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Offline carpet ride

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NYTimes Article on Digital Currencies & I6
« on: September 11, 2014, 03:12:00 AM »

http://www.nytimes.com/2014/09/11/opinion/the-digital-wallet-revolution.html?_r=0

BM, can you comment on the idea that an app would search your digital wallet for the best currency by purchasing power? 

How would BTS fit in and/or leverage this technology?
« Last Edit: September 11, 2014, 03:17:17 AM by bed »
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Offline Riverhead

Re: NYTimes Article on Digital Currencies & I6
« Reply #1 on: September 11, 2014, 03:34:27 AM »
It's sad that he's reporting Apple's late arrival to the NFC club as a "ground breaking" feature. Many people have been paying at registers for years with a swipe of their phone. I'm sure Apple will, again, retroactively claim credit for revolutionizing something everyone else had been using for a long time. I digress.


The author touches on a few key points that BitSharesX addresses.  Namely his reference to the wallet picking the best asset to pay for an item. If there was ever a use for Pegged assets this is it. With the peg you'll always know exactly what the various assets are worth.


I don't see it as an app searches the wallet but the wallet references a feed or series of feeds to establish pegs to a common denominator and makes that knowledge "public" to other apps on the phone.

Offline tonyk

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Re: NYTimes Article on Digital Currencies & I6
« Reply #2 on: September 11, 2014, 03:43:38 AM »
I'm sure Apple will, again, retroactively claim credit for revolutionizing something everyone else had been using for a long time. I digress.

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Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline luckybit

Re: NYTimes Article on Digital Currencies & I6
« Reply #3 on: September 11, 2014, 01:43:42 PM »
http://www.nytimes.com/2014/09/11/opinion/the-digital-wallet-revolution.html?_r=0

BM, can you comment on the idea that an app would search your digital wallet for the best currency by purchasing power? 

How would BTS fit in and/or leverage this technology?

If they are calling that an app then even I could write it. It's just an glorified sort algorithm.

Purchasing power could be determined by certain criteria and then Bitshares X could automatically rank all assets by purchasing power.
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