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Messages - yvv

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31
General Discussion / Re: BitCNY Force settlement offset still at 5%?
« on: January 15, 2018, 02:44:44 pm »
This is why no serious business will ever accept bitshares as an underlying platform. Changing contract terms after it is done is bullshit. Terms should not be changed in such a way that they hurt users. You want to change something, apply it to new positions, terms of existing positions should be respected. No serious business will ever want to depend on a will of few anonymous dudes.


32
General Discussion / Re: How were the BTWTY tokens issued?
« on: January 15, 2018, 02:32:35 pm »

It will be revived when either the BTS price increases so that the value of the settlement fund is higher than the collateral requirement for the existing BTWTY, or when an investor shows up and creates a bid for the missing collateral.


I don't get it. How would investor "create a bid"?

33
General Discussion / Re: How were the BTWTY tokens issued?
« on: January 14, 2018, 02:37:19 pm »
They were shorted/borrowed into existence until global settlement happened. BTWTY suffered from black swan event along with some other assets. After black swap recovery was implemented, some assets were revived but BTWTY is still down. It looks like witnesses lost interest in producing price feeds for it. Yes, BTWTY was created by an individual. Everybody can create a bitasset.

I have 3 witnesses publishing the price feed at the moment. The problem comes from the collateral. It's not reaching 175% of the whole supply of BTWTY. Thus, you can't borrow at the moment. BitShares just need to rise a little more and the market will be completely operational.

I'll ask for more witnesses as soon as the borrowing function is back.

How is this possible? Should not under collateralized positions be margin called?

34
General Discussion / Re: How were the BTWTY tokens issued?
« on: January 13, 2018, 10:19:47 pm »
Quote
ISSUER MAY TRANSFER ASSET BACK TO HIMSELF

I don't know what the hell does this exactly mean, but bitAsset issuer certainly can't transfer it to himself at his will.
 

According to this blog entry (http://bit.ly/2D9C5e7) it allows exactly this: to transfer it to anyone else at his will.

This blog entry talks about user issued assets (UIA). BTWTY is an market pegged asset (MPA, like bitUSD). It was created by an individual, but it is issued by shorters in a trustless way. 

35
General Discussion / Re: How were the BTWTY tokens issued?
« on: January 13, 2018, 05:55:59 pm »
Quote
ISSUER MAY TRANSFER ASSET BACK TO HIMSELF

I don't know what the hell does this exactly mean, but bitAsset issuer certainly can't transfer it to himself at his will.
 

36
General Discussion / Re: How were the BTWTY tokens issued?
« on: January 12, 2018, 09:22:35 pm »
They were shorted/borrowed into existence until global settlement happened. BTWTY suffered from black swan event along with some other assets. After black swap recovery was implemented, some assets were revived but BTWTY is still down. It looks like witnesses lost interest in producing price feeds for it. Yes, BTWTY was created by an individual. Everybody can create a bitasset.

37
Yes, check GDEX fees.

38
I don't see no sum of all debt at the bottom.

39
Link to page?

40
General Discussion / Re: bitUSD - USD - open.USD => what's the difference
« on: January 09, 2018, 08:29:42 pm »
People hesitate to short bitBTC into existence, because BTC is always growing, that is why there is shortage of bitBTC and it is traded with premium. 10% is actually not that a lot, I was able to sell bitBTC with like 50% premium some times. There may be an arbitrage opportunity, but not necessarily.

41
General Discussion / Re: Massive BitAsset Growth ! - Analysis
« on: January 08, 2018, 02:04:27 pm »
BTS is growing, which means shorting is profitable.

42
You better learn how order matching works in general before trading. Bitshares is not different from any other exchange in this sense. You have not done nothing wrong yet, but without understanding of what are you doing you will eventually do something wrong and lose you money.

43
General Discussion / Re: SmartCoin based on ETF
« on: January 05, 2018, 03:39:38 pm »
Such suggestion is raised once in a while, and a lot of people show interest in ETF traking smartcoins. The problem that hardly any ETF can outperform crypto. If you want to peg a smart coin to ETF, this should be some killer ETF, which at least outperforms USD, GOLD and SILVER.


I agree that no "legacy" equity or fixed income based ETF can outperform cryptos. But USD pegged smartcoins can't do it too and and BitUSD has a market cap of almost $27M. So we speak about price stability and low volatility. I think at this point it's interesting to have an ability to move some assets from 0-Risk & 0-Performance zone to an smartcoin with low volatility and long term return higher than the inflation rate.

That would make sense. Why not?

44
Fees are flat. Bitshares charges them in BTS, openledger charges them in OPEN.XXX assets. You may convert them to USD if you wish, but this does not matter for withdrawal process. Just keep in mind that fees may change any time, and check them every time you deposit or withdraw funds.

45
General Discussion / Re: Smart Coins - Where are we headed?
« on: December 30, 2017, 02:28:21 pm »
Quote
Why not have bitLTC or any of the other top 20 tokens?

We have BTWTY which represents top 20 tokens. We also have bitOIL, NASDAQ and a bunch of other tokens pegged to real world asset, but nobody provides price feeds for them. Witnesses should post price feeds and all these tokens will get alive.

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