Bitcoin Forum

The following is an outline to develop a Free and Open Source, Unhosted, Serverless, P2P Trading System. Please let me know of any suggestions.

I am deciding on whether to offer a bounty or outsource the coding. I have reviewed everything I could find on the forum regarding decentralized p2p exchanges before posting, but may have missed something.

Marketcoin and Bitshares appear to be the closest to what I describe below.


Proposal for P2P Trading Platform Development

Initial MVP (Minimum Viable Product):

    1. choose 2 popular crypto currencies
    2. create a public voting wallet for each
    3. create a client trading app which
        a. accepts buy and sell orders from users with accompanying currency
        b. stores currency for offer in corresponding public wallet
        c. executes trades
        d. transfers currencies for completed trades to user wallets
        e. returns currencies back to user wallets for cancelled orders

This is the minimum viable product to test market, build-measure-learn iteration 1

If accepted by users, next cycles:

    1. multiple platforms
        a. desktops
        b. mobile

    2. clone app to additional currency pairs

    3. add features
        a. display
            1. chart
            2. order book
            3. stream charts to photo frame
        b. automation
            1. limit orders
            2. conditional orders
            3. API

    4. add other asset types
        a. bonds
        b. stocks
        c. real bills
        d. futures
        e. options
        f. commodities
        g. baskets
        h. smart contracts

    5. user created asset pair apps

    6. integrated trading platform
        a. manage multiple trade apps
        b. display charts
            1. multiple monitors
            2. photo frames
                a. USB
                b. wifi
        c. portfolio management
        d. trading macro language
            1. analytical tools
            2. common strategies
            3. user customizable strategies
            4. drag and drop interface
            5. neural networks
            6. fractal analysis

The real obstacle to viability is unfortunately the fiat component.  Your idea nonetheless seems very sound for what it facilitates.

Thanks. Yes, crosslinking between fiat, and, better yet, precious metals, is an eventual goal.

I'm thinking of maybe an open source, publicly auditable vending machine design which can dispense gold and silver coins in exchange for digital warehouse receipts purchased with Bitcoin. The vending machines could be located in places like Dubai where such machines already exist. The digital receipts can circulate, be split, and combined as a cryptocurrency, backed and always exchangeable for physical metal at a vending machine.