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Yes you would need a broker for the exchange to physical currency or precious metal etc, but I think a decentralized exchange between coins would make the whole coin market stronger and more stable.
Yes, this would work with cryptocurrencies to cryptocurrency. But anyway to get it exchanged to fiat there is a broker needed. But in the crypto world it would work. The problem is that somehow there must be a value for miners/people that will host the blockchain, because this are hosting the storage place. How to achiev thisthere? In general a new "coin" is likely to not be adopted because of the almost non value it has. So there is at last two succes factors; get the "miners" to offer their computer power/storage, ans that the general users adopt the "trader wallet"
In general there would be many areas that tasks could be added to cryptocurrencies, for example like namecoin. What about a e-mail coin and other. This to avoid the data gathering google, governments do on individual plan.
I have many different projects on paper. Feel free to PM me anyone wanting to be a part of a team developing new services.
In general there would be many areas that tasks could be added to cryptocurrencies, for example like namecoin. What about a e-mail coin and other. This to avoid the data gathering google, governments do on individual plan.
I have many different projects on paper. Feel free to PM me anyone wanting to be a part of a team developing new services.
What would be good to keep this decentralized is to have a multiple coin wallet in which you add the coins you want to trade into, you then set the value you want for the coins (into another coin) and then someone can purchase them direct from you over the blockchain. There would be a list of offers that you could search to find the one you want and then you make payment to the coin value to the unique wallet address for that exchange transaction, this would then be confirmed by the blockcain and on receipt the multiwallet would automatically pay the sender in the coin they have purchased. If for any reason the coins were not available or not confirmed then the payment would be returned back to the sender. Users can then put coins in and out of their multi-exchange wallet into their standard wallets as they want. This would be a true decentralized peer-to-peer exchange that was completely safe, and have no need for any brokers in these transactions.
