The coming of peer-to-peer exchanges

[jbrnt]

This will be the holy grail of exchanges if this is implemented. It is perfect for crypto to crypto exchange. The only problem left is fiat. We still need an escrow for multicurrency fiat and how are we ever going to solve that?

[espiraleph]

This will be the holy grail of exchanges if this is implemented. It is perfect for crypto to crypto exchange. The only problem left is fiat. We still need an escrow for multicurrency fiat and how are we ever going to solve that?

absolutely important thing you brought up, maybe this can be totally independent from fiat, perhaps the only way to have some coins would be to earn them from the mining and transaction fees, this further helps by having the trade fees trickle back to the users but if you absolutely need to trade them for fiat, localbitcoins could serve the purpose, having the price naturally decided by person with the lowest price willing to sell.

[espiraleph]

I think it is in every way possible. First, it would help and make coin exchanges safe and easy for everyone, second experimental coin with improved coding will get more exposure. I remember the idea of introducing sidechains was proposed just not long ago as a solution but I just wonder where's the progress right now.

the interesting thing is that no side or cross chains are necessary, it really would be not different than running a litecoin, bitcoin and other wallet running at the same time in the same computer, it's just that this exchange-wallet-applet could direct every transaction to the specified coin, and updates the trade information for everyone to see.