Personally I prefer the buyback and burn, since 100% of the profits are used as buying power on the Obits token.  Also it's less of an issue in regards to taxes, since dividends are typically taxed.

Plus there are several inactive accounts that received OBITS after registration so part of these dividends would be effectively burned.

Gold and Silver is good
but bitBTC should remove from the list.
we'll have big trouble when BTC fork to two coin just like ETC/ETH

  I would omit bitBTC for now because I'm still not sure about its value proposition... I understand why would somebody short it into existence but what would be the reason to buy it? plus the non-zero probability of fork

Quote from: nmywn on May 13, 2017, 01:42:42 pm

BTW Just noticed that escrow account has set its own proxy which perhaps shouldn't be: that BTS doesn't belong to them.

That's true ... but stake that doesn't vote is bad stake ..

So should exchanges start voting as well?

Quote from: mf-tzo on April 24, 2017, 07:57:07 pm

why everytime bts is doing fine then people start proposing to change something? bts is constantly increasing in value..apparently the market says clearly not to change anything..let it be..that is my opinion anyway..

I share your concern too. But this is short term thinking. Should we ignore the facts in exchange for short term gain? Eventually current issues could strike us in the future. I think we should discus all issues openly, eventually we could agree to change something that will bring benefit for all.

I agree that it's a short term thinking. BitShares is doing well at the moment because majority of altcoins are doing well. I would rather use http://cryptofresh.com/reserve as our guideline... the value of any business is increasing if it makes more money than it spends. In long term, profitability of a business will translate into high share price or into dividend.

Quote from: paliboy on April 21, 2017, 07:11:37 am

Let's say that I borrowed 10 bitUSD @ 100 BTS with 2000 BTS collateral and then sold it for 10x100 BTS.

• I buy 5 bitUSD @ 84 BTS in market, half of the debt could be automatically settled - do we want to do it? How would it adjust the collateral? Proportionately or should it keed some platform-defined/user-defined collateral ratio?

If you were 10 bitUSD short and you bought back 5 bitUSD, you owe only 5 bitUSD. You want it or not does not matter, your debt is 5 bitUSD, that's the fact.

Yes, technically my debt would be 5 bitUSD but if I understand it correctly, it works differently right now. My account would have 5 bitUSD and 10 bitUSD debt, in the case of margin call, whole 10 bitUSD would be settled and I would still have my 5 bitUSD in my account, wouldn't I?

Quote from: paliboy on April 21, 2017, 07:11:37 am

• I want to settle half of my debt, I click "Update position" in "Margin Positions" in Bitshares wallet, enter 5 into Debt input box and click "Update positon" button. Network buys necessary assets for me at market rate and updates the collateral ratio - the same problem as in point 1.

None of these "borrow asset" or "update position" buttons are needed. Margin trading is not different from regular trading except for the amount of funds available to spend. You should be able to run a regular trading bot on margin account, which knows only "buy" and "sell" operations the same way as you run it on regular account, and exchange engine should open and close position for you when needed up to the limit defined by your margin deposit. Check polo, coinbase, bitfinex, everywhere you don't "borrow" or "update", you just buy and sell. This makes a lot of sense to me.

I completely agree with you that "borrow asset" and "update positon" buttons are not needed. I'm just trying to bring ideas how to improve trader's experience with minimal changes in platform itself. Your proposal suggests "normal" and "margin" accounts - I'm not sure how difficult would it be to implement.

Edit: Oh, and you don't need to keep a separate deposit for each opened position, because it is a ratio of total equity to total dept which matters. If your MCR=2 and you are short in bitUSD and bitSilver with 2.2x collateral, and bitSilver goes up by 10%, there is no need to trigger a margin call yet, because your deposit is still enough to back both positions.

  I completely agree, this might be the first candidate for improvement. Would it require a hard fork? How to handle already-open positions? Could we implement it iteratively, e.g. handle collateral for bitUSD and bitCNY as one unit, it it's stable, add bitBTC, bitSILVER etc?

@xeroc, we really understand importance of supporting testnet also, so during weekends we've started testnet witness. Made also at account openledger-dc. Could u please vote for this also, for checking its performance?

Do you plan to become also a committee member on test net?

Because to fix a bit.RUB we need a hardfork, and the last hardfork was 2 years ago

Could you please explain how/when/why did bitRUB break? Why do we need a hard fork in order to fix it?

How about other options like:

Current fee allocation:               Proposed new fee allocation:
20% -- network                            20% -- network
80% -- referral                              70% -- referral
                                                      10% -- Dividend to ALL users (exchanges - question mark)

If the value of BTS goes up, we should be able to scale back on the witness/worker pay thus boosting the reserve pool.

A business should not pay any dividends until it is profitable. We should first make whatever is necessary to make the chart in http://cryptofresh.com/reserve go upwards