Author Topic: bitusd peg  (Read 7640 times)

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Offline bitstopia2049

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Re: bitusd peg
« Reply #15 on: March 10, 2019, 04:59:44 am »
By bidding for the settlement fund we are essentially bidding for a position at a specific bitusd/bts price?

      YES, ( and the more collateral you bid the better your position)

-If enough bids happen and this revives, we essentially skip the step of having to sell bitusd for bts in the open market after borrowing bitusd into existence?    YES, essentially

-If the above is correct and we had enough BTS backing, we could essentially open a position at $0.01 with 1k debt and 100k collateral?    YES,

but you would not want to tie up that much collateral for a relatively small amount of debt.....

a revival will only happen when the MCR is greater than 1.75....

 either because the feed price has increased sufficiently - e.g auto revival

 or because the total amount of collateral bids is greater than 1.75 x #bitshares in the settlement fund..

or some combination of both..

Offline bitstopia2049

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Re: bitusd peg
« Reply #16 on: March 10, 2019, 05:05:12 am »
is there anything being done to help restore it ?

https://youtu.be/IXOoZ8Zd2eA?t=1105

This discussion about cashless societies is describing a very negative future if allowed to grow without alternatives..

The quickly approaching dangers of centralization of payment systems....

Why isn't a Bitshares marketing worker or the Foundation or Cryptonomex promoting the hell out of  BTS as the antidote ?!

BTS marketcap should be at least $5-6 billion even in its current state!   

Where's a smart whale when you need one.... geez!

Offline bitstopia2049

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Re: bitusd peg
« Reply #17 on: March 17, 2019, 05:09:25 pm »
is there anything being done to help restore it ?

https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Maybe a marketing worker or the foundation could be tasked to show his campaign  how a smart contract and/or multi-sig wallet could ensure his campaign does not run afoul of the law -- i.e. receive contributions from US citizens only..

any BTS dev (Notestein?)could show that DPOS is by far the most eco-friendly crypto compared to the energy consumption of PoW consensus..
Climate change is going to be a major campaign issue obviously..

It could also inspire adoption of BTS and give a competitive advantage to dozens and dozens of vendors/contractors who want to supply tens of millions$ goods and services to the campaign
as it grows...think how much the vendors could save just on credit card fees alone..

Does Taggart or Stan read this board?  It is rare to have presidential candidate that understands crypto..

Anybody got any other BTS moon shot ideas?

Online Thul3

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Re: bitusd peg
« Reply #18 on: March 17, 2019, 10:59:14 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"
« Last Edit: March 17, 2019, 11:03:28 pm by Thul3 »

Offline bitstopia2049

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Re: bitusd peg
« Reply #19 on: March 18, 2019, 02:13:07 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Online Thul3

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Re: bitusd peg
« Reply #20 on: March 18, 2019, 03:10:08 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.
« Last Edit: March 18, 2019, 03:14:22 pm by Thul3 »

Offline bitstopia2049

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Re: bitusd peg
« Reply #21 on: March 18, 2019, 05:31:16 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.


I don't have much time now...but let me say this..

OK..so "they" have an agenda....but not everything they try to implement works....e.g.  look at the current state of the EU and Euro experiment.. there is as much incompentence, lack of knowledge, and corruption on "their" side as anywhere else..

Governments are not infallible...As history has shown every empire eventually implodes.not always for the same reasons..

My only suggestion here is that the BTS community collectively has to do something to raise the profile of BTS...

It has many advantages, in technology, finance, economics and energy consumption...there is no harm in trying to wake up a relatively small but influential part of the population to this fact..and at the same time be aware of the issues and dangers you speak of...

The irony is that BTS and its future iterations maybe the solution....

Offline bitstopia2049

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Re: bitusd peg
« Reply #22 on: March 19, 2019, 01:58:04 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.

While BTS (marketing worker) is sleeping..or not "wasting resources"

https://www.investors.com/news/technology/fis-acquire-worldpay-payment-processing/

Fidelity National Acquires Worldpay As Mergers Rock Payment Processing

https://www.techradar.com/news/worldpay-acquired-in-dollar35bn-deal

" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."


Whales must be able to see that right now BTS could easily capture 1+% of this growing market.

Offline sschiessl

Re: bitusd peg
« Reply #23 on: March 19, 2019, 06:46:50 pm »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Online Thul3

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Re: bitusd peg
« Reply #24 on: March 19, 2019, 06:56:07 pm »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.

While BTS (marketing worker) is sleeping..or not "wasting resources"

https://www.investors.com/news/technology/fis-acquire-worldpay-payment-processing/

Fidelity National Acquires Worldpay As Mergers Rock Payment Processing

https://www.techradar.com/news/worldpay-acquired-in-dollar35bn-deal

" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."


Whales must be able to see that right now BTS could easily capture 1+% of this growing market.


Quote
OK..so "they" have an agenda....but not everything they try to implement works....e.g.  look at the current state of the EU and Euro experiment.. there is as much incompentence, lack of knowledge, and corruption on "their" side as anywhere else..
Its not incompetence.They are professionals.How do i know they are professionals ?Because majority like you is unable to see their real intentions and classify them as incompetend where in reality they follow a strict agenda which they are pushing hard.
If you would watch more closely you would see eastern europe is already in the procress creating their own union and another group being sold as the solution to the incompetent people.
History repeats and people still didn't learn anything from it.

Quote
" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."

That claim is not difficult to make knowing when the governmental coins will come out.The first one will be presented on the olympic games in Tokio in 2020.
Why do you think all big banks are splitting into investment banks and customer banks ?
Preparing for something ?

Anyway you are free to do what you want and in what you belive.

Wish you good luck
« Last Edit: March 19, 2019, 07:04:32 pm by Thul3 »

Offline bitstopia2049

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Re: bitusd peg
« Reply #25 on: March 20, 2019, 03:44:43 am »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

Offline bitstopia2049

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Re: bitusd peg
« Reply #26 on: March 20, 2019, 04:21:21 am »
Quote
https://bitcoinist.com/andrew-yang-2020-president-bitcoin/

BTS community may have a window of opportunity here...Bitshares could get a lot of good (free) publicity out of this
if bitUSD, (or bitSilver or Gold) was his top crypto donation...instead of btc, eth, xmr, ltc, xrp    or others

Don't put your faith in him.Crypto is a governmental product.Bitcoin is the forerunner for a cashless society.
You should listen more to IWF so you will know what will happen once the transformation has been finished.
IWF even found a way to put negative rates on paper money which won't be exchanged into "virtual money"

So what would you suggest?   We try nothing..give up and go home...

It is not a matter of trusting him...

cashless societies or not....the critical factor is "who is the issuer of the currency"

BTS is decentralized, trustless, no counterparty, energy efficient..and someday (hopefully) stealth transactions and assets..


try to be a bit more optimistic... or less negative

IWF?  do u mean IMF

Its not about being negative.
Its about being realistic.
They are implementing the cashless society to implement another agenda they have.For that they need control over a coin.
The final goal is a governmental issued coin linked to a specific asset to limit Q3.
Bitcoin,Bitshares etc would be never accepted as major currency.Its a preperrer of their own governmental coins.
Bitshares however has the great potential to co-exist to governmental coins which bitcoin hasn't.

And like i said its not about being negative maybe just more well informed which may look outside like being one sided and negative.
Quote
We try nothing..give up and go home...
Never said that.What i said is it would be a waste of resouces trying your proposal as they follow their own agenda which is the opposite of ours.

But since bitshares is really decentralised noone is stopping you for going your own way which you choose as the right one.

While BTS (marketing worker) is sleeping..or not "wasting resources"

https://www.investors.com/news/technology/fis-acquire-worldpay-payment-processing/

Fidelity National Acquires Worldpay As Mergers Rock Payment Processing

https://www.techradar.com/news/worldpay-acquired-in-dollar35bn-deal

" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."


Whales must be able to see that right now BTS could easily capture 1+% of this growing market.


Quote
OK..so "they" have an agenda....but not everything they try to implement works....e.g.  look at the current state of the EU and Euro experiment.. there is as much incompentence, lack of knowledge, and corruption on "their" side as anywhere else..
Its not incompetence.They are professionals.How do i know they are professionals ?Because majority like you is unable to see their real intentions and classify them as incompetend where in reality they follow a strict agenda which they are pushing hard.
If you would watch more closely you would see eastern europe is already in the procress creating their own union and another group being sold as the solution to the incompetent people.
History repeats and people still didn't learn anything from it.

Quote
" While other industries have grown increasingly concerned about trade tensions and a global economic slowdown, the financial technology sector is consolidating at a rapid rate with McKinsey predicting that global payments will reach $3tn a year in revenue by 2023."

That claim is not difficult to make knowing when the governmental coins will come out.The first one will be presented on the olympic games in Tokio in 2020.
Why do you think all big banks are splitting into investment banks and customer banks ?
Preparing for something ?

Anyway you are free to do what you want and in what you belive.

Wish you good luck

Thanks..I think if the BTS community pulls together anything is possible..
Bitshares can be a useful tool, whether in Eastern Europe or anywhere in the world..

The Big Banks (US) were initially separated into retail banking and investment banking since 1933 before President Clinton signed a repeal of the Glass-Steagall Act in 1999...Predictably their Greed ran wild and we had the financial meltdown in 2008..

Yes it is true, if you do not heed the lessons of history you are doomed to repeat it...

So let's be smart and not repeat it...Bitshares  {I also understand EOS is outpacing ETH in terms of platform adoption}  being part of the Graphene family is a major advantage...The BTS community (& marketing) just needs to show the world...Who knows maybe the "professionals" will get a surprise in Tokyo 2020  :-)

Offline sschiessl

Re: bitusd peg
« Reply #27 on: March 20, 2019, 06:53:32 am »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

You can reach me
 - in here
 - in telegram via @sschiessl
 - via email [email protected]

Thanks!

Offline bitstopia2049

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Re: bitusd peg
« Reply #28 on: March 20, 2019, 03:30:09 pm »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

You can reach me
 - in here
 - in telegram via @sschiessl
 - via email [email protected]

Thanks!

OK I have sent you a PM in here..

20-03-19

coinmarketcap top 100


Market cap 140.226 billion...with BTC accounting for almost 51%

ETC ~ 500m (19)
Waves ~ 279m (25)
Doge ~ 244m (26)

BTS ~136m  (46) 0.097%
and then looking at the Blocktvity Index...and BTS has an AVI almost 1099 !   

(WAX has the highest AVI but the index counts Transactions not Operations)


So stating the obvious hyperbolically

BTS is criminally and insanely undervalued...but then again we are living in age where you don't have to be smart to get into Yale, Stanford, USC, University of Texas, UCLA, etc. or even be an athlete to get an athletic scholarship

..Makes you wonder about the engineers working on Boeing 737 Max 8..

Offline bitstopia2049

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Re: bitusd peg
« Reply #29 on: March 21, 2019, 04:06:09 pm »
Please voice your wishes, suggestions or ideas for the marketing worker in a constructive way, I will happily listen.

Thanks for replying......I thought I was being "constructive" .. I guess it's a matter of perspective..

I think it would be prudent to send you my thoughts via PM first..I'm sure there are BTS competitors who do not want to see any Bitshares success...as well as those who flood threads with spam...

You can reach me
 - in here
 - in telegram via @sschiessl
 - via email [email protected]

Thanks!

Visa is unlikely to ever reduce their fees..

https://bitcoinist.com/kroger-smiths-visa-bitcoin-lightning-network/

[excerpt...

US retail giant, Kroger, is no longer accepting Visa credit cards at its chain of Smith’s food and drug stores. So Anthony Pompliano tweeted an offer to hook them up with Bitcoin’s Lightning Network nationwide

........In the circumstances, it seemed only natural for somebody to suggest a crypto alternative,
        A couple of hours later a product manager from Kroger Digital tweeted a response and set up a conversation.

....The Morgan Creek Digital team will fly to meet them and get them hooked up with the Lightning Network nationwide.

...Obviously, the Ripple army dove right onto this, questioning Lightning Network’s readiness, and suggesting XRP as a better alternative....]


If the Ripple promoters can jump in why can't the BTS marketing worker make a pitch...After all, ONLY the foundation and an approved worker are the only legal reps for Bitshares..

Even if they choose BTC or XRP or something else...just by BTS marketing worker making the effort will put Bitshares on their radar screen...not to mention if it is used by a presidential campaign..

I think if there is one downside to decentralization is that there is no leader or CEO to take charge and provide the drive and vision going forward...

Given this retailer is the largest in the country..it would be easy to also show how they could also immensely profit by simply creating a loyalty type token using the HERO type business model..
in addition to their cost saving on credit card fees...

It would certainly spur accelerated development of the BTS mobile app..  Whatever happened to.BLOCKPAY as the POS terminal solution...?

Sometimes I wish Bitshares whales would just vote in a temporary CEO..so it could have a leader to  get things done.
« Last Edit: March 21, 2019, 04:12:39 pm by bitstopia2049 »