Author Topic: To the delegates who are not publishing GLD, EUR, etc price feeds  (Read 3877 times)

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Offline oldman

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can we hold off on opening new markets for a week?

It would be prudent to get the client, market mechanics and trading platform sorted before any additional bitAssets go live.

Offline liondani

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One of the reasons I don't want to place orders is that I don't know when we'll get the magical number of feeds and the magical 500k market depth. Either of those events could happen at any time, and I can't be monitoring my orders constantly to make sure they are at prices I'm happy with. I could place a bunch of arbitrary orders some large distance from the median, but that would not be adding meaningful depth.

That's why I think it would be awesome if we could make orders depended of the ratio...    [(bitAsset price) / (median price of realAsset)] (?)
For example :  buy x bitGLD at ratio:85%




it would increase market depth if we could make orders depended of the ratio...  imagine an order like :  buy x bitUSD at ratio:85%

I like this idea.
https://bitsharestalk.org/index.php?topic=8390.msg110030#msg110030
« Last Edit: September 17, 2014, 09:00:26 am by liondani »

Offline Markus

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I'd like to abstain from posting a feed on a shallow market.
Please try to post some orders first.
The markets you want feeds are too small and easily manipulated.

I get an error message posting a short order in any of the un-fed markets. Am I the only one?

... this means we need the feeds first, then the orders.

Offline biophil

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If traders want to prove there is enough honest depth then they should set up market maker bots. But also you shouldn't because it is not stable enough for out liking.

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Yeah, I'm deeply looking forward to the day when I'll have the time to learn enough python to audit the market-maker code and check to make sure it does what I want it to... until then I'll just be patient and wait patiently for it to be ready.

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Offline toast

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If traders want to prove there is enough honest depth then they should set up market maker bots. But also you shouldn't because it is not stable enough for out liking.

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Offline biophil

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I'd like to abstain from posting a feed on a shallow market.
Please try to post some orders first.
The markets you want feeds are too small and easily manipulated.

So I see it's a chicken-and-egg problem: the traders want feeds so they can place orders, but the delegates want orders so they can issue feeds.

One of the reasons I don't want to place orders is that I don't know when we'll get the magical number of feeds and the magical 500k market depth. Either of those events could happen at any time, and I can't be monitoring my orders constantly to make sure they are at prices I'm happy with. I could place a bunch of arbitrary orders some large distance from the median, but that would not be adding meaningful depth.

The bitCNY launch was beautiful because we all knew exactly when it was going to happen, because the market was effectively turned on by a hard fork. It would be awfully nice if we could have something like that for future market launches. Maybe a sufficient number of delegates could get together and announce a specific time and date that they are going to issue their feed.

emski, I'm curious: what kind of manipulation worries you?
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Offline liondani

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can we hold off on opening new markets for a week?

Haha, and there go my ambitions to trade bitGLD this week. BM has spoken. :)

Bytemaster, mind if I ask your reason?

maybe he wanted/planed to sleep a couple of hours this week (?)  :D


PS What about only bitGOLD this week ?

Offline emski

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I'd like to abstain from posting a feed on a shallow market.
Please try to post some orders first.
The markets you want feeds are too small and easily manipulated.

Offline biophil

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can we hold off on opening new markets for a week?

Haha, and there go my ambitions to trade bitGLD this week. BM has spoken. :)

Bytemaster, mind if I ask your reason?
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Offline bytemaster

can we hold off on opening new markets for a week? 
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Offline xeroc

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I am so stupid .. i can let delegate.xeroc pay for the charity feeds .. :)

Will pimp my script tomorrow when back at the computer .. promised

Offline biophil

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It does cost a single transaction fee .. so 0.5BTSX each update .. so maybe up to every 2-4 hours ..

we are indeed talking about pennies here .. yet .. I am undecided of how the charity delegates should take part ..
I will let the community gather some fact over the night and read through it tomorrow .. have nice day .. good night :-)

i don't get it - how much do delegates pays for publishing feeds?

so i would suggest that delegates who not publishing feeds are excluded from the trading fees this feeds make available. This way the delegates who are not doing their duty are punished and the delegates who are doing the job get more fees. i would just share this fees to the other delegates.

i don't see a reason to pay a delegate the trading fee say for bitGLD if he is not publishing the feed.

That's not a bad idea! It would align the incentives a little better.
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Offline Shentist

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It does cost a single transaction fee .. so 0.5BTSX each update .. so maybe up to every 2-4 hours ..

we are indeed talking about pennies here .. yet .. I am undecided of how the charity delegates should take part ..
I will let the community gather some fact over the night and read through it tomorrow .. have nice day .. good night :-)

i don't get it - how much do delegates pays for publishing feeds?

so i would suggest that delegates who not publishing feeds are excluded from the trading fees this feeds make available. This way the delegates who are not doing their duty are punished and the delegates who are doing the job get more fees. i would just share this fees to the other delegates.

i don't see a reason to pay a delegate the trading fee say for bitGLD if he is not publishing the feed.

Offline biophil

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It does cost a single transaction fee .. so 0.5BTSX each update .. so maybe up to every 2-4 hours ..

we are indeed talking about pennies here .. yet .. I am undecided of how the charity delegates should take part ..
I will let the community gather some fact over the night and read through it tomorrow .. have nice day .. good night :-)

You could set your tf to 0.1BTSX, yes?

My quick opinion is that getting more markets going will be healthy for BTSX, so it will ultimately increase transaction volume and increase delegate income. Of course, this is just a wild guess - there are probably diminishing returns eventually.
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Offline liondani

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