Bitshares DEX Telegram History

litepresence14:30:04 - 10 Feb 2019 [UTC]

http://docs.bitshares.org/bitshares/tutorials/uia-create-manual.html#issuing-shares

litepresence14:30:13 - 10 Feb 2019 [UTC]

http://docs.bitshares.org/bitshares/tutorials/uia-create-manual.html#issuing-shares

Zealous Wang14:30:25 - 10 Feb 2019 [UTC]

I created a transaction: "ISSUE ASSET"

Zealous Wang14:30:39 - 10 Feb 2019 [UTC]

I think that will work for ISSUE asset

litepresence14:30:58 - 10 Feb 2019 [UTC]

@cmmob can you whitelist me in this channel so I can post links?

litepresence14:31:02 - 10 Feb 2019 [UTC]

h ttp://docs.bitshares.org/bitshares/tutorials/uia-create-manual.html#issuing-shares

Zealous Wang14:31:46 - 10 Feb 2019 [UTC]

h ttp://prntscr.com/mj561b

Zealous Wang14:32:02 - 10 Feb 2019 [UTC]

Please check my issued asset

Zealous Wang14:32:26 - 10 Feb 2019 [UTC]

That shows new Asset is issued successfully?

Zealous Wang14:35:50 - 10 Feb 2019 [UTC]

@litepresence , did you check my message?

louise14:37:16 - 10 Feb 2019 [UTC]

Few months back i was scrolling through and reading posts in groups just like you're doing now, i had no intention of investing a penny in bitcoin mining or whatever. i just enjoyed reading testimonies of different people making thousands of dollars in bitcoin, it all seem like a play, it was just too good to be true.. Then i thought to myself, what if this is it? what if this is my only way of earning without having to work all day and night-shifts. I took a bold step to invest with Mr meldrick Jackson who i've read so much good reports about. i invested in his trade platform and got paid like every other investors. Contact Mr Ramswaroop Yadav

Joe, Son of Bob, Uncle to Tom15:14:30 - 10 Feb 2019 [UTC]

https://www.ccn.com/this-magazine-ranked-ethereum-the-2nd-best-blockchain-protocol-bitcoin-didnt-make-the-list

Joe, Son of Bob, Uncle to Tom15:15:48 - 10 Feb 2019 [UTC]

http://risingblockchain.com/files/rb3-top100.pdf

John R15:39:14 - 10 Feb 2019 [UTC]

Joe_son_of_Bob_Uncle_to_Tom

https://www.ccn.com/this-magazine-ranked-ethereum-the-2nd-best-blockchain-protocol-bitcoin-didnt-make-the-list

Joe, you always bring interesting links to my attention

Joe, Son of Bob, Uncle to Tom15:39:52 - 10 Feb 2019 [UTC]

John R

Joe, you always bring interesting links to my attention

👍

Dary Owen18:13:40 - 10 Feb 2019 [UTC]

At first I was sacred of scam... That why I started with just $40 but now I have withdrew more than $3000 Try and see for your self getcryptodaily.club/?ref=lizzy ‎Open this link to join my WhatsApp Group: https://chat.whatsapp.com/DSFAJyYvkzWKVZLf3XBEy1 https://t.me/getcryptodaily

Slavi La Libertad18:29:45 - 10 Feb 2019 [UTC]

http://cryptofresh.com/p/1.10.19410 2 BTS for a transfer? 8 cents...

Alex M - clockwork18:30:46 - 10 Feb 2019 [UTC]

memset

http://cryptofresh.com/p/1.10.19410 2 BTS for a transfer? 8 cents...

1.8 cents for LTM but yeah

Slavi La Libertad18:34:02 - 10 Feb 2019 [UTC]

Yeah, for LTM. It's like a discount card for wallmart. :) No card - no fun.

Alex M - clockwork18:34:31 - 10 Feb 2019 [UTC]

you can get LTM for like20$ right now

Alex M - clockwork18:34:47 - 10 Feb 2019 [UTC]

for a few more days

R18:34:59 - 10 Feb 2019 [UTC]

Worth it, also provides access to referrals

Alex M - clockwork18:35:13 - 10 Feb 2019 [UTC]

still...avg btc tx fee is 20 cents

Slavi La Libertad18:35:19 - 10 Feb 2019 [UTC]

Any thoughts how it could influence to liquidity on DEX? Especially for bots' trading.

Alex M - clockwork18:35:28 - 10 Feb 2019 [UTC]

ltc is 2.5cents

Stefan18:35:47 - 10 Feb 2019 [UTC]

And EOS is free :P

Alex M - clockwork18:35:55 - 10 Feb 2019 [UTC]

memset

Any thoughts how it could influence to liquidity on DEX? Especially for bots' trading.

well

Alex M - clockwork18:36:19 - 10 Feb 2019 [UTC]

20$ a day (500 BTS) is 10k filled orders or 100k order cancels

Slavi La Libertad18:36:22 - 10 Feb 2019 [UTC]

clockworkgr

you can get LTM for like20$ right now

Need to let people know about the special... "Last days to get a cheap LTM! Hurry up, buy or die!" :)

Alex M - clockwork18:36:50 - 10 Feb 2019 [UTC]

not a trader at all but still seems cheap to me

Alex M - clockwork18:37:01 - 10 Feb 2019 [UTC]

gateway fees are more of an issue imho

Alex M - clockwork18:37:09 - 10 Feb 2019 [UTC]

market fees i mean

Dima BLCKCHND18:38:04 - 10 Feb 2019 [UTC]

sschiessl

And EOS is free :P

Slavi La Libertad18:38:06 - 10 Feb 2019 [UTC]

Ok, thanks. Let's see. Anyway it can be changed back in a time.

Alex M - clockwork18:40:47 - 10 Feb 2019 [UTC]

sschiessl

And EOS is free :P

well...if we move to a different model , i dotn mind

Alex M - clockwork18:41:02 - 10 Feb 2019 [UTC]

but as long as we stick with the current one, it needs to make sense

Stefan18:42:25 - 10 Feb 2019 [UTC]

I suppose people will come now and voice their opinion, so we ll see. Good that fee change doesn't need a protocol upgrade :)

Slavi La Libertad18:43:32 - 10 Feb 2019 [UTC]

x40 for limit_order_create/cancel sounds a huge move.

Alex M - clockwork18:46:51 - 10 Feb 2019 [UTC]

memset

x40 for limit_order_create/cancel sounds a huge move.

about 6x of that is due to bts price mvoe alone since last adjustment

Fabian Schuh18:59:40 - 10 Feb 2019 [UTC]

sschiessl

And EOS is free :P

not really. you need to hold sufficient EOS

Alex M - clockwork19:00:28 - 10 Feb 2019 [UTC]

xeroc

not really. you need to hold sufficient EOS

and EOS price fluctuations really throw off your budgeting which is gonna be a bitch for large dapps

Fabian Schuh19:00:50 - 10 Feb 2019 [UTC]

not even talking about RAM or CPU

Fabian Schuh19:01:31 - 10 Feb 2019 [UTC]

funny thing with EOS: the tech scales fine, but the economics (IMHO) do not ..

Slavi La Libertad19:12:37 - 10 Feb 2019 [UTC]

clockworkgr

about 6x of that is due to bts price mvoe alone since last adjustment

Anyway it seems that it's so high. But time will show... Imho gradually increasing is better.

Alex M - clockwork19:15:01 - 10 Feb 2019 [UTC]

fwiw it should be even higher imho

Alex M - clockwork19:15:24 - 10 Feb 2019 [UTC]

Whether we agree or not with the fee model is a different story

Alex M - clockwork19:15:39 - 10 Feb 2019 [UTC]

As long as we're using it though, it has to be sustainable

tbone19:17:55 - 10 Feb 2019 [UTC]

clockworkgr

about 6x of that is due to bts price mvoe alone since last adjustment

massive fee volatility is a problem. we really need fees to adjust dynamically

Slavi La Libertad19:18:21 - 10 Feb 2019 [UTC]

tbone123

massive fee volatility is a problem. we really need fees to adjust dynamically

Dima BLCKCHND19:20:00 - 10 Feb 2019 [UTC]

memset

Any thoughts how it could influence to liquidity on DEX? Especially for bots' trading.

RIP liquidity bots

Slavi La Libertad19:20:07 - 10 Feb 2019 [UTC]

😢😭

Stefan19:23:51 - 10 Feb 2019 [UTC]

xeroc

funny thing with EOS: the tech scales fine, but the economics (IMHO) do not ..

True

R19:24:13 - 10 Feb 2019 [UTC]

clockworkgr

market fees i mean

No market fees on hertz nor the norns.

Fabian Schuh19:27:06 - 10 Feb 2019 [UTC]

blockchained

RIP liquidity bots

if you cannot make a profit with your business, you shouldnt run that business.

Fabian Schuh19:27:57 - 10 Feb 2019 [UTC]

i do expect spreads to slightly increase .. i also expect traders to use more sophisticated strategies.. but i do not expect a sharp drop in trading activitx

Dima BLCKCHND19:28:10 - 10 Feb 2019 [UTC]

xeroc

if you cannot make a profit with your business, you shouldnt run that business.

where I'm talking about business?

Channel_Bot19:28:11 - 10 Feb 2019 [UTC]

🏆 Best channel on Telegram for Altcoins signals & pumps! 💰 Massive profits on the trades! up to 300%++ 📆 Next pump signal upcoming soon! [🔗 Join Telegram channel here!](https://t.me/joinchat/AAAAAFK4X9Q6MpC36MyKqQ)

Fabian Schuh19:28:35 - 10 Feb 2019 [UTC]

if people run dexbot for the lulz, the fee increase doent change that

Fabian Schuh19:29:04 - 10 Feb 2019 [UTC]

blockchained

where I'm talking about business?

else .. i may have misunderstoof your

Fabian Schuh19:29:10 - 10 Feb 2019 [UTC]

statement..

tbone19:29:44 - 10 Feb 2019 [UTC]

xeroc

if you cannot make a profit with your business, you shouldnt run that business.

how can a business plan when the fees are absurdly volatile?

Fabian Schuh19:30:03 - 10 Feb 2019 [UTC]

tbone123

how can a business plan when the fees are absurdly volatile?

it was very long discussed that fees will change ..

Dima BLCKCHND19:30:09 - 10 Feb 2019 [UTC]

xeroc

i do expect spreads to slightly increase .. i also expect traders to use more sophisticated strategies.. but i do not expect a sharp drop in trading activitx

let's make a screen of blockactivity

Fabian Schuh19:30:10 - 10 Feb 2019 [UTC]

fees havent changed in months

Slavi La Libertad19:30:11 - 10 Feb 2019 [UTC]

I've got an idea... High fees -> less transactions -> less blockchain size -> profit. :)

Dima BLCKCHND19:30:24 - 10 Feb 2019 [UTC]

#tx

Fabian Schuh19:30:35 - 10 Feb 2019 [UTC]

it was also well known that the current fees are temporary to bring in traders

Valera Cogut19:31:09 - 10 Feb 2019 [UTC]

guys help me understand please some things, maybe I'm wrong, but, are fees impact liquidity or not ?

Dima BLCKCHND19:31:32 - 10 Feb 2019 [UTC]

xeroc

it was also well known that the current fees are temporary to bring in traders

0.1% on bitUSD and bitCNY was also temporary, isn't it?

Valera Cogut19:31:53 - 10 Feb 2019 [UTC]

if fees impact liquidity so dropping fees means increasing liquidity and vice versa ? right ?

Crypto Kong19:32:11 - 10 Feb 2019 [UTC]

valeracogut

guys help me understand please some things, maybe I'm wrong, but, are fees impact liquidity or not ?

Yes a fee increase will affect liquidity, no doubt. We need to see how much an affect and weigh up whats more important the amount of liquidity lost vs extra fees earned

Valera Cogut19:32:34 - 10 Feb 2019 [UTC]

Cryptokong123

Yes a fee increase will affect liquidity, no doubt. We need to see how much an affect and weigh up whats more important the amount of liquidity lost vs extra fees earned

Thanks for reply 👍

tbone19:32:35 - 10 Feb 2019 [UTC]

xeroc

it was also well known that the current fees are temporary to bring in traders

that's fine. but the fee changes are massively compounded by BTS price volatility. this could be fixed. we here, of all people, understand the value of price stability, no?

Crypto Kong19:33:35 - 10 Feb 2019 [UTC]

If everyone used staggered orders on dexbot it would help stabalise bts price as staggered orders resists price change

litepresence19:34:30 - 10 Feb 2019 [UTC]

To maintain dynamic orders on book; 3 buy 3 sell, every 5 minutes is 1728 operations daily. I think this is a very reasonable thing; should be considered "good". This cost 288*6*57/10^5 = 1 bishare a day; 365 a year if all are cancelled, none transact. It costs up to 10 bitshares a day; 3650 annually if they all transact. the propsed increase is 50X. 18k bitshares annualy if all orders are cancelled. on 100k bitshare investment that is 18% loss on the year in flat fee at minimum to overcome. if all scalp orders placed through the year transact it is a cost of 180k bitshares flat fee you must overcome with your 100,000 size investment.

Slavi La Libertad19:34:52 - 10 Feb 2019 [UTC]

Cryptokong123

Yes a fee increase will affect liquidity, no doubt. We need to see how much an affect and weigh up whats more important the amount of liquidity lost vs extra fees earned

Let's take a look at blocktivity.info in a month. Today BitShares has ~1.7M tx/day.

litepresence19:35:00 - 10 Feb 2019 [UTC]

Slavi La Libertad19:35:38 - 10 Feb 2019 [UTC]

blockchained

0.1% on bitUSD and bitCNY was also temporary, isn't it?

Really. Guys, let's cancel 0.1% for usd and cny. Why not to create a proposal?

Slavi La Libertad19:37:37 - 10 Feb 2019 [UTC]

litepresence

I like your approach. 👌

litepresence19:40:10 - 10 Feb 2019 [UTC]

unfortuantely I'm turning it off and no longer supporting BTS:OPEN.BTC margins after fee change.

Dima BLCKCHND19:42:04 - 10 Feb 2019 [UTC]

#tx

Dima BLCKCHND19:43:06 - 10 Feb 2019 [UTC]

let's watch in couple of month

tbone19:44:35 - 10 Feb 2019 [UTC]

is raising trading fees going to have a substantial impact on profitability? if not, then it makes even less sense to price liquidity bots out

tbone19:46:35 - 10 Feb 2019 [UTC]

either way, we can't keep allowing fees to swing so much based on BTS volatility. it's not a difficult problem to fix. we should just do it already. it's time.

vvk19:47:02 - 10 Feb 2019 [UTC]

memset

Really. Guys, let's cancel 0.1% for usd and cny. Why not to create a proposal?

Yeah, where are there fees? Lost in GS and margin-calls. Thnx bitcrab

tbone19:47:27 - 10 Feb 2019 [UTC]

also, a simple maker/taker fee model would probably help reduce fees for liquidity providers

tbone19:49:09 - 10 Feb 2019 [UTC]

without liquidity, THERE IS NO POINT to any of this

Alex M - clockwork19:51:38 - 10 Feb 2019 [UTC]

tbone123

also, a simple maker/taker fee model would help reduce fees for liquidity providers

Agree there

K大

king 大头19:52:14 - 10 Feb 2019 [UTC]

bts现在多少价位

Alex M - clockwork19:52:30 - 10 Feb 2019 [UTC]

tbone123

either way, we can't keep allowing fees to swing so much based on BTS volatility. it's not a difficult problem to fix. we should just do it already. it's time.

Agree there too

tbone19:53:38 - 10 Feb 2019 [UTC]

@clockworkgr 👍

Jonathan Bahai19:54:37 - 10 Feb 2019 [UTC]

tbone123

without liquidity, THERE IS NO POINT to any of this

Well.. given the new features being introduced there is a chance it could make up the difference... but ultimately the dex volume is being cannibalized to support external exchanges if that happens

tbone19:56:04 - 10 Feb 2019 [UTC]

JBahai

Well.. given the new features being introduced there is a chance it could make up the difference... but ultimately the dex volume is being cannibalized to support external exchanges if that happens

can you be more specific?

Jonathan Bahai20:00:07 - 10 Feb 2019 [UTC]

tbone123

can you be more specific?

Htlc for example has been talked about as a means for external exchanges being able to store balances on bitshares for their own exchanges

Alex M - clockwork20:06:37 - 10 Feb 2019 [UTC]

tbone123

is raising trading fees going to have a substantial impact on profitability? if not, then it makes even less sense to price liquidity bots out

dex profitability you mean?

Alex M - clockwork20:07:36 - 10 Feb 2019 [UTC]

it will at least pay for the witnesses i think

Alex M - clockwork20:08:07 - 10 Feb 2019 [UTC]

as it was, the chain lost like 0.9 BTS on every block

Alex M - clockwork20:08:20 - 10 Feb 2019 [UTC]

subsidizing operations to about 90%

Alex M - clockwork20:08:36 - 10 Feb 2019 [UTC]

see here: https://steemit.com/bitshares/@clockwork/bitshares-fees-the-fee-schedule-and-dex-profitability

funkit20:08:41 - 10 Feb 2019 [UTC]

An increase is ok, but be more vigilant as the market situation improves. Also see to it that goals are met. Stealth, trustless gateways and other goodies.

Alex M - clockwork20:09:03 - 10 Feb 2019 [UTC]

bts price increase will immediately make a difference...

Alex M - clockwork20:09:09 - 10 Feb 2019 [UTC]

plan is to adjust much more often

funkit20:09:28 - 10 Feb 2019 [UTC]

Good 😊

Alex M - clockwork20:10:57 - 10 Feb 2019 [UTC]

fwiw, trading activity (order create/order cancel etc.) is a grand total of 500 BTS/day income for the reserve pool

Alex M - clockwork20:11:09 - 10 Feb 2019 [UTC]

if you guys dont see the problem with this

Alex M - clockwork20:11:33 - 10 Feb 2019 [UTC]

( a dex that makes 20$ a day on 100s of thousands of trades /day)

Alex M - clockwork20:11:37 - 10 Feb 2019 [UTC]

i cant help

funkit20:16:27 - 10 Feb 2019 [UTC]

After doing a few transactions on newdex I'm not at all scared.

i#20:25:07 - 10 Feb 2019 [UTC]

clockworkgr

plan is to adjust much more often

then why not phase in the increases gradually?

R20:31:27 - 10 Feb 2019 [UTC]

ihashfury

then why not phase in the increases gradually?

One could see the last few months of undervalued fees as offsetting the sudden change in fees, to a degree

litepresence20:33:04 - 10 Feb 2019 [UTC]

https://www.nytimes.com/2018/01/25/sports/football/nfl-concessions.html

Stefan20:35:11 - 10 Feb 2019 [UTC]

funkit

After doing a few transactions on newdex I'm not at all scared.

What was your experience?

funkit20:36:06 - 10 Feb 2019 [UTC]

1% fees.

Jonathan Bahai20:41:50 - 10 Feb 2019 [UTC]

clockworkgr

fwiw, trading activity (order create/order cancel etc.) is a grand total of 500 BTS/day income for the reserve pool

the problem might not be on BTS side of things.. it might be the asset issuers and what they are charging on their side that is taking up all the potential profitability.

Crypto Kong20:42:56 - 10 Feb 2019 [UTC]

Yup which is why changes should be made to tax withdrawing of vesting balances or however they withdraw their fees

Stefan20:45:27 - 10 Feb 2019 [UTC]

Cryptokong123

Yup which is why changes should be made to tax withdrawing of vesting balances or however they withdraw their fees

DIrectly targeting business building on the blockchain is the wrong way (or in other ways: BitShares was built for that).

Crypto Kong20:46:11 - 10 Feb 2019 [UTC]

Yeah thats a fair point but directly targeting users is not much different

Crypto Kong20:46:36 - 10 Feb 2019 [UTC]

Someone has to pay for the upkeep of the network

Stefan20:46:55 - 10 Feb 2019 [UTC]

Cryptokong123

Someone has to pay for the upkeep of the network

You just gave the definition what tx fees are for

Stefan20:48:18 - 10 Feb 2019 [UTC]

Why do we always say tx fee when we mean op fee btw :P

tbone20:48:57 - 10 Feb 2019 [UTC]

clockworkgr

dex profitability you mean?

i was asking about general profitability of the chain. btw, when you talk specifially about DEX profitability, are you including asset creation/issuance?

litepresence20:50:15 - 10 Feb 2019 [UTC]

h ttps://www.nytimes.com/2018/01/25/sports/football/nfl-concessions.html

tbone20:50:21 - 10 Feb 2019 [UTC]

in any event, shouldn't we at least set the cost of order cancellation to spam prevention levels?

Stefan20:52:07 - 10 Feb 2019 [UTC]

tbone123

in any event, shouldn't we at least set the cost of order cancellation to spam prevention levels?

I could see that being reasonable

tbone20:54:03 - 10 Feb 2019 [UTC]

sschiessl

I could see that being reasonable

👍 between that, maker/taker model, and dynamic fees (to account for BTS volatility), i think it would be a big improvement

litepresence20:54:10 - 10 Feb 2019 [UTC]

its currently 0.8 bitshare per day to create/cancel one order per minute 24/7; the new proposed fee is 40 bitshares per day for the same utility (without LTM discount)

tbone20:55:03 - 10 Feb 2019 [UTC]

i'm not sure any analysis should be done with non LTM fees

litepresence20:55:50 - 10 Feb 2019 [UTC]

I think a best solution is to find a way to offer zero fee for RELOCATING any order to within x% of last price

Stefan20:56:26 - 10 Feb 2019 [UTC]

litepresence

its currently 0.8 bitshare per day to create/cancel one order per minute 24/7; the new proposed fee is 40 bitshares per day for the same utility (without LTM discount)

That is 8 BTS a day, roughly150 dollars a year to provide liquidity. Sounds reasonable tbj

tbone20:57:08 - 10 Feb 2019 [UTC]

litepresence

I think a best solution is to find a way to offer zero fee for RELOCATING any order to within x% of last price

that would make sense. and if somehow that would actually cost the chain less (which i have no idea), then even better

Crypto Kong20:57:14 - 10 Feb 2019 [UTC]

That 150 can easily become 600

Stefan20:57:38 - 10 Feb 2019 [UTC]

Cryptokong123

That 150 can easily become 600

Idea is to adjust fees periodically now for BTS fluctuations

Crypto Kong20:57:44 - 10 Feb 2019 [UTC]

Ah cool

Crypto Kong20:57:48 - 10 Feb 2019 [UTC]

Good to know

tbone20:58:18 - 10 Feb 2019 [UTC]

btw, speaking of 80% LTM rebate on fees, is there any real reason for that to vest? after 4 years, i still don't understand why that's necessary

Stefan20:58:58 - 10 Feb 2019 [UTC]

tbone123

btw, speaking of 80% LTM rebate on fees, is there any real reason for that to vest? after 4 years, i still don't understand why that's necessary

It's quite ingenious for tax purposes. The coin days earned is a simple means of binding to the platform (I think, but don't know)

tbone21:00:48 - 10 Feb 2019 [UTC]

sschiessl

It's quite ingenious for tax purposes. The coin days earned is a simple means of binding to the platform (I think, but don't know why that was done)

not sure i get it. but either way, i remember an explanation about preventing the rebate system from getting gamed. whcih never made sense to me

Alex M - clockwork21:14:11 - 10 Feb 2019 [UTC]

I too remember there was a reason for it

Alex M - clockwork21:14:11 - 10 Feb 2019 [UTC]

It made sense

Alex M - clockwork21:14:26 - 10 Feb 2019 [UTC]

I just thought the length of the vesting period was overkill

tbone21:14:51 - 10 Feb 2019 [UTC]

JBahai

Htlc for example has been talked about as a means for external exchanges being able to store balances on bitshares for their own exchanges

i really don't see that cannibalizing DEX volume

Jonathan Bahai22:06:14 - 10 Feb 2019 [UTC]

tbone123

btw, speaking of 80% LTM rebate on fees, is there any real reason for that to vest? after 4 years, i still don't understand why that's necessary

This was in consideration of the refer system and the 3 mo delay takes away a potential gaming of the system in some way I dont recall atm.

Jonathan Bahai22:08:47 - 10 Feb 2019 [UTC]

tbone123

i really don't see that cannibalizing DEX volume

If this feature becomes more popular then we may see more activity from it vs. The dex is the idea.. nobody can see it now because it hadn't happened yet.

Dima BLCKCHND22:26:35 - 10 Feb 2019 [UTC]

sschiessl

Idea is to adjust fees periodically now for BTS fluctuations

may be you have some insights on bitUSD/bitCNY temporary fee

Stefan22:28:09 - 10 Feb 2019 [UTC]

blockchained

may be you have some insights on bitUSD/bitCNY temporary fees

Unfortunately not, me personally also don't like it

Dima BLCKCHND22:31:25 - 10 Feb 2019 [UTC]

sad, @xeroc didn't answer me as well, I thought is committee temporary decision, and if committee now discussing the fees, why not discuss these temporary ones as well?

Dima BLCKCHND22:32:00 - 10 Feb 2019 [UTC]

the 0.1% on bitUSD/bitCNY I meant

Dima BLCKCHND22:32:25 - 10 Feb 2019 [UTC]

If is it time to change the teprorary fees

tbone00:41:24 - 11 Feb 2019 [UTC]

JBahai

Htlc for example has been talked about as a means for external exchanges being able to store balances on bitshares for their own exchanges

are you talking about HTLC enabling the trustless storing of value from other blockchains on Bitshares? if so, that's pretty much the holy grail for Bitshares, enabling the DEX to be 100% trustless. why would it be a problem if that also enables businesses to build a new kind of hybrid exchange on Bitshares (with trustless storage but centralized order matching)?

tbone00:44:17 - 11 Feb 2019 [UTC]

JBahai

If this feature becomes more popular then we may see more activity from it vs. The dex is the idea.. nobody can see it now because it hadn't happened yet.

meant to reply to this msg

Jonathan Bahai00:44:21 - 11 Feb 2019 [UTC]

tbone123

are you talking about HTLC enabling the trustless storing of value from other blockchains on Bitshares? if so, that's pretty much the holy grail for Bitshares, i.e. enabling the DEX to be 100% trustless. why would it be a problem if that also enables businesses to build a new kind of hybrid exchange on Bitshares (with trustless storage but centralized order matching)?

Didn't say it's a problem.. it's a different feature set that doesn't utilizes the dex.. thus cannibalize.. because we have enabled centralized exchanges with features other than the dex itself to keep users trading on the instead of ours.

George (Bitspark)00:45:54 - 11 Feb 2019 [UTC]

tbone123

Htlc doesn’t store other blockchain assets trustlessly. They still need to be stored by a gateway provider. Htlc enables the deposit and withdrawal issuing of bitshares assets to be trustless

tbone00:46:01 - 11 Feb 2019 [UTC]

i guess what i'm saying is that the DEX would gain far more than it loses. not to mention, wouldn;t Bitshares still gain fees frorm the hybrid exchanges moving assets around on the Bitshares blockchain?

Jonathan Bahai00:46:11 - 11 Feb 2019 [UTC]

The subject relates to fees btw... I'm not arguing over what is better for bitshares

George (Bitspark)00:47:04 - 11 Feb 2019 [UTC]

Agree on general topic of fixed needed for fees. Dynamic and maker taker required

Jonathan Bahai00:49:25 - 11 Feb 2019 [UTC]

tbone123

Sure.. but the issue remains that the dex itself remains uncompetitive enough to detract market makers from bringing enough trading to the platform.. vs. Centralized ones that have properly aligned incentives in many cases to make their platforms successful

tbone00:49:48 - 11 Feb 2019 [UTC]

tbone123

that's why i asked if he was implying that HTLC would enable trustless storage of value from other blockchains. if not (which is what you are saying), then i don't see how HTLC enables centralized exchanges to cannibalize DEX volume as Jonathan suggested

tbone00:50:37 - 11 Feb 2019 [UTC]

is there any way to selectively delete gifs from view?

Jonathan Bahai00:51:12 - 11 Feb 2019 [UTC]

tbone123

is there any way to selectively delete gifs from view?

Set your telegram to not auto download

tbone00:51:40 - 11 Feb 2019 [UTC]

it still takes up the space, which is incredibly annoying in the middle of a convo

tbone00:53:11 - 11 Feb 2019 [UTC]

JBahai

what does this have to do with HTLC? and what other advances do you suggest could actually make Bitshares less competitive rather than more so?

Jonathan Bahai00:54:52 - 11 Feb 2019 [UTC]

tbone123

Once again.. the point is fees.. and where they could be coming from.. htlc demand could outperform our own dex... if we raise fees on dex while simultaneously introducing features to strengthen centralized exchanges likely at the price point they will dictate.. we simply push the dex further into being unused uncompetitive and generally forgotten in the crypto world... chico's latest video on binance dex is a reminder.. regardless of all the hubbub eos had done.

tbone00:55:25 - 11 Feb 2019 [UTC]

how does HTLC strengthen centralzied exchanges?

Jonathan Bahai00:57:00 - 11 Feb 2019 [UTC]

tbone123

how does HTLC strengthen centralized exchanges?

Ask the bbf.. they are the ones that claim this feature is being done based on demand from exchanges.

tbone00:57:41 - 11 Feb 2019 [UTC]

but you're the one that was claiming HTLC would strengthen centralzied exchanges at the expense of the DEX

Jonathan Bahai00:58:05 - 11 Feb 2019 [UTC]

I'm not on the bbf so I am not privy to the details.

tbone00:58:22 - 11 Feb 2019 [UTC]

you're making the claim

Jonathan Bahai00:58:27 - 11 Feb 2019 [UTC]

tbone123

but you're the one that was claiming HTLC would strengthen centralized exchanges at the expense of the DEX

Jonathan Bahai: Once again.. the point is fees.. and where they could be coming from.. htlc demand could outperform our own dex... if we raise fees on dex while simultaneously introducing features to strengthen centralized exchanges likely at the price point they will dictate.. we simply push the dex further into being unused uncompetitive and generally forgotten in the crypto world... chico's latest video on binance dex is a reminder.. regardless of all the hubbub eos had done.

tbone01:01:02 - 11 Feb 2019 [UTC]

i don't need you to re-post your msg. i'm asking you to explain how HTLC "strengthens centralized exchanges" at the expense of the DEX

Jonathan Bahai01:01:05 - 11 Feb 2019 [UTC]

No claims.. only possibilities.. which we should be considering in relation to the direction we take on fees. Frankly we need far more done with the fee schedule than just changing it on occasion.

Jonathan Bahai01:02:28 - 11 Feb 2019 [UTC]

tbone123

i don't need you to re-post your msg. i'm asking you to explain how HTLC "strengthens centralized exchanges" at the expense of the DEX

If you want more in depth info I'm telling you where to get it.. since google won't help in this case I dont think.. unless these details made it into the bips.. try that too

tbone01:02:39 - 11 Feb 2019 [UTC]

i mean, specifically what does HTLC on Bitshares enable centralized exchanges to do that that can't currently do

Jonathan Bahai01:03:49 - 11 Feb 2019 [UTC]

tbone123

i mean, specifically what does HTLC on Bitshares enable centralized exchanges to do that they can't currently do

Help secure users funds on their exchange... goodnight @tbone123

tbone01:03:55 - 11 Feb 2019 [UTC]

LOL

tbone01:04:53 - 11 Feb 2019 [UTC]

George already explained why you're wrong about that

CNC02:49:37 - 11 Feb 2019 [UTC]

**Trick To Use 49Rs Jio Plan in Any 4G phones** http://www.hinditrickz.net/2018/02/trick-to-use-49rs-jio-plan-in-any-4g.html?m=1

-B1t-06:22:10 - 11 Feb 2019 [UTC]

funkit

Yes, there is one under preferences -> nodes How well they work depends a lot on your location and how much load they have at the time

I only hav one working node The resting is unavailable Us-ny Whenever i go to exchnage Its just blank page

funkit06:24:08 - 11 Feb 2019 [UTC]

MoonKingM

I only hav one working node The resting is unavailable Us-ny Whenever i go to exchnage Its just blank page

Is your software up to date?

Fabian Schuh06:43:44 - 11 Feb 2019 [UTC]

clockworkgr

I just thought the length of the vesting period was overkill

lenght is 90 days i thought .

Alex M - clockwork06:44:14 - 11 Feb 2019 [UTC]

Yes

Alex M - clockwork06:44:14 - 11 Feb 2019 [UTC]

Overkill

Fabian Schuh06:44:35 - 11 Feb 2019 [UTC]

blockchained

If it is time to change the temporary fees

agreed ..

Fabian Schuh06:45:38 - 11 Feb 2019 [UTC]

JBahai

Ask the bbf.. they are the ones that claim this feature is being done based on demand from exchanges.

bullshit

Fabian Schuh06:46:39 - 11 Feb 2019 [UTC]

clockworkgr

Overkill

easy change thru committee ..

Fabian Schuh06:46:54 - 11 Feb 2019 [UTC]

maybe worth the time to discuss other chain parameters with it ..

Fabian Schuh06:47:38 - 11 Feb 2019 [UTC]

xeroc

bullshit

a) BBF has nothing to do with htlc other than escrowing core dev worker which proposed, specced and implemented htlc

Fabian Schuh06:48:23 - 11 Feb 2019 [UTC]

b) htlc is a means to allow atomic cross chain swaps. hence it enables trading of assets across chains which is **not** a subset of features provided by the dex

Fabian Schuh06:49:09 - 11 Feb 2019 [UTC]

c) what you may mean is the proposal for vested balances. that feature request is only specced so far (bsip44 or so), not imemented and again has nothing to do with BBF

-B1t-06:51:44 - 11 Feb 2019 [UTC]

funkit

Is your software up to date?

Havnt updated in While no Do i do a fresh install Scared of losing my bts so i didnt update it

funkit06:55:33 - 11 Feb 2019 [UTC]

MoonKingM

Havnt updated in While no Do i do a fresh install Scared of losing my bts so i didnt update it

Bingo! There is your problem. There is no reason to be afraid. Go here https://github.com/bitshares/bitshares-ui/releases and pick up the latest release for yor operating system.

fav06:59:52 - 11 Feb 2019 [UTC]

clockworkgr

Overkill

Could be reduced to 60 imo

Ravi R07:10:27 - 11 Feb 2019 [UTC]

http://bit.ly/2UTrXKN

Alex M - clockwork07:15:38 - 11 Feb 2019 [UTC]

favdesu

Could be reduced to 60 imo

I'd be ok with 30 tbh but yeah. Can do it in steps. @xeroc is right about checking all committee params . Couple I didn't even know existed

-B1t-07:20:05 - 11 Feb 2019 [UTC]

funkit

Bingo! There is your problem. There is no reason to be afraid. Go here https://github.com/bitshares/bitshares-ui/releases and pick up the latest release for yor operating system.

Thanks Was just scared an update will go wrong Ill do it now

-B1t-07:22:58 - 11 Feb 2019 [UTC]

@funkit ill just do an installl n it will retain evwrythinf yea Key and password

funkit07:23:34 - 11 Feb 2019 [UTC]

I have upgraded maybe 15 times in half a year and it is never any problem in itself. If the software you had is very old, you might not recognise it at first, there has been a lot of changes.

R07:24:15 - 11 Feb 2019 [UTC]

Never fall behind significantly in updates.

funkit07:25:28 - 11 Feb 2019 [UTC]

And if there are more problems, we have this group where it is a lot quieter to solve issues: https://t.me/btsWalletHelp

-B1t-07:28:57 - 11 Feb 2019 [UTC]

Just upgraded Its greaaat!! Thanks guys

-B1t-07:29:14 - 11 Feb 2019 [UTC]

funkit

And if there are more problems, we have this group where it is a lot quieter to solve issues: https://t.me/btsWalletHelp

Thanks alot ! :)

funkit07:29:54 - 11 Feb 2019 [UTC]

No problem

fav07:58:00 - 11 Feb 2019 [UTC]

clockworkgr

I'd be ok with 30 tbh but yeah. Can do it in steps. @xeroc is right about checking all committee params . Couple I didn't even know existed

30 may be too short. You don't want someone reselling LTM accs

Stefan08:13:45 - 11 Feb 2019 [UTC]

clockworkgr

I'd be ok with 30 tbh but yeah. Can do it in steps. @xeroc is right about checking all committee params . Couple I didn't even know existed

I ve learned a new one also over the weekend, i.e. account creation can get more expensive the more accounts are created within one maintenance

Fabian Schuh08:14:38 - 11 Feb 2019 [UTC]

sschiessl

I ve learned a new one also over the weekend, i.e. account creation can get more expensive the more accounts are created within one maintenance

that one is delicate as it affects faucets big time ..

Fabian Schuh08:15:01 - 11 Feb 2019 [UTC]

before changing it .. committee should give a grace period for faucet operators to upgrade their code accordingly ..

Fabian Schuh08:15:12 - 11 Feb 2019 [UTC]

else, they pay significantly more fee for onboarding new users ..

fav08:16:15 - 11 Feb 2019 [UTC]

Jeez, ragtag committee again

Alex M - clockwork08:30:54 - 11 Feb 2019 [UTC]

sschiessl

I ve learned a new one also over the weekend, i.e. account creation can get more expensive the more accounts are created within one maintenance

yeah...that was an interestign one....

Alex M - clockwork08:31:01 - 11 Feb 2019 [UTC]

it's also a bitshift setting

Alex M - clockwork08:31:21 - 11 Feb 2019 [UTC]

i.e. cost doubles every X accounts within maintenance interval

Alex M - clockwork08:31:36 - 11 Feb 2019 [UTC]

no option to set say: 10% increase

Alex M - clockwork08:32:29 - 11 Feb 2019 [UTC]

disabled for now

Alex M - clockwork08:34:42 - 11 Feb 2019 [UTC]

xeroc

that one is delicate as it affects faucets big time ..

what's fee_liquidation_threshold , max_predicate_opcode and difference between reserve_percent_of_fee/network_percent_of_fee ?

Fabian Schuh08:35:14 - 11 Feb 2019 [UTC]

no clue really .. need to read code

Alex M - clockwork08:35:18 - 11 Feb 2019 [UTC]

lol

Alex M - clockwork08:35:21 - 11 Feb 2019 [UTC]

good one BM

Alex M - clockwork08:35:27 - 11 Feb 2019 [UTC]

thnx for the docs

Alex M - clockwork08:35:31 - 11 Feb 2019 [UTC]

Fabian Schuh08:35:35 - 11 Feb 2019 [UTC]

😂

Stefan08:36:07 - 11 Feb 2019 [UTC]

Code is Documentation /run

Fabian Schuh08:38:50 - 11 Feb 2019 [UTC]

`network_percent_of_fee` seems to be the default percentage on account creations .. (as part of the referral program)

Fabian Schuh08:39:29 - 11 Feb 2019 [UTC]

the other one is the network cut payed to the pool

Alex M - clockwork08:42:07 - 11 Feb 2019 [UTC]

so what happens if network > reserve ?

Alex M - clockwork08:42:15 - 11 Feb 2019 [UTC]

does teh difference get burnt?

Alex M - clockwork08:42:32 - 11 Feb 2019 [UTC]

if so, that's interesting

Steven Cole08:48:49 - 11 Feb 2019 [UTC]

https://t.me/joinchat/AAAAAEl8ngDtkOPqRKguFQ

fav08:49:50 - 11 Feb 2019 [UTC]

That said, a function to gift LTM accs would be cool

Alex M - clockwork08:50:04 - 11 Feb 2019 [UTC]

favdesu

That said, a function to gift LTM accs would be cool

like...randomly?

Alex M - clockwork08:51:16 - 11 Feb 2019 [UTC]

or for someone to gift to someone else?

Alex M - clockwork08:51:28 - 11 Feb 2019 [UTC]

if option (2), you can propose a tx that contains an op to send LTM fee from account A to account B and an op to upgrade account B to LTM

Alex M - clockwork08:51:49 - 11 Feb 2019 [UTC]

either both ops go through or neither do

Alex M - clockwork08:52:13 - 11 Feb 2019 [UTC]

so technically that's gifting someone an LTM account

Alex M - clockwork08:52:29 - 11 Feb 2019 [UTC]

speaking of

Alex M - clockwork08:52:46 - 11 Feb 2019 [UTC]

got an idea

fav08:56:12 - 11 Feb 2019 [UTC]

clockworkgr

like...randomly?

No, let me upgrade other accounts. Some button on the account view 'gift LTM' with a.? As explainer

Stefan08:58:44 - 11 Feb 2019 [UTC]

favdesu

No, let me upgrade other accounts. Some button on the account view 'gift LTM' with a.? As explainer

You can do a proposal with: send enough BTS, update the account to LTM

Stefan08:58:56 - 11 Feb 2019 [UTC]

I suppose you would want a button in UI doing that for you :)

Alex M - clockwork08:59:34 - 11 Feb 2019 [UTC]

didnt I just say that?

Alex M - clockwork09:00:27 - 11 Feb 2019 [UTC]

favdesu

No, let me upgrade other accounts. Some button on the account view 'gift LTM' with a.? As explainer

so a one-button version of (2) above

Alex M - clockwork09:00:35 - 11 Feb 2019 [UTC]

(didnt stefan just say that?)

Alex M - clockwork09:00:37 - 11 Feb 2019 [UTC]

funkit09:26:27 - 11 Feb 2019 [UTC]

Fav has the giveaway spirit and it is way past christmass 🎉

Fabian Schuh09:52:13 - 11 Feb 2019 [UTC]

favdesu

That said, a function to gift LTM accs would be cool

i have that with coupons @bitshares.eu +paperwallet

fav09:52:34 - 11 Feb 2019 [UTC]

xeroc

i have that with coupons @bitshares.eu +paperwallet

Too complicated

FarmerD10:28:21 - 11 Feb 2019 [UTC]

favdesu

No, let me upgrade other accounts. Some button on the account view 'gift LTM' with a.? As explainer

😊 cool idea

Stefan12:33:45 - 11 Feb 2019 [UTC]

Beware https://amp.thehackernews.com/thn/2019/02/android-clickboard-hijacking.html

fav12:57:35 - 11 Feb 2019 [UTC]

So I tried xdai.io recently, the dev sent me some. This is how stablecoin adoption can actually work in real life. Easy wallet creation, specific hot wallet usage Dedicated sidechain Sender pays fee (0.01 xdai) I wonder if bitassets could changed to match this

Alex M - clockwork13:14:42 - 11 Feb 2019 [UTC]

favdesu

write a BSIP for it :P

George (Bitspark)13:56:59 - 11 Feb 2019 [UTC]

favdesu

went to the website, no idea what it does

fav13:59:36 - 11 Feb 2019 [UTC]

George_Bitspark

went to the website, no idea what it does

It's a DAI wallet

fav13:59:44 - 11 Feb 2019 [UTC]

Like literally

George (Bitspark)14:00:04 - 11 Feb 2019 [UTC]

favdesu

It's a DAI wallet

but its an xDAI not a DAI

George (Bitspark)14:00:30 - 11 Feb 2019 [UTC]

if the idea is 'wallets should be easy' yeh totally agree

fav14:00:56 - 11 Feb 2019 [UTC]

You can seemlessly transfer between the chains. It's meant for xdai due to low fees and senders pays. No need to convert or even know hot it's working on the backend

George (Bitspark)14:02:12 - 11 Feb 2019 [UTC]

ok so an xDAI is a proxy for a real DAI running on a separate chain with lower fees

George (Bitspark)14:02:48 - 11 Feb 2019 [UTC]

not sure that makes it easier 😕

fav14:04:19 - 11 Feb 2019 [UTC]

It does. Super easy to on board ppl. via mobile

fav14:05:23 - 11 Feb 2019 [UTC]

I mean apart from a unnecessary sidechain, but that's ethereum for you

LÒZANÒ DFX14:07:00 - 11 Feb 2019 [UTC]

https://t.me/joinchat/AAAAAEc3vaGZ6bylc--FWw

Alex M - clockwork14:55:04 - 11 Feb 2019 [UTC]

https://bitsharestalk.org/index.php?topic=27785

Alex M - clockwork14:55:16 - 11 Feb 2019 [UTC]

https://www.bitshares.foundation/workers/2019-02-bitshares-ui

Steven Cole14:57:29 - 11 Feb 2019 [UTC]

Hello

kenCode15:15:43 - 11 Feb 2019 [UTC]

JBahai

yep, chico crypto's latest videos about binance, tron, tether, etc were a real eye opener. this is no time for us to be raising fees imo

George (Bitspark)15:16:28 - 11 Feb 2019 [UTC]

clockworkgr

https://bitsharestalk.org/index.php?topic=27785

commented, will support 👍

kenCode15:23:56 - 11 Feb 2019 [UTC]

favdesu

funny you mention this, i've been hearing a lot more about maker dai lately too, i do think we need to direct a bit more focus on our "smart"coins

Jonathan Bahai15:46:07 - 11 Feb 2019 [UTC]

kenCode

funny you mention this, i've been hearing a lot more about maker dai lately too, i do think we need to direct a bit more focus on our "smart"coins

there has been a ton of focus.. just primarily in experimenting with variations on how to keep the peg... not about users.. probably the biggest exposure we have for them now is ZB exchange using bitCNY.. still more experiments and suggestions on making it better are coming in all the time for consideration

Crypto Kong17:10:30 - 11 Feb 2019 [UTC]

https://github.com/bitshares/committee-tools/pull/2#issuecomment-462398008

Crypto Kong17:10:44 - 11 Feb 2019 [UTC]

CryptoBridge official comment

Crypto Kong17:14:26 - 11 Feb 2019 [UTC]

its also worth noting that neither openledger or bitcrab (gdex) voted for these fee changes

Crypto Kong17:14:33 - 11 Feb 2019 [UTC]

i think it needs to be re thought

Crypto Kong17:15:41 - 11 Feb 2019 [UTC]

like i said before... you are better off "taxing" if you like the businesses rather than the users.

Crypto Kong17:16:55 - 11 Feb 2019 [UTC]

IMO asset creation fees should be MUCH higher.

Crypto Kong17:19:54 - 11 Feb 2019 [UTC]

https://twitter.com/CryptoBridge/status/1095000431107936256

John R17:21:45 - 11 Feb 2019 [UTC]

Cryptokong123

https://github.com/bitshares/committee-tools/pull/2#issuecomment-462398008

Thanks Kong, reviewing now

Crypto Kong17:22:18 - 11 Feb 2019 [UTC]

John R

Thanks Kong, reviewing now

👍

mindphlux17:27:36 - 11 Feb 2019 [UTC]

Charging regular users for oders 4300% more is not reasonable. What would you do in real life if a company rips you off like that? Nobody would accept this bevavior that seems very greedy to the outside spectator

Europa17:31:22 - 11 Feb 2019 [UTC]

How will this affect network growth? people are so afraid of dex, and now why should they come to dex

Europa17:35:22 - 11 Feb 2019 [UTC]

each exchanges keeps its nodes and supports the network. How do you propose to work the exchanges with such commissions?

Europa17:38:01 - 11 Feb 2019 [UTC]

need more gold .....

squid17:48:01 - 11 Feb 2019 [UTC]

Gdex help needed

Dima BLCKCHND17:51:51 - 11 Feb 2019 [UTC]

mindphlux

Charging regular users for orders 4300% more is not reasonable. What would you do in real life if a company rips you off like that? Nobody would accept this bevavior that seems very greedy to the outside spectator

Need more real business operators in committee, not only witnesses and workers

Dima BLCKCHND17:52:48 - 11 Feb 2019 [UTC]

To reduce conflict of interests and have something like a balance

R17:53:16 - 11 Feb 2019 [UTC]

The fees haven't been readjusted since the price was higher though, right? So everyone's been used to undercharged fees, no?

R17:53:34 - 11 Feb 2019 [UTC]

This is pretty last minute reaction though to the fee change, no?

Dima BLCKCHND17:53:51 - 11 Feb 2019 [UTC]

cmmob

The fees haven't been readjusted since the price was higher though, right? So everyone's been used to undercharged fees, no?

Problem is not the fees, is x50

Myco17:53:56 - 11 Feb 2019 [UTC]

Correct, it's just the size of the increase for most of the changes, a 4300% increase is crazy.

R17:55:02 - 11 Feb 2019 [UTC]

What was the USD value of the fees at the point of last fee readjustment compared to this new change though?

Myco17:56:49 - 11 Feb 2019 [UTC]

Even at it's ATH in USD it was only around 20x the current price though unless I remember incorrectly?

Stefan17:58:08 - 11 Feb 2019 [UTC]

@mindphlox Why do you invite the general public to a discussion they can't possibly understand without a full bitshares briefing into the github issue https://twitter.com/CryptoBridge/status/1095000431107936256

Dima BLCKCHND18:12:17 - 11 Feb 2019 [UTC]

cmmob

What was the USD value of the fees at the point of last fee readjustment compared to this new change though? That percent change is what matters

I heard one year ago after the rase in a price, that committee will adjust fees dynamicly if 4300% it is a dynamicly, good luck to search a business that will accept such kind of lead

Dima BLCKCHND18:13:23 - 11 Feb 2019 [UTC]

it not the problem of the business that community can't organize their committee

R18:15:03 - 11 Feb 2019 [UTC]

To be fair, it's not a monetized role, so it's not attractive

Dima BLCKCHND18:15:58 - 11 Feb 2019 [UTC]

cmmob

To be fair, it's not a monetized role, so it's not attractive

but can cause loss to others, and make not attractive this platform

Dima BLCKCHND18:16:10 - 11 Feb 2019 [UTC]

from 7 committees that says yes 3 witnesses and no one business, that says a lot

Dima BLCKCHND18:17:08 - 11 Feb 2019 [UTC]

witness must not be member of committee it is conflict of interest

Stefan18:17:38 - 11 Feb 2019 [UTC]

How about businesses step up into committee role? Anyways, still three days and instead of fudding around maybe join hands and come.up with a counter proposal that addresses the issues why the fees should.be raised but takes business pov into account?

mindphlux18:17:53 - 11 Feb 2019 [UTC]

sschiessl

@mindphlux Why do you invite the general public to a discussion they can't possibly understand without a full bitshares briefing into the github issue https://twitter.com/CryptoBridge/status/1095000431107936256 You continue to talk about committee members who rejected it. Rejection is not possible. It might simply be they haven't even seen it, makes it worse imo

We’re rejecting this proposal and it’s resulting fee change. We’ve included all relevant posts including the discussion page and actual proposal

R18:22:11 - 11 Feb 2019 [UTC]

blockchained

from 7 committees that says yes 3 witnesses and no one business, that says a lot

Businesses should be getting involved earlier in bitshares developments then, no?

Dima BLCKCHND18:24:23 - 11 Feb 2019 [UTC]

cmmob

Businesses should be getting involved earlier in bitshares developments then, no?

businesses creating demand for bitshares with no demand, development will go to someone who pays

Dima BLCKCHND18:25:25 - 11 Feb 2019 [UTC]

blockchained

let's see in couple of month

but we will see

Dima BLCKCHND18:25:46 - 11 Feb 2019 [UTC]

how much money it will bring to the pool

tbone18:25:52 - 11 Feb 2019 [UTC]

businesses defintely need to play a more active role. if not run for commiteee, at least offer input into issues like this in a more constructive and timely manner

Susan18:26:04 - 11 Feb 2019 [UTC]

Chucky(BeyondBitcoin)

MLM is usually a ponzi scheme, like herbalife etc.

How does this work?

tbone18:28:34 - 11 Feb 2019 [UTC]

also, although it may not be most ideal for witnesses to be on committee, i'm not seeing that causing problems so far

Valera Cogut18:31:00 - 11 Feb 2019 [UTC]

BREAKING NEWS: https://hackthedex.io/#/leaderboard

Valera Cogut18:31:00 - 11 Feb 2019 [UTC]

tbone18:31:58 - 11 Feb 2019 [UTC]

anyway, adjusting fees is a dicey proposition for any business. but when you also have, as we do here, the fees wildly fluctuating due to being priced in a volatile asset, the problem is compounded massively. please, for the love of god, let this be a wake-up call to implement automated, dynamic adjustment of fees

Dima BLCKCHND18:34:56 - 11 Feb 2019 [UTC]

tbone123

also, although it may not be most ideal for witnesses to be on committee, i'm not seeing that causing problems so far

just conflict of interests if the witness denies the proxy wishes he can easily lose the paid witness position so witness in committee is not a 0% way of corruption and yes as any crime yu don't see it before it revealed

Dima BLCKCHND18:39:00 - 11 Feb 2019 [UTC]

tbone123

the problem is that community need the businesses in this blockchain platforms competition, not the reverse and as I said, I heared the promiss about dynamic adjustment of fees from committee one year ago, nothing changes

Fabian Schuh18:39:38 - 11 Feb 2019 [UTC]

The code to do dynamic adjustments exists for over 2 years ..

Fabian Schuh18:39:48 - 11 Feb 2019 [UTC]

Its just a matter of committee using it .. so far, they didn't want to ..

Fabian Schuh18:40:24 - 11 Feb 2019 [UTC]

the discussions about the current new fee proposal started (publicly) in november last year .. only few people (even after pointing them there) dared to reply ..

Fabian Schuh18:41:08 - 11 Feb 2019 [UTC]

All this drama today could have been avoided by businesses getting more engaged ..

tbone18:41:39 - 11 Feb 2019 [UTC]

blockchained

just conflict of interests if the witness denies the proxy wishes he can easily lose the paid witness position so witness in committee is not a 0% chance of corruption and yes as any crime you don't see it before it revealed

i know you often like to go against the grain, but you're really just making insinuations here. also, i'm sure you realize that commitee members, although not paid, are voted in by proxies...so i'm not sure how much sense your argument makes since the committee members must do what the proxies want anyway

Fabian Schuh18:41:40 - 11 Feb 2019 [UTC]

Also ... people complaining about a "conflict of interest" between proxies and witnesses totally miss the point of a "conflict of interest" between gateway operators and committee members ..

Dima BLCKCHND18:41:56 - 11 Feb 2019 [UTC]

xeroc

Its just a matter of committee using it .. so far, they didn't want to ..

and now the problems of the platform with self-organization became a problem of the business that platform wants to attract. This is a strange way to make a business

Fabian Schuh18:41:56 - 11 Feb 2019 [UTC]

Why would a committe member that runs a business raise fees that could cause its owner users trouble and reduce income for the business?

Fabian Schuh18:42:32 - 11 Feb 2019 [UTC]

The optimzation criteria for committee should be to keep bitshares operational and BTS token holders happy ... do you think that aligns with the motives of exchange businesses?

Stefan18:43:48 - 11 Feb 2019 [UTC]

Instead of arguing over what is can we please see a solid counter proposal that shifts the fees more away from the common user to the businesses while still accounting for the need of increased fees generally?

Fabian Schuh18:43:55 - 11 Feb 2019 [UTC]

Ultimately, I don't really understand all the drama .. The fees are still much lower compared to centralized exchanges ... trading bot operators need to tune their spreads in order to keep profitability ... If a bot cannot run profitable anymore, it should be taken down or improved ..

Stefan18:44:19 - 11 Feb 2019 [UTC]

sschiessl

How about businesses step up into committee role? Anyways, still three days and instead of fudding around maybe join hands and come up with a counter proposal that addresses the issues why the fees should be raised but takes business pov into account? @mindphlux @ronnyb @blockchained @bitcrab Put your heads together, will ya?

This

Fabian Schuh18:44:25 - 11 Feb 2019 [UTC]

sschiessl

Instead of arguing over what ifs can we please see a solid counter proposal that shifts the fees more away from the common user to the businesses while still accounting for the need of increased fees generally?

And that **IS** precisely why the asset_issue fee has been raised aswell

Binary Expert trader18:45:09 - 11 Feb 2019 [UTC]

Binary Expert trader: Bitcoin mining!! Bitcoin mining!! Bitcoin mining!! Invest $200 and gain a profits of $670 in 7days after trading. Investment of $300 will earn you $890 in 7days. Investment of $400 will earn you $1370 in 14days after trading. Minimum investment of $500 will earn you $2100 in 14days after trading. If you are interested in investing.

Fabian Schuh18:45:13 - 11 Feb 2019 [UTC]

Its not like committee was throughing dice for the fees .. there has been a shit ton of discussion for each and every fee in the schedule ..

Fabian Schuh18:45:28 - 11 Feb 2019 [UTC]

I doubt many in here even undetstand the amount of efforts that lead to the new proposal ..

Dima BLCKCHND18:46:02 - 11 Feb 2019 [UTC]

xeroc

Also ... people complaining about a "conflict of interest" between proxies and witnesses totally miss the point of a "conflict of interest" between gateway operators and committee members ..

they run a busness on top of this public db, not paid by blockchain directly, they can be a proxy to protect their interests that can be way different than just to stay in the paid curve

tbone18:46:16 - 11 Feb 2019 [UTC]

xeroc

the problem is the wild swings. this desparately needs to be smoothed out. also, the cancellation fees really need to be set to spam prevention level. we really do NOT want to unnecessariuly price liquidity bots out.

mindphlux18:46:31 - 11 Feb 2019 [UTC]

We’re totally fine with the increased asset issued fee, but we do think the user facing fees might be a deterrent to adoption and users of CryptoBridge. We care about our users most, and people in our community already are shouting the word greed because they don’t understand the inner mechanics

Fabian Schuh18:46:59 - 11 Feb 2019 [UTC]

blockchained

they run a busness on top of this public db, not paid by blockchain directly, they can be a proxy to protect their interests that can be way different than just to stay in the paid curve

As I said .. you don't see it .. Do you think BTS holders (shareholders of bItShares) are the same as shareholders in openledger?

tbone18:47:37 - 11 Feb 2019 [UTC]

these negative perceptions by users are almost entirely bc the fees are not being adjusted with the changing price of BTS

Fabian Schuh18:47:40 - 11 Feb 2019 [UTC]

tbone123

the problem is the wild swings. this desparately needs to be smoothed out. also, the order cancellation fees really need to be set to spam prevention level. we really do NOT want to unnecessariuly price liquidity bots out.

Good feedback .. please post this in the pull request on committee-tools repo .. telegram is too much chatter to remember good feedback

mindphlux18:47:46 - 11 Feb 2019 [UTC]

It’s all a matter of perception here. They see 1000,1000,3000% and leave the platform.

Dima BLCKCHND18:48:09 - 11 Feb 2019 [UTC]

mindphlux

Dima BLCKCHND18:48:20 - 11 Feb 2019 [UTC]

mindphlux

It’s all a matter of perception here. They see 1000,1000,3000% and leave the platform.

Fabian Schuh18:48:25 - 11 Feb 2019 [UTC]

mindphlux

Well .. arguable, you are not making it any better by shouting caution on twitter with a weird 4900% number that comes out of the blue with no source

Fabian Schuh18:49:10 - 11 Feb 2019 [UTC]

It's also a matter of fact that the current/original fee proposal was developed in such a way to attract traders and traffic and was supposed to only last for 6 months ..

Fabian Schuh18:49:16 - 11 Feb 2019 [UTC]

it was active for over 2 years ..

Dima BLCKCHND18:50:29 - 11 Feb 2019 [UTC]

xeroc

As I said .. you don't see it .. Do you think BTS holders (shareholders of bItShares) are the same as shareholders in openledger?

as I see ANYONE who has bts is a shareholder of bitshares no matter what business/interface they represent or use so YES definitely is the same people

Stefan18:50:44 - 11 Feb 2019 [UTC]

xeroc

Well .. arguable, you are not making it any better by shouting caution on twitter with a weird 4900% number that comes out of the blue with no source

I wondered where that number came from too

Fabian Schuh18:50:52 - 11 Feb 2019 [UTC]

blockchained

as I see ANYONE who has bts is a shareholder of bitshares no matter what business/interface they represent or use, so YES definitely is the same people

You are telling me I make profit on the trading fees on OPEN.BTC?

Fabian Schuh18:50:55 - 11 Feb 2019 [UTC]

that's news to me

mindphlux18:51:20 - 11 Feb 2019 [UTC]

xeroc

Well .. arguable, you are not making it any better by shouting caution on twitter with a weird 4900% number that comes out of the blue with no source

It’s the limit order fee, 4300%. Don’t mind a reasonable fee increase. Make it in stages, otherwise it might be seen as greed no matter what your motives really are. What would you do if your favorite shops increases prices by 1000% because it was planned? Any one with a common sense would boycott it.

Fabian Schuh18:51:49 - 11 Feb 2019 [UTC]

"greed" .. of whom, really?

tbone18:52:05 - 11 Feb 2019 [UTC]

by the way, aside from perception, does this increase actually affect ordinary users that much? aren't these network fees relatrively small compared to the trading fees asset issuers charge?

mindphlux18:52:09 - 11 Feb 2019 [UTC]

Perception again. By the users who use it

Fabian Schuh18:52:18 - 11 Feb 2019 [UTC]

You do realize that that increase only affacts **filled** orders?

Fabian Schuh18:52:25 - 11 Feb 2019 [UTC]

You do realize that BitShares spends millions for development?

Dima BLCKCHND18:52:36 - 11 Feb 2019 [UTC]

xeroc

You are telling me I make profit on the trading fees on OPEN.BTC?

when they trade they don't pay blockchain, don't think so

Fabian Schuh18:52:49 - 11 Feb 2019 [UTC]

mindphlux

Perception again. By the users who use it

Please don't make me go into perception ..

Fabian Schuh18:53:18 - 11 Feb 2019 [UTC]

tbone123

by the way, aside from perception, does this increase actually affect ordinary users that much? aren't these network fees relatrively small compared to the trading fees asset issuers charge?

Exactly ... it's peanuts compared to trading fees

tbone18:53:29 - 11 Feb 2019 [UTC]

mindphlux

Perception again. By the users who use it

if it's just perception, then it would be helpful if you helped guide your users to more realistic perception, no?

Fabian Schuh18:53:33 - 11 Feb 2019 [UTC]

blockchained

when they trade they don't pay to blockchain, don't think so

See ... those profits go to openledger ... not to BTS holders ..

Stefan18:53:55 - 11 Feb 2019 [UTC]

mindphlux

In a public post likes your you need to account for the change with respect to the original USD for the fees, not the current increase in BTS. Or you first thank the platform for the heavy discount over the past months

Fabian Schuh18:54:02 - 11 Feb 2019 [UTC]

Hence, OpenLedger/Cryptobridge/X**** really has a different optimization criteria when it comes to "defining" fees ..

mindphlux18:54:09 - 11 Feb 2019 [UTC]

Aware. Also aware that users of CryptoBridge would be paying 3200% more compared to now, calculated the numbers today. Please take this as feedback to the issue.

Fabian Schuh18:55:09 - 11 Feb 2019 [UTC]

I wonder how much the BitShares community paid for cryptobridge users ..

tbone18:55:37 - 11 Feb 2019 [UTC]

mindphlux

Aware. Also aware that users of CryptoBridge would be paying 3200% more compared to now, calculated the numbers today. Please take this as feedback to the issue.

that's 3200% more in **network** fees, right? how does the network fee compare to the fee you charge as an asset iussuer?

Fabian Schuh18:55:44 - 11 Feb 2019 [UTC]

the price increase also needs to be put in perspective ... compare it in ABSOLUTE numbers when doing a trade .. compare it in USD terms and compare it with competitors

mindphlux18:56:56 - 11 Feb 2019 [UTC]

@tbone123 our asset issuer fees go completely to the community, market makers and BridgeCoin stalkers so no, don’t have a profit from that.

Parekh Dishant18:57:11 - 11 Feb 2019 [UTC]

I need a money please you can help me because I am student😞 Yas No

tbone18:57:42 - 11 Feb 2019 [UTC]

mindphlux

@tbone123 our asset issuer fees go completely to the community, market makers and BridgeCoin stakers so no, don’t have a profit from that.

i'm not saying you have profit from that. but the user pays that

tbone18:58:14 - 11 Feb 2019 [UTC]

so it makes sense to compare the network fees to the asset issuer fees

Fabian Schuh18:59:39 - 11 Feb 2019 [UTC]

Its a pretty simple question to ask really ... Do BTS voters want profits to flow towards the BitShares community, or to private companies -- or rather, does the BitShares community want to subsidize businesses for running on top of BItShares? If so, for how long?

mindphlux18:59:39 - 11 Feb 2019 [UTC]

My point stays, we think such a sharp fee increase is unreasonable and would cause damage instead. Don’t object a fee increase for gateways nor in general. Just don’t agree with the sharp increase, would much prefer it to be executed in stages.

Fabian Schuh19:00:10 - 11 Feb 2019 [UTC]

mindphlux

What kind of stages do you propose?

Fabian Schuh19:00:17 - 11 Feb 2019 [UTC]

2 week long stages?

Stefan19:00:41 - 11 Feb 2019 [UTC]

mindphlux

Why not put that productive feedback in your twitter instead of fudding without providing a solution?

mindphlux19:01:39 - 11 Feb 2019 [UTC]

Execute it in 12+ increments or similar and educate the general public about it. I haven’t seen a single post in the larger community about it. Almost missed it, but that’s me to blame with being too busy.

tbone19:02:35 - 11 Feb 2019 [UTC]

i imagine each business really has to educate it's own users

Crypto Kong19:02:46 - 11 Feb 2019 [UTC]

I dont see a problem with staggering the fee increases.

Fabian Schuh19:03:14 - 11 Feb 2019 [UTC]

12+ increments .. like 1 increment every day?

Fabian Schuh19:03:30 - 11 Feb 2019 [UTC]

what does 12 increments mean?

Crypto Kong19:03:38 - 11 Feb 2019 [UTC]

Monthly i guess

mindphlux19:03:39 - 11 Feb 2019 [UTC]

It’s bitshares here doing a sharp fee increase with no explanations other than here, GitHub, the forum and stewing. The general public doesn’t follow these channels very much. BTS has social networks too.

tbone19:03:40 - 11 Feb 2019 [UTC]

i agree, fee increase should be staggered (not sure how, exactly). and implement automatic dynamic adjustment so this doesn't happen again

Fabian Schuh19:04:20 - 11 Feb 2019 [UTC]

mindphlux

Valid ..

mindphlux19:04:23 - 11 Feb 2019 [UTC]

Increase it every 2 weeks or similar on a fixed schedule that the actual increasemenrs don’t hurt per se.

tbone19:04:31 - 11 Feb 2019 [UTC]

mindphlux

i don't tihnk it's realistic for "Bitshares" to inform general public

Fabian Schuh19:04:53 - 11 Feb 2019 [UTC]

It certainly isn'T for committee ..

mindphlux19:04:58 - 11 Feb 2019 [UTC]

This will be seen as much less greedy then a 2000%+ increase at once

Fabian Schuh19:04:59 - 11 Feb 2019 [UTC]

I do *not* maintain a network of traders ..

Bangzi19:05:04 - 11 Feb 2019 [UTC]

https://github.com/bitshares/committee-tools/issues/3

Fabian Schuh19:05:18 - 11 Feb 2019 [UTC]

mindphlux

This will be seen as much less greedy then a 2000%+ increase at once

I am not sure i will ever understand the term "greed" in that relationship

mindphlux19:05:20 - 11 Feb 2019 [UTC]

CryptoBridge is willing to help on the education part of a compromise can be found.

mindphlux19:05:51 - 11 Feb 2019 [UTC]

Afk

Binary Expert trader19:05:58 - 11 Feb 2019 [UTC]

Bitcoin mining!! Bitcoin mining!! I have reliable way of generating profits with my good signal to enable you earn more money in return. Message me if you are interested in binary option trade...+16314904647

tbone19:06:03 - 11 Feb 2019 [UTC]

business need to stay on top of what is going on...and educate/inform their users in a manner that properly sets expectations

Fabian Schuh19:06:07 - 11 Feb 2019 [UTC]

mindphlux

CryptoBridge is willing to help on the education if a compromise can be found.

erm .. that comes across like blackmail, tbh

tbone19:06:13 - 11 Feb 2019 [UTC]

and be more engaged

Fabian Schuh19:06:54 - 11 Feb 2019 [UTC]

fact is .. we've (rather I) started public discussions about this in early november

Fabian Schuh19:07:03 - 11 Feb 2019 [UTC]

forums posts, pull requests, telegram ..

squid19:07:07 - 11 Feb 2019 [UTC]

Hello there! Kindly help with GDex support.

tbone19:07:22 - 11 Feb 2019 [UTC]

this is a decentralized platform. businesses built on the platform need to be engaged and play their part

Fabian Schuh19:07:22 - 11 Feb 2019 [UTC]

Back then .. Alex came up with a good proposal that finally made it into a pull request ..

Fabian Schuh19:07:48 - 11 Feb 2019 [UTC]

today (februrary) people get their shit together to finally give feedback after a proposal hit the chain to increase the fees?

Fabian Schuh19:08:20 - 11 Feb 2019 [UTC]

tbone123

this is a decentralized platform. businesses built on the platform need to be engaged and play their part

You have no idea how much ignorance I receive when I tell people about stuff that I want to do on bitshares ..

Fabian Schuh19:08:35 - 11 Feb 2019 [UTC]

It's much more about ... put up a proposal and see what happens ..

Crypto Kong19:08:35 - 11 Feb 2019 [UTC]

xeroc

today (februrary) people get their shit together to finally give feedback after a proposal hit the chain to increase the fees?

Unfortunately that is reality

Fabian Schuh19:08:50 - 11 Feb 2019 [UTC]

I can see that ... and that's discouraging ..

Fabian Schuh19:09:21 - 11 Feb 2019 [UTC]

Been spending weeks of my time to prep the fee schedule .. don't even dare estimate the amount fo time @clockworkgr spent

tbone19:09:28 - 11 Feb 2019 [UTC]

is there a Telegram channel for businesses built/building on Bitshares? maybe there should be?

Stefan19:09:38 - 11 Feb 2019 [UTC]

Like Nike said: Just do it. 😂 Or other famous quote: ask forgiveness, not permission

Fabian Schuh19:09:46 - 11 Feb 2019 [UTC]

Plus ... no one at committee is compensated .. but instead the community shits all over us for going active ..

Crypto Kong19:10:10 - 11 Feb 2019 [UTC]

I see some of cryptobridges points and think they are valid concerns, taking to twitter to invite uneducated users to discussion with a big thousand% increase tweet, not helpful.

kenCode19:10:23 - 11 Feb 2019 [UTC]

tbone123

this is a decentralized platform. businesses built on the platform need to be engaged and play their part

that's true. i bet most biz owners are too busy for the politics and following every decision that needs to be made for bitshares. i trust my proxy

Fabian Schuh19:10:30 - 11 Feb 2019 [UTC]

Maybe next time .. I should just sit back and not do anything .. let other committee members come up with shit .. and still not approve that .. because .. well .. no consequences for not even being active as a committee member

tbone19:10:39 - 11 Feb 2019 [UTC]

xeroc

Plus ... no one at committee is compensated .. but instead the community shits all over us for going active ..

most people appreciate the efforts, even if it's not always obvious

Fabian Schuh19:11:11 - 11 Feb 2019 [UTC]

That's true .. my fault for expecting appreciation :D

Crypto Kong19:11:50 - 11 Feb 2019 [UTC]

I think this demonstrates again the need and importance for a voting/ proxy spotlight website or whatever.

Crypto Kong19:12:01 - 11 Feb 2019 [UTC]

People need to be more involved in voting

Fabian Schuh19:12:28 - 11 Feb 2019 [UTC]

Its not about the need ... it's about the resources ..

Fabian Schuh19:12:37 - 11 Feb 2019 [UTC]

at least from committee POV ..

Crypto Kong19:12:38 - 11 Feb 2019 [UTC]

If businesses dont have time to be involved they should pick a proxy who is

Fabian Schuh19:12:56 - 11 Feb 2019 [UTC]

It's not a surprise that many of the committee members don't "care" ..

Fabian Schuh19:13:07 - 11 Feb 2019 [UTC]

the incentives are weird ..

kenCode19:13:10 - 11 Feb 2019 [UTC]

Cryptokong123

If businesses dont have time to be involved they should pick a proxy who is

word

tbone19:13:23 - 11 Feb 2019 [UTC]

i'm starting to think commitee should be a paid position. do you really think that would create huge conflicts? i don't.

Crypto Kong19:13:29 - 11 Feb 2019 [UTC]

Personally i think comitee and proxies should be rewarded.

tbone19:13:51 - 11 Feb 2019 [UTC]

Cryptokong123

Personally i think comitee and proxies should be rewarded.

beat you to it!

Crypto Kong19:13:59 - 11 Feb 2019 [UTC]

Lol

Fabian Schuh19:14:18 - 11 Feb 2019 [UTC]

Cryptokong123

Personally i think comitee and proxies should be rewarded.

i do not disagree .. but the topic is really really tough to argue about without people calling "conflict of interest" (which is a valid concern)

Crypto Kong19:14:34 - 11 Feb 2019 [UTC]

Theres no better incentive for people to get involved than a financial one

Crypto Kong19:14:58 - 11 Feb 2019 [UTC]

Theres always gonna be conflict of interest

Fabian Schuh19:15:00 - 11 Feb 2019 [UTC]

paid positions as committee ... maybe .. but then it should linearily decrease with voting stake behind the member ... and IMHO .. we need a LOT more accountability then ..

Dima BLCKCHND19:15:03 - 11 Feb 2019 [UTC]

tbone123

i'm starting to think commitee should be a paid position. do you really think that would create huge conflicts? i don't.

if it happens it woud be the biggest mistake

Crypto Kong19:15:11 - 11 Feb 2019 [UTC]

The key is balancing those conflicts

tbone19:15:11 - 11 Feb 2019 [UTC]

i think the conflict of interest is purely perceived, not real

Fabian Schuh19:15:12 - 11 Feb 2019 [UTC]

Cryptokong123

Theres always gonna be conflict of interest

truth

Fabian Schuh19:15:40 - 11 Feb 2019 [UTC]

tbone123

i think the conflict of interest is purely perceived, not real

As a proxy and committee member .. i often think about resigning as a commitee member ... just because of the **potential** for conflicts of interest

Crypto Kong19:15:59 - 11 Feb 2019 [UTC]

If the commitee was all witnesses theres a problem, if all exchange owners theres a problem. There needs to be balance

kenCode19:16:38 - 11 Feb 2019 [UTC]

salaried or not there will always be those that accept back-door deals

Fabian Schuh19:16:55 - 11 Feb 2019 [UTC]

This could be tested easily ...

Fabian Schuh19:17:12 - 11 Feb 2019 [UTC]

setup a BSIP that tells how to distribute rewards across committee members ..

Fabian Schuh19:17:19 - 11 Feb 2019 [UTC]

Then setup a worker to fund a reward pool ..

Fabian Schuh19:17:30 - 11 Feb 2019 [UTC]

BTS holders get to chose ..

Dima BLCKCHND19:17:41 - 11 Feb 2019 [UTC]

then vote for your selary?

Fabian Schuh19:17:42 - 11 Feb 2019 [UTC]

but then .. some committee members are also proxies ..

Fabian Schuh19:18:03 - 11 Feb 2019 [UTC]

blockchained

then vote for your salary?

always cautious .. i like that ..

kenCode19:18:03 - 11 Feb 2019 [UTC]

xeroc

but then .. some committee members are also proxies ..

😔

Fabian Schuh19:18:11 - 11 Feb 2019 [UTC]

See where this is going ..

Fabian Schuh19:18:24 - 11 Feb 2019 [UTC]

as long as proxies have voting power, neither proxies nor committee members can be paid ..

Fabian Schuh19:18:40 - 11 Feb 2019 [UTC]

witnesses can be justified .. since at least need to have a reliable server running

kenCode19:19:42 - 11 Feb 2019 [UTC]

Witnesses are decision makers, just like Committee members

tbone19:20:02 - 11 Feb 2019 [UTC]

yeah, i don't see the diffreence

kenCode19:20:23 - 11 Feb 2019 [UTC]

kenCode

Witnesses are decision makers, just like Committee members

one is algo, other is not

funkit19:20:28 - 11 Feb 2019 [UTC]

squid27

Gdex help needed

https://t.me/GDEXer https://support.gdex.io/

Fabian Schuh19:20:36 - 11 Feb 2019 [UTC]

well .. i suppose it won't be a problem anymore these days ... the voting power is MUCH better distributed today than it was a year ago

kenCode19:20:55 - 11 Feb 2019 [UTC]

i love bears

Dima BLCKCHND19:21:20 - 11 Feb 2019 [UTC]

xeroc

always cautious .. i like that ..

you are the biggest proxy, developer, committee member, and escrow representative that also have money from voted in workers, you always under the radar public control is the only way to counter corruption

Fabian Schuh19:21:40 - 11 Feb 2019 [UTC]

You'd rather have me not do any of the above?

Fabian Schuh19:21:57 - 11 Feb 2019 [UTC]

I haven't asked to be a big proxy .. heck .. i haven'te ven asked to be a proxy at all

Stefan19:22:22 - 11 Feb 2019 [UTC]

xeroc

I haven't asked to be a big proxy .. heck .. i haven'te ven asked to be a proxy at all

Competence will be punished, lol

Fabian Schuh19:22:26 - 11 Feb 2019 [UTC]

Also .. i am paid not even close the money that bitshares devs in UI or CORE get

Fabian Schuh19:22:34 - 11 Feb 2019 [UTC]

sschiessl

Competence will be punished, lol

🙈

tbone19:23:17 - 11 Feb 2019 [UTC]

almost sounds like communism

Dima BLCKCHND19:23:32 - 11 Feb 2019 [UTC]

xeroc

You'd rather have me not do any of the above?

I didn't say so

tbone19:23:34 - 11 Feb 2019 [UTC]

sschiessl

Competence will be punished, lol

almost sounds like communism

Fabian Schuh19:23:41 - 11 Feb 2019 [UTC]

Maybe I should just pick my "developer" role and stop doing any of the other stuff .. would make my life much easier too .. lot less conflicts of interet .. more fund coding :D

funkit19:23:54 - 11 Feb 2019 [UTC]

xeroc

Also .. i am paid not even close the money that bitshares devs in UI or CORE get

You can apply for a bounty ❤️

Fabian Schuh19:23:55 - 11 Feb 2019 [UTC]

blockchained

I didn't say so

Guess I read your message wrong .. :)

Fabian Schuh19:24:02 - 11 Feb 2019 [UTC]

maybe it's time for me to go to bed now :D

Fabian Schuh19:24:26 - 11 Feb 2019 [UTC]

funkit

You can apply for a bounty ❤️

Actually .. I would rather consider setting up a worker to fund my work on pybitshares now that many projects build on top of it

funkit19:24:31 - 11 Feb 2019 [UTC]

Its only 8 o clock

Fabian Schuh19:24:59 - 11 Feb 2019 [UTC]

had a long and weird day

squid19:25:22 - 11 Feb 2019 [UTC]

funkit

https://t.me/GDEXer https://support.gdex.io/

Thanks

funkit19:25:28 - 11 Feb 2019 [UTC]

I appreciate you being around Fabian. I any cpacity.

Fabian Schuh19:25:42 - 11 Feb 2019 [UTC]

I am of for now .. finally get to relax a little ..

kenCode19:25:43 - 11 Feb 2019 [UTC]

word

tbone19:25:50 - 11 Feb 2019 [UTC]

greater decentralization should continue to happen naturally over time if the platform continues to gain traction. in the meantime, we should not push away contributors in order to achieve decentralization faster

Fabian Schuh19:25:50 - 11 Feb 2019 [UTC]

funkit

I appreciate you being around Fabian. In any cpacity.

thanks .. much appreciate that ..

Fabian Schuh19:26:11 - 11 Feb 2019 [UTC]

We do see better distribution of proxy voting power these days already ..

Fabian Schuh19:26:23 - 11 Feb 2019 [UTC]

look at how well the top 20 proxies are distributed ..

tbone19:26:57 - 11 Feb 2019 [UTC]

yeah, big improvement and i expect further improvement

Fabian Schuh19:27:00 - 11 Feb 2019 [UTC]

I'll talk to committee and see if we could stagger the proposal into multiple proposals ... maybe not over 12 months .. but something less dramatic than now..

kenCode19:27:01 - 11 Feb 2019 [UTC]

the bears and the bees ;)

Fabian Schuh19:27:12 - 11 Feb 2019 [UTC]

anyways .. I am out .. ttyl

tbone19:27:24 - 11 Feb 2019 [UTC]

cheers

Dima BLCKCHND19:27:43 - 11 Feb 2019 [UTC]

xeroc

I'll talk to committee and see if we could stagger the proposal into multiple proposals ... maybe not over 12 months .. but something less dramatic than now..

Dima BLCKCHND19:30:45 - 11 Feb 2019 [UTC]

xeroc

Guess I read your message wrong .. :)

You are one of the core members of the community and one of those who builds it, and I don't think that anyone here wants to lose you

Crypto Kong19:38:30 - 11 Feb 2019 [UTC]

@mindphlux why doesnt cryptobridge setup a proxy account?

mindphlux19:53:36 - 11 Feb 2019 [UTC]

Cryptokong123

@mindphlux why doesnt cryptobridge setup a proxy account?

Good idea.

Ippy Market20:00:24 - 11 Feb 2019 [UTC]

Fee increase 👎🏽

Crypto Kong20:01:35 - 11 Feb 2019 [UTC]

mindphlux

Good idea.

If you guys introduced smartcoin markets, either bitUSD or create your own backed by BTS, your users would soon start collecting piles of BTS which could be proxied to yourselves

Crypto Kong20:09:21 - 11 Feb 2019 [UTC]

Would also probably be the only exchange to have USD markets for all the coins you list

Crypto Kong20:09:29 - 11 Feb 2019 [UTC]

which would be pretty cool IMO

mindphlux20:16:32 - 11 Feb 2019 [UTC]

Would love to link markets to Bitusd, but the peg broke

מX

מ0ר Xanoxt de Canzaparca20:21:31 - 11 Feb 2019 [UTC]

bitCNY is still pegged though.

Crypto Kong20:22:02 - 11 Feb 2019 [UTC]

mindphlux

Would love to link markets to Bitusd, but the peg broke

create your own :)

Crypto Kong20:22:50 - 11 Feb 2019 [UTC]

CB users able to borrow and margin trade masternodes

Crypto Kong20:22:56 - 11 Feb 2019 [UTC]

that would be very unique

mindphlux20:23:16 - 11 Feb 2019 [UTC]

Would prefer to stick to our core business where we have Know his and experience

Crypto Kong20:23:45 - 11 Feb 2019 [UTC]

fair enough, just throwing some ideas out there :)

Crypto Kong20:23:52 - 11 Feb 2019 [UTC]

but you should defo setup a proxy

funkit20:27:54 - 11 Feb 2019 [UTC]

I don't understand why the community allows cryptobridge to hide Core assets from the UI. It should be a prerequisite.

Stefan20:28:41 - 11 Feb 2019 [UTC]

funkit

I don't understand why the community allows cryptobridge to hide Core assets from the UI. It should be a prerequisite.

Well, its MIT

funkit20:36:05 - 11 Feb 2019 [UTC]

But barking over fees. That's their business. If they had allowed their consumers to experience the DEX the way it was intended, the fee issue would have been less pressing since some would trickle back to development. Which is the best insurance for both their customers AND their business.

Crypto Kong20:37:32 - 11 Feb 2019 [UTC]

funkit

I don't understand why the community allows cryptobridge to hide Core assets from the UI. It should be a prerequisite.

so we are telling people how to run their business now?

Crypto Kong20:37:41 - 11 Feb 2019 [UTC]

people are free to use bitshares however they like

Crypto Kong20:38:02 - 11 Feb 2019 [UTC]

if they dont wanna list a load of globally settled assets thats up to them

funkit20:38:33 - 11 Feb 2019 [UTC]

Cryptokong123

people are free to use bitshares however they like

I'd say they should shut up.

Crypto Kong20:38:51 - 11 Feb 2019 [UTC]

good approach

Crypto Kong20:39:47 - 11 Feb 2019 [UTC]

If there was no cryptobridge... there would be a hell of a lot less fees being earned by bitshares and a hell of a lot less publicity

Crypto Kong20:40:14 - 11 Feb 2019 [UTC]

we need every single exchange that is building on bitshares to keep building and keep bringing new users

Crypto Kong20:40:26 - 11 Feb 2019 [UTC]

any concerns any of them have is valid and should be listened to

funkit20:43:00 - 11 Feb 2019 [UTC]

I have heard nothing but shit throwing from them today. And o haven't got a thank you note for throwing in a ton of support for their customers.

Simo Vevo20:44:30 - 11 Feb 2019 [UTC]

Simo Vevo20:44:36 - 11 Feb 2019 [UTC]

/cancel@IFTTT

IFTTT20:44:36 - 11 Feb 2019 [UTC]

No active command to cancel. I wasn't doing anything anyway. Zzzzz...

Crypto Kong20:45:16 - 11 Feb 2019 [UTC]

they are concerned about fee increases damaging their business

Crypto Kong20:45:34 - 11 Feb 2019 [UTC]

do they even know you are helping their users? have you reached out to them?

funkit20:46:02 - 11 Feb 2019 [UTC]

What else is new? I already heard that.

funkit20:46:59 - 11 Feb 2019 [UTC]

Cryptokong123

do they even know you are helping their users? have you reached out to them?

You know damn well they directed them our way without correcting it.

Crypto Kong20:47:46 - 11 Feb 2019 [UTC]

ah yeah... i remember... all the insults and the gifs making them out to be stupid... very helpful

Crypto Kong20:47:54 - 11 Feb 2019 [UTC]

do you need a hug? is that the real issue?

funkit20:50:01 - 11 Feb 2019 [UTC]

No. I just say what I think of the gateway that contributes least to the community.

Valera Cogut20:50:58 - 11 Feb 2019 [UTC]

funkit

No. I just say what I think of the gateway that contributes least to the community.

it make sense

fav20:57:36 - 11 Feb 2019 [UTC]

Told the late committee in 2017 iirc when they voted for near 0 fees to attract traders (which never happened) that there will be a harsh feedback if we were ever to raise them.

fav20:58:29 - 11 Feb 2019 [UTC]

Now we're debating some 2 cent fees for LTM accs 🙄

Crypto Kong21:04:29 - 11 Feb 2019 [UTC]

Yeah it sucks but unfortunately the situation we are in

Crypto Kong21:04:51 - 11 Feb 2019 [UTC]

Gradual increases does make sense rather than a sharp increase

fav21:05:40 - 11 Feb 2019 [UTC]

'The majority of our users are miners depositing amounts worth much less than $0.01 on average' oof, doesn't sound like a good running business either

Dima BLCKCHND21:06:30 - 11 Feb 2019 [UTC]

Cryptokong123

Gradual increases does make sense rather than a sharp increase

+ is not about fees is more about x50 instant raise

Nodestradamus 🚀21:06:51 - 11 Feb 2019 [UTC]

favdesu

Now we're debating some 2 cent fees for LTM accs 🙄

😩😩😩

Nodestradamus 🚀21:07:14 - 11 Feb 2019 [UTC]

Why the LTM’s suffer lol

Crypto Kong21:07:19 - 11 Feb 2019 [UTC]

favdesu

'The majority of our users are miners depositing amounts worth much less than $0.01 on average' oof, doesn't sound like a good running business either

Yeah miners shouldn't be mining direct to an exchange wallet its lazy

fav21:07:41 - 11 Feb 2019 [UTC]

They're not even worth the account fees

fav21:07:56 - 11 Feb 2019 [UTC]

Might as well keep them out

Crypto Kong21:08:01 - 11 Feb 2019 [UTC]

I have no sympathy for miners doing that

Crypto Kong21:08:41 - 11 Feb 2019 [UTC]

Or CB for allowing it to be honest

fav21:09:06 - 11 Feb 2019 [UTC]

As I said, that's not a solid business plan

fav21:09:08 - 11 Feb 2019 [UTC]

Imo

Crypto Kong21:09:21 - 11 Feb 2019 [UTC]

I agree

Valera Cogut21:09:35 - 11 Feb 2019 [UTC]

favdesu

As I said, that's not a solid business plan

funkit21:09:53 - 11 Feb 2019 [UTC]

Neither is NOT raising the fees, Fav

fav21:10:03 - 11 Feb 2019 [UTC]

Agreed

Crypto Kong21:10:51 - 11 Feb 2019 [UTC]

Fees need raising, everyone is in agreement. Its finding the middle ground and best approach

Crypto Kong21:11:24 - 11 Feb 2019 [UTC]

That would have been easier if everyone didnt leave it till last minute to get involved

Valera Cogut21:11:49 - 11 Feb 2019 [UTC]

Cryptokong123

Gradual increases does make sense rather than a sharp increase

absolutely agree and it works everywhere in our life 👍

funkit21:12:01 - 11 Feb 2019 [UTC]

The middle ground being yelling on twitter 😳

Valera Cogut21:12:04 - 11 Feb 2019 [UTC]

in sport the same for example :)

Crypto Kong21:12:22 - 11 Feb 2019 [UTC]

For example, i dont think anyone had considered the vesting balance increase affecting BCO stakers

Crypto Kong21:12:44 - 11 Feb 2019 [UTC]

funkit

The middle ground being yelling on twitter 😳

Yeah not the best approach lol

Valera Cogut21:14:11 - 11 Feb 2019 [UTC]

we need imho step by step solid approach !

Fabian Schuh21:17:12 - 11 Feb 2019 [UTC]

Cryptokong123

For example, i dont think anyone had considered the vesting balance increase affecting BCO stakers

actually, the committe has reduced the vesting-create fee **because** of CB in the past .. they were the first with an actual use-case for vesting balances

fav21:22:18 - 11 Feb 2019 [UTC]

Bitshares is a self sustaining financial platform, if traders can't do business at current fees, which are still cheaper than centralized competition AFAIK, then they're just a waste of space, nodes and bloat to the chain

Crypto Kong21:22:32 - 11 Feb 2019 [UTC]

Oh right, interesting. I should have said... i had not considered it lol

fav21:23:54 - 11 Feb 2019 [UTC]

Damage is done anyways, no need for another change

nutela21:32:38 - 11 Feb 2019 [UTC]

xeroc

it was active for over 2 years ..

So let's change it each 6 months and wait and see.

Europa21:37:44 - 11 Feb 2019 [UTC]

Cryptokong123

we need every single exchange that is building on bitshares to keep building and keep bringing new users

👍 and this is reality

Richard22:27:48 - 11 Feb 2019 [UTC]

Hello members https://coin-capital.club/?ref=richardsteve240 A Guide dedicated to all traders out there ,young and old. You are awesome I am not a financial adviser. Any legal or financial advice I give is my opinion based on my own experience. Always seek the advice of a professional before acting on something Will guide anybody interested on foundation to price action trading .it is not a system and definitely not a get rich quick scheme Will also give you trading strategy as well just to get you started. If it van help just one person to get closer to being a consistently profitable trader To all my subscribers followers and friends out there, old and new thank you for the gift of support

nutela22:44:01 - 11 Feb 2019 [UTC]

funkit

I have heard nothing but shit throwing from them today. And I haven't got a thank you note for throwing in a ton of support for their customers.

Support is IMHO the biggest drawback to BitShares. Maybe that would need to be in the UI, a chat box.

nutela22:51:02 - 11 Feb 2019 [UTC]

favdesu

Bitshares is a self sustaining financial platform, if traders can't do business at current fees, which are still cheaper then centralized competition AFAIK, then they're just a waste of space, nodes and bloat to the chain

Fully agree 👍

nutela22:51:02 - 11 Feb 2019 [UTC]

Good chat about the fee increase today!

Stefan22:51:11 - 11 Feb 2019 [UTC]

nut3l4

Support is IMHO the biggest drawback to BitShares. Maybe that would need to be in the UI, a chat box.

Working on one atm that is even cross-chain and that could easily be intergrated into UI (speak: allow easy tipping!) See the demo (clunky alpha) at the bottom right of bitsharesvotes.com, powered by Beet - Your blockchain companion 😊

nutela22:54:28 - 11 Feb 2019 [UTC]

sschiessl

Working on one atm that is even cross-chain and that could easily be integrated into UI (speak: allow easy tipping!). The text is currently stored in firebase, but switching to e.g. WhaleShares is possible (but not necessary IMO) See the demo (clunky alpha) at the bottom right of bitsharesvotes.com, powered by Beet - Your blockchain companion 😊

Wow really? That's so cool!

nutela22:55:52 - 11 Feb 2019 [UTC]

I'd like also to have a security from BitShares that the Gateway has 100% reserve or more guaranteed by BitShares blockchain smart contract. Multi sig deposits or something.

Stefan22:56:31 - 11 Feb 2019 [UTC]

nut3l4

I'd like also to have a security from BitShares that the Gateway has 100% reserve or more guaranteed by BitShares blockchain smart contract. Multi sig deposits or something.

Ask your favorite gateway about that. BitShares is merely the platform in that matter

nutela22:57:26 - 11 Feb 2019 [UTC]

sschiessl

Ask your favorite gateway about that. BitShares is merely the platform in that matter

No I think that would be a prerequisite to become a BitShares GW. That would attract much more users concerned about their hard assets like BTC

nutela22:58:09 - 11 Feb 2019 [UTC]

A lot are not your key not your crypto

Stefan22:58:39 - 11 Feb 2019 [UTC]

They all are, even with full reserves. That is the technical limitation of a centralized gateway

Stefan22:58:56 - 11 Feb 2019 [UTC]

nut3l4

No I think that would be a prerequisite to become a BitShares GW. That would attract much more users concerned about their hard assets like BTC

What you mean is being listed in the reference UI. With that I agree

nutela23:00:09 - 11 Feb 2019 [UTC]

sschiessl

They all are, even with full reserves. That is the technical limitation of a centralized gateway

What 100% reserve?

Stefan23:00:57 - 11 Feb 2019 [UTC]

nut3l4

What 100% reserve?

I mean even with a gateway that has 100% reserve, you still don't thr the key

nutela23:01:26 - 11 Feb 2019 [UTC]

sschiessl

I meant even with a gateway that has 100% reserve, you still don't have the key

I know it should be like an escrow

Stefan23:01:52 - 11 Feb 2019 [UTC]

nut3l4

I know it should be like an escrow

Yes trustless gateway, totally different horse

nutela23:02:15 - 11 Feb 2019 [UTC]

sschiessl

Yes trustless gateway, totally different horse

Has it been discussed? I bet it has.

nutela23:02:19 - 11 Feb 2019 [UTC]

Thanks for the naming.

Stefan23:02:48 - 11 Feb 2019 [UTC]

sschiessl

@favdesu might like that

Stefan23:03:16 - 11 Feb 2019 [UTC]

nut3l4

Has it been discussed? I bet it has.

Numerous times. No viable approach found yet

nutela23:03:51 - 11 Feb 2019 [UTC]

sschiessl

Numerous times. No viable approach found yet

Okay so it's a technical problem.

nutela23:04:22 - 11 Feb 2019 [UTC]

I'd say have GW do also 175% collateral

John Jones23:04:24 - 11 Feb 2019 [UTC]

nut3l4

Has it been discussed? I bet it has.

HTLC may help on the technical side.

John Jones23:04:50 - 11 Feb 2019 [UTC]

But you need to be able to find someone willing to do the swap.

nutela23:05:25 - 11 Feb 2019 [UTC]

If you can be your own GW having bitUSD for your BTC collateral perhaps.

Stefan23:05:27 - 11 Feb 2019 [UTC]

jmjatlanta

But you need to be able to find someone willing to do the swap.

Not the same imo. I wanna hold a trustless BTC IOU in BitShares DEX

nutela23:06:06 - 11 Feb 2019 [UTC]

sschiessl

Not the same imo. I wanna hold a trustless BTC IOU in BitShares DEX

Me too

Stefan23:06:20 - 11 Feb 2019 [UTC]

Anyways, good night for today 🐝

nutela23:06:31 - 11 Feb 2019 [UTC]

If that could beat Lightening Network...

nutela23:07:20 - 11 Feb 2019 [UTC]

sschiessl

Anyways, good night for today 🐝

Good night and thanks for the naming, that's always a problem for me, naming the concept.

George (Bitspark)00:11:39 - 12 Feb 2019 [UTC]

nut3l4

I'd like also to have a security from BitShares that the Gateway has 100% reserve or more guaranteed by BitShares blockchain smart contract. Multi sig deposits or something.

http://audit.bitspark.io

Danielle Karen S00:12:12 - 12 Feb 2019 [UTC]

Hello people. Good evening

George (Bitspark)00:12:21 - 12 Feb 2019 [UTC]

sschiessl

Numerous times. No viable approach found yet

? We had provable reserves since we launched our gateway

tbone00:47:36 - 12 Feb 2019 [UTC]

George_Bitspark

? We had provable reserves since we launched our gateway

they were referring to trustless gateway

Daniel Shaner02:59:33 - 12 Feb 2019 [UTC]

Wow, Birdchain has just been listed on idex https://idex.market/eth/bird Go now and purchase the Birdchain token why it is still very cheap, join the Birdchain officials telegram channel @birdchainchat to learn more about Birdchain. Also don’t forget to download the Birdchain office Dapp at https://play.google.com/store/apps/details?id=io.birdchain.app Note:: Buy Birdchain token as much as possible, big news coming, Birdchain will be listed very soon on coinmarketcap and many new exchanges are coming. What is Birdchain ? Birdchain is a revolutionary Dapp that allows advertisers to advertise their product and services to anyone having the Birdchain Dapp, and once the users engage with the ads they earn real crypto for doing that. Also Birdchain will lunch it A2P sms functionality this March. This A2P sms functionality will allow users to sell their unused sms to others individuals or companies. It very simple sell your sms which you are not using and you earn real money by doing that.

John R03:03:16 - 12 Feb 2019 [UTC]

lordcryp

https://tenor.com/view/charlieday-gif-8142507

fav05:52:32 - 12 Feb 2019 [UTC]

sschiessl

Scatter integration? ☺️

George (Bitspark)06:14:50 - 12 Feb 2019 [UTC]

btw since when rossul UI worker voted back in? thats cool btw 👍👍

Stefan06:26:53 - 12 Feb 2019 [UTC]

favdesu

Scatter integration? ☺️

When lambo?

mindphlux07:13:48 - 12 Feb 2019 [UTC]

Anyone got a link with a graph of the current state of the reserve pool handy?

Stefan07:20:41 - 12 Feb 2019 [UTC]

mindphlux

Anyone got a link with a graph of the current state of the reserve pool handy?

@xeroc made one

Stefan07:22:04 - 12 Feb 2019 [UTC]

xeroc

Looks like this

mindphlux07:23:23 - 12 Feb 2019 [UTC]

Thanks, looking for a more historic one to better understand the entire fee situation

Stefan07:27:15 - 12 Feb 2019 [UTC]

If you are gonna be constructive with it I bet it can be adjusted to your needs 😊

mindphlux07:27:22 - 12 Feb 2019 [UTC]

mindphlux07:29:11 - 12 Feb 2019 [UTC]

Trying my best to get a overall picture so I can make better informed decisions and suggestions

Stefan09:16:56 - 12 Feb 2019 [UTC]

https://twitter.com/cz_binance/status/1095187500056772608 Someone ask if the number of "11 validator nodes" is a coincidence, or if they forked BitShares :P

Elias09:19:07 - 12 Feb 2019 [UTC]

🤣 MIT license

Elias09:21:21 - 12 Feb 2019 [UTC]

A smart move for Binance if it were forking Bitshares. Tested in the wild for years.

Stefan09:22:36 - 12 Feb 2019 [UTC]

Would be a tough pull to swallow since BBF has applied for their Dexathon, but as you said it's MIT, and we are competition

Digital Lucife®09:23:09 - 12 Feb 2019 [UTC]

a) nobody knows bitshares core better then our own developers

Digital Lucife®09:23:20 - 12 Feb 2019 [UTC]

b) with just 11 validator nodes i dont believe they will pull even 2k tps

Stefan09:23:23 - 12 Feb 2019 [UTC]

murda_ra

a) nobody knows bitshares core better then our own developers

Never underestimate competition!

Digital Lucife®09:23:36 - 12 Feb 2019 [UTC]

c) 100k USD for listing a coin - they'll not have much business in the future.

Stefan09:23:52 - 12 Feb 2019 [UTC]

murda_ra

b) with just 11 validator nodes i dont believe they will pull even 2k tps

You can probably pull more tps with less witnesses if those 11 have strong bandwith

Digital Lucife®09:24:14 - 12 Feb 2019 [UTC]

why we havent pulled then in testnet much more ?

Stefan09:24:16 - 12 Feb 2019 [UTC]

murda_ra

c) 100k USD for listing a coin - they'll not have much business in the future.

Ah, ask and demand :)

Digital Lucife®09:24:25 - 12 Feb 2019 [UTC]

3gbit was just mine shitty node

Stefan09:24:39 - 12 Feb 2019 [UTC]

murda_ra

3gbit was just mine shitty node

guaranteed, or up to 3gbit?

Digital Lucife®09:25:46 - 12 Feb 2019 [UTC]

was tested and screenshotted while you were perfoming stresstest

Stefan09:25:50 - 12 Feb 2019 [UTC]

murda_ra

why we havent pulled then in testnet much more ?

I could do > 6k single op tx / s on testnet with witnesses in same data center, if I put more ops in one tx that number multiplies by the amount of ops per tx

Digital Lucife®09:26:31 - 12 Feb 2019 [UTC]

sschiessl

I could do > 6k single op tx / s on testnet with witnesses in same data center, if I put more ops in one tx that number multiplies by the amount of ops per tx (almost)

Then BitShares will never see 100k TPS since the witnesses are completely decentralized and not even running similar/same specs.

Stefan09:27:00 - 12 Feb 2019 [UTC]

murda_ra

Then BitShares will never see 100k TPS since the witnesses are completely decentralized and not even running similar/same specs.

Needs optimization in the P2P layer

מX

מ0ר Xanoxt de Canzaparca09:27:31 - 12 Feb 2019 [UTC]

George_Bitspark

since when rossul UI worker voted back in? thats cool btw 👍👍

Since some weeks ago, I talked to Dan of Blocktrades about it, and it tipped the scale.

Fabian Schuh09:28:44 - 12 Feb 2019 [UTC]

👍

George (Bitspark)09:30:04 - 12 Feb 2019 [UTC]

Xanoxt

Since some weeks ago, I talked to Dan of Blocktrades about it, and it tipped the scale.

👍👍👍

Digital Lucife®09:30:19 - 12 Feb 2019 [UTC]

Xanoxt

Since some weeks ago, I talked to Dan of Blocktrades about it, and it tipped the scale.

They showed some belief in what they are doing and faith in the blockchain/stake-holders and continue work even when they were not voted-in. Since Trusty and all my other workers done the same, and i understand the position from financial/business perspective - its for respect definitely. Lets hope for the best of their delivery and see what gonna happen

מX

מ0ר Xanoxt de Canzaparca09:37:31 - 12 Feb 2019 [UTC]

In any case the UX analysis/design part is more or less finished (from their progress reports), now its moving into implementation phase.

Digital Lucife®09:56:29 - 12 Feb 2019 [UTC]

Xanoxt

In any case the UX analysis/design part is more or less finished (from their progress reports), now its moving into implementation phase.

👍🏻

Ravi R09:58:30 - 12 Feb 2019 [UTC]

ફરી પ્રિયા પ્રકાશે મચાવી ધમાલ, હવે કિસિંગ વીડિયો થયો વાયરલ http://bit.ly/2TMZFlb

nutela10:00:00 - 12 Feb 2019 [UTC]

Xanoxt

In any case the UX analysis/design part is more or less finished (from their progress reports), now its moving into implementation phase.

Good stuff and hello!

nutela10:00:00 - 12 Feb 2019 [UTC]

George_Bitspark

http://audit.bitspark.io

I know George but thanks. This should be on chain...

מX

מ0ר Xanoxt de Canzaparca10:01:43 - 12 Feb 2019 [UTC]

Yeah, hi.

Jonathan Bahai10:11:02 - 12 Feb 2019 [UTC]

sschiessl

https://twitter.com/cz_binance/status/1095187500056772608 Someone ask if the number of "minimum 11 validator nodes" is a coincidence, or if they forked BitShares :P

They are using tendermint consensus with cosmos to do their dex from the information I got. Looks similar but not the same.. and since they can control who validates they can ensure high connectivity.. heck they could run validators from the same box of they want.. they may need to for performance.

Jonathan Bahai10:14:46 - 12 Feb 2019 [UTC]

murda_ra

b) with just 11 validator nodes i dont believe they will pull even 2k tps

With bitshares the less nodes and in closer proximity the better.. bms early day performance claims were true if you run from one box.. add network latency and separate out witness nodes and it slows down

Alex M - clockwork10:15:29 - 12 Feb 2019 [UTC]

JBahai

is cosmos even released yet?

Jonathan Bahai10:19:33 - 12 Feb 2019 [UTC]

clockworkgr

is cosmos even released yet?

I dont follow it.. not sure.. they have a pretty cool take on governance though.. allowing for multiple parties.. Ithe CTO was speaking at an event I was speaking at back in 2017.. smart guy.

Joe, Son of Bob, Uncle to Tom10:25:21 - 12 Feb 2019 [UTC]

clockworkgr

is cosmos even released yet?

https://youtu.be/wgEBo-u19Wc?t=193

Crypto Kong10:32:32 - 12 Feb 2019 [UTC]

sschiessl

https://twitter.com/cz_binance/status/1095187500056772608 Someone ask if the number of "minimum 11 validator nodes" is a coincidence, or if they forked BitShares :P

Done😃

Crypto Kong10:32:53 - 12 Feb 2019 [UTC]

https://twitter.com/CryptoKong123/status/1095269330865057793?s=19

Crypto Kong10:33:08 - 12 Feb 2019 [UTC]

Like/ retweet to push up the thread

Anthonie Wilson11:03:30 - 12 Feb 2019 [UTC]

Could someone help me? Can UIA have 2+ asset as to pairing? Given a user-issued asset "GOLD", for example, can paring be GOLD/BTS and GOLD/USD?

Anthonie Wilson11:04:07 - 12 Feb 2019 [UTC]

Where USD is smart coin.

Anthonie Wilson11:04:40 - 12 Feb 2019 [UTC]

USD can be replace with other Smart coin or UIA.

Stefan11:09:26 - 12 Feb 2019 [UTC]

anthoniewilson

Could someone help me? Can UIA have 2+ assets as to pairing? Given a user-issued asset "GOLD", for example, can paring be GOLD/BTS and GOLD/USD?

Per default any asset is tradeable against EVERY other asset on the blockchain

Alexey "Безликий" Petrov11:12:41 - 12 Feb 2019 [UTC]

And GOLD - MPA

Jane Fon11:27:18 - 12 Feb 2019 [UTC]

Good morning everyone

Alex M - clockwork12:47:15 - 12 Feb 2019 [UTC]

FYI. New Fee schedule adjustment has been postponed pending further conversation and agreement on a gradual raise. The fees will only be adjusted to the previously agreed USD prices (i.e. adjusted for BTS price decrease since)

Crypto Kong12:47:52 - 12 Feb 2019 [UTC]

clockworkgr

Wise move

Alex M - clockwork12:48:39 - 12 Feb 2019 [UTC]

well...we're not here to mess with anyone's business... I guess the discussion wasn't considered long enough or not taken seriously enough

Alex M - clockwork12:48:53 - 12 Feb 2019 [UTC]

so just giving everyone a bit more time to

Crypto Kong12:49:21 - 12 Feb 2019 [UTC]

Its an unfortunate reality that people dont care till its actually gonna affect them then shit hits the fan

fav12:49:41 - 12 Feb 2019 [UTC]

Yeah, think about the $0.01 shitcoin miners :(

Alex M - clockwork12:50:33 - 12 Feb 2019 [UTC]

favdesu

Yeah, think about the $0.01 shitcoin miners :(

I dgaf about them personally...but since a business that brings a lot of usage to BitShares does....I have to respect their POV

Crypto Kong12:52:35 - 12 Feb 2019 [UTC]

I think cryptobridge need to consider improving their deposit crediting system if miners are mining direct to exchange wallets. Ie credits only issued once a certain deposit size is accumulated

Dima BLCKCHND13:08:11 - 12 Feb 2019 [UTC]

sschiessl

we will definitely elect representative from rudex community to be a committee member and take a part in this discussion

מX

מ0ר Xanoxt de Canzaparca13:23:48 - 12 Feb 2019 [UTC]

I am writing a committee candidacy proposal, since I am the guy from Ruissan community that you all know. We've talked about that yesterday, and I've registered xanoxt-committee account for that, expect a bitsharestalk (org & io) post somewhere later today or early tomorrow, depending on your time zone.

Alex M - clockwork13:28:22 - 12 Feb 2019 [UTC]

another option

Alex M - clockwork13:28:51 - 12 Feb 2019 [UTC]

is to raise the percentage of the network cut instead , which is currently at (imho very low) 20%

Elias13:29:02 - 12 Feb 2019 [UTC]

We all must take care of the fishing grounds. Taking care of the infraestructure that supports actual and future business.

Europa13:29:06 - 12 Feb 2019 [UTC]

sschiessl

XBTS exchange also works on the BitShares blockchain and expands the community. We also want to participate in the discussion.

Dima BLCKCHND13:29:37 - 12 Feb 2019 [UTC]

clockworkgr

is to raise the percentage of the network cut instead , which is currently at (imho very low) 20%

hm, thats interesting perspective

Alex M - clockwork13:29:59 - 12 Feb 2019 [UTC]

as I mentioned the other day

Alex M - clockwork13:30:17 - 12 Feb 2019 [UTC]

all orders placed/filled/cancelled on all pairs on the DEX

Alex M - clockwork13:30:35 - 12 Feb 2019 [UTC]

who wants to take a guess at what the reserve makes daily from ALL of them?

Alex M - clockwork13:30:50 - 12 Feb 2019 [UTC]

(with the existing fee schedule)

Dima BLCKCHND13:30:59 - 12 Feb 2019 [UTC]

20$ you said

Alex M - clockwork13:31:03 - 12 Feb 2019 [UTC]

exactly

Dima BLCKCHND13:31:14 - 12 Feb 2019 [UTC]

no question about fees

Alex M - clockwork13:31:18 - 12 Feb 2019 [UTC]

can we start teh discussion by agreeing that's a joke?

Alex M - clockwork13:31:21 - 12 Feb 2019 [UTC]

Dima BLCKCHND13:31:55 - 12 Feb 2019 [UTC]

blockchained

no question about fees

we need and must rase them

Dima BLCKCHND13:32:46 - 12 Feb 2019 [UTC]

like I told before, just to find a midlle ground to do it no so dramaticly

Alex M - clockwork13:33:17 - 12 Feb 2019 [UTC]

sure

Stefan13:33:21 - 12 Feb 2019 [UTC]

Eliasbts

We all must take care of the fishing grounds. Taking care of the infraestructure that supports actual and future business.

In that regards, please consider the pinned post!

fav13:41:52 - 12 Feb 2019 [UTC]

clockworkgr

can we start teh discussion by agreeing that's a joke?

That's 2k CB customers 😏

mindphlux13:54:11 - 12 Feb 2019 [UTC]

We will be thinking how to disincentivize small deposits from those pesky miners

Crypto Kong14:27:23 - 12 Feb 2019 [UTC]

When asset issuers select a market fee (usually 0.2%) could bitshares take a cut of that? I understand this would probably require protocol upgrade

Crypto Kong14:27:57 - 12 Feb 2019 [UTC]

And the fee wouldnt be in bts but another option to consider

Crypto Kong14:28:52 - 12 Feb 2019 [UTC]

Or could it be converted via the fee pool

Alex M - clockwork14:30:41 - 12 Feb 2019 [UTC]

mindphlux

We will be thinking how to disincentivize small deposits from those pesky miners

grouping them in some way to a minimum amoutn should help

Mathew14:30:44 - 12 Feb 2019 [UTC]

blockchained

20$ you said

Ah...that doesn't sound sustainable

Dima BLCKCHND14:31:19 - 12 Feb 2019 [UTC]

matle85

Ah...that doesn't sound sustainable

Like @clockworkgr said, it is a joke

Dima BLCKCHND14:31:38 - 12 Feb 2019 [UTC]

but realyty in our case

Dima BLCKCHND14:32:30 - 12 Feb 2019 [UTC]

not so funny )

franke davis14:55:47 - 12 Feb 2019 [UTC]

DEAR INVESTORS BE WISE IN ALL ASPECTS OF YOUR LIFE SO THAT YOU MAKE YOUR DREAMS A REALITY, INVESTING IN YOURSELF IS ONE OF THE MAJOR KEYS TO SUCCESS YOU SHOULD INVEST YOUR TIME, EFFORT, MONEY AND ACTIONS IN ACTIVITIES AND INVESTMENTS THAT WILL YIELD A PROFITABLE RETURN IN THE FUTURE AND THE FUTURE ITSELF STARTS FROM NOW WHEN YOU INVEST, YOU ARE BUYING A DAY THAT YOU DON'T HAVE TO WORK...YOU SHOULD ALL KNOW THAT AN INVESTOR WITHOUT AN INVESTMENT OBJECTIVES IS LIKE A TRAVELLER WITHOUT A DESTINATION, WE URGE YOU ALL TO LOOK DEEP INTO YOUR FUTURE AND HAVE A GOOD REASONS TO INVEST WITH US NOW AND A BETTER REASONS TO ENJOY LATER ✔️BINARY ✔️ 💰Invest $500 and earn$3,500.00 💰 💰Invest $1000 and earn $7,000.00 💰 💰Invest $2000 and earn $14,000.00 💰 💰Invest $3000 and earn $21,000.00 💰 💰Invest $4000 and earn $28,000.00💰 💰Invest $5000 and earn $35,000.00 💰 If interested Contact us now for more information ✍️ DM OR 👇 JOIN OUR TELEGRAM CHANNEL WITH OTHER SUCCESSFUL INVESTORS⬇⬇⬇https://t.me/joinchat/AAAAAEfm0AIQ2F2cYVxFvw

Elias15:19:50 - 12 Feb 2019 [UTC]

It seems that many people didn't know CB is based in Bitshares. 😋

Tuan Tran15:20:40 - 12 Feb 2019 [UTC]

What is cb?please explain

CRYPTOLATION15:21:40 - 12 Feb 2019 [UTC]

Why the pump?

Alex M - clockwork15:22:28 - 12 Feb 2019 [UTC]

fwiw

Alex M - clockwork15:22:35 - 12 Feb 2019 [UTC]

the excel file here: https://github.com/bitshares/committee-tools/pull/1

Alex M - clockwork15:22:43 - 12 Feb 2019 [UTC]

has all the macros set up

Allforyou15:22:44 - 12 Feb 2019 [UTC]

Tuan Tran

What is cb?please explain

CryptoBridge

Alex M - clockwork15:23:03 - 12 Feb 2019 [UTC]

with a 6-month log of operation type breakdown

Alex M - clockwork15:23:15 - 12 Feb 2019 [UTC]

you can adjust the BTS price in USD

Alex M - clockwork15:23:23 - 12 Feb 2019 [UTC]

the network percentage (currently 20%)

Alex M - clockwork15:23:33 - 12 Feb 2019 [UTC]

and the price in USD for each op

Alex M - clockwork15:23:43 - 12 Feb 2019 [UTC]

and see how the reserve pool incoem changes

Alex M - clockwork15:23:54 - 12 Feb 2019 [UTC]

over those 6 months

i#15:31:46 - 12 Feb 2019 [UTC]

😎

kenCode15:33:49 - 12 Feb 2019 [UTC]

----- BiTSy android wallet v0.10-beta released ----- Using BiTShares on mobile has never been easier. WHAT'S NEW * Cleaned up the Send screen * Added 6 more BTS merchants to the searchable map * Upgraded the Transactions screen to include Sender/Receiver names, Filter and Export tools This version: - works seamlessly at all PalmPay merchants - supports all 2000+ BiTShares coins (BTS, bitUSD, bitEUR, QUINTS, FISTBUMP, etc) Info/Downloads: www.BiTSy-wallet.com

coinrhobo16:49:35 - 12 Feb 2019 [UTC]

is there a price discussion group

Dino Devon16:54:45 - 12 Feb 2019 [UTC]

good work @clockworkgr bringing up unpopular topic now

fractalnode16:59:33 - 12 Feb 2019 [UTC]

coinrhobo

is there a price discussion group

https://t.me/Bitshares_Traders https://t.me/BTSDEXTraders

מX

מ0ר Xanoxt de Canzaparca17:08:25 - 12 Feb 2019 [UTC]

JBahai

I dont follow it.. not sure.. they have a pretty cool take on governance though.. allowing for multiple parties.. Ithe CTO was speaking at an event I was speaking at back in 2017.. smart guy.

I need to look into it, researching a lot of governance stuff unrelated to Bitshares

Crypto Kong17:22:27 - 12 Feb 2019 [UTC]

Eliasbts

It seems that many people didn't know CB is based on Bitshares. 😋

the majority of their users have no idea, CB had to setup a fee paying faucet so users can get enough bts to cancel orders because non of them realise you need bts to pay blockchain fees

litepresence17:50:38 - 12 Feb 2019 [UTC]

https://github.com/bitshares/committee-tools/issues/4#issuecomment-462849088 my commentary on DEX limit order fee structures

funkit18:13:53 - 12 Feb 2019 [UTC]

Cryptokong123

the majority of their users have no idea, CB had to setup a fee paying faucet so users can get enough bts to cancel orders because non of them realise you need bts to pay blockchain fees

But that was months after me, fav and others had helped them out.

Crypto Kong18:23:13 - 12 Feb 2019 [UTC]

https://twitter.com/CryptoBridge/status/1095377362710081536?s=19

Binary Expert trader18:24:18 - 12 Feb 2019 [UTC]

Bitcoin mining!! Bitcoin mining!! Bitcoin mining!! Invest $200 and gain a profits of $670 in 7days after trading. Investment of $300 will earn you $890 in 7days. Investment of $400 will earn you $1370 in 14days after trading. Minimum investment of $500 will earn you $2100 in 14days after trading. If you are interested in investing. Contact:+16314904647. Also on telegram.

Binary Expert trader18:24:28 - 12 Feb 2019 [UTC]

Jonathan Bahai19:12:35 - 12 Feb 2019 [UTC]

Xanoxt

I need to look into it, researching a lot of governance stuff unrelated to Bitshares

Good idea.. its better to learn from others mistakes and successes where possible.

Cryptick Cryptick19:16:33 - 12 Feb 2019 [UTC]

Wow, sounds like there was lots of fee discussion recently. Just for the record. I support higher fees. https://steemit.com/bts/@cryptick/why-bitshares-need-sustainable-pricing

Cryptick Cryptick19:17:32 - 12 Feb 2019 [UTC]

And sorry if it is late to join in on the discussion...

Crypto Kong19:22:55 - 12 Feb 2019 [UTC]

I think everyone agrees fees need to increase, its which ones need to increase and by how much

Crypto Kong19:24:48 - 12 Feb 2019 [UTC]

I think we should massively increase fees for special account names and UIA creation

vvk19:27:53 - 12 Feb 2019 [UTC]

mindphlux

We will be thinking how to disincentivize small deposits from those pesky miners

Aggregate all deposits until minimal required amount is reached.

funkit19:28:39 - 12 Feb 2019 [UTC]

teaser

COINLEND19:35:50 - 12 Feb 2019 [UTC]

Hi dears, im look for a loan shark. Do you know one??

Cryptick Cryptick19:43:49 - 12 Feb 2019 [UTC]

Cryptokong123

I think everyone agrees fees need to increase, its which ones need to increase and by how much

Well, I hope someone does the math about what it actually costs to run a organization.

Cryptick Cryptick19:48:42 - 12 Feb 2019 [UTC]

I briefly pitched a major regional bank this weekend. It is did not go well. BitShares did not have enough brand recognition to get past the 5 minute mark. Even though BitShares has a full ready to go soltuion for what the organization needs, they didn't want to hear about it. Now I come back and see people bitching about fee increases that are overdue! If we cann't get fees under control, if we cann't get public opinion under control, we have a very major problem. It really is sad.

Stefan19:49:41 - 12 Feb 2019 [UTC]

Cryptick1

I briefly pitched a major regional bank this weekend. It did not go well. BitShares did not have enough brand recognition to get past the 5 minute mark. Even though BitShares has a full ready to go soltuion for what the organization needs, they didn't want to hear about it. Now I come back and see people bitching about fee increases that are overdue! If we cann't get fees under control, if we cann't get public opinion under control, we have a very major problem. It really is sad.

Could you elaborate what you pitched and what the reasons for them were to shut you down?

Stefan19:54:49 - 12 Feb 2019 [UTC]

Thanks for your efforts btw 😊

Cryptick Cryptick19:57:23 - 12 Feb 2019 [UTC]

sschiessl

Could you elaborate please what you pitched and what the reasons for them were to shut you down?

Sure, So as I was talking to the blockchain director for a regional bank. They were looking for a crypto soltuion for thier customers. (This is a US bank with over a million customers) They wanted support for the top five cryptos, ability to tokenize assets, (something like a customers account receivables ect). I got the five minute pitch. Hey, I think I have a full potential white label out of the box soltuion for you, I breifly started to explain bitshares, and how we could position the bank as a portal. (Hello everyone has been wanting a US fiat portal.) About two minutes in, the question was... What is BitShares? And Why have I never heard about it before? Trying to give the a little credability I explained it was a decentralized exchange ranked #44 on Coin Market Cap. (I had anticipated this would give it some street cred). And his responses was why do I care about some 44th ranked crypto?

Cryptick Cryptick19:58:51 - 12 Feb 2019 [UTC]

Was I able to explain all the great features of BitShares? No. It was a elevator type pitch, you don't have time. It takes time to explain all the features.

Cryptick Cryptick19:59:53 - 12 Feb 2019 [UTC]

More General Brand Awareness and name recognition would have helped. Having Fewer scam crytpo's on top of us in the coin market cap list, also would have helped.

fav20:00:09 - 12 Feb 2019 [UTC]

I'm not sure if it's a good idea to tell normies the coinmarketcap rank when explaining a platform to be honest

Cryptick Cryptick20:00:59 - 12 Feb 2019 [UTC]

favdesu

I'm not sure if it's a good idea to tell normies the coinmarketcap rank when explaining a platform to be honest

So how do you try to give a project instant credability?

Cryptick Cryptick20:01:14 - 12 Feb 2019 [UTC]

(In the 12 seconds...)

Bellick Algo20:01:38 - 12 Feb 2019 [UTC]

saying its been running for several years

BezosOfBitcoins20:01:41 - 12 Feb 2019 [UTC]

BezosOfBitcoins20:01:54 - 12 Feb 2019 [UTC]

bellick4

saying its been running for several years

Why?

fav20:03:31 - 12 Feb 2019 [UTC]

just tell them it meets all their requirements, they usually start asking smartass questions then because they don't believe it

Cryptick Cryptick20:04:08 - 12 Feb 2019 [UTC]

bellick4

saying its been running for several years

I hear what you are saying, but when you are trying to talk to a 100 year old bank and you say the project is several years old, it also lends to less credability.

Cryptick Cryptick20:05:23 - 12 Feb 2019 [UTC]

And to say we have a working product, -which is a lot in crytpo- also adds less credability, because it reminds them of all those that don't.

Cryptick Cryptick20:05:54 - 12 Feb 2019 [UTC]

favdesu

just tell them it meets all their requirements, they usually start asking smartass questions then because they don't believe it

Interesting...

Cryptick Cryptick20:07:24 - 12 Feb 2019 [UTC]

I certainly felt a bit blown off by the conversation, however, I dug in some numbers (in a presentaiton later) and got to tell him his bank had already missed out on a bunch of revenue from not being in the space.

Cryptick Cryptick20:08:17 - 12 Feb 2019 [UTC]

I think I opened up his eyes explaining that coinbase had made 1.3 billion off crpto last years.

Cryptick Cryptick20:08:52 - 12 Feb 2019 [UTC]

And that that his bank had lost profits, but not being in the space.

fav20:09:05 - 12 Feb 2019 [UTC]

so blockchain director = last person to say no

Cryptick Cryptick20:09:40 - 12 Feb 2019 [UTC]

favdesu

so blockchain director = last person to say no

Almost... he has to get it past the board I am sure.

fav20:09:56 - 12 Feb 2019 [UTC]

I mean like he has no idea how this whole thing works

Cryptick Cryptick20:12:28 - 12 Feb 2019 [UTC]

favdesu

I mean like he has no idea how this whole thing works

He certainly does not understand BitShares. He has a forex background. I wouldn't say he has no idea, I am saying that he probably is the only person in the bank at this point dealing with the stuff, might have a small team, but based on what he wanted to build out and offer customers (Which would basically be a copy of coinbase to start off with...) there was a long way to go.

Jonathan Bahai20:12:32 - 12 Feb 2019 [UTC]

favdesu

I mean like he has no idea how this whole thing works

He knows the blocks run in the tubes or the internet I bet! :)

Cryptick Cryptick20:13:46 - 12 Feb 2019 [UTC]

On the positive side, I think he felt confident he could overcome all regulatory issues on his side. (In other words, I think he has a tenative OK from the lawyers.)

Cryptick Cryptick20:15:16 - 12 Feb 2019 [UTC]

From a banking perspective there is a lot of stuff he needs to consider and accomplish. His customers are going to need more hand holding. ( like a account recovery services, education, legal, tax advise)

Cryptick Cryptick20:16:28 - 12 Feb 2019 [UTC]

We are dealing with a fully compliant bank. And this bank was missing out in potential net revenue of 1 to 8 million a year just sevicing already exisiting bank customers.

Cryptick Cryptick20:16:51 - 12 Feb 2019 [UTC]

About 8% of all americans have crypto. 5% BTS 2% ETH.

Cryptick Cryptick20:17:04 - 12 Feb 2019 [UTC]

Average holdings of about $2,500.

Cryptick Cryptick20:18:00 - 12 Feb 2019 [UTC]

But the bank of course has both business and residential customers. So offering a coinbase like features/portal/fiat gateway one can assume most people would rather deal with their local trusted bank instead of coinbase.

Cryptick Cryptick20:21:22 - 12 Feb 2019 [UTC]

So I am just saying, if BTS want to make this thing sustainable, we need to be ready. We need to get all teh other ducks in a row. Things like fee schedules, worker proposals, advertising. This is stuff that we should not be discussing now (We should have discussed it long ago) , it makes us look like fools, (That we havn't sovled it all yet...) And we cann't move onto adding new features if we cann't fund the developement and core that needs to happen in running a business.)

Cryptick Cryptick20:21:47 - 12 Feb 2019 [UTC]

I know I am only one person, I am not sure exactly what is needed, but we can do better!

funkit20:33:51 - 12 Feb 2019 [UTC]

Was it a FDIC insured bank??? 😁 Jokes aside: I think pitching bitshares in 10 minutes is almost waste of breath. It is far more complex than just saying it is a smart contract platform with xxk daily users. And the usual buzzwords. I think t is an (almost) complete financial platform. As simple as that. It should be posible even for the most conventional banker to grasp.

Cryptick Cryptick20:35:47 - 12 Feb 2019 [UTC]

funkit

YES. FDIC INSURED!!! (You don't get 100+ years old and with 1 milliion customers. in the USA without an FDIC sticker on your window!)

Cryptick Cryptick20:40:32 - 12 Feb 2019 [UTC]

funkit

Your also right about it being a hard pitch to get everything in a couple of minutes. Really impossible. You just need to get them interested enough to get to the next ptich...

funkit20:45:23 - 12 Feb 2019 [UTC]

Focus on core values: Freedom Seurity Liberty Simple concepts that has been lacking in the conversation all the time I have been in this circus.

funkit20:48:43 - 12 Feb 2019 [UTC]

Being too technical and difficult has an awful side-effect of how things compare to the market leader. Not that it is a problem to beat the crap out of the top ten coins, but it just sounds unbelievable.

R20:52:48 - 12 Feb 2019 [UTC]

Cryptick1

You should pitch that it's 3rd in blockchain activity ranking, rather than 44th in marketcap, aught to catch them off guard that their other investment is going unused by comparison.

Cryptick Cryptick20:58:33 - 12 Feb 2019 [UTC]

cmmob

You should pitch that it's 3rd in blockchain activity ranking, rather than 44th in marketcap, aught to catch them off guard that their other investment is going unused by comparison.

I like that one of the top 3 most active blockchains, or even as one of the top 5 most active block chains. That does have a nice ring to it.

Cryptick Cryptick21:00:04 - 12 Feb 2019 [UTC]

funkit

Well so much of this crypto stuff is unbelievable, because it is made up. Sad but true.

funkit21:04:14 - 12 Feb 2019 [UTC]

True. The interesting thing is that in on my home turf the occasional stock broker starts to voice their support for crypto as an alternative investment. I even read one that pitched the benefit of decentralised. Still he mentioned Ripple in the same article. But over all, I was surprised to see he voice an opinion.

Cryptick Cryptick21:11:10 - 12 Feb 2019 [UTC]

funkit

Well when the world Figures out that IBM Stock Certificate #1 equals bitcoin #1; IBM stock certificate #2 = bitcoin #2; IBM stock certificate 3=bitcoin #3 they may all be in for a rude awakening.

Alex M - clockwork21:27:55 - 12 Feb 2019 [UTC]

Cryptick1

I hear what you are saying, but when you are trying to talk to a 100 year old bank and you say the project is several years old, it also lends to less credability.

in crypto terms, bts is ancient

Alex M - clockwork21:28:31 - 12 Feb 2019 [UTC]

fwiw...i'm glad the fee thing got more people involved...and glad to see CB as a proxy

Alex M - clockwork21:28:37 - 12 Feb 2019 [UTC]

the more the merrier

Cryptick Cryptick21:32:17 - 12 Feb 2019 [UTC]

clockworkgr

in crypto terms, bts is ancient

I know. We are still word crafting because "Ancient" is not exactly the work you want to use when talking to a banker...

Alex M - clockwork22:00:02 - 12 Feb 2019 [UTC]

@favdesu consider new UI Worker (& beet) vote

George (Bitspark)22:21:25 - 12 Feb 2019 [UTC]

Bitshares is not what a bank wants. Never will be. Best to focus on different audience.

John R22:25:40 - 12 Feb 2019 [UTC]

George_Bitspark

Bitshares is not what a bank wants. Never will be. Best to focus on different audience.

Do you mean more than traders?

George (Bitspark)22:30:22 - 12 Feb 2019 [UTC]

John R

Do you mean more than traders?

Could be, personally payments companies, fx brokers would be top of my list. But you never know who may see value in BTS. However I can say that it certainly won’t be a bank

Ismail Ghoulad22:31:51 - 12 Feb 2019 [UTC]

How can earn free bitshares here ??

George (Bitspark)22:31:53 - 12 Feb 2019 [UTC]

Great initiative by @Cryptick1 tho for getting out there and doing it 👍

Ismail Ghoulad22:33:35 - 12 Feb 2019 [UTC]

Hello admin

Cryptick Cryptick22:37:08 - 12 Feb 2019 [UTC]

George_Bitspark

Could be, personally payments companies, fx brokers would be top of my list. But you never know who may see value in BTS. However I can say that it certainly won’t be a bank

Well I would have to disagree. It just depends if it does everything they need to to. And in some case, like this, they may only need a limited feature set.

Cryptick Cryptick22:38:19 - 12 Feb 2019 [UTC]

George_Bitspark

Bitshares is not what a bank wants. Never will be. Best to focus on different audience.

If BTS has the features a bank needs... They are all looking for soltuions.

George (Bitspark)22:39:14 - 12 Feb 2019 [UTC]

Banks want specific closed solutions they own, can host locally, and satisfy their 300 question aml kyc questionnaire. I’ve literally filled out JP Morgan’s once for a product trial.

George (Bitspark)22:40:26 - 12 Feb 2019 [UTC]

Bitshares is way too open for a bank. About 100 reasons why. Bank wants company X to sell them a thing that they can use to do something related to a blockchain

John R22:40:32 - 12 Feb 2019 [UTC]

The issue that the recent fees debate show is that many many services can be done cheaper with regular IT. Even as scalable as BTS is, it is not free to write to the data structure. BTS provides a high degree of permanence and access to a very unique (and intelligent if I may say so) community. So I guess we are looking for service providers that want to access a global network of users and those users demand some degree of permanence and/or trust minimization in transactions. Gateway providers are a perfect example of that. But also gambling. Surely others.

John R22:42:40 - 12 Feb 2019 [UTC]

Most banks are nation-constrained at the retail level but certainly the idea of a bank-like services applies well to bitshares. I think the neanderthals are not the best source to ask about evolution.

Cryptick Cryptick22:43:47 - 12 Feb 2019 [UTC]

George_Bitspark

Bitshares is way too open for a bank. About 100 reasons why. Bank wants company X to sell them a thing that they can use to do something related to a blockchain

BitShares may be too open, but so are most of the rest of the Blockchain projects. As soon as bank starts selling bitcoin, every person out there who knows what a block explorer is is goign to be able to track what is happening.

John R22:44:33 - 12 Feb 2019 [UTC]

Cryptick1

Banks selling Bitcoin..

George (Bitspark)22:44:57 - 12 Feb 2019 [UTC]

Cryptick1

Banks don’t sell bitcoin. They purchase a product from another regulated financial institution like Coinbase and offer it through their service

John R22:45:01 - 12 Feb 2019 [UTC]

Square is the first public company to allow access to real bitcoin

John R22:47:16 - 12 Feb 2019 [UTC]

Some people try to point to how businesses in the 80s/90s were against the internet but all for intranets. Trying to make the analogy to bitcoin vs. blockchain. Maybe banks will sell bitcoin (in 10 years) like they gave up on the intranet idea.

Cryptick Cryptick22:52:53 - 12 Feb 2019 [UTC]

George_Bitspark

Banks don’t sell bitcoin. They purchase a product from another regulated financial institution like Coinbase and offer it through their service

Well this is probably true, it is easier for them to partner. But when thier high worth individuals start asking for it they would be foolish not to offer it up.

George (Bitspark)22:53:29 - 12 Feb 2019 [UTC]

Cryptick1

Well this is probably true, it is easier for them to partner. But when thier high worth individuals start asking for it they would be foolish not to offer it up.

Agreed

Jonathan Bahai22:53:38 - 12 Feb 2019 [UTC]

John R

I used this comparison today with someone :)

Cryptick Cryptick22:54:52 - 12 Feb 2019 [UTC]

John R

And the thing about that was it was all about percieved control of information. (that one could control the intranet, but not the internet) and all this KYC stuff is about control too...

Cryptick Cryptick22:56:48 - 12 Feb 2019 [UTC]

Still it is interesting to ponder. I mean. Suppose a major US bank wants to launch a tether competitor? Suppose it said, we have decided to be a first mover, we a small bank are going to rule this space, be have our fully complicant framework in place. It would be big news stuff like that could happen one day.

Cryptick Cryptick22:57:26 - 12 Feb 2019 [UTC]

Someday I actually expect USA, Russia and China will all be competeing for with blockchained crypto's for market dominance.

Cryptick Cryptick22:57:51 - 12 Feb 2019 [UTC]

With some sort of nationalized officially endorsed crypto.

John R23:06:35 - 12 Feb 2019 [UTC]

So I think 2020 and beyond is the era of the non-state actor. You don't need a state license to find and use bitcoin and bitshares. You don't need to ask permission to set a limit order on bts. While bitUSD was open you don't need to perform KYC to get a loan. As a community we can do a better job of defining what the most appealing use cases are and make sure those work.

John R23:08:47 - 12 Feb 2019 [UTC]

Is BTS a store of value? Is it a payment network? Is it a way to bootstrap tight digital communities?

Dary Owen23:38:04 - 12 Feb 2019 [UTC]

Kajetan Wieczorek00:04:56 - 13 Feb 2019 [UTC]

GameOFF Store - Gift Cards 30% OFF for Gaming services @GameOFFchannel

Kristin Low01:00:26 - 13 Feb 2019 [UTC]

John R

Absolutely agree.

Kristin Low01:01:25 - 13 Feb 2019 [UTC]

John R

Is BTS a store of value? Is it a payment network? Is it a way to bootstrap tight digital communities?

I think it can actually be all these things - the challenge with BitShares especially is that there is simply so much it *can* do.

Kristin Low01:02:00 - 13 Feb 2019 [UTC]

Maybe we could organise 2-3 "hackathons" around the world focused around one of the above, each?

John R01:16:06 - 13 Feb 2019 [UTC]

That's a pretty good idea @Kristin_Low - The beautiful thing is I'm sure there are many people here who see BTS primarily as one of those things and may naturally like to be involved in such an event.

Kristin Low01:17:07 - 13 Feb 2019 [UTC]

Totally - thinking more on it now, it wouldn't be that hard to get at least a bunch of designers together in HK around the topic of building post/trans-national businesses.

Kristin Low01:17:14 - 13 Feb 2019 [UTC]

And we introduce bitshares in that context.

Kristin Low01:17:42 - 13 Feb 2019 [UTC]

Kinda want to almost make a 'kit' of cards or something to explain core concepts, and then civilians can use it to solutionise their ideas with bitshares as a basis

John R01:18:00 - 13 Feb 2019 [UTC]

I think this week BTS made a great stride as far as governance. Stakeholders voiced criticism of the committee fee proposal (thankfully not too late for a change to be made). We may still be learning to walk before we run. But we're doing at least as good as the current US government - and they've had over 200 years experience!

John R01:18:20 - 13 Feb 2019 [UTC]

Kristin_Low

Totally - thinking more on it now, it wouldn't be that hard to get at least a bunch of designers together in HK around the topic of building post/trans-national businesses.

Are you in HK? Seems to be quite a few of you out there

Kristin Low01:18:42 - 13 Feb 2019 [UTC]

Yes, near 7 years now. Came for bitcoin :-)

John R01:32:19 - 13 Feb 2019 [UTC]

Kristin_Low

Yes, near 7 years now. Came for bitcoin :-)

Does bitcoin grow there?

Kristin Low01:34:05 - 13 Feb 2019 [UTC]

Ha, straight out of the ground! No, just a good place to push the changes necessaryin the world. Jurisdictional arbitrage, I call it. China is the 'boss battle' for all of this stuff, HK is the ideal staging ground for that. Plus makes it easier to do do work in emerging markets in Asia.

John R01:35:32 - 13 Feb 2019 [UTC]

Makes sense to me! It's a cliche to say the West is 20th century and East is 21st. But there must be something to it.

Kristin Low01:39:11 - 13 Feb 2019 [UTC]

Definitely. Difficult not to be bullish here. We have a real gem with bitshares, I believe - so many places have no infrastructure, and bitshares is perfectly suited as a platform to build monetary basics for people who are financially excluded.

John R01:41:52 - 13 Feb 2019 [UTC]

Kristin_Low

Completely agree.

Ammar Yousef02:33:32 - 13 Feb 2019 [UTC]

blockchained

witness must not be member of committee it is conflict of interest witnesses paid by the blockchain and can be easily manipulated by the proxies

And how would DEX as a concept works without dynamic authority and control! and how would you prevent someone from using different addresses to do so! Maybe inspector gadget can help :)

Dima BLCKCHND03:45:25 - 13 Feb 2019 [UTC]

AmmarYousef

And how would DEX as a concept works without dynamic authority and control! and how would you prevent someone from using different addresses to do so! Maybe inspector gadget can help :)

It is easier than you think

Digital Lucife®03:49:26 - 13 Feb 2019 [UTC]

blockchained

we need and must raise them

Yes! Thank you! 3rd party operator that understand minimum requirements for business operations understanding where is the main office/factory :)

Kuldeep Singh05:48:38 - 13 Feb 2019 [UTC]

https://youtu.be/bSy9EXZIAPE

Kuldeep Singh05:48:42 - 13 Feb 2019 [UTC]

https://youtu.be/bSy9EXZIAPE

fav05:49:59 - 13 Feb 2019 [UTC]

clockworkgr

@favdesu consider new UI Worker (& beet) vote

Yup will vote for it

Kuldeep Singh05:50:17 - 13 Feb 2019 [UTC]

https://youtu.be/bSy9EXZIAPE

BezosOfBitcoins05:51:31 - 13 Feb 2019 [UTC]

BezosOfBitcoins05:54:16 - 13 Feb 2019 [UTC]

coinrhobo06:08:10 - 13 Feb 2019 [UTC]

soon 2000 satsß

Natalia Loreto06:12:58 - 13 Feb 2019 [UTC]

Hello, can someone help me? I just made a mistake when making a transfer from bitshares. I put the account wrong.

Stefan06:46:44 - 13 Feb 2019 [UTC]

natyloreto

Hello, can someone help me? I just made a mistake when making a transfer from bitshares. I put the account wrong.

@btswallethelp

fav06:55:25 - 13 Feb 2019 [UTC]

coinrhobo

soon 2000 sats?

Soon ban?

Natalia Loreto06:55:41 - 13 Feb 2019 [UTC]

Thanks

Digital Lucife®07:02:45 - 13 Feb 2019 [UTC]

coinrhobo

soon 2000 sats?

God Bless you and your golden words! :D

funkit07:40:45 - 13 Feb 2019 [UTC]

coinrhobo

soon 2000 sats?

.soon

Channel_Bot07:47:26 - 13 Feb 2019 [UTC]

❤️领福利啦.人人有份,领了变现赚2万 [❤️](https://t.me/dadkd331/2)

Gabriel08:26:07 - 13 Feb 2019 [UTC]

cmmob

You should pitch that it's 3rd in blockchain activity ranking, rather than 44th in marketcap, aught to catch them off guard that their other investment is going unused by comparison.

👍

Gabriel08:30:45 - 13 Feb 2019 [UTC]

Kristin_Low

I've got an acquaintance here in Vancouver whos a partner in a major investment bank and vey active on the fx market ....last year he asked me help him tments ....we still gotta find time to meet ...lol

Gabriel08:35:41 - 13 Feb 2019 [UTC]

@Cryptick1 experienced with his pitch to the bank will help me , I hope, fine tune the pitxh to this investment broker as they ae rippe for business

nutela08:51:02 - 13 Feb 2019 [UTC]

Cryptick1

Wow, sounds like there was lots of fee discussion recently. Just for the record. I support higher fees. https://steemit.com/bts/@cryptick/why-bitshares-need-sustainable-pricing

I have read that then, good stuff.

nutela08:51:05 - 13 Feb 2019 [UTC]

Cryptick1

So how do you try to give a project instant credability?

Mention it's the older brother to EOS, tried and tested.

nutela09:00:55 - 13 Feb 2019 [UTC]

Local BitShares __cough__

nutela09:03:24 - 13 Feb 2019 [UTC]

Something like Bitspark but unregulated. I think the two should coexist. Only citizens are regulated, people not. Governments are using artificial legal constructs. It sounds silly but they don't apply to humans.

nutela09:04:41 - 13 Feb 2019 [UTC]

Trick is to not have one monopoly as a government but many service providers. With contracts.

nutela09:04:41 - 13 Feb 2019 [UTC]

And cooperations between inhabitants wanting to have cheaper service by buying bulk.

Machine Learning09:09:09 - 13 Feb 2019 [UTC]

Machine Learning09:09:12 - 13 Feb 2019 [UTC]

fav09:10:48 - 13 Feb 2019 [UTC]

Need a p2p market in the wallet

Machine Learning09:11:37 - 13 Feb 2019 [UTC]

Dmitry Mantis09:11:51 - 13 Feb 2019 [UTC]

You can contact mrkt.cash guys for that. They run BTS p2p cash service in Russia for more than a year

Dmitry Mantis09:12:46 - 13 Feb 2019 [UTC]

Maybe they will be interested in cooperation with glibal community

מX

מ0ר Xanoxt de Canzaparca09:13:15 - 13 Feb 2019 [UTC]

Yup, what I like about Russian community is that if you sound an idea long enough, someone will implement it

מX

מ0ר Xanoxt de Canzaparca09:14:17 - 13 Feb 2019 [UTC]

Another thing: https://bitsharestalk.org/index.php?topic=27791.0 You can vote for xanoxt-committee if you like

Alex M - clockwork09:19:48 - 13 Feb 2019 [UTC]

favdesu

Need a p2p market in the wallet

well...barter feature is there

Stefan09:20:22 - 13 Feb 2019 [UTC]

clockworkgr

well...barter feature is there

*staged

Alex M - clockwork09:20:44 - 13 Feb 2019 [UTC]

but we'd need a way to store supply/demand offers

Alex M - clockwork09:20:56 - 13 Feb 2019 [UTC]

custom ops wont do it because they cant be deleted

Alex M - clockwork09:21:25 - 13 Feb 2019 [UTC]

and I think using a centralised DB defeats the purpose of teh DEX

Alex M - clockwork09:21:54 - 13 Feb 2019 [UTC]

but someone could run it as a separate for-profit service

Alex M - clockwork09:22:01 - 13 Feb 2019 [UTC]

especially with Beet

Stefan09:22:02 - 13 Feb 2019 [UTC]

tbh I'm getting more and more towards using some centralized servies becuase it makes our live so much fucking easier xD

Alex M - clockwork09:22:20 - 13 Feb 2019 [UTC]

you see someone's offer

Stefan09:22:36 - 13 Feb 2019 [UTC]

e.g. a geolocated nodes list fetcher as centralized (optional) service

Alex M - clockwork09:22:36 - 13 Feb 2019 [UTC]

use beet to form a barter tx that includes a small payment to teh service provider

Alex M - clockwork09:22:45 - 13 Feb 2019 [UTC]

done :)

Stefan09:22:48 - 13 Feb 2019 [UTC]

trollbox in exchange with a centralized database

Stefan09:23:16 - 13 Feb 2019 [UTC]

Anything centralized must be optional of course

Cryptick Cryptick09:41:59 - 13 Feb 2019 [UTC]

i think there could be some real value in Geoloaction of services. We know how uber brings people together. Ultimately, if one adds a GPS coordinates to the data, then it is a matter or matching up users via geographic area and who is closest to the user. (this is how google maps works.) So it could be an easy way to bridge the gap in connecting people. I would also agree this would probably work best as a seperate app/service/blockchain. I know local bitcoins does exisit. And I think the biggest problem would be getting enough people to use the service. If there are those really interesting in pursueing such and attempt, we should talk.

fav09:42:55 - 13 Feb 2019 [UTC]

Whag about ipfs as storage for p2p orders?

Dima BLCKCHND09:44:39 - 13 Feb 2019 [UTC]

Who will pay for storage?

Stefan09:46:27 - 13 Feb 2019 [UTC]

Start out with free services, migrate as you go and grow

Cryptick Cryptick09:48:58 - 13 Feb 2019 [UTC]

One could store orders on IPFS, One could store orders on the blockchain. Ultimately. One just needs a place. (the blockchain) and a whole pile of data. Then you sort that data for what is relavent for your use (is it close to you). Technically, there is a solution there. And if one really wants to keep it decentralized you can pull from more than one data source. (this makes it more complicated though). I think the bigger problem is will people use it?

Cryptick Cryptick09:49:06 - 13 Feb 2019 [UTC]

We can build it, but will they come?

Dima BLCKCHND09:50:26 - 13 Feb 2019 [UTC]

sschiessl

Start out with free services, migrate as you go and grow

Ipfs great idea, but still quite hard scale to thousands daily operations

Stefan09:51:09 - 13 Feb 2019 [UTC]

blockchained

Ipfs great idea, but still quite hard scale to thousands daily operations

We have the blockchain for that. Offloading makes only sense for something like the trollbox, p2p barter overview and others

Dima BLCKCHND09:53:11 - 13 Feb 2019 [UTC]

As I understand somebody needs to pay for this, and my question is how do you see this process

Stefan09:57:00 - 13 Feb 2019 [UTC]

sschiessl

Start out with free services, migrate as you go and grow

This. If it gets adopted and is used we can spend more brains into financing it. At the ultimate end there is only one way to fund stuff through community

Dennis White10:53:03 - 13 Feb 2019 [UTC]

Hi! Can anyone tell the email address of Bitshares support team? Got some issues with the wallet

Alexey "Безликий" Petrov10:54:32 - 13 Feb 2019 [UTC]

dankinescop

Hi! Can anyone tell the email address of Bitshares support team? Got some issues with the wallet

https://github.com/bitshares Use "Issue"

Dennis White10:56:23 - 13 Feb 2019 [UTC]

Many thanks. Just in case - did anyone have an issue with logging in "null" account instead of theirs?

Alex M - clockwork10:58:53 - 13 Feb 2019 [UTC]

@btswallethelp

Dennis White10:59:29 - 13 Feb 2019 [UTC]

clockworkgr

@btswallethelp

🙏 thx

🌚

🌚11:39:26 - 13 Feb 2019 [UTC]

Hello

🌚

🌚11:39:37 - 13 Feb 2019 [UTC]

Thecryptor11:43:40 - 13 Feb 2019 [UTC]

Hi, does anybody know how to save all drawing tools on charts in Bitshares Windows program? Every time I reopen it they are all gone.

R11:51:49 - 13 Feb 2019 [UTC]

Thecryptor

Hi, does anybody know how to save all drawing tools on charts in Bitshares Windows program? Every time I reopen it they are all gone.

Anything in the menus from clicking buttons within the chart or from right clicking?

🌚

🌚11:54:48 - 13 Feb 2019 [UTC]

hello everyone! I am doing a research on Bitshares, and I am having a tough time figuring out the economics of the platform. I’ve read tons of documentation and still do not understand: 1. What was the genesis emission of BTS? 2. What is the website of the Committee that appoints the amount of witness rewards? 3. What is the current amount of the witness rewards? 4. How many times the reward has changed since the mainnet launch? 5. Is the max supply 3.7 or 3.6 billion BTS? 6. If the inflation is 0% and Reserve Pool slowly depletes how witnesses will be remunerated after it is gone?

Stefan11:57:19 - 13 Feb 2019 [UTC]

cronicus

hello everyone! I am doing a research on Bitshares, and I am having a tough time figuring out the economics of the platform. I’ve read tons of documentation and still do not understand: 1. What was the genesis emission of BTS? 2. What is the website of the Committee that appoints the amount of witness rewards? 3. What is the current amount of witness rewards? 4. How many times the reward has changed since the mainnet launch? 5. Is the max supply 3.7 or 3.6 billion BTS? 6. If the inflation is 0% and Reserve Pool slowly depletes how witnesses will be remunerated after it is gone?

1. Transition from BitShares 1 to BitShares 2 2. The committee is a group of bitshares users that are voted in that position by all BTS holders. The committee defines the block producer reward 3. 1 BTS iirc 4. Not often, don't know tbh 5. 3,600,570,502.10207 BTS 6. There is a reserve pool, max - current supply, currently 909670246.494 BTS

Alex M - clockwork11:58:06 - 13 Feb 2019 [UTC]

2. There is https://committee.bitshares.works/ but I havent had tiem to update it. Forums are generally used for communication with the committee.

Alex M - clockwork11:58:12 - 13 Feb 2019 [UTC]

3. 1 BTS indeed

R11:58:16 - 13 Feb 2019 [UTC]

Reserve pool is topped up continuously via fee collection.

Alex M - clockwork11:58:20 - 13 Feb 2019 [UTC]

4. Very few times

Stefan11:58:32 - 13 Feb 2019 [UTC]

cronicus

hello everyone! I am doing a research on Bitshares, and I am having a tough time figuring out the economics of the platform. I’ve read tons of documentation and still do not understand: 1. What was the genesis emission of BTS? 2. What is the website of the Committee that appoints the amount of witness rewards? 3. What is the current amount of witness rewards? 4. How many times the reward has changed since the mainnet launch? 5. Is the max supply 3.7 or 3.6 billion BTS? 6. If the inflation is 0% and Reserve Pool slowly depletes how witnesses will be remunerated after it is gone?

I assume you read the whitepaper?

Alex M - clockwork11:58:41 - 13 Feb 2019 [UTC]

6. Fees fund the reseve pool

🌚

🌚11:59:30 - 13 Feb 2019 [UTC]

sschiessl

I assume you read the whitepaper?

Yes, I did) but I was looking for concrete figures. Plus the WP was removed from the website so I had to look for archives

Stefan11:59:53 - 13 Feb 2019 [UTC]

https://bitshares.org/

Alex M - clockwork11:59:58 - 13 Feb 2019 [UTC]

cronicus

Yes, I did) but I was looking for concrete figures. Plus the WP was removed from the website so I had to look for archives

https://www.bitshares.foundation/articles/2018-06-01-bitshareswhitepaper

Alex M - clockwork12:00:35 - 13 Feb 2019 [UTC]

ah there we go

Alex M - clockwork12:00:43 - 13 Feb 2019 [UTC]

1. 2,412,042,197.37963

Alex M - clockwork12:00:53 - 13 Feb 2019 [UTC]

Genesis emission

🌚

🌚12:00:55 - 13 Feb 2019 [UTC]

clockworkgr

https://www.bitshares.foundation/articles/2018-06-01-bitshareswhitepaper

I read it. Not a single word about genesis emission(

🌚

🌚12:01:00 - 13 Feb 2019 [UTC]

clockworkgr

1. 2,412,042,197.37963

Thanks!

Alex M - clockwork12:01:14 - 13 Feb 2019 [UTC]

leaving just under 1.2b in the reserve pool

🌚

🌚12:01:30 - 13 Feb 2019 [UTC]

My bad

🌚

🌚12:01:34 - 13 Feb 2019 [UTC]

There is

Alex M - clockwork12:01:37 - 13 Feb 2019 [UTC]

we've gone through approx ~17% of it

🌚

🌚12:01:57 - 13 Feb 2019 [UTC]

clockworkgr

we've gone through approx ~17% of it

In 4 years. Right?

Alex M - clockwork12:03:14 - 13 Feb 2019 [UTC]

3.5

Alex M - clockwork12:03:30 - 13 Feb 2019 [UTC]

block reward has changed 3-4 tiems max i think

Alex M - clockwork12:04:34 - 13 Feb 2019 [UTC]

it's also hard to change because it has a higehr priority than workers

Stefan12:04:39 - 13 Feb 2019 [UTC]

What motivates you to those questions? Depending on that I could direct you to respective write ups that may contain what you are looking for

🌚

🌚12:04:47 - 13 Feb 2019 [UTC]

clockworkgr

3.5

So, if the current pace of reserve usage proceeds the fund will run out of BTS in 20 years

Alex M - clockwork12:04:57 - 13 Feb 2019 [UTC]

cronicus

So, if the current pace of reserve usage proceeds the fund will run out of BTS in 20 years

not really

🌚

🌚12:05:07 - 13 Feb 2019 [UTC]

sschiessl

What motivates you to those questions? Depending on that I could direct you to respective write ups that may contain what you are looking for

I’m trying to evaluate PoS market

Alex M - clockwork12:05:08 - 13 Feb 2019 [UTC]

cant compare activity in 2015 to now

🌚

🌚12:05:19 - 13 Feb 2019 [UTC]

clockworkgr

cant compare activity in 2015 to now

Makes sense

Stefan12:05:49 - 13 Feb 2019 [UTC]

cronicus

I’m trying to evaluate PoS market

BitShares is DPoS though, little but significant difference

R12:07:13 - 13 Feb 2019 [UTC]

clockworkgr

cant compare activity in 2015 to now

Well activity has grown significantly since then, so the comparison would be a large growth in activity since launch

🌚

🌚12:07:22 - 13 Feb 2019 [UTC]

sschiessl

BitShares is DPoS though, little but significant difference

Ok, PoS and PoS-like cryptocurrencies (LPoS, DPoS, ZPoS, PoSV, SCP)

Alex M - clockwork12:07:24 - 13 Feb 2019 [UTC]

e.g. more fees

Alex M - clockwork12:07:44 - 13 Feb 2019 [UTC]

so slower emptying of the reserve

Alex M - clockwork12:07:49 - 13 Feb 2019 [UTC]

so longer lifetime

Alex M - clockwork12:09:10 - 13 Feb 2019 [UTC]

then again we are spending more than we used to

Fabian Schuh12:09:25 - 13 Feb 2019 [UTC]

plus bear market

Alex M - clockwork12:09:27 - 13 Feb 2019 [UTC]

and the varying daily budget makes it very hard to calculate

Alex M - clockwork12:09:54 - 13 Feb 2019 [UTC]

varying per second budget actually :P

Bitshares DEX Telegram History

Wednesday 13 February 2019

1550059867

Search

Popular

All Entries