koampapapa
Member
TL;DR (Version 0.1) A website for storing trade-by-trade data of Dash on its cryptocurrency exchanges. Funds will initially be used to offset hosting costs. By mid-June, DashTrader will be used to provide analytical data (think bitcoinwisdom.com) and news feeds based on stories that may influence Dash's price (but moreso analytics). I already have a product up and running for traders (so I'm 2 steps ahead of 90% of budget proposals), but I will take it offline if I can't procure funds to cover the hosting/download/upload costs of detailed trade data. 1300 Dash requested (one-time payment for past and future development).
DashTrader.info
Introduction
As Evan and other machine learning theorists know, some of the most effective classifiers must be trained on as much data as possible. Though many resources plot the movement of Dash and other cryptos, none of them are dedicated to Dash specifically, and there are little to no services that supply the exact amounts, times, and prices associated with each trade on each exchange. This type of high-granulation data is needed by crypto traders to train neural networks that react to market movements, however, it is also fairly expensive to host and is a rarity in the crypto community for this reason. Such data can be found for Bitcoin at api.bitcoincharts.com/v1/csv/, though to my knowledge no other crypto has this type of service due to its costs. Read: This would be a major plus for attracting algorithmic traders to trade Dash as opposed to other cryptos.
Trading?? Who cares about speculation?
Advertising proposals are common in Dash's monthly budget proposals. I am of the opinion that adoption of Dash will begin not with advertisements, but with traders. A meteoric price rise will do more for Dash's user adoption than any amount spent on advertising will. After the traders come the coders, entrepreneurs, and daily users. See Bitcoin, 2013.
Why would speculators buy Dash?
The real question is, why won't speculators buy Dash? Though Dash is #7 in overall market cap, it is not listed on any major exchanges, and is #14 in total trading volume. Part of this has to do with the masternode system (see below), but the rest of it falls on us. We really need to 1) Put Dash on a major exchange 2) Bait traders with highly-detailed data and analytical software. Beyond being just another Bitcoin-company-clone, DashTrader will (attempt to) offer sentiment analysis from community forums, as well as linking users' monthly profits with their OneName profile as a sort of "reputation system" for the financial world.
In July, Bitcoin is set to halve its block reward. The way I see it, either Bitcoin's price will double, or other cryptocurrencies will replace it. In the first case, I believe "rising tides raise all waters" and Dash will see an influx of trade volume (if it's on a major exchange). In the latter case in which Bitcoin fails, I think Dash has a shot at taking the throne of being the one, true, decentralized digital cash, even before Evolution is released. This is especially true given Ethereum's centralized approach and its desire to be a programmer's commodity.
Can speculation serve as advertisement?
Let me put it this way. As an algorithmic trader myself, I am confident that one price spike will draw more attention to Dash than any amount we spend on "marketing campaigns". What we need is high liquidity (i.e. many people and their bots buying and selling Dash).
What's interesting about Dash is that once true investors obtain Dash they don't sell it, because they can make a substantial return holding it as a masternode (especially if they expect Dash's price to rise). This is exactly the reason we were taken off of Bitfinex. However, it can also be the reason for a meteoric price explosion. The masternode system lays a pricewall at Dash's floor, so that the only volume it gets results in people buying it, and bots / day-traders selling it.
Since Dash has 1/3 as many coins as Bitcoin, it really won't take that much initial investment to spark a Dash price run. Want to know what is really going to get people's attention? Dash on the moon.
Do we really need a separate site for all of this?
Yes, the Dash ecosystem could use a dedicated analytics service. I also think it is a wise decision to separate price speculation from the overall Dash community. Not everyone wants to be bombarded with news over which way the price will go inside their community forum. Having an outlet to point traders to would be an overall benefit for the original Dash community.
Are you the one to make it?
dashtrader.info is currently logging data for 95% of Dash's current trade volume. You can easily poll the site to download trade data yourself. See dashtrader.info and compare it to api.bitcoincharts.com/v1/csv/
If you try downloading the files, be aware most of Dash's trade data is on poloniex with the DASHBTC pair. Downloading that file today and again tomorrow should prove to you that the website is updating automatically. Some pairs still have not received a trade since I started logging them and are empty files ("no file").
1300 Dash? That seems like not that much! Or maybe it seems like a lot! Also, isn't 13 unlucky?
As DashTrader evolves into an analytical software, I will likely put 100+ hours into developing this website over the next 2 months. Therefore, I find just under $6,000 worth of Dash (which could go up or down over those months) to be a reasonable request and in fact below minimum wage in my country. In return, I am asking that we do something useful with the remaining budget, such as pay an exchange to put Dash on its ticker before the bitcoin block halving in July. Specifically, we can message multiple exchanges simultaneously (BTC-E, Bitfinex, Kraken) and tell them that we are only willing to pay one of them and make a deal with whoever agrees first.
And no, 13 is my lucky number.
I do believe in Dash and that the Dash I earn through this proposal will pay itself off. I am also rushing to get this site done before the block reward halving in July so that we have something to bait traders with.
Please comment with concerns and opinions.
Thank you.
vote command:
dash-cli mnbudget vote-many 630ad70f8ef41abce7847ec84808f6914dc90af503e9d737a2cbf0e8227656e8 yes
I am also working on the: OpenBazaar Dash integration =) That's a separate thing
DashTrader.info
Introduction
As Evan and other machine learning theorists know, some of the most effective classifiers must be trained on as much data as possible. Though many resources plot the movement of Dash and other cryptos, none of them are dedicated to Dash specifically, and there are little to no services that supply the exact amounts, times, and prices associated with each trade on each exchange. This type of high-granulation data is needed by crypto traders to train neural networks that react to market movements, however, it is also fairly expensive to host and is a rarity in the crypto community for this reason. Such data can be found for Bitcoin at api.bitcoincharts.com/v1/csv/, though to my knowledge no other crypto has this type of service due to its costs. Read: This would be a major plus for attracting algorithmic traders to trade Dash as opposed to other cryptos.
Trading?? Who cares about speculation?
Advertising proposals are common in Dash's monthly budget proposals. I am of the opinion that adoption of Dash will begin not with advertisements, but with traders. A meteoric price rise will do more for Dash's user adoption than any amount spent on advertising will. After the traders come the coders, entrepreneurs, and daily users. See Bitcoin, 2013.
Why would speculators buy Dash?
The real question is, why won't speculators buy Dash? Though Dash is #7 in overall market cap, it is not listed on any major exchanges, and is #14 in total trading volume. Part of this has to do with the masternode system (see below), but the rest of it falls on us. We really need to 1) Put Dash on a major exchange 2) Bait traders with highly-detailed data and analytical software. Beyond being just another Bitcoin-company-clone, DashTrader will (attempt to) offer sentiment analysis from community forums, as well as linking users' monthly profits with their OneName profile as a sort of "reputation system" for the financial world.
In July, Bitcoin is set to halve its block reward. The way I see it, either Bitcoin's price will double, or other cryptocurrencies will replace it. In the first case, I believe "rising tides raise all waters" and Dash will see an influx of trade volume (if it's on a major exchange). In the latter case in which Bitcoin fails, I think Dash has a shot at taking the throne of being the one, true, decentralized digital cash, even before Evolution is released. This is especially true given Ethereum's centralized approach and its desire to be a programmer's commodity.
Can speculation serve as advertisement?
Let me put it this way. As an algorithmic trader myself, I am confident that one price spike will draw more attention to Dash than any amount we spend on "marketing campaigns". What we need is high liquidity (i.e. many people and their bots buying and selling Dash).
What's interesting about Dash is that once true investors obtain Dash they don't sell it, because they can make a substantial return holding it as a masternode (especially if they expect Dash's price to rise). This is exactly the reason we were taken off of Bitfinex. However, it can also be the reason for a meteoric price explosion. The masternode system lays a pricewall at Dash's floor, so that the only volume it gets results in people buying it, and bots / day-traders selling it.
Since Dash has 1/3 as many coins as Bitcoin, it really won't take that much initial investment to spark a Dash price run. Want to know what is really going to get people's attention? Dash on the moon.
Do we really need a separate site for all of this?
Yes, the Dash ecosystem could use a dedicated analytics service. I also think it is a wise decision to separate price speculation from the overall Dash community. Not everyone wants to be bombarded with news over which way the price will go inside their community forum. Having an outlet to point traders to would be an overall benefit for the original Dash community.
Are you the one to make it?
dashtrader.info is currently logging data for 95% of Dash's current trade volume. You can easily poll the site to download trade data yourself. See dashtrader.info and compare it to api.bitcoincharts.com/v1/csv/
If you try downloading the files, be aware most of Dash's trade data is on poloniex with the DASHBTC pair. Downloading that file today and again tomorrow should prove to you that the website is updating automatically. Some pairs still have not received a trade since I started logging them and are empty files ("no file").
1300 Dash? That seems like not that much! Or maybe it seems like a lot! Also, isn't 13 unlucky?
As DashTrader evolves into an analytical software, I will likely put 100+ hours into developing this website over the next 2 months. Therefore, I find just under $6,000 worth of Dash (which could go up or down over those months) to be a reasonable request and in fact below minimum wage in my country. In return, I am asking that we do something useful with the remaining budget, such as pay an exchange to put Dash on its ticker before the bitcoin block halving in July. Specifically, we can message multiple exchanges simultaneously (BTC-E, Bitfinex, Kraken) and tell them that we are only willing to pay one of them and make a deal with whoever agrees first.
And no, 13 is my lucky number.
I do believe in Dash and that the Dash I earn through this proposal will pay itself off. I am also rushing to get this site done before the block reward halving in July so that we have something to bait traders with.
Please comment with concerns and opinions.
Thank you.
vote command:
dash-cli mnbudget vote-many 630ad70f8ef41abce7847ec84808f6914dc90af503e9d737a2cbf0e8227656e8 yes
I am also working on the: OpenBazaar Dash integration =) That's a separate thing
Last edited by a moderator:
