mobile4ever
|
|
March 10, 2014, 01:59:48 AM |
|
Requirements
Early adaptors must not be rewarded
Here is how technology usually gets adopted: https://www.youtube.com/watch?v=qp0HIF3SfI4The early adopter's reward is usually going to be, "Look at me, I did it first.". It is not so much about the money for that group.
|
|
|
|
bimble
Newbie
Offline
Activity: 2
Merit: 0
|
|
April 07, 2014, 08:07:40 AM |
|
What would be good to keep this decentralized is to have a multiple coin wallet in which you add the coins you want to trade into, you then set the value you want for the coins (into another coin) and then someone can purchase them direct from you over the blockchain. There would be a list of offers that you could search to find the one you want and then you make payment to the coin value to the unique wallet address for that exchange transaction, this would then be confirmed by the blockcain and on receipt the multiwallet would automatically pay the sender in the coin they have purchased. If for any reason the coins were not available or not confirmed then the payment would be returned back to the sender. Users can then put coins in and out of their multi-exchange wallet into their standard wallets as they want. This would be a true decentralized peer-to-peer exchange that was completely safe, and have no need for any brokers in these transactions.
|
|
|
|
Onar
Member
Offline
Activity: 172
Merit: 10
|
|
April 07, 2014, 11:09:59 AM Last edit: April 07, 2014, 11:21:00 AM by Onar |
|
Yes, this would work with cryptocurrencies to cryptocurrency. But anyway to get it exchanged to fiat there is a broker needed. But in the crypto world it would work. The problem is that somehow there must be a value for miners/people that will host the blockchain, because this are hosting the storage place. How to achiev thisthere? In general a new "coin" is likely to not be adopted because of the almost non value it has. So there is at last two succes factors; get the "miners" to offer their computer power/storage, ans that the general users adopt the "trader wallet" In general there would be many areas that tasks could be added to cryptocurrencies, for example like namecoin. What about a e-mail coin and other. This to avoid the data gathering google, governments do on individual plan. I have many different projects on paper. Feel free to PM me anyone wanting to be a part of a team developing new services. What would be good to keep this decentralized is to have a multiple coin wallet in which you add the coins you want to trade into, you then set the value you want for the coins (into another coin) and then someone can purchase them direct from you over the blockchain. There would be a list of offers that you could search to find the one you want and then you make payment to the coin value to the unique wallet address for that exchange transaction, this would then be confirmed by the blockcain and on receipt the multiwallet would automatically pay the sender in the coin they have purchased. If for any reason the coins were not available or not confirmed then the payment would be returned back to the sender. Users can then put coins in and out of their multi-exchange wallet into their standard wallets as they want. This would be a true decentralized peer-to-peer exchange that was completely safe, and have no need for any brokers in these transactions.
|
|
|
|
bimble
Newbie
Offline
Activity: 2
Merit: 0
|
|
April 08, 2014, 06:43:47 AM |
|
Yes this would just be between crypto coins, but I think would add value to all coins as there would be an instant easy trading market that is completely decentralized. As there is no real need for a high value (high difficultly) block chain it could be a pre-mined blockchain, or the wallet app could do the work, there are a few crypto currencys using the wallet to perform this tasks, and as you would be using the exchange then having the app open would be doing the necessary work across the network, no need for it to be on an extremely hard algorithm, the idea is to use the blockchain to keep it secure. Yes you would need a broker for the exchange to physical currency or precious metal etc, but I think a decentralized exchange between coins would make the whole coin market stronger and more stable. Yes, this would work with cryptocurrencies to cryptocurrency. But anyway to get it exchanged to fiat there is a broker needed. But in the crypto world it would work. The problem is that somehow there must be a value for miners/people that will host the blockchain, because this are hosting the storage place. How to achiev thisthere? In general a new "coin" is likely to not be adopted because of the almost non value it has. So there is at last two succes factors; get the "miners" to offer their computer power/storage, ans that the general users adopt the "trader wallet" In general there would be many areas that tasks could be added to cryptocurrencies, for example like namecoin. What about a e-mail coin and other. This to avoid the data gathering google, governments do on individual plan. I have many different projects on paper. Feel free to PM me anyone wanting to be a part of a team developing new services. What would be good to keep this decentralized is to have a multiple coin wallet in which you add the coins you want to trade into, you then set the value you want for the coins (into another coin) and then someone can purchase them direct from you over the blockchain. There would be a list of offers that you could search to find the one you want and then you make payment to the coin value to the unique wallet address for that exchange transaction, this would then be confirmed by the blockcain and on receipt the multiwallet would automatically pay the sender in the coin they have purchased. If for any reason the coins were not available or not confirmed then the payment would be returned back to the sender. Users can then put coins in and out of their multi-exchange wallet into their standard wallets as they want. This would be a true decentralized peer-to-peer exchange that was completely safe, and have no need for any brokers in these transactions.
|
|
|
|
BenAnh
|
|
April 10, 2014, 09:33:52 AM |
|
Debt is an issue and social debts won't work!
|
|
|
|
pinger
Legendary
Offline
Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
|
|
April 11, 2014, 05:59:55 PM |
|
I was thinking ... Why not use something they can not forbid as money? I mean stop using fiat, use an intermediate, maybe paper gold or something similar that you can transfer digitally and sell it online for fiat.
Any project working in this way?
|
For rent
|
|
|
|
pinger
Legendary
Offline
Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
|
|
June 24, 2014, 02:40:26 PM |
|
Seems interesting, but bank transfers are dangerous anyway. You can tell that somebody transfers money from your account, or that money can be stolen money from other one's account. I think the 2 hand shake signature http://bitsquare.io/images/overview.png is an interesting method. But using a digital method is more secure than direct bank to bank transfer.
|
For rent
|
|
|
k99
|
|
June 24, 2014, 04:02:39 PM |
|
Seems interesting, but bank transfers are dangerous anyway. You can tell that somebody transfers money from your account, or that money can be stolen money from other one's account. I think the 2 hand shake signature http://bitsquare.io/images/overview.png is an interesting method. But using a digital method is more secure than direct bank to bank transfer. What do you mean with "digital method"? Crypto-crypto exchange? That would be easier indeed regarding the trust problem. But the main problem IMO is how to the fiat in/out btc. Instead of a bank transfer a send cash by mail method could be used as well. But as that is much less convenient I did not consider that more, but it would be not so much problem to use that (but that would have other problems like: you know the post address of the trading peer, which could be a security risk). The model use more then just the simplified process described in the hi-level overview diagram. Basically the security model is based on an arbitration system (itself a P2P system) and a fraud list to block scammers (stolen bank account, bank chargeback).
|
|
|
|
pinger
Legendary
Offline
Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
|
|
June 24, 2014, 09:16:07 PM |
|
Seems interesting, but bank transfers are dangerous anyway. You can tell that somebody transfers money from your account, or that money can be stolen money from other one's account. I think the 2 hand shake signature http://bitsquare.io/images/overview.png is an interesting method. But using a digital method is more secure than direct bank to bank transfer. What do you mean with "digital method"? Crypto-crypto exchange? That would be easier indeed regarding the trust problem. But the main problem IMO is how to the fiat in/out btc. Instead of a bank transfer a send cash by mail method could be used as well. But as that is much less convenient I did not consider that more, but it would be not so much problem to use that (but that would have other problems like: you know the post address of the trading peer, which could be a security risk). The model use more then just the simplified process described in the hi-level overview diagram. Basically the security model is based on an arbitration system (itself a P2P system) and a fraud list to block scammers (stolen bank account, bank chargeback). By digital method, I mean like ukash codes, wester union, okpay o something similar. Something faster, not bank accounts.
|
For rent
|
|
|
k99
|
|
June 25, 2014, 09:32:40 AM |
|
Seems interesting, but bank transfers are dangerous anyway. You can tell that somebody transfers money from your account, or that money can be stolen money from other one's account. I think the 2 hand shake signature http://bitsquare.io/images/overview.png is an interesting method. But using a digital method is more secure than direct bank to bank transfer. What do you mean with "digital method"? Crypto-crypto exchange? That would be easier indeed regarding the trust problem. But the main problem IMO is how to the fiat in/out btc. Instead of a bank transfer a send cash by mail method could be used as well. But as that is much less convenient I did not consider that more, but it would be not so much problem to use that (but that would have other problems like: you know the post address of the trading peer, which could be a security risk). The model use more then just the simplified process described in the hi-level overview diagram. Basically the security model is based on an arbitration system (itself a P2P system) and a fraud list to block scammers (stolen bank account, bank chargeback). By digital method, I mean like ukash codes, wester union, okpay o something similar. Something faster, not bank accounts. Ah that you meant: It is not limited to classical bank accounts only. I have not used and investigated ukash or western union, but okpay for instance should be no problem to use. basically it will be just a form to define the money transfer type and the necesssary id fields. western union will be probably too expensive, they take a huge fee asaik....
|
|
|
|
k99
|
|
February 05, 2015, 02:33:22 PM |
|
I know that this topic is a bit out of date, but just in case you are still interested in a P2P Fiat-BTC exchange, I wanted to post an update of our project and announcement for our crowd funding campaign which will end in a few days (on February 9th). Bitsquare released an alpha version in December and it can be tested at our regular testing sessions with other traders (testnet). Today 17:00 CET we have such a session. Feel free to join us on our IRC channel #bitsquare-trading on Freenode. Further information can be found here: https://github.com/bitsquare/bitsquare/wiki/Bitsquare-WAN-PartiesRegarding the crowd funding campaign: We are using Lighthouse as decentralized crowd funding solution to iteratively fund the development of every milestone, leading to a fully functional version 1.0. The funding goal is 120 BTC for the next milestone and the campaign ends in a few days on February 9th. Please visit our web page for more details: https://bitsquare.io/crowdfundingIf you like to support that project please help us to spread the word. Best regards, Manfred
|
|
|
|
mappum
Member
Offline
Activity: 82
Merit: 13
|
|
February 05, 2015, 11:37:53 PM |
|
I'm also working on a P2P exchange called Mercury, you can see my thread here: https://bitcointalk.org/index.php?topic=946174.0The initial version will only support altcoin trading, but the same sort of system can support trading colored coins or other crypto-assets to allow trustless fiat trading (you would still trust an issuer/gateway for the fiat, but that's not an issue since risk can be hedged by holding fiat issued by many different gateways).
|
|
|
|
sharkETfish
Jr. Member
Offline
Activity: 117
Merit: 1
|
|
May 29, 2018, 05:18:25 PM |
|
The bitcoin price seems to have stabilized... at least for now.
|
|
|
|
|
Mari Royalteam
Copper Member
Newbie
Offline
Activity: 168
Merit: 0
|
|
November 29, 2018, 01:12:34 PM Last edit: November 29, 2018, 04:12:41 PM by Mari Royalteam |
|
PINTP2P: A reliable and secure P2P exchange for Bitcoin and other currenciesPINTP2P from Bitfia Labs is a highly secure P2P marketplace that enables users to trade their cryptocurrencies (BTC, LTC, ETH, and more) in a convenient and secure way. Through integration with its own PINT wallet, PINTP2P is a complete trading ecosystem where users are always in control. Some of features that distinguish PINTP2P from its peers are: 1. It allows users to set their own max/min limits on their transactions. 2. On PINTP2P, users get to pick their own transaction speeds. 3. It allows users to choose their own payment methods. 4. PINTP2P facilitates crypto trading at highly competitive exchange rates. 5. No banking fees or charges. 6. No centralized prices. 7. Integrated wallet with high security and anonymity. 8. PINTP2P provides users with free-from-regulations functionality in most countries. Here is a video that helps understand the functioning of PINTP2P and various aspects of the platform: https://youtu.be/qD101Xlc5uwThe PINT app is available for free on Google Play. Users get free 500 PINT Loyalty Points on signup: https://play.google.com/store/apps/details?id=com.pint.app
|
|
|
|
Ani_
Newbie
Offline
Activity: 26
Merit: 1
|
|
October 16, 2019, 09:24:44 AM |
|
Hi! Great topic, so I wanted to add on the company i saw recently, even if they are active for some time now: Level01 ( https://level01.io/) peer to peer (P2P) derivatives exchange that allows investors to trade options contracts directly with one another, without requiring an intermediary or broker.
|
|
|
|
as.exchange
Copper Member
Member
Offline
Activity: 140
Merit: 51
as.exchange
|
|
April 08, 2021, 09:18:01 AM |
|
Hi! Great topic, so I wanted to add on the company i saw recently, even if they are active for some time now: Level01 ( https://level01.io/) peer to peer (P2P) derivatives exchange that allows investors to trade options contracts directly with one another, without requiring an intermediary or broker. I would recommend being careful with exchanges and companies that make fake claims, such as "AI-Guided Derivatives Trading" - there's no AI to start with Then it says "Partners & Global License" and lists "Bloomberg, Reuters" and couple other fancy names or supposedly regulatory bodies, while simply having logos but no links or anything. While we can easily dig deeper with this one, from the surface it already shows that there's no need at all - as it's quite obvious what it is. So while someone might want to try this, be advised - it has typical signs of scam exchanges, which can be used for marketing purposes, or for scamming you. Be careful with this one.
|
|
|
|
MickGhee
Legendary
Offline
Activity: 1414
Merit: 1001
Fucker of "the system"
|
|
April 12, 2021, 08:14:44 PM |
|
I am taking this up. Adding p2p exchange to bubble... we are going to let users morph bub into a 3rd coin that can only exist on the p2p exchange and cannot be transferred because it has no wallet or chain ( yet is likea receiptfrom a bubbletx)This way, no one can rob anyone. People not sending bubble, sending first since the exchange token cannot be moved
|
Last night, while you were sleeping. I fucked the system!
|
|
|
as.exchange
Copper Member
Member
Offline
Activity: 140
Merit: 51
as.exchange
|
|
April 14, 2021, 02:46:14 PM |
|
I am taking this up. Adding p2p exchange to bubble... we are going to let users morph bub into a 3rd coin that can only exist on the p2p exchange and cannot be transferred because it has no wallet or chain ( yet is likea receiptfrom a bubbletx)This way, no one can rob anyone. People not sending bubble, sending first since the exchange token cannot be moved
P2P exchanges also start to have own coins now? I thought only CEX-es have their own tokens with zero actual use, but never heard of P2P exchanges with own tokens. That would be really funny to see
|
|
|
|
|