Beautiful. My only objection is with the 110% collateral requirement. What is the harm in SIDEBTC never being redeemed for BTC? The bitBTC would live forever collateralized with SIDEBTC. Since it's a 1:1 pairing there is never a chance of the two being worth different amounts and therefore would never have a need to be called. If the borrower lost the private keys to their signing account on the collateral then the bitBTC would be indestructible. They wouldn't be able to exit that position to unfreeze their BTC but since bitBTC is fungible they'd just need some bitBTC to unlock the same amount of real BTC. Sure the SIDEBTC would exist forever with the real BTC locked up forever but there's no harm in that. People lose private keys all the time - who knows how much actual BTC is unspendable.


Edit: Thinking about it more the SIDEBTC shouldn't require a key held by the depositor or SIDEBTC loses fungibility. Since SIDEBTC can only exist on the BitShares chain there is no reason to have anyone but the witnesses (aka the Graphene engine) able to spend it 1:1 for real BTC.

Fantastic! This bugged the heck out of me .

Quote from: cob on February 23, 2016, 09:29:03 pm

MUSE 1.0.160219 release should fix Yunbi's problem.

https://github.com/peertracksinc/muse/releases

yunbi say  it's still not work

What isn't working? API?

Quote from: Riverhead on February 23, 2016, 02:58:46 am

Quote from: merockstar on February 23, 2016, 02:55:22 am

How about "Liquid"

'Liquid' is nice.  It signifies fluidity. 

But perhaps it needs a simple name to convey the concept of shares in a co-operative, pricefeed-less market-based peg and an interest-paying instrument backed by tx fees.

That's a lot to ask of a name.

New MUSE 1.0.160219 release should fix Yunbi's issue

https://github.com/peertracksinc/muse/releases

Cool.

Smartcoins allow individuals and organizations to store and transact value autonomously. With rules of trade and ownership enshrined and protected cryptographically in a blockchain smartcoins are not subject to the whims of power like fiat. Economic incentives of the free market work to uphold the buying power of a smartcoin without the need for declarative value from a ruling party. The ledger of smartcoin ownership is distributed and immutable; much like sport scores are recorded in many places and over time become impossible to falsify.

Examples:
(more later)

I sent some funds from the MUSE client to openledger-wallet with the incorrect memo. Can they be returned to sender?

Thanks!

The free market is free. Not everyone has to support the fork idea but would be nice if we didn't devolve into protectionism.