TWITTER BANKING PROTOCOL

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TWITTER IS NOW BULLETPROOF PRETTY MUCH

IN 240 CHARACTERS YOU CAN TRANSACT AS A BANK AND INTERACT WITH OTHER BANKING USERS USING THE SAME PROTOCOL

IT WOULD BE FEASABLE FOR A BANK TO ISSUE CURRENCY AND BE CENTRAL BANK OF THEIR OWN CURRENCY AND USE THEIR TWITTER FEED IN ACKNOWLEDGING WIRES

TOTALLY NOT DIFFERNT. A CENTRAL BANK COIN HAS THE VALUE OF BEING VALUED AND KNOWN AS CENTRAL BANK COIN, A MARKETING MOVE THAT TAKES TIME, EFFORT, ESSENTIALLY ANY BANK CAN MODIFY THE AMOUNT OF THE MONEY VIA ISSUANCE OR TAKING IN IS THE CENTRAL BANK FOR THAT CURRENCY

IN THE TWITTER BANKING WORLD YOU WOULD CHECK THE BANKS ACKS PAGE FOR HAVING ACKED AN ORDER YOU POSTED ON TWITTER, AND THATS THAT, WIRE DONE

KEEP AN ACCOUNTING LOG OF WHAT ACCOUNT OWNS WHAT AMOUNT OF CURRNCY

OPTIONALLY: ISSUING THEIR OWN CURRENCY, SHARES TRADING AGAINST CURRENCY ACCOUNTS

USE SOME HASH ALGO, SIGN MESSAGE

@TWITBANK ISSUES CURRENCY $BESTUSD 1000

@TWITBANK DIMISHES CURRENCY $BESTUSD 1000

USE SOME HASH ALGO, SIGN MESSAGE RECEIVED LIKE THUS

@TWITBANK INTERNAL_WIRE_ID WIRE $BESTUSD 1000 REASON_FOR_PAY_OPTIONAL (FROM @WIRETWIT)

SIGNED WITH HASH OF @WIRETWIT

TWITBANK VERIFIYS HASH, AND CAN THEN JUST WITH TRUST

@WIRETWIT ACK WIRE WIRE_TWIT_WIRE_ID

SIGNED WITH HASH OF @TWITBANK

@KOHLAG ISSUE 100 SHARES OF BESTSHARES $BST 

SIGNED WITH SIGNATURE OF KOHLAG

@TWITBANK INTERNAL_NONCE SELL 100 $BST ISSUER @KOHLAG AT 0.33 BTC

SIGNED WITH SIGNATURE OF SHARE HOLDER

RESPONSE FROM @TWITBANK:

DEPENDS ON THEIR ORDER MATCHING THEY USE

USUALLY IN FUTURES, WHEN YOU PUT IN LOW PRICE AND HIGH BID IS UP YOU PAY YOUR PRICE (WORSE FOR YOU)

IN SHARES OTHER WAY (SINCE BITCOIN EXCHANGES YOU PAY MAXIMUM THE HIGHEST BID ON OFFER

EITHERWAY

ORDER IN SYSTEM ACKNOWLEDGED

@HOLDER ACK INTERNAL_NONCE

SIGNED WITH SIGNATURE OF @TWITBANK

ON SALE/BUY OF SHARES

@HOLDER SOLD 100 $BST ISSUER @KOHLAG AT 0.33BTC FOR 33BTC

SIGNED WITH @TWITBANK SIGNATURE

CANCEL ORDER

@TWITBANK CANCEL INTERNAL_NONCE

SIGNED WITH @HOLDER SIGNATURE

ACK BY BANK WITH ORDER

@HOLDER ACK INTERNAL_NONCE CANCEL

SIGNED WITH @TWITBANK SIGNATURE