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Messages - Customminer

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106
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: January 27, 2018, 02:04:09 am »
I would like a price feed for a BTS HERTZ but that oscillates by tracking a simple 30, 14 day moving average. Still this appears difficult.

You can see the price feeds here: https://btsapi.grcnode.co.uk/home and here: http://cryptofresh.com/a/HERTZ

It wouldn't be difficult to track the price feeds, you could scrape the price feed data (https://btsapi.grcnode.co.uk/get_hertz_value?api_key=123abc) once every x mins & establish a history then plot this on a chart.

In terms of moving average, the average settlement price will be $1.00 over 28 days because it oscillates 14% equally each direction.

You could perhaps take the moving average market price, because that will account for the fluctuation in the USD:BTS market. There's certainly the potential for shorting at the stop to net more than 28% profit if BTS was to appreciate whilst your debt depreciated (and if you were able to settle your debt at the bottom).

BTS HERTZ that works by sine wave, is adding a predictable volatility to existing underling volatile price. This seems pointless. But does create an asset that tends to the state of being fully backed by 1x collateral.  even large amplitude it comes back predictably to the 1:1 state.

Backed by 200% collateral, not 100% collateral. But yes, if you settle, you'll trigger a shorter's force settlement at the current settlement rate in BTS (Which could be between $0.86 & $1.14). If you mean the moving average for settlement price is useless, sure. If you mean that the purpose of hertz is pointless then I disagree, I believe that the sine wave will have a noticeable effect on the market compared to say bitUSD.


how many days you add to the average? More days you get less volatile asset but one that doesn't intersect with the price as often - which is the state of coming into  being fully backed ( which is important to me ).

7, 14, 31 all seem very attractive to me.

the problem unlike a mathematical oscillation. how do you build this curve that tracks and average of the past and updates frequently.

Re: Which state is fully backed: All states should be fully backed by Bitshares, if a shorter's collateral falls below the minimum collateral ratio then the shorter is force settled.

You could track the daily market rate average, then compare that against the known settlement price range for that day.

I think we can use published price-feeds on blockchain, going back 7, 14 , 31 days to construct the average which will be weighted as well.

You could certainly track the price feeds of Hertz either via the blockchain directly or by scraping the hug rest api for the required data real time & establishing a price feed history.

107
General Discussion / Re: aex.com stop BitUSD trading and move to USDT :-(
« on: January 25, 2018, 08:22:38 pm »
They still have bitCNY listed, so I would assume that there is no legal / technical problem but simply not enough volume for bitUSD
Indeed, I believe it's primarily a volume concern. It makes sense that in China bitCNY is most popular.

108
Stakeholder Proposals / Re: Blockchain academy update
« on: January 24, 2018, 12:39:15 pm »
I think it'd be quite cool to create python workbooks using Google's CoLab: http://colab.research.google.com/

For teaching students how to use the python-bitshares library against testnet.

109
done
Thanks, we're very close to it passing now - only need about 4% more votes to succeed.  +5%

110
I have forwarded your request to the committee telegram group and waiting for replies ..

I personally don't see any issue with this proposal
[member=120]xeroc[/member] Could you please repeat such a telegram group message for voting on the relevant BTS-RFC 1.10.7806 : https://cryptofresh.com/p/1.10.7806

Thus far, we have support from [member=31]fav[/member], [member=38926]Chris4210[/member] & [member=18687]abit[/member]. We require 26.1% more by Saturday to succeed.

Thanks  +5%

112
How does the spokesperson worker proposals compare to committee/witness based network consensus? Equal?

113
Proposal created: http://open-explorer.io/#/objects/1.10.7806

CF has a better UI https://cryptofresh.com/p/1.10.7806 but it's currently down.
Thank you very much for creating the proposal for me.  :)

114
Stakeholder Proposals / Re: [Witness proposal] winex.witness
« on: January 20, 2018, 03:48:49 pm »
What are your plans for publishing market pegged asset price feeds?

We have tested the test network and the price feeds is ready.

This is our price feed test which is modified from alt’s script.

Are these price feed scripts open source? Would you consider providing price feeds for HERO and Hertz?

yes, the script is open source.   https://github.com/pch957/btsprice
We may consider offering a price for HERO and hertz, you can introduce the HERO and Hertz first, thank you.
Cool, I'll investigate integrating HERTZ into this price feed script. https://github.com/pch957/btsprice/issues/4

Looking at some of the forks, there are some interesting proposed changes worth looking into:
https://github.com/crazybits/btsprice/commits/master
https://github.com/kimziv/btsprice/commits/master
https://github.com/xiangxn/btsprice/commits/master

Do you know how many active/backup witnesses use this price feed repo? Cheers  +5%

115
[member=120]xeroc[/member] Thanks for reaching out to the committee regarding this request. Would it be possible to create a proposed transaction so that we can see the ongoing committee vote for this change request? Or does it not work like worker proposals?
Sure, one can propose the change already .. I just don't know why majority of committee members don't even reply to the request :-( .. not sure if they would approve it .. Frustrating to see so little activity from committee members (other than bhuz and bunkerchainlabs)

Can we build something into the UI where members will receive a yes/no vote option to proposals?  Information is scattered everywhere and it would be nice to see what members are quick to take action.

It might encourage people to campaign for such committee roles & perhaps speed up the modification of global variables if configurable within the Bitshares UI.

I've enquired about this idea: https://github.com/bitshares/bitshares-ui/issues/1045

Looking forwards to this passing  +5%

116
Stakeholder Proposals / Re: [Witness proposal] winex.witness
« on: January 20, 2018, 12:00:55 am »
What are your plans for publishing market pegged asset price feeds?

We have tested the test network and the price feeds is ready.

This is our price feed test which is modified from alt’s script.

Are these price feed scripts open source? Would you consider providing price feeds for HERO and Hertz?

117
General Discussion / Re: What projects did ICO in bitshares so far?
« on: January 19, 2018, 11:29:17 pm »
The smoke network did their Pre-ICO on Bitshares.

118
Stakeholder Proposals / Re: [Witness proposal] winex.witness
« on: January 19, 2018, 02:33:52 pm »
What are your plans for publishing market pegged asset price feeds?

119
[member=120]xeroc[/member] Thanks for reaching out to the committee regarding this request. Would it be possible to create a proposed transaction so that we can see the ongoing committee vote for this change request? Or does it not work like worker proposals?
Sure, one can propose the change already .. I just don't know why majority of committee members don't even reply to the request :-( .. not sure if they would approve it .. Frustrating to see so little activity from committee members (other than bhuz and bunkerchainlabs)
Can you propose such a change through the GUI? Or is it a CLI only action?

120
General Discussion / Re: HERTZ - Oscillating Formula Based Asset
« on: January 18, 2018, 11:11:58 pm »
Created a price feed script HTML page for Hertz: https://btsapi.grcnode.co.uk/home

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