I found documentation about importing a bitcoin private key into bitshares
 http://docs.bitshares.org/muse/migration/howto-exporting-wallet-clients.html

If it is possible to have the same private key for both a bitcoin account and a bitshares account could you then use your bitshares account to sign bitcoin transactions?
 
I'm contemplating the concept of using a bitshares account to sign bitcoin transactions
You could also broadcast a bitcoin transaction by putting it in the memo and sending it to a specific account.
 Which would open up payment channels/lightning network

imagine 2 separate BTS accounts opening a bitcoin payment channel with each other
 and both re signing a new 2 of 2 transaction everytime a witness updates a feed price.
You could have a bitcoin payment channel contract between 2 bts account that would promise one of them $100 of bitcoin and the other $100 loan of bitcoin.

@erizo

The solution you crave is called sidechains. It's a concept thats been around a few years where you move BTC on to another chain.

Theres been alot of money and work directed at this approach and it may work one day.

Read all about it here: http://www.drivechain.info/

Was there a BSIP submitted for this proposal on github?

a) worker requests payment with bitUSD (keeping it simple is good)
b) reserve fund of BTS is used in entirety as collateral to create amount of bitUSD necessary for payouts (no fixed ratio)
c) fees set in bitUSD to pay off debt, also payable in BTS rate determined through price feed conversion that add to reserve fund collateral (no market use necessary)

if forced settling occurs for any reason, you still have BTS so nothing changes, keep borrowing to create only what's necessary

done

Hey this makes a lot of sense to me, others will argue with you.

Tricky bit would implementing it technically and getting it voted for.

Placing relative orders would be amazing.
Yes BTSbots can do this but it would be so much better built in to the exchange GUI using witness price feeds.

bump

Liquidity, market depth, volume

This is what all exchanges crave.

People will tend to trade on the exchange that have these in abundance, and it becomes a positive feedback loop.
Low fees aren't much good if the exchange has huge spreads.
We need market making bots run by as many people as possible and especially openledger themselves.
Anyone can run a MM bot using www.btsbots.com
I suggest we concentrate on Bitusd market pairs as USD is widely understood, held, used and is a smartcoin as apposed to a UIA.

To my eye there are too many options and selections to be made when depositing and withdrawing from the bithares dex.

I don't see the need for openledger to display gateways other than its own. It would greatly simplify things.

Gateways and Bridges are different operations but I don't see why they can't share the same GUI.
Specifically the blocktrades bridge GUI could serve as a gateway for openledger assets aswell.

The deposit/withdraw page could just be this:



Your thoughts?

https://www.pscp.tv/w/1YpJknevAnEGj

https://twitter.com/bitshares/status/866662993395941376