[2016-03-05] OmniDex: Keeping You From Getting Goxxed?

[EvanFaggart]

Do you guys think OmniDex can really pull off a truly decentralized exchange while maintaining speed and efficiency? Patrick Dugan of the Omni Foundation sat down with Bitcoinist to talk about the potential of this project.

'Last week, the Omni Foundation announced the release of the OmniDex 1.0, a trustless cryptocurrency exchange. The Omni Foundation claims that their exchange is the first of its kind, bringing truly-decentralized trading through a platform that “has no human component.” The purpose of this exchange is secure and trustless trading; OmniDex wants people to be able to buy and sell without getting “Goxxed.”

'Omni Foundation board member Patrick Dugan sat down with us to discuss the Omni Foundation, the Omni protocol, and the new OmniDex 1.0 exchange.'

http://bitcoinist.net/omnidex-keeping-you-from-getting-goxed/

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[TraderTimm]

Still doesn't solve the "last mile" problem, which is the interface with the physical real-world financial system.

Also, since this some mastercoin offshoot, which hasn't been doing too well at all, why would anyone bother with this particular effort?