Paging @fuzzy

Nice to see a lower fee schedule for some functions.. and reasonable fees for the Asset-specific operations..

Except when one withdraws vesting balance with a minimum fee of 467 right now.. quite a large jump from 2 BTS... I didn't notice that yesterday when I withdrew 139 bts with a fee of 467 bts... losing 328 bitshares in the process...Also looking at the fee schedule, since I'm a lifetime member... shouldn't that charge me 93.54571 BTS? seems to have charged me a standard fee...

Yes, there is a rise from 2bts to 467 bts due to the recent fee schedule change (https://bitsharestalk.org/index.php/topic,21368.msg281599.html#msg281599).  There were no feedback on vesting withdrawal change nor any objection from users in that thread.  If you find the increase too high or not right, you may feedback your view to the committee who can consider revising it.

You are being charged 467 bts now but the difference (457-93 bts) would go into your vesting balance.

Also please be very careful with margin everyone.  A lot of true believers were crushed in October by margin calls.  I know I lost a couple hundred thousand bts, by being stupid with margin.  Remember that if you go margin long, you will have to sell at some point. 

What does 'margin long' in poloniex mean?  Does it mean borrow btc to buy bts?  How does margin call happen? 

Quote from: cube on March 06, 2016, 04:00:17 pm

Quote from: Akado on March 06, 2016, 03:55:29 pm

Quote from: DestBest on March 06, 2016, 03:38:09 pm

Quote from: Akado on March 06, 2016, 12:46:11 pm

Quote from: cube on March 06, 2016, 08:37:43 am

poloniex must be making tons of monies from the big pumps/trading.  Imagine this kind of trading done on the DEX.  The trading fees that bts is missing...

Until it gets hacked  it must have a pretty big target on its back atm

What is keeping poloniex from moving on BitShares ?

How far are we from being able to attract exchange with that kind of "target on the back" in our more secured environment ?

What's keeping them from joining is they havent been hacked lately.

I fail to understand this 'hack' thing.  Aren't bts bridges/gateways subject to the same risks of having their btc/altcoin hot wallets being hacked?

Bridges don't hold your coins like an exchange do, they are simply used to make a transaction when you want to convert crypto, which means the time you're exposed to a hack is way less, meaning it has less risk.

Of course though, if you use a btc IOU form a third party you're still at risk that third party gets hacked and looses their BTC. That's why collaterized assets are important and why sidechains are even better (require less collateral than our current model). Still, an exchange has more risks of getting hacked other than loosing private keys. It can mess up the database for example, loose users information details, passwords, etc. At least with BitShares the user is the only one who has those.

It's not 100% risk free. But it decreases possible attack vectors.

My point is that once a bridge/gateway's btc/altcoin wallets are hacked and they lost all their coins, the bridge/gateway simply can no longer survive and their IOUs become worthless.  I do not see a significant advantage over centralised exchanges.

updated

I think some of the status '-' should be "To Be Discuss further/Determined" or "On-Hold".

There is a tremendous amount of trading at the centralised exchanges.  Imagine a situation where these traders can trade in a safe and frictionless DEX and almost free trading?

Quote from: onceuponatime on March 05, 2016, 08:16:06 pm

Quote from: Erlich Bachman on March 05, 2016, 05:24:01 pm

Didn't you hear the mumble?

Dannostein already has code for another project he could monnetize here, and we could have a multisig sidechain in 3 months effectively allowing bitcoins to trade on our 3 second smartchain, sucking all the bitcoins off the bitcoin blockchain and onto ours and creating perfect pegs in the process.

Total estimated cost:

$200k, a mere $5,000 Ethereum IPO investment (sold today)

We would effectively become bitcoin's "lightning network"

dannotestein previously stated that he is doing an ipo of BlockTrades
https://bitsharestalk.org/index.php/topic,21509.0.html

In that case, if he considers the sidechain project to be feasible and profitable, he will be able to finance it. I guess we could fund raise to loan him the money to get started until his ipo goes through.

Too bad the ipo isn't open to US residents:
"...please note that this offering is NOT available to US and Cayman Islands citizens and residents."

Is there any indication that he'll even do sidechains anytime soon?  It'd be nice to know the steps he needs to get there besides 3 months and ~$200k.  He may have already too much on his plate or may need more devs.

US residents are restricted from buying that class of shares of blocktrades but it does not stop US residents from *lending* monies to it nor a crowdfund/FBA.  A demo of a possible sidechain builds confidence.

BitShares is more like Apple, we've invented the "mouse" (read: dex) and have the GUI running smoothly (with 3 seconds blocks) and a bunch of other potential apps already running on our (RISC) CPU ..

Nope. Xerox came up with the first 'mouse'.  Bitshares is more like the early versions of Microsoft.