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Author Topic: Free Open Source Decentralized Exchange - Pledge 10 BTC  (Read 1607 times)
fabianhjr
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January 03, 2011, 03:31:33 AM
 #1

The idea is similar to Ripple. To get a web of trust of people who is willing to exchange you currencies or commodities. You building a trust with others should be able to join the market and make bids and asks. This should not depend in any server. This shall allow us to reach markets were by law no one can compete with the govts or big companies. After all, who can they sue on this one?

  • Each peer should be able to set up percentil and nominal fees. By example: I can set up a 1% on each operation or 1% + 1 unit of currency or even just ask you for 100 BTC per exchange of BTC to Whatever(USDs, CADs, etc).
  • I must be able to set up limits on how much I am willing to trade with individual users.
  • It should be self organizing trough the trust network.(So you can keep up market records in your web of bids/asks, historical, etc)

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fabianhjr:10 BTC


Total:10 BTC

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nanotube
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January 03, 2011, 04:26:29 AM
 #2

decentralization is already planned by the ripple project itself.
see http://ripple-project.org/Main/PotentialRippleClients (particularly the link to the 'funding pool')

see also https://groups.google.com/group/rippleusers/browse_thread/thread/200a0b999702e33a

so, you would do better to join the existing ripple effort rather than starting out on your own from scratch.

Join #bitcoin-market on freenode for real-time market updates.
Join #bitcoin-otc - an over-the-counter trading market. http://bitcoin-otc.com
OTC web of trust: http://bitcoin-otc.com/trust.php
My trust rating: http://bitcoin-otc.com/viewratingdetail.php?nick=nanotube
fabianhjr
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January 03, 2011, 05:33:59 AM
 #3

Well, you could use it as a base. Though, the current implementation still relies in a web server.

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January 03, 2011, 11:38:54 AM
 #4

http://bitcointalk.org/index.php?topic=2509.0

Theres already a bounty out for such a thing.
fabianhjr
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January 03, 2011, 03:26:49 PM
 #5

Wait, I read your pledge, it is different as far as I am concerned. This should be helping out to implement the Ripple Concept to an exchange. I will go with them then. Smiley
/Topic lock. Pledge cancelled. It is more appropriate to help the Ripple guys.

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