Predict the next exchanges joining BitShares

[jaran]

I'm going out on a limb here to predict that Colombia's Merkabahnk and CriptoBanco Exchange will be the next to join BitShares.

Edit: Oh, darn, they beat me to it!  ;)


http://merkabahnk.io/
https://bitsharestalk.org/index.php/topic,19256.new.html#new
https://www.cryptocoinsnews.com/colombia-gets-first-local-bitcoin-exchange/ (Dated article, but gives you background on who they are)

Sweet now hopefully colombia's biggest export businees discovers the platform  ;D

[donkeypong]

I'm going out on a limb here to predict that Colombia's Merkabahnk and CriptoBanco Exchange will be the next to join BitShares.

Edit: Oh, darn, they beat me to it!  ;)


http://merkabahnk.io/
https://bitsharestalk.org/index.php/topic,19256.new.html#new
https://www.cryptocoinsnews.com/colombia-gets-first-local-bitcoin-exchange/ (Dated article, but gives you background on who they are)

[Akado]

The poloniex wallet thread is a prime example and use case of what needs to be pitched to these other exchanges along with their user base, for making an intelligent business decision to integrate into the Open Ledger project and not use these other "closed source" side chain hack jobs.

could you be more specific? Are you talking about polo's UI?

Sure, the thread I'm referring to is here https://bitsharestalk.org/index.php/topic,19011.0.html

tl;dr
On POLO's website (aka trading page) they were showing they had 25M BTS on the trading books,  but their BTS wallet only showed around 12M BTS... so clayop raised a red flag and challenged them to prove POLO was indeed holding a 25M BTS supply as they claimed.  In the end, which only took a day I think,  POLO showed us their other BTS storage wallets and thus,  able to show they DO in fact, actually have those BTS in their possession and everything matched to their exchange stats. 
I can attest personally after seeing/reading that,  that made me feel WAY more comfortable sending POLO my hard earned money and trade into BTS.   
I can't speak for the other crypto's they carry/trade since those coins and their associated wallets aren't open to the public. So who know's without a doubt that those numbers are 100% honest and correct for those other Alts?  I'm not accusing POLO of cooking any of their other books; I'm just pointing out flaws in the system (as most of us are already aware of) and we just proved to the financial world (through this current event) that BTS truly can make a difference and protect the end user!!!
Now, just image if ALL those coins along with ALL those exchanges in the world made this change to use Bitshares as their back end... everything can be 100% verified and accounted for.  NO funny money, scams or bogus IOU's and can be easily tracked by the end users/investors.  Well... until stealth gets implemented LOL.

I agree but exchanges running a fractional reserve won't have any interested on joining because they would be exposed. And at the moment people don't seem to care much about it, they just go with the exchange with the most volume, which is unfortunate. If people really cared about their assets they would logically go with the safest solution, which would consequently turn into the exchange with the most volume. But we don't have a good enough UI atm, guess we will have to wait for a better UI, Moonstone or someone else known to join us.

[emailtooaj]

The poloniex wallet thread is a prime example and use case of what needs to be pitched to these other exchanges along with their user base, for making an intelligent business decision to integrate into the Open Ledger project and not use these other "closed source" side chain hack jobs.

could you be more specific? Are you talking about polo's UI?

Sure, the thread I'm referring to is here https://bitsharestalk.org/index.php/topic,19011.0.html

tl;dr
On POLO's website (aka trading page) they were showing they had 25M BTS on the trading books,  but their BTS wallet only showed around 12M BTS... so clayop raised a red flag and challenged them to prove POLO was indeed holding a 25M BTS supply as they claimed.  In the end, which only took a day I think,  POLO showed us their other BTS storage wallets and thus,  able to show they DO in fact, actually have those BTS in their possession and everything matched to their exchange stats. 
I can attest personally after seeing/reading that,  that made me feel WAY more comfortable sending POLO my hard earned money and trade into BTS.   
I can't speak for the other crypto's they carry/trade since those coins and their associated wallets aren't open to the public. So who know's without a doubt that those numbers are 100% honest and correct for those other Alts?  I'm not accusing POLO of cooking any of their other books; I'm just pointing out flaws in the system (as most of us are already aware of) and we just proved to the financial world (through this current event) that BTS truly can make a difference and protect the end user!!!
Now, just image if ALL those coins along with ALL those exchanges in the world made this change to use Bitshares as their back end... everything can be 100% verified and accounted for.  NO funny money, scams or bogus IOU's and can be easily tracked by the end users/investors.  Well... until stealth gets implemented LOL.

[Akado]

The poloniex wallet thread is a prime example and use case of what needs to be pitched to these other exchanges along with their user base, for making an intelligent business decision to integrate into the Open Ledger project and not use these other "closed source" side chain hack jobs.

could you be more specific? Are you talking about polo's UI?

[emailtooaj]

The poloniex wallet thread is a prime example and use case of what needs to be pitched to these other exchanges along with their user base, for making an intelligent business decision to integrate into the Open Ledger project and not use these other "closed source" side chain hack jobs.

[Akado]

I don't think Bitcoin only exchanges will be joining us, ...

Any particular reason? I thought Bitcoin only exchanges would be more amenable to joining as the competition is fierce and they can do on chain trading using BitUSD and BitBTC.

They seem to big atm. And if they only manage Bitcoin/Litecoin, they might not like alts, even though we are something completely different. What you said makes sense but most ppl seem to think only bitcoin is fine and discard all the other options. Guess time will tell.

It will only take OpenLedger to get more volume or for 1 or 2 new exchanges to join in I think, the rest will follow eventually or follow a similar path and join a competitor. It's really only a matter of time. The best thing we can do now is bring more volume to OpenLedger

[habeler]

I don't think Bitcoin only exchanges will be joining us, ...

Any particular reason? I thought Bitcoin only exchanges would be more amenable to joining as the competition is fierce and they can do on chain trading using BitUSD and BitBTC.

[Akado]

What about Yunbi?

Yunbi announced they are changing to bts 2.0.

What do you mean changing to bts 2.0?

Probably meant they are supporting 2.0 and not 1.0 anymore. If Yunbi  said it would join OpenLedger we would have probably heard it by now

[clout]

What about Yunbi?

Yunbi announced they are changing to bts 2.0.

What do you mean changing to bts 2.0?

[Akado]

Is this bad news for BTS?

It did not sound that way to me.  It doesn't sound like a transparent decentralized exchange.  Seems to be some private protocol that allows the big exchanges to xfer fund amongst themselves faster ....

i think its good news because it gives one more reason for others to join us

[jaran]

Is this bad news for BTS?

It did not sound that way to me.  It doesn't sound like a transparent decentralized exchange.  Seems to be some private protocol that allows the big exchanges to xfer fund amongst themselves faster ....

[kingjohal]

http://www.coindesk.com/blockstream-commercial-sidechain-bitcoin-exchanges/

Bitfinex, BTCC, Kraken are out. Guess other exchanges have now more reasons to join us in order to keep up! Not to mention we're now competing with Blockstream, that could give us some exposure

Is this bad news for BTS?

[Akado]

http://www.coindesk.com/blockstream-commercial-sidechain-bitcoin-exchanges/

Bitfinex, BTCC, Kraken are out. Guess other exchanges have now more reasons to join us in order to keep up! Not to mention we're now competing with Blockstream, that could give us some exposure

[Ander]

Bter would be logical choice because they got attacked this could change their image.

You know, that's true. I hadn't thought of it, because I agree with Ander that both Cryptsy and Bter have become junk. I wouldn't be that excited to partner with them. But the fact is that someone still uses those exchanges, so as long as they are going to operate honestly (a major 'if'), they could always bring that volume here. And maybe re-establish credibility.

No bter joining would only be bad PR for bitshares when they manage to screw it up somehow.