There will be plenty of people willing to short BitLISK at even a 1/4 of what it's trading for on Yobit.

Can/t we create BitLISK and only enable forced settlement once LISK is properly trading?

But what would we use for price feeds in this case?

Quote from: tbone on April 07, 2016, 01:59:08 pm

Quote from: abit on April 07, 2016, 11:38:18 am

Quote from: tbone on April 07, 2016, 10:42:47 am

[
@roadscape , @abit

Hey guys, how soon do you think this can be completed?  @abit, have you been making progress?  Ronny from @ccedk said he would be interested in utilizing this to reward market makers in his UIAs.  And he will soon be launching some high profile assets suck as Lisk, Digix, and Synerio.  Not to mention, it is critical for us to start bootstrapping key fiat BitAssets.  What do you guys think?

Yes, some progresses.
Check https://data.sparkfun.com/bitshares_usd_price for a feed_price only stream. Market snapshots stream would be something like that but with much more data, which can be used to calculate scores.
If I'm given a decided formula, I can also stream scores.

Ok, so since time is of the essence, it sounds like the important thing to worry about is the snapshots since they can be analyzed and have the formula applied after the fact, correct?  With that in mind, it would be great to see the other required datapoints added, such as asset name, account name, number of shares, current bid/ask, and current price feed (if asset has feed).   Nice work, @abit!

Please check this url for BTS/bitEUR market snapshots: https://data.sparkfun.com/bitshares_bts_eur_market_snapshot . Right now there are only account ids but no account names..

I'll try to score the participants of this market first. And so can you

Quote from: roadscape on April 07, 2016, 03:01:07 pm

Very good.. Will these market snapshots be saved to log files directly from the node for external parsing/scoring? How will it work?

Since my code is currently very dirty, I'm not going to publish it right now. So live streaming is the best way for others to be able to use the data at this moment.

Nice progress.  Quick question -- I see you have a field for feed price.  That would apply to BitAssets, but what about for UIAs?  Will you calculate the bid/ask midpoint and place that value in the feed_price field?  Or create an additional field?  Also, how often do you plan to take snapshots?  Thanks.

FCT/Factom has been approaching this problem for some time.

I imagine there will be a small handful of players that establish themselves early on and ultimately dominate in this space.  Also, BitLand seems to have a creative approach to making this kind of technology available in places where internet access is currently limited or non-existent.  I wonder if Factom is doing anything like that.

Quote from: tbone on April 07, 2016, 09:32:06 am

Anyway, how is the 2FA service coming along? 

Nicely .. there have been some hold ups and issues that forced me refacture the code .. and there still is stuff to be refactured .. but once the last required features is added, i could probably show a MVP on the testnet .. However .. there are some things moving behind the scene that require quite some of my time .. stay relaxed .. it's all BitShares related

So what do you think about adding a password recovery service to your offering?  I think it would fit nicely with the 2FA service.  And you may be able to sell both services together in bulk to any organization who brings non-crypto users to BitShares and wants their users to have 2FA and/or password recovery on their accounts.

I'm somewhere between a little and a lot worried now.

My support ticket is unanswered after nearly a day.
I've been waiting for my BTS for nearly 2 days.

 

I'll wait a bit longer before I get a lot worried...

The advantages of a decentralized, transparent exchange where the asset owner remains the owner are HUGE!
Does anyone know of such a thing?!

I'm surprised Poloniex is being that unresponsive.  I think that's pretty unusual for them.  But ultimately,
I seriously doubt they are going to scam you out of your withdrawal. 

From the looks of it, Yobit is just trading thin air. Doesn't even sound like they participated in the ICO:

https://blog.lisk.io/official-statement-on-yobit-lisk-iou-token-trading-cca8e7e52a72#.yz41yjdqm

Pretty shady if ya ask me. And I don't really get the excitement around Lisk, either -- isn't it just Crypti re-branded? These past weeks I've refused to buy into the ICO assuming it's overpriced for what is essentially Crypti 2.0, but apparently as long as something is new and has decent marketing it's immediately worth a $6,000,000+ ICO...

Maybe it's time to bring up the ol' "rebrand BitShares to Graphene" argument again... 

You posted that link, but not even the Lisk devs could possibly know if YObit participated in the ICO.  My guess is that they did.  And I really don't see much wrong with them issuing an IOU token to trade on their exchange, as long as buyers know the supply is limited and there is no way to withdraw any Lisk until after the main net launches.  On the other hand, if YObit is pretending that Lisk has launched and that they are the exclusive exchange for Lisk, then THAT would be shady.  Or if they take the money and run, that would be the ultimate in shadiness, although I seriously doubt that is going to happen.

As for your statement that Lisk is nothing but Crypti 2.0, that tells me that you didn't understand the potential of  Crypti to begin with.  But some of us *did* see the potential of Crypti.  Now almost all previous Crypti investors own LISK at a deep discount...and will therefore get rewarded nicely. 

Quote from: tbone on April 06, 2016, 03:45:09 pm

Quote from: ccedk on April 02, 2016, 07:59:48 am

synereo is expected to be added first part of April, and soon to follow will come other major currencies from the OMNI group like Tether, maidsafe, and maybe also the Agoras Tokens within May with some various media backing the introduction.

In April will be added Synereo, LISK and DGD(digix), all three based on their recent or upcoming major media attention combime with strategic interest building OpenLedger as the place to be.

OpenLedger.hk almost there as supporting server for the far east region for quick access and mot probably few days left.

send me e-mail on how to do and I am willing to work something out ronny@ccedk.com

Hi Ronny (@ccedk), will you be incentivizing market makers to provide liquidity in order to help bootstrap these markets on the DEX?  If so, are you aware that we've been working on a mechanism that would help UIA issuers (or the committee for BitAssets) properly reward market makers for the liquidity they provide? 

The idea is that you would create a reward for a given market and for a given time period.  Shares of that reward could then be earned by market makers depending on how often they have orders on the book, the size of those orders, and the proximity of the orders to the price feed or best bid/ask.   At the very least, during bootstrapping of a particular market, you could use the fees you collect in that market to redistribute back to market makers that qualify for liquidity rewards based on above mentioned criteria. 

I think it would be great if you used this to help bootstrap the Synereo, LISK and DGD(digix) markets once you add them.  What do you think?

Ronny, this is something that is not yet completed.  My hope is that it can be completed in the very near future so we can vote a worker proposal to fund liquidity rewards for bootstrapping key BitAssets markets, and also so UIA issuers such as yourself can incentivize market makers for some of their own assets. 

Now that I know you are interested in this, I will try to push harder for its completion.