Here is what I have implemented as an intermediate step:

1) If delegates publish a feed, then the feed will be used rather than the average.  In this way if there is a service interruption on the feed, then the network can still function like it does today.

2) This puts the "shareholders" in control over whether to use feed or average.

3) I have restricted the creation/execution of new shorts to the median / average price.

Result... those who have USD have priority in selling over those who would like to short.   This adds liquidity for those with USD by removing competition from those looking to short. 

Next we are going to open up a second bitasset so that "short demand" can spread between two BitAssets and the bitassets can trade against one another. 

I believe this should implement your proposal without the arb. bot.   

what happens if you publish a feed but don't update it?

Quote from: Shentist on August 28, 2014, 09:00:59 pm

don't hurry. it is to early to make a decision.

it is normal that in the beginning every one expects that btsx is rising, but maybe in the future everything will balance out. the importent thing is - 1 bitUSD == 1 USD

Yep... the price is holding up fairly well thus far.

BM, can you answer my question about whether there is an equivalent thing or person that performs the function of the arb bot that you described, as part of the structure of the stock market other than just traders?  This is for my education please.

Is their a real-world equivalent of this bot?  Not being that knowledgeable about exchanges and market, it might be more palatable if there is an existing exchange function in the real world performing the equivalent function that you could explain. To the lay it just sounds like price controls.

Great interview!

I don't think Brian was ideal for marketing BitShares within the alt-coin demographic early on, but now that it's getting to the stage where it can go mainstream, especially after listening to that interview, I think you'd struggle to find someone better. Very exciting!

What impressed me was the realization, correct in my view, that it's time to reach out beyond just typical crypto marketing techniques and learning from and using top of the shelf internet marketing folks.

Since 0.4.9, I've been completely unable to access the BitUSD market... I can only guess as to what is happeing, but it sounds like BitUSD is getting heavily shorted.

I have a possible explanation: It would appear the BTSX market has bottomed, and many traders feel that a strong rebound in price is now imminent. The Chinese have been calling for 0.18 CNY for days, and their target has finally been hit. It's an important technical level, and strong support has been shown. It seems to me that traders with a high level of confidence in a large price increase seem determined to short at almost any price, and people just can't place bids fast enough to keep up with it. We just don't have enough players in the game -- yet.

It's speculation of course, but I wanted to mention this so that people can see there isn't necessarily anything "wrong" with the way the market is operating -- we just need more people to be active in this market. This doesn't happen overnight, especially with the technical issues we've seen. With more participants, I can't see why the peg wouldn't hold.

After the wallet is working better, I am sure all will be well in time. I have every bit of confidence that these bugs in the wallet will be ironed out, so I'm not too concerned about that.

For sure, the wallet issus are affecting the market.  Not sure if it should really be operating when it seems that many people can't access it.  I was using it all the time but have spent the last day it seems trying to get a working wallet.  0.4.9a is still 17 days behind and going SLOW and crashes when I try to do things in the console or check my delegate...Can't be surprised to see perverse effects as a result.  My only question is if this is an accident or part of someone's plan?  I also see some perverse pricing in bter. 

When you spend time trying to move in and out out BTSX, BitUSD and BTC or USD, you eventually feel like you are moving in a circle.  That's why we need to get stable and in more exchanges so that there are more options for people.  "One" can only control so many things.  Easiest if you are limited in your options.

Either the testing and/or change/release mgmt. is bad or maybe there is something intentional going on.  Maybe the market should be paused?

Quote from: puppies on August 28, 2014, 06:15:33 pm

any particular reason that I have been voted out?

(mine too) look like a bunch of inits were brought in

Me as well.

Please vote me back in.

Quote from: doxymoron on August 28, 2014, 06:33:09 pm

Still getting "Not Connected" with 0.4.9-a

So am I.
0.4.9-a on Windows 7 does not connect.

I got that too but if you let is "sit" it seems to start synching...slowly...

I had initial crash as well.  Removed all files except wallet and am now on the slow synch path....fingers crossed.