BOSEG - DRAFT

[noisy]

I like the idea ... but on the DEX, every transaction costs REAL money!

but right now with MIT licence, we can create a fork for that. We would need only some kind of authorization, to not give virtual coins 2 times to this same person.

[xeroc]

I like the idea ... but on the DEX, every transaction costs REAL money!

[btswolf]

Around Christmas I had an idea.
I found out that there are a lot of Online Stock Exchange games around the world.
You register an free account, got a lot of virtual play money to buy stocks.
When you think you are ready for the real world they guide you the real exchange service.

I think this would be a real cool way on how to attract new users to BitShares.
But since the DEX is not ready for Stock and I actually don`t know much about programming at all I think before I erase that idea out of mind and my computer... I post here my very rough idea/concept about BOSEG.

Feel free to ignore or adapt or use this concept for your own purpose.

BitShares Online Stock Exchange the Game - BOSEG

Mission Statement
Offer a free blockchain based stock market game.
Full BitShares experience for free.
Great Community with real trading experience.

Side Effects
Low entry barrier to real BitAsset trading
Referrals
Publicity

Game Rules
Each round lasts for X months.
P2P Transfers are disabled
Each player gets 100.000 BOSEGs (equivalent to $100.000)
All BOSEGxxx Assets will be redeemed at the end of each round. (is this possible?)
- Each player has to accept rules

Asset Rules
Ingame currency: BOSEG
Asset Prefix: BOSEG (e.g. BOSEGOIL)
Selling BOSEG Assets is forbidden (disqualified)
Asset Price is based on a single public source. (E.g. Bloomberg.com, yahoo finance, google etc.)

Game Masters
Manual interaction
Automatically
- set Sell Orders based on real price
- cancel open orders a couple of times per day and open new ones if offset is greater x

Cost
500.000 BTS for 100 Stock BOSEG Assets

Mechanism
Asset handling
- Get real $USD stock prices for certain BitAssets into a csv file
- Create/Cancel Market Orders based on the real price

I have to be able to set all needed parameters through a config file.
For example

#Assets.cfg
[BOSEGALLIANZ]
VALUEUSD=Stockprices.csv#DE0008404005
TYPE=ISIN (or SYMBOL oder WKN)

[BOSEGSTXS]
VALUEUSD=Stockprices.csv#A1J09L
TYPE=WKN