thanks a lot

Quote from: gordonhucn on July 03, 2014, 02:04:48 am

Some fund pls to start testing
XTS5rnk29FBnCfNTsVtQCXs9jEAtxQTVY4taeiGBBCJFAmqipxS8v

thanks

sent

thanks dorian for the funds

will anyone send me some funds for testing please?

XTS7qoK7bKjjfRKB1w7a6tq2XyAsbBNvDt8QJ24wEXadZEPW519J2

thanks

I downloaded the nightly build and try to open the wallet but it says that I'm missing MSVCP120.dll. Where can I get it?

Visual C++ Redistributable Packages for Visual Studio 2013
http://www.microsoft.com/en-us/download/details.aspx?id=40784

Quote from: sumantso on February 17, 2014, 02:44:43 pm

"Dan, I am your father ......."
"Nooooooooo!!!!!!!!!!"

 Nooooooo!!!!!

LOL

not just today, but every day

This is the hardest part for many people to understand until they see it in action.   The reality is that every market player is constantly adjusting their assessment of the value of BitUSD based upon their observations of USD / BTS.   The thing that ties them together is market consensus and this is a concept that takes a degree of intuition to understand. 

Your suggesting is a 'price feed' from a trusted source to be used to settle positions and is what all of our competitors feel is necessary.  But if our hypothesis is correct these feeds are unnecessary.

If we rely on people's believes or confidence , then a sudden flash crash kind of accident will break the belief/confidence and hard to recover. Take a look at all the derivatives, futures and options will have the expected trend going along with the underlying's price because they are settled/executed based on underlying's price, index derivatives are settled with cash rather than index(which is only a concept rather than a physically existed equity) and it works fine because they are settled by "FEED PRICE OF UNDERLYING", it is not only about margin and collateral, it is also about how to finish the strike/execution and settlement. I still think that a "realUSD price feed" from a trusted exchange with suitable volume will be a stronger and more solid foundation for the PEG mechanism. With this simple linkage from realUSD and bitUSD, it will give arbitraging people a guarantee that they will have their profit realized once they do it right, instead of praying for all market participants to believe in the same thing they do.

I don't know if I understand the code in github correctly or accurate enough, correct me if I am not. Some thoughts as below:

How does the market price BTS(in real USD)? It is from the expectation of all players who would trade BTS from/to real cash.
How does the market price bitUSD(in BTS)? It is from the expectation of all players who bet on bitUSD with BTS.

But currently those two prices have nothing in connection except that we hope they can be connected.

What if we use the price of BTS in real USD to deal all margin calls instead of the price of bitUSD? I think that would give a connection to bitUSD and real USD. And someone who pays real USD can finish arbitrages if bitUSD differs from USD to some level.

Quote from: gordonhucn on February 14, 2014, 02:04:17 am

For 2) when one side of bitUSD owner wins all , why can't we simply give the winer all the BTS and destroy the winer's bitUSD. If the winer wants to keep going with bitUSD, he can just bet again with someone else.

Because this isn't a pairing system, BitUSD is fungible for all users in the system.   What I do is use 100% of the BTS to BUY as much BitUSD on the market as I can and that is functionally equivalent... so instead of the loss being born by a single BitUSD holder it is spread across all BitUSD holders.

In a system that has all users' asset cost and holding-time, when the loss goes above the line then the system knows who(both wining side and losing side) should be kicked out of the game base on a weighted-evaluation rule over the cost / holding-time of everyone's asset. In such way every contract is backed which is assured by the system.

So it is not exactly equivalent , your way offers choices to the winers, the market and players with different expectation will solve the PEG eventually.