Main > General Discussion
bitusd peg
bitstopia2049:
--- Quote from: bitsharesbagholder on January 11, 2019, 01:48:50 pm ---is there anything being done to help restore it ?
--- End quote ---
https://decrypt.co/8195/retail-giant-walmart-mulls-centralized-stablecoin?utm_source=feed&utm_medium=Feed
https://beincrypto.com/walmart-follows-facebooks-footsteps-filing-new-digital-currency-patent/
20190323
https://bitsharestalk.org/index.php?topic=27733.msg328409#msg328409
https://bitsharestalk.org/index.php?topic=27733.msg328431#msg328431
bitstopia2049:
--- Quote from: bitstopia2049 on July 27, 2019, 08:44:54 pm ---
--- Quote from: pc on May 30, 2019, 07:36:49 am ---
--- Quote from: bitstopia2049 on May 29, 2019, 11:07:48 am ---Open Market or Insurance Fund or Reserve Fund
--- End quote ---
Settlement is mostly meant to be used when the market does not provide sufficient liquidity, so that's not an answer.
We don't have an Insurance Fund, so you must spec out that too.
We have so far strictly avoided using the reserves for bailing out speculators, and IMO that's a good thing. I hope such a proposal will have little chance to succeed.
--- Quote from: bitstopia2049 on May 29, 2019, 11:07:48 am ---Point is this ....needs to get started or once again an opportunity will be blown..
--- End quote ---
Then go ahead and write a specification. Answering a few select questions on a simple example is not one.
--- End quote ---
To sschiessl ..or any dev who has time..
Is the current version of HTLC considered "trustless" or will that be a feature in the next iteration?
https://github.com/bitshares/bitshares-core/wiki/HTLC
As currently shown...............https://wallet.bitshares.org/#/htlc
In this version
" 5. Redeem the HTLC (recipient)
bob will obtain the preimage from alice, likely after performing the agreed upon task..."
If alice decides not to send the preimage even after the task is completed ...then bob is .....?
If truly trustless this could be a solution to above problem....(at least until something better comes along, if ever..)
https://bitsharestalk.org/index.php?topic=27733.msg330985#msg330985
https://bitsharestalk.org/index.php?topic=28491.msg331534#msg331534
--- End quote ---
To sschiessl ..or any dev anyone with knowledge on the issue who has time..?
bitstopia2049:
UPDATE
This movie did not have a happy ending...
https://decrypt.co/8086/bitmarket-exchange-tobias-nemiro-dead-poland
Co-owner of shuttered Polish cryptocurrency exchange Bitmarket found dead
The body of Tobias Niemiro was discovered yesterday with a bullet shot to the head.
By Adriana Hamacher
July 26, 2019
Police are investigating the death of Tobias Niemiro, a Polish entrepreneur and co-owner of cryptocurrency exchange Bitmarket, which closed on July 8 under suspicious circumstances.
Niemiro’s body was found with a bullet wound to the head on Thursday in a forest near his home city of Olsztyn, three hours from the Polish capital, Warsaw, according to local radio. The exact circumstances of his death are, as yet, unconfirmed.
Poland’s leading newspaper, Gazeta Wyborcza, which has been heavily following the story, suggested that Niemiro, 44, had committed suicide.
bitstopia2049:
--- Quote from: pc on May 30, 2019, 07:36:49 am ---
--- Quote from: bitstopia2049 on May 29, 2019, 11:07:48 am ---Open Market or Insurance Fund or Reserve Fund
--- End quote ---
Settlement is mostly meant to be used when the market does not provide sufficient liquidity, so that's not an answer.
We don't have an Insurance Fund, so you must spec out that too.
We have so far strictly avoided using the reserves for bailing out speculators, and IMO that's a good thing. I hope such a proposal will have little chance to succeed.
--- Quote from: bitstopia2049 on May 29, 2019, 11:07:48 am ---Point is this ....needs to get started or once again an opportunity will be blown..
--- End quote ---
Then go ahead and write a specification. Answering a few select questions on a simple example is not one.
--- End quote ---
To sschiessl ..or any dev who has time..
Is the current version of HTLC considered "trustless" or will that be a feature in the next iteration?
https://github.com/bitshares/bitshares-core/wiki/HTLC
As currently shown...............https://wallet.bitshares.org/#/htlc
In this version
" 5. Redeem the HTLC (recipient)
bob will obtain the preimage from alice, likely after performing the agreed upon task..."
If alice decides not to send the preimage even after the task is completed ...then bob is .....?
If truly trustless this could be a solution to above problem....(at least until something better comes along, if ever..)
https://bitsharestalk.org/index.php?topic=27733.msg330985#msg330985
https://bitsharestalk.org/index.php?topic=28491.msg331534#msg331534
bitstopia2049:
--- Quote from: bench on July 11, 2019, 10:12:21 pm ---
--- Quote from: abit on July 11, 2019, 06:32:00 pm ---We are close to blackswan again. Least collateral ratio 1.272
--- End quote ---
Compaired to bitCNY, bitUSD has almost zero buying volume.
--- End quote ---
We all use these types of products...every day...
https://www.indiegogo.com/projects/public-goods-revolutionizing-household-products--3#/
This is a young company. HQ in NYC..{a crowdfunded startup}....I expect that if the foundation reached out and educated them ..BBF could negotiate acceptance of bitUSD and other smartcoins ...
This is something ALL BitShares supporters (regardless of faction) can support...We ALL spend hundreds of dollars on products like these over the course of weeks or months...so why not ?
In particular the female demograpic is sorely lacking in the crypto world and they generally do the spending, budgeting and influencing when it comes to household shopping..
This is the type of demographic that can appreciate the money savings that BTS can provide on transaction fees
and could also be producers of stablecoins.as well as save on credit card interest / paypal fees..and gain potential earnings from referral fees..
This is a use case with the potential to also illustrate to other merchants the superiority of BTS blockchain for retail sales...
[Note: the developer who started DOGECOIN in 2014 was motivated " to create a fun cryptocurrency that could reach a broader demographic than Bitcoin." and now...
(Today: #28 US $404.6 m Market Cap and $41m 24hr Vol.) #61 BTS:139m / 2.095 m]
https://www.crowdfundinsider.com/2019/05/147081-coinbase-announces-support-for-dogecoin-doge-on-coinbase-wallet/
=========================
There are some youtube links with honest (not sponsored) reviews below...
https://www.indiegogo.com/projects/public-goods-revolutionizing-household-products--3#/
https://blog.publicgoods.com/
https://blog.publicgoods.com/how-to-choose-the-right-filter-for-your-drinking-water/
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