BitShares Forum
Main => General Discussion => Topic started by: speedy on May 15, 2015, 09:20:52 pm
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Ive been thinking this for a while, wondering if its possible:
Would it be possible to create & market a bitcoin exchange website that takes Bitcoin deposits and immediately swaps them for BitBTC, using metaexchange or whatever? Then when the users are trading Bitcoin against $ they are really making orders on the BitBTC:BitUSD market.
Pros:
-Preexisting large userbase of BitShares users who can use that market.
-Once bond market is working, the website will have same features as BitFinex.
-Great for increasing usage of BitAssets
Cons:
-Website would have deposit & withdraw limits because it converts in & out of bitcoin (just like metaexchange).
-Some people might feel they are being cheated by this.
Ive been trying to think of ways that BitAssets could be used without people even realising it. People dont care what bank account their exchange stores dollars in as long as its safe. Might as well be BitShares. We need shortcuts to quickly sell our product.
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You mean the exchange's IOUs would be BitAssets? That's nice, as long as the peg can be maintained
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Ive been thinking this for a while, wondering if its possible:
Would it be possible to create & market a bitcoin exchange website that takes Bitcoin deposits and immediately swaps them for BitBTC, using metaexchange or whatever? Then when the users are trading Bitcoin against $ they are really making orders on the BitBTC:BitUSD market.
Pros:
-Preexisting large userbase of BitShares users who can use that market.
-Once bond market is working, the website will have same features as BitFinex.
-Great for increasing usage of BitAssets
Cons:
-Website would have deposit & withdraw limits because it converts in & out of bitcoin (just like metaexchange).
-Some people might feel they are being cheated by this.
Ive been trying to think of ways that BitAssets could be used without people even realising it. People dont care what bank account their exchange stores dollars in as long as its safe. Might as well be BitShares. We need shortcuts to quickly sell our product.
You want to create a bond market?