click the asset in the overview! there is the settle link:

cool, thanks! Can you choose to settle a subset of holdings, or is it all-or-nothing? What happens technically during settlement? Someone shorted that amount of smartcoin into existence, so is the settlement a reversal where that counterparty's short position is forced closed, collateral released, settlement value delivered to asset holder and remainder released to the short party?

I just saw this video @JonnyBitcoin about how to profit from forced settlement: https://www.youtube.com/embed/psN-hhDcBrY

Mechanically, how can you force settle a smartcoin? I've never seen an option to do that for any of the markets i trade (USD, BTC, SILVER). Of course, i wouldn't want to force settle when i'm buying above settlement, but it'd be nice to know how to do that in case things ever got crazy...

i'm still a fan of the 2.0 concept of segregating yield from the smartcoin and enabling it in a bond market. Yield is something that comes from lending money, at risk, to someone else doing something productive with it (the source of ability to repay). Paying yield for simply holding smartcoins without the accompanying lending function is sort of a dead capital concept. with 1.0 i was enamored with the idea and even thought of starting a business channeling savers into bitUSD simply to collect yield, but after a long time thinking about it and seeing lessons learned from 1.0, i think it better to stay on track with the 2.0 plan --pivoting from plans induces uncertainty, less trust in our network.

a bond market is much healthier than simply paying yield for holding smartcoins. both will help with liquidity by boosting demand for our products, but the former enables a lending at risk mechanism rewarded by yield. The borrowed funds can be used for economically productive activities. for instance, if we try my favorite idea of a Bitshares Treasury bill/bond (the system issuing these for our key markets, like USD-BTS), then we have our DAC basically borrowing funds from investors, paying yield with recycled fees from the exchanges (a source of real econ value from our core business), and the DAC can use the proceeds for valuable activities, like paying workers to improve network infrastructure.

That's just the first step. We should ultimately have the flexibility for UIBs in which anyone (ideally businesses) can borrow money by issuing bonds on our DEX.

The liquidity boosting mechanism comes from denominating the debt instruments in smartcoins.

A future business venture would naturally come from crypto banks that take bitUSD (or other) deposits and allocate them to productive activities  like UIA, UIB, or Bitshares Treasury offerings, the venture performing some sort of monitoring function for savers.

Quote from: cylonmaker2053 on February 26, 2016, 03:02:01 pm

Quote from: lafona on February 26, 2016, 02:55:12 pm

Quote from: cylonmaker2053 on February 26, 2016, 02:38:36 pm

Excellent explanation, thank you. I've been a horrible participant in this democracy and intend to change that by consistently voting. Since we're on the topic of voting, i wanted to raise this question/issue:

QUESTION: Is it true that only the BTS balance counts towards voting? As in, assets, smartcoins, and open order and borrowed collateral balances (or BTS equivalent value) do not count?

ISSUE: If so, this system severely penalizes investors in our products, traders, and those providing liquidity to our system by borrowing these products into existence.

This system bifurcates incentives--you can either hold a large BTS balance to vote, or you can participate in our markets and thereby lose voting power in how the system is governed.

As far as I know the bts collateral for smartcoins or prediction markets is included but other assets themselves are not.

ah, thanks for the info ...still would be a huge improvement and better alignment of incentives to base voting power on full BTS-equivalent account value.

If you borrow some smart coins with your bts, and buy more bts with the borrowed smart coins, you'll have more voting power.

BTS on the order books is also included for voting.

By the way, the "vote against" feature would probably be removed in the future, since it's flawed.

true, it'd still be much cleaner to simply count full BTS-equiv value

Quote from: cylonmaker2053 on February 26, 2016, 02:38:36 pm

Excellent explanation, thank you. I've been a horrible participant in this democracy and intend to change that by consistently voting. Since we're on the topic of voting, i wanted to raise this question/issue:

QUESTION: Is it true that only the BTS balance counts towards voting? As in, assets, smartcoins, and open order and borrowed collateral balances (or BTS equivalent value) do not count?

ISSUE: If so, this system severely penalizes investors in our products, traders, and those providing liquidity to our system by borrowing these products into existence.

This system bifurcates incentives--you can either hold a large BTS balance to vote, or you can participate in our markets and thereby lose voting power in how the system is governed.

As far as I know the bts collateral for smartcoins or prediction markets is included but other assets themselves are not.

ah, thanks for the info ...still would be a huge improvement and better alignment of incentives to base voting power on full BTS-equivalent account value.

Excellent explanation, thank you. I've been a horrible participant in this democracy and intend to change that by consistently voting. Since we're on the topic of voting, i wanted to raise this question/issue:

QUESTION: Is it true that only the BTS balance counts towards voting? As in, assets, smartcoins, and open order and borrowed collateral balances (or BTS equivalent value) do not count?

ISSUE: If so, this system severely penalizes investors in our products, traders, and those providing liquidity to our system by borrowing these products into existence.

This system bifurcates incentives--you can either hold a large BTS balance to vote, or you can participate in our markets and thereby lose voting power in how the system is governed.

I noticed some updates to the openledger trading GUI. The buy and sell boxes are at the very bottom of the screen now, below the My History and My Orders boxes, which are below the order book ...the thing i really need to see when places my orders. Can we please place the Buy and Sell boxes just above, or adjacent to, the order book?

Quote from: cylonmaker2053 on February 25, 2016, 07:55:58 pm

Bitshares is awesome, just needs a little work here and there and more people willing to put money into the system to trade. i'd be happy to help you with some trading basics if you're still interested in playing around with the system. i think it's worth it long run and my money is where my mouth is, which should count for something.

Placing orders is the fundamental thing, I can't imagine how they could not fix it, if it was well known for some time. I guess I'll give it a try again, now when I know that it should be possible somehow in the end.
Where I can find information about OPEN.BTC, BTC, bitBTC currencies?

cryptofresh.com has a thorough listing of all the smartcoins and assets. here's what it looks like for bitBTC: http://cryptofresh.com/a/BTC

Some things to note are current supply and SQP, which, divided by 100, is the margin call ratio threshold. if you maintenance margin falls below that number, then your collateral will be force liquidated. Given the weak liquidity for these markets,  you do not want that to happen. Note, that's only an issue if you ever borrow an asset/smartcoin and then sell it, leaving yourself with an uncovered short position.

placing orders is pretty straightforward. just look at the order book in any market for the highest big, lowest ask, and note the settlement price. Given the lack of liquidity, we typically see all the action happening above settlement price.

@svk has either already, or will shortly fix the bug that started this thread. Despite being annoying, it wasn't too much of an issue for me. Still, it'll be nice having it fixed.

Let me know if there's anything else i can help with wrt trading mechanics.