We're 3/4 through Hertz's first cycle!

On wednesday 21st March 2018 (yesterday), the price feed for Hz was at $0.86 which is the first trough in production!

In the coming fortnight (2 weeks), the price feed will appreciate from $0.86 to $1.14, following the predictable sine wave oscillation:

Hertz updates

• Working on updating the Hertz whitepaper before paid crowdsourcing of translations.
• I've migrated from using systemD timers to using apscheduler within my hertz price feed script. With this change, I have reduced the time between published feeds to 6 seconds. To reduce this further I'll need to run my own local Bitshares API node.
• Thom has been working on his own implementation of the Hertz python price feed script. This greatly benefits the Hertz ABA by simplifying the implementation and helping troubleshoot advanced python-bitshares functionality. Go vote for his verbaltech Bitshares witness!
• The Hertz whitepaper has been translated to Russian!

Hertz charts

@sc-steemit (BTS Witness: SC-OL) created an excellent real-time charting service for hertz, see:

Observations

• The Hertz feed price (Hertz:USD) & Reference price (Produced by hertz algorithm) are lining up nicely, slight deviations are noticable though - the price feeds are being worked on my multiple developers now, they will continue to improve. These slight deviations could be caused by the volatility of BTS itself though.
• Current market rates are all above the feed price.
• Low supply - need more market participants to short Hertz!

---

Observations

• The reference and feed price are lining up perfectly, to the point that it's difficult to see the reference line.
• Market sell & latest are above feed price, with a large buy order now pulling the market buy down towards the feed price.
• Low supply - need more market participants to short Hertz!

---

Observations

• It's interesting to see the impact of the sine wave oscillation between the Hz and USD feed price.
• Both USD & Hertz have been trading above their feed price, we need more shorters!

Want to know more?

• Read the Hz whitepaper
• Check the Open-Explorer pages: BTS:Hertz market, Hertz:BTS market, Hertz Asset page
• Join the Telegram channel!

Best regards,
@cm-steem