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Messages - crypto4ever

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16
Coinmarketcap.com reports its price based on the highest volume markets, that includes centralized exchanges and certain coin pairings.

It appears that 69% of all Bitshares trading volume is happening with USDT and CNY, and as a result of that, the coinmarketcap.com price you see is based on that alone.

Look at this image for reference:



We need to discover what's happening with ZB.COM for USDT and with the recent problems with tether and USDT this could be causing Bitshares to freefall in price.

Please everyone speculate about this problem this and witness should re-consider their pricefeeds for ZB.COM and CNY in the short term.

Normally when you get those supposed "outages" at centralized exchanges, it is because they will allow deposits (but not withdrawals)... they use the excuse that they have a certain token under "maintenance"

The BTS DEX doesn't have this ability.  It is up to our developers and witnesses to react when there is a problem.

I think we have a problem with USDT paired with BTS and then paired again with CNY which is causing the strange prices we've been seeing.

Let's get more eyes on this....

Is over-printed USDT being funneled through BTS causing this short situation?

https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/

By the way, in the coming year I hope to become a bitshares witness. Please remember I brought this to your attention.  I'm very careful about watching the health of our chain.

crypto4ever


(By the way, notice which thread and original OP I decided to post this to) --- only one user was concerned about ZB.COM and they've been quiet ever since November 2017.


17
Everyone refers to it as the Bitshares DEX right now

Why not BTSDEX with BTS being the coretoken?

18
Under buy orders you can click "show all buy orders"... that's not a chart but might give some of the information you might be looking for..

19
Stakeholder Proposals / Re: Legal Council about BTS and No-action
« on: January 31, 2018, 09:12:13 pm »
However, I don't see the need to pay twice as much until we have an actual course of action.

The link I provided explained that, but I'll quote the important part for your reference.

Quote
The client might want to learn about alternative options to the recommendation by his or her primary attorney.

(This would include an alternative course of action)

Once you've started on a course of action, by then, it is often too late.  You can't reverse time.

I'll give an example.  One law firm may suggest applying to the SEC for their interpretation of whether or not BTS tokens are considered securities.

An opposite law firm might suggest, no don't do that.  Once you do that, you're giving them subject matter jurisdiction right from the beginning by appealing to them for their opinion.  You'd be better to wait for the SEC to make the initial contact, and that way you can defend yourself.  You can then use the fact you never even contacted the SEC because they was never any speculation or intent that the tokens were even in a grey area from the very start.  (Which will side with your mens rea -- a legal term with significance)

However you end up cheating yourself by starting a course of action without a second opinion.

Law firms have a primary principal... to generate revenue to keep their law firms doing well. Their secondary principal is to follow the first principal while still helping their clients the best they can.  The legal profession is a business like any other business.  It must always generate a profit otherwise it can't help anyone.

By realizing this as a client, you can make use of this primary principal by feeding that principal by retaining two different law firms and creating a small competition between them.  Competition will yield you higher accurate answers when both firms are in agreement. When there is  difference of opinion between 2 law firms, it gives the client the opportunity to select the best recommendation based on what each law firm comes back with.

Trusting a reputable law firm, doctor, or mechanic is good, but in the end, they are still humans who are prone to mistakes.  Having more than one opinion limits those unintentional mistakes.

Go into this with 2 law firms.  The benefits will be obvious in the long run.

I'm not going to continue to speak about this issue.  I have a friend who has recommended these things and is not part of this forum.  His suggestions feel this has said enough.  Those of you who support this should say something.

20
Stakeholder Proposals / Re: Legal Council about BTS and No-action
« on: January 30, 2018, 03:44:10 pm »
I make a suggestion that two different legal firms work on this, even if it doubles the worker proposal to $700,000

Putting all your eggs in one basket (Paul Hastings LLP) doesn't give the benefit of a second opinion.


Having two legal firms working on the same issue gains the NEW benefit that the best course of action (as determined by the foundation or BTS votes) now becomes possible once you have two different opinions.  You can have each firm review each other's recommendation and get the best answer out of the two.

Since the SEC has federal jurisdiction, I recommend each legal firm being in different states.

Competing legal firms will ultimately give their best resources and attention to the matter.  This is why massive corporations don't just have multiple lawyers around the table, but different firms as well.

https://www.hg.org/article.asp?id=36943

In the end, the legal firm with the best performance and best legal direction would yield more business from Bitshares in the future.

We get second opinions from doctors, car mechanics, etc.. It is not unheard of (and only diligent) to get second opinions from an additional law firm.

Even the Supreme Court has multiple judges for these reasons.

If you are in agreement, please voice your support.

21
General Discussion / Re: biteur not settled yet. why?
« on: January 29, 2018, 10:11:17 pm »
I didn't know that liquidity mattered. I thought that whenever someone force settles the blockchain after 24h will go and margin call the shorters with the least collaterilized position in order to give me those bts at price feed as long as there are no other orders on the order book at price feed. Apparently that is not the case..

It's to stop attacks on the network by unethical people using the settlement feature for illegitimate reasons. 

It is good the network does that.. but it would help if it gave a warning or explained something in the wallet before you approve the transaction.

22
General Discussion / Re: biteur not settled yet. why?
« on: January 29, 2018, 07:23:16 pm »
You provided no information, so others are unable to help.

He was part of the thread in 2015 that explained how forced settlement works. He just didn't know where to look for the answer.  I found it for him.

Thanks for @abit for knowing the answer. :)

23
General Discussion / Re: biteur not settled yet. why?
« on: January 29, 2018, 07:09:45 pm »
These forums contain very valuable information.  Answering your question becomes easy with some research.

You @mf-tzo said this:

after 2 years of experimenting I think the best was the first and original rule..depending on demand for bitassets the bitusd could be at a discount or a premium..period..no expiration no SQP and shinny formulas..nothing..traders would short when bitasset was at premium and people would buy bitasset when in discount forcing the peg
Merchants accepting bitusd as a form of payment would know that at some point their bitasset would worth more or less but at least there would be liquidity from traders and the risk for not beeing able to convert all their bitasset in fiat would be minimal..Now after 2 years we have no liquidity, no traders in the DEX nothing..anyway..

Which is is strange, because you didn't like SQP.  Yet you wanted SQP to complete your forced settlement transaction with shiny formulas.

When you ask the blockchain to force settle your transaction it can do that for you when all conditions are met.
1. 24 hours has passed
2. There is enough volume on the market and collateral positions to support a forced settle
3. It meets the requirements of the daily settle limit (which is a percentage of total volume)

It appears that the market for BitEUR does did not give you a 24-hour forced settle because of volume and or/collateral positions.

Which leads to a forced settlement delay.

Here's something else I saw from Xeroc (in that same message thread you posted in) back in 2015 referring to the actual code:

@roadscape did some analysis of the code:

Quote
generally all percent figures in graphene are based on this:
#define GRAPHENE_100_PERCENT 10000
so if the max_force_settlement_vol is 2,000 that would suggest 20%

also I see this:
#define GRAPHENE_DEFAULT_FORCE_SETTLEMENT_MAX_VOLUME (20* GRAPHENE_1_PERCENT)
@bytemaster

So, why did it take more than 40+ hours for your forced settlement?

1. Not enough volume
2. Someone else force-settled infront of you in that low volume
3. You must wait for the settlement delay now

All of this was previously discussed with a thread that you were involved in.  Perhaps you just forgot.  I hope this helps you understand now.

I must state: I am not a developer and I am not an expert.  All I did was some research to answer your question.

24
according to current rule, the short position is not margin called, instead, it shows a yellow price which is much higher than market price hanging on the order book, but unable to fill. I believe many people have been confused by this. I don't know what's the original intention of this rule, likely a bug..

The person margin called has 24 hours to increase their collateral by design.

docs.bitshares.org/bitshares/user/dex-short.html

Quote
By giving 24 hours shorts have an opportunity to cover prior to any price manipulation by big players.


27
Openledger / Re: open.eth problem
« on: January 09, 2018, 11:51:52 pm »
Step 1: Go to https://bitshares.openledger.info

Step 2: READ NEWS

Step 3: See problem with Ethereum which is explained here:
              https://blog.openledger.info/2018/01/07/ethereum-network-overloaded/

.....OR

You can do what caty6 decides to do....

Step 0, threaten openledger and go on twitter and smash them with a hashtag spam because of the Ethereum network being overloaded.

(Which I think is a stupid way of doing it)

How is it I could find out this information by doing a little research and no one else could?

28
Technical Support / Re: Bitshares open ledger hacked?
« on: January 08, 2018, 08:37:59 am »
I think it is a little ridiculous to claim open ledger is hacked.

What is your bitshares username so we can check it on cryptofresh?

By the way, if you ever transfer Bitcoin to a Bitcoin ATM the same thing happens. As soon as you deposit to the ATM, the funds get moved even before the confirms get done, and before you are eligible to get cash out of the ATM.

When that happened to me, I didn't ask if the Bitcoin ATM was hacked. I called the support line, and they said, "that is because we sell the deposit right away" but incase there is a Bitcoin fork or something else, we require more confirms before the machine pays you.

You on the other hand, assume right away open ledger is hacked (which is wrong), please be careful posting things like this... it is alarmist FUD material that isn't necessary.

Jumping to conclusions isn't very good for Bitshares or the community.


29
Tried to use "uptick history" and python bitshares library directly to get account history, in either case it prints maximum 1000 recent transactions (default limit is 100).

@xeroc could you comment why this library behaves like this? How are we supposed to report our profit to tax authorities?


Don't be ridiculous.  Obviously you do it more frequently, rather than wait a whole year and then go "oh! I should find out what I did all year for tax purposes".

Every cash register in the world reports daily transaction summaries, and that's the way retail business has operated for a long time.

If your trading activity is that hectic that the last 1000 transactions isn't enough and you are making more than 1000 trades in a 24 hour period, then you should write your own bot to watch your transactions for you.

Self assessing your profit/loss by summarizing your activity either daily, weekly, or monthly is something you should be doing all along.  How else can you gauge your performance properly?




30
General Discussion / Re: BitShares unplanned maintenance
« on: July 10, 2017, 02:57:25 pm »

How is this even technically possible?

Did all the miners stop mining at the same time?

Is there a bug in the code?


<3
JQ

There's data in a particular block (from what I've read) that caused this problem. It's probably a minor fix. It just takes time to understand it, create a fix, and then test it.  It's a small hiccup, and once fixed, you probably won't see this happen ever again.

The extra time they are taking to be careful they fix it right and the fix is 100% good, I like.  I don't want them to rush writing a cheap fix.   Leave them some time.

...and usually someone will write a blog post explaining what happened and how it was fixed after this is all over.


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