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Messages - abit

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3616
10% is from BM alone...so I would not really say "widely accepted by the community"

Anyway, the only thing to do at this point is to hope that this feature will bring lots of new users and adoption for BTS sake...
No, it's not alone. BM is a proxy, he has many followers.

3617
General Discussion / Re: Whats going on with Coinmarketcap ?
« on: December 24, 2015, 05:09:23 pm »
yep me .. and i've pinged monsterer on skype as well..

IMO better me is buying BTC empty then another non known person ..
Will pay them back --> *tbh .. i would desperatly need this "gift" as well...

(and just to say, i'm not having access to ccedk exchange site/ back end etc, if u're thinking the likely candidate is the BTS/EUR market on CCDEK )
Good to know you're protecting it. Would be better if you had more BTS at that time.

3618
General Discussion / Re: Whats going on with Coinmarketcap ?
« on: December 24, 2015, 05:06:15 pm »
This thread is brought to you by : STEALTH
Will STEALTH do anything good with this issue?
Imo it's more important for MetaExchange to find a better price feeding method. Maybe @alt could help.

3619
General Discussion / Re: POLL: Why are you still hodling BTS?
« on: December 24, 2015, 05:01:02 pm »
why not? Cause i don't have any BTS to hold .. unfortunately i had to sell them over the past weeks  to get some private related challenge solved

Man it sucks when the core devs dont have any stake in the project :(

tbh yes, it's not the best motivation .. but i will publish a worker proposal soon..
Good. And dump more.  :P

3620
General Discussion / Re: Whats going on with Coinmarketcap ?
« on: December 24, 2015, 02:44:19 pm »
Looks like someone figured out to manipulate the CMC price which is where metaexchange gets our feeds from. :(

The likely candidate is the BTS/EUR market on CCDEK which is showing a huge price, and probably skewed the weighted average they use.

This has cost us a lot of BTC. If the manipulator is reading this, please consider returning the funds to us, we will issue a full BTS refund and you will be doing the community and METAFEES holders a favour.

Quote
BTS/BTC   sell   0.0000068   199900 BTS   0.00407796 BTC   Dec 24, 13:05:58 (UTC)
BTS/BTC   sell   0.00002118   246241.34362 BTS   0.01564617 BTC   Dec 24, 12:20:44 (UTC)
BTS/BTC   sell   0.00002133   46000 BTS   0.00294354 BTC   Dec 24, 12:15:44 (UTC)
http://cryptofresh.com/u/metaexchangebtc
Quote
heluwa-1 sent 200,000 BTS to metaexchangebtc block 2,057,980 - 2 hours ago - 33 BTS
heluwa-1 sent 246,000 BTS to metaexchangebtc block 2,057,917 - 2 hours ago - 33 BTS
metaexchangebtc sent 25,800 BTS to heluwa-1 block 2,057,885 - 2 hours ago - 32 BTS
heluwa-1 sent 25,800 BTS to metaexchangebtc block 2,057,834 - 2 hours ago - 32 BTS
cass sent 46,000 BTS to metaexchangebtc block 2,057,807 - 2 hours ago - 33 BTS
cass sent 100,000 BTS to metaexchangebtc block 2,057,721 - 2 hours ago - 33 BTS
cass sent 45,000 BTS to metaexchangebtc block 2,057,698 - 2 hours ago - 33 BTS

heluwa-1 sent 53,900 BTS to metaexchangebtc block 2,057,567 - 2 hours ago - 32 BTS
metaexchangebtc sent 26,460 BTS to heluwa-1 block 2,057,482 - 2 hours ago - 32 BTS
heluwa-1 sent 275,000 BTS to metaexchangebtc block 2,057,423 - 2 hours ago - 32 BTS
heluwa-1 sent 245,000 BTS to metaexchangebtc block 2,050,593 - 8 hours ago - 32 BTS
More?  @cass?

It appears 'heluwa-1' traded much through metaexchange in the past months: http://cryptofresh.com/u/heluwa-1
Btc38 may know who is him.

3621
General Discussion / Re: Merry Xmas / Holiday and Happy New Year
« on: December 24, 2015, 12:24:42 pm »
HAPPY HOLIDAYS

3622
1. I think your proposal in  https://bitsharestalk.org/index.php/topic,20709.msg267842.html#msg267842 is lack of incentive/method to UIA issuers which want to earn some money in payment business .
What incentives do we have now?
The only one I can think of is this: set CER at such a level that paying the transfer fee in UIA is more expensive than paying in BTS.
I did not say that we have incentives for the issuers now. So better to add some. For example a profit split between referrer and issuer. However, it's best if referrers and issuers come to discuss this, I'm more a user or a developer.

3623
General Discussion / Re: What is the goal of Plasma?
« on: December 23, 2015, 11:40:56 am »

3624
Bitshares have a long way to go to get competence comparing with Paypal, please do not raise the fee first, but raise the competence first.

Let's assume that 2% is the maximum fee people are willing to tolerate when they transfer money.

The above assumption gives us these conclusions:
- With the current flat transfer fee of 30 BTS, we only support transfers above $5 (~1,500 BTS) and effectively send people away if they want to transfer anything less.
- With the percentage-based solution, we will support transfers above $1 (~300 BTS). So we will cover a very important segment between $1 and $5.

Any major payment system on this planet (including Bitcoin, PayPal, debit cards, bank transfers) supports payments between $1 and $5.
But we don't. We seem to know better.

We want to compete as a payment system, but are happy to ignore the most important customer segment.
In the real world such a product has no chance to survive.

No business (certainly not mine) is going to build a payment system around the current flat fee structure.
This needs to change, it cannot stay this way unless we want to kill the referral program or give up being a payment system.
Percentage-based fee structure is the only solution capable to reconcile those two.

Guys, I'm trying to fix a major flaw.
Why does nobody care?
1. I think your proposal in  https://bitsharestalk.org/index.php/topic,20709.msg267842.html#msg267842 is lack of incentive/method to UIA issuers which want to earn some money in payment business .
2. I'm curious why rare people in referral business come out to comment on your proposal. (Btw I'm also curious whether there is someone from referral business in the committee).
3. Perhaps we could use FBA to attract people who really care about this issue. Say, with a percentage fee schema, 20% or 80% of fees (deduct the basic network fee) go to FBA holders.

3625
Where can we find answers of quoted questions?

So, every news story on this just needs to get commented with a link to openledger.info.

Be creative.  Just say:  "Nice web site at openledger.info"  or something.

That helps establish prior existence everywhere.

:)



great idea to use as a community quest that pays out in bitshares and other sponsored/donated tokens. 

"For every post you write and link to as proof we will give you 500 bts, 200 Brownies, 300 Obits and.....(fill in the blank).


@Stan, @fuzzy @anyone in this thread...

You guys behave like OL is bitshares... should I say they are not quite the same, very much the opposite is true.

Let's look at the facts.

- The Obits offering is sketchy, to say the least. Profit sharing is fine, details are gold [severely lacking details in this case].  How about anwering some of those question, instead of the never arriving into reality card:
What will happen if not all Obits are sold? What percent of the income will go to the one actually sold? What will happen to the unsold ones?

-basic explanation why the Obits sells are needed in the firs place would be also good... but no one cares to mention why they need 1 mil or so USD, and/ or what they will do with that cash

- Proceed of obits sells are used to simply dump BTS on the exchanges. It might be unavoidable evil if it was clear what the money are needed for, but OL hates explaining facts of life (great words for the departed or the one yet to come, is their strength, it seems)

-If the above is not bad enough, instead of efforts to improve in someway its core business (exchange on the bts chain), the money are used to buy all kind of unrelated and semi-related businesses (casinos, advertising networks, tipping bots etc.)

- The way this 'exchange' is run is also a big suspect... I often think the guy was indeed journalist responsible for the obits section of some newspaper... great media contact and total lack of idea what he is doing on the exchange side (aka core business). What I mean? well, I semi get that bitAssets are a total screw up in their mind so they rather not touch them but run their own UIAs -OPENBTCs and the like... but even those IOUs are totally totally ridiculously done.... you send your btc and you get some OpenBTC... then you have to sell them for enormous premium to get into BTS...things get even more crazy if you want to exit the system... Currently, OL do not care to offer their OPENBTC  for anything close to market rate... actually they do not care to offer them AT all for people wanting to take their btc out...some random guy is left to do that for them...and he is asking for 160,000 BTS/BTC with a market rate in the 125,000 range...


So, let's get some money to everyone promoting the above nonsense, shell we?

3626
中文 (Chinese) / Re: 比特帝国法币网关淘宝店开张
« on: December 23, 2015, 08:23:02 am »
恭喜恭喜。
请问IOU.CNY现在支持哪些商户?未来会拓展哪些商户?
是否考虑支持bitCNY兑法币?
是否考虑承兑TCNY?

3627
Technical Support / Re: How can I burn asset in bts2.0, like in bts1.0?
« on: December 23, 2015, 08:09:20 am »
There is a special account "null-account" whose permissions are set such that "no one" has control.
You mean this account? https://bitshares.openledger.info/#/account/null-account/overview

How did an account with no permissions manage to update the BRICS asset?

That is a very good question.  It looks like the answer is that the old issuer "openbank" transferred the asset to "null-account".  So the account history shows the transaction listed under both old and new owner.  Looks like a bug in how account history is representing the UPDATE_ASSET.   If you click on the "time" in the history you can get more details.


Quote
UPDATE ASSET   
Asset to update   BRICS
Issuer   openbank
New owner account   null-account
Core rate   0.01 BTS/BRICS
New options   
root:{} 12 items
max_supply:100000000000000
market_fee_percent:0
max_market_fee:0
issuer_permissions:64
flags:0
core_exchange_rate:{} 2 items
base:{} 2 items
quote:{} 2 items
whitelist_authorities:[] 0 items
blacklist_authorities:[] 0 items
whitelist_markets:[] 0 items
blacklist_markets:[] 0 items
description:BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. As of 2015, the five BRICS countries represent over 3 billion people, or 42% of the world population; as all five members are in the top 25 of the world by population, and four are in the top 10. The five nations have a combined nominal GDP of US$16.039 trillion, equivalent to approximately 20% of the gross world product, and an estimated US$4 trillion in combined foreign reserves. The asset's value is derived from the fully secured and decentralized blockchain with users participating from all around the world. The issuer is restricted from transferring the assets back to itself.
extensions:[] 0 items
Fee   21.52734BTS
By transferring the owner to null-account, the original owner fulfilled its promise that any parameter of that asset (e.g. max amount, fee rate and so) won't be changed in the future.

3628
Quote
no one would like to contact "Huangniu" just to save 1CNY.
Right. As I said if there is "high difference".
And I agree that we should concern competence first.

3629
In this way IOU issuers may abuse the fee system / spam the network with a very low core_exchange_rate, as the system don't know the real value of the assets. But users of smart coins have to pay much more. Just some thoughts..

3630
@bitcrab keep bts transfer fees low but other assets high would encourge p2p trading to avoid the high fee. In China it's called "Huang Niu"

//edit: asset-specific fees will benefit market makers       if the differences are big and demands are high, as users always look for lower cost.

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