OIL. Let's get this asset going.

[mf-tzo]

I wonder if they came up with that, before or after this thread.

Lol...Dejavu.. This will not be the first time we discuss things and ideas here and someone else copying us before we implement them... 

[Empirical1.1]

Relevant

http://cointelegraph.com/news/113085/bitreserve-wants-you-to-hold-and-spend-oil

I wonder if they came up with that, before or after this thread.

[hpenvy]

wow...I wasn't aware of bitreserve...Although I would never trust my money and have this centralized counterparty risk I think the way the have their "cards", the site, their presentations etc appear quite appealing...Maybe our marketing team can learn a couple of things from them..

I am not sure people realize how powerful is to have our money secured on a dentralized bank like bitshares vs. anything else out there and we need to do more to show this value to other people...

So let's get start bitoil please and let's pump the shit out of BTS to the moon soon and get the 2nd place before we are too late and the centralized companies beat us...

 

[mf-tzo]

wow...I wasn't aware of bitreserve...Although I would never trust my money and have this centralized counterparty risk I think the way the have their "cards", the site, their presentations etc appear quite appealing...Maybe our marketing team can learn a couple of things from them..

I am not sure people realize how powerful is to have our money secured on a dentralized bank like bitshares vs. anything else out there and we need to do more to show this value to other people...

So let's get start bitoil please and let's pump the shit out of BTS to the moon soon and get the 2nd place before we are too late and the centralized companies beat us...

[wasthatawolf]

Relevant

http://cointelegraph.com/news/113085/bitreserve-wants-you-to-hold-and-spend-oil

[donkeypong]

It would have been better to use WTI or Brent for these assets in my opinion, probably easier to find price data and more international.

Either one is okay for baseline. There tends to be a spread between West Texas and Brent in the last couple of years, though. Wouldn't it be fun to have them both and let people play that also? Maybe best to start with one and then consider expanding.

[monsterer]

bump, let's get oil trading

There is a way, I found a real-time feed, but its HTML, no API.

http://www.nasdaq.com/markets/commodities.aspx

NYMEX WTI Crude Oil, and this page has a real time price. It's dirty work, but you could write a script to parse the HTML and pull out the number - they don't have an API, the data is baked into the source.

scratch that, it's 15 min delayed.

[bluebit]

bump, let's get oil trading

[monsterer]

It would have been better to use WTI or Brent for these assets in my opinion, probably easier to find price data and more international.

https://www.quandl.com/help/api

They support 50 requests per day for unregistered users. Might be worth a look?

[svk]

It would have been better to use WTI or Brent for these assets in my opinion, probably easier to find price data and more international.

[Akado]

i made a quick search, something you could easily find so i dunno if these would do?

http://www.eia.gov/developer/
http://www.eia.gov/beta/api/

"Currently, EIA's API contains the following main data sets:

408,000 electricity series organized into 29,000 categories
30,000 State Energy Data System series organized into 600 categories
115,052 petroleum series and associated categories
11,989 natural gas series and associated categories
132,331 coal series and associated categories (released Feb 25, 2014)
3,872 Short-Term Energy Outlook series and associated categories (released May 27, 2014)
368,466 Annual Energy Outlook series and associated categories (released May 27, 2014)"

also https://catalog.data.gov/dataset?q=organization:doe-gov+AND+type:dataset&publisher=U.S.+Energy+Information+Administration
you can search for Petroleum Data Application Programming Interface (API) https://catalog.data.gov/dataset/petroleum-data-application-programming-interface-api

dont know if this is of any use or if there is some kind of problem due to being .gov? well, the intention counts 

[xeroc]

I guess the feed script needs updating, since there are currently only two feeds for OIL and at least 60 delegates providing feeds in general?

There's no real-time source for the oil price .. that's holding us back atm ..
If you can find one that can be called via API .. things will change quickly

[monsterer]

We could be sitting on an OIL well   

I guess the feed script needs updating, since there are currently only two feeds for OIL and at least 60 delegates providing feeds in general?

[Empirical1.1]

There was some discussion of making bitGOLD stronger to help market bitAssets. And yet only way to make it stronger seems to be to market bitGOLD. Somewhat same issue with bitOIL and all the rest.

BitOIL is growing on me.

The decider would maybe be, making a thread in the Chinese section, 'Would you like to trade BitOIL?' & see if there's an appetite for it .

OIL I think is something a lot of people would like to have exposure to, but it isn't as easily accessible if you don't have a trading account. I think BitOIL might get some attention and market itself easily, just by making a few posts and letting our market know we have it, especially right now when there's a lot of consensus that it's potentially underpriced.

There is also more competition for other options and we need to make them accessible and market them to those that need them most. Yet a lot of people in crypto and BTS'ers might consider BitOIL as there are not a lot of easy alternatives out there.

We could be sitting on an OIL well    

[CLains]

There was some discussion of making bitGOLD stronger to help market bitAssets. And yet only way to make it stronger seems to be to market bitGOLD. Somewhat same issue with bitOIL and all the rest.