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Messages - R

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316
Stakeholder Proposals / Re: [Poll] BSIP59:Reduce MCR of bitCNY to 1.5
« on: September 18, 2019, 09:06:51 am »
when will it end, at 1.0?

317
Norn price feed publishers have reactivated their feeds, you can borrow/settle norns as usual now.

Tomorrow: Peak Urthr, intersection of depreciating Skuld & appreciating Verthandi!

https://norns.hertz.network/

318
General Discussion / Re: How to use Committee Funds
« on: September 16, 2019, 05:08:03 pm »
Let's sell all the BTS to buy BTC, then BTC go up to 1M dollor, we will win. :D :D
Workers dumping bts is bad, but gamblers dumping bts is good? lol

319
General Discussion / Re: How to use Committee Funds
« on: September 16, 2019, 05:07:12 pm »
1. Short Term Loan for Worker Proposals, Witnesses, Developers and KYC BTS Members
- Short term loan for WP, Witnesses ad Developers who need urgent money, the loan is backed by their future 1-2 months income. The interest rate suggested is 5-10% per month, if interest too low it may be abused. No KYC Required.
- Short term loan for long term BTS Holders, KYC required since they have no future income from Bitshares to support them. Interest rate suggested is 15-25% per month. Set a maximum limit how much they can borrow to reduce risk.

2. Invest in Startup/Business
- Some entrepreneurs have the knowledge and skill to build a business but lack of funding. If Committee decided to invest into them, then request them for a permanent free advertising slot for Bitshares (especially online business), integrate BTS and BitCNY/USD in their payment gateway and share a portion of their future profit.
- Invest in Startup/Business is very risky but worth to try because it is a good method to have great exposure to business world and if any of the business become successful, then Bitshares have positive cash flow outside of DEX.

5-10% / month? that's 200-300% APR...

We're a decentralized exchange....not decentralized loansharks :D
What about buying and holding peak norns long term? Would lock up 2x BTS in collateral & would offer peak norn shorters up to 0.8% debt destruction per day.

Alternatively, could use committee funds to algorithmic-ally buy norn troughs then settle their peaks to earn approx 0.8% per day.

Norns potentially enable greater rates with less risk than those offered by Bangzi & Dai 👍

320
Attention price feed publishers: Since the recent Bitshares blockchain halt, multiple price feed sources for the norns ceased publishing feeds due to getting stuck on a 503 error. Please reset your price feed scripts to begin feeding the Norns once again, thanks.

321
Disagree. Do not support.

322
Seeking further price feed publishers & market participants 👍

Put in a request to translate both the Hertz & the Norns whitepapers from English to Chinese: https://bitsharestalk.org/index.php?topic=29573.msg335258#msg335258

323
HackTheDex appears to have been de-activated? Shame given the severity of recently resolved issues.

324
I don't think it is not good.
So you support refund400k, I do not. The impact of refund400k on the future price of Bitshares is subjective, however it's had an undeniable negative effect on development and marketing contrary to ShirleyDD's latest newsletter.

I  think the holder has the right and ability to decide which worker is good for them.
I do not disagree that BTS holders have the right to decide their own voting slate.

Now i only can see many of you think the holder is foolish and short-sighted.
Voting for refund400k is short-sighted since it immediately sacrificed development, infrastructure, integration and marketing with long lasting impact with little prior outreach.

I don't think that all BTS holders are foolish, I'm simply explaining factual inaccuracies in ShirleyDD's newsletter which were irrefutably caused by refund400k.

The worker was voted in and out which was very normal, the holder didn't give a promise for that.
Sure, worker proposals provide highly unstable employment prospects for developers.

The holders may not have made promises, but individuals acting on behalf of integration & conference worker proposals certainly would have had to make promises on behalf of Bitshares once they were previously activated; not a good impression to pull out of multiple such contracts so abruptly.

The worker fund shouldn't only come from the reserve pool,it should also come from donation or other way.
Releasing reserve pool funds to worker proposals is like a donation from the network.

It's unlikely that private donations will fully replace reserve pool funding; the NA conference is fully cancelled by refund400k - donations won't matter.

Developers aren't going to work for free, they have bills and rent to pay so they will seek work elsewhere quite quickly.

325
vote is shi*t, holder is shi*t?

thanks to item 1.
Voting for refund400k isn't good. Refund400k has caused multiple items in ShirleyDD's newsletter to be factually inacurrate.

3. All UI development has halted due to refund400k: https://bitsharestalk.org/index.php?topic=27785.msg335107#msg335107
4. Bitshares Decentralized sponsorship worker proposal is de-activated due to refund400k, a severe loss of marketing opportunity.
5. Steemfest worker proposal is not active. Given how refund400k effectively cancelled the other two conferences without notice, you shouldn't promote this as a sure thing.

It doesn't appear that the true damaging effects/consequences of refund400k are being fully communicated, especially with this 'newsletter' being fully unaware of the above.

---

Quote
15. BitShares Prediction Markets developed independent page:

比特股预测市场开发独立页面:

https://develop.bitshares.org/#/prediction

This probably shouldn't be included in public facing newsletters - the develop sub-domain is a development environment ahead of public stable releases. The highlighted UI elements are unavailable in the latest stable releases, the non-develop web wallets and given how refund400k has fired the bitshares-ui workers it's not getting publicly released anytime soon.

326
中文 (Chinese) / Re: Calling all BitShares-based businesses.
« on: September 05, 2019, 02:01:41 pm »
Quote
All of our BTSers want better bitshares, whether it's the price of BTS or the future of bitshares.Because we are the real BTSers.Isn't it?
Without the current core development workers, how would you have personally resolved today's blockchain halt? How long would it have taken you to deploy a fix to the network?

327
Stakeholder Proposals / Re: [Worker] Bitshares UI Worker Proposal for 2019
« on: September 05, 2019, 01:57:47 pm »
Really sorry to see this valuable worker proposal de-activated, I hope it gets reactivated soon.

328
General Discussion / Re: Huge spending will lead to the collapse of BTS
« on: September 05, 2019, 01:56:22 pm »
Today's blockchain halt is clear evidence why funding dev workers is important; had the core worker no remaining funds the response may not have been so swift.

329
Refund 400k has given most workers a refund
No, it's fired most workers, it's not a refund. If the core worker had zero funding at this moment, how would you have proposed to resolve the blockchain halt today without paid dev support? By voting for refund400k you threaten the security of the network.

330
为了鼓励参与高倍数抵押的人,应该在“解冻余额”中可以申领 连续抵押了多少天的账户可以申领 理事会的系统中的那10亿BTS的拿一部分来奖励,或者拿市场手续费的一倍份来分红。

不要盯着资金池里的10亿BTS,本来就不应该存在的东西,导致现在人人都在盯着资金池,而不是用真正的收入来覆盖支出,增发的资金池本来是为基础开发置留的,而不是为了各种会议及架构留的.

一个refund400k就能把老外搞的各种疯狂,当初抵制增发的时候这帮人又是什么样的嘴脸?!

锚定资产区收的锚定资产手续费倒是可以拿一部分用来给高倍长期抵押的用户分点红,毕竟这些羊毛出在羊身上,用在羊身上也无可厚非,相当于负利率。

老外的思维落后时代太多,很多问题我们指出并提出解决方案时,他们还在持续性的各种懵逼中,坚持自己的看法就是宇宙真理,等到漫长的时间流逝之后,他们中可能才会有那么一两个人才会意识到问题的表面。

I agree with you regarding real income.

I wrote about this 18 months ago:

https://steemit.com/bitshares/@clockwork/bitshares-fees-the-fee-schedule-and-dex-profitability

I then spent 3 months analyzing chain data and in discussions with stakeholders and traders to implement a new , more efficient/profitable fee schedule.

And then I was treated like the enemy for suggesting that the chain should be profitable like you are saying now and the fee change was cancelled leading to the state of the reserve pool now.

I've ALWAYS acted and commented with the best interests of the platform in mind. It's others who are voting only with their pocket.

BURN the 0.85 B bts in the reserve pool, then some argument will  not exsit 8)
I don't think that'll have the impact you expect it to, fees would probably have to be dramatically increased so as to just be able to pay witnesses.

0.85 B BTS is the part of further issue long time ago,it is not the budget for the witness.

The income should cover the budget of witness first, then cover the budget of worker.
The witnesses are paid from the reserve pool (https://how.bitshares.works/en/master/bts_holders/community_members.html#witnesses) if a large amount of the pool is burned, then witness payment/rewards are threatened & fees would have to rise to compensate. Don't destroy the reserve pool please.

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