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Sounds reasonable. I suspect we're going to change the frontpage somewhat and make it have a more unified vision but it will always be the wiki. If you wish to be given editing permission and haven't send me a pm. The main thing is I don't want to see good content fall through the cracks. Thanks for your contributions.
Quote from: jakub on August 28, 2014, 11:30:01 amQuote from: delulo on August 28, 2014, 09:14:55 amQuoteNow Bitshares X asks this question: can a prediction market successfully exist with no settlement date and no delivery of the underlying asset?If the answer turns out to be "yes" - that will be a major breakthrough.If the answer turns out to be "no" - then Bitshares X has a solid back-up plan: the use of an external feed to supply the btsx/USD rate into the blockchain. With the external feed the only risk for the system is low liquidity.How does the price feed provice/replace a settlement date and delivery of the underlying asset?That's a good question. This was my understanding of the discussion between bytemaster and sportscliche in this topichttps://bitsharestalk.org/index.php?topic=13.msg14#msg14I guess the external feed does not replace a settlement date but it does replace the delivery: in my understanding the feed is the final judge who decides whether it's been better to be short bitUSD or long bitUSD. But I would love to hear the opinion of someone wiser than me on that.The only purpose of the feed is to initiate the market and make sure no one abuses the 'not-yet-activate-due-to-just-started' market peg.From my understanding, the price feeds is only relevant for the first 1 hour .. after initialization .. after that 1hr-moving average will take over the price feed which limits the price for any SHORT order placed in between +-10% around the feed.
Quote from: delulo on August 28, 2014, 09:14:55 amQuoteNow Bitshares X asks this question: can a prediction market successfully exist with no settlement date and no delivery of the underlying asset?If the answer turns out to be "yes" - that will be a major breakthrough.If the answer turns out to be "no" - then Bitshares X has a solid back-up plan: the use of an external feed to supply the btsx/USD rate into the blockchain. With the external feed the only risk for the system is low liquidity.How does the price feed provice/replace a settlement date and delivery of the underlying asset?That's a good question. This was my understanding of the discussion between bytemaster and sportscliche in this topichttps://bitsharestalk.org/index.php?topic=13.msg14#msg14I guess the external feed does not replace a settlement date but it does replace the delivery: in my understanding the feed is the final judge who decides whether it's been better to be short bitUSD or long bitUSD. But I would love to hear the opinion of someone wiser than me on that.
QuoteNow Bitshares X asks this question: can a prediction market successfully exist with no settlement date and no delivery of the underlying asset?If the answer turns out to be "yes" - that will be a major breakthrough.If the answer turns out to be "no" - then Bitshares X has a solid back-up plan: the use of an external feed to supply the btsx/USD rate into the blockchain. With the external feed the only risk for the system is low liquidity.How does the price feed provice/replace a settlement date and delivery of the underlying asset?
Now Bitshares X asks this question: can a prediction market successfully exist with no settlement date and no delivery of the underlying asset?If the answer turns out to be "yes" - that will be a major breakthrough.If the answer turns out to be "no" - then Bitshares X has a solid back-up plan: the use of an external feed to supply the btsx/USD rate into the blockchain. With the external feed the only risk for the system is low liquidity.
We translated the article into Chinese version. Hopefully you don't mind. http://www.bts.hk/eli5-for-bitshares-x.html
Quote from: metalallen on August 29, 2014, 08:32:07 amWe translated the article into Chinese version. Hopefully you don't mind. http://www.bts.hk/eli5-for-bitshares-x.htmlThat's fantastic.I don't know Chinese but I'm guessing you used the version from yesterday which used the "contract for difference" concept. Today I amended the text in Chapter 5 to make it simpler and in this new version no reference to "contract for difference" is needed.Also I added some small changes in Chapter 8.
I've improved the text by eliminating the "contract for difference" concept. As I understand it better now, it turns out it's not needed at all, it only obscures the picture. So chapter 5 is quite simple now, even for me.