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BiblePay Current Discussion / Re: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)
« on: December 30, 2024, 06:02:30 PM »Hi Rob and Happy (belated) Christmas
I haven't posted in a while but still checking in from time to time.
Sorry to see that BBP still has no listing on any exchanges.
An idea came to me - not sure how feasible that would be - but here goes :
XRP ledger has a built-in dex (see XRPmarket and Sologenic)
So would it be possible to convert BBP to an XRP ledger token and have it trade on the XRP range of DEX's.
Best wishes.
PM
Hey Mr. D, nice to see you back and Merry Christmas to you too!
Yes, this is a horrible debacle to go through with Bololex, absolutely. I am not making an unfounded accusation, but thinking worst case possible, the crypto price appreciation lately would have caused quite an increase in value in their wallets, and maybe they took off with the funds. On the bright side if that happened I am glad not to be associated with any exchange that is "puny" or "unethical". If so, I lost 10MM bbp myself so hopefully others realize they are not alone on this. (I almost withdrew half the other week but forgot).
So, I have looked into XRPs ledger and that is cool, however there are some issues with it that are very long to go into here that make it very hard to create the market making oracle. Id have to pull up the thread I have offline to explain all that. There was also an SEC consideration. It affects both using the ledger for XRP and XLM (both coins that I love, btw). Ill check out that thread and see what the block is asap.
But in the mean time, I have some good news, we may actually turn this situation into a positive.
I believe I can write the first in-wallet DOGE exchange inside the BBP wallet. Basically, what we will do is have the wallet generate a DOGE address when it boots (DOGE-TRADING), and allow users to deposit DOGE into the BBP chain. We can create an atomic transaction that will execute only if the BBP from the Seller has sent the special TX on chain and the DOGE is verified in a block. Otherwise the BBP will not get mined by a sanc (yes, I know we can enforce this because Ive been studying the code). We can have an orderbook with limit buy/sells in the RPC, and let people place trades right in the wallet (limit orders). When they match, they generate atomic transactions. This will be completely decentralized.
If DOGE is not sent by the rogue wallet, the BBP atomic TX will not mine (meaning the Seller did not lose any funds).
If the DOGE is sent by a good wallet and the Rogue bbp user does not send the bbp atomic TX, it will not be in the memory pool with an IS lock, therefore the DOGE will not actually be sent by the other wallet.
This can all be automated too with the matching process, so no work is actually done by the user.
The amazing thing about this is then we would be listed on every exchange in the world where DOGE is listed, so liquidity would be unlimited.
However, before putting on rose colored glasses, we are still limited by the number of users using the core wallet and actually trading.
But it would be a good use case for BBP (first wallet to have built in exchange).
It would also be good to talk about on the BTCTalk DOGE thread for new DOGE users to come onboard.
Thoughts community?