The idea is very simple. Allow buy/sell orders to be placed at the feed price. These orders track with the feed price (or prices, in the case of two smartcoins). For safety, we could also have a minimum or maximum price (based on whether they are buying or selling) needed for the order to execute.

This would essentially allow the blockchain to act as a 0% spread conversion agent for any pair that includes at least one smartcoin. This is completely opt-in of course, so normal buy/sell orders can still be placed, and any standing tracked buy/sell orders will be matched with them as prices change, giving more liquidity that way too.

This seems like a no-brainer to me. What am I missing?

Hi aakashshiv,

There is nothing I can do here. You have to contact Bittrex Support in order to get your OPEN.STEEM back.

Hi unimercio, please add me on Skype at fluxanomaly627 and I'll be able to help you from there.

Openledger would not need to be trusted if they used bitAssets for their gateway instead of IOU, like transwiser does. BTS would still need to be traded against 1:1 pegged assets though to produce the price feed.

This doesn't make sense. Bitassets are a product of the Bitshares DAC, and are decentralized. How would a centralized exchange that is operating on the BTS DEX utilize Bitassets in a useful or profitable way that isn't already covered by the utility of the Bitassets themselves?

In other words, it doesn't make sense for OpenLedger to utilize Bitassets as a middle-man, because the whole point of Bitassets is to have stable, backed tokens without any middle-men.

What what account to which account?

If John is restarting efforts into IDentabit then I would guess that that information from 2015 is very outdated. I would just wait until more official information comes out.

For others wondering:
https://www.facebook.com/identabit

I sent to "bittrex-wallet" instead of "bittrex" because the client gave me an error for using "bittrex" - so did I send 25k Steem to someones personal account titled "bittrex-deposit" or?

Also, I just sent another 25k Steem under "withdrawel" function to my "bittrex" account and now it has just sit under "openledger-wallet" for over an hour.

Any thoughts or instructions?

Big thanks,
Michael

You seem to be very confused. You did not send to "bittrex-wallet", you sent to "bittrex-deposit", which is actually the wallet owned by bittrex, however like I said, you can't send OpenLedger IOUs directly to it.

What was the address you put in here?



if you entered "bittrex-deposit", did you put the correct memo as supplied by Bittrex?