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General Discussion / Re: Privacy-first Bitshares fork?
« on: February 02, 2018, 01:15:26 pm »
What about a worker proposal to implement some of the above proposed features onto BTS? It's not like there's opposition to the concepts.
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We need to convince the witnesses to start publishing price feeds for this along with others such as bitOIL, bitEOS, bitStockmarket etc... Liquidity will not arrive if there is no market to play in.Are there price feeds for these market pegged assets? Without scripts they won't be able to do so.
The bitshares development and deployment process is pretty opaque to me--is someone already on incorporating the Stealth UI into the main codebase? If not, who would need to do that?
I do actually use BTSPrice for feeding most of the "currency" markets and gold silver. It's a great tool and very all-entailing featurerich and well coded by @alt , however as announced, he stopped maintaining it with his exit of BTS. Hence my addition on my GH.
But i do also run separate scripts for more custom needed feeds, like HERO , Bit20, and now, Hertz. These are (imho) less about continuous realtime market monitoring (which btsprice-tool for currency markets perfectly serves) and more about the one-off-calculate-ad-hoc algoritmic based feed pushes. Those feeds (in my case) are all based of combining the algorithm calculation with publishing the feed by utilising the feed_publish command from pybitshares. Link with "individual" scripts https://github.com/roelandp/bts-misc-pricefeeds
i did make some changes to btsprice by alt to keep it running, however no intergration with hertz yet.
giving its nature of being an algorithmic mpa not so much based on “old skool” market monitoring / price moves i’m not sure if it fits the scope of btsprice.
people running btsprice already have python, so its a small step
to py-bitshares imho.
But to think about, if a blockchain like STEEM or GOLOS paid out rewards with such a token. risk probability could be considered of printing % of anual inflation in said token? perhaps some restriction of settlement maybe. Less often would a arbitrary limit of the total allowable debt be breached, and perhaps higher limit set.?
Also understand the total allowable debt as a function of the powered up token. With a projection of this value possible examining the the component of it in a powering down contract
In Steem and Golos examples where ratio powered up : powered down, tends to exceed 1, makes this projection better.
Think about the Market BTS Market Hertz : BTS.
When BTS behaves volatile either swinging up or down in real terms and from average. Understand someone may prefer sell BTS token for BTS Market hertz to realize profit on upswing but remain invested in BTS, or to mitigate losses on down swing, but still remain invested. These are new options, and are naturally met with converse options That apply to this new investor in BTS Market Hertz.
Think of BTS Market Hertz as part of an investment portfolio and being able to trade the BTS market while maintaining this investment trivially.
Other considerations:
BTS Market Hertz as the preferred collateral rather than BTS in a system such as bitshares.
The volatility of a market can be measured i.e VIX.
new type of price-feed: subject the number of days in the average to democratic process, variable which witnesses decide dynamically.
With the recent hack of coincheck is there any reason not to issue additional bitASSETS beyond bitBTC?
There are reasons to issue them, but creating an asset is not enough to make it useful. Look at bitBTC. This asset makes a perfect sense, but liquidity ...
Bitshares has just began to revive it's luster for the last 6 months, liquidity has been ever increasing. Do we have anything to lose by issuing a handful more?
@CoinHoarder I agree on offering index funds just like bitTWENTY. How do we even get this started, create a BSIP? Is this something the foundation @xeroc can assist with organizing all of the communities requests?
If you launch the latest (Web/Light) wallet you'll see the feed producers list tab in the smartcoin settings now. You can easily add new price feed publishers & these BTS users can publish price feeds using BTS_Tools, xeroc's price feed scripts, etc. See Hero & Hertz for algorithm based asset inspiration.You don't need to rely solely on witnesses/committee to provide price feeds, you can assign private price feed publishers too.
Any idea where I can find more information on this? I'd like to see what technical resources are required to create & bootstrap markets.