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Messages - Pheonike

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121
General Discussion / Re: Crowd Lending vs. Crowd Funding
« on: March 09, 2016, 08:23:46 pm »
Oh for those not technical into the code yet:

It seems to be possible that anyone can create a vesting balance for any account.
Code: [Select]
get_prototype_operation vesting_balance_create_operation
[
  32,{
    "fee": {
      "amount": 0,
      "asset_id": "1.3.0"
    },
    "creator": "1.2.0",
    "owner": "1.2.0",
    "amount": {
      "amount": 0,
      "asset_id": "1.3.0"
    },
    "policy": [
      0,{
        "begin_timestamp": "1970-01-01T00:00:00",
        "vesting_cliff_seconds": 0,
        "vesting_duration_seconds": 0
      }
    ]
  }
]

That means that you can sell a specific kind of bond already:
* non transferable
* fixed 'interest rate' on a UIA (e.g. MKR)
* one out of two policies (cdd and linear cliff)
* pre-paid vesting balance

More:
http://docs.bitshares.eu/bitshares/user/vesting.html

Not sure if that makes sense to anyone, but we could have something like this today:

* user pays x USD to an account bond-issuer
* bond-issuer issues x * 1.10 IOU.USD and puts them into a vesting balance for the user
* the user can claim his IOU.USD linearily over one year
* user can exchange it back into real USD in the market or via the issuer

Get the idea?
Possible today!

That's quite similar to what i proposed here   https://bitsharestalk.org/index.php/topic,21808.0.html except for going into fiat and back.

122
Technical Support / Re: Idea for Smartbond market
« on: March 09, 2016, 09:53:46 am »
One of challenges for the creation of Smartcoins is the high collateral cost associated with their creation. I think we can built a bond market by allowing user to loan out collateral to users who want to borrow. The SmartBonds will be a fixed size and duration. When a user borrowers an asset, the asset created based on the feed price rate. The borrower does not receive the actual asset. The asset is created and goes into a liquidity pool used by the system . The borrower is in essence making bet on rather the asset will increase or decrease. The total amount of assets can be no more than half the value of the the reserve pool.

SmartBond30    25,000 BTS
SmartBond120  50,000 BTS
SmartBond365  1000,000 BTS

Borrowers will put 115% of the collateral and the bond puts ups 100%. This means the newly created Smartcoin is back by 215% collateral. The loan term is fixed at the start. The borrower can pick a term duration up to 15 days. The borrower can however add collateral during the term of the loan. If the borrowed asset’s value increases and the collateral for the loan drops below 140% the borrower will get low collateral warning. If the collateral reaches 115% the loan is closed and borrower loses the rest of their collateral. If the asset’s value decreases, then borrower gets 100% of his collateral back plus the difference in value from the start. Daily interest payments are made from the collateral. The system determines the percentage interest for the loan by measuring the supply vs demand.  The interest rate is fixed during the course of the loan

At the end of the SmartBond term, the buyer of the bond receives their collateral back plus the interest.

 The interest rate paid by the bond is the average of daily interest for all loans accumulated during the length of the bond.

123
Technical Support / Idea for Smartbond market
« on: March 07, 2016, 10:17:29 pm »
One of challenges for the creation of Smartcoins is the high collateral cost associated with their creation. I think we can built a bond market by allowing user to loan out collateral to users who want to borrow. The SmartBonds will be a fixed size and duration. When a user borrowers an asset, the asset created based on the feed price rate. The borrower does not receive the actual asset. The asset is created and goes into a liquidity pool used by the system . The borrower is in essence making bet on rather the asset will increase or decrease. The total amount of assets can be no more than half the value of the the reserve pool.

SmartBond30    25,000 BTS
SmartBond120  50,000 BTS
SmartBond365  1000,000 BTS

Borrowers will put 115% of the collateral and the bond puts ups 100%. This means the newly created Smartcoin is back by 215% collateral. The loan term is fixed at the start. The borrower can pick a term duration up to 15 days. The borrower can however add collateral during the term of the loan. If the borrowed asset’s value increases and the collateral for the loan drops below 140% the borrower will get low collateral warning. If the collateral reaches 115% the loan is closed and borrower loses the rest of their collateral. If the asset’s value decreases, then borrower gets 100% of his collateral back plus the difference in value from the start. Daily interest payments are made from the collateral. The system determines the percentage interest for the loan by measuring the supply vs demand.  The interest rate is fixed during the course of the loan

At the end of the SmartBond term, the buyer of the bond receives their collateral back plus the interest.

124
General Discussion / Idea for a Smartbond system
« on: March 07, 2016, 08:05:23 pm »
One of challenges for the creation of Smartcoins is the high collateral cost associated with their creation. I think we can built a bond market by allowing user to loan out collateral to users who want to borrow. The SmartBonds will be a fixed size and duration. When a user borrowers an asset, the asset created based on the feed price rate. The borrower does not receive the actual asset. The asset is created and goes into a liquidity pool used by the system . The borrower is in essence making bet on rather the asset will increase or decrease. The total amount of assets can be no more than half the value of the the reserve pool.

SmartBond30    25,000 BTS
SmartBond120  50,000 BTS
SmartBond365  1000,000 BTS

Borrowers will put 115% of the collateral and the bond puts ups 100%. This means the newly created Smartcoin is back by 215% collateral. The loan term is fixed at the start. The borrower can pick a term duration up to 15 days. The borrower can however add collateral during the term of the loan. If the borrowed asset’s value increases and the collateral for the loan drops below 140% the borrower will get low collateral warning. If the collateral reaches 115% the loan is closed and borrower loses the rest of their collateral. If the asset’s value decreases, then borrower gets 100% of his collateral back plus the difference in value from the start. Daily interest payments are made from the collateral. The system determines the percentage interest for the loan by measuring the supply vs demand.  The interest rate is fixed during the course of the loan

At the end of the SmartBond term, the buyer of the bond receives their collateral back plus the interest gained.

125

Yeah, partial fill orders will be tricky.

126
What is wallet naming structure going to be? Are we marketing Bistshares?, Openledger?, Openledger on Bitshares?. Is Openledger a platform, a DEX, both. I. Will future parties brand on Ol, Bitshares, or completely independent? I've been trying to wrap my head around this for awhile and can never come to a consistent conclusion. Will there be any guidelines in place for these kind of things?

bitshares.openledger.info
wallet.bitshares.org
???.bitshares.org
???.openledger.info
bitshares.???.org


127
General Discussion / Re: Marketing plan for Bitshares 2.1
« on: March 05, 2016, 10:56:20 pm »
So what's the timeline here? When the stealth and free transactions features are ready? If I understood right, Bytemaster said in the latest hangout that they might be in a same hardfork quite soon.

If we want to use this possibility for focused marketing effort, we need to know only two things:

1) Is the version number going to change to 2.1?
2) When the hardfork is going to happen?

If we know these as soon as possible, anyone can make marketing plans either together or individually. We don't need to agree on a certain message, but we all need to make the effort at the same time to get the full benefit.

@bytemaster, @Stan would be nice to hear a comment from Cryptonomex on this topic.
IMOH(!) ... CNX is only a software provider for BitShares and nothing more. They probably won't and shouldn't be able to *just* decide on bumping the version number.
As they are merely the technological providers for BitShares, the marketing side of things has to be done by other parties (and it should be as we all know how well
marketing went with CNX/I3).

How come we have a decentralized network, decentralized community, decentralized exchange but not decentralized marketing yet?!?

We have a perfectly working decentralize marketing program. Can't you see. When it is decentralized there's no one person entity that can be held accountable for results which means there is no way to measure results. Decentralize means efforts can't been focus properly so we get what we have.

128
Autobridging would be very nice indeed.

In the mean time.  I've set up a bot with a similar function, that is at least watching a bunch of pairs on the DEX and will route them through various other pairs including many external exchanges 2 and 3 hops if there is a match.  It is nice that there is this connection but it would be much better if the orders were actually viewable on the book.  A bot could certainly place these orders themselves in a copy cat fashion but I havn't identified all the risk for this or how best to approach it myself.

At the moment I'm watching just over 400 different routes, 18 coins, on 6 exchanges including the DEX.

So the books may look empty but many of them are in fact being watched, and will take your order if it is good.

What are the advantages/disadvantages of having the DEX itself do this vs. a 3rd party replicating the function?
Can you do triangular arbitrage? https://en.wikipedia.org/wiki/Triangular_arbitrage

I was thinking of this awhile ago, but didn't know the term for it. We can then create synthetic markets for low volume pairs. This would be great for the smartcoin markets.  By knowing the usd/btc price of most assets, we could calculate prices for many of the other market pairs.

129
Technical Support / Re: Change "TRADE" & "TRANSFER" to "DEX" & "SEND"
« on: March 05, 2016, 04:49:30 pm »

Looks good, but I am not sure about the assets and accounts button. It seems they add a bit confusion between meaning my assets/accounts versus the global assets/accounts Not sure where to move them to or under.

131
We really need ui/ux team to go through are fix the wallet.

132


Could we just use the witness order we have for signing blocks. Just make it last 15 witness have multisig.

133
General Discussion / Re: Potential BitShares Road Map for 2016
« on: March 02, 2016, 07:26:15 pm »

If we implement sidechains, what happens to collateral that's tied up in bitBTC? Do we remove the shorting function for bitBTC. Will the BTC sidechain be for a new BTC Smartcoin?

134
Meta / Re: Remove Partners Sections from Home
« on: March 02, 2016, 06:22:29 pm »

I don't have a problem with Openledger/CCEDK being listed as Partners, I believe Ronny is an example of what a partner in the Bitshares ecosystem is. We just have to have a clear definition of what that means. Does issuing a press release with the word partner in it make you a partner? What does it mean to be a partner to a decentralized company/organization mean in the first place. Using the term partner could make us unique in that sense.Below is a list of the forums of other some of the other top coins, none list a partners.

https://forum.ethereum.org/
https://forum.safenetwork.io/categories
https://dashtalk.org/
https://litecointalk.org/
https://forum.ripple.com/
http://doges.org/
https://www.peercointalk.org/
https://forum.getmonero.org/


135
What's the big thing here? Isn't Microsoft that evil big corporation that produces unusable and annoying software and destroys projects that it "cooperates" with?

I worked for Nokia when Elop became CEO. When he announced that Nokia will start to use Windows I knew that it was the end Nokia phones. I'm still a little bit bitter about that.  >:(

Community is just being a little schizophrenic atm. On the one hand we want to get some name recognition via other companies that have some association with Bitshares. On the other we are trashing any relationships thus far made with any businesses that are supporting Bitshares at present: https://bitsharestalk.org/index.php/topic,21699.0.html


Which other blockchains have a partners section?

Just the 2nd largest market cap one.. 4 sections of them: https://consensys.net/ventures/

OH.. and 2 days ago from the 3rd: https://ripple.com/insights/ripple-partners-with-crypto-facilities-for-xrp-derivatives/

It is basic good business and signal to investors. The idea to remove that from visibility only makes bitshares look like an unused product that isn't good enough for any company to want to adopt.


What do a handful of forum goers do? Have forum polls to make sure nobody who is a supporter of bitshares is ever seen or heard in the one small communication channel (the forum) that bitshares has. Not a plan for winning.

While I agree with the Change from Partners to Third Party Projects, I think something like the top 5 most popular should be directly listed on the forum.  (On the forum under 'Local', I would probably only directly list 'Chinese' and then put everything else in 'Other Global Areas' and save space there. )

That would be a step forward. Though having a place away from the forum that is meant for this type of info would be most ideal.
Those are blog post and press releases. No problem with that. Show us the sections in their forums dedicated too them.

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