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Messages - Victor118

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1
General Discussion / Re: What is the reserve pool?
« on: March 14, 2019, 02:53:13 pm »
where can I find how many bts have the reserve fund?

The "reserve fund" is virtual, i. e. it is calculated as the difference between maximum supply and current supply of the core asset. Currently this is about 3600570502 - 2699223195 = 901347307 BTS, see https://open-explorer.io/#/assets/1.3.0 .

The amount spent on workers and witnesses is not fixed. It is a small percentage of the current reserve fund, i. e. in theory it will never run out.

Haaa Ok, thanks

2
General Discussion / Re: What is the reserve pool?
« on: March 14, 2019, 02:02:01 pm »
thanks [member=120]xeroc[/member] ...i'm seeing this as a way for OL and other wallet devs to get paid for their effort, plus the basic MLM incentive to go out and recruit new members (not my favorite marketing theme by any means, very often attracts low morality scammers IMO). At $100 for a lifetime membership, that may be worth the investment...
MLM incentive is not paid from the reserve pool. It's paid by the referred new users directly.

got it, thanks

Yes, but if the reserve fund is about 1 billion (where can I find how many bts have the reserve fund?), And every day we lose 270 KTS, it means that at the current rate we have funds for 10 years (not so bad)

280 000 BTS  today is about $14000, to be positive 7K BTS should worth 14K$, BTS need to reach 2$ ???

3
IMHO, current daily budget is 280K BTS/day, it's not a low figure.

I don't think it's a good idea to fulfill all the proposal/projects´╝îwe also need to limit the inflation of BTS.
How many BTS are flowing back into the system's pool each day?

~6-7k

Does it mean that circulating supply increase by ~270K BTS each day ?

4
General Discussion / Re: BTC MPA backed by gateway.BTC
« on: February 19, 2019, 10:22:19 pm »
My english is definitly too bad :), sorry for that.
Thank you for your response
What I tryed to describe it's more an idea to make what it could be the biggest DEX BTC market.
Instead of having open.BTC market, bridge.BTC market, Spark.BTC market, EASYDEX.BTC market, rudex.BTC market ... we could have a MPA cumulating the liquidity of all those market.
a Mpa backed by all those UIA (MPA backed by multiple assets) can do that ?.
Sorry if I'm not clear

5
General Discussion / BTC MPA backed by gateway.BTC
« on: February 19, 2019, 02:13:13 pm »
I was reading this BSIP discussion :
https://github.com/bitshares/bsips/issues/100
If someday it will be possible to create a MPA backed by multiple UIA, may be it will be possible to join all BTC in one MPA ?
On bitshares there is a lot of different BTC (open.BTC, bridge.BTC, rudex.BTC ...)
By cumulating all these BTC the liquidity of BTC would become very interesting on bitshares.
But today there's no link between all those gateway's BTC
It may be stupid and may not be feasible, but what about a BTC MPA backed by as much BTC as possible.
This MPA would be backed by 1 open.BTC or 1 bridge.BTC ...,
Holding 1 MPA BTC is equivalent to holding any type of gateway. BTC, at any time you can settle those BTC and retrieve diverse gateway.BTC
For example I want to deposit some BTC on open.ledger, today openLedger send me open.BTC in exchange, it will be necessary that open.ledger creates MPA.BTC by "borrowing" mpa.BTC by putting open.btc in collateral and send me the MPA.BTC thus created.
I can trade with those MPA.BTC, and then withdraw by settle my BTC and withdraw my gateway's BTC (UI could be better by putting settlement implicit when withdraw MPA.BTC)
On the other hand, it would be necessary to find an incentive for the gateways to use this MPA and to create and supply them to their client rather than their own UIA.

I guess it raises a lot of problems, but is it feasible with bitshares's features?


7
General Discussion / Re: BitShares Dice Game Smart Contract
« on: February 04, 2019, 09:23:52 am »
Interesting
May be it's a good idea to think about to implement a game of dice in bitshares core?

8
General Discussion / Re: Options and Futures contracts
« on: December 24, 2018, 01:40:12 pm »
I do not master prediction market nor the concept of options
but is not the prediction market exactly made for that?

9
Stakeholder Proposals / Re: [Fee Schedule Proposal] - New fee schedule
« on: December 18, 2018, 01:36:07 pm »
One thing is the transfer and asset issuing costs. I believe RuDEX as well as CryptoBridge, not sure about others, issue their UIAs when someone deposits. Increasing the asset issuance, by that much, will cause some extra costs to those gateways, and possibly shutdown of certain coins. I don't know if that will happen. I hope blckchnd can enlighten us, not sure if he's on here. I get for the normal user, but we should also think about the gateways.

Exactly point - where blockchain earns then ? If Rudex, OL or CB just click and issue bunch of UIA's they are charging for 1 and 2 percent market fees and blockchain earns what ? 1/10th of a cent ? Self-funded ? Long-lasting ? My ass.

0.03 or 0.05 USD to be paid once you issue amount of assets is not that much. For the fact, gateways can update their current scripts and replace part where deposit issues asset, and instead issue assets to coldstorage wallet on BTS and use simple transfer on each deposit received.

Please keep in mind that reserve pool (blockchain) currently earns nothing, while others do. As BitShares is core of all those businesses - its not healthy position for BitShares to continue operating at current fees. End of discussion.

@clockwork - full support!

+1

10
Technical Support / Re: Bitshares JS market trade history
« on: December 18, 2018, 11:13:13 am »
Ok I just found why I had an empty array, it seems that params order is dateEnd then dateStart like you did.
But the documentation of bitsharesjs-ws is :
https://github.com/bitshares/bitsharesjs-ws

Quote
get_trade_history   [string base, string quote, date start, date stop, int limit]



Thanks


11
Technical Support / Re: Bitshares JS market trade history
« on: December 17, 2018, 02:31:37 pm »
Great, it works, thank you.

But I don't know why I have an empty array as result for :

Code: [Select]
Apis.instance().db_api().exec( "get_trade_history", [ "BTS","USD","2018-12-16T15:09:11","2018-12-17T15:09:11",100 ] );


12
Technical Support / Bitshares JS market trade history
« on: December 17, 2018, 09:13:17 am »
Hi,
I would like to retrieve market history.
I'm trying with  :

Code: [Select]
Apis.instance().db_api().exec( "get_trade_history", [ base,quote,dateStart,dateEnd, 100 ] );
But i got an error :
Quote
basic_string::at: __n (which is 0) >= this->size() (which is 0): basic_string::at: __n (which is 0) >= this->size() (which is 0): unable to convert ISO-formatted string to fc::time_point_sec


Here is dateStart and dateEnd format :

Quote
2018-11-17 10:02:43
 2018-12-17 10:02:43

Someone can help me please ?

 Is there a better way to get history price for a chart, may be an OHLC format ?

13
General Discussion / Re: bitUSD : dead ?
« on: December 12, 2018, 01:14:43 pm »
Is it possible to refund bitUSD pool to reduce GS price just sending some BTS to the pool ?

14
General Discussion / Re: bitUSD : dead ?
« on: December 12, 2018, 08:42:18 am »


https://steemit.com/bitshares/@frdem3dot0/bitshares-black-swan-and-the-troubles-of-stablecoins


Quote
What happened with bitUSD is that each coin is now exchangeable to BTS at the rate when the Black Swan was triggered. But this conversion is not done automatically but users have to click a button. I have no idea why it was implemented this way as a lot of people still believe that bitUSD is somehow linked to USD. But it only was until the moment of settlement. Now it is just another token that is worth 20 BTS. It has exactly the same risk profile as BTS.

bitUSD may get restarted in the future when all positions are closed or the settlement fund is at 175% collateral again. But for now it is just 20 BTS. Many still argue that buying bitUSD is great because the peg will eventually return. But for that to happen BTS must rise in value first. So it is really no different to hold one bitUSD or 20 BTS!

15
General Discussion / Re: Investigating the reasons for BitUSD GS
« on: December 10, 2018, 03:21:47 pm »
BitUSD needs borrowers to exist, but borrowers do not care about demand, it means that the supply is not correlated with demand, a demand that increases does not incentivize borrowing and therefore increase supply

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