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Topic: Predictious.com | The Premier Bitcoin Prediction Market | Trade & Win Bitcoins! - page 14. (Read 33340 times)

sr. member
Activity: 290
Merit: 250
Quote
Trading: The trading fee structure is as follow for all contracts with a starting date post January 25th 2014:
For shares bought or sold between m฿0 and m฿0.25: ฿0.00001 per share
For shares bought or sold between m฿0.25 and m฿1: ฿0.00005 per share
For shares bought or sold between m฿1 and m฿9: ฿0.0001 per share
For shares  bought or sold between m฿9 and m฿9.75: ฿0.00005 per share
For shares  bought or sold between m฿9.75 and m฿10: ฿0.00001 per share

You list the nominal amount in millibits, but the fee in bitcoins. Why would you do that? Not only does it make it harder to see what's going on, but it sure does make the fee look small...

Sorry for the confusion, we've now updated everything to millibitcoins: https://predictious.desk.com/customer/portal/articles/1222008

hero member
Activity: 609
Merit: 506
Quote
Trading: The trading fee structure is as follow for all contracts with a starting date post January 25th 2014:
For shares bought or sold between m฿0 and m฿0.25: ฿0.00001 per share
For shares bought or sold between m฿0.25 and m฿1: ฿0.00005 per share
For shares bought or sold between m฿1 and m฿9: ฿0.0001 per share
For shares  bought or sold between m฿9 and m฿9.75: ฿0.00005 per share
For shares  bought or sold between m฿9.75 and m฿10: ฿0.00001 per share

You list the nominal amount in millibits, but the fee in bitcoins. Why would you do that? Not only does it make it harder to see what's going on, but it sure does make the fee look small...
full member
Activity: 126
Merit: 100
is the volume picking up at all here?
sr. member
Activity: 290
Merit: 250
For things like the value of bitcoin which exchange(s) do you use to determine the value of bitcoin? Since different exchange have varying prices.

We usually take Bitstamp (USD) taking the price from http://bitcoincharts.com/charts/bitstampUSD. In each contract, we make sure to add all the details about the exchange which will be used at resolution.
sr. member
Activity: 364
Merit: 250
sr. member
Activity: 290
Merit: 250
Thanks a lot for the suggestions, those are really helpful.
 
1) We are considering a slight change in the fee structure to make it more interesting for extremely low or high probabilities (along the lines of what you are suggesting).
2) Margin linking isn't a trivial change to implement, but this is very interesting nonetheless and would help increasing liquidity. We will keep this as a feature request, thanks for the feedback!
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