Quote from: valtr on April 12, 2017, 06:19:06 am

Quote from: logart on April 12, 2017, 06:04:06 am

This thread is old but the author of this thread is right, traders need leverage to make profits, if you want mass adoption in the DEX you'll need to attract clients. Offering them liquidity and leverage are two things that bitshares lack of.

IMO the problem is that if you loose money with a broker account, you will have to pay. If the leverage is an BitShares algorithm,  the failure will be at expense of BitShares.

You can code a negative balance protection that will automatically stop the user out when he is losing 80% of his account. Also, you can disallow clients to leave positions opened on weekends in forex and commodities. Crypto is 24/7 market so you don't need that. Forex and commodities are 24/5 markets. Also we have a reserve pool.

Disallow clients to leave positions opened on weekends in forex and commodities is a very good point. I remember well the gaps after weekend.
Regarding the stop out at 80% of an account value it may not work at any circumstances. Just remember trading Swiss franc after the announcement of Swiss central bank.
It was very near to a black swan event I admit, but such thing may arise easily every year. USD, oil, gold any other fiat (also crypto off course )may come with a lightening speed change and let accounts ruined.
Maybe trading fees can earn enough to cover it??? I do non know.
ANYWAY leveraged account would be a big invitation for traders.   

This thread is old but the author of this thread is right, traders need leverage to make profits, if you want mass adoption in the DEX you'll need to attract clients. Offering them liquidity and leverage are two things that bitshares lack of.

IMO the problem is that if you loose money with a broker account, you will have to pay. If the leverage is an BitShares algorithm,  the failure will be at expense of BitShares.

Quote from: sahkan on March 30, 2017, 04:02:11 am

@tbone

I think you misunderstood and read too much into it. All I said was that we need to improve the trading interface (opinion) to move up in rank and attract more traders. The interface gets improved all the time so that's great!
Here is an example of a features rich Forex Trading platform:

this looks like fun!

Trading interface is very important for traders. If someone is trading for living needs a reliable toolbox to trade on.

Upvoted   

thank you

Quote from: yvv on September 27, 2016, 01:06:22 pm

Yeah! Here we have a castrated Open Ledger clone. So cool!

What was that $0.5M crowdsale for?

LOL!

You thought that they were going to show you their proprietary intellectual property before they had a functional decentralized blockchain humming along smoothly!

You slay me!

ROFL!

Looking at BitShares DEX price of PEERPLAYS:BTS I would say the Testnet is OK.

Quote from: valtr on August 17, 2016, 07:07:35 am

Quote from: JonnyBitcoin on August 17, 2016, 06:43:54 am

Quote from: KenMonkey on August 17, 2016, 01:12:04 am

As far as I can see this wont relieve selling pressure on BTS and it would increase the inflation.
     1.1. To create 1 bitUSD it takes 3x BTS, which means we'll be putting 3x BTS into the total supply.
     1.2. If workers want to sell their earnings, they will. If the demand for bitUSD is X then it will stay the same. Workers can and should trade their payments in BTS for bitUSD as they get it, now that would relieve selling pressure, increase liquidity and ensure the workers' compensation is fixed.

If the blockchain collateralized bitUSD into existence then where is the collateral? To me it seems the blockchain voting and payment can only pay in the core token. 

Would it really encourage traders to trust the system more if liquidity was provided by automated process rather than real activity? I suppose it might actually... but to an already complicated (but amazing) platform to add further complexity and a complex hard-fork seems like a bad idea.

What we could really do is fix the damn blockchain explorer showing ZERO volume for the bitUSD:BTS pair. That's an easy fix to generate more volume! Let's use the thousands of dollars already there! As traders start using bitshares to store value safely or to short the USD we wont have to worry about problems like this.

There is a reserve pool of "unavailable" BTS see here: http://cryptofresh.com/reserve
Currently just over a billion BTS
This fund is used to pay workers at a max rate of 14,677 BTS per hour but a lesser rate is usually elected.

Instead of paying a max rate of 14677 BTS per hour I am suggesting the max rate per hour is the equivalent value but in BitUSD.

If the backing collateral was from the reserve pool it wouldn't have a net inflationary value outcome because they could only force settle for 1:1 value.
The 3:1 dilution which you mention would not be expanding the supply of BTS because the collateral would be returned to the reserve pool in the event of a force settle.

I am afraid that it does not solve the problem of selling bitUSD by workers. Workers and witness sell to get fiat. Maybe part would be sold directly on bitUSD/USD market instead in bitUSD-BTS-USD order.  It would be better for BTS, but the only solution I see is bitUSD commonly used for trade see BitShares Munich project.

I think you misunderstand. You say "the problem of witnesses and workers selling their BitUSD for BTS"
This is actually the benefit.
Witnesses and workers would most likely sell their BitUSD to others, this means there would be a bigger supply of BitUSD for others to buy.

I see, there will be other source of bitUSD for sale than the one from shorting. The offer of bitUSD will rise.

Well the title is too much, but others can step on and it will be reality.

I am working on the Czech translation of the Steem whitepaper. Please help Steem to go multinational and upvote me.
Untill now I volunteered to make Czech translation of https://bitshares.org/ and https://openledger.info/ and I am translating for kenkode Smartcoins Wallet.
I am not coder, but do this work to help.
https://steemit.com/steem-help/@valtr/preklad-steem-whitepaper-do-cestiny-2

Thank you.

Anything new?
ESET does not indicate any problem.