Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Topics - dxtr

Pages: [1]
1
First of all I really appreciate all that has been done to make BTSX real, I just want to throw my 2 Larimers
(and I hope they are not insignificant :D).

Let me describe an issue I find annoying when using BTSX GUI market tools:

Assume there is someone buying 1 bitGLD for 38456.78912345 BTSX and price feed is ok, and I'm willing to short that guy 1 bitGLD for this amount of BTSX.
What do I do? Simply enter those numbers in Sell Short window and expect this top position to be filled, right?
Well yes, but it's not exactly what happens.
If I do that I will short some bitGLD but not exactly 1, but something like 0.9999999999 bitGLD.
This happened to me and it's not a rare example.

Bytemaster, you claim that BTSX is different from traditional exchange in a way that you get exactly what you asked for and nothing more nor less - well that is not happening here.
For an average guy who want's to trade on a decentralized market, centralized ones like BTER are simply better for a reason they do, what you ask them to do, and not more or less so.

What I think, from my perspective of a small investor, is what needs to be done is to get rid of all floats and doubles in bitshares_toolkit code and base all blockchain variables and all arithmetics in integers. I remember it was mentioned in early stages of development, but now this problem is obvious and can not be worked around.
Right now this is something that keeps large investors looking at BTSX from safe distance, because they simply cannot put large money in something that doesn't function properly.

Bitshares is a multi-platform solution and I think every good system architect for financial applications will agree that floats simply do not work with accounting, when it comes to money you need to be accurate. Especially when designing a system that complicated and with such aspirations.

I think that this issue needs to be solved first, for investors to secure and multiply their holdings and bring large volumes in,
thus removing price feeds "scaffolding".

If there is someone who can fork toolkit code and implement this change only with a recent snapshot of BTSX then it is just a matter of time and marketing when people start packing their stuff and moving from BTSX to BTSY - It really hurts nobody, it's the opposite.

As a user of BTSX or Music or any other DAC I don't want a tool that fills only 99% of my request - that's just annoying and I don't want to loose my hair :P.

2
General Discussion / [SOLVED] Issue with automatic short cover
« on: October 03, 2014, 07:08:57 am »
I have a problem:

On Sept. 1st I made a short BTC transaction for 1BTC and payed for it over 16k BTSX.

Code: [Select]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 2014-09-01T09:33:57 370964    dxtr                SHORT-b91fd116      16,080.00000 BTSX       short BTC @ 0.000062189054726368 BTC / BTSX 0.10000 BTSX        745bd638
------------------------------------------------------------------------------------------------------------------------------------------------------------------------


------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|2014-09-02T20:37:50 383456    SHORT-b91fd116      MARGIN-b91fd116     16,067.53600 BTSX       add collateral                              0.00000 BTSX        [51eb35]|
|                              MARKET              MARGIN-b91fd116     16,067.53600 BTSX       add collateral                                                          |
|                              MARGIN-b91fd116     MARKET              0.99922487 BTC          short proceeds @ 0.000062189054726368 BT...                             |
------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Up until about a week ago (didn't check later until now) I was able to see my short position under Windows GUI client and I was able to cover it with Cover button (as I did with some other shorts).

Now it's gone (my short order), and so are my BTSX which I've payed as collateral.
In my transaction history there is nothing more than what I've pasted regarding this short.

Since we are post block 640k and automatic covers are supposed to work I assume that my order disappearance is a result of this functionality.

Now if I have no collateral back on my account, that means it doesn't work at all.

In https://bitsharestalk.org/index.php?topic=9506.0 you offered a 1000$ bounty for finding a market issue.
I guess I just did - if not where are my 16 000+ BTSX from this BTC short?

Can someone explain this to me?

(I did rescan blockchain and I even recreated it from beginning, but it didn't help.)

3
As BTSX is #4 (arguably #3) on coinmarketcap it grabs everyone's attention, so people not knowing too much about the system want in, seeing a big increase in value for a couple of days (at least some time ago).

Those people download wallets and buy BTSX on markets.
For some time they are happy, but later, they start up their client and see no connections to the network - it happend just after starting market functionality.
What those people do? Most of them perform panic-sell, maybe some go to the forum, to check what is going on.

Not all of them know that current BitSharesX release cycle is very chaotic, and most likely after releasing another client version one should expect a hotfix few hours later, because software was not tested enough, to make sure it's release ready.

Only a handful of people know that, and the vast majority doesn't (People from China are the big market players and only very little of them use this forum).

You need to make sure new software releases are made available to wide public in fixed periods of time, and that those releases are tested on every platform they're supposed to work on.

Now some people may think that I3/DSL are not sound companies and manipulate the markets for their own use.

Why? Because one might think, that releasing a buggy software, that doesn't even run was not accidantal, but was made on purpose: those who knew this, expected the price to fall, and adjusted their market positions accordingly, watching BTSX price falling with smile on their face.

For those players this is good in short term, but not for all the others, and if this keeps going like that, it can end with only few stay in the sandbox with noone else left to play with speciously tools.

Verify your software before releasing it, otherwise you can not bring serious investors' money in, as they tend to partner with reliable people!

4
General Discussion / It has begun!
« on: August 25, 2014, 01:59:49 pm »
 Delegates, BM started an important topic, check it out:

https://bitsharestalk.org/index.php?topic=7521.msg100033#msg100033

 :D

5
General Discussion / Converting non-belivers action/fund
« on: August 22, 2014, 06:11:20 pm »
What do you think if we do something like this.

Every delegate with 100% PayRate has about 4$ currently of daily income.
Value of a network rises with square (^2) of this network's nodes, so it pays a lot to spend 2$ a day per delegate on calling others not from this forum (b/c those people already have their stake in BTSX) to send each of them 1$ or so only if they download and use Mac/Win client to see they can really make some money relative to their input. It will be relatively easy at the beginning, and playing with free money is not that stressful at all.
If one delegate spends 30-60$ monthly with success rate of 10% (you talk mostly to people who know what bitcoin is), then those 3 to 6 people on average (I assume) will spend between 100-1000$ on getting some more BTSX each month.

Let's say 50 delegates does that. Then you have monthly between 150-300 new users buying for a total of 15 000 - 150 000$.
So 1 500 to 3 000 $ input gives back at least 10 times more to the network.

In my opinion it's even better than persuading others with lots of new terms and arguments - obviously everyone is confused when he listens to a foreign language :P

Success rate and monthly input may be smaller, but once someone get's hooked he will invest much more than he was given for free, right?


I will try this with funds earned by mr.scroodge.

Pages: [1]