Buttercoin - Open Source High-Performance Bitcoin Exchange Project

[enki23]

Hey guys,

I'm a computer security and distributed systems guy. I've did audits and trainings at many large banks and lotteries and also built complicated stuff like a quantum cryptography engine and a p2p file sync engine. I also worked at TradeHill for 3 months in 2011. You can learn more about me here http://paulbohm.com/about/

You may also know me from a Bitcoin article I wrote two years ago that's popular on Quora: http://www.quora.com/Bitcoin/Is-the-cryptocurrency-Bitcoin-a-good-idea

I'm really annoyed at the exchange software quality and yesterday spontaneously tweeted that I'd start working on an open-source high-performance highly-secure exchange engine and asked if anyone wants to join me in my San Francisco apartment.

Seven people showed up, including a Stanford professor, someone who built an ISP, someone who previously built a payment system and an angel investor. They all were tremendous help in nailing down the core architecture. Later today another friend will come by who is an expert in B-tree filesystem design, which will help with getting the data structures right.

I'm doing some explorative coding at http://github.com/buttercoin/buttercoin and note-taking at http://buttercoin.hackpad.com/ but it's really just a rough outline right now.

Basically I want to build something similar to the LMAX architecture (http://martinfowler.com/articles/lmax.html), in node.js and put it under an MIT license. If this worked it should allow us to process enormous amounts of transaction, or even do things that help distribute exchange more.

Let me know if any of you are interested in joining a hipchat or hackpad and discussing the design, or contributing on github.

I can't promise this will succeed - before yesterday I had no plans or ambition to write an exchange, but I really want Bitcoin to succeed and I don't think it can without a quality opensource exchange package.

You can email me at -scam- or if you want to motivate me send donations to -scam- (i will donate any funds received to the bitcoin foundation should I not succeed at building buttercoin).

Any thoughts? I'd love to hear it!

leave your email on http://buttercoin.launchrock.com if you want to help out - we might ask for help via email later

Moderator note: This is reported by the original author as a scam.

[1714050227]

1714050227

[rayt5]

Would it be like a better quality Bitcoin Forex that's a lot like the current ones, except that it doesn't crash? Or would it be different somehow? If different, how so?

[shibaji]

Very good effort, good luck and best wishes. My software background will probably not help, bu if you need C/C++ programmer, I am very happy to help.

[Severian]

send donations to 1AQhrfziGW8ozahK8zNDG3ydxeeE4UHewx

This is a different address than the one posted by Paul Bohm at reddit:

1McqPj92jvWfFg5F24dwyDSUptjTosH2EY

www.reddit.com/r/Bitcoin/comments/1c7v6z/buttercoin_open_source_highperformance_bitcoin/

[shibaji]

send donations to 1AQhrfziGW8ozahK8zNDG3ydxeeE4UHewx

This is a different address than the one posted by Paul Bohm at reddit:

1McqPj92jvWfFg5F24dwyDSUptjTosH2EY

www.reddit.com/r/Bitcoin/comments/1c7v6z/buttercoin_open_source_highperformance_bitcoin/

Wow! I hope this is not another scam attempt!

[Severian]

Wow! I hope this is not another scam attempt!

Of course it is.

[Blazr]

This is a different address than the one posted by Paul Bohm at reddit:

Whats wrong with creating a fresh address for donations? I do see cause for being skeptical however and would definitely use the older address if I was making a donation right now.

[Severian]

Whats wrong with creating a fresh address for donations?

Not a thing, especially if the scammer account has one post.

[pghalliday]

Good luck with this - will definitely check you out on github

[enki]

DO NOT DONATE TO THE ABOVE ADDRESS

i did not make this post - someone reposted this here without my knowledge

[realcoin]

Hey guys,
....

Moderator note: This is reported by the original author as a scam.

DO NOT DONATE TO THE ABOVE ADDRESS

i did not make this post - someone reposted this here without my knowledge

Sorry, but I dont understand this two posts! On what should people give attention now?  Why you dont delete just all, what you call scam?