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September 10, 2014, 01:45:18 PM Last edit: September 23, 2014, 01:11:24 PM by mere-mortal |
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This Marketing thread will serve as a blueprint of future Outback Exchanges
Every Crypto barring the Crypto-Commodities will only be swappable with Back. Back is not spendable nor can it be withdrawn. It limits the liquidity. Back grows with The Outback economy.
I have asked and posted on The Aeon thread that I am prepared to take over the server, I have not been contacted, nor has anybody replied, so I don’t know what the communities whishes’ are or if anyone is in the process of purchasing. I am however adding it as a possibility here as Aeon can serve a purpose. Within The Outback, Aeon can fill the same roll as Silver and Diamondback and will be considered a Crypto commodity.
These commodities are traded on open exchanges and thus have a value, this value will peg the value of Back in much the same way that Bitshares is doing. The difference being that it is still mined and not generated and it cannot be spent, only used to swap/trade with Outback cryptos.
There are well over 7 M Silverback and 10 thousand Diamondback in existence. To give that a value of $100 dollars is not a stretch and thus $100 is the amount of Back I am going to start with. Remember that it is just a represention of value, as it is not purchasable and serves to limit the amount of trade that can happen at any given time, so it will remain at the value of $100 for now.
An example
Bob has Some Dosh and wants some Aeon
Jill is happy to Trade with Bob and offers 1 Back for 10000 Dosh, and Bob agrees.
1000 Aeon is equal to 1 Back, so Jill converts it and Trades with Bob.
Diamondback, Silverback and possibly AEON are the only Cryptos that are traded with Bitcoin, Altcoin and Fiat. This gives Back its value and all other Cryptos on The Outback are traded against Back. Within this thread this is laborious, but on a custom exchange it will be automated.
So this exchange thread will be moderated to allow the following pairs Current: Bitcoin/Diamondback BTC/DBK Bitcoin/Silverback BTC/SBK Diamondback/Back DBK/GBK Silverback/Back SBK/GBK Aeon/Back AEON/GBK Dosh/Back DOSH/GBK
Future: Yingbi/Back YING/GBK
PokerNote/Back PNote/GBK TNote/Back TNote/GBK BlueBalls/Back BLU/GBK CraftNote/Back Craft/GBK
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