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Messages - okidoki

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61
General Discussion / Re: One way or another the PEG will be established...
« on: August 28, 2014, 10:27:13 pm »
Quote from: bytemaster on August 28, 2014, 09:34:07 pm
Here is what I have implemented as an intermediate step:

1) If delegates publish a feed, then the feed will be used rather than the average.  In this way if there is a service interruption on the feed, then the network can still function like it does today.

2) This puts the "shareholders" in control over whether to use feed or average.

3) I have restricted the creation/execution of new shorts to the median / average price.

Result... those who have USD have priority in selling over those who would like to short.   This adds liquidity for those with USD by removing competition from those looking to short. 

Next we are going to open up a second bitasset so that "short demand" can spread between two BitAssets and the bitassets can trade against one another. 

I believe this should implement your proposal without the arb. bot.   

This looks acceptable to me in order to prevent rampant manipulation because of the thin orderdepth yet. How would you call the new "bitUSD-short pegged" and "bitUSD-market unlimited"? Also, in which version will this be included, I suppose the delegates and users will have to download a new version, for example 0.5.0 first, right?

62
General Discussion / Re: One way or another the PEG will be established...
« on: August 28, 2014, 10:04:12 pm »
Quote from: Agent86 on August 28, 2014, 08:54:50 pm
Quote from: Gentso1 on August 28, 2014, 08:42:51 pm
Quote from: bytemaster on August 28, 2014, 08:03:21 pm
Quote from: MolonLabe on August 28, 2014, 08:01:06 pm
From libertarianism to democracy to oligarchy to tyranny, even faster than I expected.

:(  that is an interesting point of view... and I see your parallels.

I am for the feed and against the network owned arb bot. Its a free market and this would be a bad step. The whole, is it ok to do bad things for the greater good kind of thing, their has to be another way. Why not just use the feed and let the market decide the value of bitUSD
+5% no arb bot needed.
USE THE FEED TO LIMIT VALID SHORTS TO ONLY ABOVE THE FEED.  No 95-105% range and no arb bot is needed.
Sometimes I don't know how you guys come up with this stuff and start wasting time on it before thinking it through.  Sorry for being annoyed.

Exactly! No price controls, no arb bot with newly created shares. bitUSD is part of a prediction market and therefor surely only has to track the price more or less of the underlying asset. If the USD doubles compared to bitShares, than I am fine if I get more or less double the bitSHares... this can be done at 5 bitUSD per USD or 1 bitUSD per USD... as long as the percentage evolution stays the same it works for me...

63
General Discussion / Re: If you need BTSX to finish the registration, Just post your account key here
« on: August 23, 2014, 05:56:35 am »
Thanks! Got it!

64
General Discussion / Re: If you need BTSX to finish the registration, Just post your account key here
« on: August 23, 2014, 05:31:33 am »
Hi! I need to register my account as well...
my Account Key is:
BTSX7ehK5yBKJj4JNxaFkHLDzfzxft937oiowgXWGYwSdbS7jCfTyV

Thank you very much!!

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