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Messages - Riverhead

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241
General Discussion / Re: [Ann] Electrons.io Open Beta Testing [Ann]
« on: November 14, 2015, 09:45:52 pm »
You should get this integrated with the wallet by submitting a pull request

good idea! i wonder if we could do this some how hmmmm

 +5%

Maybe some wallet side logic that detected electron-io as the send-to and then parsed the memo field for a valid BTC address? Maybe it then also changes the label from "Memo" to "BTC Address" and the send button is disabled until the BTC address is legal.

242
how do you pull the different wallet balances? What kind of script or cli wallet call are you using for that? I think that would be very helpful to keep track of your own UIA.

Let´s say i want to pay dividends or drop shares i need to know who holds my UIA. Any tips here?

One way is to walk through the 1.2.X objects in a script with command "list_account_balances".
Code: [Select]
list_account_balances 1.2.309
May need to make sure that no fund moving while running the script.


What does 1.2.309 stand for? Is that a wallet? the current Graphene version?

In Graphene there is an object hierarchy. 1.3.x are assets (with 1.3.0 being the core), 1.2.x are account numbers, another one for vesting balances, etc.

243
Technical Support / Re: Restore wallet with Brainkey
« on: November 14, 2015, 02:48:57 pm »

It can be done from the GUI. When creating a new wallet there is a link at the bottom, "Existing Accounts". From there select "Create Wallet" and then "Custom Brain Key (Advanced)".

Reusing his known brain key will restore accounts created in that wallet.

244
General Discussion / Re: Reasons for Lowering Fees
« on: November 14, 2015, 02:16:21 pm »
Trying to break into a business field where the established competition already has razor thin margins is almost a guaranteed failure.  We need to focus on staying profitable and exploiting our niche market of decentralized trading.

 +5%

245
General Discussion / Re: Reasons for Lowering Fees
« on: November 14, 2015, 10:51:09 am »
my good friend  :P
i think bytemaster will find a reasonable level     +5% +5% +5%

This sort of discussion is very meaningful and clayop is doing an excellent job presenting his case. There has never been access to these levers and dials before so there is going to be passionate debate about their settings as we try to define ourselves.

If there was ever a shoe-in for committee member it is clayop.

246
General Discussion / Re: Reasons for Lowering Fees
« on: November 14, 2015, 05:30:31 am »
Too bad our sample size is so small.

Hmmm, I wonder why that is.

More than fees on trades but your point is taken.

IMHO the social good of bts to the repressed masses is true ownership, decentralized governance, and to some degree anonymity. Not a discount trading house.

From a blockchain perspective it's better to have fewer expensive trades than many cheap ones like we see on the crypto exchanges.

From that perspective we're better off courting the E-Trade crowd ( fewer trades with higher fees) than the crypto micro trades crowd. Refunding 99% of the fee for a canceled order is a good move.

Maybe we need one before we can get the other..I didn't know. I just know a large volume of tiny cheap transactions will bloat the chain very quickly.


247
General Discussion / Re: Reasons for Lowering Fees
« on: November 14, 2015, 05:21:25 am »

Let's come at it from a different direction.

- How much does it actually cost a witness to process a transaction?

- What is the storage cost per trade in terms of bloat?

Econ-101 has that graph of price vs volume where the zenith is max profit. Playing with the fees up or down is the only way to add data points. Too bad our sample size is so small.

How low could the fees go before the exchange was losing money per transaction? May be worth a promotional period to spurn adoption.


248
General Discussion / Re: Reasons for Lowering Fees
« on: November 14, 2015, 04:57:25 am »
We won't attract high frequency bots but they don't really fit on a blockchain based exchange anyway.
You're ignoring the percentage fee. IF the percentage fee exist, the order creation fee is always additional.

And who is we? People who believe high fees really work? We should listen shareholders voice.

By "We" I mean that even at one second blocktimes the TPS is still way too slow for high frequency bot traders. Have a look at Yunbi's CNY/BTC pair. It's madness - but granted that is what happens with zero fees which I understand is not what you're proposing.

Which percentage fee? I don't think BTS has one, does it?

249
General Discussion / Re: Reasons for Lowering Fees
« on: November 14, 2015, 02:46:01 am »
We are refunding 99% of order creation fee if it is canceled.  So the cost to create/cancel is very small (just enough to prevent spam).

The end result is that the "order creation fee" becomes a "minimum fee" for filled orders which has the effect of preventing dust orders.

The minimum order fee will probably be similar to a transfer fee, $0.20 per filled order, $0.05 for lifetime members.
Do you really think we can compete with other exchanges and bitcoin with these high fees?
Yes. Although presception counts for a lot at 40bts a trade any trade over $60 in value is cheaper than the standard 0.2%. Add to that the safety of no counter party risk and it's a no brainer.

I'd rather see effort put to marketing the above points than changing to something that appears better.

We won't attract high frequency bots but they don't really fit on a blockchain based exchange anyway.

Also lifetime members get 80% of those fees back.

250
General Discussion / Re: [Ann] Electrons.io Open Beta Testing [Ann]
« on: November 13, 2015, 11:20:15 pm »
Could still be propagating but the site isn't needed to use the service.

251
General Discussion / Re: [Ann] Electrons.io Open Beta Testing [Ann]
« on: November 13, 2015, 10:05:21 pm »

Just ran a test and I have to say it doesn't get much easier. From send time to BTC hitting my wallet was a little over 2 minutes and the BTC received matched the current Poloniex BTC/BTS price.

Well done!  +5%

252
General Discussion / Re: [Ann] Electrons.io Open Beta Testing [Ann]
« on: November 13, 2015, 09:37:01 pm »
"Page not found"

Works fine for me.

NOTE: The account is electron-io but the site is electrons.io. In the ANN post above both spellings are referred to as the BTS account but only one is valid. I've advised them via a transfer memo :) .

253
General Discussion / Re: Ldger - Marketplace Lending Is Exploding
« on: November 12, 2015, 11:14:51 pm »



 Jump on coin base and it's obvious. I think our front end needs the work and perspective from a user who is not a dev.

It's important to recognize that Coinbase's UX was developed independently from Bitcoin devs. We should be after Moonstone not Cryptonomex. IMHO they should be focused on the protocol - the stuff that currently only they can do.



255
General Discussion / Re: BitShares TL;DR. Explain in one line
« on: November 11, 2015, 11:24:25 pm »

Bitshares is a decentralized exchange for market pegged and user issued assets utilizing delegated proof of stake to secure the network.

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