BitShares Forum

Main => Technical Support => Topic started by: Voyager_8 on December 12, 2017, 07:31:43 pm

Title: How is a UIA burned?
Post by: Voyager_8 on December 12, 2017, 07:31:43 pm

Like Open.BTC for example, if you deposit BTC then openledger will issue an OPEN.BTC, but when you withdraw BTC it should be destroyed, how does an issuer destroy a UIA?

Title: Re: How is a UIA burned?
Post by: yvv on December 12, 2017, 07:47:23 pm

When you return OPEN.BTC to openledger wallet, it is the same as you destroy it.

Title: Re: How is a UIA burned?
Post by: Emadovesky on December 14, 2017, 03:21:19 am

Send it to NULL

Title: Re: How is a UIA burned?
Post by: sudo on December 14, 2017, 05:49:55 am

burn the uia assets  like what  bridage.btc did

Title: Re: How is a UIA burned?
Post by: fav on December 14, 2017, 05:51:20 am

yep, there's a burn operation

Title: Re: How is a UIA burned?
Post by: Voyager_8 on December 17, 2017, 01:59:27 am

A burn operation? Documented where? So if you return the open.BTC to their wallet then then they issue a on-chain OP to burn them? Can they then be re-issued from supply later?

Title: Re: How is a UIA burned?
Post by: pc on December 17, 2017, 09:50:09 am

See reserve_asset under http://docs.bitshares.org/development/namespaces/wallet.html

I don't know how OpenLedger handle their UIAs. I don't think they issue/burn them for each deposit/withdraw, that would be kind of pointless.

Title: Re: How is a UIA burned?
Post by: Voyager_8 on December 29, 2017, 09:18:12 am

Thanks PC. Yep seems like this would do the trick for burning, but why would it be useless? If they do not burn open.BTC upon withdrawal then they will be running a greater than 100% supply of OPEN.BTC than their current wallet in which case it would reduce faith in the backing of that asset given it could result in an inflated supply of UIA's.