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Messages - paliboy

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General Discussion / Margin call algorithm is too dangerous for shorters
« on: October 03, 2017, 11:09:00 am »
Hi, multiple positions were margin-called today and couple of people in Telegram pointed out that when you get margin called, it will try to settle whole postion, not only part that is undercollaterized.

For example this is Stan's HERO position after some part was already bought back:

The algorithm buys back the asset but the collateral stays the same which leads to ever-increasing collateral ratio, even far beyond maintenance collateral ratio (MCR) which is not behavior that I would expect.

My suggestion would be to change margin call algorithm so that it stop when collateral ratio becomes higher that MCR. In the example above it would mean that the algorithm would stop buying HEROs as soon as the collateral ratio of position would be higher as 200% (MCR of HERO asset).

What do you think, does it make sense? IMHO it would help big holders of smart assets and still keep the system stable.

General Discussion / CNY feed after Chinese exchanges halt trading
« on: September 19, 2017, 08:23:27 am »
Hi all,

since BitShares bitCNY feed depends on prices on external centralized exchanges and probably all of Chinese ones will stop trading soon, what implications does it have on BitShares? Will it influence stability of bitCNY? Do we have contingency plan for bitCNY?

General Discussion / Re: Bitshares ft. Zencash
« on: September 13, 2017, 06:04:16 am »
Do you have any specific areas where these two projects could leverage each others strengths?

I still don't fully understand your proposal but it seems that user issued asset would be more suitable for your use case.

In your proposal, what would happen if users settle more than 5% of assets? You would go bankrupt. How would be the price feed defined/calculated?

set overcollateralizations lower than standard smartcoins, hedge the fund's positions on Bitshares themselves so that the BTS holding will always balance.

Can you explain this part?

The biggest risk I see is that your asset might get "black-swanned" quite easily. In order to prevent it, you would have to bootstrap it with relatively big amount of collateral - something like in millions of USD (depending on minimum collateral ratio)

Technical Support / Re: Internet of Things and bitshares
« on: September 11, 2017, 08:12:35 pm »
There are docs for Python lib

General Discussion / Re: market fees
« on: September 11, 2017, 06:40:14 pm »
Yes, you will pay not only fees for creating/cancelling limit order but also fee specific for given asset (0 for all committee-owned assets and BTS but 0.2% for OPEN.BTC).

There is no maker/taker distinction in fees but they could be assymetric, e.g. in OPEN.BTC:USD market (0 when buying USD but 0.2% when buying OPEN.BTC).

General Discussion / Re: [Public Testnet]
« on: September 06, 2017, 01:14:33 pm »
It seems reasonable to require all active witnesses on main net to be also active on test net, wdyt?

General Discussion / Re: Github Bottleneck
« on: September 06, 2017, 07:16:40 am »
GIt itself is decentralized, i.e. every copy of an repository is equal. It's easy to upload code to e.g. GitLab as long as at least one person has his own clone of repository.

1. we might lose latest commits - not very probable, author of the commit would probably still have it in his own copy
2. we would lose all Pull requests - similar to regular commits, probably code would be available in author's own copy, comments would be lost
3. we would lose any CI/build automation - can be setup again on different infra but it's a manual step
4. we would lose wiki - not sure how up to date it is

Nice idea! Can you please provide more information how you calculated 5555 bitUSD? How many people do you expect to take part in BitShares-related talks/hackathon? Is this amount fixed (what happens if more/less is necessary)?

Technical Support / Re: Full node and blockchain size
« on: August 30, 2017, 06:31:56 am »
The full node RAM requirement has been growing about 8GB a month so you can adjust from there for your specs.

Why is it growing so fast?

Technical Support / Re: broadcast_fail
« on: August 21, 2017, 01:39:26 pm »
Welcome to the community, I sent you 1 BTS. FYI, you can pay fees in other currency when trading.

Technical Support / Re: Bitshares Support
« on: August 21, 2017, 08:49:51 am »
@stogy, open the Deposit/Withdraw tab.


1A) Kexcoin will own the properties from the ICO. Kexgill will have no ownership of the funds raised, they will be providing management services.
B) Kexgill will charge a management fee to Kexcoin (as it already does with a small portion of managed properties). These fees will be published on the website for transparency and will be the general market rate so could not be inflated.
C) As above, everything will be published to keep things transparent.
D) Yes - they will be held in a bank account in Kexcoins name. Kexcoin and Kexgill will be ran as two separate businesses except for management services.

How will you prevent conflict of interests? E.g. when you find a good property that you would like to buy... how can we be sure that you will buy it for Kexcoin and not Kexgill?

13) Are you able to use these 70m GBP to buy properties in reasonable time (1-2 years?)
Richard Stott, Kexgill Group managing directory is always researching new deals and will waste no time after the ICO in putting the money to work.
How big is an average deal?

14) Since you already have a successful company, why didn't you bring also some fund to Kexcoin?
Kexgill have put up all the working capital. That's how we have financed this whole thing so far.

When this ICO is successful, Kexcoin will have debt to assets ratio 100%.
Could you expand on that i.e. how do you see this as a problem?

It's not a bad thing per se, just investors should be very cautions when investing to such a project. Basically you have nothing at stake (except of you time/effort). In the worst case scenario the company bankrupts, you sell all properties and split the money among kexcoin holders. Investors loose and you get either nothing (if you had sold all your 10m kexcoin) or some small amount (if you still own kexcoin). This is very unbalanced. You should understand it after doing business for 39 years ;)

15) Are you keeping BTC until the very last moment or will you exchange it to fiat immediately after ICO? Will you use DEX and OpenLedger fiat gateway for this exchange?

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