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Title: Building a free exchange Post by: andrewbb on April 06, 2014, 08:45:10 PM 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? Title: Re: Building a free exchange Post by: hashman on April 07, 2014, 05:41:47 AM 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. Title: Re: Building a free exchange Post by: GreedyBoy on April 07, 2014, 07:56:24 AM It doesn't make any sense for me :(
Title: Re: Building a free exchange Post by: andrewbb on April 07, 2014, 04:37:15 PM 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. |