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Messages - Markus

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61
General Discussion / Re: Top Priorities for BitShares RIGHT NOW? (Part 2, consolidating the list)
« on: December 29, 2014, 10:48:52 am »
3)
15)
1)

… in that order. Everything else depends on those.

62
General Discussion / Re: Allow market/limit orders by having DEX execution require 2 confirmations?
« on: December 29, 2014, 07:55:55 am »
Do we really need market order functionality for two linked trades?

How about:
1) The client searches all open limit orders (like the ripple path-finder) and determines the best combination of orders to move from Asset1 -> BitUSD -> Asset2.
2) The client then files a fill-or-kill order combination (one or more limit order(s) Asset1 -> BitUSD plus one or more limit order(s) BitUSD -> Asset2).

This order combination could only be executed in total or not at all and would have a fairly short expiry (maybe one minute) so that it could be altered and reposted if unsuccessful.

63
General Discussion / Re: Remove "Bit"
« on: December 22, 2014, 10:59:40 am »
Yes but then USD on bter is also not real USD but just bterUSD. Shouldn't that be trading at a discount as well? It is just as illiquid as bterbitUSD.

So if both bterbitUSD and bterUSD are discounted shouldn't the ratio be 1:1 again?

In any case, it's pointless :)




64
General Discussion / Re: Vitalik on stable currencies and POS
« on: December 22, 2014, 10:00:28 am »
Quote from: Shentist on December 22, 2014, 06:53:09 am
sounds like Nubits.

in this case, i like our approach more.

with the difference that Nubits are not bought back/destroyed when in oversupply. They are just hidden :)

65
General Discussion / Re: Remove "Bit"
« on: December 22, 2014, 09:57:20 am »
Quote from: BitAsset on December 22, 2014, 08:37:30 am
Quote from: jabbajabba on December 22, 2014, 08:36:10 am
Imagine an exchnage pairing USD with USD.
"Just send us your USD and you can trade it with USD"  :D

No need to trade USD/BitUSD

Just 1:1

BitUSD is like an altcoin to USD, it's pointless

If it's 1:1 how come it's trading between 0.91 and 0.99 here:
https://bter.com/trade/BITUSD_USD

66
General Discussion / Re: BitUSD & rouble exchange, Crackix.com will be live soon
« on: December 22, 2014, 08:42:21 am »
With one of the next updates cross-currency trading in BitShares will be enabled.

This way you can offer exchanging BitRUB <-> rouble with a much tighter spread and don't have to worry about volatility.
In addition to this you can bolster the internal BitUSD/BitRUB market with your liquidity.

67
General Discussion / Re: Remove "Bit"
« on: December 22, 2014, 08:33:31 am »
You gonna change your name too?

68
General Discussion / Re: What is BitShares?
« on: December 19, 2014, 07:57:57 am »
Great post, I especially like this one:

Dollar denominated debt collateralized by BTS.

It's the most concise explanation of BitUSD I've come across.

69
General Discussion / Re: are bitAssets 2x or 3x backed by BTS?
« on: December 19, 2014, 07:24:55 am »
The threshold for forced cover is 150% (or 66.67% inverse).

As you mentioned you start with 300%. Margin call is executed when collateral value drops to 150% of shorted asset, i.e. 50% of the original value.

You're right about the 30 day expiration: No 5% penalty.

70
General Discussion / Re: Will it become reality?
« on: December 18, 2014, 07:50:34 am »
It seems to be making its way towards 250$ if that's what you mean :)

71
Stakeholder Proposals / Re: Disappointment and Hope - Delegates, Unite!
« on: December 17, 2014, 10:03:50 am »
Allowing collateral to vote would increase my weight quite a bit :)
I heard it's going to be included soon.

72
General Discussion / Re: Let's activate the last BitFiat market
« on: December 16, 2014, 07:55:34 am »
Quote from: donkeypong on December 15, 2014, 07:01:51 pm
... If you subtract some countries that are basically just selling off their resources, ...

In spite of this I would like to keep BitAUD :)

73
General Discussion / Re: FYI: relative asks/bids available in the CLI
« on: December 16, 2014, 07:49:50 am »
Is this not active in the current version or am I using it the wrong way?

I type this:
wallet_market_submit_relative_bid myaccountname "1" BTS "0.99" USD

and get a few pages of error messages starting with this:

Code: [Select]
10 assert_exception: Assert Exception
eval_state._current_state->get_head_block_num() >= BTS_V0_4_27_FORK_BLOCK_NUM:
{}

74
General Discussion / Re: In light of recent events, can we have an audit of the official marketing team?
« on: December 16, 2014, 07:19:36 am »
With the network outage today I am actually quite happy that the marketing push has not happened yet.

Get 1.0 first - and get it soon.

75
General Discussion / Re: Let's activate the last BitFiat market
« on: December 15, 2014, 07:28:47 am »
Quote from: sumantso on December 15, 2014, 07:08:14 am
Is KRW widely used? USD, EUR, CNY makes sense - but KRW?

I believe people in Korea use it every day, and there are millions of them :)

When a market freezes you can still buy or sell, only shorting becomes impossible. I'm not suggesting that's an excuse to drop feeds once they're up.

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