Bitcoin Forum
December 08, 2016, 06:33:44 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [ANN] The Decentralized Bitcoin Exchange  (Read 1186 times)
John S.
Newbie
*
Offline Offline

Activity: 27



View Profile
May 07, 2012, 05:10:54 PM
 #1

For Sellers of US Dollars/Euros/etc.

1. Go to http://glbse.com and create an account.
2. Create a security for your exchange's currency reserves.
3. Denominate your shares to your liking and sell them for BTC.
4. Make a method to where shareholders can redeem their shares for cash whether it be for every $10 or $1000.

For Buyers of US Dollars/Euro/etc.

1. Wait for a seller of your liking to do the above and purchase the shares on http://glbse.com .
2. Redeem your shares for cash.
1481222024
Hero Member
*
Offline Offline

Posts: 1481222024

View Profile Personal Message (Offline)

Ignore
1481222024
Reply with quote  #2

1481222024
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
kangasbros
Hero Member
*****
Offline Offline

Activity: 811



View Profile
May 07, 2012, 05:14:42 PM
 #2

Really just a more cumbersome alternative to sites like bitcoin.de and bitcoin-otc. What's the point?

John S.
Newbie
*
Offline Offline

Activity: 27



View Profile
May 07, 2012, 05:16:00 PM
 #3

Really just a more cumbersome alternative to sites like bitcoin.de and bitcoin-otc. What's the point?
You can use the interface of GLBSE which should enable better liquidity?
John S.
Newbie
*
Offline Offline

Activity: 27



View Profile
May 07, 2012, 05:23:11 PM
 #4

Also you can use the GLBSE shares as cash: You can transfer the shares to anyone as you please, correct?

If so, it would be an irreversible method of payment.
hazek
Legendary
*
Offline Offline

Activity: 1078


View Profile
May 07, 2012, 05:59:49 PM
 #5

I smell fractional reserve banking. But an interesting idea.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
LightRider
Legendary
*
Offline Offline

Activity: 1488


I advocate the Zeitgeist Movement & Venus Project.


View Profile WWW
May 07, 2012, 06:05:42 PM
 #6

I like how you decentralize the exchange by centralizing it on GLBSE.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit www.thevenusproject.com and www.theZeitgeistMovement.com.
Red Emerald
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
May 07, 2012, 06:54:05 PM
 #7

I like how you decentralize the exchange by centralizing it on GLBSE.
Yeah. I don't get how this is decentralized.

Explodicle
Hero Member
*****
Offline Offline

Activity: 947


View Profile
May 07, 2012, 07:36:16 PM
 #8

I like how you decentralize the exchange by centralizing it on GLBSE.
Yeah. I don't get how this is decentralized.

I gleefully clicked on the title expecting something else too.  Undecided
MarketNeutral
Sr. Member
****
Offline Offline

Activity: 364


View Profile
May 08, 2012, 11:08:37 PM
 #9

Is a real decentralized bitcoin exchange feasible?

I can't imagine how it would work, but neither could I have imagined a decentralized p2p currency before I found out about bitcoin.
terrytibbs
Hero Member
*****
Offline Offline

Activity: 560



View Profile
May 08, 2012, 11:09:51 PM
 #10

typical atlas
Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
May 08, 2012, 11:39:19 PM
 #11

Is a real decentralized bitcoin exchange feasible?

I can't imagine how it would work, but neither could I have imagined a decentralized p2p currency before I found out about bitcoin.
It can for the Bitcoin part and might already be possible with other cryptocurrencies like Namecoins.

For fiat money the problem is that except for cash money (which isn't easy to transfer at all) there's nearly no way to transfer it fast, cheap and irreversible to anyone in the world. MintChip looks a bit like a solution there, but I guess we'll have to wait and see what comes out of it. MasterCard also announced some kind of Webwallet today, but usually these come with "buyer protection" = merchant fees + chargeback.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!