BitAssets 1.0 reloaded (latest update 2021-09-28)

[abit]

2021-09-28 UPDATE:

1. Price feed parameters adjustment (except SILVER1.0):

* minimum feeds adjusted to 2
* Price feed producers list adjusted to:
1.2.183     hiquanta
1.2.738675  xbtsio-wallet
1.2.987999  zapata42-witness
1.2.1035733 syalon

More info (a post in Chinese): https://bitsharestalk.org/index.php?topic=32648.msg346500#msg346500

Note: SILVER1.0 has been globally settled due to a black swan event, thus unable to adjust the parameters at this moment. Total settlement fund is 776 BTS.

2. The 2nd compensation for price feed producers (a post in Chinese): https://bitsharestalk.org/index.php?topic=33275.msg346510#msg346510

[abit]

Removing these price feed producers since they haven't provided price feeds.
* sahkan-bitshares
* clockwork

Adding:
* xn-delegate

[sahkan]

I understand.

Not only you, but also many of us have contributed and invested a lot without getting much back.

However, the chain still needs more contributions and engagements to move forward. In this sense, I would prefer allocating more resources to the ones who are actively contributing, but give less weight on contributions in the past.

By the way, IMHO it's a waste of resources if everyone piles on providing the same services, especially when our resources are limited. The law of diminishing marginal utility applies. It is best for everyone to find a position that is not easily replaced by others.

I understand. Seems that it's your show now, hope you guys can get BTS back on track.

[abit]

I understand.

Not only you, but also many of us have contributed and invested a lot without getting much back.

However, the chain still needs more contributions and engagements to move forward. In this sense, I would prefer allocating more resources to the ones who are actively contributing, but give less weight on contributions in the past.

By the way, IMHO it's a waste of resources if everyone piles on providing the same services, especially when our resources are limited. The law of diminishing marginal utility applies. It is best for everyone to find a position that is not easily replaced by others.

[sahkan]

I can help out with the feeds.

Any update please? I've added you as a feed producer but you've never published feeds?

I am out of active witness rotation. Hard to plan and jump on anything if my witness gets voted in on random few days out of a year.

I voted for you after 5.0 launch because I wished that you could participate more in the ecosystem.

I removed votes from you a few days ago because I hadn't heard from you in a week since you replied here that you can help out.

BTW if I am correct, you are not running any service except a block producer for the blockchain at this moment. No API node, no seed node, no price feeds, no other contribution that I can see. If you start to participate more I would like to support you, otherwise I am sorry.

Anyway, thanks for your contributions in the past.

For the last 2 years I was voted in for a total of 2 months and I provided all services till June of this year. Now on v 5.0 I was voted in for a total of 7 days before I was voted out again. Quite honestly if I stay voted in I will start bringing back the services but it will not happen in 1 day, otherwise I will just turn the rest of the servers off - which is unfortunate because I think BTS might be heading back into the right direction again.   

[abit]

I can help out with the feeds.

Any update please? I've added you as a feed producer but you've never published feeds?

I am out of active witness rotation. Hard to plan and jump on anything if my witness gets voted in on random few days out of a year.

I voted for you after 5.0 launch because I wished that you could participate more in the ecosystem.

I removed votes from you a few days ago because I hadn't heard from you in a week since you replied here that you can help out.

BTW if I am correct, you are not running any service except a block producer for the blockchain at this moment. No API node, no seed node, no price feeds, no other contribution that I can see. If you start to participate more I would like to support you, otherwise I am sorry.

Anyway, thanks for your contributions in the past.

[sahkan]

I can help out with the feeds.

Any update please? I've added you as a feed producer but you've never published feeds?

I am out of active witness rotation. Hard to plan and jump on anything if my witness gets voted in on random few days out of a year.

[abit]

A new 1.0 bitasset has been created today:

1.3.5866 RUB1.0

In addition, most of issuer permissions have been forfeited on all the 1.0 bitassets. Details updated to OP.

[abit]

I can help out with the feeds.

Any update please? I've added you as a feed producer but you've never published feeds?

[bench]

Honest Assets would be a better alternative to creating new assets.

Feel free to join our community channel, if you have not done so far:
https://t.me/onestcommunity

[chigbolu]

Interested as well. But why not continue with HONEST Assets ?

Honest assets are privately owned

[sahkan]

I can help out with the feeds.

[abit]

Interested as well.

Please introduce yourself.
What's your BitShares account?

But why not continue with HONEST Assets ?

They are not owned by the committee. I don't make decisions for them.

[iamredbar]

Honest Assets would be a better alternative to creating new assets.

[teiva]

Interested as well. But why not continue with HONEST Assets ?

[GBAC]

gbac-ety001 is interested in providing price feeds, no matter it's called witness or oracle service provider.

The committee has created 6 new bitassets on the chain:

1.3.5839 CNY1.0
1.3.5840 USD1.0
1.3.5841 EUR1.0
1.3.5842 BTC1.0
1.3.5843 SILVER1.0
1.3.5844 GOLD1.0

The objective of the assets is to be pegged to the corresponding assets outside of BitShares.

The assets came with the original parameters which will not change in the future:
ICR 175%
MCR 175%
MSSR 110%
force settlement offset 0%
force settlement delay 24 hours
backed by BTS

Fees (which goes to the asset owner, and the numbers may change in the future):
Margin call fee 1%
Force settlement fee 1%
Maker fee 0.08%
Taker fee 0.12%
Market fee sharing percent (to referral program) 40%

Price of the assets will not be fed by witnesses, but by a chosen group of oracle service providers. It will be paid service (details TBD). Feed original prices. Anyone who have interest in providing price feeds please leave a message so we can discuss further.

Let's set sail again.

[abit]

The committee has created 7 new bitassets on the chain:

1.3.5839 CNY1.0
1.3.5840 USD1.0
1.3.5841 EUR1.0
1.3.5842 BTC1.0
1.3.5843 SILVER1.0
1.3.5844 GOLD1.0
1.3.5866 RUB1.0

The objective of the assets is to be pegged to the corresponding assets outside of BitShares.

The assets came with the original parameters which will not change in the future:
ICR 175%
MCR 175%
MSSR 110%
force settlement offset 0%
force settlement delay 24 hours
backed by BTS

Fees (which goes to the asset owner, and the numbers may change in the future):
Margin call fee 1%
Force settlement fee 1%
Maker fee 0.08%
Taker fee 0.12%
Market fee sharing percent (to referral program) 40%

Price of the assets will not be fed by witnesses, but by a chosen group of oracle service providers. It will be paid service (details TBD). Anyone who have interest in providing price feeds please leave a message introducing yourself so we can discuss further.

Price feed policy:
* Feed the original, real, market trading prices.

Let's set sail again.

UPDATE:
Following issuer permissions have been forfeited on the assets:
* override_authority
* transfer_restricted
* disable_force_settle
* global_settle
* lock_max_supply
* disable_new_supply
* disable_mcr_update
* disable_icr_update
* disable_mssr_update

Note: due to a human error, the maximum supply of bitCNY1.0 is not locked. Other parameters are locked properly.