I plan to create a proposal to change the call order update fee (margin position update fee) from 40 BTS to 5 BTS(for LTM  from 8 BTS to 1 BTS), please let me know your opinion to this change.

Why do this change?

1. As PIAs such as BitUSD and BitCNY are getting more widely used, we need to encourage shorters to supply more PIAs.
2. Cost for updating margin position is not high.

the poll is for the whole community and will last 5 days.

BTS2.0里的理事会（committee）一直不太被重视，没什么人申请，大部分是一些witness在“临时担任”，到昨天为止有投票权的理事会成员（active committe member）只有两位。

clayop起草的proposal 1.10.13http://cryptofresh.com/p/1.10.13发起投票之后，虽然看起来也不太会通过，但至少让社区意识到了投票的力量，现在开始有了更多的人谋求加入committee，今天已经有了5位active committee member.

我觉得中国社区应该有2-3位active committee member，所以，如果你觉得自己在中国社区有足够的认同度，对国际社区不陌生，英文过关并且有替大家说话的意愿，那么也请马上申请committe member吧。

申请过程不复杂，到命令行工具里操作一下，然后到论坛committe板块https://bitsharestalk.org/index.php/board,102.0.html 发个帖，阐述一下自己态度，广而告之让大家投你票就可以开始了。

关于proposal 1.10.13的一些情况：

昨天我和clayop与社区讨论了很多，总的来讲我们也觉得一下子让transfer fee从40BTS降到9BTS可能的确会对openledger等商家打击很大，甚至会导致社区的分裂，所以我们不再坚持一定让这个proposal通过，另外我们觉得现在的理事会还没有充分的代表性，所以选择首先建好理事会再来搞这些议事和投票。

transwiser is now integrated at the dacplay webwallet,below is the UI:

in deposit pop window, user can click the link or scan the QR to the webpage in weidian.com to buy BitCNY,  the page is in chinese, and you can pay when you have an alipay account or a CNY bank account.



withdraw is a little easier, but you also need an alipay account, input the withdraw amount and your alipay account and click "withdraw", your BitCNY will be sent accordingly and you will receive CNY in your alipay account.



thanks for boombastic to develop this, he will submit the pull request later, hope everyone enjoy this.

I don't know whether now I am the one that collated most BTS. but  anyway I am sensitive to the feed price, as this is the key factor that trigger margin call.



we always say that the price feed should be "accurate", not "fair", as it's not easy to define "fair",  however, it seems we also need to check what "accurate" really mean.

take the BTS/CNY price as an example, when I write the price in yunbi is 0.0229CNY/BTS, in polo it is 0.00000886BTC/BTS and the settlement price is 0.0213CNY/BTS.

here the problem is that polo give a BTS/BTC price, so witness need to convert this price to BTS/CNY, I haven't check the script, but I believe many witnesses adopt the  conversion path BTS/BTC->BTS/USD->BTS/CNY.

here the key point is what a USD/CNY rate should be adopted in the last step, I believe now many witnesses adopt the China official rate, about 6.35 , but when BTC is involved, this rate does not reflect the real market status.with such a rate when I write this post the BTC price is $382 in Coinbase but $401 in OKCoin.

the below USD/CNY rate is close to the fact in cryptocurrency world recently:



so now let's come back to the question, in the CNY/BTS feed price example, what does "accurate" really mean? how to calcuate an "accurate" price?

in my view "accurate" means the feed price can be a good reference to the traders. so for a CNY/BTS trader, because of what explained above, the BTS/BTC->BTS/USD->BTS/CNY path does not generate an "accurate" price, a BTS/BTC->BTS/CNY path should be adoped instead, and the BTC/CNY rate should be got from the exchange inside China.

hope this problem can be putted on more attention and according action can be taken.


 


 

transwiser.com currently act as a gateway that bridge Bitshares and CNY, to speed the deposit, we run a store in weidian.com.

as below shows, when user find the goods(http://weidian.com/item.html?itemID=1481299997), place an order with inputting the quantity, destination account and memo(if necessary), then can pay CNY via alipay or bank card, buying BitCNY has no transaction fee, and the price normally is 1:1 but sometime may be adjusted +-0.5%.



BitCNY will be sent in 1 min after the payment is finished.




in 2 months from 15th,Aug,transwiser sold out 586900 BitCNY.



for withdraw, you can sent BitCNY to bts account bts-bta.transwiser, and leave your alipay account in the memo, then CNY will be sent to your alipay account in several hours. withdraw charge 0.3% 



one question is that how can I run this business? from where do I get BitCNY? the answer is that I buy BitCNY from BTC38, as they accepte BitCNY as CNY deposit.

now this business is temporarily stopped, we are updating the program to fit 2.0, and waiting for BTC38 and yunbi to reopen their BTS relevant deposit/withdraw.

I hope transwiser can be listed in the Bitshares wallet Deposit/Withdraw page, then users will get more convenience.

is it possible?

原文地址：https://bitsharestalk.org/index.php/topic,19390.0.html

步骤一：从Bitshares 2 创世文件创建bloom 过滤文件
1.创建一个新的文件夹把下面要下载的文件都放进去
2.下载github: https://raw.githubusercontent.com/bitshares/bitshares-2/bitshares/genesis.json
3.下载https://raw.githubusercontent.com/bitshares/bitshares-2/bitshares/programs/genesis_util/create_bloom_filter.py
4.在该文件夹中执行 python create_bloom_filter.py -i ./genesis.json --o bloom.dat

步骤二：过滤旧的钱包导出文件wallet.json
1.执行“git clone https://github.com/cryptonomex/graphene-ui.git”
2.新开个窗口，进入刚新建的仓库文件夹“cd graphene-ui/dl/”并安装依赖项"npm install"
3.把上步骤生成的bloom.dat 以及旧的钱包文件wallet.json拷贝到“graphene-ui/dl/programs”
4.执行“cat OLD_WALLET_NAME.json | node ./bloom_filter_wallet.js > NEW_WALLET_NAME.json”，用你实际的旧钱包文件名和要生成的新钱包文件名替换前后两个文件名。

若生成顺利，则会生成小得多的新的json钱包文件，可顺利导入2.0
以上步骤是针对LINUX环境，若是在windows环境下使用，则需将最后一步的“cat” 换成“type”。
无论LINUX还是WINDOWS，都需要事先安装好git, python 等工具。
我在ubuntu 15.04下使用未获成功，但在win7下成功了。

present my opinion at first:

1. the fee should be high enough to protect users from spamming blockchain.
2. the fee should be low enough to encourage users to transfer/trade without too much worry.
3. the referral program is ok, however the fee rate should be determined based on more research and consideration.
4. $0.005~$0.04 for each transfer should fit.

the referral program is built to balance CAC and LTV for a well formed business model, this is really interesting idea however more details need to be checked exactly while implementing it.

the LTV comes from the fees the new users pay, it depend on the transactions the users complete and the fee for each transaction. below diagram shows clearly that not high fee rate, but medium fee rate bring the highest LTV.


so is $0.2 for each transfer high or low? to get a conclusion need some research, however now what we can see is the very low transaction volume, users are discouraged to transfer,clearly.



we need to let the users enjoy to transfer/trade, if users hate to transfer/trade there's no way to build a well formed ecosystem, and nowhere to generate profit.

I found below sentences in Bitshares blog, seems it explains the logic behind the high fee policy:

"While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal."

if low fee means undervaluing the service provided, then I do not agree the logic presented above, apparently BTS is awesome and referral program is ok, but as shown above, high fee not necessarily bring high revenues, PayPal charge high however Alipay are free but they both provide high value service, users from China, North America hate high fee and I think US users do not hate low fee,in Internet service area it's trend to charge low in fundamental service but charge high in advanced service, and create new ways convert traffic to revenue.

recently, many show their happiness for the reduction in BTS supply, however I fall in different feelings, these days in BTS relevant QQ groups the most frequently sent expression is "hug together and cry", many users show their disappointment and confusion, very rare transfer occured after the launch of 2.0,  I think not only users in China, but also users around the world, including US users feel alike, otherwise the very low transaction volume can not be explained.

all these factors should be considered, and research need to be done to find the right fee rate to make a balance. in my opinion $0.2 is too high, $0.005~$0.03 is more reasonable, medium and acceptable, and seems to generate the highest revenues, hope more data can be collected to suggest.