BitShares Forum

Main => General Discussion => Topic started by: Stan on May 05, 2017, 07:48:15 pm

Title: The Hero from BitShares Island
Post by: Stan on May 05, 2017, 07:48:15 pm
...and the return of +1

https://steemit.com/bitshares/[member=6]Stan[/member]/the-hero-from-bitshares-island-5

(https://steemitimages.com/0x0/https://i.gyazo.com/9f737524fd6f2263cce80f46b1691927.png)
Title: Re: The Hero from BitShares Island
Post by: fav on May 05, 2017, 09:06:16 pm
 +5%
Title: Re: The Hero from BitShares Island
Post by: fluxer555 on May 06, 2017, 12:17:20 am
If I'm not mistaken, this is an idea you've been talking about for years, ever since market pegged assets came out. Your timing here seems to indicate that you're very bullish on BTS.
Title: Re: The Hero from BitShares Island
Post by: Musewhale on May 06, 2017, 12:47:45 am
 +5%
Title: Re: The Hero from BitShares Island
Post by: Stan on May 06, 2017, 01:20:51 am
If I'm not mistaken, this is an idea you've been talking about for years, ever since market pegged assets came out. Your timing here seems to indicate that you're very bullish on BTS.

You need to think BIGGER, Pinky.  :)
Title: Re: The Hero from BitShares Island
Post by: 天籁 on May 06, 2017, 02:53:43 am
+5%
Title: Re: The Hero from BitShares Island
Post by: robrigo on May 06, 2017, 03:18:35 am
This is awesome!  +5%
Title: Re: The Hero from BitShares Island
Post by: twitter on May 06, 2017, 03:58:04 am
If I'm not mistaken, this is an idea you've been talking about for years, ever since market pegged assets came out. Your timing here seems to indicate that you're very bullish on BTS.

You need to think BIGGER, Pinky.  :)

What's bigger and pinky?
Title: Re: The Hero from BitShares Island
Post by: hodor on May 06, 2017, 06:13:30 am
Hodor
Title: Re: The Hero from BitShares Island
Post by: fav on May 06, 2017, 07:19:29 am
needs feeders!
Title: Re: The Hero from BitShares Island
Post by: Stan on May 06, 2017, 09:43:36 pm
If I'm not mistaken, this is an idea you've been talking about for years, ever since market pegged assets came out. Your timing here seems to indicate that you're very bullish on BTS.

You need to think BIGGER, Pinky.  :)

What's bigger and pinky?

Featured figure in the subject post, and...

https://www.youtube.com/watch?v=iJPFSNu_QNs

Title: Re: The Hero from BitShares Island
Post by: konelectric on May 06, 2017, 10:08:04 pm
5% interest deserves a  +5%
Title: Re: The Hero from BitShares Island
Post by: Musewhale on May 07, 2017, 06:01:35 am
The map, like the male genitalia
Title: Re: The Hero from BitShares Island
Post by: fav on May 07, 2017, 06:30:22 am
The map, like the male genitalia

you need to see a doctor immediately if your genitalia looks like that
Title: Re: The Hero from BitShares Island
Post by: wackou on May 08, 2017, 11:04:45 am
[member=6]Stan[/member] can witnesses already start publishing a feed or do you need to first approve them? I just tried to do so but got the following error:

Code: [Select]
0 exception: unspecified
10 assert_exception: Assert Exception
bitasset.feeds.count(o.publisher):
    {}
    th_a  asset_evaluator.cpp:530 do_evaluate

    {"o":{"fee":{"amount":725,"asset_id":"1.3.0"},"publisher":"1.2.277","asset_id":"1.3.1362","feed":{"settlement_price":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":1000000000,"asset_id":"1.3.0"}},"maintenance_collateral_ratio":1750,"maximum_short_squeeze_ratio":1500,"core_exchange_rate":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":950000000,"asset_id":"1.3.0"}}},"extensions":[]}}
    th_a  asset_evaluator.cpp:534 do_evaluate

    {}
    th_a  evaluator.cpp:51 start_evaluate

    {"op":[19,{"fee":{"amount":725,"asset_id":"1.3.0"},"publisher":"1.2.277","asset_id":"1.3.1362","feed":{"settlement_price":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":1000000000,"asset_id":"1.3.0"}},"maintenance_collateral_ratio":1750,"maximum_short_squeeze_ratio":1500,"core_exchange_rate":{"base"
[...]

IIRC that's the error you get when not authorized (I could very well be wrong here)
Title: Re: The Hero from BitShares Island
Post by: wackou on May 08, 2017, 11:07:54 am
also, what are the recommended MSSR and MCR for this asset?
Title: Re: The Hero from BitShares Island
Post by: Stan on May 08, 2017, 12:23:17 pm
[member=6]Stan[/member] can witnesses already start publishing a feed or do you need to first approve them? I just tried to do so but got the following error:

Code: [Select]
0 exception: unspecified
10 assert_exception: Assert Exception
bitasset.feeds.count(o.publisher):
    {}
    th_a  asset_evaluator.cpp:530 do_evaluate

    {"o":{"fee":{"amount":725,"asset_id":"1.3.0"},"publisher":"1.2.277","asset_id":"1.3.1362","feed":{"settlement_price":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":1000000000,"asset_id":"1.3.0"}},"maintenance_collateral_ratio":1750,"maximum_short_squeeze_ratio":1500,"core_exchange_rate":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":950000000,"asset_id":"1.3.0"}}},"extensions":[]}}
    th_a  asset_evaluator.cpp:534 do_evaluate

    {}
    th_a  evaluator.cpp:51 start_evaluate

    {"op":[19,{"fee":{"amount":725,"asset_id":"1.3.0"},"publisher":"1.2.277","asset_id":"1.3.1362","feed":{"settlement_price":{"base":{"amount":246108,"asset_id":"1.3.1362"},"quote":{"amount":1000000000,"asset_id":"1.3.0"}},"maintenance_collateral_ratio":1750,"maximum_short_squeeze_ratio":1500,"core_exchange_rate":{"base"
[...]

IIRC that's the error you get when not authorized (I could very well be wrong here)

Xeroc is helping, certafying and formally authorizing all feed providers.  PM him.
Title: Re: The Hero from BitShares Island
Post by: wackou on May 08, 2017, 12:35:32 pm
Xeroc is helping, certafying and formally authorizing all feed providers.  PM him.

will do, thanks for the quick answer!
Title: Re: The Hero from BitShares Island
Post by: deepsynergy on May 09, 2017, 07:22:24 am
Hey guys!

I made some symbol designs for HERO. Please have a look at them in the link below and drop me some feedback so that I can improve the designs upon that.

(https://steemitimages.com/0x0/https://steemitimages.com/DQmPBp9oLnDmw3RY1C64sioaFe8H4o9rBuRsNQsoHUvcPUj/hero_logo_3designs.jpg)

http://bit.ly/2pfyapb (steemit.com/bitshares/[member=43865]deepsynergy[/member]/symbol-designs-for-bitshares-formula-pegged-asset-hero)

I also had a chat with Stan and I'm planning to create some more conservative designs for older demographics as well.

Thank you and waiting for your feedback!
Title: Re: The Hero from BitShares Island
Post by: konelectric on May 09, 2017, 10:31:07 am
Hey guys!

I made some symbol designs for HERO. Please have a look at them in the link below and drop me some feedback so that I can improve the designs upon that.

(https://steemitimages.com/0x0/https://steemitimages.com/DQmPBp9oLnDmw3RY1C64sioaFe8H4o9rBuRsNQsoHUvcPUj/hero_logo_3designs.jpg)

https://steemit.com/bitshares/[member=43865]deepsynergy[/member]/symbol-designs-for-bitshares-formula-pegged-asset-hero

I also had a chat with Stan and I'm planning to create some more conservative designs for older demographics as well.

Thank you and waiting for your feedback!

Workable link: http://bit.ly/2pfyapb
Title: Re: The Hero from BitShares Island
Post by: Musewhale on May 09, 2017, 01:42:51 pm
Hey guys!

I made some symbol designs for HERO. Please have a look at them in the link below and drop me some feedback so that I can improve the designs upon that.

(https://steemitimages.com/0x0/https://steemitimages.com/DQmPBp9oLnDmw3RY1C64sioaFe8H4o9rBuRsNQsoHUvcPUj/hero_logo_3designs.jpg)

http://bit.ly/2pfyapb (steemit.com/bitshares/[member=43865]deepsynergy[/member]/symbol-designs-for-bitshares-formula-pegged-asset-hero)

I also had a chat with Stan and I'm planning to create some more conservative designs for older demographics as well.

Thank you and waiting for your feedback!

Ugly to explode
Title: Re: The Hero from BitShares Island
Post by: blockchained on May 10, 2017, 11:37:43 am
We are ready to participate and can start producing feeds for the HERO from our witness node blckchnd as soon as the list of feed producers is updated.
Title: Re: The Hero from BitShares Island
Post by: fav on May 10, 2017, 03:25:26 pm
We are ready to participate and can start producing feeds for the HERO from our witness node blckchnd as soon as the list of feed producers is updated.
+5%
Title: Re: The Hero from BitShares Island
Post by: Stan on May 10, 2017, 03:41:08 pm
We are ready to participate and can start producing feeds for the HERO from our witness node blckchnd as soon as the list of feed producers is updated.
+5%

Super!
Love seeing +1 have its intended meaning again!
Title: Re: The Hero from BitShares Island
Post by: Permie on May 11, 2017, 10:08:15 am
Could somebody clarify how HERO actually works?

If HERO will be worth 5% more next year than what it is today, where does this 5% of wealth come from?

Cheers
Title: Re: The Hero from BitShares Island
Post by: robrigo on May 11, 2017, 12:42:28 pm
The annual 5% comes from the shorters. Check out http://docs.hero.global/en/master/ for more details.
Title: Re: The Hero from BitShares Island
Post by: Permie on May 11, 2017, 01:02:18 pm
The annual 5% comes from the shorters. Check out http://docs.hero.global/en/master/ for more details.
Thanks Robrigo

I would have hoped to see this kind of shareholder-relevant information linked to in the OP, Stan.
I guess intrigue and suspense is what you're going for, but isn't the whole point of that to increase the speculative value of BitShares to new investors?

Easy-access quick-to-digest information helps reduce the information asymmetry between the BTS in-crowd and the wider potential investor audience.

I suppose if you do in fact only wish to inform the in-crowd, those who will bother to investigate further on their own, then it makes sense.
Not necessarily bad.

I get the impression that you, Stan, want to see BTS rise in value based lots of customers using BitShares' products. Lots of BTS to be locked up in collateral in SmartCoins.
As opposed to Speculative investment.

Why not both?
Title: Re: The Hero from BitShares Island
Post by: Stan on May 11, 2017, 01:16:09 pm
Could somebody clarify how HERO actually works?

If HERO will be worth 5% more next year than what it is today, where does this 5% of wealth come from?

Cheers

Best explanation is a Xeroc's wiki: hero.global (http://hero.global).
http://docs.hero.global/en/master/peg.html (http://docs.hero.global/en/master/peg.html)

An excerpt:

Who pays the interest?

The shorters do! Those that are willing to lock BTS away as collateral for the HERO need to ensure that the value of their collateral grows by more than 5% every year. Since the minimum collateral ratio is 200%, most shorters speculate on the value of BTS to grow by at least 2.5% after a year which would covers their obligation to top up the collateral sufficiently.

Of course, the BTS token will still be volatile! Basically, by shorting HERO with 200% collateral and issuing a new token with face-value (together with margin calls and settlements) establishes a system in equilibrium.

One the one side, there is 200% of the volatility, while on the other side, there is none. This is the general concept behind market-pegged assets, or smartcoins. Those on the short side experience the volatility and epxect the collateral to rise in price, while those on the long side enjoy the stability of their token.

The HERO does the same, except that it forces the shorters to also hand over a fixed +5% interest per year to the long side of the trades. Independent of the shorters making profit at all, they will need to provide the +5% interest to the long position.

Thus, the HERO represents a Peer-2-peer free currency where shorts and longs are provided by individual traders across the planet with no central entity having control over the issuance process.
Title: Re: The Hero from BitShares Island
Post by: Stan on May 11, 2017, 01:37:14 pm
The annual 5% comes from the shorters. Check out http://docs.hero.global/en/master/ for more details.
Thanks Robrigo

I would have hoped to see this kind of shareholder-relevant information linked to in the OP, Stan.
I guess intrigue and suspense is what you're going for, but isn't the whole point of that to increase the speculative value of BitShares to new investors?

Easy-access quick-to-digest information helps reduce the information asymmetry between the BTS in-crowd and the wider potential investor audience.

I suppose if you do in fact only wish to inform the in-crowd, those who will bother to investigate further on their own, then it makes sense.
Not necessarily bad.

I get the impression that you, Stan, want to see BTS rise in value based lots of customers using BitShares' products. Lots of BTS to be locked up in collateral in SmartCoins.
As opposed to Speculative investment.

Why not both?

The Wiki didn't exist at the time of the first article.
It will of course be featured in future articles.

As far as who gets first access to knowledge, think of it as a form of information share drop - I'm publishing it in forums frequented by our most loyal die-hard supporters first and they can disseminate it outward to the world from there.

I'm really just following the example of Jesus Chist who provided plenty of proof for those who wanted to believe and yet left lots of room for those who didn't want to believe to walk away.

But don't worry, by the end of this month everyone will have heard about it.

Those who acted on this information when it first went public have already received the moral equivalent of a 1000% share drop.   :)

That's the way it should be.

 :)

 
Title: Re: The Hero from BitShares Island
Post by: lil_jay890 on May 11, 2017, 02:05:49 pm
Stan invoking Jesus Christ to incite FOMO...

Pretty extreme even by Stan's standards
Title: Re: The Hero from BitShares Island
Post by: Stan on May 11, 2017, 02:11:33 pm
Stan invoking Jesus Christ to incite FOMO...

Pretty extreme even by Stan's standards

Actually, no.  That was my mini sermon for the day. 
50% of my posts on Steemit over the past year are on that far more important topic, not BitShares.  :)
Title: Re: The Hero from BitShares Island
Post by: yvv on May 11, 2017, 02:20:07 pm
Saying that HERO pays interest is misleading, because it does not. If you have 1 HERO now, you'll have the same 1 HERO next year and next year and so on... It's buying power relative to USD is going to increase, because shorters are forced to pay more USD when you settle it. This is different from paying interest.
Title: Re: The Hero from BitShares Island
Post by: Stan on May 11, 2017, 02:23:04 pm
Saying that HERO pays interest is misleading, because it does not. If you have 1 HERO now, you'll have the same 1 HERO next year and next year and so on... It's buying power relative to USD is going to increase, because shorters are forced to pay more USD when you settle it. This is different from paying interest.

Correct.  Xeroc explains this in his Hero wiki.
Title: Re: The Hero from BitShares Island
Post by: Permie on May 11, 2017, 04:10:34 pm
Stan invoking Jesus Christ to incite FOMO...

Pretty extreme even by Stan's standards

Actually, no.  That was my mini sermon for the day. 
50% of my posts on Steemit over the past year are on that far more important topic, not BitShares.  :)
Very interesting posts they are too.
 +5%
Title: Re: The Hero from BitShares Island
Post by: biophil on May 11, 2017, 08:56:21 pm
I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/[member=6789]biophil[/member]/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/[member=6789]biophil[/member]/who-will-pay-the-interest-on-hero
Title: Re: The Hero from BitShares Island
Post by: yvv on May 11, 2017, 10:19:00 pm
I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/[member=6789]biophil[/member]/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/[member=6789]biophil[/member]/who-will-pay-the-interest-on-hero

Here is an example when a person got completely confused by "5% return" claim. There is not 5% return, 1 HERO will always stay 1 HERO. 5% is a rate of increase of underlying peg index relative to USD.
Title: Re: The Hero from BitShares Island
Post by: fluxer555 on May 11, 2017, 10:24:05 pm
I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/[member=6789]biophil[/member]/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/[member=6789]biophil[/member]/who-will-pay-the-interest-on-hero

Here is an example when a person got completely confused by "5% return" claim. There is not 5% return, 1 HERO will always stay 1 HERO. 5% is a rate of increase of underlying peg index relative to USD.

If you read his steem articles, it's clear he understands this.
Title: Re: The Hero from BitShares Island
Post by: biophil on May 11, 2017, 10:41:52 pm
I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/[member=6789]biophil[/member]/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/[member=6789]biophil[/member]/who-will-pay-the-interest-on-hero

Here is an example when a person got completely confused by "5% return" claim. There is not 5% return, 1 HERO will always stay 1 HERO. 5% is a rate of increase of underlying peg index relative to USD.

I'll assume you didn't read my articles. I do understand the distinction, hence the word "effective." I'm arguing that HERO is very unlikely to average 5% appreciation, because it will probably ​trade at a large premium (on average) to the price feed. Simultaneously, if it trades at a large premium to the price feed, it will be subject to unpredictable price swings because the smartcoin mechanism only stabilizes price effectively when you're close to the feed. If HERO shorters aren't careful with Stan's bullish language, they're going to lose a lot of money while they're wondering why the price of HERO won't fall.

If you're bullish about HERO, you should read my articles and tell me why I'm wrong. I welcome the feedback!
Title: Re: The Hero from BitShares Island
Post by: Stan on May 11, 2017, 11:40:07 pm
I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/[member=6789]biophil[/member]/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/[member=6789]biophil[/member]/who-will-pay-the-interest-on-hero

Here is an example when a person got completely confused by "5% return" claim. There is not 5% return, 1 HERO will always stay 1 HERO. 5% is a rate of increase of underlying peg index relative to USD.

I'll assume you didn't read my articles. I do understand the distinction, hence the word "effective." I'm arguing that HERO is very unlikely to average 5% appreciation, because it will probably ​trade at a large premium (on average) to the price feed. Simultaneously, if it trades at a large premium to the price feed, it will be subject to unpredictable price swings because the smartcoin mechanism only stabilizes price effectively when you're close to the feed. If HERO shorters aren't careful with Stan's bullish language, they're going to lose a lot of money while they're wondering why the price of HERO won't fall.

If you're bullish about HERO, you should read my articles and tell me why I'm wrong. I welcome the feedback!

Thanks for your thoughtful analysis.
I commented on them in your articles on Steemit.
Title: Re: The Hero from BitShares Island
Post by: konelectric on May 12, 2017, 02:25:12 am
I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/[member=6789]biophil[/member]/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/[member=6789]biophil[/member]/who-will-pay-the-interest-on-hero

Shorter links:
http://bit.ly/2qarwO4 
http://bit.ly/2q90XKM
Title: Re: The Hero from BitShares Island
Post by: sahkan on May 12, 2017, 02:32:44 am
I have the feeds set up for when this thing kicks off.
Title: Re: The Hero from BitShares Island
Post by: konelectric on May 12, 2017, 02:47:27 am
For the newbie here interested in this thread. Start here: https://bitsharestalk.org/index.php/topic,22696.0.html
Title: Re: The Hero from BitShares Island
Post by: Stan on May 12, 2017, 03:52:37 am
I have the feeds set up for when this thing kicks off.

+1
Title: Re: The Hero from BitShares Island
Post by: Thom on May 12, 2017, 04:14:38 am
I have the feeds set up for when this thing kicks off.

I'm just waiting for a "GO!", all ready and set to feed...
Title: Re: The Hero from BitShares Island
Post by: fav on May 12, 2017, 05:12:31 am
if you want to provide feed make sure to talk to xeroc first. last thing I heard was that there are not enough feed providers  registered.
Title: Re: The Hero from BitShares Island
Post by: sahkan on May 12, 2017, 05:19:39 am
if you want to provide feed make sure to talk to xeroc first. last thing I heard was that there are not enough feed providers  registered.
I think [member=120]xeroc[/member] already knows, he is in our telegram channel and [member=6601]wackou[/member] updated BTS Tools to 0.4.12 with HERO feeds as an option.
Title: Re: The Hero from BitShares Island
Post by: wackou on May 12, 2017, 10:11:27 am
if you want to provide feed make sure to talk to xeroc first. last thing I heard was that there are not enough feed providers  registered.
I think [member=120]xeroc[/member] already knows, he is in our telegram channel and [member=6601]wackou[/member] updated BTS Tools to 0.4.12 with HERO feeds as an option.

I think you need to send an email anyway to feed[member=8619]hero[/member].global to get on the list of approved publishers. See here: http://docs.hero.global/en/master/feedproducer.html
Title: Re: The Hero from BitShares Island
Post by: alt on May 12, 2017, 02:18:34 pm
what's the plan?
how many will you spent,
how many time will you use,
how many people will you hire,
or just another great idea will bring us to the moon?
Title: Re: The Hero from BitShares Island
Post by: Stan on May 12, 2017, 05:11:45 pm
what's the plan?
how many will you spent,
how many time will you use,
how many people will you hire,
or just another great idea will bring us to the moon?

I have shared access to the golden goose with everyone.
But I'll hold off on sharing what I plan to do with my eggs.

 :)
Title: Re: The Hero from BitShares Island
Post by: fav on May 12, 2017, 05:29:23 pm
In order to obtain a slot as feed producer, please send an email to::: feed[member=8619]hero[/member].global

 http://docs.hero.global/en/master/feedproducer.html
Title: Re: The Hero from BitShares Island
Post by: alt on May 13, 2017, 12:36:57 am
what's the plan?
how many will you spent,
how many time will you use,
how many people will you hire,
or just another great idea will bring us to the moon?

I have shared access to the golden goose with everyone.
But I'll hold off on sharing what I plan to do with my eggs.

 :)
thanks, I'll ignore it, good luck.
Title: Re: The Hero from BitShares Island
Post by: fav on May 15, 2017, 02:49:00 pm
In order to obtain a slot as feed producer, please send an email to::: feed[member=8619]hero[/member].global

 http://docs.hero.global/en/master/feedproducer.html

I think there are only 2 spots left now... someone fill the spots please :)
Title: Re: The Hero from BitShares Island
Post by: fav on May 17, 2017, 03:43:59 pm
first
(http://i.imgur.com/Eh6zjV1.png)
Title: Re: The Hero from BitShares Island
Post by: Permie on May 17, 2017, 05:23:23 pm
first
(http://i.imgur.com/Eh6zjV1.png)
Wow nice

So... a grandma could buy $1000 worth of HERO and sit tight and withdraw her 5% profits over her pension?
Today?
Title: Re: The Hero from BitShares Island
Post by: pc on May 17, 2017, 05:47:10 pm
Here's my prediction:

Crypto markets are currently overheated, which means that a significant correction will happen sooner or later. At that point, most BitAssets, including HERO, will be undercollateralized and suffer a black swan. Everybody loses.
Title: Re: The Hero from BitShares Island
Post by: Permie on May 17, 2017, 06:20:08 pm
Here's my prediction:

Crypto markets are currently overheated, which means that a significant correction will happen sooner or later. At that point, most BitAssets, including HERO, will be undercollateralized and suffer a black swan. Everybody loses.
So you are predicting that the bts price will drop so fast as to trigger a chain of margin calls in the short positions of SmartCoins will not be able to sell their assets to repay their debt to the BitShares blockchain?

If you were a very large short position on SmartCoins right now, would you be settling the debt ASAP and holding in bts?

I have noticed the total Market Cap of SmartCoins has dropped by over 50% since yesterday:
https://bitsharestalk.org/index.php/topic,24159.0.html
Title: Re: The Hero from BitShares Island
Post by: JamesK56 on May 17, 2017, 06:21:46 pm
Are HERO's now available and how does one go about collateralizing them in the wallet?  I have an OpenLedger wallet.
Title: Re: The Hero from BitShares Island
Post by: fav on May 17, 2017, 06:36:58 pm
Are HERO's now available and how does one go about collateralizing them in the wallet?  I have an OpenLedger wallet.

use bitshares.org/wallet or https://wallet.bitshares.eu/market/HERO_BTS - OL did not fix the bug yet
Title: Re: The Hero from BitShares Island
Post by: mea123 on May 17, 2017, 07:11:24 pm
If I'm not mistaken, this is an idea you've been talking about for years, ever since market pegged assets came out. Your timing here seems to indicate that you're very bullish on BTS.

You need to think BIGGER, Pinky.  :)

What's bigger and pinky?

Featured figure in the subject post, and...

https://www.youtube.com/watch?v=iJPFSNu_QNs

well I just felt I wasted my time watching crab video
is this possible
Title: Re: The Hero from BitShares Island
Post by: JamesK56 on May 17, 2017, 09:07:50 pm
Not skilled in trading and I am interested in collateralizing HERO's but I am confused.  I thought the HERO was a stable FPA which would be valued based on the 1913 US$ with 5% APR.  Value would continue to just increase based on formula.  Now I see that there is a buy/sell wall and values change with demand.  Does not make it stable at all.  Can someone please enlighten me.
Title: Re: The Hero from BitShares Island
Post by: Thom on May 17, 2017, 09:51:50 pm
Not skilled in trading and I am interested in collateralizing HERO's but I am confused.  I thought the HERO was a stable FPA which would be valued based on the 1913 US$ with 5% APR.  Value would continue to just increase based on formula.  Now I see that there is a buy/sell wall and values change with demand.  Does not make it stable at all.  Can someone please enlighten me.

This asset is less than 24 hours old. I can understand why you might be confused. This is a "BitAsset" which is pegged to the value of the USD feed + 5%

The "interest" will not be paid by the BitShares reserver pool but rather by speculation initially and after awhile shorters in the market will provide a revenue stream. You can read about the theory in this steemit article here (http://goo.gl/FAlUVX) and here (https://www.google.com/url?q=https://steemit.com/bitshares/%40biophil/who-will-pay-the-interest-on-hero&sa=U&ved=0ahUKEwicoL_U9PfTAhWhslQKHbgDCYUQFggKMAI&client=internal-uds-cse&usg=AFQjCNEATiJws_8ynjaYjejfwbh0TNUfwA).
Title: Re: The Hero from BitShares Island
Post by: biophil on May 17, 2017, 11:27:27 pm
Not skilled in trading and I am interested in collateralizing HERO's but I am confused.  I thought the HERO was a stable FPA which would be valued based on the 1913 US$ with 5% APR.  Value would continue to just increase based on formula.  Now I see that there is a buy/sell wall and values change with demand.  Does not make it stable at all.  Can someone please enlighten me.

"Stable FPA" means only that it has a well-defined price floor, and in this case, that price floor is equal to the 1913 USD +5% annually.

However, the price floor only means that it can be redeemed for BTS at that price at any time; people are free to trade it at whatever price they want. In this case, because it's designed to increase in value, I expect that it's likely to be traded consistently above the price floor. I explain my rationale for this in one of the Steemit articles that Thom linked to.
Title: Re: The Hero from BitShares Island
Post by: JamesK56 on May 17, 2017, 11:43:40 pm
So if I was to collateralize it with my BTS I should be getting floor price and not trading price. What is the method to exchange collateral for Hero's other than the trading site
Title: Re: The Hero from BitShares Island
Post by: biophil on May 18, 2017, 03:03:45 am
So if I was to collateralize it with my BTS I should be getting floor price and not trading price. What is the method to exchange collateral for Hero's other than the trading site

No matter what you do with a smartcoin you'll be interacting with the open market. Either you're borrowing to short sell (I assume what you mean by collateralize), or you're buying outright because you want to collect the 5% gains.

You get the floor price if you own a HERO and you request settlement, which you'd do if the price we're consistently well below the floor price.
Title: Re: The Hero from BitShares Island
Post by: fav on May 22, 2017, 08:14:27 pm
HERO trading on OpenLedger works now
Title: Re: The Hero from BitShares Island
Post by: brendio on July 15, 2019, 09:26:38 am
I have the feeds set up for when this thing kicks off.

I see you stopped producing feeds a couple of weeks ago. I'm not sure whether this corresponded with you falling out of the active witnesses list. In any case, it has meant that there are no longer enough valid feeds to produce a price for the HERO asset.

So, sorry to necro-bump, but is HERO dead?

Here's my prediction:

Crypto markets are currently overheated, which means that a significant correction will happen sooner or later. At that point, most BitAssets, including HERO, will be undercollateralized and suffer a black swan. Everybody loses.
So you are predicting that the bts price will drop so fast as to trigger a chain of margin calls in the short positions of SmartCoins will not be able to sell their assets to repay their debt to the BitShares blockchain?

If you were a very large short position on SmartCoins right now, would you be settling the debt ASAP and holding in bts?

I have noticed the total Market Cap of SmartCoins has dropped by over 50% since yesterday:
https://bitsharestalk.org/index.php/topic,24159.0.html
This prediction turned out pretty spot on, in retrospect.