Author Topic: Fee pools that require funds  (Read 2081 times)

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Offline Musewhale

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Offline bytemaster

Fee pool is meant to be funded by the issuer.   Funding it is a donation to the issuer.

Is the issuer for bitUSD the committee account?  How does a committee member fund the fee pool?

With their personal account.  The committee members can jointly take any action any other user can.
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Offline cube

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Fee pool is meant to be funded by the issuer.   Funding it is a donation to the issuer.

Is the issuer for bitUSD the committee account?  How does a committee member fund the fee pool?
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Offline abit

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Fee pool is meant to be funded by the issuer.   Funding it is a donation to the issuer.

I don't get it now. What happens with fee which I am charged per placing an order? Does the guy who funded the fee pool get reimbursed?
When you placing an order, you pay fees in the currency which you sell, for example if you sell USD, you pay fees in USD. The system convert your fee to BTS at the price core_exchange_rate, that amount of BTS is deducted from the fee pool and paid to the network. I don't know who got the USD you paid though, maybe it's the issuer.
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Offline yvv

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Fee pool is meant to be funded by the issuer.   Funding it is a donation to the issuer.

I don't get it now. What happens with fee which I am charged per placing an order? Does the guy who funded the fee pool get reimbursed?

Offline bytemaster

Fee pool is meant to be funded by the issuer.   Funding it is a donation to the issuer.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline DestBest

How does the funding of the fee pool actually work?

What happen if you fund it with 1000 BTS?
 Do you get them back at any point?
 Do you get them back as converted bitAsset?
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iHashFury

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Anyone may fund fee pools at any time.   

I have just funded BTC, GOLD, SILVER, CNY, and GBP until the committee account can reimburse.

Could somebody also fund RUB? I am not familiar with CLI yet.

added 1000 BTS  to RUB pool

Offline yvv

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Anyone may fund fee pools at any time.   

I have just funded BTC, GOLD, SILVER, CNY, and GBP until the committee account can reimburse.

Could somebody also fund RUB? I am not familiar with CLI yet.

Offline bytemaster

Code: [Select]
unlocked >>> fund_asset_fee_pool **USERACCOUNT** BTC 10000 true
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

iHashFury

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Thanks

How do users fund fee pools?

Offline bytemaster

Anyone may fund fee pools at any time.   

I have just funded BTC, GOLD, SILVER, CNY, and GBP until the committee account can reimburse.

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline bitcrab

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CNY also:
core_fee_paid <= fee_asset_dyn_data->fee_pool: Fee pool balance of '0 BTS' is less than the 20.00219 BTS required to convert 0.5457 CNY
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iHashFury

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GBP
Code: [Select]
core_fee_paid <= fee_asset_dyn_data->fee_pool: Fee pool balance of '0 BTS' is less than the 5.01535 BTS required to convert 0.0130 GBP

Offline xeroc

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Fee pool is empty and web wallet does not yet know how to pay fees in BTS instead of SILVER :(