With the right people, time , and money almost anything is possible. With that being said, your talking about creating an online resource that will be storing $/BTC/currency which will almost always lead to attackers attempting to gain access.
That being said, you would want people specialized in coding these type of solutions, not only from the web service level, but network/infrastructure level as well.
In other words, if you plan to make real money with this service, you will have to spend real money to implement this and host this.
If you have questions , let me know.
Kosta
Topic: [Need advice] Website with Bitcoin wallet and MtGox API interaction, storing $ (Read 1006 times)
July 16, 2013, 11:53:52 PM
July 16, 2013, 06:19:15 AM
Hello guys,
I have a project up in my mind, but I'm struggling to find a solution for it, therefore it might need some special coding to be done, however i'd like to know whether it's even possible first.
So, here goes the question - I need people to be able to send x$ worth of BTC to my site, store it there for a couple of days, weeks and then get the x$ worth of BTC back eventually, depending on some other conditions. Say it would use MtGox or any other exchange as a storage for the $. The point is to create $ wallet on an exchange which people could fill using bitcoins - stable value $-wise, variable value BTC-wise - and have the framework interact with the current balance on this "virtual $ wallet".
Is this possible to create? How diffucult is it to code? Can it be integrated into an existing CMS like WordPress or does it have to have a comprehensive ground up design?
Thank you very much
I have a project up in my mind, but I'm struggling to find a solution for it, therefore it might need some special coding to be done, however i'd like to know whether it's even possible first.
So, here goes the question - I need people to be able to send x$ worth of BTC to my site, store it there for a couple of days, weeks and then get the x$ worth of BTC back eventually, depending on some other conditions. Say it would use MtGox or any other exchange as a storage for the $. The point is to create $ wallet on an exchange which people could fill using bitcoins - stable value $-wise, variable value BTC-wise - and have the framework interact with the current balance on this "virtual $ wallet".
Is this possible to create? How diffucult is it to code? Can it be integrated into an existing CMS like WordPress or does it have to have a comprehensive ground up design?
Thank you very much
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