BitShares Forum
Main => General Discussion => Topic started by: carpet ride on September 11, 2014, 03:12:00 am
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http://www.nytimes.com/2014/09/11/opinion/the-digital-wallet-revolution.html?_r=0
BM, can you comment on the idea that an app would search your digital wallet for the best currency by purchasing power?
How would BTS fit in and/or leverage this technology?
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It's sad that he's reporting Apple's late arrival to the NFC club as a "ground breaking" feature. Many people have been paying at registers for years with a swipe of their phone. I'm sure Apple will, again, retroactively claim credit for revolutionizing something everyone else had been using for a long time. I digress.
The author touches on a few key points that BitSharesX addresses. Namely his reference to the wallet picking the best asset to pay for an item. If there was ever a use for Pegged assets this is it. With the peg you'll always know exactly what the various assets are worth.
I don't see it as an app searches the wallet but the wallet references a feed or series of feeds to establish pegs to a common denominator and makes that knowledge "public" to other apps on the phone.
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I'm sure Apple will, again, retroactively claim credit for revolutionizing something everyone else had been using for a long time. I digress.
+5%
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http://www.nytimes.com/2014/09/11/opinion/the-digital-wallet-revolution.html?_r=0
BM, can you comment on the idea that an app would search your digital wallet for the best currency by purchasing power?
How would BTS fit in and/or leverage this technology?
If they are calling that an app then even I could write it. It's just an glorified sort algorithm.
Purchasing power could be determined by certain criteria and then Bitshares X could automatically rank all assets by purchasing power.