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After reviewing the design of margin trading on Poloniex I think we can do the exact same thing on BitShares.
Quote from: bytemaster on November 05, 2015, 07:54:47 pmQuote from: clout on November 03, 2015, 03:44:13 pmCan't prediction markets be implemented using private bitasset markets?Yes, they are already supported just need the GUI to manage it.In that case lets go prediction markets if it is easier.
Quote from: clout on November 03, 2015, 03:44:13 pmCan't prediction markets be implemented using private bitasset markets?Yes, they are already supported just need the GUI to manage it.
Can't prediction markets be implemented using private bitasset markets?
I'd vote for bond markets, but not @bytemaster's design for them; they need blockchain driven margin calls, or their not worth implementing IMO.
I think the order matching rules are pretty good right now. It seems to be standard (same as other exchanges).The margin trading using the current orderbook to determine whether or not to execute sounds like the right way to go. My question is how does it bootstrap?If I lend funds to someone when there is no order book, then it is impossible to "call".
Quote from: Akado on November 03, 2015, 02:45:08 pmWouldnt a bond market bring in more liquidity? Plus we would always be under the shadow of augur so... The optimal decision would be to go for bond markets? I dont know however, the level of difficulty achieving each one of those tasksI'd argue no because Prediction Markets would bring numerous arbitrage opportunities between Augur and Bitshares. They both would have to reflect the same prediction price, if not there is opportunities for somebody to make a profit. This is self rewarding. Meaning more transactions on the network. Also why would we be in the shadow of Augur. Our system is faster. Similarly there is plenty of room for Augur and Bitshares.
Wouldnt a bond market bring in more liquidity? Plus we would always be under the shadow of augur so... The optimal decision would be to go for bond markets? I dont know however, the level of difficulty achieving each one of those tasks
Quote from: topcandle on November 03, 2015, 03:50:52 pmQuote from: monsterer on November 03, 2015, 03:43:36 pmThe reason I vote bond markets is that you can emulate prediction markets using privatised bitAssets. The feed price becomes the oracle. You cannot do the same thing with bond markets.The thing is you can only do binominal type outcomes. There is no scalar type outcomes. Eg. Bitshares = Republicans will gain >200 seats in the House and Senate?Augur = How many seats will Congress gain in the house and the senate?This is a big downside because your missing out on all the sports, financial statistical type questions. Thats not true at all. Bitassets are not binomial markets.
Quote from: monsterer on November 03, 2015, 03:43:36 pmThe reason I vote bond markets is that you can emulate prediction markets using privatised bitAssets. The feed price becomes the oracle. You cannot do the same thing with bond markets.The thing is you can only do binominal type outcomes. There is no scalar type outcomes. Eg. Bitshares = Republicans will gain >200 seats in the House and Senate?Augur = How many seats will Congress gain in the house and the senate?This is a big downside because your missing out on all the sports, financial statistical type questions.
The reason I vote bond markets is that you can emulate prediction markets using privatised bitAssets. The feed price becomes the oracle. You cannot do the same thing with bond markets.