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Messages - Thul3

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136
If positions of Chinese holders are issue here, they would just need to spend some time on closing them and moving to bitCNY and it would be very acceptable process - since we don't want to damage anyone but just to restore health to certain parts of blockchain that are becoming very important in real world (future cashless society and importance of stablecoins).

They aren't able to close their positions unless
* majority of bitUSD holders force settle their holdings, and/or
* you found enough money in western to enter positions to replace current borrowers (like what's happening with bitEUR), and/or
* globally settle it (which technically can be done by the committee or witnesses).

If we have BSIP77, this problem can be easily soloved,increase the ICR and lower the MCR.

So what did we do in this mini maintenance?

en, set the force settlement offset to -5%?

Agree on BSIP77

Also posted before that committee funds could be used via force settlement to push up CR so nobody gets harmed when lowering threshold

137
@bitcrab why don't you open your company in cambodia or mongolia ...... ?
Any worse country you want to have bitshares legal for western users ?

Chinese even know where Slovenia is ?Or their history of rule of law ?

stupid and arrogant guy, I really do not understand why @alt set you as proxy.
How did you called me before losing ten of millions of BTS from OMO or your faked feed price BSIP ? A dog ?Telling later it was a failed experiment and its better to make these failure than do nothing ?

Maybe because i don't support crap ,inside deals and have a sense of ethic for all groups on bitshares.

Why did you open your company in Singapore which is a global financial hub ,crypto friendly and regulated country and vote at the same time to have legal representative for westerns in Slovenia which is the opposite?

Is this not a legit question on your voting and support behavior?
Why don't you once in your life ask western members what they want when you decide to vote on matters which mainly effects them or at least apply the same standards you used for your own company and chinese community.


Remember your feed bsip which should be only applied to bitcny based on consenus and was later added to bitusd by you with no consent making western mad ?

Seems you want to dictate them your point of view instead letting them go the route the western commuity wants to go.





138
My reading is that the request by DL is that we transition to non-faked price feeds on bitUSD.

I support this - Abit has flagged up the primary challenge. It could be done via a phased transition to real price feed over a period of X weeks?

That would give time for big debt holders to shift their positions over and also maybe create some volatility / speculation opportunities in the market if people expect some improvement in price during the period.

That's not logic and unrealstic.
Once chinese would start moving back to bitcny it would mean price of BTS on bitusd would get crashed.
Who is going to sell his USD debt for 0.017 usd/bts when majority bought it arround 0.03 bitusd


@bitcrab why don't you open your company in cambodia or mongolia ...... ?
Any worse country you want to have bitshares legal for western users ?

Chinese even know where Slovenia is ?Or their history of rule of law ?

139
@bitcrab: please don't try to play with the parameters of bitEUR. Leave it to the westerns. Thanks.

Where are the Westerns? what have they done with bitEUR? how much bitEUR have they supplied? have they tried to connected bitEUR with EURO? do they really care the business development of bitEUR?

For both BitUSD and BitEUR to be related to USD and EUR in last 5 years this blockchain was missing proper corporate structure and internal legal department for it (e.g. people hired by holders and paid through worker for 10 years to do just that - legal for blockchain and its needs according to laws and regulations).

Having in mind that within very own beginning bytemaster had wrong concept and knowledge on legal, he launched BitShares 2.0 as DAO but structured as DAC - which in real world is actually quite big legal overstep.

DAO (Decentralized Autonomous Organization/s) would be structured as non-profit organization and BTS token claimed as Utility. In non-profit organization there would be no shares and % of ownership would be not tradeable/transferable within holders or in any stock sense. Hence the whole idea behind Stichting BBF, that expensive legal opinion letter and no-action letter from SEC. But if anyone knew that we were...

DAC (Decentralized Autonomous Company/ies) who is structured as bunch of for-profit companies operating and sharing responsibilities on the blockchain (how operation as well as legal and financial ones) and hence the type of a company, holders would be actually able to trade the stocks within the company and own them (shares).

BBF coming to all of these conclusions after taking over responsibility on blockchain is finally re-inventing whitepaper and DAC as Decentralized Autonomous Cooperation, where nobody would be having obligations of legal agreements between each other unless they are written in paper and signed by real identities - which worked for fair part of the blockchain while left other half in dark due to inability to satisfy requirements.

Then last year, Ryan R. Fox as US Citizen had smart attempt to translate DAC into new meaning Decentralized Autonomous Community, where there would be no requirements for legal but was also cutting blockchain even shorter to enable itself for any business agreements.


So, point is - no, Westerners who actively participated blockchain activities were too busy fixing a lot of structure, terminology and legal issues just to maintain it in space. Unfortunately to this day there was no legal clearing for making it possible to happen (listings of BitEUR or BitUSD).

Now, since my legal structuring on my own hand will help these missing processes and abilities to show and use stablecoins in the future, I request/ask on behalf of West that bitUSD as representation of western token and fiat stablecoin (where China/Asia has complete zero legal ability to do anything with it publicly or outside China) for 2nd chance that we westerners do it correct way.

If positions of Chinese holders are issue here, they would just need to spend some time on closing them and moving to bitCNY and it would be very acceptable process - since we don't want to damage anyone but just to restore health to certain parts of blockchain that are becoming very important in real world (future cashless society and importance of stablecoins).



Chee®s

On behalf of WEST ?Strong words because majority is against it even in west.
Can't see any support from west other than BEOS/BBF/CN-Vote(Bitcrab)

140
You care now because somebody invested 5.000.000 collateral who sucked of other peoples debt kicking out many debt holders from biteur and is now the lowest CR on biteur and who has a clear relationship with you.


Taking other peoples debt and kicking them out of debt is not bringing any supply.

You want more supply for biteur.No problem sell your BTS and you will see how quickly it will get eaten.
But instead you take over the debt positions for pure self benefit and nothing more bringing nothing to biteur.
The only think you do is reducing the amount of debt holders getting biteur debt more centralized.

That's all you can do

141
Quote
ok, but this :
Code: [Select]
If (current price >  two-day moving average price) {
  feed price = current price;
}
Else{
  feed price = two-day moving average price;
}

brings nothing new to the case

Correct that's why i voted against it and because we gave the promise after BSIP76 to not touch biteur and bitruble

142
BAIP2 can be helpful during short price drops.
But to fight the abuse of Force Settlement, a good tool is to Delay its execution.
That's why I am asking you to start this tool and increase Settlement Delay from 24h to 42h

delay won't work because there are no bts on the market.Noone willing to sell BTS against biteur.
So the only possibility to accuire more BTS via debt is force settlement.
Delay won't change anything on a non liquid market


Short price drops are also not a problem in biteur.
CR's there are over 4.5


I'm not saying that this is the only possible way.
I claim that this is an important ingredient in the fight against abuse of this functionality. We still have settlement offset available, but this should be as small as possible.
That is why I think that if we increase the Delay to 42h and additionally raise the Settlement Offset, e.g. to 2% 3% (max), it can bring favorable results.

Delay introduces an additional risk element to consider if you want to use this feature. Within 2 days a lot can happen with the price, which is why more people may want to buy BTS from the market at the current market price or slightly higher → and here arbirage occurs, which is why the price increases on CEX


in less than a month we have halving, and with the increasing price of BTC
BAIP2 is irrelevant for situations where Force Settlement is abused

besides, we have 4 popular MPA tokens
let the different settings show us what works best


Delay is increasing risk that's correct but in biteur there is no other option to gain BTS other than force settlement.You can't buy BTS from market as there are no sellers.Increasing offset will only make that price on market will increase to new settlement price or above making biteur more unpegg.


143
BAIP2 can be helpful during short price drops.
But to fight the abuse of Force Settlement, a good tool is to Delay its execution.
That's why I am asking you to start this tool and increase Settlement Delay from 24h to 42h

delay won't work because there are no bts on the market.Noone willing to sell BTS against biteur.
So the only possibility to accuire more BTS via debt is force settlement.
Delay won't change anything on a non liquid market


Short price drops are also not a problem in biteur.
CR's there are over 4.5

144
How is BAIP2 going to reduce force settlement on biteur ?

Would love to understand your thinking.


Voted against.



Quote
bitEUR now suffer great suppression in supply and liquidity by force settlement.

You wanna know why biteur is suffering in liquidity ?
Because thanks to your actions foreigners are not willing anymore to hold bitassets.Everyone selling bitassets quickly against BTS just to get rid of biteur.You can't buy any significant amount of BTS with your biteur as that asset is being seen in foreigners groups as under control of a small chinese group.
Should BAIP2 be implemented you got already the announcement that it will be taken away from the last working foreign gateways which will for sure fix your problem /irony off


Ask any foreigner if he is willing to buy any bitassets which is owned by committee with current situation in committee.

145
General Discussion / Re: @CN-Vote
« on: April 14, 2020, 10:38:52 am »
You destroyed bitassets.Nothing more.
Who from western community is going to hold bitassets which owner is committee and which is being fully controlled by cn-vote ?


You kicked out witnesses who provided infra like es node with your poor voting and now you talk about getting the infra worker atcive because you need an es node.

Best of all you blaming me for that who was only able to rotate last witness position between good witnesses instead of your garbage voting behavior and vote buying.

You want me to publish your PM you sent to me for supporting a witness in exchange for support ?


Quote
surely the leaving of the majority of western community is not I want to see, but that's not the most important factor.

No the most important factor is getting your $5 fee for bitshares and centralizaton of committee and witnesses.
Based on a pol on bitshares tg over a timeframe of 3 months 86% are asking for a fork.This is how bad it is and that poll had many voters and not just a few.

Quote
let me adopt the example that I have adopted several times, In August 1971, U.S. President Richard Nixon announced to remove the dollar peg to gold, the Bretton Woods System collapsed.

You are even unable to understand this actions.This was nothing else as a robbery of money from their citizens.
They prinited money devaluing the existing money for which they got real assets.That was a robbery but you still don't get it

Quote
I'd like to help to push "ES node and infrastructure and CMC and feixiaohao" thing after a fully understanding on this thing.


So you first destroy supportive witnesses and bitshares infra and after that support a $36k worker to fix it and centralize it?
Is this why you voted for refund400k ?





Quote
bitcrab : however kyc is easy ,i don't know why many people hate this so much

DL : Because thanks to some early crypto activists - DEX and Decentralized should mean illegal and anonymous

DL Some of them belive DEX is truly above government just because of the tech.They fail to realise that we run on Internet,which is subject to total transparency when Government wants.


Quote
surely the leaving of the majority of western community is not I want to see, but that's not the most important factor.

If you want the foreigners to fork bitshares (which i'm personly against) to split the community and get a large amount of BTS dumped you are on the right track.

Keep ignoring them and take another failure of your actions .


146
General Discussion / Re: @CN-Vote
« on: April 13, 2020, 09:46:25 pm »
So CN-Vote going to vote for infra worker because we have no more ES Node because of your stupid witness voting ?


No more dilution is not important anymore ?


BEOS is supporting CN-Vote to get a favour vote back to fund BEOS integration via reserve pool.Is CN-Vote going to support it ?

You are aware that majority of western people are not willing to put any major coins to DEX anymore because they have no more trust in gateways and DEX seeing the centralization of power and gateway abuse we had ?


Maybe it would be better if i had not supported BSIP76 to safe the community mainly chinese one when seeing how the chinese currently abuse their voting power they kept thanks to BSIP76.

Mainly the chinese community have been safed which is now destroying the western community with their abusive actions which is destroying massivly trust in the western community.

CN-Vote called BEOS the cancer of bitshares because they upvoted every worker active flooding the market with BTS but you are no better with your centralization of power which makes that bitassets are losing more and more trust that you can't even buy enough BTS for bitassets as noone is willing to hold any bitassets for a longer time with the centralization you created fearing that a small experimental friendly group will dictate the rules about their money.


The worst part is that CN-Vote is unable to admit mistakes and fix it.
Instead i read only excuses and nonsense explanation from some chinese members who tanked bitshares already before with their nonsense BSIPs calling it an experiment.


Worst part is you made fox claim of getting bitassets centralized and unpredictable true.
Committee now in full control of cn-vote/bitcrab/jademont

You just scared off majority of western community to invest in any bitassets or leave bitshares.

Is that the growth for bitshares you are looking for ?


I hope you are able to see and admit these negative effects and change your voting behavior accordingly

147
There is a switch button to unhide the approve button.
It is on default on hide because many scam proposals have been sent out which have been approved from people who didn't know what they actually did

148
Destruction in terms of sending BTS back to the reserve pool ?


based on worker proposal .......yes

149
Stakeholder Proposals / Re: Proxy:B-DEX
« on: April 09, 2020, 04:18:08 pm »
Removed my support from Abit as committee.
He changed the last months dramaticly to no work ethics.

He has no problems with bribes,inside deals,support scam workers (which he admited on tg) and voting not based on how supportive someone is for bitshares but how quite a witness is on scams like the scam exchange.


Here his talk about deciding why a witness should be voted in or out

Quote
dima was spreading hates in the groups, while lafona kept silence. so actually I'd rather vote for lafona

Quote
so vote buyng is fine?

Quote
if the outcome is positive, it's fine for me.


Discussion between another Dev and Abit about paying 2 times for the same audit on the core prelude worker
$75/h to abit and later for the same work 3% of all funding to bbf

Of course no vote buying with reserve pool ?

There is way way more where he is justifying bad actions.These two are just from today

This is exactly how Dima tricked me into a conversation to make me look like a bad guy. That's one of the reasons that I don't like to vote for him.

You often copy paste selectively without full context, which is a shame on you.

I haven't changed. I'm all for pushing forward and making progresses. You had supported this, thank you for that. Admittedly some progresses require compromises. I mainly look at the final results aka the overall outcomes which I mentioned in the conversation. Focus more on the big picture, but not the peanuts.

Rome is not built in one day, we have to go forward step by step, little by little. The spirit of the new core worker is just in this direction, work on the easily achieved things first aka the low-hanging fruits, but not blindly rush into some imaginations of fancy features which require much efforts but don't know who will use or benefit from.

Wish you the best.

Like Bingo asked tell us about the big picture because currently i see only garbage and nothing more.
Getting the old structure and abuse back we had before
Bitcrab/Jademont/ZB/Abit with the help of BEOS.

Would i remove my support from last 2 western neutral committee all what is left are committee from cn-vote and beos.
Very dangerous as they have clearly big diffrences in responsiblity and ethics.

Witnesses like Dima or clockwork were voted out because CN-Vote supports witnesses from BEOS who provide NOTHING to bitshares in exchange to get their witnesses voted up.

What bigger picture do we have here when killing our supporters which provide progress and infra like ES Node in exchange for nothing?

Same goes for committee and the inside deal between cn-vote and beos to vote 3 of their members in exchange to vote members from cn-vote in.
You asking me hours after i removed my vote from jonathan  to keep some neutral members in committee (at the same day you (cn-vote/bitcrab) voted them in as committee showed me you were aware of the inside deal if not even took activly part in it.

Haven't seen Liondani or Evangelist participating in committee since you voted them in.
Chinese committee members are only in their own closed group not even in the committee wechat group which have been created and are only voting when bitcrab creates a proposal.

So what is the bigger picture here ?That bitcrab doesn't need support of committee anymore to change something but just ask chinese committee members from cn-vote to approve something without any discussion outside of cn-vote closed group ?


A small chinese group clearly misusing the votes from ZB for their own agenda.
What is the bigger picture here ?


You talk about compromise ?
Which compromise did the chinese group do when dictating 100% of core roadmap without consultation with rest of community ?
The core prelude work is crap.
Irrelevant to bitshares at this stage.

So what is the bigger picture other than dividing the community forcing the rest to accept only your own vision which bitcrab proofed in the past already multiple times to be wrong.

What is the bigger picture to support scam exchanges at all cost where the community was clearly divided and you knowing that volumes are total fake ?

Are you sure chinese are able to make anymore good decissions ?

Am asking because since old leadership from cn-vote got kicked out when raising their concern about the wrong route cn-vote is going i saw not a single action from cn-vote which would uphold the standards of old leadership.

All i see are inside deals,scam worker support and forcing the whole community to accept the view of a small chinese group.

You say you have majority of votes.
I disagree you buy votes.You are not better than BEOS.BEOS is supporting cn-vote ONLY because they hope to get a favour vote back from cn-vote to fund the integration of BEOS via bitshares reserve pool.

So you don't have the majority of community.You are vote buying and nothing more.
Also the diffrence between active worker and not is just 30 million votes even you bought votes from BEOS.


But i'm happy to hear the bigger picture which i'm unable to see.
I guess i can't see that a $5/day profit from fees is going to bring bitshares forward.

People lost trust in gateways and you focus on taking fees on the last 2 signifant gateways we have.


What i see is a dangerous situation where committee is now in full control of cn-vote and witnesses being replaced based on inside deals for selfish profit only.You are destroying bitshares infrastructur by doing this.

After that i see support of scam workers and most disgusting a cowork with some people from cn-vote and beos to get their integration funded for the benefit of BEOS owners ONLY....


But hey i don't see the bigger picture.........waiting for you to explain us the bigger picture


Btw how come cn-vote and ZB added simultanously their votes for BEOS witnesses when making an inside deal ?

ZB being driven by a high ranked chinese member aka bitcrab ?


Also i would like to ask since bitshares is a trustles decentralized project why cn-vote is supporting centralization of bitshares giving power to one person ?


A single person holding on bitshares

Domain
Brand
Legal
Core
Infra
New Forum
Escrow
Move Institut

makes bitshares decentralized  ?

150
General Discussion / BTS repurchase destruction proposal voted active
« on: April 08, 2020, 12:15:39 pm »
[poll] BTS repurchase destruction proposal has been voted active for over a week.

Proposal should get immedently implemented.

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