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I finally got the first release candidate for the first whitepaper approved by Daniel.Smore more are in the pipeline and this is how I imagine the set of papers for BitShares 2.0Financial Smart Contract Platform: Description of the core products UIA, MPA and the DEX.Market Engine: Borrowing rules and margin calls. #mpa #borrow #short #margincall #collateralGeneral: The general concept of BitShares. #wallet #network #bts #accountsStructure: BitShares as a business (DAC). #income #cost #profit #feescheduleGrowth: Incentives to grow the BitShares ecosystem are described and scalability is address. #referral #approval #lmaxConsensus: Addresses the consensus mechanism of the BitShares blockchain. #dpos #tapos #forksHistory: The history of BitShares #pts #ags #bts0.9 #sharedropsAny input or assistance is welcome.Sources will be release when I get the time to clean up the repository.Cheers
lies WITH ...if I am not mistaken. lol three non english natives
Page 6QuoteThe primary risk is individuals are responsible for protecting the cryptographic private keys that sign transactions proving ownership of assets.The primary risk lies in individuals being responsible for protecting the cryptographic private keys that sign transactions proving ownership of assets.
The primary risk is individuals are responsible for protecting the cryptographic private keys that sign transactions proving ownership of assets.
Furthermore, since KYC/AML verification can be outsourced via whitelists, a gateway that holds costumers funds in terms of IOU backing fiat does not necessarily have direct access to your identity as was the case with Mt.Gox where thousands of identities have been stolen.
In the Bitcoin ecosystem, we demand at least 100% reserve.
In contrast to central exchanges, the IOUs are sent directly to the wallet of the customer directly and are under his full control.
In this paper, we have laid out the foundations of the BitShares network to shift the paradigm of classical banking towards peer-to-peer financing at large scale.
You could easily implement a centralized payment solution on top of the decentralized BitShares network and mimic the business model of Dwolla and Paypal.
Very well written & much needed
There are small typos / grammatical errors on page 4:QuoteAt the moment of creation, the position of the shorter has not changed at all because he can directly cover his own short position using the bitUSD to gaining back his BTS used as collateral.At the moment of creation, the position of the shorter has not changed at all because he can directly cover his own short position using the bitUSD to gain back his BTS used as collateral.QuoteIn the case the short seller sold the smartcoins he is required to purchased them back from the market.In the case the short seller has sold the smartcoins, he is required to purchase them back from the market.
At the moment of creation, the position of the shorter has not changed at all because he can directly cover his own short position using the bitUSD to gaining back his BTS used as collateral.
In the case the short seller sold the smartcoins he is required to purchased them back from the market.
http://bytemaster.github.io/article/2014/12/31/Stable-Crypto-Currencies-are-Impossible/
Great work @xeroc! +5Can't wait to read it!Just curious, has this been proof read and vetted before publishing? So many critics out there when it comes to whitepapers.
We should also take docs.bitshares.org to docs.bitshares.eu (or the other way round) and have a documentation link on bitshares.org