As to how i say we test it, that is open for discussion. I am no expert daytrader and do not have the same skillset that comes along with it, but in my opinion could do the following:
we run it as a test on the testnet might be a good way.
So we essentially let people.buy into a competition to see who will end up with the most cash from trading the market...use the buy in and maybe double it using a worker reward and then we can even put up a reddit thread inviting people to join in the competition. get daytraders TRYING bitshares while they are part of the experiment. Then you will have effectively used a trading competition to bot only rest it but also promote bitshares THE EXPERIMENT (which is an important distinction for those who might want to join forces) at the same time. Heck it might even recruit people who have answers i and the rest of the forum may never give you...
The usual problem is, it is hard to simulate real money with fake money (think about how totally boring poker is, when played for fake chips).
[I understand your proposal gives real value to the winner(s). Just thinking about the 'no real loss for the rest" issues/implications.]
I will give it more thought tomorrow fuzz.
We were talking about testing the idea in testnet in Telegram but the disadvantage of a testnet as you pointed out : - we cannot mimic the live network because the risk of losing one's monies is not the same as lossing someone else's monies.
Cause for me there are only 2 choice, really.
1. BM: "dShares just got more interesting."
or
2. TK: "BM is not on board as chief dev. So we are forking and keeping 5-7% as a development fund. The rest is 100% dropped on BTS"
There is one more possible alternative:
3: Forked bts into a Baby net and test the concept on the Baby net. Baby net starts with a low valuation and sharedrops 100% on bts. Once it is proven a success, Baby net can be merged back into the parent bts.
if you buy into a poker match...people slowly dwindle as they lose their funds and the stakes naturally go up as the same amount of funds is held by fewer (and more skilled players). So the money you get from being a top trader becomes yours. and since there is a buyin you ARE risking money, but as you gain money and continue playing the game, you also have added the risk of lost time and effort onto the risk of losing accrued money. i say make a fixed price buy in and we consider using a worker proposal to double the winnings to the individual who wins.
Or instead of a worker...we get projects from the bitshares ecosystem and beyond to sponsor the event with their own tokens and we use them to add to the pot (to encourage more participation).
the more i think about it though there will not be any way to award this to a single person, but rather something like the top 10% of those who participate...i am sure i am overlooking some other potential factors but this is very worth looking into.
doing it right and well would require us to collectively use our resources....and imho we should take the time to do it right and get others outside our community to join in, but man would it be worth it.
@ccedk and
@fav might be two good people to bring onboard for marketing it around the net. but there are many others...
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