i am thinking that we should create something like a CFD

how can we do it?

we need a assetclass who can be force settled from both sides.
a margin call should also be done on the feed price

with this both changes i think we can create a asset class which we can copy CFD and Forex markets much easier.

what do you think?

Hi guys,

after our fundraiser ended i want to share my thought where the value of METAFEES are coming from.

At the moment we have 6220 METAFEES in circulation http://cryptofresh.com/a/METAFEES
all the METAFEES we didn't sold we burnt them.

We sold 50 METAFEES for 1 BTC

Our fundraiser started with an exchangerate in BTS with 1.500 BTS each METAFEES or 75.000 BTS each BTC.
Right now 1 BTC is worth 128.000 BTS.

We recieved more BTS then we needed so we converded some into BTC, ETH and NXT.

Right now our liquidity pool holds 50% BTC, 25% ETH, 20 % BTS and 5% NXT

So the liquidationvalue will rise and fall with the value of these coins and METAFEES will act in this way like an cryptoindex, backed by the value of the liquidity pool.

As a "bonus" each month we are doing buybacks for METAFEES with 50% of our collected fees, so over time the METAFEES in circulation will decrease and our liquiditypool will stay the same.

i want to talk here about a FBA for decentralized betting!

the reason it should be run on the blockchain, is because in most countries it is illegal to run it, so how can we do it on bitshares?

so, my idea here is (and question is could we build it this on bitshares)

lets assume i want to bet on the outcome of  the next presidential election. I am creating  a new account/contract and i can define under which condition anyone can join this account/contract.

i am betting 10.000 BTS that the canidate of the democrates win and now the people can now join this betting account with betting also 10.000 BTS. they need to define what they are betting for,
in the end a lot of people can join this account/contract without anyones permission.

the problem is always in the end, how the contract knows who won the election. so the contract pays a portion of the amounts out to people who are reporting the result to the account. We could
setup accounts who are interested in earning some exctra cash.

step 1: contract/account is created from the initator with some specs he set
- possible answers to choose
step 2: interested people join this contract/account and bet too
step 3: the event occurs and interested people can now send to the account the winner
step 4: after x time the contract/account now sends the winning amounts out to the contract holders
step 5 : the account sends to the reporting people their share
step 6: account/contract is closed and will not be used anymore

this is just a rough idea, but the main point here is - how we can structure a decentralized betting event without the need that someone is legally responsible for it.

feedback

Hi guys,

in a different thread a ask who owns bitshares.org and the domain is owned via Invictus.

The question was, why we don't use the referral program on the mainsource to get more funds for the community?

- Some had concerns, that the main source of trust, should not a referral link.

As a community we are wasting every day referral income, because we don't generate income. In my opinion this makes no sense. We decided to go this path, so we should
use the possibility also on the mainsource for the community.

I think a account should be generated as a lifetime member and the committee members should sharing autority of him. With this setup, we will generate a great source of income
the community can spend on things fast and quick, without to get a worker proposal granted.

But i wanted to know how you all feel about it. So should we make all links on bitshares.org referral links also?

https://news.bitcoin.com/metaexchange-selling-asset-tokens-profit-sharing/

what can i do?

is a fork happening? every block is signed by "proof of steak"

we is the feedprice 245 US when in BTC the price is 302 US on coinmarketcap?? Are all the witnesses providing wrong feedprices or did i miss here something?