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Messages - Shentist

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241
i updated the headline

next buyback is February 1 2016 between 8-9pm CET

242
General Discussion / Re: Fees are a real problem for the DEX
« on: January 18, 2016, 08:53:01 pm »
I'm really confused by your response.. these are the current fees related to the markets:

http://cryptofresh.com/fees

Limit order create   10 BTS   2 BTS
Limit order cancel   FREE   FREE
Call order update   1 BTS   0.2 BTS
Fill order   FREE   FREE

What is it exactly you are swallowing costs in? Everything is sub-pennies.

I can't charge users for creating an order, or updating their orders, so that cost I will have to swallow... I thought it was cancels that cost a small fee and refunded creates, my bad.

is it even possible to pay for it? if i place an order with my account how would you pay with your account?

243
General Discussion / Re: The value of METAFEES
« on: January 18, 2016, 05:40:49 pm »
What about MUSE trading fees? Will they be included in the next buyback?

hi krondix,

absolutly you can check the fees here http://muse.cryptofresh.com/u/muse-fees-metaexchange


244
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 09:26:49 pm »
Metaexchange is mostly used as a bridge right? If so then get users to pay those fees. An extra 30bts or whatever the fee is in a transaction from time to time isn't much.

monsterer is talking to transfer most of our stuff to bitshares directly. So fees matter, and this should be considered, if we want more exchanges join our network.

245
Technical Support / BTS 1.0 migration 2.0 - BROWNIE.PTS are missing
« on: January 17, 2016, 06:39:10 pm »
i just wanted to import a wallet of mine, but i am missing the BROWNIE.PTS this wallet is holding.

is there a way i can check if i am missing some keys?

i just following xerocs documentations and so far it worked everytime.

246
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 06:23:05 pm »
Something similar to bitmessage ..
But how would BTS ever be profitable then? We end up having a token that you can only use as collateral and has no other benefits .. am i missing something?

IMHO, being able to trade on a decentralized exchange is worth a small fee for transfers/orders etc .. but I can understand the issue people are having with it

charge UIA creation , etc for a higher fee .
one sale of UIA beats fee from 1000 traders .
Basically I agree with this idea.
The system needs fees. If the fees don't come from users, then it should come from the business partners.
Instead of increasing UIA creation fee, I'd rather like to add some kind of fees for using the UIA if possible. For example, an issuer pay 10000 BTS in advance, so the users can make transfers of that UIA for free for a month or so.

//Edit:
Business partners want their users to have better experience of their product, but it's not free, they need to pay for it. Imo it's a win-win.

I agree with this too. 5000 BTS is too cheap for having the most powerful blockchain-based asset in the world. IMHO 20k~30k BTS for long name asset would be better.

how will this change the charged fees from the users?

maybe we can split it. lets say on bitUSD/BTS market, if you place an order under x BTS you will charged a fee, if it is higher and stays x minutes on the DEX it will be charged nothing.

Could we charge the fee after the order is chancelled?

247
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 06:08:12 pm »
Something similar to bitmessage ..
But how would BTS ever be profitable then? We end up having a token that you can only use as collateral and has no other benefits .. am i missing something?

IMHO, being able to trade on a decentralized exchange is worth a small fee for transfers/orders etc .. but I can understand the issue people are having with it

charge UIA creation , etc for a higher fee .
one sale of UIA beats fee from 1000 traders .
Basically I agree with this idea.
The system needs fees. If the fees don't come from users, then it should come from the business partners.
Instead of increasing UIA creation fee, I'd rather like to add some kind of fees for using the UIA if possible. For example, an issuer pay 10000 BTS in advance, so the users can make transfers of that UIA for free for a month or so.

//Edit:
Business partners want their users to have better experience of their product, but it's not free, they need to pay for it. Imo it's a win-win.

the point is, this would not prefent spaming, so how does we prefent this?

if we find a solution for this, we can lower the placing fees and just redirect some fees from the UIA fees to the bitshares network.

248
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 05:57:58 pm »
I found many business runners (bitcrab, monsterer, kencode, and potentially me) are raising issue about high fees. Lower fee may not significantly attract users, but it incentivizes entrepreneurs who actually provide utility for users.
One could easily say that the network cannot be profitable with low fee system. But are we really able to profitable without broader utilities and large user bases? I doubt this.

We should listen real business runners' voice. This is really important for our ecosystem.

the community choose high fees, because of the referral program. the question is always the chicken and egg problem and how the "customers" feel and like our system.

if i am a poloniex user it feels strange to pay for placing orders, the question is, does the user care or know it? maybe not. i am a regular user of both, poloniex and bitshares and
i do not care how the fees are paid. so, i dont know if this is really a problem, or do we just feel this is a problem.

how does other feel about it? did anyone talk with traders about it?

249
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 05:51:35 pm »
so for placing orders we would need a kind of POW to prefend spaming.

but how would this works if i just place my order and then close my wallet?

could we combine it with POS, if you have x amount on your account you can do x orderplacings for free x seconds/minutes or so?

lets say i hold 1.000.000 BTS and i place a buy order for 1 BTC , because i hold 1m BTS i have x orders for free X amount of time.

or

we create something like a discount. if you have filled orders you get a token/UIA, if you have this token your placing an order is free and
the token will automatically removed from your account. should be already possible i think.

just some random ideas.

250
General Discussion / Re: The value of METAFEES
« on: January 17, 2016, 05:01:37 pm »
Sounds great .. could you be a little more open with regards to collected fees? Something like a "collected fees this month" ticker on the webpage?

we will discuss this, thanks for the input!

251
General Discussion / The value of METAFEES
« on: January 17, 2016, 04:16:38 pm »
Hi guys,

after our fundraiser ended i want to share my thought where the value of METAFEES are coming from.

At the moment we have 6220 METAFEES in circulation http://cryptofresh.com/a/METAFEES
all the METAFEES we didn't sold we burnt them.

We sold 50 METAFEES for 1 BTC

Our fundraiser started with an exchangerate in BTS with 1.500 BTS each METAFEES or 75.000 BTS each BTC.
Right now 1 BTC is worth 128.000 BTS.

We recieved more BTS then we needed so we converded some into BTC, ETH and NXT.

Right now our liquidity pool holds 50% BTC, 25% ETH, 20 % BTS and 5% NXT

So the liquidationvalue will rise and fall with the value of these coins and METAFEES will act in this way like an cryptoindex, backed by the value of the liquidity pool.

As a "bonus" each month we are doing buybacks for METAFEES with 50% of our collected fees, so over time the METAFEES in circulation will decrease and our liquiditypool will stay the same.

252
General Discussion / Re: an important feature maybe usefull
« on: January 17, 2016, 03:58:18 pm »
could this be implemented via FBA?

the FBA pays for the needed coding, i think you don't need an escrow if we can do it similar to the exchange.

1. i register the account and create my sell order "sell for 100 USD my account"
2. someone can buy it from me and it is done.

so we "just" need how long this will be needed and then the community can decide if it is worth to implement it.

253
General Discussion / Re: Mt Gox > Cryptsy - Time for BTS?
« on: January 17, 2016, 03:55:14 pm »
for example https://metaexchange.info/markets/METAEX.BTC/BTC

look left top you will see the maximum recommended sell side or, this is the created METAEX.BTC for customers.

In my opinion the best part will be something like BTC(on your wallet; no 3rd party risk)-->METAEX.BTC(3rd party risk)-->bitBTC(pegged asset on your wallet no 3rd party risk)

so goal should be to minimize the 3rd party risk as low as possible. so you should not hold all your coins on poloniex, bitshares UIAs or bitshares

in anycases you can loose some of your assets. spread the risk, use different computers, make yourself as risk free as possible.


254
Enjoy: http://hoskinsoncharles.blogspot.com/2016/01/goodbye-mike-and-some-thoughts-about.html I even mentioned Bitshares.

you even mentioned Bitshares - kappa!

you made a post of x1000 words and the name of Bitshares is 1 word of it.

you talked a lot of solving the problems, but it seems we have no solutions for this problems, because we are not mentioned for our technology. Why should your post stay in "Bitshares" thread?

moving to other threads is happening here a lot and will always be, so i would like if you also keep a nice wording. I expect more!!

So you moved my post to random? Fucking seriously? Fuck it Fav, I won't post any articles or items on Bitsharestalk anymore.

and why did you not include yourself to this community? Your are posting like your oponent, so it seems strange that you are not part of bitsharestalk.

You know what the fundamental problem that the Bitshares community has always had. You guys decided that you solved all of the space's problems and then went into a bubble saying let's not interact with others outside of declaring our vast superiority. This debate is a perfect opportunity to inject Bitshares into the discussion about reaching scalability. Bitcoin issues are Bitshares issues. Bitshares was funded by Bitcoin. Bitcoin is the reference cryptocurrency for all people to compare against. And both use the same family of technologies.

If someone is saying hey let's improve the core technology in Bitcoin, then everyone in the Bitshares community should be leaping at the opportunity to have a discussion about it. It means you get media exposure, new developer interest and perhaps more funding. Use common sense man!

255
General Discussion / Re: I just sold all my Bitshares!
« on: January 14, 2016, 10:33:28 pm »
why should you want to tell us this?

good luck and maybe you can join later on.

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