You are viewing a single comment's thread from:
RE: Brainstorming new BOINC projects - Anyone can create a project & reward their users with Gridcoin!
Bitshares liquidity project
Problem: Bitshares MPA/UIA have low liquidity.
Solution: Distributing market making software (liquidity bot) to volunteers via BOINC.
Difficulties: Distributing market-making/liquidity software to volunteers without providing the volunteers the ability to steal funds from the work units.
Incentives: https://bitsharestalk.org/index.php/topic,21544.0.html It's possible that this could be a commercial BOINC project in which the Bitshares community pays for MPA liquidity via this project.
Software:
- https://steemit.com/bitshares/@linouxis9/liqbot-0 (Created by Bitshares Munich, already a docker container, has wallet password visible to volunteer..).
- https://github.com/xeroc/stakemachine (Created by Xeroc)
- http://python-graphenelib.readthedocs.io/en/develop/exchange.html (DIY)
Notes:
Posted this idea to the bitsharestalk liquidity thread: https://bitsharestalk.org/index.php/topic,21544.msg297685.html#msg297685
"Distributing market-making/liquidity software to volunteers without providing the volunteers the ability to steal funds from the work units."
We will definitely need the help (hardfork) of the Blockchain and a Smart Contract to accomplish that without any centralized server in a secure manner.
Perhaps, or we could send very small quantities of < backing asset > to the liquidity software work unit, and ban users that do steal the funds.
We could make it an invite based system or mimic Dash's masternode idea and have users lock funds away in order to run the software, so if they were to try to steal funds from the work units they would lose their deposit?
But yeah, it's not a simple thing to solve but if someone can figure it out we could distribute this to thousands of volunteers from around the world.
This topic was discussed further here: https://steemit.com/bitshares/@linouxis9/liqbot-0#@cm-steem/re-linouxis9-liqbot-0-20160812t162033692z