Bitcoin Forum
July 19, 2019, 05:17:12 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Building a free exchange  (Read 543 times)
andrewbb
Member
**
Offline Offline

Activity: 81
Merit: 10


View Profile
April 06, 2014, 08:45:10 PM
 #1

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?
1563513432
Hero Member
*
Offline Offline

Posts: 1563513432

View Profile Personal Message (Offline)

Ignore
1563513432
Reply with quote  #2

1563513432
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
hashman
Legendary
*
Offline Offline

Activity: 1116
Merit: 1006



View Profile
April 07, 2014, 05:41:47 AM
 #2

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. 

                                           ▄▄███████▄▄
      ▄▄███████▄▄                       ▄███████████████▄      ▄▄███████▄▄
   ▄███████████████▄    ▄▄███████▄▄    ███████████████████  ▄███████████████▄      ▄▄███████▄▄
  ██████▀▀▀▀▀▀▀▀█████▄███████████████▄██████▌  ▐███▀▀▀████████████▀▀▀▀▀███████  ▄███████████████▄
 ███████   ▄▄▄▄▄█████████████▀▀▀▀▀██████████   ███▌  ▐█████████     ▄▄▄███████████████████████████
████████   ▀▀▀▀██████████      ▄▄▄█████████▌   ▀▀▀   ██████████   ▀▀▀▀██████████████   ███   ██████
████████   ▄▄▄▄█████████████▌  ▐███████████   ▄▄▄▄   ██████████▌   ▄▄▄███████████████   ▀   ████████
████████   ▀▀▀▀▀████████████▌  ▐██████████▌  ▐███▌  ▐██████████▌   ▀▀   ██████████████▌   ▐█████████
 ███████▄▄▄▄▄▄▄▄█████████████   █████████████████▄▄▄████████████   ▄▄▄███████████████   ▄   ████████
  ███████████████████████████   ████████▀███████████████▀  █████████████████████████   ███   ██████
   ▀███████████████▀███████████████████    ▀▀███████▀▀      ▀███████████████▀  ███████████████████
      ▀▀███████▀▀    ▀███████████████▀                         ▀▀███████▀▀      ▀███████████████▀
                        ▀▀███████▀▀                                                ▀▀███████▀▀
.BET











▐████████████████████▌
  ██████████████████ 
  ██▄▄        ▄▄██▄ 
  ████
██████████████ 
  ███████
███████████ 
   █████
███████████   
   ▄██████████████▄   
  ▄████████████████▄ 
  ██████████████████ 
  ▐██████████████▌ 
   ▀▀    ▀▀▀▀    ▀▀   
  ██████████████████ 
  ███████████████████ 
..PLAY NOW..











GreedyBoy
Member
**
Offline Offline

Activity: 171
Merit: 10


View Profile
April 07, 2014, 07:56:24 AM
 #3

It doesn't make any sense for me  Sad
andrewbb
Member
**
Offline Offline

Activity: 81
Merit: 10


View Profile
April 07, 2014, 04:37:15 PM
 #4

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.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!