Good idea

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We've had a thorough discussion of this in the chat yesterday, and here are some points:

C. First use the funds to revive GS markets.

A lot of people believe that the GS events happened due to market manipulations by OMO and BSIP42 exacerbating the situation, as modified feeds disincentivised buying out of margin call orders.

As for how to proceed further:
Liquidity providing via dexbot sounds like an interesting idea, but we need clear rules on how it is going to happen, and automated contingencies on what to do when market begins rapidly falling or rallying. On traditional exchanges, liquidity providing works like this: MM is obligated to keep preset amount of liquidity in the books, until certain volume obligations are met. Then it can remove one of the sides.

Before we even start, we need to agree on what percentage of the funds can OMO use daily, and do a daily check if it was profitable or not (which is okay).
In our case we need something like that to happen once the market begins moving, for example. Bot places 30 orders on both buy and sell sides, but starts removing them from one side in case 10 of them are taken on one side, without getting an order taken from the other side (or something like that).

During sideways market provision of liquidity might be profitable. During movements contingency rules would limit the amount of loss. In case of profits I suggest some of them are taken and put back into the reserve pool, with the rest going to OMO fund, and its percentages readjusted accordingly.

If the strategy for the OMO is explicitly talked about, and clear then I would support such decision but not before.

The DEXBot staggered orders strategy basically places buy and sell orders in a given range lets say $0.03-$1.00 at say 2% increments, these orders would stay on the books as long as the operation continued. Every time a sell order is filled it is replaced with a buy order 2% lower. Profits get compounded which increases order sizes, making the strategy more profitable. Which basically means that the longer the strategy runs the more liquidity will be provided on both sides of the book via increased order sizes. If price wants to pump (or dump) it has to fight through added resistance of the DEXBot orders, once it fills those orders they are replaced with ones on the other side. Resistance turns into support. This helps to stabalise the market by resisting price change. More liquidity, more stability.

The longer the operation runs the more liquid and stable the market becomes, once we have solid foundations in place we can then start talking about advancing market operations to more sophisticated strategies such as perhaps increasing smart coin supply. Until we have solid foundations, there is little point.

The only real consideration for setting up a staggered orders strategy is the range in which you want it to work, the last thing you want is price leaving the range you are set up in as then there are no orders providing liquidity around the price, no accumulation and increasing of order sizes and no resistance to price change. With it being a long term strategy, it is pretty simple to select a range that price stays within.

I have a better idea. Forget about OMO and turn off market fees on bitassets.

With the use of DEXBot staggered orders all market fees would be turned into liquidity providing orders which continually increase in size through the compounding of profits from the back and forth of price.

This is the simplest, safest, most efficient way forward for open market operations.

Anti-dilution will help increase BTS price, support! It's good for all of you who are holding BTS, I don't understand why you are against alt

Dont be so naive. "Anti-dilution" might make sense if development didnt come to a stop and public nodes werent shut down but it will and they will be.

If this proxy really cared about BTS price then tell me... What is it doing to support price? Why are there no bids to revive bitUSD? One of BitShares prized assets. Surely the revival of this asset and re enabling of the borrowing function would have a positive impact on price?

If price of BTS is the issue here, which it must be, then why are we not talking of ways to add value to BitShares. Instead this proxy aims to cut off BitShares arms and legs.

This is sabotage and nothing more, they are not interested in doing anything good

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I'm happy to see a marketing proposal. Start small, grow from that. I understand using twitter might be argueable, but it's a reasonable start.

Question I have is how to establish an "official" bitshares marketing brand, that is sanctioned through a worker proposal, and also how to indicate that properly.

I'm not sure I understand what you mean by establishing an official marketing brand... Glad to hear that you are open to at least attempting some social media marketing, starting small and seeing how we get on. It's a step in the right direction IMO, we cant just carry on doing nothing.

Fractional reserve CNY here we come!

You need coindesk to carry it.

Look at this article that Edan Yago wrote:
https://www.coindesk.com/there-is-no-bitcoin-what-the-sec-doesnt-get-about-cryptocurrency

...do some more research, the guy isn't really a journalist. Click his name, he does 1 or 2 articles a year.

But his opinions were published. His CementDAO was featured at the top of the article "for free".

Coindesk (which a lot of people read) rarely reports on Bitshares -- whether we think we're important or not. That is because we haven't followed this:

https://docs.google.com/document/d/1KDyOEwISAR9UWDa7qP-Gg5-Nm0wvBFT_IlgqboxXbco/edit

Simply blogging, and sending out tweets, requires you to build your own following.   Take an existing following and get those eyeballs to see what you have to write about... coindesk gives free advice on how to get that done.  Other publications will tell you how to get it done there too..

I agree we need to pay for publications on these "news sites" that would definitely be an option IMO.

With regards to Twitter, a paid campaign is very cheap and reaches large numbers of users and you can set it up so you only pay for link clicks etc. So we would only be paying for people who actually read the articles. No need to build up a following.