BitShares Forum

Main => General Discussion => Topic started by: Ggozzo on December 02, 2014, 11:04:32 pm

Title: OIL. Let's get this asset going.
Post by: Ggozzo on December 02, 2014, 11:04:32 pm
OIL is plunging to areas it hasn't been in awhile. I would like to get in on this action with my BTS.

Can we get a good feed. Oil is probably the most volatile asset we have and we will need possibility a mandatory limited number of feed updates per day for it to be serious.
Title: Re: OIL. Let's get this asset going.
Post by: bluebit on December 03, 2014, 12:47:31 am
Your vote counts, vote for delegates with an oil price feed.
Title: Re: OIL. Let's get this asset going.
Post by: Riverhead on December 03, 2014, 12:59:22 am
Help alt get it working in his feed script and OIL will be a shoe-in since most delegates run that.
Title: Re: OIL. Let's get this asset going.
Post by: islandking on December 03, 2014, 01:00:40 am
I would also like OIL to start trading on the market.
Title: Re: OIL. Let's get this asset going.
Post by: biophil on December 03, 2014, 01:19:26 am
Oil will be interesting, at today's prices it may even stand a chance of trading at a premium to real oil, which would be a first for a bitAsset.

Sent from my SCH-S720C using Tapatalk 2

Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 03, 2014, 02:43:35 am
Could be a good BitAsset to start now. Let's not miss the OIL bus opportunity like these guys...

https://m.youtube.com/watch?v=sLB-uMPj27s

 :P
Title: Re: OIL. Let's get this asset going.
Post by: Riverhead on December 03, 2014, 04:10:11 am
OIL is plunging to areas it hasn't been in awhile. I would like to get in on this action with my BTS.

Can we get a good feed. Oil is probably the most volatile asset we have and we will need possibility a mandatory limited number of feed updates per day for it to be serious.

You're the only one pushing a feed for Oil. Can you share your source so it can be rolled into the feed scripts?

https://bitsharestalk.org/index.php?topic=7787.msg157659#msg157659
Title: Re: OIL. Let's get this asset going.
Post by: xeroc on December 03, 2014, 07:31:59 am
does yahoo have a ticker for the OIL price?
Title: Re: OIL. Let's get this asset going.
Post by: Ggozzo on December 03, 2014, 07:33:37 am
OIL is plunging to areas it hasn't been in awhile. I would like to get in on this action with my BTS.

Can we get a good feed. Oil is probably the most volatile asset we have and we will need possibility a mandatory limited number of feed updates per day for it to be serious.

You're the only one pushing a feed for Oil. Can you share your source so it can be rolled into the feed scripts?

https://bitsharestalk.org/index.php?topic=7787.msg157659#msg157659

I manually did it by visiting the CME's quotes site. Hoping to spark a trend.

I am not very technical, but I wonder if this would work as I couldn't find any API pushing oil prices:

ThinkorSwims platform allows DDE to excel in real time quotes. I think you would only need to write a pyhon script that grabs the quote from the designated cell in excel and then bam, you have a real time feed. I have no idea how to write a python script for that, but it seems plausible. Right?
Title: Re: OIL. Let's get this asset going.
Post by: zerosum on December 03, 2014, 07:59:20 am
OIL is plunging to areas it hasn't been in awhile. I would like to get in on this action with my BTS.

Can we get a good feed. Oil is probably the most volatile asset we have and we will need possibility a mandatory limited number of feed updates per day for it to be serious.

You're the only one pushing a feed for Oil. Can you share your source so it can be rolled into the feed scripts?

https://bitsharestalk.org/index.php?topic=7787.msg157659#msg157659

I manually did it by visiting the CME's quotes site. Hoping to spark a trend.

I am not very technical, but I wonder if this would work as I couldn't find any API pushing oil prices:

ThinkorSwims platform allows DDE to excel in real time quotes. I think you would only need to write a pyhon script that grabs the quote from the designated cell in excel and then bam, you have a real time feed. I have no idea how to write a python script for that, but it seems plausible. Right?

I think Riverhead can write the script in his sleep... but I have my doubts it is a solid way to go for ALL the delegates' feeds.
Title: Re: OIL. Let's get this asset going.
Post by: Riverhead on December 03, 2014, 08:13:35 am
Thanks for the leads. I'll see what I can do.

Sent from my Timex Sinclair.

Title: Re: OIL. Let's get this asset going.
Post by: xeroc on December 03, 2014, 08:35:31 am
It's not WTI @ yahoo
http://finance.yahoo.com/q?s=wti
Quote
Business Summary
W&T Offshore, Inc., an independent oil and natural gas producer, together with its subsidiaries, is engaged in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and Texas.

What about this one:
http://www.cmegroup.com/trading/energy/light-sweet-crude-oil.html
//edit: na .. theses are futures :(
Title: Re: OIL. Let's get this asset going.
Post by: Riverhead on December 03, 2014, 08:43:48 am
I'm sure we can find something. Surely those quote sites aren't pulling data from where the good Lord split them.

Sent from my Timex Sinclair.

Title: Re: OIL. Let's get this asset going.
Post by: zerosum on December 03, 2014, 08:46:53 am
It's not WTI @ yahoo
http://finance.yahoo.com/q?s=wti
Quote
Business Summary
W&T Offshore, Inc., an independent oil and natural gas producer, together with its subsidiaries, is engaged in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and Texas.

What about this one:
http://www.cmegroup.com/trading/energy/light-sweet-crude-oil.html
//edit: na .. theses are futures :(
Btw futures are the best prices when oil is concerned....but it is quite messy ...constantly adjusting the nearest future and so on.
But then again spot prices are not very representative (quite arbitrary, imho).
Title: Re: OIL. Let's get this asset going.
Post by: CLains on December 03, 2014, 08:58:20 am
Bad news (http://www.nasdaq.com/markets/crude-oil.aspx) for Norway

(http://i59.tinypic.com/jzfkph.jpg)
Title: Re: OIL. Let's get this asset going.
Post by: CLains on December 03, 2014, 09:01:48 am
There was some discussion of making bitGOLD stronger to help market bitAssets. And yet only way to make it stronger seems to be to market bitGOLD. Somewhat same issue with bitOIL and all the rest.
Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 03, 2014, 10:21:56 am
There was some discussion of making bitGOLD stronger to help market bitAssets. And yet only way to make it stronger seems to be to market bitGOLD. Somewhat same issue with bitOIL and all the rest.

BitOIL is growing on me.

The decider would maybe be, making a thread in the Chinese section, 'Would you like to trade BitOIL?' & see if there's an appetite for it .

OIL I think is something a lot of people would like to have exposure to, but it isn't as easily accessible if you don't have a trading account. I think BitOIL might get some attention and market itself easily, just by making a few posts and letting our market know we have it, especially right now when there's a lot of consensus that it's potentially underpriced.

There is also more competition for other options and we need to make them accessible and market them to those that need them most. Yet a lot of people in crypto and BTS'ers might consider BitOIL as there are not a lot of easy alternatives out there.

We could be sitting on an OIL well   :P 
Title: Re: OIL. Let's get this asset going.
Post by: monsterer on December 03, 2014, 10:55:00 am
We could be sitting on an OIL well   :P

I guess the feed script needs updating, since there are currently only two feeds for OIL and at least 60 delegates providing feeds in general?
Title: Re: OIL. Let's get this asset going.
Post by: xeroc on December 03, 2014, 10:59:08 am
I guess the feed script needs updating, since there are currently only two feeds for OIL and at least 60 delegates providing feeds in general?
There's no real-time source for the oil price .. that's holding us back atm ..
If you can find one that can be called via API .. things will change quickly
Title: Re: OIL. Let's get this asset going.
Post by: Akado on December 03, 2014, 11:13:40 am
i made a quick search, something you could easily find so i dunno if these would do?

http://www.eia.gov/developer/
http://www.eia.gov/beta/api/

"Currently, EIA's API contains the following main data sets:

408,000 electricity series organized into 29,000 categories
30,000 State Energy Data System series organized into 600 categories
115,052 petroleum series and associated categories
11,989 natural gas series and associated categories
132,331 coal series and associated categories (released Feb 25, 2014)
3,872 Short-Term Energy Outlook series and associated categories (released May 27, 2014)
368,466 Annual Energy Outlook series and associated categories (released May 27, 2014)"

also https://catalog.data.gov/dataset?q=organization:doe-gov+AND+type:dataset&publisher=U.S.+Energy+Information+Administration
you can search for Petroleum Data Application Programming Interface (API) https://catalog.data.gov/dataset/petroleum-data-application-programming-interface-api

dont know if this is of any use or if there is some kind of problem due to being .gov? well, the intention counts  :)
Title: Re: OIL. Let's get this asset going.
Post by: svk on December 03, 2014, 11:14:48 am
It would have been better to use WTI or Brent for these assets in my opinion, probably easier to find price data and more international.
Title: Re: OIL. Let's get this asset going.
Post by: monsterer on December 03, 2014, 11:28:45 am
It would have been better to use WTI or Brent for these assets in my opinion, probably easier to find price data and more international.

https://www.quandl.com/help/api

They support 50 requests per day for unregistered users. Might be worth a look?
Title: Re: OIL. Let's get this asset going.
Post by: bluebit on December 03, 2014, 04:39:58 pm
bump, let's get oil trading
Title: Re: OIL. Let's get this asset going.
Post by: monsterer on December 03, 2014, 04:48:34 pm
bump, let's get oil trading

There is a way, I found a real-time feed, but its HTML, no API.

http://www.nasdaq.com/markets/commodities.aspx

NYMEX WTI Crude Oil, and this page has a real time price. It's dirty work, but you could write a script to parse the HTML and pull out the number - they don't have an API, the data is baked into the source.


scratch that, it's 15 min delayed.
Title: Re: OIL. Let's get this asset going.
Post by: donkeypong on December 04, 2014, 01:51:55 am
It would have been better to use WTI or Brent for these assets in my opinion, probably easier to find price data and more international.

Either one is okay for baseline. There tends to be a spread between West Texas and Brent in the last couple of years, though. Wouldn't it be fun to have them both and let people play that also? Maybe best to start with one and then consider expanding.
Title: Re: OIL. Let's get this asset going.
Post by: wasthatawolf on December 10, 2014, 02:42:34 pm
Relevant

http://cointelegraph.com/news/113085/bitreserve-wants-you-to-hold-and-spend-oil (http://cointelegraph.com/news/113085/bitreserve-wants-you-to-hold-and-spend-oil)
Title: Re: OIL. Let's get this asset going.
Post by: mf-tzo on December 10, 2014, 09:45:32 pm
wow...I wasn't aware of bitreserve...Although I would never trust my money and have this centralized counterparty risk I think the way the have their "cards", the site, their presentations etc appear quite appealing...Maybe our marketing team can learn a couple of things from them..

I am not sure people realize how powerful is to have our money secured on a dentralized bank like bitshares vs. anything else out there and we need to do more to show this value to other people...

So let's get start bitoil please and let's pump the shit out of BTS to the moon soon and get the 2nd place before we are too late and the centralized companies beat us...
Title: Re: OIL. Let's get this asset going.
Post by: hpenvy on December 11, 2014, 01:22:29 am
wow...I wasn't aware of bitreserve...Although I would never trust my money and have this centralized counterparty risk I think the way the have their "cards", the site, their presentations etc appear quite appealing...Maybe our marketing team can learn a couple of things from them..

I am not sure people realize how powerful is to have our money secured on a dentralized bank like bitshares vs. anything else out there and we need to do more to show this value to other people...

So let's get start bitoil please and let's pump the shit out of BTS to the moon soon and get the 2nd place before we are too late and the centralized companies beat us...

 +5%
Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 11, 2014, 03:25:21 am
Relevant

http://cointelegraph.com/news/113085/bitreserve-wants-you-to-hold-and-spend-oil (http://cointelegraph.com/news/113085/bitreserve-wants-you-to-hold-and-spend-oil)

I wonder if they came up with that, before or after this thread.
Title: Re: OIL. Let's get this asset going.
Post by: mf-tzo on December 11, 2014, 12:25:27 pm
Quote
I wonder if they came up with that, before or after this thread.

Lol...Dejavu.. This will not be the first time we discuss things and ideas here and someone else copying us before we implement them... 
Title: Re: OIL. Let's get this asset going.
Post by: monsterer on December 11, 2014, 01:35:13 pm
Quote
I wonder if they came up with that, before or after this thread.

Lol...Dejavu.. This will not be the first time we discuss things and ideas here and someone else copying us before we implement them...

They have the advantage in this case because they can pay for the service providing the fees, being centralised. We have trouble because that would require each delegate to pay for the same service, or set of services, since no free, real time feed is available for OIL.
Title: Re: OIL. Let's get this asset going.
Post by: wasthatawolf on December 11, 2014, 01:38:48 pm
wow...I wasn't aware of bitreserve...Although I would never trust my money and have this centralized counterparty risk

At this point in time, I'm not confident that Bitshares is any more trustworthy or secure than Bitreserve. 

Obviously that is where we hope to end up, but the experimental nature of the Bitshares software and the relatively small network are very large risks for the average user, more so than the counter party risk of a VC-funded company in the U.S.  You're also likely to get a much better deal on "bitassets" at Bitreserve (in the short term at least).

I think it would benefit Bitshares greatly to open a dialogue with Bitreserve as opposed to dismissing them as the centralized alternative.
Title: Re: OIL. Let's get this asset going.
Post by: mf-tzo on December 11, 2014, 01:53:29 pm
Quote
At this point in time, I'm not confident that Bitshares is any more trustworthy or secure than Bitreserve. 

How come? In bitshares you know that your bitusd will be there unless you get hacked, or if there is a serious bank run (not likely) and BTS falls massively below $2 mil market cap correct?

In bitserve, the company can claim that for some reason (hack, steal, government shutdown etc..) they lost all the funds they bankrupt and then your bitusd are lost..

So which one has the most risk again??
Title: Re: OIL. Let's get this asset going.
Post by: Rune on December 11, 2014, 02:20:59 pm
Quote
At this point in time, I'm not confident that Bitshares is any more trustworthy or secure than Bitreserve. 

How come? In bitshares you know that your bitusd will be there unless you get hacked, or if there is a serious bank run (not likely) and BTS falls massively below $2 mil market cap correct?

In bitserve, the company can claim that for some reason (hack, steal, government shutdown etc..) they lost all the funds they bankrupt and then your bitusd are lost..

So which one has the most risk again??

Bitshares has the most risk, honestly. But it also has by far the most potential. Of course we should never say this outside of this forum, everywhere else we need to point out the SPOF risk of bitreserve and the decentralization of bitshares. Business is business.
Title: Re: OIL. Let's get this asset going.
Post by: xeroc on December 11, 2014, 02:36:39 pm
Counterparty risk vs. risk for systematic failure

its the taks of the investor to pick a side ;)
Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 11, 2014, 03:47:41 pm
Quote
At this point in time, I'm not confident that Bitshares is any more trustworthy or secure than Bitreserve. 

How come? In bitshares you know that your bitusd will be there unless you get hacked, or if there is a serious bank run (not likely) and BTS falls massively below $2 mil market cap correct?

In bitserve, the company can claim that for some reason (hack, steal, government shutdown etc..) they lost all the funds they bankrupt and then your bitusd are lost..

So which one has the most risk again??

Bitshares has the most risk, honestly. But it also has by far the most potential. Of course we should never say this outside of this forum, everywhere else we need to point out the SPOF risk of bitreserve and the decentralization of bitshares. Business is business.

Yes, BTS would probably have more risk from the POV of the average consumer until more deposit confiscations start.

I think you are also correct that we need to be singing the advantages of decentralisation as well as pointing out the risk factors of the current banking system. The first place to start would be our website, where we currently look like BitReserve but without any audited tangible assets backing our products and no explanation why.



Title: Re: OIL. Let's get this asset going.
Post by: wasthatawolf on December 11, 2014, 04:10:55 pm
Counterparty risk vs. risk for systematic failure

its the taks of the investor to pick a side ;)

Not only the investor, but also (and more importantly), the user.

One thing I've had trouble reconciling in regard to Bitshares and other decentralized tech is the lack of real Customer Support for the everyday user.  It might seem trivial but if you tell potential users that there is no single entity to call or email if they have issues; that's a major turn off. 

Customer support will need to be provided by the services utilizing Bitshares and until they are up and running (online wallet providers, gateways, etc.) I think it's very dangerous to market Bitshares to anyone with a limited understanding of decentralized tech.
Title: Re: OIL. Let's get this asset going.
Post by: xeroc on December 11, 2014, 07:45:45 pm
Good points!

How about opening up a ticket system like OTRS on support.bitshares ... have all users be agents and pay them from the delegate pay according to their solved issues?
Title: Re: OIL. Let's get this asset going.
Post by: mf-tzo on December 11, 2014, 07:47:59 pm
Guys...I am from Greece and we hear scenarios of a new Grexit again, possibilities of people to lose their bank deposits, bank runs etc etc.. I just hope that we release as soon as possible a version 1  with increased security measures, that even an idiot like me can feel safe that his funds won't disappear the next day from a hacker and then you will see how many Greeks are going to buy biteuros and forget about depositing money to any kind of centralized exchange or bank.
Most of you do not know the true power of bitshares because you do not have this continuously uncertainty about how your government is going to fuck up again.
Title: Re: OIL. Let's get this asset going.
Post by: G1ng3rBr34dM4n on December 11, 2014, 08:14:29 pm
Sent from my Timex Sinclair.

 :P
Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 11, 2014, 08:21:51 pm
Guys...I am from Greece and we hear scenarios of a new Grexit again, possibilities of people to lose their bank deposits, bank runs etc etc.. I just hope that we release as soon as possible a version 1  with increased security measures, that even an idiot like me can feel safe that his funds won't disappear the next day from a hacker and then you will see how many Greeks are going to buy biteuros and forget about depositing money to any kind of centralized exchange or bank.
Most of you do not know the true power of bitshares because you do not have this continuously uncertainty about how your government is going to fuck up again.

 +5%

Yes that's the market. Where centralised risk factors are increasing suddenly BitShares becomes incredibly appealing. That's why we should be selling decentralisation & why a sturdy BitAsset blockchain is game changing.



Title: Re: OIL. Let's get this asset going.
Post by: Stan on December 11, 2014, 08:51:32 pm
... you do not have this continuously uncertainty about how your government is going to fuck up again.

Heh, You need to worry BIGGER, Pinky...


(http://i.gyazo.com/76c95f133b4c9c5e31643b63ca62a847.png)
Title: Re: OIL. Let's get this asset going.
Post by: godzirra on December 11, 2014, 09:46:35 pm
Counterparty risk vs. risk for systematic failure

its the taks of the investor to pick a side ;)

Not only the investor, but also (and more importantly), the user.

One thing I've had trouble reconciling in regard to Bitshares and other decentralized tech is the lack of real Customer Support for the everyday user.  It might seem trivial but if you tell potential users that there is no single entity to call or email if they have issues; that's a major turn off. 

Customer support will need to be provided by the services utilizing Bitshares and until they are up and running (online wallet providers, gateways, etc.) I think it's very dangerous to market Bitshares to anyone with a limited understanding of decentralized tech.

Yeah the user experience with bitshares is a major issue imo. The majority of users do not want to have to learn anything new. It really has to be made simple and beautiful and idiot proof.
Title: Re: OIL. Let's get this asset going.
Post by: bluebit on December 11, 2014, 11:13:18 pm
Counterparty risk vs. risk for systematic failure

its the taks of the investor to pick a side ;)

Not only the investor, but also (and more importantly), the user.

One thing I've had trouble reconciling in regard to Bitshares and other decentralized tech is the lack of real Customer Support for the everyday user.  It might seem trivial but if you tell potential users that there is no single entity to call or email if they have issues; that's a major turn off. 

Customer support will need to be provided by the services utilizing Bitshares and until they are up and running (online wallet providers, gateways, etc.) I think it's very dangerous to market Bitshares to anyone with a limited understanding of decentralized tech.

Yeah the user experience with bitshares is a major issue imo. The majority of users do not want to have to learn anything new. It really has to be made simple and beautiful and idiot proof.

I totally agree with this - idiot proof, user friendly, thought out, 1 click, instead 5 clicks.
Title: Re: OIL. Let's get this asset going.
Post by: hpenvy on December 12, 2014, 02:44:59 am
http://newsbtc.com/2014/12/11/bitcoin-oil-new-digital-power-couple/

Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 12, 2014, 02:53:58 am
http://newsbtc.com/2014/12/11/bitcoin-oil-new-digital-power-couple/

Apparently they've 'trademarked' BitOil

http://www.forexminute.com/commodities-news/bitreserve-transforms-oil-spendable-currency-51706

Quote
“For the first time in history, oil will become a form of payment and compete against all major global fiat currencies.” 
Title: Re: OIL. Let's get this asset going.
Post by: xeroc on December 12, 2014, 02:55:41 am
yhea ... as they "apparently" also did for bitUSD :)
Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 12, 2014, 03:02:45 am
yhea ... as they "apparently" also did for bitUSD :)

It just depends who gets themselves publicly known by them first, to me BitAssets, imply decentralisation and we'll probably still hold the small crypto market, but our lack of marketing & not opening up BitOil/Silver and pushing BitGold may cost us the BitAsset brand in a few months as customers will be too confused between the two.

Could be a good BitAsset to start now. Let's not miss the OIL bus opportunity like these guys... https://m.youtube.com/watch?v=sLB-uMPj27s

Title: Re: OIL. Let's get this asset going.
Post by: hpenvy on December 12, 2014, 04:09:40 am
yhea ... as they "apparently" also did for bitUSD :)

It just depends who gets themselves publicly known by them first, to me BitAssets, imply decentralisation and we'll probably still hold the small crypto market, but our lack of marketing & not opening up BitOil/Silver and pushing BitGold may cost us the BitAsset brand in a few months as customers will be too confused between the two.

Could be a good BitAsset to start now. Let's not miss the OIL bus opportunity like these guys... https://m.youtube.com/watch?v=sLB-uMPj27s

You're right.  +5%
Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 13, 2014, 06:00:53 pm
I see BitReserve are going to be in attendance at the Beunos Aries meet up.

I've been talking with Juan Llanos from BitReserve and it seems he is attending tomorrow, lets see what it turns out

Meanwhile our official marketing team never even acknowledged that market.

BitReserve do really do get to be a fox in the BitShares henhouse.

Challenging the BitAsset brand (which we've had a year to cement), key markets and there's worse they can do too, but I won't mention it, they've already potentially taken the BitOil idea from this thread.


Title: Re: OIL. Let's get this asset going.
Post by: hpenvy on December 13, 2014, 06:06:13 pm
I see BitReserve are going to be in attendance at the Beunos Aries meet up.

I've been talking with Juan Llanos from BitReserve and it seems he is attending tomorrow, lets see what it turns out

Meanwhile our official marketing team never even acknowledged that market.

BitReserve do really do get to be a fox in the BitShares henhouse.

Challenging the BitAsset brand (which we've had a year to cement), key markets and there's worse they can do too, but I won't mention it, they've already potentially taken the BitOil idea from this thread.

While I doubt they got the idea from the thread, you bring up a valid point about BitAsset branding. You don't need a polished wallet to start introducing the brand into the market. Oh well, that window is gone.  Now we need to take a different approach to an awareness campaign.
Title: Re: OIL. Let's get this asset going.
Post by: Empirical1.1 on December 13, 2014, 06:23:43 pm
I see BitReserve are going to be in attendance at the Beunos Aries meet up.

I've been talking with Juan Llanos from BitReserve and it seems he is attending tomorrow, lets see what it turns out

Meanwhile our official marketing team never even acknowledged that market.

BitReserve do really do get to be a fox in the BitShares henhouse.

Challenging the BitAsset brand (which we've had a year to cement), key markets and there's worse they can do too, but I won't mention it, they've already potentially taken the BitOil idea from this thread.

While I doubt they got the idea from the thread, you bring up a valid point about BitAsset branding. You don't need a polished wallet to start introducing the brand into the market. Oh well, that window is gone.  Now we need to take a different approach to an awareness campaign.

Yes even before 1.0 there's no reason not to do a strong crypto-advertising campaign that should have been done anyway and would have flooded the crypto-market with and thereby cementing that BitAssets belong to BitShares. I'm really glad BitUSD is on the front of CMC again that helps a lot.

A coinmarketcap, coindesk and even ZH front page (good market would understand how BitAssets are created) advert as well as a slew of sponsored articles would have cost less than 10-20k. Which is a drop compared to marketing salaries and now their budget.
However it takes 10 100% delegates to do it ourselves.

I suppose it's unlikely that BitReserve are getting their marketing ideas from this thread but if I see them advertising BitOil or BitGold on the front of any of the sites I mentioned in the next week I'll think otherwise. (Edit: That's not 'the worst they can do' I referred to earlier.)



Title: Re: OIL. Let's get this asset going.
Post by: wasthatawolf on December 13, 2014, 10:53:16 pm
(Edit: That's not 'the worst they can do' I referred to earlier.)

What's the worst they can do?
Title: Re: OIL. Let's get this asset going.
Post by: monsterer on December 14, 2014, 11:03:24 am
Can anyone tell if this is the spot/cash price, or a 1 day future, or something else?

http://www.ig.com/uk/ig-commodities/us-light-crude

They have a free feed.
Title: Re: OIL. Let's get this asset going.
Post by: robrigo on December 14, 2014, 03:28:06 pm
Can anyone tell if this is the spot/cash price, or a 1 day future, or something else?

http://www.ig.com/uk/ig-commodities/us-light-crude

They have a free feed.

Looks like the free feed is 15 minutes delayed. Should be good enough to kick off Brent OIL.

Quote
How do I activate data feeds on my account?
To activate data feeds:

1.      Log into the trading platform and select My Account

2.      Select Data Feeds

3.      Select the relevant data feed then click Add Data Feeds

If you are activating the NYSE or AMEX exchange feed, you will need to complete the exchange agreement form via the Data Feeds section.

Data feeds on CFD accounts

Adding data feeds allows you to see additional price feeds and volume data for shares. There is a monthly cost for adding a data feed, but we rebate the cost if you place a minimum number of trades per month on that particular exchange.

The Data Feeds section in My Account lists each available exchange, along with the cost of access per month. The Activity column shows the number of trades required to receive a rebate on the cost.


Please note: any new exchange feed you activate will be charged to your account immediately for the current calendar month, and you’ll receive the rebate at the end of the month (if applicable).

If you plan to take a break from trading in an oncoming month we recommend that you deactivate your data feeds before the end of the current month to avoid being charged.

The levels of access available are:

·           No fee: In some cases, we are able to provide free data feeds from alternative exchanges. There is no cost for this access, but it may be delayed by 15 minutes.

·           Level 1: This will enable a live price feed but it won’t provide volume data for all stocks (such as small-cap stocks)

·           Level 2: This will provide a live price, along with volume data from the exchange where applicable. Level 2 access is required to view volume data on our charts, or the orderbook on PureDMA and L2 Dealer.

Data feeds on spread betting accounts

All markets are already enabled, with the exception of Australian and Canadian shares (which can be enabled in the Data Feeds section in My Account).
Title: Re: OIL. Let's get this asset going.
Post by: robrigo on December 14, 2014, 10:48:47 pm
IG doesn't let you register outside of the UK. I am going to assume that an API token of some sort is required to pull the feed programmatically; maybe not though since it is a free feed. If not can you pass off some details like the endpoint and some common params? I was going to try to integrate it into alt's price feed script and send a PR.
Title: Re: OIL. Let's get this asset going.
Post by: xeroc on December 14, 2014, 10:55:13 pm
good start ... though we still should have at least 2 more sources for a price for OIL ..
Title: Re: OIL. Let's get this asset going.
Post by: eagleeye on December 14, 2014, 11:03:43 pm
Oil is absolutely perfect to start a campaign for getting the adoption of bitOIL and therefore Bitshares.

We may need to advertise on Google Adsense.

We need a website.

We need to get this going.
Title: Re: OIL. Let's get this asset going.
Post by: robrigo on December 14, 2014, 11:06:55 pm
good start ... though we still should have at least 2 more sources for a price for OIL ..

Agreed, unfortunately it would seem most of the feeds cost money. I haven't been able to find any freebies. Maybe we could have the DAC subsidize the cost of OIL feeds by allowing 3% delegates to re-register a new 4% delegate, and use the extra 1% to pay for the OIL feed. The problem with that however, is that standby delegates would need to eat the cost of an OIL feed. Maybe we need a specific 100% OIL delegate to transparently pay the other delegates OIL feed prices and also cover the top 50 in standby or something? Not sure the best way to tackle that.

Edit: it would be nice if we could work with quandl and maybe some other sites to give us some kind of bulk buy "delegate" deal on feeds. Unforunately quandl themselves don't have any real time OIL feeds according to the founder:

Quote from: robrigo
Is there any real time oil feeds for Brent or WTI? I am involved with a distributed exchange called bitshares and we could really use the data to make oil derivatives happen. Thanks!

Quote
Robert:

Sorry to say, but no real time feeds yet.

--
Tammer Kamel
Founder & CEO
connect@quandl.com
Title: Re: OIL. Let's get this asset going.
Post by: eagleeye on December 14, 2014, 11:56:20 pm
good start ... though we still should have at least 2 more sources for a price for OIL ..

Agreed, unfortunately it would seem most of the feeds cost money. I haven't been able to find any freebies. Maybe we could have the DAC subsidize the cost of OIL feeds by allowing 3% delegates to re-register a new 4% delegate, and use the extra 1% to pay for the OIL feed. The problem with that however, is that standby delegates would need to eat the cost of an OIL feed. Maybe we need a specific 100% OIL delegate to transparently pay the other delegates OIL feed prices and also cover the top 50 in standby or something? Not sure the best way to tackle that.

Edit: it would be nice if we could work with quandl and maybe some other sites to give us some kind of bulk buy "delegate" deal on feeds. Unforunately quandl themselves don't have any real time OIL feeds according to the founder:

Quote from: robrigo
Is there any real time oil feeds for Brent or WTI? I am involved with a distributed exchange called bitshares and we could really use the data to make oil derivatives happen. Thanks!

Quote
Robert:

Sorry to say, but no real time feeds yet.

--
Tammer Kamel
Founder & CEO
connect@quandl.com

We need to talk to tradingcharts.com they have a feed I believe.
Title: Re: OIL. Let's get this asset going.
Post by: Riverhead on December 14, 2014, 11:57:30 pm
How much? Certainly delegates can pool funds.
Title: Re: OIL. Let's get this asset going.
Post by: vlight on December 15, 2014, 12:08:47 am
http://newsbtc.com/2014/12/11/bitcoin-oil-new-digital-power-couple/

Apparently they've 'trademarked' BitOil

http://www.forexminute.com/commodities-news/bitreserve-transforms-oil-spendable-currency-51706

Quote
“For the first time in history, oil will become a form of payment and compete against all major global fiat currencies.” 
http://www.bitoil.ru/

 :D
Title: Re: OIL. Let's get this asset going.
Post by: Markus on December 15, 2014, 06:38:58 am
Wouldn't a 15-min delayed feed be better than no feed?

The median internal delegate feed for other assets lags a bit anyway, so an extra 15-min delay would not cause that much additional front-running opportunity.
Title: Re: OIL. Let's get this asset going.
Post by: monsterer on December 15, 2014, 10:37:08 am
Wouldn't a 15-min delayed feed be better than no feed?

The median internal delegate feed for other assets lags a bit anyway, so an extra 15-min delay would not cause that much additional front-running opportunity.

It'll just mean a massive spread as the market adjusts to the possibility of acting on old information.
Title: Re: OIL. Let's get this asset going.
Post by: matt608 on December 15, 2014, 02:07:01 pm
yhea ... as they "apparently" also did for bitUSD :)

It just depends who gets themselves publicly known by them first, to me BitAssets, imply decentralisation and we'll probably still hold the small crypto market, but our lack of marketing & not opening up BitOil/Silver and pushing BitGold may cost us the BitAsset brand in a few months as customers will be too confused between the two.

Could be a good BitAsset to start now. Let's not miss the OIL bus opportunity like these guys... https://m.youtube.com/watch?v=sLB-uMPj27s

Maybe bitreserve could accept our bitOIL 1:1 payment for their bitOIL? ... or could there be a gateway/integration of some kind?
Title: Re: OIL. Let's get this asset going.
Post by: robrigo on December 16, 2014, 05:41:39 pm
IG directed me to check out Nadex as their service is UK only. I spoke with one of the reps at Nadex and you can get access to the market data API for a one time fee of $500, but you also have to apply and associate your identity with them. Not sure if that would work so well for anonymous delegates but it could be one possible source of OIL feeds for public delegates. Of course as the regulatory waters are murky, this could also have some implication w.r.t. the CFTC saying they can regulate crypto derivatives.
Title: Re: OIL. Let's get this asset going.
Post by: donkeypong on December 16, 2014, 06:32:48 pm
What about this? Is it only historical or contemporaneous?

https://www.quandl.com/resources/api-for-commodity-data (https://www.quandl.com/resources/api-for-commodity-data)
Title: Re: OIL. Let's get this asset going.
Post by: sumantso on December 16, 2014, 06:34:47 pm
IG directed me to check out Nadex as their service is UK only. I spoke with one of the reps at Nadex and you can get access to the market data API for a one time fee of $500, but you also have to apply and associate your identity with them. Not sure if that would work so well for anonymous delegates but it could be one possible source of OIL feeds for public delegates. Of course as the regulatory waters are murky, this could also have some implication w.r.t. the CFTC saying they can regulate crypto derivatives.

If its a one time fee, can't somebody (not a delegate) use it to publish an open feed?
Title: Re: OIL. Let's get this asset going.
Post by: robrigo on December 16, 2014, 09:14:44 pm
What about this? Is it only historical or contemporaneous?

https://www.quandl.com/resources/api-for-commodity-data (https://www.quandl.com/resources/api-for-commodity-data)
I asked their founder Tammer if they had any real time oil feeds and he said not at the moment.
Title: Re: OIL. Let's get this asset going.
Post by: islandking on December 17, 2014, 04:37:14 pm
Any update on getting feeds? I am interested in trading oil.
Title: Re: OIL. Let's get this asset going.
Post by: pgbit on December 22, 2014, 10:12:51 pm
There are 2 feeds up for this at the moment. Any delegates looking into developing more feeds for oil?
Title: Re: OIL. Let's get this asset going.
Post by: mdj on December 22, 2014, 11:06:58 pm
There are 2 feeds up for this at the moment. Any delegates looking into developing more feeds for oil?

I'll be taking a look at adding this shortly!
Title: Re: OIL. Let's get this asset going.
Post by: pgbit on December 22, 2014, 11:08:37 pm
Current status for OIL feeds:

Market inactive: Insufficient number of active feeds
ASSET INFO
Asset ID: 5
Issuer account: MARKET
Asset Symbol: OIL
Full Name: Light Sweet Crude Oil
Precision:10,000
Registration Date:Jul 19, 2014 3:18:40 AM
1 barrel light sweet crude oil

Source: http://bitsharesblocks.com/assets/asset?id=OIL (http://bitsharesblocks.com/assets/asset?id=OIL)
Title: Re: OIL. Let's get this asset going.
Post by: mdj on December 23, 2014, 11:15:14 am
Current status for OIL feeds:

Market inactive: Insufficient number of active feeds
ASSET INFO
Asset ID: 5
Issuer account: MARKET
Asset Symbol: OIL
Full Name: Light Sweet Crude Oil
Precision:10,000
Registration Date:Jul 19, 2014 3:18:40 AM
1 barrel light sweet crude oil

Source: http://bitsharesblocks.com/assets/asset?id=OIL (http://bitsharesblocks.com/assets/asset?id=OIL)

Does that include standby delegates?
Title: Re: OIL. Let's get this asset going.
Post by: pgbit on January 07, 2015, 08:16:49 pm
Current status for OIL feeds:

Market inactive: Insufficient number of active feeds
ASSET INFO
Asset ID: 5
Issuer account: MARKET
Asset Symbol: OIL
Full Name: Light Sweet Crude Oil
Precision:10,000
Registration Date:Jul 19, 2014 3:18:40 AM
1 barrel light sweet crude oil

Source: http://bitsharesblocks.com/assets/asset?id=OIL (http://bitsharesblocks.com/assets/asset?id=OIL)

Does that include standby delegates?
I am not sure. Can delegates that provide more feeds be given more weight per vote?