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Any plans to add PLS (Bitshares play)?i know people want to trade them but wont since its on an exchange that requires ID to trade.
Quote from: noisy on November 03, 2015, 12:17:36 amThere should be no asset like TRADE.BTC. This was said so many times. Expectations of users is to have a gateway like: real BTC <-> bitBTC. The gateway should provide a liquidity. I should not be forced to trade TRADE.BTC with bitBTC on yet another exchange.So... in other words... stupidity of current gateway mechanism.You cant have market pegged assets until you have price discovery of the real BTC/BTS price first. In the mean time do we just wait for the centralized exchanges to determine the price and let them have all the fees and profit? No. We allow trading IOUs for Bitcoin as well as market pegged assets. Besides, its easier to get liquidity for the real thing first.What we need is one IOU for Bitcoin on the blockchain, instead of Blocktrades and CCEDK competing with each other and dividing liquidity.
There should be no asset like TRADE.BTC. This was said so many times. Expectations of users is to have a gateway like: real BTC <-> bitBTC. The gateway should provide a liquidity. I should not be forced to trade TRADE.BTC with bitBTC on yet another exchange.So... in other words... stupidity of current gateway mechanism.
Quote from: oakmaster on November 02, 2015, 06:13:36 pmQuote from: dannotestein on November 02, 2015, 04:00:43 pmQuote from: oakmaster on November 02, 2015, 12:04:56 pmcan i send btc ltc and doge directly to the address in my wallet cause just for a test i sent 10 doge yesterday and never received it in my wallet and the same for trade.btc and trade.ltc or do i have to send my deposit to blocktrades to be convertedHi Oakmaster,You should be able to buy the trade.btc/trade.ltc directly from the wallet. I checked our system and I don't see any failed transactions for trade.btc or trade.ltc. Can you PM me with more information about your transactions?One potential issue (which doesn't appear to be the case for the trade asset purchases as it would show up differently in our system) is that you have to send enough input funds to cover transaction cost of sending you the trade asset. For example, I did check the value of the 10 DOGE you sent to openledger, and it's less than the cost of a transaction, so I'd guess that's why you haven't received any OPENDOGE from them. You probably need to send around 1000 DOGE to get any output.best regards,Dan NotesteinBlockTrades Intl Ltdwith the doge is ok it was only 10 doge just as a test but i just wanted to make sure if i send BTC or LTC from my BTC or LTC wallet to the address in my Bitshares wallet Openledger and Blocktrade BTC and LTC address is that ok or for TRADE.BTC and TRADE.LTC do i have to send it to blocktrades than to my wallet to have it converted to TRADE.BTC I just dont want to send 100 in btc to my wallet address and have it not show up cause I was supposed to convert itThank YouYou don't have to visit the Blocktrades.us website, you can send directly to the BTC/LTC addresses in the wallet and they will be converted to either an OPEN asset (if you use CCEDK) or a TRADE asset (if you use BlockTrades). If it's your first time making a deposit, I do recommend sending a smaller amount, say .01 BTC before you send 100 BTC, however.After you make the deposit, the TRADE.BTC or TRADE.LTC should show up in your wallet after 1 or 2 confirmations. You can then place orders on the distributed exchange with your TRADE asset. For example, you could visit the TRADE.BTC_BTS market to place an order for BTS.On the other hand, if you just want to purchase BTS directly with BTC, and don't want to do it via an exchange-type transaction (placing a bid or ask), you can visit blocktrades.us and buy the BTS directly from BlockTrades.So there's really two paths to purchasing, just depends on if you want to be an active trader or just make a quick asset buy.
Quote from: dannotestein on November 02, 2015, 04:00:43 pmQuote from: oakmaster on November 02, 2015, 12:04:56 pmcan i send btc ltc and doge directly to the address in my wallet cause just for a test i sent 10 doge yesterday and never received it in my wallet and the same for trade.btc and trade.ltc or do i have to send my deposit to blocktrades to be convertedHi Oakmaster,You should be able to buy the trade.btc/trade.ltc directly from the wallet. I checked our system and I don't see any failed transactions for trade.btc or trade.ltc. Can you PM me with more information about your transactions?One potential issue (which doesn't appear to be the case for the trade asset purchases as it would show up differently in our system) is that you have to send enough input funds to cover transaction cost of sending you the trade asset. For example, I did check the value of the 10 DOGE you sent to openledger, and it's less than the cost of a transaction, so I'd guess that's why you haven't received any OPENDOGE from them. You probably need to send around 1000 DOGE to get any output.best regards,Dan NotesteinBlockTrades Intl Ltdwith the doge is ok it was only 10 doge just as a test but i just wanted to make sure if i send BTC or LTC from my BTC or LTC wallet to the address in my Bitshares wallet Openledger and Blocktrade BTC and LTC address is that ok or for TRADE.BTC and TRADE.LTC do i have to send it to blocktrades than to my wallet to have it converted to TRADE.BTC I just dont want to send 100 in btc to my wallet address and have it not show up cause I was supposed to convert itThank You
Quote from: oakmaster on November 02, 2015, 12:04:56 pmcan i send btc ltc and doge directly to the address in my wallet cause just for a test i sent 10 doge yesterday and never received it in my wallet and the same for trade.btc and trade.ltc or do i have to send my deposit to blocktrades to be convertedHi Oakmaster,You should be able to buy the trade.btc/trade.ltc directly from the wallet. I checked our system and I don't see any failed transactions for trade.btc or trade.ltc. Can you PM me with more information about your transactions?One potential issue (which doesn't appear to be the case for the trade asset purchases as it would show up differently in our system) is that you have to send enough input funds to cover transaction cost of sending you the trade asset. For example, I did check the value of the 10 DOGE you sent to openledger, and it's less than the cost of a transaction, so I'd guess that's why you haven't received any OPENDOGE from them. You probably need to send around 1000 DOGE to get any output.best regards,Dan NotesteinBlockTrades Intl Ltd
can i send btc ltc and doge directly to the address in my wallet cause just for a test i sent 10 doge yesterday and never received it in my wallet and the same for trade.btc and trade.ltc or do i have to send my deposit to blocktrades to be converted
Quote from: clayop on October 20, 2015, 04:06:35 pmQuote from: GaltReport on October 20, 2015, 03:50:34 pmTried this today...sent BTC to the deposit address. 19 BTC confirmations. Received nothing so far....very frustrated.Deposit/withdraw is temporary unavailable. See the posts above.So, will the funds flow at some point or have I lost my deposit?
Quote from: GaltReport on October 20, 2015, 03:50:34 pmTried this today...sent BTC to the deposit address. 19 BTC confirmations. Received nothing so far....very frustrated.Deposit/withdraw is temporary unavailable. See the posts above.
Tried this today...sent BTC to the deposit address. 19 BTC confirmations. Received nothing so far....very frustrated.
Quote from: dannotestein on October 19, 2015, 07:09:32 pmQuote from: ag on October 19, 2015, 05:39:40 pmHi, I made a really small deposit that didn't go through. It has 285 confirmations as of now.https://blockchain.info/tx/1e9d81520ab1993b2b60e07cdaf314cee7ea3a52f1a7e12ad142da0af5474f17So it doesn't really matter, but I wanted to alert you of this.It looks like our system processed your order and sent the TRADE.BTC. I PM'd you with details on the transaction.The account you sent it to I've never heard of... funny how that happened. I assume you manually processed my tx. Also you sent him 0.00031208, I sent 0.0004. do you have a deposit fee? I saw about the orderbook fee for trade.btc above.
Quote from: ag on October 19, 2015, 05:39:40 pmHi, I made a really small deposit that didn't go through. It has 285 confirmations as of now.https://blockchain.info/tx/1e9d81520ab1993b2b60e07cdaf314cee7ea3a52f1a7e12ad142da0af5474f17So it doesn't really matter, but I wanted to alert you of this.It looks like our system processed your order and sent the TRADE.BTC. I PM'd you with details on the transaction.
Hi, I made a really small deposit that didn't go through. It has 285 confirmations as of now.https://blockchain.info/tx/1e9d81520ab1993b2b60e07cdaf314cee7ea3a52f1a7e12ad142da0af5474f17So it doesn't really matter, but I wanted to alert you of this.
After having thought more about these IOUs on the blockchain, Ive realised they are actually really important.For Market pegged assets to work, we first need price discovery of the real BTC/BTS exchange rate to tell us where the peg should be. So we can either get that from centralized exchanges and let them have all the fees, or we can let the blockchain earn the fees as well as introducing users to our ecosystem.Core dev team 10 steps ahead as usual.
My withdrawal was not processed and I did not receive any bitcoin from blocktrade.us. Bitshares txn: https://bitshares.org/wallet/#/block/102229BTC withdrawal address: 1147bnNxnJqvcePbyX79ZXmHGxRuKuugik
I click the GENERATE button in the deposits/withdrawals page, nothing happens, no address generated. Testing with the openledger.info wallet, on chrome.Javascript enabled.
I just did a test run of depositing BITCOIN via TRADE.BTC on the Deposit/Withdraw tab in the wallet and it worked. I suggest you try it out and then look at this market.https://bitshares.openledger.info/#/exchange/trade/TRADE.BTC_BTSFor trading BTC vs BTS on the blockchain. This way you never have to trust your BTS to an exchange again.
I have few questions: 1. Why I cannot find BTS_TRADE on Exchange Tab?I can only go there with link:https://bitshares.openledger.info/#/exchange/trade/BTS_TRADE.BTC2. When market history will be fixed? (reported https://github.com/cryptonomex/graphene-ui/issues/339, known isuee since 17 June!!!)3. QuoteMinimal counter party risk. Right now you have to trust the exchange with both BTS and BTC. Now you only have to trust the Gateway with BTC.No. This is not minimal. I think all TRADE_BTS can be stolen by the owner of the gateway. Why this just cannot automatically buy bitBTC with BTC? Gateway should automatically provide an information about rate bitBTC/BTC and when user deposit real BTC on gateway those BTC should be automatically converted to bitBTC.
Minimal counter party risk. Right now you have to trust the exchange with both BTS and BTC. Now you only have to trust the Gateway with BTC.
What I said is about market transactions. So the clicked price (of sell order) is not the same as my order price (0.000017 vs. 0.000016995)
Quote from: dannotestein on October 17, 2015, 12:24:58 amQuote from: clayop on October 16, 2015, 09:35:48 pmThere is also another decimal bug.I clicked 0.00017 and 0.037xxxx TRADE.BTC. But the confirmation page tell me the price is 0.00001699995 something. It should exactly be 0.000017.BTW I made the first transaction! That's actually not a bug:It's slightly less than .000017 because we charge the "transaction fee" that it costs us to send the TRADE.BTC to the user. If you visit blocktrades.us, you can see the fee it charges (it's approximately 2 cents USD, IIRC). The graphene wallet gui doesn't yet display our conversion price, which is why it only allows buying/selling of our UIA TRADE assets currently (where it's aproximately 1 for 1). Once the wallet gui is updated to show conversion prices, users will have the option to directly buy any bitshares asset (including bts, of course) supported by blocktrades.Do you mean market transaction fee?
Quote from: clayop on October 16, 2015, 09:35:48 pmThere is also another decimal bug.I clicked 0.00017 and 0.037xxxx TRADE.BTC. But the confirmation page tell me the price is 0.00001699995 something. It should exactly be 0.000017.BTW I made the first transaction! That's actually not a bug:It's slightly less than .000017 because we charge the "transaction fee" that it costs us to send the TRADE.BTC to the user. If you visit blocktrades.us, you can see the fee it charges (it's approximately 2 cents USD, IIRC). The graphene wallet gui doesn't yet display our conversion price, which is why it only allows buying/selling of our UIA TRADE assets currently (where it's aproximately 1 for 1). Once the wallet gui is updated to show conversion prices, users will have the option to directly buy any bitshares asset (including bts, of course) supported by blocktrades.
There is also another decimal bug.I clicked 0.00017 and 0.037xxxx TRADE.BTC. But the confirmation page tell me the price is 0.00001699995 something. It should exactly be 0.000017.BTW I made the first transaction!
Quote from: noisy on October 17, 2015, 12:28:53 amSo each gateway will have to create own SomethingBTC? That would be insane! This is so overwhelming even right now with: BTC, bitBTC and TRADE.BTC. People will not use it because they will not understand it.QuoteBlocktrades is run by people who have commit access to the BitShares repositories. Is that mean, that gateways would be only govern by people with commit access to BitShares? This seems to be a huge abuse of power.I dont think its like that - Metaexchange is being integrated soon.Yes it is confusing - all the gateways should be focusing on depositing into BitBTC.
So each gateway will have to create own SomethingBTC? That would be insane! This is so overwhelming even right now with: BTC, bitBTC and TRADE.BTC. People will not use it because they will not understand it.QuoteBlocktrades is run by people who have commit access to the BitShares repositories. Is that mean, that gateways would be only govern by people with commit access to BitShares? This seems to be a huge abuse of power.
Blocktrades is run by people who have commit access to the BitShares repositories.
Gateway IOU Bitcoin such as TRADE.BTC should trade at absolute face value whe returning to real bitcoin. Ie charge all fees on the way in to gateway btc.
No. This is not minimal. I think all TRADE_BTS can be stolen by the owner of the gateway. Why this just cannot automatically buy bitBTC with BTC? Gateway should automatically provide an information about rate bitBTC/BTC and when user deposit real BTC on gateway those BTC should be automatically converted to bitBTC.
Quote from: bytemaster on October 16, 2015, 08:53:37 pmThis way you never have to trust your BTS to an exchange again.No counterparty risk?
This way you never have to trust your BTS to an exchange again.
I cannot input a withdrawal address. Also it should only take one BTC confirmation before my account is credited with TRADE.BTC
TRADE.BTC is backed by BTC held in a combination of hot, cool, and cold storage. It is fundamentally no different than BTC held in other exchanges *EXCEPT* that rather than controlling your exchange account with a username and password you control it with your BitShares account.Blocktrades is run by people who have commit access to the BitShares repositories.
I think I understand this is done thru the gateway, but doesn't this assume that the gateway has a balance enough to withdraw, and thus having similar liquidity risks as with a centralized exchange but with the security of being able to cash out from any gateway that is liquid for the required amount? Does the gateway specify a fee for conversion (trade.btc => btc)?
You are correct. If Blocktrades had their issuer key compromised any BTS on order books would be at risk.I have advised them to pre-issue a fixed amount and then keep the issuer account in cold storage with multi-factor authentication. This would keep the issuer account secure. If they were compromised they would have halt trading of their asset on the blockchain.
Quote from: bytemaster on October 16, 2015, 09:30:42 pmThere is MINIMAL RISK in leaving your BTS on the order book at the price you are willing to sell at. But there is risk when your BTS has been sold for TRADE.BTC, which is still vulnerable to Blocktrades getting goxxed correct?
There is MINIMAL RISK in leaving your BTS on the order book at the price you are willing to sell at.
Can anybody point me to a forum link, or explain the TRADE.BTC/LTC implementation in detail?Specifically, curious how/where physical coin (BTC) is held, and how that wallet is controlled. I assume TRADE.BTC acts as a marker for real BTC? On withdrawl, it cuts supply and withdraws from an actual bitcoin wallet somewhere or via the blockchain directly?I also assume that TRADE.BTC differs from BitBTC by not being a BTC collateral backed short position but rather a fungible asset itself backed by real BTC?Thanks!
Quote from: clayop on October 16, 2015, 09:22:48 pmQuote from: habeler on October 16, 2015, 09:21:52 pmWill it be possible to set it up to trade BTC and LTC directly? That will be huge.https://bitshares.openledger.info/#/exchange/trade/TRADE.LTC_TRADE.BTCLol, I meant whether it can be done directly without using BTS. Someone would send BTC and receive LTC and vice versa.
Quote from: habeler on October 16, 2015, 09:21:52 pmWill it be possible to set it up to trade BTC and LTC directly? That will be huge.https://bitshares.openledger.info/#/exchange/trade/TRADE.LTC_TRADE.BTC
Will it be possible to set it up to trade BTC and LTC directly? That will be huge.
There is one little bug: when you flip the market to BTS : TRADE.BTC the prices are not fully displayed in the list of market bid/ask orders on the left hand side of the screen.Also, the market depth chart is not showing the prices on the horizontal axis.https://bitshares.openledger.info/#/exchange/trade/BTS_TRADE.BTC