Topic: [BTS] Bitshares #1 Fastest Crypto, Tokens, DEX, ICOs since 2014 (unofficial ಠ_ಠ) - page 70. (Read 125532 times)

BSIP Abstracts
BSIP 19
The introduction of 'profit sharing / dividends' for [BTS|MPA] on the Bitshares DEX via the redistribution of fees.

BSIP 20
The introduction of 'profit sharing / dividends' for User Issed Assets (UIA) on the Bitshares DEX

BSIP 21
Introducing the ability to query the 'Coin-Age' of assets held by individuals upon the BTS DEX.

BSIP 22
This BSIP proposes to introduce an expiration on votes cast within the Bitshares network so as to encourage an active voting population and campaigning by those who desire being voted into power.

Hi, I just exchanged my USDT to BitUSD on Bitshares DEX. I wanted to know what would happen in Bitshares Dex if by chance there's a fork on Aug 1st?

BitUSD is still worth $1 USD (this should not be a surprise to anyone)

@michaelx has released an article on huffington post titled "Please don't change Bitcoin, you'll break it!". The article relates to Bitcoin, BitShares and the Hero and the niches that each technology addresses.

@kencode has released his weekly update for Smartcoins Wallet, BlockPay, Ledger Nano S, Stealth and BitShares Munich IVS. This weeks update sees 2 new developers enter the team focused on the Ledger Nano S integration and Stealth! There is also updates for Blockpay and a new release of the Smartcoins Wallet. You can see his update HERE. This week has also seen the release of BlockPay "S" v1.5.13 which can be found HERE

Ronny Boesing (CEO of OpenLedger) will be on the main Stage at the State of Digital Money 2017 Conference, Los Angeles, CA, July 22 2017 (Openledger 25% off Discount Code HERE). Also on July 30-31 Aviva Õunap, CMO of OpenLedger ApS on the Main Stage at Finwise 2017 Global Blockchain Summit in Shanghai, China, presenting the OpenLedger ecosystem and upcoming ITOs, including GetGame, eDEV.one. OCASH and APPTRADE

Ronny Boesing (CEO of OpenLedger) has announced upcoming sharedrops on OBITS holders for 5% of the following projects OCASH, eDEV, GetGame and Apptrade. There was also a mention of a QORA sharedrop in the next few days (given the posting date of this article this looks to be another QORA sharedrop in addition to the one conducted 1 week ago). Check out his full announcements HERE

OBITS voting is happening again. If you are an OBITS holders your personal username and password sent in the memo of a 1 BTS transaction from 'obits-voting'. Check your wallet for the TX and see the memo for your credentials.

@fav has created a unified graphene discord server. To join this channel and keep up with the news on all Graphene chains please follow this link

Current registered wallets/accounts within the Bitshares network is 372773; an increase of 11467 wallets/accounts since last week

[00:32:55] bytemaster: I will try to say this cleanly. Vitalik saying they could theoretically do 115,000 TPS is a theoretical assumption based upon implementing complex algorithms for dividing up the transaction work-load among multiple nodes, so that not all nodes have to process all transactions. All of his whitepapers on the subject involve dividing up the work among multiple nodes. What we have done with our numbers are the amount that can be processed by a single node and not theoretically, the numbers we published are actual benchmark results based on average computers today. not only that the published number of 100,000 transactions per second is scaled down from our actual benchmark result of 180,000 transactions per second, which itself was based upon average hardware and not high end hardware. So with high end hardware we could easily do over 200,000 TPS and that’s before we have done any optimizations whatsoever to the performance. Most optimizations can easily double or triple the throughput once we eliminate the bottlenecks we have left by better memory management and allocation strategies. There are a lots of little things we could do to improve performance above and beyond that. So I would say that if you’re going to compare apples to apples you would have to compare theoretically how much can each of our systems do in a single thread.
[00:35:15] bytemaster: So in a single thread I believe we can get to 500,000 transactions per second, maybe 1 million transactions per second, once we have all of the optimizations in place, leaving network bandwidth to be the primary motivator for not scaling that high. That’s on a single thread.

OBITS Holders: VOTE! How To
https://steemit.com/obits/@ash/obits-holders-vote-how-to

It's somewhat confusing where responsibilities begin and end. For example, when clicking on the "Documentation" link on bitshares.org, you're redirected to bitshares.eu  bitshares.foundation doesn't help clear matters up.

This series helps, but still leaves some questions unanswered:  http://docs.bitshares.org/bitshares/history.html

This one helps out a bit more:  http://docs.bitshares.org/bitshares/whatis.html

Are there different people responsible for, and working on bitshares.org, bitshares.eu and bitshares.foundation?

Is there an organigrama anywhere?

It's somewhat confusing where responsibilities begin and end. For example, when clicking on the "Documentation" link on bitshares.org, you're redirected to bitshares.eu  bitshares.foundation doesn't help clear matters up.

This series helps, but still leaves some questions unanswered:  http://docs.bitshares.org/bitshares/history.html

This one helps out a bit more:  http://docs.bitshares.org/bitshares/whatis.html

Are there different people responsible for, and working on bitshares.org, bitshares.eu and bitshares.foundation?

Is there an organigrama anywhere?

bitshares is the blockchain

bitshares.org and openledger.io and bitshares.eu and freedomledger.com and btsabc.org and rudex.org are all hosting slightly varying user interfaces for web clients to interact with same bitshares blockchain and order books

additionally openledger blocktrades transwiser and bitkapital offer bridges and gatways for interacting with external blockchains

for example, openledger gateway is responsible for exchanging open.BTC, open.DASH, and more open.* assets with their equivalent on those respective blockchains

additionally the guys at openledger do a lot of reach out to other projects to grow use of bitshares ecosystem https://openledger.info/ and offer stake in their portfolio of companies via https://obits.io/

bitshares.eu, openledger and bitshares.org are also completely separate teams

Q: so simple case for someone new, they buy 1 bitUSD from dex, and immidately hit settle, does bts they get come from smart contract collateral or is it selling that bitUSD on the market for new bts?

Permie: If you hit "settle" the DEX forcibly sells some of the collateral of the LEAST COLLATERALISED SHORT POSITION of bitUSD, until the value of the "settlement" is recouped (in this case $1bit)

So 1 other thing to look out for when you're shorting is not only the 175% minimum collateral ratio, you also DONT want to be the least collateralised

If you call for settlement on your $1bit, somebody else's short position collateral gets taken to pay you $1 worth of bts. I think you also pay a 1% fee

So you would receive 99c worth of bts

Q: does $1 worth of bts value come from the witness feed or market price?

Permie: Price feed. The price feed is there for that sole purpose: To keep traders "honest." If they trade too far from the fair market value, holders of bitUSD can call for settlement and the traders will be forced to pay the fair price. But it takes 24hours

Q: what happens to 1 bitUSD i had? where does it go? destroyed?

Permie: yes, I think so

Permie: You either short/borrow bitUSD in order to buy more bts (leverage)

OR

You short(borrow)bitUSD in order to spend money now (go on holiday, buy yourself some physical gold coins ... etc )
You borrow from the future value of your bts.

Let's say you're a big bts bull and you think your bts will be worth $100k one day, you can spend some of this money NOW buy borrowing bitUSD.
You only actually "pay" when you settle the debt.
Ideally you settle this debt when your shares are worth a lot more (I.e you have to sell far fewer of your shares in the future than you would if you sold them today)
 The bitUSD you borrow is yours forever.
The blockchain won't take it from you
 What you do with it is up to you
 Shorting/borrowing bitUSD is also useful because you get money NOW.
If bts collapses and goes to zero, at least you already withdrew some cash (but without having to sell your shares)

If bts goes to the moon then you only have to sell a teeny tiny amount of them in  he future, instead of lots of shares now