Ya I've been wondering about this order.
Its bid has been changing right?

Let me know if this is already discussed somewhere else.

So lets say I want to host a betting game for the next soccer match with Arsenal vs Man united.

So I issue a market pegged asset called 'Ars vs ManU'
I then function as the delegate and produce a price feed according to the outcome of the game.

I can allow people to bet that ManU will win or loose.
People can go long if they think ManU will win and Short if they think ManU will loose.
So if I price the asset at 1bitUSD to 1gameCoin. If the score is '1Ars : ManU 2' and ManU has won the match. I would change the price feed to 2bitUSD to 1gameCoin. So those who went long double their money. Vice-verse if ManU looses.

Have I got the basic idea or am I missing it.

HUGE!

http://finance.yahoo.com/news/danish-firm-ccedk-set-revolutionize-100000753.html

Awesome stuff. We are integrating with the tangible world.

A few questions I had from reading the press release.

"Yield. You can earn better yields with less risk than any place else in the world."

Where is this yield coming from. I thought yield would be removed in 2.0.

"Acceptance. You can spend your money instantly, anywhere major debit cards are accepted. We handle the conversions for you."

Did you say anywhere? would that not incure fees higher than that of a using a normal credit card.

Would you be able to credit these cards in the same way you can credit a normal credit card?

Im not following, is there a play client?

Something I have noticed is that a lot of people don't have any idea what "decentralized" really means or how it should operate. They seem to have some fanciful ideas that aren't based in social or economic realism and often seek to arbitrarily restrict certain parameters based on lack of true understanding about their nature. They go around projecting their limited understanding onto the world "outside", and end up either making a fool of themselves, or more often catalyzing others (who are equally unsure) towards greater chaos and confusion.

For people who truly understand the situation and aren't blinded by greed or self interest, the actions of Cryptonomix are only reinforcing something we already know. I had no problem with the original Cryptonomex proposal, hell I didn't even really object to the November merger, but no doubt I will be accused of being a blind and "uncritical" fanboy.

I would like to encourage everyone to consider that none of us "deserve" or are "entitled" to anything from our devs. Really, the only thing any of us "deserve" is the right to be compensated for our efforts. In BitShares history, they have never taken any of our money and explicitly offered something in return. Yet, once again they are now demonstrating a willingness to sacrifice their own time and energy (releasing all coding up to June 1st into public domain) for the greater good of the ecosystem. Are we ready to recognize that they, like the rest of us, have the right to be compensated for their labor?