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How the Settlement price work

Started by Zapply, November 10, 2015, 12:09:00 PM

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svk

Quote from: xeroc on November 23, 2015, 08:46:01 AM
Quote from: JonnyBitcoin on November 23, 2015, 04:53:42 AM
how can you force settle MPA and get the bts equivalent out of them?
Currently not available in the official GUI branch ... but afaik the devs have it working already and are currently testing ..

No it's not available yet and I haven't started development on it either. Too little time, too many things to add...
Worker: dev.bitsharesblocks

xeroc

Quote from: JonnyBitcoin on November 23, 2015, 04:53:42 AM
how can you force settle MPA and get the bts equivalent out of them?
Currently not available in the official GUI branch ... but afaik the devs have it working already and are currently testing ..

JonnyB

how can you force settle MPA and get the bts equivalent out of them?
I run the @bitshares twitter handle
[url="//twitter.com/bitshares"]twitter.com/bitshares[/url]

Xeldal

Quote from: Zapply on November 10, 2015, 12:09:00 PM
Hi to all committee members

can someone please explain how the blockchain determine the Settlement price


Every witness is responsible for providing a price feed to the blockchain for these assets.  The Settlement price is the Mean of all submitted price feeds.   

A witness will gather the market prices from as many different sources as possible weighted by volume, trust,  or some other qualifier, and submit this price as often as necessary.  Every witness's process for gathering the price is a little different so it should be fairly robust. Since there are many decentralized witnesses, the settlement price should be reliable, accurate, and free from manipulation.

Zapply

Hi to all committee members

can someone please explain how the blockchain determine the Settlement price