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Messages - clayop

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181
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 06:25:32 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?

No. That can be another attacking vector (placing enormous amount of orders without cancelling, consuming memory).
What about lowering placing order fee to 0.5~1 BTS? Is it also problematic?

182
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 06:13:40 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.

183
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 06:06:07 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?

I'm a kind of trader (more prone to DEX) too. I feel the current fee system of DEX makes no sense.
We can only justify a small fraction of fees (like 0.5~1 BTS for order creation and 0~0.1 BTS for cancellation) to prevent spam. That's all. UIAs already have percentage based fees, and BTS and other bitassets can have percentage based fees if committee approves (but it is needed to be distributed to referrers via BSIP4)

184
Muse/SoundDAC / Re: Muse are no more listed on https://www.ccedk.com/???
« on: January 17, 2016, 05:56:25 pm »
like in subject,
Muse are no more listed on https://www.ccedk.com/???

CCEDK hasn't listed MUSE.

185
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 05:55:24 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.
The token is now BTS.

If placing order fee is 1 BTS, is it good for you?

186
General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 05:52:09 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.

187
Muse/SoundDAC / Re: Cannot Compile v2.0.160115
« on: January 17, 2016, 06:04:18 am »

188
Muse/SoundDAC / Re: Can we change the logo?
« on: January 16, 2016, 11:28:00 pm »
@cob you may need to put this on your to-do list :) Fancy logo is very important to marketing

189
General Discussion / Re: Cryptofresh Block Explorer + MUSE now available
« on: January 16, 2016, 09:57:45 pm »
Could you fetch the volume of BitShares Asset Exchange from coinmarketcap? It would be really nice to see how volume evolves on the DAC! http://coinmarketcap.com/exchanges/bitshares-asset-exchange/

@roadscape

CMC actually gets the data from cryptofresh :) but it's pretty hacky. When the new market api is out I'll dig into it.. definitely want to see this data..

@roadscape Is it ok to make a remark on the fee schedule page, so that people will know that canceling an order will get fully refund of fees for created the order?

Yeah, no problem! What are the official rules for this? Isn't it like a 99.9% refund, as long as it's completely unfilled?
It's 100% refunded because now it's free to cancel an order. The committee may consider adding a fee for canceling an order to prevent potential attacks.
I already raised this issue to other members.

190
Muse/SoundDAC / [Article] The Bowie Bonds
« on: January 16, 2016, 09:07:57 pm »
Worth to read it. Can PeerTracks handle legal issues when artists want to liquidize their properties?

https://bowiesongs.wordpress.com/2013/08/27/the-bowie-bonds/

191
Muse/SoundDAC / Re: Importing 0.9.3C backup into Muse
« on: January 16, 2016, 05:43:57 pm »
I think the following instruction works

1. Download and install the latest wallet at  https://github.com/peertracksinc/muse/releases/tag/v1.0.160115

2. Create an account

3. Go to Settings-Wallet Management Console

4. Click IMPORT KEYS under Key Import Tool

5. Import 0.9.3c wallet
If you don't have 0.9.3c wallet see here http://docs.bitshares.eu/bitshares/migration/howto-exporting-wallet.html (You have to use console)

6. Go to LOOKUP BALANCES in Wallet Management Console, and claim your balance to your account
There is actually a separate MUSE migration guide there as well: http://docs.bitshares.eu/muse


In remember that the regestried account in bts shall in the muse generic block, yes? Did you know how to do that? I want to use my old account here the same as bts:)

No... MUSE has separate and new genesis so we need to create accounts again.

192
Muse/SoundDAC / Re: New Muse Wallet Released
« on: January 16, 2016, 05:02:01 pm »
I have no account,then I import my bts1 key,but I have not find my muse balance?why? lost?

You have to create an account using faucet first

193
Muse/SoundDAC / Re: Importing 0.9.3C backup into Muse
« on: January 16, 2016, 07:43:24 am »
I can't find any balance since I import succeess.
What can I do now?

Settings-Wallet Management Console-LOOKUP BALANCE and claim balance into your existing account

194
Muse/SoundDAC / Re: Importing 0.9.3C backup into Muse
« on: January 16, 2016, 04:32:55 am »
Someone please confirm this process works with the wallet. If so,  I'd recommend creating a post in the main board and link back. With the sharedrop and BTS version change, so many haven't claimed their balance yet.

I edited the instruction.

195
Muse/SoundDAC / Re: Importing 0.9.3C backup into Muse
« on: January 16, 2016, 04:08:50 am »
I think the following instruction works

1. Download and install the latest wallet at  https://github.com/peertracksinc/muse/releases/tag/v1.0.160115

2. Create an account

3. Go to Settings-Wallet Management Console

4. Click IMPORT KEYS under Key Import Tool

5. Import 0.9.3c wallet
If you don't have 0.9.3c wallet see here http://docs.bitshares.eu/bitshares/migration/howto-exporting-wallet.html (You have to use console)

6. Go to LOOKUP BALANCES in Wallet Management Console, and claim your balance to your account

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