The bot know where the money come from and where to go which no longer a confidential transfer.

You're right. Even if the bot or its owner (me) is honest and doesn't store anything server-side, there's a risk of being hacked. After getting access to the bot's private keys, it'll be possible to extract all the transfers with the sender/receiver info from the blockchain decrypting the MEMO field.

Another thing that concerns me a lot is 100% uptime. The cli-wallet i use as an RPC interface could crash or lost connection. Its function get_account_history that returns latest transactions has a limit of 100 elements. It means that if during downtime there'll be ≥101 transfers, some of them will be lost. DDOS-ing the bot account with lots of small transfers could have the same effect even with working cli-wallet. Probably a more sophisticated algorithm needed.

Why not deposit to an exchange then withdraw to another account 

Great idea! Still risky and probably not 100% confidential, but it's the easiest way at the moment.

Thanks!

谢谢

还有SQUARED.CNY。
它不如CUBED.CNY那么易变

If it's not a testnet, you need ~290 BTS to create a new ≥5 letter asset (4-letter costs 11,578 BTS, 3-letter is like buying a new car). According to the screenshot, your current balance is 0.

When creating an asset, focus on its name, type and number of decimal points. It's impossible to change those params later. For example, if you want to make smart asset like bitGOLD, select 'SmartCoin'.

If you create a simple asset, choose right 'Core exchange rate'. It should be smaller than the asset's market price to protect its fee pool from draining (-144 BTS)

Just launched the CUBED.USD smart-coin: https://wallet.bitshares.org/#/asset/CUBED.USD/

As described above, its price feed is based on bitUSD. Raising values to the power of 3 increases volatility (variance) significantly.

Current USD³ feed price is 390.8 BTS/CUBED.USD ( ~ 7.31³ )

CNY³: 1.35385 BTS/CUBED.CNY (~ 1.1³)
CNY²: 1.22381 BTS/SQUARED.CNY (~ 1.1²)

To get USD³ click Borrow CUBED.USD on top of BUY/SELL tabs

Lets say I create a market pegged asset against the cryptocurrency WAVES, would the smartcoin creation follow the WAVES release schedule?  Also, Who do new users buy this new asset from?  What are the main benefits to a user who creates a market pegged asset and is there anything I should know before creating my own user issued asset?

As clockwork and Customminer have said, you really need a price feed to make a smartcoin "work". The delay between price updates should be less than 24h. If the price feed is not active, nobody can borrow your asset, what makes it useless. Theoretically you can push updates manually using command-line wallet, but it's more convenient to have a script (or someone else) doing that for you.

3 most important things are:

• Asset name
• Precision (number of digits after comma)
• Asset type {Simple, Smartcoin, Smartcoin (Binary prediction)}

You can't change these 3 params later! For example, someone already f*cked up the ETC asset making it not a smartcoin.

The main benefit for users is a predictable price. Asset creator can't easily issue millions of coins devaluing the asset. The main benefit for creator - more users, % from operations.

ETHPLUS
Asset type: Simple

It's not a smartcoin. A simple asset creator (you) can issue any amount of ETHPLUS any time. Nobody can borrow it.
Smartcoins don't work that way, sorry

Same thought experiment with bitCNY:

Assume we have 2000 BTS and we invest in both CNY and CUBED.CNY (1000 each)
Current feed price is 0.72974 BTS/CNY or ~0.3886 BTS/CUBED.CNY
With 1000 BTS we can buy: ~1370.351 CNY and ~2573.34 CUBED.CNY

If the bitCNY price changes to 0.75 BTS/CNY (so CNY³ price is 0.421875 BTS/CUBED.CNY) and we sell our bitAssets, we get:
1370.351 CNY → 1027.76325 BTS (+2.78%)
2573.34 CUBED.CNY → 1085.6278125 BTS (+8.56%)