[POLL] Possible committee actions to help with liquidity

[puppies]

Thanks abit.  Do you want to create the new proposal or would you prefer someone else do it?

[abit]

The poll at the top of this thread shows people are broadly in favour of selling the bitasset trade fees that have been accumulated.

yet only @mindphlux  @dele-puppy and @BunkerChain Labs  have approved it:  http://cryptofresh.com/p/1.10.48

Could @baozi @bitcrab @bitcube  also approve this action please.

how many people found the amount in this proposol is not correct?

//Update
Confirmed.
I've submitted a pull request which contains a fix to the script.
We need to propose a new proposal.

//Original post
Thanks for mention this. I checked and found that at least "asset_id" of "fee"s are strange. @xeroc ?

Code Select Expand


"fee": {
    "amount": 668,
    "asset_id": "1.3.120"
  },


Proposed operation for claiming EUR fees:

Code Select Expand


{
  "fee": {
    "amount": 668,
    "asset_id": "1.3.120"
  },
  "issuer": "1.2.0",
  "amount_to_claim": {
    "amount": 8899500,
    "asset_id": "1.3.120"
  },
  "extensions": []
}


Available EUR fees (less than the amount above):

Code Select Expand


[{
    "id": "2.3.120",
    "current_supply": 9223814,
    "confidential_supply": 0,
    "accumulated_fees": 102449,
    "fee_pool": 3234216787
  }
]


[JonnyB]

The poll at the top of this thread shows people are broadly in favour of selling the bitasset trade fees that have been accumulated.

yet only @mindphlux  @dele-puppy and @BunkerChain Labs  have approved it:  http://cryptofresh.com/p/1.10.48

Could @baozi @bitcrab @bitcube  also approve this action please.

how many people found the amount in this proposol is not correct?

where can we see the collected trade fees on the gui or cryptofresh.com ?

you even don't know abou this, so how dare you encourage people to support this proposol?
I want ask you all again, is BTS just a play game or a serious business?

I understand market mechanics well, I'm a trader.  I can't code and I don't use the CLI client.
I understand what's being discussed and proposed.
I can see it now in both GUI and cryptofresh.   its called "Unclaimed issuer income" on the gui and just "unclaimed" on cryptofresh sorry I didn't see it before.
I still don't understand fully understand the procedure to access these funds.  Is it in a normal bts  account controlled by the committee through multisig or what? please explain where these funds are held and exactly how they could be accessed for sale.

[alt]

The poll at the top of this thread shows people are broadly in favour of selling the bitasset trade fees that have been accumulated.

yet only @mindphlux  @dele-puppy and @BunkerChain Labs  have approved it:  http://cryptofresh.com/p/1.10.48

Could @baozi @bitcrab @bitcube  also approve this action please.

how many people found the amount in this proposol is not correct?

where can we see the collected trade fees on the gui or cryptofresh.com ?

you even don't know abou this, so how dare you encourage people to support this proposol?
I want ask you all again, is BTS just a play game or a serious business?

[JonnyB]

The poll at the top of this thread shows people are broadly in favour of selling the bitasset trade fees that have been accumulated.

yet only @mindphlux  @dele-puppy and @BunkerChain Labs  have approved it:  http://cryptofresh.com/p/1.10.48

Could @baozi @bitcrab @bitcube  also approve this action please.

how many people found the amount in this proposol is not correct?

where can we see the collected trade fees on the gui or cryptofresh.com ?

[alt]

The poll at the top of this thread shows people are broadly in favour of selling the bitasset trade fees that have been accumulated.

yet only @mindphlux  @dele-puppy and @BunkerChain Labs  have approved it:  http://cryptofresh.com/p/1.10.48

Could @baozi @bitcrab @bitcube  also approve this action please.

how many people found the amount in this proposol is not correct?

[cube]

The poll at the top of this thread shows people are broadly in favour of selling the bitasset trade fees that have been accumulated.

yet only @mindphlux  @dele-puppy and @BunkerChain Labs  have approved it:  http://cryptofresh.com/p/1.10.48

Could @baozi @bitcrab @bitcube  also approve this action please.

Please see https://bitsharestalk.org/index.php/topic,19542.msg270157.html#msg270157

We are in the middle of a discussion.

[Akado]

If I'm not mistaken, baozi/ @alt has agreed to it too in some reply either to this thread or the one I made on the trading discussion section

[JonnyB]

The poll at the top of this thread shows people are broadly in favour of selling the bitasset trade fees that have been accumulated.

yet only @mindphlux  @dele-puppy and @BunkerChain Labs  have approved it:  http://cryptofresh.com/p/1.10.48

Could @baozi @bitcrab @bitcube  also approve this action please.

[xeroc]

The revie period for committee desicions is a blockchain parameter (currently 1h only) .. i put a 2 weeks expiration for the proposal itself .. that leads us a 2 weeks of time to come up with a reasonable idea hoe to proceed ..

Thanks for the clarification!

[abit]

I think the review period is before the proposal expiration and no one can vote during the review period.

I don't think so. If no one can vote, how to "review"?

The review period is for shareholders to review their vote for their committee members and they can vote out the active members and vote in other non-active members.

You are correct. I've updated my post.

[cube]

I think the review period is before the proposal expiration and no one can vote during the review period.

I don't think so. If no one can vote, how to "review"?

The review period is for shareholders to review their vote for their committee members and they can vote out the active members and vote in other non-active members.

[abit]

I think the review period is before the proposal expiration and no one can vote during the review period.

I don't think so. If no one can vote, how to "review"?

//Edit:
According to the comments in the code, the review period is a configurable parameter, and it should be able to voting during the period:

Code Select Expand


   FC_ASSERT( !o.review_period_seconds || fc::seconds(*o.review_period_seconds) < (o.expiration_time - d.head_block_time()),
              "Proposal review period must be less than its overall lifetime." );

   {
      // If we're dealing with the committee authority, make sure this transaction has a sufficient review period.

https://github.com/bitshares/bitshares-2/blob/bitshares/libraries/chain/proposal_evaluator.cpp#L39-L43

//Edit2:
I may be wrong here. Will check. If it's the case I'll update the post later.

//Edit3:
According to the code, it's unable to approve the proposal during the review period (don't know if it's possible to decline an earlier approval though). And sure it's possible to vote in/out who approved the proposal from committee -- this action is called "review".

Code Select Expand


   if( _proposal->review_period_time && d.head_block_time() >= *_proposal->review_period_time )
      FC_ASSERT( o.active_approvals_to_add.empty() && o.owner_approvals_to_add.empty(),
                 "This proposal is in its review period. No new approvals may be added." );

https://github.com/bitshares/bitshares-2/blob/bitshares/libraries/chain/proposal_evaluator.cpp#L113-L115

[cube]

Thanks for the efforts.
"Review begins in 14 days" Can it be earlier?

Sure .. but only with a new proposal. I think we should take the 2 weeks and figure out what to do with the funds and not rush into something .. This would also allow me to properly code a script and test it until the funds are release (or not)

Maybe you can enlighten me about a detail: Is the review period right before the expiration of a proposal or is the review period first and no one can vote within that period?

Thanks for putting up the work and giving the committee members some time to discuss the matter and come up with an action plan.

I think the review period is before the proposal expiration and no one can vote during the review period.

[abit]

Thanks for the efforts.
"Review begins in 14 days" Can it be earlier?

Sure .. but only with a new proposal. I think we should take the 2 weeks and figure out what to do with the funds and not rush into something .. This would also allow me to properly code a script and test it until the funds are release (or not)

It makes sense to me.

Maybe you can enlighten me about a detail: Is the review period right before the expiration of a proposal or is the review period first and no one can vote within that period?

I think it's more likely to be the former.