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Agreed.Update:
- Approved the bitARS worker since they seem to work hard to get an ARS smartcoin and only ask for the asset creation fee. It would have been slightly better if they used a multisignature account, but I trust elmato
I urge against doing so. It is not a matter of trust but a matter of doing it right. IMHO, this has to be done right and the account should _at least_ be a multisig one with a number of independent and respected community members holding the keys.
@ElMato: To fix this, we could ask you to add the committee-account as a secondary account to your active AND owner key of the `elmato` account. Give your own keys and committee-account a weight of 1 and set a threshold of two .. After payout (e.g. the creation of the asset), the committee can then approve its own removal from your account permissions.
It has another advantage, namely, the whole committee can review the creation of the smartcoin and identify issuers prior to its creation.
Would that work for you? It seems you could get more approval if you do it that way.
Worker is created and can be seen on cryptofresh.
http://cryptofresh.com/workers
Our idea is to grow bitshares ecosystem by being able to use our own argentine smartcoin, for business, for POS systems and for apps like ECHO, so plz support our worker.
*The smartcoin and the remaining funds will be sent to Committe Account after creation.
Dumb question... why not use BitUSD?
We want merchants and users in argentina to start using bitshares technology, merchants can´t accept USD freely... if I go to the local shop I cant pull out a 20 dollar bill and pay with it, people here use argentine pesos and that is what we want them to have when they use bitshares apps..
Isn't the USD a better choice ? As the ARS isn't known to be stable. Or maybe the situation has changed over the last years, I thought people held on to USD because of that.
I wonder if the government will be happy with BitARS there?
Worker is created and can be seen on cryptofresh.
http://cryptofresh.com/workers
Our idea is to grow bitshares ecosystem by being able to use our own argentine smartcoin, for business, for POS systems and for apps like ECHO, so plz support our worker.
*The smartcoin and the remaining funds will be sent to Committe Account after creation.
Dumb question... why not use BitUSD?
Worker is created and can be seen on cryptofresh.
http://cryptofresh.com/workers
Our idea is to grow bitshares ecosystem by being able to use our own argentine smartcoin, for business, for POS systems and for apps like ECHO, so plz support our worker.
*The smartcoin and the remaining funds will be sent to Committe Account after creation.
and after 90 days, the cash back will be returned to the reserve pool, right?
if any of you watched poloniex balance? Last week there was 68M BTS is today 12M ?!
https://cryptofresh.com/u/poloniexwallet
We dont really have another market for Ars and we want to promote shorters so that we can have some liquidity: this said, I think its best to set it at 1%
Hey @bitcrab ,
Thanks for your input, I was also going to ask you what paremeters you thought were appropriate, given you have experience creating and runnnig a few smartcoins.
I agree that we need encourage shorters, in my opinion we should have something similar to TCNY :
"force_settlement_offset_percent": 0 ~ 1%,
"maximum_force_settlement_volume": 2%,
Now, I wanted to ask you @bitcrab, if as a Committee member you could create and put up the worker proposal?, we can create a different forum thread explaining the proposal so that it can be linked to the worker.
We will provide all the votes from argentinian members and I dont think we would have much resistence from other voters since the fees for creatig the asset will go back to the network.
Nota: @rnglab Gracias por tu bienvenida amigo, creo que Argentina se merece una smartcoin, un abrazo!
I just discussed with some committee members, currently no problem, just need some more time to get opinion from enough members and coordinate on how to do it.
"force_settlement_offset_percent": 0 ~ 1% need to determine 0 or 1%.
as a shorter of CNY, my debt position has been force settled for several times, but step by step I found this is not a big issue, in almost all the times I can hedge the risk by operate in negative direction in ex-markets. for TCNY, up to now no real force settlement happens, in other words, this liquidity-making method is not used for TCNY.
so I suggest to check whether there is BTS/ARS ex-market with enough depth for shorters to easily hedge risk, if no then 1% should be better than 0. if yes 0 should be better.
I got Team Argentina together and we are working towards building our own smartcoin.. we will provide liquidity and promote it trough our Bitcoin Embassy in Buenos Aires, we will also provide a 1-1 conversion and talk about bitshares at our meetups.This will be so awsome, i feel like a big rock is finally of my back. It's so great!
Agreed. So many folks have been complaining that the captain of the ship keeps getting sidetracked and then never finishes a feature to shareholders expectations. So, I think the friday mumbles could now be moderated by the Beyond Bitcoin team but the guests can be those who want to talk about their projects. No more perception of a top-down structure (i have even seen Bitshares referred to as central banking 2.0).
I had a nice conversation with BM, Stan, Onceupon and Thom yesterday on mumble after the official mumble. We have a very solid plan to move Bitshares forward. Blinded transactions, recurring and scheduled payments, bond market, liquidity bots and market makers, margin trading, free transactions, Smartcoins POS integrations, a 2nd mobile wallet app for iOS and android (all native and material design), skin-able specific use-case wallets, Marketing... There are lots of things being started, worked on and finished up as we speak.
BitShares Munich will be expanding over the coming days. BM has been so far, and confirms that he will continue to consult with us in assisting our expansion, getting more Devs up to speed on graphene, direction with the different repos and docs, etc. We have roughly 40 Devs (c++, js, python and ui/x etc) that can work with us on various projects (as you guys know I have been in software and outsourcing for over 24 years now). Roughly 7 of those 40 are employed with us full-time and as more investment comes in we can slowly expand further. I would like all of the existing projects above finished/polished first and make them awesome.
Agreed, I think Bitshares still has a lot of valuable members and talented coders: Bitshares Munich, Bunkerchain Labs, bitcash, transwiser.com, etc.
I think its time for the community to step up and make this project truly great!
Great! So what are you planning?
