Bytemaster please explain the new tradingrules in 0.4.10

Started by Shentist, September 01, 2014, 07:54:57 PM

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liondani

Quote from: bytemaster on September 02, 2014, 01:11:34 PM
Quote from: biophil on September 02, 2014, 01:07:17 PM
Quote from: calvin on September 02, 2014, 11:47:32 AM
Where can I find the complete rules of BitsUSD trading? Will they valid in certain time period or they are keep changing? Will we receive an advance notice before it changes? I have kept update the wallet in these days and watch the BitUSD trading but still could not figure out the rules.

I think the only foolproof reference is the code itself. The project is developing fast, and I'm not aware of a single comprehensive up-to-date source of documentation.

Sent from my SCH-S720C using Tapatalk 2

We will publish the rules once they stop changing which I am fairly certain we are converging on a set of manageable rules.

and it should be easy to follow in real time when trading... (with instructions, different colors etc...)
[url="https://www.steempeak.com/@liondani"]https://www.steempeak.com/@liondani[/url]

bytemaster

Quote from: biophil on September 02, 2014, 01:07:17 PM
Quote from: calvin on September 02, 2014, 11:47:32 AM
Where can I find the complete rules of BitsUSD trading? Will they valid in certain time period or they are keep changing? Will we receive an advance notice before it changes? I have kept update the wallet in these days and watch the BitUSD trading but still could not figure out the rules.

I think the only foolproof reference is the code itself. The project is developing fast, and I'm not aware of a single comprehensive up-to-date source of documentation.

Sent from my SCH-S720C using Tapatalk 2

We will publish the rules once they stop changing which I am fairly certain we are converging on a set of manageable rules.
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

biophil

Quote from: calvin on September 02, 2014, 11:47:32 AM
Where can I find the complete rules of BitsUSD trading? Will they valid in certain time period or they are keep changing? Will we receive an advance notice before it changes? I have kept update the wallet in these days and watch the BitUSD trading but still could not figure out the rules.

I think the only foolproof reference is the code itself. The project is developing fast, and I'm not aware of a single comprehensive up-to-date source of documentation.

Sent from my SCH-S720C using Tapatalk 2

Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."

bytemaster

For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

liondani

[url="https://www.steempeak.com/@liondani"]https://www.steempeak.com/@liondani[/url]

calvin

Where can I find the complete rules of BitsUSD trading? Will they valid in certain time period or they are keep changing? Will we receive an advance notice before it changes? I have kept update the wallet in these days and watch the BitUSD trading but still could not figure out the rules.

tonyk

#19
In the meantime is there a way to see the median price in 0.4.10 ?

blockchain_get_feeds_for_asset USD

Right now:
USD: 0.029499999999999998       ~33.8983BTSX/bitBTC

BTC: 6.2844999999999999e-05     ~15,912BTSX/bitBTC
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

oco101

Quote from: toast on September 01, 2014, 09:08:33 PM
we have a series of GUI improvements which we will be able to push out over the next few days without client updates after the next release
+1 In the meantime is there a way to see the median price in 0.4.10 ?

toast

we have a series of GUI improvements which we will be able to push out over the next few days without client updates after the next release
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Shentist

so median is not average . will the median be displayed?

bytemaster

Quote from: Shentist on September 01, 2014, 09:01:34 PM
so bytemaster the shorts are ignored till what point exact? maybe something like a line or information could be displayed

A GUI update is about to be pushed to clarify this.  They are ignored until the median price feed is above their price.
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

oco101

Quote from: Shentist on September 01, 2014, 09:01:34 PM
so bytemaster the shorts are ignored till what point exact? maybe something like a line or information could be displayed

+1

Shentist

so bytemaster the shorts are ignored till what point exact? maybe something like a line or information could be displayed

bytemaster

Quote from: Shentist on September 01, 2014, 08:58:58 PM
ok, if this the case, this should be fixed as well. it is not possible to see that.

I agree.  We have already talked about this particular issue. 
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Shentist

ok, if this the case, this should be fixed as well. it is not possible to see that.
and you can't modify an order only cancel.

tonyk

#10
Quote from: Shentist on September 01, 2014, 08:51:53 PM
without short the minimum ask is right now

0.0303

tha actual bid price is also 0.303

no matching for 5 minutes

That is due to rounding error. If the bid is increased by 0.0001 BTSX/USD it will go through.

[edit] actually by 0.00000003 will be enough in this case
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Shentist

without short the minimum ask is right now

0.0303

tha actual bid price is also 0.303

no matching for 5 minutes

bytemaster

For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

tonyk


The required depth is 10 mil BTSX (0.5% of total BTSX supplely) since  0.4.9, I think...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

maqifrnswa

Quote from: Shentist on September 01, 2014, 08:21:40 PM
it's not right. a trade occured just now!

you're right, i'll correct it! there's less than 20 million btsx on each side (that used to be the min. depth)
maintains an Ubuntu PPA: [url="https://launchpad.net/~showard314/+archive/ubuntu/bitshares"]https://launchpad.net/~showard314/+archive/ubuntu/bitshares[/url] [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

Shentist


Shentist

Quote from: maqifrnswa on September 01, 2014, 08:17:48 PM
Quote from: Shentist on September 01, 2014, 07:54:57 PM
maybe you can explain it a little bit what changes now encoded, because i just can place bids and short. nothing will happen. i can match the bid or ask side nothing happens. looks broke in my eyes.

trading is still paused due to insufficient market depth

then just found a bug, because no message in the top. in the past everytime it would show the message.

maqifrnswa

#3
Quote from: Shentist on September 01, 2014, 07:54:57 PM
maybe you can explain it a little bit what changes now encoded, because i just can place bids and short. nothing will happen. i can match the bid or ask side nothing happens. looks broke in my eyes.

trading is still paused due to insufficient market depth
maintains an Ubuntu PPA: [url="https://launchpad.net/~showard314/+archive/ubuntu/bitshares"]https://launchpad.net/~showard314/+archive/ubuntu/bitshares[/url] [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

tonyk

 +5%

I can explaine what I have learned through trail and error but it will definitely not be the same.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Shentist

#1
looks to me the new implemeted rules killed every trading. compared with the volume before it is a joke in the bitUSD market.

i am a supporter to let it go and watch. why restrict something 3 days old? it is only natural that it have to be balanced out and it will happen with time and trading.

maybe you can explain it a little bit what changes now encoded, because i just can place bids and short. nothing will happen. i can match the bid or ask side nothing happens. looks broke in my eyes.