Good questions.
I've updates the assets-FAQ slightly to add what has not been there yet.
http://docs.bitshares.eu/bitshares/user/assets-faq.html1. MARKET FEES - A
Assuming fees are activated, does the issuer pays fees every time he/she issues/transfers a quantity of the asset to another party, or only if trading the UIA on the open market?
Only filled orders!
2. MARKET FEES - B
There was reference to a “fee pool” apparently designated in the new UIA rather than BTS. Given that the idea of Market Fees is for the issuer to be able to generate profits from his or her UIA, I assume that the Issuer being able to pay the fees he/she sets from their own UIA, mitigates against the costs of having to buy BTS with cash or use existing BTS holdings that were acquired with cash (even if indirectly). However, if the market fees can be paid by the recipients using the same UIA, unless there is a provision for the Issuer to convert ONLY the received UIA designated fees to BTS, then the Issuer isn’t really generating “immediate FIAT LIQUIDATABLE profit”. Am I missing something here?
Indeed. The issuer ends up with shares of his own asset.
For that reasons the Core exchange rate should be slightly higher priced
than the market price to allow him to exchange them in a non-liquid
market
3. CHANGE OF ISSUER
Assets FAQ seems to say that the “Issuer” can be changed after creation of the asset. Does this mean you can change the Issuer name to a completely new Issuer name, or just that if you have multiple wallets in your account with different names, you can change the issuer to be any one of the others (perhaps via a drop-down menu)? Secondly, can it be repeatedly changed or only one time?
You can hand over ownership(!!) of the asset. Only the current owner can do
that!
4. CORE EXCHANGE RATE
It seems that this is automatically set in relation to BTS. However, I would prefer to have the core exchange rate tied to USD, because 99% of the persons I will be issuing my UIA to, are cryptovirgins, so to speak, and having to wrap their heads around a second digital currency (BTS), in order to get a clear sense of the set “exchange value” of my UIA, is undesirable. I do know I could promote a UIA/USD exchange rate/value in my one-on-one communications with the recipients, but it would be nice to be able to choose what currency (digital or FIAT) the exchange rate is tied to. I also know I can create a UIA “pegged” to USD but I do not want that type of “Market Pegged Asset”
The CER is only used to make live easer for new-comers so that they
don't need to deal with BTS and it's pricing. as an issuer, YOU define
what the costs of transactions are in your asset and YOU pay the BTS fee
out of the fee pool. I added a short description of the fee pool in the
second whitepaper and the asset FAQ.
5. ISSUER TRANSFER APPROVAL
If permissions is set ON requiring the issuer to approve all transfers, does this includes transfers effected via open market trading activity? I highly doubt it but I prefer to be 100% certain rather than 99%. Obviously, such approval is fine in the early life of a UIA, but becomes rather impractical at scale I would think.
That's just an optional feature offered by the platform and its the
freedom of the issuer to use it or not. (except maybe for legal
restriction)
6. TRANSFER RESTRICTED
Does this mean that a the issuer must be a third party facilitator in every transaction, receiving the funds from party A as being one separate completed transfer transaction, then forwarding them on to party B as a second separate transfer transaction? Or does it mean that a single transaction would be recorded as having three parties, A, B and Issuer in the middle? What kind of situation would make either of these a highly desirable way to operate?
Not sure how this functionality works, yet. But it seems that users of
an asset with that flag enabled, can only propose to move funds and the
issuer must approve it. I could be wrong here though.
7. GLOBAL SETTLING
I’m a bit foggy on this - is this about enforcing either a MINIMUM or a SPECIFIC exchange rate for any given trade between two parties trading in the issuer’s UIA?
Global settling is only interesting for bitassets .. it has no meaning
for UIAs.
8. CONFIDENTIAL TRANSACTIONS
Is there any serious downside to allowing confidential transactions (which I assume is this “stealth” feature I’ve read somewhere)?
Sure, you can't know which of your shareholders has how many hence you
can't pay dividends or invite your top5 investors to dinner.
9. Bonus question 
Since Bitshares the company also has to comply with government regulations I presume, does the system configuration at the highest level allow Bitshares itself to “Transfer any UIA back to Bitshares of Freeze or Delete any UIA (since it is Bitshares’ “system” that really GENERATED/CREATED each UIA and the “system” is a “higher authority”, than the lowly “user” who initiated the generation/creation of the UIA on the system)?
Why does BitShares need to comply with regulations? What makes you think
so? What government is it based in? What tax should it pay to whom?
Once an asset has been created by the issuer, the BitShares system has
NO means of taking control (except via hard forks). Neither BitShares,
nor the committee, nor the witnesses or the shareholders have authority
over assets!!!! (except for those that THEY have created)
The assets' issuer is the SOLE!!! authority over the asset!
Topic: multiple questions, asked on slack (Read 1392 times)
