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Offline clayop

Relative order for combinations of BitAssets
« on: January 16, 2015, 08:23:22 PM »

As now, if I attempt to convert bitCNY into bitUSD, I have to go through bitCNY:BTS and bitUSD:BTS market since bitCNY:bitUSD market is not that active. Plus, when I go bitCNY:bitUSD market, the wallet says "insufficient feeds" although there're already enough feeds for USD and CNY. We can easily create the bitCNY:bitUSD feed with medians of USD and CNY and this can be applied to relative order function in this pair.
With relative order in a pair of BitAssets, people won't be bothered by spread of both CNY:BTS and USD:BTS market. Once market makers come to bitCNY:bitUSD market and with some spread (I guess 1% or less), people are able to convert their local currency into foreign ones.
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Offline xeroc

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Re: Relative order for combinations of BitAssets
« Reply #1 on: January 16, 2015, 08:27:59 PM »
The trade bug will be fix automatically after the hard fork in a few days ...


Relative orders across bitassets ... no idea ... but there has been a discussion about this already in here somewhere
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Offline clayop

Re: Relative order for combinations of BitAssets
« Reply #2 on: January 19, 2015, 07:15:33 PM »
Can someone find related discussion? I couldn't find it :(
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Offline islandking

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Re: Relative order for combinations of BitAssets
« Reply #3 on: January 19, 2015, 07:23:41 PM »
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. - Satoshi

Offline clayop

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