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Title: Is BarterDEX the solution to Chinese exchange ban? Post by: boomboom on September 11, 2017, 08:20:47 AM https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex
P2P trading using atomic cross chain swaps without any exchange intermediary ... still legal in China? I think YES Title: Re: Is BarterDEX the solution to Chinese exchange ban? Post by: Filmmmakerr on September 11, 2017, 08:42:50 AM I think in a few months we'll find out if that really makes a difference but at this time its too soon to tell.
Title: Re: Is BarterDEX the solution to Chinese exchange ban? Post by: sjbi on September 11, 2017, 08:58:54 AM https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex P2P trading using atomic cross chain swaps without any exchange intermediary ... still legal in China? I think YES This (these) are the future of exchanges. But again cryptocurrency as a whole is not illegal in China and they too could legalize ICO after placing some regulations. Title: Re: Is BarterDEX the solution to Chinese exchange ban? Post by: jjdub7 on September 11, 2017, 09:40:48 AM https://supernet.org/en/technology/whitepapers/BarterDEX-a-practical-native-dex P2P trading using atomic cross chain swaps without any exchange intermediary ... still legal in China? I think YES In China everything could become legal or illegal - by decision of the People's Party. They can easily made and P2P trading illegal, if decided so. For example torrents are P2P exchange of information and are illegal in most country /music,movies/. Title: Re: Is BarterDEX the solution to Chinese exchange ban? Post by: boomboom on September 11, 2017, 09:49:58 AM If OTC trading is still allowed, which many sources are saying is the case, then I think P2P trading using BarterDEX would be legal, as would localbitcoins.
If bitcoin is still legal to own in China, then 'bartering' with another person for a coin swap would be OK I think. Very interested to hear some opinions from Chinese crypto folks on this, would they use BarterDEX if this exchange ban goes ahead. https://www.youtube.com/watch?v=5ybTtvOWnvQ Demo of using BarterDEX http://i67.tinypic.com/10pn2vs.png (https://www.youtube.com/watch?v=bf371VQRh0M&feature=youtu.be) Title: Re: Is BarterDEX the solution to Chinese exchange ban? Post by: Specterminate on September 11, 2017, 03:32:12 PM there are going to be many innovations coming.. exchanges are becoming autonomous but regulatory scrutiny will still exist.. wonder how things will develop
Title: Re: Is BarterDEX the solution to Chinese exchange ban? Post by: boomboom on September 13, 2017, 03:24:57 AM there are going to be many innovations coming.. exchanges are becoming autonomous but regulatory scrutiny will still exist.. wonder how things will develop As long as BTC and cryptos generally stay legal, then tools like BarterDEX (where trading is P2P and no exchange is involved) will keep adoption growing. Centralised exchanges are like trainer wheels on a bike, once you can stay upright on your own, why keep them? Title: Re: Is BarterDEX the solution to Chinese exchange ban? Post by: ptytrader on September 17, 2017, 02:06:39 PM BarterDEX dICOs are not an initial coin offering by definition. Due to the mechanism, the developer issues the token, then he splits up the txs and lists them in BarterDEX. Then the user buys into the coin with their Komodo as to maintain privacy. However, the coin is available right away, it's like buying a token on a secondary market like Bittrex. Therefore it's not a traditional coin offering. On top of this, end-users can leverage Jumblr technology to keep their investments private.
In any case, the real win here is that we now can build applications based on this technology to provide people with a decentralized exchange that can launch dICOs, has distributed liquidity, and cannot be affected by petty regulations. |
