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Messages - Chronos

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286
Good luck convincing many friends to buy shares in a centralized blockchain with shareholder directed dilution  ;)

Good point. In fact, BTS is in a bit of a stranglehold with Cryptonomex, through no fault of its own:

  • The majority of voters can vote in new worker pay via dilution
  • Cryptonomex (and/or like-minded founders) controls a majority of "active" votes, partly due to voter apathy
  • Therefore, Cryptonomex can vote in worker pay for itself (which it does)

So, as a matter of opinion, you might conclude that significant trust must be placed in Cryptonomex not to over-dilute, in the same manner that citizens trust their central bankers.

It's not easy to "fix" this.

287
General Discussion / Re: Mutual Aid Societies
« on: December 21, 2015, 07:14:20 pm »
In the same way, society has effectively nullified copyright law (for personal use). 
I completely disagree. Perhaps your peers have done so, but I feel confident that the majority has not. For example, ask a sampling of Americans if they think it's OK to pirate the new Star Wars movie, and watch it for free (for personal use).

If this were OK, the movie would likely not have been produced, since it would not earn nearly as much revenue.

288
General Discussion / Re: BARRAS Fixed-Income Investments
« on: December 21, 2015, 06:59:36 am »
I believe this will turn out to be a scam.

Ask yourself: why does this person wish to "borrow" for so short a time?

You have been warned.

289
if anyone can help find the Hacker and find those coins back, i will pay all the bitcions to you. just want the name of hacker.
Wait... you will pay 800 bitcoins (current value $360000 USD) in order to recover 3 million BTS (current value $11000). That doesn't seem quite right to me.  :o

290
If Bitcoin is vulnerable, then it doesn't really (yet) matter if Bitshares is, I think. Bitcoin would be attacked first, which would give us time to react.

You don't have to outrun the bear.  ;)

291
Stakeholder Proposals / Re: GUI development worker - svk
« on: December 16, 2015, 12:03:48 am »
Does this mean you will no longer be a contractor for Cryptonomex?

292
So just leave the taker fee as-is, and instead have the network discount the maker fee.
Unfortunately, I don't think this can work, because the network can't detect self-trades to collect the network bonus. If completing a trade creates free BTS, everybody in town will be gaming the system.

293
At the moment, the assets are pretty hard to value, though.
My question isn't about valuing UIAs. I'm pointing out that BTS that's currently locked as collateral doesn't appear in the BTS richlist at all.

294
This richlist is nice. One point of feedback: it does not consider BTS that is locked up as Bitasset collateral as part of the BTS balance. Is there a richlist that correctly interprets collateral positions?

Thanks!
great question chronos. :)

#btstip "chronos" 1 HIGHFIVE
Thanks, but I lost the keys to my "chronos" BTS name during 0.9. When we rolled to BTS 2, I never ran an import, because I didn't have keys. @James is there any way to recreate the account on the new chain?

295
The kind of advertising we need right now is education based marketing

create a bunch of videos and teach people how to use our products.
I proposed to do exactly that in this thread: Delegate idea: Chronos Crypto Videos. More details and discussion in this thread: Walkthrough videos you would you like to see. I run the Chronos Crypto Youtube Channel, and could produce such videos. Community response was a bit lukewarm, and the video production delegate/worker was never voted in.

Now that BTS 2.0 has launched, perhaps it's time to revisit this topic?

296
Fascinating. Bytemaster is right. Negative maker fees really do just shift the price, technically speaking. The psychological effect may be to increase liquidity, as makers feel that they are getting a bonus, but it's not mathematically provable as I first thought.

297
Paying a negative fee immediately from the buyer who pays a positive fee is nothing more than shifting the price.  It is a meaningless change.
I disagree that it is meaningless. It rewards makers, which rewards providing liquidity (by definition). Liquidity is orders on the books. The 0.2% taker fee penalizes order taking, which also helps liquidity (by definition, taking orders will reduce liquidity).

Consider this thought experiment: what if the maker fee were negative 25%? People would bring the spread to nearly nothing, in an attempt to earn this huge bonus. That would make for much deeper liquidity, but few traders would fill orders because of the taker fee. So, the sweet spot is somewhere less than 25% rebate.  :)

Another thought experiment: what if maker fee were positive 25%, to be paid to the taker? The spread would become enormous, as traders tried to avoid getting filled.

Conclusion: you can influence the spread, and total liquidity, by adjusting this parameter.

The corresponding taker fee could be offset by somewhat reducing the order placement fee, if desired.

298
How is this proposal better than a negative 0.2% maker fee, which would also reward makers according to the volume they generate, and be much, much less complex?

299
General Discussion / Re: Bitshares UI 2.0.151202 released
« on: December 07, 2015, 05:07:20 am »
Easy suggestions:

-Switch the default chart interval to 1 day - those 1h periods of no trading activity look embarrassing.
-In the All Markets list, sort by the Volume column by default. Polo does this.

Its all about giving the impression of an active exchange where users feel its worth spending their time.
I agree with both of these. The first thing I do is sort by volume when I want to eyeball recent active markets.

300
Is Kencode still being paid under BTS 2.0? I don't see a worker for him here: http://cryptofresh.com/workers

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