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Messages - Customminer

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During the bitUSD GS, don't forget to check out Hertz as an alternative to short 👍

Can't see the screenshots you uploaded, can you use an alternative image host? Thanks

Hertz is still active whilst bitUSD is in a GS state 👌

Still hoping the following witnesses will take an interest in publishing price feeds for Hz:

Configured price feed publishers yet to publish price feeds:

Looks good, no need to slowly adjust to these fee levels that some have called for, a swift update to BTS internal profitability would do nicely 👌

BSIP-0023 is somewhat relevant, however it focuses on external cryptocurrency snapshots:

Several of the bitcoin forks have market caps 10x BTS, a single UIA worth billions could justify sharedrop BSIP research 👌

General Discussion / Re: bitUSD : dead ?
« on: Today at 11:12:43 am »
Read this:

This doesn't help me  :o
The post says you don't have a sufficient BTS balance, are you logged in as the correct user? Do you have a positive balance of BTS? If not, get some BTS to cover the fees.

> 1. Was BitUSD mismanaged? If so, by whom and why?

bad debt holders mismanaged their margin positions, committee potentially mismanaged the configuration of bitUSD, feed publishers mismanaged the application of bsip42.

> 2. Was it the fault of BSIP42?

Not entirely, but bsip42 should never have been applied to bitUSD - afaik only CNY was in scope but some chose to apply it to many bitassets.

> 3. How will BitCNY be saved from the same fate?

Manipulation, or by increasing the price of BTS.

> 4. Was the GS inevitable?

Yes, the external market value of 1 BTS dropped like 95% within one year, we were bound to have squeezed margin positions to their breaking point.

General Discussion / Re: API Node Latency Map
« on: Today at 11:03:50 am »
What does the large pulsating circle around geographical points indicate? Activity?

Do not the worker proposal voting mechanism be  manipulated!?
Worker proposal mechanism counts BTS as vote weight, not individual accounts on a forum which is notoriously plagued with spam accounts to the degree that account creation is now manual. BTS vote weight is a far superior voting mechanism than a forum poll; I don't trust these forum polls at all - they're only good for gauging interest.

General Discussion / Re: marketing proposal
« on: Today at 10:59:25 am »
marketing &| social media presence was our most negatively rated aspect by Binance - I feel that a few marketing worker proposals would probably be very beneficial for Bitshares, after all the platform is lightyears ahead of other platforms in terms of performance/scalability 👌

That said, this would be better posted in the 'stakeholder proposal' subforum, there's a few marketing related posts in there you should check out, you might be able to form a team with them 👍

Replace BTS with another asset for fees? No thank you, i'd far prefer for the reserve pool to fill up with collected fees during downtrends like these.

If you're mourning bitUSD's GS state, use an alternative bitasset like CNY or Hertz instead of proposing changing how Bitshares core funding mechanism works.

The fastest way for bitUSD to recover is for BTS price to increase, I seriously cannot see how reducing reasons to buy BTS can be beneficial towards this goal.

Also please stop using the FUD term 'black swan', it was relevant when Dan created the blog post about how there wasn't recovery mechanisms for bitassets in global settlement states, but now we've got BSIP 18 so there are now multiple recovery routes - no longer definable as a black swan.

How about we start punishing bad debt holders? Stripping them of their LTM would be the simplest option.

Forum polls are easily manipulated, stop using them - use the worker proposal voting mechanism instead or ask the committee directly to debate the idea.

I really don't see how this is beneficial, it comes off as pandering to bad debt holders.

Forum polls can be manipulated, take this to the committee or create a worker poll 👌

That said, I can't see how/why reducing MSSR is an attractive idea, it's just further pandering to bad debt positions, no?

Stakeholder Proposals / Re: Legal Council about BTS and No-action
« on: December 16, 2018, 02:41:27 am »
Well it looks like this WP did something right, because Bittrex announced they're no longer delisting Bitshares. What a roller-coaster this has been..
Still no update from Bittrex nor this worker for a while now

General Discussion / Re: bitUSD : dead ?
« on: December 05, 2018, 07:40:05 pm »
It's not dead, just in a global settlement state which means no new bitUSD can be created until the state is over. If you miss this functionality you could always use Hertz or bitCNY

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