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Messages - jcrubino

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31
Let people use NXT, Open Transactions, Counter-Party, or whatever if they want to issue assets. We can already see the disastrous history of user issued assets on Havelock. Almost every asset turns out to be a scam, including ASICMiner. I'm telling you, we don't want any of that crap on BitShares.

The reason for suggesting hyperledger or OT is to provide a ledger and token system that is matched to proveable reserves of third party blockchain assets and tokens just for Bitshares, providing and extension that can pay out the actual underlying asset for a crypto index.  An index based on derivatives is better and cleaner to work with.


32
I like the film index and it is doable.

I spent a couple years of my free time digging deeply into motion picture industry numbers, and industry data (often questionable) usually comes from only a few reputable sources.  Box office opening weekend is a key metric for the industry as it can make or break new talent in the industry.  Can Bitshares handle discrete event prediction markets?  Huge opportunities for sporting events.




33
I would like to agree .. but I don't know how often people are "updating" their feed scripts .. also some delegates still don't publish feeds at all .. (old story)

Can the common feed be versioned and a running delegate gets the hash for delegate profile publication.
Helps keep the delegates up to date

34
I would like to agree .. but I don't know how often people are "updating" their feed scripts .. also some delegates still don't publish feeds at all .. (old story)

Where can I read about the preferred or official feed format and the technical details of pegged asset implementation?
Would a comprehensive market data collector be advantageous to the community?

35
Your proposal idea is sound, but your proposed implementation is massively overcomplicated.

The simple route is to just create a pegged asset for the fund, then create a pull request on the feed scripts which actually values the index. Then convince people this is worth including and it will just happen.

I agree a pegged asset is the best solution.
Not having to worry about liquidity frees up the implementation enough to allow for volatility controlled assets.

Will create pull requests within the week.

JR


36
I am glad to see others interested in the index approach.

Just some thoughts:

    While it could be run using the CFD model very safely, I think an Open Transactions or Hyper Ledger as a ledger for a reserve to  actual tokens is the most legit way to go.

    Save CFD's for SPY for DJI and NASDAQ.

    The key to keeping a reserve is limiting the redeemable time from entry of the assets as well as the value flow in to maintain calm markets.

37
I question the premise of the OP.

BitShares cannot "take off" while bitcoin and the rest of crypto are in a bear market.


But BitShares the platform can.

What the blockchain technology space needs are savers.  Every blockchain wants people to hold on to the native tokens to help appreciate the value of the token.  But users en mass want to know what the value of their stored currency will be tomorrow and even next month.  If people can not store value in the blockchain ecosystem then most will just speculate.

If moonstone puts out a wallet that allows people to:
    1. convert Bitcoin to BitUSD / BitCNY
    2. set savings goals

I think you have the basics for a killer app, add an index fund where people can put in no more than a dollar a day to buy blockchain tokens and assets weighted by marketcaps and some sanity rules and you can onboard outside the normal enthusiast circles.  Killer apps make peoples lives simpler, not more complex by having to grok all sorts of complexities that will need further calculations.


Another channel for on boarding is education:
     Create programs to teach / present blockchain technologies and finance in a DAC agnostic way.
     This works well in many industries.




38
Crypto coin and asset Indices:  Tradeable Indices without market and managerial risk

Value Proposition:
    Treating Blockchain as DACs creates a reference point to treat BTA and networks as an industry.
    Blockchain Industry following indexes should be built on industry tools and systems
    Bitshares provides the most advanced distributed exchange and application specific ledger to lead this type of operation.
    Bitshares becomes more relevant inside the blockchain technology ecosystem
    Bitshares provides assets and tools relevant to those who want to safely increase their blockchain finance usage
    An index fund and exchange traded fund are among the tools of modern finance that Bitshares can operate to increase utility among the block chain technologist and believers.
    External exchanges are still needed for market price discovery and liquidity
    Industry tracking investment vehicles could increase awareness among mainstream non-adopters of blockchain technology as a fair risk asset better suited to personal style and risk profile.


External Same or Similar Assets:
    Already on the Market
        Coindex.eu (nxt)   
    Proposed Projects:
        Altcoin25     (nxt)

Bitshares Competitive Advantage:
     Bitshares has "contract for difference"  (CFD) smart contract abilities which is the foundation for bitAssets.
     Using CFD market mechanics long and short positions that track the value of the underlying asset without user risk to managerial fraud or mistakes and market liquidity squeezes.  Users can hold or short and asset that tracks the fair trade value of the underlying assets.
    Bitshares also has very fast block times providing for near trade time exchanges of value that most other blockchains cannot provide.

Potential Competitors:
    Ethereum project provides CFD capabilities and will be open for any user to create CFD contracts at will.


Proposed Asset Lines:

    Marketcap Traditional Index 
        suffix: MTI
        Traditional Marketcap Weighted Indices

    Marketcap Broad Index
       suffix: MBI
        Weight limited market cap based index to provide broader exposure to the over all market
   
    Volume Cap Index
        suffix: VCI       
        High Marketcap Low Trade Volume

    Equal Weighted Index
        suffix: EWI

    Price Weighted Index
        suffix: PWI

    Sector Specific Assets:
        Strong Privacy
        Distributed Apps
       

The above asset line provides most of  the major traditional methods for index composition and allows for varying levels of exposure to the current markets.

To make this easier for delegate participation reference python libraries to pull data from data aggregators and exchanges will be provided.


Updated Regularly to Reflect Current Status of Proposal.

39
Technical Support / Bitcoin to BitUSD Contracts?
« on: April 11, 2015, 06:22:33 am »
How can an cross chain transaction between Bitcoin and BitUSD be implemented without a centralized third party?

Thanks

 

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