An anonymous decentralized censorship resistant crypto-currency exchange.

[adudalesdi]

My name is Adudalesdi Ganiladisdi and I have invented a real-time decentralized peer to peer exchange platform that is secure, anonymous, DDoS-resistant, censorship-resistant, robust and fast. Packets are obfuscated and sensitive material is encrypted using public key cryptography. This project has grown to where I alone am not enough to take it further, therefore I am giving it to the world and asking for help in exchange.

The network can be easily extended to create other real-time services including decentralized market places or telephone systems.

A reference client has been implemented for Mac OS X.

http://i1.someimage.com/uSn0eVE.png

For more information regarding the project go to https://github.com/adudalesdi. Technical information is found in the /docs directory.

Please consider donating to one of the following crypto-currency addresses to support this effort:

   BTC: 1CgoUnczfSetSTZxtY7oruSVxHAy8uQrRM
   NMC: NH6fRud4fWiVohwpJ7Z8qyu9HW1oYQqy1k
   LTC: LRBAC657e6HxBR2qLzHPq492pEiqppCd2J
   DOGE: D5G6FkhoQyNkvBBGnHpZNHAGUKtZ5FCUyN
   BC: B7F6s9AbL9dCDqVbZ3xGWHgQE9SNqUigME
   MINT: Mr23GFpyZbTHQ2Yi1xkBQCKb3V69EKRM7j
   VERT: Vof3tnHSFQsja92QySEgDTBYFMGvRv2Efz
   AUR: AbCykvY1G9hiMaaY13KYWsg3c3Kkv57ZF6
   HVC: HBxnfW8TGnS8JPDJ5QmyyN1yq6qbT2CW5e
   CON: UPM58usAn9QbdBNWJ5tKGiUQsfjaXJcyiM
   
If the donation address you'd like to use is not listed please let me know.

Adudalesdi Ganiladisdi

adudalesdi@mail.com
adudalesdi@hmamail.com

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[1714890633]

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[xeroc]

Some detailed technical descriptions .. anywhere?

[adudalesdi]

Some detailed technical descriptions .. anywhere?

For more information regarding the project go to https://github.com/adudalesdi. Technical information is found in the /docs directory.

[XertroV]

Some detailed technical descriptions .. anywhere?

For more information regarding the project go to https://github.com/adudalesdi. Technical information is found in the /docs directory.

You docs directory doesn't shed much light on how coinsy is meant to work.

As far as I can tell it's a way for buyers and sellers to exchange and accept each other's offers.

The actual exchange of the crypto-currency is out of the scope of this document.

Once an order is matched, are users expected to communicate and figure out payment details?

How are users prevented from reneging on trades? How are users prevented placing bogus orders at ridiculous prices?

There's a lot of technical information missing from /docs.

[TheRandomGuy]

This sounds great. Good luck with the project.

[poordeveloper]

Looks like a great idea. The only thing I can see giving problems is the chat.

[adudalesdi]

Some detailed technical descriptions .. anywhere?

For more information regarding the project go to https://github.com/adudalesdi. Technical information is found in the /docs directory.

You docs directory doesn't shed much light on how coinsy is meant to work.

As far as I can tell it's a way for buyers and sellers to exchange and accept each other's offers.

The actual exchange of the crypto-currency is out of the scope of this document.

Once an order is matched, are users expected to communicate and figure out payment details?

How are users prevented from reneging on trades? How are users prevented placing bogus orders at ridiculous prices?

There's a lot of technical information missing from /docs.

The solution is unfinished as reflected in the list of to do items. If you trust each other then you can just communicate the trade details however Centralized and Decentralized escrow are being implemented.

[solex]

The solution is unfinished as reflected in the list of to do items. If you trust each other then you can just communicate the trade details however Centralized and Decentralized escrow are being implemented.

Great project and smooth GUI, safe escrow is what everyone wants, but is much harder than a simple noticeboard.

[adudalesdi]

The solution is unfinished as reflected in the list of to do items. If you trust each other then you can just communicate the trade details however Centralized and Decentralized escrow are being implemented.

Great project and smooth GUI, safe escrow is what everyone wants, but is much harder than a simple noticeboard.

What do you think about decentralized escrow agents?

Utilize "real people" with a block chain based feedback and reputation system. These "real people" could charge a fee. Because the system has no trading fees it would still be cheaper than a centralized exchange and the goal of "getting coins out of a single hand" would be achieved. The complexity is quite small but...

There are two approaches to this:

1. You deposit funds into the escrow of your choice. When a trade completes each escrow agent handles the "trade". Crypto shows up in your designated deposit address.
2. When a trade completes each party deposits funds into a random high ranking escrow agent and they handle the "trade". Crypto shows up in your designated deposit address.

The first has the advantage of being fast during trades. The second is more like how a market place works. I suppose both could be achieved in code.

Please leave feedback.

[Stn]

The solution is unfinished as reflected in the list of to do items. If you trust each other then you can just communicate the trade details however Centralized and Decentralized escrow are being implemented.

What a BS! Escrow (or whatever on its place) is the core of such system. Without one it is just another useless bulletin list. Hundreds, thousands already exist.

Next time when you start developing, begin with the core not interface.

[adudalesdi]

The solution is unfinished as reflected in the list of to do items. If you trust each other then you can just communicate the trade details however Centralized and Decentralized escrow are being implemented.

What a BS! Escrow (or whatever on its place) is the core of such system. Without one it is just another useless bulletin list. Hundreds, thousands already exist.

Next time when you start developing, begin with the core not interface.

The "core" is easy as I've explained but it requires consensus before time is put (wasted) into it. The hard part was implementing trading over decentralized networks securely, anonymously and in less than one second. No currently existing technology can achieve this level of speed in decentralized trading. Thanks for your input.

[Stn]

Sorry to disappoint you but situation is exactly opposite. The part you have done is trivial and needs no innovations. Nobody did it before because without escrow part whole thing doesn't have sense. Real challenge is in escrow and none have solved it yet.

[adudalesdi]

Sorry to disappoint you but situation is exactly opposite. The part you have done is trivial and needs no innovations. Nobody did it before because without escrow part whole thing doesn't have sense. Real challenge is in escrow and none have solved it yet.

I've solved escrow. Thanks for your feedback.

[btc-mike]

How did you solve it?

[adudalesdi]

How did you solve it?

I will publish the papers when they are ready, but to answer your question:

A PoS/Po* coin will be launched that stores the trade history, escrow feedback, ratings and balances. Essentially users will deposit crypto into the escrow agent(s) of their choice. When a trade completes these escrow agents will process the trade and the crypto will show up in your designated deposit address for that particular coin.

Because escrow agents can charge a transaction fee for each trade they can work the system as a full-time job.

Not only does this solution accomplish the goal of "getting the crypto out of a single hand" but it creates jobs and a community. :-)