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Messages - Customminer

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61
I wouldn't necessarily call this event a black swan anymore. In the past when a global settlement occurred there was no recovery mechanism for this state and thus a black swan scenario would last months. Since mid 2017 we've had BSIP 18 implemented which provides an automated global settlement recovery mechanism: https://github.com/bitshares/bsips/blob/master/bsip-0018.md

When a global settlement occurs you're unable to borrow new tokens (no issuance). You are however still able to trade it on the DEX, transfer it to anyone, settle your MPA for part of the BTS settlement pool, potentially even use it as backing collateral in an L2 MPA, so it's not completely useless in this state.

I would prefer this mechanism occurs than for force settlement to be disabled, heck I'd rather see MCR go to 101% before these centralized flags are triggered at 175%.

Quote
The proposed operation enables potential investors to "bid" additional collateral for taking over part of the debt (or all of it). When enough bids have been made to cover the full outstanding debt, and all of them are sufficiently collateralized (in terms of price feed and MCR), the settlement_fund and the bids are turned into call positions. Finally, the settlement_price is removed from the asset, which revives it.

If the available bids cover more than the outstanding debt, bids with a higher collateral/debt ratio are preferred over those with a lower ratio. The intent is to turn the competition among investors into better collateralized calls, which is in the interest of the MPA holders.

Perhaps we can incentivize investors to participate in the automated recovery mechanism somehow if you don't think it's sufficient in recovering bitCNY?

62
Stakeholder Proposals / Re: [Witness Proposal] fla01
« on: September 14, 2018, 12:17:52 pm »
What are your plans for price feeds? Will you solely publish feeds for committee owned smartcoins, or would you support 'privatized' MPA such as Hertz?

63
There's only a couple more days left to claim your whaleshares sharedrop - the majority of BTS holders thus far have yet to claim their sharedrop  ???

64
*bump* There's still approx 16m WLS unclaimed! https://whaleshares.io/@wls/transfers

BTW for anyone hesitating, there's no export/import of BTS private keys to claim your sharedrop - you just need to acquire 1 WLS and send it to the sharedrop claim account with your personal memo attached & you'll get your owed stake within a couple mins on the whaleshares network!

65
Can anyone explain why whaleshares doesn't have the inflation protection for vested balances that steem has?
Why should I *not* claim the sharedrop, withdraw and sell as quickly as the rules allow?
AFAIK you cannot powerdown until mid october, and the rate of powerdown is affected by the platform's inflation rate.

Yes, that's what I meant with "as quickly as the rules allow".

I'm not sure about inflation protection, do you mean receiving rewards for held stakepower over time?

STEEM pays 90% of inflation into the vested steem pool, which looks like "interest" on vested steem / steem power. Apparently WLS doesn't do that, so effectively vested WLS are losing value due to inflation.
If you don't want the tokens then you're free to sell them as you see fit, I wouldn't let the economic policies get in the way of claiming your sharedrop. I'm sure people would be interested in picking up some cheap WLS on the BTS DEX.

I don't think it's impossible to change the economic policies through future hard forks, but steemit doesn't pay interest on steem power neither, you can only earn with your vote weight through curation rewards, no?

66
Thanks.

Can anyone explain why whaleshares doesn't have the inflation protection for vested balances that steem has?
Why should I *not* claim the sharedrop, withdraw and sell as quickly as the rules allow?
AFAIK you cannot powerdown until mid october, and the rate of powerdown is affected by the platform's inflation rate.

I'm not sure about inflation protection, do you mean receiving rewards for held stakepower over time?

67
502 Bad Gateway
Same, can't connect to this.

Is it going to be open source?

69


FAO Bitshares users: Claim your WLS!

Account creations have been opened to everyone, even if you did not have a Bitshares account that qualified for the sharedrop snapshot on August 1st.

Claim deadline: 15th September 2018

If you miss the sharedrop claim deadline then you'll no longer be able to claim your stake! Make sure to claim your sharedrop before then!

If you need to claim your sharedrop:

  • Make sure you have 1 WHALESHARE token in your Bitshares Account Wallet.
  • Make sure you have at least 0.2 BTS in your Bitshares Account Wallet. (Fee)
  • Go to https://wls.services
  • Follow the instructions provided in the Official Sharedrop Announcement.

If you are not claiming and just want to create an account:

  • Make sure you have 1 WHALESHARE token in your Bitshares Account Wallet.
  • Make sure you have at least 0.2 BTS in your Bitshares Account Wallet. (Fee)
  • Go to https://newacc.wls.services
  • Follow the instructions provided in the Official Sharedrop Announcement.
  • The process is the same as 'claiming with a new account'.

💡 If you don't have 1 WHALESHARE token, you can buy one on the DEX with BTS: https://wallet.bitshares.org/#/market/WHALESHARE_BTS

Related: https://whaleshares.io/whaleshares/@whaleshares/whaleshares-io-and-bitsharestalk-io-main-launch

71
Stakeholder Proposals / Re: Witness Report for for-one
« on: August 27, 2018, 11:13:37 am »
What will your price feed strategy be? Will you support 'private' MPA, or solely the committee owned 'smartcoin' MPAs?

72
General Discussion / Re: Consider derailing feed price
« on: August 23, 2018, 12:24:05 pm »
I really think Bitshares needs to find a way to collateralise with bitcoin instead of BTS. (don't worry BTS will still have value because its need to pay fees)
You can just create another (private) MPA e.g. YOUR.USD backed by YOUR.BTC.
You can't do this through the UI yet, but it's in the works: https://github.com/bitshares/bitshares-ui/issues/1537

Yes we could create bitUSD backed by OPEN.BTC but as a centralised IOU people won't trust it. Hence the need for a trustless BTC / sidechain.
ACCT/trustless BTC (and other cryptos) is a good proposal & on the core roadmap, but people are also seemingly willing to trust entities like USDT which may be using cryptocurrency as backing collateral - if an UIA had the marketcap of USDT with semi-proven backing collateral (1up on USDT lol) then that'd bring a lot of value to the BTS DEX (fees at least).

What would be cool would be the ability to back an MPA with one of many identically weighted EBA (<gateway>.BTC), or perhaps an MPA backed by multiple differently weighted cryptos configured something like the following?

Code: [Select]
"reference_asset": {"name": "Multipass.USD", "amount": 1, "feed_price": bitUSD.median_feed_price}
"allowed_backing": {
  "BTC": {"allowed_tokens": [<gateway(s)>.BTC, bitBTC], "feed_price": (reference_asset["feed_price"]/bitBTC.median_feed_price)},
  "ETH": {"allowed_tokens": [<gateway(s)>.ETH, bitETH], "feed_price": (reference_asset["feed_price"]/bitETH.median_feed_price)},
  "USD": {"allowed_tokens": [<gateway(s)>.USD, bitUSD], "feed_price": (reference_asset["feed_price"]/bitUSD.median_feed_price)},
  "BTS": {"allowed_tokens": [BTS], "feed_price": (1/reference_asset["feed_price"])},
}

It'd be pretty neat to be able to settle an USD & get a portfolio of crypto worth $1 in return 👍

73
General Discussion / Re: SMARTASSETS SCAMS
« on: August 22, 2018, 10:34:21 am »
Akledirs should be unbanned from the main channel now.

I'm not into the telegram thing. Could someone ask to unblock Akledirs there? Maybe provide a link to this thread as a reference. Thanks!
Sorry, I should have phrased my previous post better - Akledirs has been unbanned from the main Bitshares telegram channel, his post was mistaken for spam by a channel admin (telegram has a horrible spam problem).

74
General Discussion / Re: SMARTASSETS SCAMS
« on: August 21, 2018, 06:36:52 pm »
(For this information and recommendation sold other MPA from derivatives-dex I was banned from Telegram-group bitsharesDEX)

They probably have some kind of rule not to mention specific assets to prevent spam.

Akledirs should be unbanned from the main channel now.

75
General Discussion / Re: SMARTASSETS SCAMS
« on: August 21, 2018, 05:34:12 pm »
#29806541 blackswan baiducom - collateral price (36 bts)

I cannot find this operation on cryptofresh nor the web wallet block explorer page.

That said, the nasdaq feed price op did infact drop by like 2000 - that's absurdly volatile..

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