Quote from: inarizushi on March 23, 2015, 04:43:57 pm

Quote from: fuzzy on March 23, 2015, 04:34:20 pm

It makes sense that people get frustrated.  What we are doing is so friggin HUGE.  Doing HUGE things is not simple.  That means that having patience is even more difficult.  I feel for you inarizushi, but take a deep breath

I panic bought bitAssets at 0.8 cents and I'm out of most of my shorts, I end up with not much losses in BTS count, but some others deserve much empathy right now : https://bitsharestalk.org/index.php?topic=15154.0. Some people are losing some serious money.
I don't know if the problem could have been handled differently, but at least the devs could have some presence here. The people who are losing money because of bugs have every reasons to be furious.

Vikram replied your post , and had a fix on github waiting for test .

Yes, he did, and it's great that someone is working fixing it. Maybe the recent dump is not due to the bug, I hope you're right.
But, as far as my understanding goes, as long as the market is broken in this way, we're headed to a black swan disaster (shorters are ready to buy back 10% higher to avoid losses : how could the BTS price go up ?).
I thought it was urgent, and the price drop makes me feel it was indeed. If the price drops are due to something else meaningless, then I'm very happy, but I'm not convinced.

If the pegs break, this "cheapness" is brought to you by your faithful shorters, who lose most of their money. Thank them while they are still there.

The market is broken, and nobody even mention it ? That's what's happening : https://bitsharestalk.org/index.php?topic=15089.0. It's IMPOSSIBLE to short, therefore the BTS cannot do anything else than falling. The peg cannot hold. Why is the broken market still running ? It's so infuriating. All shorters are at huge risks.

Quote from: inarizushi on March 21, 2015, 02:33:28 pm

So... nobody seems to really care. Crazy.

I mean it is a serious bug, but I think "absolute emergency" is an over-exaggeration. The worst case with this bug is that shorts are suspended and anyone who already has a short position is unable to roll over their shorts. So it sucks if you are forced to exit your short position (either by buying BitUSD to cover or by others buying up your expired cover order at the price feed) when you did not intend to, but as far as money-related bugs go this is fairly tame IMO. It isn't as bad as the previous transaction malleability bug that would allow someone to nearly empty out your balance if you transferred a small fraction of your balance to them.

"Nobody can short." How is that not an absolute emergency ? If nobody took advantage of the bug until now, that's fine, but now, it's over. Nobody can short. When shorters will have to cover, they will have to buy at the price someone is willing to sell, or lose the 10%. I don't understand how the market peg can hold.

So... nobody seems to really care. Crazy.

Quote from: Ander on March 19, 2015, 09:32:31 pm

Selling 3M BTS at btc38 would take us down 6%.  Buying 3M shares would take us up 20%.

The is the first time in quite a while that the bid/ask has been bullish.  There were more asks than bids for quite a while there.  More evidence that we have finally found a support level.  (Of course, it needs to continue to hold!)

Well now buying 3 million shares would only take us up to 0.053. Not sure where all that sell pressure suddenly came from. Maybe the same guy with millions in buy orders around 0.048-0.049? Superwhale? lol

Right now, it's impossible to short, because only the shorts with the highest interest rates in the whole list, regardless of the price limit, can be matched.. what an incredible bad timing for a bug

As reported here : https://bitsharestalk.org/index.php?topic=15020.msg194798#msg194798, there are some orders that should match that do not.

It appears that shorts cannot be bought unless they have the highest interest rate in the whole short list. No matter the price limit of the short with the highest interest rate. Someone put a 50% interest rate short order on bitBTC at 60000 BTS/bitBTC, and it seems to be impossible to short BTS for a lower interest rate.

I have done only two tests, but I have been unable to buy my own shorts.

This is an absolute emergency.

Problem solved by release 0.8.0, (23rd march)

Quote from: inarizushi on February 26, 2015, 10:21:24 pm

BM really seemed to enjoy the hangouts and sharing his thoughts on the forum. Could that new "communication strategy" really come from him, or are we really facing a Chinese whale threatening to dump and kill BitShares price if open communication continues ? This sucks on so many levels, but the worst part is that openness and freedom is what we're supposed to stand for.

This has nothing to do with some Chinese whale . In fact , many Chinese are not whales comparing to the truck load of AGS fund .
I'll attend to the meeting to help clear thing up , to share some thoughts on this .

In fact this is about everyone in this community to play a different role in the system , to take action to support BM and not just by words , to take action to become the voice of this community instead of putting the whole pressure on one single guy . We need guys like Fuzzy to unite the community , we need guys like Xeroc to help provide technical aspect to the public , we need guys from Nullstreet to help marketing and PR , we need guys like Gentso to help business development . 

We need to support BM by building a stronger eco-system , not just some fans waiting for his thoughts on subjects . We need to become the thoughts ourselves , so that one day no one would criticize BM for saying something wrong , because by then we'll already have a stronger , united , and capable community that can stand much stronger storm .

This is what BitShares really stands for . Everyone to do their part , we're not the little guys from the community waiting for the big guys like BM to give us guidance . We're the big guys , as big as BM ,even with small stakes that we have in the system . Someday our roles , are even bigger than BM .

Is anyone objecting me to attend ?

That's well spoken, but it doesn't explain why BM would change his communication strategy. He could have at least explained this change himself. James already failed big time as a spokeperson (at least for the western shareholders).
Moreover, statements made by cn-members are completely coherent with the Chinese whale theory.

Anyway, if the current situation is due to how the dev team is now paid, then so be it, it's a great thing if development has a new source of funding. But I'll definitively miss the openness. That's where MY confidence came from, and made me HODL all this time, losing almost half my investment (I'm one of these stupid guys who bought in at 2 cents). I do understand that Chinese investors are upset about how the project has been managed. Toast was just right : we should have implemented a way of stake-voting for proposals for a long time.