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So much problem to calculate how much BTS is needed to cover 1 USD? I mean you can pay with BTS, but value witnesses service in terms of USD.although the process to increase witness payment is still on going, I am considering another possibility - to pay witness in bitUSD.
frankly speaking I have considered to use bitCNY to do this, as bitCNY has better supply and market depth than bitUSD, but more bitCNY supply may lead to one result that had happened: most of the bitCNY finally acculmate in transwiser and transwiser have to force settle. so maybe bitUSD is a better choise.
suppose 0.004$ is BTS price, then block payment should be 0.012$, 345.6 USD per day.
let reserve pool borrow 62208 bitUSD - which is total witness payment for 180 days, with 0.004$ as price and 5 as collateral ratio, that need 77,760,000 BTS for collateral - seems OK.
in order to get USD for position close, every week committee will place an order to sell 604800BTS - the total weekly witness payment with 3BTS/block, with the price calculated out from some rules: the highest BTS price in the last week or other better rules.
It would be great if witnesses and workers could be paid in BitUSD automatically by the blockchain. Unfortunately bitshares is not designed to do this and as you suggest the only way is by trusting the committee with large collateral positions.
@xeroc latest worker is similar to this proposal, lets see how that goes
I'm not sure if shareholders would be happy to trust the comittee with such large amounts.
2. Merge Send and WithdrawI don't like this idea. Send tab is like private message system and should be optimized in that direction imo. Expand full message when click is an option I would love to see - popup is not bad, but makes imposible to copy from it.
No. This:I don't like exchange market stats, looks like crap. Chart buttons shouldn't be there. Very annoying pointer => help cursor change when hovering over my markets.
by exchange market stats do you mean featured markets? (on the current dashboard page)
Question: Openledger is a company who runs OpenLedger.info which looks same as how everything looks in the Bitshares Light client in terms of UI etc. Is the Bitshares light client just connecting to Openledger to display a UI? What happens if Openledger.info is hacked and brought down, then nobody can use their Bitshares clients anymore?You have your backup. It's a key encrypted by your password. All your actions must be signed with that key. You can load that key into any wallet that runs on top of BitShares.
Why arent there more alternatives for 'visualising' this decentralised exchange because currently I just see some company running a website (openledger.info) which if it went down we are all screwed? Is it openledger that decides what assets to trade and display in the light client?
Thanks !
The question of how he was able to buy it in the first place remains..Good point. A bug?
