OIL is plunging to areas it hasn't been in awhile. I would like to get in on this action with my BTS.
Can we get a good feed. Oil is probably the most volatile asset we have and we will need possibility a mandatory limited number of feed updates per day for it to be serious.
OIL is plunging to areas it hasn't been in awhile. I would like to get in on this action with my BTS.
Can we get a good feed. Oil is probably the most volatile asset we have and we will need possibility a mandatory limited number of feed updates per day for it to be serious.
You're the only one pushing a feed for Oil. Can you share your source so it can be rolled into the feed scripts?
https://bitsharestalk.org/index.php?topic=7787.msg157659#msg157659
OIL is plunging to areas it hasn't been in awhile. I would like to get in on this action with my BTS.
Can we get a good feed. Oil is probably the most volatile asset we have and we will need possibility a mandatory limited number of feed updates per day for it to be serious.
You're the only one pushing a feed for Oil. Can you share your source so it can be rolled into the feed scripts?
https://bitsharestalk.org/index.php?topic=7787.msg157659#msg157659
I manually did it by visiting the CME's quotes site. Hoping to spark a trend.
I am not very technical, but I wonder if this would work as I couldn't find any API pushing oil prices:
ThinkorSwims platform allows DDE to excel in real time quotes. I think you would only need to write a pyhon script that grabs the quote from the designated cell in excel and then bam, you have a real time feed. I have no idea how to write a python script for that, but it seems plausible. Right?
Business Summary
W&T Offshore, Inc., an independent oil and natural gas producer, together with its subsidiaries, is engaged in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and Texas.
It's not WTI @ yahooBtw futures are the best prices when oil is concerned....but it is quite messy ...constantly adjusting the nearest future and so on.
http://finance.yahoo.com/q?s=wtiQuoteBusiness Summary
W&T Offshore, Inc., an independent oil and natural gas producer, together with its subsidiaries, is engaged in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and Texas.
What about this one:
http://www.cmegroup.com/trading/energy/light-sweet-crude-oil.html
//edit: na .. theses are futures :(
There was some discussion of making bitGOLD stronger to help market bitAssets. And yet only way to make it stronger seems to be to market bitGOLD. Somewhat same issue with bitOIL and all the rest.
We could be sitting on an OIL well :P
I guess the feed script needs updating, since there are currently only two feeds for OIL and at least 60 delegates providing feeds in general?There's no real-time source for the oil price .. that's holding us back atm ..
It would have been better to use WTI or Brent for these assets in my opinion, probably easier to find price data and more international.
bump, let's get oil trading
It would have been better to use WTI or Brent for these assets in my opinion, probably easier to find price data and more international.
wow...I wasn't aware of bitreserve...Although I would never trust my money and have this centralized counterparty risk I think the way the have their "cards", the site, their presentations etc appear quite appealing...Maybe our marketing team can learn a couple of things from them..
I am not sure people realize how powerful is to have our money secured on a dentralized bank like bitshares vs. anything else out there and we need to do more to show this value to other people...
So let's get start bitoil please and let's pump the shit out of BTS to the moon soon and get the 2nd place before we are too late and the centralized companies beat us...
Relevant
http://cointelegraph.com/news/113085/bitreserve-wants-you-to-hold-and-spend-oil (http://cointelegraph.com/news/113085/bitreserve-wants-you-to-hold-and-spend-oil)
I wonder if they came up with that, before or after this thread.
QuoteI wonder if they came up with that, before or after this thread.
Lol...Dejavu.. This will not be the first time we discuss things and ideas here and someone else copying us before we implement them...
wow...I wasn't aware of bitreserve...Although I would never trust my money and have this centralized counterparty risk
At this point in time, I'm not confident that Bitshares is any more trustworthy or secure than Bitreserve.
QuoteAt this point in time, I'm not confident that Bitshares is any more trustworthy or secure than Bitreserve.
How come? In bitshares you know that your bitusd will be there unless you get hacked, or if there is a serious bank run (not likely) and BTS falls massively below $2 mil market cap correct?
In bitserve, the company can claim that for some reason (hack, steal, government shutdown etc..) they lost all the funds they bankrupt and then your bitusd are lost..
So which one has the most risk again??
QuoteAt this point in time, I'm not confident that Bitshares is any more trustworthy or secure than Bitreserve.
How come? In bitshares you know that your bitusd will be there unless you get hacked, or if there is a serious bank run (not likely) and BTS falls massively below $2 mil market cap correct?
In bitserve, the company can claim that for some reason (hack, steal, government shutdown etc..) they lost all the funds they bankrupt and then your bitusd are lost..
So which one has the most risk again??
Bitshares has the most risk, honestly. But it also has by far the most potential. Of course we should never say this outside of this forum, everywhere else we need to point out the SPOF risk of bitreserve and the decentralization of bitshares. Business is business.
Counterparty risk vs. risk for systematic failure
its the taks of the investor to pick a side ;)
Sent from my Timex Sinclair.
Guys...I am from Greece and we hear scenarios of a new Grexit again, possibilities of people to lose their bank deposits, bank runs etc etc.. I just hope that we release as soon as possible a version 1 with increased security measures, that even an idiot like me can feel safe that his funds won't disappear the next day from a hacker and then you will see how many Greeks are going to buy biteuros and forget about depositing money to any kind of centralized exchange or bank.
Most of you do not know the true power of bitshares because you do not have this continuously uncertainty about how your government is going to fuck up again.
... you do not have this continuously uncertainty about how your government is going to fuck up again.
Counterparty risk vs. risk for systematic failure
its the taks of the investor to pick a side ;)
Not only the investor, but also (and more importantly), the user.
One thing I've had trouble reconciling in regard to Bitshares and other decentralized tech is the lack of real Customer Support for the everyday user. It might seem trivial but if you tell potential users that there is no single entity to call or email if they have issues; that's a major turn off.
Customer support will need to be provided by the services utilizing Bitshares and until they are up and running (online wallet providers, gateways, etc.) I think it's very dangerous to market Bitshares to anyone with a limited understanding of decentralized tech.
Counterparty risk vs. risk for systematic failure
its the taks of the investor to pick a side ;)
Not only the investor, but also (and more importantly), the user.
One thing I've had trouble reconciling in regard to Bitshares and other decentralized tech is the lack of real Customer Support for the everyday user. It might seem trivial but if you tell potential users that there is no single entity to call or email if they have issues; that's a major turn off.
Customer support will need to be provided by the services utilizing Bitshares and until they are up and running (online wallet providers, gateways, etc.) I think it's very dangerous to market Bitshares to anyone with a limited understanding of decentralized tech.
Yeah the user experience with bitshares is a major issue imo. The majority of users do not want to have to learn anything new. It really has to be made simple and beautiful and idiot proof.
http://newsbtc.com/2014/12/11/bitcoin-oil-new-digital-power-couple/
“For the first time in history, oil will become a form of payment and compete against all major global fiat currencies.”
yhea ... as they "apparently" also did for bitUSD :)
Could be a good BitAsset to start now. Let's not miss the OIL bus opportunity like these guys... https://m.youtube.com/watch?v=sLB-uMPj27s
yhea ... as they "apparently" also did for bitUSD :)
It just depends who gets themselves publicly known by them first, to me BitAssets, imply decentralisation and we'll probably still hold the small crypto market, but our lack of marketing & not opening up BitOil/Silver and pushing BitGold may cost us the BitAsset brand in a few months as customers will be too confused between the two.Could be a good BitAsset to start now. Let's not miss the OIL bus opportunity like these guys... https://m.youtube.com/watch?v=sLB-uMPj27s
I've been talking with Juan Llanos from BitReserve and it seems he is attending tomorrow, lets see what it turns out
I see BitReserve are going to be in attendance at the Beunos Aries meet up.I've been talking with Juan Llanos from BitReserve and it seems he is attending tomorrow, lets see what it turns out
Meanwhile our official marketing team never even acknowledged that market.
BitReserve do really do get to be a fox in the BitShares henhouse.
Challenging the BitAsset brand (which we've had a year to cement), key markets and there's worse they can do too, but I won't mention it, they've already potentially taken the BitOil idea from this thread.
I see BitReserve are going to be in attendance at the Beunos Aries meet up.I've been talking with Juan Llanos from BitReserve and it seems he is attending tomorrow, lets see what it turns out
Meanwhile our official marketing team never even acknowledged that market.
BitReserve do really do get to be a fox in the BitShares henhouse.
Challenging the BitAsset brand (which we've had a year to cement), key markets and there's worse they can do too, but I won't mention it, they've already potentially taken the BitOil idea from this thread.
While I doubt they got the idea from the thread, you bring up a valid point about BitAsset branding. You don't need a polished wallet to start introducing the brand into the market. Oh well, that window is gone. Now we need to take a different approach to an awareness campaign.
(Edit: That's not 'the worst they can do' I referred to earlier.)
Can anyone tell if this is the spot/cash price, or a 1 day future, or something else?
http://www.ig.com/uk/ig-commodities/us-light-crude
They have a free feed.
How do I activate data feeds on my account?
To activate data feeds:
1. Log into the trading platform and select My Account
2. Select Data Feeds
3. Select the relevant data feed then click Add Data Feeds
If you are activating the NYSE or AMEX exchange feed, you will need to complete the exchange agreement form via the Data Feeds section.
Data feeds on CFD accounts
Adding data feeds allows you to see additional price feeds and volume data for shares. There is a monthly cost for adding a data feed, but we rebate the cost if you place a minimum number of trades per month on that particular exchange.
The Data Feeds section in My Account lists each available exchange, along with the cost of access per month. The Activity column shows the number of trades required to receive a rebate on the cost.
Please note: any new exchange feed you activate will be charged to your account immediately for the current calendar month, and you’ll receive the rebate at the end of the month (if applicable).
If you plan to take a break from trading in an oncoming month we recommend that you deactivate your data feeds before the end of the current month to avoid being charged.
The levels of access available are:
· No fee: In some cases, we are able to provide free data feeds from alternative exchanges. There is no cost for this access, but it may be delayed by 15 minutes.
· Level 1: This will enable a live price feed but it won’t provide volume data for all stocks (such as small-cap stocks)
· Level 2: This will provide a live price, along with volume data from the exchange where applicable. Level 2 access is required to view volume data on our charts, or the orderbook on PureDMA and L2 Dealer.
Data feeds on spread betting accounts
All markets are already enabled, with the exception of Australian and Canadian shares (which can be enabled in the Data Feeds section in My Account).
good start ... though we still should have at least 2 more sources for a price for OIL ..
Is there any real time oil feeds for Brent or WTI? I am involved with a distributed exchange called bitshares and we could really use the data to make oil derivatives happen. Thanks!
Robert:
Sorry to say, but no real time feeds yet.
--
Tammer Kamel
Founder & CEO
connect@quandl.com
good start ... though we still should have at least 2 more sources for a price for OIL ..
Agreed, unfortunately it would seem most of the feeds cost money. I haven't been able to find any freebies. Maybe we could have the DAC subsidize the cost of OIL feeds by allowing 3% delegates to re-register a new 4% delegate, and use the extra 1% to pay for the OIL feed. The problem with that however, is that standby delegates would need to eat the cost of an OIL feed. Maybe we need a specific 100% OIL delegate to transparently pay the other delegates OIL feed prices and also cover the top 50 in standby or something? Not sure the best way to tackle that.
Edit: it would be nice if we could work with quandl and maybe some other sites to give us some kind of bulk buy "delegate" deal on feeds. Unforunately quandl themselves don't have any real time OIL feeds according to the founder:Quote from: robrigoIs there any real time oil feeds for Brent or WTI? I am involved with a distributed exchange called bitshares and we could really use the data to make oil derivatives happen. Thanks!QuoteRobert:
Sorry to say, but no real time feeds yet.
--
Tammer Kamel
Founder & CEO
connect@quandl.com
http://www.bitoil.ru/http://newsbtc.com/2014/12/11/bitcoin-oil-new-digital-power-couple/
Apparently they've 'trademarked' BitOil
http://www.forexminute.com/commodities-news/bitreserve-transforms-oil-spendable-currency-51706Quote“For the first time in history, oil will become a form of payment and compete against all major global fiat currencies.”
Wouldn't a 15-min delayed feed be better than no feed?
The median internal delegate feed for other assets lags a bit anyway, so an extra 15-min delay would not cause that much additional front-running opportunity.
yhea ... as they "apparently" also did for bitUSD :)
It just depends who gets themselves publicly known by them first, to me BitAssets, imply decentralisation and we'll probably still hold the small crypto market, but our lack of marketing & not opening up BitOil/Silver and pushing BitGold may cost us the BitAsset brand in a few months as customers will be too confused between the two.Could be a good BitAsset to start now. Let's not miss the OIL bus opportunity like these guys... https://m.youtube.com/watch?v=sLB-uMPj27s
IG directed me to check out Nadex as their service is UK only. I spoke with one of the reps at Nadex and you can get access to the market data API for a one time fee of $500, but you also have to apply and associate your identity with them. Not sure if that would work so well for anonymous delegates but it could be one possible source of OIL feeds for public delegates. Of course as the regulatory waters are murky, this could also have some implication w.r.t. the CFTC saying they can regulate crypto derivatives.
What about this? Is it only historical or contemporaneous?I asked their founder Tammer if they had any real time oil feeds and he said not at the moment.
https://www.quandl.com/resources/api-for-commodity-data (https://www.quandl.com/resources/api-for-commodity-data)
There are 2 feeds up for this at the moment. Any delegates looking into developing more feeds for oil?
Current status for OIL feeds:
Market inactive: Insufficient number of active feeds
ASSET INFO
Asset ID: 5
Issuer account: MARKET
Asset Symbol: OIL
Full Name: Light Sweet Crude Oil
Precision:10,000
Registration Date:Jul 19, 2014 3:18:40 AM
1 barrel light sweet crude oil
Source: http://bitsharesblocks.com/assets/asset?id=OIL (http://bitsharesblocks.com/assets/asset?id=OIL)
I am not sure. Can delegates that provide more feeds be given more weight per vote?Current status for OIL feeds:
Market inactive: Insufficient number of active feeds
ASSET INFO
Asset ID: 5
Issuer account: MARKET
Asset Symbol: OIL
Full Name: Light Sweet Crude Oil
Precision:10,000
Registration Date:Jul 19, 2014 3:18:40 AM
1 barrel light sweet crude oil
Source: http://bitsharesblocks.com/assets/asset?id=OIL (http://bitsharesblocks.com/assets/asset?id=OIL)
Does that include standby delegates?