Author Topic: Please Provide bitOIL Feeds!  (Read 8456 times)

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Offline teenagecheese

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The feed type is significant:

for example - can be a wide difference between:

http://en.wikipedia.org/wiki/West_Texas_Intermediate
http://en.wikipedia.org/wiki/Brent_Crude

Thanks for the info. If that is the case, that is fine. Maybe they will need to take an average and provide that. Whatever will work is up to them to decide, I just want them to do it.

Offline pgbit

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Offline teenagecheese

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@teenagecheese can you be more specific about the type of bitOIL you want to buy?
To what price exactly you want it to be pegged ?

I don't know the specifics, that is what I am asking for a delegate to do, figure out what feeds would be good and provide them. The two that exist are said to be "daily feeds," that sounds to be good enough to start. Obviously I would prefer the most accurate and frequent possible. The better service the feed providing delegates can provide, the better it will be.

Edit: if the delegates need more money to pay for a feed, sobeit, let them provide it and ask for higher pay to finance it.

I just want to be able to use the bitshares market to invest in oil at todays low prices (~$50/barrel). However that materializes, I don't care.

Offline pgbit

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https://www.quandl.com/c/markets/crude-oil

Platinum and palladium prices too:
(spreadsheet cell)
=importHTML("http://www.apmex.com/","table",1)

Offline emski

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@teenagecheese can you be more specific about the type of bitOIL you want to buy?
To what price exactly you want it to be pegged ?

Offline teenagecheese

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Yea even if it's just daily feeds I guess that would be o.k., but right now we only have two. What a joke. Hopefully the voting system advances more and lame delegates that don't even post simple feeds that are available get voted out.

This stuff will work better/happen naturally when there is more competition for delegates, but right now they need to be pushed by the core team to do things I think. We can't just rely on natural motivation when we are trying to get adoption. We need to FORCE utility.

Offline Rune

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I think the daily feeds are good enough for now. Delegates should update their scripts to include the daily oil feed ASAP so we can start to see a trickle of oil liquidity on the DEX.

Cryptohedge will be working to figure out the best way to get continous oil feeds from CFD and futures platforms... Once we have gold and silver up and running. Then we'll make sure gold, silver, and oil can be traded at low spreads on every bitcoin exchange.

Offline teenagecheese

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I really really really want to buy bitOIL. Can some delegates step up and figure out how to do this. Do it and you will get yourself higher pay. That is how this works, show value and get paid for it.

This is the problem, it is the rare person that is self motivated enough to figure this out and do it on his own drive without anyone telling them to do it. But you don't have to have that person to make this work. Instead, we NEED someone managing to actively try to get things like bitOIL implemented. Come up with the idea, put up a bounty, and recruit to get a delegate to do it. Otherwise, stuff just keeps on not happening.

And COME ON bitOIL is such easy and obvious low hanging fruit to increase adoption. Do you realize how popular oil is right now to trade? Do you realize how hard it is and how much money it takes to trade it on the real market? A lot! Get a good market for this and advertise it to crypto traders and they will jump all over it. DO IT!

This is just one example of the several things that could easily happen, but are not. We need some management and recruiting here. I'm not saying bytemaster is not doing good at what he is doing, instead, that we need an additional person to do these things.