Excuse my ignorance here, but the two items you're discussing feeds for are stock market indexes, whose price is set only once per day (https://en.wikipedia.org/wiki/SSE_Composite_Index), so why is a price feed necessary, why not rely on the published index price?

Is it b/c there is something like a mutual fund (a single, tradable entity) that represents this index? If so I could see the need to track the trading price for such an item, but I don't get it for the index itself which is only set once a day.

Why don't we just price it like bitSILVER is priced? There is no exchange trading bitsilver, so the price comes through USD, I think. So, just price the index against CNY, and then convert CNY into BTS?

Quote from: eagleeye on May 30, 2015, 06:48:19 PM
What's the problem getting it up, seeing how much demand there is then getting a bitCNY pegged one up in a month or 2 when bitasset 2.0 is out.

As you said:

QuotePeople from other crypts could be watching this forum, waiting for us to f up.

I think they just want to do things right.

If it's worth doing, it's worth doing it right.

I think that was basically why bytemaster already suggested to hold on.

What's the problem getting it up, seeing how much demand there is then getting a bitCNY pegged one up in a month or 2 when bitasset 2.0 is out.

Quote from: xeroc ¯\_(ツ)_/¯ on May 30, 2015, 06:10:39 PM

Quote from: tonyk on May 30, 2015, 06:08:36 PM
'Pricing' it in BTS will be truly funny.  :)

Hey tony .. good to have you back .. haven't seen you in a while ..

could you elaborate why pricing it in BTS would be "funny"?

OK funny to me...reminds me in my 4-5 grade proof that  D (distance traveled) = time^2 or D=speed^2,
...thought I discovered something great....well for couple of hours at least while enjoying the discovery instead of searching for the error in my proof.

If we price it in BTS we could become the new standard in the future.

CNY is a heavily manipulated currency, we could always do what byte master says whenever bitasset 2.0 is coming up but waiting is not prudent.  People from other crypts could be watching this forum, waiting for us to f up.

Quote from: xeroc ¯\_(ツ)_/¯ on May 30, 2015, 06:05:17 PM
Would make it easy to update the price feed script and would also make it independent of CNY price .. not sure if this is the desired effect .. also this is not something we can "just decide" .. is it?

I guess we could do with some chinese input on the subject of how to price these?

Quote from: tonyk on May 30, 2015, 06:08:36 PM
'Pricing' it in BTS will be truly funny.  :)

Hey tony .. good to have you back .. haven't seen you in a while ..

could you elaborate why pricing it in BTS would be "funny"?

Quote from: monsterer on May 30, 2015, 05:56:55 PM

Quote from: xeroc ¯\_(ツ)_/¯ on May 30, 2015, 05:39:45 PM

Quote from: eagleeye on May 30, 2015, 05:18:10 PM
In the futures market they denote 1 point on the S&P 500 E-Mini as $50 or $100 dollars go here http://futures.tradingcharts.com/chart/ES/

That's good to know .. but what is of "price for 1 point" in Shenzhen and Shanghai Stock Exchange Composite Indexes?

I would just price it in BTS like, shenzhen is currently 2793.25, here: http://www.bloomberg.com/quote/SZCOMP:IND, so 2793.25 BTS seems logical? Guess that's 1:1?

LOL
'Pricing' it in BTS this way will be truly funny.  :)

Quote from: monsterer on May 30, 2015, 05:56:55 PM
I would just price it in BTS like, shenzhen is currently 2793.25, here: http://www.bloomberg.com/quote/SZCOMP:IND, so 2793.25 BTS seems logical? Guess that's 1:1?

Would make it easy to update the price feed script and would also make it independent of CNY price .. not sure if this is the desired effect .. also this is not something we can "just decide" .. is it?

Quote from: xeroc ¯\_(ツ)_/¯ on May 30, 2015, 05:39:45 PM

Quote from: eagleeye on May 30, 2015, 05:18:10 PM
In the futures market they denote 1 point on the S&P 500 E-Mini as $50 or $100 dollars go here http://futures.tradingcharts.com/chart/ES/

That's good to know .. but what is of "price for 1 point" in Shenzhen and Shanghai Stock Exchange Composite Indexes?

I would just price it in BTS like, shenzhen is currently 2793.25, here: http://www.bloomberg.com/quote/SZCOMP:IND, so 2793.25 BTS seems logical? Guess that's 1:1?

Quote from: eagleeye on May 30, 2015, 05:18:10 PM
In the futures market they denote 1 point on the S&P 500 E-Mini as $50 or $100 dollars go here http://futures.tradingcharts.com/chart/ES/

That's good to know .. but what is of "price for 1 point" in Shenzhen and Shanghai Stock Exchange Composite Indexes?

In the futures market they denote 1 point on the S&P 500 E-Mini as $50 or $100 dollars go here http://futures.tradingcharts.com/chart/ES/

Quote from: xeroc ¯\_(ツ)_/¯ on May 30, 2015, 10:12:21 AM
The issue I am having when implementing this is that an INDEX is not denominated in an other currency .. but we need the price as a ratio to BTS ..

Or am I seeing something wrong?
Are SHENZHEN COMPOSITs denominated in CNY?

Price it in BTS there not priced in a currency Xeroc

Quote from: xeroc ¯\_(ツ)_/¯ on May 30, 2015, 10:12:21 AM
The issue I am having when implementing this is that an INDEX is not denominated in an other currency .. but we need the price as a ratio to BTS ..

Or am I seeing something wrong?
Are SHENZHEN COMPOSITs denominated in CNY?

I don't know the answer to this question - I had imagined these new indicies would be priced in BTS directly,but I guess you could price them in CNY->BTS if that's a better way to go?