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Author Topic: Creating an open exchange.  (Read 659 times)
NChosting
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February 28, 2014, 07:22:57 PM
 #1

In the light of the recent news and incidents, I feel the need for an open exchange. Where our btc is safe and that we 100% sure they are safe. No problems with btc withdrawals whatsoever.

I want to develop such an exchange but do not know how to go about it. If those with ideas and input would show me the way I believe I have the necessary drive and connections to accomplish this.

The exchange must be transparent, meaning publicly auditable. Secure from hackers and bad intentions. A place where 2 parties can trade fiat and crypto or securities between each other securely.

How would one go about this? Especially the open part? How can an exchange be trustworthy?

Thanks for your comments , ideas , criticism

Creating an open exchange
https://bitcointalk.org/index.php?topic=492733.msg5444568#msg5444568
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March 01, 2014, 03:26:06 AM
 #2

In the light of the recent news and incidents, I feel the need for an open exchange. Where our btc is safe and that we 100% sure they are safe. No problems with btc withdrawals whatsoever.

I want to develop such an exchange but do not know how to go about it. If those with ideas and input would show me the way I believe I have the necessary drive and connections to accomplish this.

The exchange must be transparent, meaning publicly auditable. Secure from hackers and bad intentions. A place where 2 parties can trade fiat and crypto or securities between each other securely.

How would one go about this? Especially the open part? How can an exchange be trustworthy?

Thanks for your comments , ideas , criticism

Sounds like good idea, but do you have knowledge needed to develop it, manage it, and secure it? Smiley Or how much bitcoins do you have and how much you want to pay people to do this? Smiley

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NChosting
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March 01, 2014, 12:21:36 PM
 #3

In the light of the recent news and incidents, I feel the need for an open exchange. Where our btc is safe and that we 100% sure they are safe. No problems with btc withdrawals whatsoever.

I want to develop such an exchange but do not know how to go about it. If those with ideas and input would show me the way I believe I have the necessary drive and connections to accomplish this.

The exchange must be transparent, meaning publicly auditable. Secure from hackers and bad intentions. A place where 2 parties can trade fiat and crypto or securities between each other securely.

How would one go about this? Especially the open part? How can an exchange be trustworthy?

Thanks for your comments , ideas , criticism

Sounds like good idea, but do you have knowledge needed to develop it, manage it, and secure it? Smiley Or how much bitcoins do you have and how much you want to pay people to do this? Smiley


Hello

I am determined to provide bitcoin users with a open exchange. I am willing to invest capital into this and more importantly my business knowledge and contacts.

Im just not sure on how to go about having an open system so people can feel safe about their btc being in cold storage safely.

Obviously providing the safety will be upto the exchange. But what is the best way to store them? Securely and openly! This is the part that I need help with.

Thanks


Creating an open exchange
https://bitcointalk.org/index.php?topic=492733.msg5444568#msg5444568
roslinpl
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March 01, 2014, 01:46:45 PM
 #4

In the light of the recent news and incidents, I feel the need for an open exchange. Where our btc is safe and that we 100% sure they are safe. No problems with btc withdrawals whatsoever.

I want to develop such an exchange but do not know how to go about it. If those with ideas and input would show me the way I believe I have the necessary drive and connections to accomplish this.

The exchange must be transparent, meaning publicly auditable. Secure from hackers and bad intentions. A place where 2 parties can trade fiat and crypto or securities between each other securely.

How would one go about this? Especially the open part? How can an exchange be trustworthy?

Thanks for your comments , ideas , criticism

Sounds like good idea, but do you have knowledge needed to develop it, manage it, and secure it? Smiley Or how much bitcoins do you have and how much you want to pay people to do this? Smiley


Hello

I am determined to provide bitcoin users with a open exchange. I am willing to invest capital into this and more importantly my business knowledge and contacts.

Im just not sure on how to go about having an open system so people can feel safe about their btc being in cold storage safely.

Obviously providing the safety will be upto the exchange. But what is the best way to store them? Securely and openly! This is the part that I need help with.

Thanks



"Securely and openly!" ? Smiley

those two words whould not stand close to each other Smiley
or maybe I did not get the point...

I am sorry I cannot help you with development, but I can suggest to read a lot about cryptology and hire 10 good coders and maybe you can win with it somehow.

Good luck.

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dansmith
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March 01, 2014, 03:00:37 PM
 #5

If those with ideas and input would show me the way I believe I have the necessary drive and connections to accomplish this.
NChosting, this is a noble aspiration building such a transparent exchange.
I strongly recommend looking at OpenTransactions.
Among the many features of OT there is an under-development feature of voting pool to make it impossible to steal the BTC you are holding as an exchange (this feature has not yet been implemented though).

If you want to know about other OT features which will enable the transparent exchange you are after, please pop in to #opentransactions on freenode.net for a chat.

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