Author Topic: CCEDK now 10% of all BTS trade volume  (Read 10018 times)

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Offline openledger

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But Ronny, aren't you offering rewards to people for placing bids and asks on CCEDK?  Why incentivize people to provide liquidity on CCEDK rather than OpenLedger?  OpenLedger is ALREADY suffering from fragmented liquidity with each gateway having separately traded UIAs representing the coins they make available for deposit into OL.  None of this makes sense.  As I mentioned in a previous post (and as it seems phillyguy is also saying), if I were you I would eliminate the centralized markets on CCEDK for which there are corresponding markets on OL.  Take BTS:BTC for example.  You can still have that order book on CCEDK, but just have it reflect the OL order book for that market.  Obviously you can't make this happen at this snap of your finger.  But it shouldn't be too difficult, and hopefully it's your plan in the near future. 

But regardless of that, and probably more importantly, there needs to be ONE token that all of the OL partner gateways use for each asset they are making available for deposit into (and for withdrawal out of) the wallet.  That should be the BitAsset version.  Why are you guys not doing it that way?  I can't figure it out.  But I know it's killing the promise of an OPEN ledger i.e. shared order books i.e. pooled liquidity.  Do you see what I'm saying.  This is not good.

I hear you on all points, and they are on the board for further discussion.
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Offline phillyguy


Who is complaining in response to comments Ronny? Me or you?

1.) I asked you to answer the OP's original question.

2.) I pointed out that your response sounds contradictory to the summer announcement I linked to.

It's ok, though. You've made yourself clear.

Sorry, maybe I just feel a little stressed ight now with too much work, thanks

Understood. Good luck with it all. Thanks.
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Offline openledger

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Who is complaining in response to comments Ronny? Me or you?

1.) I asked you to answer the OP's original question.

2.) I pointed out that your response sounds contradictory to the summer announcement I linked to.

It's ok, though. You've made yourself clear.

Sorry, maybe I just feel a little stressed ight now with too much work, thanks
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Offline tbone

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But Ronny, aren't you offering rewards to people for placing bids and asks on CCEDK?  Why incentivize people to provide liquidity on CCEDK rather than OpenLedger?  OpenLedger is ALREADY suffering from fragmented liquidity with each gateway having separately traded UIAs representing the coins they make available for deposit into OL.  None of this makes sense.  As I mentioned in a previous post (and as it seems phillyguy is also saying), if I were you I would eliminate the centralized markets on CCEDK for which there are corresponding markets on OL.  Take BTS:BTC for example.  You can still have that order book on CCEDK, but just have it reflect the OL order book for that market.  Obviously you can't make this happen at this snap of your finger.  But it shouldn't be too difficult, and hopefully it's your plan in the near future. 

But regardless of that, and probably more importantly, there needs to be ONE token that all of the OL partner gateways use for each asset they are making available for deposit into (and for withdrawal out of) the wallet.  That should be the BitAsset version.  Why are you guys not doing it that way?  I can't figure it out.  But I know it's killing the promise of an OPEN ledger i.e. shared order books i.e. pooled liquidity.  Do you see what I'm saying.  This is not good.


Offline phillyguy

Who is complaining in response to comments Ronny? Me or you?

1.) I asked you to answer the OP's original question.

2.) I pointed out that your response sounds contradictory to the summer announcement I linked to.

It's ok, though. You've made yourself clear.
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Offline openledger

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I guess this was all bullshit then?

"CCEDK has become the first exchange in the world to make its books completely transparent – using the same public ledger philosophy that made Bitcoin so successful. 'You don’t have to worry about our exchange being hacked or whether it is honest or solvent. Everything about our new accounts will be an open book and you control the keys to your own funds, even while they are on our exchange.'"

https://bitshares.org/blog/2015/06/16/danish-firm-set-to-revolutionize-cryptocurrency-industry/

Why?

Rome was not built in one day as you know, and this whole process is not done overnight but needs done in steps.

Right now if all users move their funds to OpenLedger from CCEDK, then you have basically what i mentioned in all articles, so it is really up to you and anyone else to decide where you want to trade, which has been the intention with this from the first place.

I think if all look into this being positive about all changes whether quick or slow, then progress happens in fact will happen much faster, and you are yourself an active part of making this happen.

And why complain about a project which have not even gotten off yet? You have still some 400-700 million bts stuck on btc38 and many bts holder still not migrating yet, and you want things to be perfect right off the bat? It is obvious that whatever we do from our side is only a small part in all of this, atleast for the time being and we are okay with this as we belive in growing with the community.

You do have one point though. At the time of that article you refer to, it was still not clear udner which name the decentralized platform was to be presented. With a great amount of comments from the BItshares community commenting and saying CCEDK was not the right name for a platform like this, we came up with the name OpenLedger. For anyone reading the media later on, there is no place where it says Openledger and CCEDK is one and same exchange, but instead we are saying that OpenLeger is what CCEDK would like to be in future or that CCEDK is supporting Openledger in all the ways possible with legal framework for the fiat gateway etc, and time will show if we can manage to move it all to Openledger. For now it is impossible as the NanoCard finally being activated end of coming week will be based on bitcoin and will need CCEDK as the base exchange for that.

The idea will then be in future to add NanoCard to OpenLedger with the support of Smartcoins, again depending on the support from the BitShares community. How do you imagine NanoCard to be added as a useful and valuablæe tool of Openledger is there is no liquidity and market depth provided from its users in the first place? That would be bad business, and we dont plan on oing any bad business, but invest in the future.

Sorry, if I cannot continue here, as I have urgent matters to attend., but from end of this coming weeek we will start creating a hangout for openledger with special focus on how to bring the news out to the rest of the world
« Last Edit: November 01, 2015, 12:21:51 pm by ccedk »
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Offline phillyguy

I guess this was all bullshit then?

"CCEDK has become the first exchange in the world to make its books completely transparent – using the same public ledger philosophy that made Bitcoin so successful. 'You don’t have to worry about our exchange being hacked or whether it is honest or solvent. Everything about our new accounts will be an open book and you control the keys to your own funds, even while they are on our exchange.'"

https://bitshares.org/blog/2015/06/16/danish-firm-set-to-revolutionize-cryptocurrency-industry/
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Offline openledger

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I will also only use it if someone else use it first ::)

Hmm, somehow I feel that is not exactly the way you create market depth, by staying away untill someone else decides to join.

You all have a decentralized platform, and market dept will appear if all start using it, but since many people still have not migrated I think it is far too early to speak about lack of support, and more a question of getting the platform fully filled with all shareholders and interested parties of BitShares.

So, for the ones reluctant to add funds untill others do, dont worry, it will happen eventually, with your help sooner than later though, and who says all your funds need to be in an exchange possible to be goxxed, when you have now one that cannot?  ;) :)

OpenLedger is mant as a platform available for the entire world to use, no matter colour of skin or colour of coin, and I think personally seeing the new things added every day, that we are in for a great product increasing in value every day.

Can you just answer the OP's question?

CCEDK maintaining its own order book off the blockchain is not how you add market depth either!

CCEDK is a centralized exchange and Openledger is a decentralized exchange. A majority of people actively writing on forum have been saying they will only support a decentralized exchange, and now it is here, is that not what everyone in the community has been asking for?

CCEDK is supporting the decentralized exchange OpenLedger with an upcoming fiat gateway as well as supporting crypto markets interested in being traded on Openledger and whether the volume on CCEDK of bts will move onto OpenLedger or not is really not up to me to decide but up to the users with their funds on CCEDK, so I dont really understand the question.

Whether CCEDK will eventually move all activities from the centralized version to the decentralized Openledger is again up to the users on CCEDK and the management of CCEDK, and as long as we feel there is a reason to maintain a centralized exchange like CCEDK, it will exist, and it is clearly not the time to discuss this yet, as Openledger is only in its early phase of showing what it will be able to do in future. It is all a question of the support of users and their liquidity as well as the technology behind the platform deciding the progress of OpenLedger. The team of CCEDK is doing all they can and has no real influence on this, so all we can do with me in the lead is go out there and tell the rest of the world what OpenLedger is all about and then leave the BitShares community decide when they are ready to support the platform themselves.

We are providing the framework for users to start trading on OpenLedger and adding lucrative ways of making it worthwhile as well. Staying away from the platform keeping your funds on Poloniex thinking that this will be the way you increase value of Bitshares defies the reason of having a decentralized exchange in the first place.

CCEDK is not the one supposed to provided liquidity on OpenLedger, lets just be clear on that, and it has never been the intention nor has it been the idea of all. This is a platform where all users are in control of their own keys and as such it should give all an incentive to get the funds into the wallet the sooner the better.



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Offline phillyguy


I will also only use it if someone else use it first ::)

Hmm, somehow I feel that is not exactly the way you create market depth, by staying away untill someone else decides to join.

You all have a decentralized platform, and market dept will appear if all start using it, but since many people still have not migrated I think it is far too early to speak about lack of support, and more a question of getting the platform fully filled with all shareholders and interested parties of BitShares.

So, for the ones reluctant to add funds untill others do, dont worry, it will happen eventually, with your help sooner than later though, and who says all your funds need to be in an exchange possible to be goxxed, when you have now one that cannot?  ;) :)

OpenLedger is mant as a platform available for the entire world to use, no matter colour of skin or colour of coin, and I think personally seeing the new things added every day, that we are in for a great product increasing in value every day.

Can you just answer the OP's question?

CCEDK maintaining its own order book off the blockchain is not how you add market depth either!
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Offline speedy

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Hmm, somehow I feel that is not exactly the way you create market depth, by staying away untill someone else decides to join.

True, but we already have lots of depth on the ccedk website. My original question was could we just merge the 2 orderbooks, so that we can combine our liquidity? Users of ccedk.com could automatically be using the blockchain without even knowing.

Offline openledger

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I will also only use it if someone else use it first ::)

Hmm, somehow I feel that is not exactly the way you create market depth, by staying away untill someone else decides to join.

You all have a decentralized platform, and market dept will appear if all start using it, but since many people still have not migrated I think it is far too early to speak about lack of support, and more a question of getting the platform fully filled with all shareholders and interested parties of BitShares.

So, for the ones reluctant to add funds untill others do, dont worry, it will happen eventually, with your help sooner than later though, and who says all your funds need to be in an exchange possible to be goxxed, when you have now one that cannot?  ;) :)

OpenLedger is mant as a platform available for the entire world to use, no matter colour of skin or colour of coin, and I think personally seeing the new things added every day, that we are in for a great product increasing in value every day.
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Offline lzr1900

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i don't want to use an exchange without any market deep.

Offline xiahui135

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i will use it too, if it has good market deep and can withdraw\deposit in the DEX.
Now i use poloniex, mainly because i have an account there and it has good market deep. CCEDK do not have any of that for me.

Offline openledger

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Offline speedy

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According to this:
http://coinmarketcap.com/currencies/bitshares/#markets

CCEDK now has 10% of all BTS trade volume. This must be from their own orderbook on their site:
https://www.ccedk.com/bts-btc

Are they going to move their ccedk.com orderbook over to the blockchain? Biggest problem right now is that all of the different BTC/BTS blockchain markets have poor liquidity. They are all useless right now.

I dont have an account on CCEDK. I do however have a blockchain account and I would use OPENBTC:BTS if other people would first.