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Main => General Discussion => Topic started by: Gentso1 on August 22, 2014, 03:16:48 pm

Title: When will pegging start?
Post by: Gentso1 on August 22, 2014, 03:16:48 pm
I understand that at least 51 delegates need to have feeds for pegging to start but what do these delegates need to do to actually start it? Is their a way to see which delegates have feeds vs which ones don't?
Title: Re: When will pegging start?
Post by: emski on August 22, 2014, 03:18:42 pm
Recommendations are not to publish price feeds yet.
Title: Re: When will pegging start?
Post by: Gentso1 on August 22, 2014, 03:20:31 pm
Recommendations are not to publish price feeds yet.

What specifically needs to happen to start publishing the feeds?

I understand why not to start yet. I just need to know what needs to happen to start it.
Title: Re: When will pegging start?
Post by: toast on August 22, 2014, 03:22:18 pm
Recommendations are not to publish price feeds yet.

What specifically needs to happen to start publishing the feeds?

I understand why not to start yet. I just need to know what needs to happen to start it.

We want to make sure all delegates are on 0.4.5 before we recommend publishing feeds.
Title: Re: When will pegging start?
Post by: emski on August 22, 2014, 03:23:28 pm
Subscribe to this thread to be informed: https://bitsharestalk.org/index.php?topic=7067.0 (https://bitsharestalk.org/index.php?topic=7067.0)
Title: Re: When will pegging start?
Post by: Gentso1 on August 22, 2014, 03:25:08 pm
Recommendations are not to publish price feeds yet.

What specifically needs to happen to start publishing the feeds?

I understand why not to start yet. I just need to know what needs to happen to start it.

We want to make sure all delegates are on 0.4.5 before we recommend publishing feeds.

Yup all ready on that thread.....

Is there anyway we can see from say the client which version the delegates are on?
Title: Re: When will pegging start?
Post by: bytemaster on August 22, 2014, 03:28:58 pm
We will do a network scan to see where everyone is and check with various exchanges to check their version.
Title: Re: When will pegging start?
Post by: Gentso1 on August 22, 2014, 03:35:48 pm
We will do a network scan to see where everyone is and check with various exchanges to check their version.

Awesome, the idea of ticker price at the top of the forum is great, maybe a network adoption version/scale would also be nice so we can all be logged on to see it.

Its going to be a huge history moment for the network.
Title: Re: When will pegging start?
Post by: liondani on August 22, 2014, 03:46:01 pm
I suggest we start with market-peg & bitAssets when the BTSX price starts to drop...  :P
Title: Re: When will pegging start?
Post by: bytemaster on August 22, 2014, 03:47:06 pm
I suggest we start with market-peg & bitAssets when the BTSX price starts to drop...  :P

Yes... it would be very bad for BTSX to drop 50% for a correction just after the first BitAssets were issued... best to launch after a correction :)
Title: Re: When will pegging start?
Post by: liondani on August 22, 2014, 03:55:51 pm
I suggest we start with market-peg & bitAssets when the BTSX price starts to drop...  :P

Yes... it would be very bad for BTSX to drop 50% for a correction just after the first BitAssets were issued... best to launch after a correction :)

 +5%

I am worried, with this strategy, that we must begin the markets after 2 months or so...  :) :P 8)
Title: Re: When will pegging start?
Post by: santaclause102 on August 22, 2014, 04:04:04 pm
Is it possible to predict any range? days? weeks?
Title: Re: When will pegging start?
Post by: bytemaster on August 22, 2014, 04:05:13 pm
Is it possible to predict any range? days? weeks?

Monday (so that all hands are on deck after a weekend)
Title: Re: When will pegging start?
Post by: Gentso1 on August 22, 2014, 04:12:41 pm
Is it possible to predict any range? days? weeks?

Monday (so that all hands are on deck after a weekend)

Ok so walk me through this.

You do a network scan and ideally we have 101 delegates using the newest version.
You then, click a button or do something on your end that enables the feeds. (what time is this part going to happen)
As long as enough delegates are running, feeds are started.
Once there are at least 51 delegates producing feeds market pegging starts automatically.
then the real ride up or down starts

The big reason for wanting the details is if you are looking to either buy more or get out before the sink or swim moment you need a time table to work with.
Title: Re: When will pegging start?
Post by: liondani on August 22, 2014, 04:16:12 pm
Yes... it would be very bad for BTSX to drop 50% for a correction just after the first BitAssets were issued...

would it be a good suggestion to propose to traders to use more than 200% collateral the first days or weeks just in case?...

Maybe it's not so bad because it would give great motives to buy bitUSDS !!!
Title: Re: When will pegging start?
Post by: ebit on August 22, 2014, 04:22:11 pm
rose:btsx trade is begin
Title: Re: When will pegging start?
Post by: Riverhead on August 22, 2014, 04:24:12 pm
rose:btsx trade is begin


I am guessing we do not need a rose market feed :)
Title: Re: When will pegging start?
Post by: bytemaster on August 22, 2014, 05:16:48 pm
rose:btsx trade is begin


I am guessing we do not need a rose market feed :)

These types of markets may form in the future... but right now there is little demand to hedge against changes in the value of a ROSE relative to BTSX
Title: Re: When will pegging start?
Post by: Riverhead on August 22, 2014, 05:22:01 pm

Depends on the Rose I guess :)

(http://s3.amazonaws.com/quietus_production/images/articles/5269/Axl_Rose_Picture_1289574013.jpg)
Title: Re: When will pegging start?
Post by: Gentso1 on August 22, 2014, 06:30:15 pm

Depends on the Rose I guess :)

(http://s3.amazonaws.com/quietus_production/images/articles/5269/Axl_Rose_Picture_1289574013.jpg)

Hopefully these roses don't have a thorn