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Messages - bitcrab

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1546
中文 (Chinese) / Re: 改一下bitCNY的参数?
« on: April 29, 2016, 10:09:05 am »
@wuxuqiang

强清当然是风险,而且是很大的i风险,只要发起强清,就可以把抵押率最低的生产者强清掉,你也许不是最低,但总有最低的生产者被强清,哪怕你的抵押率是3,是4,只要别人都比你高,你就要被强清。

BTS涨不涨shorter都有利益,好比你有一栋房子,不管房价涨不涨,如果你把房子抵押给银行,银行就贷款给你,还不收你利息,你说有没有利益?
是不是有点矛盾了,如果随便怎么short都有利益,那么多承担点风险应该的,何必还要补贴?

有利益也有风险啊,而且持有者也有利益,持有者发动强清的权力是一个很大的利益,归根结底是双方的利益和风险如何平衡的问题。个人觉得1%是相对比较平衡的一个点。

1547
中文 (Chinese) / Re: 改一下bitCNY的参数?
« on: April 29, 2016, 07:25:57 am »
@wuxuqiang

强清当然是风险,而且是很大的i风险,只要发起强清,就可以把抵押率最低的生产者强清掉,你也许不是最低,但总有最低的生产者被强清,哪怕你的抵押率是3,是4,只要别人都比你高,你就要被强清。

BTS涨不涨shorter都有利益,好比你有一栋房子,不管房价涨不涨,如果你把房子抵押给银行,银行就贷款给你,还不收你利息,你说有没有利益?

1548
中文 (Chinese) / Re: 改一下bitCNY的参数?
« on: April 29, 2016, 02:47:00 am »
这个改动不需要干别的,只需要理事会改动一个参数投票通过以下,除了强清不影响别的。

生产者和持有者各有各的利益和风险,生产者的主要风险是被强清,持有者的主要风险是资产的可接受程度低,没地方用。在0补偿的情况下,生产者的风险更大,因为生产者被强清的时候根本没有选择。

而且从逻辑上讲,你要来强行从我这买走我抵押的资产,你就应该付出一定的代价,毕竟在没爆仓的情况下让我直接按清算价卖给你是没有道理的。MAKER设计强清的时候也是有补偿的。而且1%的补偿已经很低,xeroc就一直认为补偿应该是2-3%才合适。
当然这是个需要平衡的问题,我认为1%已经基本够了,再多可能就影响持有的意愿了。

BTS现在主要亮点在于锚定资产+去中心化交易所,去中心化交易所需要锚定资产作为交易货币(不然就只能指望IOU,就像现在OPEN.BTC成为不少资产的主交易货币一样,这不是不可以,但如果能让锚定资产成为主交易货币不是更好吗?),需要降低生产者对强清的担忧,才能保证有足够的锚定资产供应。

把流动性做起来才是根本,不能总指望BTS涨价,我现在计划之一就是以bitCNY为交易货币把小蚁股的交易做起来,这需要更多的人来short。



1549
中文 (Chinese) / 改一下bitCNY的参数?
« on: April 28, 2016, 02:03:17 pm »
当初我创建TCNY时候,主要出于两个原因,一是bitCNY有些缺点,二是我把TCNY搞成主要交易用货币后可以用来收费挣钱。
但是私有智能货币毕竟在公信力上无法和公共的相比,我感觉,要想让TCNY获取最大信任,可能只有将其transfer给comittee-account,可是这样做还不如改造一下bitCNY,依然主推其主角地位,TCNY就随它去。这样也可以避免用户资金的分散。

这段时间bitCNY和TCNY的不同表现也可以看成是一个实验。bitCNY被接受的程度依然远胜TCNY,但一个有趣的情况是,TCNY1%的强清补贴的确鼓励了shorter,减轻了他们对强清的担心,目前我手里有大约5万TCNY,但并没有债务,也就是说在我之外有不少人都愿意short TCNY,而我反而没机会了。

所以如果把bitcNY的强清补贴从0改到1%, 相信也会有效提升bitCNY的供应量。

关于最大强清量,我今天才知道这个是每小时最大强清量,而不是像我以前认为的那样是每天最大强清量 https://bitsharestalk.org/index.php/topic,22333.msg291065/topicseen.html#msg291065 那么现在的每小时2%依然显得太大,改成0.5%感觉是一个比较合适的量。

怎样?



1550
General Discussion / Re: a bug in force settlemenct of smartcoin?
« on: April 28, 2016, 10:59:51 am »
got it, thanks svk.

1551
General Discussion / a bug in force settlemenct of smartcoin?
« on: April 28, 2016, 09:03:39 am »
for private smartcoin TCNY the parameter maximum_force_settlement_volume is set to 2%

recently TCNY has a supply less than 150000, means the maximum force volume will be no more than 3000, however yesterday I tried to issue a settlement of 4000 TCNY, the command is executed w/o any error and today I saw the settlement is finished.

does this mean the 2% setting do not perform any limitation or I misunderstand this parameter? 


1552
General Discussion / Re: BitARS - SmartCoin Petition
« on: April 27, 2016, 02:21:50 pm »
Worker is created and can be seen on cryptofresh.

http://cryptofresh.com/workers

Our idea is to grow bitshares ecosystem by being able to use our own argentine smartcoin, for business, for POS systems and for apps like ECHO, so plz support our worker.

*The smartcoin and the remaining funds will be sent to Committe Account after creation.

and after 90 days, the cash back will be returned to the reserve pool, right?

1553
General Discussion / Re: BitARS - SmartCoin Petition
« on: April 17, 2016, 01:25:07 pm »

Hey @bitcrab ,

Thanks for your input, I was also going to ask you what paremeters you thought were appropriate, given you have experience creating and runnnig a few smartcoins.

I agree that we need encourage shorters, in my opinion we should have something similar to TCNY :

"force_settlement_offset_percent": 0 ~ 1%,
 "maximum_force_settlement_volume": 2%,

Now, I wanted to ask you @bitcrab, if as a Committee member you could create and put up the worker proposal?, we can create a different forum thread explaining the proposal so that it can be linked to the worker.

We will provide all the votes from argentinian members and I dont think we would have much resistence from other voters since the fees for creatig the asset will go back to the network.

Nota: @rnglab Gracias por tu bienvenida amigo, creo que Argentina se merece una smartcoin, un abrazo!

I just discussed with some committee members, currently no problem, just need some more time to get opinion from enough members and coordinate on how to do it.

 "force_settlement_offset_percent": 0 ~ 1%  need to determine 0 or 1%.

as a shorter of CNY, my debt position has been force settled for several times, but step by step I found this is not a big issue, in almost all the times I can hedge the risk by operate in negative direction in ex-markets. for TCNY, up to now no real force settlement happens, in other words, this liquidity-making method is not used for TCNY.

so I suggest to check whether there is BTS/ARS ex-market with enough depth for shorters to easily hedge risk, if no then 1% should be better than 0. if yes 0 should be better.

1554
General Discussion / Re: BitARS - SmartCoin Petition
« on: April 16, 2016, 12:20:10 pm »
below are the settlement relevant parameters of CNY.
Code: [Select]
"options": {
    "feed_lifetime_sec": 21600,
    "minimum_feeds": 3,
    "force_settlement_delay_sec": 86400,
    "force_settlement_offset_percent": 0,
    "maximum_force_settlement_volume": 200,
    "short_backing_asset": "1.3.0",
    "extensions": []
  },

in which these 2 need to discuss:
 "force_settlement_offset_percent"
  "maximum_force_settlement_volume"

current setting for different assets:
USD(also default setting):
 "force_settlement_offset_percent": 0%
  "maximum_force_settlement_volume": 20%

CNY:
 "force_settlement_offset_percent": 0%,
  "maximum_force_settlement_volume": 2%,

TCNY:
"force_settlement_offset_percent": 1%,
"maximum_force_settlement_volume": 2%,

when settlement feature firstly comes, we are somehow scared and even had tried to close the settlement feature of CNY, and at last the discussion ended at reducing the force settlement volume from 20% to 2%.

settlement bring liquidity and make bitasset more acceptable, but it discourage/hurt shorters, so this is a problem of balance, I created TCNY as I have thought the settlement launcher need to compensate some price to the shorter, maybe 1% or 2%.

but now I changed my mind a little, seems even 0% compensation is OK, but 20% maximum settlement volume is too high, so I advice to set ARS parameters like this:
 "force_settlement_offset_percent": 0%,
 "maximum_force_settlement_volume": 2~5%,



1555
General Discussion / Re: BitARS - SmartCoin Petition
« on: April 16, 2016, 03:15:22 am »
In order to create a 3-letter asset, the fee is 1,174,108 BTS. See https://cryptofresh.com/fees
Currently there are 1,422 BTS on the committee-account. See https://cryptofresh.com/u/committee-account

Even if this 1,422 BTS is permitted to be used to create the asset, we still need more than 1.17M BTS. How to get them? worker proposal? Or someone will donation?

By the way, if you have enough fund already, and willing to create the asset with that fund, you can change the owner of the asset to committee-account at any time.

It doesnt have to be 3 letters, it can be BitARS, which would cost aprox 1.500 for a lifetime member, I can create it and then transfer it to the Committe, however the real help here would be pushing the feed to the master so that the coin has a decentralized feed price, do you think this could be possible?

FYI:  In order to avoid confusion between fiat BitAssets and their various fiat UIA counterparts, the BitAsset versions are displayed in the UI with "bit" as a prefix.  So for example, instead of USD, it's bitUSD.  The reason I'm pointing this out is because if you choose "BitARS" as your symbol, then it will display in the UI as bitBitARS.  That doesn't seem desirable at all.

Thanks for that info..

I dont think paying more than 1.000.000 BTS for the asset is a viable option, unless we create a worker.. another option would be to create bitARGSP

So I could create ARGSP, which is a five letter word and cost me 1.500 bts aprox, then pass it on to the Committe, would that work?

Seems it would be most desirable to use the proper 3-character ISO code "ARS".  Why not do a worker proposal to accomplish that?

Yes, I agree.

We can do a worker proposal, create the asset and pass it over to the Committee, or the Committe could create the worker proposal and create the smartcoin.

I prefer the second option personally, that way everything is more official. Also, the fees of creating this coin will go back to the network so there will be no dilution here.

I suppose if the worker doesnt get funded we always have the option of creating a 5 letter smart asset, but we would be like the bastard son of smartcoins hehe

I prefer to let the committee create the worker proposal and create the smartcoin.
however, I think Argentina community should consider the parameter setting of ARS and propose- whether the default value is ok or some special setting is needed, especially for the settlement related parameters.

1556
why not wait the week it takes to have omni group aded to OL, an then use the official Tether asset of OL?

On top not sure how tether.usd is possible when I have the asset TETHER already?

Either way could be nice to co ordinate these effortss for the good of BTS community.

Rgds

Ronny

sorry seems I forgot/neglected what you replied in other thread, so CCEDK will introduce tether as other existed currencies, there will be an asset named OPEN.TetherUSD, right?
anyway there will be no conflict, in my model no need to create asset with tether in name.

1557
General Discussion / BitUSD<->Tether.USD conversion service launching
« on: April 07, 2016, 07:52:40 am »
to make smartcoin more senseful in the whole economy, now transwiser launch the service for conversion between BitUSD andTether.USD.

for details, please check http://www.transwiser.com/index_en.php

now the service is provided manually yet, we'll try to make it automatically in the recent future.


1558
@dannotestein then let's continue to discuss this at the end of April, have a good holiday.

@BunkerChain Labs yes I think this work proposal have chance to continue, if the price can be limited in a relatively reasonable level, we should support useful and efficient work, if it is not over paid.


1559
目前暂时手动服务,手续费千五,欢迎惠顾。http://transwiser.com/

1560
in China Community discussion seems the main point for this worker proposal is:

the price is too high.

as:

1.the job is normal maintenance/update job.
2.comparing to the date this proposal is created, the price of BTS has rised a lot.

so maybe a 20~30k  perday price is reasonable in current date?

I don't think I got enough knowledge and information to give such a suggestion, but I hope this can be a starting point for discussion.

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