I've been thinking about creating some fun, novel market pegged assets, and I'd like your feedback:
Brownian motion
This is a random walk, priced between 0 and 1 BTS. This would allow gamblers to use the bitshares wallet without modification to bet their BTS on random chance using the existing market mechanisms.
London temperature
Feed price tracks the temperature in London in real time, again priced in BTS (fahrenheit so we don't have less than 0 - could use kelvin, of course) . At first glance this seems absurd because it is largely predictable, but I think this could lead to some very interesting behaviours.
Bitcoin hash rate
Feed price tracks the bitcoin hash rate
Games100 index
Tracks computer game sales for the top 100 computer games
Film100 index
Tracks film sales for the top 100 grossing films
The last couple might be hard to get decent data from, but the first lot should be a breeze. I'd love to hear what you think about this?
Cheers, Paul.
Those are all good ideas. I also appreciate all you have done so far with metaexchange.
That being said, I think you are falling for a trap way too common for the whole Bitshares project - before finishing one thing, we jump on the next even greater idea.
What I mean is currently there is virtually no way for someone to use metaexchange for the BTC -> bitBTC pair. The amount offered is up to "Maximum 0.00439283 BTC per transaction", which is simply laughable.
I believe you should seek ideas how to improve that (Using some delegate pay? or shorting to yourself if you have the funds? or better hedging your BTC/bitBTC positions in general) but just leaving the volume at that level is unacceptable, imo.
Just my 0.02 BTS
just sell us bitBTC so we have some!
maybe you already know, but for a couple of weeks you couldn't short on the internal markets, so we are not able to buy bitBTC.
Seriously???
I might be notorious for having a big mouth, but none will blame me for speaking nonsense (and provide proof of such behavior).
Actually what drives me the most crazy is BS talk like the one above. Arrogant, nonsense, fools talk as I call it.
Where should I start?
- It is not my business to provide you with liquidity
but I for sure will do it if this is your only problem!
- I am not (supposedly) running a bridge service like you and leaving the main trading pair with no liquidity.
but if you want me I will explain in great detail how to hedge the BTC:bitBTC pair (laughable hedge, I get the irony); that will be of course insuring much bigger volume so you can collect the 2.8% fee on that.
- Yes, I am aware of the market engine bug that stopped the trading in several markets. (I will not comment on the inaccuracy of 'for couple of weeks')
but I am also aware of the exact time I single handedly resolved the glitch in that particular market....( and no, I did not do it to gain anything from it)... which leads me to ask - why did you not do it yourself? You being the 100% paid delegate and a bridge providing that pair? Do you do something just because it is good for the BTS ecosystem if it does not benefit you directly?
So I have clear knowledge that for more than a day after the issues was resolved, you have done nothing to provide liquidity to bitBTC/BTC pair for you bridge.