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Messages - ThePiachu

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1
General Discussion / Re: Discussing an attack on BitUSD
« on: May 24, 2015, 05:14:27 am »
https://bitsharestalk.org/index.php/topic,16498.0.html

Fixed in the next release.

Would be interested to know more how it will be fixed without changing how the system operates...

2
General Discussion / Re: Discussing an attack on BitUSD
« on: May 24, 2015, 05:12:55 am »
What you claim is that there is some multiplier when the short bitUSD are called and this puts a pressure on the BTS price???

In reality when the shorts are called they do try to buy bitUSD [i.e sell BTS if you wish to call it that], but it:
- happens on the internal market [as opposed on external one, where they would actual drive the price down in comparison with say BTC]
- they use BTS held in collateral for this operation
- and most importantly they do not drive the price down...they just sit there trying to buy bitUSD at the current feed [or 0.9 of it, unfortunately, in the current design].

I really do not see/understand how your multiplier is supposed to work.
Thanks.

By definition, a margin call forces the purchase of a needed commodity. It's like saying "I need to settle this debt right now, the price has changed too much". If the order is executed by putting a buy option at the current price that does not result in the bitUSD being purchased right away, then you can potentially have an open order indefinitely even past the time when the bitUSD needs to be extinguished. If this is the way this system works, then I think some naming convention is not appropriate.

I might be wrong, so I'd like to learn more on this subject.

3
General Discussion / Discussing an attack on BitUSD
« on: May 23, 2015, 05:38:50 pm »
Recently at Decentral in Vancouver we had a meetup with Max Wright to discuss BitShares and BitUSD:

https://www.youtube.com/watch?v=p023lanFsJE

This inspired me to write a blog about a possible attack on BitUSD and similar derivative currencies:

http://tpbit.blogspot.ca/2015/05/inert-versus-volatile-currencies.html

I am wondering - has there been some analysis done on this subject by the BitShares developers and if so, how do they assess the risk involved with a similar attack?

5
General Discussion / Connecting to the RPC server
« on: January 15, 2015, 11:17:38 pm »
I am trying to connect to the BitShares RPC server using this python code: https://github.com/ThePiachu/BitJSONPy

I run BitShares, issue the command of

rpc_start_server 19988
rpc_set_username user
rpc_set_password pass

and in my python code, I call:

bitshares = jsonrpc.ServiceProxy("http://user:pass@127.0.0.1:19988/rpc")
print bitshares.info()

In response, I get an error of

IOError: ('http protocol error', 0, 'got a bad status line', None)

I tried connecting to the same URL using some Golang code, and it fails as well.

Does anyone have an idea what could be causing this error?

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