Bitshares DEX Telegram History

Crypto Kong13:14:25 - 19 Nov 2018 [UTC]

Worker for 100mil bts to create smart coins and some buy pressure anyone? Lol

Mike Jefferson213:15:10 - 19 Nov 2018 [UTC]

Mylimbsarelong

Bitcrab is not only a BTS whale but a bitCNY debt whale 🐋

Will he allow to lose majority of his Collateral should the CR go to 1 ?

Crypto Kong13:15:43 - 19 Nov 2018 [UTC]

Dexbot staggered buy orders between 1-5 cents boom!

Mike Jefferson213:16:25 - 19 Nov 2018 [UTC]

Cryptokong123

Worker for 100mil bts to create smart coins and some buy pressure anyone? Lol

the OMO fund was a good solution but the execution by bitcrab was horrible.If he would just have waited using these funds like they were supposed to.

JonnyB13:16:41 - 19 Nov 2018 [UTC]

Cryptokong123

Worker for 100mil bts to create smart coins and some buy pressure anyone? Lol

Yep I'm up for that. As long as it's not bitcrab not controlled

Crypto Kong13:16:51 - 19 Nov 2018 [UTC]

Mike Jefferson2

the OMO fund was a good solution but the execution by bitcrab was horrible.If he would just have waited using these funds like they were supposed to.

Yup agreed. Right idea. Poorly managed.

Stefan13:16:53 - 19 Nov 2018 [UTC]

Mike Jefferson2

the OMO fund was a good solution but the execution by bitcrab was horrible.If he would just have waited using these funds like they were supposed to.

Easy to say afterwards

Crypto Kong13:17:01 - 19 Nov 2018 [UTC]

Mylimbsarelong

Yep I'm up for that. As long as it's not bitcrab not controlled

Me too

Crypto Kong13:17:34 - 19 Nov 2018 [UTC]

sschiessl

Easy to say afterwards

Easy to say before... many of us objected to him running it cos he cant even manage his own positions

Stefan13:18:08 - 19 Nov 2018 [UTC]

I mean the statement implies knowing where the bottom is, or should be

Mike Jefferson213:18:21 - 19 Nov 2018 [UTC]

sschiessl

Easy to say afterwards

actually i said it already during his bad actions like thulee but there was no real response from the comitee members so what else could i do /

Crypto Kong13:18:24 - 19 Nov 2018 [UTC]

Ah yeah thats impossible

JonnyB13:18:35 - 19 Nov 2018 [UTC]

The bitshares OMO is the most blatent conflict of interests. Bitcrab in control of OMO is madness

Stefan13:18:36 - 19 Nov 2018 [UTC]

Cryptokong123

Easy to say before... many of us objected to him running it cos he cant even manage his own positions

The objection was to how his CR was set, not when he should start borrowing

Mike Jefferson213:19:18 - 19 Nov 2018 [UTC]

sschiessl

I mean the statement implies knowing where the bottom is, or should be

longterm trendline clearly shows that at 1.08 we would keep going down

Crypto Kong13:19:47 - 19 Nov 2018 [UTC]

Yeah i argued call price should be no higher than 1-2 cent. As long as that was in tact id feel safe

Stefan13:20:06 - 19 Nov 2018 [UTC]

Mike Jefferson2

longterm trendline clearly shows that at 1.08 we would keep going down

I hope you are a billionaire of sorts then :)

Mike Jefferson213:20:33 - 19 Nov 2018 [UTC]

not billionaire since but a step less

JonnyB13:21:44 - 19 Nov 2018 [UTC]

I've previously said we should have temp accounts that create bitassets with high collateral backing. That dump at 5% over feed.then we throw away the keys to the account

Mathew13:21:50 - 19 Nov 2018 [UTC]

sschiessl

The objection was to how his CR was set, not when he should start borrowing

This was the point tho

Reese Kapfer13:22:14 - 19 Nov 2018 [UTC]

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Mathew13:22:19 - 19 Nov 2018 [UTC]

Really the call price should never have been above 1-2x for that account

Raymond13:22:19 - 19 Nov 2018 [UTC]

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Mathew13:22:28 - 19 Nov 2018 [UTC]

But anyway...doesn't help right now

Mathew13:22:58 - 19 Nov 2018 [UTC]

Mylimbsarelong

The bitshares OMO is the most blatent conflict of interests. Bitcrab in control of OMO is madness

It shouldn't be controlled by big margin users

JonnyB13:23:32 - 19 Nov 2018 [UTC]

I know right!

Lucy Vera13:23:48 - 19 Nov 2018 [UTC]

Hello everyone

JonnyB13:24:08 - 19 Nov 2018 [UTC]

Why xeroc agreed to it I do not know

Mathew13:24:26 - 19 Nov 2018 [UTC]

Cryptokong123

Worker for 100mil bts to create smart coins and some buy pressure anyone? Lol

How many bitUSD does that actually get us to tho? 😅

JonnyB13:24:47 - 19 Nov 2018 [UTC]

Not much

Crypto Kong13:24:49 - 19 Nov 2018 [UTC]

matle85

How many bitUSD does that actually get us to tho? 😅

Crypto Kong13:24:51 - 19 Nov 2018 [UTC]

Lol

Mathew13:25:06 - 19 Nov 2018 [UTC]

Hmm

Reese Kapfer13:25:34 - 19 Nov 2018 [UTC]

Alex M - clockwork13:25:52 - 19 Nov 2018 [UTC]

Cryptokong123

i'll give you 6

Mathew13:25:53 - 19 Nov 2018 [UTC]

Main issue is we may get a bit of a bounce but I don't think people will use it to clear margins

JonnyB13:26:21 - 19 Nov 2018 [UTC]

Depends how high the collateral is

Mathew13:31:27 - 19 Nov 2018 [UTC]

Really not much that can be done to clear these margins at the minute

Crypto Kong13:36:26 - 19 Nov 2018 [UTC]

What if we manipulate the feed 1000%

Alex M - clockwork13:38:43 - 19 Nov 2018 [UTC]

Cryptokong123

What if we manipulate the feed 1000%

not allow gs you mean?

Crypto Kong13:39:20 - 19 Nov 2018 [UTC]

Yeah fuck it why not lol

Alex M - clockwork13:39:41 - 19 Nov 2018 [UTC]

that kinda defeats the whoel purpose

Crypto Kong13:40:07 - 19 Nov 2018 [UTC]

Sorry... the whole situation seems to be a bit of a joke to me i find it hard to take seriously anymore

Alex M - clockwork13:40:31 - 19 Nov 2018 [UTC]

well..margins are closing in to market anyway

Alex M - clockwork13:40:35 - 19 Nov 2018 [UTC]

we'll see what happens

Crypto Kong13:42:25 - 19 Nov 2018 [UTC]

To be honest the whole situation has made me try to think of ways the voting/ power system can be improved... ive come up with nothing lol

Crypto Kong13:43:14 - 19 Nov 2018 [UTC]

Im wondering if an additional weighting is required rather than just number of bts

Alex M - clockwork13:44:00 - 19 Nov 2018 [UTC]

well..imo people reckless with margins will be reckless either with or without bsip 42..

Crypto Kong13:44:17 - 19 Nov 2018 [UTC]

clockworkgr

well..imo people reckless with margins will be reckless either with or without bsip 42..

Agreed

Alex M - clockwork13:44:22 - 19 Nov 2018 [UTC]

and with this movement we'd be in a very similar situation regardless.

Crypto Kong13:44:42 - 19 Nov 2018 [UTC]

Perhaps collateral shouldn't count towards voting weight

Alex M - clockwork13:44:52 - 19 Nov 2018 [UTC]

people are not buying BTS anyway

Mathew13:44:57 - 19 Nov 2018 [UTC]

clockworkgr

and with this movement we'd be in a very similar situation regardless.

Agree this is a stress test for smartcoins

Mathew13:44:59 - 19 Nov 2018 [UTC]

A massive one

Alex M - clockwork13:45:07 - 19 Nov 2018 [UTC]

not like the order book is thin

Alex M - clockwork13:45:22 - 19 Nov 2018 [UTC]

so doubt margin calls would get eaten even if they were at market price

Alex M - clockwork13:45:36 - 19 Nov 2018 [UTC]

which woudl be a price suppresant

Mathew13:45:36 - 19 Nov 2018 [UTC]

Cryptokong123

Yeah fuck it why not lol

I was wondering on alternatives - maybe some sort of lock up or something.

Mathew13:45:56 - 19 Nov 2018 [UTC]

Not easy tho

Alex M - clockwork13:45:57 - 19 Nov 2018 [UTC]

so imo the end situation would be little different

Crypto Kong13:45:59 - 19 Nov 2018 [UTC]

Yeah stake to vote

Crypto Kong13:46:10 - 19 Nov 2018 [UTC]

clockworkgr

so imo the end situation would be little different

Probably right

Alex M - clockwork13:46:17 - 19 Nov 2018 [UTC]

Cryptokong123

Perhaps collateral shouldn't count towards voting weight

hmm...that is an interesting thought

Alex M - clockwork13:46:23 - 19 Nov 2018 [UTC]

maybe not not count

Alex M - clockwork13:46:30 - 19 Nov 2018 [UTC]

but possibly a different weighting

Ravid13:46:43 - 19 Nov 2018 [UTC]

I wonder how do we expect to be taken seriously if we manipulate markets exactly like a cex

Crypto Kong13:47:00 - 19 Nov 2018 [UTC]

Yeah so only a percentage of colateral counts

Crypto Kong13:47:36 - 19 Nov 2018 [UTC]

Would that dis incentivize creating smart coins though

Ravid13:48:03 - 19 Nov 2018 [UTC]

Cryptokong123

Would that dis incentivize creating smart coins though

It sure would

Crypto Kong13:48:32 - 19 Nov 2018 [UTC]

Perhaps an incentive to create smart coins could balance it out

Alex M - clockwork13:48:42 - 19 Nov 2018 [UTC]

matle85

Agree this is a stress test for smartcoins

imo, they will pass it

Alex M - clockwork13:49:10 - 19 Nov 2018 [UTC]

shame there is no real easy way of showing people just how robust (despite its shortcomings) teh system is

Mathew13:50:22 - 19 Nov 2018 [UTC]

We still have >1.4x the value locked up

Mathew13:50:57 - 19 Nov 2018 [UTC]

As BTS, despite price being where it is now and having previously been pushing a dollar. It's doing a good job, all things considered.

Alex M - clockwork13:51:10 - 19 Nov 2018 [UTC]

matle85

We still have >1.4x the value locked up

Alex M - clockwork13:51:24 - 19 Nov 2018 [UTC]

only the least collateralised position is at 1.4x

Alex M - clockwork13:51:37 - 19 Nov 2018 [UTC]

again..this is the main issue that needs to be fixed

Mathew13:51:41 - 19 Nov 2018 [UTC]

Yeah sorry I meant at the minimum

Alex M - clockwork13:52:00 - 19 Nov 2018 [UTC]

we coudl have 500billion BTS backign 1 usd

Alex M - clockwork13:52:17 - 19 Nov 2018 [UTC]

if someone else had 1 usd with less than 1 CR we'd still GS

Alex M - clockwork13:52:28 - 19 Nov 2018 [UTC]

which is just stupid

Crypto Kong13:52:29 - 19 Nov 2018 [UTC]

I thought that had been fixed with the last margin rule changes

Alex M - clockwork13:52:41 - 19 Nov 2018 [UTC]

Cryptokong123

I thought that had been fixed with the last margin rule changes

nah...different issue

Alex M - clockwork13:52:47 - 19 Nov 2018 [UTC]

still looking for solutions

R13:52:53 - 19 Nov 2018 [UTC]

Do you think there's be interest in a bitasset which was backed by BTS, referenced BTS & applied an oscillation? Like Hertz but without any of the external BTS price risk

Alex M - clockwork13:52:56 - 19 Nov 2018 [UTC]

true /total collateralisation here

Alex M - clockwork13:52:58 - 19 Nov 2018 [UTC]

http://bitassets.bitshares.eu/

Alex M - clockwork13:53:37 - 19 Nov 2018 [UTC]

usd at 1.9909x and cny at 1.8059x

Crypto Kong13:53:49 - 19 Nov 2018 [UTC]

Irrelevant though lol

Alex M - clockwork13:53:58 - 19 Nov 2018 [UTC]

euro at 2.5451x :D

Alex M - clockwork13:54:10 - 19 Nov 2018 [UTC]

i should margin at bitEUR next time

Alex M - clockwork13:54:21 - 19 Nov 2018 [UTC]

it needs more love

Crypto Kong13:54:28 - 19 Nov 2018 [UTC]

cmmob

Do you think there's be interest in a bitasset which was backed by BTS, referenced BTS & applied an oscillation? Like Hertz but without any of the external BTS price risk

Probably not to be honest. Not until there is more awareness of bts in general

Alex M - clockwork13:55:14 - 19 Nov 2018 [UTC]

cmmob

Do you think there's be interest in a bitasset which was backed by BTS, referenced BTS & applied an oscillation? Like Hertz but without any of the external BTS price risk

a BTS-backed one fed by the inverse of bitUSD :D

Alex M - clockwork13:55:28 - 19 Nov 2018 [UTC]

would do wonders for arbitrage :D

Mathew13:56:27 - 19 Nov 2018 [UTC]

clockworkgr

usd at 1.9909x and cny at 1.8059x

Couldn't the other BTS be used to guarantee the position of the least collateralised? Basically nobody holding bitUSD wants a GS, if there was some mechanism where people with big collateral supported the overall position and rewarded then that could maybe work?

Mathew13:57:07 - 19 Nov 2018 [UTC]

You'd have to set it up to reward highly collateralised positions and make sure those with weakly collateralised positions don't benefit

Alex M - clockwork13:57:34 - 19 Nov 2018 [UTC]

https://bitsharestalk.org/index.php?topic=27273.0

Alex M - clockwork13:57:38 - 19 Nov 2018 [UTC]

discussion is here

Mathew13:58:41 - 19 Nov 2018 [UTC]

👍

R14:00:20 - 19 Nov 2018 [UTC]

clockworkgr

a BTS-backed one fed by the inverse of bitUSD :D

I'm pretty sure that exists, even squared/cubed inverses

Mona Mishra14:00:26 - 19 Nov 2018 [UTC]

Hello everyone

Alex M - clockwork14:00:42 - 19 Nov 2018 [UTC]

cmmob

I'm pretty sure that exists, even squared/cubed inverses

it's basically a bitBTS ....uselesss..was just joking around

Mike Jefferson214:01:28 - 19 Nov 2018 [UTC]

clockworkgr

and with this movement we'd be in a very similar situation regardless.

thats not true at all.First of all a nice chunk of margin would have been eaten already.We would have a higher average CR and a way smaller margin wall.This big margin wall and the fact no margin is being eaten at all leaded that people took out their buy orders knowing they can only win

Alex M - clockwork14:01:30 - 19 Nov 2018 [UTC]

squared or cubed inverse would just magnify volatility

Alex M - clockwork14:01:40 - 19 Nov 2018 [UTC]

Mike Jefferson2

why would it?

Alex M - clockwork14:02:09 - 19 Nov 2018 [UTC]

what makes you think people would buy a margin wall when theyre not buying anyway?

Crypto Kong14:02:37 - 19 Nov 2018 [UTC]

Mike do you know a guy called thule by any chance? Lol

R14:02:46 - 19 Nov 2018 [UTC]

clockworkgr

it's basically a bitBTS ....uselesss..was just joking around

Yeah, but with an oscillation it'd be like loaning BTS away with a hard limit on apprecion/depreciation, three 120' phase offset bitBTS style bitassets could be an interesting project..

Alex M - clockwork14:03:05 - 19 Nov 2018 [UTC]

clockworkgr

squared or cubed inverse would just magnify volatility

btw...this would just be gambling not trading

Mike Jefferson214:07:15 - 19 Nov 2018 [UTC]

clockworkgr

what makes you think people would buy a margin wall when theyre not buying anyway?

I observe the buy order book and people took away their big buy orders since they didn't get filled and nobody wants to support a price if he order won't get filled

Mike Jefferson214:07:37 - 19 Nov 2018 [UTC]

Cryptokong123

Mike do you know a guy called thule by any chance? Lol

from reading only

Mike Jefferson214:13:44 - 19 Nov 2018 [UTC]

"Cancer is more willing to blame everything and is not willing to admit that it is wrong. This is the centralization problem. If the BTS has been under the leadership of Cancer, it is difficult to have a future."

Stefan14:18:28 - 19 Nov 2018 [UTC]

Don't you love google translate

Omar14:35:05 - 19 Nov 2018 [UTC]

I have observed that many of whales have very low collateral level, but nothing has been sold of some of them when i see under the activity on some of them. Is this a kind of event where margin calls manage to hide behind each other because their are not enough buyer? They might survive this crash because of that?

Crypto Kong14:48:53 - 19 Nov 2018 [UTC]

paathi

Always been the case. Not so much now with rule changes though.

Omar14:50:48 - 19 Nov 2018 [UTC]

Cryptokong123

Always been the case. Not so much now with rule changes though.

Shouldn't this encourage more people to buy margin?

Crypto Kong14:51:44 - 19 Nov 2018 [UTC]

What do you mean buy margin?

Crypto Kong14:52:16 - 19 Nov 2018 [UTC]

Buy into the margin wall or creat a margin position?

Crypto Kong14:52:42 - 19 Nov 2018 [UTC]

Either way... no ones buying hence price drop

Crypto Kong14:53:04 - 19 Nov 2018 [UTC]

Majority who would create margin positions already have

Omar14:53:56 - 19 Nov 2018 [UTC]

I meant use margin to buy more bts.

Crypto Kong14:54:24 - 19 Nov 2018 [UTC]

Cryptokong123

Majority who would create margin positions already have

☝☝☝

Alex M - clockwork14:59:18 - 19 Nov 2018 [UTC]

margin nearing market

Alex M - clockwork15:00:27 - 19 Nov 2018 [UTC]

3m at .6 cents

Alex M - clockwork15:00:53 - 19 Nov 2018 [UTC]

market at 6.2

Crypto Kong15:02:12 - 19 Nov 2018 [UTC]

Anyone lend me some money?

Crypto Kong15:02:28 - 19 Nov 2018 [UTC]

Just a few hundred thousand should do

Once Uponatime15:03:15 - 19 Nov 2018 [UTC]

Cryptokong123

Anyone lend me some money?

What would you do with it?

Crypto Kong15:03:45 - 19 Nov 2018 [UTC]

Buy the margin wall lol

JonnyB15:08:16 - 19 Nov 2018 [UTC]

How about increasing the mssr from 1.1 to 1.3

JonnyB15:08:16 - 19 Nov 2018 [UTC]

That's the kind of discount that buyers would be interested in.

JonnyB15:08:30 - 19 Nov 2018 [UTC]

Or enough to scare bitcrab in to adding adequate collateral

Alex M - clockwork15:11:51 - 19 Nov 2018 [UTC]

Cryptokong123

Buy the margin wall lol

wouldnt put a dent in it

Alex M - clockwork15:11:55 - 19 Nov 2018 [UTC]

3.3 m USD

Alex M - clockwork15:11:58 - 19 Nov 2018 [UTC]

moving in fast

Alex M - clockwork15:12:12 - 19 Nov 2018 [UTC]

6.59 cents vs 6.33 market

Crypto Kong15:13:28 - 19 Nov 2018 [UTC]

Ah i thought you meant 3 mil bts

Alex M - clockwork15:13:39 - 19 Nov 2018 [UTC]

Cryptokong123

Ah i thought you meant 3 mil bts

no. 50m

Crypto Kong15:13:43 - 19 Nov 2018 [UTC]

Ok can someone lend me a few mil lol

Alex M - clockwork15:14:02 - 19 Nov 2018 [UTC]

within 5% now

Crypto Kong15:14:11 - 19 Nov 2018 [UTC]

Nice

Crypto Kong15:14:22 - 19 Nov 2018 [UTC]

Whys that i wonder?

Crypto Kong15:14:32 - 19 Nov 2018 [UTC]

People buying up on dex?

Alex M - clockwork15:14:39 - 19 Nov 2018 [UTC]

no premium on bitUSD

Alex M - clockwork15:14:52 - 19 Nov 2018 [UTC]

so bsip42 is slowly moving feed price towards market price

Crypto Kong15:14:56 - 19 Nov 2018 [UTC]

Ok cool

Kristin Low15:19:43 - 19 Nov 2018 [UTC]

I'm wondering...is it useful to think of MCR as bitshares' inflation rate? On the one hand, we have fixed supply of BTS, and the price for BTS is discovered through open markets. But the value of BTS as a token that is used to collateralise pegged assets is also reflected by how many of them are required to collateralise a position. If the mechanics which underpin that process are interfered with, it's arguably a type of inflation...am I right? Just rolling a different way of looking at things around in my head.

Alex M - clockwork15:31:38 - 19 Nov 2018 [UTC]

very close now

fractalnode15:34:28 - 19 Nov 2018 [UTC]

@blockchained this is beautiful! Congrats guys !!!

Stefan15:34:58 - 19 Nov 2018 [UTC]

fractalnode

@blockchained this is beautiful! Congrats guys !!!

DEXBot in UI? :

Dima BLCKCHND15:35:08 - 19 Nov 2018 [UTC]

manual and annoucment with, desctop verssion, comming soon

Kristin Low15:36:45 - 19 Nov 2018 [UTC]

blockchained

instructions and announcement with desktop version, coming soon

That is cool as f*ck.

Stefan15:46:00 - 19 Nov 2018 [UTC]

sschiessl

Hello dear BitShares community, the new release candidate for the BitShares UI is out https://steemit.com/bitshares/@sschiessl/bitshares-ui-release-candidate-181121-20181114t161558963z-post and the UI team is looking for integration testers, preferably non-devs (paid through bounties) https://github.com/bitshares/bitshares-ui/issues/2172 Please let me know what you think, and follow the instructions in the issue if you want to participate!

If anyone is still interested in gaining a few bucks by helping do integration tests, please see the linked message.

JonnyB15:50:40 - 19 Nov 2018 [UTC]

fractalnode

@blockchained this is beautiful! Congrats guys !!!

Dexbot within the GUI under its own tab. This is perfect!

JonnyB15:50:40 - 19 Nov 2018 [UTC]

Congrats

Georgy15:52:23 - 19 Nov 2018 [UTC]

Kristin_Spark

That is cool as f*ck.

😂👍

Georgy15:53:05 - 19 Nov 2018 [UTC]

this is GDEX

Georgy15:53:07 - 19 Nov 2018 [UTC]

lolol

Dima BLCKCHND16:02:49 - 19 Nov 2018 [UTC]

sschiessl

DEXBot in UI? :)

it is inspired by Alt btsbot, we are not fast but here it is)

Dima BLCKCHND16:03:30 - 19 Nov 2018 [UTC]

also it has trailing stop strategy

Dima BLCKCHND16:04:29 - 19 Nov 2018 [UTC]

but little by little we will make wider "zoo"

Kristin Low16:10:30 - 19 Nov 2018 [UTC]

Nice. Somewhere we can put all the llamas finally.

James16:15:07 - 19 Nov 2018 [UTC]

Serious investors... for safe investment and quick payout Follow this link to join my WhatsApp group: https://chat.whatsapp.com/FFTJvrBK65T03MbuG1pQyj

Alex M - clockwork16:33:17 - 19 Nov 2018 [UTC]

BTC 5k broken

Alex M - clockwork16:33:21 - 19 Nov 2018 [UTC]

enjoy the ride everyone

Kristin Low16:38:48 - 19 Nov 2018 [UTC]

Yesss.

Kristin Low16:39:02 - 19 Nov 2018 [UTC]

3k Xmas please.

승이

승민 이16:43:21 - 19 Nov 2018 [UTC]

cheer up guys

승이

승민 이16:43:24 - 19 Nov 2018 [UTC]

good news!

승이

승민 이16:43:26 - 19 Nov 2018 [UTC]

https://www.reuters.com/article/uk-global-markets-speculators/commentary-hedge-funds-historic-bond-bet-swing-suggests-fed-close-to-cycle-end-idUSKCN1NO1GZ

nutela17:01:41 - 19 Nov 2018 [UTC]

Can’t use anything other than BTS for collateral right?

Alex M - clockwork17:04:06 - 19 Nov 2018 [UTC]

Like gold teeth? A car? Etc?

Crypto Kong17:10:03 - 19 Nov 2018 [UTC]

Tokenised kidneys

nutela17:12:31 - 19 Nov 2018 [UTC]

clockworkgr

Like gold teeth? A car? Etc?

😂 I sent my Steem

nutela17:12:41 - 19 Nov 2018 [UTC]

😅

nutela17:13:41 - 19 Nov 2018 [UTC]

Collateral was @ 1.64 😅

nutela17:14:17 - 19 Nov 2018 [UTC]

I still have 255 BeyondBits btw 😉 Not sure if they are still worth anything

nutela17:15:49 - 19 Nov 2018 [UTC]

I still remember selling @ $0.89/BTS that was total opposite feeling, and BitShares is like so nurtured and kindled now 🤗

nutela17:16:21 - 19 Nov 2018 [UTC]

All the bear market has done is let me believe more in crypto 👍

nutela17:19:20 - 19 Nov 2018 [UTC]

The whole thought process is hilarious, should I sell my Eth or EOS, I was thinking Eth of course, then I remember I had powered down in Steem, quickest reflexes win and I wondered 🤔what is taking so long for BlockTrades, took 10 seconds or so 😅

Mussie17:19:33 - 19 Nov 2018 [UTC]

Hi everyone

Mussie17:19:54 - 19 Nov 2018 [UTC]

https://www.youtube.com/watch?v=GFyaWJHw6F4

R17:24:50 - 19 Nov 2018 [UTC]

nut3l4

Can’t use anything other than BTS for collateral right?

yeah you can, you can use UIA, bitAssets (backed by a bitasset, uia or bts), BTS, just not 2 layer deep bitasset as backing collateral

nutela17:26:06 - 19 Nov 2018 [UTC]

cmmob

yeah you can, you can use UIA, bitAssets (backed by a bitasset, uia or bts), BTS, just not 2 layer deep bitasset as backing collateral

BeyondBits? 😂

R17:26:13 - 19 Nov 2018 [UTC]

nut3l4

BeyondBits? 😂

could do

nutela17:27:02 - 19 Nov 2018 [UTC]

cmmob

could do

Really? How? Without selling it first?

R17:27:39 - 19 Nov 2018 [UTC]

nut3l4

Really? How? Without selling it first?

As backing collateral, though you'd need price feed scripts and a purpose

nutela17:29:38 - 19 Nov 2018 [UTC]

cmmob

As backing collateral, though you'd need price feed scripts and a purpose

Well I remember BeyondBits making me tons of Steem but with Ned & Stinc and EOS… I kinda see Steem bleeding out slowly..

R17:30:11 - 19 Nov 2018 [UTC]

WLS & Smoke > Steem 👍

nutela17:30:37 - 19 Nov 2018 [UTC]

cmmob

As backing collateral, though you'd need price feed scripts and a purpose

I mean pricefeeds, my 255 BeyondBits are supposedly worth $12, 👎

nutela17:30:48 - 19 Nov 2018 [UTC]

cmmob

WLS & Smoke > Steem 👍

You writing?

Elias17:30:54 - 19 Nov 2018 [UTC]

fractalnode

@blockchained this is beautiful! Congrats guys !!!

😍

Kristin Low17:34:47 - 19 Nov 2018 [UTC]

nut3l4

All the bear market has done is let me believe more in crypto 👍

Right on! You belong here :-)

nutela17:35:15 - 19 Nov 2018 [UTC]

Kristin_Spark

Right on! You belong here :-)

Best thing eva!

Viz aka @smailer17:45:33 - 19 Nov 2018 [UTC]

why all of this people still don't have force close position by margin call?

Viz aka @smailer17:48:03 - 19 Nov 2018 [UTC]

they have collateral under 1.75.. approx 1.42

John Grayson17:53:40 - 19 Nov 2018 [UTC]

cause there is no such thing as "force close". these are all almost simple orders which could be closed by someone else buying them. as there is no one who wants to buy them - they're all stucked. they're all should be force closed on 1.0 ratio, and this is called black swan as i properly understand

Crypto Kong17:57:50 - 19 Nov 2018 [UTC]

Interesting idea though, perhaps part of the reserve pool should have smartcoin pools for auto closing margin calls

Wolf of Bit Street17:59:18 - 19 Nov 2018 [UTC]

Any admins around ?

John Grayson17:59:24 - 19 Nov 2018 [UTC]

in case of active market and bullish trend or not so pessimistic downtrend they're all "force closed" with traders, not system itself

nutela17:59:29 - 19 Nov 2018 [UTC]

I remember I was margin called half a year ago.. being pretty pissed I was later glad it worked well.. I don’t like this at all.

John Grayson18:04:01 - 19 Nov 2018 [UTC]

Cryptokong123

Interesting idea though, perhaps part of the reserve pool should have smartcoin pools for auto closing margin calls

yup, there is reserve pool for smartcoins as far as i know and seen (bitUSD at least), which is baked by 0.1% orders fee, but i don't know mechanics and the purpose for that extra fee gathering :)

Slavi La Libertad18:05:25 - 19 Nov 2018 [UTC]

usdoperator is near MC...

Slavi La Libertad18:07:39 - 19 Nov 2018 [UTC]

GS is 0.0511 now. Better than 0.054

Lucy Vera18:30:19 - 19 Nov 2018 [UTC]

Good evening everyone

R18:42:34 - 19 Nov 2018 [UTC]

when you get margin called

R18:42:47 - 19 Nov 2018 [UTC]

you only sell what you need in order to have over 1.75 collateral ratio

R18:42:48 - 19 Nov 2018 [UTC]

right?

R18:42:51 - 19 Nov 2018 [UTC]

you don't sell everything

Alex M - clockwork18:46:57 - 19 Nov 2018 [UTC]

Yeah

Viz aka @smailer18:48:28 - 19 Nov 2018 [UTC]

MidnightSun93

cause there is no such thing as "force close". they are almost simple orders which could be closed by someone else buying them. as there is no one who wants to buy them - they're all stucked. they're all should be force closed on 1.0 ratio, and this is called black swan as i properly understand

margin always close by market, by filling limit orders what placed on order book

Viz aka @smailer18:48:49 - 19 Nov 2018 [UTC]

not waiting for some new orders

John Grayson18:50:16 - 19 Nov 2018 [UTC]

Vizual

not waiting for some new orders

ok. so why there's a lot margins with lower than 1.75 cr?)

Viz aka @smailer18:52:14 - 19 Nov 2018 [UTC]

because not right algo of executing the market orders and margin trading

octomatic18:54:03 - 19 Nov 2018 [UTC]

clockworkgr

"A system uses established non-discretionary methods if it provides a trading facility or sets rules. For example, an entity that provides an algorithm, run on a computer program or on a smart contract using blockchain technology, as a means to bring together or execute orders could be providing a trading facility. As another example, an entity that sets execution priorities, standardizes material terms for digital asset securities traded on the system, or requires orders to conform with predetermined protocols of a smart contract, could be setting rules. Additionally, if one entity arranges for other entities, either directly or indirectly, to provide the various functions of a trading system that together meet the definition of an exchange, the entity arranging the collective efforts could be considered to have established an exchange."

can we establish a worker proposal to make bitshares dex run on the tor network? go to dark market where the gov't can't touch witnesses and committees. yes i'm most concerned about the us based nodes, and sometimes i wonder if authorities will shut them down.

James Thiasa19:02:25 - 19 Nov 2018 [UTC]

Complete automated systems, 5months a 3weeks running days, recruits, converts and mine for you, make good incomes opportunities https://chat.whatsapp.com/FFTJvrBK65T03MbuG1pQyj for more interactions and submissions of payouts proofs after withdrawing visit www.cryptpwealthinvest.com full live support response.. https://cryptowealthinvest.com/?ref=Ace

James Thiasa19:02:47 - 19 Nov 2018 [UTC]

nutela19:03:16 - 19 Nov 2018 [UTC]

octomatic

It would add latency

Crypto Kong19:03:30 - 19 Nov 2018 [UTC]

MidnightSun93

yup, there is reserve pool for smartcoins as far as i know and seen (bitUSD at least), which is baked by 0.1% orders fee, but i don't know mechanics and the purpose for that extra fee gathering :)

No thats a fee pool, its so people can pay fees in bitusd if they have no bts

nutela19:03:55 - 19 Nov 2018 [UTC]

clockworkgr

Yeah

Really? When did this happen?

Slavi La Libertad19:04:25 - 19 Nov 2018 [UTC]

If you set target CR.

Slavi La Libertad19:05:02 - 19 Nov 2018 [UTC]

So set TCR to lose not so much. :)

octomatic19:07:54 - 19 Nov 2018 [UTC]

Jedebel

The US seems to be most outspoken about enforcement at this time but I might have missed some news stories in other languages. lol

India has outright banned crypto exchanges as of August. so everything there has already gone underground. But in terms of financial political power, they don't have the unreasonable, oversized global outreach that the US has.

octomatic19:12:27 - 19 Nov 2018 [UTC]

Kristin_Spark

Good points. I think the niche to capture is that we are consistently and unrepentantly against KYC. Our core functionality as a blockchain doesn't - and never will - require KYC. No other projects will take that stand, it's a valuable space to occupy, and we can sustainably do it.

👍

Crypto Kong19:12:40 - 19 Nov 2018 [UTC]

@clockworkgr @sschiessl I think possible weight reduction of BTS used as collateral should be considered for voting. It is possible to buy BTS, use it to create bitUSD buy more BTS and add it to collateral pile, create more bitUSD and buy more BTS, add that to collateral pile. There for artificially increasing ones voting power.

螃蟹

螃蟹19:12:49 - 19 Nov 2018 [UTC]

I don't think we should eliminate open market operations

Stefan19:13:29 - 19 Nov 2018 [UTC]

Cryptokong123

Call it incentive to margin, which is also important :)

螃蟹

螃蟹19:13:58 - 19 Nov 2018 [UTC]

The elimination of open market operations has made things worse.

Crypto Kong19:14:00 - 19 Nov 2018 [UTC]

Thats true but shouldnt we try and seperate the two?

Mike Jefferson219:14:47 - 19 Nov 2018 [UTC]

finnbts

The elimination of open market operations has made things worse.

the OMO fund is being margin called so you wouldn't be able to use it anyways

octomatic19:14:52 - 19 Nov 2018 [UTC]

Kristin_Spark

exchanges and centralized orgs have had too much power to manipulate people's identities, as well the honey pot hacking of centralized silos.

Stefan19:15:09 - 19 Nov 2018 [UTC]

Having big margins also means a bet on rising price, which means the actor is very likely being beneficial to the network

Crypto Kong19:15:21 - 19 Nov 2018 [UTC]

Create an actual incentive to create smartcoins whilst lowering voting weight of collateralised BTS and allow users to find the right balance for them

Crypto Kong19:15:45 - 19 Nov 2018 [UTC]

I agree with what your saying

Crypto Kong19:16:00 - 19 Nov 2018 [UTC]

Im just brainstorming on alternatives

螃蟹

螃蟹19:16:03 - 19 Nov 2018 [UTC]

We should work together to save the bitcny and bitusd markets so as to avoid a global liquidation, otherwise it will be a disaster.

Crypto Kong19:16:29 - 19 Nov 2018 [UTC]

finnbts

We should work together to save the bitcny and bitusd markets so as to avoid a global liquidation, otherwise it will be a disaster.

Have you bought any?

Stefan19:16:30 - 19 Nov 2018 [UTC]

Cryptokong123

Im just brainstorming on alternatives

Yea, and thanks for that!

Mike Jefferson219:18:19 - 19 Nov 2018 [UTC]

am still hoping brother-john jumps in on bitcny when it reaches the end. He can buy currently arround 25 million BTS

Crypto Kong19:18:23 - 19 Nov 2018 [UTC]

IMO creating a specific incentive for creating smart coins whilst having a voting weight reduction on collateralised BTS means users have to choose betweem financial benefit or influence. Rather than gaining both.

螃蟹

螃蟹19:18:50 - 19 Nov 2018 [UTC]

Cryptokong123

Have you bought any?

I'm buying as much as I can, but once the reckoning is over, it's over.

Crypto Kong19:19:00 - 19 Nov 2018 [UTC]

finnbts

I'm buying as much as I can, but once the reckoning is over, it's over.

👍

Kathy Jameson19:21:18 - 19 Nov 2018 [UTC]

Hello

螃蟹

螃蟹19:21:48 - 19 Nov 2018 [UTC]

We should work together to prevent some bad things from happening, for BTS.

XOV CEO (Official)19:22:16 - 19 Nov 2018 [UTC]

finnbts

We should work together to prevent some bad things from happening, for BTS.

👍

Jenny Kim19:33:13 - 19 Nov 2018 [UTC]

Hello

螃蟹

螃蟹19:33:45 - 19 Nov 2018 [UTC]

Once the black swan occurs, more than 800 million BTS will be released, and we should be aware of the gravity of the situation.

octomatic19:34:13 - 19 Nov 2018 [UTC]

thanks @finnbts

Kristin Low19:34:45 - 19 Nov 2018 [UTC]

octomatic

That's a great idea. I would get behind that. Putting my hand up to help 👋

Kristin Low19:35:10 - 19 Nov 2018 [UTC]

octomatic

exchanges and centralized orgs have had too much power to manipulate people's identities, as well the honey pot hacking of centralized silos.

Agreed. Let's end them.

螃蟹

螃蟹19:37:28 - 19 Nov 2018 [UTC]

Well, no one seems to care about the black swan that's coming.

Fabian Schuh19:38:00 - 19 Nov 2018 [UTC]

finnbts

Once the black swan occurs, more than 800 million BTS will be released, and we should be aware of the gravity of the situation.

How do you come up with that number?

Fabian Schuh19:38:24 - 19 Nov 2018 [UTC]

Oy excess collateral will be 'released' .. Rest will stick as collateral to cover the oustanding longs

Slavi La Libertad19:39:04 - 19 Nov 2018 [UTC]

finnbts

Well, no one seems to care about the black swan that's coming.

We care, do not worry. What is a suggestion? To use 100k BTS daily?

Crypto Kong19:39:40 - 19 Nov 2018 [UTC]

octomatic

I would be very much behind this idea

Fabian Schuh19:39:50 - 19 Nov 2018 [UTC]

xeroc

How do you come up with that number?

My rough estimate is that some 300M will be 'releaeed'

螃蟹

螃蟹19:40:47 - 19 Nov 2018 [UTC]

xeroc

How do you come up with that number?

Estimated from the total amount of bitcny and biusd

Mike Jefferson219:40:58 - 19 Nov 2018 [UTC]

xeroc

My rough estimate is that some 300M will be 'releaeed'

will collateral which have a higher ratio than 1.75 also get closed ?

Joe, Son of Bob, Uncle to Tom19:41:28 - 19 Nov 2018 [UTC]

Wow. Unbelievable contradiction of terms imo: http://saos.fec.gov/aodocs/201813.pdf

螃蟹

螃蟹19:42:16 - 19 Nov 2018 [UTC]

memset

We care, do not worry. What is a suggestion? To use 100k BTS daily?

It's too late and now we should buy as much as we can to avoid this bad thing happening.

螃蟹

螃蟹19:44:18 - 19 Nov 2018 [UTC]

Mike Jefferson2

will collateral which have a higher ratio than 1.75 also get closed ?

A bond with a mortgage rate above 175 will also be forced to liquidate.

Mike Jefferson219:46:01 - 19 Nov 2018 [UTC]

not many options left

螃蟹

螃蟹19:46:33 - 19 Nov 2018 [UTC]

If the black swan were to happen, the market would be in chaos, and many witnesses and council members could lose their votes and therefore step down.

Crypto Kong19:46:43 - 19 Nov 2018 [UTC]

@xeroc do you mind breifly explaining what would happen in the event of global settlement so everyone is clear?

Mike Jefferson219:47:00 - 19 Nov 2018 [UTC]

1.permanent price feed manipulation 2.Allowing CR to go under 1 3.Big buy orders to east the margin 4.Praying the price bounces now

octomatic19:47:23 - 19 Nov 2018 [UTC]

Cryptokong123

I would be very much behind this idea

how does one organize for this? I'm relatively new here compared to you guys, do we start a chat room?

Crypto Kong19:47:28 - 19 Nov 2018 [UTC]

Ive heard so many versions of GS and hard to interpret documentation

Fabian Schuh19:47:34 - 19 Nov 2018 [UTC]

Cryptokong123

@xeroc do you mind breifly explaining what would happen in the event of global settlement so everyone is clear?

Sorry, no time atm

Crypto Kong19:47:43 - 19 Nov 2018 [UTC]

xeroc

Sorry, no time atm

No probs

Fabian Schuh19:47:44 - 19 Nov 2018 [UTC]

Read bsip18, there should be stuff explained

Crypto Kong19:47:59 - 19 Nov 2018 [UTC]

👍

Mike Jefferson219:48:20 - 19 Nov 2018 [UTC]

fireworkers on work 😉

Mike Jefferson219:49:06 - 19 Nov 2018 [UTC]

i really hope they will find a good solution but i also hope they take the lesson and abandon BSIP42 in a bearish market

octomatic19:49:09 - 19 Nov 2018 [UTC]

nut3l4

It would add latency

latency better than nothing! tor, vpn is slow anyway but i'd rather have that option instead of censorship of all the thingz.

螃蟹

螃蟹19:49:23 - 19 Nov 2018 [UTC]

Mike Jefferson2

1.permanent price feed manipulation 2.Allowing CR to go under 1 3.Big buy orders to eat the margin 4.Praying the price bounces now

I don't think we should pin our hopes on a price rebound.

Mike Jefferson219:49:48 - 19 Nov 2018 [UTC]

octomatic

latency better than nothing! tor, vpn is slow anyway but i'd rather have that option instead of censorship of all the thingz.

tor is very slow.

Kristin Low19:51:42 - 19 Nov 2018 [UTC]

Mike Jefferson2

tor is very slow.

We need to optimise for performance, not transaction speed. Performance = the ability for the blockchain to sustainably function in the context of sustained attacks against it. Trade offs on speed are ok to achieve that utility, imho.

螃蟹

螃蟹19:52:27 - 19 Nov 2018 [UTC]

Mike Jefferson2

i really hope they will find a good solution but i also hope they take the lesson and abandon BSIP42 in a bearish market

I think BSIP42 can continue, but the compensation of the feeding price should not be more than 10%. This cannot lead to the transaction of the warehouse note, increase the mortgage rate and reduce the risk of black swan.

kouloumos20:15:22 - 19 Nov 2018 [UTC]

It seems that I cannot connect to any node, any advice would be appreciated 😁

Mike Jefferson220:18:02 - 19 Nov 2018 [UTC]

with this kind of margin call price you will never find a working solution.Market is slowly going a bit up and instead of eating some margins the margin instantly moves so it can't be eaten

Mike Jefferson220:18:20 - 19 Nov 2018 [UTC]

this is making the next downtrend even worse

nutela20:20:22 - 19 Nov 2018 [UTC]

It used to be (like 6-8 months ago) that when you got below 175% your whole position would be liquidated correct?

Mike Jefferson220:20:45 - 19 Nov 2018 [UTC]

nut3l4

It used to be (like 6-8 months ago) that when you got below 175% your whole position would be liquidated correct?

yes

Mike Jefferson220:21:50 - 19 Nov 2018 [UTC]

TCR has a bad taste because it leads people to not adjust their collateral anymore correctly

nutela20:22:26 - 19 Nov 2018 [UTC]

So when was it made just that parts would be settled?

Fabian Schuh20:24:00 - 19 Nov 2018 [UTC]

https://blog.bitmex.com/eos-report/

Fabian Schuh20:24:07 - 19 Nov 2018 [UTC]

Bitshares mentioned

nutela20:24:10 - 19 Nov 2018 [UTC]

I mean shouldn’t we see everybody just at 175% but their margins get sold?

Fabian Schuh20:24:39 - 19 Nov 2018 [UTC]

Out of the 5 mentions, 3 came with false claims ..

Fabian Schuh20:25:02 - 19 Nov 2018 [UTC]

Interesting to see how ethereum is 'fighting' (or funding fights) over eos

Mathew20:32:40 - 19 Nov 2018 [UTC]

octomatic

Great idea - think this would be slow day to day but great as a back up / for restricted areas. I'd support a worker.

Alex M - clockwork20:34:23 - 19 Nov 2018 [UTC]

Commissioned by consensys.

Alex M - clockwork20:34:34 - 19 Nov 2018 [UTC]

Independent research

Alex M - clockwork20:34:58 - 19 Nov 2018 [UTC]

Add as many airquotes as required

Alex M - clockwork20:36:36 - 19 Nov 2018 [UTC]

Fwiw...if USD makes it through this, we can all laugh at anyone claiming they have a more robust stablecoin

Omar20:40:00 - 19 Nov 2018 [UTC]

Any hope of any good news which could rebound the bts price?

Slavi La Libertad20:40:11 - 19 Nov 2018 [UTC]

Mike Jefferson2

TCR has a bad taste because it leads people to not adjust their collateral anymore correctly

TCR is good, it's not related to bsip42.

nutela20:40:38 - 19 Nov 2018 [UTC]

Joe_son_of_Bob_Uncle_to_Tom

BitShares has founders?

Alex M - clockwork20:41:11 - 19 Nov 2018 [UTC]

nut3l4

BitShares has founders?

In as far as Invictus/cnx did, yes

Kristin Low20:41:46 - 19 Nov 2018 [UTC]

paathi

Any hope of any good news which could rebound the bts price?

We are tied to BTC's ship. I think it's ok if it dips down for a while. Good opportunity to acquire more.

Alex M - clockwork20:41:52 - 19 Nov 2018 [UTC]

paathi

Any hope of any good news which could rebound the bts price?

This is BTCs game...short of Satoshi appearing and endorsing bitshares. No

nutela20:42:27 - 19 Nov 2018 [UTC]

clockworkgr

In as far as Invictus/cnx did, yes

But did they found the company BitShares, like legally or the DAO?

Alex M - clockwork20:42:47 - 19 Nov 2018 [UTC]

There is no company

Alex M - clockwork20:43:51 - 19 Nov 2018 [UTC]

Would you agree Dan is the founder of bitshares?

nutela20:44:10 - 19 Nov 2018 [UTC]

clockworkgr

There is no company

So how can they be a founder? Playing devil’s advocate 😉

Alex M - clockwork20:44:12 - 19 Nov 2018 [UTC]

Regardless of decentralized status at the moment

nutela20:44:57 - 19 Nov 2018 [UTC]

clockworkgr

Would you agree Dan is the founder of bitshares?

So what if the SEC went after Dan? Wouldn’t it be the same like with EtherDelta?

nutela20:45:16 - 19 Nov 2018 [UTC]

Remember I’m playing devil’s advocate

Alex M - clockwork20:45:18 - 19 Nov 2018 [UTC]

You're mixing conversations

Mike Jefferson220:45:22 - 19 Nov 2018 [UTC]

memset

TCR is good, it's not related to bsip42.

its leading to have many more margins near 1.75 which wasn't before and people not updating anymore. Its like a snowball effect

nutela20:45:37 - 19 Nov 2018 [UTC]

clockworkgr

You're mixing conversations

Me? 🤗

Alex M - clockwork20:45:41 - 19 Nov 2018 [UTC]

Etherdelta is a completely different thing

Alex M - clockwork20:45:44 - 19 Nov 2018 [UTC]

Yes

Alex M - clockwork20:45:57 - 19 Nov 2018 [UTC]

You ask how they can be a founder

nutela20:46:01 - 19 Nov 2018 [UTC]

clockworkgr

Etherdelta is a completely different thing

In what way? He founded it..

Alex M - clockwork20:46:10 - 19 Nov 2018 [UTC]

Answer is same way Dan is

nutela20:46:24 - 19 Nov 2018 [UTC]

But Dan is safe?

Alex M - clockwork20:46:37 - 19 Nov 2018 [UTC]

nut3l4

In what way? He founded it..

He was also running it, running and owning the web interface and profiting from it

Alex M - clockwork20:46:49 - 19 Nov 2018 [UTC]

It's the full package that did it

nutela20:46:54 - 19 Nov 2018 [UTC]

clockworkgr

He was also running it, running and owning the web interface and profiting from it

Aha, good 👍 Thanks Alex

Joe, Son of Bob, Uncle to Tom20:47:01 - 19 Nov 2018 [UTC]

clockworkgr

In as far as Invictus/cnx did, yes

If I recall, cnx was originally comprised of Dan, Stan and his wife, and another partner

nutela20:47:06 - 19 Nov 2018 [UTC]

So it’s running..

Alex M - clockwork20:47:19 - 19 Nov 2018 [UTC]

Joe_son_of_Bob_Uncle_to_Tom

If I recall, cnx was originally comprised of Dan, Stan and his wife, and another partner

Think it's referring to Invictus

Slavi La Libertad20:47:21 - 19 Nov 2018 [UTC]

Mike Jefferson2

its leading to have many more margins near 1.75 which wasn't before and people not updating anymore. Its like a snowball effect

It's worse when a big order goes down and press the price. It's a more risk for GS.

Alex M - clockwork20:48:05 - 19 Nov 2018 [UTC]

memset

It's worse when a big order goes down and press the price. It's a more risk for GS.

Yes and no...remember that margin calls are ONLY feed price dependent

Alex M - clockwork20:48:28 - 19 Nov 2018 [UTC]

And the bts/bitusd market is a very small part of the feed price

nutela20:48:39 - 19 Nov 2018 [UTC]

I’ve been studying the legal case and how it works, what the federal government is, in actuallity. I think the Sec has no power but there might be some little things which would worry me.

Joe, Son of Bob, Uncle to Tom20:48:42 - 19 Nov 2018 [UTC]

http://bytemaster.github.io/article/2015/01/27/BitAssets-and-Black-Swan-Events/

Alex M - clockwork20:49:11 - 19 Nov 2018 [UTC]

I.e.the price suppression effect is not as strong as you might think

Alex M - clockwork20:49:18 - 19 Nov 2018 [UTC]

Still not ideal ofcourse

Alex M - clockwork20:49:38 - 19 Nov 2018 [UTC]

nut3l4

I’ve been studying the legal case and how it works, what the federal government is, in actuallity. I think the Sec has no power but there might be some little things which would worry me.

Web wallet is the key thing

Alex M - clockwork20:49:49 - 19 Nov 2018 [UTC]

Core and the rest is safer

Mike Jefferson220:49:50 - 19 Nov 2018 [UTC]

memset

It's worse when a big order goes down and press the price. It's a more risk for GS.

i don't agree with that

nutela20:50:04 - 19 Nov 2018 [UTC]

clockworkgr

Web wallet is the key thing

Eth wallet you mean?

Alex M - clockwork20:50:10 - 19 Nov 2018 [UTC]

Good thing web wallet got moved to much friendlier jurisdiction

Alex M - clockwork20:50:19 - 19 Nov 2018 [UTC]

nut3l4

Eth wallet you mean?

Bitshares

nutela20:50:39 - 19 Nov 2018 [UTC]

clockworkgr

Good thing web wallet got moved to much friendlier jurisdiction

Oh I didn’t know, which one?

Slavi La Libertad20:50:48 - 19 Nov 2018 [UTC]

clockworkgr

I.e.the price suppression effect is not as strong as you might think

May be so...

Alex M - clockwork20:50:53 - 19 Nov 2018 [UTC]

Thought you were referring to how the case applies to bitshares

Alex M - clockwork20:51:13 - 19 Nov 2018 [UTC]

nut3l4

Oh I didn’t know, which one?

Owned by Slovenian non profit

Alex M - clockwork20:51:21 - 19 Nov 2018 [UTC]

Ran out of thailand

nutela20:51:24 - 19 Nov 2018 [UTC]

clockworkgr

Thought you were referring to how the case applies to bitshares

I’m studying how the federal government was established.

Slavi La Libertad20:51:43 - 19 Nov 2018 [UTC]

clockworkgr

Good thing web wallet got moved to much friendlier jurisdiction

Registered bitshares.ch or bitshares.is domain? :) But may be Iceland is not friendly enough to crypto.

Joe, Son of Bob, Uncle to Tom20:51:44 - 19 Nov 2018 [UTC]

clockworkgr

Good thing web wallet got moved to much friendlier jurisdiction

100%

Alex M - clockwork20:52:16 - 19 Nov 2018 [UTC]

Misunderstanding...thought you were studying how the etherdelta sec case applies to bitshares

nutela20:52:37 - 19 Nov 2018 [UTC]

So what I found out was that the federal gov is a contractor to the indivdual states

Jane karen20:52:45 - 19 Nov 2018 [UTC]

Hello everyone

nutela20:52:56 - 19 Nov 2018 [UTC]

clockworkgr

Misunderstanding...thought you were studying how the etherdelta sec case applies to bitshares

Yes because it sounded like it was the same, I wanted to make sure.

Slavi La Libertad20:52:56 - 19 Nov 2018 [UTC]

.org domain can be seized by US... So need a backup domain imho.

nutela20:53:43 - 19 Nov 2018 [UTC]

Con-gress is just a corporation.

nutela20:55:04 - 19 Nov 2018 [UTC]

Details are either written in a book or you can read PDFs online. 👍

Alex M - clockwork20:55:42 - 19 Nov 2018 [UTC]

memset

.org domain can be seized by US... So need a backup domain imho.

Weve got a few via the presentation worker

nutela20:56:08 - 19 Nov 2018 [UTC]

Who works on the BitShares legal theme?

Alex M - clockwork20:56:21 - 19 Nov 2018 [UTC]

nut3l4

Who works on the BitShares legal theme?

Foundation

Alex M - clockwork20:56:26 - 19 Nov 2018 [UTC]

Working with

Alex M - clockwork20:56:49 - 19 Nov 2018 [UTC]

https://en.m.wikipedia.org/wiki/Paul_Hastings

nutela20:56:52 - 19 Nov 2018 [UTC]

Any American State Nationals there?

Alex M - clockwork20:57:29 - 19 Nov 2018 [UTC]

And I know committee member johnr who is us based has been involved at times

Slavi La Libertad20:59:30 - 19 Nov 2018 [UTC]

Mike Jefferson2

with this kind of margin call price you will never find a working solution.Market is slowly going a bit up and instead of eating some margins the margin instantly moves up so it can't be eaten

0.060797 The price in Binance is ~0.61

nutela20:59:46 - 19 Nov 2018 [UTC]

OK, because with EOS ICO, not for US citizens, well US citizens are just a fake construct, there are American State Nationals like Texans, Georgians, New Yorkers etc.

George (Bitspark)21:00:16 - 19 Nov 2018 [UTC]

Cryptokong123

Create an actual incentive to create smartcoins whilst lowering voting weight of collateralised BTS and allow users to find the right balance for them

See my lending proposal for DEX. Would do this without any changes for smartcoin mechanics.

nutela21:00:43 - 19 Nov 2018 [UTC]

The contitution for the united States of America is just a contract for the individual States to have common services.

nutela21:02:59 - 19 Nov 2018 [UTC]

But it’s interesting to see if crypto should be governed by maritime law or common.. law of the land..

Mike Jefferson221:03:59 - 19 Nov 2018 [UTC]

memset

0.060797 The price in Binance is ~0.61

am saying about bitcny

Mike Jefferson221:04:57 - 19 Nov 2018 [UTC]

nut3l4

The contitution for the united States of America is just a contract for the individual States to have common services.

of not for

nutela21:05:18 - 19 Nov 2018 [UTC]

Mike Jefferson2

of not for

Nope for

nutela21:05:50 - 19 Nov 2018 [UTC]

There are two, one is the original “for” the other is “of” - that’s the corporate one.

Mike Jefferson221:07:24 - 19 Nov 2018 [UTC]

yes and you talked about the constitution of the unites states is just a contract So its of and not for.Because the constitution for the united states is the real one

nutela21:09:23 - 19 Nov 2018 [UTC]

Mike Jefferson2

yes and you talked about the constitution of the unites states is just a contract So its of and not for.Because the constitution for the united states is the real one

The States of the Union have a contract - the constitution for the united States of America, to facilitate trade. However the federal or contract government __providing__ those services, that’s a corporation with the name United States or similar which is a fraud.

nutela21:12:02 - 19 Nov 2018 [UTC]

But don’t take my word for it, I got the details from Anna von Reitz, a judge but I did know there were two constitutions, the original of the territorial states and a corporate one.. with the 14th amendment making US citizens out of slaves because the civil war was never lawfully (or legally) declared.

nutela21:12:54 - 19 Nov 2018 [UTC]

So I’m saying this because I’d like to protect BitShares from frauds.

Alex M - clockwork21:14:28 - 19 Nov 2018 [UTC]

nut3l4

Self-proclaimed judge...just saying

nutela21:14:59 - 19 Nov 2018 [UTC]

clockworkgr

Self-proclaimed judge...just saying

Haha, but that’s the point, under common law you can do that.

Alex M - clockwork21:15:31 - 19 Nov 2018 [UTC]

nut3l4

Haha, but that’s the point, under common law you can do that. Apparently. But I’m not sure about that.

Well yeah

nutela21:15:55 - 19 Nov 2018 [UTC]

She’s a judge of the Alaskan Superior Court

Mike Jefferson221:16:01 - 19 Nov 2018 [UTC]

nut3l4

Just a quick reply cause i don't want to go offtopic here. The civial war was legally declared but was never legaly finished.Thats why the US still uses its war flag.And it was not a civil war what you can read in school history books but it was a fight about monetary independance where the south tried to kick out the federal reserve

Alex M - clockwork21:16:19 - 19 Nov 2018 [UTC]

nut3l4

She’s a judge of the Alaskan Superior Court

Which is a made up common law court

Alex M - clockwork21:16:35 - 19 Nov 2018 [UTC]

Not judging her sayings...don't care

Alex M - clockwork21:17:07 - 19 Nov 2018 [UTC]

Just pointing it out for others who might be under the impression that's anything official

nutela21:17:10 - 19 Nov 2018 [UTC]

Mike Jefferson2

Could be, Anna says it was not lawfully or legally declared… she wrote a few books, Disclosure 101, didn’t read it but my feeling is this is the most accurate I’ve ever read, makes the most sense.

nutela21:17:34 - 19 Nov 2018 [UTC]

clockworkgr

Just pointing it out for others who might be under the impression that's anything official

But Alex, official.. what does that mean?

Mike Jefferson221:17:57 - 19 Nov 2018 [UTC]

official means licensed

Alex M - clockwork21:18:01 - 19 Nov 2018 [UTC]

As in

Mike Jefferson221:18:04 - 19 Nov 2018 [UTC]

having a license

Alex M - clockwork21:18:24 - 19 Nov 2018 [UTC]

I can self proclaim myself to be the king of Alexia and ruler of all my domain

nutela21:18:26 - 19 Nov 2018 [UTC]

But let’s not get off topic 👍

Alex M - clockwork21:18:35 - 19 Nov 2018 [UTC]

Doesn't mean squat in reality

nutela21:18:48 - 19 Nov 2018 [UTC]

clockworkgr

I can self proclaim myself to be the king of Alexia and ruler of all my domain

Um no others have to write at least a constitution I think

nutela21:19:08 - 19 Nov 2018 [UTC]

clockworkgr

Doesn't mean squat in reality

Alex reality is an agreement, and they broke it

Alex M - clockwork21:19:12 - 19 Nov 2018 [UTC]

And does not magically give me some inner knowledge about international relations I didn't have before

nutela21:19:57 - 19 Nov 2018 [UTC]

But as I said, go read here; http://www.annavonreitz.com/index2.html

Alex M - clockwork21:20:13 - 19 Nov 2018 [UTC]

Mike Jefferson2

Federal reserve was formed 50 yrs after the civil war...try again

Alex M - clockwork21:20:38 - 19 Nov 2018 [UTC]

nut3l4

But as I said, go read here; http://www.annavonreitz.com/index2.html

Let me make up a web page about my imaginary kingdom...will be back shortly

Mike Jefferson221:20:44 - 19 Nov 2018 [UTC]

nut3l4

Alex reality is an agreement, and they broke it, that’s the reality.

why did they broke it ?They are running it fully legal under law.Its you who is accepting their terms and be under their law

nutela21:21:12 - 19 Nov 2018 [UTC]

Mike Jefferson2

why did they broke it ?They are running it fully legal under law.Its you who is accepting their terms and be under their law

Exactly, it’s corporate law, not State law.

Mike Jefferson221:21:13 - 19 Nov 2018 [UTC]

clockworkgr

Federal reserve was formed 50 yrs after the civil war...try again

i would recommend reading the diary of lincoln

Mike Jefferson221:21:30 - 19 Nov 2018 [UTC]

that you have been teached that in school books doesnt mean its real

nutela21:21:54 - 19 Nov 2018 [UTC]

Lincoln was right around the time they started really faking it with fake civil war no? Which was a commercial war

nutela21:22:54 - 19 Nov 2018 [UTC]

clockworkgr

Let me make up a web page about my imaginary kingdom...will be back shortly

Read any of the PDFs and I’m sure you’ll be amazed.

Mike Jefferson221:22:54 - 19 Nov 2018 [UTC]

Lincoln is also being celebrated as the liberator of black people where he was the biggest racist but prefered to give the black people freedom in exchange that they hold the monetary system

nutela21:23:46 - 19 Nov 2018 [UTC]

Mike Jefferson2

Lincoln is also being celebrated as the liberator of black people where he was the biggest racist but prefered to give the black people freedom in exchange that they hold the monetary system

Black people are only US citizens under the 14th amendment which is the corporate fakery of the original constitution.

Mike Jefferson221:25:05 - 19 Nov 2018 [UTC]

they were slaves and loncoln needed them to win the war about the monetary system.So he promised them freedom if they go to battle.He described black people as animals and somebody like him is being today celebrated as the libarator of black people

nutela21:26:10 - 19 Nov 2018 [UTC]

So but to go back to BitShares, if the SEC wants anything, well you can just say where’s your authority over me? I’ve read the EtherDelta legal case.. I think it was posted here.

nutela21:26:53 - 19 Nov 2018 [UTC]

There’s no such things as US citizens if you read what that actually means.

nutela21:27:16 - 19 Nov 2018 [UTC]

American State Nationals eg. Texans etc.

Alex M - clockwork21:27:24 - 19 Nov 2018 [UTC]

thats getting into sovereign citizen territory

nutela21:28:00 - 19 Nov 2018 [UTC]

clockworkgr

thats getting into sovereign citizen territory

I hope you know what you are talking about 😉

Alex M - clockwork21:28:06 - 19 Nov 2018 [UTC]

we could argue the morality and ideology of it for ages

Crypto Kong21:28:24 - 19 Nov 2018 [UTC]

George_Bitspark

See my lending proposal for DEX. Would do this without any changes for smartcoin mechanics.

ah yes i saw that before and thought it was a great idea!

nutela21:28:25 - 19 Nov 2018 [UTC]

clockworkgr

we could argue the morality and ideology of it for ages

Nope, I won’t argue, I’m going with the facts and the law.

Alex M - clockwork21:28:54 - 19 Nov 2018 [UTC]

but the reality of it is that under the federal government it's classified as domestic terrorism

Alex M - clockwork21:29:06 - 19 Nov 2018 [UTC]

seeing as i'm not us-based

Mike Jefferson221:29:25 - 19 Nov 2018 [UTC]

Cryptokong123

ah yes i saw that before and thought it was a great idea!

is there a link ?

Alex M - clockwork21:29:33 - 19 Nov 2018 [UTC]

i'll stick with the status quo until americans decide to rebel en masse

Mike Jefferson221:29:48 - 19 Nov 2018 [UTC]

nut3l4

Nope, I won’t argue, I’m going with the facts and the law.

the issue is facts and law won't help you in court

Mike Jefferson221:30:07 - 19 Nov 2018 [UTC]

you need to see reality

Alex M - clockwork21:30:18 - 19 Nov 2018 [UTC]

breaking the law because some redneck in buttfuck indiana thinks i have the right to is not my idea of a prudent decision

nutela21:30:27 - 19 Nov 2018 [UTC]

Mike Jefferson2

the issue is facts and law won't help you in court

Of course it will, it already did. Trick is to look at the fringe of the flag. Never go to court, decline their offer to contract.

Mike Jefferson221:30:53 - 19 Nov 2018 [UTC]

Trust me 98% of these claims are ending bad

Crypto Kong21:30:54 - 19 Nov 2018 [UTC]

Mike Jefferson2

is there a link ?

https://medium.com/@George_harrap/bitshares-margin-trading-and-swap-contracts-on-the-dex-discussion-3856b00a8349

nutela21:30:55 - 19 Nov 2018 [UTC]

Mike Jefferson2

you need to see reality

I’m seeing it crystal clear

nutela21:31:14 - 19 Nov 2018 [UTC]

Mike Jefferson2

Trust me 98% of these claims are ending bad

I’m not trusting you, I’m going with the facts and what I’ve tried myself.

Mike Jefferson221:31:25 - 19 Nov 2018 [UTC]

how many court cases have you see in reality ?

Alex M - clockwork21:31:30 - 19 Nov 2018 [UTC]

nut3l4

I’m not trusting you, I’m going with the facts and what I’ve tried myself. Plain and simple. Thanks but no thanks 😉

are you us based?

nutela21:32:47 - 19 Nov 2018 [UTC]

clockworkgr

are you us based?

Nope, I’m in CZ, did this bank thing here. I can show you guys my bank account, I made a video.. just want to blur my name. Don’t know how to do that. That’s my proof the bank was scamming me and then I’ve did some stuff in NL too, I have dual slave-ship 😉

Alex M - clockwork21:33:09 - 19 Nov 2018 [UTC]

nut3l4

apples and oranges then

nutela21:33:17 - 19 Nov 2018 [UTC]

Mike Jefferson2

how many court cases have you see in reality ?

I’ve been in one with my ex wife, I didn’t know it was fake then.

nutela21:33:38 - 19 Nov 2018 [UTC]

clockworkgr

apples and oranges then

Why?

Omar21:34:09 - 19 Nov 2018 [UTC]

Where can I see total available bts on sales through forced margin calls? I am interested in the grand total in bitCNY market.

Mike Jefferson221:34:32 - 19 Nov 2018 [UTC]

go visit court cases and you will see how quickly they will get jurisdiction over you and if you don't consent they will just use force since the judge is not taking any responsibiity as he is not signaturing your case

Mike Jefferson221:34:41 - 19 Nov 2018 [UTC]

you need to learn a lot

Crypto Kong21:34:42 - 19 Nov 2018 [UTC]

paathi

Where can I see total available bts on sales through forced margin calls? I am interested in the grand total in bitCNY market.

top left click on cny, takes you to the asset page

Mike Jefferson221:35:35 - 19 Nov 2018 [UTC]

bitshares foundation is a great soltution

R21:35:39 - 19 Nov 2018 [UTC]

if there are so many margin calls on the exchange and nobody ever buys them, and then the price will go back up, does that mean that those accounts being liquidated are essentialy not liquidated? they will not lose their holdings

Mike Jefferson221:35:59 - 19 Nov 2018 [UTC]

yes

Crypto Kong21:36:11 - 19 Nov 2018 [UTC]

correct

Alex M - clockwork21:36:28 - 19 Nov 2018 [UTC]

yep

Crypto Kong21:36:32 - 19 Nov 2018 [UTC]

so if you wanna buy bts buy it on a cex and help everyone out lol

Omar21:36:33 - 19 Nov 2018 [UTC]

Cryptokong123

top left click on cny, takes you to the asset page

On bitCNY I see a long list of margin called in red.

nutela21:36:49 - 19 Nov 2018 [UTC]

Mike Jefferson2

No you should’t go to such a court because you are not invited, your strawman is.

Alex M - clockwork21:36:50 - 19 Nov 2018 [UTC]

paathi

On bitCNY I see a long list of margin called in red.

add them up :)

Crypto Kong21:37:06 - 19 Nov 2018 [UTC]

or just look at the big yellow margin order on the order book

Mike Jefferson221:37:10 - 19 Nov 2018 [UTC]

its by law not an individual but has by law the same rights as a company.So should bitshares get any trouble the foundation can move against any government into commerical court where (and thats the important thing) both rights has the same value

Alex M - clockwork21:37:30 - 19 Nov 2018 [UTC]

nut3l4

No you should’t go to such a court because you are not invited, your strawman is. Maybe you learn a lot 😉

true...if you have somewhere to go with no extradition laws

Omar21:37:36 - 19 Nov 2018 [UTC]

Cryptokong123

so if you wanna buy bts buy it on a cex and help everyone out lol

I already had to buy some. Will by more if we drop under 1100 Satoshis.

Alex M - clockwork21:37:40 - 19 Nov 2018 [UTC]

jurisdiction is not a matter of citizenchip

Alex M - clockwork21:37:56 - 19 Nov 2018 [UTC]

I can't kill someone in the US and claim it's legal in my country

Mike Jefferson221:37:59 - 19 Nov 2018 [UTC]

nut3l4

No you should’t go to such a court because you are not invited, your strawman is. Maybe you learn a lot 😉

you are the represent of your strawmen.Do you have an ID ?Is is still valid ?So you act as your strawmen

Alexender furtk21:38:15 - 19 Nov 2018 [UTC]

Amina umar: Hi, Welcome to Bitinvesti You earn up to 50% profit on your investments here. Get started at https://bitinvesti.com

nutela21:38:22 - 19 Nov 2018 [UTC]

clockworkgr

true...if you have somewhere to go with no extradition laws

No man, they made a person - corporation out of your name, learn the facts.

R21:38:37 - 19 Nov 2018 [UTC]

personally, i would be margin called at 0.42 CNY/BTS, but I see many of the big players have calls at 0.59 CNY/BTS which are too big to be bought. so if nobody will buy all those big orders, even if I get margin called there is a low chance for me to be liquidated. right?

Crypto Kong21:38:53 - 19 Nov 2018 [UTC]

correct

Mike Jefferson221:39:08 - 19 Nov 2018 [UTC]

clockworkgr

jurisdiction is not a matter of citizenship

you can't because the natural law applies here. Bitshares foundation applies under UCC

nutela21:39:14 - 19 Nov 2018 [UTC]

clockworkgr

I can't kill someone in the US and claim it's legal in my country

Read first, talk later.

Mike Jefferson221:39:17 - 19 Nov 2018 [UTC]

Uniform COmmercial Code

R21:39:39 - 19 Nov 2018 [UTC]

Cryptokong123

correct

thanks man. thus i shouldn't be panicking at the moment.

nutela21:39:39 - 19 Nov 2018 [UTC]

Mike Jefferson2

you can't because the natural law applies here. Bitshares foundation applies under UCC

Wut? They agreed voluntarily?

Alex M - clockwork21:39:59 - 19 Nov 2018 [UTC]

Mike Jefferson2

you can't because the natural law applies here. Bitshares foundation applies under UCC

i think we mixed up conversations here

nutela21:40:00 - 19 Nov 2018 [UTC]

Mike Jefferson2

Uniform COmmercial Code

Code is not law.

Mike Jefferson221:40:26 - 19 Nov 2018 [UTC]

You need to learn law nutela and the basics. Even freeman declare that natural law applies to them

Mike Jefferson221:40:35 - 19 Nov 2018 [UTC]

its the god given law

nutela21:40:45 - 19 Nov 2018 [UTC]

Mike Jefferson2

You need to learn law nutela and the basics. Even freeman declare that natural law applies to them

No man, you need to learn, I already did this.

Mike Jefferson221:41:24 - 19 Nov 2018 [UTC]

trust me you would get a lot of trouble in court with your half knowledge

nutela21:41:31 - 19 Nov 2018 [UTC]

I’m applying it to mulitple countries, so when you get there educate me.

nutela21:42:18 - 19 Nov 2018 [UTC]

Mike Jefferson2

trust me you would get a lot of trouble in court with your half knowledge

You keep repeating the same mistakes, there is not __one__ court, look at the fringes on the flag.

Alex M - clockwork21:42:23 - 19 Nov 2018 [UTC]

Mike what do you mean by "Bitshares foundation applies under UCC"

Alex M - clockwork21:42:44 - 19 Nov 2018 [UTC]

i think we've mixed conversations

nutela21:42:46 - 19 Nov 2018 [UTC]

You decline the offer to go to court, it’s a contract.

Alex M - clockwork21:43:26 - 19 Nov 2018 [UTC]

what i was discussing with nutela was not bitshares related...just in general

nutela21:43:48 - 19 Nov 2018 [UTC]

Here, an example: http://www.annavonreitz.com/youroffertocontract.pdf

Alex M - clockwork21:43:54 - 19 Nov 2018 [UTC]

nut3l4

You decline the offer to go to court, it’s a contract.

are you suggesting youre not bound by laws?

nutela21:44:28 - 19 Nov 2018 [UTC]

clockworkgr

are you suggesting youre not bound by laws?

No I’m not, I’m saying the federal government is a contractor. A corporation

Crypto Kong21:44:44 - 19 Nov 2018 [UTC]

no one is bound by law... just open to enforcement of laws if caught 😜

Alex M - clockwork21:44:47 - 19 Nov 2018 [UTC]

nut3l4

No I’m not, I’m saying the federal government is a contractor. A corporation

what does the federal government have to do with CZ ?

nutela21:45:02 - 19 Nov 2018 [UTC]

clockworkgr

what does the federal government have to do with CZ ?

It works the same way here.

Mike Jefferson221:45:22 - 19 Nov 2018 [UTC]

UCC is the hidden from public law used for commercial . It has its basic from Vatican in arround 16th century which created a commercial law which all countries accepted.It was needed to be able to make global trading.That law was later updated to UCC Uniform Commercial Law. Since the US in Whasington or any other country now is only a cooperation they have the same rights under UCC against other companies.They are at the same level by law. No Master slave relationship

nutela21:45:40 - 19 Nov 2018 [UTC]

Everything regarding currency or money is handled by the same cronies. Same setup. They make a strawman or vessel with your name.

Mike Jefferson221:46:13 - 19 Nov 2018 [UTC]

nut3l4

You decline the offer to go to court, it’s a contract.

Its not you who goes but your strawmen. As soon as court send executive to your house and you tell them its not you but your strawmen you will see what will happen

nutela21:46:46 - 19 Nov 2018 [UTC]

Mike Jefferson2

Its not you who goes but your strawmen. As soon as court send executive to your house and you tell them its not you but your strawmen you will see what will happen

My strawman doesn’t live so how will he go there?

Alex M - clockwork21:47:10 - 19 Nov 2018 [UTC]

https://eraoflight.com/2018/02/11/anna-von-reitz-if-you-understand-nothing-else-ever-understand-this/

Mike Jefferson221:47:45 - 19 Nov 2018 [UTC]

you know i'm sorry i'm tired argumenting about it.I'm in this field since 2005 and if you want to choose your way you are free to do so. Just a fair warning...... think about your children

Alex M - clockwork21:47:53 - 19 Nov 2018 [UTC]

" If you volunteer to enter a Target store, you have to follow their rules inside their store, too, or their private security guards will keep you from running up and down the escalators."

Alex M - clockwork21:48:03 - 19 Nov 2018 [UTC]

so she says it herself

Mike Jefferson221:48:24 - 19 Nov 2018 [UTC]

clockworkgr

" If you volunteer to enter a Target store, you have to follow their rules inside their store, too, or their private security guards will keep you from running up and down the escalators."

Thats not correct

Alex M - clockwork21:48:32 - 19 Nov 2018 [UTC]

she says its not right and that you should rebel against it

nutela21:48:33 - 19 Nov 2018 [UTC]

Mike Jefferson2

you know i'm sorry i'm tired argumenting about it.I'm in this field since 2005 and if you want to choose your way you are free to do so. Just a fair warning...... think about your children

I don’t want to argue, I’m just here to defend BitShares from the SEC>

Mike Jefferson221:48:40 - 19 Nov 2018 [UTC]

your birth certificate is your strawmen

Mike Jefferson221:48:51 - 19 Nov 2018 [UTC]

you bring your birth certificate to the court

Alex M - clockwork21:48:52 - 19 Nov 2018 [UTC]

but that you HAVE to follow their law or face the consequenses

Alex M - clockwork21:49:04 - 19 Nov 2018 [UTC]

your opinion of "their" law notwithstanding

octomatic21:49:11 - 19 Nov 2018 [UTC]

just think of it : lightning networks are designing themselves with the option to run onion tor. why can't we?

Mike Jefferson221:49:16 - 19 Nov 2018 [UTC]

not when asking before that you won't accept their house rules when entering

nutela21:49:16 - 19 Nov 2018 [UTC]

clockworkgr

https://eraoflight.com/2018/02/11/anna-von-reitz-if-you-understand-nothing-else-ever-understand-this/

Why don’t you use the original source?

Alex M - clockwork21:49:33 - 19 Nov 2018 [UTC]

nut3l4

Why don’t you use the original source?

thats the one i found...

nutela21:49:45 - 19 Nov 2018 [UTC]

clockworkgr

but that you HAVE to follow their law or face the consequenses

It would mean it’s private property

Alex M - clockwork21:49:51 - 19 Nov 2018 [UTC]

was looking for a relevant passage of hers to what you were saying

nutela21:49:58 - 19 Nov 2018 [UTC]

clockworkgr

thats the one i found...

🤦‍♂️:D

nutela21:50:21 - 19 Nov 2018 [UTC]

clockworkgr

was looking for a relevant passage of hers to what you were saying

Take this one: http://www.annavonreitz.com/youroffertocontract.pdf

nutela21:51:04 - 19 Nov 2018 [UTC]

This one is good: http://www.annavonreitz.com/secondbase.pdf

Alex M - clockwork21:51:27 - 19 Nov 2018 [UTC]

still

Alex M - clockwork21:51:35 - 19 Nov 2018 [UTC]

dont see how this applies to CZ

Alex M - clockwork21:51:43 - 19 Nov 2018 [UTC]

cz is not a federation

Alex M - clockwork21:51:50 - 19 Nov 2018 [UTC]

it's a sovereign state in itself

Mike Jefferson221:52:23 - 19 Nov 2018 [UTC]

https://www.youtube.com/watch?v=zfwDjbZgLqI

Alex M - clockwork21:52:37 - 19 Nov 2018 [UTC]

anyway...

Mike Jefferson221:52:46 - 19 Nov 2018 [UTC]

@alex please delete it after 5 min as its not related to bitshares but i would like to show you reality

Alex M - clockwork21:52:52 - 19 Nov 2018 [UTC]

this is not really bitshares related and we're probably tiring

Crypto Kong21:53:29 - 19 Nov 2018 [UTC]

clockworkgr

this is not really bitshares related and we're probably tiring

its ok theres no bitshares folk left they all quit lol

Crypto Kong21:56:46 - 19 Nov 2018 [UTC]

https://twitter.com/SplinterTM/status/1064571104688246784

Crypto Kong21:57:03 - 19 Nov 2018 [UTC]

not quite a llama but you know... lol

Alexender furtk21:57:15 - 19 Nov 2018 [UTC]

Amina umar: Hi, Welcome to Bitinvesti You earn up to 50% profit on your investments here. Get started at https://bitinvesti.com

Alexender furtk21:57:32 - 19 Nov 2018 [UTC]

Amina umar: Hi, Welcome to Bitinvesti You earn up to 50% profit on your investments here. Get started at https://bitinvesti.com

Alex M - clockwork21:59:04 - 19 Nov 2018 [UTC]

Mike Jefferson2

@alex please delete it after 5 min as its not related to bitshares but i would like to show you reality

rofl

nutela21:59:28 - 19 Nov 2018 [UTC]

clockworkgr

it's a sovereign state in itself

No I don’t think so.. I’ve already won with my bank so…

nutela22:00:15 - 19 Nov 2018 [UTC]

Cryptokong123

its ok theres no bitshares folk left they all quit lol

Hahaha 😂

Mike Jefferson222:00:16 - 19 Nov 2018 [UTC]

courts are commercial courts

nutela22:00:25 - 19 Nov 2018 [UTC]

Mike Jefferson2

courts are commercial courts

All of them?

Mike Jefferson222:00:32 - 19 Nov 2018 [UTC]

all

Mike Jefferson222:00:42 - 19 Nov 2018 [UTC]

just with diffrent names and subjects

Mike Jefferson222:01:31 - 19 Nov 2018 [UTC]

civial court = for strawmens commercial court /UCC = companies,funds,foundations,countries

nutela22:01:50 - 19 Nov 2018 [UTC]

What about common law courts?

Mike Jefferson222:02:10 - 19 Nov 2018 [UTC]

show me one

nutela22:02:33 - 19 Nov 2018 [UTC]

Mike Jefferson2

show me one

Like IRL? 😂

Mike Jefferson222:02:56 - 19 Nov 2018 [UTC]

IRL?

nutela22:03:01 - 19 Nov 2018 [UTC]

Weren’t they all common law before a period?

nutela22:03:23 - 19 Nov 2018 [UTC]

Mike Jefferson2

IRL?

In real life

Mathew22:04:33 - 19 Nov 2018 [UTC]

clockworkgr

Fwiw...if USD makes it through this, we can all laugh at anyone claiming they have a more robust stablecoin

👆👆

Mike Jefferson222:04:36 - 19 Nov 2018 [UTC]

they were....... Just have a look at european countries like belgium,france,austria etc.... All people where citizens of a real country. Citizenship : Republique de Belgique Republique de France, Republik Oessterreich

Michael Keller22:04:50 - 19 Nov 2018 [UTC]

Hello

nutela22:06:15 - 19 Nov 2018 [UTC]

Mike Jefferson2

I think it’s from the 2nd WW.. or maybe first… Here she explains how to setup government: http://annavonreitz.com/ourgovvstheirgov.pdf

Mike Jefferson222:06:17 - 19 Nov 2018 [UTC]

now you got beglium,francaise,etc

nutela22:06:32 - 19 Nov 2018 [UTC]

What is a jural assembly? It is an unincorporated association of free men and women who organize in support of the public and organic law of these United States (the states holding the land jurisdiction) to enforce the same; they elect the local Assemblymen, for the townships and counties, and the county Assemblymen then meeting compose a state jural assembly.

Mike Jefferson222:07:04 - 19 Nov 2018 [UTC]

nut3l4

I think it’s from the 2nd WW.. or maybe first… Here she explains how to setup government: http://annavonreitz.com/ourgovvstheirgov.pdf

its not.WW1 Poland was a cooperation and after ww2 Germany till today

Dino Devon22:07:06 - 19 Nov 2018 [UTC]

so global settlement is going to be fun when it kills BTS

nutela22:07:43 - 19 Nov 2018 [UTC]

Mike Jefferson2

its not.WW1 Poland was a cooperation and after ww2 Germany till today

Because before it was Austrian-Hungarian empire

Mike Jefferson222:08:05 - 19 Nov 2018 [UTC]

DaleSatoshi1

so global settlement is going to be fun when it kills BTS

Am asking myself if global settlement wouldn't lead to a quick raise of price ? On the other hand it will surely create a lack of trust

Crypto Kong22:10:57 - 19 Nov 2018 [UTC]

Mike Jefferson2

Am asking myself if global settlement wouldn't lead to a quick raise of price ? On the other hand it will surely create a lack of trust

Why would it cause lack of trust? If GS didnt trigger when its supposed to that would cause lack of trust.

Crypto Kong22:11:29 - 19 Nov 2018 [UTC]

GS triggering before assets are under collateralised is a good thing

nutela22:11:38 - 19 Nov 2018 [UTC]

nut3l4

I think it’s from the 2nd WW.. or maybe first… Here she explains how to setup government: http://annavonreitz.com/ourgovvstheirgov.pdf

This one is real good Mike I encourage you to read it 👍 I’ve been reading them all the last few days..

nutela22:14:03 - 19 Nov 2018 [UTC]

private laws, called "statutes" and "regulations" and "codes” very interesting.

Mike Jefferson222:14:56 - 19 Nov 2018 [UTC]

Cryptokong123

Why would it cause lack of trust? If GS didnt trigger when its supposed to that would cause lack of trust.

I think a big part of the chinese community would leave

Crypto Kong22:16:47 - 19 Nov 2018 [UTC]

Well obviously everyone who has over margined would be upset...

Crypto Kong22:17:22 - 19 Nov 2018 [UTC]

But lets be honest... everyone is lucky that the way bitshares works there posotions arent closed instantlt

ahmed sersoub22:22:02 - 19 Nov 2018 [UTC]

I offer you a simplified explanation of this currency that has caught my attention recently. It is a 93% reliable company. This is a new payment network with a new currency created by previous PayPal partners called Initiative Q. Q is now free if you are invited by an existing member . The idea is that if millions of people join, Q can become a leading payment network, and according to known economic models, the value of the bonus will be around $ 20,000. Decreases the amount you keep each day, and each member has a limited number of invitations Do not worry about the link you only need to submit your name and e-mail and your site will be reserved by the way You can not register from the site directly You must register via registered link Who wants to register under my link link Send me your private Digital currencies are the future, so seize the opportunities before it is too late, as the developer has done before.

ahmed sersoub22:22:16 - 19 Nov 2018 [UTC]

https://initiativeq.com/invite/H4MQ3kC6X

nutela22:22:23 - 19 Nov 2018 [UTC]

So… Dear SEC: “Federal Law Enforcement Personnel--- except U.S. Marshals: Your status is that of a Mall Cop acting outside the Mall. You have no authority on the land jurisdiction of the Continental United States.”

Mathew22:22:31 - 19 Nov 2018 [UTC]

Cryptokong123

Why would it cause lack of trust? If GS didnt trigger when its supposed to that would cause lack of trust.

It would undermine bitUSD and bitCNY - it doesn't represent a failure of them, it's them doing what they should do in a really extreme market but it's not what people want when getting a stablecoin

Mathew22:23:24 - 19 Nov 2018 [UTC]

I think it would set us back - let's squeeze through this and really it underlines how robust the approach is

Crypto Kong22:28:25 - 19 Nov 2018 [UTC]

Personally i dont think it would set us back cos no one fucking knows about bitshares lol

Alex M - clockwork22:28:42 - 19 Nov 2018 [UTC]

Bitusd is a dex only asset

Alex M - clockwork22:28:53 - 19 Nov 2018 [UTC]

If cny gsd

Alex M - clockwork22:28:59 - 19 Nov 2018 [UTC]

Different stoey

Alex M - clockwork22:29:02 - 19 Nov 2018 [UTC]

Story

Crypto Kong22:30:33 - 19 Nov 2018 [UTC]

Is there plans for the gs changes anytime soon so gs happens on overall ratio? Rather than lowest

Crypto Kong22:30:53 - 19 Nov 2018 [UTC]

Or is it still just an idea?

Alex M - clockwork22:31:03 - 19 Nov 2018 [UTC]

Idea

Crypto Kong22:31:14 - 19 Nov 2018 [UTC]

Shame

Alex M - clockwork22:31:17 - 19 Nov 2018 [UTC]

Still unsure how to deal with those positions

Alex M - clockwork22:31:32 - 19 Nov 2018 [UTC]

Can't let em off the hook

Crypto Kong22:31:47 - 19 Nov 2018 [UTC]

Hmm

Dino Devon22:32:06 - 19 Nov 2018 [UTC]

timeout

Dino Devon22:32:14 - 19 Nov 2018 [UTC]

*put them in timeout

Dino Devon22:32:22 - 19 Nov 2018 [UTC]

and tell them how naughty they have been

Omar22:32:31 - 19 Nov 2018 [UTC]

Could bts team be working on some sort of AI in future to make it "next level" crypto?

Crypto Kong22:33:10 - 19 Nov 2018 [UTC]

clockworkgr

Still unsure how to deal with those positions

Could they be auto force settled

ahmed sersoub22:36:53 - 19 Nov 2018 [UTC]

Alex M - clockwork22:36:56 - 19 Nov 2018 [UTC]

Cryptokong123

Could they be auto force settled

with what funds?

Crypto Kong22:37:50 - 19 Nov 2018 [UTC]

Oh right yeah

Crypto Kong22:38:16 - 19 Nov 2018 [UTC]

Think its bed time for me brains not working

Crypto Kong22:38:19 - 19 Nov 2018 [UTC]

Lol

Crypto Kong22:38:27 - 19 Nov 2018 [UTC]

Later peeps 👍

Alex M - clockwork22:38:35 - 19 Nov 2018 [UTC]

only idea would be to rip their entire collateral at a penalty

Mathew22:38:37 - 19 Nov 2018 [UTC]

clockworkgr

Still unsure how to deal with those positions

There should be some transfer from low collateral positions to high collateral positions in my view, i.e. reward those 'keeping it afloat'

Alex M - clockwork22:38:43 - 19 Nov 2018 [UTC]

like at 1.2-1.3

Alex M - clockwork22:39:05 - 19 Nov 2018 [UTC]

add it to a common position under a decentralised account

Alex M - clockwork22:39:12 - 19 Nov 2018 [UTC]

similar to what abit suggested

Alex M - clockwork22:39:25 - 19 Nov 2018 [UTC]

not very fair

Alex M - clockwork22:39:31 - 19 Nov 2018 [UTC]

but gets the job done

Mathew22:40:15 - 19 Nov 2018 [UTC]

I'm not that bothered about punishing people margining as we need more bitUSD etc long term...I'd be happy with it being 1:1 if we had some working overall mechanism

Alex M - clockwork22:40:46 - 19 Nov 2018 [UTC]

matle85

I'm not that bothered about punishing people margining as we need more bitUSD etc long term...I'd be happy with it being 1:1 if we had some working overall mechanism

see abit's response to your idea here: https://bitsharestalk.org/index.php?topic=27273.msg323306#msg323306

Mathew22:40:51 - 19 Nov 2018 [UTC]

I.e. they lose out and their BTS and it gets transferred to the people letting them play it that close to the line

Alex M - clockwork22:40:53 - 19 Nov 2018 [UTC]

someone else had already mentioned it

nutela22:41:29 - 19 Nov 2018 [UTC]

clockworkgr

Which is a made up common law court

http://annavonreitz.com/judgeanna.pdf

nutela22:42:11 - 19 Nov 2018 [UTC]

I am a Judge of the actual Alaska State, one of the Several States of the Continental United States. I occupy the actual public office and operate the actual Alaska State Superior Court.

Mathew22:42:15 - 19 Nov 2018 [UTC]

I'll read through those properly tomorrow and see if I have anything new to add

Mathew22:42:34 - 19 Nov 2018 [UTC]

clockworkgr

see abit's response to your idea here: https://bitsharestalk.org/index.php?topic=27273.msg323306#msg323306

I'll read through those properly tomorrow and see if I have anything new to add

Mathew22:42:55 - 19 Nov 2018 [UTC]

Probably not but who knows 😉

Alex M - clockwork22:45:34 - 19 Nov 2018 [UTC]

nut3l4

I am a Judge of the actual Alaska State, one of the Several States of the Continental United States. I occupy the actual public office and operate the actual Alaska State Superior Court.

again this is self-proclaimed

nutela22:46:01 - 19 Nov 2018 [UTC]

clockworkgr

again this is self-proclaimed

How do you know?

nutela22:46:25 - 19 Nov 2018 [UTC]

I think it’s the other way around.

nutela22:47:44 - 19 Nov 2018 [UTC]

“Members of the BAR cannot be judges, or hold public office..”

Alex M - clockwork22:48:06 - 19 Nov 2018 [UTC]

this is the same as you claiming you are the Judge of the superior court of CZ

Alex M - clockwork22:48:27 - 19 Nov 2018 [UTC]

if you dotn see anything wrong with that

Alex M - clockwork22:48:29 - 19 Nov 2018 [UTC]

cant help

nutela22:48:37 - 19 Nov 2018 [UTC]

clockworkgr

this is the same as you claiming you are the Judge of the superior court of CZ

Proof?

Dino Devon22:48:43 - 19 Nov 2018 [UTC]

there is an idea

Alex M - clockwork22:48:50 - 19 Nov 2018 [UTC]

what do you mean proof?

nutela22:49:05 - 19 Nov 2018 [UTC]

clockworkgr

what do you mean proof?

You are just making stuff up.

Dino Devon22:49:08 - 19 Nov 2018 [UTC]

"like at 1.2-1.3 add it to a common position under a decentralised account similar to what abit suggested not very fair but gets the job done"

Alex M - clockwork22:49:50 - 19 Nov 2018 [UTC]

who exactly assigned her that role if it's not self-proclaimed?

nutela22:50:13 - 19 Nov 2018 [UTC]

clockworkgr

who exactly assigned her that role if it's not self-proclaimed?

You claimed to know it so why are you asking me?

Mike Jefferson222:51:56 - 19 Nov 2018 [UTC]

nut3l4

You claimed to know it so why are you asking me?

because judge is a licensed description same as doctor

nutela22:52:29 - 19 Nov 2018 [UTC]

Mike Jefferson2

because judge is a licensed description same as doctor

Licensed? We are talking about public office.

Mike Jefferson222:52:39 - 19 Nov 2018 [UTC]

you should keep studing cause you have a big lack and acting like you know the answer where i can assure you you didn't even touched the iceberg

Jane karen22:52:39 - 19 Nov 2018 [UTC]

Bitcoin is now down more than 30 percent since last Thanksgiving, when it gained household-name status and became a common topic around dinner tables.

Mike Jefferson222:52:46 - 19 Nov 2018 [UTC]

and ?

nutela22:53:00 - 19 Nov 2018 [UTC]

Mike Jefferson2

you should keep studing cause you have a big lack and acting like you know the answer where i can assure you you didn't even touched the iceberg

Talk about yourself.

Alex M - clockwork22:53:00 - 19 Nov 2018 [UTC]

nut3l4

Licensed? We are talking about public office.

what public exactly...thats my question

Mike Jefferson222:53:08 - 19 Nov 2018 [UTC]

just because you have been brainwashed about meanings of words dosn't mean these have the same meaning as your understanding

Mike Jefferson222:53:18 - 19 Nov 2018 [UTC]

do you know the meaning of drive?

Mike Jefferson222:53:24 - 19 Nov 2018 [UTC]

"drive"

nutela22:53:25 - 19 Nov 2018 [UTC]

Mike Jefferson2

just because you have been brainwashed about meanings of words dosn't mean these have the same meaning as your understanding

Talk about yourself

nutela22:53:39 - 19 Nov 2018 [UTC]

I’ve given enough evidence, you none

Mike Jefferson222:53:50 - 19 Nov 2018 [UTC]

tell me the meaning of the word "drive"

Mike Jefferson222:54:15 - 19 Nov 2018 [UTC]

you didn't gave anything just a poor pdf file of a con artist and nothing more

Mike Jefferson222:54:26 - 19 Nov 2018 [UTC]

no real laws no practise no nothing

nutela22:54:28 - 19 Nov 2018 [UTC]

Mike Jefferson2

you didn't gave anything just a poor pdf file of a con artist and nothing more

Your a conartist yourself

Mike Jefferson222:54:41 - 19 Nov 2018 [UTC]

explain the meanig drive

nutela22:54:44 - 19 Nov 2018 [UTC]

Claiming your pet theory

Mike Jefferson222:54:45 - 19 Nov 2018 [UTC]

"drive"

nutela22:54:58 - 19 Nov 2018 [UTC]

Drive yourself

Mike Jefferson222:55:01 - 19 Nov 2018 [UTC]

lol

Mike Jefferson222:55:16 - 19 Nov 2018 [UTC]

how you wanna argue if you don't even now the real meaning of a word

nutela22:56:03 - 19 Nov 2018 [UTC]

Mike Jefferson2

how you wanna argue if you don't even know the real meaning of a word

Are you seriously getting into this? Who are you? Where do you come from?

Mike Jefferson222:56:40 - 19 Nov 2018 [UTC]

so difficult what the meaning of the word "drive" is ?

nutela22:56:43 - 19 Nov 2018 [UTC]

I’ve stated where I’m from, I’ve written on Steem under the same nickname. I’ve seen nothing from you, not a single reference.

Mike Jefferson222:56:53 - 19 Nov 2018 [UTC]

It will you instantly explain your questions about doctor and judge

Mike Jefferson222:57:04 - 19 Nov 2018 [UTC]

on STEEM LOL

Mike Jefferson222:57:09 - 19 Nov 2018 [UTC]

o fucking goodness

Mike Jefferson222:57:12 - 19 Nov 2018 [UTC]

biggest joke ever

Jordyn Arellano22:57:13 - 19 Nov 2018 [UTC]

Mike Jefferson2

so difficult what the meaning of the word "drive" is ?

drive?

Mike Jefferson222:57:19 - 19 Nov 2018 [UTC]

yes drive

Alex M - clockwork22:57:22 - 19 Nov 2018 [UTC]

i think we should stop here

Mike Jefferson222:57:26 - 19 Nov 2018 [UTC]

what meaning has that word in court

Alex M - clockwork22:57:26 - 19 Nov 2018 [UTC]

not bitshares related

nutela22:57:28 - 19 Nov 2018 [UTC]

I think so too

Alex M - clockwork22:57:36 - 19 Nov 2018 [UTC]

noone else cares

Alex M - clockwork22:57:48 - 19 Nov 2018 [UTC]

doutb we'll convince each other of anything

Alex M - clockwork22:58:05 - 19 Nov 2018 [UTC]

so lets drop it

nutela22:59:01 - 19 Nov 2018 [UTC]

At least I don’t have to be affraid of the SEC or any centralized exchange.

nutela22:59:39 - 19 Nov 2018 [UTC]

Or I can educate a ‘legal’ spokes person. And Mike can teach her to drive 😂

nutela23:06:05 - 19 Nov 2018 [UTC]

Mike Jefferson2

because judge is a licensed description same as doctor

Such dumb arguments.. http://annavonreitz.com/lastmanstanding.pdf

nutela23:06:29 - 19 Nov 2018 [UTC]

Arguing with idiots…

nutela23:09:19 - 19 Nov 2018 [UTC]

Clearly says that judges are elected 👆

Dino Devon23:18:30 - 19 Nov 2018 [UTC]

whats up with the committee account getting margin called?

Dino Devon23:18:41 - 19 Nov 2018 [UTC]

seems a bit odd or irresponsible with committee money

Mike Jefferson223:20:57 - 19 Nov 2018 [UTC]

DaleSatoshi1

seems a bit odd or irresponsible with committee money

👍

Alex M - clockwork23:24:06 - 19 Nov 2018 [UTC]

at this point i'd like to mention that considering what is going on in the markets, we're doing quite well

Alex M - clockwork23:24:15 - 19 Nov 2018 [UTC]

actually rising in market cap position

nutela23:25:33 - 19 Nov 2018 [UTC]

Wut?

Alex M - clockwork23:25:46 - 19 Nov 2018 [UTC]

nut3l4

Wut?

we're not falling as much as everyone else

Alex M - clockwork23:25:59 - 19 Nov 2018 [UTC]

nutela23:26:25 - 19 Nov 2018 [UTC]

CMC still 34th place

Alex M - clockwork23:26:34 - 19 Nov 2018 [UTC]

nut3l4

CMC still 34th place

were 36th yesterday

nutela23:26:37 - 19 Nov 2018 [UTC]

Wow, Steem 45

Alex M - clockwork23:26:42 - 19 Nov 2018 [UTC]

35th a couple of hrs ago

nutela23:26:49 - 19 Nov 2018 [UTC]

clockworkgr

were 36th yesterday

Yeah I was wondering...

Mike Jefferson223:26:54 - 19 Nov 2018 [UTC]

clockworkgr

at this point i'd like to mention that considering what is going on in the markets, we're doing quite well

Bitshares could be top 20 if the commitee would do their job well. Now we are fearing a GS

Mike Jefferson223:28:08 - 19 Nov 2018 [UTC]

Would the OMO fund be used properly,BSIP42 not killing every margin call being eaten ,and some decent marketing we would be TOP20 which would be the best possible position to start a new bull

Mike Jefferson223:30:46 - 19 Nov 2018 [UTC]

The result of being so near a GS is caused by BSIP42 and its time the commitee accepts it

Alex M - clockwork23:32:20 - 19 Nov 2018 [UTC]

still not convinced it would be that much different without it judging by earlier drops

Alex M - clockwork23:32:29 - 19 Nov 2018 [UTC]

but i can accept it could be

Mike Jefferson223:32:34 - 19 Nov 2018 [UTC]

the CR would be way higher than now

Mike Jefferson223:32:45 - 19 Nov 2018 [UTC]

no margin has been eaten from 0.62 to 0.4

Alex M - clockwork23:32:54 - 19 Nov 2018 [UTC]

but more importantly committee has nothing to do with it

Alex M - clockwork23:33:27 - 19 Nov 2018 [UTC]

individual members in their proxy capacity possibly

Mike Jefferson223:33:36 - 19 Nov 2018 [UTC]

it could step forward and demand change

Alex M - clockwork23:33:39 - 19 Nov 2018 [UTC]

but not a committee issue as such

Mike Jefferson223:33:44 - 19 Nov 2018 [UTC]

seeing the risk involved

Mike Jefferson223:34:12 - 19 Nov 2018 [UTC]

expecially in a bearish market where it was proofen at the beginning that no margin are being eaten when moving down

Alex M - clockwork23:34:12 - 19 Nov 2018 [UTC]

we have no such authority....

Mike Jefferson223:34:31 - 19 Nov 2018 [UTC]

you have authority to the community.People are listening your voices

Alex M - clockwork23:34:40 - 19 Nov 2018 [UTC]

no theyre not

Alex M - clockwork23:34:45 - 19 Nov 2018 [UTC]

we're glorified janiotrs

Alex M - clockwork23:34:53 - 19 Nov 2018 [UTC]

in fact people tend to blame us for everything

Alex M - clockwork23:35:00 - 19 Nov 2018 [UTC]

listenign is in fact the one thing they DONT do

Mike Jefferson223:36:06 - 19 Nov 2018 [UTC]

Probably bottom could be $4300-4400.I would recommend to somehow increase the CR as we could have luck if BTS won't fall to much.

Alex M - clockwork23:36:43 - 19 Nov 2018 [UTC]

btw

Alex M - clockwork23:36:56 - 19 Nov 2018 [UTC]

assuming mcr bug is fixed

Alex M - clockwork23:37:05 - 19 Nov 2018 [UTC]

and feed prices go back to normal

Alex M - clockwork23:37:40 - 19 Nov 2018 [UTC]

i know you're not a fan of adjusting MCR either as it is unpredictable for margin holders

Alex M - clockwork23:37:55 - 19 Nov 2018 [UTC]

but what if we give it a range?

Alex M - clockwork23:38:08 - 19 Nov 2018 [UTC]

say between 1.5 and 2 ?

Alex M - clockwork23:38:16 - 19 Nov 2018 [UTC]

so if you keep it over 2...youre safe

Alex M - clockwork23:38:23 - 19 Nov 2018 [UTC]

same as if keeping it over 1.75

Mike Jefferson223:38:41 - 19 Nov 2018 [UTC]

its simple if i know the border of dynamic MCR i will take collateral minimum 1.75 + the dynanic borders.This way i will be always safe

Alex M - clockwork23:38:56 - 19 Nov 2018 [UTC]

combined with the mssrt that should give is enough space to move and keep a tight peg

Mike Jefferson223:38:58 - 19 Nov 2018 [UTC]

yes thats a good solution

Alex M - clockwork23:39:14 - 19 Nov 2018 [UTC]

whiole still remaining somewhat predictable

Alex M - clockwork23:39:19 - 19 Nov 2018 [UTC]

(knowing over 2 is safe)

Alex M - clockwork23:39:43 - 19 Nov 2018 [UTC]

ok thnx

Dino Devon23:40:41 - 19 Nov 2018 [UTC]

I think bump the minimum up to 2 instead of 1.75

Dino Devon23:40:45 - 19 Nov 2018 [UTC]

maybe even 2.5

Alex M - clockwork23:41:07 - 19 Nov 2018 [UTC]

DaleSatoshi1

I think bump the minimum up to 2 instead of 1.75

we're talking about having it dynamic to keep a tighter peg

Dino Devon23:41:10 - 19 Nov 2018 [UTC]

until the market and industry matures....nobody has any business margin borrowing below 2 anyway

Alex M - clockwork23:41:13 - 19 Nov 2018 [UTC]

exact range TBD

Dino Devon23:41:21 - 19 Nov 2018 [UTC]

That is a good idea

Dino Devon23:41:56 - 19 Nov 2018 [UTC]

gotta go higher than 1.75 though imo

Alex M - clockwork23:42:26 - 19 Nov 2018 [UTC]

DaleSatoshi1

gotta go higher than 1.75 though imo

we''ve technically had to go lower to keep the peg in CNY

Alex M - clockwork23:42:39 - 19 Nov 2018 [UTC]

but yeah

Alex M - clockwork23:42:46 - 19 Nov 2018 [UTC]

centerpoint could be higher than 1.75

Mike Jefferson223:43:08 - 19 Nov 2018 [UTC]

another thing but i don't know how to do it is getting trust back of user to create collateral.I'm pretty sure a lot of bitshares members myself included have liquidated their collateral in fear of the black swan.Would they somehow know their collateral will be safe i think only this would lead people to buy massivly BTS with new created collateral

Alex M - clockwork23:43:44 - 19 Nov 2018 [UTC]

Mike Jefferson2

this has to do with finding a solution for individual positions of reckless shorters

Mike Jefferson223:44:15 - 19 Nov 2018 [UTC]

i mean as solution to prevent a black swan event

Alex M - clockwork23:44:19 - 19 Nov 2018 [UTC]

the hwole idea that s single tiny badly collateralised position can take out the entire asset is stupid

Dino Devon23:44:35 - 19 Nov 2018 [UTC]

Getting smartcoins running smoothly before launching them on cryptobridge is a must

Dino Devon23:44:58 - 19 Nov 2018 [UTC]

Or is maybe why cryptobridge doesn't directly support yet on their website

Mike Jefferson223:45:00 - 19 Nov 2018 [UTC]

I fear a black swan event might be more harmfull to all BTS holders than making an one time execption in the promise

Alex M - clockwork23:45:18 - 19 Nov 2018 [UTC]

Mike Jefferson2

I fear a black swan event might be more harmfull to all BTS holders than making a one time execption in the promise

not sure...maybe in the past

Alex M - clockwork23:45:28 - 19 Nov 2018 [UTC]

current system is much more flexible

Mike Jefferson223:45:46 - 19 Nov 2018 [UTC]

but what will happen with volume ?

Alex M - clockwork23:45:51 - 19 Nov 2018 [UTC]

hell...bitGOLD has been black swanned for a few months and is actually trading at a premium to gold :P

Dino Devon23:46:29 - 19 Nov 2018 [UTC]

yeah, that needs to be better displayed

Mike Jefferson223:46:33 - 19 Nov 2018 [UTC]

clockworkgr

hell...bitGOLD has been black swanned for a few months and is actually trading at a premium to gold :P

because people don't know it has black swanned and its volume also decreased

Dino Devon23:46:40 - 19 Nov 2018 [UTC]

People don't realize its been black swaned

Dino Devon23:47:02 - 19 Nov 2018 [UTC]

just like I didn't realize bitBTC was either and it cost me $500

Alex M - clockwork23:47:12 - 19 Nov 2018 [UTC]

i guess it has to do with belief in BTS

Alex M - clockwork23:47:35 - 19 Nov 2018 [UTC]

if you believe BTS will recover...you also know those assets will be revived as price rises

Dino Devon23:47:45 - 19 Nov 2018 [UTC]

Need stan to launch BEOS now more than ever, get some BTS locked up for rainfal

Mike Jefferson223:48:25 - 19 Nov 2018 [UTC]

i mean if the amount is correct of the chinese guy that 800 million BTS will get burned than this also means that bitshares will have a lack of 800 million BTS creating new debt which leads to a quicker price increase.....

Mike Jefferson223:48:33 - 19 Nov 2018 [UTC]

DaleSatoshi1

Need stan to launch BEOS now more than ever, get some BTS locked up for rainfal

when is rainfal planned?

Mike Jefferson223:51:34 - 19 Nov 2018 [UTC]

I really am not a fan of bitcrab but for the good of bitshares i personly would agree for a single time to allow a CR <1 . But thats just my personal opinion

Dino Devon23:51:37 - 19 Nov 2018 [UTC]

it was planned for 11/5 start 11/15 launch...then Stan got sick

Dino Devon23:51:40 - 19 Nov 2018 [UTC]

now postponed

Alex M - clockwork23:51:50 - 19 Nov 2018 [UTC]

Mike Jefferson2

number is incorrect

Alex M - clockwork23:52:08 - 19 Nov 2018 [UTC]

and it doesnt get burned

Alex M - clockwork23:52:17 - 19 Nov 2018 [UTC]

it's added to the settlement fund

Alex M - clockwork23:52:44 - 19 Nov 2018 [UTC]

people can choose to settle at that price

Alex M - clockwork23:53:16 - 19 Nov 2018 [UTC]

or wait till price rises enough for the settlement fund to be neough to 1.75x collateralise the circulating bitasset

Dino Devon23:53:19 - 19 Nov 2018 [UTC]

BTS will be a nicer place without gamma-rabbit looks like he is down to about half as many bts

Alex M - clockwork23:54:52 - 19 Nov 2018 [UTC]

btw

Alex M - clockwork23:55:05 - 19 Nov 2018 [UTC]

anyone who is still unclear on the exact mechanics of GS

Alex M - clockwork23:55:08 - 19 Nov 2018 [UTC]

should read this

Alex M - clockwork23:55:10 - 19 Nov 2018 [UTC]

https://steemit.com/bitshares/@haruka/detailed-mechanism-of-global-settlement-black-swan-and-reviving-of-bitassets

Alex M - clockwork23:55:25 - 19 Nov 2018 [UTC]

because there seems to be a lot of misinformation there

Tylor Willson00:16:49 - 20 Nov 2018 [UTC]

Hello house

Tylor Willson00:17:50 - 20 Nov 2018 [UTC]

If you wanna mine your bitcoin inbox me let's move to business..... No scam

Stefan00:23:12 - 20 Nov 2018 [UTC]

Anyone checked how Maker's stable coin is handling the drop?

Alex M - clockwork00:24:25 - 20 Nov 2018 [UTC]

sschiessl

Anyone checked how Maker's stable coin is handling the drop?

Haven't checked

Alex M - clockwork00:24:35 - 20 Nov 2018 [UTC]

But their system is more robust

Alex M - clockwork00:24:52 - 20 Nov 2018 [UTC]

Admittedly eth is in an even worse state than us

Dino Devon00:28:04 - 20 Nov 2018 [UTC]

DAI is doing fine

Dino Devon00:28:16 - 20 Nov 2018 [UTC]

Think its only had to liquidate $.5 Million

Dino Devon00:28:58 - 20 Nov 2018 [UTC]

I still like that systems 13% liquidation fee

Dino Devon00:29:11 - 20 Nov 2018 [UTC]

and APR fee

Stefan00:29:49 - 20 Nov 2018 [UTC]

clockworkgr

But their system is more robust

What's different?

Dino Devon00:29:52 - 20 Nov 2018 [UTC]

but I guess APR only necessary because MKR not native token

Dino Devon00:30:19 - 20 Nov 2018 [UTC]

ETH has 1+ Billion trading volume

Alex M - clockwork00:30:23 - 20 Nov 2018 [UTC]

sschiessl

What's different?

well ...here parameters are set by witnesses

Alex M - clockwork00:30:40 - 20 Nov 2018 [UTC]

in DAI theyre set by MKR holders

Dino Devon00:30:54 - 20 Nov 2018 [UTC]

MKR and even MKR token distribution still very centralized

Alex M - clockwork00:31:01 - 20 Nov 2018 [UTC]

you pay ETH to buy MKR

Alex M - clockwork00:31:06 - 20 Nov 2018 [UTC]

iirc

Alex M - clockwork00:31:26 - 20 Nov 2018 [UTC]

that eth is used as a last line of defnse buying back DAI to prevent GS

Alex M - clockwork00:31:49 - 20 Nov 2018 [UTC]

doesnt stop it...but does help

Ryan Josh Altman00:31:51 - 20 Nov 2018 [UTC]

Bitcoin is going Bears, if you wanna sell yours, pm me

Alex M - clockwork00:32:02 - 20 Nov 2018 [UTC]

also...if you fuck up the settings as a voter

Dino Devon00:32:02 - 20 Nov 2018 [UTC]

yeah, MKR inflation is price holders pay for not managing system well

Alex M - clockwork00:32:06 - 20 Nov 2018 [UTC]

you lose your eth :P

Ryan Josh Altman00:32:13 - 20 Nov 2018 [UTC]

Bitcoin is going Bears, if you wanna sell yours, pm me

Dino Devon00:32:19 - 20 Nov 2018 [UTC]

otherwise capped at 1M and burned as interest and liquidation penalties

Alex M - clockwork00:32:30 - 20 Nov 2018 [UTC]

shame rune left us :/

Dino Devon00:33:01 - 20 Nov 2018 [UTC]

was he working on BTS?

Alex M - clockwork00:33:06 - 20 Nov 2018 [UTC]

this is stuff he wanted to implement for bitassets

Alex M - clockwork00:33:13 - 20 Nov 2018 [UTC]

yeah

Alex M - clockwork00:33:53 - 20 Nov 2018 [UTC]

" So me and a lot of other people jumped on a project called BitShares, which had just invented the first stablecoin (bitUSD), using the very basic mechanics of crypto-collateralized stablecoins (i.e. deposit BitShares as collateral to create bitUSD). However, the BitShares projects stagnated for various reasons, and me and other developers and users decided to take the idea of BitShares and build it in Ethereum"

Dino Devon00:34:55 - 20 Nov 2018 [UTC]

oh yeah

Dino Devon00:34:59 - 20 Nov 2018 [UTC]

remember reading that somewhere

Dino Devon00:35:30 - 20 Nov 2018 [UTC]

Stan left as well because of governance confilct as well correct?

Alex M - clockwork00:35:36 - 20 Nov 2018 [UTC]

Cass who is also at maker iirc actually designed the bitshares logo

Alex M - clockwork00:35:51 - 20 Nov 2018 [UTC]

(or at least was at maker in their early days)

Dino Devon00:36:08 - 20 Nov 2018 [UTC]

its still a good project and useful today. underrated in that respect

Dino Devon00:36:42 - 20 Nov 2018 [UTC]

was way ahead of its time....now still kind of slow to get network effect anywhere close to that of ETH

Sirius00:38:05 - 20 Nov 2018 [UTC]

The Fenbushi guy can pull some strings

Dino Devon00:38:31 - 20 Nov 2018 [UTC]

Btcpop.co company I work for interested in using BTS as trading engine behind website

Alex M - clockwork00:39:09 - 20 Nov 2018 [UTC]

DaleSatoshi1

Btcpop.co company I work for interested in using BTS as trading engine behind website

interesting

Dino Devon00:39:15 - 20 Nov 2018 [UTC]

wouldn't be a Dex to start, but lead DEV is BTS fan and says he has few of the mechanics worked out...

Dino Devon00:39:47 - 20 Nov 2018 [UTC]

I think that could be a pretty cool avenue for Bitshares to go down...then eventually different exchanges could merge their order books

Dino Devon00:40:10 - 20 Nov 2018 [UTC]

or I arb bots between exchanges....something like that

Dino Devon00:41:14 - 20 Nov 2018 [UTC]

or normal exchanges able to open up order book and make a DEX

Stefan00:41:39 - 20 Nov 2018 [UTC]

DaleSatoshi1

I think that could be a pretty cool avenue for Bitshares to go down...then eventually different exchanges could merge their order books

Have a look at the Managed Vesting Balances BSIP https://steemit.com/bitshares/@sschiessl/bsip-draft-managed-vesting-balances-plus-savings-account-discussion-20181105t152833150z-post

Alex M - clockwork00:41:41 - 20 Nov 2018 [UTC]

tell him to have a look here https://github.com/blockchainprojects/bsips/blob/56_Managed_Vesting_Policies/bsip-0056.md

Alex M - clockwork00:41:47 - 20 Nov 2018 [UTC]

hahahaha

Stefan00:41:53 - 20 Nov 2018 [UTC]

😂

Alex M - clockwork00:41:54 - 20 Nov 2018 [UTC]

beat me by a ms

Dino Devon00:42:12 - 20 Nov 2018 [UTC]

cool, I will send that to him

Alex M - clockwork00:43:32 - 20 Nov 2018 [UTC]

feed price rising as bitusd demand grows

Alex M - clockwork00:43:52 - 20 Nov 2018 [UTC]

margin started shrinking (slightly)

Alex M - clockwork00:44:09 - 20 Nov 2018 [UTC]

if we pull this off we have the greatest stablecoin ever

Dino Devon00:44:33 - 20 Nov 2018 [UTC]

haha

Dino Devon00:45:10 - 20 Nov 2018 [UTC]

we need that 10% premium back...I would have sold all of my bitUSD by now back to the idiot that made them without enough collateral 😜

Sirius00:46:01 - 20 Nov 2018 [UTC]

This is by far one of the most active tg. Go to the bathroom and come back to see a lot has passed :)

Mike Jefferson200:47:58 - 20 Nov 2018 [UTC]

we i would be also for increasing MSSR to 112% so it will be at least at bottom of sell orders and slowly eaten instead always being 2-4 points above lowest sell order

Dino Devon00:50:06 - 20 Nov 2018 [UTC]

I think dumpers put their orders in front of margin call on purpose

Dino Devon00:50:15 - 20 Nov 2018 [UTC]

can't really prevent that

Quant Master02:12:52 - 20 Nov 2018 [UTC]

I do quantitative trading on a platform called FMZ Quant, but I have trouble connect it to this exchange, could someone tell me where is this exchange’s public API docs?

Omar05:38:46 - 20 Nov 2018 [UTC]

I keep adding new collateral baught via a cex but price keeps falling. What would a global settlement event would look like? 😣

螃蟹

螃蟹05:38:51 - 20 Nov 2018 [UTC]

Some of the assets are already black swans. What are we doing? Want to watch BTS die?

螃蟹

螃蟹05:39:40 - 20 Nov 2018 [UTC]

paathi

I keep adding new collateral baught via a cex but price keeps falling. What would a global settlement event would look like? 😣

zero

Omar05:41:15 - 20 Nov 2018 [UTC]

What can I do? I am just trying to survive. But a global settlement event would event would try to market sell everything? What if there are still no buyers?

Omar05:41:44 - 20 Nov 2018 [UTC]

That mean in practice we still might survive?

螃蟹

螃蟹05:49:25 - 20 Nov 2018 [UTC]

It is foolish to put hopes in the markets, and it is time for all stakeholders to unite.

Omar05:49:31 - 20 Nov 2018 [UTC]

Another strategy could be to set very low bids on some cex and hoping it would get filled in a black swan event. So you might still end up owning enough bts again.

Omar05:50:13 - 20 Nov 2018 [UTC]

finnbts

It is foolish to put hopes in the markets, and it is time for all stakeholders to unite.

Let's get united. What is asked of me as a bts holder?

螃蟹

螃蟹05:51:40 - 20 Nov 2018 [UTC]

paathi

Let's get united. What is asked of me as a bts holder?

Because someone was doing something bad, he wanted BTS to get worse or even collapse, but we didn't try to deal with it.

Omar05:53:31 - 20 Nov 2018 [UTC]

But what could we do now? Maybe it's too late.

螃蟹

螃蟹05:54:40 - 20 Nov 2018 [UTC]

paathi

Let's get united. What is asked of me as a bts holder?

Buy BTS, or BTS will die.

Bitsniper05:55:42 - 20 Nov 2018 [UTC]

Correct me if I am wrong but in a global settlement all bitusd get converted to bts at the U.S. price and what you owe in margin is taken.

Omar06:09:31 - 20 Nov 2018 [UTC]

finnbts

Buy BTS, or BTS will die.

But wouldn't global settlement price keep going down also in a falling market? So even if I add a lots of new collateral to my position to lower my margin call price.. Maybe that would not help if prices keeps falling towards zero.

Omar06:10:14 - 20 Nov 2018 [UTC]

That means everybody could get margin called in practice.

Fabian Schuh06:10:30 - 20 Nov 2018 [UTC]

paathi

What can I do? I am just trying to survive. But a global settlement event would event would try to market sell everything? What if there are still no buyers?

Guys, your understanding of a black swan is way off implementation

螃蟹

螃蟹06:10:56 - 20 Nov 2018 [UTC]

paathi

No I think we should try to push up the price of BTS

Fabian Schuh06:12:45 - 20 Nov 2018 [UTC]

Before a global settlement, a short position has debt and collateral supporting the debt. During global settlement, you lose just enough of your collateral to support your debt and you lose the debt. Ever BTS in collateral that comes additional to the 100% will be give back to you.

Fabian Schuh06:13:39 - 20 Nov 2018 [UTC]

The debt and supporting collateral will be migrated to the the issuer account.

Fabian Schuh06:14:35 - 20 Nov 2018 [UTC]

With BSIP18, the global settlement fund in the issuer account can autonatically revive the asset in case the price feed goes back up so that the available collateral reaches MCR

Fabian Schuh06:15:18 - 20 Nov 2018 [UTC]

Also, users can bid on the collateral and debt and thus obtain back their own position by providing the excess collateral.

Fabian Schuh06:16:02 - 20 Nov 2018 [UTC]

In the meantime, long positions (those with bitusd, bitcny) are unaffected and trading goeabon as usual.

Fabian Schuh06:16:27 - 20 Nov 2018 [UTC]

Borrowing and margin calls are disabled until the asset is revived

Lê Đức Hùng06:16:33 - 20 Nov 2018 [UTC]

thanks Xeroc !

Fabian Schuh06:16:44 - 20 Nov 2018 [UTC]

With that said, please stop panicing 😆

Bitsniper06:16:50 - 20 Nov 2018 [UTC]

Feed price needs to be pushed up.every one should buy bts on cex

Omar06:18:19 - 20 Nov 2018 [UTC]

xeroc

Also, users can bid on the collateral and debt and thus obtain back their own position by providing the excess collateral.

So we would get the chance and have enough time to add more collateral in an event of black swan?

Lê Đức Hùng06:19:40 - 20 Nov 2018 [UTC]

paathi

😆😆

Fabian Schuh06:20:19 - 20 Nov 2018 [UTC]

paathi

So we would get the chance and have enough time to add more collateral in an event of black swan?

Bidding only works AFTER a black swan

Fabian Schuh06:20:50 - 20 Nov 2018 [UTC]

The bidding system is meant to revive a bitasset without relying on the feed price to recover

螃蟹

螃蟹06:42:10 - 20 Nov 2018 [UTC]

Black swans cannot be accepted.

fav06:46:44 - 20 Nov 2018 [UTC]

Lol

fav06:46:50 - 20 Nov 2018 [UTC]

That's the point here

Crypto Kong07:00:34 - 20 Nov 2018 [UTC]

xeroc

With that said, please stop panicing 😆

Thanks man much appreciated, the community needed some clarity! Ive heard so many different interpretations previously! You should pin the first of these messages for others to refer to whilst markets are in this state 👍

Alex M - clockwork07:03:12 - 20 Nov 2018 [UTC]

also

Alex M - clockwork07:03:13 - 20 Nov 2018 [UTC]

https://steemit.com/bitshares/@haruka/detailed-mechanism-of-global-settlement-black-swan-and-reviving-of-bitassets

Joe, Son of Bob, Uncle to Tom07:05:47 - 20 Nov 2018 [UTC]

well done https://how.bitshares.works/en/latest/bts_holders/dex_short.html

Hana07:06:20 - 20 Nov 2018 [UTC]

Hola🤝🏻 Do you know you can mine your wallet having little as 25$ to 55$ in a sec to 95$ after 48 hours. Comment info for details

Alex M - clockwork07:06:28 - 20 Nov 2018 [UTC]

yesterday i realised a lot of people think that forced settlements are paid from the reserve pool

Alex M - clockwork07:06:51 - 20 Nov 2018 [UTC]

and not realising the bitasset system is a completely closed system

Mathew07:09:14 - 20 Nov 2018 [UTC]

Hmm not great that we are now down at 1.2

Mathew07:09:29 - 20 Nov 2018 [UTC]

And super depressing to see the committee account at the top of that

Crypto Kong07:09:42 - 20 Nov 2018 [UTC]

matle85

And super depressing to see the committee account at the top of that

😆

Slavi La Libertad07:09:45 - 20 Nov 2018 [UTC]

Need a better feed price, so GS price will be changed (lower).

Crypto Kong07:10:10 - 20 Nov 2018 [UTC]

Yes! More manipulation is the answer! Lol

Alex M - clockwork07:10:35 - 20 Nov 2018 [UTC]

memset

Need a better feed price, so GS price will be changed (lower).

noithing can change GS price

Slavi La Libertad07:10:57 - 20 Nov 2018 [UTC]

clockworkgr

noithing can change GS price

No, it was 0.054, now 0.0505

Mathew07:11:04 - 20 Nov 2018 [UTC]

clockworkgr

noithing can change GS price

Not true? People adding more collateral or exiting their margin

Mathew07:11:11 - 20 Nov 2018 [UTC]

I thought

Mathew07:11:14 - 20 Nov 2018 [UTC]

🤔

Alex M - clockwork07:11:23 - 20 Nov 2018 [UTC]

memset

No, it was 0.054, now 0.0505

nothing to do with manipulation...just margins beeing eaten * collaterals adjusted

Crypto Kong07:11:35 - 20 Nov 2018 [UTC]

matle85

I thought

Only the least collateralised position

Alex M - clockwork07:11:51 - 20 Nov 2018 [UTC]

matle85

Not true? People adding more collateral or exiting their margin

correct...my point is we cant manipulate that

Mathew07:12:08 - 20 Nov 2018 [UTC]

Oh yeah agree

Crypto Kong07:12:17 - 20 Nov 2018 [UTC]

Worker to give everyone free bts? Lol

Slavi La Libertad07:12:22 - 20 Nov 2018 [UTC]

clockworkgr

nothing to do with manipulation...just margins beeing eaten * collaterals adjusted

Yes, eaten... Now it cannot be eaten (high feed prices). So manipulations prevent GS price to be changed.

Mathew07:12:33 - 20 Nov 2018 [UTC]

1.2 is getting really too close for my liking

Alex M - clockwork07:12:59 - 20 Nov 2018 [UTC]

matle85

And super depressing to see the committee account at the top of that

omo fund was retired without the brice ever recovering....there is no collateral to add

Alex M - clockwork07:13:20 - 20 Nov 2018 [UTC]

memset

Yes, eaten... Now it cannot be eaten (high feed prices). So manipulations prevent GS price to be changed.

oh..dit it go off market again ?

Mathew07:13:36 - 20 Nov 2018 [UTC]

clockworkgr

omo fund was retired without the brice ever recovering....there is no collateral to add

So we are going to potentially GS ourselves using the committee account

Mathew07:13:47 - 20 Nov 2018 [UTC]

Uninspiring...

Crypto Kong07:13:49 - 20 Nov 2018 [UTC]

😂

Crypto Kong07:13:56 - 20 Nov 2018 [UTC]

A job well done

Alex M - clockwork07:14:08 - 20 Nov 2018 [UTC]

clockworkgr

oh..dit it go off market again ?

shit yeah...up to 5m now

Alex M - clockwork07:15:15 - 20 Nov 2018 [UTC]

and then you have the assholes that WANT a black swan

Crypto Kong07:15:20 - 20 Nov 2018 [UTC]

With regards to tge revival process? When does this happen?

Alex M - clockwork07:15:34 - 20 Nov 2018 [UTC]

Cryptokong123

With regards to the revival process? When does this happen?

price going up

Crypto Kong07:15:39 - 20 Nov 2018 [UTC]

Ah ok

Mathew07:15:43 - 20 Nov 2018 [UTC]

So the OMO what are we doing?

Alex M - clockwork07:15:47 - 20 Nov 2018 [UTC]

or if everyone settles their renmaining bitassets

Fabian Schuh07:15:51 - 20 Nov 2018 [UTC]

Cryptokong123

With regards to the revival process? When does this happen?

https://github.com/bitshares/bsips/blob/master/bsip-0018.md

Alex M - clockwork07:15:57 - 20 Nov 2018 [UTC]

or if enough collateral is bid

Mathew07:16:04 - 20 Nov 2018 [UTC]

matle85

So the OMO what are we doing?

Or what can we do?

Mathew07:16:31 - 20 Nov 2018 [UTC]

If we start selling cheap BTS with that account and it gets bought up

Crypto Kong07:16:40 - 20 Nov 2018 [UTC]

xeroc

https://github.com/bitshares/bsips/blob/master/bsip-0018.md

Thankyou i tried finding this yesterday but im terrible at navigating github

Mathew07:16:48 - 20 Nov 2018 [UTC]

Then it could drive the price lower on the dex

Mathew07:16:58 - 20 Nov 2018 [UTC]

But would reduce the global settlement price

Mathew07:17:07 - 20 Nov 2018 [UTC]

Which relies on external feeds anyway

Slavi La Libertad07:17:29 - 20 Nov 2018 [UTC]

matle85

Which relies on external feeds anyway

That's what I say.

Alex M - clockwork07:17:31 - 20 Nov 2018 [UTC]

matle85

Which relies on external feeds anyway

which is why certain individuals are dumping on binance et al trying to cause a black swan

Mathew07:18:50 - 20 Nov 2018 [UTC]

clockworkgr

which is why certain individuals are dumping on binance et al trying to cause a global settlement

Ok well there is nothing we can do to stop that. Main thing is to get the GS price lower

Alex M - clockwork07:19:15 - 20 Nov 2018 [UTC]

only way is to oversupply bitusd

Alex M - clockwork07:19:29 - 20 Nov 2018 [UTC]

thsi will cause a discount and feed price will be lowered

Alex M - clockwork07:19:40 - 20 Nov 2018 [UTC]

thus bringing margins in buying territory

Crypto Kong07:19:40 - 20 Nov 2018 [UTC]

With the bidding process (nice idea by the way) will you end up covering the same amount of debt as everyone lost in the GS?

Alex M - clockwork07:19:53 - 20 Nov 2018 [UTC]

but may also make GS more likely

Alex M - clockwork07:19:57 - 20 Nov 2018 [UTC]

double edged sword

Alex M - clockwork07:20:40 - 20 Nov 2018 [UTC]

if feed price stays up...we wont GS but margins wont get eaten

Alex M - clockwork07:21:05 - 20 Nov 2018 [UTC]

if feed price goes down.....margins will get eaten but GS more likely

Crypto Kong07:21:09 - 20 Nov 2018 [UTC]

Ie: if someone lost 20bts and cleared $1 of debt do you bid and cover at same rate?

Joe, Son of Bob, Uncle to Tom07:21:16 - 20 Nov 2018 [UTC]

What would happen if all price feeds were stopped for 24 hrs?

Mathew07:23:34 - 20 Nov 2018 [UTC]

clockworkgr

only way is to oversupply bitusd

You mean creating more bitUSD?

Mathew07:24:07 - 20 Nov 2018 [UTC]

I guess my thinking is what is in our power right now? We are down at 1.2 and the committee account can't add more collateral or anything

Alex M - clockwork07:24:20 - 20 Nov 2018 [UTC]

Yep

Alex M - clockwork07:24:54 - 20 Nov 2018 [UTC]

Settling bitasset works too

Mathew07:25:08 - 20 Nov 2018 [UTC]

So we have a couple of options: 1. Vote a worker in to add more collateral to that account and bring the call price down to less than 2c 2. Sell /settle BTS from that account at a loss

Alex M - clockwork07:25:11 - 20 Nov 2018 [UTC]

But will get a worse price than buying bts on dex

Mathew07:25:25 - 20 Nov 2018 [UTC]

clockworkgr

But will get a worse price than buying bts on dex

Sorry yeah I was working round to that

Alex M - clockwork07:25:27 - 20 Nov 2018 [UTC]

1. No time

Alex M - clockwork07:25:38 - 20 Nov 2018 [UTC]

2. No it's available

Alex M - clockwork07:25:43 - 20 Nov 2018 [UTC]

No bts

Mathew07:25:44 - 20 Nov 2018 [UTC]

What if the OMO account just clicks 'settle debt'

Alex M - clockwork07:25:55 - 20 Nov 2018 [UTC]

matle85

What if the OMO account just clicks 'settle debt'

With what?

Fabian Schuh07:26:15 - 20 Nov 2018 [UTC]

Cryptokong123

With the bidding process (nice idea by the way) will you end up covering the same amount of debt as everyone lost in the GS?

Its a bid ... the bids are evaluated every maintenance interval (every hour) .... if there are bids for all dollars in debt, *and* the smalles collateral ratio provided is > MCR, then the bids are executed ... if people compete for the debt, then those with highest collateral will have priority

Crypto Kong07:26:44 - 20 Nov 2018 [UTC]

xeroc

Oh i see, pretty cool thanks!

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