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What are the witnesses currently using/doing for their BitBTC price feed? I'd like to suggest they use that "Code" towards a feed for BitETH Smartcoin and other top alts.Anyone know?
Recent activity (export to .csv)OPERATION INFOUPDATE PROPOSAL elmato updated a proposed transaction2 days agoUPDATE PROPOSAL elmato updated a proposed transaction3 days agoPUBLISH FEED elmato published feed price of 0.09958572 bitCAD/BTS4 days agoPUBLISH FEED elmato published feed price of 8.9680611 bitJPY/BTS4 days agoPUBLISH FEED elmato published feed price of 0.08076134 bitUSD/BTS4 days ago
喂价 – BITUSD/BTS 汇率 – BITUSD/BTS 维持保证金比例 强制平仓比例上限 发布人 发布时间0.07742284 0.07819706 175% 110% mr.agsexplorer 13秒钟前0.07412906 0.07803096 175% 110% fox 2分钟前0.0680385 0.07144043 175% 110% openledger-dc 3分钟前0.0746279 0.09328488 175% 110% wackou 3分钟前0.0747726 0.078708 175% 110% sahkan-bitshares 3分钟前0.07305264 0.09131737 175% 110% in.abit 6分钟前0.0747603 0.07869505 175% 110% verbaltech2 10分钟前0.0747902 0.07872653 175% 110% delegate.btsnow 14分钟前0.07477299 0.07552073 175% 110% elmato 20分钟前0.0747975 0.07873421 175% 110% blckchnd 21分钟前0.07480131 0.07554933 175% 110% delegate.ihashfury 24分钟前0.07443373 0.07517807 175% 110% crazybit 24分钟前0.07455047 0.07529597 175% 110% rnglab 27分钟前0.07524752 0.076 175% 110% xeldal 27分钟前0.07443059 0.09303824 175% 110% harvey-xts 29分钟前0.07390831 0.08868998 175% 110% delegate.baozi 33分钟前0.07415871 0.07490029 175% 110% roelandp 34分钟前0.07427646 0.07501922 175% 110% witness.yao 35分钟前0.07363109 0.09203886 175% 110% delegate.freedom 35分钟前0.07380074 0.09225111 175% 110% delegate-1.lafona 37分钟前0.07507602 0.07582678 175% 110% xn-delegate 38分钟前0.07358962 0.07746329 175% 110% bhuz 44分钟前0.07307043 0.08596855 175% 110% abc123 1小时前0.07308916 0.09136269 175% 110% xman 1小时前0.07552631 0.07628157 175% 110% delegate-clayop 11小时前0.07277013 0.07349783 175% 110% witness.still 14小时前
remove my vote for wackou
remove my vote for wackouadd roelandp backCode: [Select]喂价 – BITCNY/BTS 汇率 – BITCNY/BTS 维持保证金比例 强制平仓比例上限 发布人 发布时间0.60169556 0.60771252 175% 110% elmato 42秒钟前0.5995742 0.62955291 175% 110% mr.agsexplorer 57秒钟前0.57023927 0.59875123 175% 110% openledger-dc 1分钟前0.520319 0.54770421 175% 110% delegate.btsnow 1分钟前0.4112 0.514 175% 110% wackou 4分钟前0.56505956 0.70633182 175% 110% in.abit 4分钟前0.5774741 0.72196197 175% 110% xman 7分钟前0.57827193 0.68032435 175% 110% abc123 9分钟前0.52592766 0.55360963 175% 110% bhuz 11分钟前0.53325145 0.53858397 175% 110% xeldal 21分钟前0.53160863 0.66451079 175% 110% delegate-1.lafona 22分钟前0.6005375 0.720645 175% 110% delegate.baozi 24分钟前0.52974457 0.66218072 175% 110% delegate.freedom 25分钟前0.60645839 0.61252296 175% 110% witness.yao 30分钟前0.60702599 0.61309625 175% 110% delegate.ihashfury 31分钟前0.488 0.61 175% 110% rnglab 33分钟前0.60502316 0.61107338 175% 110% witness.still 34分钟前0.52737709 0.53265086 175% 110% crazybit 37分钟前0.522844 0.55036211 175% 110% verbaltech2 39分钟前0.5323 0.56031579 175% 110% sahkan-bitshares 43分钟前0.5305 0.55842105 175% 110% blckchnd 49分钟前0.58914041 0.59503183 175% 110% roelandp 51分钟前0.52055171 0.5479551 175% 110% fox 1小时前0.5997671 0.60576477 175% 110% xn-delegate 1小时前0.51790808 0.6473851 175% 110% harvey-xts 10小时前
喂价 – BITCNY/BTS 汇率 – BITCNY/BTS 维持保证金比例 强制平仓比例上限 发布人 发布时间0.60169556 0.60771252 175% 110% elmato 42秒钟前0.5995742 0.62955291 175% 110% mr.agsexplorer 57秒钟前0.57023927 0.59875123 175% 110% openledger-dc 1分钟前0.520319 0.54770421 175% 110% delegate.btsnow 1分钟前0.4112 0.514 175% 110% wackou 4分钟前0.56505956 0.70633182 175% 110% in.abit 4分钟前0.5774741 0.72196197 175% 110% xman 7分钟前0.57827193 0.68032435 175% 110% abc123 9分钟前0.52592766 0.55360963 175% 110% bhuz 11分钟前0.53325145 0.53858397 175% 110% xeldal 21分钟前0.53160863 0.66451079 175% 110% delegate-1.lafona 22分钟前0.6005375 0.720645 175% 110% delegate.baozi 24分钟前0.52974457 0.66218072 175% 110% delegate.freedom 25分钟前0.60645839 0.61252296 175% 110% witness.yao 30分钟前0.60702599 0.61309625 175% 110% delegate.ihashfury 31分钟前0.488 0.61 175% 110% rnglab 33分钟前0.60502316 0.61107338 175% 110% witness.still 34分钟前0.52737709 0.53265086 175% 110% crazybit 37分钟前0.522844 0.55036211 175% 110% verbaltech2 39分钟前0.5323 0.56031579 175% 110% sahkan-bitshares 43分钟前0.5305 0.55842105 175% 110% blckchnd 49分钟前0.58914041 0.59503183 175% 110% roelandp 51分钟前0.52055171 0.5479551 175% 110% fox 1小时前0.5997671 0.60576477 175% 110% xn-delegate 1小时前0.51790808 0.6473851 175% 110% harvey-xts 10小时前
current bts price from BTC38 is 0.55CNY/BTS, and the lowest price is 0.53CNY/BTS recent several hours.from poloniex/bittrex is 0.0000220 BTC/BTS, and BTC price is about 4085USD/BTC, USD is about 6.57CNY/USD, so the price is 0.59CNY/BTSall other Chinese exchange have disable CNY deposit, I have mention this in witness group two days ago.depend these, I have remove my vote for these witness: rnglab abc123 roelandp harvey-xts bhuzhere is the current price feeds:Code: [Select]喂价 – BITCNY/BTS 汇率 – BITCNY/BTS 维持保证金比例 强制平仓比例上限 发布人 发布时间0.59860651 0.62853684 175% 110% mr.agsexplorer 21秒钟前0.4809 0.601125 175% 110% rnglab 57秒钟前0.53017 0.6627125 175% 110% wackou 4分钟前0.5494 0.68675 175% 110% xman 6分钟前0.53302199 0.56108018 175% 110% fox 6分钟前0.54010081 0.56710585 175% 110% openledger-dc 8分钟前0.52826418 0.66033293 175% 110% in.abit 11分钟前0.5901444 0.59604585 175% 110% witness.still 11分钟前0.526503 0.55421368 175% 110% verbaltech2 13分钟前0.5442 0.57284211 175% 110% sahkan-bitshares 14分钟前0.50390125 0.59283258 175% 110% abc123 16分钟前0.58383805 0.70060566 175% 110% delegate.baozi 16分钟前0.52991039 0.53520949 175% 110% crazybit 17分钟前0.53092481 0.66365602 175% 110% delegate-1.lafona 20分钟前0.52884481 0.66105601 175% 110% delegate.freedom 20分钟前0.5300857 0.53538656 175% 110% xeldal 21分钟前0.59935433 0.60534787 175% 110% delegate.ihashfury 22分钟前0.59775185 0.60372937 175% 110% elmato 24分钟前0.50392378 0.50896302 175% 110% roelandp 24分钟前0.520659 0.54806211 175% 110% blckchnd 25分钟前0.59655387 0.60251941 175% 110% witness.yao 26分钟前0.514452 0.54152842 175% 110% delegate.btsnow 28分钟前0.51790808 0.6473851 175% 110% harvey-xts 29分钟前0.59307198 0.59900269 175% 110% xn-delegate 44分钟前0.4052 0.42652632 175% 110% bhuz 48分钟前
喂价 – BITCNY/BTS 汇率 – BITCNY/BTS 维持保证金比例 强制平仓比例上限 发布人 发布时间0.59860651 0.62853684 175% 110% mr.agsexplorer 21秒钟前0.4809 0.601125 175% 110% rnglab 57秒钟前0.53017 0.6627125 175% 110% wackou 4分钟前0.5494 0.68675 175% 110% xman 6分钟前0.53302199 0.56108018 175% 110% fox 6分钟前0.54010081 0.56710585 175% 110% openledger-dc 8分钟前0.52826418 0.66033293 175% 110% in.abit 11分钟前0.5901444 0.59604585 175% 110% witness.still 11分钟前0.526503 0.55421368 175% 110% verbaltech2 13分钟前0.5442 0.57284211 175% 110% sahkan-bitshares 14分钟前0.50390125 0.59283258 175% 110% abc123 16分钟前0.58383805 0.70060566 175% 110% delegate.baozi 16分钟前0.52991039 0.53520949 175% 110% crazybit 17分钟前0.53092481 0.66365602 175% 110% delegate-1.lafona 20分钟前0.52884481 0.66105601 175% 110% delegate.freedom 20分钟前0.5300857 0.53538656 175% 110% xeldal 21分钟前0.59935433 0.60534787 175% 110% delegate.ihashfury 22分钟前0.59775185 0.60372937 175% 110% elmato 24分钟前0.50392378 0.50896302 175% 110% roelandp 24分钟前0.520659 0.54806211 175% 110% blckchnd 25分钟前0.59655387 0.60251941 175% 110% witness.yao 26分钟前0.514452 0.54152842 175% 110% delegate.btsnow 28分钟前0.51790808 0.6473851 175% 110% harvey-xts 29分钟前0.59307198 0.59900269 175% 110% xn-delegate 44分钟前0.4052 0.42652632 175% 110% bhuz 48分钟前
Quote from: mea123 on April 01, 2017, 01:35:09 pmI did not have a clue when I put my money up for an adventureand that's a huge problem I see in almost every ICO. clueless people throwing money at something they do not understand.
I did not have a clue when I put my money up for an adventure
Quote from: alt on February 25, 2017, 02:00:09 amwe should develop an exchange service, for example, we set up a service account: witness-exchangeevery witness must accept the offer from account witness-exchange: sell BTS at your feed price*1.02, buy BTS at your feed price/1.02.so witness-exchange can get the best ask/bid price from all witness's feed price, and serve all users.you'll never know what's the reasonable price without trade.I suggest the witness block reward is proportional to the witness‘s sell/buy amount of BTS in the exchange service.
we should develop an exchange service, for example, we set up a service account: witness-exchangeevery witness must accept the offer from account witness-exchange: sell BTS at your feed price*1.02, buy BTS at your feed price/1.02.so witness-exchange can get the best ask/bid price from all witness's feed price, and serve all users.you'll never know what's the reasonable price without trade.
Price Feed DataSETTLEMENT PRICE – BITCNY/BTS CER – BITCNY/BTS MCR MSSR PUBLISHER PUBLISHED0.02606831 0.02744082 175% 110% datasecuritynode 2 minutes ago0.02749951 0.02894955 175% 110% rnglab 10 minutes ago0.0274246 0.028868 175% 110% verbaltech2 14 minutes ago0.02748412 0.02893086 175% 110% in.abit 17 minutes ago0.02620613 0.0264682 175% 110% witness.still 20 minutes ago0.02742568 0.02886931 175% 110% fox 29 minutes ago0.0263 0.02768421 175% 110% spartako 30 minutes ago0.02742568 0.02886931 175% 110% xman 33 minutes ago0.0273662 0.02880653 175% 110% wackou 54 minutes ago0.0273665 0.0288078 175% 110% abc123 58 minutes ago0.0263 0.02768421 175% 110% delegate.ihashfury 2 hours ago0.0274 0.02884211 175% 110% bhuz 2 hours ago0.02716187 0.02743349 175% 110% xn-delegate 3 hours ago0.02692587 0.02719513 175% 110% delegate.baozi 4 hours ago0.0263 0.02768421 175% 110% delegate-1.lafona 6 hours ago0.026058 0.02631858 175% 110% jerryliu 10 hours ago0.02609503 0.02635599 175% 110% elmato 23 hours ago0.0260681 0.02632878 175% 110% xeldal 23 hours ago0.02615227 0.02641379 175% 110% witness.yao 23 hours ago
喂价 – BITCNY/BTS 汇率 – BITCNY/BTS 维持保证金比例 强制平仓比例上限 发布人 发布时间0.02541539 0.02675335 175% 110% datasecuritynode 2分钟前0.0267 0.02810526 175% 110% wackou 3分钟前0.02549522 0.02683719 175% 110% in.abit 6分钟前0.02686897 0.02828619 175% 110% rnglab 8分钟前0.0268669 0.02828095 175% 110% verbaltech2 22分钟前0.0267 0.02810526 175% 110% bhuz 29分钟前0.02580561 0.0271639 175% 110% abc123 34分钟前0.02553466 0.02687886 175% 110% xman 36分钟前0.02686688 0.02828142 175% 110% fox 37分钟前0.028 0.02947368 175% 110% spartako 39分钟前0.02679259 0.02706052 175% 110% xn-delegate 49分钟前0.028 0.02947368 175% 110% delegate.ihashfury 1小时前0.026927 0.02719627 175% 110% delegate.baozi 2小时前0.028 0.02947368 175% 110% delegate-1.lafona 2小时前0.02633407 0.02659741 175% 110% jerryliu 3小时前0.02609503 0.02635599 175% 110% elmato 3小时前0.0260681 0.02632878 175% 110% xeldal 4小时前0.02615227 0.02641379 175% 110% witness.yao 4小时前0.02598393 0.02624377 175% 110% witness.still 4小时前
wrong price from delegate.ihashfury and spartako
camera and phone are different things, but finally they are integrated in iPone, what make this happen? demand to covenience, economy consideration and technology improvement.so there is not a problem for a witness to do both block generation and price feed, to update skills or to cooperate are both ways to solve the problem. no need to worry that seldom can do both, after the increase of witness pay there will be enough candidates there that can make the tasks done.I don't care whether you select to use alt's script, to buy data from Bloomberg or to code script yourself. as a proxy and a trader I only care the accuracy of the feeded price, it's not difficult for an active trader to judge whether the feed price is accurate enough, explain and vote accordingly.workers always bring complex and create new problems so it is not a good choice here.
Hence decreasing the decentralization of the system since most would use the provided feed.And if the witness's decided not to use the worker provided feed, what is the point of having a worker provided feed?
Quote from: lil_jay890 on January 06, 2017, 06:15:35 pmPlus having BTS pay for a feed that all the witness's end up using kind of goes against the whole decentralization principles.Who said anything about a single source paid or otherwise for ALL witnesses. It's NOT HELPFUL to jump to such conclusions. Let's stop this blame game and start figuring out the cause of the issue really lies and work together to resolve it.
Plus having BTS pay for a feed that all the witness's end up using kind of goes against the whole decentralization principles.
It actually makes sense to pay separately for producing blocks and for publishing price feeds, because these are two different jobs which require different efforts.
Quote from: BunkerChain Labs on January 06, 2017, 02:10:33 pmQuote from: bitcrab on January 06, 2017, 02:05:39 pmtoday a man made margin call happened again for bitCNY, about 50K bitCNY margin called, someone did price manipulation just by selling a little quantity of BTS in yunbi.proxy bitcrab decided to unvote below witnesses, until they implement professional enough bitCNY price feeding.spectral delegate-clayop bhuz bue delegate.ihashfury spartako fox elmato rnglab datasecuritynodedon't tell me btc38 always fail to provide price, don't ask me how to generate good price feed, you are witnesses, you should find ways to make that done.Note - datasecuritynode wasn't being voted for by your proxy before anyway. I would suggest we create a worker proposal to gain access to more price feed data rather than continuing to rely on bottom of the barrel free data. Vote for it?I don't understand why worker proposal are needed here.if some witnesses have proved that they can provide professional price feed for free(no more than the block generation reward), then why should I vote for the worker propossal?
Quote from: bitcrab on January 06, 2017, 02:05:39 pmtoday a man made margin call happened again for bitCNY, about 50K bitCNY margin called, someone did price manipulation just by selling a little quantity of BTS in yunbi.proxy bitcrab decided to unvote below witnesses, until they implement professional enough bitCNY price feeding.spectral delegate-clayop bhuz bue delegate.ihashfury spartako fox elmato rnglab datasecuritynodedon't tell me btc38 always fail to provide price, don't ask me how to generate good price feed, you are witnesses, you should find ways to make that done.Note - datasecuritynode wasn't being voted for by your proxy before anyway. I would suggest we create a worker proposal to gain access to more price feed data rather than continuing to rely on bottom of the barrel free data. Vote for it?
today a man made margin call happened again for bitCNY, about 50K bitCNY margin called, someone did price manipulation just by selling a little quantity of BTS in yunbi.proxy bitcrab decided to unvote below witnesses, until they implement professional enough bitCNY price feeding.spectral delegate-clayop bhuz bue delegate.ihashfury spartako fox elmato rnglab datasecuritynodedon't tell me btc38 always fail to provide price, don't ask me how to generate good price feed, you are witnesses, you should find ways to make that done.
Sorry for the low response when CNY volume moved from btc38 and yunbi to other exchanges. It is fixed now.Also I remained publishing acceptable GOLD and SILVER prices when Yahoo started to bring strange values, as I've added an Quandl API key shortly after xeroc added it as a feedsource.Now I'm fetching GC and SI from Yahoo instead of XAU and XAG as abit suggested. I also applied his patch to derive prices across 3 markets and everything looks good.
@alt runs a bussines which depends on precise and resilient feeds. His code skills along with a real incentive, brings us a good chance to improve the way we fetch and derive external prices.Besides that I think it would be more productive to fork and improve @xeroc script, as a way to sum the scarce resources we have on this topic. Some conditions have to be given for diversity to be enriching, and for fair competition to exist at all. In the meanwhile, I think that cooperation is the way to go. Competition will favor aptitude and commitment only when we become able to incentivize it. Some numbers: - Witness reward averaged something around $200/month this year. - Let's say a regular VPS with 8Gb RAM costs 80 USD per month, and 50 USD for 4Gb. - That is a 150 USD reward for witnesses running just one node with only 4Gb (at its very memory limit). - There's a 120 USD incentive to have 8Gb on just one node, with no failover at all. - Even running two 4Gb nodes with a proper failover strategy (for ~100 USD), both nodes could easily crash if RAM becomes not enough. Automatic fork resolution is working great, but it has not been prooven beyond our current TPS.With checkpoints and delayed nodes, we have revived the network in less than an hour with no major consequences when forks turned into lost of consensus. But I wouldn't like to see the network crashing just when the real action starts. - It seems to me that having two 8Gb nodes per witness, with failover able to identify and move away from minority forks (when possible with just two nodes), are the minimum technical requirements to handle the upcoming network growth. That means a reward of 40 USD per month at most.Add seed nodes and the time required to constantly check and fix feeds, having everything up to date and the need to remain informed in a daily basis.That means good withesses working at a loss, while icentivizing poor performance for a proffit.This also brings another concern to me: as many good neutral witnesses lack of incentive or resources/time despite they good will, it drives business to run it's own witnesses given their need to have reliable feeds. I see a flaw here: business tend to have more resources, voting stake, reward incentives and thus good performance , this raises their motivation and chances to have many witnesses voted in. As business models may disagree about market parameters that are defined by feed producers, this could lead to unfair competition or other undesirable behavors, specially now that new/unknown players are steadily arriving.This is one of the reasons why witnesses, committee and proxies were planed as independent powers.I'm not pushing to rise block rewards here, nor discouraging our most valuable witnesses who also runs business over bitshares. I still enjoy being reliable and helpful as a witness, rewards aside, and I'm glad to see this debate going on in a constructive way, finally. Just want to sumarize some facts I see.At this point we really need a good balance between competition and collaborative work to make network and market more stable and to reduce the entry barriers.
I agree to let the competition machanisim solve the problem: obviously shareholders appreciate and would like to vote the witnesses that provide more and better service.and AFAIK, to provide good price feed is also possible via free/open source script, for example, alt has published his script at https://pypi.python.org/pypi/btsprice/0.2.21, it's a good reference. on the other side, I wonder whether we need to consider one question: suppose publishing price feed become what witness must do, shall we increase the block reward? and to how much?now being a witness can get some reward, but the reward is not very attractive, we need to balance the responsibility and the reward, maybe we need to reestimate what a reward is more reasonable? maybe a more reasonable reward can lead to more active ecosystem? kindly give your input on this topic.@Bhuz sorry if I did things carelessly, I' recheck and take actions accordingly.
There are rules to being able to qualify for election for president. It is not ruleless. In the above however this is being conflated with electioneering. Before they even get into the game, they have rules to follow and know what can and cannot be done. There are laws. Witnesses have nothing but the whim of some people who have no clear guidelines, rules, or to compare to running for President of the USA, laws, that they can then follow to become a candidate. You want competition to be a factor, then there has to be a playing field that has rules and/or guidelines that can be followed and considered.
whether we can call it competition is not so important, a similar thing is US President election, are there clearly defined what kind of people should be elected president? no, but is this a competition? I think so. the final result comes from competition.to qualify witness, take the "feed price every 5 min" as an example, at the time that the market price does not change in 30 mins, why should the witness publish price every 5 min? another example is, several witnesses removed yunbi price when they are told that yunbi price is easy to manipulate, however alt's script uses a different alogrithm: it collect orders from different exchanges, including yunbi, and simulate to put these orders together to generate a result price, so this gives each exchange the weight it should have, right? but before this script comes out, I don't know the price script can be coded like this.in my view price feed is such an area that it is easy to judge which witness doing well but it's not easy to hard code some rules to determine which nodes is qualified.as a proxy, in long run I think I will vote witness that1. generate block with low block missing rate.2. publish price that reflect market price exactly and globally enough, maybe no need to be very frequent, but when market price changes obviously, need to publish price in time. maybe I will unvote all the witnesses that does not publish price. however I think we need first reach some conclusion on the reward issue.I do not like the worker proposal advice, as it depends on trustee, not decentralized enough.the voting machanisim can work without clearly defined game rule, just as a satisfactory president can comes out from the general election. of course, a lot of communication are needed here between the proxy/stakeholders and the candidates.
I do not like the worker proposal advice, as it depends on trustee, not decentralized enough.
@Bhuz sorry if I did things carelessly, I' recheck and take actions accordingly.
on the other side, I wonder whether we need to consider one question: suppose publishing price feed become what witness must do, shall we increase the block reward? and to how much?now being a witness can get some reward, but the reward is not very attractive, we need to balance the responsibility and the reward, maybe we need to reestimate what a reward is more reasonable? maybe a more reasonable reward can lead to more active ecosystem?
I'm glad to see many new witness begin to join us and promise to provide more professional price feedit's the vote proxy's responsibility to vote out the lazy witnessstand out if you want take more responsibility, witnesseschoose the responsible witness, proxiesand give your vote to the proxies who can make a better choice, share holders.
Quote from: btswildpig on January 07, 2017, 02:56:52 amI start to see the attractiveness in Bitcoin.Miners have to put in chuck load of money to fight for the job of block production without demanding "reasonable market fee" because market principle and competition are the only factors that matters .You think you can be be guaranteed fixed incomes ? Fine , don't do mining, others will do it . There is no job security in Bitcoin. No guaranteed status, even the big miners have to purchase more advanced mining machines from time to time to be at the top of the food chain.As for technical advancement, I think seg-wit will come to fruition. Once you have enough capital in the field, all "issues" will be fixed overtime as time have shown. It's not about how many dilution you can give to developers that matters. It's about how people and capital keep rushing in regardless of the slim the chance of guaranteed of profit in the field. When you buy a mining machine, no one in the network will promise you that it will be worth your while, but you know in your heart that the potential will be well worth the risks and efforts . BTS is not growing rapidly is not because we don't have enough worker dilution to pay for this and that . It's because despite of having a suppose "high pay market salary" daily in their respective jobs , developers still feels like if you don't take BTS from the system fast enough and sell it fast enough , the ship may not be there, and it will be stupid to buy BTS with actual money while the price is low to bet on the potential of its future like the rest of the market participants. If you trust your work will be beneficial to BTS, buy it more than the ordinary folks who have no such "in sight", hold it , develop your work , and enjoy more potentials than the ones who are not aware of the huge significance of your work. if you are thinking about risks , sorry , that means all the talk about your work's value is pure fiction. Imagine if Bitcoin miners were to ask at day one to be compensated for their mining cost and guaranteed income, will Bitcoin be where it is today ?The same goes to witness who want to be compensated for providing a good price feedThose are some interesting observations.. but they have nothing to do with my assertion that if you want to have any kind of professional trading going on Bitshares then we better have reliable feed data. Witnesses are not the source of that data. They can only provide as good as what is available. Taking a median of a few free sources that can and do come and go works sometimes but not all the time, and that is the issue.I'm calling for raising the bar... I think everyone might have even forgotten when 2.0 launched that bytemaster talked about the need for more feed providers. He envisioned it as being another element in the network that would be a paid opportunity, similar to how being a hosted wallet provider was supposed to be. Nobody ever created one though. So 'good enough' became the montra for what few free datafeeds are available. Now though, nobody would dream of creating such a service because the response would be similar to this volunteerism expectation of providing critical always on data to the price feeds.
I start to see the attractiveness in Bitcoin.Miners have to put in chuck load of money to fight for the job of block production without demanding "reasonable market fee" because market principle and competition are the only factors that matters .You think you can be be guaranteed fixed incomes ? Fine , don't do mining, others will do it . There is no job security in Bitcoin. No guaranteed status, even the big miners have to purchase more advanced mining machines from time to time to be at the top of the food chain.As for technical advancement, I think seg-wit will come to fruition. Once you have enough capital in the field, all "issues" will be fixed overtime as time have shown. It's not about how many dilution you can give to developers that matters. It's about how people and capital keep rushing in regardless of the slim the chance of guaranteed of profit in the field. When you buy a mining machine, no one in the network will promise you that it will be worth your while, but you know in your heart that the potential will be well worth the risks and efforts . BTS is not growing rapidly is not because we don't have enough worker dilution to pay for this and that . It's because despite of having a suppose "high pay market salary" daily in their respective jobs , developers still feels like if you don't take BTS from the system fast enough and sell it fast enough , the ship may not be there, and it will be stupid to buy BTS with actual money while the price is low to bet on the potential of its future like the rest of the market participants. If you trust your work will be beneficial to BTS, buy it more than the ordinary folks who have no such "in sight", hold it , develop your work , and enjoy more potentials than the ones who are not aware of the huge significance of your work. if you are thinking about risks , sorry , that means all the talk about your work's value is pure fiction. Imagine if Bitcoin miners were to ask at day one to be compensated for their mining cost and guaranteed income, will Bitcoin be where it is today ?The same goes to witness who want to be compensated for providing a good price feed
Quote from: BunkerChain Labs on January 06, 2017, 06:05:50 pmQuote from: lil_jay890 on January 06, 2017, 03:47:28 pmI think what bitcrab is getting at is that witness's should provide a quality robust price feed. They are being paid by the blockchain to produce blocks and provide a reliable feed. Providing this reliable feed is well within the scope and responsibility of the witness and shouldn't be subsidized by a worker proposal.That said, I know feeds for assets can be expensive. Right now, a witness would run at a net loss if they were to subscribe to a professional price feed like Bloomberg.The witness's that can find a balance between robustness and cost effectiveness of the price feeds are going to be the ones that get and stay elected.Witnesses are NOT paid to produce feeds... it is an ongoing expense to witnesses. Some do not publish as often as others as a result.If you want to have 'reliable feeds' then what I am saying is relying on free sources is by no means reliable. Those that are using a few other sources are by no means providing real 'robustness' to the network. It is paper thin now even with others publishing. So we have a choice to make. We continue to treat bitassets like a hobby, or get them to a level that is robust and reliable.I am proposing a fix instead of a bandaide in my estimation. In the interim I am going to stop publishing CNY as suggested and following suit with other witnesses until there are enough reliable markets available to support it.Personally I have expected that if a witness wants to get voted in, providing price feeds is part of the deal. The better the price feed the more satisfied I am with the witness I'm voting for. If a witness is going to knowingly provide bad data, then all the more reason to vote them out in favor of one who will take the job more seriously. I get that problems can occur, but this has been brought to the at fault witness's in the past and in most cases there has been little to no response.There may not be any requirement that witness's provide price feeds, but the shareholders should and most likely will vote in witness's who provide the most value... It's capitalism and competion. And it's a better solution than having BTS pay for it. There are already witness's out there doing a good job with the price feeds.Plus having BTS pay for a feed that all the witness's end up using kind of goes against the whole decentralization principles.
Quote from: lil_jay890 on January 06, 2017, 03:47:28 pmI think what bitcrab is getting at is that witness's should provide a quality robust price feed. They are being paid by the blockchain to produce blocks and provide a reliable feed. Providing this reliable feed is well within the scope and responsibility of the witness and shouldn't be subsidized by a worker proposal.That said, I know feeds for assets can be expensive. Right now, a witness would run at a net loss if they were to subscribe to a professional price feed like Bloomberg.The witness's that can find a balance between robustness and cost effectiveness of the price feeds are going to be the ones that get and stay elected.Witnesses are NOT paid to produce feeds... it is an ongoing expense to witnesses. Some do not publish as often as others as a result.If you want to have 'reliable feeds' then what I am saying is relying on free sources is by no means reliable. Those that are using a few other sources are by no means providing real 'robustness' to the network. It is paper thin now even with others publishing. So we have a choice to make. We continue to treat bitassets like a hobby, or get them to a level that is robust and reliable.I am proposing a fix instead of a bandaide in my estimation. In the interim I am going to stop publishing CNY as suggested and following suit with other witnesses until there are enough reliable markets available to support it.
I think what bitcrab is getting at is that witness's should provide a quality robust price feed. They are being paid by the blockchain to produce blocks and provide a reliable feed. Providing this reliable feed is well within the scope and responsibility of the witness and shouldn't be subsidized by a worker proposal.That said, I know feeds for assets can be expensive. Right now, a witness would run at a net loss if they were to subscribe to a professional price feed like Bloomberg.The witness's that can find a balance between robustness and cost effectiveness of the price feeds are going to be the ones that get and stay elected.
Quote from: bitcrab on January 06, 2017, 02:48:15 pmQuote from: BunkerChain Labs on January 06, 2017, 02:10:33 pmQuote from: bitcrab on January 06, 2017, 02:05:39 pmtoday a man made margin call happened again for bitCNY, about 50K bitCNY margin called, someone did price manipulation just by selling a little quantity of BTS in yunbi.proxy bitcrab decided to unvote below witnesses, until they implement professional enough bitCNY price feeding.spectral delegate-clayop bhuz bue delegate.ihashfury spartako fox elmato rnglab datasecuritynodedon't tell me btc38 always fail to provide price, don't ask me how to generate good price feed, you are witnesses, you should find ways to make that done.Note - datasecuritynode wasn't being voted for by your proxy before anyway. I would suggest we create a worker proposal to gain access to more price feed data rather than continuing to rely on bottom of the barrel free data. Vote for it?I don't understand why worker proposal are needed here.if some witnesses have proved that they can provide professional price feed for free(no more than the block generation reward), then why should I vote for the worker propossal?I'm just going by what you said.. not professional enough. I never seen free as ever being professional enough.. so I am recommending we do things professional and proper and have paid data feeds that are the same quality as all the major forex markets around the world.
is it possible to calculate a BTS/CNY price with BTS/BTC price from polo and bittrex and BTC/CNY price from yunbi/huobi/okcoin and give this price some weight?the settlement price should be somehow fault-tolerant, if btc38 always fail to provide price, then we need to add other price channels to avoid single point data fetch.
"CNY" : { "metric" : "weighted", "sources" : ["btc38", "yunbi", "huobi", "btcchina", "okcoin", "poloniex", "bittrex", ] },
is it possible to calculate a BTS/CNY price with BTS/BTC price from polo and bittrex and BTC/CNY price from yunbi/huobi/okcoin and give this price some weight?
Quote from: abit on December 21, 2016, 10:08:19 amThere are rumors that btc38 is hacked.I have never been able to reliably get data from btc38 for anything for a very long time. Their feeds always timeout no matter how high I set the wait. If they have been hacked that is also bad news though.
There are rumors that btc38 is hacked.
More info.. btc38 API server now returns no data. They upgraded?
I don't know it's because of a wrong configure file or a bug of the script.but this is not the first time it happened. I can't remember how many times I have mentioned the witness.include this forum and telegram.nobody want to take responsibility for this error, so I have to remove the witness every time this happen.I can find some old post about this:https://bitsharestalk.org/index.php/topic,20704.msg267158.html#msg267158https://bitsharestalk.org/index.php/topic,21315.msg276995.html#msg276995I get this type of reply every time:Quote from: pc on December 19, 2015, 08:52:58 amQuote from: alt on December 19, 2015, 12:56:14 ammany witness publish a wrong priceSince you seem to be an authority on the subject, could you please enlighten us witnesses what the right price is?I can publish a price of 0.0245 CNY/BTS all week if you think that's better.
Quote from: alt on December 19, 2015, 12:56:14 ammany witness publish a wrong priceSince you seem to be an authority on the subject, could you please enlighten us witnesses what the right price is?I can publish a price of 0.0245 CNY/BTS all week if you think that's better.
many witness publish a wrong price
Quote from: alt on December 21, 2016, 03:10:34 amI don't know it's because of a wrong configure file or a bug of the script.but this is not the first time it happened. I can't remember how many times I have mentioned the witness.include this forum and telegram.nobody want to take responsibility for this error, so I have to remove the witness every time this happen.I can find some old post about this:https://bitsharestalk.org/index.php/topic,20704.msg267158.html#msg267158https://bitsharestalk.org/index.php/topic,21315.msg276995.html#msg276995I get this type of reply every time:Quote from: pc on December 19, 2015, 08:52:58 amQuote from: alt on December 19, 2015, 12:56:14 ammany witness publish a wrong priceSince you seem to be an authority on the subject, could you please enlighten us witnesses what the right price is?I can publish a price of 0.0245 CNY/BTS all week if you think that's better.I have the same settings as DataSecurityNode, "CNY" : { "metric" : "weighted", "sources" : ["btc38", "yunbi", "huobi", "btcchina", "okcoin", ] },Should we remove yunbi?According to coinmarketcap +80% of the volume is on btc38 and polo (BTS/BTC).
"CNY" : { "metric" : "weighted", "sources" : ["btc38", "yunbi", ] },feedSources["btc38"] = feedsources.Btc38(allowFailure=False)
this happened many times, the price wrong more then 10%.every time I point this out, the answer is why you think your price is correct and mine is wrong?so I just cancel my vote for these witness.thanks bitcrab, I will remove these witness this time:spectral delegate-clayop bhuz bue delegate.ihashfury spartako fox elmato datasecuritynode