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Messages - nmywn

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46
It clearly says so when you create an account
I think the message is clear enough, but he obviously didn't read that. To much text maybe. Warning about the password is on the right side, like something less important, not worth reading. I think Important message should be placed close to button area, as a MUST READ and on the right further explanation.


http://imgur.com/a/eALoT

47
[member=40079]yvv[/member] because he's thinking how to improve user experience through automation in GUI , not about changing contract design. If order is not filled and market moves wrong direction then you have margin call.




48
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: April 22, 2017, 07:57:32 pm »
[member=43724]rex[/member]
No, it's official client. Did you manage to import backup, or it was just to confusing?
I wrote you little step-by-step (almost).
https://github.com/bitshares/bitshares-ui/issues/124

49
[member=2728]ripplexiaoshan[/member] What in case of USD black swan?

50
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: April 21, 2017, 01:20:29 pm »
Download Bitshares client: bitshares.org/download and import your backup there. As an exercise. This should answer your question and give you some more confidence.
Public key is derived from Private. That pair can't change. My example is just simplification to give you idea how backup works.
Minimum backup required to get back your account is just Private key written somewhere on paper ( in case you forgot your password).
Private key is a key.

51
Technical Support / Re: !!! Stupid Questions Thread !!!
« on: April 21, 2017, 12:08:17 pm »
Public key is the safe, Private key is the key.  Anyone can see what's in the safe, but only you have private key to open it. Backup is container for your safe and key,  locked with password.

52
I understand that polo way is basically the same (just in different order), but much easier for use and have less friction.

Yes, this is what I am talking about. Just forget about their higher leverage for a moment (although this is also important factor). The hole process of shorting at polo is one simple action: you place a sell order. To settle your debt, you place a buy order. The final result is the same as in BTS, but everything is seamless, and you don't need to make unnecessarily  high deposits. The mechanics behind this is very simple, and I don't see a reason why it should not work at DEX. You can still use your bitAssets as money, i.e. buy/sell/transfer etc.   

The amount of collateral which you need to put upfront depends on the price at which you short sell your asset. If you short at feed price, you need to put only MCR-1 upfront, because the rest you get when you sell your asset, and before that you don't have no dept. If you sell at premium, you need to put less upfront, if you sell at discount, you need to put more. If you want to short, but don't want to sell, you need to put entire collateral upfront and then do what you want with your asset, same as you do now.

Same goes with closing position. It is ridiculous that you need to deposit additional funds on top of collateral to settle your debt on DEX,  or find other workarounds, because the only purpose of collateral is to be used to settle the debt. And again, the amount of collateral which you need to spend depends on the price at which you buy back you debt, cheaper you buy, less you spend. If somebody kindly sends you bitAsset for free, you just keep your collateral.
I wouldn't call this "workarounds",  better would be "not obvious". . I gues when you're closing position on polo it execute margin call.

Anyway,  it's just illusion created for "all in"  type of guys, after the "sell" balances stay the same: same debt, same collateral, same free funds. Would be cool to have that. This can be done instead current one, actually - I was wrong (again) and I see it now. The only change is ability to create fake market pressure with less funds.

53
Please, invest in badass api nodes, raise the standarts. There is not much to choose from and it is super frustrating seeing init error.

54
You would need special margin account that limit you for only one use case. So this is not flaw in current implementation, as you stated, but lack of additional feature. I understand that polo way is basically the same (just in different order), but much easier for use and have less friction. Maybe workaround (for now) would be bot that allow you pass all the necessary steps behind the scenes, while creating illusion that you already have full funds in moment of deposit. But, disadvatange/advantage is clear: you can't create fake market pressure this way (sell walls).

[member=38926]Chris4210[/member] yeah.

55
General Discussion / Re: Bitshares price discussion
« on: April 20, 2017, 08:33:43 pm »
It is because how it works. You can speak with someone live, but not see all his replies. What you see on the screen, it's not what he see. History doesn't load either. It creates parallel worlds which makes it useless.

56
General Discussion / Re: Bitshares price discussion
« on: April 20, 2017, 08:20:38 pm »
Trollbox counter display users connected to you, not traders. This is p2p chat and works very bad. It is useless and make false impression that DEX is ghost town. I hate it, i have disabled it.

57
I can buy any worthless UIA with borrowed bitUSD, which wouldn't be possible with polo scheme. Why? Because you MUST sell it against BTS to cover collateral. That sucks. Any fiat gateways  using MPA's instead of UIA would be forced to buy bitXXX from the market to build reserves. Now they can simply borrow, not for shorting purposes, but for operating deposit/withdrawals, making markets etc. without need of selling BTS power. It's not shorters heaven, because it wasn't designed for them. It is not dumb, look top volume markets for OPEN.BTC. It's working.

58
General Discussion / Re: btsbots wallet release v0.0.1
« on: April 20, 2017, 04:43:45 pm »
I like this topic. All charts up :)

59
[member=40079]yvv[/member]  for MCR 1.75.
 Put 1, receive 1.33  if (your collateral < your CR [must be min. MCR]) all sells go into collateral. USD start being covered when order get filled, until then is only virtual, however create real market pressure. If your collateral is > 1.75 you have proof of shorting, which can be maybe used for yield.

I'm not sure if I understood this correctly. Probably talking bullshit.

Edit:
But i would be limited to 1 market. Now I can borrow USD and buy LISK or Bitcoin or whatever. Can I make this on polo?

60
Stakeholder Proposals / Re: [Witness Proposal] roelandp
« on: April 19, 2017, 07:14:07 pm »
[member=43537]sahkan[/member] I guess this is for Golos (Steem fork) internal exchange.

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