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Author Topic: Do you need an options exchange?  (Read 1099 times)
wangxinxi (OP)
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October 15, 2014, 01:29:36 PM
Last edit: October 15, 2014, 02:03:31 PM by wangxinxi
 #1

I just launched a bitcoin options exchange (https://coinut.com), which is a fair market for you to trade instead of betting, and I don't participate in any trades.
It seems that not many people buy it, or they actually need it and just don't know its existence?

What do you say?
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October 15, 2014, 02:44:52 PM
 #2

Who are we trading against? IS it a decentralized markets where we trade with each other or do we trade against you?


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wangxinxi (OP)
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October 15, 2014, 02:47:41 PM
 #3

Who are we trading against? IS it a decentralized markets where we trade with each other or do we trade against you?



You trade with each other. I just watch and maintain. That's why I say it's a fair market.
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October 16, 2014, 01:44:24 AM
 #4

Who are we trading against? IS it a decentralized markets where we trade with each other or do we trade against you?



You trade with each other. I just watch and maintain. That's why I say it's a fair market.
Exchange this should be so, otherwise it can only be called Changer.

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wangxinxi (OP)
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October 16, 2014, 01:54:08 AM
 #5

Who are we trading against? IS it a decentralized markets where we trade with each other or do we trade against you?



You trade with each other. I just watch and maintain. That's why I say it's a fair market.
Exchange this should be so, otherwise it can only be called Changer.

Yah, that's how "exchange" is defined.
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October 16, 2014, 01:56:28 AM
 #6

No phone number or address on the Contact link.  Just a "support" email address.
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October 16, 2014, 02:34:38 AM
 #7

It would be good to be able to see what the offers are on options for various different time periods/contracts, but I couldn't see it on your site.

wangxinxi (OP)
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October 16, 2014, 02:53:04 AM
 #8

No phone number or address on the Contact link.  Just a "support" email address.


We changed our address yesterday. I just added the address. Currently, I have only my own mobile phone number and will add a phone number soon.
wangxinxi (OP)
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October 16, 2014, 02:55:13 AM
Last edit: October 16, 2014, 03:13:08 AM by wangxinxi
 #9

It would be good to be able to see what the offers are on options for various different time periods/contracts, but I couldn't see it on your site.


You can actually see after login or from the screenshots https://bitcointalk.org/index.php?topic=821889.new;topicseen#new. But I am planning to put them on the homepage so you can immediately see. There are BTC/USD, BTC/CNY, and BTC/EUR. For each of them, there are 6 time periods from Monday to Saturday.

I am planning to add more longer periods. Do you have any suggestions?
Raystonn
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October 16, 2014, 03:39:35 AM
 #10

It would be good to be able to see what the offers are on options for various different time periods/contracts, but I couldn't see it on your site.


You can actually see after login or from the screenshots https://bitcointalk.org/index.php?topic=821889.new;topicseen#new. But I am planning to put them on the homepage so you can immediately see. There are BTC/USD, BTC/CNY, and BTC/EUR. For each of them, there are 6 time periods from Monday to Saturday.

I am planning to add more longer periods. Do you have any suggestions?

Make this a decentralized exchange and I'm there.
wangxinxi (OP)
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October 16, 2014, 04:05:12 AM
 #11

It would be good to be able to see what the offers are on options for various different time periods/contracts, but I couldn't see it on your site.


You can actually see after login or from the screenshots https://bitcointalk.org/index.php?topic=821889.new;topicseen#new. But I am planning to put them on the homepage so you can immediately see. There are BTC/USD, BTC/CNY, and BTC/EUR. For each of them, there are 6 time periods from Monday to Saturday.

I am planning to add more longer periods. Do you have any suggestions?

Make this a decentralized exchange and I'm there.


I am also considering using the multisig approach. But there are many technical issues to be solved and it may decrease user experience dramatically. There is always a tradeoff between security and usability.
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October 16, 2014, 04:08:20 AM
 #12

Multisig =/= decentralized
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October 16, 2014, 04:30:21 AM
 #13

For now, I don't need it, Bitcoin is too fragile, may soon collapsed  Undecided
wangxinxi (OP)
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October 16, 2014, 04:31:58 AM
 #14

Multisig =/= decentralized


For multisig, at least users' funds are decentralised. If you have any idea about a completely decentralised options exchange, which is also easy to use, I will be more than happy to know.
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October 16, 2014, 05:10:22 AM
 #15

There aren't any yet.  That would make you the first, like Bitcoin.
wangxinxi (OP)
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October 16, 2014, 01:09:55 PM
 #16

There aren't any yet.  That would make you the first, like Bitcoin.


As a researcher, I do like creating new technologies. But this is also a business, and it's a bit too expensive for me to do at this moment. Thank you for the suggestion anyway.
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