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Offline luckybit

Where is BitCNY?
« on: August 27, 2014, 05:08:22 AM »

Most of the volume on Coinmarketcap selling is BTSX -> CNY.
So why wasn't BitCNY issued yesterday?
http://coinmarketcap.com/currencies/bitshares-x/#markets
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Offline Riverhead

Re: Where is BitCNY?
« Reply #1 on: August 27, 2014, 05:09:35 AM »
Had 31 feeds, needs 20 more. I'm surprised it doesn't have them yet.
« Last Edit: August 27, 2014, 05:11:31 AM by Riverhead »

Offline puppies

Re: Where is BitCNY?
« Reply #2 on: August 27, 2014, 05:43:51 AM »
I believe that the chinese board asked us to hold off on it for a couple of days. 
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Offline luckybit

Re: Where is BitCNY?
« Reply #3 on: August 27, 2014, 06:48:34 AM »
I believe that the chinese board asked us to hold off on it for a couple of days.
Hold off so they could sell off?
I don't get it.

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Offline puppies

Re: Where is BitCNY?
« Reply #4 on: August 27, 2014, 06:49:00 AM »
I'll try to find the post.
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Offline yellowecho

Re: Where is BitCNY?
« Reply #5 on: August 27, 2014, 06:51:42 AM »
I believe that the chinese board asked us to hold off on it for a couple of days.

From what I've been able to gather they need a little more time with version 0.4.8.  I can't wait for BitCNY!  8)
696c6f766562726f776e696573

Offline puppies

Re: Where is BitCNY?
« Reply #6 on: August 27, 2014, 06:52:16 AM »
Is the trading page translated already?
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Offline xeroc

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Re: Where is BitCNY?
« Reply #7 on: August 27, 2014, 05:05:37 PM »
*.delegate.xeroc published their feeds two days ago .. I need to adjust them because markets not open yet :( ;-)
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Offline Riverhead

Re: Where is BitCNY?
« Reply #8 on: August 27, 2014, 07:34:55 PM »
*.delegate.xeroc published their feeds two days ago .. I need to adjust them because markets not open yet :( ;-)


Reminds me..I need to update my bitCNY feed.

Offline Akado

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Re: Where is BitCNY?
« Reply #9 on: August 27, 2014, 07:40:40 PM »
maybe bitCNY is what will kick bitUSD to start given a high percentage of the trading volume comes from the chinese
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Offline Riverhead

Re: Where is BitCNY?
« Reply #10 on: August 27, 2014, 07:48:01 PM »
maybe bitCNY is what will kick bitUSD to start given a high percentage of the trading volume comes from the chinese


That is my hope too! Also, after Brian's webinar tomorrow.

Offline Empirical1

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Re: Where is BitCNY?
« Reply #11 on: August 27, 2014, 08:38:38 PM »
maybe bitCNY is what will kick bitUSD to start given a high percentage of the trading volume comes from the chinese


That is my hope too! Also, after Brian's webinar tomorrow.

My thinking now says BitBTC is the one that will help BTSX the most in the short term, as I said in other thread...

"A lot of people have a mental block where they keep their crypto investments separate from their fiat.
Keeping fiat in crypto form either requires a lot of faith in the BTSX system (in which case your a BTSX bull & would prefer to short) or a huge amount of distrust in the regular financial system. (BTSX is very new and can't engender that level of trust yet nor does it have any BitUSD utility yet.) So in the short term <3 months you're relying mainly on traders etc. vs. a lot of demand from people who actually want to keep a position in fiat on the blockchain.

However very few people could resist moving some of their BTC position into BTSX if people are effectively paying them high interest shorting below the peg.

The BitBTC peg will be tighter and effective BTC interest will be more of a talking point. Confidence in BitBTC on BTSX will be easier and more natural than fiat. So you will attract a lot more BitBTC longs than BitUSD longs in the shor term. That peg being tighter will help the BitUSD peg."
« Last Edit: August 27, 2014, 08:47:31 PM by Empire »

Offline liondani

Re: Where is BitCNY?
« Reply #12 on: August 27, 2014, 09:57:04 PM »
My thinking now says BitBTC is the one that will help BTSX the most in the short term, as I said in other thread...

Code: [Select]
liondani (unlocked) >>> wallet_publish_price_feed liondani 0.00006909 BTC
{
  "expiration": "20140827T232900",
  "delegate_slate_id": null,
  "operations": [{
      "type": "update_feed_op_type",
      "data": {
        "feed": {
          "feed_id": 4,
          "delegate_id": 378
        },
        "value": {
          "ratio": "0.06909",
          "quote_asset_id": 4,
          "base_asset_id": 0
        }
      }
    },{
      "type": "withdraw_pay_op_type",
      "data": {
        "amount": 50000,
        "account_id": 378
      }
    }
  ],
  "signatures": [
    "1f9bfca5ba6f3d25aa46e604b4b5b3661c72a48138406f56efb792d71e55f9af307b3ff2b89d09e0685621d895e15abd4a4cf6caa100f5c5dae04781ac3c08b3d8"
  ]
}
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Offline ripplexiaoshan

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Re: Where is BitCNY?
« Reply #13 on: August 27, 2014, 10:35:53 PM »
The truth is that some Chinese who can understand all the English terms in market can play bitUSD market very well. No need to open another market for them. For others who are only capable of playing bitCNY and BTSX do not understand the meaning of buy, sell, margin, short when they are still in English. That's why most of the trade are currently on exchanges.
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Offline luckybit

Re: Where is BitCNY?
« Reply #14 on: August 27, 2014, 10:44:51 PM »
The truth is that some Chinese who can understand all the English terms in market can play bitUSD market very well. No need to open another market for them. For others who are only capable of playing bitCNY and BTSX do not understand the meaning of buy, sell, margin, short when they are still in English. That's why most of the trade are currently on exchanges.

Most people who speak English are having problems figuring out all of that stuff. It's understandable and perfectly reasonable. It seems this was the result of releasing with no documentation, help, tool tips, or anything. As a result few people can figure out Bitshares to participate.

Any ideas on what we can do to fix this?
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