The technical problem with this is maintaining a sell order that moves with the feed price, which is costly and manual, and I'm not sure of the best solution here yet. So in practice, this does have risk of not getting hit when or where an arbitrager might want it to.

If you have a long-term long position in BTSX you can create a moving sell order by:
Creating a short order and making sure you are offering the highest interest rate. Because you are long in the BitAsset you just cover as soon as your short order gets matched and the interest does not bother you.

It was active with enough feeds about 24 hours ago. Some trading happened but the market has frozen again.
https://bitsharestalk.org/index.php?topic=11196

With now 52 price feeds BitEUR has become the fifth market to open.

Enjoy.

BitGut

Quote from: biophil on October 15, 2014, 01:42:10 pm

Quote from: Markus on October 15, 2014, 07:56:47 am

Check out this negative reply from BM
https://bitsharestalk.org/index.php?topic=9323.msg120763#msg120763

I still don't understand why it would be so difficult to implement this for buy-orders since it's already done for short orders.

Thanks for the link!
I'll have to defer to his knowledge of the codebase on this one, but I agree - it seems like it should take very little effort. Seems.

The thing is, automated bots would provide only a tiny marginal benefit over sliding orders. Sliding orders ARE trading bots, built into the protocol so everybody can use them.

Sent from my SCH-S720C using Tapatalk 2

The problem is the price feed lags and your sliding orders would be easily taken advantage of.   It isn't a technical issue, it is an economic one.

I agree with that. I misunderstood your original reply; thought you were referring to technical difficulties implementing it.

A good indicator for diminishing demand for Nubits will be their parking interest rate rising.
I've had a look here (https://blockexplorer.nu/status) the last couple of days and it always said no rates available. Today for the first time:

Park Rates in Effect

No. Blocks	Rate	Duration
8,192	0.002%	5 days 16 hours

From the Nubits Whitepaper:

When this occurs, NuBit demand will decline permanently. The end of the currency will be marked by interest rates rising to unprecedented highs and then going still higher until the vast majority of NuBits are parked. When market participants reach a unanimous consensus that NuBits are worthless, then they will suddenly drop to zero value from one USD. As long as a small group of speculators believe there is even a small chance NuBit demand will reach a new all time high the price will remain one USD. As the currency shows signs of stress and serious decline in levels of use NuBits will pass from ordinary businesses and people to speculators willing to take large risks for large rewards. Ownership of NuBits will centralize somewhat as the currency shows signs of stress. Failure of the currency is not synonymous with failure of the network. If there are other currencies offered by Nu, they will continue to be unaffected.

In the space between now and obsolescence, there is much that Nu can do to benefit shareholders and its users.

It seems to me they know fairly well how the story will end. I guess it all boils down to arguing about when that will happen.