After having played with the new CLTV Bitcoin (and soon to be Litecoin) op code (
https://bitcointalk.org/index.php?topic=598860.msg13435766#msg13435766) CIYAM is now busy working on a decentralised crypto to crypto exchange.
We had already somewhat achieved that goal with the ACCT AT between Qora and Burst but unfortunately the PR didn't go well (apparently the funds that were meant to be used for PR were stolen) and of course it didn't involve Bitcoin (so wasn't noticed by most Bitcoin followers either).
But now I think we have something much more exciting about to happen. It will allow people to trade QORA/BURST with BTC/LTC without the need for any centralised exchange.
Unlike others trying to do similar things we are not going to be setting up a centralised website for order matching (nor taking a commission) - both Qora and Burst will be able to work as exchanges themselves (due to their AT support) and we will consider creating either a CIYAM application (which will be decentralised and free of charge) or an addition for Bitcoin/Litecoin (also free of charge) to work in a similar fashion.
Basically what we are talking about is "true disruption" (so even the new businesses that are making money out of crypto to crypto trades will be put out of business with this model).
(a note to mods - although Qora and Burst are alts this topic is about using OP_CHECKLOCKTIMEVERIFY to trade between them and Bitcoin so this is relevant to Bitcoin - I hope this isn't confusing the boundaries too much to work out whether this topic is in the right place or not)