H
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Alex M - clockwork22:14:59 - 23 Nov 2018 [UTC]
guessing xeroc's USD denominated fees one
AM
Alex M - clockwork22:15:09 - 23 Nov 2018 [UTC]
SHITLOADS of work went into that one
R
R22:16:58 - 23 Nov 2018 [UTC]
clockworkgr
guessing xeroc's USD denominated fees one
https://raw.githubusercontent.com/BitShares-Committee/Instructions/master/usd-denominated-fees/config.py yeah this one, it's got some good ideas and justifications for fees
AM
Alex M - clockwork22:17:14 - 23 Nov 2018 [UTC]
cmmob
https://raw.githubusercontent.com/BitShares-Committee/Instructions/master/usd-denominated-fees/config.py yeah this one, it's got some good ideas and justifications for fees
it's the one currently in use
AM
Alex M - clockwork22:17:46 - 23 Nov 2018 [UTC]
and unfortunately it sets the level for quality of writeupo i have to do for my one :P
N
nutela22:33:03 - 23 Nov 2018 [UTC]
clockworkgr
I'm talking about a full full node
Full full full ๐
N
nutela22:33:30 - 23 Nov 2018 [UTC]
Does it have a sovereign legal service contract thingie? ๐
J
Joe22:40:10 - 23 Nov 2018 [UTC]
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Thom/as Freedman22:40:15 - 23 Nov 2018 [UTC]
I've never seen anything like "committee instructions" before this. I'm guessing this is a very old document as well.
Has anything like it been published more recently? I posed a similar question some time ago on the forum bit don't believe it was answered.
TF
Thom/as Freedman22:40:41 - 23 Nov 2018 [UTC]
cmmob
https://raw.githubusercontent.com/BitShares-Committee/Instructions/master/usd-denominated-fees/config.py yeah this one, it's got some good ideas and justifications for fees
I've never seen anything like "committee instructions" before this. I'm guessing this is a very old document as well.
Has anything like it been published more recently? I posed a similar question some time ago on the forum bit don't believe it was answered.
R
R22:41:37 - 23 Nov 2018 [UTC]
ThomasFreedman
I've never seen anything like "committee instructions" before this. I'm guessing this is a very old document as well.
Has anything like it been published more recently? I posed a similar question some time ago on the forum bit don't believe it was answered.
links could have just been interally distributed and not openly marketed ๐คท♂️ BSIP10 is quite old
AM
Alex M - clockwork22:45:45 - 23 Nov 2018 [UTC]
I believe xeroc prepared this about this time last yeae
J
Joe, Son of Bob, Uncle to Tom22:47:08 - 23 Nov 2018 [UTC]
@xeroc https://bitshares.eu/info/nodes dead link under commercial>> contact us
KP
Kathy Palmer22:47:13 - 23 Nov 2018 [UTC]
Hello
AM
Alex M - clockwork22:50:31 - 23 Nov 2018 [UTC]
Actually 2 years ago it seems
KP
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Thom/as Freedman23:16:46 - 23 Nov 2018 [UTC]
clockworkgr
Actually 2 years ago it seems
That sounds more like it.
TF
Thom/as Freedman23:20:29 - 23 Nov 2018 [UTC]
clockworkgr
Actually 2 years ago it seems
Just sent you a DM, would appreciate a reply when you can.
B
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Techno Comanche23:53:32 - 23 Nov 2018 [UTC]
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Fian Online05:18:45 - 24 Nov 2018 [UTC]
what is the next project of bts
CO
Cristian Ortiz05:43:29 - 24 Nov 2018 [UTC]
https://t.me/joinchat/AAAAAEXgcwMLVeg8625dnw
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Cristian Ortiz05:43:36 - 24 Nov 2018 [UTC]
Hi
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Cristian Ortiz05:43:42 - 24 Nov 2018 [UTC]
https://t.me/joinchat/AAAAAEXgcwMLVeg8625dnw
CO
Cristian Ortiz05:45:35 - 24 Nov 2018 [UTC]
I wanted to recommend a channel, super that is from a friend and sends signals of all kinds, forex, binary, crypto. Those interested who want to invest and learn, write me and send the link, it is a crack
C
Channel_Bot06:03:27 - 24 Nov 2018 [UTC]
https://t.me/joinchat/AAAAAEXgcwMLVeg8625dnw
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C
Crypto Kong09:49:20 - 24 Nov 2018 [UTC]
Imonline
what is the next project of bts
There's lots happening in the BitShares ecosystem by both the platform and businesses building on it.
C
Crypto Kong09:49:23 - 24 Nov 2018 [UTC]
https://link.medium.com/4wjhfvHrjR
G
Georgy09:52:55 - 24 Nov 2018 [UTC]
Cryptokong123
https://link.medium.com/4wjhfvHrjR
Still waiting part 3 from you :)
AM
Abit More10:08:53 - 24 Nov 2018 [UTC]
clockworkgr
Expect it to surpass 256gb ram by this time next year
There is a PR in fc to reduce ram usage by more than 50% iirc.
AM
Alex M - clockwork10:11:09 - 24 Nov 2018 [UTC]
abitmore
There is a PR in fc to reduce ram usage by more than 50% iirc.
awesome
AM
Abit More10:16:43 - 24 Nov 2018 [UTC]
AmmarYousef
Guys, what the the current size of the blockchain database on disk? In GBs please?
Block file on disk is around 50 gigabytes. Logs > 10 GB if enabled which is the default. Size of Object database depends on your max-ops config, several G for default config. I would assume a 100G disk volume would be sufficient for a period
C
Crypto Kong10:17:32 - 24 Nov 2018 [UTC]
ironandcopper
Still waiting part 3 from you :)
Lol you need to go give everyone a kick up the arse to build more so i have more to write about then ๐
S
Stefan10:37:29 - 24 Nov 2018 [UTC]
abitmore
There is a PR in fc to reduce ram usage by more than 50% iirc.
That is fantastic!
S
Sofiasevy10:59:13 - 24 Nov 2018 [UTC]
Hi everyone any new update
KL
Kristin Low11:01:43 - 24 Nov 2018 [UTC]
Looks like guidance from the SEC has materialsied...
KL
Kristin Low11:01:44 - 24 Nov 2018 [UTC]
https://www.sec.gov/news/public-statement/digital-asset-securites-issuuance-and-trading?fbclid=IwAR0hids--X1kalVbCtl5QamRbKicq4Jo5wCFD_KlTpVwBJeGI7Anqqqmf7U
KL
Kristin Low11:02:21 - 24 Nov 2018 [UTC]
I genuinely think it's worth any US members of our community to start considering building your anon presence if you haven't done so.
KL
Kristin Low11:02:56 - 24 Nov 2018 [UTC]
Apparently tokens are considered a security. Perhaps I am oversimplifying it, but this seems to be the gist.
K
Kevin11:52:39 - 24 Nov 2018 [UTC]
There Is No 'Bitcoin': What the SEC Doesn't Get About Cryptocurrency https://news360.com/article/478928025
K
Kevin11:53:29 - 24 Nov 2018 [UTC]
Kristin_Spark
Apparently tokens are considered a security. Perhaps I am oversimplifying it, but this seems to be the gist.
The article above relates to the recent statement from the SEC.
KL
Kristin Low12:02:33 - 24 Nov 2018 [UTC]
True. Agreeing that utltimately they have no effective ability to enforce, thougb I think we are about to see years of effort spent by them learning that. In the process more than a few people will be harmed. Best bet is to distance oneself from any US connection, IMHO.
KL
Kristin Low12:02:58 - 24 Nov 2018 [UTC]
And keep on building what's necessary - SEC or not.
J
Jeff13:02:47 - 24 Nov 2018 [UTC]
clockworkgr
API nodes are fine with 100 op history or ES history
Are there any explorers that offer full history?
B
Bangzi13:16:16 - 24 Nov 2018 [UTC]
Jedebel
Are there any explorers that offer full history?
http://open-explorer.io
R
R13:19:58 - 24 Nov 2018 [UTC]
Bitsharescan.com too
C
Crypto Kong13:24:57 - 24 Nov 2018 [UTC]
Kristin_Spark
True. Agreeing that utltimately they have no effective ability to enforce, thougb I think we are about to see years of effort spent by them learning that. In the process more than a few people will be harmed. Best bet is to distance oneself from any US connection, IMHO.
Exactly. This is the point most miss. Regardless of wether they end up proving something is a security or not. They can still seize all your assets and basically ruin peoples lives until a decision is made. Jared rice is a perfect example of this, they made all these accusations, seized EVERYTHING, ruined his life and a year later they still havent actually come up with a result either way.
C
Crypto Kong13:25:22 - 24 Nov 2018 [UTC]
People need to prepare for the worst.
J
Jane karen13:55:55 - 24 Nov 2018 [UTC]
Sofiasevy13
Hi everyone any new update
Concerning crypto?
R
R14:10:06 - 24 Nov 2018 [UTC]
Cryptokong123
Exactly. This is the point most miss. Regardless of wether they end up proving something is a security or not. They can still seize all your assets and basically ruin peoples lives until a decision is made. Jared rice is a perfect example of this, they made all these accusations, seized EVERYTHING, ruined his life and a year later they still havent actually come up with a result either way.
That's America for you ๐
S
Sofiasevy14:38:00 - 24 Nov 2018 [UTC]
Jane_karen
Concerning crypto?
Yeah
C
Crypto Kong15:00:04 - 24 Nov 2018 [UTC]
cmmob
That's America for you ๐
Good ol team america lol
J
Jane karen15:31:02 - 24 Nov 2018 [UTC]
Sofiasevy13
Yeah
Well, we see what's happening and it's making most people get to sell their coins which isn't a good idea
TF
Thom/as Freedman16:27:13 - 24 Nov 2018 [UTC]
Kristin_Spark
And keep on building what's necessary - SEC or not.
THIS
C
Crypto Kong18:12:30 - 24 Nov 2018 [UTC]
What happens if you have well collateralised debt that falls below 1.75 AFTER a global settlement happens?
C
Crypto Kong18:13:31 - 24 Nov 2018 [UTC]
So lets say your ratio was 1.8 when global settlement happened. Then price dropped further and your ratio dropped below 1.75.
R
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Thom/as Freedman18:29:28 - 24 Nov 2018 [UTC]
I presume you would also be subject to settlement at next maintenance interval. Good question, interesting scenario.
C
Crypto Kong19:15:10 - 24 Nov 2018 [UTC]
I just re read xerocs message...
C
Crypto Kong19:15:41 - 24 Nov 2018 [UTC]
All your debt will be cleared in the global settlement so my example cant actually happen
C
Crypto Kong19:15:45 - 24 Nov 2018 [UTC]
Ignore me lol
WP
White Panda19:42:38 - 24 Nov 2018 [UTC]
How to send Fake bitcoins explained in this two mins video. Watch and be safe from scammers.
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LW
Lucy Wilson19:48:28 - 24 Nov 2018 [UTC]
Hello
C
Crypto Kong21:51:14 - 24 Nov 2018 [UTC]
if our smartcoins dont GS this bear market it will be a miracle lol
R
R21:55:21 - 24 Nov 2018 [UTC]
so, bitBTS it is then..
O
Omar21:55:42 - 24 Nov 2018 [UTC]
What is bitBTS?
R
R21:56:15 - 24 Nov 2018 [UTC]
paathi
What is bitBTS?
not real, but bts which don't have voting power & backed by 2 BTS? ๐
J
JonnyB22:00:31 - 24 Nov 2018 [UTC]
Is there a black swan gif
O
Omar22:01:21 - 24 Nov 2018 [UTC]
Black swan happens when feed price is lower than global settlement price?
O
Omar22:01:52 - 24 Nov 2018 [UTC]
Or market price is lower than global settlement price?
C
Crypto Kong22:03:29 - 24 Nov 2018 [UTC]
Mylimbsarelong
Is there a black swan gif
i type in black swan and all i get is that lesbian ballet dancer film lol
C
Crypto Kong22:03:52 - 24 Nov 2018 [UTC]
so there you go ๐
J
JonnyB22:04:14 - 24 Nov 2018 [UTC]
That's a buy wall meeting a sell wall
J
JonnyB22:04:18 - 24 Nov 2018 [UTC]
Lol
C
Crypto Kong22:04:32 - 24 Nov 2018 [UTC]
haha!
O
Omar22:05:12 - 24 Nov 2018 [UTC]
This is not funny. ๐
KL
Kristin Low22:13:46 - 24 Nov 2018 [UTC]
Wow, 3k btc too. Remarkable times.
KL
Kristin Low22:14:17 - 24 Nov 2018 [UTC]
Time to sell whatever isn't screwed to the floor.
KL
Kristin Low22:14:23 - 24 Nov 2018 [UTC]
And buy up.
AM
Alex M - clockwork22:16:18 - 24 Nov 2018 [UTC]
been out all day
AM
Alex M - clockwork22:16:24 - 24 Nov 2018 [UTC]
was gonna say what did i miss
AM
Alex M - clockwork22:16:28 - 24 Nov 2018 [UTC]
then i saw btc price
AM
Alex M - clockwork22:16:41 - 24 Nov 2018 [UTC]
ouch
DD
Dino Devon22:19:28 - 24 Nov 2018 [UTC]
I screw everything to the floor so guess I don't get to buy much
AM
Alex M - clockwork22:19:54 - 24 Nov 2018 [UTC]
ltc at 29$
AM
Alex M - clockwork22:20:04 - 24 Nov 2018 [UTC]
what was charlie lee's prediction
AM
Alex M - clockwork22:20:05 - 24 Nov 2018 [UTC]
?
AM
Alex M - clockwork22:20:08 - 24 Nov 2018 [UTC]
25$?
DD
Dino Devon22:23:57 - 24 Nov 2018 [UTC]
oh did he make a downside prediction
DD
Dino Devon22:24:02 - 24 Nov 2018 [UTC]
haha what an ass
O
Omar22:25:40 - 24 Nov 2018 [UTC]
Is it possible to close the margin to market sell it immediately and stop further loses?
DD
Dino Devon22:27:13 - 24 Nov 2018 [UTC]
yeah that is likely going to happen...all bitUSD will turn into BTS
DD
Dino Devon22:27:41 - 24 Nov 2018 [UTC]
I might have to read again
DD
Dino Devon22:27:42 - 24 Nov 2018 [UTC]
though
AM
Alex M - clockwork22:27:54 - 24 Nov 2018 [UTC]
Most people laughed at him then
AM
Alex M - clockwork22:27:54 - 24 Nov 2018 [UTC]
He made it ages ago
AM
Alex M - clockwork22:27:54 - 24 Nov 2018 [UTC]
Height of the bull run
AM
Abit More22:28:16 - 24 Nov 2018 [UTC]
DaleSatoshi1
yeah that is likely going to happen...all bitUSD will turn into BTS
why people are still saying this
AM
Abit More22:28:45 - 24 Nov 2018 [UTC]
isn't there a pinned message
่่น
่ ่น22:30:03 - 24 Nov 2018 [UTC]
Good. I think Bitusd will be the black swan.
R
R22:30:17 - 24 Nov 2018 [UTC]
finnbts
Good. I think Bitusd will be the black swan.
Global settlement, not black Swan.
DD
Dino Devon22:30:56 - 24 Nov 2018 [UTC]
there is that steemit article
C
Crypto Kong22:35:55 - 24 Nov 2018 [UTC]
clockworkgr
what was charlie lee's prediction
lol can you imagine everyones reaction if he announces he bought back in at $25 lol
่่น
่ ่น22:36:45 - 24 Nov 2018 [UTC]
We should try to avoid bitUSD global clearing.
DD
Dino Devon22:37:08 - 24 Nov 2018 [UTC]
haha I wouldn't be suprised if he did
DD
Dino Devon22:37:42 - 24 Nov 2018 [UTC]
I don't think anyone is stopping bitUSD global clearing that bus is going downhill without any brakes
DD
Dino Devon22:38:13 - 24 Nov 2018 [UTC]
unless someone here wants to market buy 10k BTC
DD
Dino Devon22:40:25 - 24 Nov 2018 [UTC]
nvm 25k BTC
C
Crypto Kong22:43:08 - 24 Nov 2018 [UTC]
trying to buy some bts now but you know.... unconfirmed btc transaction taking forever lol
DD
Dino Devon22:49:28 - 24 Nov 2018 [UTC]
$5M worth to stop GS?
DD
Dino Devon22:50:47 - 24 Nov 2018 [UTC]
negative margins...nice
O
Omar22:51:05 - 24 Nov 2018 [UTC]
Is bts dead if global settlement happens? Stablecoin would break its pedge?
DD
Dino Devon22:51:29 - 24 Nov 2018 [UTC]
like what happened to bitBTC
DD
Dino Devon22:51:35 - 24 Nov 2018 [UTC]
still trades, just can't settle
C
Crypto Kong22:51:58 - 24 Nov 2018 [UTC]
paathi
Is bts dead if global settlement happens? Stablecoin would break its pedge?
no
C
Crypto Kong22:52:18 - 24 Nov 2018 [UTC]
the whole point of global settlement is to stop smartcoins from becoming undercollateralised
C
Crypto Kong22:52:32 - 24 Nov 2018 [UTC]
it would be bad but it would also prove the system works
C
Crypto Kong22:53:27 - 24 Nov 2018 [UTC]
although i do agree it shouldnt be triggered from the lowest collateralised position it should somehow take into consideration all positions
JB
Jonathan Bahai22:53:36 - 24 Nov 2018 [UTC]
Cryptokong123
it would be bad but it would also prove the system works
Bip42 makes it redundant.. though I know your feelings on that already :)
C
Crypto Kong22:53:52 - 24 Nov 2018 [UTC]
yeah im not a fan :)
C
Crypto Kong22:53:54 - 24 Nov 2018 [UTC]
lol
C
Crypto Kong22:55:47 - 24 Nov 2018 [UTC]
is the bitusd feed price being manipulated? seems a little high lol
DD
Dino Devon22:56:29 - 24 Nov 2018 [UTC]
its just 1 click away from settling I think
DD
Dino Devon22:58:43 - 24 Nov 2018 [UTC]
guess it was 3 clicks
O
Omar22:58:59 - 24 Nov 2018 [UTC]
Bounces in some btc pairs. Maybe usd prices are to follows ๐ค
DD
Dino Devon23:00:46 - 24 Nov 2018 [UTC]
well there it happened
AM
Abit More23:01:02 - 24 Nov 2018 [UTC]
done
DD
Dino Devon23:01:08 - 24 Nov 2018 [UTC]
gamma-rabbit good riddence
AM
Abit More23:01:12 - 24 Nov 2018 [UTC]
good job
DD
Dino Devon23:01:31 - 24 Nov 2018 [UTC]
idk what happens now
DD
Dino Devon23:01:56 - 24 Nov 2018 [UTC]
155M BTS volume today though is good for stats
DD
Dino Devon23:03:05 - 24 Nov 2018 [UTC]
Great work team.......now next time lets have a ratio of 2.25 minimum
C
Crypto Kong23:04:02 - 24 Nov 2018 [UTC]
DaleSatoshi1
Great work team.......now next time lets have a ratio of 2.25 minimum
ratios are bullshit, need sensible call prices set
DD
Dino Devon23:04:13 - 24 Nov 2018 [UTC]
something different
C
Crypto Kong23:04:52 - 24 Nov 2018 [UTC]
when the open market operation started i said it was bullshit on the bitsharestalk thread and reccomended a call price of 2 cents for bitUSD
C
Crypto Kong23:05:09 - 24 Nov 2018 [UTC]
obviously i was ignored...
C
Crypto Kong23:06:16 - 24 Nov 2018 [UTC]
but anyway...
C
Crypto Kong23:06:29 - 24 Nov 2018 [UTC]
cant change the past, need to figure out how to move forward
DD
Dino Devon23:07:13 - 24 Nov 2018 [UTC]
yeah, I was fine with it the way it was...still probably would have resulted the same in this one but bitUSD would have traded at $1.10 before and I would have made 10%
DD
Dino Devon23:07:21 - 24 Nov 2018 [UTC]
this time I just lost money no premium ever came
DD
Dino Devon23:08:35 - 24 Nov 2018 [UTC]
no premium = no more use case for me, I just moved to DAI
C
Crypto Kong23:08:54 - 24 Nov 2018 [UTC]
i think we are talking about different things lol
DD
Dino Devon23:09:06 - 24 Nov 2018 [UTC]
yeah probably
C
Crypto Kong23:09:24 - 24 Nov 2018 [UTC]
bear market making us crazy lol
LC
Louis C23:10:09 - 24 Nov 2018 [UTC]
How close is bitCNY from GS?
C
Crypto Kong23:11:09 - 24 Nov 2018 [UTC]
big sell wall getting eaten on binance
G(
George (Bitspark)23:11:10 - 24 Nov 2018 [UTC]
BitCNY also GS
C
Crypto Kong23:11:14 - 24 Nov 2018 [UTC]
we might be going back up
C
Crypto Kong23:11:28 - 24 Nov 2018 [UTC]
well...
G(
George (Bitspark)23:11:29 - 24 Nov 2018 [UTC]
nvm my node didnt update page lol
G(
George (Bitspark)23:11:34 - 24 Nov 2018 [UTC]
1.26
C
Crypto Kong23:11:35 - 24 Nov 2018 [UTC]
not as big as the margin wall lol
D
DR23:11:36 - 24 Nov 2018 [UTC]
can new margins be open now?
DD
Dino Devon23:11:45 - 24 Nov 2018 [UTC]
1.26 and 1.1 is GS
DD
Dino Devon23:12:02 - 24 Nov 2018 [UTC]
yeah that was my question, I will open new bitUSD and buy if market starts a good old panic
R
R23:12:20 - 24 Nov 2018 [UTC]
DaleSatoshi1
yeah that was my question, I will open new bitUSD and buy if market starts a good old panic
use hertz? :D
DD
Dino Devon23:13:36 - 24 Nov 2018 [UTC]
cannot open new margin on bitUSD
DD
Dino Devon23:13:43 - 24 Nov 2018 [UTC]
transaction fails
D
DR23:13:56 - 24 Nov 2018 [UTC]
DaleSatoshi1
cannot open new margin on bitUSD
when can u again?
M
Mick [BTS][eostalk.io]23:14:11 - 24 Nov 2018 [UTC]
https://steemit.com/bitshares/@haruka/detailed-mechanism-of-global-settlement-black-swan-and-reviving-of-bitassets
M
Mick [BTS][eostalk.io]23:14:12 - 24 Nov 2018 [UTC]
read
DD
Dino Devon23:14:14 - 24 Nov 2018 [UTC]
Once feed price recovers I believe
DD
Dino Devon23:14:48 - 24 Nov 2018 [UTC]
few ways it can be fixed....all require increase in price or some rich person buying whole thing out
R
R23:14:49 - 24 Nov 2018 [UTC]
neither cny nor usd show any margin positions within their asset detail pages
G(
George (Bitspark)23:15:56 - 24 Nov 2018 [UTC]
cmmob
neither cny nor usd show any margin positions within their asset detail pages
wait for node to update, was slow for me
FS
Fabian Schuh 23:16:29 - 24 Nov 2018 [UTC]
bitUSD has had a global settlement ... that's why it has 150M 24h volume :D
G(
George (Bitspark)23:16:31 - 24 Nov 2018 [UTC]
so restart of bitUSD is feed price of approx price of 0.503?
FS
Fabian Schuh 23:16:43 - 24 Nov 2018 [UTC]
no more margin calls or borrowing on bitUSD ...
FS
Fabian Schuh 23:17:02 - 24 Nov 2018 [UTC]
150M BTS in settlement fund can be used to settle at the GS price of ~21BTS/USD
VC
Valera Cogut23:17:07 - 24 Nov 2018 [UTC]
and less liquidity on bitUSD also ? right ?
FS
Fabian Schuh 23:17:22 - 24 Nov 2018 [UTC]
that's a 100% collateralization .. exess collateral has been given back ..
FS
Fabian Schuh 23:18:23 - 24 Nov 2018 [UTC]
options to revive: a) the collateral (now worth 100% of the debt in $ terms) needs to grow to 175% (MCR) to automatically revive ..
b) sufficient bidders bid to obtain short positions from settlement fund with a total of 175% collateral ratio
FS
Fabian Schuh 23:19:32 - 24 Nov 2018 [UTC]
~ 7M bitUSD are still in circulation and backed by ~150M BTS in the settlement fund
AM
Abit More23:20:44 - 24 Nov 2018 [UTC]
xeroc
150M BTS in settlement fund can be used to settle at the GS price of ~21BTS/USD
0.05113792 bitUSD/BTS. less than 20
AM
Abit More23:21:47 - 24 Nov 2018 [UTC]
xeroc
~ 7M bitUSD are still in circulation and backed by ~150M BTS in the settlement fund
that means need at least 100M BTS to bid if price didn't change
ๅ
ๅๆๆ23:22:45 - 24 Nov 2018 [UTC]
่ฆ่ฟๅ
ฅ็ซไปท้ถๆฎตไบ？
DD
Dino Devon23:23:08 - 24 Nov 2018 [UTC]
ah makes more sense now
FS
Fabian Schuh 23:23:52 - 24 Nov 2018 [UTC]
abitmore
that means need at least 100M BTS to bid if price didn't change
fortunately the amount of required BTS goes own with BTS valuation going up ..
DD
Dino Devon23:26:37 - 24 Nov 2018 [UTC]
nothing goes up anymore
DD
Dino Devon23:26:51 - 24 Nov 2018 [UTC]
so irrelevant statement in 2018 try again in 2019
DD
Dino Devon23:26:54 - 24 Nov 2018 [UTC]
๐
O
octomatic23:27:07 - 24 Nov 2018 [UTC]
just wait 2 years after the 2020 halvening.
O
octomatic23:28:08 - 24 Nov 2018 [UTC]
people’s memories are short. forget about the price right now. build something. fomo’ing not helping anybody
R
Rma23:29:02 - 24 Nov 2018 [UTC]
did BitUSD black swan?
ๅ
ๅๆๆ23:29:40 - 24 Nov 2018 [UTC]
yes
R
Rma23:29:59 - 24 Nov 2018 [UTC]
when ?
AM
Abit More23:30:16 - 24 Nov 2018 [UTC]
30 minutes ago
O
Omar23:30:23 - 24 Nov 2018 [UTC]
Global settlement triggered on bitUSD?
G(
George (Bitspark)23:30:33 - 24 Nov 2018 [UTC]
now is the time to be out of bitUSD into BTS as price is still somewhat at GS price, however price of bitUSD/BTS will likely rise are people exit thereby making harder to exit in short term. If exited now is easier to sell BTS again later at higher price rather than wait for 1.75
R
Rma23:30:53 - 24 Nov 2018 [UTC]
what a shame
O
Omar23:32:18 - 24 Nov 2018 [UTC]
What now? ๐
R
Rma23:32:43 - 24 Nov 2018 [UTC]
yes, what happens
R
Rma23:32:45 - 24 Nov 2018 [UTC]
does it restart?
DD
Dino Devon23:32:48 - 24 Nov 2018 [UTC]
drinking
R
Rma23:32:56 - 24 Nov 2018 [UTC]
with everyone taking a hit
DD
Dino Devon23:33:20 - 24 Nov 2018 [UTC]
paathi
What now? ๐
๐ป
G(
George (Bitspark)23:34:33 - 24 Nov 2018 [UTC]
Sell side of bitUSD has doubled since GS, 161k bitUSD vs like 80k before GS.....so people were sitting on sideline and now all of sudden theyre looking to exit
DD
Dino Devon23:34:52 - 24 Nov 2018 [UTC]
makes sense
G(
George (Bitspark)23:35:52 - 24 Nov 2018 [UTC]
will probably drive BTS price higher in short term i imagine
DD
Dino Devon23:36:00 - 24 Nov 2018 [UTC]
Looks like a lot of low ball bids
FS
Fabian Schuh 23:36:13 - 24 Nov 2018 [UTC]
George_Bitspark
now is the time to be out of bitUSD into BTS as price is still somewhat at GS price, however price of bitUSD/BTS will likely rise are people exit thereby making harder to exit in short term. If exited now is easier to sell BTS again later at higher price rather than wait for 1.75
counter reasoning: More BTS become liquid as excess collateral has been given back. Hence, more BTS could be used as sell-pressure. That would lead to BTS price going down which could render internal markets more profitable.
Also **IMPORTANT**, after GS, when you settle your order, you will **NOT** be settled against price feed, but against GS price, which is constant until revived.
G(
George (Bitspark)23:36:15 - 24 Nov 2018 [UTC]
DaleSatoshi1
Looks like a lot of low ball bids
yep they nowhere near last price
G(
George (Bitspark)23:37:46 - 24 Nov 2018 [UTC]
xeroc
counter reasoning: More BTS become liquid as excess collateral has been given back. Hence, more BTS could be used as sell-pressure. That would lead to BTS price going down which could render internal markets more profitable.
Also IMPORTANT, after GS, when you settle your order, you will NOT be settled against price feed, but against GS price, which is constant until revived.
interesing sure, internal markets you mean other smartcoins?
FS
Fabian Schuh 23:38:34 - 24 Nov 2018 [UTC]
BTS:USD .. regular market ..
FS
Fabian Schuh 23:38:49 - 24 Nov 2018 [UTC]
can still trade there .. just has not margin calls and cannot borrow new bitUSD
FS
Fabian Schuh 23:39:05 - 24 Nov 2018 [UTC]
who knows.. maybe with 7M bitUSD left, people would pay a premium for them :D
FS
Fabian Schuh 23:39:12 - 24 Nov 2018 [UTC]
./s
AM
Abit More23:39:17 - 24 Nov 2018 [UTC]
see how votes will change in next hour.
DD
Dino Devon23:40:00 - 24 Nov 2018 [UTC]
so it would make sense for someone with a lot of exposure to bitUSD to settle now at GS price? I sold all mine but was wondering what I would have done had this happened the other night
AM
Abit More23:40:07 - 24 Nov 2018 [UTC]
The GS occurred at 22:00:18
AM
Abit More23:40:24 - 24 Nov 2018 [UTC]
the 150M BTS is not voting now.
FS
Fabian Schuh 23:41:00 - 24 Nov 2018 [UTC]
**GS price:** `0.051137922 USD/BTS`... two things change on bitUSD now w.r.t. settlement: a) settlements are executed immediatelly, no 24hrs wait .. and b) they will be settled against GS price (above) and **NOT** feed price!
O
Omar23:41:24 - 24 Nov 2018 [UTC]
Could one still bail himself out of the GS by adding more collateral to his margin account?
AM
Abit More23:42:01 - 24 Nov 2018 [UTC]
read.
G(
George (Bitspark)23:42:58 - 24 Nov 2018 [UTC]
i think the curse of voter apathy will strike with the 150m, likely wont see too much, lets see ๐ btw whats happening now with worker proposal bitUSD payments?
G(
George (Bitspark)23:43:16 - 24 Nov 2018 [UTC]
isnt the foundation an escrow
FS
Fabian Schuh 23:43:37 - 24 Nov 2018 [UTC]
escrow for bitUSD .. correct ..
FS
Fabian Schuh 23:43:45 - 24 Nov 2018 [UTC]
longs are not affected by GS ..
FS
Fabian Schuh 23:43:58 - 24 Nov 2018 [UTC]
their 500k bitUSD still sitting in their account readz for escrow ..
FS
Fabian Schuh 23:44:23 - 24 Nov 2018 [UTC]
from BBF perspective, nothing should really change (except maybe it could become harder to obtain bitUSD from marekts) ..
FS
Fabian Schuh 23:44:45 - 24 Nov 2018 [UTC]
for freelancers though .. depending on market sentiments ... 1 bitUSD may not be settleable against $1 ..
G(
George (Bitspark)23:45:07 - 24 Nov 2018 [UTC]
yeh so BBF will be making payments in a currency thats not really what the worker intended in terms of pricing
C
Crypto Kong23:45:42 - 24 Nov 2018 [UTC]
is this up to date after GS?
C
Crypto Kong23:45:54 - 24 Nov 2018 [UTC]
bitcrab seems to have lost a lot of weight
G(
George (Bitspark)23:47:24 - 24 Nov 2018 [UTC]
Cryptokong123
bitcrab seems to have lost a lot of weight
is he working out? ๐
C
Crypto Kong23:47:31 - 24 Nov 2018 [UTC]
lol
DD
Dino Devon23:51:35 - 24 Nov 2018 [UTC]
I was expecting to see more votes leave BSIP42
FS
Fabian Schuh 23:52:29 - 24 Nov 2018 [UTC]
George_Bitspark
yeh so BBF will be making payments in a currency thats not really what the worker intended in terms of pricing
The terms of the workers are in bitUSD .. intention was and is to pay in bitUSD .. that's the entire purpose of the BBF .. to obtain and excrow bitUSD ..
CR
Charles Robert23:53:52 - 24 Nov 2018 [UTC]
Hey
VC
Valera Cogut23:54:22 - 24 Nov 2018 [UTC]
xeroc
for freelancers though .. depending on market sentiments ... 1 bitUSD may not be settleable against $1 ..
do you mean there won't be price 1 bitUSD = 1$ because of GS ?
R
R23:54:36 - 24 Nov 2018 [UTC]
paathi
Could one still bail himself out of the GS by adding more collateral to his margin account?
no, any margin position you had is closed for usd now
G(
George (Bitspark)23:54:46 - 24 Nov 2018 [UTC]
xeroc
GS price: 0.051137922 USD/BTS... two things change on bitUSD now w.r.t. settlement: a) settlements are executed immediatelly, no 24hrs wait .. and b) they will be settled against GS price (above) and NOT feed price!
So theres no point to ever buy bitUSD above GS price then? because you'd be able to settle it for less at GS, likewise if you buy it below GS you could settle at least 7m profitably
FS
Fabian Schuh 23:54:55 - 24 Nov 2018 [UTC]
valeracogut
do you mean there won't be price 1 bitUSD = 1$ because of GS ?
1 bitUSD = 1 bitUSD - that's all an escrow should care about, IMHO
VC
Valera Cogut23:55:55 - 24 Nov 2018 [UTC]
xeroc
1 bitUSD = 1 bitUSD - that's all an escrow should care about, IMHO
1 bitUSD = 1 bitUSD ? what do you mean ?
FS
Fabian Schuh 23:55:56 - 24 Nov 2018 [UTC]
George_Bitspark
So theres no point to ever buy bitUSD above GS price then? because you'd be able to settle it for less than GS, likewise if you buy it below GS you could settle at least 7m profitably
I personally expect that bitUSD will trade at a premium until it is revived at which point it will no longer be possible to settle at GS price but feed price ..
G(
George (Bitspark)23:56:05 - 24 Nov 2018 [UTC]
xeroc
1 bitUSD = 1 bitUSD - that's all an escrow should care about, IMHO
The description of bitUSD on the blockchain is '1 United States Dollar' not a nebulous thing saying its whatever people want a bitUSD to be
O
Omar23:56:12 - 24 Nov 2018 [UTC]
cmmob
no, any margin position you had is closed for usd now
That means one could only save himself by adding more collateral to his margin account and get his margin call price lower than GS price?
FS
Fabian Schuh 23:56:22 - 24 Nov 2018 [UTC]
valeracogut
1 bitUSD = 1 bitUSD ? what do you mean ?
the $ valuation of bitUSD is outside of the scope of the BBF's workers ..
C
Crypto Kong23:57:01 - 24 Nov 2018 [UTC]
paathi
That means one could only save himself by adding more collateral to his margin account and get his margin call price lower than GS price?
no it means all positions are closed
AM
Abit More23:57:03 - 24 Nov 2018 [UTC]
paathi
That means one could only save himself by adding more collateral to his margin account and get his margin call price lower than GS price?
there is no longer any "margin account"
VC
Valera Cogut23:57:06 - 24 Nov 2018 [UTC]
xeroc
the $ valuation of bitUSD is outside of the scope of the BBF's workers ..
I don't ask you about BBF worker, where I've asked it ?
FS
Fabian Schuh 23:57:12 - 24 Nov 2018 [UTC]
George_Bitspark
The description of bitUSD on the blockchain is '1 United States Dollar' not a nebulous thing saying its whatever people want a bitUSD to be
That's what the blockchain says about bitUSD .. it does not mean that any of the contracts between freelancers and BBF are in USD
C
Crypto Kong23:57:33 - 24 Nov 2018 [UTC]
the only way you can "save yourself" is by putting fresh fiat in to buy back the amount of bts you just sold to close your margin
G(
George (Bitspark)23:57:34 - 24 Nov 2018 [UTC]
xeroc
That's what the blockchain says about bitUSD .. it does not mean that any of the contracts between freelancers and BBF are in fiat USD
Freelancers expect it to be what the description says it is
FS
Fabian Schuh 23:58:18 - 24 Nov 2018 [UTC]
And the terms of the escrow says that the BBF will only provide bitUSD or similar bitassets ..
FS
Fabian Schuh 23:58:27 - 24 Nov 2018 [UTC]
the freelancers don't contract with the blockchain .. they contract with the BBF
O
Omar23:58:40 - 24 Nov 2018 [UTC]
Cryptokong123
no it means all positions are closed
I am talking about bitCNY.
G(
George (Bitspark)23:58:58 - 24 Nov 2018 [UTC]
xeroc
the freelancers don't contract with the blockchain .. they contract with the BBF
yep true
FS
Fabian Schuh 23:58:58 - 24 Nov 2018 [UTC]
Whether they can exchange 1 bitUSD for $1 worth of an other asset is outside of the scope of the BBF worker/escrow program ..
FS
Fabian Schuh 23:59:13 - 24 Nov 2018 [UTC]
let's see how this plays out ..
G(
George (Bitspark)23:59:15 - 24 Nov 2018 [UTC]
likely might result in issues with worker proposals though practically
C
Crypto Kong23:59:17 - 24 Nov 2018 [UTC]
paathi
I am talking about bitCNY.
oh i see, apologies
FS
Fabian Schuh 23:59:35 - 24 Nov 2018 [UTC]
at this point .. bitUSD can still be settled for ~20 BTS which is worth about $1
G(
George (Bitspark)23:59:48 - 24 Nov 2018 [UTC]
George_Bitspark
likely might result in issues with worker proposals though practically
however if it trades at a premium they may make money on it instead
FS
Fabian Schuh 00:00:02 - 25 Nov 2018 [UTC]
if BTS price goes down 10% more, then people may want to consider holding it or selling it at a loss .. their choice
FS
Fabian Schuh 00:00:32 - 25 Nov 2018 [UTC]
George_Bitspark
however if it trades at a premium they may make money on it instead
That happend before BSIP42 as well ... theere, bitUSd traded at a premium of quite some percent ..
DD
Dino Devon00:02:39 - 25 Nov 2018 [UTC]
That premium and discount is needed for peg just my opinion BSIP42 was terrible and more people should have voted against it
๐ธD
๐ธAguilera dogan๐น00:02:42 - 25 Nov 2018 [UTC]
15YCCpMMNVCS3pAqvuCCQcJy3QftBSPdQW. Help me with btc please. Son sick
VC
Valera Cogut00:03:06 - 25 Nov 2018 [UTC]
look at this from othe perspective. you were stopped out at 0.051 when the price was 0.045, isn't this a gift?
VC
Valera Cogut00:03:55 - 25 Nov 2018 [UTC]
absolutely agree that for borrowers global settlement on bitUSD was like a gift :) maybe I'm wrong
CR
Charles Robert00:04:14 - 25 Nov 2018 [UTC]
Hi
DD
Dino Devon00:04:17 - 25 Nov 2018 [UTC]
who pays for that gift?
G(
George (Bitspark)00:04:19 - 25 Nov 2018 [UTC]
valeracogut
absolutely agree that for borrowers global settlement on bitUSD was like a gift :) maybe I'm wrong
borrows lost their margin though lol
FS
Fabian Schuh 00:05:08 - 25 Nov 2018 [UTC]
Well, arguable, for shorters, the current price isn't that important .. they are bulls and willing to take short term fluctutations... but with GS, they have been forced out of their short positions - potentially at an unfavorable price.
FS
Fabian Schuh 00:05:18 - 25 Nov 2018 [UTC]
what George says
FS
Fabian Schuh 00:05:46 - 25 Nov 2018 [UTC]
Cool thing still, blockchain is running just fine, despite 150M BTS volume on bitUSD GS
DD
Dino Devon00:06:49 - 25 Nov 2018 [UTC]
statistically speaking its one of the best volume days in BTS history
FS
Fabian Schuh 00:07:24 - 25 Nov 2018 [UTC]
๐๐
FS
Fabian Schuh 00:07:40 - 25 Nov 2018 [UTC]
But .. but .. isn't IDEX supposed to be the DEX with the most volume?
DD
Dino Devon00:10:33 - 25 Nov 2018 [UTC]
not today
AM
Abit More00:10:52 - 25 Nov 2018 [UTC]
votes didn't change much
DD
Dino Devon00:10:53 - 25 Nov 2018 [UTC]
Bitshares was almost always higher anyway as a platform
AG
Alfredo Garcia00:11:08 - 25 Nov 2018 [UTC]
hope we can get this sorted
AM
Abit More00:11:13 - 25 Nov 2018 [UTC]
only one active witness changed
DD
Dino Devon00:11:28 - 25 Nov 2018 [UTC]
it might be better to wait to change bip42 anyway
R
R00:11:30 - 25 Nov 2018 [UTC]
Any WP changes?
DD
Dino Devon00:11:41 - 25 Nov 2018 [UTC]
don't want bitCNY to change
DD
Dino Devon00:11:43 - 25 Nov 2018 [UTC]
GS
DD
Dino Devon00:14:21 - 25 Nov 2018 [UTC]
haha
DL
da Lexx00:59:01 - 25 Nov 2018 [UTC]
damn
DL
da Lexx00:59:12 - 25 Nov 2018 [UTC]
what a bloodbath
DS
Daniel Schwarz (liondani)01:06:00 - 25 Nov 2018 [UTC]
We should market it positive... It works as it should....We are not a fractional reserve bank...
R
R01:13:51 - 25 Nov 2018 [UTC]
liondani
We should market it positive... It works as it should....We are not a fractional reserve bank...
Put it this way.. most FIAT has no reserves at all, lol..
R
R01:14:23 - 25 Nov 2018 [UTC]
At least with BTS you can claim partial reserves still, or wait till it goes above GS price for 100% backing.
TF
Thom/as Freedman01:28:40 - 25 Nov 2018 [UTC]
Fuck the banksters, whose money and influence is behind these market manipulations. Lay blame where it belongs.
DS
Daniel Schwarz (liondani)01:35:23 - 25 Nov 2018 [UTC]
How much was the GS settle price?
DS
Daniel Schwarz (liondani)01:36:09 - 25 Nov 2018 [UTC]
In bts
DS
Daniel Schwarz (liondani)01:36:35 - 25 Nov 2018 [UTC]
19.55496?
OU
Once Uponatime01:38:55 - 25 Nov 2018 [UTC]
19.55496 yes
TF
Thom/as Freedman01:40:56 - 25 Nov 2018 [UTC]
ThomasFreedman
Fuck the banksters, whose money and influence is behind these market manipulations. Lay blame where it belongs.
This is why I have zero sympathy and regard for those who embrace "regulation" by gov, which is under the banksters control.
G
Georgy01:42:17 - 25 Nov 2018 [UTC]
bitcny got its black swan yet ?
G
Georgy01:42:21 - 25 Nov 2018 [UTC]
GS
DS
Daniel Schwarz (liondani)01:42:55 - 25 Nov 2018 [UTC]
ThomasFreedman
This is why I have zero sympathy and regard for those who embrace "regulation" by gov, which is under the banksters control.
Some times you can fight the enemy inside his territory more efficient ... Like a trojan horse...
TF
Thom/as Freedman01:43:57 - 25 Nov 2018 [UTC]
liondani
Some times you can fight the enemy inside his territory more efficient ... Like a trojan horse...
Hasn't been a successul strategy in US politics in over 100 years.
DS
Daniel Schwarz (liondani)01:45:15 - 25 Nov 2018 [UTC]
ThomasFreedman
Hasn't been a successul strategy in US politics in over 100 years.
It depends on what you put inside the trojan horse...
TF
Thom/as Freedman01:48:48 - 25 Nov 2018 [UTC]
You can only put so many soldiers in the horse.
However you look at it, it doesn't work as a strategy to reform a highly corrupt system.
Even Ron Paul, as effetive as he was in waking people up to the corruption, wasn't able to make much of an impact on reforming the system for all the years he was in office.
W
Werhhh01:59:13 - 25 Nov 2018 [UTC]
Maybe Rand Paul will
R
red-head02:09:40 - 25 Nov 2018 [UTC]
is GS price fixed?
O
Omar02:10:12 - 25 Nov 2018 [UTC]
Is it wise to add more bts to your margin long collateral or just let it GS if bitCNY falls further?
R
red-head02:12:45 - 25 Nov 2018 [UTC]
paathi
Is it wise to add more bts to your margin long collateral or just let it GS if bitCNY falls further?
if GS for cny triggered then all your cny debt will be closed at GS price
O
Omar02:14:36 - 25 Nov 2018 [UTC]
That means everybody gets screwd if they were in a margin trade even if collateral were above 1.75?
R
red-head02:15:07 - 25 Nov 2018 [UTC]
paathi
That means everybody gets screwd if they were in a margin trade even if collateral were above 1.75?
yes
R
red-head02:16:19 - 25 Nov 2018 [UTC]
@xeroc is GS price fixed?
R
red-head02:18:20 - 25 Nov 2018 [UTC]
after triggered
B
Bitsniper02:18:32 - 25 Nov 2018 [UTC]
gencdahi
@xeroc is GS price fixed after triggered?
I think it fluctuates based on number of people getting margin called . my 2 cents
B
Bitsniper02:22:32 - 25 Nov 2018 [UTC]
Is bit usd in GS
G
Georgy02:24:50 - 25 Nov 2018 [UTC]
Yes
G
Georgy02:25:07 - 25 Nov 2018 [UTC]
Zero margin positions
R
Rma02:26:41 - 25 Nov 2018 [UTC]
So whoevers colateral was below 1.0 when it BS, what do they get back ?
SN
Shubham Nishad03:07:25 - 25 Nov 2018 [UTC]
http://t.me/Bitcoindigitalminingbot?start=685561180
SN
Shubham Nishad03:07:30 - 25 Nov 2018 [UTC]
http://t.me/Bitcoindigitalminingbot?start=685561180
R
R03:11:32 - 25 Nov 2018 [UTC]
Rma
So whoevers colateral was below 1.0 when it BS, what do they get back ?
no
R
Rma03:11:53 - 25 Nov 2018 [UTC]
no ?
R
Rma03:12:13 - 25 Nov 2018 [UTC]
they get nothing?
R
R03:25:22 - 25 Nov 2018 [UTC]
Rma
they get nothing?
Why would they get anything? The bitUSD holder has greater claim to the insufficient collateral than the under-collateralized margin holder
NM
N M03:33:27 - 25 Nov 2018 [UTC]
Dead n gone
R
Rma03:34:16 - 25 Nov 2018 [UTC]
so what happens to the BitUSD they margin holder created?
R
Rma03:34:25 - 25 Nov 2018 [UTC]
and sold to the bitUSD holder
NM
N M03:35:08 - 25 Nov 2018 [UTC]
Dead and gone
R
Rma03:35:39 - 25 Nov 2018 [UTC]
they bitUSD holder gets less then the 1.0 colateral of bitshares, but the original creator of the BitUSD, feels like they should get some % pack of a bitUSD, no ?
DS
Daniel Schwarz (liondani)03:36:27 - 25 Nov 2018 [UTC]
Rma
so what happens to the BitUSD they margin holder created?
They get freely traded on the open market
R
Rma03:41:34 - 25 Nov 2018 [UTC]
what was the user that dropped below 1.0 ?
R
Rma03:41:54 - 25 Nov 2018 [UTC]
was always gamma-rabbit close to it, each time the price dipped
J
Jeff03:42:26 - 25 Nov 2018 [UTC]
Cryptokong123
ratios are bullshit, need sensible call prices set
A higher ratio would make GS less likely but a better system might make more sense. Why not settle just the accounts that go below a minimum ratio. If I default on my home mortgage the bank takes my house. It doesn't automatically send everyone into default.
R
Rma03:45:10 - 25 Nov 2018 [UTC]
I guess if it just did the person who dropped below, they don't have enough collateral to fulfil the BitUSD
R
Rma03:51:23 - 25 Nov 2018 [UTC]
I dont see why as soon as someone just drops below 1.0 the system can't just transfer that position to a system account, and keep transfering the next lowerest CR positions which are < 1.0 until that account has a CR > 1.0
R
Rma03:54:52 - 25 Nov 2018 [UTC]
so the next lowest CR guy in the chain effectively covers missing collateral of the one lower then him
O
octomatic05:24:04 - 25 Nov 2018 [UTC]
I was updating my witness node, and i saw transaction got stopped, I was laughing so hard... ๐คฃ
"Unable to transfer 378.25869 BTS from ganesha888 to binance-bts-1"
O
octomatic05:24:32 - 25 Nov 2018 [UTC]
cause a ganesha is supposed to remove all blockages from 888 "wealth"... and this transfer was blocked
O
octomatic05:24:56 - 25 Nov 2018 [UTC]
very obviously asian username ๐
O
Omar05:25:04 - 25 Nov 2018 [UTC]
Someone BTFD
O
Omar05:25:47 - 25 Nov 2018 [UTC]
This train has only gone down without any significant bonuse.
CO
Cristian Ortiz05:38:14 - 25 Nov 2018 [UTC]
https://t.me/joinchat/AAAAAEXgcwMLVeg8625dnw
C
Channel_Bot06:01:21 - 25 Nov 2018 [UTC]
https://t.me/joinchat/AAAAAEXgcwMLVeg8625dnw
R
Raj06:06:10 - 25 Nov 2018 [UTC]
Best Intraday and positional F&O trades, few trades but sure shot tgt supported by well researched technicals.
Join us for lifetime free..
https://t.me/sbctrades
S
Slavi La Libertad06:12:25 - 25 Nov 2018 [UTC]
octomatic
cause a ganesha is supposed to remove all blockages from 888 "wealth"... and this transfer was blocked
Jai Ganesha!
WP
Website & Programming06:42:14 - 25 Nov 2018 [UTC]
https://t.me/ETH_Hourly_freebot?start=535132764
JC
Jenny Cooper06:54:17 - 25 Nov 2018 [UTC]
https://t.me/joinchat/J4-kyBJjkXefL0rmXrLe4w
AM
Alex M - clockwork07:52:38 - 25 Nov 2018 [UTC]
liondani
They get freely traded on the open market
which is gonna get very interesting when bts price back above 0.05
J
Jane karen08:02:33 - 25 Nov 2018 [UTC]
BTC seems to be really dumping and this is really going to affect holders๐ช why not we all change strategies and start investing to gain profit
C
Crypto Kong08:52:01 - 25 Nov 2018 [UTC]
clockworkgr
which is gonna get very interesting when bts price back above 0.05
Could you explain this a little? Im a bit confused as to the process of what happens now with price rising and the debt being better collateralised and bitusd being reactivated etc
C
Crypto Kong08:52:15 - 25 Nov 2018 [UTC]
If you have time/ dont mind
AM
Alex M - clockwork08:57:50 - 25 Nov 2018 [UTC]
basically all collateral and debt was transferred to the system
AM
Alex M - clockwork08:58:06 - 25 Nov 2018 [UTC]
any circulating bitUSD can be insta-settled at GS price
AM
Alex M - clockwork08:58:21 - 25 Nov 2018 [UTC]
so once BTS price goes a bit over 5
AM
Alex M - clockwork08:58:28 - 25 Nov 2018 [UTC]
you can buy bitUSD for say 18 BTS
C
Crypto Kong08:58:33 - 25 Nov 2018 [UTC]
Oooh i see
AM
Alex M - clockwork08:58:36 - 25 Nov 2018 [UTC]
and insta settle for 19.5
C
Crypto Kong08:58:43 - 25 Nov 2018 [UTC]
And insta sell for profit
C
Crypto Kong08:58:46 - 25 Nov 2018 [UTC]
Nice
AM
Alex M - clockwork08:58:55 - 25 Nov 2018 [UTC]
it's why xeroc said it will soon trade at a premium
C
Crypto Kong08:59:12 - 25 Nov 2018 [UTC]
That is very interesting
AM
Alex M - clockwork08:59:34 - 25 Nov 2018 [UTC]
the thing is...global settlement is EXPECTED behaviour to protect the bitasset
AM
Alex M - clockwork08:59:49 - 25 Nov 2018 [UTC]
obviously terrible for shorters
C
Crypto Kong09:00:26 - 25 Nov 2018 [UTC]
Yep thats what ive been trying to tell people. Its bad for people with badly managed positions but it upholds theintegrity of the system
AM
Alex M - clockwork09:00:27 - 25 Nov 2018 [UTC]
but it's not a "failed" outcome
AM
Alex M - clockwork09:00:31 - 25 Nov 2018 [UTC]
just working as intended
C
Crypto Kong09:00:37 - 25 Nov 2018 [UTC]
No not at all
F
funkit09:01:05 - 25 Nov 2018 [UTC]
WHEN BITUSD????
C
Crypto Kong09:01:10 - 25 Nov 2018 [UTC]
The responsibility lies with those who had such poorly collateralised positions
AM
Alex M - clockwork09:01:16 - 25 Nov 2018 [UTC]
funkit
WHEN BITUSD????
when dumbo
C
Crypto Kong09:01:17 - 25 Nov 2018 [UTC]
Not the systen
F
funkit09:04:50 - 25 Nov 2018 [UTC]
Fucking bitcoin takes forever. Jeeeeeeezzz.... *try not to break stuff...
C
Crypto Kong09:04:58 - 25 Nov 2018 [UTC]
clockworkgr
just working as intended
At what point does borrowing function get reactivated?
AM
Alex M - clockwork09:20:29 - 25 Nov 2018 [UTC]
Cryptokong123
At what point does borrowing function get reactivated?
when collateral held by the system backs MCR times oustanding debt
G(
George (Bitspark)09:25:33 - 25 Nov 2018 [UTC]
so like $0.09-$0.1
C
Crypto Kong09:41:36 - 25 Nov 2018 [UTC]
Cool thanks
C
Crypto Kong09:41:52 - 25 Nov 2018 [UTC]
I guess that number decreases the more people settle
NP
Nikita Patel09:48:31 - 25 Nov 2018 [UTC]
https://youtu.be/2bvcq7AsCLU
NP
Nikita Patel09:48:53 - 25 Nov 2018 [UTC]
https://youtu.be/2bvcq7AsCLU
NP
Nikita Patel09:49:06 - 25 Nov 2018 [UTC]
https://youtu.be/2bvcq7AsCLU
NP
Nikita Patel09:50:24 - 25 Nov 2018 [UTC]
https://youtu.be/2bvcq7AsCLU
M
Mathew10:13:07 - 25 Nov 2018 [UTC]
Oh shit, I've been on planes etc. GS happened? For fucks sake.
M
Mathew10:17:29 - 25 Nov 2018 [UTC]
Im at work but need to figure out what I do
M
Mathew10:18:17 - 25 Nov 2018 [UTC]
I had a margin but seems to just be vanished now? My call price was under GS
M
Mathew10:19:59 - 25 Nov 2018 [UTC]
Ah man what a shitter.
Can we please immediately change the margin call settings so that the sell price is 10% below the lower of the feed price and the Dex price?
KL
Kristin Low10:22:01 - 25 Nov 2018 [UTC]
matle85
Oh shit, I've been on planes etc. GS happened? For fucks sake.
Glad your landing was smoother than the market's one :-)
GO
Gustav Olly10:28:07 - 25 Nov 2018 [UTC]
Are there any fiat gateways work now on dex?
M
Mathew10:28:12 - 25 Nov 2018 [UTC]
Couldn't have been as rough as the market, I'd be dead
GO
Gustav Olly10:35:26 - 25 Nov 2018 [UTC]
Now next BlackSwan - bitCNY?
C
Crypto Kong10:36:55 - 25 Nov 2018 [UTC]
Crypto_owwn
Are there any fiat gateways work now on dex?
Easydex
C
Crypto Kong10:37:25 - 25 Nov 2018 [UTC]
matle85
Couldn't have been as rough as the market, I'd be dead
๐
C
Crypto Kong10:38:25 - 25 Nov 2018 [UTC]
matle85
I had a margin but seems to just be vanished now? My call price was under GS
All debts were cleared. Bts was sold at 0.0511 for everyone. If you have cash you can buy back cheaper
GO
Gustav Olly10:39:36 - 25 Nov 2018 [UTC]
Cryptokong123
All debts were cleared. Bts was sold at 0.0511 for everyone. If you have cash you can buy back cheaper
how?
C
Crypto Kong10:40:02 - 25 Nov 2018 [UTC]
Global settlement
GO
Gustav Olly10:42:35 - 25 Nov 2018 [UTC]
Do they sell at the current settlement price?
C
Crypto Kong10:44:13 - 25 Nov 2018 [UTC]
?
C
Crypto Kong10:45:12 - 25 Nov 2018 [UTC]
Read pinned message and scroll down for explanation of global settlement, sometimes reffered to as black swan. Should help get an understanding of whats happened.
R
R10:45:24 - 25 Nov 2018 [UTC]
Did global settlement occur?
C
Crypto Kong10:45:39 - 25 Nov 2018 [UTC]
Yes
S
Stefan10:46:52 - 25 Nov 2018 [UTC]
Crypto_owwn
Do they sell at the current settlement price?
It wasn't sold, the positions were moved to the global settlement fund
C
Crypto Kong10:52:37 - 25 Nov 2018 [UTC]
Yes, sorry bad terminology on my part
C
Crypto Kong10:53:11 - 25 Nov 2018 [UTC]
Users reveived a rate of 0.0511 to clear their debt i should have said
C๐ง
C.P. Bentley Pixel ๐ง๐ช10:54:06 - 25 Nov 2018 [UTC]
how is the dai handling the situation compared to bitshares?
LH
Lรช ฤแปฉc Hรนng10:56:47 - 25 Nov 2018 [UTC]
Cryptokong123
Users reveived a rate of 0.0511 to clear their debt i should have said
yah, so i am
KL
Kristin Low10:58:56 - 25 Nov 2018 [UTC]
I guess you could theoretically cover a margin position with a prediction market asset? Create staggered predictions and find takers. Maybe too many moving pieces...
M
Mathew11:01:01 - 25 Nov 2018 [UTC]
Cryptokong123
All debts were cleared. Bts was sold at 0.0511 for everyone. If you have cash you can buy back cheaper
I can't even see the price at the minute, my whole viewing approach is shot with bitUSD gone
M
Mathew11:01:45 - 25 Nov 2018 [UTC]
By buy back cheaper you mean get fiat in?
C
Crypto Kong11:01:55 - 25 Nov 2018 [UTC]
matle85
By buy back cheaper you mean get fiat in?
Yeah
C
Crypto Kong11:03:26 - 25 Nov 2018 [UTC]
If you had a debt of $1k on dex, just buy $1k worth of bts now and youll have about 15% more bts and have just moved tge debt from dex to your bank account
C๐ง
C.P. Bentley Pixel ๐ง๐ช11:06:05 - 25 Nov 2018 [UTC]
clockworkgr
https://steemit.com/bitshares/@haruka/detailed-mechanism-of-global-settlement-black-swan-and-reviving-of-bitassets
great post
DM
Dmitry Mantis11:11:03 - 25 Nov 2018 [UTC]
To be fair, I've missed this cryptocasino action till the start of this week)
DM
Dmitry Mantis11:12:23 - 25 Nov 2018 [UTC]
Has anyone any links to description of reviving after GS? Is there any approximate time to get price back to 1:1?
R
R11:13:45 - 25 Nov 2018 [UTC]
dmantis
Has anyone any links to description of reviving after GS? Is there any approximate time to get price back to 1:1?
Bsip 18. If the bts price keeps dropping then this could last a while. If you want to borrow an usd bitasset you should consider hertz ๐
GO
Gustav Olly11:14:42 - 25 Nov 2018 [UTC]
settelment BTS price now 0.042665. How I can buy BTS at this price?
DM
Dmitry Mantis11:15:07 - 25 Nov 2018 [UTC]
I see that BTC could be sold as 4100 when everywhere 3500.
DM
Dmitry Mantis11:15:29 - 25 Nov 2018 [UTC]
So it's an interesting question of get back to normal.
R
R11:16:15 - 25 Nov 2018 [UTC]
dmantis
So it's an interesting question of get back to normal.
It's a matter of time, literally when moon past gs price. If btc keeps dumping hard then it may be a while.
C
Crypto Kong11:16:40 - 25 Nov 2018 [UTC]
Crypto_owwn
settelment BTS price now 0.042665. How I can buy BTS at this price?
Settling bitUSD will be at GS price of 0.0511 now and will be instant rather than 24 hour delay
FH
Fluke Hawkins11:21:27 - 25 Nov 2018 [UTC]
hi guys
FH
Fluke Hawkins11:21:58 - 25 Nov 2018 [UTC]
what is the bitshare developers stuck with 3sec block?
why not 2 seconds or 1 second?
GO
Gustav Olly11:22:12 - 25 Nov 2018 [UTC]
Cryptokong123
Settling bitUSD will be at GS price of 0.0511 now and will be instant rather than 24 hour delay
Should I press button "Settle" opposite bitusd on dashboard to sell at the GS price?
DM
Dmitry Mantis11:23:38 - 25 Nov 2018 [UTC]
Cryptokong123
Settling bitUSD will be at GS price of 0.0511 now and will be instant rather than 24 hour delay
Maybe I miss something - does that mean that I can sell BTS for 0.048 and with 100% guarantee get them back with settlement with (0.0511 - 0.048) profit?
D
Dima BLCKCHND11:24:05 - 25 Nov 2018 [UTC]
dmantis
Maybe I miss something - does that mean that I can sell BTS for 0.048 and with 100% guarantee get them back with settlement with (0.0511 - 0.048) profit?
Yep
FH
Fluke Hawkins11:26:41 - 25 Nov 2018 [UTC]
blockchained
Yep
@blockchained
hi there
what is the bitshare developers stuck with 3sec block?
why not 2 seconds or 1 second/block?
Do you know why?
D
Dima BLCKCHND11:28:21 - 25 Nov 2018 [UTC]
Dose it really matter? All tx sent approximately 1.5s
C
Crypto Kong11:28:36 - 25 Nov 2018 [UTC]
dmantis
Maybe I miss something - does that mean that I can sell BTS for 0.048 and with 100% guarantee get them back with settlement with (0.0511 - 0.048) profit?
It means you can settle bitUSD for a rate of 0.0511
C
Crypto Kong11:29:00 - 25 Nov 2018 [UTC]
Which is currently higher than market price so wouldnt make any sense
FH
Fluke Hawkins11:29:24 - 25 Nov 2018 [UTC]
blockchained
Dose it really matter? All tx sent approximately 1.5s
just interested what will happened is bitshare go with 1 sec/block
D
Dima BLCKCHND11:31:31 - 25 Nov 2018 [UTC]
FlukeHawkins
just interested what will happened if bitshares go with 1 sec/block
On stress test we did it nothing happened everything worked smoothly
PM
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Fluke Hawkins11:33:25 - 25 Nov 2018 [UTC]
blockchained
On stress test we did it nothing happened everything worked smoothly
how many nodes did u used in your test?
SW
Sarahdonald Whitepaperpro11:33:48 - 25 Nov 2018 [UTC]
Heey guys
U
Uncle dunkle11:34:08 - 25 Nov 2018 [UTC]
is this bitusd GS a first in history of bts?
N
nutela11:36:26 - 25 Nov 2018 [UTC]
Oh great I lost like 6000 BTS for $350 what a deal
D
Dima BLCKCHND11:37:45 - 25 Nov 2018 [UTC]
FlukeHawkins
how many nodes did u used in your test?
http://docs.bitshares.eu/_downloads/bitshares-stresstest.pdf
GO
Gustav Olly11:39:34 - 25 Nov 2018 [UTC]
Cryptokong123
Which is currently higher than market price so wouldnt make any sense
But if the market price will higher than 0.0511, will be settle price still 0.0511?
C
Crypto Kong11:39:59 - 25 Nov 2018 [UTC]
Crypto_owwn
But if the market price will higher than 0.0511, will be settle price still 0.0511?
Yup once price rises above it will offer an opportunity to bitusd holders
N
nutela11:40:37 - 25 Nov 2018 [UTC]
So all that added collatoral for nothing...
N
nutela11:40:57 - 25 Nov 2018 [UTC]
Should’ve let it get margin called sooner.
OG
One Geneko11:41:24 - 25 Nov 2018 [UTC]
Ask Bsip42
FH
Fluke Hawkins11:41:55 - 25 Nov 2018 [UTC]
blockchained
http://docs.bitshares.eu/_downloads/bitshares-stresstest.pdf
SORRY /
\ /
\ This page does /
] not exist yet.
N
nutela11:42:27 - 25 Nov 2018 [UTC]
I was at 1.8 collateral ratio yesterday ๐
GO
Gustav Olly11:43:26 - 25 Nov 2018 [UTC]
How to see how many more BTS are left for sale at the settle price?
GO
Gustav Olly11:43:57 - 25 Nov 2018 [UTC]
Cryptokong123
Yup once price rises above it will offer an opportunity to bitusd holders
How to see how many more BTS are left for sale at the settle price?
N
nutela11:44:43 - 25 Nov 2018 [UTC]
So dang, my intuition was right…
N
nutela11:44:46 - 25 Nov 2018 [UTC]
sold 6,844.23593 BTS at 0.0511 bitUSD/BTS for order #94282
N
nutela11:45:03 - 25 Nov 2018 [UTC]
I was thinking adding more collateral
N
nutela11:45:21 - 25 Nov 2018 [UTC]
Now I know how does African countries feel like...
LH
Lรช ฤแปฉc Hรนng11:45:28 - 25 Nov 2018 [UTC]
nut3l4
sold 6,844.23593 BTS at 0.0511 bitUSD/BTS for order #94282
๐ญ๐ญ
R
R11:46:53 - 25 Nov 2018 [UTC]
uncledunkleo
is this bitusd GS a first in history of bts?
No, other bitassets have gs before
N
nutela11:47:44 - 25 Nov 2018 [UTC]
So adding collateral in a down trend is not the best idea… Better to fail fast...
GO
Gustav Olly11:50:46 - 25 Nov 2018 [UTC]
Crypto_owwn
How to see how many more BTS are left for sale at the settle price?
On http://cryptofresh.com/a/USD Settlement fund?
N
nutela11:50:59 - 25 Nov 2018 [UTC]
Now I’m wondering if it will go any lower and at least put some of the remaining BTS as collatoral to buy more and sell later ๐ค Risky...
N
nutela11:51:13 - 25 Nov 2018 [UTC]
Like asking if the hit the bottom...
R
R11:51:18 - 25 Nov 2018 [UTC]
nut3l4
Now I’m wondering if it will go any lower and at least put some of the remaining BTS as collatoral to buy more and sell later ๐ค Risky...
Hertz or cny?
N
nutela11:51:34 - 25 Nov 2018 [UTC]
Oh it hertz bad for sure ๐
N
nutela11:52:11 - 25 Nov 2018 [UTC]
cmmob
Hertz or cny?
BTS
N
nutela11:53:00 - 25 Nov 2018 [UTC]
Cheapper would be to buy for fiat actually...
R
R11:53:01 - 25 Nov 2018 [UTC]
nut3l4
BTS, to recover my loss, if bottom, then rebuy at bottom, on borrowed bitUSD…
Can't borrow any more usd until gs resolved.
N
nutela11:53:26 - 25 Nov 2018 [UTC]
cmmob
Can't borrow any more usd until gs resolved.
Ah.. so do I get my BTS back? ๐ข
N
nutela11:53:34 - 25 Nov 2018 [UTC]
(I’m joking)
R
R11:53:40 - 25 Nov 2018 [UTC]
nut3l4
Ah.. so do I get my BTS back? ๐ข
Not if it was in a margin position lol
N
nutela11:54:05 - 25 Nov 2018 [UTC]
cmmob
Not if it was in a margin position lol
Do you have some salt to rub it in? ๐
N
nutela11:54:59 - 25 Nov 2018 [UTC]
Should’ve listened to you and speculated on Hertz instead? ๐
N
nutela11:55:37 - 25 Nov 2018 [UTC]
Btw makes me think of that Kowala stable coin which burns it’s own token…
R
R11:55:46 - 25 Nov 2018 [UTC]
nut3l4
Should’ve listened to you and speculated on Hertz instead? ๐
It's still active, no gs yet there, in the trough right now
N
nutela11:57:48 - 25 Nov 2018 [UTC]
I wonder if I should place a buy order, I wish I could buy bitUSD or bitEUR directly ๐
N
nutela12:03:43 - 25 Nov 2018 [UTC]
Or if I’m really honest, I was thinking about ditching BTS for EOS…
D
Dima BLCKCHND12:06:48 - 25 Nov 2018 [UTC]
FlukeHawkins
SORRY This page does not exist yet.
https://bitsharestalk.org/index.php/topic,23829.0.html
N
nutela12:07:35 - 25 Nov 2018 [UTC]
@octomatic was right, plenty of good work to be done on BitShares and I personally I’m thinking about starting next year.. but maybe I’ll start sooner
N
nutela12:08:30 - 25 Nov 2018 [UTC]
How do you feel about coding on BitShares @cmmob ?
R
R12:10:20 - 25 Nov 2018 [UTC]
nut3l4
How do you feel about coding on BitShares @cmmob ?
You mean making bitasset scripts? Or ui/core dev?
N
nutela12:11:01 - 25 Nov 2018 [UTC]
cmmob
You mean making bitasset scripts? Or ui/core dev?
The latter but I do wonder how you came about Hertz...
N
nutela12:11:34 - 25 Nov 2018 [UTC]
Were you ever interviewed or did you just talk on the hangouts?
R
R12:12:54 - 25 Nov 2018 [UTC]
nut3l4
Were you ever interviewed or did you just talk on the hangouts?
Talked on hangouts about announcements, sure. Hz was a few price feed scripts not too difficult, re core/ui you'd struggle to find better than our bts devs imo ๐ they're the best hah
N
nutela12:13:31 - 25 Nov 2018 [UTC]
I tried to understand Hertz, read quite a few posts but I just couldn’t see it’s use beyond being like a betting game, with it’s periodicity and people betting on it..?
R
R12:14:03 - 25 Nov 2018 [UTC]
nut3l4
I tried to understand Hertz, read quite a few posts but I just couldn’t see it’s use beyond being like a betting game, with it’s periodicity and people betting on it..?
Bitusd is a betting game too for shorters
N
nutela12:14:43 - 25 Nov 2018 [UTC]
cmmob
Talked on hangouts about announcements, sure. Hz was a few price feed scripts not too difficult, re core/ui you'd struggle to find better than our bts devs imo ๐ they're the best hah
Honestly I thought Bitcoin was < BTS until I learned from Andreas “Aanontop” that PoW provides massive security even when 100% collude…
R
R12:15:21 - 25 Nov 2018 [UTC]
nut3l4
Honestly I thought Bitcoin was < BTS until I learned from Andreas “Aanontop” that PoW provides massive security even when 100% collude…
Pow is trash destroying this planet.
N
nutela12:15:26 - 25 Nov 2018 [UTC]
cmmob
Bitusd is a betting game too for shorters
I’m not really familiar with shorting.. I kind of know how it works but not really..
N
nutela12:15:48 - 25 Nov 2018 [UTC]
cmmob
Pow is trash destroying this planet.
I disagree, it’s actually a feature…
N
nutela12:16:26 - 25 Nov 2018 [UTC]
Even if 100% miners would collude you’d still have to redo all that work, i.e. spend all that energy for a double spend…
N
nutela12:18:37 - 25 Nov 2018 [UTC]
With (Bitcoin) PoW It’s like not so simple black & white… The designers really thought about have a secure form of money… it’s really is like digital gold.. But I’m still not expert so..
N
nutela12:19:51 - 25 Nov 2018 [UTC]
Actually having BTC as collateral for bitAssets wouldn’t be a bad idea out of a security stand point… You’d have the best of both worlds…
R
R12:20:16 - 25 Nov 2018 [UTC]
nut3l4
I disagree, it’s actually a feature…
It's certainly a feature, but it's an expensive one for our planet.
R
R12:20:38 - 25 Nov 2018 [UTC]
nut3l4
Actually having BTC as collateral for bitAssets wouldn’t be a bad idea out of a security stand point… You’d have the best of both worlds…
You'd need to rely on a gateway eba, if you don't mind that then it's very easy to implement.
N
nutela12:20:45 - 25 Nov 2018 [UTC]
cmmob
It's certainly a feature, but it's an expensive one for our planet.
True no doubt about that but do be aware of things like PJKbook...
N
nutela12:21:30 - 25 Nov 2018 [UTC]
cmmob
You'd need to rely on a gateway eba, if you don't mind that then it's very easy to implement.
Well, there’s this thing called fractional reserve… and we don’t have HTL contracts yet… But they are being worked on?
R
R12:22:11 - 25 Nov 2018 [UTC]
nut3l4
Well, there’s this thing called fractional reserve… and we don’t have HTL contracts yet… But they are being worked on IIRC?
Htl wouldn't be compatible afaik because they can't be divided once brought onto the bts dex, they're whole units/chunks of deposited btc.
N
nutela12:22:40 - 25 Nov 2018 [UTC]
cmmob
Htl wouldn't be compatible afaik because they can't be divided once brought onto the bts dex, they're whole units/chunks of deposited btc.
Aw… didn’t know that! I was actually wondering about it…
S
Stefan12:23:25 - 25 Nov 2018 [UTC]
cpbentley
how is the dai handling the situation compared to bitshares?
I think they pumped 8,5kk to keep it running
N
nutela12:23:30 - 25 Nov 2018 [UTC]
cmmob
Htl wouldn't be compatible afaik because they can't be divided once brought onto the bts dex, they're whole units/chunks of deposited btc.
That’s a real good eye opener! If you think about it, yes of course!
HD
Harry wilfred Davis12:24:39 - 25 Nov 2018 [UTC]
Join now!!!
Send a private message to me .I will teach you how to earn over $2000 weekly through bitcoin mining. You don’t send money to anyone. You do the process yourself. Just have your ios,android or pc for this and little investment. And i get just 10% of your total project payout as my commission. Only serious people please! Message now let’s make you some good money!!!!
N
nutela12:24:44 - 25 Nov 2018 [UTC]
cmmob
Htl wouldn't be compatible afaik because they can't be divided once brought onto the bts dex, they're whole units/chunks of deposited btc.
But maybe they could do swaps? Like having their own BTC or swapping that.. having it in smaller pieces… ๐ค I think it would be really messy though...
HD
Harry wilfred Davis12:24:55 - 25 Nov 2018 [UTC]
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N
nutela12:26:21 - 25 Nov 2018 [UTC]
But as an idea to have BTC as collateral isn’t a bad idea as long as you don’t interface with FIAT because unfortunately all crypto is much more volatile against FIAT then among each other...
J
JonnyB12:27:17 - 25 Nov 2018 [UTC]
Btc as collateral makes a lot of sense to me
S
Slavi La Libertad12:28:40 - 25 Nov 2018 [UTC]
A sad thing that usdoperator lost 17M BTS (created by our trading fees)... Need a new careful strategy for OMO fund. Do not borrow at all...
N
nutela12:28:51 - 25 Nov 2018 [UTC]
Going back to GS.. What makes me mad is that some ppl had much lower collateral far lower than 175% yet I was thinking to be pretty safe… Yesterday I had 180%.. this morning I see all is sold..
S
Slavi La Libertad12:29:33 - 25 Nov 2018 [UTC]
nut3l4
Going back to GS.. What makes me mad is that some ppl had much lower collateral far lower than 175% yet I was thinking to be pretty safe… Yesterday I had 180%.. this morning I see all is sold..
Thanks to bsip42?
S
Slavi La Libertad12:30:06 - 25 Nov 2018 [UTC]
Mylimbsarelong
Btc as collateral makes a lot of sense to me
Not a bad idea, but how it could be done...
N
nutela12:30:11 - 25 Nov 2018 [UTC]
This GS seems pretty unfair to me, IMHO all those lower collateralized accounts should have been settled sooner..
N
nutela12:30:37 - 25 Nov 2018 [UTC]
memset
Thanks to bsip42?
I’m not sure if it is thanks to bsip42
S
Slavi La Libertad12:30:40 - 25 Nov 2018 [UTC]
nut3l4
This GS seems pretty unfair to me, IMHO all those lower collateralized accounts should have been settled sooner..
Agree.
N
nutela12:30:58 - 25 Nov 2018 [UTC]
memset
Agree.
So am I right?
N
nutela12:31:51 - 25 Nov 2018 [UTC]
What would’ve happened if those lesser collaterilzed accounts would have been sold as soon as they were below 175%? -> I think we would have put of the GS?
F
fractalnode12:32:06 - 25 Nov 2018 [UTC]
RUBLE and bitEUR without BSIP42
they are both in quite good condition
N
nutela12:32:14 - 25 Nov 2018 [UTC]
I mean people with higher collateral loose more money!
N
nutela12:32:54 - 25 Nov 2018 [UTC]
fractalnode
RUBLE and bitEUR without BSIP42
they are both in quite good condition
Well, I don’t like to hear I paid for somebody’s experiment...
S
Slavi La Libertad12:33:08 - 25 Nov 2018 [UTC]
I mean that bsip42's price feeds made something that allowed tp have 120% as collateral for example. Margin calls were not with 10% reward, and nobody wanted to buy overpriced margin calls for a long time.
N
nutela12:33:10 - 25 Nov 2018 [UTC]
But I don’t want to spread FUD here.
N
nutela12:34:22 - 25 Nov 2018 [UTC]
memset
I mean that bsip42's price feeds made something that allowed tp have 120% as collateral for example. Margin calls were not with 10% reward, and nobody wanted to buy overpriced margin calls for a long time.
Not with or not within?
S
Slavi La Libertad12:35:36 - 25 Nov 2018 [UTC]
nut3l4
But I don’t want to spread FUD here.
Not fud, just thinking about how to improve something in the future.
N
nutela12:35:50 - 25 Nov 2018 [UTC]
I hope somebody will write an in-depth __factual__ post about the GS and bsip42
N
nutela12:36:14 - 25 Nov 2018 [UTC]
memset
Not fud, just thinking about how to improve something in the future.
Yeah me too, but I don’t know enough about it.
N
nutela12:37:17 - 25 Nov 2018 [UTC]
But in essence this is great, at least I hope things improve, bad decisions are good when they lead to improvements.
N
nutela12:38:20 - 25 Nov 2018 [UTC]
Actually I didn’t vote for bsip42.. I didn’t know however it was only for bitUSD..
M
My seal12:38:21 - 25 Nov 2018 [UTC]
What is this black swan you talk about and yes we're do you come up with your numbers? I'm curious to say the least?
F
fractalnode12:42:16 - 25 Nov 2018 [UTC]
nut3l4
Actually I didn’t vote for bsip42.. I didn’t know however it was only for bitUSD..
I don't think i was only for bitUSD
feed price for bitCNY it is atm +19% above market price on CEX
F
fractalnode12:42:56 - 25 Nov 2018 [UTC]
zb.com - 0.3254
DEX feed price 0.387611
AG
Alfredo Garcia12:44:58 - 25 Nov 2018 [UTC]
yea, on the contract bsip 42 started at cny only then extended to usd
AG
Alfredo Garcia12:45:39 - 25 Nov 2018 [UTC]
and that was the problem apparently, however i don't know if usd had blackswaned anyways without bsip42
FS
Fabian Schuh 12:46:35 - 25 Nov 2018 [UTC]
oxarbitrage
and that was the problem apparently, however i don't know if usd had blackswaned anyways without bsip42
It would have had a GS even earlier ...
N
nutela12:46:57 - 25 Nov 2018 [UTC]
xeroc
It would have had a GS even earlier ...
Which would have been cheaper!
M
Mathew12:49:16 - 25 Nov 2018 [UTC]
xeroc
It would have had a GS even earlier ...
Hi Xeroc, would you support lowering the margin sell price to "10% below the feed price OR the Dex price."?
FS
Fabian Schuh 12:50:00 - 25 Nov 2018 [UTC]
In USD, I would only support the feed price reflecting the fair price going forward..
S
Slavi La Libertad12:50:10 - 25 Nov 2018 [UTC]
oxarbitrage
and that was the problem apparently, however i don't know if usd had blackswaned anyways without bsip42
May be it would be blackswaned, but later and with right feed prices.
Anyway, it's late. Time to learn the lessons. :)
N
nutela12:50:28 - 25 Nov 2018 [UTC]
Did you guys talk about GS instead of selling undercollaterolized positions as they go under?
FS
Fabian Schuh 12:50:31 - 25 Nov 2018 [UTC]
Yes.. lessons to be learned here
M
Mathew12:50:52 - 25 Nov 2018 [UTC]
Margins not clearing is 100% the number one lesson that has to be dealt with
FS
Fabian Schuh 12:50:53 - 25 Nov 2018 [UTC]
nut3l4
Did you guys talk about GS instead of selling undercollaterolized positions as they go under?
I dont geth what you say
M
Mathew12:51:21 - 25 Nov 2018 [UTC]
This is genuinely gutting for the platform
N
nutela12:52:05 - 25 Nov 2018 [UTC]
xeroc
I dont geth what you say
Like I said before, I saw a lot of accounts with collateral a lot lower than 1.75.. some of 1.1 even, yesterday I had 1.8
N
nutela12:52:45 - 25 Nov 2018 [UTC]
So when people who had 1.1 get margin called but me who has 1.75 or 1.74 I pay the price which is unfair.
FS
Fabian Schuh 12:52:46 - 25 Nov 2018 [UTC]
Undercollateralized means < 1.0
N
nutela12:53:01 - 25 Nov 2018 [UTC]
xeroc
Undercollateralized means < 1.0
OK I meant under 1.75
G(
George (Bitspark)12:53:18 - 25 Nov 2018 [UTC]
lots of ppl including me, jonny bitcoin and others were against bsip42 when it was proposed, its not new knowledge fiddling with price feeds was retarded idea and removing the premium for arb between dex/cex
FS
Fabian Schuh 12:53:19 - 25 Nov 2018 [UTC]
nut3l4
So when people who had 1.1 get margin called but me who has 1.75 or 1.74 I pay the price which is unfair.
I agree .. Thats why devs discuss another way of dealing with GS .. abit made a good proposal
N
nutela12:54:20 - 25 Nov 2018 [UTC]
xeroc
I agree .. Thats why devs discuss another way of dealing with GS .. abit made a good proposal
Which one was that?
B
bench12:54:52 - 25 Nov 2018 [UTC]
over a few weeks there was a discussion about bsip 42 and not get eaten Margin positions
F
fractalnode12:54:57 - 25 Nov 2018 [UTC]
a fair feed price would be enough
N
nutela12:55:25 - 25 Nov 2018 [UTC]
So what I would like to know, is it true that quite a few accounts with collateral << 1.75 were wiped out with accounts ~< 1.75?
B
bench12:55:37 - 25 Nov 2018 [UTC]
the result was, market price manipulation is not a valid solution to this problem
AG
Alfredo Garcia12:55:50 - 25 Nov 2018 [UTC]
i unfortunately never was able to make an opinion regarding bsip42, i had been working on understanding some more about how all this work as part of my work i am doing to test and review the fix abit provided for MCR bug. however i was not able to fully understand everything in time to make an statement. my apologies for that.
B
bench12:56:10 - 25 Nov 2018 [UTC]
this happens, when things get ignored
FS
Fabian Schuh 12:56:24 - 25 Nov 2018 [UTC]
nut3l4
Which one was that?
Remove call orders of individual positions only and do a GS only in the case the TOTAL collateralization becomes insufficirnt
N
nutela12:56:56 - 25 Nov 2018 [UTC]
xeroc
Remove call orders of individual positions only and do a GS only in the case the TOTAL collateralization becomes insufficirnt
Right, that’s sounds about what I’d do ๐ Not sure if I read that thread...
R
R12:56:59 - 25 Nov 2018 [UTC]
xeroc
Remove call orders of individual positions only and do a GS only in the case the TOTAL collateralization becomes insufficirnt
Rather than the lowest 1 margin position being under collateralized? That sounds like GS would be far less likely in that situation
FS
Fabian Schuh 12:57:08 - 25 Nov 2018 [UTC]
nut3l4
So what I would like to know, is it true that quite a few accounts with collateral << 1.75 were wiped out with accounts ~< 1.75?
Every position was deal with fairly .. Its not like any of those made a better deal off of others
FS
Fabian Schuh 12:57:28 - 25 Nov 2018 [UTC]
cmmob
Rather than the lowest 1 margin position being under collateralized? That sounds like GS would be far less likely in that situation
I think so too
S
Slavi La Libertad12:57:48 - 25 Nov 2018 [UTC]
xeroc
I agree .. Thats why devs discuss another way of dealing with GS .. abit made a good proposal
Can you show a link with the proposal, please?
FS
Fabian Schuh 12:58:56 - 25 Nov 2018 [UTC]
Not sure where that discuss was, but i thinkbit was an opening thread by abitemore and it had black swan or global settlement in its title
FS
Fabian Schuh 12:59:04 - 25 Nov 2018 [UTC]
Some 4-6 weeks old maybe
AG
Alfredo Garcia12:59:19 - 25 Nov 2018 [UTC]
habibi7
this happens, when things get ignored
i think the core team that i am part of could do a little more
S
Slavi La Libertad12:59:41 - 25 Nov 2018 [UTC]
With bad-debt-account? Thanks, I'll try to find it out on forum.
M
My seal13:00:30 - 25 Nov 2018 [UTC]
nut3l4
Or if I’m really honest, I was thinking about ditching BTS for EOS… Then again, who has a nice stable coin? Margin trading… BitShares ๐ค You know I’m glad the BitShares works, and I hope it will work better and better in the future, let’s toast to that! ๐ธ
I believe that it could be a pretty good site as long as you stopped cutting strings and claiming them as your own, not you per say as a couple hand full of people epically five I could count specifically. This is a warning stop you already crashed it. But it could get a lot worse if you keep taking my strings to say the least I am not happy. Wonder what the world would think knowing that it's your faults that the markets dipped like that. I have tried contacting PR yet no response I'm becoming incredibly agravated about this whole situation. You all could cause a worldwide crash way beyond bitshares and it's not just in crypto. I will be in touch just stop now please.
N
nutela13:01:14 - 25 Nov 2018 [UTC]
xeroc
Every position was deal with fairly .. Its not like any of those made a better deal off of others
Oh everyone got a different settlement price?
FS
Fabian Schuh 13:01:35 - 25 Nov 2018 [UTC]
memset
With bad-debt-account? Thanks, I'll try to find it out on forum.
Yes
FS
Fabian Schuh 13:01:59 - 25 Nov 2018 [UTC]
nut3l4
Oh everyone got a different settlement price?
Hell, no. Everyone had the same GS price ..
FS
Fabian Schuh 13:02:14 - 25 Nov 2018 [UTC]
Shorts only paid for their outstanding debt. Excess collateral was given back
N
nutela13:02:17 - 25 Nov 2018 [UTC]
xeroc
Hell, no. Everyone had the same GS price ..
So how can you call that fair?
N
nutela13:02:29 - 25 Nov 2018 [UTC]
xeroc
Shorts only paid for their outstanding debt. Excess collateral was given back
Aw…
FS
Fabian Schuh 13:02:32 - 25 Nov 2018 [UTC]
Hence, equal to all shorters
B
bench13:02:41 - 25 Nov 2018 [UTC]
because everybody got a good price
N
nutela13:02:45 - 25 Nov 2018 [UTC]
I have to comprehend it better
N
nutela13:03:12 - 25 Nov 2018 [UTC]
xeroc
Hence, equal to all shorters
If you margin trade you are a shorter?
FS
Fabian Schuh 13:03:15 - 25 Nov 2018 [UTC]
For every bitUSD that you had in debt, you had to pay your BTS in collateral .. Everyone equally
FS
Fabian Schuh 13:03:21 - 25 Nov 2018 [UTC]
nut3l4
If you margin trade you are a shorter?
Yep
N
nutela13:03:41 - 25 Nov 2018 [UTC]
xeroc
For every bitUSD that you had in debt, you had to pay your BTS in collateral .. Everyone equally
Uh but I said before there were accounts which had far below 175%!
FS
Fabian Schuh 13:04:11 - 25 Nov 2018 [UTC]
If you had 100% collateral at GS, you would not have gotten back any 'excess' collateral
N
nutela13:04:20 - 25 Nov 2018 [UTC]
So if we had GS and some had col of 1.1 or 1.2 which is << 1.75 and I had 1.75 I pay more...
N
nutela13:04:30 - 25 Nov 2018 [UTC]
xeroc
If you had 100% collateral at GS, you would not have gotten back any 'excess' collateral
Aha so all is good
M
My seal13:04:52 - 25 Nov 2018 [UTC]
Was it my debt was far less than what was taken from me
FS
Fabian Schuh 13:04:54 - 25 Nov 2018 [UTC]
nut3l4
Aha so all is good
๐
FS
Fabian Schuh 13:05:40 - 25 Nov 2018 [UTC]
Aseal_the_enlightened969
Was it my debt was far less than what was taken from me
Everyone paid roughly 20BTS per outstaning bitUSD and he paid it from the collateral. Everything left was give back to the user
N
nutela13:05:43 - 25 Nov 2018 [UTC]
xeroc
๐
Wait, if GS would have been sooner I would have more BTS now!
N
nutela13:05:56 - 25 Nov 2018 [UTC]
So sorry not all good, excuse me! ๐
FS
Fabian Schuh 13:06:14 - 25 Nov 2018 [UTC]
nut3l4
Wait, if GS would have been sooner I would have more BTS now!
In retroperspective, yes.
C
Crypto Kong13:06:25 - 25 Nov 2018 [UTC]
cmmob
It's certainly a feature, but it's an expensive one for our planet.
So are christmas lights lol
B
bench13:06:43 - 25 Nov 2018 [UTC]
when the market would work we don't need GS, and the BTS would sold earlier
N
nutela13:06:51 - 25 Nov 2018 [UTC]
I’m sure pissed I lost 6844 BTS for a measily $350 but hey… we’re in it together.. so..
S
Slavi La Libertad13:07:08 - 25 Nov 2018 [UTC]
https://bitsharestalk.org/index.php?topic=27449.0 another idea to handle black swan...
It's like "not peg - ok, don't execute global settlement, but make a floor of margin call"... Hm, I do not like it. :))
N
nutela13:07:17 - 25 Nov 2018 [UTC]
I could have added more collateral yesterday but I figured others were far more exposed.
S
Slavi La Libertad13:07:33 - 25 Nov 2018 [UTC]
nut3l4
I’m sure pissed I lost 6844 BTS for a measily $350 but hey… we’re in it together.. so..
Do not worry, many people lost much more. :)
FS
Fabian Schuh 13:08:43 - 25 Nov 2018 [UTC]
memset
Do not worry, many people lost much more. :)
Me included
B
bench13:08:46 - 25 Nov 2018 [UTC]
the problem are margin positon under 1.5 after a price correction
D
Dima BLCKCHND13:09:58 - 25 Nov 2018 [UTC]
Maybe it's a time to review a usd/cny trading fees?
B
bench13:10:33 - 25 Nov 2018 [UTC]
review the BTS fee too
N
nutela13:11:59 - 25 Nov 2018 [UTC]
memset
Do not worry, many people lost much more. :)
I’m saying I like my BTS! ๐
D
Dima BLCKCHND13:12:22 - 25 Nov 2018 [UTC]
blockchained
Maybe it's a time to review a usd/cny trading fees?
As I remember it is also an experiment
D
Dima BLCKCHND13:12:42 - 25 Nov 2018 [UTC]
Maybe time to back to old school?
S
Slavi La Libertad13:13:02 - 25 Nov 2018 [UTC]
Experimentshares.
D
Dima BLCKCHND13:13:13 - 25 Nov 2018 [UTC]
And experiment with you own MPA
N
nutela13:13:16 - 25 Nov 2018 [UTC]
xeroc
Me included
What worries me is that this stuff is hard and I wonder if voting for everybody can really work… ๐ค
M
Mathew13:13:20 - 25 Nov 2018 [UTC]
xeroc
In USD, I would only support the feed price reflecting the fair price going forward..
Adding in that it is 10% below the feed price OR Dex price would make it much more likely margins would be eaten
M
Mathew13:13:32 - 25 Nov 2018 [UTC]
Even if there is some discrepancy with the feed
M
Mathew13:13:38 - 25 Nov 2018 [UTC]
Nobody was buying those margins
N
nutela13:13:53 - 25 Nov 2018 [UTC]
matle85
Nobody was buying those margins
Because they were too high?
AM
Alex M - clockwork13:13:54 - 25 Nov 2018 [UTC]
That was the problem imho
M
Mathew13:13:54 - 25 Nov 2018 [UTC]
If they were getting sold at GS price a lot more people would have been
M
Mathew13:14:03 - 25 Nov 2018 [UTC]
I keep typing it out
AM
Alex M - clockwork13:14:12 - 25 Nov 2018 [UTC]
Instead of enforcing the bsip42 concept properly
FS
Fabian Schuh 13:14:13 - 25 Nov 2018 [UTC]
Yes, that was the problem ..
M
Mathew13:14:17 - 25 Nov 2018 [UTC]
Because seriously this is the issue unless I'm missing something
AM
Alex M - clockwork13:14:18 - 25 Nov 2018 [UTC]
We favoured longs
B
bench13:14:22 - 25 Nov 2018 [UTC]
becouse margin position had a premium to not loose the peg of bitUSD
AM
Alex M - clockwork13:14:31 - 25 Nov 2018 [UTC]
Because people would be upset at more calls
N
nutela13:14:51 - 25 Nov 2018 [UTC]
clockworkgr
Because people would be upset at more calls
Well at least they’d pay instead of me ๐
M
Mathew13:14:52 - 25 Nov 2018 [UTC]
clockworkgr
Because people would be upset at more calls
They were already being called, they just weren't losing their BTS
AM
Alex M - clockwork13:14:52 - 25 Nov 2018 [UTC]
So bsip42 was never done properly
N
nutela13:15:10 - 25 Nov 2018 [UTC]
Because if called sooner, you win...
N
nutela13:15:17 - 25 Nov 2018 [UTC]
BTS was at a higher price point then
C
Crypto Kong13:15:32 - 25 Nov 2018 [UTC]
I thibk if abits ideas is inplemented with regards to how GS is triggered then it gives more wiggle room to sort out the peg.
M
Mathew13:15:33 - 25 Nov 2018 [UTC]
BSIP42 with the 'or Dex price' adjustment would have actually helped avoid the GS
AM
Alex M - clockwork13:15:34 - 25 Nov 2018 [UTC]
matle85
They were already being called, they just weren't losing their BTS
Yes...and on the downtrend, feed price should've dropped much faster, dropping the margin floor
R
R13:15:37 - 25 Nov 2018 [UTC]
Cryptokong123
So are christmas lights lol
They're only on for a month a year max, POW is 24/7. DPOS > POS > POW ๐
M
Mathew13:16:29 - 25 Nov 2018 [UTC]
clockworkgr
Yes...and on the downtrend, feed price should've dropped much faster, dropping the margin floor
Yes I'm not arguing against BSIP42 at the minute, I'm arguing against margin call prices being at 10% below the feed price only
N
nutela13:16:33 - 25 Nov 2018 [UTC]
cmmob
They're only on for a month a year max, POW is 24/7. DPOS > POS > POW ๐
There’s actually free energy but I wonder Clif High never puts one and one together...
FS
Fabian Schuh 13:16:39 - 25 Nov 2018 [UTC]
Still, we cannot remove bsip42 from bitCNY right now
M
Mathew13:17:01 - 25 Nov 2018 [UTC]
xeroc
Still, we cannot remove bsip42 from bitCNY right now
We could introduce 10% on feed or Dex price
M
Mathew13:17:29 - 25 Nov 2018 [UTC]
That's the only responsible thing to do in my view
M
Mathew13:18:07 - 25 Nov 2018 [UTC]
Sure it sucks for big margin holders with very low collatoral but not as much as it sucks for everyone this happening
M
Mathew13:18:21 - 25 Nov 2018 [UTC]
Let's learn a quick lesson from the bitUSD disaster and protect bitCNY
FS
Fabian Schuh 13:19:43 - 25 Nov 2018 [UTC]
Thing is, you need two strategies, not just one. One for uptrend, one for downtrend, imho
FS
Fabian Schuh 13:20:02 - 25 Nov 2018 [UTC]
But these discussions should be done in the forum, here messages get lost too easily
C
Crypto Kong13:20:06 - 25 Nov 2018 [UTC]
Margin calls should be dumped straight into the buy order book and cleared at any price
AM
Alex M - clockwork13:20:44 - 25 Nov 2018 [UTC]
Cryptokong123
Margin calls should be dumped straight into the buy order book and cleared at any price
Fine in liquid markets
AM
Alex M - clockwork13:20:55 - 25 Nov 2018 [UTC]
Unfair in illiquid markets
AM
Alex M - clockwork13:21:04 - 25 Nov 2018 [UTC]
Also abusable
AM
Alex M - clockwork13:21:21 - 25 Nov 2018 [UTC]
When people's ratios nears 1.75
AM
Alex M - clockwork13:21:31 - 25 Nov 2018 [UTC]
Everyone pulls their buy orders
C
Crypto Kong13:21:36 - 25 Nov 2018 [UTC]
Unfair is people having their positions closed due to others bad management
C
Crypto Kong13:22:08 - 25 Nov 2018 [UTC]
Can you imagine a bank saying well this guy didnt pay his mortgage so were taking everyones houses
C
Crypto Kong13:23:25 - 25 Nov 2018 [UTC]
If someone gets called they should be punished... not allowed to leave the position in place getting worse and worse till it brings everyone down with it.
N
nutela13:24:05 - 25 Nov 2018 [UTC]
clockworkgr
When people's ratios nears 1.75
This you can check yourself so I don’t think it’s unfair, it’s a good rule, < 1.75 and you’re out or at risk
FS
Fabian Schuh 13:24:35 - 25 Nov 2018 [UTC]
Cryptokong123
Can you imagine a bank saying well this guy didnt pay his mortgage so were taking everyones houses
Its called bailout :)
N
nutela13:24:42 - 25 Nov 2018 [UTC]
Let me be very open and share my own account..
FS
Fabian Schuh 13:25:02 - 25 Nov 2018 [UTC]
Cryptokong123
If someone gets called they should be penalised... not allowed to leave the position in place getting worse and worse till it brings everyone down with it.
I agree .. Bsip42 removed the penalty.
N
nutela13:25:06 - 25 Nov 2018 [UTC]
As I see it, would GS have been sooner I’d lost less… but that’s ok, it’s just an example.
C
Crypto Kong13:25:25 - 25 Nov 2018 [UTC]
I understand that these rules were in place before we got involved, thats the game we chose to play but the rules need to change in regards to global settlement. Clearing bad positions should be a priority, no matter the penalty to the holder.
S
Slavi La Libertad13:25:54 - 25 Nov 2018 [UTC]
Is 0.0511 a price which can be used to settle your current bitusd immediately?
N
nutela13:26:04 - 25 Nov 2018 [UTC]
Too bad I didn’t use more collateral yesterday, I was seeing my ratio go to 1.8… so.. but then again most others were faaar lower.. so oops..
FS
Fabian Schuh 13:26:45 - 25 Nov 2018 [UTC]
memset
Is 0.0511 a price which can be used to settle (to BTS) your current bitusd immediately?
Yes
S
Slavi La Libertad13:27:03 - 25 Nov 2018 [UTC]
Cryptokong123
I understand that these rules were in place before we got involved, thats the game we chose to play but the rules need to change in regards to global settlement. Clearing bad positions should be a priority in order to avoid it, no matter the penalty to the holder.
I can bring a space for manipulations from cex... May be. ๐
N
nutela13:27:15 - 25 Nov 2018 [UTC]
Cryptokong123
I understand that these rules were in place before we got involved, thats the game we chose to play but the rules need to change in regards to global settlement. Clearing bad positions should be a priority in order to avoid it, no matter the penalty to the holder.
I think it’s bad to to anything globally… Bad debt would have been sold as they happened IMHO. KISS principle.
AM
Alex M - clockwork13:29:20 - 25 Nov 2018 [UTC]
Cryptokong123
Can you imagine a bank saying well this guy didnt pay his mortgage so were taking everyones houses
Not quite the same and don't bring banks into this. Are you suggesting we run on fractional reserve too? We could.. just allow bitusd to be undercollateralised until such time as price rises again
AM
Alex M - clockwork13:29:39 - 25 Nov 2018 [UTC]
memset
Is 0.0511 a price which can be used to settle (to BTS) your current bitusd immediately?
Yes
S
Slavi La Libertad13:30:40 - 25 Nov 2018 [UTC]
Sell bad debt with 10% fee for <1.75, 15% fee for <1.65, 20% fee for <1.50 and so on...
C
Crypto Kong13:30:47 - 25 Nov 2018 [UTC]
clockworkgr
Not quite the same and don't bring banks into this. Are you suggesting we run on fractional reserve too? We could.. just allow bitusd to be undercollateralised until such time as price rises again
Lol it was just a comparrison... im not suggesting fractional reserve at all. Im suggesting bad positions be penalised at any cost to avoid a GS settlement in future.
S
Slavi La Libertad13:30:47 - 25 Nov 2018 [UTC]
Just an idea.
AM
Alex M - clockwork13:31:06 - 25 Nov 2018 [UTC]
Point is GS happens to ensure everyone gets a fair price
AM
Alex M - clockwork13:31:34 - 25 Nov 2018 [UTC]
If it didn't happen, there are no guarantees about your collateral anymore
AM
Alex M - clockwork13:32:05 - 25 Nov 2018 [UTC]
We're only discussing this because we're all convinced bts will rise again
AM
Alex M - clockwork13:32:28 - 25 Nov 2018 [UTC]
But you can't make that assumption when it comes to GS rules...you can't speculate on it
C
Crypto Kong13:32:31 - 25 Nov 2018 [UTC]
clockworkgr
Point is GS happens to ensure everyone gets a fair price
My point is that the price might be equal but someone with a ratio of 2 being called at the same time as someone with a ratio of 1 is not fair.
AM
Alex M - clockwork13:33:07 - 25 Nov 2018 [UTC]
Cryptokong123
My point is that the price might be equal but someone with a ratio of 2 being called at the same time as someone with a ratio of 1 is not fair.
If he gets called later, there are no guarantees he will get a better deal
N
nutela13:33:08 - 25 Nov 2018 [UTC]
nut3l4
Let me be very open and share my own account..
So if I hadn’t added 4122 (actually more) in collateral I would have saved $91
C
Crypto Kong13:33:30 - 25 Nov 2018 [UTC]
I agree that GS is necessairy to keep the system whole. I just think the way its triggered and events leading up to it need to change
AM
Alex M - clockwork13:33:32 - 25 Nov 2018 [UTC]
nut3l4
So if I hadn’t added 4122 (actually more) in collateral I would have saved $91
Depends...we're you the one that triggered gs?
AM
Alex M - clockwork13:33:50 - 25 Nov 2018 [UTC]
If not , you got your collateral back so nothing changed
M
Mathew13:34:28 - 25 Nov 2018 [UTC]
Cryptokong123
If someone gets called they should be penalised... not allowed to leave the position in place getting worse and worse till it brings everyone down with it.
๐๐
M
My seal13:35:33 - 25 Nov 2018 [UTC]
xeroc
Me included
I am not so worried excepct your cutting the base strings to what 10 20 thousand or so of them that have wrapped themselves through all markets.. oh and the actor really nice touch. Sad part is you truly don't get what you did to the whole there had to be a better way. I get I maid some large errors, I would just have thought you all would like to know why I never did a route back self destruct like I could have so many months ago. I watch you all talking in the back rooms and understand that your not dumb so you obviously traced it before dismantling. Neverending of course you would have. Sorry for believing any of this would have settled on open minds and not greedy hearts but really you all should contact me I really could use some serious programming minds it could essentially be worth a lot of money if all the strings weren't severed at the exit, entrances and if they were well shit, is there c a way to reconnect them. Also I know I didn't put tons of money in in but for all done and for all lost from time, respect, my relationships, to my job and more. I feel like I could be treated a little bit better
N
nutela13:36:38 - 25 Nov 2018 [UTC]
Not quite right Alex as I said, if I hadn’t done nothing I would have saved me $91, so I did something good (added collateral) yet I paid more in the end. Just being practical here, learning, having a good strategy, this clearly wasn’t it.. And I knew, intuitivly I should maybe add collateral yesterday.. but I didn’t thinking others had far lower collaretal.. Learning my lessons ๐
M
Mathew13:36:46 - 25 Nov 2018 [UTC]
xeroc
Thing is, you need two strategies, not just one. One for uptrend, one for downtrend, imho
Completely agree overall but think it's completely irrelevant to this one particular point.
Margin calls should be dumped at 10% below the lower of the feed price or Dex price. This is valid regardless of the market.
Arguably where the 'two strategies' comes in is whether 10% is enough. In a bear market when GS starts getting closer maybe it gets pushed up to 15 or 20%.
C
Crypto Kong13:38:04 - 25 Nov 2018 [UTC]
The problem is like alex said... dumping is an easy option with enough liquidity to dump into but how do you proceed if theres no orders to dump into
R
R13:38:34 - 25 Nov 2018 [UTC]
Cryptokong123
The problem is like alex said... dumping is an easy option with enough liquidity to dump into but how do you proceed if theres no orders to dump into
force settlement?
C
Crypto Kong13:38:45 - 25 Nov 2018 [UTC]
Personally i would have individual position settled
N
nutela13:39:17 - 25 Nov 2018 [UTC]
I was just reading that Seal...
C
Crypto Kong13:39:44 - 25 Nov 2018 [UTC]
cmmob
force settlement?
Of each individual debt?
N
nutela13:39:51 - 25 Nov 2018 [UTC]
Cryptokong123
Personally i would have individual position settled
I agree much tighter to 1.75 col
R
R13:40:03 - 25 Nov 2018 [UTC]
Cryptokong123
Of each individual debt?
force settlement can trigger against multiple margin positions
N
nutela13:40:07 - 25 Nov 2018 [UTC]
Simple rules
C
Crypto Kong13:40:18 - 25 Nov 2018 [UTC]
I see
DS
Daniel Schwarz (liondani)13:40:43 - 25 Nov 2018 [UTC]
clockworkgr
if feed price stays up...we wont GS but margins wont get eaten
That's why we should have much higher the margin call protection... Instead of 10% we should have it 30% or more... Like bytemaster proposed to not have it at all specially when there is volume for tjw bitAsset... The free market would do the rest... Everybody would increase their collateral and not waiting for the blackswan....
AM
Alex M - clockwork13:40:57 - 25 Nov 2018 [UTC]
nut3l4
Not quite right Alex as I said, if I hadn’t done nothing I would have saved me $91, so I did something good (added collateral) yet I paid more in the end. Just being practical here, learning, having a good strategy, this clearly wasn’t it.. And I knew, intuitivly I should maybe add collateral yesterday.. but I didn’t thinking others had far lower collaretal.. Learning my lessons ๐
Unless you were the one to trigger GS you had no effect on the GS price
C
Crypto Kong13:41:19 - 25 Nov 2018 [UTC]
Is there a reason why positions arent individually settled as they approach 1 rather than a GS?
N
nutela13:41:55 - 25 Nov 2018 [UTC]
clockworkgr
Unless you were the one to trigger GS you had no effect on the GS price
I’m saying I could have saved me some money
AM
Alex M - clockwork13:41:58 - 25 Nov 2018 [UTC]
Cryptokong123
Is there a reason why positions arent individually settled as they approach 1 rather than a GS?
Because you can't take bitusd out of circulation
AM
Alex M - clockwork13:42:06 - 25 Nov 2018 [UTC]
nut3l4
I’m saying I could have saved me some money
How?
N
nutela13:42:20 - 25 Nov 2018 [UTC]
clockworkgr
How?
Really, do I have to repeat it 3x?
N
nutela13:42:48 - 25 Nov 2018 [UTC]
I just posted a screenshot, said it’s 4122 BTS, when I did this BTS was 0.0733
C
Crypto Kong13:42:56 - 25 Nov 2018 [UTC]
clockworkgr
Because you can't take bitusd out of circulation
Hmmm...
N
nutela13:43:19 - 25 Nov 2018 [UTC]
So I calculated if I hadn’t done anything I would have been $91. It’s not the money it’s just an example…
M
My seal13:43:22 - 25 Nov 2018 [UTC]
I know I'm a ways off here but what do you mean GS?
M
Mathew13:43:40 - 25 Nov 2018 [UTC]
https://bitsharestalk.org/index.php?topic=27452.0
S
Slavi La Libertad13:43:45 - 25 Nov 2018 [UTC]
Aseal_the_enlightened969
I know I'm a ways off here but what do you mean GS?
Global settlement.
AM
Alex M - clockwork13:44:04 - 25 Nov 2018 [UTC]
You still don't get it
M
Mathew13:44:12 - 25 Nov 2018 [UTC]
matle85
https://bitsharestalk.org/index.php?topic=27452.0
@xeroc @Cryptokong123 @clockworkgr appreciate views on this
N
nutela13:44:17 - 25 Nov 2018 [UTC]
clockworkgr
You still don't get it
Me?
AM
Alex M - clockwork13:44:24 - 25 Nov 2018 [UTC]
Let's assume for the sake of simplicity gs price was 0.05
M
Mathew13:44:28 - 25 Nov 2018 [UTC]
Better to collect them on the forum like Xeroc suggests
AM
Alex M - clockwork13:44:32 - 25 Nov 2018 [UTC]
So 20bts /usd
DS
Daniel Schwarz (liondani)13:44:39 - 25 Nov 2018 [UTC]
clockworkgr
Because you can't take bitusd out of circulation
Maybe have the option to burn bitASSETS?
AM
Alex M - clockwork13:44:43 - 25 Nov 2018 [UTC]
If you had a 100usd debt
AM
Alex M - clockwork13:44:49 - 25 Nov 2018 [UTC]
You paid 2000bts
AM
Alex M - clockwork13:45:01 - 25 Nov 2018 [UTC]
Doesn't matter if you added 5m in collateral
AM
Alex M - clockwork13:45:09 - 25 Nov 2018 [UTC]
The rest was returned to you
AM
Alex M - clockwork13:45:30 - 25 Nov 2018 [UTC]
Would only make a difference if it was your account that triggered gs
AM
Alex M - clockwork13:45:44 - 25 Nov 2018 [UTC]
Where adding collateral changed gs price
N
nutela13:45:47 - 25 Nov 2018 [UTC]
Alex I’m saying something else
AM
Alex M - clockwork13:46:30 - 25 Nov 2018 [UTC]
liondani
Maybe have the option to burn bitASSETS?
People willing to do that could just settle
AM
Alex M - clockwork13:46:38 - 25 Nov 2018 [UTC]
Thus lowering gs price
AM
Alex M - clockwork13:46:49 - 25 Nov 2018 [UTC]
Point is, not bitusd holder would do that
N
nutela13:46:51 - 25 Nov 2018 [UTC]
I’m saying that the GS was triggered either too late or too early. I think GS is the last option, now I added col when I should have sold. Just me learning from my mistakes.
N
nutela13:47:28 - 25 Nov 2018 [UTC]
Hence the $91…
AM
Alex M - clockwork13:47:36 - 25 Nov 2018 [UTC]
Well you got it back and could've sold it then :)
AM
Alex M - clockwork13:47:47 - 25 Nov 2018 [UTC]
But yeah I see what you mean
N
nutela13:47:54 - 25 Nov 2018 [UTC]
If I hadn’t done anthing I would have saved me $91. Just a point to think about.
AM
Alex M - clockwork13:48:11 - 25 Nov 2018 [UTC]
If we start adding possible trades we could have done things get convoluted
N
nutela13:48:24 - 25 Nov 2018 [UTC]
Of course I could also have added more colleral but you are saying everything was sold right?
AM
Alex M - clockwork13:48:24 - 25 Nov 2018 [UTC]
nut3l4
If I hadn’t done anthing I would have saved me $91. Just a point to think about.
Only if you'd sold bts for something else
DS
Daniel Schwarz (liondani)13:48:43 - 25 Nov 2018 [UTC]
liondani
Maybe have the option to burn bitASSETS?
I mean the system to do it if needed
AM
Alex M - clockwork13:48:43 - 25 Nov 2018 [UTC]
If you were simply gonna hold on to your bts
AM
Alex M - clockwork13:48:48 - 25 Nov 2018 [UTC]
Nothing changed
N
nutela13:48:52 - 25 Nov 2018 [UTC]
clockworkgr
Only if you'd sold bts for something else
Exactly at a (much) higher price
AM
Alex M - clockwork13:48:59 - 25 Nov 2018 [UTC]
liondani
I mean the system to do it if needed
From who?
N
nutela13:49:17 - 25 Nov 2018 [UTC]
0.0733/0.0511 = 43%
AM
Alex M - clockwork13:49:18 - 25 Nov 2018 [UTC]
Imagine someone was just paid in bitusd for work done
AM
Alex M - clockwork13:49:25 - 25 Nov 2018 [UTC]
System just takes it away?
AM
Alex M - clockwork13:49:29 - 25 Nov 2018 [UTC]
Can't do that
N
nutela13:50:39 - 25 Nov 2018 [UTC]
So yeah… the down market makes you think and realize stuff for sure! ๐
AM
Alex M - clockwork13:50:50 - 25 Nov 2018 [UTC]
nut3l4
0.0733/0.0511 = 43%
30%
AM
Alex M - clockwork13:51:08 - 25 Nov 2018 [UTC]
Point stands though
N
nutela13:51:25 - 25 Nov 2018 [UTC]
0.0733/0.0511=1.43 or what I’m I missing?
AM
Alex M - clockwork13:51:44 - 25 Nov 2018 [UTC]
You lost 0.0222
AM
Alex M - clockwork13:51:55 - 25 Nov 2018 [UTC]
Which is 30% of 0.07333
M
My seal13:52:13 - 25 Nov 2018 [UTC]
It's not my wallet it's another I'm not worried about the money that got takin I'm worried about what was left on board, and the repercussions in the other markets. It's a chain reaction. If I understood it all better from the start. Just saying either way so what caused this GS again nodes spinning empty or something else I've kissed (
AM
Alex M - clockwork13:52:20 - 25 Nov 2018 [UTC]
You don't get to choose which way you're counting from :)
N
nutela13:52:23 - 25 Nov 2018 [UTC]
clockworkgr
Which is 30% of 0.07333
Either way ๐
N
nutela13:52:46 - 25 Nov 2018 [UTC]
clockworkgr
You don't get to choose which way you're counting from :)
Huh? Why?
N
nutela13:53:49 - 25 Nov 2018 [UTC]
I really went to a bad school… That’s why I always hated math until I learned it myself and ended up with a lot of questions like that one there.
N
nutela13:58:12 - 25 Nov 2018 [UTC]
BTW bitsharestalk.io you can get upvoted?
N
nutela14:00:01 - 25 Nov 2018 [UTC]
Anyway thanks all for contributing ๐
AM
Alex M - clockwork14:02:50 - 25 Nov 2018 [UTC]
matle85
https://bitsharestalk.org/index.php?topic=27452.0
What you're suggesting is increasing mssr
AM
Alex M - clockwork14:03:01 - 25 Nov 2018 [UTC]
Not a committee param...witness fed
DS
Daniel Schwarz (liondani)14:04:48 - 25 Nov 2018 [UTC]
clockworkgr
From who?
Yeah, right... So I stick to the solution to remove the 10% protection and increase it significant... That would make shorters much more cautious...
DS
Daniel Schwarz (liondani)14:07:52 - 25 Nov 2018 [UTC]
And the markets would very quick discover fair prices..
LC
Louis C14:15:28 - 25 Nov 2018 [UTC]
At what price does bitCNY get GS?
C
Crypto Kong14:16:47 - 25 Nov 2018 [UTC]
0.3244
C
Crypto Kong14:17:41 - 25 Nov 2018 [UTC]
15% drop should do it
O
Omar14:23:02 - 25 Nov 2018 [UTC]
Somebody really wanted this gs to happen
O
Omar14:23:54 - 25 Nov 2018 [UTC]
I even remember someone promoting buying more bts using margin
O
Omar14:25:07 - 25 Nov 2018 [UTC]
People have been viped out completely
M
Mathew14:46:35 - 25 Nov 2018 [UTC]
clockworkgr
Not a committee param...witness fed
Ok but witness change parameters based on committee guidance? Or do I just raise a worker proposal and ask people to vote for it?
AM
Alex M - clockwork14:47:09 - 25 Nov 2018 [UTC]
matle85
Ok but witness change parameters based on committee guidance? Or do I just raise a worker proposal and ask people to vote for it?
No...committee has nothing to do with it
AM
Alex M - clockwork14:47:34 - 25 Nov 2018 [UTC]
Worker would do it...but should be quite a solid write-up on why
R
R14:47:50 - 25 Nov 2018 [UTC]
paathi
People have been viped out completely
That's the risk they took ๐คท♂️
O
Omar14:50:53 - 25 Nov 2018 [UTC]
Yeah but in a cex people would not loose everything. Many things are different and critical. But yeah in the end nobody can be blamed instead of people themselves.
C
Crypto Kong14:54:00 - 25 Nov 2018 [UTC]
price on the dex has been higher than GS. Does that mean bitUSD holders can now settle and buy back cheaper? is there a way or place we can see if this is happening?
O
Omar14:54:02 - 25 Nov 2018 [UTC]
Investor confidence is lost in bitshares
O
Omar14:54:14 - 25 Nov 2018 [UTC]
Because of such events
J
JonnyB14:56:19 - 25 Nov 2018 [UTC]
liondani
Yeah, right... So I stick to the solution to remove the 10% protection and increase it significant... That would make shorters much more cautious...
yes increase mssr to 20%
R
R15:00:07 - 25 Nov 2018 [UTC]
paathi
Yeah but in a cex people would not loose everything. Many things are different and critical. But yeah in the end nobody can be blamed instead of people themselves.
Cex don't offer such usd borrowing
R
R15:00:49 - 25 Nov 2018 [UTC]
paathi
Investor confidence is lost in bitshares
In bitusd maybe but there are many alternative bitassets that can be used instead
C
Crypto Kong15:01:45 - 25 Nov 2018 [UTC]
i dont think investor confidence is broken. I think novice traders are disheartened.
C
Crypto Kong15:02:43 - 25 Nov 2018 [UTC]
I personally think the likes of alex, steffan, xeroc will learn from this and push smartcoins and the mechanisms behind them in the right direction. At the end of the day, your investing in a new evolving technology.
C
Crypto Kong15:03:19 - 25 Nov 2018 [UTC]
The whole point of investing is that your making a bet things will improve over the years
R
R15:03:48 - 25 Nov 2018 [UTC]
Cryptokong123
I personally think the likes of alex, steffan, xeroc will learn from this and push smartcoins and the mechanisms behind them in the right direction. At the end of the day, your investing in a new evolving technology.
You can be doing your part by evaluating and commenting on bsips ๐
R
R15:04:10 - 25 Nov 2018 [UTC]
Be the change you wish to see in bitshares
C
Crypto Kong15:04:17 - 25 Nov 2018 [UTC]
cmmob
You can be doing your part by evaluating and commenting on bsips ๐
I need to get more involved in github, i keep meaning to.
O
Omar15:04:47 - 25 Nov 2018 [UTC]
I saw very big whales also have been wiped out. Just thinking about Chinese now. I presume culture there is much different and people do think differently than westerners. I think bitshares will get effected if there is gs in bitCNY.
C
Crypto Kong15:04:59 - 25 Nov 2018 [UTC]
Ive previously raised issues and had my feature requests implemented into the dex, it was awesome to see that ANYONE can get involved and make a difference
N
nutela15:06:15 - 25 Nov 2018 [UTC]
Looking to the future BTS ATH was (for me) 0.89, I rebought at 0.44 and 0.30, 0.19 don’t remember all. Now it’s around 5 cents so that’s 17.8x to ATH, BTC being around 4k that’s only ~ 5x to BTC ATH. Is BitShares still a good investment?
C
Crypto Kong15:06:44 - 25 Nov 2018 [UTC]
nut3l4
Looking to the future BTS ATH was (for me) 0.89, I rebought at 0.44 and 0.30, 0.19 don’t remember all. Now it’s around 5 cents so that’s 17.8x to ATH, BTC being around 4k that’s only ~ 5x to BTC ATH. Is BitShares still a good investment?
I think so.
AM
Alex M - clockwork15:06:50 - 25 Nov 2018 [UTC]
My MAIN takeaway from latest events is that I'm surprised at how few people truly understand bitassets mechanics
AM
Alex M - clockwork15:07:01 - 25 Nov 2018 [UTC]
No wonder some people got burnt hard
C
Crypto Kong15:07:03 - 25 Nov 2018 [UTC]
clockworkgr
My MAIN takeaway from latest events is that I'm surprised at how few people truly understand bitassets mechanics
๐๐๐
AM
Alex M - clockwork15:07:19 - 25 Nov 2018 [UTC]
We need to do a better job educating people
AM
Alex M - clockwork15:07:28 - 25 Nov 2018 [UTC]
It's on us as much as them
C
Crypto Kong15:07:29 - 25 Nov 2018 [UTC]
yup
R
R15:07:43 - 25 Nov 2018 [UTC]
clockworkgr
We need to do a better job educating people
Mandatory video + bitasset quiz before unlocking 'borrow' ability? ๐
N
nutela15:07:58 - 25 Nov 2018 [UTC]
cmmob
That's the risk they took ๐คท♂️
Wait, couldn’t it be price went much lower and __then__ triggered GS?
AY
Ammar Yousef15:07:59 - 25 Nov 2018 [UTC]
clockworkgr
It's on us as much as them
Im trying to do so on ioBanker
C
Crypto Kong15:08:14 - 25 Nov 2018 [UTC]
Theres only so much you can do though... look how many people dont write their password down after three checkboxes
AY
Ammar Yousef15:08:19 - 25 Nov 2018 [UTC]
Also it has to be simplified
R
R15:08:25 - 25 Nov 2018 [UTC]
nut3l4
Wait, couldn’t it be price went much lower and then triggered GS?
bts price yes, that's what happened
C
Crypto Kong15:08:40 - 25 Nov 2018 [UTC]
but a pop up notice when borrowing bitUSD wouldnt hurt
N
nutela15:08:48 - 25 Nov 2018 [UTC]
clockworkgr
My MAIN takeaway from latest events is that I'm surprised at how few people truly understand bitassets mechanics
Well, are you surprised?
AM
Alex M - clockwork15:09:28 - 25 Nov 2018 [UTC]
Yeah for the most part
C
Crypto Kong15:09:34 - 25 Nov 2018 [UTC]
From all this my main concern is how the Open market operations were handled so badly
AM
Alex M - clockwork15:09:46 - 25 Nov 2018 [UTC]
cmmob
Mandatory video + bitasset quiz before unlocking 'borrow' ability? ๐
Laugh all you want...that's an excellent idea
C
Crypto Kong15:09:47 - 25 Nov 2018 [UTC]
For me that is a bigger issue than bsip42
N
nutela15:09:55 - 25 Nov 2018 [UTC]
clockworkgr
Yeah for the most part
Well maybe the good news is that you know and the bad is other don’t ๐
N
nutela15:10:27 - 25 Nov 2018 [UTC]
Borrowing at 175% is a really bad deal ๐
AM
Alex M - clockwork15:10:41 - 25 Nov 2018 [UTC]
AmmarYousef
Also it has to be simplified
Not very possible...core of it is very simple... The added mechanics to prevent abuse are what's complez
N
nutela15:10:55 - 25 Nov 2018 [UTC]
But for a HODLer it makes sense… until GS… that is ๐ข
N
nutela15:11:44 - 25 Nov 2018 [UTC]
cmmob
bts price yes, that's what happened
So that’s a bad thing.. better to do GS when price is higher...
AY
Ammar Yousef15:12:50 - 25 Nov 2018 [UTC]
clockworkgr
Not very possible...core of it is very simple... The added mechanics to prevent abuse are what's complez
I believe we have mechanics to whitelist and blacklist plus trusting particular gateways and coins
R
R15:13:03 - 25 Nov 2018 [UTC]
nut3l4
So that’s a bad thing.. better to do GS when price is higher... IMHO
Nah, the lower the price that GS triggers the better, because then there's a greater chance we go over the GS price. If USD had GS'd at $0.80 and not recovered then you wouldn't be able to borrow any new USD until the price recovered to that ATH.
N
nutela15:13:40 - 25 Nov 2018 [UTC]
cmmob
Nah, the lower the price that GS triggers the better, because then there's a greater chance we go over the GS price (bsip18 recovery). If USD had GS'd at $0.80 and not recovered then you wouldn't be able to borrow any new USD until the price recovered to that ATH.
Oh really? I didn’t know it worked that way! ๐ค Now I really know what I don’t know.
C
Crypto Kong15:13:58 - 25 Nov 2018 [UTC]
Once bitUSD is reactivated, I would like to see two things. I would like to see a proper discussion on restarting open market operations but with more involvement of the community and a better agreed strategy rather than just bitcrab saying how it is. I would also like to see changes to how GS is triggered.
N
nutela15:13:59 - 25 Nov 2018 [UTC]
bsip18 is new?
R
R15:14:13 - 25 Nov 2018 [UTC]
nut3l4
bsip18 is new?
no, it's been active for over a year
AY
Ammar Yousef15:14:49 - 25 Nov 2018 [UTC]
I believe everyone of us is responsible for protecting his interface and frontend
N
nutela15:15:45 - 25 Nov 2018 [UTC]
Well I thought for a long time BitShares was just 175% collateral and all sprung from that.
AY
Ammar Yousef15:17:27 - 25 Nov 2018 [UTC]
The beautiful thing about this is the freedom, I believe bad behaviors on the network must get stopped using filtration
C
Crypto Kong15:22:55 - 25 Nov 2018 [UTC]
just bought 8bitUSD and settled it, doing my bit for the cause lol
AM
Alex M - clockwork15:24:16 - 25 Nov 2018 [UTC]
Cryptokong123
just bought 8bitUSD and settled it, doing my bit for the cause lol
buy under 19.5354
C
Crypto Kong15:24:20 - 25 Nov 2018 [UTC]
price was only 0.05114 so that was a freebie lol
AM
Alex M - clockwork15:24:32 - 25 Nov 2018 [UTC]
anything under 19.5354 will net you a profit in BTS
C
Crypto Kong15:24:55 - 25 Nov 2018 [UTC]
๐
AM
Alex M - clockwork15:25:10 - 25 Nov 2018 [UTC]
(and help the cause)
AM
Abit More15:25:22 - 25 Nov 2018 [UTC]
Cryptokong123
just bought 8bitUSD and settled it, doing my bit for the cause lol
8 usd? worth the fee?
C
Crypto Kong15:25:24 - 25 Nov 2018 [UTC]
clockworkgr
anything under 19.5354 will net you a profit in BTS
please delete this message. i dont need help from others lol
C
Crypto Kong15:25:33 - 25 Nov 2018 [UTC]
abitmore
8 usd? worth the fee?
probably not
C
Crypto Kong15:25:41 - 25 Nov 2018 [UTC]
๐
C
Crypto Kong15:25:46 - 25 Nov 2018 [UTC]
how much is the fee
C
Crypto Kong15:25:47 - 25 Nov 2018 [UTC]
??
C
Crypto Kong15:25:53 - 25 Nov 2018 [UTC]
dont tell me its like 100 bts lol
AM
Alex M - clockwork15:26:03 - 25 Nov 2018 [UTC]
0.1%
C
Crypto Kong15:26:09 - 25 Nov 2018 [UTC]
ah ok
C
Crypto Kong15:26:27 - 25 Nov 2018 [UTC]
clockworkgr
anything under 19.5354 will net you a profit in BTS
have you taken into account the fee in this price?
AM
Alex M - clockwork15:26:30 - 25 Nov 2018 [UTC]
+ settle operation fee
AM
Alex M - clockwork15:26:36 - 25 Nov 2018 [UTC]
cant rememebr how much that is
C
Crypto Kong15:26:51 - 25 Nov 2018 [UTC]
clockworkgr
+ settle operation fee
yeah thats what i was was asking really
AM
Alex M - clockwork15:27:04 - 25 Nov 2018 [UTC]
0.05 BTS
CC
Cryptick Cryptick15:27:05 - 25 Nov 2018 [UTC]
Wow, Global settlement. This could be interesting....
AM
Alex M - clockwork15:27:08 - 25 Nov 2018 [UTC]
for LTM
AM
Alex M - clockwork15:27:20 - 25 Nov 2018 [UTC]
negligible
C
Crypto Kong15:27:25 - 25 Nov 2018 [UTC]
0.058
C
Crypto Kong15:27:34 - 25 Nov 2018 [UTC]
according to cryptofresh
C
Crypto Kong15:28:37 - 25 Nov 2018 [UTC]
@clockworkgr would you expect price to stay around 0.0511 until the collateral pool is cleared?
AM
Abit More15:28:37 - 25 Nov 2018 [UTC]
oh thought it's 200 bts
AM
Abit More15:28:42 - 25 Nov 2018 [UTC]
when we lowered it?
AM
Abit More15:28:44 - 25 Nov 2018 [UTC]
and why?
C
Crypto Kong15:29:01 - 25 Nov 2018 [UTC]
obviously it might drift up but would make sense for traders to keep bringing it back down
AM
Alex M - clockwork15:29:24 - 25 Nov 2018 [UTC]
abitmore
oh thought it's 200 bts
unless im looking at teh rong operation?
AM
Alex M - clockwork15:29:46 - 25 Nov 2018 [UTC]
ASSET SETTLEMENT isnt it?
C
Crypto Kong15:31:00 - 25 Nov 2018 [UTC]
the only operations around the 200 bts mark are worker creation, witness creation, 5 character UIA creation
C
Crypto Kong15:32:34 - 25 Nov 2018 [UTC]
Is there a way to see how much of the collected collateral is left from people settling? which account is it held in?
AM
Alex M - clockwork15:32:57 - 25 Nov 2018 [UTC]
no acocunt
AM
Alex M - clockwork15:33:01 - 25 Nov 2018 [UTC]
bitasset data object
AM
Alex M - clockwork15:33:07 - 25 Nov 2018 [UTC]
cant remember id rigth now
C
Crypto Kong15:33:23 - 25 Nov 2018 [UTC]
oh ok
N
nutela15:35:19 - 25 Nov 2018 [UTC]
clockworkgr
anything under 19.5354 will net you a profit in BTS
How did you guys arrive at this number (assuming it’s $0.19)
AM
Alex M - clockwork15:35:35 - 25 Nov 2018 [UTC]
no
AM
Alex M - clockwork15:35:50 - 25 Nov 2018 [UTC]
19.5354 bts per bitusd
AM
Alex M - clockwork15:35:56 - 25 Nov 2018 [UTC]
so just over 5 cents
DS
Daniel Schwarz (liondani)15:37:35 - 25 Nov 2018 [UTC]
clockworkgr
bitasset data object
Would be good we have that information on the gui in future..
O
Omar15:37:37 - 25 Nov 2018 [UTC]
Why can't i settle my margin trade when collateral under 1.75? I want to save what is left of my bitshares holdings.
C
Crypto Kong15:47:57 - 25 Nov 2018 [UTC]
liondani
Would be good we have that information on the gui in future..
agreed
F
Forex15:50:32 - 25 Nov 2018 [UTC]
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J
Jeff16:00:06 - 25 Nov 2018 [UTC]
xeroc
Remove call orders of individual positions only and do a GS only in the case the TOTAL collateralization becomes insufficirnt
This makes sense. As I said earlier, when one mortgage defaults the bank doesn't take everyone's house.
J
Jeff16:01:19 - 25 Nov 2018 [UTC]
nut3l4
How did you guys arrive at this number (assuming it’s $0.19)
No, that is $.0511
M
Mathew16:06:41 - 25 Nov 2018 [UTC]
xeroc
Remove call orders of individual positions only and do a GS only in the case the TOTAL collateralization becomes insufficirnt
Agree this makes more sense
C
Crypto Kong16:06:42 - 25 Nov 2018 [UTC]
Jedebel
This makes sense. As I said earlier, when one mortgage defaults the bank doesn't take everyone's house.
lol i was wondering who i stole that off ๐
J
Jeff16:07:09 - 25 Nov 2018 [UTC]
clockworkgr
My MAIN takeaway from latest events is that I'm surprised at how few people truly understand bitassets mechanics
I completely agree. Far too many don't have any idea how the system really works.
J
Jeff16:08:09 - 25 Nov 2018 [UTC]
Cryptokong123
lol i was wondering who i stole that off ๐
No worries! lol
N
nutela16:08:11 - 25 Nov 2018 [UTC]
clockworkgr
19.5354 bts per bitusd
Aw ok, getting really visual with my math here. I thought you had some idea about BTS true value. ;) getting some scope on some insider info hint hint ;) I'm joking ๐
J
Jeff16:09:19 - 25 Nov 2018 [UTC]
I'll send you a bill๐๐
D
Dima BLCKCHND16:10:08 - 25 Nov 2018 [UTC]
liondani
Would be good we have that information on the gui in future..
add you ideas here https://goo.gl/forms/JdKPD0LyoYJG1dm22
please
N
nutela16:11:48 - 25 Nov 2018 [UTC]
Jedebel
I completely agree. Far too many don't have any idea how the system really works.
I see some paid positions for PR ๐ I mean it.
N
nutela16:13:00 - 25 Nov 2018 [UTC]
Jedebel
I'll send you a bill๐๐
OMG I was offline I swear haha no coincidence can't be!
J
Jeff16:17:01 - 25 Nov 2018 [UTC]
GS is painful for shorters but the system worked and proves the integrity of the system. Definitely room for improvement on how we deal with undercollaterilized positions and I am confident the community and devs will put forth some good alternatives.
C
Crypto Kong16:27:45 - 25 Nov 2018 [UTC]
I'm actually hopefull I can buy back all my BTS cheaper anyway now... realisticly market is probably gonna drop further down and BTS is kind of pegged until all that collateral is back in circulation
CR
Charles Robert16:28:40 - 25 Nov 2018 [UTC]
Hi
J
Jeff16:32:43 - 25 Nov 2018 [UTC]
Cryptokong123
I'm actually hopefull I can buy back all my BTS cheaper anyway now... realisticly market is probably gonna drop further down and BTS is kind of pegged until all that collateral is back in circulation
I'm right there with you. Lol
N
nutela17:03:18 - 25 Nov 2018 [UTC]
Jedebel
GS is painful for shorters but the system worked and proves the integrity of the system. Definitely room for improvement on how we deal with undercollaterilized positions and I am confident the community and devs will put forth some good alternatives.
Shorters are betting on things to go down no? Longers are hodlers?
C
Crypto Kong17:09:42 - 25 Nov 2018 [UTC]
yes but generally in bitshares shorters are people who are short USD as you have to short it into existance, ie: sell it for it to enter circulation.
N
nutela17:10:57 - 25 Nov 2018 [UTC]
Cryptokong123
yes but generally in bitshares the term shorters is used for people who are short USD as you have to short it into existance, ie: borrow it and then sell it for it to enter circulation.
Err ๐
N
nutela17:11:05 - 25 Nov 2018 [UTC]
Wut?
C
Crypto Kong17:11:31 - 25 Nov 2018 [UTC]
if you are short on one asset of a trading pair you are long on the other asset
C
Crypto Kong17:11:44 - 25 Nov 2018 [UTC]
just like if you sell something you are also buying the other
C
Crypto Kong17:12:03 - 25 Nov 2018 [UTC]
yes?
C
Crypto Kong17:12:36 - 25 Nov 2018 [UTC]
๐๐คฃ
C
Crypto Kong17:12:57 - 25 Nov 2018 [UTC]
its confusing... once you get your head round it... its fairly simple
CR
Charles Robert17:16:44 - 25 Nov 2018 [UTC]
๐
B
bench17:17:00 - 25 Nov 2018 [UTC]
Cryptokong123
Once bitUSD is reactivated, I would like to see two things. I would like to see a proper discussion on restarting open market operations but with more involvement of the community and a better agreed strategy rather than just bitcrab saying how it is. I would also like to see changes to how GS is triggered. These two things done properly could make a big defference.
๐
N
nutela17:26:48 - 25 Nov 2018 [UTC]
Cryptokong123
yes?
Yes
N
nutela17:27:07 - 25 Nov 2018 [UTC]
Cryptokong123
its confusing... once you get your head round it... its fairly simple
Thanks
N
nutela17:30:01 - 25 Nov 2018 [UTC]
On GS and a good future!
N
nutela17:30:38 - 25 Nov 2018 [UTC]
And get those fiat on ramps otherwise I'll be investing in wine instead ๐
C
Crypto Kong17:35:24 - 25 Nov 2018 [UTC]
nut3l4
And get those fiat on ramps otherwise I'll be investing in wine instead ๐
its not an investment if you drink it lol
C
Crypto Kong17:35:45 - 25 Nov 2018 [UTC]
more fun though ๐
N
nutela17:40:38 - 25 Nov 2018 [UTC]
Cryptokong123
more fun though ๐
Exactly ๐
N
nutela17:40:45 - 25 Nov 2018 [UTC]
And you can share it too ๐
N
nutela17:40:58 - 25 Nov 2018 [UTC]
But only locally..
N
nutela17:44:14 - 25 Nov 2018 [UTC]
Good stuff ๐๐ท
C
Crypto Kong17:45:29 - 25 Nov 2018 [UTC]
nut3l4
And you can share it too ๐
yeah but why would you?
C
Crypto Kong17:45:31 - 25 Nov 2018 [UTC]
lol
N
nutela17:46:34 - 25 Nov 2018 [UTC]
Cryptokong123
yeah but why would you?
Well, like I read if you share love you get more of it… So sharing a good wine is like double the fun.
N
nutela17:47:21 - 25 Nov 2018 [UTC]
+ you won’t get as drunk and the opposite sex can be inspired to do all kinds of stuff!
N
nutela17:47:40 - 25 Nov 2018 [UTC]
Who knows right?
N
nutela17:52:52 - 25 Nov 2018 [UTC]
If you look at BitShares it’s -94.96% ATH > BCH! which is 4th place Mcap but -96.22% ATH BIG difference!
U
unsoindovo17:53:05 - 25 Nov 2018 [UTC]
Hi all. No one can explain me the latest price dump?
N
nutela17:53:28 - 25 Nov 2018 [UTC]
unso_indo_vo
Hi all. No one can explain me the latest price dump?
Thank you
It’s Craig Wright
N
nutela17:58:11 - 25 Nov 2018 [UTC]
I’m sorry guy, I really don’t know but let’s blame CW ;) Could be part of it…
N
nutela17:59:58 - 25 Nov 2018 [UTC]
Hmm really interesting.. Isn’t Maker the collateral for DAI? ๐ค
R
R18:02:57 - 25 Nov 2018 [UTC]
nut3l4
Hmm really interesting.. Isn’t Maker the collateral for DAI? ๐ค
Isn't it eth/btc?
C
Crypto Kong18:04:46 - 25 Nov 2018 [UTC]
unso_indo_vo
Hi all. No one can explain me the latest price dump?
Thank you
when people sell the price dumps
Z
Z318:10:02 - 25 Nov 2018 [UTC]
it seems that the black swan happened with bitusd... shouldn't be that all biy usd shoul be converted to bts.. because I still have my bitusd
C
Crypto Kong18:18:04 - 25 Nov 2018 [UTC]
Z3
it seems that the black swan happened with bitusd... shouldn't be that all biy usd shoul be converted to bts.. because I still have my bitusd
only the debts are cleared
AY
Ammar Yousef18:25:24 - 25 Nov 2018 [UTC]
Something wrong with bitshares.eu referral system
AY
Ammar Yousef18:25:58 - 25 Nov 2018 [UTC]
Something is wrong with bitshares eu referral page
AM
Alex M - clockwork18:29:06 - 25 Nov 2018 [UTC]
AmmarYousef
Something is wrong with bitshares eu referral page
@xeroc made many changes last couple of days...
AY
Ammar Yousef18:29:50 - 25 Nov 2018 [UTC]
Is this effecting the registration referral?
AY
Ammar Yousef18:30:08 - 25 Nov 2018 [UTC]
Im using it in my front
AY
Ammar Yousef18:30:20 - 25 Nov 2018 [UTC]
It was working yesterday
AY
Ammar Yousef18:33:40 - 25 Nov 2018 [UTC]
The faucet is working fine, just checked it but the analysis page is not
N
nutela18:44:54 - 25 Nov 2018 [UTC]
cmmob
Isn't it eth/btc?
Yeah I thought Eth!
N
nutela18:45:31 - 25 Nov 2018 [UTC]
https://messari.io/onchainfx/view/BFA9B4AD BTS 40th place according to ATH
U
unsoindovo19:08:58 - 25 Nov 2018 [UTC]
Cryptokong123
when people sell the price dumps
Hem hem. Really? ๐ด
U
unsoindovo19:09:52 - 25 Nov 2018 [UTC]
Any news to justify latest massive dump?
