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Messages - cylonmaker2053

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61
Work in progress...

I looked at the BSIP outline https://github.com/bitshares/bsips/blob/master/bsip-0001.md

Here is some stuff I have written for one, if anyone wants to turn it into a proper BSIP or suggest changes or create their own variation cool. My main goal is that BTS trials using some of the worker budget for SmartCoin yield in one form or another.

---------------------------

BitUSD Yield Promotion BSIP

100 000 BTS per day, 23% of BTS Worker Budget, for 6 months directed to a BitUSD yield promotion. (75% to going to BitUSD Yield and 25% going to BitUSD shorts)

Lower BitUSD forced settlement to 0.95

good cut at this experiment. i'd recommend flipping the split and making it 75% to shorts and 25% to yield on holding the asset. from my experience, those who borrow our smartcoins into existence are the real heroes. they're tying up a ton of collateral and our markets wouldn't exist without them. those who buy and hold the assets still do some good, but incentivizing buy-and-hold over shorting would likely reduce market liquidity by drying up the order book.

also, diverting 20% of worker funds for just bitUSD seems excessive. what happens if it is a success? we have no slack to start subsidizing other markets without changing the rules of the game for new investors/traders who bought in with those lavish conditions. personally, i think 20% of worker fund diversion for overall systemic trading support is great, but that'd include all subsidies to all smartcoins, not just one test case. we have to consider the impact of reducing dev/worker budget on our long term system health. personally, i'd start with something like 5%.

62
General Discussion / Re: Let's try to get @bitshares on twitter
« on: March 22, 2016, 02:11:38 am »
A bit of sarcasm on here, but also good points raised (even in the sarcasm). Retaining the major social media accounts within the community makes sense, but i also get the governance problem of who gets to decide on allocating funds? we should probably have a marketing worker with real experience in the area control some budget for these kinds of things. i'm all for the community voting on it, or at least voting on a worker who has some set of plans in a coherent strategy. managing our social media is part of building credibility for the brand.

Controlling any media assets purchased is part of the overall governance picture we need to lock down. it would be no bueno if someone used allocated funds from our business to personally control these assets, or even potentially retain them for themselves at some point.


63
Random Discussion / Re: Monero
« on: March 22, 2016, 02:03:22 am »
And new Monero highs. Again.

Ander becomes a big whale in monero?

My monero is worth more than my BTS, and not because I spent more money on it. :P

hey, that's the power of diversification! i heart BTS, but also buy a range of interesting cryptocurrency projects.

64
General Discussion / Re: Subsidizing Market Liquidity
« on: March 22, 2016, 02:02:34 am »
This could work, with a few modifications.

*Modified part in italic in the original proposal if not explicitly quoted here
1)
" every hour:

 - Let P = "center point" of the market. (Feed price? Center of spread?)
 - Take a snapshot of the order book
 - Ignore all orders (a) more than 5% away from P or (b) less than 60 minutes old
"

becomes:
Every Time a new order is placed in that market:

 - Let P = "center point" of the market. (Feed price? Center of spread?)
 - Take a snapshot of the order book
 - Ignore all orders (a) more than 5% away from P
 - ignore the newly placed order

T = time since last snapshot

2)
score = (order_size / side_total) * (1 + distance_bonus) * T

3)
order_total = MIN (size of the sell (ask or bid side), maxOrder bitUSD)
maxOrder = the max order that qualifies for a bonus
 *[ we do not want orders for 50, 000 USD  existing for small periods of time to take away all the bonuses]; we can start with something like maxOrder =  500-1000 USD

//EDIT
NB depending how filled orders are handled in bts a solution how exactly to do this must be made BUT:
If any order is filled due to this newly placed order, the filled order(s) should be included in the calculations above for that round of rewards

looks like a solid first cut, but i'd recommend expanding the range from midpoint for relevance. 5% from midpoint doesn't capture much of current action, so i'd widen that to something like 20%. yes, orders on the margin matter most, but market depth expanding out from the margin also counts.

66
General Discussion / Re: Marketing plan for Bitshares 2.1
« on: March 19, 2016, 02:15:48 pm »
This just got me to thinking.

Maybe a lot of people are scared to market because BitShares changes so much and it's difficult to keep up with.

Back before we knew 2.0 was coming, I used to do quite a bit of pretend-journalism and evangelizing on reddit.

I was trying to introduce new people to BTS in posts that I thought easily presented an opportunity. I was attempting to give out as accurate of info as I understood But even then it was getting ahead of me, and in a couple of the posts a respected former community member came on and basically told people to ignore me because I was full of shit (in so many words), didn't send me a courtesy pm to correct my inaccuracies or anything. I felt as though I my efforts were counterproductive, not to mention feeling like a complete idiot because I had a certain degree of respect for this person who simply wrote me off.

After that I've been too scared to market for fear of sounding like a total fool, though I did in and contribute to lists of newspapers and such in nullstreet.

But I was thinking, now that BTS 2.0 is here, we should prepare a set of standardized marketing materials, graphics, one-liners, and catchphrases, that have been VETTED and PRE-APPROVED by really smart people, that only give details that are SET IN STONE. That way people who aren't quite as smart can participate without being worried about unintentionally spreading misinformation.

i agree. i ramped up my Bitshares evangelizing pre-2.0, then things changed from the pitch i was making to people, so i backed off to let the 2.0 dust settle. then i tinkered with 2.0 for a few months, liked what i saw, and then resumed the evangelism. we have an awesome set of products, technology, and growing network; definitely time to put together a core message and have our minions then fan out and spread the word.

67
General Discussion / Re: Who trades our GOLD or EUR markets?
« on: March 18, 2016, 04:49:51 pm »
I've been considering entering either of these, but both have fairly low volumes. Just curious about who else in this community actively trades these, or who would be interested if there were more volume?

I trade Gold, is a slow market but with big spreads.. if you dont mind having your money held as collateral for a while then there are some good opportunities from time to time...

I would be more than thrill if you join me lol

ok done! i can't leave a fellow Bitshares brother trying to make a market by himself :)

anyone else want to join us and get this market moving?

68
General Discussion / Who trades our GOLD or EUR markets?
« on: March 18, 2016, 01:04:44 pm »
I've been considering entering either of these, but both have fairly low volumes. Just curious about who else in this community actively trades these, or who would be interested if there were more volume?

69
General Discussion / Re: Subsidizing Market Liquidity
« on: March 18, 2016, 01:02:38 pm »
All this brainstorming about liquidity, and I can't even get into my OL wallet to place trades right now. We really need to get a reliable platform working before anything else. Count me out for adding liquidity to markets tonight, which sucks with the big BTS move. i hate not being able to access my positions to update them in the face of this kind of volatility.

Try another client. Dowloadable client works well. Also, there is one at https://bitshares.org/wallet and another one hosted by bitcash but I lost the link.

great, thank you @yvv ...the bitshares.org wallet works perfectly.

@cylonmaker2053 If you have difficulty connecting to bitshares.openledger.info API server, go to settings, click on "API connection" and select dele-puppy.com from the list. We don't really depend on OL, and this is good.

Thanks again @yvv ...i've used the puppy API before, but last night i couldn't even get to the point where i could switch connections.

70
General Discussion / Re: Let's try to get @bitshares on twitter
« on: March 18, 2016, 01:01:28 pm »
@xeroc @Stan @bytemaster  @cylonmaker2053 @Fox @DestBest @Chris4210

As with dailydecrypt sponsorship I got frustrated with no progress and have gone ahead and just done it.

I have purchased these twitter and fb handles for the community because it needed to be done.

Twitter.com/bitshares
Facebook.com/bitshare

I paid $2800 for the both of them and expect the community to pay me back for them in full. (can forward email correspondence to prove sale to me)
I think a worker proposal is the best way to collect the funds for this but am not competent enough with CLI client to create one myself.

Could @xeroc or another trusted community member create a worker proposal to cover this $2800 and I will hand over these accounts to the commitee.
Alternatively If cryptonomex wants to send it to me directly that would be easier.

PS I need to wait a week before I change the graphics on the fb page.

How much did you personally end up contributing to TheDailyDecrypt sponsorship? (that you didn't get reimbursed for by other donors?)

All financial costs for the daily decrypt were covered by you, openledger and the community.
I made it happen though by paying upfront with my own money and organising it all like I am doing again.
I have personally contributed at least 6 hours of my own time back with emails and then cleaning up the accounts so they don't follow spam accounts etc.

 +5% +5% +5%

71
Openledger / Re: Openledger down?
« on: March 18, 2016, 01:00:17 pm »
I fixed this ..
the server ran into a kernel specific limitation about the number of open files. .
I raised that number by 64 which should give us some time to figure out what exactly caused this ..
the OL machine can easily handle that ..

cheers

ps. thanks to @svk, how messaged me right away!

thanks for working this right away and suggesting the alt wallet. i've been using the bitshares.org one since last night when this started, and have been quite happy with it.

72
Openledger / Re: Openledger down?
« on: March 18, 2016, 02:03:38 am »
There is another gui client at https://bitshares.org/wallet which works now. Downloadable client also works.

TY very much, the bitshares.org wallet works perfectly for me at the moment.

73
General Discussion / Re: Subsidizing Market Liquidity
« on: March 18, 2016, 01:54:40 am »
All this brainstorming about liquidity, and I can't even get into my OL wallet to place trades right now. We really need to get a reliable platform working before anything else. Count me out for adding liquidity to markets tonight, which sucks with the big BTS move. i hate not being able to access my positions to update them in the face of this kind of volatility.

Try another client. Dowloadable client works well. Also, there is one at https://bitshares.org/wallet and another one hosted by bitcash but I lost the link.

great, thank you @yvv ...the bitshares.org wallet works perfectly.

74
General Discussion / Re: Subsidizing Market Liquidity
« on: March 18, 2016, 01:28:28 am »
All this brainstorming about liquidity, and I can't even get into my OL wallet to place trades right now. We really need to get a reliable platform working before anything else. Count me out for adding liquidity to markets tonight, which sucks with the big BTS move. i hate not being able to access my positions to update them in the face of this kind of volatility.

75
General Discussion / Re: Let's try to get @bitshares on twitter
« on: March 18, 2016, 01:25:26 am »
Why not use bitshares_official instead of giving 3k usd to a random guy?

It's called good marketing.

See above. Old owner was using it for bitcoin stuff, was embarrassing.
Bitshares marketing has been historically very poor, we need to up our game and come across as professional.

yeah i completely agree. Bitshares should own @bitshares. having someone else control that handle is embarrassing.

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