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General Discussion / Re: Best Way To Secure BTS In 2019?
« on: August 25, 2019, 12:59:00 am »
supporting the hackthedex worker proposal 👍
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Real solutions to our real problems:How does this relate to worker proposals though? Increasing the % split between referrer:network for network from 20% without changing overall fees is a fast fix for any concerns regarding worker proposal emissions.
https://github.com/bitshares/bsips/pull/189#issuecomment-524290160
This worker is good only if wirex are willing to create a "BitAssets" stablecoin alternative to how much account holder is handling at their end, this will let Wirex users to exchange between BTS and Wirex "BitAssets" stablecoin and withdraw "BitAssets" by cards at any time.Meanwhile major amount of BTS are dumped as bounty to get bitCNY listed on CEX? Getting BTS integrated will provide EMEA debit card access which massively simplifies using Bitshares for everyday finances IRL. What you propose is out of scope.
This has to be discussed with Wirex, and the integration for this from their side is not complex.
OTHERWISE IT WILL BE JUST ANOTHER LEGACY COIN FASHION LISTING AT CEX
This has to be discussed with Wirex, and the integration for this from their side is not complex.You may have missed that the real thing here is the legal paper work for being compliant with credit card networks!
It surely not about the technicalities of integrating bitshares.
Also, if you can convince their lawyers that bitAssets are not securities, then that can be done right afterwards.
Before trying to convince their lawyers; we have to design the bitAssets to not get classified as a security.
I suggest to have discussions about the current design and mechanism of profits of the bitAssets then to study how can bitAssets pass the howey test initially before starting promoting bitAssets in a common enterprise that facilitates cards transactions.
If optimal configurations are discovered or BSIPs are proposed from the research then it's totally worth the worker proposal investment. There's quite limited documentation on the effects of smartcoin settings and exotic smartcoins like algorithm based assets.On the one side 201907-uccs-research-project does create a problem, where there is actually is no problem, but doesn't solve any of our real problems.
The BitShares community is already aware MCR = 1.5 and MSSR = 1.01 is the sweet spot.
A very quick answer: how do you know there is no problem? The community chose the older chain parameters and then crypto winter caused most BitAssets to GS. Since then, you've adjusted the parameters to shift more risk onto BitAsset holders. Why would those new parameters be better?
A question back to you: How do you know that 1.5 and 1.01 are the sweet spot? Why not 1.2 and 1?
At least 1 BTS would mean they've at least used the platform before they're decided to promote it. Might deter bot sign ups?Rather than entirely removing the LTM requirement, what about a minimum BTS balance requirement for referral mechanism access?It still means you need to invest some money before you're possible to earn money. Small marketers won't touch it.
Do you want to control this situation?
Charge fees from the margin call,then he will become responsebal for his debt.