Have I been reading correctly that the bitshares protocol is similar enough to bitcoin's to accept and transfer real BTC? If it is, why don't we make it so the bitshares client can accept actual BTC so users can trade it on the bitshares exchange.

This would eliminate a whole step of getting money into the bitshares ecosystem and would make bitshares exchange even more useful. You could even accept other popular cryptos in the same way (or not, but at least BTC), then it would be even an even more functional decentralized exchange.

This seems like a no brainer to me, am I missing something?

Yea I get you, not a ridiculous mindset, but I'm still sticking with my opinion. I really think it's too early for that approach.

Adoption is not low because people are confused by the concept of a decentralized exchange. It's low because they are confused about what we were and what we have been through. Protoshares then Bitshares PTS, AGS, BTSX,BTS, Keyhotee then KEY ID, New PTS, all the other DACS, I3, non inflating currency then no, wait, shareholder dilution, share drops, no share drops, the merger, etc.  In it's current state it's good, BTS the decentralized exchange is clear and simple, it's just all the other stuff that we have to shake off. Just stop changing things, it will only further confuse people.

Adoption is also low because the product currently sucks. The website sucks and the wallet sucks. Thankfully that's changing (I think), although wow, it has taken way too long.

I've said all I can, now all I can do is wait and hope you don't do it.

Please don't do this. It's fine as it is, a decentralized exchange for all different types of assets. People will understand that fine. Having 5 different websites that are all linked somehow will only confuse people MORE! Talk about causing the same problems with changing our image all over again. I'm getting confused just thinking about it. Even despite the image change I think this is a poor marketing tactic in general.

At most have a separate wallet/site for just bitUSD, but only do that once you're ready to focus on mass market adoption. At this point adopting bitUSD by itself is kind of stupid, because it is not useful anywhere, so you should still present the whole bitshares package until it is developed enough where bitUSD can be its own product.

I can't believe everyone thinks splitting up into five different websites is such a good idea.

Quote from: teenagecheese on January 09, 2015, 09:08:32 pm

I feel like not everyone is understanding me. Regardless of the technical definition of an actual exchange, what I meant was:

I want to be able to just send my bitcoin or dogecoin or whatever directly to my bitshares client and then use it to buy bitusd or maybe bts (and also the reverse, bitusd or bitshares to btc or dogecoin) without having to do any extra steps. It needs to be that convenient. Anything can happen in the background, I don't care, but I don't want to have to interact with a traditional exchange or gateway at all unless I am converting to or from actual fiat.

I think onceuponatime's link is sort of getting at what I'm saying, not totally sure. If so that's awesome.

Did you read today's update? I think it is close enough to what you are wishing for. Here it is:

https://bitsharestalk.org/index.php?topic=12317.15

Ok, made some good progress this week:

Set up another machine in order to test this process more correctly.
Tested sending BTC to the daemon address and correctly got BTS back out again.

Still working on the opposite way around, having some slight issues when the sender is not a registered bitshares account.

All in all, this is close to being the first releasable version! Once this outstanding bug is fixed and I can get some more testing done it will be ready to go!

Have a great weekend!

Cheers, Paul.

Onceuponatime, thanks. I've read it now. I think this is only sort of what I am talking about, still not as convenient. It doesn't sound like it would act as a traditional exchange from the user point of view, i.e., this wouldn't allow me to trade for btc within the bts client and then withdraw actual btc, directly from the bts client, whenever I wanted.

I feel like not everyone is understanding me. Regardless of the technical definition of an actual exchange, what I meant was:

I want to be able to just send my bitcoin or dogecoin or whatever directly to my bitshares client and then use it to buy bitusd or maybe bts (and also the reverse, bitusd or bitshares to btc or dogecoin) without having to do any extra steps. It needs to be that convenient. Anything can happen in the background, I don't care, but I don't want to have to interact with a traditional exchange or gateway at all unless I am converting to or from actual fiat.

I think onceuponatime's link is sort of getting at what I'm saying, not totally sure. If so that's awesome.

Thanks for the info. It sounds like soon the wallet will work as it should.

I know the focus is on the lightweight wallet, but what about the current full wallet? Is is being worked on? When will it be better, any approximate timeline?

For me at least, the full wallet is full of bugs, constantly loses connection, and takes a very long time to sync. It's nearly unusable and I want to use it to trade. This is not a good user experience for a first time user and it makes it much harder to provide liquidity.