The github release notes for 0.4.21 say "Claimable interest yield is now calculated as a fraction of circulating asset supply rather than total asset supply." What does circulating mean? Is that just total bitAssets not on orders?

Hey Music team,

My brother has a folk music duo (they're called Smith House; their first album/EP "The Raw and Rich" is available on iTunes) that he's been playing with for a couple years, and he's looking to raise funds to record a second album. He could start recording soon, and he's been asking me about how to do some kind of crypto-currency crowdfunding. Obviously, the best platform for this is BitShares Music; the only problem is that it doesn't exist yet.

So I wanted to throw out the possibility that we could raise funds by pre-selling artistcoins. We only need a few thousand dollars; to make the accounting easy we'd want to do the fundraiser exclusively in BitUSD.

I'd launch the funding campaign this week, but my only concern is that we'd be bumping into US securities regulations: we are soliciting donations with this promise to award artistcoins at some future date. Anybody have any ideas how we could go about this legally without waiting for the launch of Peertracks?

Looks like at the moment only 800M DNS have been claimed from genesis (out of 5B total). That means DNS is currently trading with a low float - relatively few outstanding shares. An additional 1M of sales on Bter would push the price down below 190 satoshi; the first significant buy wall (on Bter) is at 162, and it only has 2M DNS. Of course, Bter isn't the only exchange and just because the orders aren't there doesn't mean the demand isn't there. So these numbers only give us a lower bound on demand.

Anyway, I've a hunch that the price will slide downward pretty steadily until features are launched. Some of this will be people waking up and saying "hey! I have cash sitting there from the snapshot that I can pay my credit card bill with!" And some of it will be people gambling, like I am, that the price has not hit the bottom yet.

Thoughts?

I'd like to draw the community to an important project at Nxt: https://nxtforum.org/index.php?topic=5588.0

Worth a nice laugh if nothing else. Maybe we should sic tonyk on them...

Sent from my SCH-S720C using Tapatalk 2

I'd love to hear why delegates are waiting to publish feeds. Is it simply because they don't know that the community is asking for them, or do they believe the feeds shouldn't be published? I'll refer you to this thread: https://bitsharestalk.org/index.php?topic=8759.0 and the listing of assets here: https://bitsharesblocks.com/assets

In particular, we're 11 delegates short for GLD and 21 short for EUR. Would be nice to get these trading soon!

Weird issue that I can't make heads or tails of. 0.4.13, Windows 7, I've installed all the updates from the File menu. I shorted bitCNY earlier, and now I can't cover my orders. Here's a dump of the console; first I ran wallet_market_order_list and it showed my two margin orders, then I tried doing wallet_market_cover for each and no dice. It's telling me that it "can't find market order", when both orders are clearly mine. What gives? When I try covering from the GUI, it just sits there and does nothing. Doesn't mention any errors, just nothing. I also ran debug_list_errors, and nothing newer than 8 days old.

Here's the console dump:


>> wallet_market_cover peregrine 200 CNY 901b2f6b2fac75ae85853e30f9e15483f71e0bae

20011 unknown_market_order: unknown market order
Cannot find that market order!
    {}
    bitshares  wallet.cpp:4885 bts::wallet::wallet::cover_short

    {"from_account_name":"peregrine","real_quantity_usd":200,"quote_symbol":"CNY","short_id":"901b2f6b2fac75ae85853e30f9e15483f71e0bae","sign":true}
    bitshares  wallet.cpp:4984 bts::wallet::wallet::cover_short

    {}
    bitshares  common_api_client.cpp:1475 bts::rpc_stubs::common_api_client::wallet_market_cover

    {"command":"wallet_market_cover"}
    bitshares  cli.cpp:534 bts::cli::detail::cli_impl::execute_command




>> wallet_market_cover peregrine 200 CNY 825b06382eabbd85d8529d1095a0908fdd7ee1eb

20011 unknown_market_order: unknown market order
Cannot find that market order!
    {}
    bitshares  wallet.cpp:4885 bts::wallet::wallet::cover_short

    {"from_account_name":"peregrine","real_quantity_usd":200,"quote_symbol":"CNY","short_id":"825b06382eabbd85d8529d1095a0908fdd7ee1eb","sign":true}
    bitshares  wallet.cpp:4984 bts::wallet::wallet::cover_short

    {}
    bitshares  common_api_client.cpp:1475 bts::rpc_stubs::common_api_client::wallet_market_cover

    {"command":"wallet_market_cover"}
    bitshares  cli.cpp:534 bts::cli::detail::cli_impl::execute_command




>> wallet_market_order_list CNY BTSX


TYPE        QUANTITY            PRICE                         BALANCE             COST                COLLATERAL          ID                                 
================================================================================================================================
cover_order 1,320.00000 BTSX    0.17045454545454543 CNY / BTSX199.9999 CNY        224.9999 CNY        1,760.00000 BTSX    825b06382eabbd85d8529d1095a0908fdd7ee1eb
cover_order 75,710.77695 BTSX   0.16786034019695613 CNY / BTSX11,296.7438 CNY     12,708.8367 CNY     100,947.70260 BTSX  901b2f6b2fac75ae85853e30f9e15483f71e0bae



Why is the average delegate USD/BTSX equal to 0.0556??? According to http://bitsharesblocks.com/#/assets/asset?id=22.

What is the feed number used for? Does it affect margin calls, or is that just the market price? If margin calls depend on price feeds, no wonder the peg is so far off - delegates are saying that a BTSX is still worth 5 cents, so we haven't had the flood of margin calls that should have blown out the shorts of all these people trading against the peg.

If the feed doesn't really affect anything, then ignore me. Otherwise, delegates are not doing their job. Only a very few delegates are feeding an accurate price.

I spend a small fraction of my time on the Nxt forum, and now and then I mention BitAssets. I am overwhelmingly met with extreme skepticism, bordering on arrogance (or, I hope, hubris). People in the Nxt community generally refuse to accept that the market peg will hold, so nobody over there has made any effort to build similar functionality into the Nxt system.

This is good! This means that BitSharesX will have a solid first-mover advantage over its competitors and that everybody else will have to play catch-up. However, as soon as it's clear that the peg works, everybody and their mother will start scrambling to issue their own market-pegged assets. I think it's very unlikely that a copy-paste Bitshares clone will offer any real competition to BitSharesX, but the Nxt community has a number of excellent devs who could whip up NxtAssets in a month or two. As soon as you can trade Nxt/NxtUSD, BitSharesX will have a real competitor. The Nxt community probably isn't as big as the BitShares community (particularly in China, which works dramatically to our advantage), so their network effect won't be as strong, but they have a ready-made POS platform and an excellent Asset Exchange just waiting for a market-pegged assets implementation. We should be on our guard for this!

Here is what I propose: As soon as we have BitUSD/BitGLD/BitCNY, someone in the Bitshares community should go issue them as assets on the Nxt AE and set up a gateway like Pharesim did with PTS, LTS, BTSX on NHZ here: http://dacx.nhzcrypto.org/. The basic idea: we infiltrate the Nxt system with our own market-pegged assets before they have a chance to create their own. That way, when they finally implement their own market-pegging (which they most surely will do eventually) they'll have to compete with an asset on their own asset exchange for market share. We will already corner the market on fiat-pegged assets on their asset exchange.