Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: Is the BitShareX useful to be a BTC-P2P-Exchange ?  (Read 802 times)

0 Members and 1 Guest are viewing this topic.

Offline willj

  • Newbie
  • *
  • Posts: 17
    • View Profile
Is the BitShareX useful to be a BTC-P2P-Exchange ?
« on: February 18, 2014, 04:05:09 AM »

What is BitShareX ?

BitShareX is a Decentralized Autonomous Bank.
BitShareX is a Decentralized Autonomous Exchange.
Maybe also:
BitShareX is a Decentralized Autonomous Futures Market.

I do not know(care) much about the Bank or Futures Market or other things.
I want to know, Is the BitShareX useful to be a BTC-P2P-Exchange ?
If Yes, how ?

e.g. Suppose all centralize BTC-Exchange is forbidden .
UserA want by BTC;
UserB want sell BTC;

How BitShareX can matching the request ?

Offline toast

Re: Is the BitShareX useful to be a BTC-P2P-Exchange ?
« Reply #1 on: February 18, 2014, 04:15:47 AM »
Since BTS and BTC are both crypto it is much harder to shut down all the centralized exchanges since they can provide the same service from any jurisdiction

Even without a centralized exchange the fact that BTS provides a global price for bts/btc means it is much easier to find someone to trade with in a decentralized manner since you only need to find *someone* willing to make a trade, not someone willing to make a trade at the price you want
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline alt

Re: Is the BitShareX useful to be a BTC-P2P-Exchange ?
« Reply #2 on: February 18, 2014, 04:39:29 AM »
3.1.7  Claim by Password
Used by cross chain trading, allows an output to be spent in one of two cases:  two signatures are provided or one signature and a password.   

yes, bts can trade cross chain, you can buy btc with your bts

Offline toast

Re: Is the BitShareX useful to be a BTC-P2P-Exchange ?
« Reply #3 on: February 18, 2014, 04:45:03 AM »
3.1.7  Claim by Password
Used by cross chain trading, allows an output to be spent in one of two cases:  two signatures are provided or one signature and a password.   

yes, bts can trade cross chain, you can buy btc with your bts

This is only if BTC's scripting language is extended to allow for checking for knowledge of a value "by the chain"
https://en.bitcoin.it/wiki/Atomic_cross-chain_trading
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

 

Google+