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Messages - Pheonike

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31
I like the idea using parts of the collected fees going to a collateral pool that reduces the debt of all shorters.


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32
How about Nebula.

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33
General Discussion / Re: Incentivize SmartCoin collateralization
« on: January 24, 2017, 01:25:32 am »
Then the blockchain stops selling bitusd. Just like there is a limited supply of bts produced each day, there will be a limited supply of bitusd available for purchase.

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34
General Discussion / Re: Incentivize SmartCoin collateralization
« on: January 23, 2017, 09:12:36 pm »
What if they trade was one-way. You can only buy the coins from the blockchain. The 100% collateral from the buyer and 100% collateral from the blockchain were then burned. The only was to convert bitsud back to bts is to sell it on the exchange. Doing this increases the value of bts and increase the supply of bitusd.

35
General Discussion / Re: Incentivize SmartCoin collateralization
« on: January 21, 2017, 08:00:10 pm »
Why are users involved in creating smartcoins in the first place? Why shouldn't the blockchain produce them? Does it matter if all the collateral is put up by a user? What if creating a smartcoin was as simple as just buying it from the chain.  If I want 50 bitusd I send the equivalent value in BTS to the chain. The blockchain lockes 200% plus the 101% collateral given to it. The 1% is a fee for this instant conversion.  Same thing in reverse. I send the blockchain the 50 bitusd, it sends me 99% of the value in BTS and unlocks the other 200% it was holding. The 1% fee can be burned or used as dividend payment to bond holders.

This way shorting can work normally and not involve creating supply. The collateral used doesn't made any smartcoins. It is just used to measure position in terms of the smartcoin being shorted. Trader's can short for what they really want to do which is speculate.

How does blockchain loose tokens? They only exist on the blockchain.

NO. This is just blockchain buying and selling passively, blockchain will lose all the token.

36
General Discussion / Re: Incentivize SmartCoin collateralization
« on: January 21, 2017, 01:20:20 am »
Why are users involved in creating smartcoins in the first place? Why shouldn't the blockchain produce them? Does it matter if all the collateral is put up by a user? What if creating a smartcoin was as simple as just buying it from the chain.  If I want 50 bitusd I send the equivalent value in BTS to the chain. The blockchain lockes 200% plus the 101% collateral given to it. The 1% is a fee for this instant conversion.  Same thing in reverse. I send the blockchain the 50 bitusd, it sends me 99% of the value in BTS and unlocks the other 200% it was holding. The 1% fee can be burned or used as dividend payment to bond holders.

This way shorting can work normally and not involve creating supply. The collateral used doesn't made any smartcoins. It is just used to measure position in terms of the smartcoin being shorted. Trader's can short for what they really want to do which is speculate.

37
Instead of a fixed amount, I think witnesses should put whatever amount the think is fit. Then let the amount put up be a factor along with voting.

38
General Discussion / Re: New Bitshares Dividend Idea
« on: January 18, 2017, 06:07:47 pm »

Couldn't we add some king of regional switch option for users and/or UIA owners? This switch would define what fee structures are applied.  There would need to be minimum time limit so users can't just switch daily, maybe 6 months/year. Pretty sure this would require a hardfork.

39
General Discussion / Re: how about to raise block reward?
« on: January 18, 2017, 05:33:14 pm »
I've been running a witness node almost since the beginning of BTS-2, and I'm against increasing witness rewards at this time. The cost for running a sufficiently reliable node (or two) is covered by the rewards, even taking some hands-on time into account. I hope this will change in the future (meaning more network load), and if the BTS exchange rate does not rise along with its utilization we should talk about raising rewards, but not now.

I am, however, strongly in favour of separating the role of block producer from the role of submitting price feeds. As others have pointed out, running a reliable server requires different kinds of expertise than providing a "correct" (whatever that may be) feed.

Is it assumed that running a witness is a single person job? Is there some rule that says only one person can run one?

40

It's not mulit-level. You only get fees from person you refer. You don't get anything from the people that your referrers refer.

41
General Discussion / Re: more professional price feed?
« on: January 18, 2017, 12:30:10 am »
As the Bitshares grows up, the amount of resources needed for running a witness will grow. As envisioned early on, witnesses will be mini companies unto themselves. When Bitshares reaches 5 Billion and more, people are going to want a professional team running these nodes and not some guy doing it part-time. So we should start grooming that kind of talent now and not until performance starts to suffer because we have amateur witnesses.

42
General Discussion / Re: how about to raise block reward?
« on: January 16, 2017, 03:58:34 pm »
I agree with raising the pay. It will encourage witnesses to be more attune to what is needed. It also will increase competition by forcing witnesses to bring more skills to the table. Having witnesses with higher technical skills is win and can take some of burden off worker program which seems we can't get right.  We have a functioning worker program with witnesses, just incentives it more. People who do the bare minimum will start being voted out.

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43
General Discussion / Re: Graphene vs. BitShares in GitHub
« on: January 16, 2017, 03:43:46 pm »
Let's abandon cnx/graphene and start working in our own organization/repo!

+5%!
Agree, they in a sense abandoned bitshares.

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44
General Discussion / Re: Incentivize SmartCoin collateralization
« on: January 15, 2017, 05:47:59 pm »
This is why need a new shorting mechanism for this. Or have people buy asset like say a smartusd. People send bts to it and get smartusd. The bts is used to short for shorten that asset.

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45
Stakeholder Proposals / Re: [Witness Proposal] 1.6.59 - xn-delegate
« on: January 10, 2017, 05:57:12 pm »
我是一个程序员,已经从业15年;从PTS发布后开始关注区块链技术,在过去的时间里一直关注PTS、Bitshare1.0、Bitshare2.0、以及框架Graphene。

在目前各种区块技术对比后,发现Bitshare2.0以及Graphene框架是相当不错的,所以加大了在技术上的学习时间。

看到社区里很多人反对Worker,于是我已经开始免费的为Bitshares2.0做一个UI。这个UI,是针对入门用户,以操作简单为目的,主要实现交易和支付功能;这个项目的源码同步公开,以方便其他人学习研究。为更多的开发爱好者参与进来做出我自己的一点贡献。

源码地址:https://github.com/xiangxn/btsgo

同时也希望大家为我的见证人投上一票:
见证人账号:xn-delegate
见证人 id:1.6.59
见证人服务器配置:Linode 4核,8G 内存

I am a programmer, has been practitioners for 15 years; from the PTS after the release of concern about the block chain technology, in the past time has been concerned about PTS, Bitshare1.0, Bitshare2.0, and framework Graphene.

In the current block technology comparison, found Bitshare2.0 and Graphene framework is quite good, so increase the technical learning time.

See a lot of people in the community against Worker, so I have started a free Bitshares2.0 UI. The UI is aimed at entry users, for the purpose of simple operation, the main realization of the transaction and payment functions; the project's source code simultaneously open to facilitate other people to study and research. For more development enthusiasts to participate in to make my own little contribution.

Source address: https://github.com/xiangxn/btsgo

I also hope that you will vote for my witnesses:
Witness account: xn-delegate
Witnesses id: 1.6.59
Witness Server configuration: Linode 4 core, 8G memory

That's great! Can't wait to try it.

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