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Messages - Thul3

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Isn't the Marketing fee sharing income way higher than your base opertion cost $9100 (63k cny) ?
I asked before about the income of market fee sharing because i saw the same as abit did that you got bigger amounts of cny from the vesting balance of the market fee sharing which was over 120k cny in a single month which i guess were not planned in your calculation.There is no sign this income will dry out soon.

Personly i didn't vote for the worker of BTSPP because i think you already get a big unexpected income which doesn't justify anymore the need of over $300k usd from the reserve fund which i also consider a bit expensiv

btspp-registrar transfer 80000 CNY to btspp-team 2019/07/30 07:19:42 39632804
btspp-registrar transfer 40000 CNY to btspp-team 2019/07/23 08:29:24 39433112
btspp-registrar transfer 5000 CNY to btspp-team 2019/07/16 02:52:57 39225329

1. About our worker work is to develop a mobile product for the community, including functional development of planned functions or community needs. After the completion and eventually open source. Open source code can be used or operated by any individual or business (currently both CTS and GDEX use some or all of this code)
2. The operating costs and income of BitShare Mobile Wallet (bts++), which is currently operating and providing Apple and Android downloads, are not included in the work of the worker.
3. We will continue to operate existing products due to reasons such as the inability to upload regional stores for download due to policy reasons. In the future, we hope to put the BitShare mobile wallet on the official website, Apple, Google Store and use the community faucet. (requires assistance and cooperation from BBF, currently under progress)
4. Since the marketing fee share is a new feature after we worker passes, and then has revenue, we will cancel and refund the planned base operating cost of $9,100.

Poll has been voted active

中文(Chinese) / Re: cn-vote投票公示
« on: August 12, 2019, 03:04:05 pm »
怎么样decentralized partnership ?

General Discussion / Re: Thoughts on new OMO fund
« on: August 11, 2019, 10:27:44 am »
While BTS price is underevaluated, borrow smartcoin and buy more BTS.
While BTS price is overevaluated, sell BTS to close the debt positions.

Could you define that please what exectly eans undervaluated and overevaluated ?

General Discussion / Re: bad news for Binance,good news for BTS
« on: August 07, 2019, 10:22:20 am »
not possible to read if you have no account on weibo


"OMO fund worker" 今晚正在上线


I also think a big exchange with bitcny on major assets would also decrease the sell pressure on BTS as bitcny could be directly exchanged into major assets instead selling BTS on CEX for USDT or BTC

How much market fee sharing is that app getting on average per day ?

Is so much funding still needed if BTSSP-REGISTRAR has now an unexpected nice amount of income from market fee share?

General Discussion / Re: Allow non-LTM accounts to be referrers?
« on: August 05, 2019, 10:51:19 am »
$100 isn't a lot to ask for LTM. If they can't do that, I doubt they have a legit stream of users to refer.

I don't know any webmaster who would pay for being able to advertise something.
Webmasters who needed to pay to be able to advertise something was in the 90's .

Who is going to waste $100 to to test if a refferal system is profitable or not ?
It's you who wants their traffic and not the other way round.

Remember traffic is KING ....always was so and always will be and if you don't fit their requirements they have plenty of other lucrative offers where they can send their traffic for profit.

Also somebody demanding to invest $100 to be able to test a refferal system is normally a scam and as such majority of webmasters are leaving it alone.

General Discussion / Re: Allow non-LTM accounts to be referrers?
« on: August 02, 2019, 04:58:32 pm »
Am supporting it.Thats something i asked from the beginning.

Multi level provisionon refferes is already industry standard so there should be no legal problems.

I tried to contact nearly all offical organizers to get an offical statement if the workers funds will be counted as revenue or anything else.

Since i still got no offical answer on that question i will revoke my vote till this is cleared.

General Discussion / Re: Thoughts on new OMO fund
« on: July 25, 2019, 09:20:58 am »
-Bad time of opening an OMO fund.It was opened at a way to high price in a bearish market for altcoins
-No strict rules
-lack of governance
-low CR (under consensus)
-No risk reduction with falling BTS price

Currently we have the oposite in the market.
Have a look at the charts

Currently BTS like majority of altcoins are in accumulation mode.
BTS is slowly growing against BTC .

There are of course way more big indicators but that would be an extra thread .

What would be also important is to raise CR of the OMO fund with raising BTS prices as the risk of bigger decreasing prices increases

General Discussion / Re: Thoughts on new OMO fund
« on: July 25, 2019, 06:40:09 am »
I haven't seen it.
I only saw the proposal on usdoperator.

Just saw committee bought out debt of the cny operator and is now trying to burn 1 million BTS.
Thats a total waste and i think something like that should be announced by the committee to the community.

At current stage decreasing liquidity and burning BTS makes totaly no sense.

Please give more input about the OMO fund so we can open an OMO worker asap

General Discussion / Thoughts on new OMO fund
« on: July 24, 2019, 10:49:04 pm »
I'm planning for a longer time to open a worker for a new OMO fund which would be replacing the old one.
The timing seems to be perfect to open a new OMO fund to support both liquidity and price of Bitshares.
The new OMO Fund should have imo 4 accounts which would be splitted into  USD,CNY,EUR,USDT .
Focus should be on bitUSD and bitCNY with bigger focus on bitUSD.
The fourth account for USDT should be funded once the big bad debt from bitUSD disappears.
USDT should be offered 1:1 against bitUSD with a (0.2% growth margin).
By creating a liquid USDT/BitUSD market on DEX we hopefully will support bitshares prices on CEX'es via arbitrage with the strong inhouse demand we have here on DEX(it should also close the current big spreads on other major assets).Price manipulation on CEX would be more difficult and any downtrend on CEX could be decreased with the help of the liquidity on DEX.
BTS prices of 3% above the DEX feed prices (CEX) are happening very often which would support prices on CEX when a liquid bitUSD/USDT market on DEX exist.


The OMO funds should be controlled by 5-6 people where 3/5 authorisation is needed.
Personly i would love to see

Current unclaimed market fee's should be used to buy BTS mainly from bitshares foundation (over 27 million BTS and increasing) to decrease its sell pressure and to obtain a bigger stake without influencing the bitshares price on DEX to much .

There should be strict rules about maintaining CR's and at which timeframes orders from these accounts can be executed.
Buy or sell orders should be only allowed once a week (if there is no emergency) which static day should be announced so traders can prepare for it.
USDT/bitUSD pair can be placed daily.
Buying margin calls with the OMO Fund will not be allowed till DEX will have enough liquidity which will be decided by the community.

Any thoughts on this ?

Meta / Re: Spam Bots
« on: July 24, 2019, 05:44:14 pm »
Find a solution against xrumer and it should stop

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