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Messages - biophil

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Technical Support / Re: Newbie needing help moving btc to btsx
« on: July 04, 2017, 01:55:43 am »
Oh dear. So that transaction of about 0.664 BTC is the one you sent? I don't know how the app created that from "Lana," but it's possible that your funds are lost. They are certainly not recoverable by anybody at OpenLedger or Bitshares. The only thing I can think is that maybe you could have some success by talking to the support people for your phone app.

Technical Support / Re: Newbie needing help moving btc to btsx
« on: July 03, 2017, 11:53:28 pm »
I don't think you've quite given us enough information to help you. What BTC wallet are you using? Did it give you a transaction ID (trxid)?

That long string of numbers and letters you sent doesn't look like anything I recognize; it's much too long to be a BTC address and it's not a trxid according to What do you mean "the transaction went to" that object?

Also it worries me just slightly that you're saying "BTSX". It's been a long long time since we used the "X" as part of it. What BTS wallet are you using?

CCEDK / Why are STEEM/SBD withdrawals disabled?
« on: July 03, 2017, 10:37:17 pm »
It's all in the title. It would be a nice customer-relations move to have a banner of some sort on markets whose deposits are disabled. Sure, buyer beware and all that, and I'm not threatening to libel you or anything - but it's extremely frustrating to find what looks like a good price only to discover too late that it's because the IOU in question isn't actually redeemable at the moment.

General Discussion / Re: BitCNY Price discrepancy
« on: June 22, 2017, 02:54:36 pm »
Vote for witnesses who provide accurate price feeds.

Not as simple as that. Trog is right - BTS has a different price in China than in the US. It'll even back out.

General Discussion / BitCNY Price discrepancy
« on: June 21, 2017, 11:15:33 pm »
I have been watching the BitCNY price slide downwards relative to bitUSD for the past several weeks. Right now, by dividing bitUSD and bitCNY price feeds, the implied bitCNY/bitUSD price is about 0.133. On the other hand, Google gives the exchange rate between CNY and USD at 0.146.

Why the discrepancy between exchange rates?

In centralized exchanges they hold private keys for the tokens on their servers, it's dangerous as it can be stolen like what happened with Mt gox, some other exchanges hold tokens in "cold servers" that are not connected to the Internet
What about open ledger,  what do they do with the Bitcoins which I send to them in exchange for open bitcoin
How to know that these open Bitcoins are convertable to real Bitcoins

That I do not know.

Does this mean that the bitshare is the bitcoin itself encrypted some how and held in the blockchain?

No, but I don't think I quite understand your question. Are you talking about BTS? BTS is just the core asset for the Bitshares chain, just like BTC is for Bitcoin and ETH is for Ethereum.

Are you familiar with the centralized exchanges like Poloniex or Bittrex?

In part, Openledger works in the same way. When you deposit BTC with Poloniex, it goes into some wallet that's controlled by Poloniex. They have a database which tells them how much of their BTC belongs to you, and then they basically give you an IOU that you can trade on the Poloniex exchanges.

With Openledger, you deposit BTC and it goes into their wallet. Just like how Poloniex has a database which tells them how much of the BTC belongs to you, Openledger also has such a database - but their database is the Bitshares blockchain itself. The way they track how much of the BTC belongs to you is that they issue you an equivalent number of OPEN.BTC tokens.

So Openledger keeps the BTC that you deposit, and I suspect it's auditable in some way but I've never tried.

Technical Support / Re: Force settlement offset
« on: June 20, 2017, 04:51:16 pm »
I'm not even convinced that the offset benefits shorters, TBH. I mean it certainly benefited people who had open short positions at the time, but for new positions it's a wash. All it does is move the price down, which means that opening a short position now happens at a slightly lower price. It's just silly.

Technical Support / Re: Step by step multi-sig setup
« on: June 20, 2017, 04:42:41 pm »
What's the point of a multisig if the "owner key" can just undo it all and spend on its own?

You can multisig owner permissions as well.

Technical Support / Re: Force settlement offset
« on: June 20, 2017, 02:53:37 pm »

If so, what is the purpose of this?

Here's the original discussion:,22355.0.html

Thanks for linking that discussion. The discussion is so painful. It's one of a million more "hey all let's go tweak this parameter very slightly in favor of X user group over Y user group, because hey, most of us voting types are X user group anyway and nobody from Y user group is here to protest! It will solve perceived problem Z while predictably creating a new set of problems A, B, and C!"

And now, the forseeable consequence is that now that we have much higher liquidity bitassets, they all trade below the peg.

Technical Support / Force settlement offset
« on: June 19, 2017, 11:42:53 pm »
The big smartcoins all seem to have a parameter called "force settlement offset" set to 1%. What is this? Does it mean that you get only 99% of the face-value BTS when you request a settlement?

If so, what is the purpose of this?

Technical Support / Re: Step by step multi-sig setup
« on: June 19, 2017, 09:40:53 pm »
I'd like to see something like this as well. I've been looking for information for a long time now on how to generate a new private key for a Bitshares account.

Muse / Re: is the developing team still working on muse?
« on: June 18, 2017, 03:12:06 am »
DACplay has some news: it is going to be worked based on the Ethereum.

Interesting. Where is this news available?

Technical Support / Public API for bitshares?
« on: June 15, 2017, 08:35:19 pm »
I'm putting together a python tool to look up all my trade history for all my cryptocurrency holdings, and at some point I'll need to get my Openledger stuff in on the action. Is python-bitshares the right tool to use, and is this an appropriate thing to use public APIs for? Are the public apis that the web wallet connects to good for this sort of thing? I know in Steem it matters which plugins the node is configured for, and I'm not familiar enough with the Bitshares backend to know exactly what questions to ask here.

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