BitShares Forum

Main => Technical Support => Topic started by: nmywn on July 15, 2016, 02:58:24 pm

Title: Does smartcoins have an option to turn off price feeds?
Post by: nmywn on July 15, 2016, 02:58:24 pm

What will happen when bitCNY:BTS become volume leader? Maybe i'm over optimistic but if this was not possible then i'm not interested with BTS.
 I've been wondering whether scenario such as this could have catastrophic consequences? Are you ready for that?
I'm sure this was already discussed 1000 times here (i think event like this is Bitshares wet dream) but i couldn't find any good topic about.

(http://i.imgur.com/vBD4AAd.png)

http://imgur.com/vBD4AAd

Title: Re: Does smartcoins have an option to turn off price feeds?
Post by: lil_jay890 on July 15, 2016, 03:58:45 pm

Why would having high volume on the DEX for a smart coin be catastrophic?

All you are looking at is volume from different exchanges... The leader can change daily.

Title: Re: Does smartcoins have an option to turn off price feeds?
Post by: nmywn on July 16, 2016, 09:30:44 am

I don't know, just digging around and thinking. If BTS price would be discovered at bitCNY:BTS and all external exchanges just following then price feed = bitCNY:BTS price. In that case price feed could be removed - possibility of feed manipulations by witnesses is directly proportional to the volume.
How BTC38 story ended?

Title: Re: Does smartcoins have an option to turn off price feeds?
Post by: EstefanTT on July 16, 2016, 01:01:49 pm

I think the price feed was initially envisioned by BM to deal with low liquidity market and have a objective price for the force settlement. When the MPA markets will have good liquidity and depth, the feed price won't have such an important role. 

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