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Messages - R

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841
I have written up a draft BSIP-020 regarding profit-sharing for UIA tokens; previously BSIP-019 covered both MPA & UIA however it was suggested to split the BSIP so as to separate the different required functionality (minimizing confusion).

I would massively appreciate input on the BSIP.

https://steemit.com/bitshares/@cm-steem/bsip-020-draft-introducing-profit-sharing-dividends-to-bitshares-uia-only-input-would-be-massively-appreciated

Cheers,
CM.

842
General Discussion / Bitshares UI Customization Guide!
« on: July 02, 2017, 04:48:19 pm »
Hey,

Fuzzy contacted me on Telegram regarding the potential development of customized web wallets, so I created a draft guide regarding how to customize the Bitshares UI. The aim of this guide is to provide a fast on-ramp for new UI developers.

The guide covers the dev environment setup, editing the header/footer, changing the featured trading pairs throughout the UI and how to create new themes.

I'd greatly appreciate input on the guide, it's open source & MIT licensed on GitHub so it's open to the community to aid its development:
https://steemit.com/bitshares/@cm-steem/bitshares-ui-customization-guide
https://github.com/grctest/BTS-UI-Customization

Cheers,
CM.

843
Quote
We need people talented enough to replicate STEEMIT if they wanted to. We are working on a large scale project and will pay for your time, and offer you a spot on our team.
Steem is MIT licensed & open-source, it doesn't take an ICO to create a fork..

844
General Discussion / Re: BlockPay in Serious Trouble
« on: June 30, 2017, 08:23:33 pm »
https://steemit.com/bitshares-munich/@onceuponatime/so-what-s-been-going-on-in-bitshares-munich-part-3

845
You shouldn't store your BTS on centralized exchanges, trade within the BTS DEX!

846
General Discussion / Re: Cryptofresh update, feedback
« on: June 27, 2017, 11:22:14 pm »
I'd fully support a worker proposal for cryptofresh development if it is fully open sourced.
Likewise, I'd upvote any steemit posts about its development.

Thanks for all the work you've dedicated to bitshares.

847
General Discussion / Re: Should BTS DEX buy into the EOS ICO?
« on: June 26, 2017, 01:21:43 pm »
Given a BSIP explaining the intentions behind buying EOS, perhaps.. otherwise this just looks like gambling.

848
Looks good thus far, have you considered a worker proposal so you can spend more of your time developing this?

Keep up the great work! :)

850
I don't know what payouts are we talking about here if in another thread core bitshares dev complains that bitshares reserve can't afford hiring a team of devs to fix essential flaws.
It's absurd to suggest that the BTS DEX cannot afford developers, the reserve pool has hundreds of millions of Dollars in BTS at its disposal. The higher BTS gets in marketcap, the higher the reserve pool becomes.

So why not start spending these funds for hiring a team of professional developers first?

You don't hire someone without first coming up with tasks for them to perform. I have created a BSIP (working on splitting it in two), thus this feature request has taken a step towards potentially being developed.
Worker proposals can now be created from within the GUI, not just the CLI - we'll likely see more activity.
Point is, if someone's saying that we can't afford 'x' then they're wrong, people just need to take the initiative to work on proposals.

851
I don't know what payouts are we talking about here if in another thread core bitshares dev complains that bitshares reserve can't afford hiring a team of devs to fix essential flaws.
It's absurd to suggest that the BTS DEX cannot afford developers, the reserve pool has hundreds of millions of Dollars in BTS at its disposal. The higher BTS gets in marketcap, the higher the reserve pool becomes.

852
General Discussion / Re: BitCNY Price discrepancy
« on: June 22, 2017, 03:18:56 am »
Vote for witnesses who provide accurate price feeds.

853
General Discussion / Re: DNS
« on: June 21, 2017, 09:27:58 pm »
l did ask them quite  a few times this is Bter last repond
The BTS for DNS is yet to be distributed


If that's what they're telling you, then they're lying.

854

The BSIP doesn't provide a solution to Yield Harvesting because it doesn't create the issue in the first place. Profits would be sharedropped onto asset holders on a scheduled basis; this proposal is not vulnerable to the 'Yield Harvesting' issue that 'Socialized yield' was.

Please explain. AFAICS BSIP-0019 proposes to pay dividends on bitassets (among others).

What stops me from using my BTS for shorting bitassets into existence and keeping them in my wallet, with the goal of collecting dividends for them?

There's nothing preventing you locking up your BTS as smartcoins for the long term, by doing so you are removing BTS from the liquid supply and become eligible for earning dividends.

To avoid abuse of this mechanism we could evaluate the average asset holdings since the last dividend payment or only allocate dividends for the time that these assets have been in an user's wallet for (if the user has held the coins 14 of 30 days in a 30day dividend schedule, they only receive the 14days worth of dividends).

855
AFAIK the recent profit of our DAC stems from a giant refund paid by Xeroc's worker. We're far from a situation where the fees regularly exceed our costs.

Your BSIP lacks a solution to the Yield Harvesting problem.
The previous estimate of 1 million BTS in fees per month is approx $320k, given that value was $6k when this thread started I believe the proposal is even more viable. It's up to the committee to figure out fees pegged to the dollar/cny so that we have accurate witness pay (and increased profitability of the DEX).

The BSIP doesn't provide a solution to Yield Harvesting because it doesn't create the issue in the first place. Profits would be sharedropped onto asset holders on a scheduled basis; this proposal is not vulnerable to the 'Yield Harvesting' issue that 'Socialized yield' was.

---

I'm splitting the BSIP in two - one for UIA, another for MPA.

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