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Messages - Thul3

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Are there any updates on Biki or LAtoken ?

I do not support this proposal.

comparing to the daily BTS release via worker proposal budget, the market fee accumulation is so few that can be ignored and will not generate obvious effect.

I prefer to set smartcoins 100% market fee sharing, I believe this will greatly encourage users to become lifetime member and invite more users to come to BTS ecosystem.

this is a much better way to use the smartcoin market fee than "buy back BTS and burn".

Agree on that

General Discussion / Re: why not borrowing?
« on: June 10, 2019, 07:19:30 am »
in your eyes anytime the market is in down trend and we shouldn't do anything until the up trend come.

some CEXs has adopted CNY as base currency but suffered the shortage of bitCNY and finally unlisted it.

currently the key task is to guarantee the bitCNY supply.

No, that is your claim.Its a reason why some people don't borrow currently.I'm  fully in stablecoin and observing some bigger players who do borrow i also saw they exchanged part of their debt to stablecoins.

I agree that main focus should be now to provide supply of stable coins but we have also to accept that current stable coins can be mainly only used to buy directly BTS.
First goal should be to make stable coins more attractiv to be able to buy other major coins anytime at market prices and giving holders of stable coins the possibility to use it on diffrent exchanges with small spread in prices.

Frankly ..I don't put too much weight behind TA (technical analysis)...because at then end of the's all a reflection of mass psychology... that's why $billions are spent on advertising every day..

how else does one explain the valuation of Dogecoin(#29) while BTS is (#51).... or CryptoKitties..

I think social, economic, financial and politcal events will impact price more than anything else...

You never know what kind of motivation will move markets...

1.Leverage via stablecoins which makes BTS more volatile.It also means that BTS will rise way quicker in an uptrend than dodgecoin .
2.Way better marketing and adoption of dodgecoin.For me it currently seems bitshares oversleept marketing and adoption compared to other coins which it needs now to catch up quickly.

A good refference point is DAI.
How does it come that DAI is already listed everywhere where bitshares or its stablecoins try to get implemented?

Since you don't care about major TA signals what event is bitshares going to produce in next 30 days which in your opinion will impact the price more than major trends ?
I'm asking cause i do also belive that some events are stronger than market trends.

General Discussion / Re: why not borrowing?
« on: June 09, 2019, 11:12:13 pm »
this current (BTC) somewhat bullish market sentiment

Where do you see a bullish market sentiment ?

Weekly candle just confirmed of trend change

Also the use case of bitassets is currently very limited with big spreads when you watch major assets volume against bitassets.
BitCNY on a major CEX with cross trading and mirrored offers via DEXbot (on DEX,ZB,AEX and major CEX) could make a big diffrence making these bitassets more attractive again closing the gap and increasing the volume and liquidity.

Stakeholder Proposals / Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.6
« on: June 04, 2019, 12:12:08 pm »
The loose of peg comes from low liquidity and not by reducing MCR from 1.75 to 1.6.

If you reduce MCR from 1.75 to 1.6 it automaticly means you get now faster to MCR 1 in a bigger down movement.
Normaly it would be no problem since margin calls would get filled and the MCR pushed back to the minimal required MCR.

However with the current changes like MSSR 1.01 and the try to add gateway fees to the feedprice to make margin called offers more expensiv than BTS offered on CEX at regular price means that there will be no more margin be bought in a bigger down movement and the bad debt run through 1.6 to 1 without being pushed back by filled margin calls.

The risks of totaly losing the stable coins peg because of uncollateralized debt has been significantly increased.

Stakeholder Proposals / Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.6
« on: June 04, 2019, 12:00:30 pm »
This is ridiculous, we should be encouraging people to take out better collateralised positions, not allow them to take out less collateralised positions.

why not? MAKER DAI had MCR=1.5.

Rule is rule, want to change? give a new rule.
We need to make the platform more attractive for people to borrow more bitAssets.
Reducing MCR from 1.75 to 1.6 was the right step.

Who is going to use a stablecoin which will lose its pegg in a mid seize down movement ?

Lowering the MCR is fine but lowering the MCR and working that no margin will be eaten anymore will only decrease the reputation of bitassets as stable coin.

Just had a look at it.
You can manipulate the voting by adding retweets from services.

An example
$12 for 1000 retweets = 20.000 Points. or $200 in crypto you would spend.

Please note the above is just an example of a service provider i haven't tested myself.

中文(Chinese) / Re: cn-vote投票公示
« on: May 30, 2019, 06:17:27 pm »
发起投票:1.14.190 Article and Brand Marketing on Major News Websites
2.  理由:社区一直缺少营销方面的工作,这是一次有益的尝试。
3.  方式:由教授发起,同意的批准,不同意的不用做任何操作




You can have the best feeding mechanism in the world.
Without a growing community/participants it will be worth nothing.

中文(Chinese) / Re: cn-vote投票公示
« on: May 30, 2019, 04:31:42 pm »
发起投票:1.14.190 Article and Brand Marketing on Major News Websites
2.  理由:社区一直缺少营销方面的工作,这是一次有益的尝试。
3.  方式:由教授发起,同意的批准,不同意的不用做任何操作

Thank you i really appreciate it.

Stakeholder Proposals / Re: [Witness proposal] zbbtsbp[双语]
« on: May 30, 2019, 12:18:09 am »
How does it come zbbtsbp is only voting for chinese witnesses ?

Are all foreign witnesses bad witnesses ?

PS. Who has control over the account nevermore1 ?

They vote for witnesses who change BitCNY MSSR to 1.01. If only voting for Chinese witnesses, then they should vote for abit as well and unvote xeldal.

Makes sense thanks.
Is it ZB voting directly through the account nevermore1 or is somebody else the owner of that account ?

中文(Chinese) / Re: cn-vote投票公示
« on: May 29, 2019, 06:48:54 pm »
Worker 1.14.190

Stakeholder Proposals / Re: [Witness proposal] zbbtsbp[双语]
« on: May 29, 2019, 06:24:49 pm »
How does it come zbbtsbp is only voting for chinese witnesses ?

Are all foreign witnesses bad witnesses ?

Sicne youre not using an escrow, may I suggest the worker payment account is made a multisig with a few senior community members just to put stakeholders minds at ease?

Thats not a problem.Will do so.

Is there a way to create a private github, so that interested people could help with editing / proof reading?

Hi Fav if the private github effectivly exclude all parsers from search engines so the content won't get indexed
yes that would be possible and even much appreciated.

Arround $3700 on average for each.
All articles won't be displayed at the exect same time but in a timeframe from 30-45 days with the intend to push back bitshares into peoples and businesses view and hopefully increase the price of BTS which would benefit the whole bitshares ecosystem.

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