Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
For someone running an exchange in South Africa, or to compete with mobile payment systems in South Africa such as SnapScan.There isn't any, which is exactly the problem and the reason why we're not seeing new market assets being created.Thanks, didnt know this. Though the market issued assets also had to be launched through some kind of payment.Your understanding was correct, they must first be created by someone paying the fee according to the name length, similar to user assets. Anyone can create a market asset, but because you'd want the symbol to be the same as the actual asset, you're generally looking at a three-letter symbol and thus a fee of 500k BTS.
Interesting, I thought fees were only for 'user issued assets'. And so such hefty fees for their creation made sense to prevent spam.
But what incentive is there for MrJeans, for example, to stump up for ZAR? It's a currency I'd quite like to trade. Why should I get a free ride (if only I'm patient enough to wait for someone else to find a spare 500k)?!
in what way does Bitshares prevent this from happening?decentralized solution to a centralized problem
Yes but to get the asset there in the first place?And from a purely academic point of view.
What would it take to add to the number of market pegged assets on the exchange?
I assume now that we sticking to the one blockchain to rule them all that new assets would simply be added to the current exchange.
Or would other assets need to be introduced on a forked blockchain with some kind of cross-chain trading?
I um, I believe, that when sufficient delegates provide price feeds for an asset pair, the market comes into being automatically.
