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Offline 麥可貓

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the name of 'bitGLD' should be reconsidered
« on: September 29, 2014, 01:14:36 AM »

according to zhao150, who has practical experiences in foreign market, the name of gold market should be XAU or GOLD:



maybe we should keep bitGLD, which is easier to understand for us, but implement a synonym to have bitXAU market, which is actually the same of bitGLD market
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Offline zhao150

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Re: the name of 'bitGLD' should be reconsidered
« Reply #1 on: September 29, 2014, 01:26:36 AM »
bitXAU is the best!
international forex market official used XAUUSD.
XAU is gold.
USD is U.S. dollar.
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Offline Mysto

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Re: the name of 'bitGLD' should be reconsidered
« Reply #2 on: September 29, 2014, 01:35:47 AM »
In the USA we do use GLD as the symbol but seeing as bitshares is not just for people who live in the USA this makes sense.

Offline bitmeat

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Re: the name of 'bitGLD' should be reconsidered
« Reply #3 on: September 29, 2014, 01:44:08 AM »
In the USA we do use GLD as the symbol but seeing as bitshares is not just for people who live in the USA this makes sense.

GLD is an ETF. In finance big players usually use futures GC??? (based on the month/year/etc)

Offline mint chocolate chip

Re: the name of 'bitGLD' should be reconsidered
« Reply #4 on: September 29, 2014, 01:45:48 AM »
bitGLD ftw!

Online fluxer555

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Re: the name of 'bitGLD' should be reconsidered
« Reply #5 on: September 29, 2014, 03:07:52 AM »
My vote is for BitXAU for sake of unambiguity. The peg's Nash Equilibrium relies on all parties having a very clear understanding of what the BitAsset is. If they aren't familiar with the XAU symbol, then they will learn quickly, and won't ever have to re-learn or make exceptions to what they know.

What if we wanted to make a BitAsset that tracks the ETF?

Offline johncitizen

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Re: the name of 'bitGLD' should be reconsidered
« Reply #6 on: September 29, 2014, 04:11:17 AM »
Bring the XAU! All assets should align with global standards

Offline liondani

Re: the name of 'bitGLD' should be reconsidered
« Reply #7 on: September 29, 2014, 04:54:23 AM »
I like bitGLD but if it change to something else I prefer bitGOLD
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Offline serejandmyself

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Re: the name of 'bitGLD' should be reconsidered
« Reply #8 on: September 29, 2014, 05:44:16 AM »
XAU is the correct symbol
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Offline Kenof

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Re: the name of 'bitGLD' should be reconsidered
« Reply #9 on: September 29, 2014, 06:23:53 AM »
 +5% for bitXAU

XAU comes from Index Aurum, it is universally excepted
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Offline xeroc

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Re: the name of 'bitGLD' should be reconsidered
« Reply #10 on: September 29, 2014, 06:55:52 AM »
middlemen and brokers are also expected! why not break with the traditions ..

or let's ask this way: why is it an INDEX after all?
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Offline matt608

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Re: the name of 'bitGLD' should be reconsidered
« Reply #11 on: September 29, 2014, 07:31:09 AM »
bitXAU or bitGold I would much prefer! 

Offline oldman

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Re: the name of 'bitGLD' should be reconsidered
« Reply #12 on: September 29, 2014, 03:53:30 PM »
XAU is correct, however, nearly impossible to market to average folks.

bitGOLD and bitSILVER should be implemented before a mainstream marketing push.

Offline nomoreheroes7

Re: the name of 'bitGLD' should be reconsidered
« Reply #13 on: September 29, 2014, 04:09:14 PM »
XAU is correct, however, nearly impossible to market to average folks.

bitGOLD and bitSILVER should be implemented before a mainstream marketing push.

 +5%

Offline xeroc

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Re: the name of 'bitGLD' should be reconsidered
« Reply #14 on: September 29, 2014, 04:42:31 PM »
XAU is correct, however, nearly impossible to market to average folks.

bitGOLD and bitSILVER should be implemented before a mainstream marketing push.
AFAIR there is a limit to the length of the bitasset name... and if I am not misstaken it's 6 byte .. i.e. 6 chars
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