(1) Why did you choose USD:BTC, not USD:BTS?
(2) Do you mean to create both a buy and sell wall, or just one side?
(3) How will the participants be protected from this event: a selfish whale comes along and takes advantage of this liquidity and dumps a big amount onto the wall?
(1) Why did you choose USD:BTC, not USD:BTS?
(2) Do you mean to create both a buy and sell wall, or just one side?
(3) How will the participants be protected from this event: a selfish whale comes along and takes advantage of this liquidity and dumps a big amount onto the wall?
Similar to declaring that a village fair is open only on a Sunday morning, so that all those willing to trade come to the fair at this particular time.
It's definitely worth a go. I will participate on the 29th. :-)
I would like to participate. Where is this market: USD:BTC?
I like the idea. BlockTrades will lower our normal pricing for buying BTS on Feb 29th to allow users to acquire BTS they can use to create more BitUSD and BitBTC (to get good liquidity..)
..., I think more of these will need to be shorted into existence
I am ready to fund a prize 5000 BTS for best poster, which will help us promote this idea - more details here (https://bitsharestalk.org/index.php/topic,21280.msg276439.html#msg276439). Do you know any good graphic designers?@cass
I am wondering what is the best way to reach more people. This event will have greater chance of succeeding if more people will know about it.
Is there anyone here who could translate first post in this topic to Chinese?
I am ready to fund a prize 5000 BTS for best poster, which will help us promote this idea - more details here (https://bitsharestalk.org/index.php/topic,21280.msg276439.html#msg276439). Do you know any good graphic designers?@cass
will send some ideas ...I am ready to fund a prize 5000 BTS for best poster, which will help us promote this idea - more details here (https://bitsharestalk.org/index.php/topic,21280.msg276439.html#msg276439). Do you know any good graphic designers?@cass
I tend to view lack of liquidity as a symptom of lack of reason to trade. When countries have bubbles they have lack of liquidity because people are saving, it's more advantageous to hold assets than to trade for discretionary goods.
I think lack of liquidity in all cryptocurrencies stems from lack of utility, there's no compelling reason to trade because a trade doesn't give people what they want. A joint effort to create liquidity will pump the trade volume numbers though I worry it won't solve the issue of why people aren't trading in the first place.
Gonna be trading like a high frequency bot on Monday.
BlockTrade rates for buying BTS have been lowered on all coin pairs for the Liquidity Event.
BlockTrade rates for buying BTS have been lowered on all coin pairs for the Liquidity Event.
Has anyone figured out precisely what time zone will be used to dictate the start/end of this event? I'd like to hold a hangout for it, but do not know when to consider it or if I will even be available :P
@noisy (and anyone else who can help)
Would you please list specific action steps that supporters of this initiative should take in order to participate? A step by specific step format would be great for various individuals wanting to add support and who currently hold assets/crypto in various places and markets.
Make it easy and straightforward for people to contribute to your initiative.
What should I do with bitcoin currently in a bitcoin wallet in order to support this liquidity initiative?
it looks pretty awesome! :) I want to have situation like this... everyday! :) But you know what? Now we all know, that this is possible :)
it looks pretty awesome! :) I want to have situation like this... everyday! :) But you know what? Now we all know, that this is possible :)
If anything, a monthly event could be done until people get used to it and it remains constant
it looks pretty awesome! :) I want to have situation like this... everyday! :) But you know what? Now we all know, that this is possible :)
If anything, a monthly event could be done until people get used to it and it remains constant
Looking good! Yeah, liquid Mondays? Or we could all just agree to just trade on days that end in ''y" :P
I'm in for next Monday!!! I just need some instructions.
right now spread is almost zero on USD:BTC
too bad that couldn't be maintained.
I think today went well.
theres still lots of depth on usd:btc
riverhead [6:26] In the BTC Markets tab I don't see anything BitShares related UIA or otherwise.
krondix [6:26] because BitShares does not have BTC, only BitBTC and OpenBTC
riverhead [6:26] OPEN.BTC is the same as POLONIEX.BTC and KRAKEN.BTC
riverhead [6:26] You deposit BTC and get OPEN.BTC with the expectation of being able to withdraw OPEN.BTC for BTC.
noisy [6:26] exactly
krondix [6:27] yes
riverhead [6:27] However I do agree that BTC (bitBTC) is not BTC
krondix [6:27] what is BTC in BitShares then? OPEN. + METAEX. + TRADE. combined?
ihashfury [6:27] @Samupaha: in theory we could use "Quantitative easing" to devalue BTC with BTS
riverhead [6:28] Not exactly - but it can be gray sometimes. For example I use bitUSD via Coinomat to pay my credit card. It's not real USD but the difference is immaterial to me.
riverhead [6:28] @krondix bitBTC is minted by putting away collateral. It is designed to track the value but is not an IUO for onchain BTC (edited)
riverhead [6:29] The UIA.BTC is supposed to be a 1:1 IOU for onchain BTC
krondix [6:29] @Riverhead: I understand this, my question was different. If Polo.BTC is listed as BTC on cmc, and bitBTC is listed as bitBTC, what if any should be listed as BTC for BitShares?
jonnybitcoin [6:29] There should be different exchanges reported on CMClike openledger metaexchange and blocktrades and then a single combined figure for all exchanges running on bitshares
riverhead [6:30] Yup
riverhead [6:30] @krondix OPEN.BTC is the same as POLO.BTC since it's a 1:1 IOU. bitBTC is a derivative.
roadscape [6:31] Is it possible to issue an asset that's not tradeable on the DEX?
krondix [6:31] Polo.BTC is listed as BTC, Open.BTC as OpenBTC
riverhead [6:31] Ah, I see.
krondix [6:31] bitBTC as bitBTC
riverhead [6:31] Yes, they have it wrong
too bad that couldn't be maintained.
Why not? Actually I am going to keep most of my open orders :)I think today went well.
theres still lots of depth on usd:btc
Yeah... this could give us additional information, how long Liquidity Event Effect could last. We will see. Maybe, even longer than we expecting right now? :)
Was great to see some new faces and to have some action on the dex. Looking forward to the next...
Thank you @JonnyBitcoin for organizing this event and thank you to everyone that showed up. This is truly an amazing platform we have here.