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Messages - liangran2012

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Stakeholder Proposals / Re: [Worker Proposal] Ripple Gateway
« on: July 01, 2016, 03:19:39 pm »
This is great. Was waiting for such a service for quite some time. Good job!!

Regarding the worker proposal, I'd like to know what the benefits for BTS shareholders are?

* Is the gateway code open source?
* Since you are asking for a fee to cover your costs, will you pay back some of your profits to the BitShares shareholders?
* Are you merely asking for more liquidity? If so, why not proof that this is profitable and a) borrow the money or b) run a crowdfund for a fraction of your profits?
* Why have you started with BTS? wouldn't it make more sense to have a gateway for bitCNY and other bitAssets?

* We use node.js and call the rpc provided by the cli_wallet. We could make the bitshares part open source.
* The pay could not cover the whole cost. We did not make the develop plan based on the worker. Actually, we plan to use most of the pay injecting to the market. I believe this is benefit to all the BitShares shareholders. There will be more user hold BTS (some of them hold in Ripple wallet). All ripple users around the world would know BTS and they could have BTS. After they know BTS, they may try BitShares by themselves.
* Yes. We wish to have more liquidity. We would also use some of them to do giveaway for new BTS users. To be honest, I do not think the BTS market maker fund could be profitable. It could be profitable, but it also have great risk. We have over two years' experience running FMM fund in Ripple. Let me share more first. FMM is a market maker fund in Ripple, and we pay all shareolders XRP using the profit.
  1. FMM is based on CNY, not XRP.
  2. FMM trade in lots of markets, USD, JPY, CNY, EUR, BTC. Most of them are fiat currencies.
  3. The transfer fee in Ripple is very low, 0.000012 XRP. So we can distribute the dividend on working days, even the dividend is a small amount.
BTS does not have so many markets nor the liquidity. If the price drop a lot, the market making fund would lose money. That is why we do not set a fund to do this. We may consider to include BTS in FMM fund, but not now.
* My team just studied BitShares since April. Your suggestion make sense. I think we will consider it. I think BTS is just the first step.

RippleFox want to build a bitshares market in Ripple to make more people know BitShares and hold BTS (in their BitShares wallet or Ripple wallet). We would introduce BitShares in Ripple community. We do not expect the BTS market could be profitable in a short time (we charge no trade fee in Ripple). We do it because it is the right way to attract more people to know both BitShares and Ripple. This is the first step we use bitshares. In future, we wish we could also be a gateway in BitShares.
 

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Stakeholder Proposals / Re: [Worker Proposal] Ripple Gateway
« on: July 01, 2016, 04:03:44 am »
This looks interesting.

Can you tell us more about how the fees work in Ripple and the gateway you wish to get a Worker for?

What is the specific use case for this and it's benefits?

Sure. Ripple has just reduced the fee from 0.012 XRP to 0.000012 XRP. The fee is dynamic adjusted according the network. You can consider it is almost free. When people create a transaction, buy/sell etc, they would pay it. The gateway could also set a trade fee. To encourage people trade these asset including BTS, we decide not charge this. We only charge the withdraw fee 0.2%.

From our experience, to create a gateway service is not the hardest part. As we have experience to write these gateway codes and do customer support. The most difficulties are how to attractive people to use the asset and be a market maker. To make the market have enough liquidity, we need a lot of BTS. In current stage, we only put about 200k BTS to the market, we wish more. Actually, we would put most of the pay as the market maker fund, over 70% if the worker got paid.

We wish to connect Ripple and BitShares together. So ripple user could know bitshares and bitshares could use there fund to buy JPY or other currencies in ripple.

If the BTS gateway could be success, we will also consider to be a BitShares gateway. We could issue CNY, XRP, XLM in BitShares. For now, we need to focus on Ripple first. To gain enough experience of operating a BTS gateway.

BTW, you could check http://coinmarketcap.com/currencies/bitshares/#markets, you will find our gateway.
 


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中文 (Chinese) / Re: BTS瑞波网关计划并请投票
« on: July 01, 2016, 03:44:07 am »
不知道这里的worker是由比特股发工资的worker么?比特股worker是用来开发比特股代码的,要开源共享这些代码。
除了比特股worker,要获取社区资金,还有很多途径:例如手续费提成、发行资产等。

这个更多的是在应用级别。申领worker时我并没有考虑到worker是仅限于开发比特股代码。
因为是在比特股之外的Ripple推广BTS,所以目前没有在比特股里发行资产的计划。只有当网关在瑞波里有初步的市场时,才会开展计划的下一步,在比特股中也设立市场。

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中文 (Chinese) / BTS瑞波网关计划并请投票
« on: July 01, 2016, 02:05:10 am »
比特股可以自由发行资产并自带一个交易所,这些特性和瑞波很像。因此瑞波用户很容易理解并使用比特股。如果在瑞波里架设BTS网关,使更多的人购买和交易BTS,并进而产生对比特股的兴趣。将有助于比特股的发展。

瑞狐网关是瑞波里最大的网关之一,也是中国最大的网关。我们有实力和信心完成瑞波BTS网关的架设和运营工作。我们计划做以下的事情:
  • 网关服务的架设:包括网页,对新用户的指导,及在瑞波用户中的宣传
  • BTS的自动充值服务
  • BTS的自动提现服务
  • 瑞波里的做市计划:我们会把大部分的收入用于做市

目前瑞狐网关的BTS预算项目说明网址是:https://ripplefox.com/bts/worker
请大家支持我们的行动。我们连接瑞波和比特股的计划实现,对两个市场都有很大的帮助。

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Stakeholder Proposals / [Worker Proposal] Ripple Gateway
« on: July 01, 2016, 01:06:51 am »
RippleFox is one of the largest gateway in Ripple and the largest gateway in China. We decide to have BTS on Ripple so that people could also buy/trade BTS in their ripple wallet. You may already find some BTS trade volumes on Ripple. That is what we are testing.

BitShares can issue/trade assets which is similar like Ripple. So the ripple user could understand BitShares easily. If they are interested to BitShares, they could have BTS in Ripple and send BTS to their own BitShares wallet.

What we will do:
  • Ripple Gateway Service, pages to guide the new users, have people answer their questions.
  • Deposit/Withdraw BTS features
  • Market Maker in Ripple. Actually we would put most of the worker pay to do it.

https://ripplefox.com/bts/worker
Your support is much appreciated.

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