Why wouldn't they be able to sell these 'useless-to-them' coins @ an exchange where people find them not to be so 'useless'? Or am I missing something here?
As far as the depth of the order book, I'm not sure on that I'll have to find out.
Also, with the marketplace you can sell whatever thing at a given price, and modify said price whenever you'd like.
Well right now they have been operating in a universe or multiverse in which very few of the currencies/assets in use actually appear on any of the types of exchange altcoin users are used to, which is to say website type exchanges where the public goes to the website and trades on it.
(Most players would just visit their guild, chat with the guildmasters, find out what the going rates were, and have their guild officers execute trades on the Open Transactions system on their behalf.)
Most of the coins that were originally created as blockchains have long ago switched from using blockchains because even using merged mining it turned out that blockchains are not practical to secure; you cannot get enough merged mining pools to support your coins so you end up with so little hashing power the coin cannot possibly be viewed as secure.
That is why we moved to Open Transactions in the first place, there were a number of nations and corporations that had coins in which there were 21 million coins, like bitcoin, but in which long ago all the coins were issued so there were no longer rewards available to miners for mining them, other than transaction fees.
We can see from what is happening with IXCoin and I0Coin how that is likely to turn out, so we moved to the Open Transactions platform to avoid the need for miners.
So look again at two players, one of whom is a Brit, a member of Britclan, a user of Britclan's national coin, the United Kingdom Britcoin, and the other is a Canuck, a member of the Canuck clan, a user of the Canucks' national coin, Canadian Digital Notes.
For what do you propose they sell the useless-to-them platform coins, heck lets get specific and assume they do try to use the BURST platform. They want to buy coins that are used in their universe / multiverse, such as those listed at
http://galaxies.mygamesonline.org/digitalisassets.htmlOn the Open Transactions system we did actually have a platform coin of sorts, by turning on "usage credits" system we were able to prevent anyone doing any API calls without owning "usage credits".
But, the ":usage credits" on that system are deliberately not something you can trade, because another of their uses is as part of a Know Your Customer system; by having those usage credits available only directly from the system administrators Open Transactions enables system administrators to prevent anyone they do not know from using API calls. so that if they choose to do so they could refuse to issue any usage credits to anyone whose identity they are not satisfied with.
On Open Transactions you can pair any asset/currency against any other, and at any scale that is a power of ten, so you can have for example pairs at scale of millions where the governments and multi-nationals can trade in bulk with each other in "lots" of a million coins at a time, markets at scale of 100,000 where smaller players can break down a lot of a million into ten lots of 100,000 to sell at a profit, buying from the millions-scale markets, and so on down to markets where people can buy a single coin of a type at a time.
This was working very nicely actually, so much so that we are still looking into trying to migrate to the new Open Transactions system.
Maybe the problem with the huge numbers of platform coins is simply one of what is the saturation point at which the whales of the system will choke on the new incoming assets and find they no longer have enough platform coins laying around to be able to continue throwing them willy nilly at each new asset that comes along?
That is, maybe if I convince the nations and multinationals behind the major coins of the Galactic Milieu to each throw a few million of their 21 million coins into BURST, at a sufficiently high price in BURST, we can reach a point at which these whales that we fear have loaded themselves up with "enough" of each asset that they sit back and let some actual trading between the "new" assets take place?
But how much is this going to cost them in their own coins? I guess that is the problem.
It is possible that the real solution to all this is to clone one of the platforms and divide the billions or hundreds of billions of platform-coins among all the nations and multinationals that are behind our existing coins/assets, so that they themselves are the whales of the system...
Something like HORIZON might work if done that way, but, it would mean having to maintain the thing.
-MarkM-
you're aware that if you were to say... clone BURST... your mining would be on HDDs and thus MUCH less power than mining the other coins you were mentioning. OR, you use BURST to establish your assets and see how it goes. I personally think you could use BURST exactly in the manner you're needing.
I think BURST is a platform that you may find extremely interesting whether you choose to clone it and make your own coin with which you can establish your assets, or do as irontiga mentioned and create asset to asset trading pairs with Automated Transactions on an already established 8 PetaByte network.
Also @tiga - isn't it possible to have the exchange rate automatically calculated like you've done with the blockchain? We can just set a different value for each of the 'coins' he will be using as assets on the AE.
