Author Topic: How do we publish the price feed?  (Read 2252 times)

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Offline Riverhead

Re: How do we publish the price feed?
« Reply #15 on: August 25, 2014, 12:42:13 pm »
AFAIK .. in the long run .. price feeds will be unecessary .. because then the price feed will be build from the 24h moving average ..

Our spaceship to moon just needs an initial ignition :)
Think you're right yea. Also, publishing a price feed requires the standard transaction fee of 0.5 BTSX, so I wouldn't setup a script to update it all too often, although I suppose it's a good idea to stay updated in the beginning.


BM recommended about once a day until the market was boot strapped and then the feeds wouldn't be required.


I too am still a bit fuzzy on the mechanics but I think it can be just typed into the CLI daily. Since it's a temporary process to bootstrap the market I'm OK doing it by hand once a day. I've had harder jobs :D .

Sounds good to me. I already published mine this morning, but it seems like I'm the only one so far. You can check it using:

Code: [Select]
blockchain_get_feeds_for_asset USD


Were we given the all clear to publish a feed? Last I heard we were waiting for everyone to get upgraded or something. I was out all day yesterday for my wife's birthday so I feel a bit out of touch :).

Offline svk

Re: How do we publish the price feed?
« Reply #16 on: August 25, 2014, 12:44:22 pm »
AFAIK .. in the long run .. price feeds will be unecessary .. because then the price feed will be build from the 24h moving average ..

Our spaceship to moon just needs an initial ignition :)
Think you're right yea. Also, publishing a price feed requires the standard transaction fee of 0.5 BTSX, so I wouldn't setup a script to update it all too often, although I suppose it's a good idea to stay updated in the beginning.


BM recommended about once a day until the market was boot strapped and then the feeds wouldn't be required.


I too am still a bit fuzzy on the mechanics but I think it can be just typed into the CLI daily. Since it's a temporary process to bootstrap the market I'm OK doing it by hand once a day. I've had harder jobs :D .

Sounds good to me. I already published mine this morning, but it seems like I'm the only one so far. You can check it using:

Code: [Select]
blockchain_get_feeds_for_asset USD


Were we given the all clear to publish a feed? Last I heard we were waiting for everyone to get upgraded or something. I was out all day yesterday for my wife's birthday so I feel a bit out of touch :).

No, no all clear so far, but I was under the impression we were to start on monday? :) I just got back from holiday myself so may not be up to date on everything, if we were to not publish until BM gave us the green light then my apologies.
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Offline xeroc

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Re: How do we publish the price feed?
« Reply #17 on: August 25, 2014, 12:45:04 pm »
monday depends on the timezone :)
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38PTSWarrior

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Re: How do we publish the price feed?
« Reply #18 on: August 25, 2014, 12:54:38 pm »
I'm so excited!

Offline boombastic

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Re: How do we publish the price feed?
« Reply #19 on: August 25, 2014, 01:18:10 pm »
I'm not comfortable to publish the feed just yet.  Waiting for the latest fixes to be released.


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Offline GaltReport

Re: How do we publish the price feed?
« Reply #20 on: August 25, 2014, 01:27:43 pm »
AFAIK .. in the long run .. price feeds will be unecessary .. because then the price feed will be build from the 24h moving average ..

Our spaceship to moon just needs an initial ignition :)

I think  this is right and  would be  good if we just need a few feeds to get it started.

Offline bytemaster

Re: How do we publish the price feed?
« Reply #21 on: August 25, 2014, 01:34:08 pm »
I'm not comfortable to publish the feed just yet.  Waiting for the latest fixes to be released.


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The feed is the "delegate vote of confidence"...  at this point in time there is 100% delegate participation (Great work delegates!).   The market code has been widely distributed for almost 5 days now so the risk of a hard-fork is minimal.   

The known issues are a "crash on close connection" that occurs somewhat randomly.   I am in the office and our team is standing by in case anything goes wrong.  We might as well give it a go... whats the worst that can happen?     

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Riverhead

Re: How do we publish the price feed?
« Reply #22 on: August 25, 2014, 01:38:33 pm »
case anything goes wrong.  We might as well give it a go... whats the worst that can happen?   


Can we get this as a sticky announcement in the Bank & Exchange forum in huge flashing lights? This is kind of a big deal!!  +5% +5% +5%

Offline boombastic

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Re: How do we publish the price feed?
« Reply #23 on: August 25, 2014, 01:40:01 pm »
I thought there will be at least one more release before the D-day in which version number will be displayed in the client so that users will clearly know where they are.


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Offline boombastic

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Re: How do we publish the price feed?
« Reply #24 on: August 25, 2014, 01:41:28 pm »
I am standing by waiting for the moment when the gate finally opens.  Thrilled


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Offline GaltReport

Re: How do we publish the price feed?
« Reply #25 on: August 25, 2014, 02:18:37 pm »
I'm not comfortable to publish the feed just yet.  Waiting for the latest fixes to be released.


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Ggozzo

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Re: How do we publish the price feed?
« Reply #26 on: August 25, 2014, 02:51:35 pm »
I just posted my feed!   8)


I counted 38 feeds published.  So, 13 more and trading begins?

Offline bytemaster

Re: How do we publish the price feed?
« Reply #27 on: August 25, 2014, 03:12:34 pm »
I just posted my feed!   8)


I counted 38 feeds published.  So, 13 more and trading begins?

13 more and shorts can start placing orders... (existing short orders are pre-fork).
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Offline Gentso1

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Re: How do we publish the price feed?
« Reply #28 on: August 25, 2014, 06:25:52 pm »
I was looking for more details than that. Do I just post an arbitrary number I come up with?

the point of a feed is to give the market a starting point from which people can buy/sell. You can use:
http://coinmarketcap.com/currencies/bitshares-x/#markets
as a guide. Someone has already posted a python script that checks and posts a new feed if the value changed by 5% since the last update.

as of this second, a valid feed could be
wallet_publish_price_feed <delegate_account>  0.035645 USD

Thanks,

Still confused about the validity of the feeds then. The price is extremely volatile right now and has moved near 100% in one day. A manually entered price feed could be obsolete within minutes of posting.

I found this from coinmarketcap.com :http://coinmarketcap-nexuist.rhcloud.com/api/btsx/price but I would have no idea how to implement it other than manually typing it into the console.

How would I implement the script? Is it something we can download and type in the console? Or does it have to be built in?

And is it made by I3 or Bitshares? In other words, is it safe?

I don't claim to understand all this stuff but the idea of a manually entered feed that is only updated once a day seems risky/scary. TBH why would we want to trust the delegates over say Forex with a script that checks and updates a feed ever 5 mins(the more the better to be honest). If we want to get the attention of large money I think the are going to want accurate pegging. When talking to others the term holographic peg seams to be a accurate description of what you describe. How can this be good?

Offline GaltReport

Re: How do we publish the price feed?
« Reply #29 on: August 25, 2014, 06:53:40 pm »
I was looking for more details than that. Do I just post an arbitrary number I come up with?

the point of a feed is to give the market a starting point from which people can buy/sell. You can use:
http://coinmarketcap.com/currencies/bitshares-x/#markets
as a guide. Someone has already posted a python script that checks and posts a new feed if the value changed by 5% since the last update.

as of this second, a valid feed could be
wallet_publish_price_feed <delegate_account>  0.035645 USD

Thanks,

Still confused about the validity of the feeds then. The price is extremely volatile right now and has moved near 100% in one day. A manually entered price feed could be obsolete within minutes of posting.

I found this from coinmarketcap.com :http://coinmarketcap-nexuist.rhcloud.com/api/btsx/price but I would have no idea how to implement it other than manually typing it into the console.

How would I implement the script? Is it something we can download and type in the console? Or does it have to be built in?

And is it made by I3 or Bitshares? In other words, is it safe?

I don't claim to understand all this stuff but the idea of a manually entered feed that is only updated once a day seems risky/scary. TBH why would we want to trust the delegates over say Forex with a script that checks and updates a feed ever 5 mins(the more the better to be honest). If we want to get the attention of large money I think the are going to want accurate pegging. When talking to others the term holographic peg seams to be a accurate description of what you describe. How can this be good?

I think the idea is that we just need to get started and OUR marketplace will take it from there. 
Initially people will probably have an exchange or 2 open at the same time while trading on our system to verify prices...but eventually that should not be needed. 

Who knows, our market/exchange may be the main price setter before long....:)
« Last Edit: August 25, 2014, 06:55:19 pm by GaltReport »