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Messages - R

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856
You shouldn't store your BTS on centralized exchanges, trade within the BTS DEX!

857
General Discussion / Re: Cryptofresh update, feedback
« on: June 27, 2017, 11:22:14 pm »
I'd fully support a worker proposal for cryptofresh development if it is fully open sourced.
Likewise, I'd upvote any steemit posts about its development.

Thanks for all the work you've dedicated to bitshares.

858
General Discussion / Re: Should BTS DEX buy into the EOS ICO?
« on: June 26, 2017, 01:21:43 pm »
Given a BSIP explaining the intentions behind buying EOS, perhaps.. otherwise this just looks like gambling.

859
Looks good thus far, have you considered a worker proposal so you can spend more of your time developing this?

Keep up the great work! :)

861
I don't know what payouts are we talking about here if in another thread core bitshares dev complains that bitshares reserve can't afford hiring a team of devs to fix essential flaws.
It's absurd to suggest that the BTS DEX cannot afford developers, the reserve pool has hundreds of millions of Dollars in BTS at its disposal. The higher BTS gets in marketcap, the higher the reserve pool becomes.

So why not start spending these funds for hiring a team of professional developers first?

You don't hire someone without first coming up with tasks for them to perform. I have created a BSIP (working on splitting it in two), thus this feature request has taken a step towards potentially being developed.
Worker proposals can now be created from within the GUI, not just the CLI - we'll likely see more activity.
Point is, if someone's saying that we can't afford 'x' then they're wrong, people just need to take the initiative to work on proposals.

862
I don't know what payouts are we talking about here if in another thread core bitshares dev complains that bitshares reserve can't afford hiring a team of devs to fix essential flaws.
It's absurd to suggest that the BTS DEX cannot afford developers, the reserve pool has hundreds of millions of Dollars in BTS at its disposal. The higher BTS gets in marketcap, the higher the reserve pool becomes.

863
General Discussion / Re: BitCNY Price discrepancy
« on: June 22, 2017, 03:18:56 am »
Vote for witnesses who provide accurate price feeds.

864
General Discussion / Re: DNS
« on: June 21, 2017, 09:27:58 pm »
l did ask them quite  a few times this is Bter last repond
The BTS for DNS is yet to be distributed


If that's what they're telling you, then they're lying.

865

The BSIP doesn't provide a solution to Yield Harvesting because it doesn't create the issue in the first place. Profits would be sharedropped onto asset holders on a scheduled basis; this proposal is not vulnerable to the 'Yield Harvesting' issue that 'Socialized yield' was.

Please explain. AFAICS BSIP-0019 proposes to pay dividends on bitassets (among others).

What stops me from using my BTS for shorting bitassets into existence and keeping them in my wallet, with the goal of collecting dividends for them?

There's nothing preventing you locking up your BTS as smartcoins for the long term, by doing so you are removing BTS from the liquid supply and become eligible for earning dividends.

To avoid abuse of this mechanism we could evaluate the average asset holdings since the last dividend payment or only allocate dividends for the time that these assets have been in an user's wallet for (if the user has held the coins 14 of 30 days in a 30day dividend schedule, they only receive the 14days worth of dividends).

866
AFAIK the recent profit of our DAC stems from a giant refund paid by Xeroc's worker. We're far from a situation where the fees regularly exceed our costs.

Your BSIP lacks a solution to the Yield Harvesting problem.
The previous estimate of 1 million BTS in fees per month is approx $320k, given that value was $6k when this thread started I believe the proposal is even more viable. It's up to the committee to figure out fees pegged to the dollar/cny so that we have accurate witness pay (and increased profitability of the DEX).

The BSIP doesn't provide a solution to Yield Harvesting because it doesn't create the issue in the first place. Profits would be sharedropped onto asset holders on a scheduled basis; this proposal is not vulnerable to the 'Yield Harvesting' issue that 'Socialized yield' was.

---

I'm splitting the BSIP in two - one for UIA, another for MPA.

868
Count me in!

I'll replicate my post from steemit:

Bitshares Roadmap?

Could we update the Bitshares roadmap https://bitshares.org/roadmap.html ?  The last entry in the current roadmap on the official bitshares website is Feb 2016.

Funding BSIPs/Worker proposals!
We've got this massive reserve pool of funds to potentially fund development - it's literally in the hundreds of millions $ range!

Some may argue that users who fear BTS dilution will reject all worker proposals, however I believe this was only the case a couple years ago for Bytemaster due to political reasons. Given how less BTS will be distributed now due to the current marketcap, this may not be as serious of a concern anymore.

I feel that there are two things blocking worker proposal attempts:
* Inability to create worker proposal via the GUI. ([Bitshares-UI issue raised!](https://github.com/bitshares/bitshares-ui/issues/173)
* Having to create a worker proposal to request funds for potentially developing features for the Bitshares DEX. I feel that requesting payment may be a daunting task, putting users off. If we were able to create bounty proposals to advertise the need and support of a potential [BSIP](https://github.com/bitshares/bsips) we'll successfully recruit developers. Thoughts?

Writing up BSIPs after discussion!
After coming up with a great idea, or holding a discussion about a possible idea we need to make a habit of writing up a [BSIP](https://github.com/bitshares/bsips) to get action going on new features.

Case and point, I still need to write up a BSIP for 'Earning interest/dividends on bitassets' (The forum post has 3000+ views and 9 pages! https://bitsharestalk.org/index.php/topic,23981.0.html)

Shoutout to BSIPs
https://github.com/bitshares/bsips/blob/master/bsip-0017.md (Revive BitAssets after global settlement - Peter Conrad; Stagnated.)
https://github.com/bitshares/bsips/blob/master/bsip-0018.md (Revive BitAsset through buying Settlement Pool - Fabian Schuh; New!)
https://github.com/bitshares/bsips/blob/master/bsip-0005.md (Expiring Votes for Witnesses - Fabian Schuh; Stagnated.).

869
Yes. Bitshares should be one of the main exchanges that PPY is traded on!

870
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: June 07, 2017, 06:38:23 pm »
Wackao responded to the Github Issue: https://github.com/wackou/bts_tools/issues/24#issuecomment-306741609
"Thanks for the suggestion, I like the idea! Not sure if it's going to be useful (don't have enough understanding of economics yet), but just the fact that we are able to try things like that on BitShares is plain awesome.
A bit busy with the launch of PeerPlays right now, but I'll give it a try soon :)"

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