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Technical Support / Re: Help with AGS DACs
« on: August 02, 2015, 05:59:04 pm »
Don't forget to check "vesting <accountname>" in the console, since those don't appear in your GUI balance.
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Because fees / yield are paid out over 1 year, but only if you hold the BitUSD for 1 year do you get 100% of the yield. Everyone who bails early leaves more yield on the table for those who are holding on.
The end result is that we have a yield pool based on old income when the BitUSD supply was over 600K and interest was being paid. The supply shrank to 150K but the "collected fees" didn't shrink so "collected fees" is now a larger percentage of supply than it was in the past.
does the estimated yield adjust dynamically with market price for bitUSD? it doesn't seem like that yield number changes too dramatically, but we've seen big swings in BTS price of bitUSD.
they can easily short at 0 interest&buy bitUSD at the same time to get bitUSD to cover high interest short orders
but they didn't
Front running is an artificial issue created by those with an entitlement attitude. They want everyone to be "equal" and believe that just because they see an order book they are automatically entitled to get their order in.
If you remove any sense of entitlement from the equation, then what you have are a set of rules where the profits go to those who can react the fastest. Some people are just jealous of others who seem to get "free money" simply by being fast. But this is not the case. Front runners are competing against each other and are still exposed to market risk.
Let those who are able pick up pennies in front of a steamroller and don't hate them for their speed. They provide liquidity and the profits they earn help everyone.
prediction markets without smart coins don't work. The volatility of the underlying asset overwhelms any profit or loss made by predicting the outcome of the event.That's what the multidemnsional msr is for. The interface can handle making it look like a dollar-denominated bet for a single event. There are disadvantages (you need to "sync" with usd price close time) but it's not nearly as bad as you're implying