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Messages - matle85

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Stakeholder Proposals / Re: Core Team Worker Funding Status
« on: June 27, 2019, 09:47:49 pm »
That's great Ryan. Thank you.

2
Support. Voted.

3

* Another option would be to allow the asset holders to enable assets for pairing and specify which pairs could be opened in case the pair has lending enabled too


This gets my vote. I think involving others is muddying roles - BitShares can add the function and set the rules then others can decide whether to offer it.

I think the minimum liquidity requirement is worth considering but don't think it would add anything meaningful as could be easily gamed by bots and we just end up chasing our tail.

What's the plan for BTC? That's one interesting challenge. Ideally I'd like to see certain exchanges grouping / partnering for liquidity if required initially... Again hard for BitShares to get too involved directly as if we look at pooling BTC how do you decide who's approved, how do you minister it etc.

The ideal solution is some form of custodial/transparent wallet with encrypted keys which only the committee can access if approved by all members, with automated withdrawls / deposits. Could be used to back bitBTC by BTC 1:1.

4
I am really excited about this. I do think there is a lot of pressure to get it right though as if it goes wrong people can lose a lot of money.

I tend to agree with using 'last price' but how vulnerable is this to manipulation even in quite liquid markets and could it lead to a big crash? I.e. someone dumps $1M USD because they are it will cause $10M in calls, that $10M gets dumped on the market and forces the price even lower causing more Longs to get liquidated. The person dumping $1M buys back in at a 20% profit or whatever.

How instant will the liquidations be? I know there has been some outrage on other platforms about flash spikes/crashes liquidating...if the price drops 20% in one trade and is back up withing 20 seconds will all those longs be out of the game?

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General Discussion / Re: market fee sharing setting for smartcoins
« on: June 18, 2019, 03:42:11 pm »
Correct?
Yes but you missed the LTM fee. 80% gets to the referrer (2400BTS), which is not a small number.

Noted - i didn't realise they also get 80% of that fee. Pretty great actually then!

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General Discussion / Re: market fee sharing setting for smartcoins
« on: June 18, 2019, 09:55:52 am »
I don't think 80% is high because it is only for normal members - once they upgrade to LTM (which all serious traders will do once they are trading significant volumes) the referrer won't get anything.

Correct?

This is a bit of a turn off for referrers in my view.

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Current fee pool balance on bitCNY is 762,321.9948 bitCNY - does anyone know how long this has taken to build up? I thought accumulation rate was quite slow but maybe it is higher than I thought

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it's a good idea to set 80% market fee sharing and reset market fee to 0.1% for smartcoins, irrelevant to make both possible.

then lifetime members actually just pay 0.02% market fee,but will get 0.08% reward from his basic member referee's trading.

it will greatly encourage users to become lifetime member and invite new users.

不是传销,胜似传销。

I agree this is a good idea.

I think this also will bring some big benefit for leveraged trading as well (when we introduce that) as the fee will be based on the leveraged amount (i.e. people inviting people who then carry out leveraged trades will have even more significant gains)

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I am keen to hear novel proposals and welcome the suggestion but I think I agree with Bitcrab that the effect would not be significant considering the spend. I think I would need to see some charts / graphs explaining the return is higher than I currently foresee it to be before supporting.

Like I said though, thank you for bringing this forward and hope to hear more novel / new thinking suggestions from people on how to increase the price.

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LATOKEN is under process with their technical team for integration - they sent some questions this week but I've been travelling for work so will only reply this evening / tomorrow. Should have a date for 'going live' shortly.

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Great to see Alex.

I know the cost is high but I like the idea of us partnering as BitShares. I agree that bringing in some of the businesses built on BitShares would be good.

Pretty sure I can attend this year to help out.

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Stakeholder Proposals / Re: [Worker Proposal] Cryptomate Listing
« on: May 31, 2019, 01:19:48 pm »
Price is listed for 1000 BTS.
Retweets are needed: https://twitter.com/Cryptomate/status/1133121889327636483

I've been speaking to their MD - we will have some promotions planned over the coming weeks.

They have included us in the 'big' list at the top, just below EOS.

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

An example https://www.redsocial.net/buy-twitter-retweets/
$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.

We are about there with the votes so need to avoid doing anything that would get us disqualified - no need for bots or paid retweets, their fee works out pretty fair.

It might be interesting to experiment with that service for some other tweets tho (i.e. general promotion ones) to see if it gains us more traction.

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Stakeholder Proposals / Re: [Worker Proposal] Cryptomate Listing
« on: May 30, 2019, 09:54:36 pm »
Bitshares can be bought on https://cryptomate.co.uk/buy-bitshares/ now via Bank transfer.
Awesome!

You can! Press release coming in the next few days ;)

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