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Messages - Thul3

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557
usd commitee account already under 2.25 Ratio

https://wallet.bitshares.org/#/account/committee-usdoperator

GREAT WORK !!!!!

558
Quote
2. operators need to take good care while operate with debt positions, as an initial rough principle, when BTS price is under 2CNY:
while collateral ratio > 4, borrowing more smartcoin is allowed.
while 4>collateral ratio>3, smartcoin income can be used to buy more BTS, but borrowing more smartcoin is not allowed.
while 3>collateral ratio, smartcoin income need to be used to reduce debt position, buying more BTS is not allowed.

Both accounts are clearly under Ratio of 3 and were not allowed to buy any BTS


Also big part of  commitee funds buy orders are also under spring trader buy orders .....

559
Quote
2. operators need to take good care while operate with debt positions, as an initial rough principle, when BTS price is under 2CNY:
while collateral ratio > 4, borrowing more smartcoin is allowed.
while 4>collateral ratio>3, smartcoin income can be used to buy more BTS, but borrowing more smartcoin is not allowed.
while 3>collateral ratio, smartcoin income need to be used to reduce debt position, buying more BTS is not allowed.

Both accounts are clearly under Ratio of 3 and were not allowed to buy any BTS

560
Am requesting to all commitee members to remove bitcrab from the committee controlled open market operation fund.
Its a clear conflict of interrest and also the unnatural buy wall which is exectly near bitcrabs margin which is causing unnatural prices on DEX can't be tollarated anymore on a free market which DEX should be.
Today we saw a feed price of 1.06 but BTS price on DEX kept up on 1,084 and never moving down because of the big buy walls for 1 million BTS at 1.08 ,1.07 ,1.06 ,1.05 ,1.03  .
The fund should be used to buy BTS and not to create heavy buy walls which are not going to break.
Also why are the funds at bottom prices on the buy walls if he really wants to buy BTS ?


Thats a massiv abuse and also cheat on all traders who shorten BTS on a bear market to protect a persons own interrest.
No new bitasset was created so you can't tell us it was created to increase liquidity.

Also i'm very disappointed once again from all commitee members who let it happen

562
That fund already being abused?

That funds was declared to be used to create bit assets and to buy BTS .

Currently you can clearly see that this fund isn't being used to buy BTS but to create a big buy wall together with the spring funds.

This is a clear market manipulation using funds which were never supposed to create buy walls.
As easy as it can be used as buy walls as easy it can be used as sell walls.

Controlling these amount of funds by a few people gives them power i don't agree with.

563
A waste of resources and nothing more.
You know any known project which uses the ending .exchange ?
Just because someone bought the ending doesn't mean you need to buy it from him.I bet $1000 openledger is not going to buy ever the domain openledger.exchange .

You could buy any other domain and use these funds to promote DEX instead.
Dot exchange won't give you any benefit but using these funds to promote DEX would change something.

In gerneral i have to disagree with the action of the committee/Proxies which is wasting a lot of funds for BS instead of using them for marketing DEX.You can basicly say its only being spent for technical staff but not a single cent for marketing.

I guess its because the main comittee/proxy members are all technical skilled and not in marketing

564
Looking forward for that as i have full trust in you to push bitshares in the right direction

565
Actually it does.Since a tld .com can't be compared to a third class domain .exchange. Thats two total diffrent levels of domains.

bitshares.com is first way more easier to get a good ranking in google.
Also anyone who heard the name bitshares will first enter the name bitshares.com as URL and nobody is going to use bitshares.exchange .
The domain has no real value because its not a top level domain .It brings no benefit in regards to SEO and
noone is going to enter that domain himself (Type Ins) which gives a domain value.
So basicly you need to promote that domain to add to it any value.

$10k for a domain ending which is completly unknown to 99% of users.

$250k for bitshares.com is of course also way overpriced but at that time the foundation could register themself a domain for $10-50 and save the money for promotion or anything else
since the domain bitshares.exchanges doesn't add any value to the bitshares network which would justify $10k

566
$10k just for the domain bitshares.exchanges is way to expensiv.

I don't see a single dime spent on real marketing .

A simple domain name like bithsares.exchanges brings nothing if it won't be promoted so i can't see the value of $10k for that domain.

I also don't understand why nobody else is stepping in and asking why the domain is so overpriced as it basicly has no value

567
Technical Support / Account with stolen coins
« on: May 08, 2018, 02:56:23 am »
Hi on DEX is an account with about 500k CNY and 100k BTS which was basicly stolen from me.I know the accounts name and monitor it since september last year as thats the time when it happened.
I guess the guy run away with somebodies else coins (44 BTC) and never came back to DEX for my coins.He had a big sell order since september of the coins he stole from me which were executed back in december.

Is there any possibility to gain somehow access to this account to get the funds back since i'm really "pissed" to lose them to a scammer who let them die on DEX.

568
We should borrow some BTS to generate BitCNY with an collateral ratio of 5. The fees from the BitCNY and BitUSD can buy BTS and refund the borrowed BTS.

But what is the technical problem for not having enough BitCNY now? We need more FIAT/BitFIAT exchanges.

The problem is that each and every other coin is at least 10% undervalued on bitusd/bitcny pair.
That also means the 10% lower price on margin calls have no effect anymore since there is no possibility to buy cheap BTS on DEX to sell them on external exchanges with profit and to send the new coin back to DEX to buy bitcny/bitusd to eat the margin call quickly.
Since there is a leck of bitusd/bitcny liquidity prices of other coins are already 10% under market price and its impossible even when buying the 10% cheaper BTS from margin call to bring funds back to DEX with any profit.
In short words the feature of 10% lower margin call price has no effect at all because there is a lack of bitusd and bitcny.

569
Quote
Now smartcoins like bitCNY have big demand, but are always in serious shortage, this limit the adoption of smartcoins and also the development of trading in DEX.

BitUSD has also a shortage else the prices of other coins on DEX wouldn't be 10% under market value against bitUSD when market is going downwards.
The max. loss of 10% is also not right because if the amount of collateral is big there is not enough liquidity to buy such a big amount instantly which could lead to bigger loss if prices keep moving down.

I'm for more liquidty in bitUSD and bitCNY which is badly needed however it needs an update in collateral system first to be able to handle big collateral amounts in a proper way

570
Yes .....i'm currently on holiday and not on my home pc but you can ask the guy marko who created the proposal for dex trading bot.He wrote a clear instruction how to setup your own node.

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