The Hero from BitShares Island

[alt]

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.

[fav]

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

[Stan]

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.

 

[alt]

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?

[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

[sahkan]

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.

[fav]

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.

[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...

[Stan]

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

[konelectric]

For the newbie here interested in this thread. Start here: https://bitsharestalk.org/index.php/topic,22696.0.html

[sahkan]

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

[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

[Stan]

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.

[biophil]

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!

[fluxer555]

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.