4 ms·

Yep, and btw, how can the price of anything be exactly 0? This doesn't sound right either.

by Udik 5y ago

meowface 5y ago
According to the graph in the post (https://miro.medium.com/max/6088/1*tzpAFvuxVeumWO8ENz_SZg.png https://miro.medium.com/max/6088/1*tzpAFvuxVeumWO8ENz_SZg.pn...), it's somewhere around 0.0961 as of that time, and I suppose the price oracle they're using rounds that down to zero, perhaps? Or maybe the contract is rounding it down? Either way, I agree it's odd that exactly zero would be reported even if it's very close to zero. edit: Nevermind, I misread. It's -0.0961, apparently.
- sva_ 5y ago
  The price is actually something like $0.000000033869. https://www.coingecko.com/en/coins/iron-titanium-token https://www.coingecko.com/en/coins/iron-titanium-token
- exporectomy 5y ago
  Negative 0.0961
  - meowface 5y ago
    Oops, you're right. I misread.
aodin 5y ago
Well, a price can go negative [1], so I wouldn't consider zero to be surprising. [1] https://www.cnbc.com/2020/04/26/why-oil-prices-went-negative-and-why-they-can-go-negative-again.html https://www.cnbc.com/2020/04/26/why-oil-prices-went-negative...
- jefftk 5y ago
  A price can go negative for a physical thing which requires upkeep, but I don't see how a coin which imposes no obligations on an owner who just chooses to walk away, can have a negative price?
- dehrmann 5y ago
  Oil went negative in the same way the price of my trash is negative: more of it was being produced than people wanted to buy, but the producer had to get rid of it because they couldn't stop production. As another commenter said, you can just walk away from a digital asset, so this isn't a problem. I can't walk away from my trash.
bombcar 5y ago
Price can be a number of things - current best offer from a seller, best offer from a buyer, mid between them, etc. (Stocks often report either the mid or “last trade” but the bid-ask spread can get wide for rarely traded securities, especially Lon-dated options). I don’t know what the Oracle is using but it would be amusing if something else means the price is “stuck” at zero once it hits zero.

Yep, and btw, how can the price of anything be exactly 0? This doesn't sound right either.

by Udik 5y ago

Yep, and btw, how can the price of anything be exactly 0? This doesn't sound right either.

According to the graph in the post (https://miro.medium.com/max/6088/1*tzpAFvuxVeumWO8ENz_SZg.png https://miro.medium.com/max/6088/1*tzpAFvuxVeumWO8ENz_SZg.pn...), it's somewhere around 0.0961 as of that time, and I suppose the price oracle they're using rounds that down to zero, perhaps? Or maybe the contract is rounding it down? Either way, I agree it's odd that exactly zero would be reported even if it's very close to zero. edit: Nevermind, I misread. It's -0.0961, apparently.

sva_ 5y ago
The price is actually something like $0.000000033869. https://www.coingecko.com/en/coins/iron-titanium-token https://www.coingecko.com/en/coins/iron-titanium-token
exporectomy 5y ago
Negative 0.0961
- meowface 5y ago
  Oops, you're right. I misread.

aodin 5y ago

Well, a price can go negative [1], so I wouldn't consider zero to be surprising. [1] https://www.cnbc.com/2020/04/26/why-oil-prices-went-negative-and-why-they-can-go-negative-again.html https://www.cnbc.com/2020/04/26/why-oil-prices-went-negative...

jefftk 5y ago
A price can go negative for a physical thing which requires upkeep, but I don't see how a coin which imposes no obligations on an owner who just chooses to walk away, can have a negative price?
dehrmann 5y ago
Oil went negative in the same way the price of my trash is negative: more of it was being produced than people wanted to buy, but the producer had to get rid of it because they couldn't stop production. As another commenter said, you can just walk away from a digital asset, so this isn't a problem. I can't walk away from my trash.

bombcar 5y ago

Price can be a number of things - current best offer from a seller, best offer from a buyer, mid between them, etc. (Stocks often report either the mid or “last trade” but the bid-ask spread can get wide for rarely traded securities, especially Lon-dated options). I don’t know what the Oracle is using but it would be amusing if something else means the price is “stuck” at zero once it hits zero.