Saturday, November 5, 2016

Ethereum, Bitcoin and Trading pits

How do they fit together?


Ethereum is a coin that can buy and sell contract enforcement on the Ethereum network. The Ethereum system is a verification and enforcement, just what the trading pit needs.

The trading pit contracts last about millisec, you drop your bid and hope for the best. But once the pit boss has resolved a trade, it goes to Ethereum for enforcement of the fulfillment purchased.

So, if Ether coins buy me a beer, then sure, fund me and I write code.  Otherwise, any of ten thousand smarter people than me can assembly the trading pit and make it free to everyone.


Dump them into the pit, they work fine.

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