BIT20 Smartcoin, top 20 cryptos weighted index (ETF like)

[EstefanTT]

wanted to chime in, too

very interesting project, I will also update the bts_tools package to publish this feed and will publish it myself once I get around to do it. At the moment, I'm right in the middle of a refactoring + adding support for steem, so it'll take a couple more weeks I imagine, but you can count me in!

Thanks !!! I will !

I guess we won't wait much more. The script is in the Mindphlux hands

This is just quick solution to avoid more delays. I have something better in the pipeline for publishing the price in a completely decentralised way but alowing me to add easily more code in the index revision system if needed without having to update the scripts with all the witnesses everytime.



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[liondani]

wanted to chime in, too

very interesting project, I will also update the bts_tools package to publish this feed and will publish it myself once I get around to do it. At the moment, I'm right in the middle of a refactoring + adding support for steem, so it'll take a couple more weeks I imagine, but you can count me in!

Thanks !!! I will !

I guess we won't wait much more. The script is in the Mindphlux hands

This is just quick solution to avoid more delays. I have something better in the pipeline for publishing the price in a completely decentralised way but alowing me to add easily more code in the index revision system if needed without having to update the scripts with all the witnesses everytime.



Sent from my SM-G900F using Tapatalk

can't wait to buy some!!! 

[EstefanTT]

wanted to chime in, too

very interesting project, I will also update the bts_tools package to publish this feed and will publish it myself once I get around to do it. At the moment, I'm right in the middle of a refactoring + adding support for steem, so it'll take a couple more weeks I imagine, but you can count me in!

Thanks !!! I will !

I guess we won't wait much more. The script is in the Mindphlux hands

This is just quick solution to avoid more delays. I have something better in the pipeline for publishing the price in a completely decentralised way but alowing me to add easily more code in the index revision system if needed without having to update the scripts with all the witnesses everytime.



Sent from my SM-G900F using Tapatalk

can't wait to buy some!!! 

So do I.

I think is a nice investment.
You can let your money grow smoothly over the years.
I don't think the buyers market will be a problem. It will be a little tricky to get shorters shorting at a decent price. But I think that if the liquidity grows on one side, it would eventually grow on the other

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[Empirical1.2]

I think if you want to stick to the "best" 20 crypto's you should use the first 20 with the biggest volume NOT the 20 with the  biggest marketcap.... because we will see many shitcoins on the list very often....

I support this point. Market cap is a bad measure of performance. Issue trillions of shit coins and get #1 market cap. Look at ripple for example. Trade volume is the only good way to evaluate crypto token performance.

trade volume is also easily faked

It depends what exchanges you reference I guess. You can't fake volume very easily/for very long when you're paying 0.2% per trade can you?

(Coinmarketcap for example excludes the BTC exchanges with no fees from their calculations http://coinmarketcap.com/currencies/bitcoin/#markets )

You can't fake volume very easily/for very long when you're paying 0.2% per trade can you?

except you are the exchange owner... so the fees come back to you...

That's why I first consider the MC, because it's the only thing you can't fake. The only way to manipulate the MC is by pouring your money in the coin ;p

A lot of cryptos claim to have X supply on the market but you can't be sure they really distributed them, so their market cap is inflated but this is often obvious by their much lower volume.

(As an extreme example, have an ICO for 100 million coins, raise 100 BTC but 99.9 BTC actually came anonymously from you. Now there's only 100 000 coins on the market you don't own. Building their price up to $1 a coin would be fairly cheap and now your DAC/Coin would be valued at $100 million, but it would be clear your market cap is inflated because of the low volume.)

See any atm that shouldn't be included in a credible BIT10 ETF?