There's been 12 pages of discussion, it would be nice if someone could sum it up in a single clean document so that it can be easily digested by more people. Even if it was literally just copy-and-paste snippets of notable points.

I saw some important variables were identified (length of time on the books, distance/spread, etc), but have any *reward equations* been proposed? This is the hardest & most important part. What variables do we measure and how do we combine them into a single score.

My response to earlier xeroc's post is pretty close to a pseudo code... reposting will not help reducing the pages from 12...quite the opposite. [feel free to put in better English, if you see a need to do so]
Others have suggested additions which are generally cool and good, but from my point of view they needlessly complicate the algo for little bit of fine tuning.

Just a heads up to anyone else that rage quits the forum.

From my testing this appears to be the case, if it's not I'd be welcome to hear why it's not accurate with something other than the usual, "FUD", "drama", "slow clap" responses given to those testing the bot. 

• If you have funds in ShareBits from tips or otherwise you will not be able to withdraw your funds after rage quitting.* So withdraw before rage quitting.
• If you don't withdraw your funds before rage quitting, someone else can recreate your account on the forum and take all of your funds via tips.
• You can recover your funds by recreating your forum account under the same name and transferring the coins to another account you control via tips.

* The bot, at least regarding withdrawals, is tied to the userid # associated with your forum account afaict. So recreating your account under the same name later will not grant you withdraw permissions, because you won't receive a withdrawal code private message. Someone else who recreates your account under the same name can withdraw your funds by tipping another forum account they control.


Also for those unaware, you can tip like this on Twitter ...

those were one very confusing instructions on 'rage quiting'...

if a single witness fed in a very wrong price couldn't that trigger margin calls / forced settlement?

sure, at the right time at the right place...they can.
3-4 of them colluding can make a party out of it... and one will never be able to prove it...
as a matter of fact I believe they already do that... and nobody cares. [I will look for the link where I posted it, if interested*]

*Generally there was a settlement order  1. they lowered the settlement price 2. Placed a new position with the least collateral ratio(3 sec after the new price got into effect). 3. the order in (2) got filled 4. They published a new higher price feed 5.The next order with the lowest collateral got called 5.they sold into it at 10% above their new feed price...
 

Quote from: JonnyBitcoin on March 15, 2016, 04:07:21 am

if a single witness fed in a very wrong price couldn't that trigger margin calls / forced settlement?

No. bts takes the median of all witnesses' feeds.

what is you point? The newly  published price for sure can change the median price.... obviously.

Did we actually reach 28M marketcap?

if by 'we' you mean did 'BTS' reach 28Mil USD market cap?...no.
I was talking about another crypto player... connected to BTS in more ways than one 3, though...

#sharebits "Empirical1.2" 74 USD

#sharebits "fuzzy" 1 HIGHFIVE

50%  IOU.USD 50%bitAssets

The bitassets are shorted by them themself and given to the customers, the 50% IOU.USD kind of offsets the 200% collateral required.