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Messages - bench

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Stakeholder Proposals / Re: BSIP22
« on: September 30, 2018, 05:36:00 pm »
Support from my side, too.

Stakeholder Proposals / Improving Lifetime Membership
« on: September 30, 2018, 02:53:20 pm »
The Lifetime Membership (LTM) is not very attractive at the moment, compared with other platforms.
Openledger already did a great job by providing a registrar with 0% and gives the full 80% to the referrer.

The problem is that LTM is excluded from a big chunk of fees (Gateways/Market Maker).
To solve this problem three things should be changed:

- Taker fee should increase 10x compared to maker fee, because this can be count as a transaction, except the margin call side

- Gateways should fully implement a 40% cut on all fees to LTM, thanks to OpenLedger

- The market maker fee of 0.1% for USD/CNY should be split:
-- 0.05% goes to the trader
-- 0.01% goes to a community-workers budget to finance projects like
-- 0.04% is used to buy back BTS and share drop on LTM

The people with an LTM are the most important people on the BTS platform and are essential for:
- creating content about BTS
- getting new users
- helping new users
- reporting bugs
- integrating new projects
- providing liquidity
- increasing volume

Without a fully integration of the fees to the LTM, there is no substantial demand for an LTM, grow in user base and adoption.

The chart of account upgrades shows the full dilemma:

General Discussion / Re: On The Importance of Bit.GOLD
« on: September 27, 2018, 11:11:32 pm »
The bitGold and bitSilver are not any longer backed by BTS or no longer need to be backed by BTS because of the black swan?
How was the black swan solved?

The black swan comes when one collateral is under the ratio of one. Are they any thoughts how we can prevent the market from an individual?
Maybe we should set the min. call ratio to 2.0 for bitSilver, bitGold and bitBTC?

How can we increase the supply of bitGold and bitSilver without borrowing?

General Discussion / Re: Somebody might enlighten me why BSIP42 on BitUSD ?
« on: September 27, 2018, 08:20:49 pm »
The feed method should only be changed, when we have enough experience and knowledge in the CNY market.

General Discussion / Re: Maker Taker Incentive/Fee parameter for Assets
« on: September 27, 2018, 02:26:42 am »
I don't think it is too complicated to add an extra line for TAKE ORDER (0.0578 BTS) and make it even 10 times bigger than PLACE ORDER.
I don't know how much changes on the core side are needed.

The fee structure should benefit liquidity provider and punish people, who reduce liquidity.
230k filled orders * 9 * 0.2 * 0.00578 BTS would generate an extra income of 2000BTS/day for reserve pool.

At the end of the day a maker, who makes several orders and cancels it, should pay less fee, than somebody just takes an order.

On the margin call side the taker should only pay the maker fee, to help the market.

General Discussion / Re: Margin Call stopped working
« on: September 27, 2018, 02:19:32 am »
On 2018-09-13 21:54 CEST there was a margin call at 0.0947 bitUSD/BTS.

General Discussion / Re: Economic Abstraction and Network Fees
« on: September 27, 2018, 02:16:46 am »
At the end of the day the fees, which are collected in bitFiat or open.BTC should be used to buy back BTS. Therefore is a demand for BTS independent of the currency fees are paid.   

General Discussion / Re: Maker Taker Incentive/Fee parameter for Assets
« on: September 27, 2018, 01:36:23 am »
Making an order costs now as much as taking an order with 0.00578 BTS, the taker could have 10*0.00578 BTS fees to make it more fair?

General Discussion / Re: On The Importance of Bit.GOLD
« on: September 27, 2018, 01:25:20 am »
To generate more bitGold somebody needs to borrow bitGold and sell it? There are no margin positions on bitGold or bitSilver now. Who wants to borrow some bitGold or bitSilver, when I can borrow bitFIAT and metal prices are already low?

Thul3 concerns are valid and we should not allow manipulating core functions to cover a lack of trading abilities.

Stakeholder Proposals / Re: [Witness Proposal] gdex-witnness
« on: September 13, 2018, 01:49:52 pm »
Why didn't you agree on a collectiv refferal program which would bring massivly new members to DEX ?
This would be a good solution

Where can I find information about the collective referral program? 

General Discussion / Re: Internalizing the Hero
« on: July 23, 2018, 12:58:48 pm »
The committee should explain, why there is no bitHero, and than we should solve the problems, because delisting is not the solution.

Stakeholder Proposals / Re: [Witness Proposal] blckchnd
« on: July 17, 2018, 04:59:36 pm »
Any plans on adding a Bitcoin Cash gateway?

Very important proposal, gets my vote.

Stakeholder Proposals / Re: Proxy: fav - Journal
« on: July 11, 2018, 10:00:29 pm »
We should pay the worker direct with the 0.1% market fee.

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