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Messages - monsterer

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211
General Discussion / Re: CCEDK Trading Team
« on: December 04, 2015, 04:10:16 pm »
Here are some strategies
https://cryptotrader.org/strategies

https://tradewave.net/help/trading
(Moving Average Crossover
Bollinger Band Mean Reversion
Honey Badger Ice Float
Breakout w/ Mathews Drop
OBV Lite 1.4
6 SAR Harmonica)

Are any of these anything more than automated astrology?

212
If exchanges use exchange.bts/exchange.fiat pairs then should be no problem.

Not currently possible, though. Smartcoins do not represent the underlying well enough - they are separate currencies.

213
However, it seems like the UIA issuer cannot collect market fee (in BTS!) from the trader who will be "receiving BTS" (a.k.a. UIA sellers) when a trade takes place. Why is that? Don't you think it's necessary for UIA issuer to be able to collect market fee from both the UIA buyer and seller, instead of the buyer only?

That would indeed be suboptimal. Can anyone confirm this is the design?

If this *is* the design, how can you expect existing exchanges to accept 50% less revenue when onboarding with bitshares?

214
General Discussion / Re: Bitshares UI 2.0.151202 released
« on: December 03, 2015, 10:30:41 pm »
In this new build all my imported accounts are gone. I only have the new one I created?

did you try ctrl+r ?

Must have been a dodgy connection - they appeared when I reloaded a while later :)

215
General Discussion / Re: Bitshares UI 2.0.151202 released
« on: December 03, 2015, 09:47:03 am »
In this new build all my imported accounts are gone. I only have the new one I created?

216
General Discussion / Re: Incentivising Liquidity
« on: December 02, 2015, 10:24:08 pm »
1. Place orders that sit on the books for at least X minutes if they get filled instantly (less than X min) we will assume you are trading against yourself to "MINE" "MAKER_SHARES".

Then the optimal strategy is to wait X+n minutes and then trade with yourself?

217
Technical Support / Re: Number of Witnesses
« on: December 02, 2015, 12:01:00 pm »
I've come to realise that the number of witnesses is irrelevant from the POV of decentralisation.

What matters is controlling stake. Right now, one account could vote out/in a majority of its own witnesses without any other intervention; essentially controlling the entire network.

218
As you said it, metaexchange "had the problem in exchanging bitBTC - BTC".  AFAIK, nobody - absolutely no businesses are pegging 1 bitBTC : 1 real BTC in the bitshares DEX.  But why?  IMHO, the risk of losses is probably too high to justify any profit.

Well, we canned it because demand was so low and costs were high - there was no way we could have priced it 1:1, because the cost of restocking our inventories was much higher than thqat. In the end it was something like 1:1.1 when we pulled support for it.

219
General Discussion / Re: Liquidity has a Price -> Adding Maker / Taker
« on: December 01, 2015, 06:51:51 pm »
BitUSD would become something worth at least $1.00 with a negative interest rate. A negative interest rate creates a net present value less than $1.00.   You could achieve the same thing by saying that BitUSD is worth at least $0.99 in which case all you are doing is shifting the price and doing nothing about the premium.

Under the positive/negative yield design, bitUSD holders would pay interest only when there is an oversupply and would *receive* interest when there is an undersupply. On average the net value would be $1.00.

220
General Discussion / Re: Liquidity has a Price -> Adding Maker / Taker
« on: December 01, 2015, 04:46:21 pm »
Suppose that open orders to sell BitUSD paid a yield in BTS that was significant. For a certain amount of yield we could find plenty of participants willing to short BitUSD and sell near the feed. All we need to do is define a budget and a payout equation that rewards those who are SHORT and have orders placed near the feed AND keep them there for a while.  An algorithm that is also efficient to implement will be required.

What about having longs pay the shorts the yield in times of oversupply and visa versa for undersupply?

221
General Discussion / Re: Discussing the problems with bitUSD (smart coins)
« on: December 01, 2015, 04:34:08 pm »
General rules:
1) When in oversupply, destruction (settling) should be incentivized
2) When in undersupply, creation (shorting) should be incentivized


I agree with your definition of the requirements, but the conclusion is just the current description of how bitshares works...and I'm not sure this is the only possible way it *could* work.

For example, starspirit demonstrated another model whereby supply and demand is controlled based on yield, where yield can be negative, such that holding bitUSD under a negative yield would naturally cause rational participants to reduce the overall supply of bitUSD, and likewise with an undersupply of bitUSD, a positive yield would have the opposite effect.

222
General Discussion / Re: Liquidity Proposal
« on: December 01, 2015, 02:50:39 pm »
Longs should pay the shorts a premium since shorts have more risk.  If you know of a a trust-less system such that longs and shorts have equal risks, please publish that -- that will be exactly what we should do. So far no one in the world has come up with such a system.

I would love to throw some ideas around in discussing such a system. I started a thread with the hopes we could get some ideas going a while ago: https://bitsharestalk.org/index.php/topic,20201.0.html

The really difficult part is the fungable longs; you can design a CFD long/short system with equal risk without (many) issues.

223
Thats what we need to figure out  :D i believe that the incentive of maintaining a good rep is better long term, but at the same time its True we would never know when someone could scam. Its something but not enough.

The only way around it is:

* design trustless systems

or

* make everyone onymous

224
It doesnt necessarily mean someone is onymous. You can have a reputation for handling businesses on bloclchain and earn your share without anyone knowing your real identity.of course every can exist scam at any moment but having a rep is also an incentive not to scam as long term you can end up doing more money.

Plus, no one is limited to one account
 You can have one.to handle your business or whatever you want to só with your rep and have another different account.  Then its up to you not to let yourself be linked to your rep account.

If you don't make everyone onymous, then reputation systems just encourage scams; since there is no penalty or consequences involved in running one in an anonymous system.

225
Reputation systems could open the door to a whole number of other things. We still have lots of stuff to do first, but would like to know what you think about this and how we could use it.

IMO reputation systems are the antithesis of cryptocurrencies - unless you make everyone onymous, and then you might as well be using the legacy banking systems.

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