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Quote from: bitsharesrussia on September 15, 2014, 04:27:14 pmHow come the price so differs from the real price? Should be almost 15000? but its on the 13000 boundary. I mean doesnt it defeat the point of having assets - they are supposed to tied up to the price of the real asset. + why isnt there a reserve fund in bitBTCIf I recall correctly the reserve fund builds up over time from bitBTC fees and is used in the event that extreme market volatility causes calls on short to have insufficient collateral to fully cover.As for why the peg is off - That's above my pay grade.
How come the price so differs from the real price? Should be almost 15000? but its on the 13000 boundary. I mean doesnt it defeat the point of having assets - they are supposed to tied up to the price of the real asset. + why isnt there a reserve fund in bitBTC
Quote from: Riverhead on September 15, 2014, 04:44:01 pmQuote from: bitsharesrussia on September 15, 2014, 04:27:14 pmHow come the price so differs from the real price? Should be almost 15000? but its on the 13000 boundary. I mean doesnt it defeat the point of having assets - they are supposed to tied up to the price of the real asset. + why isnt there a reserve fund in bitBTCIf I recall correctlyThere is no reserve fund, it is used for interest to pay for long asset holders.
Quote from: bitsharesrussia on September 15, 2014, 04:27:14 pmHow come the price so differs from the real price? Should be almost 15000? but its on the 13000 boundary. I mean doesnt it defeat the point of having assets - they are supposed to tied up to the price of the real asset. + why isnt there a reserve fund in bitBTCIf I recall correctly
There is a independent reserve fund for each and every bitAsset that is used to pay the yield!
Quote from: xeroc on September 15, 2014, 04:49:24 pmThere is a independent reserve fund for each and every bitAsset that is used to pay the yield!But this fund is not used to intervene in the market right?
Well i earlier on today before updating the client took my 8500 satoshi in yield so there is a yield (held for a4 or 5 days). BUT on bitsharesbolcks it shows as 0 (reserve fund). Anyone esle on the price - its imortant i think to get those pegs working
Quote from: jsidhu on September 15, 2014, 04:51:14 pmQuote from: xeroc on September 15, 2014, 04:49:24 pmThere is a independent reserve fund for each and every bitAsset that is used to pay the yield!But this fund is not used to intervene in the market right?It was originally the idea to use it as a black swan fund in the case of a flash crash .. but as far as I know the only purpose of it is to pay the yield .. nothing more... no market intervention
Quote from: xeroc on September 15, 2014, 04:55:11 pmQuote from: jsidhu on September 15, 2014, 04:51:14 pmQuote from: xeroc on September 15, 2014, 04:49:24 pmThere is a independent reserve fund for each and every bitAsset that is used to pay the yield!But this fund is not used to intervene in the market right?It was originally the idea to use it as a black swan fund in the case of a flash crash .. but as far as I know the only purpose of it is to pay the yield .. nothing more... no market interventionIt is better IMO.. black swans are an anomaly in the market, and it is best kept organic.About the client reporting 0 fund, I think if Xeroc is right then its a bug because the fund is not being updated or displayed correctly or BM simply removed the notion of a fund and just put it somewhere else internally to distribute yield based on time/size of stake.
btc38 looks really heavy... big short orders... waiting for big bulls to come and eat the bears up and bears to switch back to long. I expect the low to be here somewhere. Maybe in 4-5 hours we might see a bump up.
It is better IMO.. black swans are an anomaly in the market, and it is best kept organic.About the client reporting 0 fund, I think if Xeroc is right then its a bug because the fund is not being updated or displayed correctly or BM simply removed the notion of a fund and just put it somewhere else internally to distribute yield based on time/size of stake.
delegate (locked) >>> blockchain_get_asset USD{ "id": 22, "symbol": "USD", "name": "United States Dollar", "description": "1 United States dollar", "public_data": "", "issuer_account_id": -2, "precision": 10000, "registration_date": "20140719T000000", "last_update": "20140719T000000", "current_share_supply": 5477664136, "maximum_share_supply": 1000000000000000, "collected_fees": 25150589}
Quote from: jsidhu on September 15, 2014, 05:04:32 pmbtc38 looks really heavy... big short orders... waiting for big bulls to come and eat the bears up and bears to switch back to long. I expect the low to be here somewhere. Maybe in 4-5 hours we might see a bump up.i was on about the bitBTC price on the platform - why is it way below what it should be? (but thanks for the TA anywas )