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Monetary sistem - Exchange Booth bug??
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Author Topic: Monetary sistem - Exchange Booth bug??  (Read 3566 times)

Nxter

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Monetary sistem - Exchange Booth bug??
« on: June 14, 2015, 08:45:28 pm »

I am trying to put up an offer to buy XORA in the exchange booth but it seems to be something wrong there.

First of all, in rate (XORA / NXT) fractions are not allowed!!?? this means that the minimum price I can offer to buy XORA is 1 NXT/XORA.. well I think XORA will have a successful future but this is a bit expensive at the moment...  :)

Secondly, if I want to offer to buy one XORA at the rate 12 XORA/NXT the booth says: "Exchange Description Exchange 12 NXT for 1 XORA units at a rate of 12" which seems incorrect following the data introduced in the form. shouldn't it  be Exchange 1 NXT for 12 XORA?
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Sebastien256

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Re: Monetary sistem - Exchange Booth bug??
« Reply #1 on: June 14, 2015, 09:09:15 pm »

What? No one test on testnet  :D. Currency was issue with 8 decimals so, it can't have decimal as counter intuitive it is....
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Nxter

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Re: Monetary sistem - Exchange Booth bug??
« Reply #2 on: June 14, 2015, 09:38:22 pm »

What?  So this means that the minimum price for XORA is 1NXT???
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Sebastien256

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Re: Monetary sistem - Exchange Booth bug??
« Reply #3 on: June 14, 2015, 09:39:43 pm »

What?  So this means that the minimum price for XORA is 1NXT???

I believe so.  :-\
It will need to be reissue or make a new one with less decimal.
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Nxter

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Re: Monetary sistem - Exchange Booth bug??
« Reply #4 on: June 14, 2015, 09:43:32 pm »

It has been already distributed to 127 stakeholders. Now claiming back all the coins for reissuing is going to be almost impossible.
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Sebastien256

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Re: Monetary sistem - Exchange Booth bug??
« Reply #5 on: June 14, 2015, 09:44:03 pm »

It has been already distributed to 127 stakeholders. Now claiming back all the coins is going to be almost impossible. :(

I know!  :(
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Nxter

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Re: Monetary sistem - Exchange Booth bug??
« Reply #6 on: June 14, 2015, 09:45:38 pm »

What about my second point? If it is fixed we could still trade XORA below 1NXT
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rubenbc

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Re: Monetary sistem - Exchange Booth bug??
« Reply #7 on: June 14, 2015, 09:47:32 pm »

What?  So this means that the minimum price for XORA is 1NXT???

I believe so.  :-\
It will need to be reissue or make a new one with less decimal.

epic fail  :D

jl777

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Re: Monetary sistem - Exchange Booth bug??
« Reply #8 on: June 14, 2015, 09:49:34 pm »

What?  So this means that the minimum price for XORA is 1NXT???

I believe so.  :-\
It will need to be reissue or make a new one with less decimal.

epic fail  :D
always the 4 decimals!
that is allowing for flexibility in both directions, both the price in NXT and amount in asset/MS have 4 decimals

I say reissue
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Sebastien256

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Re: Monetary sistem - Exchange Booth bug??
« Reply #9 on: June 14, 2015, 09:49:36 pm »

What about my second point? If it is fixed we could still trade XORA below 1NXT

Not sure about this one. I'm no expert with MS. I just played a bit with it.
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rubenbc

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Re: Monetary sistem - Exchange Booth bug??
« Reply #10 on: June 14, 2015, 09:57:21 pm »



It would be perfect 1nxt minimum price. Where do I sign? ;D ;D

Jack Needles

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Re: Monetary sistem - Exchange Booth bug??
« Reply #11 on: June 14, 2015, 10:02:53 pm »

.
« Last Edit: January 16, 2016, 12:36:33 am by Jack Needles »
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Nxter

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Re: Monetary sistem - Exchange Booth bug??
« Reply #12 on: June 15, 2015, 05:57:41 pm »

A floor price of 1 would certainly make those shuffling bounties far more attractive!  And a 1-1 rate for shuffling NXT through XORA could make life easier in a lot of places.

I have mixed feelings about this.  As an XORA holder, I would love a new floor at over 100x the asset trading price.  On the other hand, an artificial bump due to technical limitations feels wrong.

This is either a brilliant move, or a terrible oversight.  Not sure which it is, lol.

ATM the market volume would be limited or nonexistent with this artificial floor...
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Jack Needles

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Re: Monetary sistem - Exchange Booth bug??
« Reply #13 on: June 15, 2015, 09:10:53 pm »

.
« Last Edit: January 16, 2016, 12:36:02 am by Jack Needles »
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Kora

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Re: Monetary sistem - Exchange Booth bug??
« Reply #14 on: June 16, 2015, 09:10:00 am »

Is it possible that the NRS exchange booth will be modified sometime in the future to handle 8 decimals? Is that even possible?

So sorry this happened guys :(
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Pilot

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Re: Monetary sistem - Exchange Booth bug??
« Reply #15 on: June 18, 2015, 08:38:46 pm »

So, has this been brought up to Jon Luc or other devs? Is it a bug or buy design?

I have another idea that might be stupid, or might work.

What if we issue an asset with as many tokens as ORA, but make it divisible. The Asset::XORA price would always be 1:1 but the asset could be bought/sold for less than 1 NXT that way.

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Nxter

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Re: Monetary sistem - Exchange Booth bug??
« Reply #16 on: June 18, 2015, 09:58:30 pm »

So, has this been brought up to Jon Luc or other devs? Is it a bug or buy design?

I have another idea that might be stupid, or might work.

What if we issue an asset with as many tokens as ORA, but make it divisible. The Asset::XORA price would always be 1:1 but the asset could be bought/sold for less than 1 NXT that way.

It my understanding that it is a variable overflow limitation. Using 8 decimals for the XORA currency and also using decimals of NXT when trading with XORA make too large numbers.
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