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freicoin / freicoin-old

Bitcoin integration/staging tree
http://www.bitcoin.org
MIT License
26 stars 8 forks source link

Create a BTC/FRC exchange #62

Open maaku opened 11 years ago

maaku commented 11 years ago

Create an exchange for converting BTC <--> FRC.

This completes the initial mining ecosystem required to get mining pools on board: they can convert their Freicoin block rewards immediately into BTC to either cover their own costs or payout their miners (who are expecting BTC).

maaku commented 11 years ago

Pushing to someday/maybe list--I'm confident that whether we do it or not, an exchange will pop up in the first weeks/months of a deployed currency. We should focus our time on the other things that won't get done unless we do it.

Bicknellski commented 11 years ago

I think the sooner you do this the better so that people exchange FRC in a more fluid way.

krzyzan commented 11 years ago

Should be closed, as there is an exchange at https://cryptonit.net

Bicknellski commented 11 years ago

Note: BTC <> FRC not available on cryptonit. We need an exchange that does.

krzyzan commented 11 years ago

True. AFAIK, it is a matter of time when cryptonit will open direct FRC <-> BTC trading. Right now they are testing on minor cryptocurrencies, if demurrage is handled correctly on their side.

Bicknellski commented 11 years ago

Not likely to open BTC FRC anytime soon our only chance if for others to start FRC direct BTC exchanges now. Even now cryptonit is down because it got overloaded and went over its quota of bandwidth. Not promising at all.

Bicknellski commented 11 years ago

We have a new exchange... can you read Chinese? https://bter.com/trade/frc_btc And as of now Mugen is pulling FRC off his site and says he will copy and make a new version of FRC... wow what a tool.