BitShares Forum

Main => General Discussion => Topic started by: cn-members on November 21, 2014, 04:04:53 am

Title: What do you think about my new price feed mechanism ?
Post by: cn-members on November 21, 2014, 04:04:53 am

What do you think about my new price feed mechanism ?
By Alt

The status quo is that the price feed is rely on the external market , so the inner-market has no weight in the price , that is not fair .

But which market should have the real weight ? I think it can't be calculated by a program . So , we should let the delegates decide the weight value , and the final price feed should be calculated by the respective weight value .

I'm planing on offering five markets to weight in : inner-market USD price , inner-market CNY price , BTC38 , Yunbi , Bter .
Further more , the price of each market will continue to choose the sampling of intermediate value , because if we rely on volume it would be more easy to manipulate .

The numbers for sampling points should be decided by the individual delegates as well .

How about that ?

Title: Re: What do you think about my new price feed mechanism ?
Post by: yangsbo on November 21, 2014, 04:07:30 am

@bytemaster

I suggest using Chinese system of stock market
1  10% daily price fluctuation limit and T+1 transaction。
2  Cancel the feed price
3  after a period of time， if the prices trading steady on great scale of transaction ，cancel  these restrictions。

Title: Re: What do you think about my new price feed mechanism ?
Post by: xeroc on November 21, 2014, 09:41:08 am

I'd love to see more "competition" on price feed scripts:

http://wiki.bitshares.org/index.php/Delegate/Feeds