This really isn't fake volume. Transactions are being done on the blockchain, fees paid. I suggest you change the tittle and reword the original post. BIiSaares' reserve pool is the one paying for the transactions. But this is NOT fake volume since fees are being paid and any other user can take the orders from your bots.

I think this is actually a nice idea but let's just allow people to use @alt 's bots, which, btw, were the best thing that ever happened to BitShares as it is the kickstarter the DEX needed. Let people use them, let volume grow for some months. As long as it keeps increasing no need to take money from the pool.

Perhaps an alternative then is to promote and encourage existing BitShares shareholders to utilise BTSBOTS.com to provide liquidity and make private profit from doing so.

But how can Shareholders do this?

@JonnyBitcoin has made a great start with this btsbots app demo: https://www.youtube.com/watch?v=JVbUzbNkLpk

I may be mistaken, but I would hazard to guess that most current bts shareholders do not have a professional finance/trading background.
They understand cryptocurrency and can see it's potential to create the next world financial exchange, but may not necessarily understand the nitty gritty on how to actually use a financial exchange to trade, and make money.
I think lots of shareholders are kind of waiting for the serious traders to stumble across bitshares and start using it for themselves to make profit.

But without the early stage liquidity support the mainstream cryptotraders aren't interested. The DEX doesn't yet fulfill their needs. (Or does it?)
Once the crypto-traders are involved then progressively more mainstream players will have their interest piqued.

My prediction/opinion for the order in which players enter the bts market:

>>>>>>>>>>>>Current Shareholders who see the potential of bitshares to fulfill the huge niche that is a decentralized asset exchange (We are here)

>>>>>>>>>>>>Crypto-traders who get fed up of centralized crypto-exchanges

>>>>>>>>>>>>Recent mainstream finance university graduates who get rejected for an invest banking/stockbroker job. Internships are hard to come by for these students. BTS should/will advertise to this demographic once bts a little more mature. They can 'trade from home' and make more money than they could earn at the job

>>>>>>>>>>>>bitUSD accepted at Merchant stores thanks to BlockPay. Merchants offer discounts for payment in bitUSD due to the merchant's potential to profit by selling bitUSD for a slightly higher price on the DEX.

>>>>>>>>>>>>Retired or bored stockbrokers (Lots of money here I think). Ability to hold Gold, stocks and a basket of fiat to manage their pension without trusting a potential crook. If they think BitShares is the most secure then there is potential for a huge pile of money to flow into SmartCoins

>>>>>>>>>>>Ex-Stockbrokers who decide to set-up shop for themselves and use BitShares as their platform.

For the BitShares exchange to increase in value people have to be using it.They aren't, not in the kind of numbers one would hope to see. For the next level of player to enter the game, there needs to be a certain minimum level of liquidity for them to perform their market-needs satisfactorily.

Who knows what the minimum's are? But by discussing, promoting and incentivising  ways to increase the liquidity of our Flagship Product: bitUSD.
How can bitUSD be used to make money?
Why should shareholders create bitUSD on the DEX?
How can they do it without risking their investment?

Faking volume is a bad idea in any case, IMO.

It's even worse when discussed in a public forum. Now even if we have that much real volume nobody's going to believe it.

Why does it matter if it's fake?
All trades are viewable on the blockchain so it's blatantly obvious.
We're not trying to trick anybody.

Just make BitShares shout a bit louder. People are then more likely to actually hear about BitShares, and hopefully do some research on how BitShares can enable and process such high volume.

It's like a public, on-chain "testnet"

This leads to potential-customers asking themselves questions like:
             
How can BitShares handle this much volume?
             
How much is someone paying in fees to fake this volume?
                            WOW IT'S A FLAT FEE TO TRADE! :O
             
Who is providing the money to fake this much volume?
                          WOW COOL WORKER PROPOSAL. GREAT IDEA.

Centralized exchanges fake volume all the time. They must have worked out that it's good for getting potential-customers in the door.

This idea would also increase the #bts collected in fees by the network.
A real and verfiable metric increase, indicating use of the network
         

How long until Moonstone supports BitShares Trezor Hardware wallet secure login for Moonstone?

TREZOR Support would make your wallet very attractive to many shareholders


Will you be updating your predicated project timeline for 2017?
https://moonstone.io/infographics/timeline.html

WOW GREAT VOLUME. Now that I've grabbed your attention, you want to read more about BitShares

============================================================
Hello Everyone,
I've had a preliminary idea for a worker proposal but I would like some more community discussion to improve it.
I posted about it in the price discussion thread but was advised by @JonnyBitcoin to move to a separate thread to continue. @MarkoPaasila @BunkerChain Labs

In a nutshell;

Quote from: intelliguy on March 28, 2017, 08:03:02 pm

However, people always run to where the largest noise is... We're not shooting fireworks off, nor is there any band playing.   We have the quietest party on the block.

Could Reserve-Pool-Worker-funds be used to create orders on the DEX? To "make the market" with 0% spread so that the volume listed by third parties increases and we "make some noise". Coinmarketcap [has the option to] rank the exchanges (including the DEX) by the volume of bts traded in 24/hours.

Currently, the DEX ranks #3 by USD volume. $9,000 traded in 24hrs.
The #1 exchange is Poloniex, who trade $100k worth of bts per 24 hours.
To become #1 exchange (on a single given day) the DEX has to achieve another $90k volume of bitUSD traded vs bts.



Moving up the ranks so fast would get the DEX on a few more people's radars.
It DOES NOT MATTER THAT PEOPLE KNOW IT'S FAKE.
EXPOSURE
EXPOSURE
EXPOSURE

Trading bitUSD:bts between 2 accounts both funded by the Reserve Pool.
It's possible to make about 5,000 trades in a 24/hr period. (1 trade per ~20seconds)
Each trade would cost about 0.5bts.
5,000 trades * 0.5bts fee per trade = 2,500bts in total fees (paid to the network) to fake volume for 24hours.
At a price of $0.0056USD per bts; 2.5k bts would cost $14 per 24/hrs


The Reserve Pool Bot would boost the EXPOSURE of the DEX, and it would need capital (a fund of bitUSD and a fund of bts) to use to repeatedly trade back and forth.

If the target is to gain an extra $90,000 worth of volume (to rank #1 exchange):
$90,000(volume) / 5000 (# of trades) = $18.
$18 traded back and forth 5,000 times would produce $90,000 worth of volume, which would show up on coinmarket cap. Raising BitShares awareness, and getting exposure.

$18 is the minimum capital, and it would cost a flat rate of $14 per day.

If the Reserve Pool Bot had $500 worth of capital, the daily "demonstratable volume" would be $500*5,000 trades = $2.5Million. 24/hr volume. CRAY

Could a worker proposal fulfill this need?


Currently the lowest paid worker advertises on 8btc.com, costing 8,400bts per day.

The same payrate being directed to a "Reserve Pool Volume-Demonstrator Bot" would enable 5,000 trades per day, costing -2,500 bts per day. This leaves 5,900bts per day to accumulate in the capital fund.

If the worker proposal was accepted and properly/securely implemented:

Day 1: Bot has 5,900bts in capital (worth $33bitUSD). Bot pays $14 in fees to make the trades. The bot "fakes" $165k worth of volume on this day ($33*5,000)

Day 2: Bot has (5,900+5,900bts) worth $66bitUSD. Bot pays $14 in fees to make the trades.
The bot "fakes" $330k worth of volume on this day.

...Day 31: After 1 month the bot would have (5,900*31) 182kbts ($1000) accumulated in capital. The bot would spend 2,500bts (~$14) in fees on this day. The bot "fakes" $5,000,000 volume per day after 1 month of starting.

FIVE MILLION DOLLARS OF VOLUME PER DAY

QUESTIONS I WOULD LIKE ANSWERED:
#1 WHO COULD BE TRUSTED TO RUN THIS BOT?

#2 COULD THERE BE A TRUSTLESS SOLUTION?

#3 HOW MUCH "FAKE" VOLUME IS ENOUGH?

#4 HOW VALUABLE IS THIS KIND OF ADVERTISING EXPOSURE?

#5 COULD THERE BE A PROFITABLE METHOD THAT ACHIEVES THE SAME RESULTS?

COULD IT BE TRUSTLESS?

However, people always run to where the largest noise is... We're not shooting fireworks off, nor is there any band playing.   We have the quietest party on the block.

"Faking volume" so that the volume listed by third parties increases and we "make some noise". Coinmarketcap ranks the exchanges (including the DEX) by the volume of bts traded in 24/hours.

Currently, the DEX ranks #3 by USD volume. $9,000 traded in 24hrs.
The #1 exchange is Poloniex, who trade $100k worth of bts per 24 hours.
To become #1 exchange (on a single given day) the DEX has to achieve another $90k volume of bitUSD traded vs bts.



Moving up the ranks so fast would get the DEX on a few more people's radars.
It DOES NOT MATTER THAT PEOPLE KNOW IT'S FAKE.
EXPOSURE
EXPOSURE
EXPOSURE

"Faking volume" is trading bitUSD:bts between 2 accounts owned by one person.
It's possible to make about 5,000 trades in a 24/hr period. (1 trade per ~20seconds)
Each trade would cost about 0.5bts.
5,000 trades * 0.5bts fee per trade = 2,500bts in total fees (paid to the network) to fake volume for 24hours.
At a price of $0.0056USD per bts; 2.5k bts would cost $14 per 24/hrs


A "Faker" who wants to boost the EXPOSURE of the DEX, would need capital (a fund of bitUSD and a fund of bts) to use to repeatedly trade back and forth.

If the target is to gain an extra $90,000 worth of volume (to rank #1 exchange):
$90,000(volume) / 5000 (# of trades) = $18.
$18 traded back and forth 5,000 times would produce $90,000 worth of volume, which would show up on coinmarket cap. Raising BitShares awareness, and getting exposure.

$18 is the minimum capital, and it would cost a flat rate of $14 per day.

If the "Faker" had $500 worth of capital, the daily "faked volume" would be $500*5,000 trades = $2.5Million. 24/hr volume. CRAY

Could a worker proposal fulfill this need?


Currently the lowest paid worker advertises on 8btc.com, costing 8,400bts per day.

The same payrate being directed to a "Fake Volume Bot" would enable 5,000 trades per day, costing -2,500 bts per day. This leaves 5,900bts per day to accumulate in the capital fund.

If the worker proposal was accepted and properly/securely implemented:

Day 1: Bot has 5,900bts in capital (worth $33bitUSD). Bot pays $14 in fees to make the trades. The bot "fakes" $165k worth of volume on this day ($33*5,000)

Day 2: Bot has (5,900+5,900bts) worth $66bitUSD. Bot pays $14 in fees to make the trades.
The bot "fakes" $330k worth of volume on this day.

...Day 31: After 1 month the bot would have (5,900*31) 182kbts ($1000) accumulated in capital. The bot would spend 2,500bts (~$14) in fees on this day. The bot "fakes" $5,000,000 volume per day after 1 month of starting.

FIVE MILLION DOLLARS OF VOLUME PER DAY

Great to see more BitShares content from you Fav!

@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..

Poloniex, a centralized exchange that rakes in profit for a few, hates a decentralized exchange that could steal the money out of their pockets.
Do they hate it because the DEX is a threat to their business?
Or do they hate it because they are mal-informed and just think its one more shitcoin