Quote from: brekyrself on December 01, 2014, 10:07:26 PM

Quote from: Zer0Sum on December 01, 2014, 09:38:41 PM

Quote from: brekyrself on November 30, 2014, 08:35:30 PM

To answer your question on stopping the asset market, there are training wheels in place that will bring the market to a halt. Deviation of price feeds, minimum liquidity, minimum price feeds, etc... which in the very beginning were easy to bump into as there were very few users.

NO, the asset algo won't work because it's economic nonsense...
They are realizing that it's NOT WORKING, but blaming collateral issues like liquidity, etc.
As in "if only enough people trade it will magically become a peg". No. No. No.

A USD "peg" or "future" is viable *** ONLY *** if it is "convertible" or can be "settled" with USD...
It cannot be conjured or willed or finagled or "forced to parity" in the complete absence of USD.

So according to this post... BTS is, in fact, worthless.

Posting a 3 month old quote is not exactly showing BTS is not working. Please explain your points such as claiming the algo as economic nonsense.

Why? The quote said they need training wheels. And now three months later they still need them according to you. So it's very much applicable.

You also wrote justifications for the power of the devs to unilaterally change how the market works. Which illustrates my point... to give an analogy: We don't accept dictators because they can do more effective work - we reject them on moral grounds.

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Feed statistics can be found here: https://bitsharestalk.org/index.php?topic=11523.0

That's the thing though - I'm originally not against BTS. I invest in what works. But whenever I read more about it, it seems worse instead of better. Just the first post in that thread shows that they have no clue what they're doing. There is no way you could calculate a meaningful risk profile that way.

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I also want to add that Rome was not built in a day and direct on/off ramps are being worked on for bit assets.

Point taken... they do work on the peg at least since one and a half year though.
And it's work on something economists consider impossible.