Bitcoin: The Decentralized Currency with a Centralized Exchange!

[alkhdaniel]

The short term solution is to not let exchanges do more than 25% of all trades.

Long term: p2p exchange.

[the founder]

I'm in agreement; a decentralized currency needs a decentralized exchange.

So how do we do it?

The problem isn't making a decentralized bitcoin exchange... technically speaking satoshi dice already has 90% of the framework for that..  the problem is would traders upload their US dollars to a faceless exchange?

[gollum]

I'm in agreement; a decentralized currency needs a decentralized exchange.

So how do we do it?

The problem isn't making a decentralized bitcoin exchange... technically speaking satoshi dice already has 90% of the framework for that..  the problem is would traders upload their US dollars to a faceless exchange?

Thats why we need brokers to handle clients and their fiat money. In the real world we got exchanges and brokers separated - the same should be true in the bitcoin world.

[cbeast]

Here's another recent idea.

The easiest way to create stability and growth is to slow the trading down. Take away the advantage given to HFT and bots and you'll see steady growth. I suggest that after wiring money to an exchange the only way to make a trade is to send a small bitcoin fee with the transaction encoded within. The exchanges can execute the orders after the fee is received even without verification.

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