Is it Possible?

[franky1]

with a system of swapping coin for fiat directly between people decentralised (where no one in the middle touches your funds)
there is a problem

you banks see (if a day trader) 100's of a wire transfers per day on 'personal accounts'. banks would instantly freeze your accounts if you do not pre-warn them of what the trades are about. as it will 100% be a big fat red flag on their AML system.

if you are only doing one trade a day. you would be better off with local bitcoins.

atleast look at the reality of wire transfers. instead of the uptopian dream of the bitcoin decentralisation when trying to combine the two..

[Lauda]

Then you are clueless.  Bitcoins run on p2p servers and they run just fine......

Satoshi said to not trust third party players in a two party transaction.  That's why bitcoin was developed.  A centralized exchange brings back the "3rd untrusted" party back to the table.  Once we see decentralized exchanges then the system will be back in check.  

You're foolish.
I'm ingenious. Trust me with your coins.

[williecity]

Some kind of desktop app that doubles as a decentralised exchange not controlled by anyone, that is the way to go

[Singlebyte]

Some kind of desktop app that doubles as a decentralised exchange not controlled by anyone, that is the way to go

OpenTransactions does that.  The decentralized server side software completes the transactions you implement on your desktop software. Watch the videos for more information:

Wiki
http://opentransactions.org/wiki/index.php?title=About

Exchange demo video
https://drive.google.com/file/d/0B1elJotjR_t6OS1pV3duMEpWSGs/preview?pli=1

[williecity]

Some kind of desktop app that doubles as a decentralised exchange not controlled by anyone, that is the way to go

OpenTransactions does that.  The decentralized server side software completes the transactions you implement on your desktop software. Watch the videos for more information:

Wiki
http://opentransactions.org/wiki/index.php?title=About

Exchange demo video
https://drive.google.com/file/d/0B1elJotjR_t6OS1pV3duMEpWSGs/preview?pli=1

why is this not common

[Singlebyte]

Some kind of desktop app that doubles as a decentralised exchange not controlled by anyone, that is the way to go

OpenTransactions does that.  The decentralized server side software completes the transactions you implement on your desktop software. Watch the videos for more information:

Wiki
http://opentransactions.org/wiki/index.php?title=About

Exchange demo video
https://drive.google.com/file/d/0B1elJotjR_t6OS1pV3duMEpWSGs/preview?pli=1

why is this not common

1. Still in development - just in beta
2. Adoption not realized.  (Network not established)
3. Learning curve. (This new technology takes some reading to understand/comprehend)
4. Market is still maturing.  Takes time for people to adapt.