This is why OpenBazaar is similarly a downloadable client, right?
Well, kinda, yes. Although OpenBazaar is more like decentralized ebay, while we are doing the exchange itself.
I'll admit this sounds exciting. But I am unclear about how this works:
For each order, you get a cryptographically signed guarantee before sending anything to the nodes. It ensures that your money will not just disappear, and that we cannot just change your order willy-nilly, for example, to get you the price worse than you asked for, stealing the difference.
As shown in the video, the server cryptographically signs a message that this is indeed its address and that it will accept the order on the terms described. The client checks the signature and only sends the money after ensuring it's valid.
I will need to wait until a few people I trust have thoroughly inspected the code.
Of course you should! We are going to enlist the help of the experts to endorse and perform a security audit of our code before we announce that it's production ready. At this point it's just a (working, though) proof-of-concept, demonstrating the features. We will be using
the contributions from our ICO to expand the team of developers to make it production-ready and widely used. But for now we ask whoever wants to test the exchange not to put large amounts there and always back up the private keys from Settings.
