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Messages - Thul3

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376
Its a big mistake to change MCR in a downtrend.It will have zero impact because of bad timing.
Instead we could use it in a real uptrend with clear singals to push BTS and make external traders join that push to pump it back up.
In a downtrend you won't see much of an effect.....you even risk getting quicker near gs....... losing again its pegg and reputation.

Patience is a virtue

377
Quote
Is the price of the DEX fake? The daily turnover is tens of millions!

Increasing the feedprice would take with a MSSR of 1.02 the last rest of possible arbitrage from margin calls.

I monitored feedprice ,cex price (from mainly real volume excluding the big fake ones) and will post my thoughts after holiday.

However i have to disagree with bitcrab.

378
Your issue is thinking that main growth comes with diffrent settings where real growth comes with new users,investors and businesses

379
General Discussion / Re: Introduce CEX in governance?
« on: April 14, 2019, 07:32:09 pm »
Quote
CEXs do not have BitShares best interest at heart (they are competitors after all)
They do not follow our governance and have no idea what is going on in the ecosystem

Thus  their voting would be totally biased and uninformed.

Then you say that "Don't worry, I'll tell them what to vote". How is that different than them setting you as proxy and being back at square one regarding centralisation of voting?

And that's not an attack at yourself. I trust your intentions regarding the wellbeing of BTS greatly. Still, it just promotes further centralisation.

I'd rather have us all work towards getting more people involved and voting instead to fix this.


And here it goes.
ZB now also voting committee members.Of course the trio bitcrab,jademont and abit .
How often have i heard these names as trio ?

Of course they used now also the votes to add bitcrab additional votes as witness.

A nice trojan horse of bitcrab again to increase his voting power by
"Don't worry, I'll tell them what to vote". How is that different than them setting you as proxy and being back at square one regarding centralisation of voting?"


Based on that i will remove my voting on these members as committee as i see that voting as unfair.The same goes with witness gdex-witness (which caused now by the way that a 110 million stake  is voting to have only 2 witnesses in total ,showing how much "they" understand about the voting system of bitshares)

380
Quote
People who want to work as lobbyists need to comment on the work proposal thread and leave the information of bts account, email and which exchanges he/she want to lobby, if finally the exchange open smartcoin market, the lobbyist need to provide evidence that it’s his/her work that make things happen.

Thul3 are applying for HitBTC.

account
b-dex

email
prefer to not provide our email adresses in public because of spam.

381
https://coinmarketcap.com/exchanges/zbg/


It has 3 times the volume of LAtoken on coinmarketcap .Its 100% not real but it surly has way more liquidity than LAtoken.
Also ZBG is a platform to gain attention and liquidity and once received it automaticly moves to ZB.
There is also always a good chance of merging like Huobi did in the past with Huobi Next.

382
I spoke to zb.com last year and they informed they had already listed bitCNY - I couldn't quite get to the bottom of it and it seemed there had been issues with paused withdrawls etc.

I think it was because of low liquidity.So ZBG would be a perfect step to get back to their main flag ship a real TOP10 exchange.
Also ZB's traffic is very interresting as its mostly asian (Japan,Korea,China)

383
Quote
This!
I hope the lobbyist will take the responsibility to connect with the exchange for all following matters, like software update, bug reporting, etc..

You don't need to look far away.It's enough to look at that thread at ZBG is that offer is valid.
ZBG is the door opener to ZB.Should bitcny succeed on ZBG it gets moved automaticly to ZB.
ZB is already getting activ on Bitshares as Witness and Proxy so what better opportunity you can get ?

But instead for BTS/BitCNY it should be for bitusd/bitncy as thats what the worker was for.

384
LATOKEN are consistently top 20/25 so bring profile and they have a decent ranking on Alexa which implies a good portion of the traffic/trading is legitimate.

Out of the top 50 exchanges there are periodic concerns with traffic/trading volumes.

The point here on this worker was to get us listed on some exchanges so that people start actually hearing what bitCNY/USD are.

I agree with Xeroc's point we should be specific with workers moving forward as here I had probably 5-6 options that satisfied the criteria back in Nov. Only one listing took place so far and that was for a non-top 50 exchange.

You have some power now as a proxy Thul to support/propose good workers that will add specific value to Bitshares as you see it - have you thought about what these will be or what you would like to see being proposed?

I think bounties are good, more specific and clear the criteria the better to avoid cases of disagreement among the community.


The problem is these exchanges are in reality no top 50 CMC exchanges.They aren't even TOP 300 .They use fake volume to attract people to list their coin as their main income are listing fee's.
What does it bring bitassets to get listed on Latoken when it will bring zero volume or liquidity.That was not the purpose of that worker.
The purpose was to expand bitassets to exchanges to get real traders ,real liquidity and real volume.
Having bitassets listed on LAtoken i can tell you exectly what will happen.There will be zero volume because wash trading is not included in the price or there will be fake volume only with no liquidity.
In general you will be only able to buy and sell based on the amount of assets (own coin) you provide them.So where is the benefit in listing these bitassets when you don't get any new liquidity but only the one you gave them previously beside the BTC payment ?

Also why didn't anybody tried to get a real TOP 50 exchange ?The answer is because its difficult and thats why this bounty was created in the first place and not to receive bounty for exchanges which are asking each shit project to get them listed on their exchange.Contacting them and making a deal is nothing which would justify such a bounty.

I doubt you are going to deny it was easy to get an offer from IDAX,LAtoken,IDMC etc .......these exchanges have their people activly looking for any coin getting listed on their exchange.
They do no DD and accept even the biggest scam coins.


I said months ago if you want only fake volume i will open an exchange and get it with wash trading on #1 on CMC and will take the 1.5 million bounty for providing fake liquidity or to say it directly for nothing.

My intention is to expand bitshares by accuiring real growth and not by faking volume which won't do anything to the bitshares ecosystem beside losing a big amount of BTS.

385
On LAtoken .
4th highest BTC trading pair based on volume with 372 BTC 24h volume (REP token)



Somebody is going to explain to me that volume when there is only one single real sell order worth 0.01 BTC ?
At least its nice to see their wash trading bot how it works which is jumping from coin to coin.

XLM #2 on volume 2125 BTC . Check their buy order book.Its even impossible to sell $1000 worth of XLM without dropping the price by 50%

What liquidity or trading volume for bitassets are we talking here?

Liquidity of their BTC-USDT pair (volume 81k BTC) .Amount of BTC in sell orders from $5220 to $5320 is $2200 and all bot offers as they recaulculate each second

When people voted for this worker i doubt they meant this kind of top 50 CMC exchanges.

$14k bounty for an exchange with no liquidity begging to list coins is not something i support.

386
@matle85 has created a transfer proposal for the smartcoin-marketing account which asks for ~800k of funding separated into listing fee and bounty for LATOKEN.

Re-reading the opening post, I believe it is too vague procedure wise. For instance, the bounty should be paid out separate from the listing fee (IMHO).
Additionally, I don't think we, as a community, are in a position where we can demand *more quality* exchanges to list BTS .. and *in particular* bitCNY and in
case of LATOKEN, i think the cost/benefit ratio is justify-able.

Hence, I will approve the proposal "1.10.26875"

I disagree.
HitBTC is an exchange which is doable but it needs time and communication.I started together with matle85 to talk to HitBTC and they seem to be interrested but they are working slow.
Nobody even tried to contact HitBTC or any similar seize of exchange as it is way more difficult and more time consuming instead we got offers from exchanges which main income are listing fee's instead of trading fee's.
I get bombarded weekly with offers from IDAX,LAtoken,IDCM etc asking to list a coin on their exchange for a listing fee with discount.

Here just from last week

Quote
Hello!
I'm Anna from LATOKEN Exchange. We are interested in listing your token at our Exchange ($450m daily trading volume). Please tell me whom I can talk to to discuss our offer?
Her telegram handle @anna_latoken .You can make a deal with her in 5 minutes.

387
General Discussion / Re: Introduce CEX in governance?
« on: April 09, 2019, 07:10:32 pm »
First CEX entered as Proxy and applying for witness using their members deposit for voting..Already voted for major parameters on bitshares.

I won't support those CEX as they don't have BTS which where delegeted to CEX as their proxies and i also don't consider them as bitshares community.
I do not wish that any exchange where i got my own BTS deposited uses them to make votings with them without my consent or which are against my belives.

@bitcrab you just opened the pandoras box where soon CEX will decide nearly about everything since communities vote won't matter anymore.That is not a decentralised solution at all and very unethical.


Quote
Then you say that "Don't worry, I'll tell them what to vote". How is that different than them setting you as proxy and being back at square one regarding centralisation of voting?

And that's not an attack at yourself. I trust your intentions regarding the wellbeing of BTS greatly. Still, it just promotes further centralisation.

@bitcrab what final benefit do you want to achieve getting CEX involved on bitshares which makes basicly communities voting power worthless?

388
IDCM is even worse than BIKI.

Alexa rank 420k (no traffic at all) for idcm.io which isn't working for me from 3 diffrent places. idcm.cc is working but has a rank of 2200000 on alexa

Many scam accusations and lawsuits because of hacking (They got a very bad security reputation and are also sued by a crypto foundation because of that)

They claim to be a chinese exchange based in HK but main traffic is HK,Nigeria,Vietnam,India,Turkey

Opinion on feixiaohao.com bad 1 1/2 star from 5.

Any other shitexchange has better parameters than that exchange.

Did you monitored their main trading pairs BTC/USDT and ETH/USDT ?
Big spread between sell and buy order so high that i highly doubt there is any significant volume at all.You can see the wash trading each second being executed.The diffrence between buy and sell order on BTC is $60
The worst part is the exchange itself seems to be very buggy.
When going to ETH/USDT or EOS/USDT pair it was switching prices each second from BTC to ETH and back to BTC.

I can't imagine bitshares which is trying to deliver highest security to its users to pay for a listing to such an exchange.


389
Stakeholder Proposals / Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.6
« on: April 07, 2019, 08:29:25 pm »
When do u think the right time to reduce MCR?

In arround 2 months.There are many indicators we will see a last final bigger downtrend (third bottom) before getting the real uptrend.
Reduce of MCR should only happen in real uptrend to avoid getting negative effects in a downtrend.

390
Stakeholder Proposals / Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.6
« on: April 06, 2019, 09:13:31 pm »
I voted against the reduce of MCR not because that i'm in general against it but because i belive its not the right timing to currently reduce MCR from 1.75 to 1.6 .
Timing on reducing MCR is a very important part.

Example OMO fund.Would we have used the OMO fund at a later time it would have significantly supported the supply of bitassets and value of BTS.The ground idea of the OMO fund was/is good but executed on a wrong time which caused in the end more damage than support because of wrong timing.

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