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Topics - abit

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Technical Support / Will there be a hangout today?
« on: April 01, 2016, 01:31:53 pm »
I mean, with BM in mumble? 14:00 UTC?
Strange. No announcement. [member=602]fuzzy[/member] ?

Yunbi is now publicly voting with their customers' voting power, voting for all refund/burn works but no other workers.


Yunbi's cold/warm wallet's voting proxy is set to laomao.

Personal suggestion: if you support development , please withdraw your funds from yunbi.

General Discussion / Can someone help test this new API server?
« on: March 26, 2016, 09:34:40 pm »
Can you help test "wss://" which is provided by [member=42020]linouxis9[/member], located in France?

Feedback needed.

If all OK we should add it to default server list.

General Discussion / Hard fork requests for review
« on: March 26, 2016, 10:21:05 am »
Here is a list of hard fork requests need to be reviewed:
* correct wrong voting proxy settings
* re-enable some permission settings of TCNY

According to, to avoid unexpected loss, UIA issuers need to keep an eye on the fee pool as well as the market, adjust CER(core exchange rate) when needed.
What is the fee pool all about?
The fee pool allows participants in the network to deal with assets and pay for the transaction fees without the need to hold BTS. Any transaction fee can be paid by paying any asset that has a core exchange rate (i.e. a price) at which the asset can be exchange implicitly into BTS to cover the network fee. If the asset’s fee pool is funded, the fees can be payed in the native UIA instead of BTS.

The core exchange rate at which a fee can be exchanged into BTS may differ from the actual market valuation of the asset. A user, thus, may pay a premium or spare funds by paying in BTS.

Make sure your core exchange rate is higher than the lowest ask, otherwise, people will buy your token from the market and drain your fee pool via implicit arbitrage.

It is the task of the issuer to keep the fee pool funded and the core exchange rate updated unless he wants the owner of his asset to be required to hold BTS for the fee.

The fee pool acts like the asset issuer placed a bid order (buy asset, sell BTS) in the system with CER as the price/rate. When a participant wants to pay a fee in the asset but not in BTS, actually she sells some asset to the issuer. If there is an ask order in the market which is selling some assets for less BTS, an opportunist can buy asset from market, then sell to the issuer to get an instant profit.

Currently, issues can run bots to adjust CER automatically.

So here comes an idea: why don't we have a built-in feature that adjusts CER automatically?

My proposal:
* issuer can set a parameter on the asset: P%, when the market moves, the system automatically adjust CER to "a_fair_base_price" * (1 + P%)
* make this feature opt-in, which means UIA issuers can enable it or disable it at will

Potential options for "a_fair_base_price" includes:
[easier to implement]
* current highest bid
* current lowest ask
* latest order filling price
* a calculation based on above values
[harder to implement]
* [weighted]average/lowest/highest filling_price/bid_price/ask_price in last X hours
* a calculation based on above values

In a liquid market, the automatic adjusting may work just fine (see price feeding for smart coins).
In an illiquid market, there may be people try to manipulate the price, so maybe automatic adjusting won't work.
Extended thoughts: probably we can adjust settlement_price of smart coins in similar way, so eliminate the need of price feeds?

More thoughts?

General Discussion / About workers: 1.14.35/36Fund to pay dividend
« on: March 24, 2016, 05:46:08 pm »
Original post:,22041.msg287004.html#msg287004

Some translation here:

After this worker is voted in, the ones who set dacs( as proxy will get dividends.
Dividends come from worker pay.
Distribution of worker pay will be done everyday:
* A manager will get 8000 2000 BTS
* every supporter will get (total_pay_today - 8000)/total_voting_power_of_dacs*voting_power_of_supporter

//Update: according to the original post, manager pay reduced to 2000 BTS.


Registered members of the Republican party in Utah will be able to nominate a candidate for the United States Presidency by placing a vote without having to visit polling stations by submitting them via the internet at the party’s website. The votes will be submitted and secured on a blockchain.

How about Follow my vote? [member=17361]ak[/member]

中文(Chinese) / BTS币龄出租 - 币生币
« on: March 12, 2016, 11:16:54 pm »





* 一方面,使用冷钱包+热钱包策略的投资者,还无法将冷钱包积累的币龄用到热钱包
* 另一方面,一些大户很少使用系统,无法有效利用积累的币龄,造成资源浪费
* 除此之外,仍然有不少用户认为系统手续费过高,希望降低使用成本


* 冷/热钱包用户无需再烦恼
* 币龄过多的用户,可以将积累的币龄出售,赚取利润
* 币龄不足的用户,可以从其他用户那里购买币龄,降低系统使用成本



* 只有终身会员(LTM,也称VIP)才能出租币龄
* 出租价格由市场竞价产生




General Discussion / Make a MUSE sidechain first?
« on: March 06, 2016, 07:23:45 am »
How about make a MUSE sidechain first? MUSE is also a Graphene based chain, it would be much easier to implement.

General Discussion / Another hosted web wallet?
« on: March 05, 2016, 02:16:43 pm »
Just saw a post in the Technical Support board., looks like a hosted BitShares web wallet. I haven't seen anything about it in this forum before.

Anyone know who is behind it? Thanks.

//Update: looks like it's the project of Rune and Toast.

中文(Chinese) / 手续费调整已生效
« on: March 03, 2016, 06:21:21 pm »

市场挂单费 0.2BTS(撤单退90%)
新建账户费 4.7 BTS(已扣除返现)

新建资产费11693 BTS
VIP升级费 28063 BTS

* 轻钱包: 浏览->费率表 ,
* 网页钱包:
* 区块链浏览器:

中文(Chinese) / 做市商激励机制
« on: February 23, 2016, 08:28:45 pm »



[member=4465]alt[/member] 这方面你最擅长,不管是做市机器人,还是发奖脚本,都可以参与一下。当然前提是制定一个好规则。意下如何?

中文(Chinese) / 手续费调整方案
« on: February 17, 2016, 10:19:12 am »
有兴趣的去看这个帖子,21368.0.html 很长,不知道有人翻译没有,有的话麻烦补个链接,谢谢。

* 以后手续费会定期(频繁)调整,以保证锚定美元
* 大幅降价的有:转账费0.018$,下单费0.001$
* 涨价的有:vip升级费120$



General Discussion / [ATTENTION] STEALTH will come on 18th Feb?
« on: February 15, 2016, 01:57:31 pm »
I heard that a new release of BitShares will come on 18th Feb, which will contain the STEALTH and FBA features. It's said that [member=5]bytemaster[/member] "announced" it in last Friday's mumble hangout. I haven't listened to the recording of that hangout so I'm not sure what actually it is. Just post some concerns here.

1. It seems no "official announcement" has been posted on the forum about the release. We'd better have at least a schedule: when will release, when is the hard fork and etc, so our PARTNERS and the community can plan accordingly in advance.

2. Will we do public testing before the final release? IMHO we'd better do it. However, here comes a challenge that how to judge whether the product is fully tested. Do we need a testing report? Who will provide the report? How much time do we need to audit the report?  Who will audit?

In short, let's be professional.


General Discussion / Rate Limited Free Transactions Feature Implemented
« on: February 14, 2016, 04:00:28 pm »
Rate Limited Free Transactions Feature Implemented.

* Committee can define the rate of coin-days to be converted to fees,
   for example, normal users can have: 1K BTS * 1day -> 1BTS of fee,  AM 1KBTS * 1day = 2 BTS of fee, LTM 1KBTS*1day=5BTS of fee

* Committee can define a cap of coin-days used for fees for each operation.
   for example, users can use coin-days to pay 10BTS of transfer fee, or 1 BTS of market order creating fee, or etc

* Committee can define a cap for every account type(LTM/AM/normal user), so a user would be unable to spam 100 or more free transactions at same time.
   for example, LTMs will have a cap of 100BTS, AM 50BTS, normal user 30BTS.

So if you're an LTM, and you have 1M BTS in your account, you can accumulate 5000 BTS of fees per day, or about 3.5BTS per minute. In case when transfer fee is 30BTS and the committee set the free-fee cap of transfer to 30BTS , you can transfer once for free every 10 minutes.

Code is here:

Reference: [BLOG POST] How to build a Decentralized Application without Fees

Have fun!!

By the way, [member=37127]JonnyBitcoin[/member] [member=31]fav[/member] would you like to vote for my worker proposal "1.14.29   [BSIP10] Percentage-based transfer fee solution based on CER"?

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