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RE: BitShares Hangout #45 | 2017-11-04 | Sat @100PM UTC | OpenSource Agenda [Beyondbit Payouts Powered by SP!]
Project/Topic Name/News Piece
Real Bitcoins To/From the Bitshares DEX
#bitshares #bitcoin #blockchain
Appropriate links to share?
Steemit and/or Mumble account name of Representative/Speaker
How should we Introduce you/your project/your news coverage?
- @intelliguy wants to talk about a possibility of two bitcoin users exchanging bitcoin for BTS on the Bitshares network in a decentralized way without needing a gateway or centralized exchange, using Bitshares witnesses as the verifier.
(Hard fork may be required, but maybe not?)
What is your bitshares account name?
- intelliguy-bts
Show up and tell me if this is a GREAT idea, or if there are flaws. I think it's pretty darn good so far!
If you want to hear about this idea on mumble radio, please upvote THIS COMMENT.
This is one of the most voted for feature in OL's BTS3.0 bitsharestalk thread:
https://bitsharestalk.org/index.php?topic=25187.0
I already exchange (real) bitcoin for bitshares or one of many crypto for other crypto on bitshares internally/externally to help users in the community. So I say it is a good idea and that it works. Just have to see who is interested. Suggest finding trusted accounts/people to carry out the transactions safely. Such as witnesses as mentioned.
Glad to hear it. I hope I see you there if you can make it?
I swapping BTS for BTC in a trustless way is a crosschain atomic swap. I though you were going to talk about a trustless gateway for bitcoin? like a sidechain where people can deposit bitcoin on the dex in a semi trustless way?
Now that the talk is over, I wanted to focus on user perception of usage (after coming from centralized exchanges)...
The other part was using Subway sandwiches and Fiat as an "atomic swap" comparison. As you can see, I might have been talking about similar things as atomic swaps or trustless BTC gateways... but I needed to say it in a way that gets regular users voices heard as we move forward. I think now it makes more sense (after hearing the way I made the presentation) as to why I wanted to do what I did. :)
Thanks for your comments during the show. They were helpful.