can you remove my order please.
Order book updated.
Maybe traders should send beforehand funds to Maxmint/Pouncer and they do the deals with a fee included for them!
Maybe a little too complex - but...
A hybrid includes '
funded' offers. A green shading behind an offer in the order book indicates funds are already on deposit with the escrow agent. All one has to do to claim the offer is send the counter funding! Deals done instantly. Not as good as the DEx - but far more efficient than what we have today.
I like this idea, this would make trading a whole lot easier and faster for both sellers and buyers.
On the other hand it would massively increase my and Pouncer's workload and expose us to the risk of holding other people's Mastercoins.
So we definitely would have to charge a fee for this. But I guess most of you wouldn't mind a small fee for a service like this.
The beautiful thing about such a situation is that it doesn't impose or force anything - it lets the market decide. I strongly suspect that funded offers will be heavily favored, and likely command a premium. That will take the place of large orders currently commanding a premium.
This will take profits away from those actively arbitraging the coins...but putting those profits into the growth of Mastercoin through easier transactions is in every holder's best interests. Further, it gives even more justification to reward Pouncer and Maxmint for their substantial efforts.
Anything that reduces transactional friction opens the door for greater adoption.
I hope we give this revision a shot.