Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 168. (Read 542140 times)

Well I guess finding the term is tough enough. I'm not entirely sure who we are targeting I was just thinking about seo. Maybe something with freezing or forcing or moving. What words are synonymous with economic pegs?

So the closest term in economics is crawling peg?! Cool term but not explicit for newcomers who won't be able to visualize it

Astute observation! Well, first of all the miners enforce it so if exchanges don't pay attention they can become insolvent. With that said most exchanges are corrupt. So there is a few pages of my whitepaper listing multiple strategies for dealing with them. Ideally they run the API and query balance of frozen and liquid with it. The more data they supply about trades the less of a melting pot it becomes.

A user would have two balances frozen and liquid. We can then handle somewhat inaccurate API calls that mix liquidity or super accurate ones that check the trades. The worst case scenario we allow full withdraw with the one month time lock to move the partially frozen chunks but that is only if we get desperate because then like you said people with their money on the exchange early have the unfair edge. You might tempt them with arbitrage elsewhere but really we want co-operative exchanges. There are a few that will work with us I think. We may end up turning a small exchange into a big one.

The other way is rely on decentralized exchanges which literally move the funds like (hopefully) Blocknet or Komodo assuming either of them get popular.

Do you guys think it s worth to add Bay Coinhills? looks like a good site
https://www.coinhills.com

Coinage doesn't work because it allows people to gain by being disconnected. That was one of the major things removed from the original POS.

We need tiered pos returns based  upon amount held and duration held  else it will be a continual battle against the churners.

People should be rewarded for accumulating and holding firm.

Wouldn't exchanges have to cooperate to a high degree here? The coins in each user's accounts usually just correlate to a percentage of some total supply owned by the exchange. If I transfer 100 coins to an exchange right before a 50% freeze, I'll still be able to trade all 100 of my coins, even though the exchange's wallets will have the funds tied up. The problem will be when I try to withdraw, or rather, when more than 50% of their stored funds are withdrawn. It would benefit those who withdrew earlier, and it seems possible that this could avalanche into a bank-run type scenario. In order to avoid this issue, all exchanges would have to artificially implement the coin's logic within their trade mechanics. Thoughts?

Liquidity-Voting
Vote-Pricing
Dyno-Priced
Smart-Pricing
Stake-Pricing
Smart-Staking


Who are you saying, is the target market?

Top 100 is the untouched over last 24 hours.

Most active sellers to date:                                 Current Amount    Previous amount

BLE1M3UDEzJxbkHHA5pZLPkT7zXq2xdpqm                211,649                516,765
BCK5KHcDTpgZULrzKyY4ygxYEuFBHRqwJE                 340,332               371,216
BHokzCwQ1RPUavAPFEHNsgZoxo6pgPsxDX                241,594               261,317
B6HtsEuEQfzJTsf751xFj11DpuFjzQfgiS                        159,263              218,850

Totals                                                                    952,838           1,368,148

Happy trading (edited)

Well switch to the markets wallet anyways! It's better to be honest. And smaller download.

Yeah or maybe liquid peg? Moving peg is actually more direct than "rolling peg". Pegging is a word I want to avoid. Despite being an economic term (which is not used so often) now has a bizarre sexual term that seems to dominate google. So from an SEO perspective it would be nice to target a niche keyword that also fits within our target market but also explicitly describes what the currency is doing.

Thanks ! Will google that.

Yes the peg itself can and will move. We expect exchange rates to move continously, only with a lot less volatility than without peg. This peg has a lot in common with what is commonly known as a crawling peg in fiat.

You are hung up in an irrelevant figure.
The price of single coins is completely irrelevant. What matters is marketcap!
When you buy into a coin you buy a certain percentage of the total supply. And you win or lose the same percentage that the marketcap moves.
And I think most in here would agree that Bay marketcap is still very low when you see what we have to offer compared to other coins with higher marketcap.

yes, i am trying to download the qt wallet. i stopped the download.

It is about 5:1 for less than 150m supply for more than 150m supply, that is why you can see more low supply coins on top of CMC ranking but also on the bottom:



And if we consider Top 30 CMC there is 10 coins with supply more than 150m so it is 3:1 for less supply. So kooks like high supply coins are more popular than low supply but it's not true neither because it doesn't really matter.

Actually, this is incorrect. Market prefers high coin supply.

Of the 178 coins with a sub 5-million supply, only 3 are in the top 30 marketcap

No matter what but the fact is that market perceive low supply coins as a good buy and prefer them.
Almost all coins trading above 10k has maximum supply not more than 150 millions.

Ah !

I get it now. So "rolling" in this context means that the peg itself can move ? So it's basically like a regularly freely-traded asset except that the exchange rate moves discretely instead of continuously ?

Does 'voter-peg' fit? Or maybe 'velocity-peg'.

The point you are missing is the liquid amount changes HOURLY or DAILY. So the idea that there is some "fixed" liquidity emulating a large marketcap is totally not true. The liquid coins can certainly inflate and they would to punish any vicious pumpers who try to take advantage of ultra-cheap pumps. The idea is to force harmony between volume (demand) and price (supply).

The frozen assets are quickly available once the volume increases. So only a low volume coin (might) have a lower effective marketcap. And you would definitely want it that way because you don't want supply to so far beyond demand of the target price!

This is the entire problem with Crypto!! They don't have any way to truly EMULATE larger markets. Forcing stability and consumer confidence.

Also, this is a massive benefit over hard pegs that rely on "trading tricks" and insanely unstable voluntary incentives (like parking) not to say we can't offer "bonds" like parking but this is truly the only decentralized free and fair way to do it.

There can certainly be two asset classes within the same "asset" as you call it because of the way I'm going to have miners analyse the coins being spent. They can force the division of the two by looking at prospective outputs and force you to make change on the ones not leaving your account. Although I've put together a very technical 20 page whitepaper, not yet published so its a lot more complex than I'm letting on.

Thus there are two styles of assets on the same chain. The frozen coins and the liquid ones. The frozen coins can thaw and become liquid quite fast if the volume rises and the price rises based on the communities collective wishes. And they would certainly want to freeze some of the supply if price goes too low and that my friend should increase volume!! Why? Because a person buying liquid coins knows a certain amount will be more valuable by watching the voting rate. If hes long on BitBay he will want this.

Also, once it reaches a stable target price volume again will increase because people know when Bitcoin goes down, they have a stable hedge far superior than the broken Tether!! Yes Tether went below a dollar proving yet again 3rd parties cannot be trusted. So it would be wise for an investor to quickly cash out BTC for BitBay because they can wait in BitBay as they watch BTC decline. And even potentially watch Bays value rise because the peg is "rolling" or "moving" and not fixed.

This dynamic system is exactly the same as how governments do it with the caveat that its decentralized and all users are in control (or an algorithm can handle it too). In my opinion its what Bitcoin should have been. Regardless we shall see soon enough! Fun times ahead.

"Rolling peg" is what I used to describe it. But also "moving peg", "user value protection", "freezing/unfreezing", "inflation/deflation" were some of the names tossed around. Let me know if you can think of other names for this as it's never been done before.