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@altHowever it may be hard to judge whether a trade is profitable, especially when price moving quickly.
What about charging a fee only when the bot makes a profitable trade?
If it's a loss - no fee.
If it's a profit - e.g. 20% fee.
Is it doable?
Additional Question : Would it be smart to set up an offshore entity / fund - trading shares in mainstream / public market stocks - on the Dex ? Say the fund buys shares - and lists them on the dex and then permits the market to fluctuate in accordance with the market variance. Am talking about being inclusive of publicly traded stocks .Would individuals want to buy into it?I think dacx.com was doing this.
I wanted to check out your videos but it seems the whole site is down.These videos are outdated, in among with many other docs/tutorials. Looks like those people have lost their passions.
I might crowdsource ideas and funds and help you guys make a new series, when I'm back from vacation. Let's see if there's any interest for that.
Imo votes for committee members are different than votes for witnesses.We had this debate two years ago with agent 86. How we do it now is the same way as corps. Your approach has weaknesses greater than those you are attempting to fix.I can confirm this ..
what we need are committee members and or loyal proxies with more (combined) voting power than any attacker .. thats all we need
Sure it's able to implement, but it may not be so simple like you thought. Imo it will not be easier than to implement a bond market since it's a new business in the block chain (for bond market we can reuse the market engine and collateral code/modules).I wouldn't compare this to a time deposit because this has a real risk of losing the whole investment. This is more like a milder form of gambling, which is why I understand if somebody doesn't want to take part. But as long as the risk is made clear for the users, I don't see any problems or reasons to feel guilty. Nobody forces to use this.
Is there anybody who could and want make this? If Cryptonomex is too busy, could this be a job for @kenCode and his freelancers? Of course I'm not a coder so I can't really know how difficult this is in reality, but it would seem like a nice little project for somebody willing to learn to code for Bitshares.
Fair enough, I think it has some elements in common with a time deposit but you are right that because of the high risk it's more like a milder form of gambling.
I'm not sure what the best parameters are and how much support there is for it but it seemed fairly simple to code/implement so hopefully someone with more skills in this area will jump on the opprtunity to create a quick turnaround, income producing feature that would also increase Smartcoin usage and CAP.
you have the right to select your way to make profit.Good idea. Rather than asking BM to do this, how about submit a proposal (perhaps a BSIP or "voting" worker proposal)? I think it's not hard to implement the limit but may need some efforts to maintain backward-compatibility.
but please push/speed up the decentralizaiton process of Bitshares.
now we have voting, it's more decentralized than 1.0 stage.
but it is still too centralized, one reason is the voting rule, as each account can vote as many committee members as he/she like. so if one person hold 5% of BTS, he can actually control the committee.
maybe we can restrict that one account can only vote at most 3 committee members, then it will do good to decentralization and prevent dictatorship.
MAKER is such an effort, but it seems no much fund has interest in it. See https://bitshares.openledger.info/#/market/MAKER_BTSWithin the realm of a DEX there are several business opportunities I could pursue:
1. Become a licensed money transmitter and host our own wallet. Under this model I would be competing with OpenLedger and others.
2. Create, Market, and Promote Prediction Markets. Under this model I would be operating something that could be perceived as gambling. This is a business area that is not safe to enter in the US.
3. Attempt to become a market maker. This is not my area of expertise and requires significant capital and liquid markets.
4. Build another business on top of the BitShares network.
What about creating new features with FBA and demanding a fair share of the FBAs as a salary? If the feature is successful, you'll get automatic income. You don't have to build the features all by yourself, but only to help others to build their businesses.
"1. Become a licensed money transmitter and host our own wallet. Under this model I would be competing with OpenLedger and others."CNX probably have some shares of openledger or similar so it's not so good for them to compete.
I think you should run your own DEX that competes with openledger. You are in a prime position to do so and everyone would trust you and use it.
then you could sell shares in it once its built and well established in a year or so.
