RE: Bitshares - State of the Network - 29th August 2017

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RE: Bitshares - State of the Network - 29th August 2017

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cm-steem (67)in #bitshares • 7 years ago (edited)

@cm-steem has drafted 2 new BSIPs

BSIP-0023 Titled: Sharedropping an UIA against an external cryptocurrency distribution snapshot

BSIP-0024 Titled: Locking Bitshares away as 'Bitshares Influence' for voting privileges on the BTS DEX

@cm-steem has written a number of the previously published BSIP's and these two as with the previous ones are well written proposals with a huge amount of detail on there subject matter.

Thanks for the shout out :)

Any requests for future BSIPs?

7 years ago in #bitshares by cm-steem (67)

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steempower (73) 7 years ago

No worries man, you do a really incredible job on these BSIPs. Greatly appreciate your hard work!

I love the idea you mentioned in telegram regarding Sidechain.... not an easy task by any stretch of the imagination.

Also maybe something in relation to using smartcoin in prediction markets allowing for stability of the bet; not sure how this could works as it would mean smartcoins as collateral. I think prediction markets are one of our most under utilized features. I think there is a great opportunity for an entrepreneur to really make a good business out of this (with or without smartcoin - just need to make it easy for people to understand and use).

$1.32

5 votes

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cm-steem (67) 7 years ago

I love the idea you mentioned in telegram regarding Sidechain.... not an easy task by any stretch of the imagination.

I began working on the skeleton for the sidechain BSIP after completing the 24th (was on a roll, haha), it looks like an user on github has produced some very relevant material to work from. I'm unsure if this user has continued to work on this idea since posting the issue though.

Also maybe something in relation to using smartcoin in prediction markets allowing for stability of the bet; not sure how this could works as it would mean smartcoins as collateral.

You can bet with any asset, as long as someone else has borrowed it with BTS, however you should totally be able to use smartcoins as collateral for borrowing any asset, it'd be far safer than borrowing using BTS (since you'd need to account for BTS price fluctuation instead of USD).

I think prediction markets are one of our most under utilized features. I think there is a great opportunity for an entrepreneur to really make a good business out of this (with or without smartcoin - just need to make it easy for people to understand and use).

Perhaps because the functionality is so hidden away within the BTS client? You have to click 'Settings cog -> Explore -> Assets -> Prediction Market Assets -> Search for prediction market asset -> Navigate to prediction_market_asset:BTS (or alternative asset) trading page.

It could perhaps be one of the main tabs 'predictions' with all the latest prediction markets you can gamble against, with advanced sorting functionality. It looks like several prediction market assets are very old (trigger date has passed).

$0.00

1 vote

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eosfan (49) 7 years ago (edited)

that trustless bitcoin gateway discussion on gateway is very promising, looking forward to that BSIP someone is writing. important step to future sidechains.

What do you think about trustless gateway to steem chain as well to test bts compatibility and methods for future with EOS and make trading steem on the dex more secure.

What do you think about my proposal here that would work for any coins? https://bitsharestalk.org/index.php/topic,24890.0.html

Also, what do you think of user generated trusted gateways to add to the dex searchable by coin and sorted by reputation with transparency requirements and tools to build them easier - make it easier for coin developers or businesses to offer gateways for the coins of their choice.

What do you think about on chain communication platform or forum for announcements and conversations that doesn't require links to hard to find third party platforms for witnesses, proposals, and so on, possibly replacing old trollbox as one of the additions.

What do you think about developing graphene atomic swaps standards (or even "subatomic" lightning network state channels) compatible with btc-like chains that work to make it easier to trade smartcoins & BTS in trustless manner with other blockchains for on ramp. This could then be used as instructions for supernet/blocknet to connect with bts chain assets on their shapeshift-like bridge services they specialize in as on ramp to high frequency on-chain margin trading on the bts dex not possible anywhere else.

$1.20

1 vote

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