Perhaps I misunderstood.
My impression was DVC was created through the process you're describing (which I intend to do once I can). But right now, I'm not talking about creating a DVC like that. I'm talking about the trading in DVC that happens on these pages. Or is a person only allowed to buy DVC after they're already a trusted trader? Although in that case, since I'm just asking for someone to buy it for me and hold it in escrow anyhow, would that not be possible?
But if I can't buy DVC, then I guess I'll just go back to observing the exchange for now, as I basically feel comfortable with my UNO holdings. I'm not looking to buy another 10-25 UNO right now, and I'd prefer not to sell even 25 UNO for BTC (or anything, really; but the novelty of DVC and getting the first trade for trusted trader is worth it).
You must be issued DVC before you can trade DVC. It's not just for the sake of it but because this is a trust-based network. Trust *must* be established before the precious holdings can be traded, remembering that DVC stands for Distributed Vault Coin. We're trading on the back of each other's pledged silver, so each member needs to be vetted before trading can be allowed. It benefits the whole system in this way.
If you decide you'd still like to be part of this grand experiment (and you are very, very welcome!), try reading the
About tab on the Trade Tracker for a bit of a 5 minute primer.
@ Benefactor and cragv: it goes without saying that I will underwrite this; and we will eventually iron the wrinkles out.
Thanks, Mark. Greatly appreciated.
I've reinstalled the client on a dedicated SSD (hours ago, shortly after my last post) and though I preserved the blockchain file, it insisted on downloading all over again. I've upgraded my monthly ISP's data quota because I was about to be capped (slowed) and the blockchain has been downloading all afternoon. It's up to 28/09/2014 19:35:49 (block 245898). ETA tomorrow morning, I suppose. DVC will be incoming at that time. I sincerely, truly, deeply hope. Cheers.