4 Gb, now it is about 6 Gb. So it does matter.

To get rid of this most likely intentional bloater, there is now voting on Patreon with basically two options.

The first one is to increase the transaction fee. I’m actually not sure what is the current fee, but by a quick look at Explorer, it would seem to be something like 0.0001 Telos per Kb.

To use the pen and paper analogy, the more paper you need to use to write all the transactions, the more you need to pay since paper costs something for each line.

One transfer from one address to another takes roughly 0.25 Kb of blockchain space, and currently you would pay roughly 0.000025 Telos from it.

The first suggestion is to increase this fee somewhere from 1 – 10 Telos per Kb.

This would mean that transfer from one address to another would still usually be ridiculously cheap 0.25 to 2.5 Telos, which is nothing for a regular user who keeps sending bigger sums at once from one address to another.

However, for this bloater, who in one example block I checked from explorer where he made 2000 transactions with a total of about 100K Telos, this bloating would suddenly cost him about 500 – 5 000 Telos each block he does it. That is a 0.5 – 5 percent fee, and if he does that 20 – 200 times, he be out of Telos since all of that 100K Telos would have been burned and he couldn’t bloat the chain anymore.

The second option is to reduce Zero Fee Transfers. I have to say I am not entirely sure what that means, since I would imagine it simply means that each block has some certain amount of zero-fee transfers.

However, if this is the case, then I don’t really see how this would help against the bloater since as I mentioned, the example block I looked at had more than 2000 transactions. So even if there would be 100 zero-fee transactions currently, bloater is still willing to pay for the rest 1 900 transfer fee and it doesn’t seem to be a problem for him, and why would it with this low fee we currently have.

It was not mentioned how much time there is to vote, so better cast your vote sooner than later.

2nd Coin Listing for Bitdorado Pool and Exchange vote have ended yesterday, and it is bit unclear what the result is.

From below screenshot, you can see what the situation was showing at governance.rocks today and even week ago as far as I looked:

According to this, MERGE-coin would be clear winner.

However, before the deadline, I myself voted 15 votes to Biblepay coin. However, none of those votes updated to the governance.rocks.

So it remains to be seen if Biblepay will be the winner, or Merge coin, or maybe even some third one if by surprise someone else had the same problem as I did.

Anyway, this article will be updated when Pascal confirms the winner.

Tomorrow already, first voting regarding Telos fundamentals to be changed at Mandatory July fork will be ending.

To see more details about these votings, you can read from previous article in TELOSNEWS.COM.

While the first ones voting ends tomorrow, the other two votings will be ending three days later, so if you plan on voting on any of the changes, it is about time to do so, or you will be too late.

The current situation with votings is following:

Change of Stake and MN Split for TELOS 2.1.x, which is the one ending tomorrow, currently looks like it is going to be ending to be changed from 90/10 split to 80/20 split.

This option has 22 votes, which is a somewhat good difference compared to the next two options of: Keep things the same (14 votes) and 90/10 to 10/90 (10 votes).

However, since the difference is less than 10 votes, who knows what will still happen.

Change Collateral Split of Tiered Nodes is much more interesting right now, for it was only day or two ago when the situation was still very even, but today as I just moment ago checked, the situation has changed as ” Change to 100K/ 300K / 1KK / 3KK / 10KK  ” have suddenly got itself up to 34 votes

The next two favored options go quite close to each other with ” Keep them. ” having 9 votes, and ” Change to 1K/ 100K / 1KK/ 3KK / 10KK ” having 7 votes.

Personally I would have preferred votes to go to the 1k – 10kk version rather than the 100k – 10kk version, since I think it is good to have an option for 1k nodes in case you just want to have a node for whatever reason.

Anyway, I think this fight is still ongoing, as when people notice this one option has become so popular suddenly, other camps might rise to a fight too. By other words, I don’t think the decision on this one is done yet, despite the huge gap.

Change Rewards

On this one, it currently looks like mainly two options are going to fight together with ” Keep them at 100 per block ” being currently the more popular one with 20 votes, while ” Reduce them to 50 per block” have gained 12 votes so far.

The rest of the options don’t currently seem to have gained much interest at all, so when 50 per block guys wake up, perhaps they going to be putting some more votes still if they are interested enough in getting that option selected, otherwise, it seems it will be the same old same old with this one.

Okay, time to go and vote, no point in complaining a week later if you had a chance to vote today.

Governance.rocks has new voting, this time to do with Bitdorado Exchange.

Bitdorado already has or is going to have TELOS, XBTX, BIRAKE, Audiocoin.

This voting is about which other coins will be added to Bitdorado exchange, and therefore also to blue boxes and peertoro as long as suitable for them.

Currently, there are three ways to get listed to Bitdorado:
1. Contact Bitdorado and make a deal
2. Get 2 500 Votes in this voting (notice that number 1 option could be cheaper than this)
3. Get most votes when the voting ends.

Voting ends on the 22nd of April, and new voting should start after that and all the votes from this round should carry on to the second round.

However, before moving to the next round, the option number 3 – the most voted coin – should get listed to bitdorado.

As it currently stands, the winner of this round, with 29 votes, would be FLS coin, the second after that, Divi, is already clearly behind with only 4 votes, after which comes Verium and LINK with 3 votes each.

After this comes two coins with 2 votes: Biblepay and ZEC

And several with 1 Vote: Ethereum, Ravencoin, TPay, Nimiq.

The rest of the coins have no votes at all: DASH, Midas, NRG, Pivx, XZC, Cardano, Cosmos, Moqway, Grin, Tomochain.

However, there is still one and a half month of time to vote, so anything can happen, and then there is always next rounds that you can start aiming at already in this round.

Go and vote to get your favored ones listed.

So far, and by the current plan, in the future too, every July there will be a mandatory fork to update Telos.

This also gives the possibility to change some Telos fundamentals like happened last July too, and right now there are some votings going on at governance.rocks regarding these fundamentals, like Reward splits.

This article will be updated if more votings regarding the fork come up

Right now there are three different votes going on at Governance.rocks that will end about 50 days later.

The first one is about the Reward split.

Currently, we have 90/10 split meaning that each reward is split so that 90 percent of that Reward goes to Master node owner, while 10 percent goes to someone who was staking his coins.

Options for this voting currently are

Keep it as it is
80/20
70/30
50/50
10/90
100 % POS

Especially the last two, or could say even last three options are quite game-changing ideas where Proof of Stake would clearly get much bigger picture than it currently has at same time as the relevance of Master Nodes would go down a lot, and especially on last option Master Nodes would be ditched completely out of the equation while on second last option it basically means only few Master Nodes would be worth keeping instead of staking.

Right now, at the time of writing this, most votes were with 80/20, but also Keeping as it is and 10/90 had some votes too. However, with the current amount of votes – 12 to be exact from which 7 are on 80/20, it can still end in any way.

Second voting is about Collateral Split of Tiered Nodes. By other words, how much collaterals and which Tiers would be available after the July fork:

Keep them as they are
1K/ 3K / 10K/ 30K / 50K
100K/ 300K / 1KK / 3KK / 10KK 
1K/ 100K / 1KK/ 3KK / 10KK
1K / 10KK
Go POS only

Options somewhat boil down to either keeping the same, Halving the highest Tier – basically a small steps towards the original 1k only nodes, or taking one of the options with 10 Million Collateral nodes.
and of course the no Master nodes at all option as was the 100 % POS option in the first voting.

Currently, all 5 votes are on keeping them as they are option. So while amount of votes are still small enough that it can end to anything, it seems there is strong support for keeping them as it is, or perhaps people are just not wanting the 10 Million Collateral option.

Third voting is about the amount of Reward. Right now each new block produces 100 New coins (used to be 200 before the previous fork), but what will be the new one:

Keep them as it is (100 each block)
80
50
120
180

With current options we have an option to lower them a bit, half the rewards, rise them a bit, or almost double the rewards getting close to original amount of rewards.

This voting is currently most scattered among these three, with 7 votes divided between keeping them as it is (4), 80 (1), and increasing to 180 (2).

With this low amount of votes, it can still happen anything, but it looks like keeping things about as they are seem to be what most people prefer, and especially on first voting the 80/20 seems to be having somewhat strong neck compared to rest, so it might well stay that way.

In case you wish for some other options still for votings, you can send a message to votings-channel in official discord to request them, maybe they will be added, maybe not.

Some of these votings are bit interconnected together like if we take 10/90 split between master nodes and staking (the opposite of current one), then, for example, 1k/10kk collateral becomes much more viable option as then we would be talking of there possibly being only a couple of master nodes in the whole world, as from profit point of view it would make sense to have only couple of 10 Million master nodes since otherwise Staking would make you more already. This could basically means some sort of super master node with all kinds of security and power around it since income is good enough to make worth paying more to keep it superb.

All in all, except for couple of radical options, it seems changes to Telos will be somewhat small, like Rewards changing somewhere between double to half, which isn’t that big a change.

Go and vote now, there is no complaining after the voting is over if you didn’t participate in it on time.

There is a new voting in Governance.rocks titled: “Increase the OPCODE size limit to make Magnetic links fitting into an transaction”.

What this means is that Pascal has told about a plan of adding so-called Magnetic Links to Telos Chain which would make Proof of Storage option possible, by other words, making it possible to save stuff like Videos to a Chain opening up possibilities like selling Videos.

Notice however that these files would not be stored to Telos Blockchain itself, but Telos would have so-called Magnetic Links which would have links to another Chain that would be storing these, for example, videos.

This is precisely to avoid Telos BlockChain from bloating too much since imagine every user putting just one movie there and we would already be facing such a size of a Blockchain that no one would have Hard Drive big enough to contain it.

In my opinion, these magnetic links sound like a great addition to Telos Blockchain, but in case someone doesn’t like the idea, Pascal has opened governance.rocks voting about it giving a possibility to say no to it.

Basically the idea of this voting is to find if anyone wants to say no, so in case you agree to it, and no one disagrees, you don’t need to do anything but just leave it alone.

But if there does come some people who start saying “Nay” to it, then in that case you need to show your “Yea” support to it by voting if you want to see it happen.

Governance.rocks is currently having 1 new vote and 1 new bounty.

Voting has to do with Stakegrinding, which in simple terms means that someone is able to get much more staking rewards than he should and which was reported by TELOSNEWS.COM in an earlier article.

This problem can be fixed immediately, and it can be done in two different ways.

The hard way is that a new fork is needed which means that all the nodes and all would need to be set up again for the new fork.

The easier way is to simply turn the staking off completely. No staking, no rewards, not even for the stake grinders, but this means no staking then.

However, since Telos anyway has 70 percent of its coins locked to master nodes, and damage isn’t that bad, instead of doing an immediate fix, the problem can be fixed next summer when next fork is anyway going to happen.

Personally I think this problem is such a minor one, and we can expect more similar-sized problems to happen in future, that I don’t really see sense in fixing every small problem with such heavy features but let the problem exist until next natural fork and while that happens, fix the small problem along.

You anyway now have a chance to voice your opinion by picking one of 4 options:

1. Fix immediately by removing staking.
2. Fix Immediately by making a new fork (requires reinstalling all nodes)
3. Wait until next fork, but fix it by removing staking completely.
4. Wait until next fork, and just fix it.

The second new one in governance.rocks is a Donation bounty for marketing.

Telos is going to be listed at biki.com exchange, and instead of usual just get listed, this time plan is to list Telos by specific timing (decided mainly by biki.com), and by a marketing campaign.

Marketing campaign, however, costs, especially when idea is to place banners at places like MNO and coinmarketcap.

Therefore if you like the marketing campaign to be bigger, you now have a chance to donate to it.

As an additional incentive, I myself promise to donate 1 telos for every 2 Telos put to that bounty up to 100 000 Telos by the last day of this year.

Right now there are 100 000 Telos, so on the last day of this year I will be putting 50 000 Telos there more, but if you readers put there another 100 000 Telos still, then instead of putting just 50 000 Telos, I will be putting 100 000 Telos there.

Hurry up and fill up that donation Bounty!

There was voting that ended two weeks ago already on whether Telos Rewards should be split into having also some small amount for a marketing set aside, like 2-5 percent for example.

This voting didn’t gain much attention, probably since it would have required a forced update and most people prefer to have forced updates only once a year as is the current plan in Telos blockchain.

The end result was that there were only 7 votes for it, and 9 votes against it. And as far as I recall, those Nay votes came only at the end, so I guess it didn’t really spark much other interest among people except that naysayers decided to make sure it wouldn’t happen by voting enough many times at the end.

Basically I was myself thinking about Nay option as well although I didn’t vote, but have to say, after looking at all those governance.rocks bounties not getting a dime makes me wonder if I should have after all went on to vote for Yes?

Well, my guess is this voting will come up again before next forced update at which point other things like collateral and reward split between Staking and Nodes will likely come up too, so then this treasury vote will likely get more interest among people and depending upon if Governance.rocks starts getting more bounties filled or not, will likely affect my voting on the issue.

Personally I wish we wouldn’t need a forced treasury, but so far I have felt bit lonely in supporting those bounties.

Yesterday (yep, TELOSNEWS.COM is bit late this time) there came a new bounty to governance.rocks.

Appears that Dev is planning on updating the User Interface of Telos to Pivx3 style of User Interface, which I suppose means wallet, to look better and which will also make things work easier, like setting up Master Nodes would be easier with this.

This is a funny bounty in a sense that the Bounty sum is quite big actually, a total of 1 Million Telos. However, this bounty is happening regardless whether bounty is reached or not, that actually this bountys purpose is to be a thank you tip bounty for making us a better-looking User Interface.

Current estimated ETA for new User Interface is about 2 weeks.

At least until that you can show some goodwill and encourage also future development of Telos by showing your appreciation by giving something to the bounty.

I don’t think the amount matters as much as the number of donators. Several people putting just 1 000 or even just 100, is probably better than one putting the whole Million.

That in mind, head on to donate some Telos there.

It appears theres been an error in DASH coin base ever since 2017, however, it wasn’t such a problem until now, since now someone has released a tool to utilize this error and create so-called Phantom nodes to the network.

Now don’t get worried yet, as Dev pointed out this is more of an ethical question in nature rather than a big problem.

These Phantom nodes appear to the network as nodes when they actually are not. The idea with running a node is that node has a copy of the blockchain and helps the network. These Phantom nodes, however, do not have a copy of the blockchain, but instead, they take all the necessary info directly from explorer to spoof as a node.

However, these Phantom nodes do require having the collateral still, making the problem much more minor since they can’t really affect the whole economy much. The only thing they basically do is that they don’t contribute to the network at all and from the economics point of view, only benefit they have is that they don’t need to pay a monthly cost for running the node.

However, there is now voting at governance.rocks if people wish Telos be updated to fix this phantom issue or not, since fixing would require forking, which is not a small thing as we saw last time in July.

One option is to fix it immediately, another is to fix it 10 months later on Telos birthday when there is planned to be another update and fork anyway and let them be until that, or the third option is to do nothing at all about them.

As an additional benefit, when making the fork as soon as possible some other things could be fixed, like blocksize increased from 100k to 200k, since 100k has already reached its limit in Devs hand a bit and, I suppose, split blockchain problem would go to history as well, unless another split would be born from this.

Also, as last benefit would be that so far Telos would be the first coin in world to become phantom resistant. Who knows, perhaps someone would even report about that.

Go voice your opinion at governance.rocks and while at it, why not take a look at other votes/bounties too.

Looks like today is promising to become a good day for those looking to read articles about Telos, for we already have one article to read today and as it is Monday, we expect Lucky Seven to release his usual Monday article at a later point too.

Crypto Masters has released their article titled “Telos 2.0: A Centralized Vision For Decentralized Innovation” which tells quite a lot of things about Telos, mentioning Aeguana, Bluebox, etc. and also telling about Telos 2.0 changes, like the Tiered model.

Now you can go and read the whole article, which is pretty long actually, and after you are done reading, perhaps come back to check if Lucky Seven has already released his Monday article, for TELOSNEWS.COM will, of course, tell you about that too when it happens.

Dev have just announced he have got DUNS number to Apple Appstore.

What does this mean? It means Dev can release stuff to Apple Appstore, and this includes the possibility to release Telos iOS wallet, and this is actually what he plans to do, except, there’s a little catch. Telos community needs to step up a little.

You might have noticed this pinned post about Android wallet for free.

Dev now says that not only will Android wallet become free when 400 000 Telos is collected on this bounty, but also iOS wallet will become free, and also released, when this Bounty is reached.

We are halfway there already, so open up your wallets and put your Telos flying towards that Bounty

To help with this effort, Dev have even made an appealing offer for all the Bluebox owners. If you own a bluebox, and you donate at least 40k Telos in this bounty, then your usual 64k Telos in blueboxes will be upgraded to 100k. This means that by donating 40k Telos, you are actually getting back 36k, by other words, you donate only 4k Telos in practice, now how little is that?

I would hurry up if I be you, theres space for only 5 more upgrades anymore, then the bounty is fulfilled and rest will miss this chance.

What happens at gamescom don’t stay at gamescom

As previously reported by TELOSNEWS.COM Gamescom was held from 20 – 24th of August 2019 and Telos was present there too.

In Addition to Dev hitting High Score at IK+ and our previous report about Retrodragonbox shop stocking IndieGO Console, lots of other things happened .

Lucky for you, you don’t need to find out about them yourself but TELOSNEWS.COM is here to give you a roundup of what Dev has so far revealed.

It appears Bluebox is going to be getting some sort of add-on regarding mining. This add-on will be designed by people experienced in FPGA based devices, and among their belly is, for example, the fastest Classic Amiga computer card currently existing.

Return Magazine is one of bigger Retro Gaming magazines, although in Germany only. Regardless, they are about to make an article about IndieGO Console and Telos.

Another magazine going to be making an article is Amiga Future Magazine, the biggest Amiga Magazine in the world and the one with whom Dev shared the booth with.

Speaking of Amiga, it seems Telos is about to get a strong foothold among Amiga Community.

First of all, there were talks of co-operation with Hyperion Entertainment, which is the company behind current official Amiga Operating System called AmigaOS4, and they have also made some amazing game and other ports to Amiga, including some drivers like graphics drivers for example.

Hyperion is also important for many Amiga Users in that to some of them it symbolizes the real Amiga way.

One of the things Hyperion was interested was selling IndieGo Consoles games for Amiga Computers. What makes this especially interesting is that new IndieGO games require the IndieGO AppStore to be present on the Amiga, making much more people get IndieGO Appstore to their Amigas.

This will then open up the next possibility which was talked, which was talks about funding future Amiga projects through governance.rocks. This would naturally make sense if lots of Amiga users are already having IndieGO Appstore in their machines and therefore are already used to using Telos coins for their purchases.

Amiga community is not only one to adopt IndieGO Appstore soon, but as was mentioned in the previous article shortly was mention about dragonbox shops Pyra handheld Device starting to sell also IndieGOs games in there. But what was left out was that dragonbox shop is actually planning to add IndieGO Appstore to these devices. With 7 500 sold Pyra Handheld devices, this gives quite a nice new potential for Indiego AppStore customer base growth.

There were naturally more talks with people, but worth a mention still is a man named Trevor Dickinson. Trevor is a Business Angel from New Zealand, and as it happens to be, one of his angel companies has something to do with Cryptos and he decided to put our Dev in touch with them. Will this result in anything? Who knows, but maybe even something big. Trevor and Dev are even planning to meet again at October in another event.

Another interesting thing that Dev got from the gamescom was that he found out a bit about how to publish a paper magazine and now he is giving a thought to publishing he’s own cryptocurrency magazine. Will this happen? We might find out in coming weeks as Dev finds out more about it.

See, this exactly why you need to read TELOSNEWS.COM. Just imagine how long finding all that would have taken you.

In Governance.rocks you might have noticed that not so long ago, Dev promised to make Android wallet free, and perhaps even make iPhone version of Wallet2.0, as long as people are willing to donate 400 000 Telos.

Well, good news – 200 000 of that goal have already been crossed and broken, bad news – there is still another 200 000 missing.

If you like to join the “Free Android Wallet”-movement, you may do so by donating some of your Telos coins in here:

https://governance.rocks/details?id=29