Author Topic: Project: BitUSD Liquidity  (Read 9401 times)

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Offline bytemaster

We will know they are in trouble when they start offering interest to park. 
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 Rune

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Okay they just added their huge walls back at a 1% spread... Well, we can still beat them at this if we just get somewhat close. Having those artificial walls means they lose money over time. We just need to educate people that our collateral is more sound, and then get volume and walls going!

edit: aaand it's gone.

I have a feeling people are cashing out of nubits and into other cryptos, and the market makers are running out of collateral to enforce the peg with, so they're wary of putting up the nubits sell wall. If we got BitUSD/BTC running as well we can contribute to the meltdown!
« Last Edit: January 16, 2015, 01:54:03 pm by Rune »

Offline btswildpig

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Crossposted to the chinese forum in crappy chinese:

https://bitsharestalk.org/index.php?topic=13376.0

This has to be done as a community effort, this is our chance to finally get an easy way into bitUSD! If you have any BitUSD to spare, put it on the exchange and start market making!

Totally nailed it
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Offline fuzzy

Wondering what you can do to help bitshares up to the 1.0 launch?

Toast has written a market maker bot for BTC/BitUSD on bter.com that Riverhead is now running (possibly others)

https://bter.com/trade/btc_bitusd

Volume is only 10 BTC so far, but notice the spread is around 5%. If you check out NuBits you can see that their spread is more or less the same: https://bter.com/trade/nbt_btc

This is most likely because the "trusted" custodians have lost shitloads of money by getting BTC dumped on them in the last crash, so they have widened their spread in an attempt to make money so they'll  stop being a fractional reserve. This is our moment to steal their market and surpass them as _the_ 1 USD token. All we have to do is to keep our spread lower, and then pump the volume! BTC isn't crashing any more so market making at a small spread will be profitable!

If you want to help BitUSD get adoption then get on bter now and start trading!!! Lets push the volume to at least 100 BTC as soon as possible!

Every day, I want to drink a beer with you more...

Crossposted to the chinese forum in crappy chinese:

https://bitsharestalk.org/index.php?topic=13376.0

This has to be done as a community effort, this is our chance to finally get an easy way into bitUSD! If you have any BitUSD to spare, put it on the exchange and start market making!

Nice job on the crappy chinese, though I assure you most of our Chinese is worse. :)
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline Rune

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Crossposted to the chinese forum in crappy chinese:

https://bitsharestalk.org/index.php?topic=13376.0

This has to be done as a community effort, this is our chance to finally get an easy way into bitUSD! If you have any BitUSD to spare, put it on the exchange and start market making!

Offline kaibakker


Offline Rune

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Wondering what you can do to help bitshares up to the 1.0 launch?

Toast has written a market maker bot for BTC/BitUSD on bter.com that Riverhead is now running (possibly others)

https://bter.com/trade/btc_bitusd

Volume is only 10 BTC so far, but notice the spread is around 5%. If you check out NuBits you can see that their spread is more or less the same: https://bter.com/trade/nbt_btc

This is most likely because the "trusted" custodians have lost shitloads of money by getting BTC dumped on them in the last crash, so they have widened their spread in an attempt to make money so they'll  stop being a fractional reserve. This is our moment to steal their market and surpass them as _the_ 1 USD token. All we have to do is to keep our spread lower, and then pump the volume! BTC isn't crashing any more so market making at a small spread will be profitable!

If you want to help BitUSD get adoption then get on bter now and start trading!!! Lets push the volume to at least 100 BTC as soon as possible!