Author Topic: BitShares Viewed as an Inter-Exchange Network  (Read 6244 times)

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Offline mike623317

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... they can use BitShares to enable all their customers to trade all their assets with the customers and assets of other exchanges.  Small exchanges can band together to attract medium exchanges to join them to compete with still bigger exchanges.  Like a rolling stone.

 +5% +5% I can absolutely see smaller exchanges doing this. Security and others costs would be eliminated overnight. Why wouldn't you do this is the question.

This just keeps getting better and better.

Very good.  We describe this as "an exchange in a box".  Everything you need to become an exchange and interact with other exchanges.  So instantly, overnight, you can become a contender.  Then focus on what unique demographics and innovative services you can bring to the BitShares Exchange Network.

Who will be next?

That'll be me Stan

Offline cylonmaker2053

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Offline Stan

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... they can use BitShares to enable all their customers to trade all their assets with the customers and assets of other exchanges.  Small exchanges can band together to attract medium exchanges to join them to compete with still bigger exchanges.  Like a rolling stone.

 +5% +5% I can absolutely see smaller exchanges doing this. Security and others costs would be eliminated overnight. Why wouldn't you do this is the question.

This just keeps getting better and better.

Very good.  We describe this as "an exchange in a box".  Everything you need to become an exchange and interact with other exchanges.  So instantly, overnight, you can become a contender.  Then focus on what unique demographics and innovative services you can bring to the BitShares Exchange Network.

This should have a big multiplying factor because new entrepreneurs are immediately putting their energy toward advancing the services available to the network rather than re-inventing the wheel.

BitShares 2.0 has just blown away all barriers to entry - so you should see a much faster rate of growth and innovation among BitShares Exchange Network Members. 

Who will be next to join?
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Offline mike623317

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... they can use BitShares to enable all their customers to trade all their assets with the customers and assets of other exchanges.  Small exchanges can band together to attract medium exchanges to join them to compete with still bigger exchanges.  Like a rolling stone.

 +5% +5% I can absolutely see smaller exchanges doing this. Security and others costs would be eliminated overnight. Why wouldn't you do this is the question.

This just keeps getting better and better.

Offline rgcrypto

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Offline sudo

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Offline topcandle

Smells like a similar resurrection of Buttercoin.
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Offline bytemaster

you can set fees for your IOU (trading , transfer fee  , in the form of IOU)

Yes, but exchanges can already handle all that stuff internally. There must be something else there besides all the marginal points about security and development time - you can imagine that exchanges are heavily invested in their legacy architectures, both in terms of man hours and the level of control it affords them.

They also have recurring costs and support costs. 
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Offline monsterer

you can set fees for your IOU (trading , transfer fee  , in the form of IOU)

Yes, but exchanges can already handle all that stuff internally. There must be something else there besides all the marginal points about security and development time - you can imagine that exchanges are heavily invested in their legacy architectures, both in terms of man hours and the level of control it affords them.
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Offline BunkerChainLabs-DataSecurityNode

This means an end to 'getting goxed'.

Every investor in the crypto space when they realize this, are going to pee themselves a little.
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Offline Method-X

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What is the benefit for an exchange to drop all their legacy technology in favour of becoming a gateway? Where do they earn revenue in this new model?

you can set fees for your IOU (trading , transfer fee  , in the form of IOU)
And you can darstically reduce costs
for severs, development, maintanance, security stuff .. audits ...

 +5% This. Security in particular.

Offline xeroc

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What is the benefit for an exchange to drop all their legacy technology in favour of becoming a gateway? Where do they earn revenue in this new model?

you can set fees for your IOU (trading , transfer fee  , in the form of IOU)
And you can darstically reduce costs
for severs, development, maintanance, security stuff .. audits ...

Offline btswildpig

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What is the benefit for an exchange to drop all their legacy technology in favour of becoming a gateway? Where do they earn revenue in this new model?

you can set fees for your IOU (trading , transfer fee  , in the form of IOU)
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Offline monsterer

What is the benefit for an exchange to drop all their legacy technology in favour of becoming a gateway? Where do they earn revenue in this new model?
My opinions do not represent those of metaexchange unless explicitly stated.
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Offline xeroc

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+5% !! Nice elevator pitch for the bitshares tech