Quote from: GaltReport on September 04, 2014, 04:41:18 pm

Quote from: Riverhead on September 04, 2014, 04:09:39 pm

Quote from: bytemaster on September 04, 2014, 03:44:52 pm

I think early on it will be helpful for feeds to be published every 4 hours.  The market is still thin and 4 hours is a lot of time with the volatility of BTSX.

I updated mine to every 4 hours and only if changed by more than 5% from previous update.

I updated mine to every 4 hours (and adjusted the fee  )

I think we need tighter tolerances to enforce the peg better.   Update if changed by more than 1%.  Right now shorts are selling at 3% above.

I update it regardless every 4 hours.  Is that okay?

  Sounds like a plan!!

Quote from: liondani on September 04, 2014, 01:09:37 pm

Quote from: Riverhead on September 04, 2014, 12:10:29 pm

I set mine to only run every 12 hours. Maybe that's not frequently enough for the market. The original plan was for every 24 hours.

it would be not frenquently enough if all delegates published the fees the exact same time every 12 hours!
So I think it's ok, knowing the publish time differs for many reasons between delegates...

I think early on it will be helpful for feeds to be published every 4 hours.  The market is still thin and 4 hours is a lot of time with the volatility of BTSX.

Any plan to eliminate fees for publishing price feeds?

Interest is extremely hard to implement in an explicit manner because accounts are heavily divided and payment periods are continuous. 

A BitAsset can be defined any way that is easily calculated.  The challenge is "what interest rate should we set"?   

If you set a "fixed interest rate" then it is possible for the interest to be "too high". 

Imagine a BitAsset that paid interest equal to 25% of the growth of BTSX but had a floor pegged to the dollar.  It can "lock in" the gains on a daily basis.     

So you buy $100,000 USD + 25% of BTSX growth...
BTSX doubles....   your USD investment is now worth $125,000 
BTSX halves... your USD investment is still worth $100,000

By sharing the "upside potential" with the USD holders you create huge demand.

Now once again this is price fixing ratio of profit sharing... so could have other side effects. 

Would you buy an asset that was "pegged" to daily BTSX upside growth with the shorts taking all of the downside risk?

Yes, as long as I can sell it. 

Okay.  July 21, 2014 I see price of .00002125 BTC from coinmarketcap.com 180 day chart. From coindesk.com I see a BTC price of $620 on that day so I think it comes out to $.013175 per BTSX.

Best I can do for now.

Edit:  Even lower the next day, July 22, 2014: .00001598 BTC and BTC $618 for $.00987564 per BTSX.

Quote from: GaltReport on September 03, 2014, 09:38:56 pm

Quote from: Brent.Allsop on September 03, 2014, 09:35:48 pm

Quote from: bitcoinerS on September 03, 2014, 09:33:33 pm

Quote from: tonyk on September 03, 2014, 09:24:13 pm

I believe the average person 'bought' the initial shares for less than $0.005

I doubt it. Closer to $0.01 average for initial shares.

Can you provide some justification for this, which everyone will accept as fact?

He is correct.  It was about $.01 or less.  I had no initial shares so I had to buy.

Think that would hold up if I added that to wikipedia? "The opening prices of "bitsharesX was less than $.01, and we know this because GaltReport claimed it, and he knows because he didn't get any genesis shares so he had to buy afterwords."

Where are you guys getting these numbers?

Brent

I will leave it at that.  

Maybe someone else can provide wikipedia quotes for you.

Through most if Bitcoin's history, it increased in value an order of magnitude in price 7 times, and all but one of those was in almost exactly 6 months.

See this historical graph:

http://canonizer.com/topic.asp/154/2

I'm assuming the reason it has stopped this progression is because of Bitcoin 2.0, primarily BitsharesX.

And it seems that Bitshares is taking up this 10 times increase every 6 months where Bitcoin left off.

After all, most of us purchased our Genesis block Bitshares at around $0.005 per share right?  And the first bubble easily made it past $0.05 in about 6 months time.

My prediction is that it will hit $0.50 per share in less than 6 months, and that this rate will continue for some time.  Anyone have any arguments for a different view?

Also, just as I've been predicting, the price of Bitshares would be depressed until the Either sale ended, many people taking their 10 times profit and rolling into Either.  Now that is over, the price looks like it is starting to move again.

Bolded part is quite plausible.  I compared the graphs for bitcoin and bitshares the last 30 days.  bitcoin starts dropping about a week before bitshares started it's climb.

So...


1) People are too in debt to spend money because for the last 20 years banks have given our credit like candy
2) To encourage people to spend more they're going to increase interest rates making that debt much more expensive.
3) Wait...what is number three?

3) Global economic collapse, massive new wars/enemies and further implementation of homeland "security" to "protect us" as well as forced medication/vaccination also to "protect us" from new pandemics, disagreeing with the government/authorities and any other inadvertent lapses into critical thinking. They are going to go all out. Expect it

Nah, just kidding.  It will be great.