Quote from: mike623317 on October 27, 2015, 03:51:05 pm

.... Are you asking for something like "Convert" button? Such that you could specify a currency which you have, an asset which you want and the amount and the system would go ahead and buy that asset for you at a market price? Such button would be useful indeed."

I think this function would be very valuable for non-traders to use our system. Please consider this. Thank you

We are considering this:

Quote from: valzav on October 18, 2015, 02:29:52 pm

When we were planning Graphene one of the features we wanted to have was "market orders" - user specifies only amount and buy or sell order executes at current market price. So in Graphene order can be executed in the same block it's placed and also it can be marked as "fill or kill" - this makes market orders much easier to implement. Now we only need to add simple buy/sell/short form to the GUI where user can specify amount, click Place button, agree with price and confirm.

An automatic currency conversion has a nice use case. Suppose, I leave in EU and hold Euros. I want to send money to my friend in USA who wants USD. I go to transfer tab, specify how much USD I want to send, and the system goes ahead, checks order books and tells me how much Euros it will cost me. Such functionality is implemented in ripple and is one of the nicest features of ripple.

Which document is this? I want to understand how this works too.

Quote from: yvv on October 27, 2015, 07:53:15 pm

Very nice. I lost money because of this. Although a small amount, but disappointed any way.

If you could provide more details on exactly what kind of orders you executed.. this might help with preventing what caused this from happening again. We were getting strange errors that indicated something related to how an order was placed in the market.. seems you're the guy that did it.. so can you give more specific details on it? This is only for the purposes of possibly identifying an issue and being able to more quickly reenable these markets.

I created a contract for 100 RUB at settlement price 4.42 BTS/RUB, then sold 90 RUB at 4.43 BTS/RUB. At this point a settlement price was correct. Next day the system closed my position and sold my collateral at 7.57 BTS/RUB, which is just completely wrong. Right now a price feed for RUB is wrong by a factor of 60. This error could cost me much more money if I invested more. I am going to hold on moving more money into bitshares until this issue is fixed.

These are good links, but all of them lead to centralized gateways and exchanges. I am talking about possibility to deposit/withdraw value into/out of blockchain completely decentralized way, with no middle man. For example, if user A wants to deposit $10 and user B wants to withdraw $10, user A should send 10$ to user B off the blockchain, and user B should send 10 bitUSD to user A on the blockchain. But there should be an automated escrow service between these two users. This would remove the need in centralized exchanges. Is it possible at all?

Thanks guys.

Regarding the utility I agree. However, things like the nanocard allow me to walk in to a store and buy a Pepsi and spend my bitgold without the shop ever knowing (unless I am mistaken).

What I had in mind was a simple section for someone who wants to buy gold and it's clear, simple and easy to understand for someone who isn't interested in going short/long or any of the other trading terms (bitreserve has an easy section like that - I can just buy $50 of oil at the spot price. Done).

If you're a trader you want the graphs and get off on all the analytical tools. But if I want to get out of worthless us$ and own oil, gold silver swiss francs I would just like to do that as easy as possible without trying to understand what the ask price is or what that graph is supposed to be showing. The price of gold is $1200.. here $2400 and I now own 2 ounces without any liability.

Probably me having never traded but something to consider for us non technical folks. Appreciate the debate

Are you asking for something like "Convert" button? Such that you could specify a currency which you have, an asset which you want and the amount and the system would go ahead and buy that asset for you at a market price? Such button would be useful indeed.

Then go trade on a centralized exchange... obviously I am not being clear.  decentralization has costs that are unavoidable for the benefit of 0 counterparty risk.  it is going to cost you money to have a witness process your transaction to put your order on the order books, not only when the trade is successfully filled.  The correct fee has yet to be determined but it will need to be above 0.

It is not your job to tell me where should I go. I go where I think I need to go. Don't be surprised why most people stay on centralized exchanges.

Quote from: yvv on October 25, 2015, 02:40:44 pm

Quote from: lil_jay890 on October 25, 2015, 12:46:15 pm

Quote from: yvv on October 23, 2015, 12:31:44 am

Quote from: dannotestein on October 23, 2015, 12:03:37 am

Quote from: yvv on October 22, 2015, 11:54:56 pm

It is not only the amount of fee which matters, what are you paying for matters too. It is ok if fancy restaurant charges more then fast food eatery, but I don't know anybody in good mind who would agree to pay anything just for sitting in a restaurant having no food. It is ok to pay $1 fee for a trade which brings you $5 profit, but paying for an offer which was not even filled is ridiculous. It is not physiological, this is common sense.

Paying for an order which is not filled is not ridiculous. Placing an order has costs associated with it and the cost is significant in every trading system. Some systems just have chosen to subsidize this cost by increasing other fees.

And while you don't necessarily profit from an order that isn't filled (you can, by the way, if you're using it as part of some trading methods), you certainly had the opportunity to profit from it.

Taking care of restroom in a fast food place has also associated costs with it, but if they will start charging fees for using their restroom, then good luck in attracting customers.

Most places make you buy something if you want to use their facilities.

In some shitty slums may be so, but in the world where I live they allow me to use their facilities with no conditions, because they know that if I like their place I will buy something from them and come back again. When I come to eatery, I want to pay for food. Washing hands, using toilet, sitting at the table has to be included into price of damn hamburger.  If they don't do this, I turn around and walk away. You have to decide what are you going to be: just another shitty exchange or high quality  service.

The reason why people get "0" fees for trades is because of centralization by your broker.  You actually are getting a raw deal since the broker will expand the spread to make money.  You are trading within their internal pool of funds and stocks... once you go out of their pool, there are costs associated with placing orders.  Because bitshares is decentralized and all transactions are irreversible, you must pay a fee for that work to be done.

There are costs associated with everything. So what? Your costs is not my problem. As you said, I must pay a fee for work to be done. The work is done when the trade is made. Before that, I don't owe you nothing.