Recent Posts

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Technical Support / Re: Assert Exception: min_to_receive.amount > 0:
« Last post by jackingyang on February 15, 2019, 01:28:24 pm »
Fix it
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Never mind it,i slove it
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General Discussion / Re: Review of OMO
« Last post by ebit on February 15, 2019, 12:57:31 pm »
A
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Thanks a lot for supporting !
Всем спасибо большое за поддержку !
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Валера, ты достойный кандидат. Проголосовал за тебя.
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Поздравляю! Проголосовал за тебя и за Валеру.
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General Discussion / Re: BTS volume on Binance...
« Last post by xeroc on February 15, 2019, 07:20:50 am »
Confirmed ... 90M BTS volume on binance .. wow
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Stakeholder Proposals / Re: [Worker Proposal] Core Team 2019
« Last post by xeroc on February 15, 2019, 07:17:53 am »
As a proxy voting for this worker, I do fully understand the concerns raised by @dexy - I came to ask myself the very same questions.
My conclusions is that this is the cost for an **independent** development team. If we (the BTS community) wanted this cheaper, we'd
need to hire a company to work on this. Developers in that company would earn less (probabably about 60-80$/hr) and will be managed
by the company. But then, don't expect that this company will invoice only the rates of those developers. That's not how a software
house can survive for long, profits need to be made for the company too, hence, you are looking at a rate that is at least as high as
current core devs'. And even if you found a company that was willing to contribute for less, I still prefer to have our own team that's
knowledgable trusted and loyal to the BitShares community. Totally fine with paying for that.
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General Discussion / Re: Review of OMO
« Last post by xeroc on February 15, 2019, 07:14:02 am »
I agree with plan A.
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General Discussion / Re: Review of OMO
« Last post by clockwork on February 15, 2019, 06:46:10 am »
I am considering to restart the OMO fund operation.

I believe that the market fee income should be used in supporting the smartcoin ecosystem. we learned lessons in the past 10 months, so I think we need to update some essential setting of the fund.

first, it will not get BTS through worker proposal, it will only get the market fee of smartcoins for operation.

here are 2 policies for the operation of the updated OMO fund.

Plan A:
1.BTS buying orders can be placed only when there is margin called orders stayed.
2.BTS selling orders can be placed only when the smartcoin has at least 0.5% discount.
3.smartcoin borrowing is not allowed.

Plan B:
1.BTS buying orders can be placed only when there is margin called orders stayed.
2.BTS selling orders can be placed only when the smartcoin has at least 0.5% discount.
3.smartcoin borrowing is allowed, but the margin call price of the debt position should always be lower than the global settlement price, anytime the margin called price is above global settlement price, all the available liquidity should be used to reduce the margin called price.

Plan A is conservative, it just buy and sell BTS, do not borrow.
Plan B is a little audacious.

maybe we can begin with Plan A, Plan B is for subsequent discussion.

will be voting for Plan A.

No borrowing so no risk. No worker so daily budget available for workers.

Essentially it's just a market making op/liquidity provider based on those rules which is a great use of the market fee funds.
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