Author Topic: How do we publish the price feed?  (Read 6796 times)

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Offline betax

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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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Offline Gentso1

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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 GaltReport

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 »

Offline Gentso1

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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 bytemaster

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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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.

Ggozzo

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I just posted my feed!   8)


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

Offline GaltReport

I'm not comfortable to publish the feed just yet.  Waiting for the latest fixes to be released.


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...We might as well give it a go... whats the worst that can happen?   

I believe the correct answer is  Total protonic reversal

Offline boombastic

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I am standing by waiting for the moment when the gate finally opens.  Thrilled


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Offline boombastic

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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 Riverhead

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 bytemaster

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 GaltReport

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 boombastic

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I'm not comfortable to publish the feed just yet.  Waiting for the latest fixes to be released.


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Offline xeroc

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monday depends on the timezone :)