CoinTouch : Using your social network to match trades

[alsutton]

I'm interested to see what peoples views are on CoinTouch (www.cointouch.com) which uses your social network to find trades.

With the current MtGox issues CoinTouch seems like an exchange solution which is more in line with peer-to-peer systems because it doesn't need a central third party to hold your coins and allows you to judge who you're dealing with based on how well you know them. It makes things a little harder for large orders because you have to manually match up the orders with the amount you have to sell, but that can be an advantage if you're willing to take a lower price to deal with someone who you trust more.

Thoughts?

[cointouch]

Thanks for the mention.

Regarding large amounts, I personally have pretty good liquidity in my bids and offers on CoinTouch, and individual offers and bids for more than 5 BTC.

As the CoinTouch network grows, it's likely we'll see people bidding and offering on larger amounts. I don't think I'd want to deal with larger amounts with strangers on a centralised exchange. Much better with friends (and friends of friends)

https://www.cointouch.com/