Quote from: JordanLee on May 08, 2015, 07:31:20 PM

whoever places the largest successful bid (as measured in USD or NuBits) in the auction that ends on the 12th. "Successful bid" means the auction

Just for clarifying. Here largest bid means (price * number of shares) assuming the bid matches the auction conditions ?

Quote from: JordanLee on May 09, 2015, 07:05:55 PM

The answer to cryptog1's question depends on how you define "smart contract". If you define a smart contract as something that occurs on a single blockchain without any external dependencies, then smart contracts could never be used to create a decentralized exchange that trades assets on foreign blockchains. If you define smart contracts in a way that permits consideration of events beyond the native blockchain, then the exchange agreements crafted on B&C constitute smart contracts. My understanding of the essence of smart contracts is that their terms, execution and outcome are automated using a blockchain. Using this definition orders placed and filled on B&C Exchange are certainly smart contracts.

Tks a lot for this clarification. This is exactly the answer I was expecting. More generally, I do think that "smart contracts" are rather a buzz word that just expresses in a fancy way some scripts that are executed in a trustless way within the blockchain so in this sense Nu has smart contracts and b&c would certainly too.