Author Topic: [Poll] BAIP6: BTS-DEX economic model  (Read 3241 times)

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Offline bitcrab

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[Poll] BAIP6: BTS-DEX economic model
« on: May 25, 2020, 01:59:06 pm »
BAIP6(https://github.com/bitshares/baips/blob/master/baip-0006.md) is a new drafted proposal that consist of the updated Market Making contest(Ordering Mining) rule and some other parts, the purpose is to cultivate the market depth and the trading activeness in BTS-DEX through a task distribution mechanism, and to increase the system income to buy back BTS to create value for BTS stake holders.

Now 2 poll workers have been created:

1.14.260 Poll-BAIP6-Implement BTS-DEX economic model
1.14.261 Poll-BAIP6-Do Not Implement BTS-DEX economic model

According to BAIP procedure definition, the BAIP6 will be considered approved while below 3 criteria are met:

1.worker 1.14.260 get more voting power than 1.14.261 worker.
2.worker 1.14.260 get more voting power than BAIP-Threshold Worker 1.14.236.
3.Both No.1 & 2 above last for three consecutive days.

Kindly Reminder:

BTS-DEX try to make sure,but do not guarantee that the listed gateways always provide liable service and is not legally responsible for that, users need to judge the service liability of the gateways by him/herself.

As RuDEX and XBTSX claimed not to participate the subsequent Ordering Mining, at the beginning only GDEX is included in the gateway list,  however any qualified gateway is welcomed to join after the Ordering Mining begin if the gateway accept the mentioned conditions in the BAIP.

Please vote according to your opinion.


BAIP6(https://github.com/bitshares/baips/blob/master/baip-0006.md)
是新起草的包含交易大赛(挂单挖矿)和销毁的部分的提案,目的在于用去中心化分发任务的方式来培育市场深度,刺激交易活跃度,提升系统收入,为BTS持有者创造价值。

现在有两个投票提案被创建:
1.14.260 Poll-BAIP6-Implement BTS-DEX economic model   ##赞同实施BAIP6
1.14.261 Poll-BAIP6-Do Not Implement BTS-DEX economic model  ## 反对实施BAIP6

根据BAIP流程,当以下三个条件满足时,BAIP6将被视为被社区批准实施:
1.提案 1.14.260 获得投票高于提案 1.14.261.
2.提案 1.14.260 获得投票高于提案 BAIP门槛提案 1.14.236.
3.以上两种状态持续三天以上。

友情提醒:

BTS-DEX尽力确认,但无法保证挂单挖矿涉及到的网关可持续提供可靠服务,也不对此负法律责任,请用户自行判断所涉网关的服务可靠性。

因为RuDEX and XBTSX宣布不参加接下来的挂单挖矿,开始的时候挂单挖矿将只包括GDEX一家网关,但欢迎任何服务达标且接受BAIP6中描述的参加条件的网关在后续时间选择加入。

请投出您神圣的一票!
« Last Edit: May 25, 2020, 03:27:16 pm by bitcrab »

Online blockchained

Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #1 on: May 25, 2020, 05:45:39 pm »
So basically it's just the money for the gdex MM/fees from a reserve pool. Rejected

Offline serdrdoor

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #2 on: May 25, 2020, 06:30:34 pm »
Where the SPRING fund of 50 million BTS ?
Where >30 million BTS accumulated earlier with a trade fee of bitCNY and bitUSD ?
They disappeared under the brilliant guidance of our wise leadership...

Left crumbs.
The whole market ate margin calls...
CNY and USD prices froze .. why? Because there were manipulations as we are told. But now there is no manipulation - the prices are relevant. And why are prices frozen for quotes?

Because it was a pretext only to introduce new rules.

Offline Mateusz

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #3 on: May 25, 2020, 07:04:29 pm »
BAIP6(https://github.com/bitshares/baips/blob/master/baip-0006.md) is a new drafted proposal that consist of the updated Market Making contest(Ordering Mining) rule and some other parts, the purpose is to cultivate the market depth and the trading activeness in BTS-DEX through a task distribution mechanism, and to increase the system income to buy back BTS to create value for BTS stake holders.

Now 2 poll workers have been created:

1.14.260 Poll-BAIP6-Implement BTS-DEX economic model
1.14.261 Poll-BAIP6-Do Not Implement BTS-DEX economic model

According to BAIP procedure definition, the BAIP6 will be considered approved while below 3 criteria are met:

1.worker 1.14.260 get more voting power than 1.14.261 worker.
2.worker 1.14.260 get more voting power than BAIP-Threshold Worker 1.14.236.
3.Both No.1 & 2 above last for three consecutive days.

Kindly Reminder:

BTS-DEX try to make sure,but do not guarantee that the listed gateways always provide liable service and is not legally responsible for that, users need to judge the service liability of the gateways by him/herself.

As RuDEX and XBTSX claimed not to participate the subsequent Ordering Mining, at the beginning only GDEX is included in the gateway list,  however any qualified gateway is welcomed to join after the Ordering Mining begin if the gateway accept the mentioned conditions in the BAIP.

Please vote according to your opinion.

Placing additional burden on the actual value creators in the network, especially in this hard time, is irrational. This is another attempt in a series of failures at financial engineering and makes further -90% drop in the price of BTS likely. How much more money do you need to lose before you admit failure and reverse course? Rejected.

Offline binggo

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #4 on: May 25, 2020, 09:54:32 pm »
Rejected.

If this economy model is so good, why GDEX didn't use it on GDEX? The GDP economy model of GDEX has been failure long long time ago, if this economy model was so good as bitcrab's description, why GDEX didn't spend money to do it in GDEX? it can't make GDEX become more better or greater?

MM spend too much but get very little. The recent MM last a long time, the organizer of MM and committee didn't give the detail data until now, how much did the MM spend totally? how many new users increase? how many daily users have in each trading pairs? how to evaluate these result?

And the fund of last MM didn't have a vote by bts holders, why did the committee spend thess money without the approval of bts holders, the committee should give a explanation.

The source of fund of bsip86 has legal risk, the committee didn't give a explanation to bts holders.

The last MM almost was controlled by the designer of MM,the committee almost didn't have the ability to control the MM.

This BSIP give the committee a very bid power of using fund, this is very dangerous, it will make the transfer of benifit become very easily,and it will be very easily out of control.

The committee always didn't follow the vote result of bts holders, there has a destruction proposal, the committee did not obey this proposal!

反对.

如果这个经济模型这么好,为什么GDEX不自己采用?GDEX的GDP似乎很早就失败了吧,试问,GDEX给GDP赋能了吗?!如果这个经济模型如描述的那么好,难道GDEX不应该自己先采用吗?它难道不能使GDEX变得更好?

交易大赛花费远远大于所得,上一次大赛的时间也不短,大赛组织者与理事会并没有给出具体数据,大赛总花费多少,新用户增量多少?日活人数多少?
而且上一次大赛资金的支出并没有经过bts.持有人投票,理事会需要对此做出说明,理事会依据什么规则花费了这笔资金?

大赛的资金来源BSIP86存有法律问题,理事会并没有对此跟bts持有人做出解释说明.

这个提案给了理事会非常大的资金权力,利益输送变得非常容易, 而且极易失控。

上一个交易大赛已经出现了,设计者控制大赛的情况,理事会几无控制权。

理事会经常不遵守bts持有人的投票结果,现在有一个销毁提案,理事会并没有按照提案内容严格执行。
« Last Edit: May 26, 2020, 03:22:09 am by binggo »

Offline bitcrab

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #5 on: May 26, 2020, 01:40:39 am »
So basically it's just the money for the gdex MM/fees from a reserve pool. Rejected

it's designed for all qualified gateways.

Offline R

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #6 on: May 26, 2020, 07:45:45 pm »
Reject.

Offline Thul3

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #7 on: May 26, 2020, 07:56:49 pm »
voted against

would be better to focus on getting real price feed back which would automaticly increase the trading on bitassets and non custodial trading.



Also

Quote
gateway need to pay 20% of the market fee of the listed gateway assets pairs to committee assigned account, the reward to pairs with the gateway asset will stop if more than 1K BTS fee are not paid.
Are now voters going to decide how much gateways need to pay ?


Quote
According to BAIP procedure definition, the BAIP6 will be considered approved while below 3 criteria are met:

1.worker 1.14.260 get more voting power than 1.14.261 worker.
2.worker 1.14.260 get more voting power than BAIP-Threshold Worker 1.14.236.
3.Both No.1 & 2 above last for three consecutive days.

This is also false.
The worker 1.14.200 already says what has to be done with income from fee's .
To get active you need to surpass that worker.
« Last Edit: May 26, 2020, 08:19:26 pm by Thul3 »

Offline bitcrab

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #8 on: May 27, 2020, 06:26:25 am »
voted against

would be better to focus on getting real price feed back which would automaticly increase the trading on bitassets and non custodial trading.

These are 2 problems, and I still prefer to do adjustment on price feed when the price is stablized above the threshold. otherwise there will be repeated hurting and endless debate.

Quote
gateway need to pay 20% of the market fee of the listed gateway assets pairs to committee assigned account, the reward to pairs with the gateway asset will stop if more than 1K BTS fee are not paid.
Are now voters going to decide how much gateways need to pay ?
approving the proposal means approving the parameters inside it, changes to key parameters need voting, there are descriptions inside the proposal.

Online blockchained

Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #9 on: May 27, 2020, 02:44:37 pm »
So basically it's just the money for the gdex MM/fees from a reserve pool. Rejected

it's designed for all qualified gateways.

it's designed to grab money from reserve pool as I see it

Offline binggo

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #10 on: May 29, 2020, 08:28:29 pm »
So basically it's just the money for the gdex MM/fees from a reserve pool. Rejected

it's designed for all qualified gateways.

it's designed to grab money from reserve pool as I see it

You should vote for this BAIP 1.14.236 (BAIP-Threshold) to against BAIP6.

Anybody think the money belong to the community should vote for BAIP-Threshold.


And i think BAIP6 didn't belong to BAIP, it should be a BSIP, the fund didn't only come from bitasset.

and only one gateway participate in, no competitor, any committees vote for this involve transfer of benifits.

理事的屁股不要坐到不该坐的地方。

« Last Edit: May 29, 2020, 09:03:46 pm by binggo »

Offline bitcrab

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #11 on: May 30, 2020, 04:28:49 am »
Mark at this moment:

1.14.260   Poll-BAIP6-Implement BTS-DEX economic model                  471,277,721
1.14.236   BAIP-Threshold                                                                  466,678,583
1.14.261   Poll-BAIP6-Do Not Implement BTS-DEX economic model     136,354,157

Online blockchained

Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #12 on: May 30, 2020, 11:42:07 am »
Mark at this moment:

1.14.236   BAIP-Threshold                                                                       483 518 895
1.14.260   Poll-BAIP6-Implement BTS-DEX economic model                  471,277,721
1.14.261   Poll-BAIP6-Do Not Implement BTS-DEX economic model     136,354,157

Online blockchained

Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #13 on: May 30, 2020, 11:45:16 am »
So basically it's just the money for the gdex MM/fees from a reserve pool. Rejected

it's designed for all qualified gateways.

it's designed to grab money from reserve pool as I see it

You should vote for this BAIP 1.14.236 (BAIP-Threshold) to against BAIP6.

Anybody think the money belong to the community should vote for BAIP-Threshold.


And i think BAIP6 didn't belong to BAIP, it should be a BSIP, the fund didn't only come from bitasset.

and only one gateway participate in, no competitor, any committees vote for this involve transfer of benifits.

理事的屁股不要坐到不该坐的地方。

abit use the bot to mute admins in bitshares chat so only way community see it if they come to this forum,
in chat, abit abuse his admin power to silence those who against his agenda
« Last Edit: May 30, 2020, 01:08:51 pm by blockchained »

Offline Thul3

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Re: [Poll] BAIP6: BTS-DEX economic model
« Reply #14 on: May 30, 2020, 12:24:17 pm »
So basically it's just the money for the gdex MM/fees from a reserve pool. Rejected

it's designed for all qualified gateways.

it's designed to grab money from reserve pool as I see it

You should vote for this BAIP 1.14.236 (BAIP-Threshold) to against BAIP6.

Anybody think the money belong to the community should vote for BAIP-Threshold.


And i think BAIP6 didn't belong to BAIP, it should be a BSIP, the fund didn't only come from bitasset.

and only one gateway participate in, no competitor, any committees vote for this involve transfer of benifits.

理事的屁股不要坐到不该坐的地方。

alt use the bot to mute admins in bitshares chat so only way community see it if they come to this forum,
in chat, alt abuse his admin power to silence those who against his agenda


blockchained mistakenly wrote alt instead of abit.
But i fully agree.
This voting can't be seen serious when Abit muted on chat people who were against it.
There is no possibility for them to inform that community about the voting requesting to vote against it or even discuss about it.
Even Abit didn't informed there about that voting knowing there is no support for it.
The only one who is left being allowed to talk there is Abit.

So anyways personly i see this voting as non conform as people can't support their point of view on the community channels if its diffrent to Abits opinion as he knows a clear majority
is against it even BEOS but why inform them about that voting when it is not in his favour so he mutes everyone even Stan so there can't be any discussion anymore between people very often disagreeing to his opinion.
« Last Edit: May 30, 2020, 03:32:46 pm by Thul3 »