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1003
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][VTR] vTorrent - Share with freedom | Bittrex
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on: August 08, 2016, 07:12:44 PM
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A model that competes with Netflix and Amazon Prime will work great. Rights holders getting a cut and bandwidth hungry HD and 4k video kept in local loops rather than clogging up the global internet routes. Look at how much Netflix is worth. Now imagine VTR worth 10% of that  funny boy.. If the dev does deliver, and I do mean "IF", then VTR will bring a lot more people into crypto. There's a void waiting to be filled and I do believe VTR could fill it. Right now it's a complete gamble as DEV doesn't seem to care about any of the investors in this project, so I understand your scepticism. |
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1009
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Bitcoin / Bitcoin Discussion / Re: Centralized Exchanges are Bad!
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on: August 03, 2016, 05:49:57 AM
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no argument there. but you can never find a perfect system that is un-hackable. every system has its flaws that can be exploited and used for hacking purposes.
the important thing is how the owners react to such incidents and how can they recover from it.
But you can reduce the risk by orders of magnitude if you decentralize it. We already know that the middleman design is very unsafe from hacks to scams to accidents, all things could happen. In a dencetralize mode like bitsquare you store all your coins and orderbook, and the exchange happens with escrow. It is a way superior trust model than: " hold the coins with me because I promise to store them safely".
this is nothing new, it has been going on for years starting with the day bitcoin was introduced to us. i agree that if it wasn't like this bitcoin could be in a better place but where we are now is not bad either.
And how many potential bitcoin users have we lost because of their hate campaign? It doesnt help bitcoin's reputation if it constantly gets painted with bad stuff from hacks to scams and to other bad things. Okay, I sure about your title of this topic the centralized exchange are very bad, but I have questions for you can you give a scheme about the working system of bitsquare? or giving short explained about it.
Just read the faq, it's a very good design with local coin storage and local orderbooks and escrow system. It is trustless escrow-based P2P trading online basically. https://bitsquare.io/faq/ Blocknet is a "truly" decentralized exchange: https://bitcointalk.org/index.php?topic=829576.0 |
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1017
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Crash, BitFinex Hacked
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on: August 02, 2016, 10:19:39 PM
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Check out blocknet guys, they have a working decentralized exchange, you can trade between several altcoins and BTC at the monent.
Still in beta, but is working.
It will put an end to this shit.
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1018
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Economy / Exchanges / Re: Bitfinex HACKED- funds stolen !
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on: August 02, 2016, 10:16:52 PM
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Check out blocknet guys, they have a working decentralized exchange, you can trade between several altcoins and BTC at the monent.
Still in beta, but is working.
It will put an end to this shit.
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