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Topics - ronpaulmoneyman

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General Discussion / My problem with BitAssets... lack of price discovery

« on: January 23, 2015, 08:44:16 am »

So I am releasing a coin named RonPaulMoney. You can read about it elsewhere but it is largely a BitShares clone with a few small changes.

The problem is that all price discovery is done on centralized exchanges. There are no planned features that lead to decentralized price discovery, correct? Price discovery is needed to launch any bitAsset.

With BitShares it fell into place but it interestingly creates a problem for other chains who would not have the political pull that a coin like Bitshares has. While I'm sure I can find some small exchange to do this after I pay them or otherwise, I would rather not put my users through the risk of some shit exchange. (Although I have not contacted BTER yet, need to have the coin released first) So what gives my coin value can't even exist _until_ it the coin is on an exchange!

Does the BTC-bitBTC gateway I see mentioned do price discovery?

Would there be a way to peg RPM to BTS by issuing a user issued asset and then have a dex using a centralized exchanger (me) who doles out an asset when people transfer their RPM to me?

Once we have a live blockchain we could use a gateway? So when my RPM wallet receives 100 RPM then they receive 100 units of a UIA which is then traded in BTS?

Much like NEMStakes but we have RPMStakes?

Is that my best bet short of a decent exchange or 2?

Technical Support / Does codebase support reserved names in the asset space?

« on: January 06, 2015, 07:09:48 am »

One mistake I would like to avoid is people camping on assets that are similar to legitimate assets. I also don't want people creating bitGLD or bitGold or bitUSD because it does no one in the Bitshares community any good. Our chain will have 2 market-pegged assets. Silver and Gold.

The code could be kludged up with a big regexp test on registration but I wanted to make sure nothing like this existed? This is something that needs to be correct before the live chain.

General Discussion / Request For Comment !

« on: December 31, 2014, 07:56:47 am »

What is the consensus on giving this coin its own subforum here? Perhaps one level lower than the top level.

We can have lots of discussions here or just keep it to basic threads. The Bitcointalk thread alone had over 30k views. Who gets more business from whom? IIRC RPCD ANN has more views than the I3/Bitshares announcement on Bitcointalk. Could there be a cross pollination network effect?

Googling this coin I can't help but thank Fuznuts for doing wonderful things as soon as he caught wind of my project.

Secondly, who wants to run a Delegate? Who would not mind running a Delegate once we are stable but doesn't want to be involved in testnets?

There is an issue with Delegates on Bitcointalk. Giving away funds to testnet participants would fall under the giveaway rules on bitcointalk and have my thread locked!