BitShares Forum

Main => General Discussion => Topic started by: bitacer on January 20, 2016, 04:49:06 pm

Title: UIA Creation
Post by: bitacer on January 20, 2016, 04:49:06 pm

I think there needs to be an initial minimum BTS price set by the issuer and taken out of the system. That will establish good first impression and trust for the issuer.  Current structure causes too many worthless assets floating around. I created many myself. And UIAs need to be able to burnt as well.

Lets say BTS was MILK and I am  a talented Cheese Maker,  in BitShares Universe, in order for me to be able to create a cheese , I would need to spend around lets say 4 Litre of MILK. I could then split the cheese into pieces and try to trade with what I want or need . If the market decided my cheese is popular, it will keep existing , if not I could  melt it back to milk again, why not ?  ???

(http://economictimes.indiatimes.com/photo/29864656.cms)(http://cdn.flaticon.com/png/64/60/60758.png)(http://www.marjorieainsboroughdecker.com/wp-content/uploads/2009/5/cheese_round.jpg)


Currently my assets' estimated value :  ::)
(http://s17.postimg.org/drgi1mlnj/Screen_Shot_2016_01_20_at_9_20_55_AM.jpg)

Title: Re: UIA Creation
Post by: yvv on January 20, 2016, 05:57:49 pm

UIA should exist only if there is an outstanding balance between the issuer account and other account(s). UIA which is returned to the issuer account is actually "burned". Just like any IOU.

Title: Re: UIA Creation
Post by: svk on January 20, 2016, 10:22:42 pm

I'm gonna start excluding the core exchange rate from the equivalent value calculations, but wasn't able to complete the changes today so it will have to wait till next week.

That should fix most of the insane valuations.

Title: Re: UIA Creation
Post by: xeroc on January 21, 2016, 09:31:46 am

too bad .. no more

(http://cdn.meme.am/instances/500x/27325109.jpg)

Title: Re: UIA Creation
Post by: bitacer on January 21, 2016, 09:49:07 am

"One Million Billion Trillion Dollars" ,  muhhahaha !