BitShares Forum

Other => Random Discussion => Topic started by: Tuck Fheman on May 05, 2015, 10:17:21 pm

Title: bitChairs Asset v1.0
Post by: Tuck Fheman on May 05, 2015, 10:17:21 pm
(https://40.media.tumblr.com/51da040cd9cf08dc369bd49ad67e6b41/tumblr_nnwd0aPeSd1rtef2wo1_540.jpg)

We're thinking about creating a new asset called bitChairs using this price feed (http://www.pricegrabber.com/furniture/living-room-chairs/p-1504/).

It's not a perfect design, we know, so get to adding your suggestions below to make bitChairs the #1 asset on teh blockchain!

Be sure to include lots of technical jargon and words coders use in public to appear more human-like.

DETAILS

Core Dev: "crumbs" - Crumbs learned everything he knows from reading post from toast.
Core Dev/Founder: "bitmaster" - Bitmaster claims he only knows about 1/8th of what bytemaster knows, but you can only trust what bitmaster says half the time.

OUTLOOK

m00n


Remember, 1 bitChairs = 1 virtual place to sit ... always!


Title: Re: bitChairs Asset v1.0
Post by: Tuck Fheman on May 05, 2015, 10:18:13 pm
Reserved for future updates
Title: Re: bitChairs Asset v1.0
Post by: Riverhead on May 05, 2015, 11:49:56 pm

Looks like a comfy place to peg your asset.

If you want to short bitChair you need to collateralize with bitStool.

Ten bitChairs is pegged to 1 bitLadder where as 2 bitStools are needed for a bitChair.

A short bitStool position can be covered with bitChair however if your collateral ratio gets too high you're going to need a bitLadder or risk having to sit on the floor.
Title: Re: bitChairs Asset v1.0
Post by: Tuck Fheman on May 05, 2015, 11:56:50 pm
A short bitStool position can be covered with bitChair however if your collateral ratio gets too high you're going to need a bitLadder or risk having to sit on the floor.

Are we nailing bitChairs down to a pegged floor and letting the ceiling go as high as it wants?
Title: Re: bitChairs Asset v1.0
Post by: donkeypong on May 06, 2015, 12:07:55 am
(http://www.sickchirpse.com/wp-content/uploads/2013/01/Really-Drunk-Dizzy-Tramp-Sleep.jpg)
Title: Re: bitChairs Asset v1.0
Post by: cass on May 06, 2015, 12:14:51 am

Looks like a comfy place to peg your asset.

If you want to short bitChair you need to collateralize with bitStool.

Ten bitChairs is pegged to 1 bitLadder where as 2 bitStools are needed for a bitChair.

A short bitStool position can be covered with bitChair however if your collateral ratio gets too high you're going to need a bitLadder or risk having to sit on the floor.

ROFL  +5%
Title: Re: bitChairs Asset v1.0
Post by: zerosum on May 06, 2015, 12:20:02 am
LOL - all of you guys...  +5%

Very well timed Tuck Fheman - "Nailing bitChairs down to a pegged floor and letting the ceiling go as high as it wants?"


BTW OP do you guys mind being the feed provider of my private (NDA-ed for now) chair related bigAssat?