Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - Markus

Pages: 1 ... 9 10 11 12 13 14 15 [16] 17 18 19 20 21 22 23 ... 25
226
General Discussion / Re: some dude wants a fork even before the official bts x is released :))
« on: March 06, 2014, 06:55:04 am »
Quote from: barwizi on March 06, 2014, 06:17:49 am
Stan's Ten laws at work. And this guy wont even honor PTS holders a single iota.   :P

No? This sounds like they will honour PTS and AGS with at least 10 % each:

Quote
All of the BTF will be separation to 10,000shares,if you own one shares,you will get 400k BTF. Our team will own 200shares, for Dev,for marketing and some free giveaway. 1,000 shares for PTS holder, 4,000 shares for AGS holder. 4,800 shares for IPO.

10 % PTS
40 % AGS
50 % premine of which 96 % sold to Bitcointalkers and 4 % kept

Does anybody else think moving the decimal mark is a major improvement justifying a fork? :)

227
General Discussion / Re: Script to calculate BitAsset prices
« on: March 04, 2014, 11:38:50 am »
Quote from: luckybit on March 04, 2014, 11:18:34 am
Quote from: bytemaster on February 25, 2014, 06:19:33 pm
Now we just need to identify an automated trading algorithm that can do the following:

Calculate the average price of BTS normalized across all assets (weighted) and then sell the assets above the average and buy the ones below.  This trading engine should be open source and throughly reviewed. 

I think we should discuss potential algorithms and try it out.   If things work as I expect then the ratio of BitGLD to BitUSD to BitSLV should mirror the real world ratios and any discrepancy should indicate a buying or selling opportunity.

This should be built into the Bitshares client itself.

If everybody used the same trading algorithm you would get thousands of identical orders. You need some kind of randomisation for this to work as a standard.

228
General Discussion / Re: On Marketing and Priorities
« on: March 04, 2014, 04:56:36 am »
The basic idea seems to be similar to MyHammer, right?
http://www.myhammer.co.uk/
http://www.my-hammer.de/

229
General Discussion / Re: BitShares XT - Security against Market Manipulation FIND ATTACKS FOR TIPS
« on: March 04, 2014, 04:46:49 am »
Quote from: alt on March 04, 2014, 12:05:06 am
A new solution for  The SIDS Attack, I think this solution is perfect.
Don't need time limit or deep limit or price limit for the whole BTS net.

We just need  to lock the transaction with create bitusd for 24 hours.
If margin call executed during the lock period, the only thing we need to do is change the output of this tranaction, give all backup xst to the bitusd buyer, destroy the  bitusd and short positions.

If someone issue themselves $1 billion BitUSD as a long position with a short position of $1 billion BitUSD backed by 1 BTS.  When margin call execute, the short positions should be coverd with these locked BitUSD, no BitUSD can be created.

This solution is from ssjpts.
Quote from: ssjpts on March 03, 2014, 01:17:38 am
如果锁定买卖双方的XTS-BITUSD这个单子1小时，出现爆仓的情况就需要买卖双方共同承担，也就是问题里说的万亿BITUSD也要爆仓。使得恶意购买BITUSD被市场共识瓦解。按5分钟一个块，1小时内有12个块。肯定会有相对合理的市场交易买卖，一但出现这样的买卖，都要对之前的买卖进行核对爆仓处理。这样不知道是否可行？

This would also mean that the newly created BitUSD could neither be spent (transferred to another address) nor the position closed within the first 24h. Not a very good idea in my opinion.

230
General Discussion / Re: yBitcoin Magazine: Daniel Larimer - A Passion For Freedom via Decentralization
« on: March 04, 2014, 12:32:34 am »
Cool. Where can we get page 14?

Edit: https://bitsharestalk.org/index.php?topic=3370

231
General Discussion / Re: Currency as a Unit of Account
« on: March 04, 2014, 12:22:35 am »
Quote from: clout on March 03, 2014, 09:32:21 pm
I think that a future chain of bitshares should incorporate assets that are inflation-indexed so as to maintain their purchasing power even as the local currencies depreciate.

Well that's easy. What about BitBread or BitHourofwork? (of course with a proper definition of "bread" and "hour of work")

232
General Discussion / Re: BitUSD as collateral
« on: March 04, 2014, 12:18:55 am »
Quote from: biophil on March 03, 2014, 02:43:50 pm
One thing that could cause trouble with this is that at any time, if you hold BitUSD, you're subject to having your BitUSD automatically replaced with XTS, because margin calls can happen at any time.
This is wrong. There are no margin calls for long positions.


I am strongly in favour of the proposal (to use any BitAsset as collateral). This is one of the major features missing in BTSX.
It would induce higher volatility of BTSX but it would also increase its value as the collateral-BitAsset would have to be created before by somebody using BTSX as collateral.

233
BitShares PTS / Re: Price
« on: March 03, 2014, 03:15:55 am »
Quote from: Darkbane on March 03, 2014, 01:15:27 am
Quote from: Markus on March 02, 2014, 11:12:40 pm
Quote from: Zeus on March 02, 2014, 10:35:39 pm
I don't want to complain about the huge price drop, since I am still a believer and support I3.

This is not a price drop. PTS is just trading ex-dividend. BTSX are the dividend.

this is not accurate exactly... there is an estimated drop in value as things even out between the two... however the speculation is 1 BTS will be worth $12 since 1 PTS is worth $6 which would then equal the $18 it was before the big sell off after the 28th... this all remains to be seen yet... and nobody can confirm or deny it really... we just don't know...

1 PTS gave you about 1.28 BTSX, so (using your figures) this means 1 BTSX should be worth about $9.38 or all of them together 37.5 million $. Since that is about what Mastercoin is worth I don't think it is unreasonable to assume.

234
BitShares PTS / Re: Price
« on: March 03, 2014, 03:10:47 am »
Quote from: toast on March 03, 2014, 01:16:47 am
Just curious, would it be legal for me to issue a security like "This certificate is worth $100 if toast chooses option A, and $50 if toast chooses option B. Toast will just decide whatever he feels like on date XX."? Would it be legal for me to trade this?

Depends on where you are. Everything is legal somewhere. Well, nearly everything.

235
General Discussion / Re: On Marketing and Priorities
« on: March 02, 2014, 11:17:05 pm »
Quote from: AdamBLevine on March 02, 2014, 10:38:30 pm
We had a bitcoin meetup yesterday in napa, had 9 people show up.  Every person there knew about Ethereum, NXT, and Mastercoin.  Four of them knew about Counterparty, one knew about eMunie.    None of them knew about Protoshares, Bitshares or Invictus innovations.   When I explained to them about the bitshare snapshot they were all interested but unfortunately they didn't know about it, seven of them were LTB listeners

I think this is great news. Sounds like there's huge upside potential for BTSX, now that the snapshot is taken.

236
BitShares PTS / Re: Price
« on: March 02, 2014, 11:12:40 pm »
Quote from: Zeus on March 02, 2014, 10:35:39 pm
I don't want to complain about the huge price drop, since I am still a believer and support I3.

This is not a price drop. PTS is just trading ex-dividend. BTSX are the dividend.

237
BitShares AGS / Re: AGS to BTC estimated conversion
« on: March 02, 2014, 11:09:31 pm »
0.008 BTC (per BTSX)

238
General Discussion / Re: Introduction to BitShares - Video
« on: February 27, 2014, 01:47:41 am »
Quote from: pariah99 on February 27, 2014, 12:29:09 am
If there's a difference between the (PRICE OF OIL) and the (BitUSD to BitOil ratio), that would present an arbitrage gap which traders could take advantage of to make a profit.  Eventually, the gap would close as more trades were made; hence, the price would tend towards the real-world equilibrium.
If the kind of asset the BitAsset is to track is defined fuzzy ("Oil" instead of "Brent Crude as traded on the IntercontinentalExchange") then arbitrageurs and other market participants can not provide a narrow tracking as they don't always know if it is over- or undervalued. Spreads will widen and the BitAsset market will be less liquid.


Quote
Edit: This was in response to both delulo and unlimited_power.  I just realized that what they were asking was regarding what the unit of BitOil was, which I'm guessing is in barrels.
Of course it will have to be exactly defined how much of the asset one BitAsset equals. I don't think it will be any good to let the market agree on a consensus whether BitOil is one barrel, one tonne or one litre of oil.

Which leads to the question, will BitShares use American (troy ounces, blue barrels, bushels, short tons, US gallons, British thermal units etc.) or International (grammes, kilogrammes, tonnes, cubic metres, joules) units?

239
General Discussion / Re: BitShares X Status Update
« on: February 26, 2014, 11:22:37 pm »
Ah, now I get the difference.

So there are overlapping bids and asks (market fees) and lost keys destroying long positions and margin blowouts destroying short positions. And the hope is they will cancel each other out.

Quote
In the event that the market wants to completely unwind all short positions, then the holders of BitUSD will profit nicely.
BTW, I don't think this should be called nice. This is the perfect breeding ground for a huge short squeeze. And short squeezes undermine trust, no matter if some people might profit or not.

240
General Discussion / Re: BitShares X Status Update
« on: February 26, 2014, 11:29:32 am »
Quote from: bytemaster on February 26, 2014, 08:06:33 am
Quote from: gulu on February 26, 2014, 08:03:50 am
As depicted in the whitepaper, BitUSD will be destroyed over time due to fees. That means there exists excess XTS backing BitUSD. The theory states that if the backing XTS is more than the original amount, BitUSD will trade with a premium over USD, effectively paying dividend to the BitUSD holder. This also serves as the motivation to hold BitUSD.

Here is the concern. We need a channel to connect the excess XTS to the existing BitUSD, in order for the market to perceive that a BitUSD indeed is more valuable than a USD. In other words, the excess XTS will somehow need to be cashed out. Otherwise, if it stays within the system for ever, then it only provide more security for holding BitUSD against short squeeze. Other than that, it is no more than a notion, and as a results BitUSD price stays with USD, which voids the motivation for holding BitUSD.

Something could be done here, but I am not sure what.

Is that still true that transaction fees can be payed in BitAssets which then will be destroyed?

I thought, that if an account wants to perform a transaction and does not have enough BTSX to pay for the fee, then an amount of BitAsset will be automatically sold on the market to obtain those BTSX for the fee?

If really BitAssets are destroyed, won't this cause an undesirable overhang of short positions long term?

Pages: 1 ... 9 10 11 12 13 14 15 [16] 17 18 19 20 21 22 23 ... 25

Page created in 0.024 seconds with 23 queries.