Faking volume is a bad idea in any case, IMO.

It's even worse when discussed in a public forum. Now even if we have that much real volume nobody's going to believe it.

Cool idea bro. But, things like this should not be funded through worker.

TO BE CLEAR: I CANNOT VOLUNTEER MYSELF FOR THIS WORK. JUST DISCUSSING IDEA FOR SOMEONE ELSE TO TAKE ON

Quote from: fav on March 29, 2017, 03:48:43 PM
how much money do you need?

An additional $150kUSD volume on the bitUSD:bts market would cost a worker:
$14 (2500bts) in fees per day,
and a cash fund of $30USD (5400bts) to make the trades.

A one-time -non-diminishing fund of $30 (5400bts),
plus a 31-day-supply of fees = $434 (77,500bts)

To fake $150k volume in 1 day = 7,900bts
To fake $4.5M volume in 1 month = 82,900bts
To fake $54M volume in 1 year = 917,000bts

+ ELECTRICITY COSTS TO HOST THE BOTS

how much money do you need?

WOW GREAT VOLUME. Now that I've grabbed your attention, you want to read more about BitShares

============================================================
Hello Everyone,
I've had a preliminary idea for a worker proposal but I would like some more community discussion to improve it.
I posted about it in the price discussion thread but was advised by @JonnyBitcoin to move to a separate thread to continue. @MarkoPaasila @BunkerChain Labs

In a nutshell;

Quote from: Permie on March 29, 2017, 11:18:47 AM

Quote from: intelliguy on March 28, 2017, 08:03:02 PM
However, people always run to where the largest noise is... We're not shooting fireworks off, nor is there any band playing.   We have the quietest party on the block.

Could Reserve-Pool-Worker-funds be used to create orders on the DEX? To "make the market" with 0% spread so that the volume listed by third parties increases and we "make some noise". Coinmarketcap [has the option to] rank the exchanges (including the DEX) by the volume of bts traded in 24/hours.

Currently, the DEX ranks #3 by USD volume. $9,000 traded in 24hrs.
The #1 exchange is Poloniex, who trade $100k worth of bts per 24 hours.
To become #1 exchange (on a single given day) the DEX has to achieve another $90k volume of bitUSD traded vs bts.



Moving up the ranks so fast would get the DEX on a few more people's radars.
It DOES NOT MATTER THAT PEOPLE KNOW IT'S FAKE.
EXPOSURE
EXPOSURE
EXPOSURE

Trading bitUSD:bts between 2 accounts both funded by the Reserve Pool.
It's possible to make about 5,000 trades in a 24/hr period. (1 trade per ~20seconds)
Each trade would cost about 0.5bts.
5,000 trades * 0.5bts fee per trade = 2,500bts in total fees (paid to the network) to fake volume for 24hours.
At a price of $0.0056USD per bts; 2.5k bts would cost $14 per 24/hrs


The Reserve Pool Bot would boost the EXPOSURE of the DEX, and it would need capital (a fund of bitUSD and a fund of bts) to use to repeatedly trade back and forth.

If the target is to gain an extra $90,000 worth of volume (to rank #1 exchange):
$90,000(volume) / 5000 (# of trades) = $18.
$18 traded back and forth 5,000 times would produce $90,000 worth of volume, which would show up on coinmarket cap. Raising BitShares awareness, and getting exposure.

$18 is the minimum capital, and it would cost a flat rate of $14 per day.

If the Reserve Pool Bot had $500 worth of capital, the daily "demonstratable volume" would be $500*5,000 trades = $2.5Million. 24/hr volume. CRAY

Could a worker proposal fulfill this need?


Currently the lowest paid worker advertises on 8btc.com, costing 8,400bts per day.

The same payrate being directed to a "Reserve Pool Volume-Demonstrator Bot" would enable 5,000 trades per day, costing -2,500 bts per day. This leaves 5,900bts per day to accumulate in the capital fund.

If the worker proposal was accepted and properly/securely implemented:

Day 1: Bot has 5,900bts in capital (worth $33bitUSD). Bot pays $14 in fees to make the trades. The bot "fakes" $165k worth of volume on this day ($33*5,000)

Day 2: Bot has (5,900+5,900bts) worth $66bitUSD. Bot pays $14 in fees to make the trades.
The bot "fakes" $330k worth of volume on this day.

...Day 31: After 1 month the bot would have (5,900*31) 182kbts ($1000) accumulated in capital. The bot would spend 2,500bts (~$14) in fees on this day. The bot "fakes" $5,000,000 volume per day after 1 month of starting.

FIVE MILLION DOLLARS OF VOLUME PER DAY

QUESTIONS I WOULD LIKE ANSWERED:
#1 WHO COULD BE TRUSTED TO RUN THIS BOT?

#2 COULD THERE BE A TRUSTLESS SOLUTION?

#3 HOW MUCH "FAKE" VOLUME IS ENOUGH?

#4 HOW VALUABLE IS THIS KIND OF ADVERTISING EXPOSURE?

#5 COULD THERE BE A PROFITABLE METHOD THAT ACHIEVES THE SAME RESULTS?

COULD IT BE TRUSTLESS?