Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain
by
JohnDorien
on 22/10/2014, 07:51:52 UTC
Until sys matures I think we might have to use fiat (USD) to show listings and convert on the fly once you confirm to buy etc...

True, sys does need a bit of maturing to have something stable and efficient going. I'm not terribly worried about stability though as I will be able to keep my profit margins throughout the highs and the lows to keep a semi-consistent price in sys. Which is why i brought up the option I will always have to finalize my own listings if it starts to get to rediculous.


for this the wallet will need to have price feeds or you will have to run a tool to feed price to your wallet somehow... it centralizes the process so I dont like it but competitors use them too so I think its a good tradeoff until market matures.

This would have to be built in by the dev's, would it not?

Also, worth noting, I wasn't planning on builing any kind of specialty software for this, or any kind of website, I was simply planning on using the sys marketplace as is, and will definitely be utilizing any sites/UI's built on it in the near future.

This is what you are asking for: https://github.com/JohnDorien1/SysCoin-OfferPriceUpdate
You can define a USD value and set this script up as cron, it will update the SYS price accordingly.

Note it's not having any error handling yet, so if one of the 4 configured exchanges dies it may be faulty.
Consider the tool to be in beta stage!

As for the PGP Keys, I noticed on Linux commandline this is some trouble from time to time with the line breaks, but in the GUI wallet console it's handled correctly.