Quote from: profitofthegods on January 11, 2015, 12:37:13 am

On the short screen there is a field for 'interest and I can't work out what its all about - does the person shorting pay interest to the bitasset holder? If so when is it paid? Is it paid in bts or added to your bitasset debt?

Shorters compete to be first in line to have their shorted asset bought by the amount of interest they are offering (highest offered interest rate get purchased first). The interest goes in to a pool and is distributed to all holders of that asset when they make a transaction. Until they "move" their asset, the amount of "interest" they are earning shows up in the "Expected Yield" column of their account.

At least that's how I understand it.

Thanks, when does the interest go into a pool (daily, weekly, monthly?) and is it payable in BTS or the Asset?

0.4.25 will be out this week with a some stability fixes and other bugfixes. It's probably best to wait for it and see if any of these problems go away.

OK, thanks.

I haven't been able to get a wallet working for a while now. Half the time it crashes, and when it does let me log in it never syncs, even though it shows connections. I have downloaded the wallet again today from bitshares.org, but I'm not even sure if this site is providing an up-to-date download - I just got 0.4.24.1 from there today. I have also tried deleting everything in the 'chain' folder.

Can anybody tell me what else I can try?

Quote from: profitofthegods on September 13, 2014, 10:52:21 am

I think that's what I meant, just used the wrong word. I'll definitely be interested in buying / trading this then. Perhaps gold too. Thanks.

I have a feeling GLD will be next .. some feeds already out there .. will add mine once the new release-candidate is running

Cool, looking forward to it. I'm not especially bullish on fiat, especially the USD which is slowly loosing its reserve currency status, so even with the yield I'd rather have Bitcoins. But being able to put a bit of money into commodities which I think will rise in value and get a yield on top of that is quite exciting to me.

At some point I would like to buy the oil asset. Would these additional assets have a dividend structure like BitUSD?

I liked  the point BM made in another post  that you can buy BitUSD  cheap and sell  it  cheap.  For me this means when I  take into consideration how much I paid for  it, selling it at a similar discount is not so  bad!

Also, as a delegate I am operating at a loss but hope to break even soon.  Partly because i am probably using a too high end server  but I'd rather do  that then miss blocks!  I don't  think there are any wealthy elites yet from being a delegate.  Kinda hard work actually keeping up with the  releases  and not missing blocks.

Yes, you can buy it cheap and then sell it cheap but still for a profit. But there is still an inequality of opportunities which is causing the price inequality:

If you have BTSX and you want to bet on BTSX going up then you only have one option: Short a BitAsset.

If you have BTSX and you want to bet on BTSX going down, then you don't just have the one option of buying BitUSD, you can also sell for BTC - which for many people will be a better option.

Because of this the price of BitUSD will not reach parity with USD, which is not good for the success of Bitshares.

I didn't mean to suggest you were a super rich elite who is sitting on your arses doing nothing, so I'm sorry if that's how it came across. I just saw someone else post that delegates were making something like $125 per month before BitAsset trading even started. Also if delegates are keeping all the money and not spending it on doing things to help Bitshares, then I don't think many people will choose to get involved in a system like that over something which shares the money out to everyone who has coins (ala NXT) or anyone who sets up a node (ala Crypti), because if its a choice between me having money and someone else having money, and everything else is equal, I'm always going to choose to have the money myself.

I have come to the conclusion that BitUSD and other asset will not reach parity with the underlying asset they are supposed to be pegged to for a very long time.

There are two main reasons for this; the first is because most of the people trading on Bitshares are big Bitshares fans who are overly bullish on BTSX. The second is because there is no good reason to buy BitUSD at the moment.

Let me put it another way - if you think that the price of BTSX is going to go up, you are incentivized to short USD. If you think the price of BTSX is going to go down then there is no reason to buy BitUSD instead of just selling BTSX for BTC or something else.

Arbitrage doesn't work, because performing arbitrage is a bet that the market will return to the peg, but if these bets themselves are the only reason for this to happen, then its a foolish bet.

At the moment there is demand for shorts, but no demand for buying BitAssets. Perhaps the 5% would change this, otherwise the only thing would be mass adoption of BitUSD for paying for things, which probably isn't going to happen until after the peg is proven so isn't much help in this regard.

If the 5% thing is coming along soon then perhaps this post is irrelevant, but until then I think delegates need to step up to the plate and start buying BitUSD. Its my understanding that delegates are earning quite well now, but I haven't seen what they are spending this money on to support Bitshares, which is supposed to be what they do rather than just keeping all the pay for themselves.

Please - calling all delegates - step up to the plate and bet on the market peg working by spending part of your pay on BitUSD whenever it is more than perhaps 1-2% below the value of USD, because you are probably the only ones with the resources and motivation to do it.