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Messages - R

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901
General Discussion / Re: WeChat group "BTS Whales"
« on: April 25, 2017, 11:59:03 am »
So what.. a chatroom for approx 15 people? What's wrong with the Bitshares telegram group?

902
General Discussion / Re: Decentralized proof of stake payout system
« on: April 23, 2017, 02:14:12 pm »
If we had custom dividend rules for UIA, you could potentially set an x% issuance per year to be distributed to said UIA asset holders - you would be able to migrate POS cryptos to such a system with a one-way-peg.

903
General Discussion / Re: btsbots wallet release v0.0.1
« on: April 21, 2017, 12:28:06 pm »
Have Gridcoin price feeds been added yet? I'm itching to get market making! :)

904
How would we cover the 100% collateral though? Poloniex does this with a centralized insurance fund..

905
Congratulations on launching the RuDEX, it looks great! :)

906
General Discussion / Re: Professional Price Feeds for DEX
« on: April 17, 2017, 02:33:13 pm »
Ideally all witnesses should be publishing feeds.

907
If you reward a short sale, you increase the price of the BTS
If you pay interest for everyone who has bitAssets, then you will create bitAsset buy wall,
which will make it difficult to increase the BTS price.

That's why I do not like this idea.
But I think it would be most beneficial to pay dividends depending on the amount of collateral and open orders on DEX and only for LTM.
It should also be easier to implement.

Similar ideas were discussed here:
https://bitsharestalk.org/index.php/topic,23706.0.html

Anyway, first we have to be able to pay dividends or any other kind of simple profit sharing
Less BTS in circulation (more BTS locked up in bitAssets) means less BTS on the sell side thus easier to increase the BTS price.

908
How much "interest" do our miners make daily?  Do they want to share it with the users of their chain?

Or do they choose to keep all the freshly created BTS for themselves?

Your questions were answered long ago when you chose not to subsidize liquidity, and so the capable man who wanted to code liquidity incentives for us for free, left.

Back then (before we voted to give our miners a raise) we said it would be too dillutive to incentivize market makers.  How hypocritical are we?
Witnesses (what you're referring to as miners) draw funds from the reserve pool, we're talking about reallocating fees for the purpose of profit sharing for asset holders.
The guy that left wasn't going to do it for free.
Who cares about the hypocracy of others for past forgotten conversations? The point of this thread is to look forwards not backwards.

909
General Discussion / Re: Bitshares price discussion
« on: April 14, 2017, 02:26:29 pm »
I think that once we reintroduce interest/profit-sharing for MPA/UIA we'll see a significant increase in Bitshare's value.

910
General Discussion / Re: why so many fork???
« on: April 14, 2017, 01:08:17 am »
Can you elaborate on what you believe is going on? Are witnesses malfunctioning/misbehaving?

911
General Discussion / Re: btsbots wallet release v0.0.1
« on: April 13, 2017, 03:28:21 pm »
I can't seem to run a bot on OPEN.GRC:OPEN.BTC, are there price feeds from poloniex for Gridcoin?

Are there plans for additional price feeds from alternative exchanges?

Also, I spotted a small potential glitch in the website - when I try to remove the default favourite trading pairs and add my own favourite pairs, the default pairs return and erase some of my favourite pairs.

Cheers

912
so who's formulating the idea and approaching blockpay.ch (via email)?

so... anyone?

Why not you fav? Your idea, take it and run with it. Just think, if you put the same effort into writing ken an email to look at key posts in this thread you believe are convincing, the task you're requesting others to do would already be done.

I know @kenCode and his team have a full plate of work, so I am doubtful on that basis alone he'll be interested in taking this on, but it never hurts to ask. IMO it's a worthy project that has great potential. Whether he agrees or wants to invest the effort to assess the code and then get a proposal written is any one's guess but his.
We could all discuss it in the next Bitshares hangout in person too.

find a dev > get a quotation > then discuss > get shit done

or discuss on a hangout and spin in cycles like this thread.
And we can't get 'dev > quote > discuss > get shit down' done in a hangout instead of emailing a single company?  I believe that the Bitshares hangouts are tremendously productive and more effective than emails.

913
so who's formulating the idea and approaching blockpay.ch (via email)?

so... anyone?

Why not you fav? Your idea, take it and run with it. Just think, if you put the same effort into writing ken an email to look at key posts in this thread you believe are convincing, the task you're requesting others to do would already be done.

I know @kenCode and his team have a full plate of work, so I am doubtful on that basis alone he'll be interested in taking this on, but it never hurts to ask. IMO it's a worthy project that has great potential. Whether he agrees or wants to invest the effort to assess the code and then get a proposal written is any one's guess but his.
We could all discuss it in the next Bitshares hangout in person too.

914

I would argue perhaps we should offer 1% to anyone who holds BTS. It's a small amount but would be a great marketing tool and generate interest. Just like the dredit card companies like avertising 1% cashback on purchase.
Yeah, I believe that dividends should be distributed against both BTS and BitAsset holders. How much more should we incentivise holding bitAssets over BTS thpough?
Should it be that bitAsset fees go to bitAsset holders, and BTS goes to BTS holders?
I was listening to the 3rd Bitshares hangout (https://soundcloud.com/beyond-bitcoin-hangouts/bts3-w-christopher-hering) and they were talking about users specifying the asset they wanted their dividend to be payed in, which would be pretty cool!


Stay away from the +5% not because it sounds a certain way, but once you start promising percent points on things in a network that is based on set fees and not percent points, you will just be setting up the network for failure.
What about 'x% on anything' a variable interest rate, or do you think this is more confusing than just 'earn a share of the BTS DEX profits' ?

  • 1.  Implement our profit sharing code thanks to Peerplays development
  • 2.  Implementing Chainbase (thanks to steem) so that we can have real trading tools in the GUI with historical charts and graphs. This will attract a lot of high end traders who want to be able to do analysis but cannot due to lack of metric tools in our GUI
Numbered your list for easier referencing.

1. The code you refer to, is that this: https://github.com/BunkerChainLabsInc/peerplays-profitshare Or are you referring to the updated Peerplays code base? If the later, could you elaborate on the software license in use for Peerplays? The above github repo is MIT, but I'm unsure about peerplays itself.
2. This? https://github.com/bytemaster/chainbase What are the potential benefits of integration for Bitshares?

915
General Discussion / Re: Adjusting how bitshares fees get distributed.
« on: April 11, 2017, 05:19:57 pm »
means existing businesses (OL/Blockpay/etc) lose 30% of income stream and get nothing in return.

sounds like a great idea to drive them away, then we can watch grass grow here, because bitshares will be dead for good
This is true.. perhaps it'd be best to make the change to fee distribution once integration of the dividends mechanism is underway?

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