[ANN] Syscoin - Business on the Blockchain

Quote from: Neo.op on August 09, 2014, 05:49:26 PM

Quote from: danosphere on August 08, 2014, 08:41:14 PM

(Snipped some of the quote just to cut back on length)

I may have incorrectly referenced the Syscoin certificates feature as a "smart contract" earlier on before I came to understand that "smart contracts" as commonly understood are "turing-complete" as planned to be implemented by Ethereum. After that realization I clarified this is not analogous to the certificates services within Syscoin- you're right they are more like smart properties in that they can be verifiably linked to an owner, and come from an issuer, thei content can be dynamic and is dictated by the issuer and their ownership history can be tracked and via the blockchain. I do apologize for the lack of clarity on that point.

Regarding bids/asks can you elaborate on that a bit? I can say at least for launch everything is fixed-price in terms of the Syscoin market service in that the seller dictates the cost they want to sell their item for (and the quantity they have to sell)- are you suggesting that even if a seller puts something on offer for 100sys that a buyer should have the ability to bid 80sys and if the seller is agreeable to that lower price they have the option of accepting the bid even though it is lower than their offer price? Just trying to better understand your suggestion, always looking for good ideas to help and improve Syscoin - thanks Wink

Well I think you have been corrected about the whole turing thing and ethereum already. Though if you are looking for a good example of smart contracts - personally I think ultra-coin's implementation is a pretty good example (note - its not an altcoin rather service name): http://ultra-coin.com/

As for the bids/asks, its near to your example. What I really mean is something like NXT's asset exchange. In a certificate (or asset, take your pick) market true price discovery can happen only if there is a continuous market. Now when you think in terms of car, yeah maybe it doesn't make sense. Think in another term, say I want to issue certificate for a pass through of Asciminer. Do you think it is better if I put a fixed price on it? Rather wouldn't it work better if there was a two way market?
Edit: Re-read OP. If you are targeting an amazon like marketplace where people can sell off their goods, then you dont need a two way market. The current implementation works. But then I wouldn't really call it a "financial infrastructure" rather just a "service based infrastructure"

Very cool thanks for the link, definitely something I'll read up on more just based on a quick skim of their website I see their using counterparty as well- need to read more on this Grin

I think your example of a pass through of Asicminer is probably more apt for the bid/ask structure and Syscoin is flexible in the sense that we could do something like this its just a different transaction type. As long as the transaction is well structured (as a bid/ask system is) then it can be implemented as a new type of transaction. We don't want to implement just anything we're looking to implement things that compliment the feature set and goal we're looking to achieve. We just had a very enlightening conversation with Sidhujag here from the forums where we discussed a bid/ask system similar to what your describing but related to bounties.

The amazon example I mention is just one of many different types of marketplaces / implementations that could occur on top of Syscoin. We don't want to get ahead of ourselves and I feel like we already have enough "change" coming with the initial Syscoin service set that we'll let the launch feature set loose on the market and see what happens, fix things if/as need and adjust service fees as needed. Once the initial launch featureset has stabilized a bit we'll be pushing into new features and to be honest we're already discussing and designing these features even ahead of the launch (like trustless escrow).

	Author	Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! (Read 490181 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (109 posts by 1+ user deleted.)