I really liked
prominerone's idea in the main UNO thread which helped direct my recent thoughts on Un-Ex development: The Un-Ex pays a premium for newly-minted UNO (over the going price on exchanges), so miners save on paying the exchange tax when selling directly on the Un-Ex.
My Un-Ex Trade Tracker spreadsheet uses
Cryptonator's API to determine the current UNO/BTC rate.
Could people please weigh in on what percentage they're willing to pay on an ongoing basis on top of the going rate? If we agree on paying a 5% premium, for example, the UNO miner looking to sell their newly-minted UNO could 1) save on paying exchange fees and 2) get more BTC/LTC/DOGE/whatever else for their UNO.
I propose that the next iteration of the trade tracker (coming in the next few days as I have time - am unavailable so am not yet sure on timing) has the following:
- a Dashboard tab that shows an overview of trading activity and volume, trusted traders, the ticker with various rates including the mining premium.
- a Un-Ex tab that shows the existing trades (largely as it stands already but with a few extra details such as number of stars, number of positive trades to date, total volume in BTC of trades to date (maybe not this one as we get bigger) - whatever I do, it'd be enough detail to give the prospective new trader sufficient motivation to participate
- a Trusted Traders tab that gives a list of all current TT's, basically an organised verion of IMZ's blog list. Stars would be calculated automatically (with our ongoing oversight) based on details as per my post about this yesterday.
With the above in mind, I'd particularly like to add a column in the Un-Ex tab that is just for miners, where they would paste the UNO Blockchain Explorer link to the block/s they've just mined when listing a new amount of UNO to trade on the Un-Ex. This would be for verification purposes so that other Un-Ex users and particularly TT's (who are paying the Miners' Premium) can check to help make sure they're not just giving higher prices to enterprising goons who have not just mined this UNO they're selling.
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It'll take me about 6 hours to implement the above - I've only been doing this stuff for a few days now and need to search the help doco as I learn how to do the things I want to achieve.
Once implemented and working, the immediate next stage would be quality communication to the crypto community at large that "UNO directly supports miners: we pay miners directly, there's a pool of traders ready to pay you, the trading is P2P rather than through a centralised exchange, we have a trust network", etc. etc. I'd like to see a more polished intro to this Un-Ex thread that incorporates the above, at that point, too. (I'll help draft this, IMZ - and whomever else is interested). In short, ensuring it has to be profitable for miners and not too difficult to do it, so they'll be resting on our existing trust network to sell. There is a question of how readily a new miner would hand over the UNO first in a trade with a TT, so I think it is probably pretty important to ensure the interface is reasonably polished at that point. We're still talking manual trades here (ie. spreadsheet rather than more automated website/exchange-type implementation -
for now), but testing the process before taking it too public would be smart.
I'd ideally like to have this implemented tonight but I seriously just don't have the time right this minute. Am keen to jump on it ASAP though.
^^ Just a few thoughts from a VERY busy cragv this evening. I've got All The Things to do that aren't related to cryptos at all, but I've been thinking about this stuff in the meantime. Very early days here still (we're just working from a spreadsheet rather than a dedicated website), but the wheels are turning. More to come as I have time - hectic week ahead!! Cheers.
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@IMZ, my spreadsheet ticker has a current DVC/UNO price of 13.43kg. Your update puts it at 13.807kg. Tell me how you calculate it and I'll try to modify mine to more closely match it. (My current method relies on the silver price from APMEX and the UNO price from Cryptonator, so this would account for the difference if your sources are elsewhere... it may not even matter that our prices are a little bit different, but it'd be nice to have them the same given you're still posting the price in the thread here!) Ta.
