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General Discussion / Re: BTC/BitBTC bridge?
« on: May 18, 2016, 01:24:57 pm »
Hi guys!
I like what Stan said about centralized institution that withdrawals and deposits tokens on trusted network bitshares. The thing he maybe missed to say is that at the same moment, all deposit funds should be transparent to the whole world, but only the owner should be able to check and see his assets on that list. No one else should be able to connect them with owner but the owner himself with some password or sth like that.
One thing bitshares community need to start talking is a transparency as its weapon. There is so big difference between all other exchanges and bitshares exchange in this space. If you look it from investors perspective, we are the exchange they want and need. Polo, Bittrex, Yunbi... They do not provide data on orderbook participants, trade participants, ownership structure... This is where we need to attack. First thing to do for liquidity increase is to make data readable to investors. It is very hard now to track everything on bitshares network and it is the reason why we are losing traders. Second thing to do is to make dpos people in charge for deposit-withdrawal (just like a wallet) and make them as a director board of exchange. They can act as exchange and acceptall other exchanges as their brokers. That way all exchanges will merge their orderbook orders and market will gain liquidity. We should just make a template of rules that can exchange like polo, gatecoin or any other exchange fill and be able to join ther orderbook. Exchanges should become gateways for fiat and coins to bitshares network which can combine all orderbooks from all exchanges in one place...
I do have a technical specification for all this what I said, but have exactly 0 developer knowledge. I need help to transfer this kind of ideas into bitshares network and if there is anyone who likes this and is willing to start workig on it with me, feel free to pm me so we can start working on our assets..
Ps. Great job guys, really, bitshares is going into marvelous direction! Do not bother on price dump at the moment, look at the whole graph and see how trading volume is growing! Well done people!!
Sent from my D5803 using Tapatalk
I like what Stan said about centralized institution that withdrawals and deposits tokens on trusted network bitshares. The thing he maybe missed to say is that at the same moment, all deposit funds should be transparent to the whole world, but only the owner should be able to check and see his assets on that list. No one else should be able to connect them with owner but the owner himself with some password or sth like that.
One thing bitshares community need to start talking is a transparency as its weapon. There is so big difference between all other exchanges and bitshares exchange in this space. If you look it from investors perspective, we are the exchange they want and need. Polo, Bittrex, Yunbi... They do not provide data on orderbook participants, trade participants, ownership structure... This is where we need to attack. First thing to do for liquidity increase is to make data readable to investors. It is very hard now to track everything on bitshares network and it is the reason why we are losing traders. Second thing to do is to make dpos people in charge for deposit-withdrawal (just like a wallet) and make them as a director board of exchange. They can act as exchange and acceptall other exchanges as their brokers. That way all exchanges will merge their orderbook orders and market will gain liquidity. We should just make a template of rules that can exchange like polo, gatecoin or any other exchange fill and be able to join ther orderbook. Exchanges should become gateways for fiat and coins to bitshares network which can combine all orderbooks from all exchanges in one place...
I do have a technical specification for all this what I said, but have exactly 0 developer knowledge. I need help to transfer this kind of ideas into bitshares network and if there is anyone who likes this and is willing to start workig on it with me, feel free to pm me so we can start working on our assets..
Ps. Great job guys, really, bitshares is going into marvelous direction! Do not bother on price dump at the moment, look at the whole graph and see how trading volume is growing! Well done people!!
Sent from my D5803 using Tapatalk