Author

Topic: Building a free exchange (Read 572 times)

member
Activity: 81
Merit: 10
April 07, 2014, 11:37:15 AM
#4
Basically a blockchain that stores what was conveyed, with an ID number that may or may not be traceable.

Companies add value to that free data:  wealth translation and promise assurance.

Basic structure:

Initiating promise:  1 BTC
Notice - accept:    20 LTC
Promise:               20 LTC
Deliver:                20 LTC
Deliver:                1 BTC
End transaction.

Does that make sense?

Research atomic cross-chain transactions.  Take a look at what bitsquare.io is doing for example, might help flesh out your idea. 

Bitsquare is on the right idea with its message-based system, but is convoluting some ideas.  Collateral and fees being two.  The idea expressed above breaks the concepts into constituent parts and each becomes interchangeable.
member
Activity: 170
Merit: 10
April 07, 2014, 02:56:24 AM
#3
It doesn't make any sense for me  Sad
legendary
Activity: 1264
Merit: 1008
April 07, 2014, 12:41:47 AM
#2
Basically a blockchain that stores what was conveyed, with an ID number that may or may not be traceable.

Companies add value to that free data:  wealth translation and promise assurance.

Basic structure:

Initiating promise:  1 BTC
Notice - accept:    20 LTC
Promise:               20 LTC
Deliver:                20 LTC
Deliver:                1 BTC
End transaction.

Does that make sense?

Research atomic cross-chain transactions.  Take a look at what bitsquare.io is doing for example, might help flesh out your idea. 
member
Activity: 81
Merit: 10
April 06, 2014, 03:45:10 PM
#1
Basically a blockchain that stores what was conveyed, with an ID number that may or may not be traceable.

Companies add value to that free data:  wealth translation and promise assurance.

Basic structure:

Initiating promise:  1 BTC
Notice - accept:    20 LTC
Promise:               20 LTC
Deliver:                20 LTC
Deliver:                1 BTC
End transaction.

Does that make sense?
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