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Messages - dipplum

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General Discussion / New to bitshares code base
« on: May 23, 2017, 04:16:31 am »
I have been a lurker since AGS and PTS times. Now I realized how stupid I am that I only invested small amount of money but not my time into BitShares. Hope it is not to late to start.

I am pretty good at both C++ and distributed system, plus some limited exposure to web and mobile development. I am wondering if anyone can point me to some simple out-standing issues that I could use for my ramping up.

Any suggestions are welcome. Thanks!

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General Discussion / Re: Proposal to Resolve a Million Issues at Once
« on: October 20, 2014, 08:28:23 am »
merging BTSX with PTS and AGS is not necessarily a bad thing, if we do it right.

if someone can come up with a proposal for the merger that are signed/approved by majority of share holders (>51%) of BTSX, PTS and AGS, then we have no option but to merge. I think it will become a historical event.

we are dealing with digital assets here, collecting signatures from share holders wouldn't be that hard.

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General Discussion / Re: Dan Larimer - Your thoughts on what's happening to Bitcoin right now
« on: September 19, 2014, 07:43:47 pm »
Quote from: CoinHoarder on September 19, 2014, 06:59:05 pm

I'm not a Larimer, but I read a good theory yesterday. Basically.. the Alibaba IPO is sucking money out of the ecosystem. A lot of the price support has been coming from China, and they are mostly interested in getting a piece of one of China's biggest and most successful companies. If one of our bilingual friends from China could weigh in on this theory, I would appreciate it.

http://bitcoinmagazine.com/16481/bitcoin-price-dropped-today/

It wouldn't be easy for a normal Chinese guy to buy Alibaba stock from NYSE.

Sent from my HTC One_M8 using Tapatalk


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中文 (Chinese) / Re: 纽约比特币大会快讯，3i 将和下一代的去中心化互联网服务提供商MaidSafe.net达成战略伙伴关系
« on: April 09, 2014, 05:19:15 am »
原帖并没有说3i和maidsafe将达成什么合作

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General Discussion / Re: Profits, Performance, Trust & Efficiency
« on: March 29, 2014, 08:45:00 am »
several questions are not clear from the discussions:
1) what is the process to vote for a trustee, how many candidates will we have and how long will the election take?
2) how to fire a trustee? Is a hard fork absolutely required for adopting a new trustee?
3) is the trustee server also open source? how can we be sure if it is actually running that code? how can we validate that the process that the trustee follows to select the next block is actually fair?

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General Discussion / Re: BitShares X Status Update
« on: January 21, 2014, 07:37:42 am »
Built BitShares git source tree like a charm. I am really excited! Can someone send me some test BTS?

My BTS test address: MwMaVA8rVc2vgjnKN7nfW2kMtt7

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General Discussion / Re: Are total amount of BitUSDs limited by the exchange rate of BTS/USD?
« on: January 11, 2014, 06:56:17 pm »
Thanks for the discussion, I think I know where I might be wrong:
1. a large amount bit BitUSD will only be created when a lot of people wants to short USD
2. if they are wrong and the value of USD instead rise against BEX (or BTS using the old term), the short will try to buy back the BitUSD early to cover their collateral, which wound effectively drive BitUSD price up
3. if all longs simply hold on to BitUSD, BitUSD price will not change because no trade is happening, which means they also agree that BEX is not undervalued at the current exchange rate of BEX/BitUSD. Otherwise some of them will sell BitUSD for BEX

If most people simply holds their BitAssets, they are also putting their believes in BEX which would also hold the BEX value regardless of external exchange rate. If that's the case the external exchange rate would probably start to rise and follow the BEX/BitUSD instead.

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General Discussion / Are total amount of BitUSDs limited by the exchange rate of BTS/USD?
« on: January 11, 2014, 10:26:04 am »
This is a noob question. But I couldn't be sure if I understand it right.

For example, we have 4 million BTS in the first chain and suppose each BTS is worth $10 in the beginning. Let's assume that 50% of the BTS are converted into BitUSD at that time, then we would have 10 million BitUSDs in BitShare BEX.

If later the price of BTS dropped to $1 externally (not necessarily a sudden drop, it can be over months or even years), and BitUSD would rise also against BTS. Is it possible all those 10 million BitUSD would still exists in BEX?

My understanding is if no one covers their short positions, those 10 million BitUSD will be destroyed by forced margin call as soon as BTS drop more than 25% of its value against BitUSD (BTS that's backing the BitUSD will be returned), if some one covers their short positions, then at least some of the BitUSD will be destroyed and there will be less than 10 million BitUSD available. Therefore total amount of BitUSDs are limited by the exchange rate of BTS/USD? Is that right?

And even if anyone is able to predict that BTS price will drop from $10 to $1, there is no way he/she can act on it to preserve the dollar value within BitShare BEX system, e.g. converting BTS into BitUSD doesn't guarantee that you will own BitUSD for as long as you want, as the BitUSD will be converted back to BTS as soon as the BTS backing BitUSD falls more than 25% against BitUSD.

Am I missing anything or the BitShare BEX cannot protect the value of BitAsserts against a 25% price drop of BTS?

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