BitShares Viewed as an Inter-Exchange Network

[mike623317]

... 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

[cylonmaker2053]

After bts launch 1 year, still no business partner, nothing change.

Well, "History is gonna change!"

CCEDK to Publish its Order Book on the BitShares Blockchain

+5% +5% +5%

[Stan]

... 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?

[mike623317]

... 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.

[rgcrypto]

network effect here we come

[sudo]

awesome

[topcandle]

Smells like a similar resurrection of Buttercoin.

[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. 

[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.

[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.

[Method-X]

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.

[xeroc]

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 ...

[btswildpig]

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)

[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?

[xeroc]

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