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[BSIP Draft] Managed Vesting Balances, and Savings Account

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blockchainprojectsbv:
The BSIP is now on-chain and can be voted on
  https://www.bitshares.foundation/workers/2019-01-bsip57

sschiessl:
Discussion moved to https://github.com/bitshares/bsips/issues/136

yury:
This looks like a good functionality to have, I see many use cases. Although we are not a CEX and can't fully benefit from this management capability, it may be used to build a gateway from Bitshares to external chains. And we saw many cases when a user needs to vest some balance on Bitshares. Definitely has value!

sschiessl:
The manager feature allows that a user locks away funds and grants the manager control over it. The user can only withdraw with a delay, which in turn means that the manager has enough time to react to it and adjust the balance if needed.

This can for example be used as a deposit into a CEX. Locking away funds on the BitShares Blockchain represents a deposit into the CEX, which allows the user to trade on the CEX, while the CEX does not need to be the custodian of the funds. The CEX settles the trades of the user onto the Blockchain every X amount of time and recognizes when the user wants to withdraw. With the built-in delay the CEX has enough time to settle the user balance on the blockchain according to internal trades.

Other use cases are possible too, like a promotion programm within the BitShares Blockchain (lock away asset X and gain Y% every Z time period), and of course a savings account (lock away asset X, can only be accessed after waiting 3 days, no manager required)

yury:
Interesting, but not an easy thing to comprehend... I agree vesting would be a good feature to have on Bitshares, but not sure about that management feature... If I am a manager of your vesting balance, then I'm actually able to get the balance, correct? What is the value to have this vesting balance management ability? Sorry, this may be described in the BSIP, but too many information, not easy to get the key point)

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