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An asset is only worth what someone is willing to pay for it (free market supply and demand): even if Yahoo, Google, BTC exchanges or some Government says otherwise.
If you peg bitGold to something other than gold, it does not make sense.
Price feeds are what makes settlements and margin calls work as intended.
Agreed. Price feeds are what makes settlements and margin calls work as intended.I will take down my votes from lazy witnesses when i am back at the office next year.I will alao work on a tool that makes it easier for witbesses to provide manual feeds ... but for now, i am on vacation
The true price of bitGOLD, bitSILVER, bitUSD, bitGBP, bitCNY bit...is what someone is "willing to pay" for the assets on the BitSharesDEX or external exchange.Price feeds are a reference for guidance.
Well .. witnesses are paid for providing blocks and witbessing a correct price feed .. the definition of 'correct' of cpurse depends on the markets look at for generatimg the feed price they publish.Either way i am looking for sone witnesses to produce more professional feeds as my 'script' was always ever meant for educational purpose and not for productive use (see script header) ..
seems nobody care about these shit MPAmaybe most people still waiting for BM to give an orderif anybody care about these , please set up a new witness, prepare the feed price, and I will give my vote.
I have upgrade my feed script, got GOLD/SILVER price from sina finace, the GOLD price is 1130http://finance.sina.com.cn/futures/quotes/XAU.shtml
There is no SINGLE PRICE of anything.It all depends on the subset of buyers and sellers that define specific price on a specific trade. Fortunately, we have some bigger exchanges that have a ticker for those trades.Unfortunately, we have many of them, some bigger, some smaller. Each exchange has there own price. In fact, every trade has it's own price.