376
General Discussion / Re: Patrick Byrne (Overstock CEO) looking for another Blockchain. Bitshares anyone?
« on: December 18, 2015, 04:01:26 am »
lol , you forgot about what happened last year with the Patrick guy 
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377
General Discussion / Re: The Most Secure Messaging On Earth (Fee Backed Asset)
« on: December 10, 2015, 03:56:37 pm »
I was under the impression that memo is unbreakable at least until today .....
378
General Discussion / Re: (Poll) Should Committee Members be able to Distribute BROWNIES?
« on: December 03, 2015, 03:19:33 pm »I think it will be very difficult for them to agree on any donation .. simply because different people have different opinions and perceptions of work and "fair".
And since Committee members are unpaid, I would put an extra burden on them
bytemaster has already put that extreme burden on one man, fuzzy ... and he never asked for it.
Spreading that burden around would free up fuzzy to do more work at Beyond Bitcoin and spread out the complaints among several people instead of pointed at one man that never asked to be in that position in the first place.
I respect bm so much it is a bit ridiculous...it is apparent (though it is obvious to those who pay attention that I don't always agree with him). However, I can't say "I didn't ask for it"...but that is a long story. However, when it came to me I battled in my brain whether or not to do it...and to be honest my acceptance of it probably played a huge role in motivating me to get ShareBits brought online. So it is like a beautiful thing but a double-edged sword.
I just want to make bitshares rock...and HOPEFULLY try to make the foundational members who will fight for the original vision of bitshares to become the reality wealthy enough that they can still keep a great deal of control even during the attempt for a hostile takeover. The saddest day in my mind would be some tech giant with a horrible track record of human rights and privacy violations (ironically the ones that Ethereum now has "helping" them---Microsoft and IBM) coming in and displacing those people simply by buying bitshares, laughing and controlling it.
I love brownies (and would love and support them EVEN IF I wasn't asked to distribute them), but you definitely are right that it can be bit of a burden too. Unlike DKP, giving out Brownies seems to also seems to make enemies. One thing I can say is that running guilds didn't prepare me for everything in crypto--I would have certainly scratched my head if people would have attended raids and then complained about me giving DKP to everyone in attendance
IBM AND Microsoft come to bitshares and buy all the BTS .....wow ..... that's absurd .
they could just issue their own token , own 10000000000 times more network effect than BTS .... with developers more capable than every crypto project in the world ...why would they buy BTS ? any reason at all ?
379
General Discussion / Re: Gold gateway
« on: December 02, 2015, 04:34:43 pm »He hasn't answered any of our attempts to contact him.Didnt he move?
Perhaps one of you would like to try?
Ryan Mechalske
89 Lion Drive
Hanover, PA 17331-3849
Yep. He apparently tried to sever all connections, but it wasn't hard to have him tracked down to this new address.
I have his wechat . Hope he uses it . Leave him a msg .
380
General Discussion / Re: Increasing BitShares Revenue
« on: December 01, 2015, 05:02:45 am »@wallace what is the proper translation of this word (Chinese) that google translate translates to "Cancer"in a no depth and liquidity marketing I don't think a daytrader can make much money from the market. they're most earned from rule. but this money comes from others lost. currently this is a hurt to the whole system.
I am no expert but isn't it the very nature of wall street and forex to have winners and losers?
And if we want more liquid market, what do we need?
More trading?
you're right, but the reality is we're not wall street, we don't have much users. it's easy to die.
问题的根源在于bitcny应用场景太少，除了巨蟹几乎没有应用场景可以提供流动性
Cancer (with the upper C) is the name of a constellation .
EG.
For Cancer, Neptune has been blessing your eighth house of trust and sharing ( sex and money).
Cancerians are supposed to be romantic and home-loving people.
381
General Discussion / Re: Increasing BitShares Revenue
« on: December 01, 2015, 04:23:52 am »
if you have brought at 0.02 CNY and sold at 0,04 CNY , that was 100% profit , shuang si .... 
382
General Discussion / Re: Committee Proposal: Urgent call for help by the Chinese Community
« on: November 30, 2015, 02:01:02 pm »
Talking to a guy recently who is very knowledgable about crypto projects in general... he knew of my past interest in Bitshares and asked me if it is true ... Is BitShares controlled by a small number of Chinese whales?
I told him I do not know, but such a thing could very well be true...
After reading this thread I really do wonder.
Some Chinese guy(including some so-called whales ) have asked me if BitShares is an ATM and controlled by a few western developers in I3 . why they can keep bleeding dilution on Chinese , Why the developers can put up a proposal that could grant them more BTS just in 2 month than any single whale in the Chinese community .
Sometimes I just don't know what to tell them .
Guess we all have our troubles .
383
General Discussion / Re: Committee Proposal: Urgent call for help by the Chinese Community
« on: November 30, 2015, 04:40:32 am »
I think the most funny part in all of this is ..... why even western people use BItCNY and not BitUSD ?
What's so special about BitCNY
??
There is the answer .
What's so special about BitCNY
??There is the answer .
384
General Discussion / Re: Stupid committee proposal: Urgent call for help by the BitCNY holders community
« on: November 29, 2015, 06:24:27 pm »
Holders of CNY had the value of their smartcoin value decimated overnight when the peg floor was removed from beneath them by a simple committee vote.
whats the point of a smartcoin if it doesn't have a guaranteed minimum value? why has the peg been removed?
Maybe the feed providers were feeding in the wrong price.
Maybe transwiser didn't understand the business they were in.
Maybe someone someone was sad that they might lose money.
I think we need to vote in some new committee members who have more conviction in the value and purpose of what a smartcoin is and does.
BTC38 and transwiser accepts BitCNY on a 1:1 ratio in exchange for ACTUAL CNY with large volume .
If you can buy cheap BitCNY lower than 1 CNY value , you will make a killing by selling it to BTC38 or transwiser ,
DEX is not the only place to realize the value of BitCNY these days .
Yes and its not a good business model doing 1:1 exchange between bitCNY and CNY they will lose money doing this.
A better and more sustainable business model might by for them to buy bitCNY at 1:1 but then sell bitCNY for a 5% markup
Even Paypal USD is not worth a 5% markup , let alone a system that hasn't proven itself .
385
General Discussion / Re: Stupid committee proposal: Urgent call for help by the BitCNY holders community
« on: November 29, 2015, 06:12:43 pm »
Holders of CNY had the value of their smartcoin value decimated overnight when the peg floor was removed from beneath them by a simple committee vote.
whats the point of a smartcoin if it doesn't have a guaranteed minimum value? why has the peg been removed?
Maybe the feed providers were feeding in the wrong price.
Maybe transwiser didn't understand the business they were in.
Maybe someone someone was sad that they might lose money.
I think we need to vote in some new committee members who have more conviction in the value and purpose of what a smartcoin is and does.
BTC38 and transwiser accepts BitCNY on a 1:1 ratio in exchange for ACTUAL CNY with large volume .
If you can buy cheap BitCNY lower than 1 CNY value , you will make a killing by selling it to BTC38 or transwiser ,
DEX is not the only place to realize the value of BitCNY these days .
386
General Discussion / Re: Committee Proposal: Urgent call for help by the Chinese Community
« on: November 29, 2015, 06:07:10 pm »This seems an awful lot like the traditional finance business. Big banks do irresponsible business, get in trouble and government has to save them because they are too big to fail.
I would rather see that Bitshares treated every business with same rules, whether they are small or big – no privileges to anybody. In the long run that is the best strategy because it is the only way to make sure that our blockchain is mostly used by competent businesses. More we have businesses with working business plans, more we get users and revenue. Bailing out incompetent businesses is not a good way to use our scarce resources.
I mentioned this too. Thing is at the moment we are too small not to give this businesses some flexibility. I'm not defending either options as I'm not yet comfortable enough to take a side. But atm BitShares is dependent on these businesses. This situation can have a strong effect on BitShares and it must be taken into consideration
Yes, this can be forgiven once, we are still so small that nobody cares. But when we start to grow this kind of action cannot happen again. All businesses have to be sure that we are not bailing out any bad businesses at the expence of others. Otherwise good businesses don't want to use our blockchain and we'll have only the bad ones.
Lol . Transwiser is the only legitimate proof that BitCNY is actually worth 1 CNY .
Without this kind of "bad business" to take risk to ensure a fine peg , no matter how you paint , no merchant in the world would use a crypto token that's suppose to be backed by another crypto token and they need to change their BTA to this weird looking token in order to get their fiat value . Telling them that their BTA is backed by this weird looking token but no one is willing to put up fiat 1:1 at anytime to buy it and they can only get their fiat value by selling this weird looking token on another exchange ...
Yeah , imagine that . tell your friends about this amazing price stable token , see how they react .
387
General Discussion / Re: Committee Proposal: Urgent call for help by the Chinese Community
« on: November 29, 2015, 05:58:31 pm »Actually , BitCNY holders can get a fair price anytime now at BTC38 .
I suspect BTC38 forget to update their English version page , the Chinese version page already says "it accepts no more than 50,000 BitCNY deposit every day directly turn into CNY balance on a 1:1 ratio ."
It's a more fair price than what you would get in the DEX because the DEX would never give you 1:1 price considering you actually need to sell your BTS at a unfair spread to get the fiat value you need .
So maybe now you can understand how transwiser is providing a peg that merchants would actually use , unlike the status with BitUSD .
Last time I check , no exchanges accepts BitUSD as deposit , most of them only provides a market place to trade with .
Thats good. I'm glad to see it. Does BTC38 also convert 1:1 CNY to bitCNY? I bet not, and if they do, probably not for very long.
That should be profitable for BTC38 as bitCNY should always trade above par and they can make the difference. Depending on the bitCNY=>BTS=>CNY conversion and liquidity as you mentioned.
I'd like to see some bitUSD=>USD 1:1 services , that's an easy trade for near guaranteed profits. I've considered doing this myself on a very small scale but I don't want to mess with US regulation I don't fully understand.
It would make more sense for an exchange to do it. Perhaps we'll see this at CCEDK soon.
They sell all their BitCNY to transwiser 1:1 .
388
General Discussion / Re: Committee Proposal: Urgent call for help by the Chinese Community
« on: November 29, 2015, 05:55:52 pm »I suspect BTC38 didn't update the hint on their English Page . I've informed them .
So you have tested that using google translation , foreign users can do this too ?
Not that good.... Having English page would be much better.
Translation :
将BITCNY转入到 btc38-cny-kuos-72722并在备注MEMO中填写 您的时代ID
即可完成充值，系统将在1分钟左右为您入账。
转账时，请核对钱包向您展示的头像和左侧图片一致，以免充错地址
Deposit your BItCNY to btc38-cny-kuos-72722 and put your BTC38 ID as memo (same operation when you deposit BTS, only different address ) .Your account will be credited within 1 minute . (Note, sometimes more than 1 minute ,depend on btc38) .
http://www.btc38.com/trade/cnypay.html please check this site yourself to get the correct deposit address , don't believe me or anyone else who post deposit address on the forum !!
单笔最多充值1万BITCNY，每天累计充值不超过5万BITCNY，超过部分将无法到账。
The system can handle no more than 50,000 BitCNY per day , with 10,000 BitCNY limit on each transaction . If your deposit exceeds the daily limit , the part that exceeds the limit will not be credited .
You guys can test it with small amount first .
389
General Discussion / Re: Committee Proposal: Urgent call for help by the Chinese Community
« on: November 29, 2015, 05:31:11 pm »So we are changing the rules because someone running business around BitShares was ignorant about those rules.
The only excuse that can be offered is lack of proper documentation for BitShares 2.0 - @bytemaster
I thank the community for contributing valuable feedback. However, I think the on-going debate has distracted the community from the objective of the proposal, which is:
A temporary suspension (estimated about a week or so) to fix the following:
1) The current price feed script does not take into consideration of CNY fiat prices from China mainly established websites eg OKCoin. Feed price for CNY is lower than the actual figure and this causes an artifical arbitrage opportunity. The author of the scipt, xeroc will be making a fix to the price feed script available soon. abit's idea may help in getting the fix up sooner.
2) A bot is needed to be created to provide bitCNY buy order positions such that the bid are higher or equal to the 'corrected' feed price. bitcrab needs to provide the fund and technical skill to create this bot.
3) Provide a frontend fix with displaying "settlement" button only when there are buy orders available above the price feed. Svk is working on the fix.
It is important to fix the flaw in the bitshares system now because:
1) Our major partner and only bitCNY<-> CNY provider Transwiser will suffer losses and may be forced to cease this service. Stopping this crucial service is against the interest of the Bitshares DAC.
2) Stopping the opportunist users to exploit the flaws in the bitshares system and gain at the expense of our major partner. If we allow the opportunistic exploits to happen, words will spread. Other potential business partners will lose confidence and trust in doing business with the Bishares DAC. This is certainly against Bitshares's interest.
Sure...in the meantime while this temporally measures are going on... can transwise put a say 20,000 CNY buy bitCNY order at what they consider "market price"?
You can deposit 50,000 BitCNY to BTC38 per day (10,000 max per transaction , so you'll need 2 transactions to get 20,000 CNY in BTC38 . )
Then you can do whatever you want with the 20,000 CNY balance in your BTC38 account, buy BTS, buy BTC ....
btc38 have not opened this feature for the non Chinese customers (last check 12h ago)
edit: yep..not activated yet!
Use Chinese page and google translation. I think you're smart enough to do it.
I suspect BTC38 didn't update the hint on their English Page . I've informed them .
So you have tested that using google translation , foreign users can do this too ?
390
General Discussion / Re: Committee Proposal: Urgent call for help by the Chinese Community
« on: November 29, 2015, 05:29:30 pm »Seriously, vote these clowns out of committee immediately. This is embarrassing.The price feed can always use advancement. It is not broken, and provides a feed generally within about 1%. This is no cause for alarm.
1) The current price feed script does not take into consideration of CNY fiat prices from China mainly established websites eg OKCoin. Feed price for CNY is lower than the actual figure and this causes an artifical arbitrage opportunity. The author of the scipt, xeroc will be making a fix to the price feed script available soon. abit's idea may help in getting the fix up sooner.2) A bot is needed to be created to provide bitCNY buy order positions such that the bid are higher or equal to the 'corrected' feed price. bitcrab needs to provide the fund and technical skill to create this bot.This has nothing to do with bitshares function, and should be taken up by those interested. Not by disabling features through the committee. This is abuse of power.3) Provide a frontend fix with displaying "settlement" button only when there are buy orders available above the price feed. Svk is working on the fix.
not necessary, as anyone using the settlement in this case is giving away free money to the shorts, that can immediately replace their position, using the available bids. But fine, whatever, doesn't make much difference.It is important to fix the flaw in the bitshares system now because:Not a flaw. The flaw is in transwisers service and if they want to remain solvent they should probably fix it.
1) Our major partner and only bitCNY<-> CNY provider Transwiser will suffer losses and may be forced to cease this service. Stopping this crucial service is against the interest of the Bitshares DAC.2) Stopping the opportunist users to exploit the flaws in the bitshares system and gain at the expense of our major partner. If we allow the opportunistic exploits to happen, words will spread. Other potential business partners will lose confidence and trust in doing business with the Bishares DAC. This is certainly against Bitshares's interest.[/b]Again, not a flaw. And if there is any exploitation, it is of transwisers poor business strategy. It has nothing to do with bitshares.Sure...in the meantime while this temporally measures are going on... can transwise put a say 20,000 CNY buy bitCNY order at what they consider "market price"?
Good point Tonyk. There are many who own bitCNY and now suddenly they have lost the guarantee of a fair price with settlement, due to too many clowns in committee.
Actually , BitCNY holders can get a fair price anytime now at BTC38 .
I suspect BTC38 forget to update their English version page , the Chinese version page already says "it accepts no more than 50,000 BitCNY deposit every day directly turn into CNY balance on a 1:1 ratio ."
It's a more fair price than what you would get in the DEX because the DEX would never give you 1:1 price considering you actually need to sell your BTS at a unfair spread to get the fiat value you need .
So maybe now you can understand how transwiser is providing a peg that merchants would actually use , unlike the status with BitUSD .
Last time I check , no exchanges accepts BitUSD as deposit , most of them only provides a market place to trade with .
