Author Topic: can we set the cover order's expire date to a random date?  (Read 2805 times)

0 Members and 1 Guest are viewing this topic.

Offline joele

  • Sr. Member
  • ****
  • Posts: 467
    • View Profile
... No rate premium for 30 day expiry; 2x premium for 60 day expiry, 3x for 90 days, etc.


+5%
An option to extend the expiry date and pay the extension fee.
« Last Edit: January 12, 2015, 08:58:15 am by joele »

Offline xiahui135

  • Sr. Member
  • ****
  • Posts: 496
    • View Profile
longer time needs more interest. This seems better.

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 4664
    • View Profile
    • Abit's Hive Blog
  • BitShares: abit
  • GitHub: abitmore
If shorts were forced to cover at random and unpredictable times, it would make shorting much less desirable and hurt adoption greatly.  If you take out one side of the market, there is no market anymore.
Agree.
BitShares committee member: abit
BitShares witness: in.abit

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
If shorts were forced to cover at random and unpredictable times, it would make shorting much less desirable and hurt adoption greatly.  If you take out one side of the market, there is no market anymore.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline islandking

  • Sr. Member
  • ****
  • Posts: 378
  • The king of the island
    • View Profile
This seems unnecessary. It works fine the way it is.
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. - Satoshi

Offline Troglodactyl

  • Hero Member
  • *****
  • Posts: 960
    • View Profile
Seems like unnecessary complexity and uncertainty.

Offline biophil

  • Hero Member
  • *****
  • Posts: 880
  • Professor of Computer Science
    • View Profile
    • My Academic Website
  • BitShares: biophil
It'll smooth out with higher volume. Incentive to maintain the peg doesn't change.

Definitely no interest rate fixing...

Sent from my SCH-I535 using Tapatalk

It wouldn't be rate fixing if people could pay for longer expiry. No rate premium for 30 day expiry; 2x premium for 60 day expiry, 3x for 90 days, etc.

Sent from my SCH-S720C using Tapatalk 2

Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."

Offline bytemaster

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline xiahui135

  • Sr. Member
  • ****
  • Posts: 496
    • View Profile
I wonder this topic BM will read or not.

Offline toast

  • Hero Member
  • *****
  • Posts: 4001
    • View Profile
  • BitShares: nikolai
It'll smooth out with higher volume. Incentive to maintain the peg doesn't change.

Definitely no interest rate fixing...

Sent from my SCH-I535 using Tapatalk

Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline 天籁

  • Hero Member
  • *****
  • Posts: 744
    • View Profile
I prefer the following:

1 month expire date with 3%+ annual interest rate
3 month expire date with 6%+ annual interest rate
6 month expire date with 10%+ annual interest rate

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 4664
    • View Profile
    • Abit's Hive Blog
  • BitShares: abit
  • GitHub: abitmore
the expire date for cover order  is too close, it's not good for peg.
if we can dispersed it at a date between 30days to 60 days, I think it's more better
How about a self-defined date in a limited range?

I don't like this kind of random values.
I want to know the expire date before I place the order, not afterwards.
« Last Edit: January 11, 2015, 02:43:42 am by abit »
BitShares committee member: abit
BitShares witness: in.abit

Offline xiahui135

  • Sr. Member
  • ****
  • Posts: 496
    • View Profile
It sounds good. If the expire date is unexpectable, it will be harder to gamble for those owning large scale bts. This help peg.

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
the expire date for cover order  is too close, it's not good for peg.
if we can dispersed it at a date between 30days to 60 days, I think it's more better