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Messages - biophil

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586
General Discussion / Re: My experience in internet business (13 years from 2001)
« on: September 01, 2014, 02:41:27 am »
Just a quick note: one of bitshares' HUGE advantages over Nxt is that our Chinese community is huge, and Nxt's is not. So even if our technology were equal, we'd have a pretty big head start over them.

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587
General Discussion / Re: We are in the lead our enemies (NXT) know this.
« on: September 01, 2014, 12:56:34 am »
Can we please not call Next the enemy? Nxt has good people and good tech. Never forget that they were the first written-from-scratch POS cryptosystem, beating bitshares by months.
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588
General Discussion / Re: The key reason of wallet crashing--to the devs
« on: August 31, 2014, 09:01:13 pm »
Quote from: bytemaster on August 31, 2014, 06:01:59 pm
Thanks for this clue....  it would be nice if we could get some crash logs that capture the problem.

I've been sending the crash reports with every crash (I've had crashes on every Windows client since at least 0.4.7, and just had my first one on 4.10). Do I need to post something here about my crashes?

589
General Discussion / Re: The Robots Attached to Our Accounts
« on: August 31, 2014, 02:12:13 pm »
Sounds like a job for someone with a 3d printer!

590
BitShares PTS / Re: PTS Snapshot problem with Cryptsy
« on: August 29, 2014, 09:46:12 pm »
Quote from: schnib on August 29, 2014, 06:46:23 pm
So cryptsy does have them on their wallets, they just don't honor the pts holders and take them for himself ?

Correct. Cryptsy is sneaky like that. I've quit using them altogether.

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591
General Discussion / Re: Can't Short
« on: August 29, 2014, 03:12:29 pm »
Quote from: wesphily on August 29, 2014, 02:51:06 pm
Then why would the range be way below 38? I would think the safeguard would be trying to get the price in line. Instead it is not allowing a short above 30ish.

I just noticed that... that's weird. It appears to be a band around the 1h moving average, which is climbing fast.

592
General Discussion / Are delegates feeding random numbers for the USD/BTSX price?
« on: August 29, 2014, 02:55:03 pm »
Why is the average delegate USD/BTSX equal to 0.0556??? According to http://bitsharesblocks.com/#/assets/asset?id=22.

What is the feed number used for? Does it affect margin calls, or is that just the market price? If margin calls depend on price feeds, no wonder the peg is so far off - delegates are saying that a BTSX is still worth 5 cents, so we haven't had the flood of margin calls that should have blown out the shorts of all these people trading against the peg.

If the feed doesn't really affect anything, then ignore me. Otherwise, delegates are not doing their job. Only a very few delegates are feeding an accurate price.

593
General Discussion / Re: Can't Short
« on: August 29, 2014, 02:41:38 pm »
Please get out your spreadsheet and take a moment to understand what you're saying. BitUSD is worth about 80 cents right now. shorting at 38 would push the market price away from the peg.

594
General Discussion / Re: Good idea, but bad executor, BTSX is dying
« on: August 29, 2014, 02:36:18 pm »
Not bad, we fooled the FBI into ignoring us...

595
General Discussion / Re: USD : BTSX spread
« on: August 29, 2014, 01:35:33 pm »
Quote from: nikauforest on August 29, 2014, 01:30:43 pm
Quote from: biophil on August 29, 2014, 01:26:38 pm
See, I would say that the person shorting 2000 bitUSD at 80 cents is annoying, bordering on antisocial. Those people trying desperately to prop up the peg with their $1 orders are heroes. :)

So I noticed a lot of those one dollar orders just disappeared.

So is it fair to say maintaining the peg has been difficult? Perhaps a growing pain until more users come aboard?

I've had a lot of client problems, so I haven't been watching the peg as closely as I've wanted to. I hope it's only a growing pain, but I'm concerned that it's too easy to create new bitUSD and too difficult to destroy it, leading to an oversupply of bitUSD.

I'm not sure "difficult" is the word I would use, but it's true that bitUSD has been trading at a pretty consistent discount to USD.

596
General Discussion / Re: USD : BTSX spread
« on: August 29, 2014, 01:26:38 pm »
See, I would say that the person shorting 2000 bitUSD at 80 cents is annoying, bordering on antisocial. Those people trying desperately to prop up the peg with their $1 orders are heroes. :)

597
General Discussion / Re: why the margin orders list is empty?
« on: August 29, 2014, 12:51:17 pm »
Quote from: mavisjames on August 29, 2014, 03:01:21 am
Quote from: toast on August 29, 2014, 01:07:53 am
GUI is broken, you can see order book with blockchain_market_order_book USD BTSX

I think it would be a great idea to link that feed "blockchain_market_order_book" in a more user friendly format to somewhere on the website. It'll help traders check prices when they don't have access to their wallets and give the market more public exposure. @bytemaster

Has this been discussed amongst devs yet? I know you guys have bigger fish to fry but i definitely think a web based feed like that would be great

I've been thinking exactly the same thing. This would be an easy thing for a 3rd party to create - does invictus still post bounties for such things?

598
General Discussion / Re: why is bitUSD trading at a discount?
« on: August 29, 2014, 12:08:05 pm »
Quote from: xeroc on August 29, 2014, 11:56:40 am
True .. but there is no rational reason (at least to me) that the bitusd is worth LESS than the usd... any explanation?

I think there are a number of ways to look at it, but my favorite is this: the price of BitUSD is a combination of the price of USD and the short-term expectation of the price movement of BTSX. If people think there's a good chance the price of BTSX will rise quickly in the short-term, they'd rather short bitUSD than buy it. This is rational! If bitUSD is trading at a 20% discount but you think BTSX will double in value in the next two days (like it did earlier in the week), your expected profit by shorting bitUSD is more than your expected profit by buying bitUSD and supporting the peg. It's something like a tragedy of the commons.

This could be a problem - it means that when BTSX is low-volatility, we should expect to see a tighter peg, but that volatility in BTSX should cause fluctuations in the peg.

599
General Discussion / Re: Storj descentraliced cloud host -StorjcoinX
« on: August 29, 2014, 01:06:41 am »
Can't speak for their technology, but they're inflating their coins away like there's no tomorrow. Be glad you didn't donate to their crowdsale.

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600
General Discussion / Re: How is the bitUSD peg holding up?
« on: August 29, 2014, 01:04:14 am »
Quote from: cygnify on August 29, 2014, 12:57:44 am
There just isn't much demand for bitUSD atm. Hence the premium for it.
The only reason for this currently in my view is there are no solid other markets yet for bitUSD to be spent on or traded against (bitUSD <-> bitBTC would be one great helper).

In my eyes its going OK so far, more mature markets will help. As well as having more traders (as well as arbitrage opportunities) and less BTSX speculators (perma-bulls it seems) trading the markets.

Yeah, I'm not worried about the 15% discount. Any time people expect short-term rapid growth for BTSX, bitAssets will see a lot of shorting pressure. The price of a bitUSD is a combination of the price of USD and the aggregate expected short-term price movement of BTSX.

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