POLL: Let's trade BitOil!!!

[fuzzy]

I'll publish a feed for it if it gets enough feedback either in depth or the forum. Probably the forum first as the depth is a chicken/egg problem.

Wouldn't opening up new bitAssets and allowing them to trade for one another (for instance trade 1 bitSilver for .017 bitGold) enable more arbitrage opportunities and with it more liquidity and, eventually, depth?

[busygin]

Two problems here. First, real-time futures price feeds are not free. At least, not free for re-publishing. Second, and more serious, commodity futures go by expiration month. For instance, CLX4 is WTI oil with November 2014 delivery, CLZ4 is WTI oil with December 2014 delivery, etc. They have different prices. Which one should we peg to? A natural choice would be the front month contract (i.e., with nearest expiration date). But then we have a price jump at every roll (when the front month expires).
Alternatively, we can agree to peg to some commodity ETF (USO for oil, for example) but they do not really trace oil futures price as they have slippage due to roll expenses and management fees.

[Empirical1.1]

I'd prefer to see BitSLV and BitGLD up first myself.

[Riverhead]

I'll publish a feed for it if it gets enough feedback either in depth or the forum. Probably the forum first as the depth is a chicken/egg problem.

[emski]

I think feeds will be published if there is significant market depth.
So far it doesn't seem like there is a lot of interest in this.
Why don't you begin with placing some orders first ?

[bytemaster]

We already have BitWTI   (Light Sweet Crude Oil)

Just need people to publish feeds.

[xeroc]

creation fee for new assets are:

Code Select Expand


  "asset_reg_fee": "210,068.81280 BTSX",


so if someone pays for it .. it can be traded ... (you need to convince 51 delegates to publish a feed thought)

Hey xeroc, quick question: is that 200,000 BTSX considered a transaction fee? i.e. can it be paid out as interest?

it is the fee that needs to be payed in order to create the market .. it counts as TX fee for btsx and this goes to the delegates (and via burn goes back to the shareholders of btsx) ...
check this out: https://bitsharestalk.org/index.php?topic=8630.0;all (although asset creation is not explicitly stated)

[Method-X]

creation fee for new assets are:

Code Select Expand


  "asset_reg_fee": "210,068.81280 BTSX",


so if someone pays for it .. it can be traded ... (you need to convince 51 delegates to publish a feed thought)

Hey xeroc, quick question: is that 200,000 BTSX considered a transaction fee? i.e. can it be paid out as interest?

[xeroc]

creation fee for new assets are:

Code Select Expand


  "asset_reg_fee": "210,068.81280 BTSX",


so if someone pays for it .. it can be traded ... (you need to convince 51 delegates to publish a feed thought)

[bluebit]

I'd love to see BitOil traded for BTSX, can we make this possible?