What you suggest would require integration with the whole financial infrastructure, the payment of mega-fees to the companies that control those exchanges, and all kinds of government securities and financial licensing. If BitShares gets into stocks, it would be with BitAPPLE and BitNIKE, etc., a layer of play money that the market would use to track such securities. And in fact, anyone can create their own UIAs within BitShares right now.
Just a matter of contracting.
Yes, you get me right, I'm talking about BitAPLE and BitNIKE and goverment bonds and so on. Licensing is a just a contracting thing.
Are you familiar with CFDs and Options (like Knock-Outs, ...)? This is just the same thing. Play money just like BTC, LTC, Dollar and Euro
You're right, I think this "problem" can be resolved by simply adding a way to filter UIAs by issuer. Stock-Exchange-Gateway-User = Issuer of BitAPPLE, BitNIKE, ...
Am I missing something about gateways?
Something I'm missing: I can't find any statistics about the turnover of BTS on the BitShares' network.
No, the price feed is what ultimately makes sure that 1 BitUSD can be sold 1 USD. The article I linked above explains it nicely, there is a section about the price feed.
Such a stock exchange gateway would be possible. I'd say Bitshares would not have to get into any regulatory compliance procedure, just the gateway. Sounds like a nice idea and is definitely possible.
Are you familar with the difference between UIA and MPE?
As I understand it it would only take a (or multiple? how many?) trusted delegate to "feed" the "price" of an external asset (such as NIKE
) into the blockchain. And then the market pegged asset would come to "life". Doesn't understand the details yet, I'm just trying to get the big picture at the moment
I agree with you, the gateway would have to take care of licencing and banking regulations and deal with goverments(' financial departments).
An UIA is issued by a registered user, an MPE is the "price feed asset that magically comes to life". I hope I got it right
I must say it's not quite easy reading
It's not faith, it's a profit motive.
Prediction markets seek the truth
Well, I would've agreed with you 15 years ago. But that's another story and way off-topic.