Quote from: logart on April 12, 2017, 06:04:06 am

This thread is old but the author of this thread is right, traders need leverage to make profits, if you want mass adoption in the DEX you'll need to attract clients. Offering them liquidity and leverage are two things that bitshares lack of.

IMO the problem is that if you loose money with a broker account, you will have to pay. If the leverage is an BitShares algorithm,  the failure will be at expense of BitShares.

Insurance Fund reduction to 25BTC

Because of the changes we expect to see less bankruptcies. Therefor we decided the insurance fund will be reduced 25 BTC. In case the insurance fund will be depleted, we will replenish the fund with an amount to be decided in the future.

Currently there are various traders with positions in Options that expire in June. For any positions in June Options created before the 31th of March, we will keep an additional 75 BTC of insurance reserved, as most of those positions got opened assuming a 100 BTC insurance fund.

We will always strive for not having to socialize any losses. During the 8 months that Deribit has been operating, we never have socialized any losses among our users. Deribit had only 4 BTC worth of bankruptcies sofar, that got assumed by our insurance fund. With a lower insurance fund of 25 BTC, Deribit will still be motivated to manage the risk on the platform in such way that traders will not go bankrupt.

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.

Not that I'm paranoid or anything, you know I'm the tinfoil guy, but is there another 2FA app out there besides the google authenticator? An open source app that does not rely on SMS messages? Maybe even one that does not require internet access?

• There are few workers that have no unclaimed pay, e.g. burn-100k-3. My expectation would be that they just disappear, is that correct?
• What does the number in parentheses mean? Was this amount already removed from reserve fund?
• There are few refund workers, e.g. refund-100k-3 with unclaimed pay. Will this amout go automatically to reserve fund or does somebody do something with these BitShares? Will we see sharp increase in reserve fund on Jan 1?
• There are few burn workers, e.g. burn-100k-2 with unclaimed pay. Will this be automatically burned? Is there any difference from refund workers on blockchain, there is none in wallet UI, except of its name which I guess is whatever string you want.
• Can creator of a worker cancel existing worker? E.g. there is Fund to pay dividend which hasn't been voted in and expires in 2032. Is there a way to clean up the list of workers?
• Why do people vote for refund400k with expiration in 2035 instead of one expiring in 1 or 2 years?

Sharedrops can have tax consequences that a buyback will avoid.

Plus maybe not all obits holders want bts or open.btc. Doing a buybacks is simpler and cleaner than sharedropping an entirely different investment on obits holders.

• Who will buy it?
• Who will sell it?