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Topics - Gleepower

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General Discussion / Options and Futures contracts

« on: December 26, 2017, 07:32:24 pm »

Would there ever be interest in getting options and futures smart contracts for bitshares? I think options especially would be a great boon for bitshares, since no one really offers options on bitcoin at the moment. Are there any barriers to getting these implemented? (expiry date, counterparty risk).

General Discussion / BTWTY trading at a great excess of its settlement price

« on: December 24, 2017, 05:05:39 pm »

Hey guys,

the BTWTY Smartcoin based on the crypto etf http://www.bittwenty.com/ currently (2017/12/24 17:00 GMT) has a settlement price of 446,681 BTS/BTWTY yet people are buying this at prices more than double this, at
1,094,101 BTS/BTWTY.

If you were allowed to short this market, you could sell the long position for more than the collateral you put in to short it, since the market price >= feedprice * 1.75. I don't understand why people are buying this smartcoin at such an incredible premium. Do the purchasers not understand that their effectively buying a callable loan for £5 for £12?

As an aside, why is no one allowed to short this? Doing so might allow its price to go to a reasonable level - giving us a nice diversified etf in crypto secured on the blockchain.

General Discussion / Smartcoins on an interest/dividend paying asset?

« on: December 19, 2017, 11:53:58 pm »

Would it be possible (theoretically) to have a smartcoin based on(e.g its underlying asset is) an interest bearing asset? I ask because I'm quite interested in this force settlement thing - which is akin to a bank converting it's deposits to equity. If banks were equity funded, and we used smartcoins where the underlying asset are the shares in the bank we could have a very interesting banking model with no bank runs (because of this force settlement)! The capital requirements of today (e.g. 5% of your assets risk-weighted or some kind of VAR metric) would be replaced with a margin requirement.

Technical Support / Force settled bit CNY - haven't received any BTS

« on: December 19, 2017, 11:33:03 pm »

Hello Bitshares,

Been playing around with the platform for a few days now and I think it's been fantastic. However, I just bought some BitCNY, and tried to settle it, which by my understanding will make the least-collaterizaled short position give (the feed price of BTS/bitCNY) * number of bitCNY) to me. However, having done so, I haven't received any BTS! Should I be worried, or does the process just take a litte while?

https://imgur.com/a/01DZj

You can see the settlement operation made above!