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Messages - yiminh

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31
General Discussion / Re: Support BitUSD Price by Forced Covering at a Profit
« on: September 01, 2014, 02:30:11 am »
Sure, only if it is implemented without changes you get the 1 Million bounty!

10Mil are you nuts?

Don't you think it's worth 10M BTSX if it worked?

32
General Discussion / Re: Support BitUSD Price by Forced Covering at a Profit
« on: September 01, 2014, 02:13:36 am »
I have a perfect solution to this pegging problem, only need one little change to the current system, no price feeds, no 90% stuff, if you post a 10 M BTSX bounty, I'll post it.

33
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 05:22:37 pm »
don't waste our time releasing half baked quick fixs, just go and take a month time to fix all the bugs(GUI included) imaginable and throughly test in on testnet on all machines and OSs.

You know, I used to think like that, but here is the thing - it is all open source if you REALLY disagree with how they do stuff, fork it and make your own. :)

I don't have the time right now, I think the software designer of this project is the weak link here, should be replaced:(
Testing beta software isn't for everyone. Come back when we're on 1.x version and you should be happier. I don't think closing the public beta or asking for the head of Bytemaster is the quickest path to success. In fact just the opposite.

I sure hope ByteMaster designed the details of this DAC, but he farmed out to some HongKong company, I think ByteMaster will never make the mistake of messing up transaction database design.

34

I.e. We find the collateral level (which may be very high) that makes the BitAsset mean/average within 2% of 1-1 in the next month, over time though as BitAsset demand increases the mean/average will rise and if it gets above 1-1, the collateral level could be lowered with advance warning by delegates ultimately settling on the current minimum 2x collateral.

..................

That proposal requires price feeds and price fixing BitUSD creation above 1-1.

price feeds  - Yes the proposal does require/includes those. I do not totally get what they think the price feeds will get them (positive thing that is) and personally prefer the average.


'price fixing BitUSD creation above 1-1' - In my view 'No', it merely restricts new short position to prices >= 1:1...  ;)


But you suggest market rule changes every other month, and the proposal suggests elegant market based alternative.

Average is the only way to go, price feed continuously is complicated, messy and will fail eventually

35
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 04:45:29 pm »
don't waste our time releasing half baked quick fixs, just go and take a month time to fix all the bugs(GUI included) imaginable and throughly test in on testnet on all machines and OSs.

You know, I used to think like that, but here is the thing - it is all open source if you REALLY disagree with how they do stuff, fork it and make your own. :)

I don't have the time right now, I think the software designer of this project is the weak link here, should be replaced:(

36
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 04:30:23 pm »
don't waste our time releasing half baked quick fixs, just go and take a month time to fix all the bugs(GUI included) imaginable and throughly test in on testnet on all machines and OSs.

37
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 02:54:13 am »
0.4.10 is no worse nor better than 0.4.9, waiting for 0.5.0 hehe

38
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 02:50:57 am »
I think the balance fix will take at least two weeks, if ever.


On what is this time estimate based? Hopefully it won't be that long. It's really the only serious glitch left.

because I think they messed up the blochchian somehow

39
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 02:34:43 am »
I think the balance fix will take at least two weeks, if ever.

40
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 02:12:18 am »
take a wild guess, I think the programmer did not commit enough or commited the wrong detail of the transactions and short positions to the blockchain, now they have no way to reconstruct the wallet with just a private key, we will have to manually print out transactions to get our balance right and our money back:( I'll send 3i my transactions, hopefully they will sent my missing balance back.

41
General Discussion / Re: 0.4.10 Testers Wanted
« on: August 31, 2014, 01:51:45 am »
0.4.10 exe still have a lot of UNKNOWNs with messed up balance, I'm start to think the programmers are incompetent

42
General Discussion / Re: Someone was selling 38 BTC on Bter
« on: August 30, 2014, 09:27:32 pm »
38 BTC is not that much.  Could be anyone.

Was probably BM who said he made 1 M btsx profit and the order was exactly 1M sell for 50btc... its now alot less.

Nope, haven't sold.

you made 1 M profit? someone must've lost 1 M, poor dudes, it's jungle out there, my sympathies.

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agree

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I don't like playing shorts because the risk is limitless or at least your entire collateral, but that's the only way to play in the exchange if you think BTSX will go up in value, maybe we should have a options market for the BTSX longs. We may want to open a limited options market or bond market to test first, if all goes well, then open the BitUSD/BTSX market.

45
For a short position to maximize their return they should cover and re-short as often as possible. 

That's totally unture for a large short trade( like 10,000 BitUSD short in this market).

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