Instead of adding BitShares to a Bitcoin wallet...

nomoreheroes7 · February 28, 2015, 01:43:06 PM

Guess I'll join the party.

Quote from: bitmarket on February 28, 2015, 01:53:49 AM
Can you feel it??? We are tantalizingly close to biggest crypto home run since bitcoin itself.

As most on this thread are already very astute too... Messaging and positioning is critical. I would brand it a whole new thing(Coinstamp for example) and it would be a "decentralized bitcoin exchange." The experience would actually be just like going to bitfinex.

You would deposit bitcoin. Your account would say you have bitcoin, just like bitfinex says even though what you really have is bitfinexbitcoin. The difference is Coinstamp coin is really bitbtc and it is real time cryptographically provably solvent. You can use your imagination for the rest. If bitfinex/bitstamp/btc-e make no distinction between their IOU's and the real thing why should we? The catch is stealing their liquidity. When bitfinex started, they used bitstamp liquidity to get themselves up and running. Apart from some simple GUI stuff, that is the final piece. And of course and USD/bitUSD gateway.

This is exactly where BTS needs to position itself. +5%*1,000,000

matt608 · February 28, 2015, 11:54:07 AM

Quote from: bitmarket on February 28, 2015, 01:53:49 AM
Can you feel it??? We are tantalizingly close to biggest crypto home run since bitcoin itself.

As most on this thread are already very astute too... Messaging and positioning is critical. I would brand it a whole new thing(Coinstamp for example) and it would be a "decentralized bitcoin exchange." The experience would actually be just like going to bitfinex.

You would deposit bitcoin. Your account would say you have bitcoin, just like bitfinex says even though what you really have is bitfinexbitcoin. The difference is Coinstamp coin is really bitbtc and it is real time cryptographically provably solvent. You can use your imagination for the rest. If bitfinex/bitstamp/btc-e make no distinction between their IOU's and the real thing why should we? The catch is stealing their liquidity. When bitfinex started, they used bitstamp liquidity to get themselves up and running. Apart from some simple GUI stuff, that is the final piece. And of course and USD/bitUSD gateway.

+5%

vegolino · February 28, 2015, 11:32:19 AM

Quote from: bitmarket on February 28, 2015, 01:53:49 AM
Can you feel it??? We are tantalizingly close to biggest crypto home run since bitcoin itself.

As most on this thread are already very astute too... Messaging and positioning is critical. I would brand it a whole new thing(Coinstamp for example) and it would be a "decentralized bitcoin exchange." The experience would actually be just like going to bitfinex.

You would deposit bitcoin. Your account would say you have bitcoin, just like bitfinex says even though what you really have is bitfinexbitcoin. The difference is Coinstamp coin is really bitbtc and it is real time cryptographically provably solvent. You can use your imagination for the rest. If bitfinex/bitstamp/btc-e make no distinction between their IOU's and the real thing why should we? The catch is stealing their liquidity. When bitfinex started, they used bitstamp liquidity to get themselves up and running. Apart from some simple GUI stuff, that is the final piece. And of course and USD/bitUSD gateway.

Yes please +5%

cube · February 28, 2015, 05:48:44 AM

Quote from: fluxer555 on February 27, 2015, 03:34:28 PM
Quote from: cube on February 27, 2015, 07:02:12 AM
Do be careful when using the word 'Exchange'. You may like to check with the local regulator if a license is needed.

www.armaniexchange.com/
www.buffaloexchange.com/
www.stackexchange.com/

I don't think we need to worry, as long as we avoid "Stock Exchange".

The named sites are dealing with goods trading and information exchange while bts and bitUSD represent money token exchange. Money exchanges are required to have licenses to operate in most jurisdictions.

bobmaloney · February 28, 2015, 05:22:49 AM

Quote from: bitmarket on February 28, 2015, 01:53:49 AM
Can you feel it??? We are tantalizingly close to biggest crypto home run since bitcoin itself.

As most on this thread are already very astute too... Messaging and positioning is critical. I would brand it a whole new thing(Coinstamp for example) and it would be a "decentralized bitcoin exchange." The experience would actually be just like going to bitfinex.

You would deposit bitcoin. Your account would say you have bitcoin, just like bitfinex says even though what you really have is bitfinexbitcoin. The difference is Coinstamp coin is really bitbtc and it is real time cryptographically provably solvent. You can use your imagination for the rest. If bitfinex/bitstamp/btc-e make no distinction between their IOU's and the real thing why should we? The catch is stealing their liquidity. When bitfinex started, they used bitstamp liquidity to get themselves up and running. Apart from some simple GUI stuff, that is the final piece. And of course and USD/bitUSD gateway.

This looks like what may bring Bitshares full circle for many that have been here since the beginning.

Plus 5

http://youtu.be/5BV55IrZi7g

hpenvy2 · February 28, 2015, 04:44:02 AM

Quote from: bitmarket on February 28, 2015, 01:53:49 AM
Can you feel it??? We are tantalizingly close to biggest crypto home run since bitcoin itself.

As most on this thread are already very astute too... Messaging and positioning is critical. I would brand it a whole new thing(Coinstamp for example) and it would be a "decentralized bitcoin exchange." The experience would actually be just like going to bitfinex.

You would deposit bitcoin. Your account would say you have bitcoin, just like bitfinex says even though what you really have is bitfinexbitcoin. The difference is Coinstamp coin is really bitbtc and it is real time cryptographically provably solvent. You can use your imagination for the rest. If bitfinex/bitstamp/btc-e make no distinction between their IOU's and the real thing why should we? The catch is stealing their liquidity. When bitfinex started, they used bitstamp liquidity to get themselves up and running. Apart from some simple GUI stuff, that is the final piece. And of course and USD/bitUSD gateway.

+5%

Stan · February 28, 2015, 02:13:19 AM

Quote from: bitmarket on February 28, 2015, 01:53:49 AM
If bitfinex/bitstamp/btc-e make no distinction between their IOU's and the real thing why should we?

Egad, Brain, Brilliant!

Only ours is transparently auditable and triply collateralized!

bitmarket · February 28, 2015, 01:53:49 AM

Can you feel it??? We are tantalizingly close to biggest crypto home run since bitcoin itself.

As most on this thread are already very astute too... Messaging and positioning is critical. I would brand it a whole new thing(Coinstamp for example) and it would be a "decentralized bitcoin exchange." The experience would actually be just like going to bitfinex.

You would deposit bitcoin. Your account would say you have bitcoin, just like bitfinex says even though what you really have is bitfinexbitcoin. The difference is Coinstamp coin is really bitbtc and it is real time cryptographically provably solvent. You can use your imagination for the rest. If bitfinex/bitstamp/btc-e make no distinction between their IOU's and the real thing why should we? The catch is stealing their liquidity. When bitfinex started, they used bitstamp liquidity to get themselves up and running. Apart from some simple GUI stuff, that is the final piece. And of course and USD/bitUSD gateway.

fluxer555 · February 27, 2015, 03:34:28 PM

Quote from: cube on February 27, 2015, 07:02:12 AM
Do be careful when using the word 'Exchange'. You may like to check with the local regulator if a license is needed.

www.armaniexchange.com/
www.buffaloexchange.com/
www.stackexchange.com/

I don't think we need to worry, as long as we avoid "Stock Exchange".

cube · February 27, 2015, 07:02:12 AM

Quote from: joele on February 26, 2015, 01:20:59 AM

+5% +5% +5% +5% to "BitShares Exchange" instead of wallet.

Do be careful when using the word 'Exchange'. You may like to check with the local regulator if a license is needed.

yellowecho · February 26, 2015, 09:03:33 PM

Quote from: fluxer555 on February 26, 2015, 07:49:58 PM
Ok, I'm glad that BitShares Exchange is getting a resounding '+5%' :)

I would go as far to say that we should never refer to the application as 'wallet' ever again. If you need a generic term, you can use 'client'.

So for example, you can say,

"Within the client, you can..."
"Download the client"
"The new client version is out!"
"The desktop client has the benefit of higher security, while the web client has the benefits of accessibility and speed"

Additionally, you can replace the term 'address' with 'account'. These changes may seem small, but if we are all consistent about it, it will set our product apart from our competition. It will be hard to break the habits, but it will be way worth it.

+5% !

fluxer555 · February 26, 2015, 07:49:58 PM

Ok, I'm glad that BitShares Exchange is getting a resounding '+5%' :)

I would go as far to say that we should never refer to the application as 'wallet' ever again. If you need a generic term, you can use 'client'.

So for example, you can say,

"Within the client, you can..."
"Download the client"
"The new client version is out!"
"The desktop client has the benefit of higher security, while the web client has the benefits of accessibility and speed"

Additionally, you can replace the term 'address' with 'account'. These changes may seem small, but if we are all consistent about it, it will set our product apart from our competition. It will be hard to break the habits, but it will be way worth it.

emailtooaj · February 26, 2015, 01:45:39 PM

+10 to "Bitshares Exchange"!

Sent from my iPhone using Tapatalk

joele · February 26, 2015, 12:11:24 PM

Quote from: monsterer on February 26, 2015, 11:25:13 AM
I am willing to do whatever it takes to get metaexchange.info integrated into any wallet. Just shoot me a PM and I'll be all over it :)

p.s Remember, we are an in house project, unlike shapeshift.io

+5% metaexchange in bitshares wallet

monsterer · February 26, 2015, 11:25:13 AM

I am willing to do whatever it takes to get metaexchange.info integrated into any wallet. Just shoot me a PM and I'll be all over it :)

p.s Remember, we are an in house project, unlike shapeshift.io

vegolino · February 26, 2015, 10:22:35 AM

Quote from: joele on February 26, 2015, 01:20:59 AM

+5% +5% +5% +5% to "BitShares Exchange" instead of wallet.

+5%

BunkerChainLabs-DataSecurityNode · February 26, 2015, 02:51:20 AM

There are some good ideas in this thread that have merit.

Anybody like to develop this wallet/exchange? Whos up for it?

joele · February 26, 2015, 01:20:59 AM

+5% +5% +5% +5% to "BitShares Exchange" instead of wallet.

bluebit · February 25, 2015, 09:57:37 PM

+5% +5% +5% to "BitShares Exchange" instead of wallet.

fluxer555 · February 25, 2015, 09:56:04 PM

Quote from: matt608 on February 25, 2015, 09:37:29 PM
Bitcoiners know BitBTC isn't real BTC. It doesn't have the same appeal as having a wallet that holds real BTC. It just can't be sold as a bitcoin wallet without holding real BTC.

It won't be sold as a bitcoin wallet. It will be sold as an exchange. Just as you know the BTC you hold in the exchange is not actually BTC, BitBTC also is not BTC. Except, you own the private keys and it is not exposed to counterparty risk.

matt608 · February 25, 2015, 09:37:29 PM

Isn't it already called the BitShares decentralised exchange?

Bitcoiners know BitBTC isn't real BTC. It doesn't have the same appeal as having a wallet that holds real BTC. It just can't be sold as a bitcoin wallet without holding real BTC.

But still metaexchagne/shapeshift should be added into the wallet as a deposit method like you say, along with other deposit methods.

So - both can be done!

yellowecho · February 25, 2015, 09:31:53 PM

+5% to "BitShares Exchange" instead of wallet.

nomoreheroes7 · February 25, 2015, 08:46:46 PM

+5% for "BitShares Exchange" instead of wallet. "Wallet" is way too simple for everything BitShares is trying to do here.

A separate program specifically for holding funds (the light wallet?) should be the "wallet" (or "bank" or something if we're gonna go that direction).

xeroc · February 25, 2015, 08:45:22 PM

I like it .. bitshares exchange ..
+5%

fluxer555 · February 25, 2015, 08:42:59 PM

Furthermore, once the website version of BitShares Exchange is running smoothly, they won't even have to download anything!

fluxer555 · February 25, 2015, 08:41:54 PM

Then, maybe we should rebrand the 'wallet' part of the name of the GUI to 'exchange'.

Go to bitshares.org and download BitShares Exchange.

After all, I think 'wallet' doesn't really describe what the GUI does anymore, and 'exchange' is a much better fit.

Then, they would see this not as installing an 'alt coin wallet', but installing something that will let them trade in the same way they deposit their money into a traditional exchange-- except we have the advantage of marketing that it is decentralized.

You can deposit BTS into the BitShares Exchange (this is just another way of saying that you purchased BTS from somewhere and transferred them to your account), or you can deposit BTC into the BitShares Exchange (this is another way of saying that the GUI client has a built in system that interfaces with 3rd party bridge services to trade BTC for BitBTC, giving minimal risk exposure). You can then trade your BitBTC for BitUSD.

Let's try that again without all the cruft:

Install BitShares Exchange.
Deposit BTC.
Trade for USD.

That's it! They don't even have to buy bitshares, just as when I use Cryptsy I don't have to invest in their company shares.

Akado · February 25, 2015, 08:32:37 PM

It has the advantage of spreading our our name, our brand, however:

A bitcoin user is more prone to use a bitcoin wallet with that feature than using a bitshares wallet with the same feature. I dont know if it's the case, but from what I see around forums, there are a lot and i mean a lot, bitcoin user's that are bitcoin-centric, for them, bitcoin is the one and only and there can not be another one. They're like horses with blinkers. They can only see what's in front of them. I'm not saying most are like this, but i've seen quite a few. They fail to see multiple cryptos can coexist. ie: bitcoin for normal stuff like buying a coffee, ripple for banks and bitshares for stock trading, a decentralized nasdaq and also for crowdfunding.

Whatever they use a bitcoin wallet with that feature or a bitshares wallet with that feature, they will use bitAssets, that's what matters. They bring volume either way.

In the end I'd say a bitcoin wallet with the feature is better vs the bitshares one becasue of those reasons. A bitcoin user is much more likely to download a bitcoin wallet than a bitshares wallet, even if they do the same thing.

fluxer555 · February 25, 2015, 08:24:11 PM

...Add Bitcoin to the BitShares wallet!

I'm imagining a tab that says "Deposit BTC", which opens up to a page showing the best rate from either metaexchange.info or shapeshift, showing your current BitBTC balance.

This should be simple to implement, yes??

With the new web wallet, this could be the easiest path to giving accessible trust-free decentralized BitUSD hedging!