FLOT US-NBT Operations (sell side)

[zoro]

HitBTC still has no support

I though there was already nmei’s gateway there. And NU Lagoon is missing too?

[dysconnect]

https://discuss.nubits.com/t/reporting-single-sided-nbt-gateway-on-hitbtc/?source_topic_id=3118

nmei’s gateway won’t be operational for some time.

[jooize]

I support @masterOfDisaster’s idea and HitBTC operations.

Signed 2 of 3-of-(5−1)

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

[masterOfDisaster]

Nitpicking this is rather 3-of-4 than 3-of-5
…I won’t sign this tx!

[ttutdxh]

Signed 3 of 5. Verify

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

[masterOfDisaster]

Broadcast:

808d6095f47582c95e01d080360a5c81e080313dfced1b4fcfe81085ff8c0beb

I’ll start NuBot and move the funds to the trading account after they have arrived.

edit: mmhh… some minutes later and still not recognized by blockexplorer.nu (although it isn’t stuck)?
Did something go wrong (I broadcast the tx via a Nu wallet)?

[ttutdxh]

It is showing up here: https://blockexplorer.nu/transactions/808d6095f47582c95e01d080360a5c81e080313dfced1b4fcfe81085ff8c0beb

[masterOfDisaster]

Thank you!
Looks like I fat fingered the protocol when manually creating the link. The “s” was missing…

[masterOfDisaster]

I want to thank the FLOT members whose vote of confidence (@dysconnect, @jooize, @ttutdxh!) brought the sell side gateway at hitBTC into operation:

[Activated at 2016-03-023] sell side gateway at hitBTC by masterOfDisaster

###For the record: on 2016-03-23 the NuBot sell side gateway was activated: status of mOD sell side only NuBot at Bittrex, hitBTC, ccedk: nud getliquidityinfo B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 2 "BETwD8nSjtj9ADSvej2na34xmsMYwPRymv" : { "buy" : 0.01, "sell" : 1999.988 […] nud getliquiditydetails B | grep hitbtc:0.4.1_1458757219123_4f225b -A 2 "1:NBTBTC:hitbtc:0.4.1_1458757219123_4f225b" : { "buy" : 0.0, "sell" : 499.9…

This shall be another step into the future of Nu’s once more evolved liquidity provision scheme!
ALPv2 to support dual support operations will follow.
Stay tuned.

[masterOfDisaster]

[ANN] sell side gateway at Bter by masterOfDisaster

Activate masterOfDisaster’s sell-side gateway at Bter with 1,000 US-NBT Address: BHrAi497tWLm4mKDaTVWFWyUYAM8eDqNxU Amount: 1,000 US-NBT Signed 1 of 3-of-(5−1) 01000000350af75601676fb308abdc69578c27353abc4adf2808a1d988f482307d68ae1170d3d21e6001000000f80047304402203a82da49d0f397311bacfc518af3ef283267524c36f43c4174c146ada3253a560220642c9def601bc0b7d0d1aa92a505e7dbab5d28c180552e854a348dc679061561014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d…

[Nagalim]

Im hardforking the cny datafeed. If you deposit now it will be used to arbitrage against the cny buy side.

[mhps]

Im hardforking the cny datafeed.

Can you spell out how ?

[Nagalim]

Implementing a skew to literally just pull the price feed down by 1.5%. It may be brash and unelegant, however there is a very specific economic reasoning and justification for this decision:

[Passed]Sell side Nubot Gateway on Bter.com @huafei

Person A deposits btc, gets the 1% bonus, sells to CNY, withdraws at 0.5% loss. Total: +0.5%.

Person B deposits cny, no bonus, buys btc, withdraws at 1% loss. Total: -1%.

This makes the 1.5% discrepancy clear.

The skew will be done in utils.py and will include a new config parameter for the client. The coding has been done, I’m just hoping to maybe do a little extra bonus debugging in the same hardfork (technical debt and all that). Anyway, I’ll update the github later today and give a hardfork schedule (probably fairly short warning, but I’m trying to time it with my daily schedule).

[mhps]

What is the potential arbitrage channel due to the unsymetric offsets?
What is the potential arbitrage channel due to your skew? I don’t quite understand

If you deposit now it will be used to arbitrage against the cny buy side.

[Nagalim]

Check the price on Bter and the price on OkCoin. They’re off by 1.5% constantly. This is because of the fees Bter uses. When you deposit BTC and withdraw CNY, you win 0.5%; when you go the other way you lose 1%. That is the 1.5% difference. The same thing exists for NBT/CNY, except it’s more abstract because there’s no actual market to arbitrage that with other than the NBT/BTC and BTC/CNY charts.

[huafei]

my sell side Nubot at Bter.com is passed.and the nubot is setting up

[Passed]Sell side Nubot Gateway on Bter.com @huafei

The gateway can be used by any T4 party, FLOT or JL with any amount they see fit. BRUuKfGur7CZSLy65gYUPJUQyQZeT1XQnD 1NBT Motion RIPEMD160 hash:c8736970e5a824b07ad4c32eac60a50e37c093d8 =##=##=##=##=##=## Custodian Hash starts with this line ##=##=##=##=##=##= Bter.com NBT Entry Gateway Intro@huafei- below called "the operator" - will run a single sided NuBot on Bter.com The liquidity is being broadcast using a custodial address to allow tracking the liquidity situation of the bot. The …

please consider to balance the account to deposit address

BD6anJNUEvWuPEL7YWdid8dD3rar9C69Je

[Nagalim]

^
Please feel free to deposit to sell gateways on Bter. Remember that exchange risk is a big factor here, but a thousand or two on BTC sell side (with a 500 T1 order size, holding the rest in T2) would really hit the spot.

[mhps]

please consider to balance the account to deposit address

BD6anJNUEvWuPEL7YWdid8dD3rar9C69Je

Consider adding your entry in the OP.

Please feel free to deposit to sell gateways on

Select a mount and use the cointoolkit link in the OP to create a signable tx and paste it for FLOT members to sign.

Be careful to select a proper transaction fee and put the change, if there is any, to the original address.

[Nagalim]

Select a mount

What does this mean and can i do it with mobile? Cointoolkit confuses me, if you walk me through it maybe i’ll finally figure it out.

Edit: ohhh, amount. Ok, so the txn fee spot is greyed out and says like 150k. I want something more like 0.02

[masterOfDisaster]

You can select e.g. a horse as mount, or you understand it as “select amount”

Does that guide help?

Cointoolkit FLOT guide and changelog

This guide will cover FLOT verifying and signing workflow. Cointoolkit can be used for other ends, but should at least be used by shareholders to verify FLOT addresses, transactions and signatures. It have numerous advantages to working directly with the command line, like known key verification, multi signature signed counter, transaction verification, works in any device with a browser, no need to be on 24x7, etc. This guide is valid for NuBits, NuShares, Peercoin, Bitcoin, BlockShares and B…

To create a tx, the OP of the corresponding FLOT thread (in this case: FLOT US-NBT Operations (sell side)) has a lot of information, e.g. the redeem script including a link to Cointoolkit.

Creating a tx on Cointoolkit on mobile phone is…
…no fun.