Author Topic: KKachi is on OPEN.ETH:OPEN.BTC market!  (Read 3929 times)

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Offline openledger

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Offline clayop

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Thanks for all kind words!

Durumi is under testing on OPEN.ETH:BTS market. Get ether with your BTS!
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Offline merivercap

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Great job @clayop!  I see a lot of potential of this being used in many markets.
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Offline Ben Mason

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Finally, Kkachi got some OPEN.ETH and began to make OPEN.ETH:OPEN.BTC market.
He's also making BTS:OPEN.BTC market too, so you can convert your BTS into OPEN.ETH without any difficulties.

Please check it out  8)

markets like OPEN.ETH:OPEN.BTC are simple ...  was mtgox offers years ago. They depend on trust to some third-party. Bots should be on trades like bitBTC:bitCNY. There is only way to make a truly decentralize trustless exchange. What you are doing is making bitshares even more confusing for newbies.
The UIA offerings on the DEX are not the same as mtgox markets. At the very least, there's a fundamental difference in a system where the "supply" of the UIA is a publicly available number that can't be obscured. Another important difference is that "anyone" can create a UIA and markets are automatically available between that UIA and all other assets in the system. I understand your desire for a trustless asset, but please don't let that blind you to the vast differences between what we have  in BitShares and a traditional centralized exchange.
well said and quite right....

End result is the same.. 3rd party goes, YOUR money goes.

I don't think it's an improvement in this case. But good initiative @clayop, I'll stay tuned for when the bot trades smartcoins.
true, so anything that increases  your ability to assess or limit risk is positive. Don't you think?

Offline karnal

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Finally, Kkachi got some OPEN.ETH and began to make OPEN.ETH:OPEN.BTC market.
He's also making BTS:OPEN.BTC market too, so you can convert your BTS into OPEN.ETH without any difficulties.

Please check it out  8)

markets like OPEN.ETH:OPEN.BTC are simple ...  was mtgox offers years ago. They depend on trust to some third-party. Bots should be on trades like bitBTC:bitCNY. There is only way to make a truly decentralize trustless exchange. What you are doing is making bitshares even more confusing for newbies.
The UIA offerings on the DEX are not the same as mtgox markets. At the very least, there's a fundamental difference in a system where the "supply" of the UIA is a publicly available number that can't be obscured. Another important difference is that "anyone" can create a UIA and markets are automatically available between that UIA and all other assets in the system. I understand your desire for a trustless asset, but please don't let that blind you to the vast differences between what we have  in BitShares and a traditional centralized exchange.
well said and quite right....

End result is the same.. 3rd party goes, YOUR money goes.

I don't think it's an improvement in this case. But good initiative @clayop, I'll stay tuned for when the bot trades smartcoins.

Offline Ben Mason

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Finally, Kkachi got some OPEN.ETH and began to make OPEN.ETH:OPEN.BTC market.
He's also making BTS:OPEN.BTC market too, so you can convert your BTS into OPEN.ETH without any difficulties.

Please check it out  8)

markets like OPEN.ETH:OPEN.BTC are simple ...  was mtgox offers years ago. They depend on trust to some third-party. Bots should be on trades like bitBTC:bitCNY. There is only way to make a truly decentralize trustless exchange. What you are doing is making bitshares even more confusing for newbies.
The UIA offerings on the DEX are not the same as mtgox markets. At the very least, there's a fundamental difference in a system where the "supply" of the UIA is a publicly available number that can't be obscured. Another important difference is that "anyone" can create a UIA and markets are automatically available between that UIA and all other assets in the system. I understand your desire for a trustless asset, but please don't let that blind you to the vast differences between what we have  in BitShares and a traditional centralized exchange.
well said and quite right....

Offline dannotestein

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Finally, Kkachi got some OPEN.ETH and began to make OPEN.ETH:OPEN.BTC market.
He's also making BTS:OPEN.BTC market too, so you can convert your BTS into OPEN.ETH without any difficulties.

Please check it out  8)

markets like OPEN.ETH:OPEN.BTC are simple ...  was mtgox offers years ago. They depend on trust to some third-party. Bots should be on trades like bitBTC:bitCNY. There is only way to make a truly decentralize trustless exchange. What you are doing is making bitshares even more confusing for newbies.
The UIA offerings on the DEX are not the same as mtgox markets. At the very least, there's a fundamental difference in a system where the "supply" of the UIA is a publicly available number that can't be obscured. Another important difference is that "anyone" can create a UIA and markets are automatically available between that UIA and all other assets in the system. I understand your desire for a trustless asset, but please don't let that blind you to the vast differences between what we have  in BitShares and a traditional centralized exchange.
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Offline noisy

Finally, Kkachi got some OPEN.ETH and began to make OPEN.ETH:OPEN.BTC market.
He's also making BTS:OPEN.BTC market too, so you can convert your BTS into OPEN.ETH without any difficulties.

Please check it out  8)

markets like OPEN.ETH:OPEN.BTC are simple ...  was mtgox offers years ago. They depend on trust to some third-party. Bots should be on trades like bitBTC:bitCNY. There is only way to make a truly decentralize trustless exchange. What you are doing is making bitshares even more confusing for newbies.
Take a look on: https://bitsharestalk.org/index.php/topic,19625.msg251894.html - I have a crazy idea - lets convince cryptonomex developers to use livecoding.tv

Offline lil_jay890

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Offline clayop

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Finally, Kkachi got some OPEN.ETH and began to make OPEN.ETH:OPEN.BTC market.
He's also making BTS:OPEN.BTC market too, so you can convert your BTS into OPEN.ETH without any difficulties.

Please check it out  8)
Bitshares Korea - http://www.bitshares.kr
Vote for me and see Korean Bitshares community grows
delegate-clayop

Offline clayop

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I mean any smart coins trading coming anytime soon or huhu nono?

My thoughts exactly. I don't want to hold 3rd party UIAs, might as well leave them at MtGox then.
If there's a BTC gateway with flat fee, Kkachi can make bitBTC markets. Potentially Kkachi algorithm can be used to (T)CNY-BTS market thanks to transwiser.
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Offline karnal

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I mean any smart coins trading coming anytime soon or huhu nono?

My thoughts exactly. I don't want to hold 3rd party UIAs, might as well leave them at MtGox then.

Offline tonyk

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Kkachi (magpie) is a real-time bot that provides liquidity to OpenBTC-based market with lower spreads.
If you want to trade BTS with BTC, use OpenBTC and Kkachi! You don't need to move your BTS to Poloniex or other exchanges, and do not have to wait for super long 50 confirmations hoping that the price not changes much.

Kkachi now supports real-time price detect, multi-currency, and multi-bracket order. It seems quite busy because it's real-time and has price sensitivity because of low spread.

Compare the price with other exchanges and decide. I'm pretty sure that Kkachi will provide you with great service and good price.

It will provide OPEN.ETH - OPEN.BTC market when available. So stay tuned!

well, that is cool.
But Open.XXX (aka openledger is as closed, and as stupid as it gets)... you being their liquidity provider is...OK
I mean all we get is Ronny coming out with some nonsensical statement when he decides to do so.... He even bought some obituaries (OBITS) at some prices...you know. No reason why but with pictures (and all is good if there are pics)

I mean any smart coins trading coming anytime soon or huhu nono?
« Last Edit: February 04, 2016, 05:53:59 am by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline clayop

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Kkachi (magpie) is a real-time bot that provides liquidity to OpenBTC-based market with lower spreads.
If you want to trade BTS with BTC, use OpenBTC and Kkachi! You don't need to move your BTS to Poloniex or other exchanges, and do not have to wait for super long 50 confirmations hoping that the price not changes much.

Kkachi now supports real-time price detect, multi-currency, and multi-bracket order. It seems quite busy because it's real-time and has price sensitivity because of low spread.

Compare the price with other exchanges and decide. I'm pretty sure that Kkachi will provide you with great service and good price.

It will provide OPEN.ETH - OPEN.BTC market when available. So stay tuned!
« Last Edit: February 10, 2016, 03:16:46 pm by clayop »
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