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You just have to convince delegates to update their scripts to publish the feed. I think you want the feeds about 20 times per min to be most effective..
MPE can not be brought into existence by one person (an issuer). Like you said above it needs delegates (51) to publish a price feed for a MPE. Anyone can create a market pegged asset. But to bring open a market for it in the Bitshares client it needs at least 51 price feeds for that MPE. Check out http://bitsharesblocks.com/assets/market
QuoteAn UIA is issued by a registered user, an MPE is the "price feed asset that magically comes to life". I hope I got it rightThat's about rightI must say it's not quite easy reading
IUA = retains its value through collateral held by a the issuer. Collateral is 100% (normally). Collateral is held in Nike Inc. shares if the IUA represents Nike shares.
MPE = Collateral held by blockchain / the logic of the Bitshares software. Collateral is 200 - 300%. Collateral is always BTS for any MPE. Price feeds and 30 day maturity is what secure the peg.
What you suggest would require integration with the whole financial infrastructure, the payment of mega-fees to the companies that control those exchanges, and all kinds of government securities and financial licensing. If BitShares gets into stocks, it would be with BitAPPLE and BitNIKE, etc., a layer of play money that the market would use to track such securities. And in fact, anyone can create their own UIAs within BitShares right now.
No, the price feed is what ultimately makes sure that 1 BitUSD can be sold 1 USD. The article I linked above explains it nicely, there is a section about the price feed.As I understand it it would only take a (or multiple? how many?) trusted delegate to "feed" the "price" of an external asset (such as NIKE) into the blockchain. And then the market pegged asset would come to "life". Doesn't understand the details yet, I'm just trying to get the big picture at the moment
Such a stock exchange gateway would be possible. I'd say Bitshares would not have to get into any regulatory compliance procedure, just the gateway. Sounds like a nice idea and is definitely possible.
Are you familar with the difference between UIA and MPE?
I must say it's not quite easy reading It's not faith, it's a profit motive.Well, I would've agreed with you 15 years ago. But that's another story and way off-topic.
Prediction markets seek the truth
I hope I'm on the right sub-boardNow yet.
I'm reading into BitShares right now and wonder if there are any gateways or exchanges to buy/sell stocks (NYSE, ASX, FTSE, DAX, ...) on the BitShares client?
If you mean stocks (shares in a company) then that is only possible if the company issues it's stock over the Bitshares platform which would be possible today (but not super practicable yet because fiat gateways are not there yet and the wallet should get a bit more user friendly.
If you mean indices that would be possible today with market pegged assets (see http://bytemaster.bitshares.org/article/2014/12/18/What-are-BitShares-Market-Pegged-Assets/) if there are at least 52 price feeds for a specific index and some liquidity to trade.
