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RE: The Future of Pocket

in #pocket7 years ago

It's harder than it sounds, at least it's hard to make it really work well. I thought about this a lot, because it would have added a lot of cool functionality. But we'd run into all the same problems that the Counterparty guys did when they tried to do that with BTC/XCP.

To run a real market book, the Pocket protocol would need to be able to control STEEM, which it can't. We could possibly do something much simpler than a market book where I post a personal offer to sell Pocket for STEEM, and the first person to send me STEEM with a particular something in the memo gets the Pocket. But that's just automated one-way escrow, and it has all sorts of its own problems to deal with.

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Or another type of bot. A want to sell POCKET for Steem and sends them too a bot with a command in memo:
pocketsend;1000@thebotname,10 STEEM
The bot waits for a transfer of the amount specified in the memo. B make a Steem transfer to the bot with @A as memo, the bot transfers the POCKET tokens to B and STEEM to A, takes a fee if needed. If no transfer has been done after X days, then POCKET tokens are refunded.

A can advertise the offer. The bot can reply to commands and can also have a presence on Discord for listing all available offers.