[POLL] Possible committee actions to help with liquidity

[xeroc]

Thanks for the efforts.
"Review begins in 14 days" Can it be earlier?

Sure .. but only with a new proposal. I think we should take the 2 weeks and figure out what to do with the funds and not rush into something .. This would also allow me to properly code a script and test it until the funds are release (or not)

Maybe you can enlighten me about a detail: Is the review period right before the expiration of a proposal or is the review period first and no one can vote within that period?

[abit]

Here we go. Now you need to convince the committee to approve
https://bitsharestalk.org/index.php/topic,20880.new.html#new

Thanks for the efforts.
"Review begins in 14 days" Can it be earlier?

[xeroc]

Here we go. Now you need to convince the committee to approve
https://bitsharestalk.org/index.php/topic,20880.new.html#new

[xeroc]

Wanted to improve my library for market actions anyway
Extending it for proposed transaction should be doable as well ..

Worst case scenario I could probably construct it manually.  Thanks to your docs. 

Should just be create a builder, add a market order, add fees, publish.  Right? 

Right

What I am unsure of is the operation to withdraw the collected funds from the fee pool.

It took me a while .. but the operation is called

  asset_claim_fees_operation

and looks like this

Code: [Select]

get_prototype_operation asset_claim_fees_operation
[
  43,{
    "fee": {
      "amount": 0,
      "asset_id": "1.3.0"
    },
    "issuer": "1.2.0",
    "amount_to_claim": {
      "amount": 0,
      "asset_id": "1.3.0"
    },
    "extensions": []
  }
]


I will write a script that proposes to claim all available accumulated funds into the committee account and publish it later

[puppies]

Wanted to improve my library for market actions anyway
Extending it for proposed transaction should be doable as well ..

Worst case scenario I could probably construct it manually.  Thanks to your docs. 

Should just be create a builder, add a market order, add fees, publish.  Right? 

What I am unsure of is the operation to withdraw the collected funds from the fee pool.

[xeroc]

Wanted to improve my library for market actions anyway
Extending it for proposed transaction should be doable as well ..

[puppies]

So.  the consensus seems to be option 1.  Starting at 15% over feed and reducing daily until all funds are gone.  I would also suggest a hard lower limit of 105%

As Xeroc mentioned the difficulty with that is that the committee account cannot place orders in real time.  We need to submit a proposal, and have it approved by the majority of the committee.  We are a very diverse set of people from around the globe, and coordinating that could be difficult.

I still think leaving these funds in the hands of the committee is the best option if we can pull it off.  If we set the proposal for somewhere between a 2 and 4 hour window everyday, we should be able to find a time where all committee members can log in and approve.

Does anyone else think I should reset the results of the poll?  Enough people in this thread have stated that they voted for the wrong thing in the poll.

[abit]

Funds can of course also be split up

A short 15 min script can also be written.

I wonder who could possibly have the skills to do it? 

Sure .. But for whom? The committe members? or a single trusted entity?

I think the core (proposed transactions functionality) can used and reused in a lot of cases.
So something for anyone. The user inputs her credentials/keys for her multi-sig account(s) and each day when running the script all existing proposals pop up for approval/rejection. and there is one more option - add new proposed tx.

PS
And for this particular case I do not know... let the committee decide. If it is too much work to do it themselves each day... they can send the funds to trusted party(s) even mid process...using the same tool even.

A to-do list pops up every time when open the GUI? News, announcements & notices and some user-defined subscriptions? Sounds interesting.

//Edit: what if one never open the GUI?

[tonyk]

Funds can of course also be split up

A short 15 min script can also be written.

I wonder who could possibly have the skills to do it? 

Sure .. But for whom? The committe members? or a single trusted entity?

I think the core (proposed transactions functionality) can used and reused in a lot of cases.
So something for anyone. The user inputs her credentials/keys for her multi-sig account(s) and each day when running the script all existing proposals pop up for approval/rejection. and there is one more option - add new proposed tx.

PS
And for this particular case I do not know... let the committee decide. If it is too much work to do it themselves each day... they can send the funds to trusted party(s) even mid process...using the same tool even.

[xeroc]

Funds can of course also be split up

A short 15 min script can also be written.

I wonder who could possibly have the skills to do it? 

Sure .. But for whom? The committe members? or a single trusted entity?

[JonnyB]

Funds can of course also be split up

A short 15 min script can also be written.

I wonder who could possibly have the skills to do it? 

Do it tony! do it!

[tonyk]

Funds can of course also be split up

A short 15 min script can also be written.

I wonder who could possibly have the skills to do it? 

[xeroc]

Funds can of course also be split up

[JonnyB]

so, committee members, do you have something here with proposal potential?

@mindphlux @BunkerChain Labs @baozi @bitcrab

I agree we should use the fund to support liquility.
and I agree tony's advice

Make a proposal please?

Can you discuss that here/telegram and see if you can come up with a proposal?

In order to actually perform tony's idea, I see two options

- stick with multisig and have all committee members agree on
 * withdraw accumulated fees
 * place order
 * cancel order
which is IMHO quite an overhead

instead I would propose to either pick a trusted committee/non-committee member that knows about
trading (read: not me) that can perform the trades on a new/empty account. Pay him a flat .5-1% or so
for his efforts

Just my thoughts

Yeah this makes sense, I know trading and would do it but I don't think I'm trusted yet.

[xeroc]

so, committee members, do you have something here with proposal potential?

@mindphlux @BunkerChain Labs @baozi @bitcrab

I agree we should use the fund to support liquility.
and I agree tony's advice

Make a proposal please?

Can you discuss that here/telegram and see if you can come up with a proposal?

In order to actually perform tony's idea, I see two options

- stick with multisig and have all committee members agree on
 * withdraw accumulated fees
 * place order
 * cancel order
which is IMHO quite an overhead

instead I would propose to either pick a trusted committee/non-committee member that knows about
trading (read: not me) that can perform the trades on a new/empty account. Pay him a flat .5-1% or so
for his efforts

Just my thoughts