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Messages - sahkan

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226
General Discussion / Re: Lets bring " earn x% interest on 'anything' " back to Bitshares!
« on: April 13, 2017, 03:37:30 pm »
Quote from: chryspano on April 13, 2017, 09:56:24 am
Quote
...are backed 100% by actual assets in our reserve account.

lol, what could possible go wrong here?
Yes, a lot. I don't negate that.

227
Stakeholder Proposals / Re: [Witness Proposal] openledger-dc
« on: April 13, 2017, 07:18:20 am »
That is great! I believe the platform needs a strong pool of witnesses both standby and active.

I would be interested in seeing the witness proposal from your technical team on how exactly do you plan to deploy the 8 servers? Are you talking about running nodes on each one of them?


228
General Discussion / Re: Lets bring " earn x% interest on 'anything' " back to Bitshares!
« on: April 13, 2017, 07:08:22 am »
Quote from: yvv on April 12, 2017, 06:10:12 pm
Quote from: sahkan on April 12, 2017, 05:35:20 pm
Quote from: Pheonike on April 12, 2017, 08:17:23 am
Quote from: sahkan on April 12, 2017, 07:59:37 am
Quote from: alt on April 12, 2017, 05:37:19 am
I want 1000 SILVER without interest even -1% interest, can anybody sell SILVER to me?

you don't need to encourage the shorter or the longer, you need to encourage the traders, reward the traders.
liquid is the real problem we need to resolve.
with good liquid, more people will accept holder bitasset, more people will accept shorter bitasset. this is what happened today in bitCNY/bitUSD

I will ask people borrow CNY/USD/SILVER..., and be a market maker in pairs: CNY/USD, USD/SILVER, CNY/SILVER,
and this will give you more profit than the poor interest.

Most new comers to DEX do not understand very well how bitAssets work. For example in my mind BitSilver should be backed by Silver (not BTS) and a broker of that asset should provide liquidity (maybe 1% over and 1% under the spot price for buy/sell). If I can't buy and sell at the current real market price or get that silver shipped to me, then what's the point of holding it?
You want exposer to the value of silver not the actual metal. If you truly want silver go out and buy some physical silver. That applies to all the assests on the DEX. You are exposed to the underlining assets value, not physical properties. These are derivatives. Also if the value depended on a 3rd party having the physical good then that introduces counterparts risk and adds centralization which is goes against being a DEX.

Sent from my SM-N920T using Tapatalk

No, I don't want exposure to the price. I want to invest in an asset, so if get USDT I am sure to get $1 for my 1 USDT because it's backed. On the other hand if I get bitSILVER I am making a bet that it will go up and since I can't get real silver out of it it's not really an asset, is it?

Yes, it is really an asset. No, it is not silver or something backed by silver. It is an asset which value is pegged to value of silver.

I know some of the long time members here have strong feelings about bitAssets, I am not trying to change that. But atm I don't see it as an asset.

And here is some other people view it: http://coinjournal.net/what-is-a-bitasset/  A bitasset is basically a derivative built on top of a cryptocurrency through the use of smart contracts. As a simple explanation, it’s useful to think of it as a bet...

229
General Discussion / Re: Lets bring " earn x% interest on 'anything' " back to Bitshares!
« on: April 13, 2017, 06:57:13 am »
Quote from: fav on April 12, 2017, 05:50:07 pm
Quote from: sahkan on April 12, 2017, 05:35:20 pm

No, I don't want exposure to the price. I want to invest in an asset, so if get USDT I am sure to get $1 for my 1 USDT because it's backed.

wrong, tether is not backed.

Quote
PURCHASE AND REDEMPTION OF TETHERS: The Site is an environment for the purchase and redemption of Tethers. Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency.
There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.

@fav I like your attention to detail. But ...

All tethers are pegged at one-to-one with matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by actual assets in our reserve account. As a fully transparent company, we publish a real-time record of all value held and transferred in and out of our reserve account.

Tethers can be securely stored, sent and received across the blockchain and are redeemable for cash (the underlying asset) pursuant to Tether Limited’s terms of service.

What you quoted is their Term of Service where they state that they do not have a contractual obligation to exchange USDT to any currency. But that does not change the fact that it is still backed 1 to 1.

230
General Discussion / Re: Lets bring " earn x% interest on 'anything' " back to Bitshares!
« on: April 12, 2017, 05:35:20 pm »
Quote from: Pheonike on April 12, 2017, 08:17:23 am
Quote from: sahkan on April 12, 2017, 07:59:37 am
Quote from: alt on April 12, 2017, 05:37:19 am
I want 1000 SILVER without interest even -1% interest, can anybody sell SILVER to me?

you don't need to encourage the shorter or the longer, you need to encourage the traders, reward the traders.
liquid is the real problem we need to resolve.
with good liquid, more people will accept holder bitasset, more people will accept shorter bitasset. this is what happened today in bitCNY/bitUSD

I will ask people borrow CNY/USD/SILVER..., and be a market maker in pairs: CNY/USD, USD/SILVER, CNY/SILVER,
and this will give you more profit than the poor interest.

Most new comers to DEX do not understand very well how bitAssets work. For example in my mind BitSilver should be backed by Silver (not BTS) and a broker of that asset should provide liquidity (maybe 1% over and 1% under the spot price for buy/sell). If I can't buy and sell at the current real market price or get that silver shipped to me, then what's the point of holding it?
You want exposer to the value of silver not the actual metal. If you truly want silver go out and buy some physical silver. That applies to all the assests on the DEX. You are exposed to the underlining assets value, not physical properties. These are derivatives. Also if the value depended on a 3rd party having the physical good then that introduces counterparts risk and adds centralization which is goes against being a DEX.

Sent from my SM-N920T using Tapatalk

No, I don't want exposure to the price. I want to invest in an asset, so if get USDT I am sure to get $1 for my 1 USDT because it's backed. On the other hand if I get bitSILVER I am making a bet that it will go up and since I can't get real silver out of it it's not really an asset, is it?

231
General Discussion / Re: Adjusting how bitshares fees get distributed.
« on: April 12, 2017, 08:10:17 am »
How about other options like:

Current fee allocation:               Proposed new fee allocation:
20% -- network                            20% -- network
80% -- referral                              70% -- referral
                                                      10% -- Dividend to ALL users (exchanges - question mark)

If the value of BTS goes up, we should be able to scale back on the witness/worker pay thus boosting the reserve pool.

232
General Discussion / Re: Lets bring " earn x% interest on 'anything' " back to Bitshares!
« on: April 12, 2017, 07:59:37 am »
Quote from: alt on April 12, 2017, 05:37:19 am
I want 1000 SILVER without interest even -1% interest, can anybody sell SILVER to me?

you don't need to encourage the shorter or the longer, you need to encourage the traders, reward the traders.
liquid is the real problem we need to resolve.
with good liquid, more people will accept holder bitasset, more people will accept shorter bitasset. this is what happened today in bitCNY/bitUSD

I will ask people borrow CNY/USD/SILVER..., and be a market maker in pairs: CNY/USD, USD/SILVER, CNY/SILVER,
and this will give you more profit than the poor interest.

Most new comers to DEX do not understand very well how bitAssets work. For example in my mind BitSilver should be backed by Silver (not BTS) and a broker of that asset should provide liquidity (maybe 1% over and 1% under the spot price for buy/sell). If I can't buy and sell at the current real market price or get that silver shipped to me, then what's the point of holding it?

233
General Discussion / Re: Lets bring " earn x% interest on 'anything' " back to Bitshares!
« on: April 12, 2017, 03:17:07 am »
You have some interesting thoughts here for the way ahead ... So I thought maybe I will chime in as a new guy on the Bitshares scene. Has anyone of you done Amway? Well, it's a door to door MLM company selling cleaning supplies (and a lot more now days) but if you ever did it, they would ask you to listen to these success stories. I remember on one of the tapes the guys says, "I met guy X, recruited him and he quit, but before he did he introduced me to Y, and Y quit, but before he did he introduced me to Z and a month later Z went DIAMOND (build a sizable network)."   The point being let the system work  itself out. The Bitshares referral program has a very good structure that if properly advertised and taken advantage of, can create a stream of revenue for the users and increase the use of the exchange. It might catch on when people least expect it.

I could also see support for a dividend to all BTS holders (again a small adjustment, so no more than 10% of the fees) - the question here is how would we handle distro to exchange accounts, and would excluding them be the right thing to do?
The advantage of distributing the dividend to all BTS holders is that it would encourage them to keep their BTS on DEX and trade there vs centralized exchanges where they would not get any dividends on their holdings.

In all, I would be very careful of introducing any drastic changes and new fee structures until we start taking full advantage of what is already in place.

234
Technical Support / Re: Using cli_wallet with remote server
« on: April 06, 2017, 03:23:30 am »
Quote from: roelandp on April 02, 2017, 06:43:53 pm
HI Mostar, I noticed the same error on one of my servers.... it happens to be a conflict with UFW / Iptables to my best guess...

I have not yet debugged it, since I managed to run the cli_wallet with local ws connection on the other server. On the not working server the aformentioned suggestions using a trusted wsS remote websocket does work as well.

Looks like that is it most likely. I was able to recreate that on my server and got the same error. To get it working again I had to disable ufw AND reboot the server, it connected right away after that.

235
General Discussion / Re: Liquidity, Liquidity, Liquidity
« on: April 03, 2017, 03:23:37 pm »
Quote from: ccedk on April 03, 2017, 01:23:38 pm
hello sakhan,

I am happy to tell you peercoin is already on OpenLedger and I would be ahppy to see liquidity added to the markets?

welcome

regards

Ronny Boesing
CEO
OpenLedger

Is that under OPENPPC (PPC showed up there)? There is also something called PPCNY?

236
General Discussion / Re: Liquidity, Liquidity, Liquidity
« on: April 02, 2017, 10:18:02 pm »
Quote from: JonnyBitcoin on April 02, 2017, 05:22:41 pm
Quote from: mea123 on April 02, 2017, 02:02:02 pm
Quote from: bitcrab on March 10, 2017, 07:53:46 am
anyone can persuade polo to open a BTS/USDT pair? that will help a lot.

I would, but dont even know what is POLO
more info please

Poloniex is a crytocoin exchange.

We should lobby them to add USDT/ BTS, anyone know how?

Way back then, when Poloniex first started I asked one of the founders to add Peercoin to Polo, he was very receptive to the idea and told me it would be added shortly (and it was).  Now that they have grown so much it might not be as easy as an email but I will put it on my "to do" list. On the same list I have that I need to engage Openledger to add Peercoin to DEX. @ccedk

237
General Discussion / Re: Bitshares price discussion
« on: April 02, 2017, 10:00:13 pm »
Interesting day today on the BTS markets. POLO had some connectivity issues. Also trading on DEX today, I noticed that some trades were not executed or updated properly. I saw the asking price match the buy price and the trade was not happening. (about 50 minutes ago on BTC:BTS at 0.00000912)

238
General Discussion / Re: Why only #3?
« on: March 30, 2017, 04:02:11 am »
@tbone

I think you misunderstood and read too much into it. All I said was that we need to improve the trading interface (opinion) to move up in rank and attract more traders. The interface gets improved all the time so that's great!
Here is an example of a features rich Forex Trading platform:

239
Technical Support / Re: Using cli_wallet with remote server
« on: March 29, 2017, 10:41:06 pm »
I have not had a chance to recreate it but try adding the port number at the end:

./programs/cli_wallet/cli_wallet -s wss://bitshares.openledger.info/ws:8090

240
Technical Support / Re: Setting Up a New Witness Node
« on: March 29, 2017, 04:09:14 am »
@JonnyBitcoin
Thanks! I appreciate your confidence and the tip. You can have my votes as well if you ever need them.

@rnglab
The websocket exposure was only during the initial synch (per the docs guide) but I will skip it on my next build. Thank you.

So the 8GB was an initial recommendation I found browsing through the forum. My build uses 16GB and it's pushing its limit. I am looking at 32GB for my final build (aiming at a 2 year life cycle)

@alt
I meant this threat to be a guide for people to help secure the network, I am not even soliciting anything. I will write my witness proposal later when I get done tuning it and get the final build.
But I guess there is always a hater so to answer you quickly:
- about 'bue' - I like swiss cheese
- Running a witness is a RESPONSIBILITY and I would think that it is in community's interest to build a pool of capable witnesses, both active and standby
- If you keep hating on every new comer, you will not be able to grow this community
- and as far as the active witnesses go, they are mostly voted in by two people only
Feel free to look me up on https://bitcointalk.org or https://talk.peercoin.net/


@tbone
Thanks

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