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RE: Calling All Developers to Create an Exchange

in #steemit6 years ago

Ummmm.... NO.

The way exchanges get rich currently is that they sell / trade cryptos in excess of what they really have. We are about to see a lot of exchanges suddenly explode. Suddenly have a "theft" just like Mt.Gox. And those who do not have their cryptos in their own wallet will find they have nothing.

However, i have a brilliant sollution for you.

An exchange called BitShares.
bitshares.org

They are actually what Blocktrades trades through.
An exchange that has multiple currencies. (including STEEM and SBD)
A cryptocurrency that is used to swap between other cryptos and is a good store itself.
Its only problem is not many traders. So, come, join us.

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Blocktrades was discussed in the post. It is an OTC exchange. An OTC exchange will never be able to compete with the volume of a centralized exchange. Unfortunately it will never be large enough to make any difference.

Blocktrades is not BitShares. So, i do not know what you are referring to.

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