Hopefully that buywall is real, and will not be pulled.  If so, very nice, we should hold 1400.

Very nice!

Based on the BTS action, I get the feeling some idiots margin longed it on a rise again.  Hope it wasnt any of you guys.

Yes, we would all like to see more BTS trading inside the DEX.  It generates fees for the network.  It is the real use of the token.  This represents actual use of BTS (not just speculators buying, selling, or hodling BTS).

Yes we want more people to move BTS into their wallet, and use it to trade on the DEX.


However, sometimes I get the impression that some people want 100% of the volume of BTS to be internal to the dex, with no trade between BTS and BTC/CNY/USD happening on poloniex or btc38 or other exchanges.  But that would cause a big problem!

BTS' internal market mechnisms rely on witnesses to provide price feeds to the blockchain, telling it the price of BTS relative to that of smartcoins.  The blockchain needs to know how many BTS a USD is worth, how many BTS an ounce of gold is worth, and so on.  It needs to do this so that it can enforce margin calls on the smartcoins, so that the peg remains in place.  Without the price feeds, the system doesnt work. 


The value of the price feed relies on the price of BTS on poloniex, btc38, etc.  If those trading markets are too thin, it allows huge spikes in the price of BTS, which then results in too much volatility in the price feeds, which then results in margin calls and the internal DEX not working.


Therefore two things are needed:
1) We need solid volume on external exchanges (polo/btc38), to provide a good price feed, and keep voluatility low enough that we dont have extreme black swans.

2) We need solid volume on the internal DEX, representing real use of BTS.


Both of these are beneficial to BTS.

Obviously we are doing better so far in terms of BTS volume on external exchanges, so getting more volume on the BTS DEX would be good right now.  But we should always keep in mind that our gateway from the BTS world to the outside world is also important!

Use of the dex spiked again, with number of orders placed hitting a new high.

Its growing guys.  Maybe not as fast as we wanted, but growing.



A rising BTS price over time will also encourage use because shorting bitassets into existence will actually make money and get rewarded. 

Also, people who are trying to use BTS will not be discouraged by the price crashing.

Quote from: mf-tzo on March 10, 2016, 08:02:36 am

I don't think our DEX is not user friendly as it is. I think it is quite easy to use and this is coming from a person whose IT skills are like a 10 year's old..but anyway..

Unfortunately I disagree. I used it for the first time in a while recently and it was displeasing to put it nicely. The # of xxx.BTC's was confusing as hell. I thought the OPEN.ETH/BTC market was with OPEN.BTC and the OPEN was just left off for some reason. So I got screwed over swapping METAEX.BTC to OPEN.BTC only to find out there was another one that's just BTC (not to mention another one called OPENBTC with no period) and it can only be purchased on the DEX with BTS at an outrageously high price. Trying to sell was frustrating as well, but I won't get into that as I'm sure with more experience using it will solve the issues I experienced. But I'm not a first time user of the DEX and frankly I probably won't be using it again or at least it will not be my first, second or third choice. It was just a bad experience all around, I hate to say it, but frankly I'm really disappointed and think it needs to be said, no offense, just keeping it real. I like to get in/out, not have to investigate where a certain asset pair is, hunt it down, hope I have the right ones, find out I don't and lose money in the process. It needs some serious work and a facelift big time. I was really expecting a lot better experience and left feeling like I got scammed by misleading pairs. I was only dealing with small change here because there's no way I'd put any real amount of money on there out of fear I'd get screwed again making a mistake with xxx.BTC or thinking an order went through only to find out later it didn't. Sorry to be a "Negative Nancy". I know saying anything other than "great job!" does not go over well here. =/

Yep.  The DEX needs to make itself look exactly like Poloniex.  Imitate whats working or die.

Always some idiot whale who doesnt realize he can easily sell the bts slowly over time at 2000+, he has to market dump to 1600 to try to kill bts while he gets out with less money.