Why would anyone invest 200k GBP in a pure cryptocoin exchange?
Trading between chains might even be possible in the future by clever transaction scripts themselves. The big issue with Acoin <--> Bcoin is chain reorgs/splits, double spending and the problem that the trades are happening on two different chains in different blocks. Once you move them to the same chain (e.g. colored coins), you created IOUs and counterparty risk again.
Re-read the article.
“You’re going to get people who are swapping dollars for bitcoins, and it will be one bank account transaction, where they see $100 move from one person’s bank account to another. They won’t be able to see the blockchain on the other side of that. So how do you stop that?” Turrall said. “This is a genuinely distributed infrastructure.”
In some cases, banks themselves have pulled an exchange’s account after it was found not to have a money services businesses license. Turrall argued that a P2P exchange would solve that problem.
“You’d have to yank the thousands of small accounts for small-dollar transactions from thousands of users, which you’d have to spot,” he said.
Looks like fiat's included.
Here comes Vladimir's singularity...
The website is supposed to be up this weekend:
http://www.metalair.org/I can't decide if it's Metal Air dot com, or Meta Lair dot com...
