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Messages - kani

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31
General Discussion / Re: Bots
« on: January 04, 2017, 03:59:42 pm »
Quote from: netcoord99 on January 04, 2017, 03:54:54 pm
Thats what they did to compuceeds and they are doing it to others now.

Terrible example!

COMPUCEEDS is down because you have hundreds (or thousands?) of users who have waited years for some kind of payout.  Also, you have the asset creator issuing billions to self and selling for BTS.

Bots will follow that market down.  Many, I'm sure, have lost money trading in this asset.

32
General Discussion / Re: Bots
« on: January 04, 2017, 03:28:27 pm »
Quote from: netcoord99 on January 04, 2017, 03:07:28 pm
To Open Ledger Trader Community:


I want feedback on how everyone feels about Bots in the trading arena?

Do you approve or disapprove?

Approve.

Quote from: netcoord99 on January 04, 2017, 03:07:28 pm
Are they an advantage for trading or disadvantage and why?

Advantage.  Bots provide liquidity and volume. 

EDIT: Also, if you are a patient and observant trader, you can take advantage of the bots.  For example: I saw a BLOCKPAY buyer buy a bot sell order, wait for bot to place new sell, then buy again.  Repeated quite a few times.  There are many other examples...  Smart traders can use the fact that bots are predictable to gain advantage.

Quote from: netcoord99 on January 04, 2017, 03:07:28 pm
I'll tell you upfront I see them driving the values of assets right to the bottom on every market.

Disagree.  Most bot implementations will follow the market, not set it.  If markets are going down is because more people are selling -- is a trend in almost every crypto market.  (There are always people who need money and will sell, fewer buyers until big news).

Quote from: netcoord99 on January 04, 2017, 03:07:28 pm
If we can outlaw them, how do we go about it?

Not a good idea, IMHO.  Bots are very good for the Bitshares DEX (or BAE, if you prefer :) )

Quote from: netcoord99 on January 04, 2017, 03:07:28 pm
Please tell us how you feel!

Thanks

Mike A.
CC: Investors Int'l

I think bots are good.

Welcome

Kani

33
General Discussion / Re: who can tell me what's the GOLD price?
« on: December 30, 2016, 03:32:40 pm »
Quote from: Fox on December 28, 2016, 09:02:19 pm
I have adapted the @xeroc developed pricefeed script included within the python-graphenelib repository:

<snip>

Cheers!
Fox

Beautiful!  Thank you Fox!

GOLD can be an important asset and is worth supporting.  There are many who choose to hold savings in (real) gold, so having a stable and worthwhile SmartCoin which tracks the value faithfully is important.  Personally, I'd love to see GOLD supported as a method of payment (hello BLOCKPAY), or available on those crypto-credit-cards.

34
General Discussion / Re: who can tell me what's the GOLD price?
« on: December 28, 2016, 05:38:55 pm »
Quote from: abit on December 28, 2016, 05:24:14 pm
Just let them trigger a black swain event or something similar. We lack of resources, we need to focus on the popular products.

You want it to black swan just because you don't like it?!?!?!?!

This attitude is NOT okay!!!

35
General Discussion / Re: who can tell me what's the GOLD price?
« on: December 28, 2016, 01:31:46 pm »
Quote from: wackou on December 28, 2016, 11:38:28 am
just wanted to chime in and say that, as a witness and feed script provider, I will update/fix/do whatever is necessary to produce correct feed price for GOLD (as well as for other assets) but as most other people I am currently on holidays with the family, so it will have to wait a week or so.

Thank you.  That's very reassuring.

36
General Discussion / Re: who can tell me what's the GOLD price?
« on: December 28, 2016, 02:36:06 am »
Yes, I’m relatively new here and yes I can be abrasive.  And no, I don’t really know who the important players are.  But, I thought I had found something special in Bitshares: a professional-grade network, and many robust features ensured by delegated proof of stake.

I’m sorry, I just don’t understand why abdication of responsibility shouldn’t have consequences for something as important as the witness.

Being a witness in Bitshares is the foundation of a secure network and is the primary mechanism to ensure that Market Pegged Assets (aka: SmartCoins, or bitAssets) function as intended.  Without responsible witnesses (and a community voting to ensure it), the Bitshares ecosystem is less enticing for use and investment.

I mean no disrespect to abit and his many contributions to Bitshares.  It’s just that running a witness node should not be viewed as an ‘inconvenience’ — many will gladly take the job for the important one that it is.

A professional network requires professional witnesses.

And that includes GOLD.  Please don't throw up your hands and give up when someone suggests an improvement.  Work to fix it!

37
General Discussion / Re: who can tell me what's the GOLD price?
« on: December 27, 2016, 11:19:46 pm »
Quote from: abit on December 27, 2016, 04:27:11 pm
Due to unable to provide a forever accurate price feed, or no time to track whether they're correct, I'll stop producing price feeds for assets other than CNY/BTC/USD/EUR and their copies e.g. TUSD. IIRC actually I've never supported the assets with next to zero activity. It's my fault to provide price feeds for them.

Wait.  WHAT?

Really, that's your attitude?  Jeez, let's vote this guy out and find a new witness who actually cares about Bitshares.

EDIT: I mean, really!  If you're not prepared to handle the responsibilities involved with being a witness, there are many others who can step up and fill that role.

Bitshares is a business.  If anyone is incapable or unwilling to do their JOB, it should be given to someone who will.

38
General Discussion / Re: btc38 hacked and 10M BTS stolen
« on: December 27, 2016, 04:26:20 pm »
Quote from: abit on December 27, 2016, 03:57:21 pm
Quote from: KenMonkey on December 24, 2016, 08:44:54 pm

The thing I'm asking is if openledger can put a blacklist on this account for the open.btc asset.
Technically it's possible for the core asset BTS as well.

IMHO, I prefer a hands-off approach from the token issuer and gateway operator.  If they begin blacklisting, whose to say what is and is not justification for such a blacklist.

39
Technical Support / Re: Bitshares API plugin to mimic Poloniex and others?
« on: December 27, 2016, 12:04:42 pm »
A node operator could monetize it by taking a small fee.

One advantage to a centralized offering, BTW, is that it could mask the operations of a single trade bot if that was important (assuming of course that multiple bots were using the service and all operations were by the operator account)

40
Technical Support / Re: Bitshares API plugin to mimic Poloniex and others?
« on: December 25, 2016, 07:41:31 pm »
Quote from: xeroc on December 25, 2016, 03:57:56 pm
The point of a decentralized exchanges is that no one except you has control over your funds. That means that anything you do on the dex needs to be cryptographically signed with thr priv key of your account. That is exactly what the exchange.py module does. Anything else would just kill the purpose of a decentralized exchange ...

Yes, you know that and I know that.  Bot operators trading on Poloniex aren't as ideologically driven.  Profit is profit.

Quote from: xeroc on December 25, 2016, 03:57:56 pm
Btw..
The exchange.py module does not require you to run your own witness node. Openledger's node works fine aswell
a program could be written that PROVIDES a local api that mimics poloniex and deals with signing etc locally if thats what you want

Personally, I don't know enough about the inner workings of Bitshares or Poloniex software to have a good opinion on the best approach to produce a solution to what I describe (a websocket interface which mimics Poloniex WS API).

What I believe is most important is to offer the absolute easiest path for Polo bots to trade on BAE.  If the default mode is to bridge through a "trusted" node operator, then so be it.  For those who choose to run their own copy for decentralization, even better.

Now, the next question is whether or not there is a capable developer who believes the idea has merit and can deliver.

41
Technical Support / Re: Bitshares API plugin to mimic Poloniex and others?
« on: December 24, 2016, 05:40:45 pm »
Quote from: xeroc on December 22, 2016, 09:29:02 pm
You can use python-graphenelib .. it has an exchange module that treies to be as close to polo as possible

Yes, that's a nice package.

The idea I described above differs in several important ways:
  • Sits at a different place in the software stack
  • Is language agnostic (for the bots, that is)
  • Removes need for running a local witness node (or placing undue burden on public API nodes)
  • The plugin architecture could streamline access to required mimicry data to better support many users, which could then be offered as a service
  • If done correctly, could reduce the barrier for entry to nearly zero
  • Which would mean anybody with a Polo bot could potentially just point it to a new server:port, change config, and press GO!
  • (of course, if someone wanted to run their own local witness with this plugin enabled, they could do so)

42
General Discussion / Re: Update on Chronos Videos
« on: December 22, 2016, 07:02:56 pm »
As a relative noob to Bitshares, I must say the videos produce by Chronos so far have been EXCELLENT!  But the basics have been covered, and now should be placed in a prominent place for a good intro to Bitshares.

That said, I think it would be worthwhile for voters to know what content future videos will contain.

Two that I'd like to see:
* Short selling MPA tutorial
* Automated trading with btsbots

43
Technical Support / Bitshares API plugin to mimic Poloniex and others?
« on: December 22, 2016, 05:06:23 pm »
Hey guys,

Had this idea in my head rolling around for a little bit.  Want to see if this idea has merit and if there's anybody capable of delivering.

One of the things that could attract a whole new slew of bots to the Bitshares Asset Exchange would be to provide an API which is compatible with the bigger exchanges API.  This should mirror those APIs as closely as possible and lower the barrier for entry.

It could be created as a witness node plugin, with an operator running a node specifically for this purpose.  Ideally, somebody with a custom Poloniex bot could just point to the different server:port and run with very little changes to their existing code.

Obviously Poloniex should be in the mix, and maybe others?

Is this possible?

44
General Discussion / Re: btc38 hacked and 10M BTS stolen
« on: December 22, 2016, 05:47:25 am »
Quote from: Brekyrself on December 22, 2016, 05:23:28 am
Where is the official announcement?

I can't find anything official, but here's some discussion on bitcointalk:
https://bitcointalk.org/index.php?topic=522458.msg17252309#msg17252309

Someone says they got the following response from support (bold is mine for emphasis)

"The problem of server logic, leading to more than 1000 bits in platform hot wallet share, more than 1000 future currency and a few other digital assets, such as BTC/LTC is missing, but we will bridge the funding gap. Users will not have a loss. Other COINS will be this two days to return to work."

45
General Discussion / Re: btc38 hacked and 10M BTS stolen
« on: December 22, 2016, 05:16:43 am »
Did I offend? 

Good!

Here you have the most fantastic exchange ever created and the people who SHOULD be using it the most aren't.

How can the Bitshares community convince others to use their exchange if they don't use it themselves???  Shame.

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