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Messages - Markus

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76
General Discussion / Re: Requirements for an Open Market?
« on: December 15, 2014, 07:24:22 am »
The market depth requirement was removed as of version 0.4.16 about 3 months ago.
I wasn't well communicated.

https://github.com/dacsunlimited/bitsharesx/releases/tag/v0.4.16

77
General Discussion / Re: OIL. Let's get this asset going.
« on: December 15, 2014, 06:38:58 am »
Wouldn't a 15-min delayed feed be better than no feed?

The median internal delegate feed for other assets lags a bit anyway, so an extra 15-min delay would not cause that much additional front-running opportunity.

78
General Discussion / Re: Cancel the 2x collateral ASAP – The economic unsustainability of paying to sell
« on: December 14, 2014, 06:49:50 am »
Nobody forces you to pay interest for going short.

Interest is only demanded if there is an oversupply of shorters.

With an undersupply of shorters you can even enter a short position above the peg. Which kind of earns you an instant negative interest. Thereby compensating for the 2x collateral requirement.

79
General Discussion / Re: Who will create new pegged assets in the future?
« on: December 13, 2014, 12:23:59 am »
All cryptos apart from BitBTC have been removed. BitLTC, BitPPC and BitPTS that is.

80
General Discussion / Re: Too many missed and forked blocks due to new wallet
« on: December 12, 2014, 10:56:42 am »
It might be useful to have the .dmg and .exe for 0.4.25 on GitHub for those who can't compile themselves.

81
General Discussion / Re: Too many missed and forked blocks due to new wallet
« on: December 12, 2014, 10:39:28 am »
With 0.4.25 RC2 I seem to be on the fading fork. I am now down to 35 % participation.

Code: [Select]
   FORKED BLOCK              FORKING BLOCK ID              SIGNING DELEGATE      TXN COUNT      SIZE           TIMESTAMP   LATENCY   VALID    IN CURRENT CHAIN
--------------------------------------------------------------------------------------------------------------------------------------------------------------
        1246468
     68b7e003ca08d50843faaddcf696cfff1954ede3         moon.delegate.service              0       166 2014-12-12T09:29:10      1155     YES                 YES
     bf7fe0f13b2fb4e8377d595667156780c6345157                         init0              1      1807 2014-12-12T09:28:50      1179      NO                  NO
REASONS FOR INVALID BLOCKS
bf7fe0f13b2fb4e8377d595667156780c6345157: 30007 duplicate_transaction: duplicate transaction

82
General Discussion / Re: Too many missed and forked blocks due to new wallet
« on: December 12, 2014, 10:21:02 am »
Restarting my client didn't help. I am slowly dropping though, 39 % now.

83
General Discussion / Re: Too many missed and forked blocks due to new wallet
« on: December 12, 2014, 10:09:56 am »
"blockchain_average_delegate_participation": "42.80 %",
running 25 RC2

should we start panicking?

84
General Discussion / Re: Least volatile measure of value. What could it be?
« on: December 12, 2014, 08:50:43 am »
I wasn't too serious anyway. :)

I guess a weighted average of all commodities used in the global economy should do the job then.

85
General Discussion / Re: Least volatile measure of value. What could it be?
« on: December 12, 2014, 08:37:21 am »
Let me try to prove that what the OP wants is impossible:

Something might have a stable value but it's price will still fluctuate with supply and demand. And those can be highly dependent on location, time and other factors.

For example the most valuable commodities are air and water. But because they're in over-supply on the surface of earth their price is mostly zero. Different though on a space station ...

Something with negligible value like gold might fetch a huge price because of over-demand. In over-supply it will plummet, ask Midas about that.

86
General Discussion / Re: CFTC Chairman claims oversight on BTC Derivatives
« on: December 12, 2014, 08:24:04 am »
Quote from: Ander on December 11, 2014, 09:44:17 pm
Quote from: Troglodactyl on December 11, 2014, 05:01:34 pm
One day, as Billy is lounging in a perfect vacuum, he idly tosses a quarter vertically at an initial velocity of exactly 50 m/s.  As it sails through nothing in particular, he ponders what he may spend it on when it returns.

1. What is the total flight time of Billy's quarter?
2. During this time, how much value can Billy anticipate will be lost to inflation?
3. Does Billy's action constitute a futures contract?

1: 10.20 sec.
2: .0000001375 cents.  (Based on official government inflation rate).
3: No.

Why do people always assume gravity is 9.81 m/s²? In most parts of the universe it is actually quite different - especially when that part is a perfect vacuum :)

87
General Discussion / Re: BTC38:We will enable bitcny deposit over the next few days.
« on: December 12, 2014, 08:02:26 am »
Great news!

Will we also be able to withdraw CNY balances as BitCNY or is this for depositing BitCNY only?

88
General Discussion / Re: Mechanisms to prevent a Black Swan event from destroying bitAssets?
« on: December 11, 2014, 10:16:51 pm »
Quote from: bitmarket on December 11, 2014, 08:27:31 pm
Quote from: Markus on December 11, 2014, 08:04:18 am
Why is the initial margin requirement fixed anyway? As you explained it protects the user and not the system, so everybody should be able to choose according to their own risk affinity.

Fungability.   if each user chooses a different requirement then bitUSD is not fungible.

The margin requirements are a property of the short position and they are not fungible anyway. The BitAssets would always be fungible, no matter what magins apply to the short positions.

89
General Discussion / Re: What is the condition that triggers "rainy day" fund?
« on: December 11, 2014, 08:09:50 am »
Is that triggered when the collateral is used up entirely or at the moment the feed-price indicates collateral is insufficient to buy back the open bitasset-debt?

Does the fund buy at the feed or would it offer a premium or even execute a market buy order?

90
General Discussion / Re: Mechanisms to prevent a Black Swan event from destroying bitAssets?
« on: December 11, 2014, 08:04:18 am »
Why is the initial margin requirement fixed anyway? As you explained it protects the user and not the system, so everybody should be able to choose according to their own risk affinity.

Another thought: It is not the speed of the (flash-)crash that is important, it is about nobody selling/shorting BitAssets during the period the BTS price drops a certain percentage.

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