Win Bitcoin this July with Coinsecure [For Devs Mainly]

[Benson Samuel]

Coinsecure has been working constantly to refine and create an ecosystem around Bitcoin in India.

With this in mind, we are now working towards an initiative to get more Developers across India learning and building on Bitcoin.

The first of these will officially start on the 1st of July and last until the 14th of July. We are looking for the 3 best applications that can be built for trading leverage using the Coinsecure.in api.

We are looking at this as an opportunity to further test and refine our API, generate more interest around Bitcoin development and integration.

Our current discussions have decided on a 2BTC total prize to be won by 3 developers. I am currently aware of 5-6 developers who have committed to work on this and we will be glad to raise the winnings based on participation.

The first place gets a full coin, 2nd place gets .6 and 3rd takes the rest as per the 2BTC amount. We will revise in similar proportions if we increase the total winning amount.

I will publish the rules, etc over the coming days.

In the meantime, if anyone needs any methods added or refined, do let me know and I will try to get those in place by the 1st.

We have api.coinsecure.in and coinsecure.info/docs that can be used.

Do PM me or reply back on this thread if you have any questions, etc.

[Benson Samuel]

Update

May not be able to start the contest on the 1st. May have to push it to the 7th.

Coinsecureis.cool - Testnet BTC to Mock INR Realtime Exchange
https://bitcointalk.org/index.php?topic=1105440.0

Coinsecure Hackathon – 7th July 2015 to 21st 23rd July 2015
Total Prizes to be given away
2 BTC – So Far. Extra prizes and a larger prize pool may be announced based on participation.
50% goes to the winner, the balance is split between 2nd and 3rd as a 60/40 split.

What can be built?
- Apps
- Trading Clients
- Bots
- Dashboards

Entry Criteria
- Must be Open Source
- Must utilize the coinsecure.in or coinsecure.info api's.

Winning Criteria – On a scale of 5
- Idea & Design (20%)
- Functionality & Usability (30%)
- Security & Code Readability(30%)
- Business Applicability (20%)

Judges
- To be Announced

[buysellbitcoin]

I am sure lots of bots coming in. Great work!

Do they need to make their code open source ?

Regards

[Benson Samuel]

I am sure lots of bots coming in. Great work!

Do they need to make their code open source ?

Regards

Yeah, from what I have seen with bots, not too many will actively use unless it goes open source.

[ani4444]

Good initiative.

Just for info :
What advantage can a bot provide over manual trade, I mean under what scenario will bot trading be more profitable and not just faster.
Also what other category of applications can be expected?

[Benson Samuel]

Good initiative.

Just for info :
What advantage can a bot provide over manual trade, I mean under what scenario will bot trading be more profitable and not just faster.
Also what other category of applications can be expected?

Stop Losses, Buy Low, Sell High instructions, Iceberg orders, etc can be scripted for this.
It is tough to sit in front of a computer 24/7. As this is a 24/7 market, would be good to have something automate and run while you cannot be in front of your terminal.

We are looking mainly at automated trading tools, dashboards, etc for this build out.

[buysellbitcoin]

Good initiative.

Just for info :
What advantage can a bot provide over manual trade, I mean under what scenario will bot trading be more profitable and not just faster.
Also what other category of applications can be expected?

Best advantage you let your strategy decide trading, and not emotions

Stop loss ( depending on your strategy ) and price setting trades are big bonus if you are really into trading and want to get profits in illiquid market. Think about that you want to sale 1 bitcoin at 15,000 INR, your boat can place 100 small sale orders starting from 15000 to 15150, to normal users who simply buy at market price this does not make difference, but you have made 1% more You will not place 100 orders manually each time, so you prefer bot.

Use only bot that is open source, you have good reviews from reviewers and most important you know the strategy bot is applying on your account. There is no magic machine that makes money. If you don't understand market do not day trade.

Regards

[Benson Samuel]

I am sure lots of bots coming in. Great work!

Do they need to make their code open source ?

Regards

Was just thinking of this and since the API does not expose withdrawals or deposits as yet, closed source should be fine as well.

[ani4444]

I am sure lots of bots coming in. Great work!

Do they need to make their code open source ?

Regards

Was just thinking of this and since the API does not expose withdrawals or deposits as yet, closed source should be fine as well.

Closed source should not be used.  Suppose a bot developer added some code to check if there is a buy/sell order from his account then it must be executed automatically. So he can buy/sell bitcoins at any price he wants and the users using the bot will be cheated.

[Benson Samuel]

I am sure lots of bots coming in. Great work!

Do they need to make their code open source ?

Regards

Was just thinking of this and since the API does not expose withdrawals or deposits as yet, closed source should be fine as well.

Closed source should not be used.  Suppose a bot developer added some code to check if there is a buy/sell order from his account then it must be executed automatically. So he can buy/sell bitcoins at any price he wants and the users using the bot will be cheated.

Hmmm, this is true as well.
We still working on the rules. Should be out by 1st.

[ani4444]

Is it possible to create demo orders or demo api keys to test bots ?

[Benson Samuel]

Is it possible to create demo orders or demo api keys to test bots ?

I can give out keys from a dummy account with 0 bal on request...
Could add dummy accounts, but if it is a time taking addon, would rather not do that right now.

But do ping me if you need a demo/ test/ dummy account keys with 0 bal and I can provide for sure.

Will also try to host a testnet version of coinsecure somewhere, so even testnet coins will be good.. Will try to do this by the 1st.

[ani4444]

Is it possible to create demo orders or demo api keys to test bots ?

I can give out keys from a dummy account with 0 bal on request...
Could add dummy accounts, but if it is a time taking addon, would rather not do that right now.

But do ping me if you need a demo/ test/ dummy account keys with 0 bal and I can provide for sure.

Will also try to host a testnet version of coinsecure somewhere, so even testnet coins will be good.. Will try to do this by the 1st.

But 0 bal accounts will not be able to create any buy/sell orders?
Anyways I will wait till next week before i try and make something useful.

[Benson Samuel]

Is it possible to create demo orders or demo api keys to test bots ?

I can give out keys from a dummy account with 0 bal on request...
Could add dummy accounts, but if it is a time taking addon, would rather not do that right now.

But do ping me if you need a demo/ test/ dummy account keys with 0 bal and I can provide for sure.

Will also try to host a testnet version of coinsecure somewhere, so even testnet coins will be good.. Will try to do this by the 1st.

But 0 bal accounts will not be able to create any buy/sell orders?
Anyways I will wait till next week before i try and make something useful.

I should have the testnet version and api in place by tomorrow or the day after.
We should be able to the start the contest with details, etc on the 7th at worst.

Have updated the 2nd post in this thread.

[Benson Samuel]

Coinsecureis.cool - Testnet BTC to Mock INR Realtime Exchange
https://bitcointalk.org/index.php?topic=1105440.0

[ani4444]

What is the last date for this?

[Benson Samuel]

What is the last date for this?

21st of July

[Benson Samuel]

Coinsecure Hackathon – 7th July 2015 to 21st July 2015
Total Prizes to be given away
2 BTC – So Far. Extra prizes and a larger prize pool may be announced based on participation.
50% goes to the winner, the balance is split between 2nd and 3rd as a 60/40 split.

What can be built?
- Apps
- Trading Clients
- Bots
- Dashboards

Entry Criteria
- Must be Open Source
- Must utilize the coinsecure.in or coinsecure.info api's.

Winning Criteria – On a scale of 5
- Idea & Design (20%)
- Functionality & Usability (30%)
- Security & Code Readability(30%)
- Business Applicability (20%)

Judges
- To be Announced

[valrama]

What is the submission process for different types of hacks? Sourcecode on Github and a link to a working deployment no GAE, for e.g. would suffice, I suppose?

[Benson Samuel]

What is the submission process for different types of hacks? Sourcecode on Github and a link to a working deployment no GAE, for e.g. would suffice, I suppose?

 Yeah.. That should be good.
We have setup a github repo as well for this hack.. Will share the details in few days.