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Tuck Fheman

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bitChairs Asset v1.0
« on: May 05, 2015, 10:17:21 PM »



We're thinking about creating a new asset called bitChairs using this price feed.

It's not a perfect design, we know, so get to adding your suggestions below to make bitChairs the #1 asset on teh blockchain!

Be sure to include lots of technical jargon and words coders use in public to appear more human-like.

DETAILS

Core Dev: "crumbs" - Crumbs learned everything he knows from reading post from toast.
Core Dev/Founder: "bitmaster" - Bitmaster claims he only knows about 1/8th of what bytemaster knows, but you can only trust what bitmaster says half the time.

OUTLOOK

m00n


Remember, 1 bitChairs = 1 virtual place to sit ... always!



Tuck Fheman

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Re: bitChairs Asset v1.0
« Reply #1 on: May 05, 2015, 10:18:13 PM »
Reserved for future updates

Offline Riverhead

Re: bitChairs Asset v1.0
« Reply #2 on: May 05, 2015, 11:49:56 PM »

Looks like a comfy place to peg your asset.

If you want to short bitChair you need to collateralize with bitStool.

Ten bitChairs is pegged to 1 bitLadder where as 2 bitStools are needed for a bitChair.

A short bitStool position can be covered with bitChair however if your collateral ratio gets too high you're going to need a bitLadder or risk having to sit on the floor.
« Last Edit: May 05, 2015, 11:51:44 PM by Riverhead »

Tuck Fheman

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Re: bitChairs Asset v1.0
« Reply #3 on: May 05, 2015, 11:56:50 PM »
A short bitStool position can be covered with bitChair however if your collateral ratio gets too high you're going to need a bitLadder or risk having to sit on the floor.

Are we nailing bitChairs down to a pegged floor and letting the ceiling go as high as it wants?

Offline donkeypong

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Re: bitChairs Asset v1.0
« Reply #4 on: May 06, 2015, 12:07:55 AM »


Offline cass

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Re: bitChairs Asset v1.0
« Reply #5 on: May 06, 2015, 12:14:51 AM »

Looks like a comfy place to peg your asset.

If you want to short bitChair you need to collateralize with bitStool.

Ten bitChairs is pegged to 1 bitLadder where as 2 bitStools are needed for a bitChair.

A short bitStool position can be covered with bitChair however if your collateral ratio gets too high you're going to need a bitLadder or risk having to sit on the floor.

ROFL  +5%
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

zerosum

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Re: bitChairs Asset v1.0
« Reply #6 on: May 06, 2015, 12:20:02 AM »
LOL - all of you guys...  +5%

Very well timed Tuck Fheman - "Nailing bitChairs down to a pegged floor and letting the ceiling go as high as it wants?"


BTW OP do you guys mind being the feed provider of my private (NDA-ed for now) chair related bigAssat?
« Last Edit: May 06, 2015, 12:29:48 AM by tonyk2 »

 

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