Cassified
Assets under stability is misspelled.
Not sure if it was common knowledge and i just missed it. But the Forbes article eludes to 8 exchanges being involved in Openledge's network, which is in effect the Bitshares network! only 3 listed on the slide so in my mind we have many more ground breaking announcements to come :)
And a longer article just came out here at bitscan:OpenLedger the Most Powerful Crypto Financial Platform in the World
(https://bitscan.com/articles/openledger-the-most-powerful-crypto-financial-platform-in-the-world)
very good news!
but is it OpenLedger, Openledger or Open Ledger? there are some typos on the website regarding the name I guess.
Unlike most exchanges, you control your own private keys, so funds remain yours even when you’re trading with them. No one can reverse a transaction or freeze your account. Similarly, the exchange’s funds are all on the blockchain, totally transparently - so they can be audited by anyone, any time.
Amazingly cool. I'm struggling to keep up with all the innovations around here!
Unlike most exchanges, you control your own private keys, so funds remain yours even when you’re trading with them. No one can reverse a transaction or freeze your account. Similarly, the exchange’s funds are all on the blockchain, totally transparently - so they can be audited by anyone, any time.
The announcements are coming fast now! Thanks for waiting until I got the last of my money in, hehe.
Not sure if it was common knowledge and i just missed it. But the Forbes article eludes to 8 exchanges being involved in Openledge's network, which is in effect the Bitshares network! only 3 listed on the slide so in my mind we have many more ground breaking announcements to come :)
Yes, many have yet to announce, but there are 8 in the pipeline I have had at least some contact with at various stages of maturity. I guess BunkerDEX's long logo didn't fit on the viewgraph, but it should have been there...
We decided to reveal that hint early because of the high profile venue and Forbes coverage opportunity.
Good! +5%
Unfortunately the important for me #11 was spent on some so so announcement.
and BM spent his free time 'inventing' ass licking brownie points...in the same time he could have lowered the collateral on the current bitAssets to 100%, so they (and he/we) do not look so stupid and way from the peg, for all the newcomers that this good new bring.
A good one Ander, you made me laugh. +5%Good! +5%
Unfortunately the important for me #11 was spent on some so so announcement.
and BM spent his free time 'inventing' ass licking brownie points...in the same time he could have lowered the collateral on the current bitAssets to 100%, so they (and he/we) do not look so stupid and way from the peg, for all the newcomers that this good new bring.
Tony, you missed the great thing about brownies: The next time Bytemaster gets the irresistable urge to inflate the supply of something, he can do it to brownies instead of BTS. :P
Not sure if it was common knowledge and i just missed it. But the Forbes article eludes to 8 exchanges being involved in Openledge's network, which is in effect the Bitshares network! only 3 listed on the slide so in my mind we have many more ground breaking announcements to come :)
Yes, many have yet to announce, but there are 8 in the pipeline I have had at least some contact with at various stages of maturity. I guess BunkerDEX's long logo didn't fit on the viewgraph, but it should have been there...
We decided to reveal that hint early because of the high profile venue and Forbes coverage opportunity.
8 exchanges in the pipeline?
Please let one of them be poloniex, please! :)
Not sure if it was common knowledge and i just missed it. But the Forbes article eludes to 8 exchanges being involved in Openledge's network, which is in effect the Bitshares network! only 3 listed on the slide so in my mind we have many more ground breaking announcements to come :)
Yes, many have yet to announce, but there are 8 in the pipeline I have had at least some contact with at various stages of maturity. I guess BunkerDEX's long logo didn't fit on the viewgraph, but it should have been there...
We decided to reveal that hint early because of the high profile venue and Forbes coverage opportunity.
8 exchanges in the pipeline?
Please let one of them be poloniex, please! :)
Mostly new players.
Not sure if it was common knowledge and i just missed it. But the Forbes article eludes to 8 exchanges being involved in Openledge's network, which is in effect the Bitshares network! only 3 listed on the slide so in my mind we have many more ground breaking announcements to come :)
Yes, many have yet to announce, but there are 8 in the pipeline I have had at least some contact with at various stages of maturity. I guess BunkerDEX's long logo didn't fit on the viewgraph, but it should have been there...
We decided to reveal that hint early because of the high profile venue and Forbes coverage opportunity.
8 exchanges in the pipeline?
Please let one of them be poloniex, please! :)
Mostly new players.
Dang. You guys should keep trying to get poloniex on board. That would be worth as much as 8 other exchanges imo. ;)
Not sure if it was common knowledge and i just missed it. But the Forbes article eludes to 8 exchanges being involved in Openledge's network, which is in effect the Bitshares network! only 3 listed on the slide so in my mind we have many more ground breaking announcements to come :)
Yes, many have yet to announce, but there are 8 in the pipeline I have had at least some contact with at various stages of maturity. I guess BunkerDEX's long logo didn't fit on the viewgraph, but it should have been there...
We decided to reveal that hint early because of the high profile venue and Forbes coverage opportunity.
8 exchanges in the pipeline?
Please let one of them be poloniex, please! :)
Mostly new players.
Dang. You guys should keep trying to get poloniex on board. That would be worth as much as 8 other exchanges imo. ;)
It will happen in due time. Right know they are quite happy (full with themselves) with the new money coming from the margin trading.
It will happen in due time. Right know they are quite happy (full with themselves) with the new money coming from the margin trading.
Stan, is openledger trading market pegged assets or UIAs?
Nice Presentations!
QuoteUnlike most exchanges, you control your own private keys, so funds remain yours even when you’re trading with them. No one can reverse a transaction or freeze your account. Similarly, the exchange’s funds are all on the blockchain, totally transparently - so they can be audited by anyone, any time.
As I understand it the only way this could work is if when you deposit Bitcoin into CCEDK they give you a market pegged asset (BitBTC) in return on the BitShares blockchain. A UIA that represents BTC would become worthless if the exchange was goxxed.
Problems:
What if you deposit BTC and there is no BitBTC available to buy because no one is shorting it?
And what about for all the other altcoins where there is no volume to support a market pegged asset?
Also, what about the accusation that CCEDK as an exchange would then be operating on fractional reserves because they had to sell your BTC deposit for some derivative BitBTC that most maximalists dont want to believe even works?
No 30 day expiration in BitAssets 2.0. They only need to put collateral and
I would also like to know the answer to the question posed above, i guess if no
liquidity available for BitBTC i guess CCEDK could short to them selves but this
would obligate them to cover short within 30 days which could mean they have to
roll over shorts again.. i guess... would mean less Bitshares available on the
market as they would get tied up in collateral on the blockchain.
My Question is similar, if Altcoin trading is available via UIA this would meanYou are correct. But I don't think many altcoins will come. Those that will be
the underlying Altcoin would need to be held somewhere in order to honor the off
ramp (once you want your actual underlying altcoin back you trade your UIA to a
gateway in exchange for the altcoin it represents) meaning that solvency would
not be as visible as i first imagined given the altcoin's that the OpenLedger
network UIA represents will be in a separate blockchain and only represented by
a UIA on the Open Ledger network. further more what if the wallet holding the
altcoin is compromised?
I feel like a must be missing something here and hope someone has a explanationThe problem is manifold:
of the internals or some more in depth documentation of how this is working in
the backend. Don't get me wrong i love the idea but want to see how me holding
my own keys protects me from goxxing for non MPA as my keys only hold a UIA
which rely's on someone to exchange for the underlying actual asset
Nice Presentations!
Are the slides used in the presentation available or is there a video posted somewhere?
Nice Presentations!
Are the slides used in the presentation available or is there a video posted somewhere?
let me talk with Ronny ... he is currently on back trip from london. i'll get back to you asap!
No 30 day expiration in BitAssets 2.0. They only need to put collateral and
I would also like to know the answer to the question posed above, i guess if no
liquidity available for BitBTC i guess CCEDK could short to them selves but this
would obligate them to cover short within 30 days which could mean they have to
roll over shorts again.. i guess... would mean less Bitshares available on the
market as they would get tied up in collateral on the blockchain.
maintain enough collateral to never get margin called.QuoteMy Question is similar, if Altcoin trading is available via UIA this would meanYou are correct. But I don't think many altcoins will come. Those that will be
the underlying Altcoin would need to be held somewhere in order to honor the off
ramp (once you want your actual underlying altcoin back you trade your UIA to a
gateway in exchange for the altcoin it represents) meaning that solvency would
not be as visible as i first imagined given the altcoin's that the OpenLedger
network UIA represents will be in a separate blockchain and only represented by
a UIA on the Open Ledger network. further more what if the wallet holding the
altcoin is compromised?
available in OL should certainly be put into multisig coldstorage (which is btw,
not even supported my some shi*** altcoins)QuoteI feel like a must be missing something here and hope someone has a explanationThe problem is manifold:
of the internals or some more in depth documentation of how this is working in
the backend. Don't get me wrong i love the idea but want to see how me holding
my own keys protects me from goxxing for non MPA as my keys only hold a UIA
which rely's on someone to exchange for the underlying actual asset
Since the main purpose of a gateway is to exchange FIAT into bitFIAT, you can
have two ways, either exchange them directly, which would require the exchange
to hold bitFIAT in their reserves (no big deal with multisig corporate accounts)
and FIAT in the bank accounts (shouldn't be a big problem either, banks are
considered 'safe').
The other approach would be to issue IOUs for everything you trade on the
blockchain. Hence you send USD, and get OL.USD into your wallet and can trade
them anywhere. The exchange could make use of their extra powers over the IOU to
hold markets or withdraw stolen funds ... anyway, this approach is less consumer
friendly since you need 2 hops to get the asset you want: USD -> OL.USD ->
bitUSD.
I have a hard time understanding something about Openledger or any exchange powered by BitShares.OL can still issue IOUs (pretty mich the same thing as with every other exchange) and let users trade IOUs against any other asset in bts
I do understand how is possible to handle a trade between pairs like BitUSD/BTS on CCEDK if it's powered by BitShares because these are already in our platform.
The part I don't get is what is happening with all the other traded pairs ; BTC/ETH, XMR/QORA, EUR/BTC, ...
Are we going to produce BitXMR, BitETH, BitQORA in order to have activity on Openledger or other exchanges ?
I tried to figure it out by myself but I had to stop when my brain started to melt.
How do i log into my account, i can't see a place to put my username.Once you created you wallet .. it is stored in your browsers local storage .. That wallet then contains your account name and its funds (that's why you should make a backup!!!) ..
it keeps rotating on Loading Balance Claim when i click existing account.