Decentralised-Liquidity Exchange -- 'D-L-Ex'

[IMZ]

Trade for Munti Complete. 83440b921ce9cbbd4fbd59bc7f7d88d577755b67402cf8158e480eea59b3602f

Welcome aboard, Munti!

[Munti]

Trade for Munti Complete. 83440b921ce9cbbd4fbd59bc7f7d88d577755b67402cf8158e480eea59b3602f

Welcome aboard, Munti!

Thx
Now please explain what we proved beside the fact that it is possible to do trades a lot more awkward than using an exchange  

[IMZ]

Morning, Munti!

Now is probably the time to delve into the stuff on 'the first round' of this experiment. We even had an in-community currency that served as a 'hedge' against Unobtanium's price. As I said, it may take years for these ideas to come to fruition, but there's a shit load of talented characters 'in orbit' around this project. (There are four IT professionals in my camp, 'IndiaMikeZulu,' one of whom was mining when there were only five cryptos.)

Make yourself at home here. Post articles if you like.

Mark

[RDDRocket]

Trade for Munti Complete. 83440b921ce9cbbd4fbd59bc7f7d88d577755b67402cf8158e480eea59b3602f

Welcome aboard, Munti!

Thx
Now please explain what we proved beside the fact that it is possible to do trades a lot more awkward than using an exchange  

OTC "off exchange" trading is much larger in BTC than all the exchanges volume of BTC combined, and it's literally the entire point of Bitcoin. peer-to-peer trading with no middleman(exchanges/governments/banks).

I believe IMZ posted this in our other thread, (or maybe it was BitcoinNational)

https://vinnylingham.com/the-1-dont-use-bitcoin-exchanges-ff019774d886#.7vcpi44a6

[BitcoinNational]

todays reading
http://www.zerohedge.com/news/2015-11-18/worlds-first-cashless-society-here-totalitarians-dream-come-true
https://cointelegraph.com/news/4-reasons-why-your-nation-will-kill-cash-for-a-digital-currency

[Munti]

Trade for Munti Complete. 83440b921ce9cbbd4fbd59bc7f7d88d577755b67402cf8158e480eea59b3602f

Welcome aboard, Munti!

Thx
Now please explain what we proved beside the fact that it is possible to do trades a lot more awkward than using an exchange  

OTC "off exchange" trading is much larger in BTC than all the exchanges volume of BTC combined, and it's literally the entire point of Bitcoin. peer-to-peer trading with no middleman(exchanges/governments/banks).

I believe IMZ posted this in our other thread, (or maybe it was BitcoinNational)

https://vinnylingham.com/the-1-dont-use-bitcoin-exchanges-ff019774d886#.7vcpi44a6

Thx for the link. Never thought about that. Will have to check that blockchain confirms it when I get the time.

@BitcoinNational It's happening in my country too. The banks now want to abandon cash, and goverment doesn't object

[RDDRocket]

Trade for Munti Complete. 83440b921ce9cbbd4fbd59bc7f7d88d577755b67402cf8158e480eea59b3602f

Welcome aboard, Munti!

Thx
Now please explain what we proved beside the fact that it is possible to do trades a lot more awkward than using an exchange  

OTC "off exchange" trading is much larger in BTC than all the exchanges volume of BTC combined, and it's literally the entire point of Bitcoin. peer-to-peer trading with no middleman(exchanges/governments/banks).

I believe IMZ posted this in our other thread, (or maybe it was BitcoinNational)

https://vinnylingham.com/the-1-dont-use-bitcoin-exchanges-ff019774d886#.7vcpi44a6

Thx for the link. Never thought about that. Will have to check that blockchain confirms it when I get the time.

@BitcoinNational It's happening in my country too. The banks now want to abandon cash, and goverment doesn't object

It's nothing new at all. It's the point of Bitcoin.

http://www.coindesk.com/bitcoin-brokers-trade-millions-without-exchange/

The #BitcoinOTC channels broker million dollar Bitcoin sales nonstop. It's been this way really since 2012. I guess many of us that have been into BTC for at least 4 years are already in the OTC markets, whereas newer guys think that you should use exchanges. Well, you should not use exchanges. Use them for small change transactions.

"Many of the very wealthy individuals that I know who are looking to get into Bitcoin are not going to the exchanges. The limits are not significant enough for them. If a High Net-Worth Individual (HNI) has a net worth of $100m and wanted to place just $1m of that into Bitcoin as a hedge against market disruption, it would be imprudent of him to place that order on the open market. That is a single trade of over 1,000 BTC and it would push his price up (called slippage) significantly."

If you wanted to go and buy $500k of BTC, how would you do that on a shaky exchange, plus you can't get "verified" with that KYC crap without jumping through hoops. "Verifying," not the point of BITCOIN.

[RDDRocket]

Trade 009: Will trade 10 UNO for 1,500 FTC CANCELED

Feathercoin Address: 6rzmT6AYurEqDckcBDeMaJkouxSc9FTweU

Debating on selling some UNO for BTC if folks are interested. I know it's small right now.


Also willing to double or triple the amount of trade for FTC if you wanna sell more FTC.

Trade 010: Will trade 100 UNO for .225 BTC CANCELED

[IMZ]

Trade 009: Will trade 10 UNO for 1,500 FTC

Feathercoin Address: 6rzmT6AYurEqDckcBDeMaJkouxSc9FTweU

Debating on selling some UNO for BTC if folks are interested. I know it's small right now.


Also willing to double or triple the amount of trade for FTC if you wanna sell more FTC.

Trade 010: Will trade 100 UNO for .225 BTC

I'm watching with interest here, RD. Personally, I need to sit very still for a little while, to see how Uno's price/volume goes -- just $65 on CMC at present.

This doesn't make the D L Ex ridiculous: we all know we're treading water before the Cryptsy coin comes in.

[And dang! D L Ex is suddenly alive!]

[RDDRocket]

Let's get this thing kickin'.

Trade 011
Will pay 1 UNO above current spot price for 1 ozt silver bar or round + 5 UNO for shipping & handling.

Depending on who takes the sale, IMZ, FallingKnife, or BitcoinNational can act as escrow/broker whom I'll pay one UNO for a broker/escrow fee.
We can also negotiate if you've got 2ozt or larger bars that you'd like to sell for Unobtanium. I'd also like to expand on the crypto for physical commodities idea here and use Unobtanium to buy things internationally. Some things I'm interested in are particularly located only in the UK, so if someone from the UK is willing to get me goods and ship to me, I'll pay shipping & handling, + markup on the items for going out of your way to go purchase them. Escrow will work the same way in that I'll pay the UNO to a community trusted member in escrow, you ship the goods once agreed upon final pricing, funds get released to you upon arrival. This should be very enjoyable provided we get some real world trades going on here. Likewise, if you want to pay in a currency, and preferably UNO, you can have me buy you specialty items from the US and I can ship them to you after terms are agreed upon. Happy trading.

[IMZ]

Let me think this out, RD.; but yep, I'll do an international bullion-trade with you! Will send first. Shan't need escrow.

[shinohai]

Just found this thread, hai IMZ.

I still have one of the Unobtanium silver bars from first batch, but haven't decided to sell it for spot or anything yet. You guys would get first grabs at it if I do set a price, which will include gpg chain-of-custody documents.

Hope all is well in Australia @IMZ

[IMZ]

Just found this thread, hai IMZ.

I still have one of the Unobtanium silver bars from first batch, but haven't decided to sell it for spot or anything yet. You guys would get first grabs at it if I do set a price, which will include gpg chain-of-custody documents.

Hope all is well in Australia @IMZ

Evening, Shinohai!

Hang on to that Uno bar, I reckon: I PM-ed RD to the effect that a coupla international bullion trades is groovy as 'proof of concept,' but beyond that bullion trading is cost effective only P2P.

Whatever, it's v. v. satisfying to see the D L Ex rollin' along like this. We gotta hang in til the Cryptsy coin hits the market, then I have no doubt there'll be a number of Uno folk waiting with their Bitcoin in hand.

[But although this is an Uno-friendly zone, it's not an Uno thread as such, which give us the right to keep out the riff raff.]

[RDDRocket]

Buying silver is an offer I put up as a physical alternative trade option. I PM'd you Mark, but I don't want to put you out for your shillings, just trying to buy pure silver and the person selling will make a few extra bucks.

@shinohai: I've got an UNO silver bar, but you can always let me know if you decide to sell yours. They obviously cost more because bigtimespaghetti custom made them so I understand we didn't pay spot for them.

Anyone can step up and negotiate one of the trades I offered or they can place new trade offers.

I understand that everyone is very nervous to trade anything in such a bearish UNO market and hopefully we can trade smaller trades as well. I personally still see UNO currently as a $1.50 a piece coin even when it's dipping to $1.25-1.30 USD range.
Takes VERY little to be at $1.50 again, but everyone is waiting out these 15k coins that Cryptsy had and so it's making it a bear. Literally.


Trade 012:  Will send UNO as collateral for a BTC loan of somewhere between .25-.4 BTC. Will then send back the BTC in agreed amount of time. At which time you will send me back the collateral UNO holdings. CANCELED
 

These are all small trades to act as trust experiments. This last one is a way that you can lend money, make a fee, and not lose out anything or risk a trading loss of UNO while it's bearish.
 For instance, UNO is currently worth 0.00216395, we could even say average that to a flat .0021, at .0021 per UNO, 150 UNO would be worth .315 BTC. Due to the risk, I would be willing to send 150 UNO for collateral on .3 BTC loan. That's currently collateral of ~$9.18 more UNO than the BTC loan, or, negotiate numbers. Trying to drum up trades. Each successful trade/loan/sale allows us to: Post our tx IDs and prove trusted trades, utilize p2p trading, and ultimately add more trust ratings. This is all off book so we don't effect bid/ask prices even if we trade larger amounts eventually.

[IMZ]

Guys, we're victims of our success. I am amazed at how fast this thread is gaining traction. If we can just puddle along 'til the Cryptsy thang gives us the necessary data, then we're truly in business.

Noooooz: http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-red-alert-for-a-banking-crisis-in-china/

@ RD: give me a couple of weeks, RD. I gotta buy a bunch of silver, and I'll pick up a one-ounce bar to trade with you.

Mark

[BitcoinCharlie]

Red, I can vouch for IMZ. He always successfully traded with me.

Hope all is well with everyone!

[IMZ]

B.C.!

[Sigh: while checking over the TT list, I saw that Benefactor has been absent for 18 months. Sigh.]

[RDDRocket]

Yes BC, I have personally traded with IMZ as well.

[IMZ]

So, it looks as though we're gonna be in limbo 'til the Cryptsy coin hit the markets. So be it. I shall check in every day.

Think about e-nation stuff: what services etc. can we weave around D L Ex/Uno in the long run?

[IMZ]

Trade 013: will sell 100 Uno for 0.22 Btc.