196
Technical Support / Re: Depositing fiat USD
« on: September 22, 2017, 02:20:00 pm »
Be careful with openledger fiat gateway, you may have a hard time to sell their IOU.
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197
General Discussion / Re: transwiser service will stop/transwiser 服务停止公告
« on: September 20, 2017, 05:48:13 pm »
Transwiser was good. I wish openledger used bitAssets instead of UIA too.
198
General Discussion / Re: CNY feed after Chinese exchanges halt trading
« on: September 20, 2017, 05:46:04 pm »
Consider BTC/CNY -> BTS/BTC too. Whichever has a higher volume.
199
General Discussion / Re: bitUSD black swan possiblity
« on: September 15, 2017, 06:14:03 pm »
I don't think that there is an easy way to fix this without breaking everything else. BitAssets do a good job when BTS is stable, they do amazingly good job, when BTS grows. Everything can't be good all the time in this life, and bitAssets suck when BTS crashes. I guess, we have to live with this for now.
200
General Discussion / Re: bitUSD black swan possiblity
« on: September 15, 2017, 05:41:52 pm »Quote
Theres obviously an issue with lack of BitUSD/BitCNY when looking at those margin calls that were coming in.
Yes, there is an issue with bitUSD/bitCNY. This issue is an inherent flaw of bitAsset model, which was pointed out million of times by different people in crypto community. When BTS falls and bitAssets are in high demand, nobody in good mind wants to issue them by locking BTS collateral. This is the same as giving money away.
201
General Discussion / Re: bitUSD black swan possiblity
« on: September 15, 2017, 05:31:37 pm »This crash proves to me that we need a base supply of both BitUSD and BitCNY.
If whales like @bitcrab need to exit their positions we need more BitUSD and BitCNY in the system.
We need a massive dedicated account used exclusively for creating BitUSD and BitCNY.
This account should have all of its BTS as collateral at all times and hold no other assets.
It should be funded by a rolling worker proposal.
The BitUSD and BitCNY created would be used to purchase any BTS below the settlement price.
The BTS purchased would just get added to the collateral.
The account would never pay back its borrowed BitUSD and BitCNY because that would destroy the supply.
I really think this is needed for BitShares to be successful.
You are proposing to give money away. You are welcomed to do this, but with your own money. Go ahead, create bitUSD and bitCNY during BTS crash using your own funds, I am very sure many people will be happy to buy them at a good premium.
202
General Discussion / Re: bitUSD black swan possiblity
« on: September 15, 2017, 12:10:15 pm »
Check
http://cryptofresh.com/a/USD
for debt positions. In order for global settlement to be executed, total collateral ratio should go below 1. Right now, all debt positions are collateralized well above 150%. Unfortunately, cryptofresh does not show you the total collateral value.
http://cryptofresh.com/a/USD
for debt positions. In order for global settlement to be executed, total collateral ratio should go below 1. Right now, all debt positions are collateralized well above 150%. Unfortunately, cryptofresh does not show you the total collateral value.
203
Openledger / Re: Withdraw Fee over $1000.00 USD
« on: September 08, 2017, 02:59:49 am »
My OPEN.BTC withdrawal window says the fee is 0.2332 BTS, as it should be. What client do you use?
204
General Discussion / Re: Does Openledger make Bitshares no decentralized anymore?
« on: September 07, 2017, 10:04:24 pm »Yes, Atomic Swaps would allow to transfer BTC to Bitshares DEX bitBTC without third party UIAs. It would be great progress, but there is still the problem on the FIAT side. My proposal is to use gateways but with P2P exchanges, not with third parties.
You need a third party for fiat exchange anyway. How are you going to pay fiat to your peer? Send cash in an envelope by mail? Then the mail service will be your third party.
205
General Discussion / Re: Does Openledger make Bitshares no decentralized anymore?
« on: September 03, 2017, 10:21:06 pm »Quote
If no one except Bisq (or Coinffeine, but no longer exists, I think) has made a successful P2P, it means that the implications are not so simple at all.
If volume at Bitsq is close to 0, I guess this means that their implementation of P2P has some problems.
206
General Discussion / Re: Does Openledger make Bitshares no decentralized anymore?
« on: September 03, 2017, 10:13:36 pm »
P2p exchange is great, but it has its disadvantage: you need to find a peer to make exchange, which can take time. Gateway service like openledger fills this gap. To make a deposit/withdrawal, you don't need to look for a peer, you deposit BTC to their wallet and few seconds later funds are in your bitshares account, but you need to trust their IOU.
Implementing a trustless p2p exchange in bitshares DEX, however, would be absolutely great. A company like openledger could become a mega-peer and make the market.
Implementing a trustless p2p exchange in bitshares DEX, however, would be absolutely great. A company like openledger could become a mega-peer and make the market.
207
General Discussion / Re: Does Openledger make Bitshares no decentralized anymore?
« on: September 03, 2017, 06:12:49 pm »Quote
I don't want to risk my money with a company.
Then stop using services which are provided by companies.
Quote
Is there any blockchain can act as a gateway? It's great if there is a decentralized gatewate that I can trust.
There are no miracles in this world.
208
General Discussion / Re: Smart contract - Exchange-traded fund (ETF) idea
« on: September 01, 2017, 06:53:53 pm »
Sure, it would be great to have such assets, but to make them useful, somebody needs to provide price feeds and make the market. DEX already has a bunch of assets pegged to different stocks, but they are dead.
209
Technical Support / Re: Approve for being a gateway on Bitshares
« on: September 01, 2017, 12:32:38 pm »
Contact GUI worker to arrange listing your gateway in official client
http://www.bitshares.foundation/workers/2017-08-bill-butler
Setting up your own wallet should not be too difficult either.
http://www.bitshares.foundation/workers/2017-08-bill-butler
Setting up your own wallet should not be too difficult either.
210
Technical Support / Re: Approve for being a gateway on Bitshares
« on: August 31, 2017, 05:50:45 pm »
You don't need nobody's approval to be a bitshares gateway. Just issue your token. You can optionally set up your wallet where you can list yourself. Check out how rudex did: market.rudex.org (asset bitRUBLE).
