Im exploring a bit on Barterdex. Im trying to do my first swap but I get this error "can't find alice utxo that is close enough in size". Im sorry if this has been adressed before but I could use any help I could get.
I changed the error message to:
"cant find a deposit that is close enough in size. make another deposit that is just a bit larger than what you want to trade"
one difference with barterDEX is you are exchanging specific deposits (utxo) and at first if you make only one, you dont have enough as the atomic swap protocol requires 2. Once you do your first swaps, the change automatically creates more outputs (utxo) so it is less and less a problem.
Another issue is that currently we dont have that many marketmakers, so it is harder to find an ordermatch. New release will improve this situation as I just created a way for end users to be marketmakers with a single simple api command:
example scripts: auto_chipskmd/auto_chipsbtc
curl --url "
http://127.0.0.1:7783" --data "{\"userpass\":\"$userpass\",\"method\":\"autoprice\",\"base\":\"CHIPS\",\"rel\":\"KMD\",\"margin\":0.01,\"refbase\":\"chips\",\"refrel\":\"coinmarketcap\"}"
curl --url "
http://127.0.0.1:7783" --data "{\"userpass\":\"$userpass\",\"method\":\"autoprice\",\"base\":\"CHIPS\",\"rel\":\"BTC\",\"margin\":0.01,\"refbase\":\"chips\",\"refrel\":\"coinmarketcap\"}"
this allows you to be a marketmaker with a single simple command where you specify the profit margin relative to CMC price. dont worry, the GUI will make a simple form where you can specify the COIN, KMD or BTC and the margin. Click and you are a marketmaker! No need for a LP (Liquidity Provider) node, even normal non-relaying nodes can be a marketmaker in barterDEX, and even if you are using electrum. It can even be configured to do 0conf swaps. It really is hard to describe all the advances that are rolled into a single seamless solution.
just set the margin big enough to deal with market price fluctuations
auto_chipskmd prices in KMD, auto_chipsbtc prices in BTC, automatically in the orderbooks as long as your node is running.
i think it must be the absolute easiest way ever to setup a marketmaking. also being the bob (maker) side there is no dexfee
especially for marketmaking, the LM (Liquidity Multiplier) feature is quite useful as you can have a lot more active orders at the same time. when marketmaking it is a waiting game, so setup the autoprice and be patient
you can also make manual orders while market making
Ah okay got it now. Made small transactions 3-4 times for it to work. Will deposit more now.
I have two more questions in general if you have time to answer. If Barterdex takes off are you going to be able to handle all the traffic that exchanges handle today? Also regarding ICO's, can companies that want to launch an ICO get in trouble if they use Komodo considering it is decentralized and not "regulated". Talking about the future where new regulations might come?