Author Topic: Injecting some fun into bitshares - new markets  (Read 4149 times)

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Offline monsterer

For Brownian motion we need decent random number(s).

Not in my estimation. Each feed provider uses the same algorithm which generates a slightly different Brownian motion (but not wildly different). The feed price is actually an average anyway, so any attacker would need to predict the next random number from each feed provider in order to predict the next feed price. Even if they were able to do this, it doesn't matter so much anyway, because an attacker would need to predict future feed prices in order to make a profit, not just the current one, since they must then trade on the market.

Quote
London temperature -> who will measure it? It will depend on an external source.

By nature all feed prices depend on external sources - I don't see any problem?
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Offline ebit

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Temperature Asset can be joined IOT.
I think @kenCode will love.
« Last Edit: April 14, 2015, 08:52:34 am by ebit »
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Offline fav

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I'm missing some esports stuff. Like Challenger ELO grossing (League of Legends) - something an outsider would find interesting to check/buy

Offline xeroc

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Offline emski

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I'm Ignoring the fact that these suggestions use the BTS blockchain in a completely different way than it was designed.
I like the idea for BTC hash rate. It might be fun to play with such an asset.
Bitcoin hash rate is verifiable and hard to manipulate.
For Brownian motion we need decent random number(s).
For the rest:
London temperature -> who will measure it? It will depend on an external source.
Game sales and Film grossing data rely on an external source.

Offline monsterer

I've been thinking about creating some fun, novel market pegged assets, and I'd like your feedback:

Brownian motion

This is a random walk, priced between 0 and 1 BTS. This would allow gamblers to use the bitshares wallet without modification to bet their BTS on random chance using the existing market mechanisms.

London temperature

Feed price tracks the temperature in London in real time, again priced in BTS (fahrenheit so we don't have less than 0 - could use kelvin, of course) . At first glance this seems absurd because it is largely predictable, but I think this could lead to some very interesting behaviours.

Bitcoin hash rate

Feed price tracks the bitcoin hash rate

Games100 index

Tracks computer game sales for the top 100 computer games

Film100 index

Tracks film sales for the top 100 grossing films

The last couple might be hard to get decent data from, but the first lot should be a breeze. I'd love to hear what you think about this?

Cheers, Paul.
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