Quote from: Gentso1 on January 03, 2015, 02:11:09 pm

Looks pretty good to me.


Gotta ask, how long did it take you to find all that?

You correct in thinking I put some time into this.  Seems odd that no one else has added info.  Are we trying to keep these systems confusing for a reason?  Thinking about thinning out my alt holdings in 2015.  Bitshares and related offerings take up a lot of time.   Proper documentation would make things much easier.

he updated before christmas and is on vacation.

what do you guys expect? to work on holiday day as well?

Cryptsy, a little bit expensive but never had any problem with them.

Quote from: Gentso1 on January 01, 2015, 07:16:12 pm

Quote from: Agent86 on January 01, 2015, 06:51:42 pm

Quote from: Gentso1 on January 01, 2015, 06:35:05 pm

Maybe I am off base but the exchange is issuing IOU's based on market pegged assets it receives.

Example

I send 100bitUSD to XYZ exchange.
XYZ Issues me XYZUSD its very own UIA.
XYZ likes to use its own UIA for the reasons stated above.
I go about trading XYZUSD on the XYZ's external exchange
The price of BTS suddenly and sharply falls
XYZ has the 100bitUSD I traded to them for their XYZUSD so that I can trade on their external exchange.


"A BitShares gateway does the exact same process, the only difference is that the database that tracks the users’ deposits to the exchange is the BitSharesBiItShares blockchain.   When a user transfers fiat dollars or bitcoin to a gateway, the gateway responds by tranIsferring an IOU asset issued by the gateway back to the user.    When the user returns the IOU to the gateway the gateway sends fiat dollars or bitcoin back to the user."

If I understand the above correctly XYZ is holding bit(fill in the blank) MPA's and issuing their UIA's. The exchange has more control because it can stop trading or choose not to honor their UIA but they are still exposed because they have the bit(fill in the blank).

So my question I guess becomes How sudden of a fall and how long of a drop?

The exchange/gateway is taking real USD (not bitUSD) and then issuing their "IOU USD" UIAs.

Sure thats easy but doesn't apply this situation.
XYZ exchange does crypto to crypto only trading and does not accept fiat.

Then they'd only be a BTC gateway. There is no point in being a gateway for bitUSD - BM's point was that the exchange can avoid bitassets altogether if they don't like the risk.

Quote from: Rune on January 02, 2015, 12:07:32 pm

Quote from: eagleeye on January 02, 2015, 09:55:18 am

Quote from: Ander on January 02, 2015, 09:06:17 am

Giving away a dollar of bitgold does not magically make the market cap of BTS increase by $3.  This isnt some perpetual motion machine.

It is if the dollar is coming from a paid delegate.

If the person who receives the giveaway holds their bitUSD then this is actually sort of true. But its no different than inflating out 50 BTS and then not spending them, which would also make the market cap increase on paper.

What we want is the price of BTS to increase, not just market cap. That only happens if the person who received the giveaway buys even more.

Yeh but let's not forget...our bitAssets are ALSO listed on Coinmarketcap, so getting a bunch of people holding bitGold, bitSilver, bitUSD...etc only increases the visibility of multiple bitAssets which is like direct advertising for the main chain and token.