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Messages - Riverhead

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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.


Was great to see some new faces and to have some action on the dex. Looking forward to the next...

Thank you [member=37127]JonnyBitcoin[/member] for organizing this event and thank you to everyone that showed up. This is truly an amazing platform we have here.

General Discussion / Re: Annoying problem matching orders
« on: February 25, 2016, 09:17:16 pm »

Fantastic! This bugged the heck out of me :).

I am in direct contact with their devs and they haven't not complained about the patched version ..
Cool. Hopefully they are back up soon. Looking at the yun-muse account there are millions in limbo.

MUSE 1.0.160219 release should fix Yunbi's problem.

yunbi say  it's still not work

What isn't working? API?

Muse/SoundDAC / Re: Peertracks Muse Slack (Unofficial)
« on: February 25, 2016, 02:49:31 am »
If we can integrate with IPFS, that would be cool, you know, when they get their filecoin system up and running.
There's always Storj.

General Discussion / Re: dShares Name discussion
« on: February 24, 2016, 04:36:49 pm »
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.

Muse/SoundDAC / Peertracks Muse Slack (Unofficial)
« on: February 24, 2016, 12:04:30 am »

We've had good luck with slack on other projects (Graphene, Bitshares, Maker, Nullstreet, etc.) so I figured I'd set one up for Muse. Anyone is welcome - feel free to share.

Muse/SoundDAC / Re: Yunbi problem with Muse deposit
« on: February 23, 2016, 11:11:11 pm »

Muse/SoundDAC / Re: Yunbi problem with Muse deposit
« on: February 23, 2016, 08:14:16 pm »
Hmm. All of these things are up for me. Only thing not working for me is Yunbi muse deposits.

General Discussion / Re: Looking for Most Concise Rationale For SmartCoins
« on: February 23, 2016, 05:51:29 pm »

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.

(more later)

Muse/SoundDAC / Re: Yunbi problem with Muse deposit
« on: February 23, 2016, 11:48:15 am »
metaexchange also down.... Lol

Metaexchange looks like it's up to me. What issue are you having?

Openledger / MUSE->OPEN.MUSE issue
« on: February 23, 2016, 11:09:43 am »

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


General Discussion / Re: dShares Name discussion
« on: February 23, 2016, 02:58:46 am »

General Discussion / Re: dShares Name discussion
« on: February 21, 2016, 04:55:57 pm »
The free market is free. Not everyone has to support the fork idea but would be nice if we didn't devolve into protectionism.

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