I wanted to check before going head on with the development to implement a structure to be able to do this
More to be revealed soon! :p
Topic: Calculating Input / Output to Pay Investor £/% Based on Cunsumer BTC Buy. (Read 385 times)
July 12, 2017, 12:17:08 PM
After talking this with the developers they have also confirmed that they only way to do this would be offchain,
I wanted to check before going head on with the development to implement a structure to be able to do this
More to be revealed soon! :p
I wanted to check before going head on with the development to implement a structure to be able to do this
More to be revealed soon! :p
July 12, 2017, 11:12:55 AM
I'd handle that by implementing an order book. That way you can do it on both sides (BTC provided, and BTC taken).
https://en.wikipedia.org/wiki/Order_book_(trading)
https://en.wikipedia.org/wiki/Order_book_(trading)
July 12, 2017, 10:56:24 AM
Sounds like you'd want a database of deposits and then track with have been "bought".
July 12, 2017, 07:00:54 AM
Hopefully someone gets the gist of the idea and can shed some light on if something like this is possible
Example:
1st: Investor A sends 1BTC to address xxx
2nd: Investor B sends 1BTC to same address xxx
3rd: Investor A send another 1BTC to same address xxx
Customer Buys 2.5BTC from address
How could we track so that the bitcoin used would be from investor A & B first (as those deposits happened first) and then 0.5BTC from Investor A again to supply the customer's bitcoin.
So first deposit is used first if that makes sense?
In short we want to track input / output so we can payout the correct amount / % to the investor... (we want to automate this & not have to run reports manually)
If this is not possible then another solution we are considering is that
Investor A sends 0.70BTC
Investor B send 0.30BTC
= 100%
Customer Buys 0.20BTC = (20%)
Investor A gets (70% of sale)
Investor B gets (30% of sale)
Because the % would be based on how many investors + how much BTC + how much BTC is sold.
Example:
1st: Investor A sends 1BTC to address xxx
2nd: Investor B sends 1BTC to same address xxx
3rd: Investor A send another 1BTC to same address xxx
Customer Buys 2.5BTC from address
How could we track so that the bitcoin used would be from investor A & B first (as those deposits happened first) and then 0.5BTC from Investor A again to supply the customer's bitcoin.
So first deposit is used first if that makes sense?
In short we want to track input / output so we can payout the correct amount / % to the investor... (we want to automate this & not have to run reports manually)
If this is not possible then another solution we are considering is that
Investor A sends 0.70BTC
Investor B send 0.30BTC
= 100%
Customer Buys 0.20BTC = (20%)
Investor A gets (70% of sale)
Investor B gets (30% of sale)
Because the % would be based on how many investors + how much BTC + how much BTC is sold.
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