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Messages - bitcrab

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1351
General Discussion / WeChat group "BTS Whales"
« on: April 25, 2017, 03:50:27 am »
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.


1352
Stakeholder Proposals / Re: [Worker Proposal] Advertisement at 8btc
« on: April 23, 2017, 01:30:32 pm »
although I have set the ad link to https://bitshares.org/wallet/?r=bitcrab&source=8btc#/, I am not skilled enough to trace how much clicks are brought by the ad, and my referral numbers has no obvious increasing.

the pic of the ad has been changed several times and the last version is as shown below, we put a QQ group number inside:


before the ad, I remember there are about 1400 members in the QQ group, now the number is 1764.

many of the new members come because of the ad, surely not all,  recently the price surge of almost all the altcoins brought many new players.

I do not have exact metric to measure the effectiveness of the ad, simply speaking, it brought many new comers but do not brought a very high increasing of user numbers. to me the effectiveness is acceptable but not inspiring.


1353
Stakeholder Proposals / Re: [Witness Proposal] roelandp
« on: April 23, 2017, 12:43:12 pm »
voted.

now there are only 19 witnesses, if roelandp is voted in, another will be voted out.

how about to increase the number of witnesses to let more effective witnesses in? @xeroc  is it possible for you to vote more witnesses?

1354
I am fine to reduce the witness payment to 1.5 BTS/block.
on the other hand, I hope more witnesses can be voted as active, I don't understand why now we have much less active witnesses than before.

1355
glad to see this.

actually I don't know how bitRUB is broken, and am not aware if there is a plan to fix it.

in my view, the best way is to fix bitRUB, but if that is not so feasible, to create a new smartcoin is also ok.

as I have run private smartcoin TUSD and TCNY for sometime, I'd like to share my view on this:

1. it will be helpful to do some modification to the force settlement parameters, actually now committee is modifying that of 15 smartcoins based on what we learn from bitUSD and bitCNY. details can be found here: https://bitsharestalk.org/index.php/topic,23220.msg304424.html#msg304424

2. transfering the ownership to committee will help a lot to get trust from community.
about 1 year ago, I am not satisfactory with the parameters of bitCNY so I decided to create private smartcoin TCNY, also using multisig, however, later I found it's not easy for TCNY to get trust from the community as bitCNY did. obviously community prefer to trust committee more than a simple multisig account, as committee account is a voting result and multisig is just a group.

so finally I decided to give up TCNY and try to update bitCNY, after a lot of argument bitCNY is updated to its current status and works well.

1356
15 committee proposals created to update the forcesettlement parameters of below smartcoins:

smartcoins      proposal
EUR              1.10.1712
JPY              1.10.1714
GBP      1.10.1715
AUD      1.10.1716
CAD      1.10.1717
CHF      1.10.1718
SEK              1.10.1719
MXN      1.10.1720
NZD      1.10.1721
SGD      1.10.1722
HKD      1.10.1723
NOK      1.10.1724
KRW      1.10.1725
TRY              1.10.1726
RUB      1.10.1727

all the committee members, please approve the above 15 proposals.

memory for the steps to create such proposal:

Code: [Select]
begin_builder_transaction

return 17

add_operation_to_builder_transaction 17 [12,{"fee": {"amount":100000000, "asset_id": "1.3.0"}, "issuer": "1.2.0", "asset_to_update":"1.3.110", "new_options": { "feed_lifetime_sec": 86400,"minimum_feeds": 7,"force_settlement_delay_sec": 86400, "force_settlement_offset_percent": 100,"maximum_force_settlement_volume": 50, "short_backing_asset": "1.3.0","extensions": []}, "extensions":[]}]

propose_builder_transaction2 17 bitcrab "2017-04-27T04:00:00" 3600 true

the above 15 fiats are listed in the top20 trading volumes in FOREX, however, INR from India, BRL from Brasil, ZAR from South Africa are not created yet in Bitshares, these 3 fiats are from 3 BRICS countries and are also listed in top20.


1357
Stakeholder Proposals / Re: [Committee Member]:bitcrab
« on: April 09, 2017, 02:35:50 pm »
thanks for help from @abit and @Bhuz , now I make the owner_key of bitcrab under controll again. now I can still use account bitcrab as committee member account, no need to switch to another account.

let's see what had happened:

several weeks ago I had wrongly set the owner key of bitcrab as a multisig like this:


bitcrab is wrongly to put in to make a circular approval, and later I lost the key of trans-admin.

so the problem is, in such a condition, is there any way to controll the owner key of bitcrab?

I have thought there is no way, today @Bhuz and @abit told me it's possible, and abit did some test to ensure there is a solution.

so finally I issue a proposal to change the owner key of bitcrab  with active key of bitcrab.

and then approve it in cli, and then ask alt to approve it also in cli with account baozi, done.

so that means when owner key is a multisig of several accounts, with only active key these accounts can propose and approve to change the multisig owner key, however, seems this does not work in GUI, but work in cli.

1358
Stakeholder Proposals / Re: [Committee Member]:bitcrab
« on: April 08, 2017, 03:59:36 am »
the owner key of account bitcrab is not stolen, it's just wrongly set multisig so now there is no way to get the owner authority.
the active key is still owned by me,  no funds lost.

jerryliu is also my witness account, here is the thread that I announce the online of witness jerryliu: https://bitsharestalk.org/index.php/topic,23689.0.html

I do not use PGP in the past so I don't think now I can use it to verify my account.

1359
Stakeholder Proposals / Re: [Committee Member]:bitcrab
« on: April 07, 2017, 12:39:34 pm »
hi everyone, as I lost control to the owner_key of account bitcrab because of carelessness, I now create a new committee member with account jerryliu instead, kind change your voting accordingly, thanks.

1360
I would rather vote for cleaning up flaws in basic shorting mechanics. It is beyond my understanding why do I need additional funds, besides the collateral, to close my short position. For example, if I have 1000 BTS locked in collateral, I need additional ~500 BTS to buy the borrowed asset and close the position. This is silly. Come on, people, I already have plenty of funds at my account, and I should be able to place a settle order at my price right away. If margin call happens before my order is taken, it should be canceled automatically and margin call should be executed normal way. Flaws like this create friction and hurt liquidity.

this is another topic, your suggestion sounds reasonable, however I am not sure if it is easy to realize it.

1361
Is max force settle vol =  % of 24h volume of  USD:BTS market or sum of all  USD markets?  (USD as exmple here)
Can settle orders be canceled ? ( I quess not)

if max force settle vol =a%, then in one hour a% of the smartcoin supply can be settled, settle orders cannot be cancelled.

1362
more than 4 months passed, I feel now it's time to apply this planned change.

in the 4 months we can see that force settlement still happen now and then on bitUSD and bitCNY, however now shorters do not worry too much on being force settled, on the other hand, there's no big will from holders to do force settlement as it's not easy to make profit via this way. we can say that the 1% force settlement conpensation and the 0.5% limit bring the expected consequence on bitUSD and bitCNY.

in Japan, the new law defines Bitcoin and other virtual currency as a form of payment method,https://news.bitcoin.com/japan-bitcoin-method-payment-april-1/ I feel this create the possibility for more adoption of bitJPY.

it seems we have whales from Japan, the account tsuratsura-3557 hold nearly 200k bitUSD, maybe they can help to bootstrap bitJPY.

in Russia, people are also preparing an entry point to DEX. xanoxt[/member]/pre-anons-rudex-org-i-zavtrashnego-ibcg-blockchain-mitapa-v-moskve]https://steemit.com/ru/@xanoxt/pre-anons-rudex-org-i-zavtrashnego-ibcg-blockchain-mitapa-v-moskve

I feel we should not wait, we need immediately apply the changes to the fiats.

as there are little dispute on this proposal, I will not create workers to collect share based opinions, if any one still think they are necessary, please create them.

I will draft a post on github for public track and discuss of it and then begin to create the proposals.



 

1363
General Discussion / Re: Liquidity, Liquidity, Liquidity
« on: April 02, 2017, 05:10:06 am »
When you say you coded the bot yourself .. did you use Xeroc's  "pybitshares" as in his earlier reply to the stakemachine topic in the Technical Support & Feedback forum section ?  https://bitsharestalk.org/index.php/topic,23939.msg304085.html#msg304085

It looks like there are a few Bot discussions going on at the present time.
While starting to get in Python and liking the look of pybitshares for interfacing I am not keen to reinvent the wheel especially if its designed by someone who can do it better than a newbie :-)

Interested to know if anyone is using stakemachine currently or another bot for real trades on Bitshares or Openledger Blockchain.

Cheers John

bts bots is python and can be found here https://github.com/pch957/btsbots

hosted at btsbots.com and androidstore:https://play.google.com/store/apps/details?id=com.idnt4zyo1d95xegwtxmk0

yes, you can use btsbots if you like.
however, if you need to DIY some policy that btsbots does not provide, it's also a good choice to do some coding, anyway, xeroc's python library has made this easy. 

1364
General Discussion / Re: Bitshares price discussion
« on: March 28, 2017, 06:43:03 am »
I believe that the BTS price will not drop below 0.03CNY, for ever.
I'll keep on collecting more BTS and shorting out more smartcoins.shorter in BTS ecosystem is like miner in BTC ecosystem, they collect BTS, short out smartcoins, and try to activate the market and extend the adoption of smartcoins, within these the BTS will get higher solid price base and benefit the shorters and all the ecosystem.
I am a shorter. welcome to be a shorter.

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