Quote from: bytemaster on October 19, 2015, 08:38:07 pm

Over 800,000 BTS reduction thus far!

Nice!

Take that central bankers!

I think its a great idea! Its similar to non-fungible CFDs that I talked about a while back.

Under this system going long on a BitAsset would not give you a fungible / exchange tradeable asset - its just a CFD. I think thats GOOD. If 90% of BitAsset holders just want to get exposure to dollars/gold, and dont want to use that BitAsset as a currency, then they dont need fungibility.

The drawbacks of fungible BitAssets is that the shorts are always at a disadvantage, resulting in less liquidity. This is what BitAsset traders care about the most, and lack of liquidity is our biggest problem.

@Bytemaster: how about having 2 types of markets: the existing type with fungible BitAssets and a new type where both long and short trades are totally symmetrical? (Assuming the 2 types could not co-exist in the same market).

I agree, but what % of BTS being sold to drive down the market is from shorts, and what % is just from whales which no one can do anything about?

Market making for liquidity is currently pointless if most people's BTS are tied up in old 0.9 accounts because the migration is too complicated & buggy.

Good question. If the command line was put into the webwallet then we could easily find out.

I just tried to run the cli_wallet to find out but it crashes the witness node.

So each gateway will have to create own SomethingBTC? That would be insane!

This is so overwhelming even right now with: BTC, bitBTC and TRADE.BTC. People will not use it because they will not understand it.

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Blocktrades is run by people who have commit access to the BitShares repositories.

Is that mean, that gateways would be only govern by people with commit access to BitShares? This seems to be a huge abuse of power.

I dont think its like that - Metaexchange is being integrated soon.

Yes it is confusing - all the gateways should be focusing on depositing into BitBTC.

It would be better to raise fees on BTS transfers to allow the network to benefit from all those transfers to/from poloniex.

Lets face it all transfers at this point are just to/from an exchange by people who either want out of BitShares altogether or are transferring to their own wallet for the long term. Its not facilitating any real merchant activity at the moment. Either way they wont mind paying a fee of around 50 BTS.