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Author Topic: Inter currency trade of p2p currencies should be p2p  (Read 825 times)
spndr7
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October 03, 2011, 01:15:55 PM
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Direct trading between exchangers

The different wallets can be combined to a single trading interface to facilitate direct p2p trading between the both parties.For conducting trading, certain amount of the currency to be traded will be locked in a pending order.The trade conducted could be tracked easily as it becomes the part of the permanent respective block chains.

The price at which the exchange took place.It would be associated with two transactions in two blocks of the currencies exchanged.A mechanism is needed to transmit the "price of exchange between the peers" to every node running this trading software in a similar way like p2p transaction becomes a part of the common block-chain which cannot be changed.

I think this is needed to make it secure.P2P inter-currency trading can become a reality.

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ElectricMucus
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October 03, 2011, 01:17:43 PM
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I agree, but I have no idea of how this could be implemented.
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October 04, 2011, 02:01:42 AM
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as i see it now, p2p currency exchanges require you to trust the other user if you go first. i have yet to see a model where you do not have to trust the other party.

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October 04, 2011, 05:19:58 AM
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Yes, I cannot see a solution that would not involve an escrow service.

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October 04, 2011, 05:22:36 AM
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Something like https://en.bitcoin.it/wiki/Contracts#Example_5:_Trading_across_chains
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