Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - pc

Pages: 1 2 3 4 [5] 6 7 8 9 10 11 12 ... 99
Technical Support / Re: Nginx 404 Error
« on: January 24, 2019, 01:23:36 pm »
The part after the # never makes it to the server...

General Discussion / Re: XBTS DEX
« on: January 17, 2019, 01:03:30 pm »
XBTS built the code to achieve a real token transmission and not simple cloning of tokens.

Interesting. Can we see the code? Do you have a whitepaper or similar high-level technical (!) explanation?

General Discussion / Re: Introducing Rstory
« on: January 14, 2019, 08:04:38 pm »
Interesting. :-)

RUSTY is only one of the tokens. Read the company statement.

General Discussion / Re: would you support a cheater as the wintess?
« on: January 02, 2019, 10:17:46 am »
the finally median price y is about random in a range of x*0.99 ~ x*1.01, or more.
suppose you are a honest witness, which give your feed price z in reasoanble, without any information about other's feed price and median price,
the posibility of z close to  y less than 0.01% is about 0.01%/0.02, which is far more less than 1%

This assumption is wrong. The median corresponds exactly to at least one witness-provided feed value. So for 25 witnesses the raw probability that the median is yours is 4%.

This raw probability is in reality increased significantly by at least two more aspects:
* When a witness publishes a new feed value, his feed is the most recent and therefore more likely to be close to x than anyone else's.
* Some witnesses publish a new feed only if that would change the median. (This is a simple optimization which is perfectly valid and acceptable if the feed is checked often.)

IMO if you publish a price only if it changes the median, and your price is likely to be close to the median, the conclusion is that your feed value will be chosen as the median quite often.

Please provide proof if you accuse someone of cheating. The mere fact that someone provides an accurate feed can hardly be taken as such.


Please clarify what is covered by the funding. The examples you list typically have their own worker proposals, and I'd expect these to cover any required BBF work as well. Or to put it differently - what if the mandate is granted but not funded?

That said, I'm of course aware that this is an important proposal and that a representative needs to be paid. I support this worker.

Edit: after re-reading I think the explanations provided are sufficient.

General Discussion / Re: suggestion on bitCNY rules update after BSIP42
« on: December 30, 2018, 09:52:50 am »
the committee has changed the force settlement offset of bitCNY from 5% to 2%, this will ensure that the possible discount of bitCNY will be less than 2%.

BSIP41 has been implemented, MSSR of bitCNY has been changed from 1.1 to 1.05.

Excellent, thanks!

General Discussion / Re: Why Need BSIP For Everything?
« on: December 30, 2018, 09:52:00 am »
IMO all witnesses should provide feeds that are based on the same underlying principles. It is a good thing to define these principles in the form of BSIPs, and let the witnesses handle the details themselves.

For example, if some witnesses follow BSIP-42 and some don't, there is the danger that the median feed jumps back and forth between two values that are relatively far apart. This would probably disrupt the markets and would also increase the danger of a global settlement.


Over 60% of Participants Showed Strong Demand for Data Visualization

This is hardly representative. For example, I didn't participate because I'm not interested. :-)

Stakeholder Proposals / Re: [Fee Schedule Proposal] - New fee schedule
« on: December 17, 2018, 01:05:46 pm »
IMO transfer and asset_issue are much too expensive, especially in relation to the market operations. The former are extremely cheap on the network, the latter extremely heavy.

General Discussion / Re: When to expect the bitUSD revival?
« on: December 06, 2018, 03:02:03 pm »
-How/when will bitUSD be revived? What does it take? Just the trust of people who lost a lot because of the GS?

It will be revived if either of these happen:

* supply drops to 0 (very unlikely)
* BTS/USD price rises higher than settlement fund/supply * MCR
* a number of people offer to put additional collateral into the pool, in exchange for a share of both debt and settlement fund, together they cover the full debt, and each resulting margin position has a collateral ratio higher than MCR

-If we are below the GS price, will it be revived only when the price goes back u above that same GS price or can the new GS price be lowered?

Technically, the BTS/USD price has to rise high enough. If witnesses choose to provide a fake feed price (see BSIP-42) this can happen before the real price goes up.

-Will it be revived only when the margin trading opens up again? What are the conditions for that?

Margin trading will open up when bitUSD is revived.

-Will I get back my worth of bitUSD only when the price will go back above GS price? Am I understanding this right? Because if so and the price keeps falling, bitUSD holders are screwed, no?


-Also, what does it mean when a bitasset stops being pegged?

1 bitUSD is no longer worth 1 USD. Instead it is worth 19.55 BTS. If you're lucky you can sell it for more on the market. If you're lucky you can buy it for less from the market and settle for a profit.

Good job guys!

General Discussion / Re: New Emergency Fix for All Nodes
« on: November 27, 2018, 01:12:34 pm »
There's a forum thread about the stuck chain, and a post pointing to the release. Where did you look?

New release was tagged:

All nodes must upgrade.

Majority of witnesses are producing again.

General Discussion / Re: Global Settlement for BitUSD
« on: November 26, 2018, 01:28:09 pm »
If he had left BitUSD with no BSIP42, there will be no BlackSwan on BitUSD

To be fair, I think that with such a big downtrend a black swan on bitUSD might have happened even without BSIP-42.

Still, I think it is now proven that BSIP-42 increases the likelyhood of a black swan, due to margin calls not being eaten.

(I'm well aware that BSIP-42 can completely prevent a black swan if the witnesses keep the feed price "fake enough". This is cheating though, because it only hides the undercollaterlization from the blockchain. It will break the peg, and thus defeat the purpose of BSIP-42.)

Pages: 1 2 3 4 [5] 6 7 8 9 10 11 12 ... 99