Author Topic: The Hero from BitShares Island  (Read 23869 times)

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Offline alt

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what's the plan?
how many will you spent,
how many time will you use,
how many people will you hire,
or just another great idea will bring us to the moon?

I have shared access to the golden goose with everyone.
But I'll hold off on sharing what I plan to do with my eggs.

 :)
thanks, I'll ignore it, good luck.

Offline fav

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In order to obtain a slot as feed producer, please send an email to::: feed@hero.global

 http://docs.hero.global/en/master/feedproducer.html

Offline Stan

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what's the plan?
how many will you spent,
how many time will you use,
how many people will you hire,
or just another great idea will bring us to the moon?

I have shared access to the golden goose with everyone.
But I'll hold off on sharing what I plan to do with my eggs.

 :)
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline alt

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what's the plan?
how many will you spent,
how many time will you use,
how many people will you hire,
or just another great idea will bring us to the moon?

Offline wackou

if you want to provide feed make sure to talk to xeroc first. last thing I heard was that there are not enough feed providers  registered.
I think @xeroc already knows, he is in our telegram channel and @wackou updated BTS Tools to 0.4.12 with HERO feeds as an option.

I think you need to send an email anyway to feed@hero.global to get on the list of approved publishers. See here: http://docs.hero.global/en/master/feedproducer.html
Please vote for witness wackou! More info at http://digitalgaia.io

Offline sahkan

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if you want to provide feed make sure to talk to xeroc first. last thing I heard was that there are not enough feed providers  registered.
I think @xeroc already knows, he is in our telegram channel and @wackou updated BTS Tools to 0.4.12 with HERO feeds as an option.

Offline fav

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if you want to provide feed make sure to talk to xeroc first. last thing I heard was that there are not enough feed providers  registered.

Offline Thom

I have the feeds set up for when this thing kicks off.

I'm just waiting for a "GO!", all ready and set to feed...
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Offline Stan

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I have the feeds set up for when this thing kicks off.

+1
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline konelectric

For the newbie here interested in this thread. Start here: https://bitsharestalk.org/index.php/topic,22696.0.html
Tweeter: Konelectric. Steemit: Konelectric. Youtube: Patrick Konshak. Success Council: Yourship. Mumble: Yourship or Konelectric.

Offline sahkan

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I have the feeds set up for when this thing kicks off.

Offline konelectric

I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/@biophil/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/@biophil/who-will-pay-the-interest-on-hero

Shorter links:
http://bit.ly/2qarwO4 
http://bit.ly/2q90XKM
Tweeter: Konelectric. Steemit: Konelectric. Youtube: Patrick Konshak. Success Council: Yourship. Mumble: Yourship or Konelectric.

Offline Stan

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I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/@biophil/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/@biophil/who-will-pay-the-interest-on-hero

Here is an example when a person got completely confused by "5% return" claim. There is not 5% return, 1 HERO will always stay 1 HERO. 5% is a rate of increase of underlying peg index relative to USD.

I'll assume you didn't read my articles. I do understand the distinction, hence the word "effective." I'm arguing that HERO is very unlikely to average 5% appreciation, because it will probably ​trade at a large premium (on average) to the price feed. Simultaneously, if it trades at a large premium to the price feed, it will be subject to unpredictable price swings because the smartcoin mechanism only stabilizes price effectively when you're close to the feed. If HERO shorters aren't careful with Stan's bullish language, they're going to lose a lot of money while they're wondering why the price of HERO won't fall.

If you're bullish about HERO, you should read my articles and tell me why I'm wrong. I welcome the feedback!

Thanks for your thoughtful analysis.
I commented on them in your articles on Steemit.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline biophil

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I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/@biophil/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/@biophil/who-will-pay-the-interest-on-hero

Here is an example when a person got completely confused by "5% return" claim. There is not 5% return, 1 HERO will always stay 1 HERO. 5% is a rate of increase of underlying peg index relative to USD.

I'll assume you didn't read my articles. I do understand the distinction, hence the word "effective." I'm arguing that HERO is very unlikely to average 5% appreciation, because it will probably ​trade at a large premium (on average) to the price feed. Simultaneously, if it trades at a large premium to the price feed, it will be subject to unpredictable price swings because the smartcoin mechanism only stabilizes price effectively when you're close to the feed. If HERO shorters aren't careful with Stan's bullish language, they're going to lose a lot of money while they're wondering why the price of HERO won't fall.

If you're bullish about HERO, you should read my articles and tell me why I'm wrong. I welcome the feedback!
Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."

Offline fluxer555

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I don't think it's likely that HERO will pay effective returns of 5%. If you look very closely, HERO can only offer a maximum of 5% return; if it consistently trades above the price feed, it will offer lower returns. Sadly, if it trades above the price feed, it isn't 100% backed by BTS in collateral, which destroys one of its main value propositions.

Stan is talking like this thing is a free lunch (cue him telling me that he's not; judge for yourself), but it's rarely that simple. I don't frequent this forum much any more, but I've been posting about HERO over on Steemit:

https://steemit.com/bitshares/@biophil/will-hero-work-or-can-you-brute-force-the-free-market
https://steemit.com/bitshares/@biophil/who-will-pay-the-interest-on-hero

Here is an example when a person got completely confused by "5% return" claim. There is not 5% return, 1 HERO will always stay 1 HERO. 5% is a rate of increase of underlying peg index relative to USD.

If you read his steem articles, it's clear he understands this.