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Messages - biophil

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31
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?

32
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.

33
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.

34
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.

35
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.

36
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.

37
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: https://bitsharestalk.org/index.php/topic,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.

38
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?

39
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.

40
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?

41
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.

42
Muse / Re: Selling Muse
« on: June 14, 2017, 12:21:56 am »
There are some post on steemit that are supposedly from the slack channel. I can link that later. Have you checked out museblockchain.com? It looks like work is being done but it's very slow going

Well, don't get me wrong - I'd love for this to be legit. I've had high hopes for Peertracks for a long time.

43
Muse / Re: Selling Muse
« on: June 13, 2017, 08:13:49 pm »
Is this the all time high for MUSE? Just hit 14,000,000 market cap.

I think the market value can be increased by 20 times again, in the short term +5% +5% +5%

I'm sure it will, if you keep pumping it like this...

You think Musewhale is really moving the market?

I don't know. It doesn't take much to "move the market" when it's as illiquid as MUSE. I only say this because I started looking through the forums at MUSE posts and it looks a bit like musewhale has basically singlehandedly revived everything. I've heard nothing authoritative from cob or anybody who I actually know. So... draw your own conclusions.

44
Would it be safer to create a new Bitshares account and
transfer your bitshares to that account? Then use the
private key of the original (now empty) account to claim
your Peerplays. If that private key gets compromised/revealed
to a third-party it doesn't really matter because the account
it controls is now empty.

That would certainly work if you're not too in love with your original account. There is better way to do it, but I haven't dug enough yet to be sure I know what that way is.

45
Muse / Re: Selling Muse
« on: June 13, 2017, 03:08:01 am »
Is this the all time high for MUSE? Just hit 14,000,000 market cap.

I think the market value can be increased by 20 times again, in the short term +5% +5% +5%

I'm sure it will, if you keep pumping it like this...

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