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General Discussion / Re: One way or another the PEG will be established...
« on: August 28, 2014, 10:27:13 pm »Here is what I have implemented as an intermediate step:
1) If delegates publish a feed, then the feed will be used rather than the average. In this way if there is a service interruption on the feed, then the network can still function like it does today.
2) This puts the "shareholders" in control over whether to use feed or average.
3) I have restricted the creation/execution of new shorts to the median / average price.
Result... those who have USD have priority in selling over those who would like to short. This adds liquidity for those with USD by removing competition from those looking to short.
Next we are going to open up a second bitasset so that "short demand" can spread between two BitAssets and the bitassets can trade against one another.
I believe this should implement your proposal without the arb. bot.
This looks acceptable to me in order to prevent rampant manipulation because of the thin orderdepth yet. How would you call the new "bitUSD-short pegged" and "bitUSD-market unlimited"? Also, in which version will this be included, I suppose the delegates and users will have to download a new version, for example 0.5.0 first, right?