I have a really embarrassing question (it's simple math, right?)

[kenCode]

argh, no prob favdesu.
i forgot what i typed now but it had something to do with automatically transferring bitshares into bitassets.

A simple Python script with the rpc modules could handle that. That's basically what a market maker bot does.

That's a feature I would really like to see in the bts client and wallets.
So, as I get Yield, that yield could automatically get transferred into a specific bts or bitasset account, reinvested automatically.
If someone could add that feature to the proper Delegates todo list or github that'd be great.
Thanx!

[Riverhead]

argh, no prob favdesu.
i forgot what i typed now but it had something to do with automatically transferring bitshares into bitassets.

A simple Python script with the rpc modules could handle that. That's basically what a market maker bot does.

[kenCode]

argh, no prob favdesu.
i forgot what i typed now but it had something to do with automatically transferring bitshares into bitassets.

[fav]

sorry, misclicked the modify for quote button :<


what I was about to answer is that you won't buy 20000 oz with $1000 in bitshares to make 1 oz / day

[kenCode]

favdesu: I suck at posting pls re-edit this post

[Xeldal]

#oz * Int = Yield

x * .0183 = 365 oz yield

365 / 0.0183 = ~19,945 #oz

19,945 oz 

This uses 1.83% which is the current rate, I don't know the average rate.
This ignores compounding interest, if your looking for an average of 1 bSilver a day over a years time it would be different.

[kenCode]

Ok, I aced Advanced math in school, but suck royally at simple math. I know I know, doesn't make sense.
 
Question:
At today's average market rate, how many ounces of bitSilver would I have to buy to earn 1.0 bitSilver per day in Yield?