106
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 13, 2016, 12:27:46 pm »Any news ?Thanks for the mention in your steem article !
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107
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 13, 2016, 12:27:08 pm »
I have received an answer from 3 witnesses.
They have the code and are (probably) reviewing as we speak.
From my side, everything is done. I'm waiting for the first one of these 3 to publish the first price feed. Then I'll announce Bittwenty officially ... everywhere !
Even If I already have an answer from 3 witnesses, if another witness want to jump in and run the code to produce the pricefeed, it is still time.
I'll stop looking for witnesses when I have effectively 3 producing the price.
With that said, if a new one jump in and the 3 first one I had an answer end up publishing the price feed, I could have 4 witnesses instead of 3.
I chose 3 because as I allocate a percentage of the future revenues of Bittwenty, I wanted the first witness to have a "large" cut of that percentage. Also, there is no need to have more decentralisation until the market grow significantly high.
It shouldn't be too long now before the first price feed
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They have the code and are (probably) reviewing as we speak.
From my side, everything is done. I'm waiting for the first one of these 3 to publish the first price feed. Then I'll announce Bittwenty officially ... everywhere !
Even If I already have an answer from 3 witnesses, if another witness want to jump in and run the code to produce the pricefeed, it is still time.
I'll stop looking for witnesses when I have effectively 3 producing the price.
With that said, if a new one jump in and the 3 first one I had an answer end up publishing the price feed, I could have 4 witnesses instead of 3.
I chose 3 because as I allocate a percentage of the future revenues of Bittwenty, I wanted the first witness to have a "large" cut of that percentage. Also, there is no need to have more decentralisation until the market grow significantly high.
It shouldn't be too long now before the first price feed
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108
Stakeholder Proposals / Re: [Worker Proposal] Chronos Crypto videos
« on: September 08, 2016, 10:57:26 am »The worker term is now complete.You could use Steem to get in touch with the ppl that withdraw their bts to their wallet after the peerplay sharedrop announcement. They are probably not voting nor they know why or how they should.
Due to voting fluctuations, we collected a little under one month's pay during the worker period. With that funding, we produced the following videos:
- Intro to Bitshares, where we take a brief overview of some of the key features that make Bitshares stand out from other blockchain technologies.
- Buying Bitshares the Easy Way, where we quickly demonstrate one of the easiest way to buy Bitshares: using a bridge inside the online wallet.
- Bitshares Inflation Rate, where we take an in-depth look at the inflation rate, or change in the supply, of the core Bitshares token.
This level of productivity is in line with the commitment put forward in the original proposal, making this worker a success.
Due to the positive feedback we've received from the community, we will consider a second term in order to continue to produce these educational and valuable videos. If you have any feedback, please let me know. I will put forward a proposal for a second term shortly.
Thank you in advance for your comments and suggestions.
That could boost your votes !
I'm voting for your videos, they are perfectly suited for the actual situation of BitShares. I'll probably use one of them on my Bittwenty website.
You have my votes (via my proxy : Xeroc)
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109
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 05, 2016, 04:44:18 pm »
Already choosen (5 letters )
We've spent a lot of time to figure out how to allows us to change the composition of the index every month and have a basic control over it BUT make it impossible for us the manipulate the price so it is trustless.
I'll announce it as soon as one of the witnesses send the first price feed
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We've spent a lot of time to figure out how to allows us to change the composition of the index every month and have a basic control over it BUT make it impossible for us the manipulate the price so it is trustless.
I'll announce it as soon as one of the witnesses send the first price feed
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110
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 03, 2016, 06:00:41 pm »
The second witness has contacted me to check the code and run it if everything is ok.
If these two witnesses end up providing the price feed, there is only one remaining place available.
Remember it's also an opportunity to profit from its the future market fees !!!
If these two witnesses end up providing the price feed, there is only one remaining place available.
Remember it's also an opportunity to profit from its the future market fees !!!
111
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 03, 2016, 05:17:02 pm »
I've changed it into "the leading cryptocurrencies index fund" in the website at the moment. If someone find something better, I'm all ears !
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112
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 03, 2016, 05:10:23 pm »
Not a bad idea at all ! Thank you guys !
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113
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 03, 2016, 04:33:06 pm »
I has been seeing every one in the space saying "the first ... decentralised exchange, blockchain 2.0, 3.0, ... "
I thought it wasn't a big deal to say the first cryptocurrency index fund.
Do you think someone can claim to be the first before bittwenty and cause me problems ?
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I thought it wasn't a big deal to say the first cryptocurrency index fund.
Do you think someone can claim to be the first before bittwenty and cause me problems ?
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114
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 03, 2016, 02:35:08 pm »Thank you for your great work EstefanTT, I want to try this new index fund. What is the ticker for it?
I'm waiting at least one witness publish the price feed to officialise the market. Now I'll shut down my private price feed production and the market will reopen once the first witness send the first feed.
As the market won't have feed during this transition period I prefer no one use it at the moment.
Be sure that you'll know when the market will open its door, I won't rest until the 7,447,883,652 people on earth have heard about the first cryptocurrencies index fund !
115
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 03, 2016, 02:25:38 am »
The first witness is having a look at the code as we speak.
Two remaining places available for this opportunity of providing this smartcoin feed and profit for its future market !!!
Two remaining places available for this opportunity of providing this smartcoin feed and profit for its future market !!!
116
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 02, 2016, 12:55:00 pm »Thanks Ken, your support is very appreciated !Yes I could launch it now, publishing the feed myself ( have the script working) but I won't. I don't want to risk a laps of 24h or more without feed during the transition between me and the witness. I still have to see if it works with them.The real question is: why the hell do you need those witnesses? Why can't you just feed your own index to your own coin?Yes I can and I did during the testing phase.
Would would happen if I successfully grow this new market and people start realizing that I can, any tine I want, play with the value of my index and dishonestly make money on my owm market
I didn't wanted to create a fun smartcoin to play with or a toy for this community. I wanted an reliable, robust and trustless cryptocurrency index fund.
We found a way do it. The composition of the index is publish in the BitShares blockchain and the witness will read this composition so he can built the price. That way, we can monthly send the new composition in the blockchain but any attempt to game our own index would be publicly seen.
There is a couple more parameters publish in the blockchain. The details wil be avaioable in the website after launch.
Trust and centralisation problems solved and you can talk seriously with people with deep pockets.
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Oh, I see. You are going to help witnesses to calculate your index on their own, right? This is indeed a good, clean approach. In fact, you could launch your coin now and start publishing feed price by yourself, and add witnesses later when volunteers are available. Your choice though.
This coin makes more sense than any of crap coins created on bitshares during last year. You have to advertise it well to crypto community.
I don't see reasons why it wouldn't but anything can surprise you in the informatic world.
The index has a composition with different weight for each coins. This composition is sent in the blockchain as a memo attach to a transaction.
The witness script read this memo, get the composition of the index, get the price of each coins on several web site API, check the output and publish it.
The part where the script check the output is to avoid blackswan events caused by a bug in a API. If the index price move to fast in a direction (more than x %) the script slow down the movment and send us a mail so we can check if everything is right. If the movment is too strong the script suspend itself until a une Tx with memo is sent to allow it to continue.
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@EstefanTT and http://www.Bitsharesfcx.com have more than proven themselves over the past year or so. If I was a Witness, I would be glad to publish your feed.
You have my support Estefan, for what little it's worth.
I'm very happy to bring something new to this community.
It's been a long trip, we started privately this index in july 2015. We found a lot of problems in our way since we dicided to create it in BitShares early 2016.
Now it's finally done, the funny part of promotion is ahead !
I see a good potential in this index. Especially when people will see in the web site the data since 2015, how the index moved, how it's built and how secure and trustless it is.
117
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 02, 2016, 12:26:07 pm »Yes I could launch it now, publishing the feed myself ( have the script working) but I won't. I don't want to risk a laps of 24h or more without feed during the transition between me and the witness. I still have to see if it works with them.The real question is: why the hell do you need those witnesses? Why can't you just feed your own index to your own coin?Yes I can and I did during the testing phase.
Would would happen if I successfully grow this new market and people start realizing that I can, any tine I want, play with the value of my index and dishonestly make money on my owm market
I didn't wanted to create a fun smartcoin to play with or a toy for this community. I wanted an reliable, robust and trustless cryptocurrency index fund.
We found a way do it. The composition of the index is publish in the BitShares blockchain and the witness will read this composition so he can built the price. That way, we can monthly send the new composition in the blockchain but any attempt to game our own index would be publicly seen.
There is a couple more parameters publish in the blockchain. The details wil be avaioable in the website after launch.
Trust and centralisation problems solved and you can talk seriously with people with deep pockets.
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Oh, I see. You are going to help witnesses to calculate your index on their own, right? This is indeed a good, clean approach. In fact, you could launch your coin now and start publishing feed price by yourself, and add witnesses later when volunteers are available. Your choice though.
This coin makes more sense than any of crap coins created on bitshares during last year. You have to advertise it well to crypto community.
I don't see reasons why it wouldn't but anything can surprise you in the informatic world.
The index has a composition with different weight for each coins. This composition is sent in the blockchain as a memo attach to a transaction.
The witness script read this memo, get the composition of the index, get the price of each coins on several web site API, check the output and publish it.
The part where the script check the output is to avoid blackswan events caused by a bug in a API. If the index price move to fast in a direction (more than x %) the script slow down the movment and send us a mail so we can check if everything is right. If the movment is too strong the script suspend itself until a une Tx with memo is sent to allow it to continue.
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118
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 02, 2016, 11:43:00 am »
A quick reminder for witnesses, I'm basicaly offering free money.
All I need is witnesses to take a look at the python script I've made specially for you, verify it's all legit and run it to publish the price, that's it. You'll have a % of this future market revenue as long as you stay witness.
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All I need is witnesses to take a look at the python script I've made specially for you, verify it's all legit and run it to publish the price, that's it. You'll have a % of this future market revenue as long as you stay witness.
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119
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 02, 2016, 11:36:43 am »@xeroc brought to my attention last week something called privatized bitassets.Nothing complicated about it, I did it the last months when I was testing my scripts.
Apparently there is a way to run your own smartcoin without witness assistance.
I would be very interested to learn more about how to set that up..
You just have to add in the CLI the accounts allowed to publish the price feed of the smartcoin and disable the witness.
As you can read read in the answrrs I provided earlier in this thread, centralisation and trust is an issue for me. I wanted the smartcoin to be as much decentralsied and trustless as possible.
I wouldn't care too much about it if I were to invest 1000$ in the index. Imagine now I am a Bitcoin Whale and I want to purchase 500k$ of Bittwenty ... I would be very worried knowing the index could be manipulated by anyone in the Bittwenty team. I think this whale wouldn't even consider this index.
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120
General Discussion / Re: Bittwenty (index fund) is almost alive ! Witness opportunity !
« on: September 02, 2016, 11:25:52 am »Awesome! Something like this has great potential imo. I would definitely buy someThabks for answering question xhile I was sleeping.Liquidity is probably going to be a serious problem though. (I really think we need a way to pay interest to shorters...)
I'm also trying to understand the need of witness in this index. So it's a UIA traded index? like what Cyber.Fund have build on BitShares (SPIES).
No, this is not an UIA. It is a smartcoin like bitUSD, bitGOLD etc. No third party is actually holding altcoins, it is just a derivative powered by the DEX. Hence witnesses are needed to provide the price feed.
Yes liquidity may be a problem, same problem we have with our BitAssets.
I suspect, as this index is very appealing, the buy wall will grow and that could trigger shorters activity.
If there no nothing else to short in our BitAssets markets and there is thousands of $ in the buy wall of Bittwenty, that should kick start the trading.
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