Author Topic: I create an asset but how to withdraw bts from feepool?  (Read 2683 times)

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Offline destenson

I think that exploiting the fact that trade fees are taken in one asset and returned in another is a terrible way to handle this. In fact, that particularly exploitable "feature" should either be removed, or made an optional permission/flag for asset creation. Instead fees should be returned in the same form as they were taken by default. And if an issuer wants to withdraw from the fee pool, that should be made an optional permission/flag on the asset as well.


Offline abit

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Actually here is how is this done... smoothly. Courtesy of sports-owner. Pay attention to the fee.

1.
http://cryptofresh.com/tx/82ed3de6a98c6cf8a5cdf69afd956bdfa0eb2331 -> Show raw transaction
2.
 then cancel.
Yes that's it.

Is there a proper withdrawal function being planned/in the pipeline?
Why not just don't put half of asset creation fee to the fee pool by default? The fee pool is designed to give conveniences to some of asset issuers, but apparently some other issues don't like/need that convenience. In addition, the fee pool is a bit vulnerable if the issuer doesn't use it in the right way.
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Offline tonyk

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@abit @JonnyBitcoin @svk

Actually here is how is this done... smoothly. Courtesy of sports-owner. Pay attention to the fee.

1.
http://cryptofresh.com/tx/82ed3de6a98c6cf8a5cdf69afd956bdfa0eb2331 -> Show raw transaction
2.
 then cancel.
Yes that's it.

Is there a proper withdrawal function being planned/in the pipeline?

Why? What is wrong with this one?

It is working... at least

very much unlike:

-my win witness_node

-my Ubuntu witness_node

-my  Ubuntu light client

-my Ubuntu Chrome wallet

Should I post a link for each and every not working feature...again?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline cube

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@abit @JonnyBitcoin @svk

Actually here is how is this done... smoothly. Courtesy of sports-owner. Pay attention to the fee.

1.
http://cryptofresh.com/tx/82ed3de6a98c6cf8a5cdf69afd956bdfa0eb2331 -> Show raw transaction
2.
 then cancel.
Yes that's it.

Is there a proper withdrawal function being planned/in the pipeline?
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Offline abit

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@abit @JonnyBitcoin @svk

Actually here is how is this done... smoothly. Courtesy of sports-owner. Pay attention to the fee.

1.
http://cryptofresh.com/tx/82ed3de6a98c6cf8a5cdf69afd956bdfa0eb2331 -> Show raw transaction
2.
 then cancel.
Yes that's it.
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Offline tonyk

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@abit @JonnyBitcoin @svk

Actually here is how is this done... smoothly. Courtesy of sports-owner. Pay attention to the fee.

1.
http://cryptofresh.com/tx/82ed3de6a98c6cf8a5cdf69afd956bdfa0eb2331 -> Show raw transaction
2.
 then cancel.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline abit

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I've been wondering this to but I don't think it's possible.
let me know if you find out.
Take a look at what asshole1 did with PERCENT asset.
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Offline JonnyB

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I've been wondering this to but I don't think it's possible.
let me know if you find out.

I run the @bitshares twitter handle
twitter.com/bitshares

Offline svk

I create an asset but how to withdraw bts(2500) from feepool?

You can't withdraw directly from the fee pool.

What you can do however is claim the fees earned by your asset when people do trades with it or pay their fees using it. You'll find that in Update Asset > Fee pool tab, at the bottom under "Claim asset fees".
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Offline freedom

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I create an asset but how to withdraw bts(2500) from feepool?