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Main => General Discussion => Topic started by: alt on February 03, 2015, 01:53:03 pm

Title: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 03, 2015, 01:53:03 pm: you can exchange any of these asset: BTS，USD，CNY，EUR，GOLD，SILVER，BTC，BOTSCNY
just transfer to account exchange.btsbots, with memo to claim what's you want to exchange
for a example, exchange CNY with USD,
Code: [Select]
wallet_transfer 0.88 USD baozi exchange.btsbots CNYplease test with a small amount, I have set a limit to 100 CNY, when you are over this limit, will give you a change
thanks for testing
Quote from: alt on February 03, 2015, 01:49:52 pm
现开放BTS内盘资产兑换服务，支持的资产包括：BTS，USD，CNY，EUR，GOLD，SILVER，BTC，BITYUAN

使用方法：
发送以上任意资产到 exchange.btsbots， memo 注明想兑换的资产，比如想用美元买人民币
Code: [Select]
wallet_transfer 0.88 USD baozi exchange.btsbots CNY
注意：
测试期间请小额测试，最大额度我设置为100CNY，超过部分会自动找零

欢迎大家使用，并提供建议 :)

You can also do it on the GUI . send the asset to exchange.btsbots with the memo of the asset you want .

(http://i2.tietuku.com/22e3ce1f0ce8f499.jpg)
Title: Re: BTS asset exchange launched
Post by: btswildpig on February 03, 2015, 01:54:42 pm: To sum up , this is essentially kind of like the BTS version of "shapeshift" inside of BTS wallet market . :P
Title: Re: BTS asset exchange launched
Post by: BunkerChainLabs-DataSecurityNode on February 03, 2015, 01:56:29 pm: Quote from: btswildpig on February 03, 2015, 01:54:42 pm
To sum up , this is essentially kind of like the BTS version of "shapeshift" inside of BTS wallet market . :P

+5% Thanks for simplifying :D
Title: Re: BTS asset exchange launched
Post by: Gentso1 on February 03, 2015, 02:03:33 pm: Quote from: DataSecurityNode on February 03, 2015, 01:56:29 pm
Quote from: btswildpig on February 03, 2015, 01:54:42 pm
To sum up , this is essentially kind of like the BTS version of "shapeshift" inside of BTS wallet market . :P

+5% Thanks for simplifying :D

very cool, lets try to keep as many of these transactions on the internal network as possible.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: xeroc on February 03, 2015, 02:17:54 pm: ha? why would I use a service for exchange when I can do the exchange in the market myself?
What's the use-case here?
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: tinker on February 03, 2015, 02:18:19 pm: +5% +5% +5%
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: cn-members on February 03, 2015, 02:20:43 pm: Quote from: xeroc ¯\_(ツ)_/¯ on February 03, 2015, 02:17:54 pm
ha? why would I use a service for exchange when I can do the exchange in the market myself?
What's the use-case here?

because you don't need to go to each of the exchange pair and think about the price .
It's done lazy guy style .
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: muse-umum on February 03, 2015, 02:38:02 pm: Quote from: xeroc ¯\_(ツ)_/¯ on February 03, 2015, 02:17:54 pm
ha? why would I use a service for exchange when I can do the exchange in the market myself?
What's the use-case here?

The awful wallet. The bitusd<--> bitcny market is not lived.

Buy bitbtc when you think btc will climb up and vice versa.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: Rune on February 03, 2015, 02:41:57 pm: Quote from: xeroc ¯\_(ツ)_/¯ on February 03, 2015, 02:17:54 pm
ha? why would I use a service for exchange when I can do the exchange in the market myself?
What's the use-case here?

This is factually really big. I had been hoping someone would make something like this, as it's a vital piece of infrastructure.

The light wallet cannot trade on the DEX. With a bridge like this then all light wallets have access to easy trading with market orders. Once the system has proven reliable I think the best of these services should be incorporated directly in the GUI of the light wallets. Over time a rating system and alert system can be put in to reduce risk, but at first our focus should be the immediate UX benefit this service has over using the DEX directly for casual traders.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: arhag on February 03, 2015, 02:46:58 pm: How about allowing the following syntax for the memo:
[<to-account>] [<target-asset-amount>] <target-asset-type>

The optional argument to-account is the BTS account name that you want the target asset to be sent to. If you omit this argument, exchange.btsbots will send the target asset back to the sender after conversion.

The argument target-asset-type is the BitAsset (or BTS) to convert to: BTS, USD, CNY, EUR, GOLD, SILVER, etc.

The optional argument target-asset-amount is a number which is the amount of the target-asset-type to convert the source-asset-type into. It also acts as a price limit. If it is not possible to convert the source amount into target-asset-amount quantity of target-asset-type given the current state of the market, then exchange.btsbots will simply return the source amount back to the sender (minus small transaction fee). If the amount sent is in excess (again after any fees) of the amount necessary to convert to target-asset-amount quantity of target-asset-type, then the remainder will be returned back to the sender.

This can essentially simulate Ripple's path finding algorithm (until it can eventually be built into the blockchain) if you are willing to accept the counterparty risk. It also (as Rune mentioned) allows light wallets to do limited forms of trades with BitAssets before the exchange code is made available for light wallets (again if they are willing to accept the counterparty risk).
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 03, 2015, 02:55:29 pm: Quote from: arhag on February 03, 2015, 02:46:58 pm
How about allowing the following syntax for the memo:
[<to-account | self>] [<target-asset-amount>] <target-asset-type>

The optional argument to-account is the BTS account name that you want the target asset to be sent to. You can also write "self" or not include anything at all, and it will send the target asset back to the sender after conversion.

The argument target-asset-type is the BitAsset (or BTS) to convert to: BTS, USD, CNY, EUR, GOLD, SILVER, etc.

The optional argument target-asset-amount is a number which is the amount of the target-asset-type to convert the source-asset-type into. It also acts as a price limit. If it is not possible to convert the source amount into target-asset-amount quantity of target-asset-type given the current state of the market, then exchange.btsbots will simply return the source amount back to the sender (minus small transaction fee). If the amount sent is in excess (again after any fees) of the amount necessary to convert to target-asset-amount quantity of target-asset-type, then the remainder will be returned back to the sender.

This can essentially simulate Ripple's path finding algorithm (until it can eventually be built into the blockchain) if you are willing to accept the counterparty risk. It also (as Rune mentioned) allows light wallets to limited forms of trades with BitAssets before the exchange code is made available for light wallets (again if they are willing to accept the counterparty risk).
it's a good idea
but I am afraid the memo is no so much
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: Rune on February 03, 2015, 02:59:23 pm: Also I think the most immediate awesome feature this could bring everyone directly in their wallet is if it can take BTC addresses in the memo and send BTC to them.

So if I want to send 100 bitUSD worth of BTC to the BTC address 1abcdefg...

Then I send 100 bitUSD to exchange.btsbots with 1abcdfeg in the memo. This won't even require you specify BTC because that is given from the address.

Bam, easiest way to pay for anything with bitcoin directly from your BTS wallet.

New memo can take 51 characters so it should be enough
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: arhag on February 03, 2015, 03:03:38 pm: Quote from: alt on February 03, 2015, 02:55:29 pm
it's a good idea
but I am afraid the memo is no so much

According to this (https://github.com/BitShares/bitshares/issues/1258), we will have 51 bytes. If we assume sending to self, that gives 3 characters to uniquely identify most BitAssets (BitGold -> GLD, BitSilver -> SLV), 1 character for the space, and 47 characters for the quantity (which is more than enough). If we assume that we won't typically need more than 8 characters for the quantity (say 4 characters for the digits before the dot and 3 characters for the digits after the dot), then that plus an extra space means that we have a whole 38 characters left over for the recipient BTS account name.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: xeroc on February 03, 2015, 03:24:22 pm: So then .. I should certainly add this service (also shapeshift) to the sidebar in reddit :)
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: roadscape on February 03, 2015, 03:26:43 pm: +5% this will be very useful!
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: fundomatic on February 03, 2015, 07:13:55 pm: Awesome,

just exchanged BTS into all the BitAssets you listed (except BITYUAN).

all went fast and smooth.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: donkeypong on February 03, 2015, 11:24:11 pm: Wow. Excellent work.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: ticklebiscuit on February 04, 2015, 12:40:14 am: This sbapeshift idea is very interesting.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 04, 2015, 12:41:04 am: don't support address now, I don't know if It can sent to address without add this address to contact list?
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 04, 2015, 01:15:34 am: here is a history list, spent about 2-20 seconds to complete a trade
Code: [Select]
2015-02-03T13:22:20 1693307 d4941f29 buy GOLD with 0.88 USD from wildpig 2015-02-03T13:24:40 1693321 ae5a360c buy USD with 1.2 CNY from metalallen 2015-02-03T13:26:05 1693330 a76752e1 sell 0.1902 USD to metalallen 2015-02-03T13:30:03 1693354 37e02ce7 sell 0.000377 GOLD to wildpig 2015-02-03T13:30:04 1693354 2c799b70 change 0.3901 USD to wildpig 2015-02-03T13:32:40 1693369 1dcdd369 buy GOLD with 0.88 USD from dorian 2015-02-03T13:32:49 1693370 2a2ad0b3 change 0.3906 USD to dorian 2015-02-03T13:32:49 1693370 3b2482af sell 0.000378 GOLD to dorian 2015-02-03T13:42:20 1693427 58b72942 buy USD with 2 CNY from icenox 2015-02-03T13:42:35 1693429 bd6f0473 sell 0.3171 USD to icenox 2015-02-03T14:13:40 1693615 b6a840bb buy USD with 0.5 CNY from marchliang 2015-02-03T14:13:53 1693617 5938565d sell 0.0793 USD to marchliang 2015-02-03T14:15:00 1693623 17398ca8 buy CNY with 0.1 USD from marchliang 2015-02-03T14:15:15 1693625 2d448fd7 sell 0.6214 CNY to marchliang 2015-02-03T18:50:30 1695263 6e434a37 buy USD with 100 BTS from fundomatic 2015-02-03T18:50:42 1695265 7f0b1e0d sell 1.032 USD to fundomatic 2015-02-03T18:54:20 1695286 fa0b370a buy CNY with 100 BTS from fundomatic 2015-02-03T18:54:20 1695287 e8247339 sell 6.463 CNY to fundomatic 2015-02-03T18:55:00 1695290 1941a37e buy EUR with 100 BTS from fundomatic 2015-02-03T18:55:04 1695292 643e41a2 sell 0.8978 EUR to fundomatic 2015-02-03T18:56:40 1695300 515fd696 buy GOLD with 100 BTS from fundomatic 2015-02-03T18:56:54 1695302 24b6f1ef sell 0.000804 GOLD to fundomatic 2015-02-03T18:58:30 1695311 43212b15 buy SILVER with 100 BTS from fundomatic 2015-02-03T18:58:32 1695312 947c518c sell 0.0587 SILVER to fundomatic 2015-02-03T18:59:50 1695319 1f1e5869 buy BTC with 100 BTS from fundomatic 2015-02-03T19:00:04 1695321 18ac9448 sell 0.004305 BTC to fundomatic 2015-02-03T19:53:20 1695640 fece5077 buy GOLD with 100 BTS from tmp1.btsbots 2015-02-04T00:23:10 1697257 a170ba48 buy USD with 100 CNY from btshuang 2015-02-04T00:23:26 1697259 345e5a64 sell 15.87 USD to btshuang 2015-02-04T00:28:00 1697286 aca9c55c buy USD with 100 CNY from btshuang 2015-02-04T00:28:02 1697287 588207f9 sell 15.86 USD to btshuang
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 04, 2015, 01:28:18 am: next, I'll try to find the best price order from wallet market, connect the market and this exchange service.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: metalallen on February 04, 2015, 01:37:50 am: Quote from: alt on February 04, 2015, 01:28:18 am
next, I'll try to find the best price order from wallet market, connect the market and this exchange service.

Go for it! +5% +5%
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: arhag on February 04, 2015, 01:46:25 am: Quote from: alt on February 04, 2015, 01:15:34 am
here is a history list, spent about 2-20 seconds to complete a trade
Code: [Select]
2015-02-03T13:22:20 1693307 d4941f29 buy GOLD with 0.88 USD from wildpig 2015-02-03T13:24:40 1693321 ae5a360c buy USD with 1.2 CNY from metalallen 2015-02-03T13:26:05 1693330 a76752e1 sell 0.1902 USD to metalallen 2015-02-03T13:30:03 1693354 37e02ce7 sell 0.000377 GOLD to wildpig 2015-02-03T13:30:04 1693354 2c799b70 change 0.3901 USD to wildpig 2015-02-03T13:32:40 1693369 1dcdd369 buy GOLD with 0.88 USD from dorian 2015-02-03T13:32:49 1693370 2a2ad0b3 change 0.3906 USD to dorian 2015-02-03T13:32:49 1693370 3b2482af sell 0.000378 GOLD to dorian 2015-02-03T13:42:20 1693427 58b72942 buy USD with 2 CNY from icenox 2015-02-03T13:42:35 1693429 bd6f0473 sell 0.3171 USD to icenox 2015-02-03T14:13:40 1693615 b6a840bb buy USD with 0.5 CNY from marchliang 2015-02-03T14:13:53 1693617 5938565d sell 0.0793 USD to marchliang 2015-02-03T14:15:00 1693623 17398ca8 buy CNY with 0.1 USD from marchliang 2015-02-03T14:15:15 1693625 2d448fd7 sell 0.6214 CNY to marchliang 2015-02-03T18:50:30 1695263 6e434a37 buy USD with 100 BTS from fundomatic 2015-02-03T18:50:42 1695265 7f0b1e0d sell 1.032 USD to fundomatic 2015-02-03T18:54:20 1695286 fa0b370a buy CNY with 100 BTS from fundomatic 2015-02-03T18:54:20 1695287 e8247339 sell 6.463 CNY to fundomatic 2015-02-03T18:55:00 1695290 1941a37e buy EUR with 100 BTS from fundomatic 2015-02-03T18:55:04 1695292 643e41a2 sell 0.8978 EUR to fundomatic 2015-02-03T18:56:40 1695300 515fd696 buy GOLD with 100 BTS from fundomatic 2015-02-03T18:56:54 1695302 24b6f1ef sell 0.000804 GOLD to fundomatic 2015-02-03T18:58:30 1695311 43212b15 buy SILVER with 100 BTS from fundomatic 2015-02-03T18:58:32 1695312 947c518c sell 0.0587 SILVER to fundomatic 2015-02-03T18:59:50 1695319 1f1e5869 buy BTC with 100 BTS from fundomatic 2015-02-03T19:00:04 1695321 18ac9448 sell 0.004305 BTC to fundomatic 2015-02-03T19:53:20 1695640 fece5077 buy GOLD with 100 BTS from tmp1.btsbots 2015-02-04T00:23:10 1697257 a170ba48 buy USD with 100 CNY from btshuang 2015-02-04T00:23:26 1697259 345e5a64 sell 15.87 USD to btshuang 2015-02-04T00:28:00 1697286 aca9c55c buy USD with 100 CNY from btshuang 2015-02-04T00:28:02 1697287 588207f9 sell 15.86 USD to btshuang

How do you determine how much of the order to fulfill (and in what time limits, since I noticed wildpig's gold order took 8 minutes to partially be fulfilled)? I noticed that the orders purchasing GOLD with USD are partially filled (presumably because those markets are not very liquid?) and the rest is returned as change. Also, what do you think about instead combining the partial fill returns and the change into a single transaction, just to make things simpler in the user's transaction history (plus it saves you an extra transaction fee)?
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 04, 2015, 01:55:11 am: Quote from: arhag on February 04, 2015, 01:46:25 am
Quote from: alt on February 04, 2015, 01:15:34 am
here is a history list, spent about 2-20 seconds to complete a trade
Code: [Select]
2015-02-03T13:22:20 1693307 d4941f29 buy GOLD with 0.88 USD from wildpig 2015-02-03T13:24:40 1693321 ae5a360c buy USD with 1.2 CNY from metalallen 2015-02-03T13:26:05 1693330 a76752e1 sell 0.1902 USD to metalallen 2015-02-03T13:30:03 1693354 37e02ce7 sell 0.000377 GOLD to wildpig 2015-02-03T13:30:04 1693354 2c799b70 change 0.3901 USD to wildpig 2015-02-03T13:32:40 1693369 1dcdd369 buy GOLD with 0.88 USD from dorian 2015-02-03T13:32:49 1693370 2a2ad0b3 change 0.3906 USD to dorian 2015-02-03T13:32:49 1693370 3b2482af sell 0.000378 GOLD to dorian 2015-02-03T13:42:20 1693427 58b72942 buy USD with 2 CNY from icenox 2015-02-03T13:42:35 1693429 bd6f0473 sell 0.3171 USD to icenox 2015-02-03T14:13:40 1693615 b6a840bb buy USD with 0.5 CNY from marchliang 2015-02-03T14:13:53 1693617 5938565d sell 0.0793 USD to marchliang 2015-02-03T14:15:00 1693623 17398ca8 buy CNY with 0.1 USD from marchliang 2015-02-03T14:15:15 1693625 2d448fd7 sell 0.6214 CNY to marchliang 2015-02-03T18:50:30 1695263 6e434a37 buy USD with 100 BTS from fundomatic 2015-02-03T18:50:42 1695265 7f0b1e0d sell 1.032 USD to fundomatic 2015-02-03T18:54:20 1695286 fa0b370a buy CNY with 100 BTS from fundomatic 2015-02-03T18:54:20 1695287 e8247339 sell 6.463 CNY to fundomatic 2015-02-03T18:55:00 1695290 1941a37e buy EUR with 100 BTS from fundomatic 2015-02-03T18:55:04 1695292 643e41a2 sell 0.8978 EUR to fundomatic 2015-02-03T18:56:40 1695300 515fd696 buy GOLD with 100 BTS from fundomatic 2015-02-03T18:56:54 1695302 24b6f1ef sell 0.000804 GOLD to fundomatic 2015-02-03T18:58:30 1695311 43212b15 buy SILVER with 100 BTS from fundomatic 2015-02-03T18:58:32 1695312 947c518c sell 0.0587 SILVER to fundomatic 2015-02-03T18:59:50 1695319 1f1e5869 buy BTC with 100 BTS from fundomatic 2015-02-03T19:00:04 1695321 18ac9448 sell 0.004305 BTC to fundomatic 2015-02-03T19:53:20 1695640 fece5077 buy GOLD with 100 BTS from tmp1.btsbots 2015-02-04T00:23:10 1697257 a170ba48 buy USD with 100 CNY from btshuang 2015-02-04T00:23:26 1697259 345e5a64 sell 15.87 USD to btshuang 2015-02-04T00:28:00 1697286 aca9c55c buy USD with 100 CNY from btshuang 2015-02-04T00:28:02 1697287 588207f9 sell 15.86 USD to btshuang

How do you determine how much of the order to fulfill (and in what time limits)? I noticed that a lot of the orders with GOLD are partially filled (presumably because those markets are not very liquid?) and the rest is returned as change. Also, what do you think instead combining the partial fill returns and the change into a single transaction, just to make things simpler in the user's transaction history (plus it saves you an extra transaction fee)?
that's for test, I set the max limit to 3 CNY at that moment. now I have change the limit to 100 CNY.
I don't know how to sent return and change in a single transaction, can you tell me? that will be very helpfull
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: arhag on February 04, 2015, 02:20:35 am: Quote from: alt on February 04, 2015, 01:55:11 am
I don't know how to sent return and change in a single transaction, can you tell me? that will be very helpfull

Oh, I assumed you already knew how to do it because you did it with the bid and ask orders with BTSBOTS (https://bitsharestalk.org/index.php?topic=12289.msg164521#msg164521). But I see that the wallet_market_batch_update command only applies to market orders.

I am confident that the blockchain supports an arbitrary number of deposit and withdrawal operations within a single transaction (as long as the transaction size doesn't exceed limits), but I guess there isn't support to build such a transaction through the client RPC interface as of now. So it is in theory possible to custom build a JSON of such a transaction, then use the wallet_builder_add_signature command to sign and broadcast it, but that is a lot of effort so forget it (unless you want to!). I also wonder how the full client would visualize such a transaction in the transaction history.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: bitmarket on February 04, 2015, 04:35:09 am: This is a great tool for lite wallet clients. the speed with which things are happening and coming online has me very excited.
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: mike623317 on February 04, 2015, 04:45:13 am: That is really something. Good job
+5% +5%
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 06, 2015, 04:49:55 pm: got a web page now, thanks @abit verymuch
http://btsx.bitsuperlab.com/exchange.html
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: xeroc on February 06, 2015, 04:51:10 pm: Quote from: alt on February 06, 2015, 04:49:55 pm
got a web page now, thanks @abit verymuch
http://btsx.bitsuperlab.com/exchange.html
Coool .. but why the "x" in the subdomain? .. how about
bridge.bitsuperlab.com?
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 06, 2015, 05:07:28 pm: Quote from: xeroc ¯\_(ツ)_/¯ on February 06, 2015, 04:51:10 pm
Quote from: alt on February 06, 2015, 04:49:55 pm
got a web page now, thanks @abit verymuch
http://btsx.bitsuperlab.com/exchange.html
Coool .. but why the "x" in the subdomain? .. how about
bridge.bitsuperlab.com?
:P very ugly now, this just for test
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: clayop on February 06, 2015, 06:09:09 pm: Awesome work! Once gateways join into Bitshares, their IOUs can be added in your exchange.
The site is very simple now... maybe needs @cass 's hand?

PS. Can you add price switching button?
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 07, 2015, 01:40:54 am: Quote from: clayop on February 06, 2015, 06:09:09 pm
Awesome work! Once gateways join into Bitshares, their IOUs can be added in your exchange.
The site is very simple now... maybe needs @cass 's hand?

PS. Can you add price switching button?
yes, I should ask cass's help early. wish he still have time, so many project need cass.
I have much more tasks to implement at this exchange,
there will be heavy work at web development
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: joele on February 07, 2015, 01:54:19 am: Quote from: Rune on February 03, 2015, 02:41:57 pm
Quote from: xeroc ¯\_(ツ)_/¯ on February 03, 2015, 02:17:54 pm
ha? why would I use a service for exchange when I can do the exchange in the market myself?
What's the use-case here?

This is factually really big. I had been hoping someone would make something like this, as it's a vital piece of infrastructure.

The light wallet cannot trade on the DEX. With a bridge like this then all light wallets have access to easy trading with market orders. Once the system has proven reliable I think the best of these services should be incorporated directly in the GUI of the light wallets. Over time a rating system and alert system can be put in to reduce risk, but at first our focus should be the immediate UX benefit this service has over using the DEX directly for casual traders.
+5%
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 12, 2015, 05:47:54 am: support price limit exchange with BTS now,
http://btsx.bitsuperlab.com:8000/auction

trade engine will excute every 4 hours, if your order is match, you will get balance,
if not, your order will enter next round, until 24 hours later, you will get your balance return.

if you want to sell BTS at price more than 0.055, transfer BTS to auction.btsbots, the memo is the price(CNY/BTS) limit,
when your order match, you will get BOTSCNY
Code: [Select]
wallet_transfer 10 BTS baozi auction.btsbots 0.055if you want to buy BTS at price less than 0.056, transfer USD,CNY,EUR,GOLD,SILVER,or BOTSCNY to auction.btsbots, with price limit
Code: [Select]
wallet_transfer 1 USD baozi auction.btsbots 0.056
Title: Re: BTS asset exchange launched(Alt's version of "shapeshift" for BTS assets )
Post by: alt on February 12, 2015, 05:49:43 am: there is an ask order at price 0.01 CNY/BTS now, and the end time is 07:30:00