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Messages - CastAway33

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I'm not saying your proposal is a bad idea. In fact, I think it's a great idea. Unfortunately though, I also think it would be good if I could use STEEM to buy groceries and have them delivered to my house. The problem is that I can't force that business into existence through the sheer power of desire. Though, I do think that making a request is a good start.

Perhaps you could use STEEM as a platform to get like-minded people together to buy/sell/trade metals as a group. The more interest grows in this area, then it should increase the chances of someone starting a business to fulfill that niche. That's best advice I can offer. I hope we can see it soon. :)

Here is the code for EOS

It would be good to finally get multisig escrow payments. Bitshares would be a fantastic replacement for things like Patreon, KickStarter, and Bounty Source. I'm far more inclined to put money towards a project if I can do it in something stable like bitUSD/bitCNY. Perhaps we can get something like this in motion?

Sounds like you may be putting the cart before the horse, if you know what I mean. In my humble opinion, STEEM need to do what's necessary to increase it's exposure and increase value as a network. When that has been successful, then the GOLD will naturally follow. Give it some time. Until then, you can very easily exchange STEEM for other currencies and buy GOLD (or bitGOLD)

Witnesses are currently severely overpaid, due to the increase of BTS price. I think the committee should reduce witness pay (again) in the near future.

Alfredo receives 1600 USD per week for 40 hours of work, see his proposal:,23698.msg307996.html#msg307996 . If the worker receives more than that, it will be returned to the reserves.

Workers from before May this year were paid significantly more in terms of BTS, because BTS was much lower back then.
It's reasons like this that I started the thread Vote Proposal, Dynamic Fee System. As I understand it, everything in the bitshares ecosystem is essentially paid out of transaction fees. If the transaction fees are pegged in price, then everything there after should be forced to be pegged accordingly. I would be for worker fees be pegged, witness fees be pegged, all network expenses be pegged. Pegged to bitUSD, bitCNY, or possibly a basket of bitAssets.

Currently everything is being paid in BTS.
If someone becomes a worker at the wrong time, then they could end up severely underpaid, which is not good for them.
If someone becomes a worker at the right time, then they could end up severely overpaid, which is not good for the share holders.
I believe that pegging resolves these issues in a fair way.

I don't know where these things could be looked up. It should be public knowledge

Your link in the OP isn't correct. Cheers

Random Discussion / Re: EOS Price
« on: July 03, 2017, 11:28:26 pm »
We want developers to be able to psychologically leave ethereum, so we want to make their investment  worth little.

Could you elaborate a bit? Core developers or people building on the platform?
Psychologically making people leave Ethereum and go to EOS, interesting strategy, but hopeful dreaming in my opinion.

I'll give a metaphor. Imagine the year is 1996. Ethereum might be Windows 95, compared to the future EOS being Mac OSX (assuming it's successful). If you invested in Microsoft in 1996, you would have made good profits and could have sold at the height of Microsoft. If you bought Apple in 1996, you would have a long time to wait before that company got itself positioned in the market properly.

Ethereum isn't the best, but it's running right now. It has solid foundations, it's improving steadily, and it's foundations getting stronger. Everyday new things are being built on on top of it.

EOS is a machine that doesn't exist yet. It's theoretically amazing, but it hasn't been tested. When it arrives, it will have nearly Zero foundations. How valuable is an amazing Operating System that has No applications built for it yet? Good applications take a long time to make, and we still have a year on top of that before anything really starts churning. Meanwhile, slow and steady Ethereum will have tons of new and cool things working with it's system.

So it seems impractical for people to "psychologically leave ethereum", when there is nothing to leave for. When EOS is finally released, it will be an amazing shiny new thing- and the average user won't be able to do anything with yet.

And all of this assumes the "Best Possible Scenario". No hiccups/hangups or problems with EOS. If there ends up being some unforeseen bug or flaw in the design, then things could get a lot worse. Just my crazy 2 cents, but I'll be staying far away from EOS for the time being...

I don't have any ownership in Ethereum or EOS. I was simply using Ethereum as the example provided. Could just as well been any other Smart Contract currency.

Random Discussion / Re: EOS Price
« on: July 01, 2017, 04:43:12 am »
I also agree it looks over-valued. If you do the Eth-to-Dollar math for the 200M tokens, that comes to around $0.62 per token. At $0.62 per token for 1B tokens, that's a market cap of $626,000,000. That puts it in the top #10 on Coinmarket Cap. Above several other well established currencies

I love Dan Larimer and think he's brilliant, but at that price, I probably wouldn't buy if Jesus Christ himself developed the coin. We all assume it has great foundations, but as of yet, the new EOS system is not widely tested, not released, and won't be for another year. IMHO, many people seem to be on a crypto-high. Are they just dumping coins in a crazy gamble and not doing the math? Strange

Stakeholder Proposals / Re: Proxy: bitcrab - make the ecosystem grow
« on: June 29, 2017, 02:42:56 am »
"Vote to the worker proposals that really make sense"

Could please elaborate on this? What things in bitshares are you most in favor of improving? Can we see the worker proposals you voted for in the past?

Thank you

Stakeholder Proposals / Re: [Vote Proposal] Dynamic Fee System
« on: June 29, 2017, 02:37:02 am »
IMHO, as long as trades remain flat fee and near $0.001, then I will always promote the BTS network. That's an amazing deal

With proper collateral, is it possible that the network could safely implement something other than (long bitshares/short bitAsset)? It would be a great to be able to (long anything/short anything), for example - (long bitGOLD/short bitCNY)

Openledger / Re: Help with Withdrawal - OPEN.BTC and OPEN.INCNT
« on: June 01, 2017, 11:59:49 pm »
I'm not certain about INCNT, but perhaps I can help with BTC withdraw.

+ Go to the top tab "DEPOSIT/WITHDRAW"

+ Select Transfer Service "Openledger (OPEN.X)"

+ Make sure "GATEWAY" is highlighted (not "FIAT")

+ Please select the coin you would like to deposit, choose BTC

+ To the right of the previous step, you will see 2 tabs. DEPOSIT and WITHDRAW. Choose WITHDRAW

+ A button will appear, press it "WITHDRAW NOW"

I think it would be good to try to lean much more towards the lower side of fees so even if prices go down and fees are lower than 1 cent it's ok.  ... The community was overwhelmingly in support of zero fees + rate limited transactions
Agreed +100%. Every account could receive 10 or 20 trades free trades every day. If you want more, then pay.

Stakeholder Proposals / Re: [Vote Proposal] Dynamic Fee System
« on: May 27, 2017, 02:01:29 am »
Thank you for the insight, sahkan. Though that's not exactly what I meant with my example, but I digress.

My point was that the cost of running the network (electricity, pay for workers, etc), has a cost value that is more closely linked to the value of the Dollar, than the value of Bitshares. The price of Bitshares could go up to $10 over the course of a year, but the cost of running the network is likely to change very little.

I'm hoping this might provide something useful for us Bitshare holders.

Stakeholder Proposals / [Vote Proposal] Dynamic Fee System
« on: May 25, 2017, 09:23:38 pm »
I've seen a couple posts in the forum history about adjusting fees "up" or "down", depending on the price of bitshares at that time in the past. I would like to offer an alternative approach to fees. Dynamically adjusting fees.

In the past 2 months, the price of Bitshares has gone up over 10 times to the US dollar. Correspondingly, all fees also went up 10 times.

If the stock price of Poloniex went up 10 times, and because of that, Poloniex decided to also raise their trading costs 10 times. I don't imagine their customers would be very excited about that.

Most other digital currencies never solve this problem, purely because they can't. Their systems​ have no idea of outside prices. For example, the current cost of sending Bitcoin is nearly up to $0.50 per transaction.

Bitshares is a far more advanced and efficient network than practically any other, and it is able to track the real time prices of other assets in the currency.

It is possible that we could dynamically adjust the price of fees based on the settlement price an asset, like the bitUSD or bitSILVER. Or another idea could be to adjust fees based on basket of assets combined.

Proposal: Vote on changing to a dynamic fee system.

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