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Messages - bench

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226
You ask for a budget of 1000 Dollar:
You should first share a link on steemit, whaleshares/bitsharestalk.io for your project and you get instant reward by whales.
Promote this platforms with your content, is way more fun than a worker proposal.

227
Having an VM is a big bonus for new companies and adoption. Is there an easy way to put a VM on top of BTS without affecting the core?

Which integration does OpenLedger prefer?
Quote from: charyury
Our approach is all about on-chain. We believe smart contract is something that modern blockchain must have. Bitshares is perfect blockchain for business solutions, smart contracts is just one last thing still missing. Regarding performance, it is more a matter of correct pricing model. More paid transactions means more activity in the ecosystem, this is what all stakeholders are looking for. At this time Bitshares is definitely underutilized, there is huge space for transactions count increase.

228
In what timeframe? I think Bitshares needs first some upgrades of UI, core and website, when this happened some extra money on marketing could be spend.

229
General Discussion / Re: New mechanism to prevent bad debt (black swan)
« on: October 22, 2018, 02:13:57 pm »
@armin: You are right. Problem is liquidity reduction and lowering the feed price will also lower the MCR.

@FractalNode: You want to use fees to pay interest ?

We can archive market peg by changing at first:
1. MCR
2. MSQR
http://docs.bitshares.org/bitshares/user/dex-short.html

The difference of feed price and DEX price should be seen in context of EMA and DEX Price.

230
You can sent a memo to seyseich66 by the send button and ask him, if he can return 90% to you.

231
General Discussion / Re: New mechanism to handle bad debt (black swan)
« on: October 19, 2018, 02:40:32 pm »
The account with collateral under 1 gets a negative entry for BTS and will be balanced to 0, when price of BTS is high enough again?

Isolating the problem is the best way dealing with this problem, but we need to make the barrier as high as needed to not get a black swan.
This fits better in a different topic:
https://bitsharestalk.org/index.php?topic=27315.0

232
General Discussion / New mechanism to prevent bad debt (black swan)
« on: October 19, 2018, 02:21:30 pm »
In this topic I want to discuss different ideas to prevent bad debt.

One idea was to handle margin positions depending on the collateral ratio.

Creating three groups for different ratios:
- 1.75>x>1.5: normal call price
- 1.5>x>1.25: reduced call price
- 1.25>x>1.00: sell to highest call order and reduce liquidity

What do you think ?

233
General Discussion / Re: Margin Call stopped working
« on: October 18, 2018, 11:07:33 pm »
Actual situation:
BTS is traded around 0.096$ and feed price is around 0.12$ and than there are people having a margin call until 0.15$ (<1.4), but don't get called because they are selling at 0.11$ and no one is buying at this levels.

We can put the margin call price higher to not get margin called, but we can't rise the selling price from people, who are getting margin called.

Will the price be adjusted to the real selling price, after hardfork ?

234
Adding smart contract possibilities is a good thing, but we should not allow smart contracts on the core level.

Performance/costs and security will not rise, when implemented?

235
Stakeholder Proposals / Re: BSIP22
« on: September 30, 2018, 05:36:00 pm »
Support from my side, too.

236
Stakeholder Proposals / Improving Lifetime Membership
« on: September 30, 2018, 02:53:20 pm »
The Lifetime Membership (LTM) is not very attractive at the moment, compared with other platforms.
Openledger already did a great job by providing a registrar with 0% and gives the full 80% to the referrer.

The problem is that LTM is excluded from a big chunk of fees (Gateways/Market Maker).
To solve this problem three things should be changed:

- Taker fee should increase 10x compared to maker fee, because this can be count as a transaction, except the margin call side
https://bitsharestalk.org/index.php?topic=27164.msg322698#msg322698

- Gateways should fully implement a 40% cut on all fees to LTM, thanks to OpenLedger
https://github.com/bitshares/bsips/issues/102

- The market maker fee of 0.1% for USD/CNY should be split:
-- 0.05% goes to the trader
-- 0.01% goes to a community-workers budget to finance projects like
https://steemit.com/bitshares/@bangzi/bitshares-community-100-cities-100-stores
-- 0.04% is used to buy back BTS and share drop on LTM

The people with an LTM are the most important people on the BTS platform and are essential for:
- creating content about BTS
- getting new users
- helping new users
- reporting bugs
- integrating new projects
- providing liquidity
- increasing volume

Without a fully integration of the fees to the LTM, there is no substantial demand for an LTM, grow in user base and adoption.

The chart of account upgrades shows the full dilemma:

237
General Discussion / Re: On The Importance of Bit.GOLD
« on: September 27, 2018, 11:11:32 pm »
The bitGold and bitSilver are not any longer backed by BTS or no longer need to be backed by BTS because of the black swan?
How was the black swan solved?

The black swan comes when one collateral is under the ratio of one. Are they any thoughts how we can prevent the market from an individual?
Maybe we should set the min. call ratio to 2.0 for bitSilver, bitGold and bitBTC?

How can we increase the supply of bitGold and bitSilver without borrowing?

238
General Discussion / Re: Somebody might enlighten me why BSIP42 on BitUSD ?
« on: September 27, 2018, 08:20:49 pm »
The feed method should only be changed, when we have enough experience and knowledge in the CNY market.

239
General Discussion / Re: Maker Taker Incentive/Fee parameter for Assets
« on: September 27, 2018, 02:26:42 am »
I don't think it is too complicated to add an extra line for TAKE ORDER (0.0578 BTS) and make it even 10 times bigger than PLACE ORDER.
I don't know how much changes on the core side are needed.

The fee structure should benefit liquidity provider and punish people, who reduce liquidity.
230k filled orders * 9 * 0.2 * 0.00578 BTS would generate an extra income of 2000BTS/day for reserve pool.

At the end of the day a maker, who makes several orders and cancels it, should pay less fee, than somebody just takes an order.

Edit:
On the margin call side the taker should only pay the maker fee, to help the market.

240
General Discussion / Re: Margin Call stopped working
« on: September 27, 2018, 02:19:32 am »
On 2018-09-13 21:54 CEST there was a margin call at 0.0947 bitUSD/BTS.

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