Title: 2015: the year of the decentralized bitcoin exchange? Post by: Shuai on January 06, 2015, 01:33:46 AM https://www.youtube.com/watch?v=TtCVRIwcBYU&index=1&list=PLjgfpSQFJTLqbgHm8mkgPdD-ma7t0bRhK
Thoughts on how a decentralized exchange will impact bitcoin and the bitcoin ecosystem? I think bitcoin would be at at least 3000 today if there had been no gox, no bitcoinica etc... Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: visual111 on January 06, 2015, 05:22:24 AM NXT has a distributed exchange. not quite decentralized though
Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: arbitrage001 on January 06, 2015, 06:44:55 AM Decentralized concept is a pipe dream. Large scale efficient manage of data and resources required a seed server (centralized) to keep track of everything.
Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: CoolBitX on January 06, 2015, 06:56:57 AM We are working on a exchange site that will not keep users bitcoins but only fiat. The trade system is like Bitstamp where buyers/sellers post orders and deals are made when prices match. How does this sound? No more Mt gox tragedy.
In order to make this possible, users have to use our CoolWallet (a form of cold storage). http://coolbitx.com/coolwallet/index.html The exchange site will go live in about a month. Let's make Bitcoin easier and safer to use. :) Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: Willisius on January 06, 2015, 07:08:11 AM I think it would be somewhat difficult for a decentralized exchange to have any kind of significant amount of volume. In order for a decentralized exchange to work in a truly decentralized fashion any time someone were to make a trade it would need to be confirmed by the miners.
I would say that the OTC market may have potential to grow Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: cbeast on January 06, 2015, 07:09:33 AM We are working on a exchange site that will not keep users bitcoins but only fiat. The trade system is like Bitstamp where buyers/sellers post orders and deals are made when prices match. How does this sound? No more Mt gox tragedy. Very cool wallet indeed!In order to make this possible, users have to use our CoolWallet (a form of cold storage). http://coolbitx.com/coolwallet/index.html The exchange site will go live in about a month. Let's make Bitcoin easier and safer to use. :) Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: zetaray on January 06, 2015, 07:15:55 AM Order execution priority is going to be a major problem for a true decentralised exchange. The queue system will be messy at high transaction volume. Decentralised exchange will be experimental in 2015.
Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: LiteCoinGuy on January 06, 2015, 07:19:21 AM Start-up Showcase -Coinffeine
https://www.youtube.com/watch?v=evyidvV7Xqw Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: cbeast on January 06, 2015, 07:38:37 AM Start-up Showcase -Coinffeine "Bitcoin Strikes Back" (2015)https://www.youtube.com/watch?v=evyidvV7Xqw Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: cbeast on January 06, 2015, 07:39:32 AM Start-up Showcase -Coinffeine "Bitcoin Strikes Back" (2015)https://www.youtube.com/watch?v=evyidvV7Xqw Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: Kprawn on January 06, 2015, 07:45:37 AM Hey, we might as well try it, it's not as if the current method of doing it, is working.
I see the current Bitcoin exchanges as one of the largest weak points for the currency to grow to it's full potential. The BTC protocol is working, but the supporting systems are still centralized. A decentralized order book, may just be a step in the right direction. ;D Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: freequant on January 06, 2015, 07:59:09 AM Quote 2015: the year of the decentralized bitcoin exchange? 2014 was already quite a year for RippleTitle: Re: 2015: the year of the decentralized bitcoin exchange? Post by: cbeast on January 06, 2015, 08:03:31 AM Start-up Showcase -Coinffeine I recall the Holy Grail thread. Looks like they may have it.https://www.youtube.com/watch?v=evyidvV7Xqw Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: achimsmile on January 06, 2015, 08:24:44 AM Quote 2015: the year of the decentralized bitcoin exchange? 2014 was already quite a year for Rippledecentralized Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: jubalix on January 06, 2015, 08:52:19 AM this conversation happened post gox.
Nxt is probably the best *decentralized* exchange atm. However the problem is real decentralization comes when the bank does not know you are puting money in or out of the decentralized exchange. Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: freequant on January 06, 2015, 08:55:57 AM Quote 2015: the year of the decentralized bitcoin exchange? 2014 was already quite a year for Rippledecentralized Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: Frabcesco on January 06, 2015, 09:02:35 AM the year of exchanges is 2013
I just to want to do forex trading in2015 :o Title: Re: 2015: the year of the decentralized bitcoin exchange? Post by: Brother Darkness on January 06, 2015, 09:15:36 AM the year of exchanges is 2013 I just to want to do forex trading in2015 :o But this is about decentralized exchanges, which are very much needed like decentralized marketplaces in my opinion. And yes, I think they will see an emergence and gain traction this year. |