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Messages - R

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766
General Discussion / Re: Why Wikipedia.org does not have a page about bitshares??
« on: October 20, 2017, 09:20:51 pm »
Good luck getting anything added to wikipedia.

You need newspapers to have written about bitshares before your bitshares page evades insta-deletion by the community driven moderation.

767
General Discussion / Re: New idea: Negative interest rates to encourage borrowing and spending of an MPA
« on: October 20, 2017, 09:08:16 pm »
https://bitsharestalk.org/index.php/topic,24158.msg309598.html#msg309598

Not a new idea, but I like the idea.

Effectively, shorters will experience debt destruction whilst holders experience the slow deflation of holdings.

I believe that such a proposal will have a one-sided market, with an over abundance of sellers (shorters) and a lack of buyers.

HERTZ style assets have the best of both worlds, both appreciation and deprecation.

768
Random Discussion / Re: Fork of steem, "calibrae"
« on: October 18, 2017, 07:25:02 pm »
Quote
We're doing this because there are issues in steem and we loved the concept of steem and both got burned by the implementation of steem.
The initial distribution of steem was pretty bullshit, and the steem network has ended up with massive whales and drama, heck it was officially 'announced' on april fools day on bitsharestalk, I genuinely believed it was a joke when initially announced thus missed the distribution they did to the first couple months of content creators.

If performing a snapshot/sharedrop, it utilizing vesting balances would be smart so that it can't be massively dumped from the start and that whales aren't as prevalent until far later down the road.

It'd be worth talking to the golos guys about how they kickstarted their chain. It's otherwise a trade secret within steemit.

769
Random Discussion / Re: Fork of steem, "calibrae"
« on: October 18, 2017, 08:25:32 am »
What'd be quite interesting would be a sharedrop against many cryptos including Bitshares, perhaps using a zipf distribution to neutralize whales on each platform. Perhaps it'll be as easy as changing the genesis.json file in steem (similar to graphene's process) however it may be more complex than this.

I wrote BSIP-0023 (https://github.com/bitshares/bsips/blob/master/BSIP-0023.md) which briefly mentioned the topic of standardizing the creation of snapshots, I'm interested in your plans for sharedrop & documenting the process for the steem fork.

edit: Oh, hadn't realized you were that faddat - DOA project, lol.

770
Stakeholder Proposals / Re: BBF Asking to be Elected as Approved Spokesperson
« on: October 17, 2017, 07:38:10 pm »
I feel like this is a power grab and won't vote to approve this.

How can the authorities have any impact on the DEX? Gateways and centralized exchanges are the only vulnerable entities, of which BTS is neither.

$50k over 15 months isn't too bad for some of the work which you propose, however mandating that you're the one that dictates what work must be done seems like undermining subsequent worker proposals.

"There can be only one representative for the BitShares blockchain, as otherwise other parties will use this to disqualify all." Yet there are many representatives of bitcoin and nobody cares about that given that those who control it change over time (POW), much like how shareholders change over time.

"Propose changes to the BTS holders in order to become compliant with specific regulations" Care to elaborate on what this means?

If you mean exchanges need someone official to contact, then they can contact witnesses and committee members whilst halting wallets if there's a serious issue. If they're not confident enough to talk to these key members then they're not going to talk to you.

771
Stakeholder Proposals / Re: Compliance Work
« on: October 17, 2017, 07:09:11 pm »
I don't see this as necessary, if witnesses/committee members find themselves in regulatory hot water then they can be replaced with users outside the affected areas.
Only gateways should have compliance concerns, of which that's their business not BTS'.
$50k for getting Bittrex to re-integrate BTS/bitUSD is a bit of a joke, we could get added to multiple exchanges for that much. Besides, DEX > CEX & Bittrex loss has been factored into the price already.
And $50k for every additional exchange that lists a BTS asset? That's mental, most exchanges which charge a fee only ask for a few thousand, let centralized exchanges come to Bitshares than fork out this way.

772
Stakeholder Proposals / Re: BSIP-18: How to easily revive a BitAsset after Black Swan - read for comment
« on: October 16, 2017, 11:40:12 am »
Quote from: pc on October 13, 2017, 09:55:20 pm
We must give 3rd parties (exchanges and other businesses) sufficient time to get notified and upgrade.
2 weeks should be sufficient enough time for anyone to upgrade once we've gained their attention (likely the hardest bit for poloniex, haha!)
I'm just impatient :P

773
Stakeholder Proposals / Re: BitShares October 2017 - BURN %30 of Reserve pool
« on: October 10, 2017, 11:26:18 am »
Burning funds that are already locked away in the reserve pool won't make much difference to the market cap.

What will make a difference is if we spend these funds wisely on development, documentation and marketing.

774
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: October 09, 2017, 02:34:42 pm »
Price feed script changes

  • Created a price feed verification script! Using this, I was able to confirm that the phase was correctly set & Wednesdays line up as the primary Hz day for the next 10 years.
  • Created dedicated python functions for improved dynamic use. Anyone can fork the price feed scripts, change these values and begin publishing price feeds for your issued ABA.
  • Pushed updates to Xeroc & Wackou's price feed script PRs.

Spreadsheet changes

  • Improved timestamp accuracy (now accounts for change in period)
  • Applied new default variables
  • Included proof of phase validity (10 years of wednesdays with only values 0.5, 1.0 & 1.5).

Variable changes

  • Amplitude = 1/3 (No longer 1/2)
  • Period = 28 days (No longer 30.43, to line up with the typical work week).
  • Phase = < 1 day (To make wednesday the primary Hz day).
Community updates

  • I've spoken during the last two (40 &amp; 41) bitshares hangouts about HERTZ.

TODO

  • Poll multiple full nodes for the BTS/USD settlement price, so as to harden script from compromised nodes.
  • Find willing high-frequency (at least a couple times per day) price feed publishers.
  • Improve upon the hertz-verification.py script
    • Output charts within the script.
    • Possibly pull BTS historical data to plot how HERTZ would have faired against past price movements.
  • Further consider the amplitude value (still too high?)
  • Run initially in Bitshares testnet.
  • Wait for BSIP-0018 to go live prior to running HERTZ asset in production.

Best regards,
cm-steem

775
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: October 01, 2017, 06:34:15 pm »
Some interesting ideas:

Creating a Trochoid (https://en.wikipedia.org/wiki/Trochoid) or Cycloid (https://en.wikipedia.org/wiki/Cycloid) ABA.


Creating a Trochoidal wave (https://en.wikipedia.org/wiki/Trochoidal_wave) ABA - "In fluid dynamics, a trochoidal wave or Gerstner wave is an exact solution of the Euler equations for periodic surface gravity waves. It describes a progressive wave of permanent form on the surface of an incompressible fluid of infinite depth."

Alternatively, combining sin waves (wave inference) with different frequencies (calculator: https://academo.org/demos/wave-interference-beat-frequency/)


776
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: September 30, 2017, 04:07:46 pm »
I created an ELI5 worthy intro to HERTZ on steemit: https://steemit.com/hertz/@cm-steem/what-is-the-hertz-algorithm-based-asset

777
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: September 29, 2017, 09:20:39 am »
Once the HERTZ price feeds are in a production worthy state & BSIP-0018 is implemented, would anyone be interested in being a private price feed publisher?

778
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: September 27, 2017, 11:00:38 pm »
Price feed updates: https://steemit.com/bitshares/@cm-steem/hertz-price-feed-script-updates-september-2017

Next development steps: https://steemit.com/bitshares/@cm-steem/hertz-next-area-of-investigation-prior-to-production

779
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: September 23, 2017, 09:23:11 pm »
I've been thinking about HERTZ recently, and thought about what if we simply pegged against BTS and applied the sin wave modifier to that? So the Hertz token would range from 0.5 to 1.5 BTS throughout the month.

Why use BTS as the reference asset?
  • Less risk of force settlement due to BTS (or reference asset) price volatility.
  • Decoupling of BTS from external assets.
  • Less likelihood of global settlement events taking place due to reduced forced settlement risk.
  • Predictable price volatility, enabling risk-free borrowing given sufficient collateral.

I suppose it'd be the same as using bitUSD as collateral to borrow bitUSD into existence, except using the core BTS asset.

Steemit post: https://steemit.com/bitshares/@cm-steem/back-to-algorithm-based-assets-and-targeting-bts-as-an-mpa-s-reference-asset

Thoughts?

780
General Discussion / Re: Bitshares BlockChain Explorer Community suggestions
« on: September 03, 2017, 07:00:43 pm »
What about a prediction market view to promote their use?

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