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Author Topic: P2P Crypto Exchange w/no fees  (Read 2286 times)
StewartJ
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February 04, 2012, 10:16:50 PM
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Someone is prototyping a P2P crypto exchange, with no fees.  Interesting concept.







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stochastic
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February 04, 2012, 10:24:18 PM
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Someone is prototyping a P2P crypto exchange, with no fees.  Interesting concept.









that is cool.  Who is the someone?

Introducing constraints to the economy only serves to limit what can be economical.
StewartJ
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February 04, 2012, 10:26:25 PM
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that is cool.  Who is the someone?

Have no idea, forwarded to me from btc-e exchange chat pals.  Hopefully this will
come to fruition.
etanoox
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February 04, 2012, 10:41:25 PM
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I was on BTC-e when it show this img.
He told that this is the future of Vircurex.

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StewartJ
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February 04, 2012, 10:45:53 PM
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I was on BTC-e when it show this img.
He told that this is the future of Vircurex.

Well that would be an improvement over vircurex interface, but don't they charge a fee?
RyNinDaCleM
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February 05, 2012, 12:26:44 AM
 #6

It's actually setup/looks very similar to BTC-e. Someone there wrote it maybe?

StewartJ
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February 05, 2012, 01:20:57 AM
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It's actually setup/looks very similar to BTC-e. Someone there wrote it maybe?

But its peer to peer, and that's what makes this unique. It's not a "controlled" exchange. The users really run it.
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February 05, 2012, 01:29:15 AM
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Very interesting indeed. P2PX (p2p exchange, yes I just invented an acronym) is an essential step to securing the future of bitcoin commerce. Right now the exchanges are the possible targets of government shutdown.
StewartJ
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February 05, 2012, 01:49:14 AM
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Very interesting indeed. P2PX (p2p exchange, yes I just invented an acronym) is an essential step to securing the future of bitcoin commerce. Right now the exchanges are the possible targets of government shutdown.

This!
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February 05, 2012, 02:28:03 AM
 #10

What would something like this mean to Mt. Gox?

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
StewartJ
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February 05, 2012, 03:03:09 AM
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What would something like this mean to Mt. Gox?

Nothing right away. It would take a massive ramp-up on a peer to peer network to have the volume to compete with Gox.

Gox is essentially The Bank to exchange Bitcoin/USD, and I don't see that disappearing any time soon
BadBear
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February 05, 2012, 03:13:47 AM
 #12

What would something like this mean to Mt. Gox?

It would be a good start. Probably not noticeable at first but everything has to start somewhere. 

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February 05, 2012, 08:37:28 AM
 #13

Very interesting indeed. P2PX (p2p exchange, yes I just invented an acronym) is an essential step to securing the future of bitcoin commerce. Right now the exchanges are the possible targets of government shutdown.

im no developer, but i imagine this could seamlessly be implemented directly into the bitcoin client, allowing a user to instantly buy and send bitcoins. 

any idea how they setup the whole fiat deposite scheme?

it would be so convenient to have the ability to simply go out and buy a moneypak card, insert the scratch off code into the client and instantly get bitcoins.
StewartJ
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February 05, 2012, 08:44:29 AM
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Very interesting indeed. P2PX (p2p exchange, yes I just invented an acronym) is an essential step to securing the future of bitcoin commerce. Right now the exchanges are the possible targets of government shutdown.

im no developer, but i imagine this could seamlessly be implemented directly into the bitcoin client, allowing a user to instantly buy and send bitcoins.  

any idea how they setup the whole fiat deposite scheme?

it would be so convenient to have the ability to simply go out and buy a moneypak card, insert the scratch off code into the client and instantly get bitcoins.

I think its just a concept with a visual front end, and no more than that for now.

The peeps at BTC-E mentioned that the developer is going to make an official post about this on the Forum, not sure
where, maybe Trading Discussion or Project Development?

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February 05, 2012, 11:08:12 AM
 #15

any idea how they setup the whole fiat deposite scheme?

There is no fiat deposit scheme because this is a peer-to-peer exchange of crypto currencies only. This means that you still need to purchase X-Coins with dollars using the traditional methods (MtGox, bitcoin-otc, etc.).

You can't have an automated P2P exchange involving fiat because you would need a central entity to control money deposits.
StewartJ
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February 05, 2012, 11:28:35 AM
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any idea how they setup the whole fiat deposite scheme?

There is no fiat deposit scheme because this is a peer-to-peer exchange of crypto currencies only. This means that you still need to purchase X-Coins with dollars using the traditional methods (MtGox, bitcoin-otc, etc.).

You can't have an automated P2P exchange involving fiat because you would need a central entity to control money deposits.

That would make sense.

I do see on the interface a drop-down menu with Liberty Reserve. Perhaps links to the traditional money reserves.
Crypt_Current
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February 05, 2012, 11:44:48 PM
 #17

This is excellently awesome.  This will be much better at facilitating trading all this NMC for BTC, for example.

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ineededausername
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February 06, 2012, 12:28:20 AM
 #18

I like.  Just get rid of solid coin.

+1

(BFL)^2 < 0
Mike3574
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February 06, 2012, 10:48:59 PM
 #19

This is my project. I've posted the details here: https://bitcointalk.org/index.php?topic=62879.msg734702#msg734702

Thanks StewartJ for posting this.

All Best,

Michael
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February 07, 2012, 05:10:33 AM
 #20

I've made a quick comment on the P2P Cypto Exchange thread as a OT developer. https://bitcointalk.org/index.php?topic=62879.msg735219#msg735219

One off NP-Hard.
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