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Smartcoins can represent the fiat based portions of Bitassets. So it's a subset of the Bitasset class. By defining the different classes you more easily market to different segments.
Residents from the following countries may order cards, but may not raise card limits to level 2: Afghanistan, Albania, Algeria, Angola, Cambodia, Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Democratic People's Republic of Korea, Lao People's Democratic Republic, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Romania, Sudan, Syrian Arab Republic, Uganda, United States and Minor Outlying Islands, Yemen, Zimbabwe.
Quote from: karnal on June 10, 2015, 08:23:33 amQuote from: fav on June 10, 2015, 06:34:08 amI like the SmartCoin name. it's something non-crypto people can associate with.To give but a few examples, HANGSENG, OIL and GOLD do not fit the mold of 'coin' very well.BitAsset was more neutral and expansive.Arguably, it also sounded better. You can think of SmartCoins as a consumer-friendly brand name for a class of BitAssets.
Quote from: fav on June 10, 2015, 06:34:08 amI like the SmartCoin name. it's something non-crypto people can associate with.To give but a few examples, HANGSENG, OIL and GOLD do not fit the mold of 'coin' very well.BitAsset was more neutral and expansive.Arguably, it also sounded better.
I like the SmartCoin name. it's something non-crypto people can associate with.
And, what else do you need to begin working on making a UnionPay card available?If you guys want to capture that market, you gotta act now!
Do you have an idea when the bitEUR/USD/CNY cards will be available?
Other than that, will the NanoCard take advantage of https://bitshares.github.io/technology/recurring-and-scheduled-payments/ ?
Thanks very much for your comments, I appreciate them all, sorry for not getting back to you any earlier..How about calling it like this:A SmartCoin™ Debit NanoCard MasterCard with no volatility risk – A possible Gamechanger! - http://www.reddit.com/r/BitShares/comments/394zoc/a_smartcoin_debit_nanocard_mastercard_with_no/
Quote from: xeroc on June 09, 2015, 02:30:16 pmQuote from: Permie on June 09, 2015, 02:19:54 pmSome kind of UIA backed by the trust that a group of elected delegates/oracles will sign the appropriate multisig transaction to issue profits to investors?Sound great but may come with legal difficulties depending on the operating country ..maybe also add @Shentist and @monsterer to that discussion ..Thats right. I considered doing this but I'm really just not interested in the legal headache it might require. I'm sure someone will eventually though.Quote from: xeroc on June 09, 2015, 02:06:38 pmQuote from: Permie on June 09, 2015, 02:03:28 pmDo you know how one could arbitrage CCEDK against the DEX?I'm looking for instructions that shareholders can followI am not a trader .. maybe @riverhead or @xeldal can help out here .. afaik they run market makers on the DEXThe obvious Arb routes (that involve the DEX) I'm seeing are:CCEDK_buy(BitUSD:USD) => DEX_buy(BTS:BitUSD) => CCEDK_sell(BTS:USD)CCEDK_buy(BitEUR:EUR) => DEX_buy(BTS:BitEUR) => CCEDK_sell(BTS:EUR)and the reverse of eachThere are other routes that don't involve the DEX of course and others that arn't true arbitrage, but "close enough".
Quote from: Permie on June 09, 2015, 02:19:54 pmSome kind of UIA backed by the trust that a group of elected delegates/oracles will sign the appropriate multisig transaction to issue profits to investors?Sound great but may come with legal difficulties depending on the operating country ..maybe also add @Shentist and @monsterer to that discussion ..
Some kind of UIA backed by the trust that a group of elected delegates/oracles will sign the appropriate multisig transaction to issue profits to investors?
Quote from: Permie on June 09, 2015, 02:03:28 pmDo you know how one could arbitrage CCEDK against the DEX?I'm looking for instructions that shareholders can followI am not a trader .. maybe @riverhead or @xeldal can help out here .. afaik they run market makers on the DEX
Do you know how one could arbitrage CCEDK against the DEX?I'm looking for instructions that shareholders can follow
Quote from: Permie on June 09, 2015, 02:03:28 pmDo you know how one could arbitrage CCEDK against the DEX?I'm looking for instructions that shareholders can followI am not a trader .. maybe @riverhead or @xeldal can help out here .. afaik they run market makers on the DEXQuoteAlso, unless I'm missing something I can't see much volume for EUR on the internal exchange using bitsharesblocks.comIs that normal?Ehm .. yhea .. for bitEUR that is still "normal" ... there are bitassets that are traded alot like CNY and USD .. and there are all the others .. liquidity is still an issue ..But a DEX arbitrage would help .. Maybe I can put some funds forward to this too when back from vacation ..
Also, unless I'm missing something I can't see much volume for EUR on the internal exchange using bitsharesblocks.comIs that normal?
BAM:Double BAM:
When we reach the point where the card needs produced, we can call it whatever the bitshares holders would prefer to be creating the biggest impact on the use of it to the whole world, so we will have some fun getting proper name figured out
Quote from: ccedk on June 09, 2015, 09:14:03 amHow about calling it like this:A SmartCoin™ Debit NanoCard MasterCard with no volatility risk – A possible Gamechanger! - http://www.reddit.com/r/BitShares/comments/394zoc/a_smartcoin_debit_nanocard_mastercard_with_no/why not just:A SmartCoin-STABLE™ Debit Nano-MasterCard
How about calling it like this:A SmartCoin™ Debit NanoCard MasterCard with no volatility risk – A possible Gamechanger! - http://www.reddit.com/r/BitShares/comments/394zoc/a_smartcoin_debit_nanocard_mastercard_with_no/
Great!And it will be excellent, if you support Unionpay or Alipay. This will open the door to moon!
Quote from: ccedk on June 07, 2015, 01:55:13 pmPart of the reason for a danish website with a chinese interface is becasue we would love to show the chinese community that we want them onboard. I hope the new banking contact will make it possible to bring CNY quickly and with low cost to the exhange as well, but lets see what @btswildpig finds out.I know also it is planned to add possibility of the card to be denominated not only in EUR and USD but also in CNY, and that would be on both the bitcoin as well as the BITUSD NanoCard.I think that's the right direction. CNY is big in crypto, not just BitShares. When are you expecting news from the banking contact?Quote from: ccedk on June 07, 2015, 01:55:13 pmany work via Unionpay will have to come a little later, but no doubt we are already looking into this as well, we just cant do all at once, sadly but true.That's alright. With a bitXXX card you guys are already ahead of any other exchange I personally know of. Things seem to be moving in the right direction.Quote from: ccedk on June 07, 2015, 01:55:13 pmIs mastercard not as widely used as unionpay in China? otherwise I see a BitCNY Debit Nanocard issued by Mastercard a potentially strong possibility soon.In my (limited) experience, I've always had more luck with VISA than MC in China. But in terms of coverage and fees, UnionPay takes the cake.I heard it is like this in many countries in the vicinity as well.Either way, IME, it's undeniable that UnionPay is the better choice in the region (coverage/fees).As a plus, UnionPay is already accepted in many places in Europe too.
Part of the reason for a danish website with a chinese interface is becasue we would love to show the chinese community that we want them onboard. I hope the new banking contact will make it possible to bring CNY quickly and with low cost to the exhange as well, but lets see what @btswildpig finds out.I know also it is planned to add possibility of the card to be denominated not only in EUR and USD but also in CNY, and that would be on both the bitcoin as well as the BITUSD NanoCard.
any work via Unionpay will have to come a little later, but no doubt we are already looking into this as well, we just cant do all at once, sadly but true.
Is mastercard not as widely used as unionpay in China? otherwise I see a BitCNY Debit Nanocard issued by Mastercard a potentially strong possibility soon.
Lets not forget that a sizeable portion of our community logs in from 中国, so a bitCNY card via UnionPay would be awesome!The Chinese community here is and will continue to be part of our continued success. Keep up the good work everyone!!
Quote from: karnal on June 07, 2015, 01:14:50 pm@ccedk: Any chance you could work with UnionPay as well for these cards in the future?It's a big thing in Asia.As I say on the about page on CCEDK, the SKY is the Limit, so lets see what we can do in coming months
@ccedk: Any chance you could work with UnionPay as well for these cards in the future?It's a big thing in Asia.
Quote from: xeroc ¯\_(ツ)_/¯ on June 07, 2015, 12:52:27 pmQuote from: ccedk on June 07, 2015, 12:31:38 pmWe do need all Bitshares member's support to make this happen, as it has a lot to do with the ongoing trading activity of the bit asset pair BITUSD in particular but also the other two BITEUR and BITCNY, and ofcourse the Bitshares traded back and forth in EUR and USD.Could you elaborate? What are the requirements for this to happen?When can we see a EUR card?If we have a NanoCard supported by bitcoin denominated in both EUR and USD, I have a feeling it could be the same option with a NanoCard supported by BitUSD then denominated in USD and EURAnd then it is only a question of getting the trading activity started on CCEDK.At least for the time being I prefer not to tell you the minimum amount needed in terms of liquidity needed on exchange on an ongoing basis, but is far from unlikely we could reach this within the next few weeks if community supports the introduction in best way possible. We will from CCEDK side support the community in all the ways possible to bring it up there as well.
Quote from: ccedk on June 07, 2015, 12:31:38 pmWe do need all Bitshares member's support to make this happen, as it has a lot to do with the ongoing trading activity of the bit asset pair BITUSD in particular but also the other two BITEUR and BITCNY, and ofcourse the Bitshares traded back and forth in EUR and USD.Could you elaborate? What are the requirements for this to happen?When can we see a EUR card?
We do need all Bitshares member's support to make this happen, as it has a lot to do with the ongoing trading activity of the bit asset pair BITUSD in particular but also the other two BITEUR and BITCNY, and ofcourse the Bitshares traded back and forth in EUR and USD.
Quote from: karnal on May 24, 2015, 01:03:25 pmImagine the publicity....Oh I imagine it VERY well....
Imagine the publicity....
Much lol @clains
It would...and you know what would go really well with it?Built-in direct debit in the bitshares protocol, such that the provider of the card can instruct their systems to debit your account (built-in daily withdrawals limit and max amount per transaction included!), pending approval by the user.That way, no more need to send crypto to the cryptocard company to fund the card..Maybe it's just me, but... EDIT: Also good for other kind of services, like monthly recurring bills and what not.. but yeah, I originally thought about this in a card context.I'd probably never use a normal bank card again.. imagine having debitcard.$yourname and the direct debit order there, where you can specify a) the source account that can issue a debit b) total max daily value and c) max value per transaction.The funds would be safe in YOUR account, instead of the company. For maximum security it should also be possible to SUSPEND the authorization, such that you would only enable it when you know you'll be using the card ..
Quote from: karnal on May 23, 2015, 12:42:31 pmIt would...and you know what would go really well with it?Built-in direct debit in the bitshares protocol, such that the provider of the card can instruct their systems to debit your account (built-in daily withdrawals limit and max amount per transaction included!), pending approval by the user.That way, no more need to send crypto to the cryptocard company to fund the card..Maybe it's just me, but... EDIT: Also good for other kind of services, like monthly recurring bills and what not.. but yeah, I originally thought about this in a card context.I'd probably never use a normal bank card again.. imagine having debitcard.$yourname and the direct debit order there, where you can specify a) the source account that can issue a debit b) total max daily value and c) max value per transaction.The funds would be safe in YOUR account, instead of the company. For maximum security it should also be possible to SUSPEND the authorization, such that you would only enable it when you know you'll be using the card .. I would go so far as to think that you are not the first to have this idea .. But who knows
Quote from: favdesu on May 22, 2015, 07:27:58 amhttps://twitter.com/CCEDK_/status/601190973021003776they will issue NanoCard.eu with bitcoin support later this year I guess, and are openly asking cryptocommunites for their input. if you can, answer their question in above mentioned tweet!nanocard @ ccedk can already be ordered .. and devs have been made aware of that opportunity elsewhere already ..But i totally agree ... bitUSD via Mastercard would be .. mindblowing!
https://twitter.com/CCEDK_/status/601190973021003776they will issue NanoCard.eu with bitcoin support later this year I guess, and are openly asking cryptocommunites for their input. if you can, answer their question in above mentioned tweet!
Quote from: xeroc ¯\_(ツ)_/¯ on May 22, 2015, 07:29:33 amQuote from: favdesu on May 22, 2015, 07:27:58 amhttps://twitter.com/CCEDK_/status/601190973021003776they will issue NanoCard.eu with bitcoin support later this year I guess, and are openly asking cryptocommunites for their input. if you can, answer their question in above mentioned tweet!nanocard @ ccedk can already be ordered .. and devs have been made aware of that opportunity elsewhere already ..But i totally agree ... bitUSD via Mastercard would be .. mindblowing!you can? thought it's just some pre-order stuff for now.Anyways, we should show them that we want it!