Whitepaper?
No whitepaper. We prefered a good help section, instead : http://hiddenwallet.org/pages/help/help/index.php
Topic: Decentralized margin trading (Read 458 times)
No whitepaper. We prefered a good help section, instead : http://hiddenwallet.org/pages/help/help/index.php
Whitepaper?
Sorry, bit BitShares has had this for 2 years!
BitUSD, BitGOLD, BitBTC, etc.
BitUSD, BitGOLD, BitBTC, etc.
1. They have 20-30 market pegged assets. Market pegged assets over Bitshares have nothing to do with the leveraged trading over MaskNetwork. We are talking about different things. Check market pegged assets section in MaskNetwork.
2. Because the price feed has to be implemented by over 50 delegates, the whole Bitshares system is inflexible. Implementing a new asset over Bitshares right now is really difficult. Over MaskNetwork a new currency market can be added in minutes if there is a data feed. Data feed providers have all the interest to offer as much assets as they can because they get a fee when a market uses them.
If a data feed is providing the outside weather temperature and someone starts a market then you can trade it.
Sorry, you will not see Monero, Ripple or any other smaller cryptocoin over Bitshares anytime soon. But it's trivial to start something like this http://maskwallet.com/pages/assets/margin_mkts/market.php?ID=8693914066 over Masknetwork.
Sorry, bit BitShares has had this for 2 years!
BitUSD, BitGOLD, BitBTC, etc.
BitUSD, BitGOLD, BitBTC, etc.
We have just launched the decentralized margin trading over MaskNetwork testnet. That means you can trade on margin any asset for which a data feed exist with no broker to hold your money or central server.
- Example of a data feed that injects into the network live prices for cryptocoins (http://coincenter.info/pages/assets/feeds/feed.php?symbol=CRYPTO).
- Example of a market where you can trade NXT on margin. The market is based on the CRYPTO data feed. http://coincenter.info/pages/assets/margin_mkts/market.php?ID=4173675322
- Example of a margin position (x100 leverage) on NXT http://coincenter.info/pages/assets/margin_mkts/story.php?posID=7345434357
How things work :
- Somebody is providing a data feed on anything (cryptocoins, stocks, commodities...)
- Somebody is creating a speculative market around a data feed and bring up some collateral. The collateral is used to pay traders winnings.
- Traders place leveraged bets on market (the market owner sets up the max leverage). What they loose is the market winning. What they win us the market looses.
- On the long term 75% of traders looss money so there is no way a margin market can loose on longer periods.
It's the decentralized version of old bucket shops (https://en.wikipedia.org/wiki/Bucket_shop_(stock_market) which by the way are illegal all over the world.
MaskNetwork is the fisrt decentralized social trading network that will go live in June. For more info https://bitcointalksearch.org/topic/annmskmasknetwork-the-decentralized-social-network-that-pay-users-to-post-1272309
- Example of a data feed that injects into the network live prices for cryptocoins (http://coincenter.info/pages/assets/feeds/feed.php?symbol=CRYPTO).
- Example of a market where you can trade NXT on margin. The market is based on the CRYPTO data feed. http://coincenter.info/pages/assets/margin_mkts/market.php?ID=4173675322
- Example of a margin position (x100 leverage) on NXT http://coincenter.info/pages/assets/margin_mkts/story.php?posID=7345434357
How things work :
- Somebody is providing a data feed on anything (cryptocoins, stocks, commodities...)
- Somebody is creating a speculative market around a data feed and bring up some collateral. The collateral is used to pay traders winnings.
- Traders place leveraged bets on market (the market owner sets up the max leverage). What they loose is the market winning. What they win us the market looses.
- On the long term 75% of traders looss money so there is no way a margin market can loose on longer periods.
It's the decentralized version of old bucket shops (https://en.wikipedia.org/wiki/Bucket_shop_(stock_market) which by the way are illegal all over the world.
MaskNetwork is the fisrt decentralized social trading network that will go live in June. For more info https://bitcointalksearch.org/topic/annmskmasknetwork-the-decentralized-social-network-that-pay-users-to-post-1272309
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