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General Discussion / Re: Smart markets
« on: April 06, 2016, 01:53:19 pm »
Maybe Bitshares needs smart markets and combinatorial auctions as a way to solve the liquidity issues and also for efficiency.
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Smart markets replace multiple double auctions with a sophisticated combinatorial auction as the core mechanism (Phase 2.0).[n] Because double auctions simply sort bids and asks, they are only capable of bilateral order matching on two-sided order books. And since double auctions can only do bilateral order matching, multiple securities must be traded in parallel on disconnected, two-sided order books; an arrangement that fragments liquidity. In contrast, combinatorial auctions solve complex optimization problems, so they can perform multilateral order matching on a united, multi-sided, combinatorial order book. Since multilateral order matching on a combinatorial order book enables multiple securities to be traded together in the same combinatorial auction, smart markets aggregate liquidity.http://cdetr.io/smart-markets/
In startups the RPE is an important metric to determine how efficient the work by the employees is. In our case we have workers but do we have metrics to track how much revenue each worker might be bringing into the Bitshares ecosystem?
For example if the revenue goes up after a certain feature or certain proposal then we know it's having a positive effect. Other changes might result in a loss of revenue or lower volume. So we would want to focus on features which increase volume and through A/B testing we can determine which features are effective.
http://www.investopedia.com/terms/r/revenueperemployee.asp
Though it's not revenue. I think the winner would be Fox in terms of adding/doing something that added value to BTS relative to cost.
His efforts to get BTS added on Azure, gave BTS it's highest volume day in history, (>$6 million)It took us from $10 million to >$20 million at the peak in less than a week and even after the drop off, BTS was/is circa 40% higher. I'm not sure he was even paid for his efforts.
Tell me, why on god's green earth would Graphene be trending on Github? What other crypto project code base is trending? Unless I'm missing something, there aren't any. So what is the point of this thread? And @Thom, I'm sure some of your points are valid. But why are you giving credibility to this bogus thread. What am I missing?
I believe he's just comparing it with Ethereum. It has many devs working, each on their own stuff while on BitShares we have only a handful of people.
Just comparing it with Ethereum. Ok. So we'll just wait for @luckybit to show us where Ethereum is "trending on Guthub". This should be interesting.
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The DEX has a serious flaw that is killing user adoption. It is simply way too confusing with all of the different versions of the same assets (primarily BTC, USD, CNY), and all of the associated different versions of the same markets. It's a major mess and I can't prove it but I would bet my life that adoption and usage are suffering dramatically.
But there's a relatively easy fix. What if we had the concept of "primary" and "secondary" markets...and each registrar could specify for their own users which markets fall into which category. So right now on the trading page we have 2 markets tabs: 1) My Markets and 2) All Markets. What I'm proposing instead is that we could have a "Markets" header with 3 tabs labeled: 1) Favorites, 2) Primary, 3) Secondary. The "Primary" markets would be a short list of markets designated as primary by the registrar. "Secondary" markets would be everything else. And "Favorites" would obviously be those starred by the user. This way the list of markets can be "cleaned up" so it's not confusing for users.
This solution would be very easy to implement yet would help improve adoption, and hopefully inch us a tiny bit further into the adoption/liquidity virtuous cycle we're painstakingly striving toward. Thoughts?
I think the MIT Enigma project is rather interesting for privacy. I don't know how the Hyperledger project will work as it seems to be aimed at private chains (well at least the participants are)