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Messages - bitcrab

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151
Support!

Better to also publish an English version.

152
General Discussion / Info about scamcoins?
« on: April 29, 2020, 02:35:24 am »
recently it is frequently reported that some cheaters ask the fooled to deposit BTC in GDEX and then buy the scam token with GDEX.BTC.

seems mainly happened in Russia?

GDEX are considering to take measures like whitelist for this to protect the interest of BTS users.

however we have little info about the scamcoins, hope the community can provide relevant info.

153
we have 4 popular MPA tokens
let the different settings show us what works best

not bad.

maybe we can just let bitEUR be what it was.

lower USD threshold to as equal as CNY threshold(close to 0.0307USD) while BTS price is stably above 0.0345USD.


154
Thanks for your idea @kenCode.

in my view it still make sense to make a gateway independent on one single entity, automatic and secure enough.

maybe IBC is the final cross-chain solution, the bytom OFMF is just some basic version "automatic multisig gateway", however it already make big sense, it had enabled many big wallets(include imToken, Cobo, etc.) to connect with Bytom, the network effect is great.




155
General Discussion / Re: Market making contest (main thread)
« on: April 28, 2020, 03:02:27 am »
USDT / bitasset markets
Code: [Select]
--seller-------------------------reward(BTS)-
1.2.1599329                          56.69998
1.2.1700383                           1.71713
Code: [Select]
--buyer--------------------------reward(BTS)-
1.2.1599329                          82.87065
1.2.1150126                          42.68992
1.2.1700686                          21.39058
1.2.1700383                          21.31491

it's time to mine at bitEUR/GDEX.USDT.
limited risk and stable reward. like borrowing bitEUR and putting there to get interests.

156
possible to build decentralized gateway in BTS like in BYTOM MOV?



more detail can be found in https://cdn.bytom.io/res/MOV_WhitePaper_En.pdf

157
Reward data for 2020-04-24

(data generated with Ruby 2.6.5p114 (2019-10-01 revision 67812), script revision 6486918)

Total 7673.44788 BTS

BTC / bitasset markets
Code: [Select]
--seller-------------------------reward(BTS)-
1.2.1610646                           6.96942
1.2.1214711                           0.01880
Code: [Select]
--buyer--------------------------reward(BTS)-
1.2.1610646                          33.58069
1.2.1209453                          29.89737
1.2.1214711                           0.02039

USDT / bitasset markets
Code: [Select]
--seller-------------------------reward(BTS)-
1.2.1599329                           1.16591
Code: [Select]
--buyer--------------------------reward(BTS)-
1.2.1700383                           5.80994
1.2.1599329                           2.89188

ETH / bitasset markets
Code: [Select]
--seller-------------------------reward(BTS)-
Code: [Select]
--buyer--------------------------reward(BTS)-

EOS / bitasset markets
Code: [Select]
--seller-------------------------reward(BTS)-
1.2.1610085                           9.25363
Code: [Select]
--buyer--------------------------reward(BTS)-
1.2.1610085                        1883.47051
1.2.973383                            0.56082

bitEUR/主流币交易对挖矿慢慢开始启动,可以关注。

158
General Discussion / Re: Does it make sense to cultivate bitEUR?
« on: April 26, 2020, 01:07:01 am »
I am buying bitEUR with BTS(aaaa-bb), BTC(edge-killer1), USDT(aaaa-bb), EOS(edge-killer), welcome everyone that need to get other assets with bitEUR!

159
General Discussion / Re: Does it make sense to cultivate bitEUR?
« on: April 25, 2020, 10:06:55 am »
now the bitEUR supply is over 70K.

160
General Discussion / Re: Market making contest (main thread)
« on: April 24, 2020, 06:29:13 am »
it's time to do MM with borrowed bitEUR and BTC/ETH/USDT/EOS.

161
从最新的大赛奖励报告看:https://bitsharestalk.org/index.php?topic=31515.msg341996;topicseen#msg341996

主流币和BTS交易对深度都比大赛前有明显进步。

主流币/bitAssets交易对,除EOS/bitEUR有些起色外,其余都不太行。

重贴一下大赛的个交易对的最大日收益期望值:

BTS/主流币交易对:假设一整天挂1%以内的买单保持不变,且未触及奖励上限,则日收益率为 (7500*0.7*0.53/1000000)= 0.278%
挂卖单同样情况则收益率为(7500*0.3*0.53/1000000)= 0.12%

主流币/bitAsset各交易对的收益与价格相关:

BTC/bitAsset:最大期望日收益率为 7500*0.5*0.53*(BTS的BTC价格)/2, 取今日价格0.00000238,则为 0.236%
ETH/bitAsset:最大期望日收益率为 7500*0.5*0.53*(BTS的ETH价格)/100, 取今日价格0.00009214,则为 0.183%
EOS/bitAsset:最大期望日收益率为 7500*0.5*0.53*(BTS的EOS价格)/5000, 取今日价格0.00648,则为 0.258%

USDT/bitAsset:最大期望日收益率为 7500*0.5*0.53*(BTS的USDT价格)/25000, 取今日价格0.017,则为 0.135%

目前bitCNY和bitUSD都还处于锁定喂价贬值状态,bitEUR比较适合挂单挖矿。

162
Now this is the tricky part: Stablecoin as represents peg/equivalent to its fiat brother (in terms of legal definitions around globe) and is backed by collateral (in our case BTS on-chain); -> To maintain legal around currency with no owner (apart from current committee members), we have to:

a) restore the PEG before me and Stefan make sure CMC is getting back listed
or
b) Exclude both bitCNY and bitUSD from CMC.

Even CMC Phase 2 demands legal paperwork and has plenty of requirement where with current parameters of those 2 stablecoins we are eligible as fraudcoin. Not saying we are fraud/scam - but reason to prevent "short-attack" from currency that doesn't even report currently its volume is a bit off.

Please reconsider future and reputation of entire blockchain. We still don't have:

1) basic development and legal (apart from what Move does in it's own limits)
2) new dapps/service to offer
3) new committee-account issued replacements for bitUSD and bitCNY

but we do have:

1) empty dex
2) empty gateways (no businesses around)
3) broken smartcoins that nobody new will use

We need some agreement and solution fast, now it's been 9 months and its not "temporary" anymore.

Chee®s

BSIP76 and BAIP2 are experiments to resist shorting attack/death spiral, and it works.

I agree to remove BSIP76 while some conditions is met, the first step will be that lowering USD price threshold to as equal as CNY threshold (about 0.0307USD?)

the best chance to do this step is while BTS price go above 0.0345USD.

maybe it will be good to firstly see what will happen after the launch of BTS4.0.

and a voting is needed to approve this change.

I don't think we just need to follow the requests from CMC to restore the peg of bitCNY and bitUSD, more factors need to be considered to reach community consensus.

we can take bitEUR as the main stablecoin in BTS community currently.

163
You care now because somebody invested 5.000.000 collateral who sucked of other peoples debt kicking out many debt holders from biteur and is now the lowest CR on biteur and who has a clear relationship with you.


Taking other peoples debt and kicking them out of debt is not bringing any supply.

You want more supply for biteur.No problem sell your BTS and you will see how quickly it will get eaten.
But instead you take over the debt positions for pure self benefit and nothing more bringing nothing to biteur.
The only think you do is reducing the amount of debt holders getting biteur debt more centralized.

That's all you can do

aaaa-bb is my account.
I sell GDEX.EOS, GDEX.USDT, and also BTS for bitEUR.
however this is trading, not charity, every trader trades to make benefits.
what have you done?
I am not interested in doing force settlement with bitEUR, it's easy to understand that the bigger your debt position is, the more difficult for you to avoid being force settled.

164
Why did you open your company in Singapore which is a global financial hub ,crypto friendly and regulated country and vote at the same time to have legal representative for westerns in Slovenia which is the opposite?

Is this not a legit question on your voting and support behavior?
Why don't you once in your life ask western members what they want when you decide to vote on matters which mainly effects them or at least apply the same standards you used for your own company and chinese community.


Remember your feed bsip which should be only applied to bitcny based on consenus and was later added to bitusd by you with no consent making western mad ?

Seems you want to dictate them your point of view instead letting them go the route the western community wants to go.

I voted ZAVOD as I have discussed a lot with DL, I feel the proposal is feasible, and it cost less.

After BSIP76 has been applied to bitCNY and make sure feed price above 0.22CNY, China community find it also necessary to apply it in bitUSD, to resist shorting attack/death spiral, setting USD threshold as 0.0345USD as at that moment the great amount of accumulated margin call orders is at price 0.0345USD, setting threshold as this will make release the margin call orders.

In my mind, the fact is not that bitCNY belong to China community, bitUSD belong to US community, bitEUR belong to Europe community, they all belong to the whole world, bitCNY has the biggest supply, then bitUSD, then bitEUR, bitUSD status also has big impact on BTS ecosystem/BTS price, that's why China community want to make some change on bitUSD but care less on bitEUR.


165
My reading is that the request by DL is that we transition to non-faked price feeds on bitUSD.

I support this - Abit has flagged up the primary challenge. It could be done via a phased transition to real price feed over a period of X weeks?

That would give time for big debt holders to shift their positions over and also maybe create some volatility / speculation opportunities in the market if people expect some improvement in price during the period.

Correct - I'm definitely not insane and definitely its not language barrier problem, thanks.

Yeah, idea is
step 1) that Chinese have X amount of weeks to move/close their positions to CNY under the current fixed feeds.
step 2) we restore original feeds and settings on bitUSD and recreate normal positions/markets

Chee®s

actually it's not so simple.

if it is decided to remove BSIP76 from bitUSD, everyone will expect that bitUSD will peg again and will cancel the BTS buying order by bitUSD, then the debt position owners will be not able to close their positions.

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