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General Discussion / Reinforcing Smartcoin Pegs Through Feed-Tracked Orders
« on: August 18, 2017, 03:06:31 pm »
The idea is very simple. Allow buy/sell orders to be placed at the feed price. These orders track with the feed price (or prices, in the case of two smartcoins). For safety, we could also have a minimum or maximum price (based on whether they are buying or selling) needed for the order to execute.
This would essentially allow the blockchain to act as a 0% spread conversion agent for any pair that includes at least one smartcoin. This is completely opt-in of course, so normal buy/sell orders can still be placed, and any standing tracked buy/sell orders will be matched with them as prices change, giving more liquidity that way too.
This seems like a no-brainer to me. What am I missing?
This would essentially allow the blockchain to act as a 0% spread conversion agent for any pair that includes at least one smartcoin. This is completely opt-in of course, so normal buy/sell orders can still be placed, and any standing tracked buy/sell orders will be matched with them as prices change, giving more liquidity that way too.
This seems like a no-brainer to me. What am I missing?