Decentralised-Liquidity Exchange -- 'D-L-Ex'

~~Will trade 1 UNO per 145 FTC. 10 UNO for 1,450 FTC.~~ CANCELED

~~Trade 013: will sell 100 Uno for 0.22 Btc.~~

Results of first gemini daily auction: 2,104 BTC traded @ $593.67
https://gemini.com/blog/introducing-the-first-ever-daily-bitcoin-auction/

... hmm ... sounds like 'D-L-Ex' except by the Harvrd twins Wink

Quote

Auction provides the following benefits to our customers:

Greater Price Discovery: Auction focuses market participants and economic information at a single moment in the day, resulting in better price discovery.
Mark-to-Market Benchmark Price: Auction provides an official 4:00 p.m. ET end-of-day price for marking assets to market (e.g., for accounting purposes or for calculating returns).
Lower Fees: Auction trades receive our liquidity-making fee discounts and are therefore eligible for up to a 15 bps (0.15%) rebate (unlike OTC trades that can cost upwards of 1–2% per trade).
Instant Settlement: Auction trades settle immediately and funds are ready for immediate transfer (unlike OTC trades that can require phone calls, emails, specialized paperwork, risk during funds transfer, etc.).

'They took our ~~jobs~~ idea!'

https://www.youtube.com/watch?v=rUTnNKhF-EU

no ... Day trrrrk rrr JrrrbS!

This isn't a new thing, but the Winklevoss twins are trying to make it more professional. All the big whales buy their BTC off book through brokers. It's not like you can log into Bittrex and click to buy 10,000 BTC and you'd push the price massively trying to accumulate. Big money wants to buy bulk for under spot, not push up the price.
Keeping to this idea really, I've been thinking quite a bit about how we need a "localUNO." Really need a better place to buy chunks of Unobtanium like this, like localbitcoins works.

Quote from: RDDRocket on September 22, 2016, 05:10:45 PM

OTC markets are by far the best in my experience. The original #bitcoin-otc code is open-source: https://github.com/nanotube/supybot-bitcoin-marketmonitor

Not a far stretch to imagine you guys using something like this for your project.

Quote from: shinohai on September 22, 2016, 05:20:46 PM

Quote from: RDDRocket on September 22, 2016, 05:10:45 PM

Exactly

Will trade 10 UNO for 1,550 FTC

'Big money wants to buy bulk for under spot, not push up the price. Keeping to this idea really, I've been thinking quite a bit about how we need a "localUNO." Really need a better place to buy chunks of Unobtanium like this, like localbitcoins works.'

Morning, R.D.! Somewhere out there are the theoretical texts I wrote: 'LocalUno' ('national chapters') is an idea I've been advocating for ages (and our bullion trade remains in the offing).

Market Report: I suppose that Uno's price and volume will dwindle as the Cryptsy-coin dump gets closer. So here each day you'll find the combined total of Bitcoin in the buy-order books of Bittrex and Cryptopia: 3.0

Mark, Australia

localUNO

this has been kicked around for ages (crypto ages)

but yes, it still is a mighty bright idea.

if UNO captures just one small town (pop. 5000-10000 humanZ)
then it is a raging success ... really.

top that off with the localUNO being global, still have interest in how Square turns out,
and,
top that all off with the FACT that UNO floats on the big distributed worldwideweb market Wink

and at tip top is 'D-L-Ex' providing p2p otc

edit:
1. localUNO = a microeconomy project = needs another name
2. localUNOcoins.com = square = localbitcoins = localUNO
3. basepairUNO = i think c_cex lists a ETH/UNO pair
4. 'D-L-Ex' = OTC = this place Wink

I meant localUNO being the exact same thing as localbitcoins.com in the sense that a site works as an escrow party to buy and sell Unobtanium instead of Bitcoin. Not necessarily literal local people in the same town. That would be great, although it's proven to be really far fetched in actually working. Whereas, localbitcoins.com I can go and deposit money in someone's bank account at Wells Fargo by walking into the lobby and depositing into their account whatever amount we agreed upon, and I can't be ripped off by the seller because localbitcoins.com already confirmed he sent the amount of Bitcoin, and it's released once the deposit is made. I've only bought on there about 5-6 times but it was always very fast with the top rated sellers. They were all the way across the country each time I purchased, so not technically local, but basically a good OTC trading platform. THIS is what I want to see for UNO.

Morning, D L Ex-ers!

One: I understood ‘LocalUno’ as RD does.

Two: B.N. has provided me a block of data to consider: what ‘suite of trading-pairs’ is most likely gonna hold sway here?’

N.B.: exactly the point of ‘the social aspect’ of the D L Ex is that we don’t get hot under the collar. Everything is – should be – up for discussion. My two cents’ worth this morning then is:

I think Uno-Eth would be a fine trading-pair.

Three: we have a member – RD – who has experience of LocalBitcoins – niiiiice!

Four: wanna post thoughts on how you think Uno’s price is gonna go when the dump comes? (Tee hee – spontaneous Coretanium-ising goin' on!)

Market Report: 3.16 Bitcoin in buy-support

Rise like lions after slumber
In unfathomable number
Shake your chains to earth like dew
That in sleep have fallen on you
Ye are many, they are few.

(Shelley)

' . . . proclaim it, Westmoreland, through my host,
That he which hath no stomach to this fight,
Let him depart . . .

Shakespeare

Market Report Today: 2.76 Btc in buy-support

Me? I'm keeping my powder dry for the dump. (Any details on when?) But this exchange/thread is alive and well.

And it's interesting to check the buy-sell splits of other coins: Uno's is tight. So are Diamond's and Apple's. But Zeit's is 50% (trading one satoshi against two . . . ). And CBX's is well over 20%.

' . . . To make way for cryptocurrency in India, entrepreneurs need to sell the products based on the advantages of cryptocurrency, rather than the cryptocurrency itself.” '

https://cointelegraph.com/news/india-may-overtake-china-in-bitcoin-use

Gee! [my italics]

And: ' . . . In the past all Bitcoin trades have been offline . . . ' ibid.

And I'm puddling about with a TX wallet.

And this is great weekend reading: http://www.zerohedge.com/news/2016-09-24/merkel-rules-out-bailout-deutsche-bank-depositor-bail-coming

Market Report: 4.56 Btc in buy-support

And I'm goin' over and over the little data I have, to see if I can figure out how much buy-support will be available.

D L Ex -- 'turtle-power approved'!

Market Report: 6.2 Btc

Anyone own Transfer Coin? I'm muckin' about with my first dark-coin wallet.

EDIT: check the fabulous string of articles about unsound banks: http://www.zerohedge.com/

i can'nt help but notice the support is ... on the rise ... easy Wave if you rode in Wink

_{This message is 'turtle-power approved'!}