Author Topic: Market making contest, stage one  (Read 24594 times)

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Offline abit

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Re: Planning a market making contest
« Reply #60 on: October 23, 2019, 11:30:56 am »
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Offline abit

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Re: Planning a market making contest
« Reply #61 on: October 23, 2019, 11:32:40 am »
Now we have SPARKDEX, RUDEX and GDEX ready for the contest,
XBTSX is in preparation,
no response from CryptoBridge,
pending confirmation from OpenLedger, Deex and another gateway.

I think we're ready to start the contest now. How about starting from this Friday?

the next question is, how to reach people that would have intrerst in the contest?
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Offline bitcrab

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Re: Planning a market making contest
« Reply #62 on: October 23, 2019, 02:38:02 pm »
it's OK to start from Friday.

GDEX will try to attract the traders who are interested on this to come.

Offline pc

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Re: Planning a market making contest
« Reply #63 on: October 23, 2019, 02:45:14 pm »
I think we're ready to start the contest now. How about starting from this Friday?

Thanks for your work. I think it would be a good idea if the committee members could voice their support here. After all, they are the ones who'll have to confirm the payouts.
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Offline abit

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Re: Planning a market making contest
« Reply #64 on: October 23, 2019, 03:19:21 pm »
I think we're ready to start the contest now. How about starting from this Friday?

Thanks for your work. I think it would be a good idea if the committee members could voice their support here. After all, they are the ones who'll have to confirm the payouts.
Not only the committee members but also other community members / BTS holders should voice, after all, BTS holders voted for the committee members.
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Offline Bhuz

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Re: Planning a market making contest
« Reply #65 on: October 23, 2019, 10:11:19 pm »
I support this contest and would like to take the opportunity to thanks abit for all his efforts!

Online sschiessl

Re: Market making contest
« Reply #66 on: October 25, 2019, 12:06:48 pm »
Is the pseudo-code stated in the OP accurate?

Offline abit

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Re: Market making contest
« Reply #67 on: October 25, 2019, 12:46:58 pm »
Is the pseudo-code stated in the OP accurate?
Yes.
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Offline abit

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Re: Market making contest
« Reply #68 on: October 25, 2019, 12:52:48 pm »
Sample rewarding data for 2019-10-24 with the latest parameters
(buyers:sellers = 98:2, trading assets are SPARKDEX.BTC, RUDEX.BTC, GDEX.BTC, GDEX.USDT):

BTC
Code: [Select]
--seller-------------------------reward(BTS)-
neffos14                              7.47241
trans.bot                             2.56695
demo.btsbots                          1.77146
exchange.btsbots                      1.56208
primal                                0.85098
ymbot02                               0.70032
sparkdex-mmbot2                       0.59665
ex-bot                                0.39597
rudex-market                          0.36723
lyh-2012                              0.34134
sabertooth                            0.24745
saul777                               0.05371
bco-otstoi2                           0.04391
confia-shares                         0.04335
zdbz                                  0.04106
r1mus                                 0.03270
dgeksea1972                           0.03040
gdex-huobi                            0.02233
mrugakshee-palwe                      0.01495
moar007                               0.01304
ymbot03                               0.01164
dm-trader                             0.00982
bot-10                                0.00720
finteh-escrow                         0.00681
gargantua7                            0.00264
edtech                                0.00249
fedor-12                              0.00124
abc686                                0.00077
ltm-worker-6                          0.00017
Code: [Select]
--buyer--------------------------reward(BTS)-
wzm1                                395.45741
trans.bot                            97.43250
rsa1024                              49.49524
rudex-market                         47.31145
sparkdex-mmbot2                      45.67627
gugu-sherman                         16.01561
gargantua7                            8.88407
ymbot03                               6.75823
zdbz                                  2.85289
brian-jones                           2.32675
ltm-worker-6                          0.79998
bco-otstoi2                           0.35513
virtualnetwork1                       0.14535
bot-10                                0.11054
growth-fund-one                       0.03881
USDT
Code: [Select]
--seller-------------------------reward(BTS)-
yy-bot                                0.04218
gdex-huobi                            0.02390
Code: [Select]
--buyer--------------------------reward(BTS)-
yy-bot                                8.84108
trans.bot                             2.30558
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Offline George_Bitspark

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Re: Market making contest
« Reply #69 on: October 25, 2019, 01:32:20 pm »
This proposal should not go ahead until the following issues are fixed:

1. There is no end date.
2. The calculations for the rewards aswell as historical data for the calculation vs what was distributed is not publicly available nor open source. This means whoever does the calculations for rewards can easily manipulate the distributions.
3. The community has expressed clear opinion in Telegram 75% in favour for open sourcing the information in point 2 and while not a definitive statistic it is indicative of the sentiment in the community on this.

Perhaps there is option for a fee to be charged by whoever the committee vote for to be the one who's open source price feed script and historical data collection is used. However the standard to meet is clear in that it should be transparent and open for people to verify the legitimacy of the calculations.
« Last Edit: October 25, 2019, 01:34:04 pm by George_Bitspark »
Bitspark- Cash to Cryptocurrency

Offline Thul3

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Re: Market making contest
« Reply #70 on: October 25, 2019, 01:46:07 pm »
Quote
3. The community has expressed clear opinion in Telegram 75% in favour for open sourcing the information in point 2 and while not a definitive statistic it is indicative of the sentiment in the community on this.


12 people have expressed their opinion in total.I wouldn't call it the community

Offline Digital Lucifer

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Re: Market making contest
« Reply #71 on: October 25, 2019, 02:41:54 pm »
This proposal should not go ahead until the following issues are fixed:

1. There is no end date.
2. The calculations for the rewards aswell as historical data for the calculation vs what was distributed is not publicly available nor open source. This means whoever does the calculations for rewards can easily manipulate the distributions.
3. The community has expressed clear opinion in Telegram 75% in favour for open sourcing the information in point 2 and while not a definitive statistic it is indicative of the sentiment in the community on this.

Perhaps there is option for a fee to be charged by whoever the committee vote for to be the one who's open source price feed script and historical data collection is used. However the standard to meet is clear in that it should be transparent and open for people to verify the legitimacy of the calculations.

1. Agree to it - but i believe its gonna last for a while with current markets on the DEX.
2. Script is written by Abit, under his own hours and his own free will. As a developer he is not willing (nor any other would be) to open-source his own knowledge that was not paid for or planned to be open-source (as author he has that rights). In light of security, script and entire snapshot process will be hosted on one of my servers where ill personally will have access to script diligence.
3. Community can't demand private development to become public. There is no worker or offer to it, so vote is meaningless.

P.S. All data from snapshot can manually be checked and rewards calculated by data from the blockchain/markets/trades - whoever has concerns.

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Offline Fox

Re: Market making contest
« Reply #72 on: October 25, 2019, 03:06:07 pm »
The BitShares project (Committee, Worker Proposals, Escrow Agents) has never remitted BTS to an entity without the code being open source and MIT licensed. The proposed closed source competition is a divergence from the ethos of BitShares as decentralized and open.
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Offline abit

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Re: Market making contest
« Reply #73 on: October 25, 2019, 05:36:41 pm »
The BitShares project (Committee, Worker Proposals, Escrow Agents) has never remitted BTS to an entity without the code being open source and MIT licensed. The proposed closed source competition is a divergence from the ethos of BitShares as decentralized and open.
There is a difference between selling code and selling services. For example, the core team develops software for others to use so it's selling code, BBF as an escrow is selling services so they don't need to open source the code behind the services. I consider my contribution for the contest as a service, although I did open source some of my code in this thread.
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Offline Peryn

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Re: Market making contest
« Reply #74 on: October 25, 2019, 07:23:47 pm »
I think if this does not help. the next steps will have to disable Setl. :)