in 20th Jan 2018  there will be a meetup called "Graphene preDEVCON" in Shanghai, we invite some developers/entrepreneur to share their Graphene relevant projects, some possible topics are:

1.YOYOW's roadmap
2.ChenWei: A Graphene based IoT system.
3. MagicWallet's mission.
4.Introduction to DECENT
5.GXS, a data trading network
6.Harvey: oracle chain and EOS
7.GDEX
......

we called it "preDEVCON" as we regard it also as preparation to a real "DEVCON",  up to now some friends from abroad are also interested in this meetup, surely everyone is welcome however we begin to plan the real international "Graphene DEVCON".

firstly we need to decide the date for the DEVCON, it will be in March or April, now we need to collect more info to decide the exact date.

definitely we hope BM can come to Shanghai and share his ideas, so at first we need to check with him whether he would like to come and what period is ok for him.

any suggestions on this DEVCON, please reply here, your input is important for us.

After long time preparing, now GDEX is launching.

at first GDEX only list BTC, in recent future we will list ETH, NEO, QTUM, BCH, IOTA…etc.

Now users can only access GDEX through gdex.io, hope soon it can be integrated in the reference wallet.

GDEX is operated by OBSIDIAN TECHNOLOGY CO. PTE. LTD.  a company incorporated under the laws of Singapore Republic, the support team work in the office in Shanghai, China. 

GDEX focus on introducing high liquidities of main cryptocurrencies into DEX, we will pay much effort on market making, our goal is to make everyone in the world can trade in DEX with same or even better user experience than the best central exchange.

come on and enjoy!

firstly let's review what happened in the passed several days:

poloniex, the exchange with highest BTS trading volume,  has some issue and stopped processing BTS withdrawl.

BTC/BCH war lead to big fluctuation of BTC price and also the blockchain traffic jam.

thanks to China goverment, now people from China feel trouble to buy cryptocurrencies by CNY.

all these lead to a big gap between the BTS price in bitCNY and the settlement price, and this lead to endless settle orders, speculators come and exploit shorters.

Settlements purpose is to provide a last resort guarenteed exit.  In a healthy market it is not needed. 

settlers need to pay for this convenience while forcing this inconvenience on to the shorters. this is the settlement compensation ratio, and now it is set to 1% for almost all the smartcoins.

now bitCNY ecosystem has developed to an extent, which makes settlement of little sense, there's no scenario that bitCNY holders need to submit settlement to claim the value of bitCNY. on the other side, when sometimes the market is in inefficient or disrupt status, the settlement provide the opportunity for speculators to exploit the shorters and also hurt the ecosystem. this is not we want from settlement.

bitCNY is in shortage, these 2 days because of the settlement exploit it is in more serious shortage, however, now exchanges such as aex.com and xbricks.io are beginning to open bitCNY market, we can expect that the demand for bitCNY will rise rapidly to above 1 billion level. to meet this demand we definitely need to prevent the shorters from being hurt unfairly and avoid the happening of settlement exploition.

surely price feeding is a key factor  and should be improved, but in such a fragile market, feed disparity is bound to happen. we cannot expect the price feeding always be adapted in time to fit the latest market status.

what I suggest to solve this problem is to raise the settlement compensation offset to 5%, only for bitCNY, leave other smartcoins unchanged.

as now settlement contribute little to a healthy bitCNY economy, raise the offset to 5% do not hurt the peg of bitCNY and will encourage shorters to provide more bitCNY to meet the demand.

I plan to create such a committee proposal soon as the settlement exploition is still on going and no one knows when it can come to an end.

any ideas, please discuss here.










 

aex is the updated version of btc38, they now plan to open markets of bitCNY, bitUSD, bitJPY, bitKRW...

Because magicwallet now already provide an easy and flexible way for users and currency dealers to handle the bitCNY deposit/withdrawl business, transwiser will stop the deposit/withdrawl service of bitCNY.

Transwiser page will be removed from BTS wallet.

From today the goods "100bitCNY" will be unlisted from the transwiser taobao shop.

bitCNY withdrawl service will last until 2017/10/1 0:00 UTC+8, after that all the bitCNY that send to account transwiser-wallet will be sent back to the from account.

I greatly recommend all the users to use magic wallet to handle bitCNY deposit/withdrawl business and enjoy the flexibility and efficiency brought by the mobile client.

Android users can download the App from:
https://www.magicw.net/releases/magicwallet.apk

iOS version will launch soon, now iOS users can use the web version instead:
https://m.magicw.net/

magicwallet team are developing the general APIs for currency dealer service that can be integrated in all kinds of BTS wallets, kindly wait.



由于鼓鼓钱包的出现为用户和承兑商提供了一种更便捷和灵活的处理承兑业务的方式，transwiser将停止提供bitCNY的充值和提现服务。

transwiser页面将从BTS钱包中删去。

即日起相应淘宝店中的bitCNY商品下架。在淘宝店已经下了订单未收到发货的请联系客服退款。

提现业务将延续至北京时间2017年10月1日0:00，之后账户transwiser-wallet收到的bitCNY将全部返还原发出账户。

建议大家之后使用鼓鼓钱包来处理充值和提现，享受移动端钱包带来的快速，灵活和便捷。

Android用户可戳下面链接下载：
https://www.magicw.net/releases/magicwallet.apk

iOS版将尽快发布，iOS用户目前请使用网页版：
https://m.magicw.net/

鼓鼓钱包团队正在开发承兑商服务的通用API， 将来所有BTS钱包都可以方便地集成承兑商服务。

committee is scheduling to reduce the witness payment from 3BTS/block to 1BTS/block. it will happen soon.

details can be found here: https://github.com/BitShares-Committee/proposals/blob/master/170518_Witness_Payment_Adjustment.md

some relevant discussion can be found here: https://bitsharestalk.org/index.php/topic,24104.msg306298/topicseen.html#msg306298

in order to get better communication among big BTS shareholders, we now create a wechat group "BTS Whales".

only accounts with more than 10M BTS(collaterals included) are allowed to join this group, if you are qualified and want to join, please send 1 BTS to BTS account bitcrab for verification, with leaving your wechat account in the memo, I will invite you after verification, thanks!

now there are 6 members inside, they are all Chinese, welcome more whales from all around the world to join, I believe we can discuss a lot of senseful things here.

below pics shows the BTC price in China offsite market and poloniex at the same time.





in China the price is about 8593 CNY/BTC, in polo the price is about 1190

8593/1190 = 7.22

the goverment announced USD/CNY rate is about 6.92, however the real market rate today is about 7.15, even so there space for arbitrage trading.

I hope we can build a channel to the fiat USD world with the help of bitUSD and USDT, suppose that let non-USD world always provide more than 2000 bitUSD offer to buy USDT at 0.98-1 bitUSD, and USD world always offer more than 2000 USDT to sell at 1-1.02 bitUSD.

I can play the role to offer bitUSD, anyone would like to play the role to offer USDT?