[ANN] peatio.com the world's first 100 percent public owned bitcoin exchange

[lixiaolai]

As bitcoiners are calling for a true p2p exchange, I figure out another direction: if an exchange is 100 percent public owned, it's in essence another form of p2p.

http://peatio.com

• The team was assembled, and are now working.
• The project is funded and supported by https://bitfund.pe. (..., which is the 11th project in the portfolio of https://bitfund.pe)
• The first market will be China, one of the biggest markets in the world. (The next market will be nominated by share holders.)
• The exchange will have a client, with desktop and mobile edition. (more details will be updated)
• The exchange will sell all of its shares to the public.
• Every country or area will have it's own subdomain, cn.peatio.com, kr.peatio.com, jp.peatio.com, us.peatio.com, etc. and should have its own 100% IPO, since local traders should own local exchange.
• Once launched, the exchange will pay out dividend on a daily base.
• The shares will also be exchanged on its own site.
• The funding process will be open within two weeks, which will be parallel to the development. And the shares selling will be escrowed by John. K, or using
• a mechanism of the distributed contract ( https://en.bitcoin.it/wiki/Contracts )

@GGGGG is responsible to give more on announcements of peatio.com and https://bitfund.pe

-------------------

UPDATE 2013.06.24

A new domain acquired: peat.io [thanks to the advice from @coinage and @davout, https://bitcointalk.org/index.php?topic=239416.msg2541072#msg2541072]

UPDATE 2013.07.27

Public Alpha test will start from 00:00 (GTM+8), July, 28.

http://peat.io

No real transactions, amounts given in the account are just numbers.

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[pc163]

look forward to it  
really need a client edition,it make it looks professional

[TECHICENINE]

bitfund.pe looks interesting however it wants me to kick in 1btc to become a revolutionary!lol

[lixiaolai]

bitfund.pe looks interesting however it wants me to kick in 1btc to become a revolutionary!lol

OH, that's not a fee, it's only used for activate your account, and after activation, the 1BTC still belongs to you.

[funnybear]

Sounds great. Good Luck!
Seems like ripple is kicked out?
Will the client be opensource?
If there happened to be a bug in the client, will the developers have the ability to fix it before it hurts?

[lixiaolai]

Will the client be opensource?

should be.

[qzx881112]

 

[GGGGG]

Sounds great. Good Luck!
Seems like ripple is kicked out?
Will the client be opensource?
If there happened to be a bug in the client, will the developers have the ability to fix it before it hurts?

Yes, the client will be open source.

We have a very competent team of developers working on this project. Being open source, the code will be open to outside audits.

[oakpacific]

Looks cool, but how do you ensure the shareholders will get to decide all things that are "important enough"? Thanks.

[GGGGG]

Looks cool, but how do you ensure the shareholders will get to decide all things that are "important enough"? Thanks.

Most important decisions will be left to the team behind Peatio, much in the same fashion as ASICMINER is run. There may be some issues which are put to a shareholder vote, but for most things it will simply be decided by the operating team.

[CryptoCat]

Could you explain me, what a QQ ID and a QQ Nickname is?
Is this related with imqq.com? And why are those required?

[GGGGG]

Could you explain me, what a QQ ID and a QQ Nickname is?
Is this related with imqq.com? And why are those required?

QQ is the standard instant messaging client in China. I assume you're talking about Bitfund.pe, not Peatio.com, as peatio doesn't have registration up yet. We ask for them as a way to keep in touch with our investors (most of our investors are located in China).

On an unrelated note, are you the guy who made Crypto.Cat? If so, great work. Do you accept bitcoin donations yet?

[GGGGG]

For those curious about the name "Peatio", see: http://en.wikipedia.org/wiki/Pixiu

I'll let lixiaolai explain why he chose that name 

[CryptoCat]

Well ok, i signed up on bitfund.pe. Looking forward to "have a look" at the Techno tour de force
But i saw that i have to invest at least 131.29172315BTC.. So.. i'm out :/ Don't got enough cash to invest.
And sadly no, i'm not the creator of crypto.cat. I just like crypto.. and cats

[oakpacific]

Looks cool, but how do you ensure the shareholders will get to decide all things that are "important enough"? Thanks.

Most important decisions will be left to the team behind Peatio, much in the same fashion as ASICMINER is run. There may be some issues which are put to a shareholder vote, but for most things it will simply be decided by the operating team.

It's reasonable and how things are run usually, but there should be something unique that makes it deserving the "P2P" tag(I don't think I will call ASICMiner a P2P mining operation), right? Like if the shareholders are unhappy with the performance of the operating team what can they do about it?

I like your idea whether it's really P2P or not, I just want some clarifications.

[GGGGG]

Looks cool, but how do you ensure the shareholders will get to decide all things that are "important enough"? Thanks.

Most important decisions will be left to the team behind Peatio, much in the same fashion as ASICMINER is run. There may be some issues which are put to a shareholder vote, but for most things it will simply be decided by the operating team.

It's reasonable and how things are run usually, but there should be something unique that makes it deserving the "P2P" tag(I don't think I will call ASICMiner a P2P mining operation), right? Like if the shareholders are unhappy with the performance of the operating team what can they do about it?

I like your idea whether it's really P2P or not, I just want some clarifications.

If the shareholders are unhappy with the way the exchange is being run, they will be free to sell their shares on the open market. Much in the same way if a minority shareholder of Google doesn't like the way things are being run, what recourse do they really have to change things?

I suppose it is not P2P in the same sense that Bittorrent or Bitcoin are, although (as far as I know) there has not yet been a 100% publicly owned bitcoin exchange.

[VeeMiner]

I must say that I am sceptical,

I would definitely need to hear a lot more information about

- the developers of the system - who are you, what is your business plan
- the program language in which it will be written
- how do you propose to make money
- how will you make money as creators of the exchange - you sell the shares for bitcoins on IPO?

anyway I will be monitoring the thread but my gut feeling tells me something about scam.

[davout]

So, it's 100% publicly owned ?
Because the shareholder own it ?
So how is it any different than any other exchange owned by its shareholders ?

[GGGGG]

I must say that I am sceptical,

I would definitely need to hear a lot more information about

- the developers of the system - who are you, what is your business plan
- the program language in which it will be written
- how do you propose to make money
- how will you make money as creators of the exchange - you sell the shares for bitcoins on IPO?

anyway I will be monitoring the thread but my gut feeling tells me something about scam.

-I am not a developer, I am an employee of Bitfund.pe, responsible for answering questions here. The business plan will be released soon.
-The front end of the exchange will be coded in Ruby on Rails, the back end will be done in Python and C++. We will also have mobile and desktop clients.
-We propose to make money like any exchange - through transaction fees.
-The creators of the exchange will buy shares on the market like everybody else.

[davout]

-The creators of the exchange will buy shares on the market like everybody else.

Quoted for later.