Author Topic: How do we publish the price feed?  (Read 2244 times)

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Offline Gentso1

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Re: How do we publish the price feed?
« Reply #30 on: August 25, 2014, 07:56:03 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....:)

If what you say is true then that's great I just hoe the goal is to implement a REAL feed that is constantly checking and updating the price off a proven global market(forex). I agree though that as we grow hopefully we can be the market setter's 

Offline betax

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Re: How do we publish the price feed?
« Reply #31 on: August 25, 2014, 08:29:10 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....:)

If what you say is true then that's great I just hoe the goal is to implement a REAL feed that is constantly checking and updating the price off a proven global market(forex). I agree though that as we grow hopefully we can be the market setter's

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