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Offline Xypher

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Good stuff. Did you have to pay for the listing



Offline Akado

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Another asset for them to charge ridiculous trading fees.

We should try to market our internal gateways in my opinion.

But more people use Shapeshift, use it or not it's always good to have it there.
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Offline mangou007

I agree... the more the better ;) Good job Ken
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Offline Xypher

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Good stuff. Did you have to pay for the listing

How much did they charge the last time ?


Offline kenCode

Hey Ken,

So we were discussing this and we ran into a problem...

In order to integrate bitCNY, we'd need to integrate with the BitShares Asset Exchange. The problem, however, is that all the assets there are traded only against bitshares. There is no BTC/bitCNY pair, for example.

This means that if someone is using ShapeShift to convert Litecoin to bitCNY, THREE trades have to occur:
- LTC to BTC
- BTC to BTS
- BTS to bitCNY

Due to slippage/depth issues, the ultimate rate the user gets would be pretty dismal.

Is there an easy solution we're not thinking of?
 
-Erik Voorhees
CEO
ShapeShift.io

Offline mdj

There is no BTC/bitCNY pair, for example.

There is, there's just not enough people using it. Shapeshift could help to become a liquidity provider through becoming a market maker on the pair. I agree that programatically this may involve selling on the BTS market but eventually more people will use it on its own. BitUSD:BTC etc are going to be amazing when they have more liquidity but to start with it needs to be easy to enter and exit the BTS pairs.

Offline 麥可貓

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There is no BTC/bitCNY pair, for example.

There is, there's just not enough people using it. Shapeshift could help to become a liquidity provider through becoming a market maker on the pair. I agree that programatically this may involve selling on the BTS market but eventually more people will use it on its own. BitUSD:BTC etc are going to be amazing when they have more liquidity but to start with it needs to be easy to enter and exit the BTS pairs.

Actually,  it is bitBTC/bitCNY in internal market,  but in ShapeShift it is realBTC/bitCNY.
I think for realBTC/bitCNY,  they just need to do what metaexchange have already done.
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Offline fuzzy

Ok guys, so exactly what should I say in my email reply to Erik?
Please and Thanx :)
  -ken

Ask him to join us in a hangout to talk about what they do and why they like bitAssets. :)
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Offline Shentist

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metaexchange.info has this pair -- real BTC to bitCNY -- https://metaexchange.info/markets/bitCNY/BTC -- and we have a working API shapeshift can use.

monsterer is working to give metaexchange a orderbook and the possiblity to act like an "normal" exchange. So if shapeshift don't want to hold BTS they can use us.

In the future:

1. we will provide to every bitAsset a bridge into Bitcoin
2. we will integrate major Altcoins too!

Maybe this will save shapeshift work and they are reaching far more people then we can.
« Last Edit: May 29, 2015, 07:55:36 AM by Shentist »

Offline 麥可貓

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metaexchange.info has this pair -- real BTC to bitCNY -- https://metaexchange.info/markets/bitCNY/BTC -- and we have a working API shapeshift can use.

monsterer is working to give metaexchange a orderbook and the possiblity to act like an "normal" exchange. So if shapeshift don't want to hold BTS say can use us.

In the future:

1. we will provide to every bitAsset a bridge into Bitcoin
2. we will integrate major Altcoins too!

Maybe this will save shapeshift work and they are reaching far more people then we can.

 +5%

@kenCode: I think this problem is over-thought. What ShapeShift really need to do is a gateway service, just like metaexchange. So use the metaexchange API is the simplest and fastest way to achieve it.
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