Author Topic: bitusd peg  (Read 3722 times)

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Offline pc

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Re: bitusd peg
« Reply #75 on: May 30, 2019, 07:36:49 am »
Open Market or Insurance Fund or Reserve Fund

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.

Point is this ....needs to get started or once again an opportunity will be blown..

Then go ahead and write a specification. Answering a few select questions on a simple example is not one.
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Offline bitstopia2049

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Re: bitusd peg
« Reply #76 on: May 30, 2019, 11:09:20 am »
Open Market or Insurance Fund or Reserve Fund

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.

Point is this ....needs to get started or once again an opportunity will be blown..

Then go ahead and write a specification. Answering a few select questions on a simple example is not one.

I could engage but..
It always comes down to this...everything gets personal.

If the whales have the most votes..stand to benefit the most..and are adept at writing "specifications" given the constant tinkering over MCR,, MSSR.etc.etc.,   (and history shows they are the only proposals that get approved..)..is it minnows responsibility to write specifications...that's like a lawyer disagreeing with his client and having a tantrum and says, "OK..go ahead..represent yourself in court"...

and yet your reply to me is " go ahead you do it..".....

You know what...I'm done.....Keep talking to yourselves...I'm sure shortly there will be a stampede of buyers for BTS because...MCR is now 1.6!

In sports when the team players, the manager, the owners, the sponsors, the fans are all bickering because of the franchises losing record..

  there is a saying..."Winning solves a lot of problems"..

If we're going to make it personal..

Engineers are not Marketers and Marketers are not Engineers...

e.g   Steve Jobs and Stephen Wozniak...made Apple Inc..a winner
« Last Edit: May 30, 2019, 07:17:50 pm by bitstopia2049 »

Offline pc

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Re: bitusd peg
« Reply #77 on: May 31, 2019, 07:24:43 am »
It always comes down to this...everything gets personal.

I'm sorry if my tone was offensive. It wasn't meant to be.

What I'm trying to say is - it's easy to say "we need this" but it's damn hard to get the details right. I don't see how this idea could be made to work, and despite the fact that it has been brought up repeatedly over the past two years or so, *nobody* has come up with a detailed description of *how exactly* it could be done.

That's why I say "Write a BSIP". *Someone* has to come up and describe the mechanics of a bitasset that is backed by multiple tokes at once. You don't need a deep understanding of MCR and MSSR. Maybe it's even better if you don't know much about these, and come up with your own ideas instead. Write down what you think it means to have an asset backed by two other assets. Describe what different actors in this model can do, like short tokens, trade tokens, settle tokens.

Once you're finished, start attacking your model with questions like mine above - "What if...?". If you model has an answer to all your questions it might be time to show it to the public, and see how it holds against *their* questions. I'm pretty sure if you come up with a working model it will be accepted.
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Offline larsonreever

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Re: bitusd peg
« Reply #78 on: May 31, 2019, 08:09:26 am »
There's no step by step instructions in the Tech Support section of the forum either..

Offline bitstopia2049

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Re: bitusd peg
« Reply #79 on: May 31, 2019, 05:55:17 pm »
It always comes down to this...everything gets personal.

I'm sorry if my tone was offensive. It wasn't meant to be.

What I'm trying to say is - it's easy to say "we need this" but it's damn hard to get the details right. I don't see how this idea could be made to work, and despite the fact that it has been brought up repeatedly over the past two years or so, *nobody* has come up with a detailed description of *how exactly* it could be done.

That's why I say "Write a BSIP". *Someone* has to come up and describe the mechanics of a bitasset that is backed by multiple tokes at once. You don't need a deep understanding of MCR and MSSR. Maybe it's even better if you don't know much about these, and come up with your own ideas instead. Write down what you think it means to have an asset backed by two other assets. Describe what different actors in this model can do, like short tokens, trade tokens, settle tokens.

Once you're finished, start attacking your model with questions like mine above - "What if...?". If you model has an answer to all your questions it might be time to show it to the public, and see how it holds against *their* questions. I'm pretty sure if you come up with a working model it will be accepted.

Thanks for your reply...No worries...I understand your dilemma.

Part of my exasperation is that it SEEMS like the marketing aspect of BTS does not get the support or attention from Whales that it needs ..and of course given the BTS governance structure that is the only type of attention that matters..

What's frustrating to me (and I suspect many others) is that there never seems to be even a consensus to TRY something ..any marketing effort that all supporters of BTS can contribute to..(whether whales or not)...https://bitsharestalk.org/index.php?topic=27733.msg328382#msg328382

As I said in this thread 60+ days ago  "we won't succeed  if we don't try"   (https://bitsharestalk.org/index.php?topic=27733.msg328539#msg328539)

A lot of energy just gets dissipated in debate & dispute...and the perfect (solution) becomes the enemy of the good..

e.g..The above referenced analysis done by Mr. Cryptic1 at dexbot.info....I thought there might at least be a discussion on here regarding the report's conclusions and/or suggestions by subject matter experts,

The report clearly states,

"...factors that need widespread dissemination and discussion. I believe all policy makers would be better informed after considering the ideas contained here in.." 

My perception is that for such a long time marketing efforts are invariably submerged by what seems like a singular focus on the financial engineering aspects of the ecosystem..which by it's nature tends to dissuade a part of the BTS community from joining the discussion...including newbies, (i.e community growth)..

If anyone other than a whale or some sort of influential equivalent poses marketing ideas it shouldn't feel like a thankless task to be ignored or maybe a vector for personal attack, I for one would just consider it  like  "open source brainstorming"...

My attempts to start a discussion ..feels like tossing confetti into the wind instead of seeds onto soil. . 
(but we were in agreement here....https://bitsharestalk.org/index.php?topic=27733.msg328409#msg328409)..

If the discussions on here are made more appealing..maybe some solution to the questions you pose (regarding allowing BitAssets to be backed by other coins), might emerge from the collective wisdom and energy of a larger group of participants...You never know when or how a moment of inspiration will occur....

Speaking of which...a moonshot idea occurred to me whilst in the kitchen...

so I sent bitcrab a PM....instead of giving up and not even trying...I think that was the responsible thing to do..