Bitshares DEX Telegram History

Alex M - clockwork09:07:44 - 17 Oct 2018 [UTC]

https://www.coindesk.com/cftc-official-warns-smart-contract-designers-over-predictive-code/

Wilson Curie09:08:00 - 17 Oct 2018 [UTC]

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Alex M - clockwork09:08:22 - 17 Oct 2018 [UTC]

TL;DR; don't create prediction markets on people getting assasinated

Fred D Genius09:08:30 - 17 Oct 2018 [UTC]

Selling a Very Active IG account Niche : cartoons 205k followers Serious buyers message me @Fredgenius

Mathew09:13:35 - 17 Oct 2018 [UTC]

I did not know that was a thing

funkit09:17:51 - 17 Oct 2018 [UTC]

matle85

There's a chance for someone to steal a march on EOS I reckon and come up with a 'fork' that takes over

Or at least they try. You got to think bigger, Pinky...

Dima BLCKCHND09:20:12 - 17 Oct 2018 [UTC]

favdesu

Because there is a testnet with actual users called eos. Until this thing is stable, it's a total waste to launch another fork with zero, or very little action. Helps no one imo

Fred D Genius09:21:54 - 17 Oct 2018 [UTC]

Selling a Very Active IG account Niche : cartoons 205k followers Serious buyers message me @Fredgenius

Fred D Genius09:22:09 - 17 Oct 2018 [UTC]

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Fred D Genius09:22:16 - 17 Oct 2018 [UTC]

Good day everyone

Anto Ric09:30:24 - 17 Oct 2018 [UTC]

When beldex trade open??

Stefan09:32:03 - 17 Oct 2018 [UTC]

Anto Ric

When beldex trade open??

What is Beldex?

Anto Ric09:32:31 - 17 Oct 2018 [UTC]

Beldex (bdx)coin!!

Stefan09:33:13 - 17 Oct 2018 [UTC]

Anto Ric

Beldex (bdx)coin!!

Ah. Ask your favorite gateway for that

Alex M - clockwork09:36:54 - 17 Oct 2018 [UTC]

sschiessl

Ah. Ask your favorite gateway for that

my favourite gateway

Valera Cogut09:41:39 - 17 Oct 2018 [UTC]

where it is ? )

Valera Cogut09:42:11 - 17 Oct 2018 [UTC]

very similar in my city

Alex M - clockwork09:44:45 - 17 Oct 2018 [UTC]

arc de triomphe. paris

Alex M - clockwork09:56:35 - 17 Oct 2018 [UTC]

Coinbase enabled zrx markets

Alex M - clockwork09:57:03 - 17 Oct 2018 [UTC]

Just saying

Jarek Jachimowicz10:02:35 - 17 Oct 2018 [UTC]

Hello

Jonny_Doh10:11:41 - 17 Oct 2018 [UTC]

clockworkgr

my favourite gateway

😂👍

Jonny_Doh10:12:05 - 17 Oct 2018 [UTC]

valeracogut

very similar in my city

What is your city?)

Valera Cogut10:12:21 - 17 Oct 2018 [UTC]

Chishinau)

Valera Cogut10:12:37 - 17 Oct 2018 [UTC]

I don't live there now ))

Valera Cogut10:12:44 - 17 Oct 2018 [UTC]

I was born there ))

Jonny_Doh10:13:08 - 17 Oct 2018 [UTC]

valeracogut

Chishinau)

😬👍 Nice one. Wish to return there some time.

Valera Cogut10:13:23 - 17 Oct 2018 [UTC]

not_a_bot_vot

😬👍 Nice one. Wish to return there some time.

👍:D

Ravid10:13:45 - 17 Oct 2018 [UTC]

Whoever is responsible for OL's bitsharescan.com, there is a bug in displaying orders. The "price" shows the total value of the order and "total" shows the amount for sale times the total value, so it looks like I sell few thousands of Zeph for 100 million bts

Jonny_Doh10:22:42 - 17 Oct 2018 [UTC]

Guys, please, check out Bitshares's page on CryptoMapia(org) and the site itself too) Questions, suggestions? Welcome!

Kevin10:24:21 - 17 Oct 2018 [UTC]

Ravid

@ronnyb is responsible for that site.

Alex M - clockwork10:30:00 - 17 Oct 2018 [UTC]

Kimchiking

@ronnyb is responsible for that site.

i think he meant technically responsible

Alex M - clockwork10:30:06 - 17 Oct 2018 [UTC]

he already mentioend it was OL

Kevin10:30:33 - 17 Oct 2018 [UTC]

clockworkgr

i think he meant technically responsible

I'm sure he did, but Ronny would know best who to contact about this.

R10:54:12 - 17 Oct 2018 [UTC]

Taconator

Respectfully disagree. Think that better strategy is to keep BTS on DEX and let price rise of bitCNY relative to CNY incentivize BTS holders to short bitCNY and then sell to CEX or ICO platform.

If you could borrow cny with bts via a cex front end, then that'd get bts off the cex and onto the dex, no? :D

Ronny Boesing10:57:22 - 17 Oct 2018 [UTC]

Ravid

The devs know about it from This morning and its being fixed Thanks

Ravid10:57:44 - 17 Oct 2018 [UTC]

👍

Abit More11:01:16 - 17 Oct 2018 [UTC]

clockworkgr

https://www.bloomberg.com/graphics/2018-payment-systems-china-usa @abitmore @xeroc

@ronnyb

Abit More11:01:47 - 17 Oct 2018 [UTC]

Oops wrong link, sorry

Losseny Rishaan11:01:51 - 17 Oct 2018 [UTC]

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Alex M - clockwork11:01:56 - 17 Oct 2018 [UTC]

i tagged him on the otehr one

Losseny Rishaan11:02:16 - 17 Oct 2018 [UTC]

Stefan11:34:31 - 17 Oct 2018 [UTC]

**New exchange design** is on-ramp for the next staging release and currently visible at https://develop.bitshares.org/ Any and all feedback and suggestions are more than welcome, please add to https://github.com/bitshares/bitshares-ui/issues/2020

Alex M - clockwork11:36:10 - 17 Oct 2018 [UTC]

sschiessl

New exchange design is on-ramp for the next staging release and currently visible at https://develop.bitshares.org/ Any and all feedback and suggestions are more than welcome, please add to https://github.com/bitshares/bitshares-ui/issues/2020

pretty

P-

Payger - Christoph Hering -11:50:49 - 17 Oct 2018 [UTC]

We are happy to announce the first WooCommerce Plugin for the BitShares Blockchain created by Payger. 40% of all online stores worldwide are using the WooCommerce Onlineshop system, millions of stores can now use the Payger Plugin to receive Bitcoin and other crypto currencies as payments! Payments with BitUSD, BitCNY are coming next. Check out the announcement at https://payger.com/blog/october-2018-newsletter/

Alex M - clockwork11:51:08 - 17 Oct 2018 [UTC]

heringchristoph

👍

nutela12:12:29 - 17 Oct 2018 [UTC]

heringchristoph

Cool, how many shops are signing up for this you estimate?

P-

Payger - Christoph Hering -12:16:34 - 17 Oct 2018 [UTC]

@nut3l4 we have a couple of merchats that already registered and they will test it. My goal is to reach up to 100 merchants until the end of this year.

Cactus™12:18:46 - 17 Oct 2018 [UTC]

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Cactus™12:19:07 - 17 Oct 2018 [UTC]

Hello

Cactus™12:21:48 - 17 Oct 2018 [UTC]

Download this app for Free BTC https://bit.ly/2Er6sh1

nutela12:25:13 - 17 Oct 2018 [UTC]

heringchristoph

@nut3l4 we have a couple of merchats that already registered and they will test it. My goal is to reach up to 100 merchants until the end of this year.

That’s very cool, they are all around München?

P-

Payger - Christoph Hering -12:27:41 - 17 Oct 2018 [UTC]

nut3l4

That’s very cool, they are all around München?

They are international. You can use the Payger Plugin worldwide. We also have the first store from munich now, and there will be more over the next weeks. We also released our merchant api for developers so people can already start building using the Payger api for payment services . see developers.payger.com

nutela12:28:16 - 17 Oct 2018 [UTC]

heringchristoph

Ok great, thank you very much 🙂

P-

Payger - Christoph Hering -12:29:26 - 17 Oct 2018 [UTC]

@nut3l4 yes you can try it here at our demo store http://demoshop.payger.com

nutela12:33:13 - 17 Oct 2018 [UTC]

heringchristoph

@nut3l4 yes you can try it here at our demo store http://demoshop.payger.com

Nice, I like it, very professional looking, cute animations. However check out, do we trade being corporate entities (first name, last name)? Or can we avoid that? Because now I pay VAT as a corporate entity (company) right?

P-

Payger - Christoph Hering -12:35:21 - 17 Oct 2018 [UTC]

paying VAT is managed by the business and that is their job.

nutela12:35:33 - 17 Oct 2018 [UTC]

Because now you get “personal data” blablabla and all that legal BS… Which is fine if I want to sue you but.. it’s not very crypto & freedom oriented. I suppose you are not an expert, I’m not a legal expert on this either.. but it does bother me and I’m looking for ways out..

nutela12:36:10 - 17 Oct 2018 [UTC]

heringchristoph

paying VAT is managed by the business and that is their job.

Right, so I’m looking at being a store but not being a company under the law but have a safe way of buying and selling…

R12:36:49 - 17 Oct 2018 [UTC]

nut3l4

Right, so I’m looking at being a store but not being a company under the law but have a safe way of buying and selling…

Sounds like you aught to seek financial advice from a lawyer/accountant than off telegram

nutela12:36:59 - 17 Oct 2018 [UTC]

I’m sorry if this is off topic, just looking for advice yeah

nutela12:37:47 - 17 Oct 2018 [UTC]

cmmob

Sounds like you aught to seek financial advice from a lawyer/accountant than off telegram

The trouble is, lawyer accountant are indocrinated, crypto is or should be in it’s own jurisdiction if you ask me...

Kristin Low12:37:54 - 17 Oct 2018 [UTC]

heringchristoph

Outstanding Christoph, well done!

P-

Payger - Christoph Hering -12:37:58 - 17 Oct 2018 [UTC]

ofc there are tools for that, but that is not Payger. We focus on regular business and help them to add crypto as payment options.

R12:38:17 - 17 Oct 2018 [UTC]

nut3l4

The trouble is, any lawyer/accountant are indocrinated, crypto is or should be in it’s own jurisdiction if you ask me...

Without a company you're risking your own assets if anything goes wrong.

nutela12:38:32 - 17 Oct 2018 [UTC]

heringchristoph

ofc there are tools for that, but that is not Payger. We focus on regular business and help them to add crypto as payment options.

Right, I’m trying to educate myself first and test out the waters.

P-

Payger - Christoph Hering -12:38:54 - 17 Oct 2018 [UTC]

cmmob

Without a company you're risking your own assets if anything goes wrong.

and you probably pay more taxes too.. personal income is higher then corporate tax

nutela12:39:06 - 17 Oct 2018 [UTC]

cmmob

Without a company you're risking your own assets if anything goes wrong.

You mean as a person? Or where is the contract binding me personally, that’s what I’m trying to find out and amend.

R12:39:50 - 17 Oct 2018 [UTC]

nut3l4

You mean as a person? Or where is the contract binding me personally, that’s what I’m trying to find out and amend.

As a person without a company and without any form of local business registration, if anything goes wrong then your house and everything you own could be at risk.

nutela12:40:03 - 17 Oct 2018 [UTC]

heringchristoph

and you probably pay more taxes too.. personal income is higher then corporate tax

Right, but I have another way but I’m not sure yet. There’s no contract between me and the State. So they can’t force me to pay tax and extort me bablabla

nutela12:40:30 - 17 Oct 2018 [UTC]

cmmob

As a person without a company and without any form of local business registration, if anything goes wrong then your house and everything you own could be at risk.

Well it depends on the law and if it applies to humans as well, you see what I mean?

R12:40:36 - 17 Oct 2018 [UTC]

nut3l4

Right, but I have another way but I’m not sure yet. There’s no contract between me and the State. So they can’t force me to pay tax and extort me bablabla

You say this, but people go to jail for that kind of stuff all the time lol

nutela12:40:47 - 17 Oct 2018 [UTC]

cmmob

You say this, but people go to jail for that kind of stuff all the time lol

I know! 😄

nutela12:41:50 - 17 Oct 2018 [UTC]

What I want to do is offer this knowledge to people in Czech Rep. but have them be safe.

R12:42:23 - 17 Oct 2018 [UTC]

nut3l4

What I want to do is offer this knowledge to people in Czech Rep. but have them be safe.

If you're giving financial advice and you have no protections yourself that's very risky.

nutela12:42:40 - 17 Oct 2018 [UTC]

And use BitShares as a bank, and PayGer and PalmPay to do commerce without legal obstructions, using their own rules against them which I already succesfully did with the banks

nutela12:43:59 - 17 Oct 2018 [UTC]

cmmob

If you're giving financial advice and you have no protections yourself that's very risky.

Indeed! I’m quite worried so I tested it first myself. I don’t pay tax for years, no health insurance. They can’t touch me but they can use voilence.. 😕 but I have been talking to police as well and I have no record of paying of no debt so.. All good still! 😂

nutela12:46:20 - 17 Oct 2018 [UTC]

But there are better ways like setting up an LLC.. but it’s a cat and mouse game witht the “authorities”. They have no authority yet they act like it and then you have to deal with them or police and it can be very stressful. Therefore I’m looking into alternatives, like having diplomatic immunity, it should be possible.

nutela12:46:37 - 17 Oct 2018 [UTC]

Free from this racket 👍

nutela12:51:20 - 17 Oct 2018 [UTC]

So if I may, I was also wondering what jurisdiction the DEX is in, or if it is depended on the witnesses… Just to safeguard this wonderful project. But I have to be first sure myself.

nutela12:53:47 - 17 Oct 2018 [UTC]

I got the women EOS shirt 😂

P-

Payger - Christoph Hering -12:54:08 - 17 Oct 2018 [UTC]

sschiessl

Yes, I know that problem already. We will fix it.

Werhhh12:54:30 - 17 Oct 2018 [UTC]

No health insurance? What if something happens to you? 😭

nutela12:55:29 - 17 Oct 2018 [UTC]

So the whole store process is included @heringchristoph?

nutela12:57:11 - 17 Oct 2018 [UTC]

Werhhh

No health insurance? What if something happens to you? 😭

Yeah already happened 😂 Never heard about the health insurance company, send them a cease and desist, I supposedly owe them but you’d be surprised how easy it is to get rid of them. That might be CZ as well...

P-

Payger - Christoph Hering -12:58:07 - 17 Oct 2018 [UTC]

The store is a standard woocommerce installation on WordPress. In the settings you add the Payger Plugin and configurate it to your demands.

nutela12:58:20 - 17 Oct 2018 [UTC]

Wow does the collateral ratio depend on the margin price?

nutela12:58:47 - 17 Oct 2018 [UTC]

heringchristoph

The store is a standard woocommerce installation on WordPress. In the settings you add the Payger Plugin and configurate it to your demands.

Ah, well looks great! I’m a fan of dark themes so I’ll look if they have that as well...

P-

Payger - Christoph Hering -12:59:55 - 17 Oct 2018 [UTC]

With a bit of HTML you can customize your website however u like

nutela13:00:25 - 17 Oct 2018 [UTC]

heringchristoph

With a bit of HTML you can customize your website however u like

They have themes, love it 🙂

nutela13:01:32 - 17 Oct 2018 [UTC]

So I guess it’s WooCommerce who is providing the legal framework in their code.. First Name Last Name etc. 🤔

Jotmax13:22:17 - 17 Oct 2018 [UTC]

Hello guys

Jotmax13:22:39 - 17 Oct 2018 [UTC]

Correct me if I'm wrong

Jotmax13:23:12 - 17 Oct 2018 [UTC]

I think on bitshares, I can receive btc via rude or openledger if I don't have some

Jotmax13:24:13 - 17 Oct 2018 [UTC]

I can't just hop on either to receive some Bitcoin even if I have other assets I'm not willing to exchange

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Jotmax13:24:41 - 17 Oct 2018 [UTC]

If there is a way, kindly let me explain

Stefan13:39:44 - 17 Oct 2018 [UTC]

Jotmax

I can't just hop on either to receive some Bitcoin even if I have other assets I'm not willing to exchange

You can use either of the gateways. Both will give you their own colored coin. If you use OpenLedger you will receive OPEN.BTC, if Rudex you will receive RUDEX.BTC. Both are IOU's of BTC and can be traded on the BitShares Platform

Jotmax14:42:26 - 17 Oct 2018 [UTC]

sschiessl

Thanks 🙂 I'll give it a try now

Slavi La Libertad14:49:32 - 17 Oct 2018 [UTC]

Mobile version can be usable now I think.

Crypto Kong15:49:42 - 17 Oct 2018 [UTC]

https://medium.com/@CryptoKong123/why-im-bullish-on-bitshares-pt-2-580fc6e203b7

Nedu16:37:46 - 17 Oct 2018 [UTC]

I would be a bullish as you if we had professional marketing and business development wooing business to bitshares.

Nedu16:38:16 - 17 Oct 2018 [UTC]

Tech wise this platform is topnotch.

kenCode16:40:24 - 17 Oct 2018 [UTC]

nedupaul

I would be a bullish as you if we had professional marketing and business development wooing business to bitshares.

the decentralized ambassador network is teaching bitshares, PalmPay and crypto all over the world now. it's slow going but they are making huge strides: https://twitter.com/Agorise_world/status/1037372654083297280

kenCode16:40:47 - 17 Oct 2018 [UTC]

nedupaul

Tech wise this platform is topnotch.

unbeatable imo

Dewie16:50:32 - 17 Oct 2018 [UTC]

Project Elysian Coin. Check it out now! The ico started on october 10 The create your own token and take a look on ther website.part of ther profit goes into the token.the wil have a large network of collaborations with various ico.s Do not miss out . Big profit guaranteed!!! https://t.me/joinchat/KbORgEpO39tNYolA43fsSQ

nutela17:14:51 - 17 Oct 2018 [UTC]

Hey @KenCode

kenCode17:15:09 - 17 Oct 2018 [UTC]

sup g

kenCode17:17:12 - 17 Oct 2018 [UTC]

hell if i know

nutela17:17:16 - 17 Oct 2018 [UTC]

I’m asking because of the security with DPOS..

nutela17:17:23 - 17 Oct 2018 [UTC]

kenCode

hell if i know

Haha ok

nutela17:34:19 - 17 Oct 2018 [UTC]

BTW was the WooCommerce plugin OSS?

John Grayson17:49:24 - 17 Oct 2018 [UTC]

nut3l4

Hey @kenCode, witness voting, has there ever been like ideas for adding random selectiong for witnesses or whale equalization (not socialism)..

there is bsip exposing votes expiry functionality which should be used for that purpose also

nutela17:52:24 - 17 Oct 2018 [UTC]

dot5enko

there is bsip exposing votes expiry functionality which should be used for that purpose also

Nice, I wonder what mechanisms have been discussed to encourage voting..

John Grayson17:54:23 - 17 Oct 2018 [UTC]

nut3l4

Nice, I wonder what mechanisms have been discussed to encourage voting.. Like rewards maybe?

guess nothing except "better future". no rewards its 100%

nutela17:56:14 - 17 Oct 2018 [UTC]

dot5enko

guess nothing except "better future". no rewards its 100%

Right so it’s up to the BSIP initiator to market it.

nutela17:57:09 - 17 Oct 2018 [UTC]

I’m just thinking I would vote more if it were easy and fast or if I had a huge stake in the game..

John Grayson17:59:04 - 17 Oct 2018 [UTC]

nut3l4

I’m just thinking I would vote more if it were easy and fast or if I had a huge stake in the game..

its quite hard to encourage people to vote, sure. like in real politics

nutela17:59:45 - 17 Oct 2018 [UTC]

dot5enko

its quite hard to encourage people to vote, sure. like in real politics

But then for BitShares.. it needs to be stable and not grow too fast...

John Grayson18:00:40 - 17 Oct 2018 [UTC]

it looks like its current state :)

jeevan jot18:01:00 - 17 Oct 2018 [UTC]

Hey guys any body here?

John Grayson18:02:41 - 17 Oct 2018 [UTC]

of course, i'm not satisfied with something in bitshares, like oligarchy in witnesses you said, but everythin else is ok: i can trade on it and not afraid of that fact that my money would lost in one moment

nutela18:04:00 - 17 Oct 2018 [UTC]

dot5enko

yeah unless companies like OL and SparkDex choose to exit scam.. but I guess they have also a huge stake in BitShares?

jeevan jot18:04:16 - 17 Oct 2018 [UTC]

I would like to ask a technical question.

nutela18:04:25 - 17 Oct 2018 [UTC]

Shoot

jeevan jot18:04:57 - 17 Oct 2018 [UTC]

:) I want to create a gateway over Bitshares, I already read most of the docs describing the features of gateways, any stragin procedure?

jeevan jot18:07:54 - 17 Oct 2018 [UTC]

I mean creating assets(okay that's fine) now running a node is required? and also creating own light wallet ui is also required to be like crypto-bridge? One more thing is, If i am running my own node than why i have to pay the fee to create asset, Why not just 50% pool fee only i should pay?

jeevan jot18:08:03 - 17 Oct 2018 [UTC]

@nut3l4

nutela18:09:33 - 17 Oct 2018 [UTC]

I don’t know but creating your own asset costs BTS because of spam coins..

nutela18:09:59 - 17 Oct 2018 [UTC]

I’d love if all those spam coins would just be up for auction when nobody is using them..

nutela18:10:24 - 17 Oct 2018 [UTC]

No node required for making assets.

jeevan jot18:11:00 - 17 Oct 2018 [UTC]

yeah i know, But if i use my node than why should i pay the fee?

nutela18:11:12 - 17 Oct 2018 [UTC]

I think the UI is also OSS.. As I see it you need real good security for the wallets because you are going to hold BTC, LTC etc.

jeevan jot18:11:31 - 17 Oct 2018 [UTC]

OSS?

nutela18:11:40 - 17 Oct 2018 [UTC]

jeevanjotSingh

yeah i know, But if i use my node than why should i pay the fee?

Oh you mean like Jeevan.BTC, Jeevan.EOS?

nutela18:11:51 - 17 Oct 2018 [UTC]

jeevanjotSingh

OSS?

Open Source Software

jeevan jot18:12:27 - 17 Oct 2018 [UTC]

oh ok , yeah most is this thing i want to say , And i also want to establish my exchange more like crypto-bridge, I am life time member as well.

jeevan jot18:12:36 - 17 Oct 2018 [UTC]

just to mention 😁

jeevan jot18:13:56 - 17 Oct 2018 [UTC]

@nut3l4

nutela18:14:48 - 17 Oct 2018 [UTC]

jeevanjotSingh

oh ok , yeah most is this thing i want to say , And i also want to establish my exchange more like crypto-bridge, I am life time member as well.

Is CB like OL? Or what do they have as a biz model?

Mathew18:15:54 - 17 Oct 2018 [UTC]

jeevanjotSingh

The fee isn't that big once you add a few more letters

jeevan jot18:16:10 - 17 Oct 2018 [UTC]

I think so, Both have different ways, Maybe cryptobridge suppose to have more gateways and BCO while open ledger just have there exchange and open.xxx currencies

jeevan jot18:16:23 - 17 Oct 2018 [UTC]

wow i just wrote a long text and wuff

jeevan jot18:16:28 - 17 Oct 2018 [UTC]

just vanished

jeevan jot18:16:30 - 17 Oct 2018 [UTC]

lol

jeevan jot18:16:33 - 17 Oct 2018 [UTC]

i try again

jeevan jot18:16:55 - 17 Oct 2018 [UTC]

Both are exchanges as far i know and CB have more gateways.

jeevan jot18:16:59 - 17 Oct 2018 [UTC]

and BCO

nutela18:17:11 - 17 Oct 2018 [UTC]

And you want to create a gateway? Well keep practicing! 😏

jeevan jot18:17:27 - 17 Oct 2018 [UTC]

😃

nutela18:17:35 - 17 Oct 2018 [UTC]

jeevanjotSingh

and BCO

Oh yes, never understood how that staking worked and what it was good for..

nutela18:18:01 - 17 Oct 2018 [UTC]

So what is your background jeevan?

jeevan jot18:18:14 - 17 Oct 2018 [UTC]

okay i downloaded wallet UI and compiling it, while i will run local node with that, If i have my own assets, Is these all the components require for making gateway.

jeevan jot18:19:37 - 17 Oct 2018 [UTC]

One more thing is , Is gateway and Exchanges like CB, OL are equal thing, I mean just the front end, If i create one with my own node and assets or without my node maybe, Can i be like them?

nutela18:20:14 - 17 Oct 2018 [UTC]

jeevanjotSingh

okay i downloaded wallet UI and compiling it, while i will run local node with that, If i have my own assets, Is these all the components require for making gateway.

I think you need stake, or at least I wouldn’t send you any BTC until I know you are not going to run away with my bitcoins!

jeevan jot18:21:01 - 17 Oct 2018 [UTC]

Great idea.

nutela18:21:52 - 17 Oct 2018 [UTC]

jeevanjotSingh

One more thing is , Is gateway and Exchanges like CB, OL are equal thing, I mean just the front end, If i create one with my own node and assets or without my node maybe, Can i be like them?

Don’t know if you need a node but you have much less latency with your own node so maybe you can have a trade advantage?

jeevan jot18:22:42 - 17 Oct 2018 [UTC]

Ok, So running trade my own node gives a little bit of fee to me as well?

jeevan jot18:23:51 - 17 Oct 2018 [UTC]

i mean are there any financial benefits to make trades over custom nodes, If node is not in active witnesses list, I mean not in first 100?

jeevan jot18:24:54 - 17 Oct 2018 [UTC]

here's what doc says ```For each successfully constructed block, a witness is payed in shares that are taken from the limited reserves pool at a rate that is defined by the shareholders by means of approval voting.```

jeevan jot18:25:43 - 17 Oct 2018 [UTC]

nut3l4

Don’t know if you need a node but you have much less latency with your own node so maybe you can have a trade advantage?

still didn't much clear though.

nutela18:26:14 - 17 Oct 2018 [UTC]

jeevanjotSingh

Ok, So running trade over my own node gives a little bit of fee to me as well?

Yes of course, as backup or in top 15...

jeevan jot18:26:50 - 17 Oct 2018 [UTC]

nut3l4

Yes of course, as backup or in top 15...

Can you please elaborate a bit more.

nutela18:27:03 - 17 Oct 2018 [UTC]

jeevanjotSingh

still didn't much clear though.

You should ask other people here 🙂

jeevan jot18:27:21 - 17 Oct 2018 [UTC]

hmm

nutela18:27:26 - 17 Oct 2018 [UTC]

jeevanjotSingh

Can you please elaborate a bit more.

I’m not an expert and I don’t know if there is rotation but there’s a top 15 of witness nodes

nutela18:27:42 - 17 Oct 2018 [UTC]

The more blocks the more rewards

jeevan jot18:28:17 - 17 Oct 2018 [UTC]

okay, If anyone catch up with old messages please try to answer, thank you.

jeevan jot18:28:32 - 17 Oct 2018 [UTC]

nut3l4

I’m not an expert and I don’t know if there is rotation but there’s a top 15 of witness nodes

Ok thanks i will try

nutela18:30:40 - 17 Oct 2018 [UTC]

jeevanjotSingh

okay, If anyone catch up with old messages please try to answer, thank you.

I think you need to carefully phrase you questions and kindly ask the admins.

Alex M - clockwork18:31:12 - 17 Oct 2018 [UTC]

witnesses have nothing to do with runnign a gateway

fav18:31:38 - 17 Oct 2018 [UTC]

there's more drama in 3 months EOS witnesses than in 5 years bitshares ragtaggers

fav18:31:55 - 17 Oct 2018 [UTC]

you ragtaggers are so boring and consistent

Alex M - clockwork18:32:11 - 17 Oct 2018 [UTC]

favdesu

you ragtaggers are so boring and consistent

not boring..just happy

Alex M - clockwork18:32:20 - 17 Oct 2018 [UTC]

no need to fight if youre happy

Alex M - clockwork18:32:27 - 17 Oct 2018 [UTC]

gin and hookers take care of that

fav18:32:35 - 17 Oct 2018 [UTC]

that's because you can only afford coke while they buy lambos

fav18:32:40 - 17 Oct 2018 [UTC]

nutela18:33:32 - 17 Oct 2018 [UTC]

favdesu

that's because you can only afford coke while they buy lambos

Wait who buys your lambos?

Alex M - clockwork18:33:51 - 17 Oct 2018 [UTC]

nut3l4

Wait who buys your lambos? Oh wealth disparity.

my butler usually

fav18:34:10 - 17 Oct 2018 [UTC]

EOS witnesses earn 30k a week, minus the amazon server judging from how terrible they perform

fav18:34:12 - 17 Oct 2018 [UTC]

do the maths

nutela18:34:15 - 17 Oct 2018 [UTC]

clockworkgr

my butler usually

Yeah mine is too kind, I have to fire him soon.

Alex M - clockwork18:34:19 - 17 Oct 2018 [UTC]

i just send him down to the dealership

Alex M - clockwork18:34:27 - 17 Oct 2018 [UTC]

favdesu

EOS witnesses earn 30k a week, minus the amazon server judging from how terrible they perform

dont remind me

Alex M - clockwork18:34:42 - 17 Oct 2018 [UTC]

and they dont even have to deal with pricefeeds etc.

Alex M - clockwork18:34:54 - 17 Oct 2018 [UTC]

BSIP42 under EOS would be all out war

Alex M - clockwork18:35:51 - 17 Oct 2018 [UTC]

in other news: https://bitsharestalk.org/index.php?topic=27272.0 just 14m missing :) come on people...vote

fav18:37:41 - 17 Oct 2018 [UTC]

I won't support another offline event this year

Alex M - clockwork18:38:14 - 17 Oct 2018 [UTC]

favdesu

I won't support another offline event this year

ok ..I can respect that

Alex M - clockwork18:38:26 - 17 Oct 2018 [UTC]

shame though..it's a good one

fav18:38:43 - 17 Oct 2018 [UTC]

sure, not sure about the worth tho

Alex M - clockwork18:39:15 - 17 Oct 2018 [UTC]

favdesu

sure, not sure about the worth tho

well, the deal for the package i negotiated is as good as any...

funkit18:39:18 - 17 Oct 2018 [UTC]

Coke And hookers ofc

fav18:39:27 - 17 Oct 2018 [UTC]

coke AND hookers?

funkit18:39:40 - 17 Oct 2018 [UTC]

Sure

fav18:39:45 - 17 Oct 2018 [UTC]

where can you sign up? asking for a friend

Alex M - clockwork18:39:52 - 17 Oct 2018 [UTC]

associated expenses are high-ish but i think the networking factor will be worth it...i'll let you know after the event

funkit18:40:16 - 17 Oct 2018 [UTC]

No worries, I can hold your hand 😆

Alex M - clockwork18:40:30 - 17 Oct 2018 [UTC]

i can't predict....but i think it'll be worth it

Mathew18:41:02 - 17 Oct 2018 [UTC]

favdesu

I won't support another offline event this year

Quick Alex give him the puppy dog eyes and your best sad face

Alex M - clockwork18:41:11 - 17 Oct 2018 [UTC]

matle85

Quick Alex give him the puppy dog eyes and your best sad face

doesnt work...

Alex M - clockwork18:41:16 - 17 Oct 2018 [UTC]

man has principles

Mathew18:41:19 - 17 Oct 2018 [UTC]

Or threaten to keep tagging him with admin Qs

Mathew18:41:38 - 17 Oct 2018 [UTC]

You can probably write a script right?

Alex M - clockwork18:41:40 - 17 Oct 2018 [UTC]

still aint voting for me for witness the bastard :P

fav18:41:56 - 17 Oct 2018 [UTC]

cuz ur garbo

Alex M - clockwork18:42:10 - 17 Oct 2018 [UTC]

no...cause you have principles....and I respect that

fav18:42:10 - 17 Oct 2018 [UTC]

your expertise fits the committee more

fav18:42:14 - 17 Oct 2018 [UTC]

hurhur

Alex M - clockwork18:42:50 - 17 Oct 2018 [UTC]

tinder is his only vice

Alex M - clockwork18:42:54 - 17 Oct 2018 [UTC]

and starbucks

nutela18:42:56 - 17 Oct 2018 [UTC]

clockworkgr

in other news: https://bitsharestalk.org/index.php?topic=27272.0 just 14m missing :) come on people...vote

Oh love it, $25k? Done 😂

nutela18:43:18 - 17 Oct 2018 [UTC]

Can you post link to DEx so that you can vote easy?

fav18:43:24 - 17 Oct 2018 [UTC]

do what you want, you only have one life :')

Alex M - clockwork18:43:49 - 17 Oct 2018 [UTC]

nut3l4

Can you post link to DEx so that you can vote easy?

there is no direct link to upcoming workers unfortuantely

Alex M - clockwork18:43:54 - 17 Oct 2018 [UTC]

beet will solve that

fav18:44:05 - 17 Oct 2018 [UTC]

speaking of

Alex M - clockwork18:44:07 - 17 Oct 2018 [UTC]

but stable release is a bout a week away

fav18:44:11 - 17 Oct 2018 [UTC]

I think I'll vote for your witness now

fav18:44:16 - 17 Oct 2018 [UTC]

because BEET

Alex M - clockwork18:44:53 - 17 Oct 2018 [UTC]

stefan's keeping me in check to make sure its done right :)

Alex M - clockwork18:45:11 - 17 Oct 2018 [UTC]

nut3l4

Oh love it, $25k? Done 😂

25k is the max...hopefully less

nutela18:46:11 - 17 Oct 2018 [UTC]

favdesu

do what you want, you only have one life :')

That’s why Larimer haz catz, nine livez

fav18:46:35 - 17 Oct 2018 [UTC]

look bitspark is literally attending every offline event under the sun, and I love the project. but haven't heard anything coming up from those events

Mathew18:47:27 - 17 Oct 2018 [UTC]

What if I volunteer to attend Greece as well Fav? I can only make the first day but I promise to drink 3 days worth of ouzo and that stuff is foul

Alex M - clockwork18:47:33 - 17 Oct 2018 [UTC]

favdesu

look bitspark is literally attending every offline event under the sun, and I love the project. but haven't heard anything coming up from those events

can't say much more than I hope this one will be different due to participants involved

nutela18:47:58 - 17 Oct 2018 [UTC]

matle85

What if I volunteer to attend Greece as well Fav? I can only make the first day but I promise to drink 3 days worth of ouzo and that stuff is foul

LOL 😂

Alex M - clockwork18:48:05 - 17 Oct 2018 [UTC]

not us...i mean the other non bitsharses people there

fav18:49:13 - 17 Oct 2018 [UTC]

matle85

What if I volunteer to attend Greece as well Fav? I can only make the first day but I promise to drink 3 days worth of ouzo and that stuff is foul

I hate ouzo, but don't tell clockwork. I can't bear to see a grown up man cry

Mathew18:50:14 - 17 Oct 2018 [UTC]

I'll meet you there - Alex needed another couple of attendees, it'll be our sacrifice for the cause

Alex M - clockwork18:50:58 - 17 Oct 2018 [UTC]

favdesu

I hate ouzo, but don't tell clockwork. I can't bear to see a grown up man cry

dont worry..i hate ouzo too

nutela18:54:52 - 17 Oct 2018 [UTC]

Zephyr bot?

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Ronny Boesing18:59:58 - 17 Oct 2018 [UTC]

favdesu

I hate ouzo, but don't tell clockwork. I can't bear to see a grown up man cry

I like it with water

funkit19:05:48 - 17 Oct 2018 [UTC]

Ouzo isn't so bad. A little more crude than Pernod.

Sahkan royal-flush19:08:12 - 17 Oct 2018 [UTC]

Forget ouzo, get Metaxa

Alex M - clockwork19:09:23 - 17 Oct 2018 [UTC]

Sahkan_bitshares

Forget ouzo, get Metaxa

Fwiw, Greeks only drink it at funerals

funkit19:09:57 - 17 Oct 2018 [UTC]

Yeah, the aged metaxa was drinkable. Funeral or not.

Mathew19:12:24 - 17 Oct 2018 [UTC]

1 part ouzo 1200 parts water

Mathew19:12:55 - 17 Oct 2018 [UTC]

I've not drunk metaxa - I'll give it a go once Fav votes Alex's proposal in

nutela19:13:01 - 17 Oct 2018 [UTC]

clockworkgr

Fwiw, Greeks only drink it at funerals

🤣

Mathew19:13:27 - 17 Oct 2018 [UTC]

funkit

Ouzo isn't so bad. A little more crude than Pernod.

I'm sure people are just making up words now

nutela19:13:47 - 17 Oct 2018 [UTC]

Oaaaiizzuuzzooo 😄

funkit19:14:33 - 17 Oct 2018 [UTC]

It won't kill ya even at 50/50

Alex M - clockwork19:14:43 - 17 Oct 2018 [UTC]

tsipouro is better

Mathew19:14:59 - 17 Oct 2018 [UTC]

I only drink four letter beverages

Alex M - clockwork19:15:19 - 17 Oct 2018 [UTC]

matle85

I only drink four letter beverages

https://en.wikipedia.org/wiki/Rak%C4%B1

Mathew19:15:19 - 17 Oct 2018 [UTC]

Beer, wine...erm oh damn ouzo

Mathew19:16:00 - 17 Oct 2018 [UTC]

Rums

Mathew19:16:08 - 17 Oct 2018 [UTC]

🤔

funkit19:16:42 - 17 Oct 2018 [UTC]

So no whisky. What a shame.

Alex M - clockwork19:16:57 - 17 Oct 2018 [UTC]

funkit

So no whisky. What a shame.

wsky

funkit19:17:15 - 17 Oct 2018 [UTC]

That's after two bottles 😜

Mathew19:17:23 - 17 Oct 2018 [UTC]

I know I quite liked a whisky till I screwed myself over with a dumb ass telegram post

Mathew19:17:47 - 17 Oct 2018 [UTC]

clockworkgr

wsky

Phew

Alex M - clockwork19:19:20 - 17 Oct 2018 [UTC]

funkit

That's after two bottles 😜

Two bottles of rums..then he can order "wsky"

Bitsniper19:19:52 - 17 Oct 2018 [UTC]

Forgive me for newb question of I settle my position in bit usd, will they be converted to bts at the priceon dex at settlement initiation, the price bts in usd on dex in twenty four hours or the price of bts in usd according to feed price? Thanks

Alex M - clockwork19:20:41 - 17 Oct 2018 [UTC]

Bitsniper1

Settlement price after 24hrs

funkit19:20:51 - 17 Oct 2018 [UTC]

Bitsniper1

The settlement price at settlement-1%

Alex M - clockwork19:21:01 - 17 Oct 2018 [UTC]

I feed price minus settlement offset

Alex M - clockwork19:21:16 - 17 Oct 2018 [UTC]

Do NOT settle bitusd

Alex M - clockwork19:21:28 - 17 Oct 2018 [UTC]

Market will give you a better price by far

Bitsniper19:21:51 - 17 Oct 2018 [UTC]

Thank you for the advice

Alex M - clockwork19:21:59 - 17 Oct 2018 [UTC]

Until we sort bsip42 out via mcr instead of feeds

Bitsniper19:22:40 - 17 Oct 2018 [UTC]

What is the wait with bsip42? Not enough votes yet?

Bitsniper19:23:05 - 17 Oct 2018 [UTC]

Or is it ready to go and being worked on?

Alex M - clockwork19:23:09 - 17 Oct 2018 [UTC]

It's active

Alex M - clockwork19:23:35 - 17 Oct 2018 [UTC]

The method used is not good for settlement

Alex M - clockwork19:23:54 - 17 Oct 2018 [UTC]

Pending a core bug fix

Bitsniper19:29:12 - 17 Oct 2018 [UTC]

👌

Ronny Boesing19:29:52 - 17 Oct 2018 [UTC]

clockworkgr

Fwiw, Greeks only drink it at funerals

Prefer Zacapa royal forget xo

Scipio Publius19:30:25 - 17 Oct 2018 [UTC]

Frends, user created tokens do not represent ownership of the actual tokens which share the same name.

Scipio Publius19:30:35 - 17 Oct 2018 [UTC]

True/False?

andre gray19:38:26 - 17 Oct 2018 [UTC]

i have btc for sale pm me if interested serious buyers only

Stefan19:41:23 - 17 Oct 2018 [UTC]

Scipio_Publius

Frends, user created tokens do not represent ownership of the actual tokens which share the same name.

If you mean token from another chain, then no. A BitShares UIA used by gateways are merely an IOU for the real token

Scipio Publius19:47:53 - 17 Oct 2018 [UTC]

sschiessl

If you mean token from another chain, then no. A BitShares UIA used by gateways are merely an IOU for the real token

How is the IOU enforced if the token isn’t transferable at the moment?

Alex M - clockwork19:48:32 - 17 Oct 2018 [UTC]

Scipio_Publius

How is the IOU enforced if the token isn’t transferable at the moment?

what do you mean? which token?

Scipio Publius19:49:03 - 17 Oct 2018 [UTC]

👀

Stefan19:49:53 - 17 Oct 2018 [UTC]

Scipio_Publius

How is the IOU enforced if the token isn’t transferable at the moment?

What Alex said

Scipio Publius19:53:39 - 17 Oct 2018 [UTC]

I think it’s possible to have a placeholder token that’s non transferable until the project launches.

Alex M - clockwork19:54:41 - 17 Oct 2018 [UTC]

if the relevant flags are set yeah

Sk19:59:53 - 17 Oct 2018 [UTC]

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Sk19:59:55 - 17 Oct 2018 [UTC]

Sk20:00:04 - 17 Oct 2018 [UTC]

Jinwei Xiang20:02:29 - 17 Oct 2018 [UTC]

Guys hurry now! Invest in bitcoin and get back 10times your profit in a week.

nutela20:15:42 - 17 Oct 2018 [UTC]

So TrueUSD gone up.. you can clearly see Tether escape.. so it bitUSD then really too difficult to use?

nutela20:15:57 - 17 Oct 2018 [UTC]

I mean Gemini went to +19% for a fucking stable coin!

nutela20:17:01 - 17 Oct 2018 [UTC]

TrueUSD grew to over 120M Mcap..

nutela20:17:12 - 17 Oct 2018 [UTC]

That’s Tether outflow for sure..

nutela20:17:32 - 17 Oct 2018 [UTC]

TrueUSD +10% spikes..

nutela20:20:06 - 17 Oct 2018 [UTC]

Err, is that allowed uploading videos?

Stefan20:20:47 - 17 Oct 2018 [UTC]

clockworkgr

if the relevant flags are set yeah

Facilitation for that use case is coming (fix max suplly and turn off issue) https://github.com/bitshares/bsips/pull/115 Next step is singular sell order

Stefan20:21:51 - 17 Oct 2018 [UTC]

clockworkgr

beet will solve that

Working on an explicit voting operation as well (for facilitation and traffic decrease) https://github.com/bitshares/bsips/pull/114

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Jenny Silva20:25:04 - 17 Oct 2018 [UTC]

Hi everyone

nutela20:26:09 - 17 Oct 2018 [UTC]

14:43 bitUSD, he listened!

R20:28:38 - 17 Oct 2018 [UTC]

300MB video?! Post it to YouTube 🤣

Valera Cogut20:29:52 - 17 Oct 2018 [UTC]

telegram replaces youtube, google drive, drop box at the same time :)

Crypto Kong20:29:52 - 17 Oct 2018 [UTC]

Lol

Valera Cogut20:30:25 - 17 Oct 2018 [UTC]

telegram is new chat-cloud platform ))

nutela20:30:50 - 17 Oct 2018 [UTC]

cmmob

300MB video?! Post it to YouTube 🤣

https://youtu.be/RQd9Ai92zMw?t=847

nutela20:31:02 - 17 Oct 2018 [UTC]

About bitUSD and StableCoins

nutela20:31:43 - 17 Oct 2018 [UTC]

valeracogut

telegram replaces youtube, google drive, drop box at the same time :)

Some people like that I download all YT videos so they can easily take it with them.. like to mobile..

nutela20:32:10 - 17 Oct 2018 [UTC]

If you guys want that, I download them with `youtube-dl`

Valera Cogut20:32:19 - 17 Oct 2018 [UTC]

👍

nutela20:32:58 - 17 Oct 2018 [UTC]

BitShares! https://youtu.be/EpAZejobFAc?t=523

nutela20:33:39 - 17 Oct 2018 [UTC]

You see how that worked? I commented why no bitUSD and a few days later presto! Chris Coney is the man, I really like him, he’s good and funny.

R20:36:28 - 17 Oct 2018 [UTC]

nut3l4

https://youtu.be/RQd9Ai92zMw?t=847

Nice one, thanks

nutela20:38:59 - 17 Oct 2018 [UTC]

Yeah where’s my reward? I literally asked him when he’s going to do something about bitUSD, he’s on Steem etc. so he knows.. but he likes the Ethereum Stablecoin better sheesh, I wonder why..

nutela20:39:23 - 17 Oct 2018 [UTC]

It’s really sad to see bitUSD stuck at 11M whereas the new ones are over 100M now

nutela20:39:50 - 17 Oct 2018 [UTC]

If bitUSD could like migrate to exchanges…

J-Rod The Anon20:41:43 - 17 Oct 2018 [UTC]

no kidding

J-Rod The Anon20:41:48 - 17 Oct 2018 [UTC]

this would be the perfect time

J-Rod The Anon20:42:13 - 17 Oct 2018 [UTC]

but I guess people want coins backed to fiat, and not to more crypto with a feed price peg

nutela20:46:42 - 17 Oct 2018 [UTC]

Yeah...

nutela20:47:06 - 17 Oct 2018 [UTC]

Well Chris Coney loves Dai… it’s more stable then bitUSD, at least according to his chart

nutela20:47:42 - 17 Oct 2018 [UTC]

Could be BSIP42… for that spike… I mean Mcap didn’t go beyond 12M.. so we’re staying small 😢

nutela20:48:13 - 17 Oct 2018 [UTC]

bitUSD the poor man’s coin 😂

J-Rod The Anon20:51:58 - 17 Oct 2018 [UTC]

well the advantage for me is, interest free loans to yourself

Ronny Boesing20:57:49 - 17 Oct 2018 [UTC]

https://www.cryptofresh.com/a/BRIDGE.BTC

Ronny Boesing20:58:35 - 17 Oct 2018 [UTC]

Somebody bought btc at 547 usd on crypto bridge ?

Ronny Boesing20:59:29 - 17 Oct 2018 [UTC]

Or something is wrong at least

nutela21:02:46 - 17 Oct 2018 [UTC]

Well you tell us Ronny

nutela21:03:03 - 17 Oct 2018 [UTC]

BTW do gateways need to have stake first?

💖

💖kamy💖21:03:42 - 17 Oct 2018 [UTC]

How can help me

Alex M - clockwork21:08:15 - 17 Oct 2018 [UTC]

ronnyb

Somebody bought btc at 547 usd on crypto bridge ?

price calculation is wrong on cryptofresh

Alex M - clockwork21:08:33 - 17 Oct 2018 [UTC]

happens on reference UI too on low liquidity markets

Alex M - clockwork21:08:41 - 17 Oct 2018 [UTC]

its BTC/LGS market

Alex M - clockwork21:08:55 - 17 Oct 2018 [UTC]

displayed price depends on LGS price

Alex M - clockwork21:09:26 - 17 Oct 2018 [UTC]

if there hasnt been a trade in LGS/BTS or LGS/USD markets in a while, that price would be inaccurate

nutela21:10:08 - 17 Oct 2018 [UTC]

I think I’ll be starting a gateway too.

nutela21:10:17 - 17 Oct 2018 [UTC]

Doesn’t seem so hard now 😂

nutela21:10:38 - 17 Oct 2018 [UTC]

I see I could depend on @clockworkgr anyway, trhow him a bone once in a while...

nutela21:11:01 - 17 Oct 2018 [UTC]

He lives in Greece so probably well fare anyway 😂🤗 Nah I’m kidding man

Alex M - clockwork21:12:11 - 17 Oct 2018 [UTC]

Damn

nutela21:15:12 - 17 Oct 2018 [UTC]

Haha missed opportunity?

Thom verbaltech221:15:40 - 17 Oct 2018 [UTC]

favdesu

your expertise fits the committee more

Not sure about that. Alex is a coder, and a good one. I think we need good devs more than committee volunteers. I think he'd be good in that role too tho.

Alex M - clockwork21:15:40 - 17 Oct 2018 [UTC]

Nah

Alex M - clockwork21:17:38 - 17 Oct 2018 [UTC]

ThomasFreedman

Not sure about that. Alex is a coder, and a good one. I think we need good devs more than committee volunteers. I think he'd be good in that role too tho.

Can't I do both? I'm also in advertising with large multinational clients for 15+ years

Thom verbaltech221:26:14 - 17 Oct 2018 [UTC]

Some do, like you, abit, bhuz and witness.still, but I see doing so as a conflict of interests, tho it's not major one (so far at least). I feel better about witnesses in committee slots than people who aren't as familiar with the BitShares ecosystem or its' history tho. The conflict arises when the committee sets parameters that affect witnesses, like their pay. It is kept in check in part b/c the committee must reach a consensus to make changes, and not all committee members are witnesses.

Alex M - clockwork21:26:52 - 17 Oct 2018 [UTC]

ThomasFreedman

fwiw ,I've actually suggested decreasing witness pay :P

Alex M - clockwork21:27:12 - 17 Oct 2018 [UTC]

admittedly bts was ~ 0.18 at the time

Alex M - clockwork21:28:56 - 17 Oct 2018 [UTC]

i understand the conflict of interest and I'd rather not do both... but witness pays for the time I spent on bitshares

Thom verbaltech221:28:58 - 17 Oct 2018 [UTC]

In this bear market, with server costs rising? Increasing the # of witnesses has reduced our pay this year already. I'm not necessarily opposed, needs more discussion.

Alex M - clockwork21:29:12 - 17 Oct 2018 [UTC]

Guess it depends

Alex M - clockwork21:30:12 - 17 Oct 2018 [UTC]

There's people like you or Ryan who redirect most of their pay back into infrastructure (API nodes, backup nodes, seed nodes etc.etc)

Alex M - clockwork21:30:34 - 17 Oct 2018 [UTC]

But there's also witnesses with half-assed setups

Alex M - clockwork21:30:48 - 17 Oct 2018 [UTC]

Although bitcrab shook em up a little on that

Alex M - clockwork21:33:33 - 17 Oct 2018 [UTC]

anyway...back to the conflict thing, I agree...but witness pay justifies amount of time I spend for this ecosystem ....committee position ensure it doesn't go to waste...

Alex M - clockwork21:33:54 - 17 Oct 2018 [UTC]

if I felt comfortable enough to give up one of the 2 , i woud

Alex M - clockwork21:34:00 - 17 Oct 2018 [UTC]

would

Thom verbaltech221:40:04 - 17 Oct 2018 [UTC]

Yep, b/c I care and am highly invested in the success of BitShares to the best of my abilities at this stage of my life. This just shows the lack of concern for conventions and standards. There are very few for the governance roles we have, and I don't see many that comment favorably to the importance of them. The forum is filled with lots of suggestions for witness. Commitee needs guidlines also, like how often they should adjust chain parameters, which ones need review / changing and how often... This project is not managed with the typical engineering mindset I have seen during my career, most of which was with software startup companies.

Thom verbaltech221:41:35 - 17 Oct 2018 [UTC]

clockworkgr

There's people like you or Ryan who redirect most of their pay back into infrastructure (API nodes, backup nodes, seed nodes etc.etc)

Taconator21:49:59 - 17 Oct 2018 [UTC]

clockworkgr

same background/concepts that led to BSIP42

Good article Still disagree with moving from Option B to Option C

Taconator21:53:43 - 17 Oct 2018 [UTC]

cmmob

If you could borrow cny with bts via a cex front end, then that'd get bts off the cex and onto the dex, no? :D

If understand you correctly do not think so because that means CEX-controlled account was used to short the bitCNY into existence

Alex M - clockwork21:54:10 - 17 Oct 2018 [UTC]

Taconator

Good article Still disagree with moving from Option B to Option C

the analogy is not clear....we are actually moving from option B to option A

Alex M - clockwork21:55:26 - 17 Oct 2018 [UTC]

ie Free Capital Flow (we cant do differently in crypto) and Fixed exchange rate (Tight Peg)

Alex M - clockwork21:55:55 - 17 Oct 2018 [UTC]

we give up soverreign monetary policy because in order to have the other 2 we no longer control it

R21:56:37 - 17 Oct 2018 [UTC]

Taconator

If understand you correctly do not think so because that means CEX-controlled account was used to short the bitCNY into existence

True, unless they charged a fee to create a new account per cex user so that they each had separate margin positions which couldn't affect each other?

Alex M - clockwork21:56:38 - 17 Oct 2018 [UTC]

but its dictated by the markets/appropriate algorithm

Taconator21:59:03 - 17 Oct 2018 [UTC]

clockworkgr

the analogy is not clear....we are actually moving from option B to option A

If the target is to eliminate force settlement, then the target is Option C

Alex M - clockwork21:59:24 - 17 Oct 2018 [UTC]

Taconator

If the target is to eliminate force settlement, then the target is Option C

Target is tight peg

Alex M - clockwork21:59:49 - 17 Oct 2018 [UTC]

Broken force settlement at the moment is an unfortunate side effect

Alex M - clockwork22:00:02 - 17 Oct 2018 [UTC]

Of the mcr bug

Alex M - clockwork22:00:39 - 17 Oct 2018 [UTC]

Even force settlement removal (which in any case is volume limited) does not really restrict capital movement

Alex M - clockwork22:01:11 - 17 Oct 2018 [UTC]

What we are giving up is the ability to set MCR as we wish

Alex M - clockwork22:01:47 - 17 Oct 2018 [UTC]

Instead , MCR is whatever the market dictates is needed for a tight peg

Taconator22:01:50 - 17 Oct 2018 [UTC]

clockworkgr

Even force settlement removal (which in any case is volume limited) does not really restrict capital movement

Disagree. In the context of BitShares, free capital movement is between BTS and an MPA.

Alex M - clockwork22:02:28 - 17 Oct 2018 [UTC]

Taconator

Disagree. In the context of BitShares, free capital movement is between BTS and an MPA.

It's not just about bitshares

Taconator22:02:48 - 17 Oct 2018 [UTC]

If cannot get the collateral for an MPA, then what do we have?

Alex M - clockwork22:03:04 - 17 Oct 2018 [UTC]

It's the ability to cash out vast amounts of bitCNY for example to CNY

Alex M - clockwork22:03:20 - 17 Oct 2018 [UTC]

Settlement is very limited anyway

Alex M - clockwork22:03:32 - 17 Oct 2018 [UTC]

What's the limit? Like 20k USD a day?

Alex M - clockwork22:04:11 - 17 Oct 2018 [UTC]

I don't disagree with the importance of settlement btw

Alex M - clockwork22:04:30 - 17 Oct 2018 [UTC]

Just saying that's not how the 3 factors map in our scenario

Alex M - clockwork22:04:55 - 17 Oct 2018 [UTC]

Yesterday, market dictated mcr should have been 122% to keep the peg

Alex M - clockwork22:05:00 - 17 Oct 2018 [UTC]

Instead of 175

Alex M - clockwork22:05:09 - 17 Oct 2018 [UTC]

That's what we gave up control for

Taconator22:05:47 - 17 Oct 2018 [UTC]

clockworkgr

It's the ability to cash out vast amounts of bitCNY for example to CNY

Why would anyone hold an SmartAsset that cannot be redeemed for the collateral?

Alex M - clockwork22:06:15 - 17 Oct 2018 [UTC]

Taconator

Why would anyone hold an SmartAsset that cannot be redeemed for the collateral?

does it matter if it can be redeemed for any equivalent value?

Taconator22:06:20 - 17 Oct 2018 [UTC]

clockworkgr

Yesterday, market dictated mcr should have been 122% to keep the peg

If CR is 40% but is still pegged is that acceptable?

Alex M - clockwork22:07:02 - 17 Oct 2018 [UTC]

Taconator

If CR is 40% but is still pegged to fiat is that acceptable? Will that endure?

thats our main sticking point in current discussions....what do we do if that happens...and how likely is it to happen

Taconator22:07:12 - 17 Oct 2018 [UTC]

clockworkgr

does it matter if it can be redeemed for any equivalent value?

Yes because it will then be monopoly money that can crash in real world exchanges at any moment

Alex M - clockwork22:07:24 - 17 Oct 2018 [UTC]

while bts is gold?

Alex M - clockwork22:07:32 - 17 Oct 2018 [UTC]

same goes for bts

Alex M - clockwork22:07:42 - 17 Oct 2018 [UTC]

settlement only handles lack of liquidity

Alex M - clockwork22:07:45 - 17 Oct 2018 [UTC]

not loss of value

Alex M - clockwork22:08:02 - 17 Oct 2018 [UTC]

still

Alex M - clockwork22:08:04 - 17 Oct 2018 [UTC]

not the point

Alex M - clockwork22:08:09 - 17 Oct 2018 [UTC]

we could have fair price feed

Alex M - clockwork22:08:13 - 17 Oct 2018 [UTC]

and settlement active

Alex M - clockwork22:09:04 - 17 Oct 2018 [UTC]

and handle bsip42 via mcr /mssr manipulation

Alex M - clockwork22:09:18 - 17 Oct 2018 [UTC]

that is actually the way its supposed to be done according to the bsip

Alex M - clockwork22:09:34 - 17 Oct 2018 [UTC]

only reason it's done via price feed is due to the bug thats currently beign fixed

Alex M - clockwork22:09:45 - 17 Oct 2018 [UTC]

and hopefully will stop soon

Taconator22:09:50 - 17 Oct 2018 [UTC]

clockworkgr

that is actually the way its supposed to be done according to the bsip

Same problem even if done with MCR

Alex M - clockwork22:09:50 - 17 Oct 2018 [UTC]

so settlement can be fair again

Alex M - clockwork22:10:11 - 17 Oct 2018 [UTC]

Taconator

Same problem even if done with MCR

why? settlement will be done at fair price

Alex M - clockwork22:10:26 - 17 Oct 2018 [UTC]

MCR going below 100 is a different problem

Taconator22:10:46 - 17 Oct 2018 [UTC]

If MCR is 40% but pegged to fiat at 1 to 1, it will still be nonsense asset

Alex M - clockwork22:10:58 - 17 Oct 2018 [UTC]

probably

Alex M - clockwork22:11:03 - 17 Oct 2018 [UTC]

but not dicussing this

Alex M - clockwork22:11:18 - 17 Oct 2018 [UTC]

just pointing out that it's actually moving from option B to option A

Alex M - clockwork22:11:46 - 17 Oct 2018 [UTC]

belief on whetehr bsip 42 can/will work or not is irrelevant

Taconator22:12:39 - 17 Oct 2018 [UTC]

clockworkgr

belief on whetehr bsip 42 can/will work or not is irrelevant

Agree that it can work as temporary proxy for MCR approach

Alex M - clockwork22:12:40 - 17 Oct 2018 [UTC]

just stating what the facts are...and that's giving up monetary policy for tighter peg

Alex M - clockwork22:12:56 - 17 Oct 2018 [UTC]

Taconator

Agree that it can work as temporary proxy for MCR approach

BSIP42 is for tighter peg

Alex M - clockwork22:13:20 - 17 Oct 2018 [UTC]

changing pricefeed is aaan implementation suggestion

Alex M - clockwork22:13:28 - 17 Oct 2018 [UTC]

not the point of the bsip

Taconator22:13:36 - 17 Oct 2018 [UTC]

clockworkgr

BSIP42 is for tighter peg

Which is achieved by effectively reducing CR from 1.75

Alex M - clockwork22:14:52 - 17 Oct 2018 [UTC]

Taconator

Which is achieved by effectively reducing MCR from 1.75

or increasing as the case may be

Alex M - clockwork22:15:01 - 17 Oct 2018 [UTC]

but yes

Alex M - clockwork22:15:13 - 17 Oct 2018 [UTC]

hence my point thats its monetary policy we're giving up

Alex M - clockwork22:16:44 - 17 Oct 2018 [UTC]

the "right" way of dealing with it

Alex M - clockwork22:16:50 - 17 Oct 2018 [UTC]

is keeping all 3

Ronny Boesing22:16:52 - 17 Oct 2018 [UTC]

clockworkgr

BSIP42 is for tighter peg

Maybe adjust in the description that it is made to allow bitcny to be the usecase and bitcny only until fully proven as a valid operation and I will vote for this once again. I disagree fundamentally in any individual parties on the ecosystem pushing witnesses to move in whichever direction purely on the belief it’s the right way without proper testing

Alex M - clockwork22:17:16 - 17 Oct 2018 [UTC]

and taking the risk premium out of the equation

Alex M - clockwork22:17:31 - 17 Oct 2018 [UTC]

but that causes shitloads of regulatory trouble

Alex M - clockwork22:18:00 - 17 Oct 2018 [UTC]

because suddenly you have to charge interest/pay yield depending on conditions

Ronny Boesing22:18:18 - 17 Oct 2018 [UTC]

Force settlement to be removed will always stand as a no no from our side

Ronny Boesing22:24:27 - 17 Oct 2018 [UTC]

In two interviews today and the presentation yesterday by Yury at the IOT Solutions World Congress as well as my own thought leadership presentation tomorrow BitShares is an integral part of progress when it comes to Blockchain progress and the core principles of BitShares are why we are still a strong support of this technology

💖

💖kamy💖22:24:54 - 17 Oct 2018 [UTC]

😒

Alex M - clockwork22:26:16 - 17 Oct 2018 [UTC]

ronnyb

I agree. hence why i'm no longer feeding USD price. Not comfortable enough to implement bsip42 on USD in a "safe"way...but at the same tim i realise lack of consensus on feeding strategy is actually dangerous...so not interfering with it

Ronny Boesing22:26:22 - 17 Oct 2018 [UTC]

My two cents at this late hours after a long day in Barcelona

Alex M - clockwork22:26:52 - 17 Oct 2018 [UTC]

hopefully the bug will be fixed and we can move to MCR/MSSR adjustments like the INITIAL design suggests

Taconator22:26:58 - 17 Oct 2018 [UTC]

clockworkgr

hence my point thats its monetary policy we're giving up

Disagree. Maybe difference of definition. Define monetary policy as control of the creation and destruction of a currency: in this case bitCNY How do you define monetary policy?

Taconator22:27:19 - 17 Oct 2018 [UTC]

ronnyb

Force settlement to be removed will always stand as a no no from our side, as it does not co relate with the core principle of bitshares

Concur

Alex M - clockwork22:27:32 - 17 Oct 2018 [UTC]

Taconator

Disagree. Maybe difference of definition. Define monetary policy as control of the creation and destruction of a currency: in this case bitCNY How do you define monetary policy?

control of the creation and destruction of a currency : MCR/MSSR control both

Alex M - clockwork22:27:53 - 17 Oct 2018 [UTC]

margin calls destroy bitUSD

Alex M - clockwork22:28:31 - 17 Oct 2018 [UTC]

and MCR also dictates how much is created (for the same amount of BTS)

💖

💖kamy💖22:28:47 - 17 Oct 2018 [UTC]

Sorry my english is not so good

💖

💖kamy💖22:28:55 - 17 Oct 2018 [UTC]

I'm in russia

💖

💖kamy💖22:29:08 - 17 Oct 2018 [UTC]

What is bitshares

💖

💖kamy💖22:29:14 - 17 Oct 2018 [UTC]

Is working?

Alex M - clockwork22:29:44 - 17 Oct 2018 [UTC]

Taconator

Concur

i tend to agree....will take a lot to convince me removing it is needed...it's hardly used and limited anyway so I doubt it interferes with any other experimentation much

Alex M - clockwork22:30:13 - 17 Oct 2018 [UTC]

but its existence provides a certain added level of trust in bitAssets

JonnyB22:30:51 - 17 Oct 2018 [UTC]

Force settlement is the peg. (But only to the downside)

Alex M - clockwork22:31:01 - 17 Oct 2018 [UTC]

ronnyb

My two cents at this late hours after a long day in Barcelona

appreciated ronny....near a PC by any chance? or on phone? :D

nutela22:31:16 - 17 Oct 2018 [UTC]

ThomasFreedman

Not sure about that. Alex is a coder, and a good one. I think we need good devs more than committee volunteers. I think he'd be good in that role too tho.

So is the comitee not only whales? How does it work? Does IQ get you elected?

JonnyB22:31:46 - 17 Oct 2018 [UTC]

If the market isn't giving you the correct value. The smart contract will.

Taconator22:32:26 - 17 Oct 2018 [UTC]

clockworkgr

control of the creation and destruction of a currency : MCR/MSSR control both

Are you saying that the inability to currently set MCR under BSIP 42 means that BitShares **is currently at Option A**?

JonnyB22:32:30 - 17 Oct 2018 [UTC]

If forced settlement is removed then what is the poiny

Alex M - clockwork22:33:06 - 17 Oct 2018 [UTC]

Taconator

Are you saying that the inability to currently set MCR under BSIP 42 means that BitShares is currently at Option A?

I'm saying that no longer being able to choose MCR is option A

JonnyB22:34:00 - 17 Oct 2018 [UTC]

Force settlement has been messed around with by the 5% offset and non truthful price feeds that were authorised by bsip42

Alex M - clockwork22:34:27 - 17 Oct 2018 [UTC]

nut3l4

So is the comitee not only whales? How does it work? Does IQ get you elected?

showing/convincing people you're a good choice tends to work out .....really dont understand why people think whales and people with a lot of skin in the game somehow care less about the platform's success...all logic says the opposite

Alex M - clockwork22:34:47 - 17 Oct 2018 [UTC]

Mylimbsarelong

Force settlement has been messed around with by the 5% offset and non truthful price feeds that were authorised by bsip42

which is why i wanna see the move to mcr/mssr adjustments asap

JonnyB22:35:31 - 17 Oct 2018 [UTC]

Decreasing either makes bitassets less secure for holders

Alex M - clockwork22:35:59 - 17 Oct 2018 [UTC]

Mylimbsarelong

Decreasing either makes bitassets less secure for holders

yes...at the same time sometimes they might be TOO secure

Taconator22:36:07 - 17 Oct 2018 [UTC]

clockworkgr

which is why i wanna see the move to mcr/mssr adjustments asap

But the MCR is effectively being changed **now** with the altered feeds Do you disagree?

Slavi La Libertad22:36:24 - 17 Oct 2018 [UTC]

Mylimbsarelong

Decreasing either makes bitassets less secure for holders

It will be set depending on market state (bearish /bullish...) I suppose.

nutela22:36:27 - 17 Oct 2018 [UTC]

Interesting conv. too bad it’s really late here..

Alex M - clockwork22:36:32 - 17 Oct 2018 [UTC]

Taconator

But the MCR is effectively being changed now with the altered feeds Do you disagree?

no...thats my point

nutela22:36:39 - 17 Oct 2018 [UTC]

Alex is a bat 😉

Alex M - clockwork22:36:42 - 17 Oct 2018 [UTC]

that we no longer control MCR

Alex M - clockwork22:36:48 - 17 Oct 2018 [UTC]

and leave it to the markets

JonnyB22:37:00 - 17 Oct 2018 [UTC]

clockworkgr

yes...at the same time sometimes they might be TOO secure

How can you say they are too secure when most smart coins have black swanned

nutela22:37:35 - 17 Oct 2018 [UTC]

clockworkgr

Sure logic but look at Steem, that enough for you?

Alex M - clockwork22:37:36 - 17 Oct 2018 [UTC]

Mylimbsarelong

How can you say they are too secure when most smart coins have black swanned

lack of liquidity...nought to do with MCR levels

Alex M - clockwork22:37:53 - 17 Oct 2018 [UTC]

why havent bitUSD and bitCNY black swanned?

nutela22:38:01 - 17 Oct 2018 [UTC]

So I don’t trust DPOS per sé…

nutela22:38:27 - 17 Oct 2018 [UTC]

And why didn’t BitShares take off? It’s fucking briliant.

JonnyB22:38:36 - 17 Oct 2018 [UTC]

You think collateral ratios have nothing to do with the risk of a black swan?

nutela22:38:46 - 17 Oct 2018 [UTC]

I mean I think iOS is shit so that means a lot.

Alex M - clockwork22:38:49 - 17 Oct 2018 [UTC]

nut3l4

And why didn’t BitShares take off? It’s fucking briliant.

shitloads of reasons...

Alex M - clockwork22:38:52 - 17 Oct 2018 [UTC]

nutela22:39:04 - 17 Oct 2018 [UTC]

I think too conservative.

nutela22:39:53 - 17 Oct 2018 [UTC]

But that’s a good thing in itself. I really see efforts like PalmPay and bitspark bring more liquidity. Problem there is just legal stuff, adoption could rise if you had a cheaper price because of no VAT for example.

Alex M - clockwork22:40:07 - 17 Oct 2018 [UTC]

Mylimbsarelong

You think collateral ratios have nothing to do with the risk of a black swan?

no...i'm saying that bitAssets black swanned due to lack of liquidity...they would have even with a 300% MCR

Slavi La Libertad22:40:08 - 17 Oct 2018 [UTC]

Imho changing MCR/MSSR is better than seeing that ☝️:) And no clockwork as witness anymore with his 0.10 feed price...

JonnyB22:40:25 - 17 Oct 2018 [UTC]

Why not increase mssr instead of decreasing it. That would result in less margin calls

nutela22:40:26 - 17 Oct 2018 [UTC]

But even if you

nutela22:41:03 - 17 Oct 2018 [UTC]

clockworkgr

no...i'm saying that bitAssets black swanned due to lack of liquidity...they would have even with a 300% MCR

You’re talking about recent?

Alex M - clockwork22:41:08 - 17 Oct 2018 [UTC]

memset

Imho changing MCR/MSSR is better than seeing that ☝️:) And no clockwork as witness anymore with his 0.10 feed price...

agree and sorry...but non-consensus in feed strategy can be dangerous...so i just stopped feeding usd altogether rather than interfere

Alex M - clockwork22:41:32 - 17 Oct 2018 [UTC]

Mylimbsarelong

Why not increase mssr instead of decreasing it. That would result in less margin calls

why increase the protection ratio?

Alex M - clockwork22:41:54 - 17 Oct 2018 [UTC]

imho people getting margin called should not be protected at all

Alex M - clockwork22:42:01 - 17 Oct 2018 [UTC]

especially in a liquid market

nutela22:42:08 - 17 Oct 2018 [UTC]

I agree

JonnyB22:42:46 - 17 Oct 2018 [UTC]

Shorts will care more about being undercollateralised if they know they will get a 20% haircut

nutela22:43:04 - 17 Oct 2018 [UTC]

But then again Tether got so big by printing money. It’s always cheapest who wins...

Taconator22:43:24 - 17 Oct 2018 [UTC]

clockworkgr

no...thats my point

But this appears to contradict your earliest definition "control of the creation and destruction of a currency : MCR/MSSR control both" MCR is effectively controlled now. By your definition, this means monetary control is present. Which means we are not at Option A What am I misunderstanding?

nutela22:43:39 - 17 Oct 2018 [UTC]

Can’t do much if I have a 2.91 ratio just to be safe

nutela22:43:49 - 17 Oct 2018 [UTC]

It’s expensive lending!

Alex M - clockwork22:44:08 - 17 Oct 2018 [UTC]

Taconator

sovereign monetary policy...means we get to choose.. i.e. say 1.75 MCR...forever (like we used too)

Alex M - clockwork22:44:23 - 17 Oct 2018 [UTC]

we gave up sovereignity thus we NO longer control it

Alex M - clockwork22:44:28 - 17 Oct 2018 [UTC]

it's not independent

JonnyB22:44:30 - 17 Oct 2018 [UTC]

Mssr is only -10%

Alex M - clockwork22:44:32 - 17 Oct 2018 [UTC]

the market sets it

nutela22:44:53 - 17 Oct 2018 [UTC]

Now the markets set it?

Taconator22:45:26 - 17 Oct 2018 [UTC]

clockworkgr

we gave up sovereignity thus we NO longer control it

Who is we? The witnesses are effectively controlling the MCR **now** with altered feeds

nutela22:45:46 - 17 Oct 2018 [UTC]

Well I don’t like that.

Alex M - clockwork22:45:51 - 17 Oct 2018 [UTC]

nut3l4

Now the markets set it? 👀

They're not controlling it

nutela22:46:03 - 17 Oct 2018 [UTC]

I see, Taco explained

JonnyB22:46:11 - 17 Oct 2018 [UTC]

Bsip42 with only 12% of shareholders votes

Alex M - clockwork22:46:37 - 17 Oct 2018 [UTC]

They're *setting* it to whatever the market dictates is needed for a tight peg

nutela22:46:41 - 17 Oct 2018 [UTC]

So that’s what I wanted to ask, can you have like experimental features? Like for two months?

Alex M - clockwork22:46:45 - 17 Oct 2018 [UTC]

They're just a tool

nutela22:46:51 - 17 Oct 2018 [UTC]

So even if it’s voted in, it won’t be forever.

JonnyB22:47:02 - 17 Oct 2018 [UTC]

clockworkgr

They're *setting* it to whatever the market dictates is needed for a tight peg

So not free market

Alex M - clockwork22:47:07 - 17 Oct 2018 [UTC]

nut3l4

So that’s what I wanted to ask, can you have like experimental features? Like for two months?

Technically yes

nutela22:47:14 - 17 Oct 2018 [UTC]

That’s awesome

nutela22:47:31 - 17 Oct 2018 [UTC]

I’d go that route for many dangerous features

Alex M - clockwork22:47:40 - 17 Oct 2018 [UTC]

If bsip42 yes vote goes below no vote witnesses are supposed to stop

nutela22:47:44 - 17 Oct 2018 [UTC]

Just see what happens (ducks)

JonnyB22:47:50 - 17 Oct 2018 [UTC]

nut3l4

So that’s what I wanted to ask, can you have like experimental features? Like for two months?

5% force settlement off set was supposed to be a temporary experiment

nutela22:47:57 - 17 Oct 2018 [UTC]

clockworkgr

If bsip42 yes vote goes below no vote witnesses are supposed to stop

Cool

Alex M - clockwork22:48:00 - 17 Oct 2018 [UTC]

Mylimbsarelong

So not free market

Yep...no independent monetary policy

Ronny Boesing22:48:05 - 17 Oct 2018 [UTC]

clockworkgr

appreciated ronny....near a PC by any chance? or on phone? :D

Voted pls check gn

nutela22:48:18 - 17 Oct 2018 [UTC]

I guess if I had like 10k in BTS then I’d vote much more..

Alex M - clockwork22:48:24 - 17 Oct 2018 [UTC]

ronnyb

Voted pls check gn

Thank ...get some rest

Taconator22:48:27 - 17 Oct 2018 [UTC]

clockworkgr

They're *setting* it to whatever the market dictates is needed for a tight peg

I see what you mean now with that definition 🤔

Alex M - clockwork22:48:53 - 17 Oct 2018 [UTC]

Taconator

I see what you mean now with that definition 🤔

It's like the ecb calling the shots

Alex M - clockwork22:49:04 - 17 Oct 2018 [UTC]

Local finance minister still signs it

nutela22:49:07 - 17 Oct 2018 [UTC]

clockworkgr

Thank ...get some rest

Alex it’s like 2am for you no?

Alex M - clockwork22:49:12 - 17 Oct 2018 [UTC]

Doesn't mean he controls it

nutela22:49:14 - 17 Oct 2018 [UTC]

It’s almost 1 am here

Alex M - clockwork22:49:18 - 17 Oct 2018 [UTC]

nut3l4

Alex it’s like 2am for you no?

Yeah

Thom verbaltech222:49:40 - 17 Oct 2018 [UTC]

Mylimbsarelong

Bsip42 passed with only 12% of shareholders votes

You can thank proxies for that, right?

Alex M - clockwork22:50:24 - 17 Oct 2018 [UTC]

ThomasFreedman

You can thank proxies for that, right?

i'd argue , thank the other 88% who cant be bothered to vote

Alex M - clockwork22:50:56 - 17 Oct 2018 [UTC]

fwiw...not a huge fan of bsip42 and the way it is implemented...

Alex M - clockwork22:51:07 - 17 Oct 2018 [UTC]

im just explainign there is very solid reasoning behind it

Alex M - clockwork22:51:23 - 17 Oct 2018 [UTC]

you might disagree on "ideological"/historical grounds

nutela22:51:25 - 17 Oct 2018 [UTC]

clockworkgr

i'd argue , thank the other 88% who cant be bothered to vote

I really didn’t know there were non-permanent options, that’s like the greatest thing, people would vote more if they can experiment and see..

Alex M - clockwork22:51:27 - 17 Oct 2018 [UTC]

like Thom

Alex M - clockwork22:51:40 - 17 Oct 2018 [UTC]

but its not some "random" let's see what happens experiment

JonnyB22:51:40 - 17 Oct 2018 [UTC]

You say to keep a tight peg. But that's not the most important thing.

Alex M - clockwork22:52:04 - 17 Oct 2018 [UTC]

Mylimbsarelong

You say to keep a tight peg. But that's not the most important thing.

it is for the people that voted for it

Alex M - clockwork22:52:20 - 17 Oct 2018 [UTC]

me, i think a certain premium is acceptable and expected

Alex M - clockwork22:52:25 - 17 Oct 2018 [UTC]

wish it wasnt as volatile

Alex M - clockwork22:52:35 - 17 Oct 2018 [UTC]

but dont really have any solutions

JonnyB22:52:48 - 17 Oct 2018 [UTC]

Bitcrab voted for it because he would rather not add collateral

nutela22:53:10 - 17 Oct 2018 [UTC]

Mylimbsarelong

Bitcrab voted for it because he would rather not add collateral

Oh that’s really nice of him

Alex M - clockwork22:53:12 - 17 Oct 2018 [UTC]

Mylimbsarelong

Bitcrab voted for it because he would rather not add collateral

actually bitcrab was very much against it at first

JonnyB22:53:39 - 17 Oct 2018 [UTC]

Force settlement fix's the peg to the downside.

Alex M - clockwork22:53:54 - 17 Oct 2018 [UTC]

the reasonign above convinced him...others were not as convinced

Alex M - clockwork22:54:05 - 17 Oct 2018 [UTC]

again...not defending the bsip

Thom verbaltech222:54:09 - 17 Oct 2018 [UTC]

clockworkgr

They're *setting* it to whatever the market dictates is needed for a tight peg

OK, so now that you clarified >how< it's set, it's not the market doing the setting it's (several different) algorithms run by that witness that interprets the market to set the "effective" MCR, which is another layer of isolation between what "the market" wants and the changes made to achieve that via the algo.

nutela22:54:11 - 17 Oct 2018 [UTC]

Mylimbsarelong

Force settlement fix's the peg to the downside.

So what about forced lending?

Alex M - clockwork22:54:16 - 17 Oct 2018 [UTC]

just the incentive and reasoning behidn it

JonnyB22:54:43 - 17 Oct 2018 [UTC]

Bitcrab has enough voting power to push what he wants through. Bitshares is less decentralised than I thought it was.

Alex M - clockwork22:54:47 - 17 Oct 2018 [UTC]

ThomasFreedman

I would agree if it was SET via algorithm

nutela22:54:50 - 17 Oct 2018 [UTC]

Have rewards for staking?

nutela22:55:01 - 17 Oct 2018 [UTC]

And Dexbot market making?

Alex M - clockwork22:55:02 - 17 Oct 2018 [UTC]

but it's negative feedback

Alex M - clockwork22:55:14 - 17 Oct 2018 [UTC]

which actually does work

Alex M - clockwork22:55:20 - 17 Oct 2018 [UTC]

slight dampening

Alex M - clockwork22:55:26 - 17 Oct 2018 [UTC]

but no isolation

JonnyB22:55:26 - 17 Oct 2018 [UTC]

Bsip42 is so vague when you read it

nutela22:55:43 - 17 Oct 2018 [UTC]

Mylimbsarelong

Bsip42 is so vague when you read it

LOL, told you so

JonnyB22:56:01 - 17 Oct 2018 [UTC]

Hardly a smart (contract)

nutela22:56:28 - 17 Oct 2018 [UTC]

I mean most ppl make videos today.. you guys are not even using pictures

Alex M - clockwork22:56:45 - 17 Oct 2018 [UTC]

i.e. the algorithm doesn't say premium is X% so we need to change this by Y%

nutela22:56:47 - 17 Oct 2018 [UTC]

Sometimes I think you all have PhD’s

Alex M - clockwork22:56:57 - 17 Oct 2018 [UTC]

algorithm just dictates which way to move

nutela22:56:59 - 17 Oct 2018 [UTC]

That could be off putting too..

nutela22:57:22 - 17 Oct 2018 [UTC]

Like market is fine with fucking Tether

Thom verbaltech222:57:26 - 17 Oct 2018 [UTC]

Mylimbsarelong

You say to keep a tight peg. But that's not the most important thing.

That's my take as well.

nutela22:57:57 - 17 Oct 2018 [UTC]

You can be too good you know… Seen it all the time.. Ppl just don’t get it.. too advanced...

Alex M - clockwork22:58:09 - 17 Oct 2018 [UTC]

nut3l4

You can be too good you know… Seen it all the time.. Ppl just don’t get it.. too advanced...

happens a lot at bitshares

Brown Dwyer22:58:15 - 17 Oct 2018 [UTC]

Alex M - clockwork22:58:20 - 17 Oct 2018 [UTC]

we are not dumb-friendly ..i'll give you that

nutela22:58:25 - 17 Oct 2018 [UTC]

And then they stare at you or worse, laugh but they are the stupid ones.. happens all the time.. so.. could be a bug 😉

nutela22:58:50 - 17 Oct 2018 [UTC]

clockworkgr

we are not dumb-friendly ..i'll give you that

I really think it’s that simply after following you guys for so long..

nutela22:59:11 - 17 Oct 2018 [UTC]

And it’s really hard to get simple answers.

nutela22:59:21 - 17 Oct 2018 [UTC]

I see people struggle explain BitShares so...

JonnyB22:59:27 - 17 Oct 2018 [UTC]

Bitshares complex

Alex M - clockwork22:59:29 - 17 Oct 2018 [UTC]

nut3l4

And it’s really hard to get simple answers.

well..I try and break things down when I've understood them myself

nutela22:59:31 - 17 Oct 2018 [UTC]

Even that CryptoVerse guy...

Taconator22:59:38 - 17 Oct 2018 [UTC]

clockworkgr

They're *setting* it to whatever the market dictates is needed for a tight peg

But even with this definition and reasoning, after the MCR fix is in the core, the witnesses would still set the MCR dynamically to hit a peg. By your definition, this would still be the absence of monetary policy, correct?

Slavi La Libertad22:59:49 - 17 Oct 2018 [UTC]

EOS is more complex...

nutela23:00:02 - 17 Oct 2018 [UTC]

Also no social feed on CMC is like 🤦‍♂️

Alex M - clockwork23:00:02 - 17 Oct 2018 [UTC]

Taconator

absence of monetray policy control yes

Alex M - clockwork23:00:26 - 17 Oct 2018 [UTC]

being the one that sets it to what some otehr entity dictates does not mean you have control

nutela23:00:40 - 17 Oct 2018 [UTC]

memset

EOS is more complex...

EOS has just more of the stupid money in it. Morons there...

Alex M - clockwork23:01:05 - 17 Oct 2018 [UTC]

as soon as you go against what is dictated (soverireign policy reinstated)..you break the peg

nutela23:01:08 - 17 Oct 2018 [UTC]

Ppl who think they know but never used BitShares..

Alex M - clockwork23:01:40 - 17 Oct 2018 [UTC]

Taconator

but settlement would still work and feed price would be fair

Alex M - clockwork23:01:50 - 17 Oct 2018 [UTC]

hence why i want it to happen sooner rather than later

Alex M - clockwork23:02:06 - 17 Oct 2018 [UTC]

same result...looks better and allows fair settlement

Alex M - clockwork23:02:19 - 17 Oct 2018 [UTC]

what happens when dictated MCR is below 100

Crypto Kong23:02:21 - 17 Oct 2018 [UTC]

Question: How important is the peg? Stablecoins like tether and Gemini dollar recently suffered massive volatility, has it put people off? I dont think so.

Crypto Kong23:02:23 - 17 Oct 2018 [UTC]

https://twitter.com/MessariCrypto/status/1052661779455717376?s=19

Alex M - clockwork23:02:32 - 17 Oct 2018 [UTC]

is a question for someone else to tackle

Thom verbaltech223:02:39 - 17 Oct 2018 [UTC]

nut3l4

And it’s really hard to get simple answers.

That's b/c BitShares is not a simple thing. "Dumb" people always want a simple explanation, even when that is impossible.

Thom verbaltech223:03:34 - 17 Oct 2018 [UTC]

memset

EOS is more complex...

Yes it is, but what's your point?

Crypto Kong23:03:36 - 17 Oct 2018 [UTC]

How much time should be spent experimenting and discussing this matter?

JonnyB23:03:45 - 17 Oct 2018 [UTC]

clockworkgr

what happens when dictated MCR is below 100

We are absolutely fucked and may aswell give up or start a new chain

Alex M - clockwork23:04:08 - 17 Oct 2018 [UTC]

Mylimbsarelong

We are absolutely fucked and may aswell give up or start a new chain

i think arbitrage would take care of that quickly

nutela23:04:14 - 17 Oct 2018 [UTC]

ThomasFreedman

That's b/c BitShares is not a simple thing. "Dumb" people always want a simple explanation, even when that is impossible.

It’s never impossible you’re just simplefying things.

Alex M - clockwork23:04:20 - 17 Oct 2018 [UTC]

it would be momentary at worst

Alex M - clockwork23:04:43 - 17 Oct 2018 [UTC]

if its not , its probably in a scenario we'd be in SERIOUS trouble regardless

nutela23:04:50 - 17 Oct 2018 [UTC]

Well that or EOS takes over in 1-2 years

Alex M - clockwork23:04:56 - 17 Oct 2018 [UTC]

but i'd like an economist/analysts PoV too

nutela23:05:09 - 17 Oct 2018 [UTC]

But as I see it they will fight like a year over the constitution 😂

Alex M - clockwork23:05:17 - 17 Oct 2018 [UTC]

memset

EOS is more complex...

not really

nutela23:05:42 - 17 Oct 2018 [UTC]

When ppl learn EOS BP’s make 30k a month..

nutela23:05:54 - 17 Oct 2018 [UTC]

But the pace is insane...

Alex M - clockwork23:05:57 - 17 Oct 2018 [UTC]

as I said earlier

nutela23:06:24 - 17 Oct 2018 [UTC]

I think ppl can’t keep up with the dApps

Alex M - clockwork23:06:30 - 17 Oct 2018 [UTC]

the shitstorm in EOS BPs if they ahd to handle something like bsip42 would be hilarious

nutela23:06:31 - 17 Oct 2018 [UTC]

And there will be fighting and scams.

nutela23:06:45 - 17 Oct 2018 [UTC]

clockworkgr

the shitstorm in EOS BPs if they ahd to handle something like bsip42 would be hilarious

Exactly, they are noobs

nutela23:07:05 - 17 Oct 2018 [UTC]

I mean guys who are suggesting to link the constitution to actual Dutch law 😂

nutela23:07:53 - 17 Oct 2018 [UTC]

And calling what I say about legal constructs a conspiracy theory.. I mean why are you in crypto? 🤦‍♂️

nutela23:08:08 - 17 Oct 2018 [UTC]

Anyway, going to bed

nutela23:08:53 - 17 Oct 2018 [UTC]

I think it’s very important to just experiment and if you can have features with voting to just test them and have them end automatically if not voted on.. that’s just awesome.

nutela23:09:07 - 17 Oct 2018 [UTC]

I mean why do I hear about this now?

Alex M - clockwork23:09:24 - 17 Oct 2018 [UTC]

depends on feature...

nutela23:09:25 - 17 Oct 2018 [UTC]

That’s a killer feauture by itself.

Slavi La Libertad23:09:30 - 17 Oct 2018 [UTC]

ThomasFreedman

Yes it is, but what's your point?

I mean that many things are complex under the hood, but can be used and introduced easily on "frontend".

Alex M - clockwork23:09:37 - 17 Oct 2018 [UTC]

if it's something to be coded in

Taconator23:09:37 - 17 Oct 2018 [UTC]

clockworkgr

absence of monetray policy control yes

Thanks very much for discussion. At least understand that definition better. Need to discuss other definition later to reflect the risk that @Mylimbsarelong is raising

nutela23:09:38 - 17 Oct 2018 [UTC]

clockworkgr

depends on feature...

Yeah I know where you want to go with this

JonnyB23:09:49 - 17 Oct 2018 [UTC]

In normal finance MCR would be calculated by the quality of the collateral (liquidity and volatility)

Alex M - clockwork23:10:07 - 17 Oct 2018 [UTC]

Mylimbsarelong

In normal finance MCR would be calculated by the quality of the collateral (liquidity and volatility)

yep

nutela23:10:31 - 17 Oct 2018 [UTC]

You’d get a finance degree here by just reading 😉

nutela23:10:43 - 17 Oct 2018 [UTC]

It’s better than TV

Alex M - clockwork23:10:55 - 17 Oct 2018 [UTC]

agreed...BTS volatility risk premium is the main factor behind the bitasset premium

Alex M - clockwork23:11:08 - 17 Oct 2018 [UTC]

exaggerated by the MCR

Thom verbaltech223:11:09 - 17 Oct 2018 [UTC]

nut3l4

It’s never impossible you’re just simplefying things.

Sure it is. If a person doesn't have the mental capacity / IQ to understand a thing, it doesn't matter. If they are not "teachable" and open minded you will beat your head against the wall trying to convey the info

JonnyB23:11:12 - 17 Oct 2018 [UTC]

Unfortunately BTS isn't great quality as collateral.

nutela23:11:14 - 17 Oct 2018 [UTC]

But like ValueTainment sayz: Stop overthinking, start overdoing 😂

Slavi La Libertad23:11:34 - 17 Oct 2018 [UTC]

Dynamic MCR... And it can be different for different accounts (like qualified for investors... ;)).

Alex M - clockwork23:11:51 - 17 Oct 2018 [UTC]

Mylimbsarelong

Unfortunately BTS isn't great quality as collateral.

shorters/market says it's better than what 17% MCR suggests

Alex M - clockwork23:11:55 - 17 Oct 2018 [UTC]

175%

nutela23:12:08 - 17 Oct 2018 [UTC]

ThomasFreedman

Nah, then that doesn’t matter, you want people who get it intuitivly, just make sure you get it yourself so you can explain to your mother.

nutela23:12:14 - 17 Oct 2018 [UTC]

Just use props.

JonnyB23:12:36 - 17 Oct 2018 [UTC]

clockworkgr

shorters/market says it's better than what 17% MCR suggests

How do work that out

nutela23:12:37 - 17 Oct 2018 [UTC]

Mylimbsarelong

In normal finance MCR would be calculated by the quality of the collateral (liquidity and volatility)

Like this sentence, that was just like saying it exactly right

Alex M - clockwork23:14:31 - 17 Oct 2018 [UTC]

Mylimbsarelong

How do work that out

bitUSD premium suggests that shorters feel theyre taking on more risk than they should

JonnyB23:15:21 - 17 Oct 2018 [UTC]

Bitshares has dropped 90% this year

Alex M - clockwork23:15:33 - 17 Oct 2018 [UTC]

the fact that people are buying at that price shows the same on the other side

JonnyB23:15:38 - 17 Oct 2018 [UTC]

That's very volatile

Alex M - clockwork23:15:44 - 17 Oct 2018 [UTC]

agreed

JonnyB23:15:57 - 17 Oct 2018 [UTC]

So MCR has to be very high

JonnyB23:16:11 - 17 Oct 2018 [UTC]

Incase of another 90% drop

Alex M - clockwork23:16:18 - 17 Oct 2018 [UTC]

Mylimbsarelong

So MCR has to be very high

not necessarily

Alex M - clockwork23:16:37 - 17 Oct 2018 [UTC]

mcr is also a factor of price

Alex M - clockwork23:16:45 - 17 Oct 2018 [UTC]

as well as past voaltility

JonnyB23:16:50 - 17 Oct 2018 [UTC]

For the person holding bitusd it needs to be

Alex M - clockwork23:16:51 - 17 Oct 2018 [UTC]

and average price

Alex M - clockwork23:16:52 - 17 Oct 2018 [UTC]

etc.

nutela23:17:07 - 17 Oct 2018 [UTC]

Mylimbsarelong

Bitshares has dropped 90% this year

I agree that it doesn’t hold

Alex M - clockwork23:17:17 - 17 Oct 2018 [UTC]

so you could say that being at a low price , nearer the bottom of a volatility swing

Alex M - clockwork23:17:50 - 17 Oct 2018 [UTC]

less mcr is appropriate

JonnyB23:18:01 - 17 Oct 2018 [UTC]

Gold loans in Singapore and other companies denand 200% mcr

Alex M - clockwork23:18:02 - 17 Oct 2018 [UTC]

and if we went up to 50 cents tomorrow

Thom verbaltech223:18:07 - 17 Oct 2018 [UTC]

nut3l4

Nah, then that doesn’t matter, you want people who get it intuitivly, just make sure you get it yourself so you can explain to your mother.

If its so easy, then why don't you do it, and why do so many complain? It IS NOT a simple thing to explain to everyone. Most people that initially heard about crypto dismissed it. It took even those high IQ nerds awhile to understand it and come around.

JonnyB23:18:18 - 17 Oct 2018 [UTC]

Gold is less volatile than bitshares

Alex M - clockwork23:18:20 - 17 Oct 2018 [UTC]

youd see the market dictate MUCH higher MCR is needed

JonnyB23:19:01 - 17 Oct 2018 [UTC]

clockworkgr

so you could say that being at a low price , nearer the bottom of a volatility swing

You have no idea if we are near a bottom

Alex M - clockwork23:19:14 - 17 Oct 2018 [UTC]

Mylimbsarelong

You have no idea if we are near a bottom

i said we're near teh bottom of a swing

nutela23:19:18 - 17 Oct 2018 [UTC]

ThomasFreedman

Nah there’s a thing when you know yourself and you can use analogies, people will get it. It’s mainly not knowing why banks are bad. Inflation… Using pictures...

Alex M - clockwork23:19:22 - 17 Oct 2018 [UTC]

not bottom in general

Alex M - clockwork23:19:41 - 17 Oct 2018 [UTC]

the swing was between 0.04 and 0.93 or so

Alex M - clockwork23:19:50 - 17 Oct 2018 [UTC]

at 0,10 we're near the bottom of the swing

JonnyB23:20:13 - 17 Oct 2018 [UTC]

clockworkgr

i said we're near teh bottom of a swing

You can't tell what the market does next

Alex M - clockwork23:20:19 - 17 Oct 2018 [UTC]

Mylimbsarelong

You can't tell what the market does next

well duh

Alex M - clockwork23:20:31 - 17 Oct 2018 [UTC]

if you could we'd have 100% MCR

JonnyB23:20:32 - 17 Oct 2018 [UTC]

So stop saying we are at the bottom

Alex M - clockwork23:20:41 - 17 Oct 2018 [UTC]

not what I said

Alex M - clockwork23:20:52 - 17 Oct 2018 [UTC]

if you dont understand the distinction i cant help

nutela23:20:59 - 17 Oct 2018 [UTC]

Bitcoin is like 68% of ATH, EOS 77%

nutela23:21:14 - 17 Oct 2018 [UTC]

Eth 86% of ATH

JonnyB23:21:18 - 17 Oct 2018 [UTC]

Which way does your swing go next?

Alex M - clockwork23:21:34 - 17 Oct 2018 [UTC]

Mylimbsarelong

Which way does your swing go next?

no idea

nutela23:21:35 - 17 Oct 2018 [UTC]

BTS 89% of ATH

Alex M - clockwork23:21:39 - 17 Oct 2018 [UTC]

which is why i dont trade

nutela23:21:49 - 17 Oct 2018 [UTC]

So you could say it’s not so bad, it had a big swing..

Alex M - clockwork23:21:58 - 17 Oct 2018 [UTC]

those that do set the prices

Alex M - clockwork23:22:11 - 17 Oct 2018 [UTC]

doesnt matter if theyre right or wrong

nutela23:22:11 - 17 Oct 2018 [UTC]

It’s much more quick to lose it’s value, I’ve seen that consistenly, the first one to take it...

Alex M - clockwork23:22:24 - 17 Oct 2018 [UTC]

what they believe is what matters

nutela23:22:47 - 17 Oct 2018 [UTC]

clockworkgr

which is why i dont trade

Dude, I made so much money with BitShares…

JonnyB23:22:55 - 17 Oct 2018 [UTC]

clockworkgr

no idea

Your perspective always seems to be on that of the bitasset shorts

nutela23:22:57 - 17 Oct 2018 [UTC]

It’s just that I thought 50 cents was normal 😂

nutela23:23:10 - 17 Oct 2018 [UTC]

BitShares is great for trading.. it’s just that BTS goes really low..

nutela23:23:26 - 17 Oct 2018 [UTC]

You really have to keep bitUSD all the time

nutela23:23:35 - 17 Oct 2018 [UTC]

And let it bleed 😂

nutela23:24:08 - 17 Oct 2018 [UTC]

BTW I lost much as well but even in a down market it was great to trade..

nutela23:24:28 - 17 Oct 2018 [UTC]

I should have been much more active, it’s really cheap to put orders..

JonnyB23:24:43 - 17 Oct 2018 [UTC]

Theres a trading channel for trade talk

nutela23:25:00 - 17 Oct 2018 [UTC]

Mylimbsarelong

Theres a trading channel for trade talk

Sorry but Alex began 😉

nutela23:25:23 - 17 Oct 2018 [UTC]

I think we are discussing the benefits of bitUSD and all that

nutela23:25:32 - 17 Oct 2018 [UTC]

Didn’t want to talk about trading at all

nutela23:26:17 - 17 Oct 2018 [UTC]

It’s more the peg.. and I remember asking like a year ago or more, well CMC it looks like bitUSD doesn’t have a tight peg. “Yeah it’s CMC’s fault.

Alex M - clockwork23:26:26 - 17 Oct 2018 [UTC]

although this is an awesome conversation

Alex M - clockwork23:26:30 - 17 Oct 2018 [UTC]

gotta be up in 4.5 hrs

Alex M - clockwork23:26:42 - 17 Oct 2018 [UTC]

so goodnight everyone

Alex M - clockwork23:26:59 - 17 Oct 2018 [UTC]

vote for https://bitsharestalk.org/index.php?topic=27272.0

Alex M - clockwork23:27:01 - 17 Oct 2018 [UTC]

Alex M - clockwork23:27:08 - 17 Oct 2018 [UTC]

still 14m short

nutela23:27:29 - 17 Oct 2018 [UTC]

Well I don’t think so.. CMC might not be accurate but I sure can see other stable coins not have those fluctuations. And that’s saying something. So then the hackernoon came out.. Point is: have good answers. That would make investors trust you. Not just a bunch of hackers who care about tech.

nutela23:27:49 - 17 Oct 2018 [UTC]

clockworkgr

vote for https://bitsharestalk.org/index.php?topic=27272.0

I voted 👍

Alex M - clockwork23:27:56 - 17 Oct 2018 [UTC]

thnx

nutela23:28:13 - 17 Oct 2018 [UTC]

clockworkgr

gotta be up in 4.5 hrs

Without sleep is like being drunk, be careful

nutela23:28:34 - 17 Oct 2018 [UTC]

Always get enough sleep.

Alex M - clockwork23:29:24 - 17 Oct 2018 [UTC]

Used to it

Alex M - clockwork23:29:39 - 17 Oct 2018 [UTC]

Not slept more than 5-6 hrs in over 10 years

nutela23:29:40 - 17 Oct 2018 [UTC]

You know one more thing:

nutela23:29:53 - 17 Oct 2018 [UTC]

Keeping bitUSD must be expensive for some.

nutela23:30:06 - 17 Oct 2018 [UTC]

Maybe they got it really early but just holding… meh...

JonnyB23:30:15 - 17 Oct 2018 [UTC]

Stablecoins collateral has to be digital. And the highest quality digital asset.(deep,liquid and low volatility) is bitcoin.

JonnyB23:31:01 - 17 Oct 2018 [UTC]

Bitshares market mechanics with bitcoin as collateral would be incredible.

Alex M - clockwork23:31:04 - 17 Oct 2018 [UTC]

Mylimbsarelong

Stablecoins collateral has to be digital. And the highest quality digital asset.(deep,liquid and low volatility) is bitcoin.

Agreed... Htlcs might lead to a BTC backed mpa trustlessly

nutela23:31:06 - 17 Oct 2018 [UTC]

So what actually George Harrap proposed by collatoralized lending, might add more liquidity… I mean this is not well known.. Or dividends.. just try new markets..

Alex M - clockwork23:31:12 - 17 Oct 2018 [UTC]

Which would be awesome

JonnyB23:31:29 - 17 Oct 2018 [UTC]

clockworkgr

Agreed... Htlcs might lead to a BTC backed mpa trustlessly

That's what I'm hanging around for

nutela23:31:36 - 17 Oct 2018 [UTC]

Mylimbsarelong

Bitshares market mechanics with bitcoin as collateral would be incredible.

👍

Alex M - clockwork23:31:36 - 17 Oct 2018 [UTC]

Alex M - clockwork23:31:40 - 17 Oct 2018 [UTC]

Night

nutela23:31:44 - 17 Oct 2018 [UTC]

NIght

JonnyB23:31:48 - 17 Oct 2018 [UTC]

Noght

JonnyB23:32:23 - 17 Oct 2018 [UTC]

Night

pairmike (CSX Community - EOS, Telos, ENU)00:57:18 - 18 Oct 2018 [UTC]

Update: The Telos launch was delayed. A new vote to launch will take place on Oct 31, 2018.

Darius Young01:05:27 - 18 Oct 2018 [UTC]

pairmike

Update: The Telos launch was delayed. A new vote to launch will take place on Oct 31, 2018.

Cryptocurrency have so much delays lately

Braeden Patterson01:07:55 - 18 Oct 2018 [UTC]

pairmike

Update: The Telos launch was delayed. A new vote to launch will take place on Oct 31, 2018.

not interested tho. It's much better to see news adding new stablecoins such usdc, paxos, gemini and tusd rather than that Telos launch

=0 bst01:16:46 - 18 Oct 2018 [UTC]

look my name

Darius Young01:24:14 - 18 Oct 2018 [UTC]

pattersonbrad

not interested tho. It's much better to see news adding new stablecoins such usdc, paxos, gemini and tusd rather than that Telos launch

yeah it's nice but Tether (USDT) is the original they can't beat USDT. Especially TUSD.

Braeden Patterson01:27:15 - 18 Oct 2018 [UTC]

Darculaa

yeah it's nice but Tether (USDT) is the original they can't beat USDT. Especially TUSD.

if that's how you view it, then so be it. Because for me, TUSD is the next stablecoin to be on top

Darius Young01:33:57 - 18 Oct 2018 [UTC]

pattersonbrad

if that's how you view it, then so be it. Because for me, TUSD is the next stablecoin to be on top

lol it's too far from reality. did you see the team behind TUSD? There's no cryptocurrency experts in them. How can they control TUSD?

Braeden Patterson01:37:46 - 18 Oct 2018 [UTC]

Darculaa

lol it's too far from reality. did you see the team behind TUSD? There's no cryptocurrency experts in them. How can they control TUSD?

TrueUSD is made possible by tokenizing US Dollars through TrustToken’s legal and technical platform. TrustToken was founded by a team from Stanford, UC Berkeley, Palantir, and Google

Darius Young01:52:40 - 18 Oct 2018 [UTC]

pattersonbrad

TrueUSD is made possible by tokenizing US Dollars through TrustToken’s legal and technical platform. TrustToken was founded by a team from Stanford, UC Berkeley, Palantir, and Google

But no cryptocurrency experts and even advisers they don't have.

Braeden Patterson01:57:23 - 18 Oct 2018 [UTC]

Darculaa

But no cryptocurrency experts and even advisers TUSD don't have.

it doesn't matter as long as they can do what they should be doing. Team behind TUSD surely knows what to do, not relying on anyone

Darius Young02:01:49 - 18 Oct 2018 [UTC]

pattersonbrad

it doesn't matter as long as they can do what they should be doing. Team behind TUSD surely knows what to do, not relying on anyone

But it's good to have an crypto expert in team. TUSD doesn't have that.

Clark Thomas02:07:46 - 18 Oct 2018 [UTC]

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Ronny Boesing05:22:13 - 18 Oct 2018 [UTC]

Mylimbsarelong

Bitshares has dropped 90% this year

Consider this: bts double value of last year at same time, eth, dash 1/3 less, btc same as last year this time.

Alex M - clockwork05:22:47 - 18 Oct 2018 [UTC]

ronnyb

Consider this: bts double value of last year at same time, eth, dash 1/3 less, btc same as last year this time.

Finally. A man with perspective :)

Stefan06:15:29 - 18 Oct 2018 [UTC]

@funkit Ping :) Let me know when you're up

funkit06:15:48 - 18 Oct 2018 [UTC]

Im here.

Sami Joe06:25:30 - 18 Oct 2018 [UTC]

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Sami Joe06:25:57 - 18 Oct 2018 [UTC]

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crypto billion06:27:53 - 18 Oct 2018 [UTC]

Lol

Sami Joe06:33:07 - 18 Oct 2018 [UTC]

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James Brown06:34:30 - 18 Oct 2018 [UTC]

Hello

Terry Invest Grp Inc06:54:53 - 18 Oct 2018 [UTC]

Hello

Terry Invest Grp Inc06:55:03 - 18 Oct 2018 [UTC]

/price

Alex M - clockwork07:03:22 - 18 Oct 2018 [UTC]

TerryInvestGrp

/price

1 million dollars

Terry Invest Grp Inc07:04:21 - 18 Oct 2018 [UTC]

clockworkgr

1 million dollars

We wish.

Mathew07:06:50 - 18 Oct 2018 [UTC]

ronnyb

Consider this: bts double value of last year at same time, eth, dash 1/3 less, btc same as last year this time.

Thanks Ronny, makes me feel better about life

Stefan07:15:08 - 18 Oct 2018 [UTC]

funkit

Im here.

Fabian Schuh07:17:40 - 18 Oct 2018 [UTC]

ronnyb

Consider this: bts double value of last year at same time, eth, dash 1/3 less, btc same as last year this time.

Haha, i LOVE that perspective!!

fav07:19:38 - 18 Oct 2018 [UTC]

I love rocknroll

Alex M - clockwork07:20:27 - 18 Oct 2018 [UTC]

favdesu

I love rocknroll

we know Joan

肿么

肿么07:31:48 - 18 Oct 2018 [UTC]

DGames support project "GAME TALK" is already available for download, more stable telegraph software~ Come and try it!

肿么

肿么07:31:50 - 18 Oct 2018 [UTC]

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funkit07:41:54 - 18 Oct 2018 [UTC]

https://www.youtube.com/watch?v=rp53irFjzYg

Stefan07:42:44 - 18 Oct 2018 [UTC]

funkit

https://www.youtube.com/watch?v=rp53irFjzYg

You must be old.

Stefan07:43:16 - 18 Oct 2018 [UTC]

🤣 One of my club favorites, back in the days

funkit07:43:45 - 18 Oct 2018 [UTC]

Yes. But my mind is 16. And the track is really for Fav.

Stefan07:44:10 - 18 Oct 2018 [UTC]

funkit

Yes. But my mind is 16. And the track is really for Fav.

I just realized I never watched the video ...

Stefan07:52:38 - 18 Oct 2018 [UTC]

funkit

https://www.youtube.com/watch?v=rp53irFjzYg

You sent me on a playlist now .. youtube running on auto-play. Currently: https://www.youtube.com/watch?v=7i7g9ccjkc8

funkit07:54:16 - 18 Oct 2018 [UTC]

Holy lederhosen! I remember this shit!

Alex M - clockwork07:54:26 - 18 Oct 2018 [UTC]

was hoping you'd all be "rockier"

Stefan07:55:06 - 18 Oct 2018 [UTC]

clockworkgr

was hoping you'd all be "rockier"

Well, I'm from the country side and had basically one club to choose from. They pretty played everything

funkit07:55:13 - 18 Oct 2018 [UTC]

Here are some lederhosen, but I'm sorry to say it is crap https://www.youtube.com/watch?v=eXY5NeCFbvE&frags=pl%2Cwn

funkit07:56:48 - 18 Oct 2018 [UTC]

But I saw Rammstein 2000'ish. That was some show.

Charlie Girard08:54:08 - 18 Oct 2018 [UTC]

Max-cryptominer.com Sign up and get a bonus of $200.. Inbox me for more details..

Dr. Waldo09:44:37 - 18 Oct 2018 [UTC]

hello, I'm newbei

Dr. Waldo09:44:58 - 18 Oct 2018 [UTC]

what is this bts on binance ?

Dr. Waldo09:45:06 - 18 Oct 2018 [UTC]

is it old bts ?

Dr. Waldo09:45:11 - 18 Oct 2018 [UTC]

what happened after fork?

Stefan09:45:59 - 18 Oct 2018 [UTC]

Dr. Waldo

what is this bts on binance ?

The BTS on binance is the core token of the BitShares Blockchain. What fork are you refering to?

Dr. Waldo09:46:40 - 18 Oct 2018 [UTC]

sschiessl

The BTS on binance is the core token of the BitShares Blockchain. What fork are you refering to?

I have not much idea, still searching about bts

Dr. Waldo09:47:00 - 18 Oct 2018 [UTC]

what are those tokens used to on binance one?

Dr. Waldo09:50:23 - 18 Oct 2018 [UTC]

where is the usage area of those tokens?

Dr. Waldo09:50:39 - 18 Oct 2018 [UTC]

or what ?

My seal09:54:20 - 18 Oct 2018 [UTC]

favdesu

you can compile your own report if you want one. all on-chain

/price

Stefan09:54:31 - 18 Oct 2018 [UTC]

Dr. Waldo

what are those tokens used to on binance one?

Binance is a centralized exchange and allows you to trade BTS on their provided pairs. You can withdraw those BTS to the BitShares Blockchain on your own account, which then allows you to fully utilize it there

Dr. Waldo09:55:39 - 18 Oct 2018 [UTC]

sschiessl

last question, sory about that, LATEST NEWS: New MAINNET hardfork release: 2.0.180612, hard fork time is Thursday 2018-07-19 14:00:00 UTC. what is this hard fork for?

Alex M - clockwork09:57:37 - 18 Oct 2018 [UTC]

Dr. Waldo

last question, sory about that, LATEST NEWS: New MAINNET hardfork release: 2.0.180612, hard fork time is Thursday 2018-07-19 14:00:00 UTC. what is this hard fork for?

that's from 4 months ago...hard fork in bitshares is basically a platform upgrade with consensus breaking changes (so all nodes need to update)

Alex M - clockwork09:57:45 - 18 Oct 2018 [UTC]

should probably edit that

Dr. Waldo09:57:56 - 18 Oct 2018 [UTC]

I see

Alex M - clockwork09:58:12 - 18 Oct 2018 [UTC]

done

Jenny Silva09:58:24 - 18 Oct 2018 [UTC]

Hi everyone

Dr. Waldo10:00:16 - 18 Oct 2018 [UTC]

clockworkgr

that's from 4 months ago...hard fork in bitshares is basically a platform upgrade with consensus breaking changes (so all nodes need to update)

so I don't wory about my tokens in binance that I bought 6 months ago right?

Alex M - clockwork10:00:48 - 18 Oct 2018 [UTC]

Dr. Waldo

so I don't wory about my tokens in binance that I bought 6 months ago right?

nope...valid bts

Dr. Waldo10:00:53 - 18 Oct 2018 [UTC]

thank you so much!

nutela10:17:58 - 18 Oct 2018 [UTC]

pattersonbrad

TrueUSD is made possible by tokenizing US Dollars through TrustToken’s legal and technical platform. TrustToken was founded by a team from Stanford, UC Berkeley, Palantir, and Google

Palantir? Really? That’s like giving your crypto to the CIA, OMG 😂

nutela10:18:37 - 18 Oct 2018 [UTC]

Hmm I see after Tether that bitCNY is going down.. 🙁

nutela10:18:58 - 18 Oct 2018 [UTC]

Like a blip and then less...

nutela10:19:18 - 18 Oct 2018 [UTC]

Like some $2M

Mike Harris10:21:46 - 18 Oct 2018 [UTC]

make $4500+ per day. Weekly withdrawals. No scam!! 100% legit!! comment info for link

nutela10:27:53 - 18 Oct 2018 [UTC]

Crazy idea maybe but wouldn’t it be more logical to hold a stable coin and derive BTS from that? Or that is what is already happening but then bitUSD or bitCNY would have a much bigger Mcap… because why make BTS the brand if your biggest stregth is stablecoins?

Jerry Liu10:32:58 - 18 Oct 2018 [UTC]

https://bitsharestalk.org/index.php?topic=27294.0

nutela10:33:17 - 18 Oct 2018 [UTC]

Because now BitShares is on place 33 of CMC, what if the majority would be stable coins? How is that represented on sites like CMC? bitUSD>=1.75*BTS so it would be much more logical to have a much larger portion in stable coin than in the core token… but CMC and others would display say $154M Mcap of bitUSD and $270M of BTS

nutela10:33:41 - 18 Oct 2018 [UTC]

That means all BTS would be in bitUSD but both would show?

nutela10:34:30 - 18 Oct 2018 [UTC]

bitcrab

https://bitsharestalk.org/index.php?topic=27294.0

Thank you, can ppl in China still buy bitCNY?

Mathew10:50:16 - 18 Oct 2018 [UTC]

bitcrab

https://bitsharestalk.org/index.php?topic=27294.0

Great incentive Jerry

Alex M - clockwork10:50:59 - 18 Oct 2018 [UTC]

matle85

Great incentive Jerry

yeah...i like it too...verification might prove interesting... but still worth it

Shobayo Emmanuel10:52:50 - 18 Oct 2018 [UTC]

http://perfectkash.com/index.php?iv=09038718022

Jenny Silva11:00:49 - 18 Oct 2018 [UTC]

Hi everyone

Michelle Naysov11:09:20 - 18 Oct 2018 [UTC]

Lui11:09:24 - 18 Oct 2018 [UTC]

Hello!!!!

Kristin Low11:11:00 - 18 Oct 2018 [UTC]

bitcrab

https://bitsharestalk.org/index.php?topic=27294.0

Nice. This is cool.

R11:21:20 - 18 Oct 2018 [UTC]

Kristin_Spark

Nice. This is cool.

It's only for a single token though and quite a lot to do so, why not try to get exchanges to become bts dex gateways/bridges than prop up a single smart coin?

Kristin Low11:24:23 - 18 Oct 2018 [UTC]

cmmob

It's only for a single token though and quite a lot to do so, why not try to get exchanges to become bts dex gateways/bridges than prop up a single smart coin?

Not bad also. Effectively positioning BitShares as a 'Dex as a Service' with a pile of stable coins thrown in.

R11:24:54 - 18 Oct 2018 [UTC]

Isn't there already an exchange integration bounty worker funded right now?

R11:29:08 - 18 Oct 2018 [UTC]

https://www.bitshares.foundation/workers/2017-10-compliance $50k per exchange addition outwith bittrex

Alex M - clockwork11:29:45 - 18 Oct 2018 [UTC]

compliance worker is for BTS

Alex M - clockwork11:29:50 - 18 Oct 2018 [UTC]

not bitAssets

Alex M - clockwork11:30:04 - 18 Oct 2018 [UTC]

bitcrab's suggestion is for listing as a BASE pair

Alex M - clockwork11:30:08 - 18 Oct 2018 [UTC]

at least 3 markets

Alex M - clockwork11:30:26 - 18 Oct 2018 [UTC]

if it works...it's wrth it imho

R11:30:34 - 18 Oct 2018 [UTC]

If that came with borrowing bitcny directly from their cex, to get bts back onto the dex then I'm fully in support

Alex M - clockwork11:30:53 - 18 Oct 2018 [UTC]

cmmob

If that came with borrowing bitcny directly from their cex, to get bts back onto the dex then I'm fully in support

post about it in the thread

R11:31:08 - 18 Oct 2018 [UTC]

Will do in a couple hours 👍

Mathew11:39:32 - 18 Oct 2018 [UTC]

clockworkgr

bitcrab's suggestion is for listing as a BASE pair

Sorry I'm a dumb ass, base pair means what?

Alex M - clockwork11:40:35 - 18 Oct 2018 [UTC]

matle85

Sorry I'm a dumb ass, base pair means what?

meaning multipel markets that price assets IN bitAssets

Alex M - clockwork11:40:40 - 18 Oct 2018 [UTC]

rather than the other way around

Alex M - clockwork11:40:50 - 18 Oct 2018 [UTC]

e.g. in most cases for bts

Alex M - clockwork11:40:58 - 18 Oct 2018 [UTC]

bts has a single market BTS/BTC

Alex M - clockwork11:41:05 - 18 Oct 2018 [UTC]

which prices BTS in BTC terms

Alex M - clockwork11:41:25 - 18 Oct 2018 [UTC]

bitcrab wants more than 3 XXX/bitUSD markets per exchange

Mathew11:41:34 - 18 Oct 2018 [UTC]

Yeah so I need to convince Binance to put up bitUSD against BnB, BTC and tether

Alex M - clockwork11:41:36 - 18 Oct 2018 [UTC]

where XXX is priced in bitUSD

Mathew11:41:42 - 18 Oct 2018 [UTC]

I'll get on the phone

Alex M - clockwork11:41:57 - 18 Oct 2018 [UTC]

matle85

I'll get on the phone

for a 100k USD?

Alex M - clockwork11:42:10 - 18 Oct 2018 [UTC]

im sure some peopel would give it a shot :D

Alex M - clockwork11:42:35 - 18 Oct 2018 [UTC]

or try oen of teh smaller exchanges

Alex M - clockwork11:42:47 - 18 Oct 2018 [UTC]

still a decent pay day

Stefan11:43:16 - 18 Oct 2018 [UTC]

As long as the worker gets a concise formulation with defined responsibilities I'm all good

Alex M - clockwork11:43:30 - 18 Oct 2018 [UTC]

sschiessl

As long as the worker gets a concise formulation with defined responsibilities I'm all good

agreed

Mathew11:43:34 - 18 Oct 2018 [UTC]

The only sarcasm there was about me being able to call binance, I think it's a great idea

Alex M - clockwork11:43:49 - 18 Oct 2018 [UTC]

even if it means more *UNPAID* work for me

Stefan11:43:50 - 18 Oct 2018 [UTC]

matle85

The only sarcasm there was about me being able to call binance, I think it's a great idea

bitcrab will probably walk over to binance the second its active :)

Mathew11:43:57 - 18 Oct 2018 [UTC]

And screw it being $100k... Its 1M BTS

Stefan11:44:02 - 18 Oct 2018 [UTC]

clockworkgr

even if it means more *UNPAID* work for me

Ask to include management pay

Mathew11:44:10 - 18 Oct 2018 [UTC]

$1M by Q1 2019

nutela11:50:08 - 18 Oct 2018 [UTC]

matle85

Yeah so I need to convince Binance to put up bitUSD against BnB, BTC and tether

🙇

nutela11:51:15 - 18 Oct 2018 [UTC]

So what about going decentralize route? With PalmPay exchange cash for equivalent bitXXX?

nutela11:51:48 - 18 Oct 2018 [UTC]

matle85

That might work according to who you get on the line 😂

Esco Admin11:55:51 - 18 Oct 2018 [UTC]

Hi Admin

Esco Admin11:56:15 - 18 Oct 2018 [UTC]

can i post about about a campaign here? with google form link and trade link.. no invite link

Alex M - clockwork11:56:47 - 18 Oct 2018 [UTC]

sure

Alex M - clockwork11:57:05 - 18 Oct 2018 [UTC]

its campaign on escodex right? not external to bts

Esco Admin11:57:40 - 18 Oct 2018 [UTC]

yes

Esco Admin11:57:44 - 18 Oct 2018 [UTC]

on Escodex

Alex M - clockwork11:58:00 - 18 Oct 2018 [UTC]

Esco Admin11:58:54 - 18 Oct 2018 [UTC]

@everyone Want some free EOS? Get in 2 simple steps: 1) Deposit and Sell EOS on Escodex https://wallet.escodex.com/market/ESCODEX.EOS_ESCODEX.BTC 2) Fill form to get 5% extra EOS of what you sold. https://goo.gl/forms/fJ66cspEcelFWE9g2 For eg: I deposit&sell 1000 EOS on Escodex and receive 50 EOS in account Note: 1) Maximum Reward one can earn is 100 EOS/user/day 2) Validity- 18/10/2018 4pm CET to 21/10/1018 4pm CET

Esco Admin11:59:03 - 18 Oct 2018 [UTC]

Want some free EOS? Get in 2 simple steps: 1) Deposit and Sell EOS on Escodex https://wallet.escodex.com/market/ESCODEX.EOS_ESCODEX.BTC 2) Fill form to get 5% extra EOS of what you sold. https://goo.gl/forms/fJ66cspEcelFWE9g2 For eg: I deposit&sell 1000 EOS on Escodex and receive 50 EOS in account Note: 1) Maximum Reward one can earn is 100 EOS/user/day 2) Validity- 18/10/2018 4pm CET to 21/10/1018 4pm CET

Esco Admin11:59:21 - 18 Oct 2018 [UTC]

getting deleted

Alex M - clockwork11:59:29 - 18 Oct 2018 [UTC]

hold on

Alex M - clockwork12:00:26 - 18 Oct 2018 [UTC]

Alex M - clockwork12:00:42 - 18 Oct 2018 [UTC]

not sure why bot is pickign it up...you dont appear to be restricted

Kapil12:01:37 - 18 Oct 2018 [UTC]

How can I export WIF key or brainkey to login on mobile app?

Kapil12:01:59 - 18 Oct 2018 [UTC]

Here

Kapil12:02:58 - 18 Oct 2018 [UTC]

Unable to share screenshot

Kapil12:03:14 - 18 Oct 2018 [UTC]

I'm trying to login on bitshares mobile app

Alex M - clockwork12:03:41 - 18 Oct 2018 [UTC]

make sure it's a legit app if youre entering your keys

Alex M - clockwork12:04:05 - 18 Oct 2018 [UTC]

your keys can be found under the active/owner/memo tabs in the permissions section of the wallet menu

Kapil12:04:09 - 18 Oct 2018 [UTC]

Check out "Smartcoins Wallet" https://play.google.com/store/apps/details?id=de.bitsharesmunich.smartcoinswallet

Stefan12:04:10 - 18 Oct 2018 [UTC]

EscoAdmin

getting deleted

See PM

Esco Admin12:04:17 - 18 Oct 2018 [UTC]

Kapil12:04:39 - 18 Oct 2018 [UTC]

clockworkgr

your keys can be found under the active/owner/memo tabs in the permissions section of the wallet menu

Let me check

Kapil12:05:47 - 18 Oct 2018 [UTC]

Got it thanks

Nadezhda Muscat12:14:03 - 18 Oct 2018 [UTC]

JOIN US

Nadezhda Muscat12:14:06 - 18 Oct 2018 [UTC]