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Messages - paliboy

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Technical Support / Re: Please, urgent help needed
« on: August 29, 2016, 01:31:03 pm »
Hi, this is a known problem in Firefox 48 and was reported in about 3 other threads. You can either downgrade to Firefox 47 or use another browser meanwhile.

Perhaps have worker proposals contracts "we'll pay you 50USD in value each day" but make the 'value' in BTS.

Did you mean "but make the payment in BTS"? I was thinking about something like that... it doesn't solve problem with low liquidity of BitUSD but IMHO is closer to how people think when making a worker proposal.

Technical Support / Re: !!! Stupid Questions Thread !!!
« on: August 15, 2016, 07:41:13 am »
How can I find BitShares proposals on I have this direct link from forum but I didn't find any link on cryptofresh that would lead me there.

5% is low. We neeed to give 10% with the current low bitasset supply..

Why do you think that 5% is low? My banks pay from 0% to 1% (3 different banks in 2 EU countries)

Technical Support / Re: Trading fees on UIA
« on: August 12, 2016, 06:50:37 pm »
Thanks a lot.

Technical Support / Trading fees on UIA
« on: August 12, 2016, 12:19:30 pm »
According to cryptofresh, there are the following fees: Limit order create 0.147 BTS 0% 0.2% 0.3%

What fees do I pay when:
  • buying BTS in BTS/OPEN.BTC market
  • selling BTS in BTS/OPEN.BTC market
  • buying OBITS in OBITS/OPEN.BTC market
  • selling OBITS in OBITS/OPEN.BTC

... and distribute 10% daily interest the next day on the previous day balance at a specific or random time

You probably meant 10% yearly interest, that is what you use in your calculations.

Why 10%? Can't we achieve the same effect with 5% or 3% interest? Can you provide script that would calculate the amounts to be paid?

Technical Support / Re: Can't Log In - Invalid Password?
« on: August 12, 2016, 10:00:30 am »
There is another report for the same issue with Win 10/Firefox 48,22996.msg297659/topicseen.html

Import fails for me also in Firefox 48/Win 10 and Edge/Win 10.

Technical Support / Re: I Am Unable to Open My OL Wallet...
« on: August 12, 2016, 07:08:57 am »
What version of Firefox do you have?

Technical Support / Re: I Am Unable to Open My OL Wallet...
« on: August 11, 2016, 06:24:15 pm »
Hi, there is similar thread,22988.0.html

What is your operating system and browser?

Technical Support / Re: Can't Log In - Invalid Password?
« on: August 10, 2016, 07:29:45 pm »
I have the same problem as @bacchist on Fedora 24/Firefox 48 (reproducible on two computers). Works fine in Chrome.

When I completely wiped out browser storage (cookies, indexed db, local storage, session storage) and tried to import 3 months old .bin backup, it says invalid format. I created a new backup in Chrome and tried to import it in Firefox but still says invalid format. Importing the same file in Chrome works fine.

General Discussion / Re: poll for bitUSD parameter optimization
« on: August 05, 2016, 12:54:47 pm »
So that would mean If someone settled $635.5 everyone else would be unable to settle their BitUSD for the next hour?
why 0.5% what is wrong with 20%?

I see it as protection for shorters... in all other trading engines, you get margin called and you still have opportunity to increase your collateral.

Another point of view: daily trading volume of bitUSD in last 24 hours was 1900 USD, in this context 635 USD per hour isn't that low number. Still good topic for discussion whether it shouldn't be set to some different value.

General Discussion / Re: poll for bitUSD parameter optimization
« on: August 05, 2016, 07:50:51 am »
What is the parameter actually doing?

2.)  reduce max hourly settle volume to 0.5%

So I can maximum settle a total volume of 0.5% per hour? When I want to settle 100 BitUSD, I can only settle 0.5 BitUSD in one hour? That would slow down any black swan event.

What is the reason for 20% right now? What does it protect?

If I understand it correctly, it's percet of whole supply of particular asset. Right now there are 127098 bitUSD in existence so with current rules you can settle 25419.6 bitUSD per hour, with new rules only 635.5 bitUSD per hour. Can anyone confirm?

long time no post by me, real life took off in a good way so I couldn't keep up with crypto world -  but what johnnybitcoin is saying is what I have been saying for 2+ years about bitshares 2.0. There is a bitasset buyer of laser resort (settlement), but there is no bitasset seller of last resort. In bitasset supply and demand terms, the system properly destroys bitassets when there is an oversupply (settlement), but there is no mechanism to have the system create bitassets when there is an undersupply. Supply is created by speculators, which causes a chicken-or-the-egg problem: speculators won't create supply in a market with low liquidity for fear of being trapped with no seller of last resort, so a low liquidity market remains low liquidity.

Using reserves/worker as a buy wall gives BTS the missing feature of creation of bitassets when demand exceeds supply (and the market is too thin to meet supply).

Thank you, couldn't have said it better myself.

"Bitassets have a buyer of last resort. They are missing a seller of last resort."

 +5% people are not willing to sell even with 10% premium, few examples:

I suggest that we either adjust bitUSD's parameters first (see,22936.msg297124) or start with bitCNY.

After I saw what happens when a DAC wastes all of its assets (see what happened in Nushares/Nubits), we should be very careful with reserves, i.e. if this gets support and even though profit isn't goal, commitee should aim to at least break even. Therefore I think that collateral ratio should be set as high as practically possible (my suggestion would be at least 3).

Committee's smartcoins being force settled does matter - it causes dilution with unpredictable outcomes.

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