Bytemaster, I do think it might be worth having you experiment with polo with smaller amounts of bts, because you could then get experience with the polo margin system, which works really well, and implement a bitshares margin system that does the same thing. 

I just dont want to see out lead dev gambling all his bts away on margin.  Remember, a bunch of people here thought they could do this and make money, and they lost all or most of their bts instead.

Quote from: bytemaster on November 05, 2015, 08:38:15 pm

Quote from: nomoreheroes7 on November 05, 2015, 08:34:47 pm

Well a 250 BTC buy would push the price up to 1700 sat...I imagine that would do something heh.

Do it BM! We'll be rooting for ya.  .

Yeah... if I only had 250 BTC     I would have to margin my BTS and with my trading luck it would absolutely backfire.

You realize that on polo you can use BTS as collateral to by BTS on margin, right?

Whatever Ander says about margin trading is only partially correct. If you borrow up to[but not more than] 50% of your collateral one is pretty safe. I have never been called doing it.

Bytemaster, do not margin your BTS on polo.
This is literally exactly what caused a bunch of people here to get margin called and lose all their BTS. 

You will lose it if you try, and then we will have a lead developer who lost all his BTS, and when you get margin called it will take BTS down to zero.

The main reason that BTS price dropped so low is that a bunch of community members lost all their BTS and all of that supply is now floating around out there in the hands of traders who dont really want it, who instead want BTC back.


If you margin your BTS on polo it will LITERALLY end this project.

How much money would it take to margin call the BTS shorts and kick of a short squeeze?
How much money would it take to wipe out the margin longs?

Is there any way to estimate this?

When we are at 3000 satoshi, about 200 btc in a market buy couldve margin called every short and spiked us to about 5000.  But it would have come back down, it just wouldve ruined htsoe shorts and given free btc to some bts holders who sold.

Right now there arent any bts shorts anymore, they all covered on the drop. 


To margin call all the longs, it depends on whether anyone is long at any given time, but basically all it takes is a market dump of about 5M bts onto polo, and you begin a cascade margin call that wipes everyone out, just as has happened a half dozen times so far during the decline.

It seems like all of this margin trading is just begging for a whale to clean up, and it appears that is what is going on.

Thats exactly what has happened.
Our community got crushed by some whales who margin called a bunch of us.  We didnt have enough BTC left at the top to margin call them when they were shorting sadly.  (But I am sure we did margin call some shorts at least three times on the way up form 1400 to 3000). 

Okay that is a big deal.  If they were able to claim 228M BTS then:

1) They are almost certainly not running a fractional reserve.  While they had more than this before, they lost a lot to poloniex, so 228M is actually more than I would have expected them to have left.

2) They are probably not too far away from reopening withdrawal/deposit in 2.0. 

Looks like we should have btc38 back up fairly soon.

As soon as this happens we will be able to arbitrage between the two.  And since btc38 price has been WAY higher than polo, what we should see is an equalization of the two, with btc38 dropping some but polo recovering.

Quote from: clout on November 03, 2015, 03:44:13 pm

Can't prediction markets be implemented using private bitasset markets?

Yes, they are already supported just need the GUI to manage it.

In that case lets go prediction markets if it is easier.

Is there any way that we can partner with someone and get their interface (give them BTS referrals as a result, and maybe payment as a worker or something), and thus get a good interface quickly, instead of you guys having to build one?  Because that would both happen faster and would probably be better than having to cobble one together.

Hi,

Is there a list of current exchanges that have a BTS-BTC / BTS-CNY market enabled?

Couldn't find one.

There is btc-38 which has not upgraded to BTS 2.0 I believe and thus does NOT allow withdrawals/deposits.

There is also bter which in addition to not upgrading and not allowing withdrawals and deposits, is also a scam.


So basically there are none that are on bts 2.0 and allow CNY trading.