I’d like to mention btsbots. Marko and I started a room a while ago with the simple purpose of solving liquidity on the dex. From this room the bot proposal room was started.

In the liquidity room we have over 100 members now, btsbots is so hard to use I’d bet there’s less than 5 people in the room actively using it and these are some of the keenest people to provide liquidity in the community. All we talk about is btsbots and staggered orders, sometimes arbitrage. Jonny bitcoin has made a video guide, I have written a guide. Still we don’t know for sure what it does. How many years has btsbots been around? How few people are using it? Know about it? How little liquidity is it providing. To say btsbots is adequate to provide serious liquidity to the dex is naive and very unrealistic.

Btsbots only works on some markets and is only one strategy. The bot we are proposing will be available on ALL markets, even user created asset markets.

I hope that clears up why btsbots is a great toy to play with and not a good tool to work with. We are talking about providing serious liquidity to the whole dex. Not some chump change to one market. We need billions in liquidity.

Suggesting btsbots as adequate for this task, is quite frankly, a joke.


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Btsbots already does pretty much what you describe, and they did not ask for funding through worker or other way. Sorry bro, but you have a tough competition here.

Bts bots is not easy to use and no one knows exactly what it’s programmed to do, for example it doesn’t work from the midpoint it works from the settlement price. This is not ideal. In active markets we need the option to work from a calculated mid point.

The point of the worker proposal is to provide liquidity providing tools to the masses so that everyone can help increase liquidity on the dex. Btsbots will never provide this. Also in the proposal it offers two additional liquidity providing strategies that btsbots does not offer (triangle arbitrage and staggered orders).



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This is great to see ineffective exchange price feeds removed.


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Awareness is another, we could all start posting on https://www.tradingview.com/  and similar sites making traders aware of Openledger  and Rudex

This is a fairly simple but good idea, also etoro. It has a lot of noob users looking to buy bitcoin that don’t know how. They have a good forum/ chat room thing on their app. Few of us should start sharing posts on how bitshares is safest best way to trade crypto


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Quote from: pc on September 15, 2017, 03:21:59 pm

Quote from: JonnyBitcoin on September 15, 2017, 02:00:54 pm

We need a massive dedicated account used exclusively for creating BitUSD and BitCNY. 
It should be funded by a rolling worker proposal.

We have discussed this more than once. It is not the purpose of the reserve pool to take the risk away from traders.

Yes, and everytime it is discussed most people agree that something like this needs to be done.
Worker proposals are for anything that helps bitshares grow and improve and having a large supply of well collateralised BitUSD and BitCNY would reduce the chances of a black swan.
Theres obviously an issue with lack of BitUSD/BitCNY when looking at those margin calls that were coming in.
If either BitUSD or BitCNY did black swan how do you expect bitshares to recover from the the damage in reputation it would suffer if the peg failed.

I kind of agree with both of you at this point, I agree with Johnny it’s needed but don’t think our pool funds should be used for interfering in markets. There’s no law on this and a worker proposal should be raised and put to vote.


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Quote from: bitsharesbagholder on October 22, 2017, 09:49:00 pm

I propose we all forget about the "I think someone else better than me should do it", because at the end, nobody does anything but wait and hope someone else will do it for them.

if you think you can't do a thing, then let's focus on which thing we could do our self and in the short-medium timeframe

Great idea.

You can start by retiring this account.

We know what a "bagholder" is... it's someone left holding the bag, often "stuck" holding it.

It's ironic that you want to focus on short-medium time frames.  I suggest you choose a forum alias, without a negative connotation to it.  That would be an awesome start.

Haha he has a fair point, the name bagholder not a good advertisement. Improving marketing for you would defiantly start here [emoji23]


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Quote from: Crypto Kong on October 22, 2017, 07:17:13 am

Me neither but I had an idea the other day... Ark, in there slack channel do an AMA hour (ask me anything) for other coins. Then post a transcript to their Reddit. It’s quite popular. I’ve passed stans contact details on to DR10 a prominent community member and delegate. Anyway.... my idea, we could do a tour of popular slack channels doing an AMA to “keep the wider community updated”

What do you think???


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 I think this is a great idea. Moreover, it can be done even without any outsider marketer's intervention. As @fav previously said, this place is run by developers, so there are a lot of folks who know plenty about inner workings of the system.
 By marketing efforts I meant SEO, articles in popular magazines/papers, plugs by celebrities, weekly trending on twitter... Stuff like that. All of which are meant to increase the exposure. Your idea is also a great way to get exposure, so I'm all for it.
 Just need to get some devs on board and figure out an incentive - pretty sure they are busy folks as it is, they'll want to be paid

Perhaps if we use our contacts throughout the bts community to reach out to other communities we could return the favour and allow them to do AMA in our channels? If we get things organised it could be simply an hours work for a dev to answer some questions. Payment could be put through worker proposal easy that way just for an hours work.


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