Shapeshift API into Bitshares Wallet?

[bitmarley]

May I make a suggestion....

You are looking at the wrong end of the horse.

A bitshares wallet that does X attracts about 500 eyeballs.

A bitcoin wallet that does X attracts 100,000's of eyeballs.

We need to build a bitcoin wallet.  branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty  risk.   Bitshares is never mentioned.  perhaps bitusdis mentioned, but it is certainly not front and centre.   IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop.   And we dont have to pay a penny in advertising.  Coindesk, word of mouth and reddit will do all the work for us.   You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC.

Not one penny of advertising needed.

And the good news is it is 90% done.
bitshares lite wallet is in final testing.
shape shift API and lens code is open source and ready to use.   And I have a friend with an established bitcoin wallet that is open source. He cannot dedicate developers to doing this but is happy to pus it live in his existing wallet with thousands of users.   We are talking a month or two tops of development if someone from this community can do that.

Anyone?

This!!!! If Bitshares  is the first "smart wallet" with bitcoin and shapeshift features built in then it should booooom. Consider though that Shapeshift includes counter-party risk so it could be a weak link if the service is hacked. The final objective therefore would be shapeshift functionality managed via bitshares delegate escrow to remove counter-party risk.

As mentioned here its possible with bitshares! https://bitsharestalk.org/index.php?topic=13711.0

[bitmarket]

As great as this would be, I see the likelihood of this happening before 2017 as very slim.

You will be using it before June 30 in my opinion.

year?

Not that this date I pulled out of my ass should mean anything to anyone, but I meant this year.

[cass]

mh

 i'Ve changed 0.16151565 BTC to BITUSD and got 2.3921 USD

Transaction #a1b35cc7


That not seems correct! Any ideas?

[BunkerChainLabs-DataSecurityNode]

Just tried Shapeshift for the first time.

Was a bit disappointed I couldn't send more that .99 BTC to my BTS wallet. Any chance this is going to increase to more reasonable larger levels like 10 BTC?

Love the idea of it being in the wallet just because it is more convenient.. though I think it would be a better fit in the bitwallet. QTwallet feels heavy already and I would prefer not to load on top of it for only that reason.

Total transaction time for the Shapeshift from BTC send to BTS showing in my wallet btw.. 5 minutes. Not to shabby as far as BTC transactions go.

We need easier onramps for general adoption. Shapeshift only works in crypto.. but it's a great step in simplification.

  to simplified onramps overall!

[liondani]

As great as this would be, I see the likelihood of this happening before 2017 as very slim.

You will be using it before June 30 in my opinion.

year?

Sent from my ALCATEL ONE TOUCH 997D

[bitmarket]

As great as this would be, I see the likelihood of this happening before 2017 as very slim.

You will be using it before June 30 in my opinion.

[Akado]

bitshares lite wallet is in final testing.

BitShares Light Wallet has just begun initial alpha testing.

I didn't write that lol

[chewchew]

As great as this would be, I see the likelihood of this happening before 2017 as very slim.

[donkeypong]

May I make a suggestion....

You are looking at the wrong end of the horse.

A bitshares wallet that does X attracts about 500 eyeballs.

A bitcoin wallet that does X attracts 100,000's of eyeballs.

We need to build a bitcoin wallet.  branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty  risk.   Bitshares is never mentioned.  perhaps bitusdis mentioned, but it is certainly not front and centre.   IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop.   And we dont have to pay a penny in advertising.  Coindesk, word of mouth and reddit will do all the work for us.   You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC.

Not one penny of advertising needed.

And the good news is it is 90% done.
bitshares lite wallet is in final testing.
shape shift API and lens code is open source and ready to use.   And I have a friend with an established bitcoin wallet that is open source. He cannot dedicate developers to doing this but is happy to pus it live in his existing wallet with thousands of users.   We are talking a month or two tops of development if someone from this community can do that.

Anyone?

This is an insane(ly brilliant) Trojan Horse idea. BitAssets and this wallet could be branded entirely within the Bitcoin ecosystem. And it solves a problem for them of volatility, hedging risk, etc., without anyone uttering the word BitShares.

[vikram]

bitshares lite wallet is in final testing.

BitShares Light Wallet has just begun initial alpha testing.

[Akado]

May I make a suggestion....

You are looking at the wrong end of the horse.

A bitshares wallet that does X attracts about 500 eyeballs.

A bitcoin wallet that does X attracts 100,000's of eyeballs.

We need to build a bitcoin wallet.  branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty  risk.   Bitshares is never mentioned.  perhaps bitusdis mentioned, but it is certainly not front and centre.   IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop.   And we dont have to pay a penny in advertising.  Coindesk, word of mouth and reddit will do all the work for us.   You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC.

Not one penny of advertising needed.

And the good news is it is 90% done.
bitshares lite wallet is in final testing.
shape shift API and lens code is open source and ready to use.   And I have a friend with an established bitcoin wallet that is open source. He cannot dedicate developers to doing this but is happy to pus it live in his existing wallet with thousands of users.   We are talking a month or two tops of development if someone from this community can do that.

Anyone?

This should have some priority once the v1.0 is released  it would be a great step

[sumantso]

May I make a suggestion....

There is no lack of suggestions around these parts. Problem is getting it done as the core members are busy.

Need an integrated wallet which uses only BitBTC along with BTC.

Hedging btc by using bitBTC and the 5% yield is not going to be particularly important when it swings that much daily it seems.  So what are your thoughts on  the value here ?

Its a stealth attack. We want to put it into the heads that BitBTC is interchangeable with BTC, and with the advantages it provides (speed, yield, anonymity) might capture a part of the BTC use.

BTS came in a direct competitor, made the Bitcoin community angry and defensive. BitUSD aims for a slightly different userbase, and also has a higher barrier to entry as a lot of infrastructure is needed in place. BitBTC, on the other hand can be marketed as something which makes using BTC easier, and the target would be a community who are not that finicky about user experience and would be willing to meet half way.

The bot would need to sell the thing you send it and then buy BTS on an exchange, and then send it to you.  If you were doing an order of reasonable size there would be slippage.

Thats the main issue. If we have an option for converting BTC <-> BitBTC like it currently exists with CNY <-> BitCNY, we can have light wallets with BTc and BitBTC options with seamless in-wallet exchange option. If we can have that it would be a good way to have the BTC users getting into our ecosystem.

Good work!

Speaking as a non-technical person, is it possible to have a similar service for BitBTC/BTC directly, and integrate it in a wallet where users can go from BTC to BitBTC and back seamlessly?

No, not without a built in spread.  This would put exchange risk on the gateway.

Any way around this? Is that kind of wallet even being considered? It would have helped pitch BitBTC to BTCtalk users and then draw them in the ecosystem.

What about a service similar to BitCNY/CNY (where they maintain the peg)? Sorry if these all sound stupid, I don't understand the mechanisms well enough.

The dream is now close with monsterer's gateway.

I hope to see a light BTC wallet which has the option of switching to BitBTC and back (with a displayed fee which covers any spread and gateway fees). That is something we can tempt the Bitcoin folks with

Thankfully I think BM is interested in getting one done as soon as light wallets are in play.

[bluebit]

Hey guys I have an iphone and android game app coming out in a week or so, and I'd like to be to tip users like the Sarutobi game but with BitGold or other assets. I just need someone to code this for me, do you think I should offer a bounty? Or wait for more liquidty to come to the BitAsset markets?

[yellowecho]

May I make a suggestion....

You are looking at the wrong end of the horse.

A bitshares wallet that does X attracts about 500 eyeballs.

A bitcoin wallet that does X attracts 100,000's of eyeballs.

We need to build a bitcoin wallet.  branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty  risk.   Bitshares is never mentioned.  perhaps bitusdis mentioned, but it is certainly not front and centre.   IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop.   And we dont have to pay a penny in advertising.  Coindesk, word of mouth and reddit will do all the work for us.   You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC.

Not one penny of advertising needed.

And the good news is it is 90% done.
bitshares lite wallet is in final testing.
shape shift API and lens code is open source and ready to use.   And I have a friend with an established bitcoin wallet that is open source. He cannot dedicate developers to doing this but is happy to pus it live in his existing wallet with thousands of users.   We are talking a month or two tops of development if someone from this community can do that.

Anyone?

+5 !  This is exactly what's needed. 


Sent from my iPhone using Tapatalk

[nomoreheroes7]

...I feel like we have trouble implementing all of our good ideas. They just seem to float around, but little gets done, likely because of lack of qualified devs. Maybe we should have a delegate whose job it is to identify features the community wants, find and organize devs to do it, and manage their progress.

Agreed. We seem to have ideas up the ying yang, but very few seem to make it past the "great idea!" stage...lol

[teenagecheese]

I love this idea, or some form of it!

...I feel like we have trouble implementing all of our good ideas. They just seem to float around, but little gets done, likely because of lack of qualified devs. Maybe we should have a delegate whose job it is to identify features the community wants, find and organize devs to do it, and manage their progress.

[bitmarket]

May I make a suggestion....

You are looking at the wrong end of the horse.

A bitshares wallet that does X attracts about 500 eyeballs.

A bitcoin wallet that does X attracts 100,000's of eyeballs.

We need to build a bitcoin wallet.  branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty  risk.   Bitshares is never mentioned.  perhaps bitusdis mentioned, but it is certainly not front and centre.   IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop.   And we dont have to pay a penny in advertising.  Coindesk, word of mouth and reddit will do all the work for us.   You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC.

Not one penny of advertising needed.

And the good news is it is 90% done.
bitshares lite wallet is in final testing.
shape shift API and lens code is open source and ready to use.   And I have a friend with an established bitcoin wallet that is open source. He cannot dedicate developers to doing this but is happy to pus it live in his existing wallet with thousands of users.   We are talking a month or two tops of development if someone from this community can do that.

Anyone?

 

I like this strategy!

is it too much to ask Multibit,Electrum,Mycelioum etc. for example to integrate it?

We just need to do it for one wallet.  If we do that and open source it, I predict blockchain.info will have it on their wallet by the
 end of the year.

[liondani]

May I make a suggestion....

You are looking at the wrong end of the horse.

A bitshares wallet that does X attracts about 500 eyeballs.

A bitcoin wallet that does X attracts 100,000's of eyeballs.

We need to build a bitcoin wallet.  branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty  risk.   Bitshares is never mentioned.  perhaps bitusdis mentioned, but it is certainly not front and centre.   IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop.   And we dont have to pay a penny in advertising.  Coindesk, word of mouth and reddit will do all the work for us.   You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC.

Not one penny of advertising needed.

And the good news is it is 90% done.
bitshares lite wallet is in final testing.
shape shift API and lens code is open source and ready to use.   And I have a friend with an established bitcoin wallet that is open source. He cannot dedicate developers to doing this but is happy to pus it live in his existing wallet with thousands of users.   We are talking a month or two tops of development if someone from this community can do that.

Anyone?

 

I like this strategy!

is it too much to ask Multibit,Electrum,Mycelioum etc. for example to integrate it?

[hpenvy2]

May I make a suggestion....

You are looking at the wrong end of the horse.

A bitshares wallet that does X attracts about 500 eyeballs.

A bitcoin wallet that does X attracts 100,000's of eyeballs.

We need to build a bitcoin wallet.  branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty  risk.   Bitshares is never mentioned.  perhaps bitusdis mentioned, but it is certainly not front and centre.   IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop.   And we dont have to pay a penny in advertising.  Coindesk, word of mouth and reddit will do all the work for us.   You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC.

Not one penny of advertising needed.

And the good news is it is 90% done.
bitshares lite wallet is in final testing.
shape shift API and lens code is open source and ready to use.   And I have a friend with an established bitcoin wallet that is open source. He cannot dedicate developers to doing this but is happy to pus it live in his existing wallet with thousands of users.   We are talking a month or two tops of development if someone from this community can do that.

Anyone?

I brought this up a few months ago, let me see if I can dig up the link. Actually, it might have been a topic you brought up and I was trying to push it.  I think it came down to resources.  It's one of the most important steps we could take that would add massive liquidity.  I see ShapeShift as a bridge to that eventual step if we can get someone to step up.

[bitmarket]

May I make a suggestion....

You are looking at the wrong end of the horse.

A bitshares wallet that does X attracts about 500 eyeballs.

A bitcoin wallet that does X attracts 100,000's of eyeballs.

We need to build a bitcoin wallet.  branded as a bitcoin wallet, that allows hedging of bitcoin with no counterparty  risk.   Bitshares is never mentioned.  perhaps bitusdis mentioned, but it is certainly not front and centre.   IF we do that then we begin a stampede into bitUSD on the next bitcoin price drop.   And we dont have to pay a penny in advertising.  Coindesk, word of mouth and reddit will do all the work for us.   You won't be able to get Barry Silbert and every other pundit to shut up about how bitcoins volatility problem has been solved on CNBC.

Not one penny of advertising needed.

And the good news is it is 90% done.
bitshares lite wallet is in final testing.
shape shift API and lens code is open source and ready to use.   And I have a friend with an established bitcoin wallet that is open source. He cannot dedicate developers to doing this but is happy to pus it live in his existing wallet with thousands of users.   We are talking a month or two tops of development if someone from this community can do that.

Anyone?

[hpenvy2]

Yes it would be great.

The main concern would be the centralized factor.
Shapeshift just takes any coin and sells them on centralized exchanges.
So there's a double trust factor, both shapeshift and the exchanges they use for selling the coins.

On another side note, they might have just solved something another problem for us.
We've wanted shopping cart plugins, for a long time.
The shifty button does exactly that.
https://shapeshift.io/tools.html
However the same concern as above can be applied to this shopping cart.

This isn't a real issue. When they don't actually hold your money the counterparty risk is miniscule. At 0.1% fees and a 1 hour window where they can steal before everyone are alerted (with automation in the wallet this could become minutes) they will only be able to steal 1 months revenue but lose their entire business as a result. So it will never be profitable for them to steal. Because the service won't depend much on branding if its put directly in the wallet, competition will be mostly on fees and reliability. So we will see cutting edge competition and a really low barrier to entry if shapeshift and other incumbents aren't staying on their toes at all times to provide the best possible service.

Getting shapeshift and a framework to allow future bridges directly in the wallet is the most important thing we need right now. Its the single thing that would bring the most value because it would make our wallets attractive to bitcoin users who are tired of volatility but dont want to deal directly with altcoins.

 

The second important step is to setup with ShapeShift LENS. Anywhere a customer could pay with Bitcoin they could also pay with BitUSD.

[Rune]

Yes it would be great.

The main concern would be the centralized factor.
Shapeshift just takes any coin and sells them on centralized exchanges.
So there's a double trust factor, both shapeshift and the exchanges they use for selling the coins.

On another side note, they might have just solved something another problem for us.
We've wanted shopping cart plugins, for a long time.
The shifty button does exactly that.
https://shapeshift.io/tools.html
However the same concern as above can be applied to this shopping cart.

This isn't a real issue. When they don't actually hold your money the counterparty risk is miniscule. At 0.1% fees and a 1 hour window where they can steal before everyone are alerted (with automation in the wallet this could become minutes) they will only be able to steal 1 months revenue but lose their entire business as a result. So it will never be profitable for them to steal. Because the service won't depend much on branding if its put directly in the wallet, competition will be mostly on fees and reliability. So we will see cutting edge competition and a really low barrier to entry if shapeshift and other incumbents aren't staying on their toes at all times to provide the best possible service.

Getting shapeshift and a framework to allow future bridges directly in the wallet is the most important thing we need right now. Its the single thing that would bring the most value because it would make our wallets attractive to bitcoin users who are tired of volatility but dont want to deal directly with altcoins.

[graffenwalder]

Yes it would be great.

The main concern would be the centralized factor.
Shapeshift just takes any coin and sells them on centralized exchanges.
So there's a double trust factor, both shapeshift and the exchanges they use for selling the coins.

On another side note, they might have just solved something another problem for us.
We've wanted shopping cart plugins, for a long time.
The shifty button does exactly that.
https://shapeshift.io/tools.html
However the same concern as above can be applied to this shopping cart.

[Rune]

I had the same idea. I don't see any technical obstacles preventing us to do that.

Then lets do it ASAP.

With shapeshift API in the wallets it means you can get bitUSD directly from coinbase, and can spend bitUSD directly with every bitpay/coinbase merchant.

It's especially important for mobile wallets since right now theres nothing you can actually use a mobile wallet for since there's nowhere to spend bitusd, but if we put shapeshift API in it and enable it to scan QR codes for btc address + amount and send that to shapeshift and do the shift automatically, then suddenly bitshares mobile wallets are like a decentralized mobile coinbase wallet!

The op wanted a way to easily convert one asset into another inside the BTS wallet.
It shouldn't be to hard to implement straight sell orders into BTS to realise this.

I don't think it neccesary to implement the shapshift api into our wallets.

It might be usefull for the mobile wallets.

But for the normal wallet shapshift has already a way to buy anything with bitusd, you could buy with Bitcoin:
https://www.shapeshift.io/lens.html

Simplicity is key though. People might not even know shapeshift exists when they get the bitshares wallet.

If we put it straight in the wallet its gonna be extremely easy to use because people wont even know they are using shapeshift. It can also be extended in the future to other bridges, such as the meta-exchange bridge and the dan notestein bridge/gateway that's coming. If they use the same API framework itll be really easy to get a big market going with lots of competition and thus great service.

The only long term concern is that we would need some sort of warning system, so if enough people report that a bridge has stopped processing orders but doesnt return them, then they are cut off from the wallets to ensure people dont lose their money.

[graffenwalder]

I had the same idea. I don't see any technical obstacles preventing us to do that.

Then lets do it ASAP.

With shapeshift API in the wallets it means you can get bitUSD directly from coinbase, and can spend bitUSD directly with every bitpay/coinbase merchant.

It's especially important for mobile wallets since right now theres nothing you can actually use a mobile wallet for since there's nowhere to spend bitusd, but if we put shapeshift API in it and enable it to scan QR codes for btc address + amount and send that to shapeshift and do the shift automatically, then suddenly bitshares mobile wallets are like a decentralized mobile coinbase wallet!

The op wanted a way to easily convert one asset into another inside the BTS wallet.
It shouldn't be to hard to implement straight sell orders into BTS to realise this.

I don't think it neccesary to implement the shapshift api into our wallets.

It might be usefull for the mobile wallets.

But for the normal wallet shapshift has already a way to buy anything with bitusd, you could buy with Bitcoin:
https://www.shapeshift.io/lens.html

Edit:

Just tested it, it seems BTS and bitusd are not yet added to lens.
But I recall toast saying that this was just the test phase.
So it probably shouldn't take to long before we can use lens to

[bluebit]

I'm not a developer, so I can't do it, but I will vote up any delegate that works on it.

[Rune]

I had the same idea. I don't see any technical obstacles preventing us to do that.

Then lets do it ASAP.

With shapeshift API in the wallets it means you can get bitUSD directly from coinbase, and can spend bitUSD directly with every bitpay/coinbase merchant.

It's especially important for mobile wallets since right now theres nothing you can actually use a mobile wallet for since there's nowhere to spend bitusd, but if we put shapeshift API in it and enable it to scan QR codes for btc address + amount and send that to shapeshift and do the shift automatically, then suddenly bitshares mobile wallets are like a decentralized mobile coinbase wallet!

[valzav]

I had the same idea. I don't see any technical obstacles preventing us to do that.

[graffenwalder]

Ripple has a similar feature for years now.
https://rippletrade.com/#/exchange

They just straight sell into that market for you.
If there's not a direct market, they sell on one, and buy on the other.

[xeroc]

Is it possible to put the Shapeshift API in the Bitshares Wallet? It would make it easier for people to convert from one asset to the next inside the wallet.

I like the idea .. if you can find a developer that knows about javascript/coffee script you can do it on your own and push a code update to the software ..

[bluebit]

Is it possible to put the Shapeshift API in the Bitshares Wallet? It would make it easier for people to convert from one asset to the next inside the wallet.