Author Topic: Price Feed Difference  (Read 2394 times)

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Offline cryptillionaire

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Re: Price Feed Difference
« Reply #15 on: September 26, 2014, 09:06:32 am »
http://www.xe.com/datafeed/ Has anyone considered using a professional source of currency data?
It actually looks quite expensive:
Quote
Daily: US $540 / year
Hourly: US $2,160 / year
Quarter Hour: US $4,320 / year
Minute: US $6,480 / year

Any alternatives? I could see the quarter hour being justified once delegates are earning above that, but for now it's a massive expense..

Only if BitsharesX blockchain was legal entity able to purchase the above-mentioned feed....
It could pay for the bills from the fees.
Well.. delegates could individually purchase said feeds.. perhaps all of the delegates could create a corporation (perhaps establishing itself as a single entity) and get a single license for an expensive price feed and allow everyone to use it?

I am here, on this forum that is, for several proposes (self appointed, btw).... One of them is to post the below regarding your bolded text:

...
Woah! Very hostile man, check yourself before you wreck yourself.
So to what degree do you massively disagree with delegate relations? Are we allowed to talk to each other, are we allowed to use the same professional/paid for fiat price feeds, are we not allowed to establish a foundation?
« Last Edit: September 26, 2014, 10:11:06 am by testz »

Offline xeroc

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Re: Price Feed Difference
« Reply #16 on: September 26, 2014, 09:10:16 am »
So to what degree do you massively disagree with delegate relations?
Are we allowed to talk to each other, are we allowed to use the same professional/paid for fiat price feeds, are we not allowed to establish a foundation?
What sense does it make to have an median price feed on the exchange if delegates use the same external source?

what if mining pool operators in bitcoin would collude?

It's not forbidden to talk to each other .. but once you start ... things up and trick the network, the stakeholders will find out and propose a downvote ... that will work much more efficiently than a ghash poll on reddit ..
« Last Edit: September 26, 2014, 10:12:11 am by testz »
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Offline cryptillionaire

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Re: Price Feed Difference
« Reply #17 on: September 26, 2014, 09:34:59 am »
So to what degree do you massively disagree with delegate relations?
Are we allowed to talk to each other, are we allowed to use the same professional/paid for fiat price feeds, are we not allowed to establish a foundation?
What sense does it make to have an median price feed on the exchange if delegates use the same external source?

what if mining pool operators in bitcoin would collude?

It's not forbidden to talk to each other .. but once you start ... things up and trick the network, the stakeholders will find out and propose a downvote ... that will work much more efficiently than a ghash poll on reddit ..
Are we not moving towards a similar scenario with there only being two(?) python scripts for delegates to publish feeds with? Of which many delegates just use the default feeds, putting power into the hands of the exchanges to manipulate our market.
« Last Edit: September 26, 2014, 10:12:30 am by testz »

Offline xeroc

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Re: Price Feed Difference
« Reply #18 on: September 26, 2014, 09:44:07 am »
we don't want the exchange to be able to manipulate our markets.. thus:
each delegate should:
 - poll a different set of exchanges
 - run the script at slightly different times
 - have a individual script/set of rules!

this is also something that can be used to market a delegate ..
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Offline liondani

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Re: Price Feed Difference
« Reply #19 on: September 26, 2014, 11:01:28 am »
1.It's very important to have more big exchanges that trade BTSX

2.What about if the 101 first standby delegates are allowed to publish feeds too, and of course will get paid for their service ;)
   After all bytemaster is considering seriously to pay stand by delegates because they are "working" too... Have ready online servers in case they get active,update the client version like all of us, and perhaps now publish also   feeds...After all if they get paid they have the motive to contribute  and be prepared in case they get active.

So what I am saying is to give to standby delegates some responsibilities (like publishing feeds) and pay them  for their work, of course !
It would be also easier to identify serious stand by delegates and vote them up to the active delegates ...   ;)


PS It will be more accurate to have price feeds from 202 potential delegates instead of 101...
« Last Edit: September 26, 2014, 11:03:53 am by liondani »

Offline xeroc

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Re: Price Feed Difference
« Reply #20 on: September 26, 2014, 11:05:19 am »
It would be also easier to identify serious stand by delegates and vote them up to the active delegates ...   ;)
+5% .. there are currently a lot of lazy (ie, unserious) delegates in the top101 that do not publish feeds at all :(

Quote
PS It will be more accurate to have price feeds from 202 potential delegates instead of 101...
not necessarily .. it just leads to more variance (higher deviation)
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Offline tonyk

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Re: Price Feed Difference
« Reply #21 on: September 26, 2014, 12:20:00 pm »
http://www.xe.com/datafeed/ Has anyone considered using a professional source of currency data?
It actually looks quite expensive:
Quote
Daily: US $540 / year
Hourly: US $2,160 / year
Quarter Hour: US $4,320 / year
Minute: US $6,480 / year

Any alternatives? I could see the quarter hour being justified once delegates are earning above that, but for now it's a massive expense..

Only if BitsharesX blockchain was legal entity able to purchase the above-mentioned feed....
It could pay for the bills from the fees.
Well.. delegates could individually purchase said feeds.. perhaps all of the delegates could create a corporation (perhaps establishing itself as a single entity) and get a single license for an expensive price feed and allow everyone to use it?

I am here, on this forum that is, for several proposes (self appointed, btw).... One of them is to post the below regarding your bolded text:

...
Woah! Very hostile man, check yourself before you wreck yourself.
So to what degree do you massively disagree with delegate relations? Are we allowed to talk to each other, are we allowed to use the same professional/paid for fiat price feeds, are we not allowed to establish a foundation?

The current situation with only 2 feed scripts is far from ideal...suggestions to make this undesirable situation permanent, with all of them paying /receiving the same feed, is nothing short of outrageous....
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline emski

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Re: Price Feed Difference
« Reply #22 on: September 26, 2014, 12:26:23 pm »
The current situation with only 2 feed scripts is far from ideal...suggestions to make this undesirable situation permanent, with all of them paying /receiving the same feed, is nothing short of outrageous....

No but it could be possible to buy multiple feeds. However this is significant legal trouble...

Offline cryptillionaire

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Re: Price Feed Difference
« Reply #23 on: September 26, 2014, 12:33:00 pm »
The current situation with only 2 feed scripts is far from ideal...suggestions to make this undesirable situation permanent, with all of them paying /receiving the same feed, is nothing short of outrageous....

No but it could be possible to buy multiple feeds. However this is significant legal trouble...
Yeah, I even posted two options we could use. IMO, I'd think that these paid for services would be more reliable than say yahoo's finance tickers, because there's already thousands of forex traders using these services. Do what you want man, i'll be doing this when delegate income can cover the expenses.

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Re: Price Feed Difference
« Reply #24 on: September 26, 2014, 12:40:25 pm »
If I see this correctly, the biggest difference is latency!?! is it?

As I see it, feeds will be useless (can be deactivated) once the volume is high enough to exploit the delay .. or am i mistaken?
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Offline emski

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Re: Price Feed Difference
« Reply #25 on: September 26, 2014, 12:41:00 pm »
The current situation with only 2 feed scripts is far from ideal...suggestions to make this undesirable situation permanent, with all of them paying /receiving the same feed, is nothing short of outrageous....

No but it could be possible to buy multiple feeds. However this is significant legal trouble...
Yeah, I even posted two options we could use. IMO, I'd think that these paid for services would be more reliable than say yahoo's finance tickers, because there's already thousands of forex traders using these services. Do what you want man, i'll be doing this when delegate income can cover the expenses.

You should carefully read the license because you are essentially redistributing the feed. I'm not sure if that is permitted.

Offline emski

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Re: Price Feed Difference
« Reply #26 on: September 26, 2014, 12:42:00 pm »
If I see this correctly, the biggest difference is latency!?! is it?

As I see it, feeds will be useless (can be deactivated) once the volume is high enough to exploit the delay .. or am i mistaken?

Currently feeds hold the peg by preventing shorting at lower prices. I doubt they will be removed unless significant confidence in the peg is accumulated.

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Re: Price Feed Difference
« Reply #27 on: September 26, 2014, 12:44:24 pm »
.... unless significant confidence in the peg is accumulated.
That's what I am hoping for :) (plus some few millions in liquidity at the peg (or very close to it)
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Offline tonyk

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Re: Price Feed Difference
« Reply #28 on: September 26, 2014, 12:49:44 pm »
The current situation with only 2 feed scripts is far from ideal...suggestions to make this undesirable situation permanent, with all of them paying /receiving the same feed, is nothing short of outrageous....

No but it could be possible to buy multiple feeds. However this is significant legal trouble...
Yeah, I even posted two options we could use. IMO, I'd think that these paid for services would be more reliable than say yahoo's finance tickers, because there's already thousands of forex traders using these services. Do what you want man, i'll be doing this when delegate income can cover the expenses.

Do as you wish... just do not suggest something like this:


perhaps all of the delegates could create a corporation (perhaps establishing itself as a single entity) and get a single license for an expensive price feed and allow everyone to use it?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline emski

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Re: Price Feed Difference
« Reply #29 on: September 26, 2014, 12:58:17 pm »
Do as you wish... just do not suggest something like this:
perhaps all of the delegates could create a corporation (perhaps establishing itself as a single entity) and get a single license for an expensive price feed and allow everyone to use it?

No issues in suggesting stuff as long as it is discussed and evaluated (and possibly rejected with hatred...). I'm curious how will you establish a legal entity where everyone could be voted out at an instant and new possibly anonymous entities could be included.