Author Topic: Autobriding == Automatic bond market  (Read 1201 times)

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Offline speedy

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Autobriding == Automatic bond market
« on: September 25, 2016, 06:29:10 pm »
One of the requested features is the bond market, which means that not only can you short BitAssets against the collateral (BTS), but you could also short BitGold against BitUSD, which is more intuitive than shorting gold against some volatile crypto token.

Idea: if we had liquidity on the cross markets via autobridging, then you could short BitGold into existence and immediately sell it for BitUSD. You would then still be short on Gold , but long on USD instead of long on BTS.

If autobridging were implemented you would get the "bond market" for free. Good idea?

Offline valtr

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Re: Autobriding == Automatic bond market
« Reply #1 on: September 26, 2016, 05:10:24 pm »
Shorting Gold against USD is the way normal exchange works.
It could bring more attention to BitShares, but trading is higly dependent on volume and it is still big problem here.
IMO such a feature would help much.

Offline fuzzy

Re: Autobriding == Automatic bond market
« Reply #2 on: October 07, 2016, 01:19:30 pm »
One of the requested features is the bond market, which means that not only can you short BitAssets against the collateral (BTS), but you could also short BitGold against BitUSD, which is more intuitive than shorting gold against some volatile crypto token.

Idea: if we had liquidity on the cross markets via autobridging, then you could short BitGold into existence and immediately sell it for BitUSD. You would then still be short on Gold , but long on USD instead of long on BTS.

If autobridging were implemented you would get the "bond market" for free. Good idea?

We have talked about this more than once.  I love the idea, but am uncertain who would add this functionality.
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Offline pc

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Re: Autobriding == Automatic bond market
« Reply #3 on: October 07, 2016, 02:45:05 pm »
you could also short BitGold against BitUSD,

Does anyone know what's missing for this? I've just gone through part of the codebase with respect to this discussion, and AFAICS the MPA code is largely ignorant about the backing asset.

Has anyone tried to create USD-backed GOLD on the test net for example?
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Re: Autobriding == Automatic bond market
« Reply #4 on: October 07, 2016, 03:39:47 pm »
you could also short BitGold against BitUSD,

Does anyone know what's missing for this? I've just gone through part of the codebase with respect to this discussion, and AFAICS the MPA code is largely ignorant about the backing asset.

Has anyone tried to create USD-backed GOLD on the test net for example?
At least related features need throughout testing.
There is a KITTY.CNY asset (link) on production network, which was created by a Chinese community member, I remember that we've met lots of troubles while trying to set it up, for example price feed doesn't work well (probably doesn't work at all)
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Offline xeroc

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Re: Autobriding == Automatic bond market
« Reply #5 on: October 08, 2016, 04:49:19 pm »
There is a demo python code to produce a price feed for privatized bitassets here: http://docs.bitshares.eu/bitshares/user/privbta.html
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