It's a bit off topic but I still ask this question here because most of the traders of this community watch this thread.

You (traders) probably saw my thread on the creation of a weighted index of the top 20 cryptocurrencies by market capitalisation. It's almost done, it shouldn't be long now for me to officialize the web site and create the smartcoin.

If you didn't see the thread, here it is : https://bitsharestalk.org/index.php/topic,21999.30.html

The force settlement offset is by default at 1%, @Empirical1.2  tell me this :

"If I was too guess, I would think you might have more people willing to go long than short, so you would probably want to offset that with settings that are more favourable for shorters. A force settlement offset of 5% should be more positive for people shorting the index as they would be less worried that they are going to be force settled against unexpectedly. I think, I'm not sure about that though."

Which make a lot of sense ! Any of you have some thought about it or see another % fit better

Please consider answer on the original thread ( https://bitsharestalk.org/index.php/topic,21999.30.html ) so it doesn't disturb the conversation on the bts price, thanks guys ;p

Quote from: EstefanTT on March 25, 2016, 06:35:56 pm

I don't understand the difference between permissions and flags, it seems the same to me ...

If you have permissions enabled you MAY use those features but don't need to do so ..
You can ACTUALLY enable a feature by enabling the corresponding FLAG!

Note, that, once you have disabled a PERMISSION!! you cannot re-enable it. It is like an indefinite opt-out!

Thanks for the explanation, make more sense now.

I was going to enable these 3 permissions :

# Enable market fee
# Allow issuer to force a global settling
# Allow witnesses to provide feeds

I'm not sure if I'm missing something important. Do you know a place where I can read more info about these permissions ?

A few month ago, there was a debate on the "PERCENT OFFSET OF FORCED SETTLEMENTS" and the "MAX FORCE SETTLE VOL" for BitUSD and other smartcoins. I think TCNY have done it differently that BitUSD.

They are set by default that way  :

Force settlement offset   1%
Max force settle vol   20%

Do someone have an opinion on wich kind of values would fit better to an index ?

Quote from: Empirical1.2 on March 23, 2016, 01:20:38 pm

You can't fake volume very easily/for very long when you're paying 0.2% per trade can you?

except you are the exchange owner... so the fees come back to you...

That's why I first consider the MC, because it's the only thing you can't fake. The only way to manipulate the MC is by pouring your money in the coin ;p

Quote from: EstefanTT on March 23, 2016, 12:22:38 am

There is plenty of ways to weight an index. In the crypto currencies world, there will be probably, in the future, lots of indexes.

For now, I have a good one running since july 2015 and giving an acurate information about the evolution of the crypto currencies in a global way vs fiat money. I just have to make the economical input information scripts a little more reliable and create the smartcoin. It probbaly can be done in a matter of days.

I made this thread to brainstorm with this community on the index before creating it. When I see that 21xhipster rushed into creating some sort of Bit20 without understanding fully the details of it, I feel that I shouldn't have share publicly my idea about the index I was going to create.

BitShares is a free market place, everyone is free to do whatever he wants on it. I knew there were the possibility that someone could try to create an index before I do.

Anyway, from now on, I won't share any more details on the index composition and structure, nor the website and other related projects. I'll only participate to the debate and brainstorm to avoid giving to much information. The bit20 website is also disable at the moment, it will be available again soon, after I remove the sensitive information from tne public side.

First nothing was actually created yet. I've just was curious how I can use in what I invested almost two years ago :-) We have our own methodology we are working for 2 years already which was published long time ago :-) I don't understand what you are worrying about really :-)

I just expressed my concerns about the fact that it wasn't maybe a good idea to openly discuss my plan on making a crypto index on BitShares.

Competion is good and more indexes on this platform will benefit BitShares wich is the most important to me.

You'll agree with me that it's completely natural that I don't want to give more information about my project on creating a index of the top 20 crypto by MC when I see two days after I create a thread about it that someone create a >>>

"cyber•Index 20
Cyber Index. Include Top-20 assets by capitalization"

I'm sure you can understand my position.

If I may suggest, you have been working on a way to select the best crypto currencies with sophisticated process. That's an impressiv work ! You should take advantage of all this work and create a index different from what I'm doing, something based on what you have in cyber.fund. It would be great to see how our both indexes are progressing vs fiat money and vs each other !


 

There is plenty of ways to weight an index. In the crypto currencies world, there will be probably, in the future, lots of indexes.

For now, I have a good one running since july 2015 and giving an acurate information about the evolution of the crypto currencies in a global way vs fiat money. I just have to make the economical input information scripts a little more reliable and create the smartcoin. It probbaly can be done in a matter of days.

I made this thread to brainstorm with this community on the index before creating it. When I see that 21xhipster rushed into creating some sort of Bit20 without understanding fully the details of it, I feel that I shouldn't have share publicly my idea about the index I was going to create.

BitShares is a free market place, everyone is free to do whatever he wants on it. I knew there were the possibility that someone could try to create an index before I do.

Anyway, from now on, I won't share any more details on the index composition and structure, nor the website and other related projects. I'll only participate to the debate and brainstorn to avoid giving to much information. The bit20 website is also disable at the moment, it will be available again soon, after I remove the sensitive information from tne public side.

Great initiative.  Let me know if there is any way I can assist.

I will ! This thread is also a way to know people interested in the project