Author Topic: suggestion for an offical market value management infrastructure  (Read 5901 times)

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Offline Crypto Kong

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Re: suggestion for an offical market value management infrastructure
« Reply #45 on: March 15, 2018, 08:06:52 pm »
I am against this proposal, you want to increase fees in order to artificially pump the price of BTS. This is a terrible idea. You will deter people from making the markets by increasing fees and no doubt will get margin called keeping the price of BTS low. BAD BAD IDEA.

If this does go ahead, then I suggest keeping the call price at extreme lows to reduce the risk by as much as possible. By that I mean for bitUSD, a call price of $0.01 maximum.
« Last Edit: March 15, 2018, 08:13:53 pm by Crypto Kong »

Online bench

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Re: suggestion for an offical market value management infrastructure
« Reply #46 on: March 15, 2018, 10:22:37 pm »
The fees shouldn't be used to artificially increase the price of bts, I agree here. What happens to the fees now?

The fees should directly be used to provide liquidity to the exchanges. A lot of companies adopted the BTS network, because there were no fees in trading to bitAssets. I didn't hear any numbers on the duration of the new market fee.
« Last Edit: March 16, 2018, 02:50:31 am by bench »

Offline sschiessl

Re: suggestion for an offical market value management infrastructure
« Reply #47 on: March 16, 2018, 06:27:10 am »
The comittee is in control of roughly 3.6 million BTS which are being held in either comittee-trade or committee-account.
https://wallet.bitshares.org/#/account/committee-account
https://wallet.bitshares.org/#/account/committee-trade

Questions:
  • Is the current balance simply stacking up of transaction fees, or how did this accumulate?
  • The committee-account is holding short positions. Why?
  • Where can I see the accumulation of incoming market fees?
  • How and when will you move forward with bitAsset creation? Backed by worker proposal?



Offline pc

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Re: suggestion for an offical market value management infrastructure
« Reply #48 on: March 16, 2018, 07:24:42 am »
The committee-account is holding short positions. Why?

These are from bitAssets being auto-revived after a black swan. See BSIP-18.

Where can I see the accumulation of incoming market fees?

Market fees are not listed separately. The asset object holds them in "accumulated_fees", together with the tx fees that were paid in the asset in exchange for funds from the fee pool.
You can look at the trade volume of that asset, and calculate the resulting fees.
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Offline lovegan007

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Re: suggestion for an offical market value management infrastructure
« Reply #49 on: March 16, 2018, 10:07:08 am »
理事会不是还有没解的十亿BTS么,动用它啊,抵押10亿BTS,抵押出5亿BITCNY来拉盘,5亿BITCNY可以拉到5块了,到5块了又可以从10亿BTS和买进来的那几亿BTS 一起提高抵押,可以一共抵押出25亿以上的BITCNY来托盘拉盘,这个时候谁还能砸得动?

Offline abit

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Re: suggestion for an offical market value management infrastructure
« Reply #50 on: March 16, 2018, 07:52:55 pm »
The comittee is in control of roughly 3.6 million BTS which are being held in either comittee-trade or committee-account.
https://wallet.bitshares.org/#/account/committee-account
https://wallet.bitshares.org/#/account/committee-trade

Questions:
  • Is the current balance simply stacking up of transaction fees, or how did this accumulate?
The BTS in committee-trade: originally were fees accumulated in some bitAssets, mainly bitUSD, mostly accumulated in BTS 0.9 due to the "you get what you ask for" mechanism. We got them out and sold them for BTS in 2016 to bring more liquidity to the market. The BTS are being used to fund fee pools of assets controlled by committee-account, then accumulate fees again, thus circulating.

The BTS in committee-account: after BSIP18, the account started to hold short positions. The biggest position was SILVER which had about 2M BTS of collateral, at a time, SILVER got globally settled again (black swan), so the overcollateralized BTS was returned to committee-account.
BTS account: abit
BTS committee member: abit
BTS witness: in.abit

Offline blaze

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Re: suggestion for an offical market value management infrastructure
« Reply #51 on: April 10, 2018, 11:09:19 am »
hello, please help, if i want to buy bitCNY throug alipay, is it possible?

or any other ways ?

Offline abit

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Re: suggestion for an offical market value management infrastructure
« Reply #52 on: April 12, 2018, 11:12:08 pm »
hello, please help, if i want to buy bitCNY throug alipay, is it possible?

or any other ways ?
Try MagicWallet: https://www.magicw.net/
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BTS committee member: abit
BTS witness: in.abit