Predicted the current spike in USDCHF one day ahead !!

I thought to help alt-coiners in foreign exchange trade.So, starting this free trade signal service.




http://sipendr.zxq.net/

Please donate some litecoins if you earn.

I thought to help bitcoiners in foreign exchange trade.So, starting this free trade signal service.




http://sipendr.zxq.net/

Please donate some bitcents if you earn.

100 % full risk cause don't have enough bandwidth and patience to download huge bitcion blockchain. After the mybitcoin scam no online wallet could be trusted.

I have compiled list of e-shop hobbyist electronics vendors in India.Ask them to accept bitcoins. Even if some are ready it would be great.Technical people have greater chance of accepting bitcoin. 

Electronics Hobbyist supply websites in India

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Price per kWh      |      INR 6 (0.11 USD) /kWh
Current as @       |      Oct 2012
Provider              |      Indian Govt
State/Province     |      Maharashtra
Country              |       India                 
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First time heard our mother-tongue on btc forum 

Why would nodes want to earn extra money,already they would be paying transaction fees for quick transactions,and besides this their trade would be happening without extra brokerage.

Read this topic - P2P Cryptocoin Exchange (P2PX)


Generally a centralized trusted third party is needed for money exchange,between anonymous users just like escrow.com.I am putting forward an idea to decentralize the trust in the network.

The intermediate node is the random third party node assigned by the network,which handles the trust problem.Once the transaction from the buyer/sellers to intermediate nodes is verified,the network assigns the intermediate nodes, the address of the party (at opposite end of trade) to transfer the money to that end.

Until the intermediate nodes transfer the money,their own trade is locked.
At all levels,all the transaction related to an order are securely stored in blockchain,using method similar to bitcoin,to avoid tampering to an open order.

Yes, you are correct.The two instances of the crypto-coins you are buying and selling,plus the order chain.

Order opening,closing and modification
A block-chain is maintained which keeps all valid open orders.A node requesting to open an order sends order quote to the network.The network verifies the order by periodically querying the corresponding blockchain and check that order is sent by the node is less than its
balance or not.In this way fake orders could be weeded out.A node can modify or cancel the order by querying the network with message signed with its private keys.

Orders open could be accessed by all nodes.Any node interested could send request for accepting an order.After similar verification about buyer's balance the order status is changed to accepted.

Money Allocation to intermediate nodes
Once order is accepted,the network divides the money to the other nodes such that,the money send to any node is less than the trade amount,that node wants to execute.This trade assignment is sent to both trading parties.They are required to send money to assigned intermediate nodes.These transactions are verified by the network.

Intermediate transaction
After all intermediate transactions are over,the network sends the address of buyer and seller to the nodes which received money from seller and buyer receptively. Until they successfully execute their routing assignment,their trade money is not released from their intermediates.

Assumptions
1. To start the trading, first two nodes should be assumed that they conducted their routing operation.
 
Advantages
1.Buyer and seller don't know each other until trade is successfully conducted.
2.Using a block-chain,all trading activities can be recorded securely so that trade is not tampered until its over. 

Order opening,closing and modification
A block-chain is maintained which keeps all valid open orders.A node requesting to open an order sends order quote to the network.The network verifies the order by periodically querying the corresponding blockchain and check that order is sent by the node is less than its
balance or not.In this way fake orders could be weeded out.A node can modify or cancel the order by querying the network with message signed with its private keys.

Orders open could be accessed by all nodes.Any node interested could send request for accepting an order.After similar verification about buyer's balance the order status is changed to accepted.

Money Allocation to intermediate nodes
Once order is accepted,the network divides the money to the other nodes such that,the money send to any node is less than the trade amount,that node wants to execute.This trade assignment is sent to both trading parties.They are required to send money to assigned intermediate nodes.These transactions are verified by the network.

Intermediate transaction
After all intermediate transactions are over,the network sends the address of buyer and seller to the nodes which received money from seller and buyer receptively. Until they successfully execute their routing assignment,their trade money is not released from their intermediates.

Assumptions
1. To start the trading, first two nodes should be assumed that they conducted their routing operation.
 
Advantages
1.Buyer and seller don't know each other until trade is successfully conducted.
2.Using a block-chain,all trading activities can be recorded securely so that trade is not tampered until its over.  

Completed 1 BTC trade smoothly through NEFT.

I fully agree with it,vircurex should not go the btc-e way, one by one giving up all alt coins, giving the excuse of low turnover.

Thanks for giving the link.I need more time to download client and all the i0coin block-chain.

I dont have I0Coin client and dont know where to get it.After your announcement no will buy i0coin.Can you suggest some wallet for i0coin or my i0coins will be wasted.

sent you a pm regarding this transaction.

Update: quantity increased.