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Messages - Markus

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16
General Discussion / Re: EMERGENCY : the market is broken
« on: March 22, 2015, 01:10:18 am »
I am slightly shocked how much the developers ignore the severity of this bug.

The asset market is BitShares' most important feature. If we were only to worry about funds not being stolen we could just stay with Bitcoin, right?

With shorting broken and the 10% penalty for expiry still in place (is it?) this will dry up the asset market, break the peg (they will be trading at 110% if at all) and piss off those few who are willing to still short in this bear market damaging liquidity for the next weeks/months.

If you want a safe quick fix, reduce the 50% max APR to something like 5%. This is one single variable and surely can not break anything else.

17
General Discussion / Re: Nearing Bottom
« on: March 17, 2015, 11:56:52 pm »

18
Technical Support / Re: Featured Markets
« on: March 16, 2015, 08:08:33 am »
I assume it's a feature of the client and not the block chain.

19
Technical Support / Re: Bitshares and Bitcoin?
« on: March 13, 2015, 03:38:52 am »
Market assets have different precisions, from 2 to 8 places.

Check out http://bitsharesblocks.com/assets/market, click an Asset Symbol, then the tab Asset Info. Have a look at the precision property. It defines how many "asset-satoshis" make one asset unit - I assume.

20
Technical Support / Re: Incentives for shorting?
« on: March 12, 2015, 12:01:15 am »
Wait until a short expires and sell him some (newly shorted) MPA for 10% above peg.

21
Do you realise how old this video is? BTC ATH 33$ :)

22
Actually there used to be two alts (Litecoin and PTS).
They were hard-forked out (without any public discussion) and replaced by renamed GAS and DIESEL which to date have not attracted a single price feed and therefore never been traded.

Maybe it's time to rename them once more...

23
As shorting above the feed price is possible there is no need for negative interest rates.

With TSLA currently trading at 200 USD you could just post a buy-order at 220 USD. Somebody might see it and short some into existence for you. The shorter pays an instant 10% "negative interest". :)

The difference between the two scenarios is that in mine you alone pay the fee upfront, in your negative-interest case the fee is payed over time by everybody holding BitTSLA.

24
General Discussion / Re: Least volatile measure of value. What could it be?
« on: February 25, 2015, 12:04:30 am »
Or electricity usage. Make an asset around electricity demand and you'll get something extremely stable but which always increases.

Electricity is probably the commodity with the most volatile price. It can jump to 100 times its average price within minutes and can also become negative at times. It is also highly location dependent. The reasons for this are that long distance transport is expensive and inflexible and that it can not be stored economically.

25
General Discussion / Re: I just noticed there is an LTB:BitPTS asset.
« on: February 24, 2015, 11:51:08 pm »
I looks like all UIAs starting with BIT mimicking MPAs got deleted. Since PTS in not an MPA, BitPTS survived.

26
When did that doubling happen, I think I missed it. Was it the jump from 0.047 to 0.068 CNY? Or did it happen backwards in time :)

Anyway, serious pumpers are always welcome!

27
I guess you will have to find a Chinese guy to take them. Transfer them to him as a BterCode (assuming that still works) and let him pay you with BitCNY or whatever else you agree on.

BTW, I have the same problem.

28
Technical Support / Re: How are Short Sell Orders Executed?
« on: February 23, 2015, 11:17:29 pm »
If the price of a bitAsset is below the feed there is no need for additional supply - so no need for shorts to go through.

When demand for a bitAsset picks up the price will rise to (and sometimes even above) the feed price at which shorts are executed, increasing the supply.

The only reason for the APY is to sort the queued short orders at the feed price.
Once trading happens above (not at) the feed price APY is typically zero.

Said all this, normal selling (and buying) can happen at any prices, so the market is not "locked up". Only shorting is restricted in the manner described above.

29
General Discussion / Re: German Translation of "Bitshares 101"
« on: February 23, 2015, 11:06:09 pm »
Hi there,

I've got some spare time and would offer to do some translating. Unless it's already been done that is - although I can't find an existing German version either.

30
General Discussion / Re: Meetup.com is the BOMB
« on: February 22, 2015, 11:59:53 pm »
I can translate it into German.

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