Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Trader Steve on June 17, 2012, 04:23:09 PM



Title: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 17, 2012, 04:23:09 PM
In keeping with the spirit of decentralization we are proud to introduce another tool to help you find local trading partners to facilitate your bitcoin exchanges and improve liquidity.

The benefits are many:

  • Build your local bitcoin trading network
  • Trade for cash
  • Stay away from centralized exchanges
  • Avoid the banking system entirely
  • Maintain your privacy - No ID required!
  • Faster exchanges

What makes TradeYourBitcoin.com (http://TradeYourBitcoin.com) different?

  • Simplicity of use
  • Only sellers need create a listing (consisting only of an email address)
  • Buyers just enter their zip code to find local sellers
  • Nothing complicated to configure or calculate
  • Language translation into 65 different languages
  • Negotiate directly with the seller via email and trade in person for cash

Check it out – it's FREE. Start building your local trading network today!

http://TradeYourBitcoin.com



Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Phinnaeus Gage on June 17, 2012, 04:38:08 PM
Is the English language option missing? The closest seller to me is only 1,600 miles. Cool!

I love your site, BTW.

~Bruno~


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 17, 2012, 04:45:09 PM
Is the English language option missing?

English is the default language.

Quote
The closest seller to me is only 1,600 miles. Cool!

Yes, therein lies the opportunity for local sellers to list themselves :) - it's a brand new site so folks should list themselves if they want to have local buyers pay them in cash for their bitcoin.

Quote
I love your site, BTW.

Thanks!


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: aq on June 17, 2012, 05:26:13 PM
For me, as a user, what is the difference to http://localbitcoins.com/ (http://localbitcoins.com/) ?


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: TraderTimm on June 17, 2012, 05:31:00 PM
Nice site.

If you sign up for square, you could have them pay by credit card on your smartphone - though I don't know what their chargeback policies are. Perhaps cash is best.

Like to see the userbase grow of course, but its a good start.

Update:
Hmm, just checked - they say it is %2.75 for swiped cards. So on a transaction of $100, that amounts to an extra $2.75. Not bad... apparently there are no chargeback fees, either. Business opportunity?


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 17, 2012, 05:38:38 PM
For me, as a user, what is the difference to http://localbitcoins.com/ (http://localbitcoins.com/) ?

Localbitcoins.com is a great site. I recommend that buyers and sellers use all of the sites to improve their liquidity and opportunities for trading. TradeYourBitcoin.com (http://TradeYourBitcoin.com) is intended to be more streamlined and simple. Only sellers need create a listing. Buy and sell prices are negotiated directly between parties. Also, TradeYourBitcoin.com (http://TradeYourBitcoin.com) allows for 65 different language translations so it has a nice, global reach.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 17, 2012, 05:40:46 PM
Nice site.

If you sign up for square, you could have them pay by credit card on your smartphone - though I don't know what their chargeback policies are. Perhaps cash is best.

Like to see the userbase grow of course, but its a good start.

Update:
Hmm, just checked - they say it is %2.75 for swiped cards. So on a transaction of $100, that amounts to an extra $2.75. Not bad... apparently there are no chargeback fees, either. Business opportunity?

Great idea although the philosophy behind the site is to help people avoid the banking system altogether. Nevertheless, people are welcome to trade via credit cards, PayPal, etc. Cash is still "King" though! :)



Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: TraderTimm on June 17, 2012, 05:46:52 PM
Was checking on the legal part for Square -- and although they don't specifically target bitcoin, the following statements from here may invalidate usage for it:

https://squareup.com/legal/ua

Quote
"By creating a Square Account, you also confirm that you will not accept payments in connection with the following businesses or business activities: < snip > (15) financial institutions offering manual or automated cash disbursements, (16) financial institutions offering merchandise and services, (17) sales of money-orders or foreign currency by non-financial institutions, etc..."

Too bad, eh? Payment processors are real kill-joys.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 17, 2012, 05:51:43 PM
Was checking on the legal part for Square -- and although they don't specifically target bitcoin, the following statements from here may invalidate usage for it:

https://squareup.com/legal/ua

Quote
"By creating a Square Account, you also confirm that you will not accept payments in connection with the following businesses or business activities: < snip > (15) financial institutions offering manual or automated cash disbursements, (16) financial institutions offering merchandise and services, (17) sales of money-orders or foreign currency by non-financial institutions, etc..."

Too bad, eh? Payment processors are real kill-joys.

Yes, that's why bitcoin was invented!   ;)


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: kangasbros on June 17, 2012, 07:46:44 PM
Congrats on the new site :)

Why I think that localbitcoins.com is better is because your site lacks price signaling - it is the very basic need for functional market.

Other than that, it might well be that people are not that interested in trading bitcoins with cash, after all. But we will probably see about that in the future.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 17, 2012, 08:16:48 PM
Congrats on the new site :)

Why I think that localbitcoins.com is better is because your site lacks price signaling - it is the very basic need for functional market.

Other than that, it might well be that people are not that interested in trading bitcoins with cash, after all. But we will probably see about that in the future.

Thanks! The price signals are there - they are just not public. Price is negotiated directly between the parties. Just like the prices for outlawed drugs. They are not posted publicly but price is still communicated throughout the market with every transaction. With that said, general market prices for reference are also available at BitcoinWatch.com (http://BitcoinWatch.com) and other sites. We'll soon post the current exchange rates from the major exchanges on the site for convenience though.

When banksters and statists step up their attacks on bitcoin by locking users out of the banking system (which they've already started), the demand for local cash transactions will rise. It is not a matter of "if" but only a matter of "when".

That is why it is so important for people to develop their local trading networks now. Don't become dependent on the banking system for your bitcoin trades. When you trade cash for bitcoin - you are trading cash for cash - one is digital and one is physical.

Money in a bank is simply a promissory note from the bank stating they will pay it back to you when you demand it (hence the term "demand deposits"). We all know how good banks and central planners are at keeping their promises! I prefer to have cash in hand over money in the bank. I think many Greeks, Argentines, Zimbabweans and everybody else who's lived through a national bankruptcy or hyperinflation would agree with me.



Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 17, 2012, 08:42:56 PM
Case in point re: banks (bitcoin mentioned at 22:40):

http://www.youtube.com/watch?v=STfEPWB6MJs&t=20m50s


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: TraderTimm on June 17, 2012, 11:32:09 PM
< snip >
When banksters and statists step up their attacks on bitcoin by locking users out of the banking system (which they've already started), the demand for local cash transactions will rise. It is not a matter of "if" but only a matter of "when".

That is why it is so important for people to develop their local trading networks now. Don't become dependent on the banking system for your bitcoin trades. When you trade cash for bitcoin - you are trading cash for cash - one is digital and one is physical.

Good point, I suspect this will occur as well if the current trends continue. Perhaps staging an .onion based site within the Tor network would be prudent.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 17, 2012, 11:56:34 PM
< snip >
When banksters and statists step up their attacks on bitcoin by locking users out of the banking system (which they've already started), the demand for local cash transactions will rise. It is not a matter of "if" but only a matter of "when".

That is why it is so important for people to develop their local trading networks now. Don't become dependent on the banking system for your bitcoin trades. When you trade cash for bitcoin - you are trading cash for cash - one is digital and one is physical.

Good point, I suspect this will occur as well if the current trends continue. Perhaps staging an .onion based site within the Tor network would be prudent.


Yes, if BB outlaws bitcoin exchanges then exchangers would have to go underground and "in person" exchanges with people you don't know would be vulnerable to "sting" operations. You would have to trade only with people you trust and the same risks would exist as would with any other banned item. All the more reason to develop your trusted trading partners now. Of course no one should break a law because we all know that every law is completely moral and justified - just ask Hitler, Stalin, Lenin, Pol Pot, Mao, etc., etc.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Raoul Duke on June 18, 2012, 12:05:13 AM
Warning: Invalid argument supplied for foreach() in /var/www/virtual/tradeyourbitcoin.com/htdocs/index.php on line 161


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 18, 2012, 12:07:08 AM
Warning: Invalid argument supplied for foreach() in /var/www/virtual/tradeyourbitcoin.com/htdocs/index.php on line 161

Thanks, we'll check this out.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: barbarousrelic on June 18, 2012, 01:30:18 AM
What we need is a decentralized network linking all the decentralized Bitcoin exchanges.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 18, 2012, 09:07:26 PM
Warning: Invalid argument supplied for foreach() in /var/www/virtual/tradeyourbitcoin.com/htdocs/index.php on line 161

Fixed! I'm sending you some coin for the "heads up" - thanks!


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 18, 2012, 09:09:26 PM
We've just added the major exchange rates to the page. Working on some other improvements as well :)

Check out the latest:
http://TradeYourBitcoin.com



Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 19, 2012, 06:45:39 PM
FYI: If you tried to list yourself as a seller on the site a couple of days ago you might have had a problem getting listed due to a minor code error. Everything is working fine now so please feel free to list yourself again and expand your trading opportunities!

Remember: "Say 'NO' to banks!"  :)
Trader Steve



Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 20, 2012, 07:33:01 PM
I've just concluded a local, person-to-person exchange - now that's "personal banking"! The best part? No bank fees and no exchange fees!

Say "NO" to banks!
Trader Steve


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: TraderTimm on June 21, 2012, 06:52:36 AM
I'm a fan, although I haven't done a trade person-to-person yet. Good work!


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on June 30, 2012, 07:23:37 AM
I'm a fan, although I haven't done a trade person-to-person yet. Good work!


Thanks! I've just done another "person-to-person" exchange and I really like cutting out the banker middlemen. I've been building a personal email list of local traders that I've conducted trades with in the past and I send out an email notice whenever I need to buy or sell. When I do this I don't have too much difficulty getting orders filled fairly quickly. Also, a simple craigslist posting has worked for me too.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: mystery2048 on June 30, 2012, 10:44:05 AM
Interesting project...


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on July 14, 2012, 02:48:49 PM
Sorry to hear about the losses to people who've had money on the various exchanges. This is why building your local trading networks is so important. The user base steadily increasing on TradeYourBitcoin.com so this can only be good to help facilitate local exchanges. I'm not interested in making money off of this site, I'm only interested in making bitcoin stronger and more liquid through local trading networks. If you haven't listed yourself as a local trader consider doing so - that way you can avoid the centralized exchanges as much as possible.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: TheButterZone on July 18, 2012, 11:15:51 PM
May want to stick a title in the head tags.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on July 19, 2012, 03:08:21 AM
May want to stick a title in the head tags.

Thanks! Will do.


Title: Re: [ANN] – TradeYourBitcoin.com – The Decentralized Exchange
Post by: Trader Steve on August 11, 2012, 04:39:40 PM
Lot's of new sellers have listed their contact info in the database so if you're looking to buy or sell stop by the site and see if you can make a local trade and avoid the banking system, it's associated fees and lack of privacy. Cheers!