What you suggest would require integration with the whole financial infrastructure, the payment of mega-fees to the companies that control those exchanges, and all kinds of government securities and financial licensing. If BitShares gets into stocks, it would be with BitAPPLE and BitNIKE, etc., a layer of play money that the market would use to track such securities. And in fact, anyone can create their own UIAs within BitShares right now.
Fees:
Just a matter of contracting.
Licensing:
Yes, you get me right, I'm talking about BitAPLE and BitNIKE and goverment bonds and so on. Licensing is a just a contracting thing.
Are you familiar with CFDs and Options (like Knock-Outs, ...)? This is just the same thing. Play money just like BTC, LTC, Dollar and Euro
UIAs:
You're right, I think this "problem" can be resolved by simply adding a way to filter UIAs by issuer. Stock-Exchange-Gateway-User = Issuer of BitAPPLE, BitNIKE, ...
Am I missing something about gateways?
Something I'm missing: I can't find any statistics about the turnover of BTS on the BitShares' network.
No, the price feed is what ultimately makes sure that 1 BitUSD can be sold 1 USD. The article I linked above explains it nicely, there is a section about the price feed.
Such a stock exchange gateway would be possible. I'd say Bitshares would not have to get into any regulatory compliance procedure, just the gateway. Sounds like a nice idea and is definitely possible.
Are you familar with the difference between UIA and MPE?
As I understand it it would only take a (or multiple? how many?) trusted delegate to "feed" the "price" of an external asset (such as
NIKE) into the blockchain. And then the market pegged asset would come to "life". Doesn't understand the details yet, I'm just trying to get the big picture at the moment
I agree with you, the gateway would have to take care of licencing and banking regulations and deal with goverments(' financial departments).
An UIA is issued by a registered user, an MPE is the "price feed asset that magically comes to life". I hope I got it right
I must say it's not quite easy reading
It's not faith, it's a profit motive.
Prediction markets seek the truth
Well, I would've agreed with you 15 years ago. But that's another story and way off-topic.