BitShares Forum
Main => General Discussion => Topic started by: willj on February 18, 2014, 04:05:09 am
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What is BitShareX ?
BitShareX is a Decentralized Autonomous Bank.
BitShareX is a Decentralized Autonomous Exchange.
Maybe also:
BitShareX is a Decentralized Autonomous Futures Market.
I do not know(care) much about the Bank or Futures Market or other things.
I want to know, Is the BitShareX useful to be a BTC-P2P-Exchange ?
If Yes, how ?
e.g. Suppose all centralize BTC-Exchange is forbidden .
UserA want by BTC;
UserB want sell BTC;
How BitShareX can matching the request ?
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Since BTS and BTC are both crypto it is much harder to shut down all the centralized exchanges since they can provide the same service from any jurisdiction
Even without a centralized exchange the fact that BTS provides a global price for bts/btc means it is much easier to find someone to trade with in a decentralized manner since you only need to find *someone* willing to make a trade, not someone willing to make a trade at the price you want
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3.1.7 Claim by Password
Used by cross chain trading, allows an output to be spent in one of two cases: two signatures are provided or one signature and a password.
yes, bts can trade cross chain, you can buy btc with your bts
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3.1.7 Claim by Password
Used by cross chain trading, allows an output to be spent in one of two cases: two signatures are provided or one signature and a password.
yes, bts can trade cross chain, you can buy btc with your bts
This is only if BTC's scripting language is extended to allow for checking for knowledge of a value "by the chain"
https://en.bitcoin.it/wiki/Atomic_cross-chain_trading