Author Topic: !!! Stupid Questions Thread !!!  (Read 164551 times)

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Offline matt608

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Is this volume correct/real?
http://coinmarketcap.com/assets/bitusd/#markets

It says there has been $77k volume on bitUSD

Offline tonyk

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Stupid Question: What happened?


Bugs,  modified market rules... BM eating some losses for the market health interest
« Last Edit: September 25, 2014, 08:08:22 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Mysto

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Stupid Question: What happened?


Offline tonyk

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Two questions:
1. The estimated yield shown in the wallet for BitAssets is yearly?
2. How (often) are the earned fees distributed among BitAsset holders?

2. when you make a transaction with the asset you get the yield.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Frodo

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Two questions:
1. The estimated yield shown in the wallet for BitAssets is yearly?
2. How (often) are the earned fees distributed among BitAsset holders?

Offline matt608

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Offline xeroc

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I missed the whole fund raising for Bitshares-X with AGS and I'm a bit in the
dark as to how the dev team is funded.  Currently as I understand it there is a
dev team working full time with at least 1 full time marketer, is that correct?

Do they have a fund they are currently spending their way through to fund the
full time work?  If so, how much of this fund is left?  When will it run out
and what happens when it does?

Forgive me if this is a stupid question but I'm just wondering about this.
With it being open source it can be a bit hard to tell who is 'official' or
full time and who is just contributing because they've bought BTSX.  I don't
know if there's a breakdown of the 'core' team somewhere?

AGS could be bought by BTC and PTS .. and they are NOT burned! which means they
are owned by I3 .. they just sell some of their BTC/PTS and pay for the team.

The "official" team behind bitshares is shown on the bitshares.org page ..
not all of them are coders .. not all are payed from AGS funds ...
a lot of the community is not payed by the AGS funds

There used to be a link to a google spread sheet where the expenses are listed.
https://docs.google.com/spreadsheet/ccc?key=0AqTwk-e7yzJydDFnQmlkTVlkbWpubnJBbzR2UG5ucnc&usp=sharing#gid=0
https://docs.google.com/a/invictus-innovations.com/spreadsheet/ccc?key=0AqTwk-e7yzJydFZ3bVVWT0o1OUwzXzdESHFBY0FkUWc&usp=sharing#gid=0

Offline matt608

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I missed the whole fund raising for Bitshares-X with AGS and I'm a bit in the dark as to how the dev team is funded.  Currently as I understand it there is a dev team working full time with at least 1 full time marketer, is that correct?

Do they have a fund they are currently spending their way through to fund the full time work?  If so, how much of this fund is left?  When will it run out and what happens when it does?

Forgive me if this is a stupid question but I'm just wondering about this.  With it being open source it can be a bit hard to tell who is 'official' or full time and who is just contributing because they've bought BTSX.  I don't know if there's a breakdown of the 'core' team somewhere?

« Last Edit: September 25, 2014, 03:14:59 pm by matt608 »

Offline Ander

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Thanks for the explanation Tony.

I love how bitshares uses the free market to control how its mechanisms work. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline tonyk

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Is bitUSD supply not as well constantly growing with no way to reduce it? (I believe the answer will help us to make the right comparisons)

Have seen this question several times on this forum, so I will give it a shot (ELI5 hopefully)

Let's try to give a numeric value of the possible market actions:
- Buy bitUSD; Sell bitUSD; short bitUSD;  close short bitUSD position;

short bitUSD - when somebody shorts 1 bitUSD  actually a new bitUSD comes into existence so + 1
close short bitUSD position - when somebody  buys 1 bitUSD and closes the short position actually 1 bitUSD is destroyed - 1
Buy bitUSD - no bitUSD are created or destroyed 0
and  Sell bitUSD - no bitUSD are created or destroyed 0


On the market we can have the following combinations:

short bitUSD  is matched with Buy bitUSD --> 1 + 0 =+1 - total supply of bitUSD is increase with 1
short bitUSD  is matched with close short bitUSD position--> 1 + (-1) =0 - total supply of bitUSD is unchanged.
Sell bitUSD   is matched with Buy bitUSD--> 0 + 0 =0 - total supply of bitUSD is unchanged.
Sell bitUSD   is matched with close short bitUSD position  --> 0 + (-1) =-1 - total supply of bitUSD is decreased by -1


The total of all bitUSD in existence is driven by market forces!!!


Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Riverhead


Here's another one: using the CLI client I have created 3 wallets with one account each. When I shut down the CLI and start the GUI client (which now uses the same data directory it seems), it asks for a password to create a new wallet. But I don't want to create a new wallet, I want to use the existing wallets. How?

In the GUI the following command should get you what you need. This is assuming they are all sub directories in the same wallets directory (if they aren't you can make it so).

Your wallets directory can look like:

wallets\
    default
    named_wallet1
    named_wallet3

Code: [Select]
wallet_open

Usage:
wallet_open <wallet_name>                                                                             Opens the wallet of the given name
Opens the wallet of the given name

Parameters:
  wallet_name (wallet_name, required): the name of the wallet to open

Returns:
  void

aliases: open

Offline tonyk

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In the command line wallet, how can I see which delegates I have already "approved" (or disapproved)?

Nobody?

Here's another one: using the CLI client I have created 3 wallets with one account each. When I shut down the CLI and start the GUI client (which now uses the same data directory it seems), it asks for a password to create a new wallet. But I don't want to create a new wallet, I want to use the existing wallets. How?

I do not know if this the correct way to do this (or even if it is advised against)!!!!
 I just use 'import wallet' in the file menu. I use the same technic to switch between my 2 wallets also.
 PS you will need to make backup while in the CLI first, I guess
Code: [Select]
wallet_backup_create <json_filename>     
[edit]
Reading again your question, you probably want to have 3 data directories as well.
I have no idea how to achieve that...
« Last Edit: September 24, 2014, 06:53:51 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline xeroc

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Stupid Question:

"you are not voting with all your stake. please consider updating your vote."

how do I make that disappear? I have bitBTC, bitUSD, and BTSX. I tried sending all the BTSX to a different account and back and I'm still getting the error. Do I have to send ALL my assets to a different account and back?
AFAIK, you need to vote for at least 101 delegates and make a voting transaction with ALL your stake for that mark to disappear .. not sure though

Offline xeroc

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In the command line wallet, how can I see which delegates I have already "approved" (or disapproved)?
wallet_list_accounts shows all accounts .. your own, contacts and delegates you approved!

Quote
using the CLI client I have created 3 wallets with one account each. When I shut down the CLI and start the GUI client (which now uses the same data directory it seems), it asks for a password to create a new wallet. But I don't want to create a new wallet, I want to use the existing wallets. How?
The GUI uses the wallet "default" ... and only that one. If you want to use one of your wallets in the GUI you need to rename the corresponding folder in %APPDATA%. The reason of this is for simplicity and ease-of-use of regular users

merockstar

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Stupid Question:

"you are not voting with all your stake. please consider updating your vote."

how do I make that disappear? I have bitBTC, bitUSD, and BTSX. I tried sending all the BTSX to a different account and back and I'm still getting the error. Do I have to send ALL my assets to a different account and back?