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Messages - sschiessl

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1
Lobbying is especially important right now, thank you for that initiative!

Questions on some details:
  • Can the Bitshares Committee please confirm taking on this responsibility? Lot's of unpaid reviewing might be necessary
  • What happens if not all 9M BTS will be paid out?
  • I assume the daily pay will go to the comittee-account. Will there be a transparent accounting platform now that the comittee wants to have two workers?

2
Thank you for opening this very interesting question. The BitShares Blockchain would be able to handle that case, but there is no authority in place to decide that IMO.

Let me explain a bit:

Even if the supposed receiver and the sender both confirm what their intention was, there is no proof that the actual receiver is not a 3rd party that is merely inactive and that both of you try to screw over.

This is now of course exaggerated and I am not trying to insinuate anything, but you see my point hopefully. I could see a stronger claim with, let's say couple months wait time.

Like CustomMiner and abit said it is technically possible but has never been done. Your proof does not provide a 100% guarantee, and who takes the liability if anything were to happen? Are you willing to fully identify yourself and reimburse the actual receiver if he ever were to surface? You still have the question who you would identify yourself to, and how a reimbursement like that would be decided. I don't think it's the committee that should do that.

An entity with such an authority could be, or even must be created via a votes worker proposal IMO.

3
General Discussion / Re: BitShares UI release candidate
« on: October 19, 2018, 10:14:53 am »
Next release candidate is delayed. In the meantime:

https://steemit.com/bitshares/@sschiessl/the-bitshares-ui-calling-for-native-speakers-paid-translation-job-20181019t101305283z-post

The UI is now integrated with Transifex (again). I'm calling out to all native speakers to help translate remaining keys.

The Transifex project can be found here:
https://www.transifex.com/bitshares/bitshares-ui-1/

Payment for translations is possible through the UI worker within this issue. Please comment if you want to pick up a language:
https://github.com/bitshares/bitshares-ui/issues/1705

4
SmartCoin listing would be awesome, great initiative. I guess this bounty is also meant to cover possible listing fees.

open market operation fund will release the fund to fill up the gap.

Is this necessary? It mixes responsibilities and I would rather not have that. Additionally, please ensure that the accounting is transparent if the committee has two workers to handle.

There is a 30 days observation period

30 days is quite short, and the amount of payout is incentive for manipulation. My suggestion would be 90 days.

5
General Discussion / Re: Critical Review of bitUSD by an academic at LSE
« on: October 15, 2018, 06:19:36 am »
Is that a public discussion somewhere?

6
Have a look at

https://wallet.bitshares.org/#/account/<youraccount>/update-asset/<yourasset >

9
General Discussion / Re: Announcement on BSIP42 relevant actions
« on: October 01, 2018, 08:14:20 pm »
This is a lightly modified copy of a post in the other thread, but I think it applies in this context even better.

I believe one of the main concerns is lack of readily available information in the approach, which the (mostly english) community desires. I would also like to see a report in the matter (please don't mention that it's all on chain ...). Without even discussing the content of BSIP42 (and I personally don't oppose it) this is enough for me to think we should take a moment and properly analyze how it affected bitCNY.

For example, provide measures over past weeks since BSIP42 is active (and possibly before that timeframe for a comparison):
  • old price feed
  • effective values of MCR, MSSR and FSO (consider differences in the feeds)
  • effective offboarding ratios when
    • selling bitCNY for BTS (and BTS for CNY)
    • when settling CNY for BTS (and selling BTS for CNY)
    • offboarding directly with bitCNY (aka the peg)
Those measure are interesting for the common user. I believe you would see that there is a jump when BSIP42 was activated,
and it will show that the values are normalizing over time (which would show that the market accepts the peg, and what the consequences are).
The effectiveness of the BSIP 42 can directly be judged with those measure, furthermore it will be clearer where the premiums are paid now. It will at least paint a much clearer picture for the community.

All those values measures might be clear to you, but not to the common eye.

10
General Discussion / Re: Consider derailing feed price
« on: October 01, 2018, 11:28:33 am »
I believe one of the main concerns is lack of readily available information in the approach, which the community desires (IMO). I would also like to see a report in the matter (please don't mention that it's all on chain ...). Without even discussing the content of BSIP42 this is enough for me to think we should take a moment, properly analyze how it affected bitCNY, reflect on and then decide how to move forward.

For example, provide measures over past weeks since BSIP42 is active (and possibly before that timeframe for a comparison):
  • old price feed
  • effective values of MCR, MSSR and FSO (consider differences in the feeds)
  • effective offboarding ratios when
    • selling bitCNY for BTS (and BTS for CNY)
    • when settling CNY for BTS (and selling BTS for CNY)
    • offboarding directly with bitCNY (aka the peg)
Those measure are interesting for the common user. I believe you would see that there is a jump when BSIP42 was activated,
and it will show that the values are normalizing over time (which would show that the market accepts the peg, and what the consequences are).
The effectiveness of the BSIP 42 can directly be judged with those measure, furthermore it will be clearer where the premiums are paid now.

All those values measures might be clear to the initiators of BSIP42, but not to the common eye.

12
Stakeholder Proposals / Re: [Poll] BSIP42: adjust price feed dynamically
« on: September 15, 2018, 06:50:23 pm »
Witnesses are still tweaking their algorithms. I think a little more time buffer would be well advised to have stable code base before moving to less liquid markets

13
When I look into BSIP 42 I understand that witnesses are allowed to also adjust the Force settlement offset, which should be looked into now as well. It is unsurprising settlement is seldom used with a 5% fee.

Force settlement and the promise of sufficient collateral is the unique and key value proposition of SmartCoins. Certainly in high liquidity markets this will never be needed, but it must remain. Without those two it is nothing else but a UIA. I think arbitration through force settlement is a healthy market mechanism (the parameters must be fine-tuned).

14
Stakeholder Proposals / Re: Witness Report for for-one
« on: September 11, 2018, 09:18:17 am »
Can you also elaborate on the ties mentioned here  https://bitsharestalk.org/index.php?topic=26982.msg321662#msg321662 ?

15
Technical Support / Re: Handshake status 429 Too Many Request
« on: September 07, 2018, 02:35:59 pm »
Can you please eloborate what you are testing and which API says that?

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