Author Topic: bitusd peg  (Read 378 times)

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Offline bitsharesbagholder

bitusd peg
« on: January 11, 2019, 01:48:50 pm »
is there anything being done to help restore it ?

Offline xeroc

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Re: bitusd peg
« Reply #1 on: January 11, 2019, 01:57:51 pm »
Read this:
https://steemit.com/bitshares/@bitshares.fdn/how-global-settlements-work

There is a bidding scheme in place (BSIP18) that allows to revive bitUSD faster
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline bitsharesbagholder

Re: bitusd peg
« Reply #2 on: January 11, 2019, 04:15:05 pm »
stop posting steem links as answers

Online iamredbar

Re: bitusd peg
« Reply #3 on: January 11, 2019, 08:34:25 pm »
Inside of that Steemit link tells you how it can be revived. That is why xeroc posted it. There is also talk around here on different ways we can revive it quicker.

Offline bitsharesbagholder

Re: bitusd peg
« Reply #4 on: January 11, 2019, 08:58:48 pm »
Inside of that Steemit link tells you how it can be revived. That is why xeroc posted it. There is also talk around here on different ways we can revive it quicker.
I'm not asking how it can be revived.
I'm asking what is being done to get it revived.

Online iamredbar

Re: bitusd peg
« Reply #5 on: January 11, 2019, 11:32:36 pm »
I'm not asking how it can be revived.
I'm asking what is being done to get it revived.

All of these accounts are bidding on the debt. That is actively trying for a solution. If you would like to contribute to the efforts, please put a bid on the debt.


Offline bitstopia2049

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Re: bitusd peg
« Reply #6 on: January 12, 2019, 11:14:19 pm »
How can people participate in the revival if there isn't any way to access the bid mechanism thru the reference wallet GUI ?

https://www.reddit.com/r/BitShares/comments/a0i56y/detailed_explanation_of_bitshares_global/

"This operation is not present in GUI wallet right now, but can be done by using bid_collateral command in CLI wallet or constructing the operation manually."

There's no step by step instructions in the Tech Support section of the forum either..

i.e how to access,
...the command lines that one would use

Isn't this at least something the BitShares Foundation would do in the "Public interest"  or to at least spark more interest in BTS by regular traders, speculators or just average Jjoes willing to a gamble.??

or is this bitAsset revival limited to "BTS insiders"... How could a benevolent whale participate (if such a person exists!) even if he or she wanted to?

BitShares needs a marketing guru or a miracle worker..it seems..

Online iamredbar

Re: bitusd peg
« Reply #7 on: January 12, 2019, 11:24:28 pm »
I will make you a video of how to do it in the GUI.

Online sschiessl

Re: bitusd peg
« Reply #8 on: January 12, 2019, 11:51:08 pm »
Have a look here, available since last release
https://wallet.bitshares.org/#/asset/USD

There is a new section in asset details that shows collateral bids, including doing a bid.

Online iamredbar

Re: bitusd peg
« Reply #9 on: January 13, 2019, 12:21:58 am »
Have a look here, available since last release
https://wallet.bitshares.org/#/asset/USD

There is a new section in asset details that shows collateral bids, including doing a bid.

https://cdn.steemitimages.com/DQmU42kFBJu55co7ZfSpczrUA9Trcbf3oFWFooLR2tCguXM/collateral%20bid%20bitshares.gif

Offline bitstopia2049

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Re: bitusd peg
« Reply #10 on: January 13, 2019, 06:44:47 am »
Thanks for the response and the link to instructional video..Things are much clearer now..

I think I'm going to use a chunk of my income tax refund to invest in BTS,   ;D   The technology has got to be worth more than
a nickel and has more utility than "cryptoKitties"

This bear market.. just as much as a US government "partial" shutdown has to end sooner or later..

Given the outrageous prices of prescription medications in the USA...I've wondered why hasn't some entrepreneur developed
a dApp that would allow users to use bitUSD or other bitasset bitPeso etc. to pay to their regular online discount pharmacy..not only would they save money on drug prices but also transaction costs, FX fees, etc..and the pharmacies would save on costs as well..

I think this is the kind of "Use Case" that could raise BTS market profile to the level of prominence that BTC and ETH enjoy even though it's obvious they're use for consumer payments is limited by transaction speed..