Just a thought,
Do you think it would be freezable to create a bitcoin-like-client that had multiple coins were each coin represented a real world commodity? This would essentially create a decentralized commodities market with the client being the commodities exchange itself. This means that the put and call options for commodities would also have to be built into the client. Would be nice if the client included charts. Such a commodities client (when fully implemented) would be much safer from governments and companies falsely manipulating commodity prices and end the greedy behavior of brokers and their fees.
Second thought,
Could we do the same thing with the currency exchange? The blockchain could store deposits made for any currency the same way that the bitcoin client stores bitcoins in a wallet. I believe that such a currency exchange client would be far more secure, safe from abusive practices (cheating, stealing and fraud by the exchanges creators), and nearly impervious to hacking compared to any exchange controlled by a government or company.
What are your thoughts on these ideas? How would we go about creating such systems?
Topic: Proposal - Do For The Commodities Markets What Bitcoin Does For Currencies (Read 433 times)
August 22, 2013, 12:02:40 PM
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