Author Topic: The Hero from BitShares Island  (Read 7815 times)

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Offline wackou

Re: The Hero from BitShares Island
« Reply #15 on: May 08, 2017, 11:07:54 am »
also, what are the recommended MSSR and MCR for this asset?
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Offline Stan

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Re: The Hero from BitShares Island
« Reply #16 on: May 08, 2017, 12:23:17 pm »
[member=6]Stan[/member] can witnesses already start publishing a feed or do you need to first approve them? I just tried to do so but got the following error:

Code: [Select]
0 exception: unspecified
10 assert_exception: Assert Exception
bitasset.feeds.count(o.publisher):
    {}
    th_a  asset_evaluator.cpp:530 do_evaluate

    {"o":{"fee":{"amount":725,"asset_id":"1.3.0"},"publisher":"1.2.277","asset_id":"1.3.1362","feed":{"settlement_price":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":1000000000,"asset_id":"1.3.0"}},"maintenance_collateral_ratio":1750,"maximum_short_squeeze_ratio":1500,"core_exchange_rate":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":950000000,"asset_id":"1.3.0"}}},"extensions":[]}}
    th_a  asset_evaluator.cpp:534 do_evaluate

    {}
    th_a  evaluator.cpp:51 start_evaluate

    {"op":[19,{"fee":{"amount":725,"asset_id":"1.3.0"},"publisher":"1.2.277","asset_id":"1.3.1362","feed":{"settlement_price":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":1000000000,"asset_id":"1.3.0"}},"maintenance_collateral_ratio":1750,"maximum_short_squeeze_ratio":1500,"core_exchange_rate":{"base"
[...]

IIRC that's the error you get when not authorized (I could very well be wrong here)

Xeroc is helping, certafying and formally authorizing all feed providers.  PM him.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline wackou

Re: The Hero from BitShares Island
« Reply #17 on: May 08, 2017, 12:35:32 pm »
Xeroc is helping, certafying and formally authorizing all feed providers.  PM him.

will do, thanks for the quick answer!
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Offline deepsynergy

Re: The Hero from BitShares Island
« Reply #18 on: May 09, 2017, 07:22:24 am »
Hey guys!

I made some symbol designs for HERO. Please have a look at them in the link below and drop me some feedback so that I can improve the designs upon that.



http://bit.ly/2pfyapb (steemit.com/bitshares/[member=43865]deepsynergy[/member]/symbol-designs-for-bitshares-formula-pegged-asset-hero)

I also had a chat with Stan and I'm planning to create some more conservative designs for older demographics as well.

Thank you and waiting for your feedback!
« Last Edit: May 09, 2017, 12:31:40 pm by deepsynergy »

Offline konelectric

Re: The Hero from BitShares Island
« Reply #19 on: May 09, 2017, 10:31:07 am »
Hey guys!

I made some symbol designs for HERO. Please have a look at them in the link below and drop me some feedback so that I can improve the designs upon that.



https://steemit.com/bitshares/[member=43865]deepsynergy[/member]/symbol-designs-for-bitshares-formula-pegged-asset-hero

I also had a chat with Stan and I'm planning to create some more conservative designs for older demographics as well.

Thank you and waiting for your feedback!

Workable link: http://bit.ly/2pfyapb
Tweeter: Konelectric. Steemit: Konelectric. Youtube: Patrick Konshak. Success Council: Yourship. Mumble: Yourship or Konelectric.

Offline Musewhale

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Re: The Hero from BitShares Island
« Reply #20 on: May 09, 2017, 01:42:51 pm »
Hey guys!

I made some symbol designs for HERO. Please have a look at them in the link below and drop me some feedback so that I can improve the designs upon that.



http://bit.ly/2pfyapb (steemit.com/bitshares/[member=43865]deepsynergy[/member]/symbol-designs-for-bitshares-formula-pegged-asset-hero)

I also had a chat with Stan and I'm planning to create some more conservative designs for older demographics as well.

Thank you and waiting for your feedback!

Ugly to explode
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Offline blockchained

Re: The Hero from BitShares Island
« Reply #21 on: May 10, 2017, 11:37:43 am »
We are ready to participate and can start producing feeds for the HERO from our witness node blckchnd as soon as the list of feed producers is updated.

Offline fav

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Re: The Hero from BitShares Island
« Reply #22 on: May 10, 2017, 03:25:26 pm »
We are ready to participate and can start producing feeds for the HERO from our witness node blckchnd as soon as the list of feed producers is updated.
+5%
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Offline Stan

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Re: The Hero from BitShares Island
« Reply #23 on: May 10, 2017, 03:41:08 pm »
We are ready to participate and can start producing feeds for the HERO from our witness node blckchnd as soon as the list of feed producers is updated.
+5%

Super!
Love seeing +1 have its intended meaning again!
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Permie

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Re: The Hero from BitShares Island
« Reply #24 on: May 11, 2017, 10:08:15 am »
Could somebody clarify how HERO actually works?

If HERO will be worth 5% more next year than what it is today, where does this 5% of wealth come from?

Cheers
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Offline robrigo

Re: The Hero from BitShares Island
« Reply #25 on: May 11, 2017, 12:42:28 pm »
The annual 5% comes from the shorters. Check out http://docs.hero.global/en/master/ for more details.

Offline Permie

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Re: The Hero from BitShares Island
« Reply #26 on: May 11, 2017, 01:02:18 pm »
The annual 5% comes from the shorters. Check out http://docs.hero.global/en/master/ for more details.
Thanks Robrigo

I would have hoped to see this kind of shareholder-relevant information linked to in the OP, Stan.
I guess intrigue and suspense is what you're going for, but isn't the whole point of that to increase the speculative value of BitShares to new investors?

Easy-access quick-to-digest information helps reduce the information asymmetry between the BTS in-crowd and the wider potential investor audience.

I suppose if you do in fact only wish to inform the in-crowd, those who will bother to investigate further on their own, then it makes sense.
Not necessarily bad.

I get the impression that you, Stan, want to see BTS rise in value based lots of customers using BitShares' products. Lots of BTS to be locked up in collateral in SmartCoins.
As opposed to Speculative investment.

Why not both?
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline Stan

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Re: The Hero from BitShares Island
« Reply #27 on: May 11, 2017, 01:16:09 pm »
Could somebody clarify how HERO actually works?

If HERO will be worth 5% more next year than what it is today, where does this 5% of wealth come from?

Cheers

Best explanation is a Xeroc's wiki: hero.global.
http://docs.hero.global/en/master/peg.html

An excerpt:

Who pays the interest?

The shorters do! Those that are willing to lock BTS away as collateral for the HERO need to ensure that the value of their collateral grows by more than 5% every year. Since the minimum collateral ratio is 200%, most shorters speculate on the value of BTS to grow by at least 2.5% after a year which would covers their obligation to top up the collateral sufficiently.

Of course, the BTS token will still be volatile! Basically, by shorting HERO with 200% collateral and issuing a new token with face-value (together with margin calls and settlements) establishes a system in equilibrium.

One the one side, there is 200% of the volatility, while on the other side, there is none. This is the general concept behind market-pegged assets, or smartcoins. Those on the short side experience the volatility and epxect the collateral to rise in price, while those on the long side enjoy the stability of their token.

The HERO does the same, except that it forces the shorters to also hand over a fixed +5% interest per year to the long side of the trades. Independent of the shorters making profit at all, they will need to provide the +5% interest to the long position.

Thus, the HERO represents a Peer-2-peer free currency where shorts and longs are provided by individual traders across the planet with no central entity having control over the issuance process.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Stan

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Re: The Hero from BitShares Island
« Reply #28 on: May 11, 2017, 01:37:14 pm »
The annual 5% comes from the shorters. Check out http://docs.hero.global/en/master/ for more details.
Thanks Robrigo

I would have hoped to see this kind of shareholder-relevant information linked to in the OP, Stan.
I guess intrigue and suspense is what you're going for, but isn't the whole point of that to increase the speculative value of BitShares to new investors?

Easy-access quick-to-digest information helps reduce the information asymmetry between the BTS in-crowd and the wider potential investor audience.

I suppose if you do in fact only wish to inform the in-crowd, those who will bother to investigate further on their own, then it makes sense.
Not necessarily bad.

I get the impression that you, Stan, want to see BTS rise in value based lots of customers using BitShares' products. Lots of BTS to be locked up in collateral in SmartCoins.
As opposed to Speculative investment.

Why not both?

The Wiki didn't exist at the time of the first article.
It will of course be featured in future articles.

As far as who gets first access to knowledge, think of it as a form of information share drop - I'm publishing it in forums frequented by our most loyal die-hard supporters first and they can disseminate it outward to the world from there.

I'm really just following the example of Jesus Chist who provided plenty of proof for those who wanted to believe and yet left lots of room for those who didn't want to believe to walk away.

But don't worry, by the end of this month everyone will have heard about it.

Those who acted on this information when it first went public have already received the moral equivalent of a 1000% share drop.   :)

That's the way it should be.

 :)

 
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline lil_jay890

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Re: The Hero from BitShares Island
« Reply #29 on: May 11, 2017, 02:05:49 pm »
Stan invoking Jesus Christ to incite FOMO...

Pretty extreme even by Stan's standards