Author Topic: How well have bitassets been tracking real assets to date?  (Read 5047 times)

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Offline xeroc

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That's awesome.  How long have they been going now?  How is BitGold doing?
bitUSD was first .. and is up for some few weeks now
bitCNY was second as is up for 2 or 3 weeks AFAIK
bitBTC is relatively new with just over 2 weeks
and bitGLD will probably soon launch. checkout http://www.bitsharesblocks.com/assets
Quote
Also, how frequently is collateral assessed/collected.  It is done every block (every 15 seconds)?  If so, it would seem that the price swing would have to be extremely severe to wipe out the collateral before the position is covered and closed.  That would increase my confidence that this will keep working in the long run...
market is executed every block .. (10 seconds, btw) .. not sure if there is a 1 block delay though ..

Is the market not executed after 51 delegate signatures, but rather 101 signatures?

If 51 delegates is all that is required, wouldn't market executions occur every 5 seconds?


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[/quote]

blocks are generated/signed every 10 seconds .. that is the raster in which operations on the blockchain can operate .. the market operations only require 1 block/signature.

the AVERAGE block time is 5 secs .. that means that you (on average) only need to wait 5 secs until your transaction is in the blockchain ..

Offline nedscott

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That's awesome.  How long have they been going now?  How is BitGold doing?
bitUSD was first .. and is up for some few weeks now
bitCNY was second as is up for 2 or 3 weeks AFAIK
bitBTC is relatively new with just over 2 weeks
and bitGLD will probably soon launch. checkout http://www.bitsharesblocks.com/assets
Quote
Also, how frequently is collateral assessed/collected.  It is done every block (every 15 seconds)?  If so, it would seem that the price swing would have to be extremely severe to wipe out the collateral before the position is covered and closed.  That would increase my confidence that this will keep working in the long run...
market is executed every block .. (10 seconds, btw) .. not sure if there is a 1 block delay though ..
[/quote]

Is the market not executed after 51 delegate signatures, but rather 101 signatures?

If 51 delegates is all that is required, wouldn't market executions occur every 5 seconds?


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Offline svk

How well have bitassets been tracking real assets to date?  I'm not looking for theory but actual performance.  Are BitUSD, BitBTC, etc., accurately price today?

http://bitsharesblocks.com/assets/asset?id=USD

Scroll down to the price history graph, it's got the asset exchange price history as well as the "real price", i.e. the Coinmarketcap weighted average price. I've only got this data for bitUSD, bitBTC and bitCNY, but they're the only open markets atm anyway.
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Offline xeroc

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That's awesome.  How long have they been going now?  How is BitGold doing?
bitUSD was first .. and is up for some few weeks now
bitCNY was second as is up for 2 or 3 weeks AFAIK
bitBTC is relatively new with just over 2 weeks
and bitGLD will probably soon launch. checkout http://www.bitsharesblocks.com/assets
[/quote]
Quote
Also, how frequently is collateral assessed/collected.  It is done every block (every 15 seconds)?  If so, it would seem that the price swing would have to be extremely severe to wipe out the collateral before the position is covered and closed.  That would increase my confidence that this will keep working in the long run...
market is executed every block .. (10 seconds, btw) .. not sure if there is a 1 block delay though ..

Offline fussyhands

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That's awesome.  How long have they been going now?  How is BitGold doing?

Also, how frequently is collateral assessed/collected.  It is done every block (every 15 seconds)?  If so, it would seem that the price swing would have to be extremely severe to wipe out the collateral before the position is covered and closed.  That would increase my confidence that this will keep working in the long run...

Offline bytemaster

This is a first start:
https://bter.com/trade/BITUSD_USD


IMHO the peg is holding very well. Some stats and nice pages with an overview are still missing though ..

The fact that the peg is holding without bots to speak of or massive intervention by selfless actors in a low volatility market is a good sign. 

The pegs works well enough that you can use BitUSD to hedge against BTSX falling and make money when BTSX does fall.   

The peg is working despite:
1) buggy client, buggy market, low volume, etc....

Once all of these issues work themselves out it can only improve from here.
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 xeroc

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This is a first start:
https://bter.com/trade/BITUSD_USD


IMHO the peg is holding very well. Some stats and nice pages with an overview are still missing though ..

Offline fussyhands

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How well have bitassets been tracking real assets to date?  I'm not looking for theory but actual performance.  Are BitUSD, BitBTC, etc., accurately price today?