Author Topic: [BBF] Obtaining necessary BitAssets for Worker payouts  (Read 890 times)

0 Members and 1 Guest are viewing this topic.

Offline sschiessl

[BBF] Obtaining necessary BitAssets for Worker payouts
« on: September 10, 2019, 01:39:00 pm »
Dear BitShares Community,

the BitShares Blockchain Foundation is always looking to obtain
bitCNY, bitUSD and bitEUR at reasonable rates for worker payouts. As a part of the larger
BitShares community considers obtaining those BitAssets in the decentralized markets
disruptive, we are now looking for other ways to obtain them and bridge the gap
between operational needs and the desire to sustain a certain price level and
liquidity in the BitShares DEX.

Hence, we offer peer-to-peer sales of BTS for bitCNY as a one time
trial. This is a step towards the community's concerns to reduce sell
pressure on the BitShares DEX. In the case that this is successful today
we will be exploring possibilities for more extensive use.

The requirements for participation in such a trade are:
 * Minimum batch size of 100,000 bitCNY
 * Up to 600,000 bitCNY
 * Sale/Trade at market price
 * Trades will be executed as a "barter proposal" on the BitShares
   blockchain (risk free for both parties)
 * The offer is limited until Sept. 11th 23:59:59 UTC

To get in contact, please send an email to `[email protected]`.

This message was redirected by me to the forums on behalf of the BitShares Blockchain Foundation. I personally do not speak for the BBF.
« Last Edit: September 10, 2019, 03:31:19 pm by sschiessl »

Offline SubstantialAnything

  • Newbie
  • *
  • Posts: 8
    • View Profile
Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #1 on: September 14, 2019, 04:21:41 am »
Thanks for the initiative.

Any idea how this went? Was anyone able to help?
Kristin, Head of Design | www.bitspark.io

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 3883
    • View Profile
    • Steemit Blog
  • BitShares: abit
  • GitHub: abitmore
Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #2 on: September 14, 2019, 07:36:53 pm »
If they didn't ask for communication via email only, I could help a bit.
BTS account: abit
BTS committee member: abit
BTS witness: in.abit

Offline sschiessl

Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #3 on: September 15, 2019, 10:09:44 am »
If they didn't ask for communication via email only, I could help a bit.

I can forward any serious request as well if necessary.

Offline chigbolu

  • Newbie
  • *
  • Posts: 19
    • View Profile
  • BitShares: vnc-7
Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #4 on: September 16, 2019, 03:20:37 pm »
A report on how successful the process went would be great

Sent from my Infinix X605 using Tapatalk


Offline sschiessl

Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #5 on: September 16, 2019, 03:26:55 pm »
A report on how successful the process went would be great

Sent from my Infinix X605 using Tapatalk

If any trade would happen you can observe it on the blockchain https://wallet.bitshares.org/#/account/workers.bitshares.foundation, and I expect that it will be added in the corresponding worker in the trade overview presented on https://workers.bitshares.foundation/


Offline bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1654
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #6 on: September 18, 2019, 03:22:02 pm »
any solution found?
anyone will offer the bitCNY liquidity or BBF plan to pay BTS directly to workers as salary?

Offline Digital Lucifer

  • Global Moderator
  • Sr. Member
  • *****
  • Posts: 323
  • 13 years of being Slackware abUser
    • View Profile
    • BitShares 3.0
  • BitShares: dls.cipher
  • GitHub: dls-cipher
Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #7 on: September 19, 2019, 06:46:57 am »
any solution found?
anyone will offer the bitCNY liquidity or BBF plan to pay BTS directly to workers as salary?

Current accounting system can't do payouts in BTS directly and that's the whole point why we have Escrow. Checkout history of BitShares so you could become aware what issues in the past BitShares workers had with payouts directly in BTS when we had no escrow.

Core developers can explain a bit more, they were most damaged party in the past.

P.S. Even title says "Necessary bitassets"

Chee®s
Milos (DL) Preocanin
Owner and manager of bitshares.org through Consensus
Move Institute - RN: 2098555000
Murska Sobota, Slovenia, SI.

Offline sschiessl

Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #8 on: September 19, 2019, 11:59:43 am »
There was a market order at almost feed price from zuyang4 with over 600k bitCNY just now. It has been matched by BBF for worker payments. Sold were 2311473.16070 BTS and received 555499.98130 bitCNY, which equals a price of 4.161 BTS/bitCNY.

https://bts.ai/block/41100962

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 3883
    • View Profile
    • Steemit Blog
  • BitShares: abit
  • GitHub: abitmore
Re: [BBF] Obtaining necessary BitAssets for Worker payouts
« Reply #9 on: September 20, 2019, 04:10:16 pm »
There was a market order at almost feed price from zuyang4 with over 600k bitCNY just now. It has been matched by BBF for worker payments. Sold were 2311473.16070 BTS and received 555499.98130 bitCNY, which equals a price of 4.161 BTS/bitCNY.

https://bts.ai/block/41100962
Nice.
BTS account: abit
BTS committee member: abit
BTS witness: in.abit