ANNOUNCEMENT 12 - Open Ledger Debuts Today - * Forbes Article *

Started by Stan, September 16, 2015, 01:55:22 PM

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Ander

The announcements are coming fast now!  Thanks for waiting until I got the last of my money in, hehe.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

speedy

QuoteUnlike most exchanges, you control your own private keys, so funds remain yours even when you're trading with them. No one can reverse a transaction or freeze your account. Similarly, the exchange's funds are all on the blockchain, totally transparently - so they can be audited by anyone, any time.

As I understand it the only way this could work is if when you deposit Bitcoin into CCEDK they give you a market pegged asset (BitBTC) in return on the BitShares blockchain. A UIA that represents BTC would become worthless if the exchange was goxxed.

Problems:
What if you deposit BTC and there is no BitBTC available to buy because no one is shorting it?
And what about for all the other altcoins where there is no volume to support a market pegged asset?
Also, what about the accusation that CCEDK as an exchange would then be operating on fractional reserves because they had to sell your BTC deposit for some derivative BitBTC that most maximalists dont want to believe even works?

Akado

Wow 8 exchanges is a lot! Eager to know hear more news about this.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Stan

Quote from: donkeypong on September 16, 2015, 03:27:05 PM
Amazingly cool. I'm struggling to keep up with all the innovations around here!


You should see the ones waiting back in the CNX lab
in a concrete lockbox so BM can't spend time on them yet.


Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Rune

Grats. If CCEDK has a european E-Money license then this is pretty awesome as it means compliant fiat gateway tokens.

xeroc


38PTSWarrior


donkeypong

Amazingly cool. I'm struggling to keep up with all the innovations around here!



GChicken

QuoteUnlike most exchanges, you control your own private keys, so funds remain yours even when you're trading with them. No one can reverse a transaction or freeze your account. Similarly, the exchange's funds are all on the blockchain, totally transparently - so they can be audited by anyone, any time.

whats the world coming too :)

Stan

Quote from: fav on September 16, 2015, 02:21:06 PM
very good news!

but is it OpenLedger, Openledger or Open Ledger? there are some typos on the website regarding the name I guess.

Yes, it's OpenLedger.  Half the screw ups were mine.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

CLains

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Stan

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

GChicken

I think it was a good time to drop the hint and will be happy to see more hints coming out.
Given the 1700GBP per ticket entry seems to make it pretty high profile. We might have some new partners and big fish swimming in the tank with us over the next few days... they probably havent even had time to research Bitshares at this point (conference still goes for another 2 hours) but i bet you its written down in a lot of notepads!!

Stan

Quote from: GChicken on September 16, 2015, 02:30:04 PM
Not sure if it was common knowledge and i just missed it. But the Forbes article eludes to 8 exchanges being involved in Openledge's network, which is in effect the Bitshares network! only 3 listed on the slide so in my mind we have many more ground breaking announcements to come :)

Yes, many have yet to announce, but there are 8 in the pipeline I have had at least some contact with at various stages of maturity.  I guess BunkerDEX's long logo didn't fit on the viewgraph, but it should have been there...

We decided to reveal that hint early because of the high profile venue and Forbes coverage opportunity.

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

GChicken

Great, would love to see these slides, also in the last 10 minutes the online user count has jumped a bit. 154 online ATM.

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