The Chinese community is upset over BTC38's non-response

[Rune]

We don't even need to have active IOU to bitshares markets for price discovery. Delegate price feeds can just measure the peg of bitassets instead, and then multiply the internal market rate with the peg deviation to produce the feed for minimum short price, or let bitassets be shorted freely if there is no peg deviation (say within 1% error margin).

[xeroc]

We don't need centralized exchanges for price discovery. We could use bitcoin gateways instead. Then price discovery (and purchasing BTS directly with "bitcoins") is possible on our decentralized exchange. No counterparty risk for the BTS being traded (just the "bitcoins") and more importantly voting rights are kept in the hands of the stake owners and not the exchanges.

Totally agree here .. !!

This is how I hope we do price discovery for DVS. We just need julian1 and/or monsterer to set up GATEBTC for DevShares.

Also, I would love it if we could have a BitShares Standard Gateway for ECDSA coins to further reduce the counterparty risk.

Thinking bigger Brian :)  +5%

[btswildpig]

It's an issue of the DNS compensation thing . People feel like they're not getting the proper amount that I3 provided .
They can not agree upon on the same math .

[arhag]

Its a chicken and egg problem with all mayoe exchanges. .. we need them to trade bts for price discorvery yet we dont like them to store alot of bts for security reasons

We don't need centralized exchanges for price discovery. We could use bitcoin gateways instead. Then price discovery (and purchasing BTS directly with "bitcoins") is possible on our decentralized exchange. No counterparty risk for the BTS being traded (just the "bitcoins") and more importantly voting rights are kept in the hands of the stake owners and not the exchanges.

This is how I hope we do price discovery for DVS. We just need julian1 and/or monsterer to set up GATEBTC for DevShares.

Also, I would love it if we could have a BitShares Standard Gateway for ECDSA coins to further reduce the counterparty risk.

[xeroc]

Its a chicken and egg problem with all mayoe exchanges. .. we need them to trade bts for price discorvery yet we dont like them to store alot of bts for security reasons (see NXT) .. sucks ..

Still not directly a problem of this community and i fear the bigger part of the forum just cant approach btc38... but we should try to keep FUD low

[btswildpig]

It's a BTC38 matter anyway . I'll tell their staff to try to get the boss on this matter again .

[LRENZ]

I still have no idea what the issue is here. I can't read Chinese  :-\

[cube]

From their earlier correspondence, it seems BTC38 realised some discrepancies in their calculation and promised to investigate and provide a formal announcement.  This announcement never come to past.

https://bitsharestalk.org/index.php?topic=13529.msg179230#msg179230

[xeroc]

Responds to what?

[cube]

The Chinese community has been craving for a response for long to no avail.  I hope someone can help them.

https://bitsharestalk.org/index.php?topic=13529.msg184391#msg184391